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Top Stock Picks Portfolio Comments2022-11-08: We have a signal to move out of **** and into ****. Current Stock Portfolio Positions: |
| | Stock Picks Q&A View Select Entries from Our Mailbag. Also See Our Q&A Page.Q: Could you tell me how today`s top stock pick, XXXX, is also a short candidate in the Daily Report? I am a new member and have great success with your stock picks to date.
A: Hi,
The short list on our Daily Report is a list that is auto generated - stocks reversing off new highs, stocks moving down on high volume, stocks 150% or more above 200 day MA, stocks with Relative Strength of 99, etc. You must not short these stocks just because they show up on this list. Always, always check the chart pattern to see if the stock is truly extended, specially if the GSA Rank is high. Consider shorting only if a stock is 150-200% or more above it's 200 day MA, and another confirming factor has been identified - reversing off a high or a high volume breakdown. That's why we show all the short factors listed for a particular stock. So, look for those stocks that have multiple factors listed, e.g., RS=99.>150% Above 200day MA.Reversing Off New High. and then check the chart pattern. Shorting is difficult, and must be done very selectively. Hope that helps.
Glad to hear that our Top Stock Picks have worked for you. Our own stock portfolio is sitting pretty too - knock on wood. There's an old saying on Wall Street - "Don't confuse a bull market with brains." The recent run-up in stocks sure has helped our stock picks.
Best Regards,
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