Checking my previous posts for symbols to add to my shopping list; #HYHRD: spreadsheets… and #HYHRD: Charts… yields this info;
From the #HYHRD watchlist;
Based solely on the scoring procedure used on this Screening Spreadsheet, I might look into buying; $NRZ, $LEG, $ANCX, $AOS, $SPTN, $HAS, $VLGEA, $WU, $NWL, $PETS, $FCAP, $WTBA, $DLR, $BRKL, $WSTG, $BANC, $CNMD, $NYCB, $RRD, $MRCC, $EBF, $PROV, SWK, and $APTS and may initiate a position at some point in the future. In so doing I would most assuredly affect my overall dividend yield, but the annualized total return may be worth that compromise. They must also look good on the charts.
Now, the above are the top scoring stocks based on return and yield from the watch list and are “in the green”. That alone doesn’t actually qualify them for acquisition.
I then take a look at the results from the charts;
Based solely on this look at the charts, it is clear to see that some stocks are trending down, but some are trending up. There are a few new opportunities from the watchlist stocks. The current holdings are down quite a bit. It may be a good time to catch some ‘bargain’ prices on my current holdings, or build up cash reserves (‘dry powder’) for later deployment into other opportunities. There may be many other opportunities ahead, and I am watching and waiting.
For longer term growth, these dividend stocks stand out as trending up in all 6 charting periods and coming up off a dip and/or with ‘buy signals’; cnmd, wstg, wtba
For longer term growth, these dividend stocks stand out as trending up in all 6 charting periods and NOT coming up off a dip, and/or without ‘buy signals’; nrf, ancx, fcap
For shorter term growth, these dividend stocks stand out as trending up in the 3 most recent charting periods and coming up off a dip and/or with ‘buy signals’; loan, vgr, avx, brkl, gd, has, leg, nwl, nycb, sptn, swk, two
For shorter term growth, these dividend stocks stand out as trending up in the 3 most recent charting periods and NOT coming up off a dip, and/or without ‘buy signals’; bgcp, nymt, orc, vgr, aos, apts, mrcc, rrd, stwd, wu
For growth, it’s evident that the shorter time period growth potential appears higher than the longer term growth potential.
I might be tempted to buy one or more of the above on any dips.
Then, I apply this method (slightly changed yet again on 6/13/2015);
- 1st look at actual yield (of current holdings) – select top 3 – wmc, orc, nymt
- then look at equal weight (of current holdings) – select top 3 – wmc, loan, o
- then look at score (of current holdings) – select “in the green” – loan, wmc, orc, bgcp, vgr, morl, nrf
- then look at current holdings and select symbols with gains – wmc
- then look at chart results;
- select longer term growth results coming up off a dip, with ‘buy signals’ – cnmd, wstg, wtba
- select shorter term growth results coming up off a dip, with ‘buy signals’ – loan, vgr, brkl, gd, has, leg, nwl, nycb, sptn, swk, two
- then add to current holdings with gains – (none)
- else, may be time to add to underweight current holdings – loan, vgr
- else, may be time to initiate new positions from watchlist – cnmd, wstg, wtba, brkl, has, leg, nwl, nycb, sptn, swk
I define stocks that are “coming up off a dip, with ‘buy signals'” as stocks showing uptrends as previously defined in the “#HYHRD: Charts for w/e…” post and showing an upturn in MACD and/or Parabolic SAR and/or price trend with a confirmation of increased volume and/or a positive Linear Regression Reversal. I define “‘in the green’ on the spreadsheets” as stocks showing a total (of % yield & % return, or “annualized return”) above 25% (i.e.; “in the green”). I further define “underweight current holdings” as those appearing on the “Equal Weight” spreadsheet that are NOT ‘overweight’ (in each account, by dollars invested).
These are not ‘hard and fast’ rules, but they’re a start. I’ll use them to guide me, but I may veer off in any direction at any time, such are the vagaries of my mindset (I’ll bet you knew that already, Cupcake!).
P.S. One more thing; I just started posting about Point & Figure charts for stocks already owned or under consideration, but they change daily, after the market close. I consult those posts (because they’re usually some of the last that are posted each week!) for additional info when shopping for stocks. I also started posting about a ‘top ten’ comparison, which might also be a good place to start looking for new additions. Just a thought…
Live long, and prosper!