The Russell 2000 more new all-time highs, SPY, QQQ are both sitting right below their all-time highs. And for months multitudes of individual stocks have set up beautifully and have broken out. And the idiot permabears are still chanting about bubbles. For many years, and since the, and right into the, February lows, I have remained resolute about a secular stock bull market. Is anyone listening? Who knows.
My 4/2 list, consisting of 39 (38 now with the RSPP buyout) stocks, in the last few days – TEAM, BFAM, VNOM, ,WDAY, MEOH, LULU, FIVE, AEO, ANF, CTRN, SQ, ETSY, have hit new highs or all-time highs. And RSPP got bought out recently at an all-time high. That is 1/3 of my list. And 1/3 of my 4/2 list were up over 50% at some point. Plus 4 of them tripled. Only 2 of them have not been up at least 10% at some point since 4/2.
I am also the first to point out, that one very big reason why that list has done so well is because of the overall stock bull. “Don’t confuse brains with a bull market.” But this is also the point for the other part of the performance – getting the stock market right. That stock list was given to you guys in the premarket on 4/2. Why is that significant? That was the exact low day (thumbs up, chart below) of the final retest before the SPY, the OQQ, the IWM all then eventually proceeded to hit record highs. It was also when almost everyone thought the stock bull market was dead. The 4/2 low, you can not get closer than that. And the group was stocked with retailers, which have then become the #1 sector this year. That is pure hard work, zero magic involved in doing well in this business. That list could have been much better if given more attention and planning and with more hours in a day. I did that all in one weekend because I wanted to get that posted for you guys by that Monday, 4/2, as I believed the turn back up in the market was very close. And I received 3 comments about it – 3 comments.
Unlike the multi-billion dollar hedge funds, brokerages, banks, mutual funds – I had no staff, no research team, no advisers, no consultants. All 100% my work. And that list blows away all of those huge money management organizations. The performance discussed here, the numbers are better now. Plus this discussion does not even include the many many many smaller trading stocks that have been outstanding performers which have been posted all year, and more of them just this week. Like with CVSI which has been posted 15 times in the last few weeks, one of the best pure trading stocks this year. And last week and this week with the pot stocks, CGC, CANN, TLRY, CRON, with CTRL, WIN, NIHD, TRXC, etc. And having said all of this – about the 4/2 list and with all of these stocks and with all of these opportunities. Yet so little interest in this website. I am deciding how to proceed from here.
The thumbs up on the SPY chart is the premarket day when I posted my list – the exact low day of the final retest:
Below are charts of stocks discussed numerous times – more setups yesterday in CVSI, CGC, CRON, TLRY, CANN – springs off of support in an uptrend. ASNA, SMRT, more examples of what I discuss all the time. Trading is TRADING. And why it is a necessity to have selling rules, profit rules, stop rules, do not rely on your analysis, do not believe that a breakout has to actually breakout and stick. It is a business of probabilities. CNAB, a tiny pot stock, an absolutely beautiful pre-bko setup, and the run after words. SPY, another 123 option trade bottom setup, going off of Tuesday’s LLBH point as a spring. And the retest after the 123 bottom. Many excellent traders will not buy a spring, only the retest. So many ways to do this. Also, a 3 WAVE bottom tends to have more meaning than a 3 point bottom. If you are studying, paying attention, every setup below has been discussed in detail multiple times.