November 25, 2019
Near-term Market Forecast: The market environment is modestly favorable for appreciation of these stocks in the weeks ahead.
The market averages made another new high today after a narrow, week and a half consolidation. We continue to see these very narrow 1 to 2 week consolidations followed by another move into new highs. Today we saw the small cap Russell 2000 break more decidedly out of its 10 month range which is a welcome sign. The banking index is still trending higher towards the highs as well. The VIX volatility index continues to be near multi-year lows and will likely remain low during the holiday week. The yield curve continues to flatten but remains out of inversion territory. We are a little more bullish given the small caps are starting to catch up. The strategy is calling for holding positions in the 3 stocks below until the next update:
This Weeks Stocks:
This week we have no new stocks. So, to follow the system, you would do nothing. If you are just starting, you would buy an equal dollar amount of all 3 stocks when the market re-opens in your risk-capital account dedicated to this system. Be sure to view the complete introductory video before getting started.
Stock #1 – CMG
Optional Protective Stop-loss Point: $628.80 (Be aware that a tighter stop-loss will likely severely reduce performance over the long-term based on back-testing for this strategy. See upgrade and performance video for further information and insight on optional stop-loss orders.)
Stock #2 – EVER
Optional Protective Stop-loss Point: $22.87
Stock #3 – MHO
Optional Protective Stop-loss Point: $34.70
A real nice week for the strategy with EVER up over 12% for the week while CMG made decent gains and MHO is up for the week as well. You never know when the strategy will start its next leg higher so its important to stay consistent with an amount you’re comfortable with. November has been another good month for the strategy.
Brian C Neall
Founder – Investtobefree.com