Roy Mattox @RoyLMattox Twitter profile | Pikagi

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Roy Mattox

@RoyLMattox

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Chief Market Strategist and Portfolio Manager. Tweets are opinions and not investment advice. Zetetic Cognoscente and acolyte of William O'Neil.

Charlotte, NC

https://t.co/dqj4CbwDDA

Joined March 2009

Don't wanna be here? Send us removal request.

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@RoyLMattox

Roy Mattox

3 years

When I am asked who has been the biggest influence on me trading the market it has to be William O'Neil, David Ryan, Mark Minervini, Jesse Livermore, Nicholas Darvas, Stan Weinstein, Gerald Loeb, and Richard Wyckoff all Masters of the Universe and proven World Class Traders.

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@RoyLMattox

Roy Mattox

2 years

For someone who has lived through the internet bubble and crash of 2000-2002 and the great financial crisis of 2007-2009, this is the 3rd greatest opportunity of my lifetime. It's coming. Wait on it.

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@RoyLMattox

Roy Mattox

1 year

Congrats if you are not down 20-35% this year. I have been doing this for 3.5 decades. This has been the most difficult market in 15 years. This is setting the stage for the next great bull market when the low is in. Down 10-15% is a win long term. 95% in Tbills.

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@RoyLMattox

Roy Mattox

2 years

The most profitable screen I have run over the last 34 years are stocks that are up over 10% in price and volume is over 300%. When that happens during an earnings call and at a new high, it is compelling. I run this everyday. Follow the institutional money. Leaders Lead.

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@RoyLMattox

Roy Mattox

2 years

Our view is that the market has not seen the ultimate low yet. We think the S&P bottoms at 3000ish area in the next 3-4 months plus or minus 10%. We may rally short term but you short the rally. Investors should sit this out; this is for traders only. We are protecting capital.

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Roy Mattox

2 years

Do NOT be a bull or a bear. Try and get the trend right.We are in a short term uptrend running into resistance and a declining 200dma. When we close above the 30 week ma for 2 weeks and the 30 week is greater than the 40 week ma, the narrative changes. I am a seller here.

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Roy Mattox

2 years

Tactics: You should have a list of 5-10 names that you buy in case the market crashes in times like this. You could use the indexes to do that and then wait for the leadership to emerge. Do your weekend study and always be prepared to allocate capital in a crash. I am.

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@RoyLMattox

Roy Mattox

2 years

Why Market Timing and Side-Stepping Bear Markets Matter! Most great traders and investors do not ride it out in Bear Markets. They raise cash and avoid "most" of the deluge and fight to live another day. Don't listen to the traditional, Ole Wall language of "It will come back".

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Roy Mattox

2 years

It is absurd to think you can change your financial life in a year but it is quite possible you can in 5 years in the stock market. Keep it in perspective. It is possible to take $10k to a Million in 5 years from a bear market low on margin with a few of True Market Leaders.

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Roy Mattox

2 years

Patience here prevails. Getting close. Need to have the capitulation, panic, anger, regret. Should happen in July-Oct. Get this right and you go from coach to first class. Don't take a single day off here. Be aware. The next 90 days can make your next 5 years. I am all over it.

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@RoyLMattox

Roy Mattox

1 year

2023 is going to be an inflection year. The market is going to bottom and there is going to be life changing opportunities. The cream should rise to the top. Forget about Apple, Tesla, and FAANG stocks.

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Roy Mattox

1 year

Don't give up. 2023-2024 could be one of the best bull markets of all time once we bottom. It's coming. All this pain of 2022 can evaporate quickly in the next bull market. Triple digit returns coming from the panic bear market low. Count on it.

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Roy Mattox

2 years

25 years ago I had a mentor that told me, " Work like no-one else will for 3 years and then you can live like no-one else can for the rest of your life". All you gotta do is put in those 3 years and sacrifice everything. That sacrifice can cost you everything short term though.

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@RoyLMattox

Roy Mattox

2 years

I absolutely think aapl, googl, amzn, tsla, msft and consequently the qqq go much lower from here before the bear market is over. Targets aapl 105, googl 90, amzn 85, tsla 152, msft 209, and qqq 200-230.

