#HYHRD: 7/11 #BuyList $ANCX $CBRL $NTRI $HAS $NWL $APTS $LEG $SWK $VGR

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; $CBRL, $SPTN, $NTRI, $HAS, $FAF, $WMC, $TGT, $ALK, $PETS, $NEWT, $VLGEA, $AOS, $WTBA, $ANCX, $AYR, $CNMD, $NWL, $FCAP, $BANC, $CATO, $BRKL, $FLXS, $MRCC, $GAIN, $APTS, $EBF, $DLR, and $NYCB, 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 with ‘buy signals’; ancx, gis, pulb

For longer term growth, these dividend stocks stand out as trending up in all 6 charting periods; wstg, cnmd, fcap, flxs, wtba

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 with ‘buy signals’; leg, swk, vgr, apts, cbrl, has, ntri, nwl

For shorter term growth, these dividend stocks stand out as trending up in the 3 most recent charting periods; bgcp, loan, nymt, aos, bksc, cpb, faf, fnlc, gd, mrcc, newt, nycb, sptn, tgt, two, wu

I might be tempted to buy one or more of the above on any dips.

Then, I apply this method (last changed for w/e 7/11/15);

  1. 1st look at current holdings and select symbols with gains – leg, swk, vgr
  2. then look at score (of current holdings) – select stocks “in the green” – leg, nrz, vgr, bgcp, swk, wstg, drad
  3. then look at chart results (giving preference to stocks in uptrends for 6 periods over 3 periods;
    • maintaining ranking order from spreadsheets;
      • select longer term growth results coming up off a dip, with ‘buy signals’ – ancx
      • select shorter term growth results coming up off a dip, with ‘buy signals’ – leg, vgr, swk, cbrl, ntri, has, nwl, apts
  4. if any congruence with chart results (and ‘in the green’ on the spreadsheets, again maintaining ranking order);
    • First, initiate new positions from watchlist – ancx, cbrl, ntri, has, nwl, apts
    • then, add to current holdings with gains – leg, swk, vgr
    • else, may be time to add to other current holdings – nrz, bgcp, wstg, drad
    • If no stocks “in the green” or trending up on charts, then add based on equal weight Overall Rank – leg, swk, wstg, nrz, morl, vgr, bgcp, nymt, nrf, cys, drad, loan, pgh, o, orc, agnc, cnsl
  5. then, choose 3 stocks paying ‘qualified’ dividends for the taxable (sharebuilder) account – ancx, cbrl, ntri
    • Weekly investment in the taxable joint account held at Capital One Investing (sharebuilder) started 7/7/15.

Rationale;

  1. stocks already owned and showing gains
  2. stocks already owned and showing potential gains
  3. longer term results are more preferable than shorter term results because they imply some measure of ‘stability’;
    • longer term growth results coming up off a dip, with ‘buy signals’ would be my first choice(s)
    • shorter term growth results coming up off a dip, with ‘buy signals’ would be my second choice(s)
  4. chart results and ‘in the green’ on the spreadsheets are both growth indicators;
    • Initiate new positions from watchlist to spread the wealth and diversify
    • Add to current holdings with gains looking for more gains
    • Add to other current holdings, again looking for more gains
    • If no stocks “in the green” or trending up on charts, add based on equal weight Overall Rank (spread the wealth)
  5. Only stocks paying ‘qualified’ dividends are for the taxable (sharebuilder) account for lower tax rates.
    • Weekly investment in the taxable joint account held at Capital One Investing (sharebuilder) for diversification.

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, Parabolic SAR, and price trend with a confirmation of increased volume and 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!

About PandA Trader

I am, I think... "Disobedience, in the eyes of anyone who has read history, is man's original virtue. It is through disobedience and rebellion that progress has been made." -- Oscar Wilde
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