#HYHRD: Charts for w/e 7/18 $ALK $ANCX $CNMD $FLXS $WSTG $WTBA

Looking at Charts is now updated by Sunday morning, at the latest.

Looking at the charts this week, these stocks look like they are in nice uptrends;

UPDATE: I recently posted a video showing the old method for looking at the charts, which basically looked at just the price trend(s) over time. I have stumbled upon a new method for looking at the charts that includes the old method and adds classic patterns with price and timeframe predictions and combines the process into a single pass solution (so I don’t need to go over the charts for the weekly periods after the daily periods) and looks back over many charting timeframes; 6 month 1 day, 1 year 1 day, 2 year 2 day, 3 year 2 day, 4 year 3 day, and 5 year 3 day.

NEW Method

For an investment to be in what I consider a ‘nice uptrend’ for longer timeframes, it has to have a clearly defined trendline showing stock price moving up in all 6 charting periods (6 month 1 day, 1 year 1 day, 2 year 2 day, 3 year 2 day, 4 year 3 day, and 5 year 3 day). It also must be making higher lows in each subsequently shorter time period.

For an investment to be in what I consider a ‘nice uptrend’ for shorter timeframes, it has to have a clearly defined trendline showing stock price moving up in the 3 most recent charting periods (6 month 1 day, 1 year 1 day, and 2 year 2 day). It also must be making higher lows in each subsequently shorter time period.

I like stocks paying ‘qualified’ dividends for our joint (taxable) account.

I like ORC in our tax-advantaged accounts for the monthly dividends, which are quite high.

I like NYMT in our tax-advantaged accounts for the quarterly dividends, which are quite high.

I like MORL but only for our Roth IRAs because the monthly dividends are quite high but taxed as regular income, so it’s only good for the Roth IRAs where it’s tax status matters not a whit. This is a new ETN from UBS, and I would suggest reading up on it on the Seekingalpha website. Some good articles there (and some not so good). Read and learn.

I do NOT like LP, MLP, or LLC stocks, partly because they issue a tax form called a K1, and they usually come after the filing deadline, which necessitates filing an amended return, which adds to the cost, both of time and money. So, no thanks to ‘partnerships’! (I am still ‘investigating’ this, because there are some who think these are still good investments even with the added time and cost of preparing tax returns, and amending returns already filed. There are also those who think these are not good investments for the reasons I mention, as well as other considerations. So, while the ‘jury’ is still out on these investment vehicles, they are still ‘taboo’ for our portfolio. More as it develops…)

From the #HYHRD comparison spreadsheet;

Based solely on the scoring procedure used on this Comparison Spreadsheet, I might look into buying; $CBRL, $LOAN, $LEG, $ALK, $NTRI, $SPTN, $HAS, $NEWT, $NRZ, $WTBA, $AOS, $TGT, $FAF, $WMC, $AYR, $CNMD, $ANCX, $VLGEA, $VGR, $FLXS, $BGCP, $NWL, $PETS, $BRKL, $DRAD, $APTS, $FCAP, $GAIN, $MRCC, $CATO, $GD, $TBNK, $NYCB, $WSTG, $BANC, $SWK, $EBF, $LBAI, $FNLC, $CHCO, and $GARS, 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 score and watch list and are “in the green”. That alone doesn’t actually qualify them for acquisition.

I then look at the results from the charts for these candidates;

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’; alk, ancx, cnmd, flxs, wstg, 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’; apts, bgcp, chco, fnlc, gd, has, lbai, leg, mrcc, newt, ntri, nwl, nycb, swk, tbnk, tgt, vgr

I define stocks that are “coming up off a dip, with ‘buy signals'” as stocks showing uptrends as previously defined in this 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 might be tempted to buy one or more of the above on any dips.

As ‘Johnny 5’ would say; “Need input!”

Stay profitable, my friends.

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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