The bull market has run for a long long time. And since end last year the Trump rally has accelerated the bull run. Stock investors rejoice ...

Weekly Superstock Scan 6 Feb 2017 - 10 Feb 2017: Nil

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The bull market has run for a long long time. And since end last year the Trump rally has accelerated the bull run. Stock investors rejoice in these times. However, when all the stocks has run up or is running up, it becomes extremely hard to spot potential superstocks.

It can be frustrating that after finally finding an edge in your strategy, you find yourself with no stocks to trade. This is exactly the situation I am facing in my recent months. In the whole of January, I have only spotted one potential superstock. This week once again, I did not uncover any potential superstock in my weekly scan.



It does feel that it is hard for stocks to even pass the technical scan nowadays.

This week, I have initially shortlisted Bealeys Broadcast Group (BBGI) and IXYS Corp (IXYS) after completing the technical scan. IXYS did not make the cut for fundamentals. As for BBGI, I was ready to blog on BBGI after reading it on its fundamentals. However, after looking at the chart again, I find that it did not actually broke up from a long flat base but merely accelerated its upward move. Therefore it does not fulfill my technical screen and I had no choice but to pull it out from my shortlist.

That is it for the story this week end. May next week be a better week.


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