April 1, 2018
Good Day Traders, Happy Easter!
It appears that China intends to impose tariffs on some of the US goods. Is this just saber rattling or positioning for new trade talks. The Market’s initial reaction may be negative and then settle out as the week goes on. Each of the Indexes are attempting to find traction after a potential rally attempt on Wednesday. Both the Russell & Nasdaq may ping-pong between the 100 & 200 day moving averages. The S&P has settled to the 200 day moving average so a failure at this level could lead to further downside. Note that the 8, 20 & 50 day EMA’s on the Tracking Indexes are turning over and starting to provide downside crosses. One can make a case to wait for a move back into the moving average as trigger to the downside. Watch for base building at sound levels and a strong follow through before losing the downside bias.
Bounce Zones for Premium Members: If you are a premium member some very powerful conditional order setup information will soon be available to complement the “Go-No Go” Table each week. Chart showing zones where traders can expect prices to bounce due to supply and demand pressures. What does this mean for Premium members? Charts of our ETFs and Core Stocks with define Bounce Zones will empower you to place conditional orders around these areas for both entry and planned exits. This will be one more way Active Trend Trading will help Premium Traders with limit time for market analysis. Stay tuned for more on this beneficial feature!
With the Indexes showing weakness look for stocks that are holding up more strongly than the Indexes. Here’s a handful to watch: PAGS, WB, LGIH, RHT, COUP, TAL, GRUB, FANG and VNOM.
Remember to register for the After Market Monday and Making Money Trading Stocks and ETFs each week. In these webinars I will provide 10-12 stock set ups per year. All Levels of ATTS members will receive these trade email alerts. The NEW Composite Watch List provides a sort of all stocks that appeared on multiple Premium IBD Watch Lists this week. Often appearing on multiple list is a sign of strength and identifies a strong long term candidate. New Composite List Provided Below!
Register here to not miss the BONUS Trades or the ATTS Webinar Invitation list: https://forms.aweber.com/form/33/1084761733.htm
Running List, Strongest Fundamental stocks on the IBD 50 and the NEW Composite List of Stocks showing up on multiple IBD Watch List on April 1st.
Running List: 108 stocks are on the 2018 Running list. Major swap out this week. Find the list here: Running 4-1
When the new IBD 50 list comes out twice per week I conduct a fundamental sort which results in the top fundamental IBD 50 stocks being identified. The top fundamental stocks for this week are: PAGS, WB, LGIH, GRUB, NOW, ABMD, NVDA, CPRT & PAYC. This sort is provided at: 4-1 Sorted
A new addition to the weekly watch lists for Active Trend Traders is a Composite List of IPOs and Growth Stocks appearing on multiple IBD watch list each weekend. When a stock appears on multiple Premium Lists it can potentially be an indication of excellent strength. The stocks on the weekly Composite List may not be at a sound trigger point but may be worth watching for future entries. I will do an analysis of the list looking for price near potential triggers. Stocks near potential triggers will be highlighted. The top stocks appearing on more than one IBD watch list last week are shown in the table below. The Composite List for this week: Composite 4-1
