Copy These Ideas and Make Money Right Now

By reading this article you are holding an up-to-date watchlist with buying prices, profit targets, and stop-losses so you can copy the explicit ideas and start making money right now which means that you can spend more time doing whatever you want.

When it comes to investing, timing can be everything. I’ve scoured the market for companies that are not just surviving the fluctuating market but are also at compelling buying points. Here’s a look at five companies that might just make the savvy shopper in your grin.

Core & Main (cnm): A Robust Contender

• Maximum Buying Price: $58.40
• Ideal Position Size: 5% of your portfolio
• Stop-Loss: $55.89

Core & Main, a standout in its field, is under heavy accumulation by top market players. Its last base, a cup with handle, is a strong indicator of stability with a mere 17% depth. And the stock is outperforming 97% of its peers! What’s not to like about that? But wait, there’s more. The next earnings date is comfortably over a month away, reducing short-term risk. So, is it the right time to buy? Definitely, especially with a stop-loss not too far below your entry point.

SPX Technologies (spxc): Quietly Confident

• Maximum Buying Price: $122.63
• Ideal Position Size: 5% of your portfolio
• Stop-Loss: $116.67

SPX Technologies is another gem with a strong upward trajectory, thanks to its solid base and minimal selling pressure. With an industry rank of 30 out of 197 and a recent base indicating potential, it’s a tempting option. But, the earnings and sales growth aren’t quite up to par with CAN SLIM criteria. Is this a deal-breaker? Not necessarily, if you’re willing to take a calculated risk after the next earnings release.

JP Morgan Chase (jpm): The Steady Hand

• Maximum Buying Price: $194.00
• Ideal Position Size: 8% of your portfolio
• Stop-Loss: $188.62

And last but not least, JP Morgan Chase, a titan in its domain, has shown incredible stability. The stock recently emerged from a cup base with minimal depth—a positive sign. It also has the support of the EMA-21 and SMA-50 lines. But with a neutral RS trend, should you tread carefully? Absolutely, yet the firm’s proven track record and recent stability could justify a slightly larger position.

GENERAL stock REQUIREMENTS

Choosing the right stocks isn’t a game of chance; it’s a deliberate strategy. This time, with a plethora of options at my fingertips, I could afford to be pickier. So, what were the non-negotiables?

First off, industry leadership was paramount. I zeroed in on stocks from the top echelons—specifically, the TOP 10 out of 197 industries. Why? Because these represent the crème de la crème, the TOP 5% leading the charge. It’s not just about being good; it’s about being outstanding.

Next, the foundation matters. I looked for stocks with base depths signaling strength without overextension—ideally, between 10-20%, stretching up to 35% for those in a cup pattern. It’s a balance between stability and potential, ensuring our picks have solid ground beneath them.

Moreover, the up/down ratio needed to be above 1.0, a clear indicator of upward momentum. Similarly, the trend in institutional ownership couldn’t just be stable; it had to be climbing. These are the signs that savvy investors are not just watching but actively betting on these stocks.

The RS line and rating were the final seals of approval. An uptrend in the RS line and a rating of at least 85 out of 100 ensures we’re backing winners, not just participants.

By setting these stringent criteria, we’re not casting a wide net; we’re spearfishing for the best. In a sea of choices, we’re not looking for just any fish; we’re after the prize catches that promise not just to survive but to thrive.

details at a glance

Core & Main (CNM)

• Next EPS Date: 4 June
• Industry Rank: 8/197
• Stage: 2
• Base Type: Cup with handle
• Base Depth, %: 17
• Up/Down Ratio: 1.9
• EPS Trend: Neutral
• RS Rating: 97
• RS Trend: Up
• Institutional Ownership Trend: Up
• Pros:
  1. Stock is under accumulation by institutions and by the overall market.
  2. The last price base was a cup with handle with a depth of just 17%. Anything below 35% depth is good. 17% is a very strong sign.
  3. Earnings date is more than a month away at the time of this writing. This gives enough room to build profit with relatively low volatility.
  4. The stock is outperforming 97% of the stocks in the market.
  5. The stock is in a leading industry (industry rank 8/197). Anything in the TOP 10 is very good.
• Cons:
  1. The price of the stock has come far from the last base—it has almost doubled. This increases the risk of a correction.
  2. Earnings and sales growth don’t fit the CAN SLIM criteria. This means that fundamentals should be better.
• Comments: Taking a 5% position close to the EMA-21 line and placing the stop-loss 3 to 5% below the purchasing price would make sense. Since the price trend is not old and the stock is under accumulation, it seems that there is room for the upside.
• CAN SLIM/SEPA Comments: This is not a CAN SLIM stock and it is not breaking out of a base right now. This means there might be some additional risks.
• Maximum Position Size of a Portfolio, %: 5
• Maximum Favorable Buying Price: $58.40
• Stop-loss: $55.89
• Position Risk, %: 4.30

