My current five holdings are doing well: INTC, GNC, BJRI, TSCO, and ISRG. Here’s a summary of their daily action: Notice how GNC and INTC had huge volume, while TSCO, BJRI, and ISRG had still above average volume. This is a good sign, showing that mutual funds are buying the stock. However, stocks can’t go up [...]
So I entered a few positions today, thanks to increasing volume on a few big leaders. First is ISRG, Intuitive Surgical. Their earnings release was excellent, and is up 9.8% today, with a 380% increase in volume. The buy point was $402.65. Second BJRI, which broke through a $49.06 buy point. Volume isn’t as high as [...]
Here’s a chart of the S&P 500 looking really bearish today. We broke the $1,120 support level today in higher than normal volume. Looking bearish, our next target is around the $1,060 mark. I entered a Bear Put Spread today, already became profitable because of the tremendous bearishness at the end of the session. If [...]