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Roy Mattox

2 years

Biotechs may lead the next bull market! My screens showed several dozen up on big volume. The leading groups coming out of a bear market will show themselves as they rally the most off the lows. I have 30 biotechs doing that on Friday. Focus here. Do homework here.

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Roy Mattox

4 months

I am devoting the weekend studying the past models of past true market leaders over the past 50 years. IBD had a great 70 page model book years ago and is a great reference. Ross Haber from TraderLion also offers an annual Model Book. I did in fact have a 10 bagger in Yahoo and

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Roy Mattox

2 years

There is a 94% inverse relationship with the US Dollar and the S&P 500. There is a 95% inverse relationship with WTI (oil) and the US Dollar, a 98% inverse relationship with Gold and the US Dollar. Get the US Dollar right and rates right and you get the stock market right .

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@RoyLMattox

Roy Mattox

3 years

Risk Management and Rules This is the rule I have learned and developed from over 3 decades from my personal trading account. Rules! At a 3% drawdown, get off of margin At a 5% drawdown, sell 50% of holdings At a 7% drawdown, sell 75% of holdings At a 10% drawdown, go to cash

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Roy Mattox

1 year

I am looking at the IPO market over the past 3 years to see which of these stocks are moving from stage one to stage 2 and buyable bases. Some of the next great winners might be from onon, you, uber, dash, abnb,four, bros, etc. More to come on this.

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Roy Mattox

2 years

Coming out of a Bear market, you want to find 10 stocks that can double. They will be making new highs. If you want triple digit returns it will not be from the crap, it will be from the new themes and stocks making a all time high. I own several of them.

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Roy Mattox

1 year

Wes is at the hospital and his lovely wife Liska is in labor. It is great to be a grandfather. This is better than nailing the bear market bottom!

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Roy Mattox

1 year

Print this out and put it on your wall. This is what a bear market looks like and the turn. That has been a brutal 2 years. Now get aggressive. I am. You will be surprised at your results a year from now. Triple digit year, here you come! Buy the pullbacks and increase exposure

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Roy Mattox

2 years

Downside targets may be 10,435 on the Nasdaq and 3405 on the S&P 500. This may happen with a quick panic plunge or a painful,grinding move lower until September. Just survive. Triple digit returns are around the corner after this. Been here, done that. Not predicting anything.

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Roy Mattox

8 months

The 10 year bond interest rate hit a 16 year high today. It's simple but tough. When this rate hits it's high, the market will be bottom. If today was the high in this rate, the market bottomed today. If this rate goes to 5% or higher, then more pain will ensue. That 5% rate is a

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Roy Mattox

1 year

In my view, today's action was extremely important. It leads me to believe along with the improving breadth indicators that the worst of this bear market is over. They can pullback but the lows are in for msft, googl, meta, aapl, nvda, tsla, amzn, and nflx for this bear market.

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Roy Mattox

2 years

Tomorrow, we are coming off the sideline and adding exposure. Ideally, we get a follow through day, but there are enough conditions that are favorable to dip your toe in. If last Thursday was the market low, we want to be 100% invested in the next 3 weeks.

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Roy Mattox

2 years

This Bear Market needs more time, more panic, more give up, and more pain before it is over. It has been painful but not enough people in fetal position. My "tummy" indicator not flashing a buy yet. That's when investors are curled up in the corner in the fetal position.

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Roy Mattox

5 months

$Nvda is our top pick for 2024 and we raised our account positions to 7.5% from 5% today. Based on our 2024 market outlook and the powerful earnings visibility, it would not be surprising to see $Nvda trade above $1000. As a true market leader, it is useless and amateurish to

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Roy Mattox

11 months

Let me be 100% clear without any confusion. Focus on stocks making 52 week highs here ( within 15% of 52 wk highs) or at all time highs. That screen gets rid of 85% of all stocks and narrows it down to potential true market leaders. Your job is to look at everything under a

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Roy Mattox

4 months

We are selling our entire QQQ position here realizing a 18.6% profit from a purchase on the Follow through day in November. That raises our cash position to approximately 20%. We own 14 stocks now,all at a profit, and are continuing to narrow our focus as we plow through

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Roy Mattox

4 months

I believe we are in store for a 2024 that many pundits are not expecting. In my view, the party is just starting and it is not frothy. There will be ebbs and flows but the breakout in the IBD 50 Index suggests Canslim stocks are right on the launching pad. This is being

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Roy Mattox

2 years

My wish list: S&P comes in to 3900 in the next 6-8 weeks; that will be the retest. You will have 5-7 days to put on your positions; It will look dire, but that will set the stage for the powerful blast off. Sept-Oct has many precedents and the seasonal cycles suggest a bottom.

