This week, I finalize the Simple Simon Test series and update the All-Star A&B lists and VIP Fund Performance charts.
Next week, I begin with what my EOM Members should be doing when the next correction hits and retraces, to be fully invested.
Today I roll out trading candidates from my Simple Simon Plus Scans. The purpose; discover HPTs-higher (probability, profitability) trades, some before the SS signals hit.
The day they were flagged are signaled by a vertical red slotted line.
Some of my best trades happened when candidates moved from long to short or short to long candidates. Something to consider.
Don’t forget, if you are short a security when the pay a dividend, the owner of the borrowed shares still get the dividend. It comes out of your account.
Simple Simon Long Candidates
MYD, BDRBF, MPW
Simple Simon Short Candidates
LKQ, PE, LVS
Study each candidate then transfer your favorites to a SS Buy and SS Sell watch list. Determine your trade conditions and set alerts at your broker or Stockcharts.com.
For example, if a short candidate falls through a hard support level. Then set an alert at that price level for the security.
When your buy or short signals hit, you know what to do. No trading unless protective stops are in place.
Here is a link to setting alerts at Stockcharts.com. For setting alerts at your broker, contact them and have them walk through the process. The brokers may have a trademark name for alerts, for instance, Trade Triggers at TDA.
Enjoy your day,
David O. England