Who says you can’t find good stocks in a Down Market?

By Gene On August 3, 2008 · Leave a Comment

We did our scans of the sectors on July10, 2008 and found that the healthcare sector had moved to the top of our list. We then did a scan for all of the stocks in the sector and found a number of pre-buys. We then filtered them for the highest momentum stocks in the pre-buy scan by filtering for double greens. The list that we received we added to our portfolio and these are the results.

(click on image to enlarge Image)

This is what you can do when you have a sector that is out preforming the market. But make sure you have that condition because we are still in a market that is headed down. I do not know how long this is going to last but we should still be short until we get the buy signal on the idicies before we change the portfolio to long and start looking for pre-buys.

Now on another front the longs that we took in the down market on the 13th of June are still outstanding. The reason is that we took them from the BSG Weekly Momentum scan and found stocks that were out performing the market. They were double greens as well.

Here are the results.