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Roy Mattox

2 years

When you get the market environment right and the stocks right, you can have a triple digit year. It is coming. Just don't force it. A pullback here sets the stage for many stocks that may set up in their bases. Focus on the RS leaders. Focus on solar and biotech.

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Roy Mattox

2 years

Pay attention tomorrow to stocks that are up in a down market. We don't want a distribution day tomorrow on higher volume. Watch to see where institutions go tomorrow and especially up on volume. Look for decoupling in identifying leaders.

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Roy Mattox

1 year

We are carefully evaluating many IPO's who have come public the past few years and have had a large pullback . Potential leaders are abnb, uber, onon, bros, four, tost, gtlb, mbly, crdo, inta, dash, snow, you, and others

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Roy Mattox

2 years

All we need is panic and capitulation to set up the next Bull Market. It's coming. Wait on it.

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Roy Mattox

2 years

Wes and I believe the next true market leaders will primarily come from ipo's that are profitable but have gotten clobbered in the bear market. I will discuss our view with Richard Moglen on Sunday. This is where the triple digit stocks will come from. Tune in.

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Roy Mattox

2 years

Just a piece of advice I have found useful over the past 35 years. When the turmoil and noise reverberates like today like an earthquake, change your charts to weekly and monthly and filter out the noise. Use the 50 month moving average to see potential downside levels.

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Roy Mattox

6 months

Just for transparency, I am personally 150% long in mostly 10% positions in $anet, $dkng, $duol, $estc, $ethe, $gbtc, $lly, $mdb, $meli, $mstr, $nvda, $olli, $pdd, $pins, $pltr, $shop, $spot, $tna, $uber, and $vrt. Additional names that look great are $smci, $adbe, $msft, $meta,

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Roy Mattox

1 year

I am looking for a 5.8% pullback in the next 10 days. That suggests a 340 target on the correction from this 370 level. We are a buyer on this pullback. The QQQ are 11.6% above the 50 day ma. Look for a reversal tomorrow or the day afterwards and then you add exposure on the

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Roy Mattox

1 year

These stocks are looking like potential new leaders. We aren't in them but we will imminently.

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Roy Mattox

2 years

Potential Leaders

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Roy Mattox

1 year

Let me share a secret with you regarding accomplished stock trader returns. It's Pareto's Principle. 80% of gains come from 20% of their trades. Most of the time you are waiting buying time until you figure out the 20% the time to press the pedal to the metal. Most of the time

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Roy Mattox

1 year

All you need to know here. The two most troublesome headwinds for the market. The US Dollar and the 10 year yield. Both breaking downtrends last week which are not positive for the equity market. These are the 2 most influencers in the market right now. Watch this.

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Roy Mattox

8 months

Bottoms form on bad news. The Nonfarm payroll numbers were much higher than expected last Friday but nevertheless the Nasdaq posted a legitimate and valid O'Neil follow through day. And then the surprising attack against Israel by Hamas over the weekend provided a gap down on the

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Roy Mattox

2 years

There is going to a time coming where I say buy, buy, buy. Get in! You are missing it! It's just not now.

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Roy Mattox

2 years

Watch biotech closely here for leadership once this sell-off and bear market bottoms. I am looking for a multi-year move of 8 quarters or 94 weeks for a new true market leader to present itself and provide exceptional performance. Focus on biotechs making 52 wk highs.

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Roy Mattox

11 months

My 10/300 indicator buy signal on an individual stock is when a stock propels itself higher by 10% in price and volume is 300% higher than the average 50day volume. Many of these catapult higher such as the leaders in 2020 .........fsly, zm, docu, pton, tdoc, lvgo, afrm, upst. I

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Roy Mattox

2 years

The next True Market Leaders on the next bull market will NOT be Msft, Goog, Aapl, Nflx, Meta, Tsla, or Amzn. I do favor some IPO's over the past 2 years as they set up and new ones that come next year. Definitely focus on triple digit numbers which are scarce.

