Glossary and Definitions
GLOSSARY / DEFINITIONS
Meets our buy criteria at current price.
NOTE: We suggest DO NOT buy (chase) a stock more than about 1% (2% max) above the proper buy-point. With thinner traded names that are prone to slippage - you may want to use a Buy-Limit Order to avoid a significant move following a break-out of a stock more than that 2% threshold.
Meets criteria to increase the size of an existing position by the amount indicated.
Set Buy Stop!
A specific price level at which a stock meetsour buy criteria. DO NOT CHEAT! We suggest DO NOT buy the stock early - as it does not meet our criteria UNTIL it prints at the posted price.
Added to Watch List
Stocks in line with our stringent requirements for potential stock market leaders. However, a specific buy price or pivot point for purchase has not yet been established. Once on alert status, we are looking for a low risk entry point from this list.
NOTE: The Watch List is valid for only the week it is posted. It is refreshed every week. If a name qualifies again for the Watch List the next week, it will posted again during that week. The list is typically posted after the opening bell each morning - or throughout the trading day as identified.
Breakout Alert is a notification highlighting that a stock has broken out of a base or above a pivot point or may be about to breakout. This is NOT an official trade recommendation unless a "Buy Now / Set Buy Stop" is posted with it.
SELL NOW! (Reduce)
Stock meets our sell criteria. The long position should be closed now.
If "Reduce Position" is posted - then reduce the size of an existing position by the amount indicated (i.e. Half, Quarter) at the current price.
Set Stop Loss
Maximum risk suggested based on our criteria.
Stock is displaying characteristics that could cause us to consider selling in the near term. This is comparable to a yellow flag or warning as to the price action in the stock. Sell Alert should raise your awareness for specific sell signals. You should raise your stop and be prepared to exit the position when an outright sell recommendation is posted.
Sell Short Now!
Meets our short sale criteria at current price.
Short Sale Alert
Stock satisfies all of our criteria for a short sale except for a specific price point for entry. Short Sale Alert is essentially our watch list; however, we are looking for a low risk entry point before we look to Sell Short the stock at a specific price point.
Buy to Cover Now!
Stock meets our buy to cover criteria. The short position should be closed now.
PullBack Buy Triggered
PullBack Buy Triggered is an alert that a stock has moved past an entry point using the PullBack Buy technique criteria. This is NOT an official trade recommendation unless a "Buy Now / Set Buy Stop" is posted with it.
Day Order Only
Ranking or post is good only until the end of the current trading day (regular trading hours).
Good Till Cancel
Ranking stands until further notice. A “Good Till Cancel” remains an active ranking until it is canceled.