+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

[Pascal]

Shawn,


Great work! Thank you!

How much is your list of leading stocks overlapping that of "Stocktwits 50?"

http://stocktwits50.com/

It might be interesting to have a weekly list of leading stocks and see if this fixed list is doing better or worst than the market, during a fixed period of time such as one week, 10 days or 20 days.

Thanks



Pascal

[Riskslayer]

Hi Pascal,

I have been running screens on the IBD 50 and ST50 for sometime now.

ST50 updates each weekend, I think IBD 50 may also be updated mid-week as well. I compile my merged list on the weekend. For this week, the merged list is 93.. so there were 7 names that over-lapped, I would guess there are between 5-15 names each week that overlap on these lists.

These list themselves change every week, or maybe even twice a week in the case of IBD 50. My list changes each day.

A more static list would be Jerry Samet's index components.. which maybe changes every 3-6 months..

Suggestions from the broader group are welcome.

Let me think about what might be useful for the group, look over any feedback and get back to you,

Shawn

[Riskslayer]

Hi-

Here is how the 7 leaders from the last post did on Fri:

SSI 2.36%
RYAAY 0.69%
ADBE 0.65%
CHH 0.33%
TRLA -0.54%
TMH -0.71%
EPL -2.06%

I do not consider this constructive price action from leaders, even though an equal weighting across the 7 names would have shown a gain.

Also, note the MEM models for both $SPX and $COMPQ have turned off their buy switch last week; so, NO new buys for me.

My exposure is about 6% net long on leaders (GILD, TRLA, LIFE, TSLA, a few others) - These are small test positions that I did not sell when the Buy Switches went Off. I also have another 6% in a few dividend ETF payers (REM, EMLP, CHI) which are less volatile and I am holding for some yield.

I will continue to publish the .xls of +511 Club so we can see which names attract institutional buying and show the best RS during this corrective phase - these leaders usually (but, not always) turn-up a couple of weeks prior to the market bottoming. Thus, we can be best prepared for when the market conditions become favorable.

Shawn

+511 Club's - Apr 22, 2013.xlsx