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David Ryan Profile
David Ryan

@dryan310

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3 time U.S Investing Champion 1985,86,87, Portfolio Mgr New USA Growth Fund 1993-98, Wm O'Neil & Co. 1982-98, Ryan Cap Hedge Fund Mgr 1998-2014 ideas ≠ advice

Malibu, CA
Joined February 2009
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@dryan310
David Ryan
1 year
Here is the tribute I gave about Bill O’Neil on IBD Live this morning. He will be missed.
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@dryan310
David Ryan
2 years
The rally from 6/17 looks to be nearing the end. Today the market moved into 9 months of overhead supply and just above the the last rally high at S&P 500 4117. The reversal from the early morning strength is negative. Take profits and raise cash.
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@dryan310
David Ryan
3 years
Use this rally to sell any tech stock that has dropped more than 50% from its high. It could take years for them to come back, if they do come back. The market's rally since Thursday is likely over and could be going back to the lows. Stay with cyclicals, oil, defense and gold.
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@dryan310
David Ryan
2 years
Bear markets usually have 3 moves down. If a 3rd leg is underway and based on the previous legs, it could bring the major averages down to these levels: SPY 354, QQQ 240, and the NASDQ Composite 9850. Stay defensive with lots of cash.
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@dryan310
David Ryan
2 years
Tradable bottom is likely in. Most indexes pulled back to pre-Covid highs. Near term positives should include: GOP majority in Congress, weaker dollar, slowing inflation, and interest rate stability. Target is the 200 day moving average. Mid-cap stocks staring to lead.
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@dryan310
David Ryan
2 years
Rally since the October lows has indexes above or close to their 200 day ma’s. Time to take profits. QQQ has lagged badly and will continue do so. Expect a S&P 500 range of 4100 to 3400 next year, so there is limited upside. Stock selection will be key to outperform in 2023.
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David Ryan
1 year
The QQQ has seen it’s high for the year on 7/19/23. NVDA’s earnings mark the final move in tech. Raise cash and get defensive.
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@dryan310
David Ryan
2 years
Tradable rally underway with interest rates and dollar dropping. This is not a new bull market, but another rally that could take the SPY back to 410. Industrials, resource names should lead.
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@dryan310
David Ryan
11 months
Markets are very over sold and has hit at least a short term bottom. If your time frame is short enough, you can trade this market. I still believe the QQQ’s will not see new highs this year, as I mentioned late August.
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@dryan310
David Ryan
2 years
SPY surpassed my 1/6/23 target of 410 and is now running into overhead supply from last year. With lots of momentum and liquidity, SPY should have a new trading range between 390 and 431. Stay flexible moving money from extended stocks to names just breaking out.
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@dryan310
David Ryan
3 years
The best of the rally is behind us. I would use this opportunity to sell any stocks you are holding with losses. Repeating what I have said for the last year, stay with the cyclicals and metals.
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@dryan310
David Ryan
10 months
The QQQ reversal yesterday and the continuation today is telling that the best of the rally is over. Time to take profits and reduce your invested position.
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@dryan310
David Ryan
3 years
With Friday's reversal, there could be a rally back up to the 200 day on the QQQ's and 50 day on the SPY. I would use this to sell any stock you let losses get too large. Many stocks with big declines will have to base for months before staging more than a short term rally.
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@dryan310
David Ryan
2 years
SPY closed Friday below my trading range low of 390. Even with a large gap up on tomorrow’s opening, wait for volatility to subside over the next few weeks and for leading stocks to base before initiating any new positions.
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@dryan310
David Ryan
1 year
The market has settled down now two weeks after the SVB collapse. Look for the market to rally, but the SPY must first get above 400 and its downtrend line. This should be treated as another rally in this on going trading range. Top of the range should be 420 to 430.
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@dryan310
David Ryan
1 year
SPY failed to surpass the 2/2/23 high and is now rolling over. Look for another move back to the lower end of this trading range that has existed since June 2022. QQQ has been the stronger index, but that also, could drop 10-15% from here.
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@dryan310
David Ryan
1 year
How will this rally end, which I missed, but was going through the loss of my own dad at 99 and Bill O’Neil three weeks before? It should end with 2 to 3 week climatic moves of 30%, which might be starting now, in the key tech stocks that have led: META and NVDA.
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@dryan310
David Ryan
2 years
With the 50 day moving averages broken on the major indexes, the next stop down are their 2/24 lows. I expect this fast two day drop to be followed by a grinding, torturous decline with weak rallies that shouldn’t be traded. The goal is to loss a little as possible.
