I've developed a bearish algorithm/screener that screens for stocks with identified selling pressure / trend followed by a dead cat bounce that is likely to fail - which we will attempt to short. I'm trying to combine trend following and VFI trading principles for the coming bear market.
1. 200 EMA: below current market price (this is so we don't get...
114.77 119.25 123.90 125.80 127.36 131.18 132.54 136.37 137.98 142.86 144.60 146.63 148.70 150.10 153.19 158.75 162.00 164.85 167.56
Here are my current TRN's for Apple. These are powerful levels which the market will respect.
The stock price has been rising since a double bottom in early October. It broke out of a downtrend today with the price finding support on a level where the price gapped up. This area is also where the 200-EMA line is. Today's short float on this stock was 11.71%. Price targets are noted on the chart.
GreenBrier is a premium industrial in a hot segment of the Market. Over the last couple of years it has been on a tear, advancing more than 100%. Now there are Mutual funds and other institutional investors who are sitting on healthy gains. Note that fundamental story has NOT changed a bit. This is a pure rush to lock in profits - Look at this selloff. This...