Mike
12-05-2016, 09:31 AM
I updated the watch lists in the high growth stocks section. The lists are pretty short, a continued trend post-Trump election. Either the markets are preparing to go down or the meager list of opportunities are a result of large-scale market rotation. It takes many weeks for a stock to set up correctly in a base, for example, the minimum cup with handle base is seven weeks long. One of the stocks on the watch list is THO, as a delayed entry to a gap up that occurred last Tuesday. My gauge for a safe entry to a gap up is how close to the lows of the gap up day that I can enter the position. After entry, closing below the low of the gap day is my exit condition.