I tweeted my #RelativeStrength techniques out for new followers on 2/24/2020. I decided to update it a bit with new techniques that I have found studying this most recent Bear Market. I hope ya'll enjoy and can apply some of this in your careers/trading.

Cheers. 🦆🇺🇸🐕🍻 Image
During any harsh corrective periods or bear markets when the market is below the 50sma/200sma, pay attention to the % of stocks above their 50sma and 200sma. Notice how it got to 7% (% above 200sma) at the March lows? That was our queue to find those 7%. . Image
You did this by starting with the fundamentals and liquidity first to weed out the crap. Here are some select growth stocks that either didn't undercut the 200sma as much as the general market or didn't even touch it in March 2020:


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More from @duckman1717

Mar 10, 2021
I'll start with the fact that I have no idea if the bottom is in or not and that I bought and held all new buys today. My gauge for this market has been and will continue to be $TSLA. So it makes sense for me to position myself heavier into this name as it proves itself.
The art of trading and investing can be a difficult one to navigate without rules and risk management. Two of my favorite books (I've said this many times over) are HTMMIS and the Lifecycle Trade book.
Currently, I am using the 40 week rule in the Lifecyle Trade book on my core holdings from 2020 which include the B1s on $TSLA, $SQ, $TWLO, and $ZS. You don't have to go 100% cash! AND YES FORMER LEADERS CAN LEAD AGAIN.
Read 18 tweets
Jan 25, 2021
Seeing some blow off moves in the following names:


Watch for leaders to top in concert. My caution flag is up for sure at the moment. Especially with new purchases.
There is still lots of week left certainly so I'll be watching these and the TMLs and other leaders closely. After going through all the charts, today felt more like churning (a form of distribution) than accumulation despite the u-turns.
I still see setups and some bases having said this but that doesn't mean I plan to just anything with a base. The market has trained many to dip buy or breakout buy. At some point, the market will give that song and dance up. For now, as mentioned earlier, it's about port mgmt.
Read 5 tweets
Jan 25, 2021
What’s interesting is that the $QQQ got 12.46% above the 10 week line at the highs in the week of September 4th, 2020 before the market corrected. We’re currently set to open at around 6.6% above the 10 week line if this is the high of week.
Short-term, the market is certainly well within its right to pullback 5% from highs and be totally normal which will put us at or below the 21ema on the $QQQ. I evaluate my portfolio for stocks lagging or gains that are mediocre in gap up mornings like this to sell into.
Back and fill is to be expected always in these scenarios. The long and intermediate term trend will obviously be dictated by the actions of the TMLs and leaders. If many begin to blow off, more aggressive defense will be needed. The indices will lag this likely.
Read 5 tweets
Oct 16, 2020
Let’s talk psychology and mental toughness. This game is designed to beat you up. For the most part, this year has been extremely bountiful and it has programmed most into thinking that #stonks only go up. But at some point, they will ring the bell. They always do.
The veterans on this platform can all agree that this year really is an anomaly. These years just don’t happen that often. That’s why it’s up to you have rules and the mental toughness to follow your rules. Rules are easy to design and develop but HARD AS HELL TO FOLLOW.
And then sometimes you get hit with a $FSLY situation which everyone knows on here that I was in a healthy gain at one point. To me, this is like striking out. @thelagunapadre and I played college baseball together and we probably had more outs than hits.
Read 9 tweets
Oct 14, 2020
Game Plan on $FSLY: Tomorrow and Friday are obviously important days. I want to see how the stock acts around long-term support. The story fundamentally has changed as the company has guided rev. downward due to TikTok loss of income.
WON says in his book and talks about watching for changes to stories. I have a pretty concentrated position in this at 27.6% in my account and an 11% position in the managed accounts. So does this suck? Yes, but thankfully great cost basis helped with the cushioning the blow.
As a result, it was basically engrained in me to never sell a stock because it seems too high-priced but to never argue with the market/tape. So, tomorrow, if the position goes against my support levels, I will reduce or blow it out all together.
Read 7 tweets
Sep 25, 2020
Lots of folks are saying we need more bases to increase our chances of a successful FTD (which I agree with partially) but that is so not 2020. Anyone remember how many bases there were in April as well as breakouts? I can think of VRTX. (1 of...)
Maybe a few others but there wasn’t much. Point is, the more years and corrections I log doing this, the more I realize that you don’t need a fully formed base to buy a stock on or even before a FTD (when that day comes). (2 of...)
We saw atypical bases structures in April 2020 and were seeing them again now. In both instances, there was significant doubt just before the FTD because there were little to no solid bases and everyone was infatuated with retesting lows (myself included). (3 of...)
Read 7 tweets

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