Art & Science of Active Trend Trading April 29th

April 29, 2018

Good Day Traders,

With the odds of a “no rate hike” at this week’s FED meeting sitting at over 90%, traders and investors will look to the verbiage of post-decision interview with the new Chair.  The interview with the previous Chair was almost always good for wild swing in the Indexes.  We shall see if this effect continues.  Since the market hit a high on January 26th, wild and wide moves have resulted after hair triggered reaction to real and perceived threats to the markets upward momentum.  Upward momentum has waned with prices moving sideways forming a wedge or triangle pattern on the SPX, NDX & RUT.  Currently, price action is stuck midway in the triangle between a dropping resistance and rising support line.  The most idea zones to plan action on the Tracking Indexes is near the extremes at the ceiling or the floor.  I will make no large new moves until after the FED reports on Wednesday.  I will continue to manage the pre-earning trades currently opened through out the week.

If you like pre-earnings trades both NVDA sits about 2 weeks from earnigns on May 10th.

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:

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 27th.

Running List: 115 stocks are on the 2018 Running list. Major swap out this week. Find the list here: Running 4-27

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: VNOM, IBKR, GRUB, FND, ABMD, SIVB, CPRT & PAYC. This sort is provided at: 4-27 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 4-27