Hey Guys,
The market had a nice rebound over the last 24 hours. The S&P 500 is 200 points higher than it was when I emailed yesterday. A showing of market strength like that could be a positive sign.
I haven't made any new trades today, but we did see a new ticker show up on the watch list. It's for Grocery Outlet (GO) and it's in the Low-Priced Stocks section.
I won't be setting up a buy limit order for GO, though, because I only trade the tickers that show up in the Stocks and Options sections at the top of the Watch List. Those sections are populated with the tickers from my list of favorite stocks, which are simply companies that have a market capitalization of more than $10 billion. Those companies have the best track record in backtests with my trading strategy, so that's why I limit my trades to those sections on the watch list.
But the companies in the Low-Priced Stocks section also have a backtested edge with my trading strategy. It's just a bit smaller of one. I have that section on the watch list due to popular demand from customers, so feel free to consider setting up buy limit orders for any tickers in that section.
If you have any questions or feedback, I'd love to hear from you.