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@dryan310
David Ryan
2 years
Seeing signs this downtrend is about over. This could be tradable for those fast enough. It will probably be another two to three week rally like we saw in March. There is lots of overhead supply and moving averages in downtrends that will be hard to get through.
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@dryan310
David Ryan
2 years
Another weak rally attempt underway with little group and individual stock leadership. Should last the typical 2 to 3 weeks unless new names start making price moves that follow through on volume. Continue to hold a large cash position.
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@dryan310
David Ryan
7 months
SMCI has all the signs of a climatic top: Yesterday the largest price move on biggest volume, three gaps in a row. Last to occur, should be a higher opening closing lower. This could mark a top in this sector.
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@dryan310
David Ryan
3 months
Cracks developing in technology stocks. Combine that with many extended in price, calls for profit taking in that area. There is a rotation into more conservative areas like medical, energy and infrastructure. It is also an environment to buy pullbacks and not highs.
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@dryan310
David Ryan
2 years
If the major market indexes break below their 50 day moving averages, then we will make a trip back to the lows. With rising interest rates overhanging the market, any minor rally should be used to further cut back exposure.
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@dryan310
David Ryan
2 years
The 6/12/22 targets I tweeted for QQQ and SPY are getting very close to being hit. From there a tradable rally could get underway. Even if this is a low, you should get a retest in 6 to 8 weeks. Volatility will reign.
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@dryan310
David Ryan
3 years
I continue to buy only pullbacks in strong groups, while avoiding just about every breakout which are not following through. Stick to the leading groups like oils, steels, financials, agriculture and retailers. Still staying away from most technology stocks.
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@dryan310
David Ryan
3 years
With the major indexes back at their 2/24/22 lows, I would be looking look for a turn here and a tradable rally. Be careful, the longer term trend is still down and any rally might not last longer than a couple weeks. News events will also add to the volatility of such a move.
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@dryan310
David Ryan
4 months
If you are holding too many technology stocks, consider names in other groups: AGI, NVO, GNRC, KKR and GE.
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@dryan310
David Ryan
3 years
From my last tweet the QQQ's hit my target and SPY's got close. We are now on our way back to the lows on the QQQ's. The SPY's will hold up better with more cyclical names. Cyclicals are the place to be invested. Study the big winners from 1970's and most are from that sector.
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@dryan310
David Ryan
3 years
The market seems to have lost its mojo. There is enough stimulus money to keep the market afloat, but not to continue a lot higher. Leadership changes day to day. Keep lots of cash and wait for the right setup. Be much more selective in what you trade.
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@dryan310
David Ryan
3 years
I continue to cut back my exposure with over 50% cash. Group leadership has narrowed and changes day to day, few breakouts follow through, and it is harder making progress in the last 5 weeks. I also want to preserve the gains I had in the first four months of the year.
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@dryan310
David Ryan
11 months
Weak rally so far, but up 3 days in a row is a positive. If volume doesn’t pick up and rally stalls then look for the downtrend to continue. My son Sean and I will be on the Blue Sky6 Investing Event this Sat. Here is the link
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@dryan310
David Ryan
4 years
This market rally won't end soon as long as the government keeps sending out money. You just have to be fast enough to stay ahead of the rotation from group to group and from one fast horse to an even faster horse!
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@dryan310
David Ryan
3 years
The uptrend in the major averages have been masking the weakness in a majority of stocks over the last month. They might start to catch up on the downside. Be careful of having too much exposure, especially when gains have been hard to achieve.
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@dryan310
David Ryan
4 years
I would sell this rally in the QQQ's. Most names in this index will underperform in the intermediate time frame. The "economy opening plays" have also gone too far. Stay with infrastructure, cyclicals and commodities.
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@dryan310
David Ryan
3 years
Distribution continues in the major averages. SPY down 8 of the last 10 days, some on increased volume. It is now below the 50 day MA. Be careful, but also know this weakness has been bought 8 times in the last year. Does this market have 9 lives?🐈‍⬛
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@dryan310
David Ryan
2 months
Just recorded an Investor's Business Daily podcast with Justin Nielsen that you can access from this link. I cover the general market and the weakness developing in the "FANG" stocks. I also suggest groups that are just emerging.
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@dryan310
David Ryan
4 years
Climatic moves in leading stocks combined with increased volatility, is a classic sign of a top. It is time to pair way back. You don't want to be the last one out the door when the selling really starts.
