OUT: CCIX, JAZZ
IN: VVTV, ATX
PROFIT ALERT: HCCI, UPI and VHC
PROFIT ALERT: AEA
OUT: AEA, IDSY
PROFTI ALERT: None
The # of Alpha Stocks hitting high note with 83 out of 100 passing the Alpha 20 Holds Filter and Profit Alert Filter picking up only 2 (yesterday 8) possible weakening alphas. Stock market may still move up but possible reversal may be only days away. September 1 is tomorrow. The stock market has staged dramatic reversal to the down side on April 1, May 1, June 1 and seriously on August 1. Alpha 20 Holds is not making additional entries and start exiting any positions showing possible weakness.
OUT: CVV, JAZZ, RGR and WETF
# of Alpha 100 stocks passes the Profit Alert Filter increased to 14 while the # passes Alpha 20 Holds filter remained decrease from 83 to 81. Since the risk is high and increasing, Alpha 20 Holds Strategy exits immediately on Profit Alert Signal.
Profit Alert: AG
The stock market appears to be weakening. The Alpha 20 Holds Strategy will not rentry positions at this time.
Strategy exits all positions.