As already stated in the previous post – market uptrend is under pressure.
1/4 of advances today have been given up today (Nasdaq has given up 20 points since the market open).
the number 1 ranked stock in the market right now is QIWI. It Operates electronic online payment systems in Russia and the CIS.
Key characteristics : Number 1 on the top 50 stocks of the entire market. 99 Composite Rating (top 1% of all stocks), EPS rating of 99, Relative Strength Line rating of 99, accumulation by market (people are buying it) is A+. QIWI PLC CL B ADS ranks best in the group within the finance-credit card/payment group (25 stocks). Out of 197 industry groups this groups rank is number 8 (we want to invest only in the top 40 industry groups in the entire market and in the top 6 broad sectors out of 33 sectors based on price performance). The Sector is finance and is ranked number 5 of all the sectors. QIWI just cleared a buy point.
Always, always, without fail cut your losses (5%-8% of your purchase price : Remember it is easier to make up for the loss with a gain of 100% or more for winners, and it is easy. Preserve your capital at all costs, so when those winning stocks come along the way you are ready to play. Opportunities are like train stations in Tokyo, one goes and the other comes. Have the cash to buy the ticket and be on the platform and ride any train that you are comfortable with. Let the chart speak to you: trade what you see and not what you think)