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@dryan310
David Ryan
4 years
Rotation continues out of many growth names and into cyclicals, banks, and agriculture groups. I would be careful owning anything that is up more than 3 times in the last 10 months and that includes lots of technology stocks.
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@dryan310
David Ryan
3 years
SPY trying to break downtrend line since 11/22. If it holds, it could have a year end rally. Short term swing trades are best in this market. With damage to technology stocks, it looks like the market is rotating into less volatile areas like: housing, super markets, REITS.
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@dryan310
David Ryan
3 years
Little to add from my tweet a month ago. I have little exposure to stocks. Won't buy until I see the proper setups. Could be another 2 day drop that has occurred every 3 to 4 weeks. The difference now is fewer stocks in strong uptrends. Still favor buying pullbacks to breakouts.
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@dryan310
David Ryan
4 years
Too much of everything in this market: extended stocks, climatic runs, speculation and money. Time to be cautious and not aggressive. When I can't find quality stocks setting up, I hold a lot more cash.
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@dryan310
David Ryan
4 years
It continues to be a "stock pickers paradise." It is a matter of just staying on the best stocks, taking partial profits when they get extended, and moving the money to a fresh horse just coming out of the gate. Sell any lagging stock and move the money to stronger names.
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@dryan310
David Ryan
4 years
Value stocks have outperformed growth over the past two weeks. Growth investors, don't be tempted to change your style. For value and low relative strength stocks might work in the short term, but the bigger gains are made in the leading growth stocks over the long term.
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@dryan310
David Ryan
3 years
I presented this on IBD Live Jan 4th to show the impact of increasing rates on the 10 Year Note from 1/25/21 to 3/4/21. The QQQ's lost 7.3%, 3X Tech (TECL) lost 17% and 3X Financials (FAS) gained 27%. Rates moving higher this year are starting to produce similar results.
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@dryan310
David Ryan
4 years
The rollover in tech and QQQ's continues. I would sell many of those names on any two-day rally. Cyclicals, infrastructure, commodities and the "economy opening plays" should be fine with more stimulus on the way.
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@dryan310
David Ryan
5 years
For 9 years the market has trained everyone to buy pullbacks. The goal is not to buy the exact low, but the follow through. The right time to buy can be many weeks after the market's low when proper bases have been built. So stay patient, key on those resisting the decline.
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@dryan310
David Ryan
4 years
No change to my Sep 2nd tweet. Continue to hold lots of cash. There are few set ups and too many variables to take much risk. Markets might be now be anticipating a Trump defeat.
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@dryan310
David Ryan
3 years
Even with poor advance/decline numbers lately, the fed/gov push of money into the economy, keeps the markets moving higher. Increased exposure over the past few weeks. Areas turning after drifting for months are housing, financials, and metals/mining.
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@dryan310
David Ryan
3 years
Short term rally looks to be starting in a number of beaten down tech stocks. Many have dropped to their 200 day moving averages. Trade them if you want, but I am staying away from them for the most part. Examples include: TWLO, SHOP, TTD, CRSP, TWST, Z.
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@dryan310
David Ryan
4 years
Anything can happen the first week of the new year. You have extended leadership, very positive sentiment with an election on Tue vs. lots of liquidity and more going out. Should result in a wide trading range where stock selection and risk management will be vital.
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@dryan310
David Ryan
4 years
Its never good that Gold stocks are the #1 ranked group in Marketsmith and with only 14% of NYSE stocks above their 200 day MA's, the market is vulnerable to retrace up to 1/2 or more of its recent move. Hold only those stocks above their 200 day MA's that are in uptrends.
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@dryan310
David Ryan
4 years
Growth stocks underperformance started with TSLA's reversal on 7/13. Recently, other growth stocks have started to break MA's. Longer term bases in the sector have to be built after their big run. Money is rotating into cyclical groups and those helped if Covid-19 starts to fall.
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David Ryan
4 years
I always put great importance on the market's top names. With TSLA's 7/13/20 reversal on huge volume, that could be the caution flag for leading stocks. Many are extended and need longer bases. There's still lots of liquidity, but large, quick gains might be harder to come by.
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@dryan310
David Ryan
4 years
Reiterating what I talked about on IBD Live this morning, there has been a big shift from last year's growth leaders and into cyclicals. Most cyclical stocks haven't made a move since 2007! With so much liquidity sloshing around they could have big moves.
