EVIDENCE BASED TRADING – Dr. James C Krider
March 24, 2017, momentum stock universe.
Dr. Krider’s managed portfolio YTD performance is 7.86% compared to the S&P 500’s 5.20%. This includes option trades. Dr. Krider’s 30-day trailing performance, including option trades, relative to the S&P 500 is 2.60% to -0.84%.
Dr. James Krider creates a new stock portfolio monthly consisting of quality momentum stocks. Most portfolios contain 20 stocks and are active for three months. The portfolio is managed per the guidelines provided in the educational section To view the currently active portfolios, go to Dr. Krider’s momentum stock universe. It is completely free and updated weekly.
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Dr. Krider’s managed portfolio includes option trades.
Disclosure: I am long in AAPL, ABX, ACAD, AMAT, ANTM, ARCC, AVGO, BAC, BX, CI, CIEN, DD, DIS, DOW, FB, GLW, LRCX, MBT, MO, OLN, ORN, S, SPY, STX, TMUS, TXN, V, WDC, and X. I hold option positions in CIEN, MOMO, MU, NVDA, OLN, RHT, STX, TMUS, UAL, VIPS, and WB.
Three-month chart: Minor support has been broken and the SPY is now trading below the regression channel for the last three trading days. MA60 slope continues to decline.
One-month chart: The SPY is trading below the MA20 and at the bottom of the of the regression channel The MA20 is negative as is the ROC.
Technical analysis is bearish for the short-term (30-days), neutral for the intermediate-term, and bullish for the long-term timeframes.
Overall: We have entered a period of market stagnation with a sideways movement. The old minor support at $236.35 is now resistance. On the short-term we are definitely bearish and need to play the market as such. We are still bullish on the long-term.
NEXT WEEKS PLAN
I am now down to 47% invested in stock. This represents momentum stocks and stocks assigned to me from option trades. Currently I have 8 stocks outside of the momentum group. I have 11 puts short going into next week. I will not be selling any more puts until the market shows evidence of an upturn. In the meanwhile, I will sell covered calls on the eight option stocks I currently own and will maintain the trailing stops on the momentum stocks.
The premium service has all my option and momentum trades that you can follow in real time.
To view the complete list of current momentum stocks, go to the momentum universe page. This is a free service.
James Krider, MD
Dr. James C Krider is a practicing family physician in Apple Valley, CA. Dr. Krider is a licensed insurance agent in the states of California (0I65488) and Nevada specializing in Medicare Advantage and Life insurance, an important aspect of wealth planning.