The market closed slightly higher by 8 points as it continued to move sideways. Hopefully, we breakout of this sideways movement when third quarter earnings reports come out by early November. Technicals still haven't changed so don't expect much from the market.
AP continued to decline today losing 1.44% closing at 27.45. I am expecting it to decline further on Tuesday's session. If it does decline, it should provide a buying window.
DMC looks like its momentum has slowed down, gaining 2.28% today with relatively low volume. Technicals are still not showing any signs of weakness so there could still be more room to the upside.
The "laggard" companies from COL's briefing are one of the best performers in today's session as AGI played catch up, gaining a total of 4.42% after the briefing, closing at 11.34. MPI gained a hefty 4.38% today closing at 4.29 also breaking out of its ascending triangle pattern, gaining a total of 6.87%. DMC gained a total of 6.32% while ICT gained a total of 3.47% closing at 43. Looks like DMC is the fastest horse among them. Let's see how they perform next week!
Finally finished my back-testing on the first part of my trading system. Looks like I still need to refine it further as it only performed 70% during bull market. One thing I observe about it seem like susceptible to whipsaws so I need to add another filter to minimize whipsaws.
AP is currently up by 5.09% in seven trading days.
DMC is currently up by 5.25% in four trading days.
*Earnings report where are you~
