Here’s the full audio from the interview I did back in late May with Cris Sheridan of FinancialSense. This is by far the most in-depth interview I’ve done on the Stage Analysis Screener. I talk about how I use the screener for getting the current health and breadth of the market and finding top sectors using the screener. We also go into how the market has evolved since early 2016 with different market sectors taking leadership as the market has moved higher.
I still plan on releasing some videos at some point on the Stage Analysis Screener as I’ve discussed that in the past and I’ve had many people e-mail me about that. Thank you for your patience and for all the positive feedback I’ve received!
In this video I discuss the weak breadth that has occurred across the stock market since early March 2017. Weak breadth means that less stocks are participating in a market rally, which means that it’s harder to find a stock that’s outperforming the market. The market so far in 2017 has been led by large cap tech stocks and by the semiconductor industry groups that have been in strong Stage 2 uptrends since the middle of 2016.
In the second part of the video I go over the importance of not chasing overextended stocks that are far away from the 30-week moving average. This can lead to losses and occurs because traders lack discipline to wait for a better buy point after the stock has consolidated for a while.
Since early March I’ve been noting on Twitter that the breadth of this market has been weak and therefore it’s been much harder to find winning stocks this year than last year. This is definitely a stock picker’s market so far in 2017.
In this video I take a look at the big correction in uranium mining stocks from last week. I take a deep dive into what separates successful trading from traders that tend to struggle more as it pertains to managing risk.
In this video I take a look at recent action in the uranium and gold sectors and some bullish developments for each sector. I also discuss two stock market sectors that I think could outperform as we continue into 2017.