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@dryan310
David Ryan
4 years
There are thousands of stocks going nowhere and about 75 that are on fire. It continues to be a stock pickers paradise. Continue to use pullbacks like the 9% two day drop last week in LULU or the 5 day 16% decline in LVGO on 5/4 to buy into leading stocks.
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@dryan310
David Ryan
4 years
The current market environment is teriffic for active managers, but many leading stocks are extended. Look for spots to buy on pullbacks. Leaders sometimes give you many chances to get aboard during the course of an intermediate or long term move.
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@dryan310
David Ryan
4 years
Careful in high growth stocks. Relative strength lines in some of those names either did not confirm recents highs or have fallen off quickly. $VRTX $AMD $TEAM Time to be cautious and raise some cash. Keep your stronger names and sell the laggards.
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@dryan310
David Ryan
5 years
With less than 10% of NYSE stocks above their 50 Day MA's most uptrends are gone. It will take weeks to set up proper bases to buy. If you day or swing trade, good luck. If you buy for longer term moves, have patience and wait like a batter waits for the right pitch to hit.
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David Ryan
5 years
In a correction or bear market, I estimate a possible bottom. SPY 233 (- 33% from the top) would undercut the last major low. This is where you might initiate buys in leading stocks resisting the decline. The next bottom should take months and not be a "V" like the last 9 yrs.
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@dryan310
David Ryan
5 years
Not much to add to last week's tweet. With a selling discipline, you should have a tremendous amount of cash, waiting to buy stocks with the right characteristics. Unless you day trade, continue to be patient. It could be weeks, if not months, before there are set ups to buy.
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@dryan310
David Ryan
5 years
After a long run with climatic moves and the volatility picks up, I always raise cash and hedge. Wait for proper bases to set up. Stay disciplined! Proverbs 5:23 He will die for the lack of discipline. Led astray by his own great folly.
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@dryan310
David Ryan
4 years
Passive management might have ended with Covid-19. In the past week, the market has really separated out the winners. There are still lots of choppy and sloppy bases that have to tighten up, but there are some that have already broken out. Long live active management!
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@dryan310
David Ryan
2 months
@markminervini @tryan310 If heavyweights in boxing have a belt when they are champions. Why can't U.S. Investing Champions have a belt? @NormZada Mark Minervini has one, I have one. Maybe this belt could inspire you to better trading.
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@dryan310
David Ryan
4 years
@TMLTrader I would be careful on $DXCM. It doubled from 200 and did get "ants," but "ants" also show up in a climatic moves. It has also had poor volume since 5/12 and a 47% increase on Friday's reversal to the downside. RS line is lagging. The C&H formation is very questionable.
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@dryan310
David Ryan
5 years
Seeing liquidity drying up with adv dcl lines about to break. Among the blowout earnings of some stocks, don't lose sight that the overall market is looking a little vulnerable. The Dow and Russell have now been under the 21 Expo Mov Avg for the longest time since Oct 11, 2019
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David Ryan
5 years
After a long rally, stocks just going into new high ground are late probably laggards. Check their RS Lines to see if they are anywhere close to highs. Ask the question what took them so long to move. Leaders break to highs before the market turns and 3 to 4 weeks after.
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David Ryan
5 years
When you run out of stocks that are set up to buy like we did last week, that is a great indication the move is over. Still like Gold breaking out and Housing on the pullback.
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@dryan310
David Ryan
5 years
With lots of headline risk, it's best to sit and wait for the right setups to emerge. This will take time. There was some large volume on the downside during the last 7 days. Of the major indexes, all but the QQQ's are living below the 21 day ma. DIA and IWM now below the 50 day.
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David Ryan
5 years
There are a number of nice looking setups in the Housing group. Many have made some steady moves over the past 6 weeks. Good to balance a portfolio with a few less volatile stocks against a large weighting of technology.
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David Ryan
4 years
@markminervini And only about a handful of those books are worth the shelf space! Where is the greatest book of wisdom on the markets, the Bible? That should be first one on your shelf, even better, it should be open and on your desk!
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@dryan310
David Ryan
5 years
TSLA after a climatic run from 300 to 968 has been wedging up over the past 5 days. It looks like it is about to take another leg down. Next stop should be around 685 then 660.
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David Ryan
5 years
On my weekend review, many extended stocks and very few set ups. Time to review your portfolio and kick out lagging stocks and tighten up those that are very extended. A few ETF's look good: ITB, IAU and EWA.
