+511 Club & +80 RS

[Riskslayer]

Hi-

I have re-ran a search on the MarketSmith database for names > $7.00 and 100K vol. This gave almost 3,000 names. I then delete names that have zero vol in more than 1/2 of their 1-min bars over 50 days - this took the file down to about 2,700 names. The prior file had 2,400 names.

I have been publishing the # of names in the +511 Club category and +80 RS, and accordingly, the numbers will be a little skewed based on starting with about +12% more names than previously. I believe the # is secondary indicator of direction, what's most important is to look at the names and find good entries on the strongest names - RS +90, and the increase in file size may suggested a few more strong names to look at.

Take care,
+511 Club's - Apr 15, 2013.xlsx
Shawn

[Riskslayer]

Hi-

Most CANSLIM-style traders suggest that one first and foremost focus on the leaders. Which causes many to ask -which names are the leaders? I use the the +90 names from the +511 Club as my leaders. These names shift some on a day-to-day basis with names coming on and off the list on a particular day, but everyday, I put these 10-20 names into a watch list to see how they perform throughout the day. To me, that is focusing on the leaders and its relatively objective.

Last Friday morning, all the +90 RS Names were Red for most of the morning, and I was concerned and started selling the weaker names and reducing. Around noon on Fri, the market turned to the upside, and I added some back on. By EOD, the +90 names were about equally split between red & green - IMO, this was borderline unacceptable price action from leading names.

Today, all the +90 names opened red (except LIFE) and increased losses throughout the day. In particular, 16 of 20 +90 RS names were down more than 2%, and 8 of 20 were down more than 4%. I view this as very negative price action by the leaders.

I am about 25% long, but prepared for more downside in the days ahead.

Take care,+511 Club's - Apr 16, 2013.xlsx

Shawn

[canucck]

Shawn,

Thanks for sharing your analyses.

[Riskslayer]

+511 Club's - Apr 17, 2013.xlsxHi-

Today's results showed good leadership (yesterday's +511 Cub & RS +90):

BLMN 4.83%
RYAAY 2.71%
GILD 2.70%
SNTA 2.57%
TRLA 2.32%
AMGN 2.18%
AIMC 1.94%
ADBE 1.52%
DGI 1.45%
TMH 0.92%
GNRC 0.43%

Shawn

[Riskslayer]

Hi-

All 14 leaders (+511 Club & RS +90) finish negative. Not bullish.

GILD -0.31%
SSI -0.32%
AIMC -0.35%
TMH -0.69%
SNTA -0.80%
ADBE -0.84%
WAG -1.04%
TRLA -1.11%
NWS -1.17%
DGI -1.39%
GNRC -1.59%
EPL -1.91%
BLMN -3.44%
NCS -5.06%


Shawn

+511 Club's - Apr 18, 2013.xlsx

[brrim]

Shawn; I really appreciate your posting the lists and the day's results as it really provides insight into the market seeing how a dynamic list of leaders is doing.
Great work and thank you.
Best regards,
Robert

[Riskslayer]

Thanks Robert!

Another poor day for the leaders (+90 RS members of the +511 Club), 9 of 11 were Red:

TSLA 3.41%
EPL 1.32%
CHH -0.11%
EXAM -0.28%
ADBE -0.57%
TMH -1.14%
BLMN -1.16%
RYAAY -1.22%
NWS -1.86%
OSK -2.34%
GILD -2.39%

Shawn

+511 Club's - Apr 19, 2013.xlsx