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Mike
01-22-2017, 03:55 PM
Watch lists are updated. I was away for a while; lists had become stale.
I notice that the length of the watch lists has increased substantially; this I presume is a positive sign. Essentially, more stocks with good fundamentals have dropped into potential buy zones. ACIA is strange, in that it shows up on both long and short watch lists. ACIA has strong fundamentals but has been in significant decline since topping late last summer. If it recovers the 10-week moving average with some strength, I am interested in being long. If it stalls out at the same moving average, I am interested in being short. That being said, with the markets operating at all time highs, I am not too interested in being short.

Please exercise caution as we are in earnings report season, more than 1/4 of my long watch-list stocks report earnings this week. I suggest conducting some due diligence and avoid buying stocks in front of earnings.