Remember when I told you guys you don’t have to buy any of these picks in order for this stock screener to be really valuable? This is why I came out with a controversial video called Shocking News: The Trend Is Not Your Friend.
Unfortunately I’ve had to ban and block a lot of comments on the Stock Trading Master YouTube channel. I’ve received and blocked comments ranging from you suck, to people who think they are going to teach me about how to use multiple time frames to trade… LOL
Folks, the market kicking your butt has nothing to do with my trading skills or that I don’t know how to look at multiple time frames. It has everything to do with trend trading no longer works in this type of market and this weekend’s stock screener proves that.
Notice that for the last 2 weekend stock screens, short ETFs were king according to the Alligator Method. Now, what is the Alligator Method? It’s looking at multiple time frames then overlaying them on a single chart! What do you think a moving average is? If you overlay a 50 and 200 day
moving average on top of your daily chart, then you are looking at 3 time frames at once. So the dummy that commented about how I need to change the time frames I’m looking at, here’s my question for you. How’s that working out for you? LOL… Be honest. You’re getting killed looking at multiple time frames and no matter what time frame you switch to, you still are losing money in this market.
Think about the weekend stock screener over the last 2 weeks folks. It’s based entirely on trend trading. It uses multiple time frames as evidenced by 3 moving averages forming a pattern that looks like an alligator opening its mouth. This is an awesome tool to use WHEN THE MARKET IS TRENDING. But clearly it’s not. Notice how this week all the short ETFs no longer appear! In other words, if you were trend trading and looking at multiple time frames, you got head faked to the downside in these short ETFs!
This is why I say that in this market, the trend is not your friend; however, the microtrend is your friend. We’ve got to compress our trading ranges and go for a quick 5% to 10% profit over a 1 to 4 day holding period, then get out quickly. This by definition is not a trend but rather a microtrend. It’s a very small 1 to 4 day bounce you are trying to time, then you are getting out. Look to enter a new long on Monday or Tuesday, then close out the trade by Thursday or Friday. Go all to cash over the weekend. Then analyze the market open on Monday and start hunting for your next 1 to 4 day hold.
Everything ties together in the stock market and this weekend stock screener is no different. Even if you don’t see value in any of these actual stock picks, you get value when you look at the stock screener from a holistic point of view as a whole. Profitable secrets are revealed both when something works, AND when it doesn’t work.
For you weekend stock researchers, this stock screener will be ran and new potentially hot stocks posted every weekend at http://www.guerillastocktrading.com
Make sure to bookmark http://www.guerillastocktrading.com/category/stock-screener/ and come back each weekend for the best stocks the market has to offer.
All stocks listed below will be tracked in real time for each week and updated for up to 6 weeks from when they where originally posted.
We do not hold any positions in these stocks at the time of posting. We have not been paid to list any stock here.
Song: The One That Got Away
Album: Wall Street: Working On the Edge
Artist: Lance Jepsen
Available on iTunes Now http://itunes.apple.com/us/album/wall-street-working-on-edge/id529290850