Pascal
11-15-2013, 03:37 AM
Since the market reached a new high yesterday, today we have a long list of potential buy "leading" candidates.
I believe that most of these are "fake" leaders. These are stocks that outperformed simply because everything went up and they went slightly higher than their peers. It is much easier to detect leading stocks during a pull-back.
I am extremely selective with these stocks and plan to only enter new trades only on a pull back deep into the buy zone.
Today is options expiration. I believe that we will have better opportunities to get lower prices next week.
As of now, QLGC and RVBD are within the buy zone. QLGC attracted sellers yesterday and RVBD has to digest its recent reversal from the lows.
Pascal
20810
I believe that most of these are "fake" leaders. These are stocks that outperformed simply because everything went up and they went slightly higher than their peers. It is much easier to detect leading stocks during a pull-back.
I am extremely selective with these stocks and plan to only enter new trades only on a pull back deep into the buy zone.
Today is options expiration. I believe that we will have better opportunities to get lower prices next week.
As of now, QLGC and RVBD are within the buy zone. QLGC attracted sellers yesterday and RVBD has to digest its recent reversal from the lows.
Pascal
20810