This past week I made some deletions to the Speculative Portfolio. These were not all out sells to dump stocks. I watch to see if the stock is trading below its 20, 50 and 100 day moving averages and if it has dropped 10% off its recent high. Another indicator is the 50-100 Day MACD Oscillator.
I watch and evaluate each stock on an individual basis. I come back in when I think market conditions are right for upside potential. Usually that is when at least 50% of all the stocks in the Barchar database are trading above their 20 and 50 day moving averages.
As I am writing this article only 15.45% are above their 20 DMA and only 12.44% are above their 50 DMA.