SPX Technologies (SPXC)

• Next EPS Date: 2 May
• Industry Rank: 30/197
• Stage: 2
• Base Type: Cup with handle
• Base Depth, %: 17
• Up/Down Ratio: 1.5
• EPS Trend: Neutral
• RS Rating: 94
• RS Trend: Up
• Institutional Ownership Trend: Neutral
• Pros:
  1. Stock is outperforming 94% of the overall market.
  2. The last price base (cup with handle) had low depth which indicates small selling pressure. This in turn indicates good potential for the upside.
• Cons:
  1. Earnings and sales growth don’t fit the CAN SLIM criteria. Fundamentals should be stronger.
  2. The last price base was a long time ago. The stock is not breaking out of the base right now.
  3. Industry rank is 30/197. It’s not bad but it would be much better if it was in TOP 20.
  4. Institutions don’t seem to be that interested in the stock right now – ownership trend is neutral.
• Comments: Taking a small position (5% or less) AFTER THE EARNINGS RELEASE would make sense. This, of course, means that conditions need to remain favorable.
• CAN SLIM/SEPA Comments: This is not a CAN SLIM stock and it is not breaking out of a base right now. This means there might be some additional risks.
• Maximum Position Size of a Portfolio, %: 5
• Maximum Favorable Buying Price: $122.63
• Stop-loss: $116.67
• Position Risk, %: 4.86

JP Morgan Chase (JPM)

• Next EPS Date: NA
• Industry Rank: 25/197
• Stage: 1
• Base Type: Cup
• Base Depth, %: 15
• Up/Down Ratio: 1.6
• EPS Trend: Up
• RS Rating: 88
• RS Trend: Neutral
• Institutional Ownership Trend: Neutral
• Pros:
  1. The stock has stable price action. It almost always has had it.
  2. Such a big company outperforms 88% of the market – that is a good sign of stability.
  3. Earnings have just been released, so this volatility is also out of the way for a while.
  4. The last base was a cup pattern with the depth of 15%. Anything under 35% is very good – there seems to be no selling pressure right now.
  5. The stock price is at the EMA-21 line and the SMA-50 line is also close. This means that right now is probably a good time to place a low risk trade.
• Cons:
  1. RS trend should be stronger. Right now it’s neutral.
  2. It would be better if institutions were more interested in the stock.
  3. Industry rank is 25 out of 197 – it would be better if it was in the TOP 20.
  4. EPS and sales growth don’t fit the CAN SLIM criteria. Fundamentals should be stronger.
• Comments: Taking a 5 to 8% position and placing a stop-loss below the EMA-21 or SMA-50 line would make sense.
• CAN SLIM/SEPA Comments: This is not a CAN SLIM stock right now, and it’s not breaking out of a base. But the brand is old and stock has been stable for years.
• Maximum Position Size of a Portfolio, %: 8
• Maximum Favorable Buying Price: $194.00
• Stop-loss: $188.62
• Position Risk, %: 2.77

Alkami Technology (alkt)

• Stock: ALKT
• Company Name: Alkami Technology
• Next EPS Date: NA
• Industry Rank (X/197): 48
• Stage (1-4): 2
• Base Type: Consolidation
• Base Depth, %: 15
• Up/Down Ratio: 0.8
• EPS Trend: Up
• RS Rating: 93
• RS Trend: Up
• Institutional Ownership Trend: Up
• Pros:
  1. Strong stock with good fundamentals.
  2. Earnings and sales are growing rapidly.
  3. Price has recently broken out of the base following an earnings release.
  4. Price is currently in the buy zone.
  5. The stock is under institutional accumulation.
• Cons:
  1. Volume Up/Down ratio is 0.8, indicating recent distribution, adding some risk.
  2. Industry rank is 48/197, which is not in the top tier (TOP 10 or TOP 20), indicating a weaker industry position.
• Comments: It would make sense to take up to a 5% position with a reasonable stop-loss.
• Additional Comments: This is a CAN SLIM stock in its buying zone.
• Maximum Position Size of a Portfolio, %: 5
• Maximum Favorable Buying Price: $26.75
• Stop-loss: $25.29
• Profit Target: $31.13
• Position Risk, %: 5.46

