Today, David Burrows commented about whether CASH, EXE-Q, WPM-T, POW-T, GWO-T, U.UN-T, NXE-T, URA-N, CCO-T, MDA-T, MFC-T, DOL-T, APO-N, BX-N, CG-Q, ONXS-Q, RY-T, TD-T, L-T, ATD-T, NEE-N, BN-T, EUAD-Q, HWM-N, CME-N, VIX-I, X-T, TECK.B-T, BAC-N, RF-N, MTB-N, FFH-T, JPM-N, NVDA-Q are stocks to buy or sell.
To be successful over cycles, you have to be a good seller. Of the 20-30 companies in a portfolio, out of 6000 to choose from, it's OK if one doesn't work. Your success depend on holding your winning positions, and getting the heck out of Dodge on the ones that don't work.
For every position, he sets a stop loss limit. As stocks do well, he ratchets up the stop loss in behind the stock price. Every security has a different personality with some being more or less volatile. He looks for a change in this personality to indicate when caution is needed and an exit may be near. For example, a stock that was making higher highs and lows starts making lower highs and lows.
He uses point-and-figure charts, an old-fashioned technical chart made of X's and O's. You could also use the 150-day or 200-day MA. As a short-term investor, you could use the 50-day, but you'll get stopped out a lot.
Unlikely that the market will forget about tariffs tomorrow, make a V bottom, and everything reverses from here. There will be time to see what's stronger, and what doesn't pull back when the market makes a new low.
On a roll. Whole sector looks quite strong. Very predictable, as contracts are long-lasting. Unlikely to get hurt if economy slows down.