The trending stock list for today is below.
The idea is to grow wealth using consistent compounding. Since one cannot predict the market, the idea is to hold stocks as long as possibletrending in price above certain indicators measured at the specified time frames.
This keeps losses low, and the opportunity to hold stocks through trends. The recommendation is to be conservative in money management, distribute bets (say divide your discretionary money into 50 equal parts) and always keep enough cash aside (say 50 %)
The trend checking is purely mathematical, not based on any prediction about the future or financial advice. The age of the trend is also displayed, so the later you buy in the trend, the less profits are available, and it's probably time to sell some portion of your holdings.
For the listed stocks, all of the following conditions hold.
Scan criteria of "AAA buy the dip"All of the following:
M Chart(close) > M Exponential Moving Average (10, 0, close)
W Chart(close) > W Exponential Moving Average (10, 0, close)
M ADX DI (7, 21, 14), ADX > 25
W ADX DI (7, 21, 14), ADX > 25
240min URSI (5, 20, 20, 2, 2, SMA, 80, 20, close), RSI 2 > 50
240min MACD (6, 13, 5, close), Signal > 0
240min URSI (5, 20, 20, 2, 2, SMA, 80, 20, close), RSI 1 (4 candles ago) < 40
Technical indicators measured every 4 hours
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Position sizing is critical. Use only 1% of discretionary money per position. Do not sell until a sell signal. Let winners run. Use stop loss of 20% on each position, it may not be hit, and selling immediately when off list in principle should protect profits, or at most, create a small loss