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Roy Mattox

3 years

I have been in this business for over 3 decades and I am telling you Richard Moglen of TraderLion is the current day Jack Schwager of Market Wizards. I know nothing about TraderLion but I do know Richard is blazing his own trail. Sorta like Dale Carnegie. Pay attention.

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Roy Mattox

2 years

Apple goes to 107 ish and Tsla goes to 155 ish. That's the bottom in the Nasdaq. At the same time the other FAANG stocks will be getting crushed. That is the perfect scenario to put in the real bottom in the Bear Market.

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Roy Mattox

2 years

China is one of my favorite groups. I think it will lead out of this bear market. It is the only country whose central bank is easing now.

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Roy Mattox

2 years

I Expect the market to make a new low and get clobbered from here; however, discipline dictates we try to identify the leaders. Wes and I are 22% invested long based on our last market signal. Market action will dictate where we go from here. Be flexible and not dogmatic.

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Roy Mattox

2 years

I have been doing this 34 years and learn every single day. You never conquer; you only build your frame of reference. When you think you know it all, the market is going to humble you. Respect risk. I also am getting ready for the next bull market. Bring it on.

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Roy Mattox

1 year

Banks started the earnings season today with a thud as earnings were disappointing. They just were not good and guidance was not good. You can spin it anyway you want. But the stocks did not crumble and they should have. This is a change in character.

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Roy Mattox

1 year

January 12 is when the Walter Deemer Buy Signal occurred. That is logical support on a pullback. Support is 3900 on the SP and 11,000 on the Nasdaq.. It is useful to study all the past 25 signals since 1944. A scary short term pullback is a buying opportunity since the buy

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Roy Mattox

1 year

Keep this in your back pocket. When you see Wes and I go to a 50% invested position, you should consider be 100% long and concentrated in 4-5 names. We just are not willing to take that risk on for clients. When we are 100% long, be assured I will be 200% long personally.

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Roy Mattox

1 year

If this market gets pummeled and the S&P 500 goes to 3000 in the next 90-120 days, the market will be in a free fall. No one will know who the next leaders will be for 4-6 weeks off the climatic bottom. If that scenario unfolds, the first thing to do is buy the SPY or SSO.

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Roy Mattox

2 years

@markminervini @RyanPierpont Let me say succinctly, I would not have achieved a 214% return in 2022 without the principles I have learned from Mark Minervini's books that crystallized all the great traders I have studied the past 35 years. And I have studied them all. Master Trader Program Attendee.

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Roy Mattox

1 year

Walter Deemer Breadth Indicator. The last time this flashed was 4/6/ 2020.

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Roy Mattox

2 years

I have never seen so many stocks in one industry up 10% in price with volume up more than 300% than today. This is the holy grail! I will get significantly longer here if there is follow through. Many times you need some perceived catalyst by Wall Street. This is a catalyst.

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Roy Mattox

2 years

Market bottoms in bear markets take many twists and turns and fake outs. It is extremely volatile at market bottoms. It is almost impossible to make money as the swings can chop you up and spit you out. I am waiting for a trend change to start really allocating money.

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Roy Mattox

1 year

If you have developed your strategy based on Darvas, Livermore, O'Neil, Loeb, Minervini as I have over the past 3 decades, nothing yet is showing me absolute clarity. So, I am throwing some fishing line out to judge the temperature and seeing if I hook a few. Feedback.

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Roy Mattox

2 years

I think poorly of high tech "quality" big cap stocks. Those are done. Break the habit. Forget about those . There will be a next group of true market leaders. Don't be misled by those folks on CNBC talking about free cash flow. They are the false prophets.

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Roy Mattox

7 months

Apple is down about 3.39% aftermarket and will put a bit of a headwind tomorrow on the open. This might give you a good entry point in your watchlist. Tomorrow is important. The "REACTION" to the Non farm payrolls report is most important. If we shake off the Apple muted report

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Roy Mattox

1 year

We are going to find a handful of stocks that go up multiples from here. Don't force it. After the worst bear market in 15 years, there will be stocks that go up many fold. It's okay to miss the first move off the bottom to get the next double. That is what RS teaches.

