Quote:
Originally Posted by lewdog
This never confirmed breakout. I hope you can see when I set a buy price target that I am only looking to buy if some momentum is noted. Many on my list from the weekend never confirmed either as the market this week has been relatively flat.
I also found a screener for pullback stocks. These are stocks that breakout but then sell off shortly after back to the pivot. These can be low risk entries that have potential to move back up. I will start posting some of these when I find them too.
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I understand the fundamental of the strategy lewdog. In hindsight I should’ve waited to purchase stocks until after the Fed guru has his say about the economy and interest rates. Not quite a normal week for stocks.