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Scans continue to generate many charts, too many to cover myself. There are almost always certain times where as a trader you feel like there are way to many charts to look at and you’re exactly right. Narrow your focus and don’t try to do too much. You’ll end up missing out on all the trades if you do that.

5 Momentum Charts I like.

Holdings & Trading Activity

I picked up DD today and still hold CERN RBY, but I did trim some of both today. I’ll continue to let the stocks on my watch list come to me. I don’t want to chase stocks here but I also don’t think the market is going to give traders a chance to get back in. Melting up is the prognosis.

Update on Fanpage Strategy

This is the stocks on my watchlist I’m tracking (that haven’t triggered a buy yet) as part of a forward testing strategy I’m sharing on my fanpage. The right column indicates the date/price it made it on the list. This is more of a longer term strategy (but long for me is a month or two). These are the stocks in that same strategy that have triggered buys. This scan only returns 0,1,2 results daily so it’s very easy to manage.

Random Sector Focus

This chart on the dollar is scary how bang on it was at getting rejected right at the neckline. It doesn’t have to continue lower here, but that big black candle is very ominous. I’m bearish on the dollar until it breaks above that line of resistance around 81.25.

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