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@dryan310
David Ryan
5 years
TSLA just reverse on the largest hourly volume since the start of its move from mid-December. The angle of its accent, in the last few days has been straight up. For those long, it is probably the place to take some profits.
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@dryan310
David Ryan
5 years
The ETF I am involved with, EASI Tactical Growth updates its names once a month and did so this morning. This is a good source of individual ideas. EASI broke into new highs 4 weeks ago, a lot sooner than other growth ETF's. Find the portfolio at:
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@dryan310
David Ryan
5 years
Yes, Sean did it all on his own. He never asked me about what stocks to buy or even has access to Mark's site. He found his own setups and traded them for short term moves. He learned from all his mistakes which we all have to do.
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@dryan310
David Ryan
5 years
I would also keep an eye on GLD, IAU and UGLD as they are forming, not perfect, but decent 4 month cup with handle patterns.
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@dryan310
David Ryan
5 years
Housing stocks continue to be one of the strongest groups with many in their first few weeks out of long bases.
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@dryan310
David Ryan
5 years
@Upticken Jim with all the damage done to so many stocks, it will take a lot longer than you seem to think for them to set up and come back. With so many buying pullbacks for so long, I believe the market reverts back to 6 to 8 week rounded bases.
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@dryan310
David Ryan
5 years
@speculativedeal Nicolas, Phil 4:6-7. This is great passage to remember in times of trouble. "Be anxious for nothing, but in everything by prayer and supplication with thanksgiving let your requests be know to God. And the peace of God which surpasses all underst will guard your hearts and mind.
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@dryan310
David Ryan
5 years
@SSalim0002 Shahid, I just don't start buying because my target has been hit. I wait to see if it starts to get support and closes back above 233. When I do start to buy, I start very small and add only when I have gains. Some I will trade and others will hold long term.
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@dryan310
David Ryan
6 years
Check out what EASI has done since October 17th and how the rest of the market has performed!
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@dryan310
David Ryan
5 years
@markminervini @sleeepyinvestor Sean did it all on his own. He is not a Private Access Client nor did he ever ask me what I was buying. He took short term technical set ups and just traded them.
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@dryan310
David Ryan
5 years
@k1billion @KGD_Investor The leaders move before the market turns off a correction and for next three or four weeks. The longer it takes a stock to move into new highs the more suspect it is.
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@dryan310
David Ryan
5 years
@goyal786_ Any stock that is more than 5% from its last base is extended.
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@dryan310
David Ryan
5 years
@speculativedeal Nicolas, I totally agree the Bible is the greatest source of wisdom that many own but never ever read. It is truth and how we are to live and the way to true life.
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@dryan310
David Ryan
5 years
@RevShark James, That is why you have to play both sides, the metal itself and the gold stocks. I've seen situations where both move and then where just one of them moves. The metal has a much better technical setup now than does the gold stocks.
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@dryan310
David Ryan
5 years
@sleeepyinvestor @markminervini Sleepytrader, Sean did it all on his own. He never asked me what to buy or what to do. He found technical setups and never bought any CAN-SLIM stocks. He also never ever looked at Mark's site. He doesn't even have access to his site. He had private access to no one!
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@dryan310
David Ryan
6 years
@markminervini I’m so glad to have that sharp shooter next to me on stage for protection if I give out the wrong investment advice at our next Master Trader Program in October!!!!
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@dryan310
David Ryan
5 years
@J44909396 Yes most of the leaders are extended and have to be bought on pullbacks or consolidations. The best stocks move early the laggards weeks after turn in the market.
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@dryan310
David Ryan
6 years
@markminervini Genesis 1:1 and Psalm 24:1
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@dryan310
David Ryan
15 years
@PCHS David we love the updates and pictures, keep them coming, say hi to Kelly and Sean for up. The Ryan's
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@dryan310
David Ryan
6 years
@markminervini Where did you get that term “Serial Gapper?” That sounds very familiar....
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@dryan310
David Ryan
6 years
@KaroMuchova7 Great win! You have the most creative, innovative game I have seen in years. All the players, especially the women, have a one dimensional baseline game - boring. You are going into the top 20 if you can keep doing what you did last night. Keep it up!
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@dryan310
David Ryan
5 years
@karomuchova7 Karolyn, great tournament! As I said last year you are on the way to the top 20! Your skill level is as good as anyone on the tour. You can do it!
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@dryan310
David Ryan
6 years
@markminervini I have got to get one of those sweaters you are wearing with all the stars! Maybe I can wear it while doing the MTP!
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