Covered KSU (Hard stop, also 50dma penetrated)
Bought CAKE
With the market apparently rising at the fastest rate since 1938, I am only able to come up with long candidates today. As a trend follower, all I can say is that the trend for the stock market is up, so it is only logical for me to be a buyer of stocks. Of course, if the trend changes, I will gladly scale into shorts again.
This stock was found by a scan that looks for tightening bollinger bands. In my experience, tightening bands within an uptrend tends to be profitable more often than it is not.
Another stock found by this scan was TEG. But this stock I think is more likely to work on the downside, and this is because the existing trend is down:
