I have been in the "basement" working on a new screening filter. Below are the Top 20 from that screen test. It has been working well the last two weeks.
Did you know that having a PEG ratio less than 1 is a nice foundation for screening. Companies with PEG ratio <1 in 2003 hit it out of the park with a 154.1% Median Return and a 225.2% Average Return. 92% of companies with a PEG ratio less than 1 beat the market over three years.
Short trading week ahead. If you are traveling. Wishing you safe travels.
Watch List for 11/21/15: Thank you Finviz.com! You may need to click on chart to enlarge.
Quick and easy way to determine Risk ON or Risk OFF. Also, where's the big money flowing.
Look for recent Sector ETF rotation. In this example using Sector Relative Strength last (14) days. The slider below will allow you for look from 200 days to 1 day.
Right away I see Risk is ON. Note Utilities (Flight to Safety) is down significantly. On a Bullish note I want to research leading Tech. stocks. That Sector is where the action is at the last (14) days.
I was surprised to see Financials are razor thin. I suspect many waiting on the Fed.
Some suggestions to review to take advantage of Tech. Sector:
SMH
XLK
VGT
IYW
QTEC
FDN
IGV
IGN
PXQ
FXL
PTF
SOXX
Thank you StockCharts.com for the chart.
Earnings continue, Economic News later in the week and Holiday Season looms for Retailers.
Here are some stocks that show up strong on my Stock Scans:
Watch List for 11/4/15:
RSX
CA
SYF
AEO
OIH
FCX
BBD
EMES
BCEI
PAH
SGY
CHGG
PAA
SN
TS
MPW
HCLP
DNOW
BDSI
CBD
Suggest printing this list out and running through their charts.
Best of trading to you the rest of this week.
Cheers.
I hope everyone had a safe and sane Halloween and you got more treats than "tricks" like we see daily in the markets.
Also, if it applies don't forget to set your clocks back one hour.
Here is my Watch List for the week ahead. It's imperative you complete your own Due Diligence (D.D.) on any stocks that interest you.
I run several scans that I have used successfully for many years. They have provided nice profits, are repeatable, non-subjective and I have confident in the results.
Watch List Week #1 for Nov. 2015:
GLW
BSX
TRMB
HBI
YNDX
PBF
BXLT
LKQ
DRII
ANF
KEYS
NXTM
KSS
DY
BGS
EFII
Trade well next week! Cheers.
