Mega Cap Stocks: Buy signals on these top stocks
Corona Del Mar, CA |
There are certain things you see for the first time that you can never unsee. |
You can buy near new highs or new lows, but not in between.
Returns go from 5% to 25% annual return since 1993:
Once you see the pattern, it's hard to unseen. Take for example this chart of Intel $INTC.
It's a bit hard to tell, but price was slightly higher than the blue top line so it bought the next day.
It's now up 34% since entry.
And you can also see a couple trades that were entered near multi-month lows, and then sold when back in those Fibonacci zones.
I can't help but look back all those years ago when I thought Fibonacci levels were real — as usual, these “tried and true” methods are less than worthless.
So what's the model saying now?
Well, there are a flurry of buy orders just under yesterday's closing prices (to maximize profits). These are BIG names, not lotto ticket small cap stocks.
The average trade lasts about two weeks, so this is a swing trading strategy with over 5000+ trades from 1993-2026. |
Trade smart,
Dan “Prince of Proof” Murphy
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