Here is yet another tranche momentum analysis on a group of recommended individual stocks.
Tranche Momentum Recommendations: Once more, we scan the table to identify those stocks to cull from the portfolio. Eight of the twenty to be sold are identified by under-performance with respect to SHY. Stocks coded red in column 3 are performing below SHY, a short-term treasury. No additional stocks are identified by the relative price with respect to their 195-Day EMA. The absolute momentum performance with respect to SHY generally takes care of all securities to sell.
Of the twelve remaining companies, which have the highest probability of doing well going forward? We check the Group rating combined with green Heikin-Ashi candles. Stocks passing these screens are: AAPL, HCSG, PFE, and WTR. Hold PFE and WTR if already in the portfolio and add to the other two positions. APPL ranks number 1 when it comes to the best absolute momentum with HCSG coming in second.
I review the portfolios I trace every 33 days. This rotates the review throughout the month, avoids wash sales and short-term trading fees when commission free ETFs are used.