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Roy Mattox

1 year

My intention on twitter is to provide you with my view and stock setups and share more importantly my losses. You will not find Wes or myself bragging about triple digit winners. You only learn from your losses and mistakes. If you do it right, the profits will take of themselves

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Roy Mattox

2 years

I had lunch today with a very experienced and talented colleague and he remarked, "We are in inning one and the batter just called time out." You haven't missed anything yet. This is the bottoming process in bear markets. We just need more time.

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Roy Mattox

2 years

Solar stocks shls, arry, enph and fslr have our undivided attention currently. This is setting up as a leading group. Monitoring and watching .

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Roy Mattox

2 years

90% cash...looking to buy a capitulation.....If we get this right, it will be life changing.....be patient......the panic is coming...

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Roy Mattox

2 years

I want to buy. Can't wait to buy. Want the low to be in and go 200% long. Just don't see it yet. Would not be long or short here! No edge short term. Take the week off and go on vacation. Come back next Sunday where I will have updated information from the TraderLion Conference.

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Roy Mattox

11 months

I met Bill O'Neil and David Ryan in 1988. I have the first addition autographed by both of them at that time. I have learned a lot over the past 3 decades. I believe in the process and believe in the most important tenets of CANSLIM. No style works 100% of the time. There are

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Roy Mattox

2 years

Potential Leaders

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Roy Mattox

1 year

One of the most devastating bear markets of all time as it has been estimated that $18 trillion dollars has been lost. This debacle will set the stage for the next bull market where fortunes will be made. We are in the later stages of this bear market worst since 2008 in 14 years

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Roy Mattox

1 year

It is obvious this has been the worst bear market in 20 years by observing the Net New High list. This is setting up for a brand new bull market where you go from Coach to First Class or First Class to Private Jet. Survive this today to Thrive tomorrow. This Bear market is on

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Roy Mattox

1 year

I have practiced CANSLIM over 35 years; concentration is important. Today after 3 decades I keep my individual positions at at max 10-20%. Work the math. How much are you willing to lose with a 50% loss overnight in a worst case scenario. CRDO is an example. Stay in the game.

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Roy Mattox

2 years

I have a long term capital rule: If you close 2 consecutive weeks below the 30 week ma in the Nasdaq significant damage has already occurred and you must go to cash in growth stocks. Tomorrow may be week 1. The next few weeks might be extreme.

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Roy Mattox

1 year

In our view, the market is being held back by the rise in interest rates. In a transition from a bear market to a bull market, there will be stocks that respond great to their earnings report. Those are what to buy especially on a pullback. We want to buy fslr, axon, algm, fslr,

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Roy Mattox

2 years

We are extremely oversold on the averages according to the McClellan Oscillator. We should bounce starting Monday if we don't crash. If we bounce, the setup is to short; it is not the beginning of a new bull market uptrend. With that being said, maybe take the week off next week.

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Roy Mattox

2 years

When Leif Soreide won the US Investing Championship in 2019, he did so by excelling in the second half of the year. You can make your entire year in the last quarter in 2022 especially if we have another leg down.

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Roy Mattox

2 years

We are 11% long now based on our interpretation of the market events and dynamics. Dipping our toe in. We bought the best 5 growth stocks on our screens and the S&P500 index. Stops in.

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Roy Mattox

1 year

If you have had a bad run and you are desperate and you are in the fetal position, I am reaching out to you. The next bull market may be showing you the green If shoots that lead to your recovery and your lifeline. Don't give up! If you are still in the game, you have survived.

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Roy Mattox

2 years

The New High List is where I am going everyday. This is where the next True Market Leaders will show up. Believe me, there will be a dozen or so stocks that go up 2-3x in 18 months when this sell off concludes.

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Roy Mattox

1 year

Wes and I will be publishing our best Top 20 setups tomorrow. There will be several of them that go up multi fold over the next 12 months. Some will be busts, but there will be a handful if you manage properly can lead to tremendous gains and generate triple digit performance.

