New Updates and New Changes

Just updated five of the ten stock screens (five are updated each week), and updated the market barometer. In regards to the market sentiment no major changes, but after today, if the selling pressure holds up, there will be changes across the board. We haven’t seen a sell-off like this in months, and we’re likely to see a lot of people shaken out of their positions today. So the question that you and I both have to ask ourselves is whether this is a  buying opportunity, or whether this is the start of an extended pullback. I’ll be interested in seeing the volume totals at the end of today.

In terms of the stock screens, a lot of my more bullish screens have shrunken, in terms of those companies that meet the screen criteria, over the past two weeks namely due to the sideways action we have been seeing from the market, while my short screen, Watch Out Below, has more screen results then it has ever had in quite some time. It could be quite useful for setting up short positions, if this market continues to sell-off in the future.

Now, we are also implementing some changes. Since March, we have offered Day-Trades to our subscribers. But to be completely honest, they weren’t all that popular with the masses. Some of the reasons being that, you couldn’t trade and watch a intra-day position closely because you worked during the day, or it didn’t fit your trading profile, had a difficult time understanding the trading style, or for some it was all the above. However, the swing-trades continue to be as popular as ever, so we’re going to keep things simple, cut the day-trades feature, and focus more heavily on the swing-trades and swing-trades only. For most of you, you’ll probably like the idea, for others, you might be somewhat disappointed, but the swing trades are highly profitable, and with both of us (myself and Ryan) focusing solely on this style of trading, you will benefit ever the more. 

Also, there were a few lessons-learned during our stint with day-trades that I believe can carry over and implement into our swing-trading, so be on the look out for about that in the future.  

Happy-Trading!