Ignore VectorVest’s Confirmed Down, C/Dn, signals at your own peril. The C/Dn signal took place on the 13th of September. Between 13th September and 22nd October, the VectorVest Composite AU (VVC/AU), which is the arithmetic indexed average of all the stocks we track, has fallen 3.47%. The ASX200 has fallen by 3.56%. Depending on your investment plan, one wants to ensure stop-losses are in place and wait for the next Confirmed Up, C/Up, signal before purchasing further stocks.
Since the 13th September C/Dn call, what shares have held up well? I am going to concentrate on the ASX200 for this analysis, to focus on some of the household name stocks.
To do this, click on the UniSearch tab and on the left-hand side of the screen, find the Delta Searches – Stocks group. Select the 10-Day Top Gainers search. Once you have selected the search, notice the parameters noted. This search is looking for stocks that have changed the most in the last 10 days (and the returns are sorted in Descending order). Delta means change, so the parameter of Delta means it is looking for change taking place.
Next, let’s click in the Value box that has 10 day Sorted Desc noted. This will now bring up another selection box where you can change the number of days. It has been nearly 30 days since we got the C/Dn call on 13th September, so let’s change the number of days to 30. You can do this by clicking the up arrow until you get 30. Once you have dialed the selection box to 30, click on OK.
The last step now is to ensure that we are only going to look at the ASX200 stocks. Click on the next blank Parameter box. Hover your mouse over Stocks, then Filter by and select Watchlist. Set the Operator to be =. Click in the Value box and a Choose WatchLists box will pop up, click on the plus sign to the left of S&P/ASX and then select S&P/ASX 200 and click OK.
Now click on Run Search and look at the stocks returned. Some of the stocks that have the best price profiles and earnings profiles over the last 30 days per the list included: NST.AX, STO.AX and WHC.AX.
It is always interesting to take note of the stocks that have performed well in a C/Dn, keep an eye on these stocks moving forward as they may very well continue to move higher after a C/Up signal.
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DISCLAIMER: THE ABOVE ARTICLE DOES NOT CONSTITUTE FINANCIAL ADVICE. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. YOU SHOULD CONSULT WITH YOUR LEGAL, TAX, FINANCIAL, AND OTHER ADVISERS PRIOR TO MAKING ANY INVESTMENT.