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Roy Mattox

1 year

We added 4 stocks today, 1% positions. Dipping our toe in to see if we can get traction. Watch List is $aehr, $acls, $meli, $pi, $peri, $four, $flnc, $bvhn, $onon. Our goal is to have 10% in each stock. We are going to incrementally work our way into them when we find them.

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Roy Mattox

1 year

Wes and I have zero conviction here. That is why we are 100% in Tbills and cash. We will incrementally add on a market melt down or if the market improves and setups emerge. Right now, we have zero edge. We just don't want to lose money here. That's it. Watching and waiting.

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Roy Mattox

2 years

What makes me think we have not seen the lows yet is I have not heard the outcry of woulda, shoulda, coulda. I have not seen the true panic, get me out, I don't care how attractive the market is, etc. Get me out! In my experience, when that happens you are close. Not yet.

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Roy Mattox

8 months

Very poor action today and we remain in cash. It's really a no win situation for market participants here. The door is open for a whoosh but we are very oversold and can have a sharp 2-3 day bounce at any time. The market is in a correction/downtrend. Without a follow through

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@RoyLMattox

Roy Mattox

2 years

From experience it will be difficult to buy when the market is crashing and yields go to 5%. I will and am going to pull the trigger. That's what I get paid for. Waiting on it to make life changing results. Not yet.

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@RoyLMattox

Roy Mattox

2 years

On a market pullback, wait until you take the prior day high. Don't buy lower thinking the low is in. Wait for a reveral. This is especially important on a pullback. This reduces your risk on a trade.

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@RoyLMattox

Roy Mattox

8 months

Classic, Powerful, Follow through day. We moved off the sidelines into a 40% invested position in $pdd, $vrt, $qqq, $meta, $nvda, $lly, and $nvda. More to come this weekend but this feels like a runaway train is leaving the station rally that works. We also like $estc, $ntnx,

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@RoyLMattox

Roy Mattox

1 year

One stock can change your life. We are looking for that one stock in the current bear market. That one stock can change everything.

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@RoyLMattox

Roy Mattox

2 years

I do not think this is the beginning of a new bull market.I can't find the setups. Only 9 stocks in the entire stock market with triple digit earnings growth and triple digit revenue growth, with an EPS rank above 70, a RS rank above 85, A/D ranking A or B, above $15 in price.

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@RoyLMattox

Roy Mattox

2 years

Stay engaged. Don't lose alot here ! For me, I am just biding my time for me personally and my clients. I am waiting for the fat pitch and am not willing to take a big risk with my client's money here. 10% long. When I am 100% long you will know it. I have no conviction, yet.

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@RoyLMattox

Roy Mattox

2 years

The big life changing money is going to be from taking positions from the bottom of the bear market and concentrating and riding them out for 8 13 week earnings cycles. This is earnings cycle ONE. We have months on the runway to go.

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@RoyLMattox

Roy Mattox

2 years

We still believe this rally is a countertrend rally in a bear market but are willing to play it at the right price with the right stocks but the ultimate low is considerably lower; we have not seen the bear market low yet in the Nasdaq.

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@RoyLMattox

Roy Mattox

2 years

50%/80% Rule from Minervini...The probability is that 50% of the True Market Leaders will correct 80% (IBD stats are 72%) while 80% of the True Market Leaders correct 50%. Take a look at the 50 month ma..Once these TML's break the 10 month ma, they go to 50 month. Study them.

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@RoyLMattox

Roy Mattox

1 year

Let's face it. The action in the market today is abysmal. Particularly important is that we took out last Wednesday's low when the market reacted with a powerful one day blast. Very poor action indeed. We reduced our exposure significantly and are about 90% back in cash.

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@RoyLMattox

Roy Mattox

2 years

We are long 2% positions in the following stocks. We have about 30 stocks we are monitoring that are under consideration for purchase if they set up but this is a start. We also plan on pressing these if they follow through. We are risking 1.6% to make 20%.

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@RoyLMattox

Roy Mattox

10 months

This is the most important chart in the market. Everybody is aware of it. Tomorrow's close is paramount. It is 1.9% below the 10 week ma. It needs to close above the 10 week ma tomorrow; otherwise many stops will be hit including yours truly. We are up about 17% here but are

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