The Augusta Investing Meetup Group Message Board › The Augusta Investing Meetup Group Discussion Forum › **Weekly Stock Checkup**
"When we are putting our money at risk in the financial markets, it is easy to get nervous and excited. These common emotions can wreak havoc on our trading accounts if not put into check"
CSRA CAN-SLIM investors it is that time of the week for our weekly stock checkup. The current market outlook is 'Confirmed Uptrend'. This was changed from 'uptrend under pressure' last week as the all the major indexes had two accumulation days on Wednesday and Thursday of last week as the indexes rose higher on higher volume. While many investors including me are waiting on a pullback it is best to remain flexible and become a student of the markets. Nobody knows what the market will bring but it is best to follow the trend than to fight the trend and right now the trend is that we are in a bull market.
Our recently monthly meetup for April was outstanding as we discussed the 3 popular stock patterns noted by IBD. The cup with handle, flat base, and double bottom are all common and popular bases to watch out for and can lead to big winners if you know how to spot them and also we discussed the flaws in these bases because sometimes watching the charts can be tricky. A few of the stocks we discussed on our stock shout are below: CHTR,Z,ALXN,NSPS,GEOS,NTWK,CFX,TSLA,TRIP,OAK,SIGI,LNG,XONE ** ,IMPV, and OCN.
Please remember triple witching will be on Friday April 29 so volume maybe a little tricky and also try to remain flexible and a student of the markets. I wish everyone the best of luck investing this week and lets stay focused and positive and do not get emotional !! Lets make $$ in stocks this week !!
David Avery, JR