TODAY'S HOT SHOT & COLD SHOT LISTS:
AUGUST 31, 2016
PLEASE CLICK HERE FOR THE COLD SHOTS LIST (PART 2)
Originally for just GDXJ, the new Hot Shot updates show the underlying strength, or lack of it, in the individual components of GDXJ, GLDX, & SIL, which thus shows the overall condition of the indexes.
Stocks that are in hot shots mode, are stocks that are either in a momentum-based uptrend, or displaying internal strength that suggest they are about to enter a momentum-based uptrend.
Component stocks that I take off the Hot Shots mode list, and put in the Cold Shots list, are stocks where the uptrend has either stalled or are displaying internal weakness that suggests their uptrend is about to stall.
I run a double-smoothed filter on all the stocks each evening, and the current hot shot list is emailed every night.