BREAKING DOWN - BE CAREFUL BUYING THESE STOCKS
While watching another training session in MarketSmith, a feature was highlighted called "Breaking Down". This training session was conducted / presented on 10/12 with a Live chart and when selected, MS brings up a list of stocks that meet the criteria of stocks that are "breaking down". Though only 10-15 stocks were visible, I noticed that several were MF Premium stocks. I figured well....the market is in correction...a lot of stocks will fall under this criteria. Not so - this morning I selected this feature and there is a total of 92 stocks of the 1000's out there that were listed as "breaking down" stocks. As I went through the list I was finding multiple instances of MF stocks.....to the tune of 33 of 92 stocks or 36% of them...amazing. I have listed these 33 stocks with their corresponding ranking as listed. I see many of these stocks recommended by members to members asking for opinions on this board. I suggest - before you commit to buying any of these stocks on this list, pull up a chart and make sure that partiicular stock is reversing its downward trend. On a better note....the correction is not offically over but futures are up .5% - .9% across the major indices. Remember - we need (4) consecutive, positive days with a spike on a significantly above average volume day to consider the market has moved into an upward trend. Sure...this criteria is debateable but I am not going to argue with people that have decades of research backing this criteria...nor should you.
1 - TXG | 50 - NIO | 71 - SPOT |
---|---|---|
6 - ADYEY | 52 - NVCR | 72 - SFIX |
12 - ADSK | 54 - OKTA | 77 - TDOC |
20 - CVNA | 55 - PAGS | 79 - TDOC |
22 - CRNC | 56 - PTON | 81 - TWLO |
30 - EXPI | 58 - PINS | 82 - VRNS |
31 - FTCH | 61 - RDFN | 83 - SPCE |
32 - FVRR | 64 - ROKU | 84 - W |
40 - NVTA | 66 SDGR | 87 - WIX |
44 - LMND | 68 - SMAR | 91 - Z |
45 - LSPD | 69 - SEDG | 92 - ZG |