Texas Roadhouse (txrh)

• Stock: TXRH
• Company Name: Texas Roadhouse
• Next EPS Date: NA
• Industry Rank (X/197): 6
• Stage (1-4): 2
• Base Type: Flat base
• Base Depth, %: 7
• Up/Down Ratio: 1.3
• EPS Trend: Up
• RS Rating: 92
• RS Trend: Up
• Institutional Ownership Trend: Neutral
• Pros:
  1. The stock is currently in the buy zone.
  2. High industry rank indicates peer support for price advancement.
  3. Recent base depth was low, indicating strong price support.
  4. Company has just released its earnings, mitigating associated risks.
• Cons:
  1. Although it’s in the buy zone, the stock does not meet CAN SLIM criteria as sales growth is insufficient.
• Comments: Taking up to a 10% position with a stop-loss approximately 6% below the purchase price is advisable.
• Additional Comments: Strong stock, but not a CAN SLIM stock; it’s in the buy zone where purchasing is feasible right now.
• Maximum Position Size of a Portfolio, %: 10
• Maximum Favorable Buying Price: $158.00
• Stop-loss: $148.25
• Profit Target: $187.25
• Position Risk, %: 6.17

TERMS AND DEFINITIONS

EMA 21 Calculates the 21-period exponential moving average, highlighting short-term trends.

SMA 50 Averages the price over 50 periods, showing medium-term trends without overemphasizing recent data.

SMA 200 Averages the price over 200 periods, revealing long-term trends by treating all data equally.

Industry Rank Investor’s Business Daily’s system that ranks industries 1 to 197 based on performance. It guides us in CAN SLIM TRADING towards leading sectors.

U/D Ratio Measures stocks closing up versus down. A ratio above 1.0 indicates bullish sentiment, important in CAN SLIM TRADING.

RS Rating Ranks a stock’s performance on a 1 to 99 scale. I look for at least 85, showing strong momentum and growth potential.

RS Line Compares stock price to the market, plotted as a ratio. We seek an uptrend, indicating outperformance and strong momentum.

Volatility Measures how much a security’s price fluctuates over time. High volatility means large price changes, indicating risk and potential reward.

Institutional Ownership Trend indicates whether the stock is under accumulation or distribution by the institutions.

EPS (Earnings Per Share): A financial metric calculated by dividing a company’s net profit by the number of its outstanding shares. It indicates the amount of profit attributed to each share of stock, serving as a key indicator of a company’s profitability.

stages of the bases

STAGE 1: BASING OR BOTTOMING STAGE

Definition: A period following a stock’s decline where it starts moving sideways, forming a base. This stage signifies the easing of downward pressure and the beginning of stabilization, indicating that the stock is not in an uptrend yet but is preparing for potential future growth.

STAGE 2: ADVANCING OR UPTREND STAGE

Definition: The phase in which a stock breaks out of its base on significant volume, indicating a strong buying interest and the initiation of a new uptrend. This stage is considered the most opportune time for investors to purchase the stock, as it is expected to achieve substantial gains.

STAGE 3: TOP OR PEAKING STAGE

Definition: A stage characterized by the stock beginning to exhibit signs of losing momentum after its upward movement. The stock may start to move sideways with increased volatility compared to Stage 1. This suggests the stock might be reaching its peak, and the existing uptrend could be weakening.

STAGE 4: DECLINING OR DOWNTREND STAGE

Definition: This final stage occurs when the stock breaks down from its Stage 3 pattern and enters into a downtrend, marked by a sequence of lower lows and lower highs. It signifies that selling pressure has surpassed buying interest, usually serving as a signal for investors to sell the stock to mitigate further losses.

Locking in Your Strategy

Now that we’ve gone through the details, you might wonder, what’s the catch? There’s always a bit of risk when entering the market, especially when picking your moments for companies like these. But with tight stop-losses and strategic position sizing, you could navigate these waters more safely.

What’s coming up next? Stick around as we dive deeper into market trends and other investment opportunities that might catch your eye. After all, why not let your money work as hard as you do?