Stock Analysis and Trading insights on the IBD Accumulation list 9-12-2024

In this episode of the Stock Strategy Circle podcast, I, Painless, delve into an intriguing article from Investors Business Daily that highlights the top stocks currently being accumulated by institutions. This topic piqued my interest, especially since several of these stocks were already on my watch list and had been discussed in previous videos.

To keep things organized, I decided to go through the list in alphabetical order, analyzing each stock's chart and performance. I began with AEM (Agnico Eagle Mines Limited), noting its recent shakeout and upward trend, as well as its proximity to a five-year high. I emphasized the importance of waiting for a new high before entering a position, especially in the context of the gold mining sector, which has been performing well.

Next, I discussed Alamos Gold, which exhibited a similar pattern to AEM, suggesting it might break out soon. I then moved on to Applovin, a stock we had previously issued a trade alert on, highlighting its successful breakout after a shakeout phase.

As I continued through the list, I examined Anglo Gold and Axon Enterprises, both of which showed promising signs. I pointed out the significance of shakeouts in the trading process, explaining how they can indicate manipulation to clear out weak holders before a stock takes off.

I also reviewed Brookfield Infrastructure, which had recently broken out of a downward trend, and Berna Technologies, which displayed a long-term uptrend and a positive earnings surprise. However, I expressed some caution regarding Berna due to its volatility and past performance.

The discussion then shifted to DeVita, which had a recent breakout but showed signs of weakness afterward. I advised listeners to be cautious and wait for confirmation before entering a trade.

I analyzed several other stocks, including Hamilton Lane, HNI Corporation, and KK&R, discussing their patterns and potential for future movement. I emphasized the importance of position sizing based on volatility and risk management throughout the episode.

Towards the end, I touched on John Wiley & Sons, expressing skepticism about its chart pattern and volatility. I encouraged listeners to focus on trading easier stocks rather than getting caught up in more challenging ones.

Overall, this episode provided a comprehensive overview of various stocks being accumulated by institutions, along with insights into trading strategies, chart analysis, and risk management. I aimed to equip my listeners with the knowledge to make informed trading decisions while navigating the complexities of the stock market. Keep trading!

00:00:00 - Introduction and Overview of Institutional Accumulation
00:01:10 - Agnico Eagle Mines Limited (AEM)
00:02:45 - Alamos Gold
00:03:28 - Applovin
00:04:12 - Anglo Gold (AU)
00:04:54 - Axon Enterprises
00:06:13 - Brookfield Insurance Company
00:07:41 - Berna Technologies (B-Y-R-N)
00:09:53 - DeVita
00:10:36 - GEV
00:13:18 - Hamilton Lane Incorporated
00:14:44 - HNI Corporation
00:15:56 - KK&R
00:17:48 - Light and Wonder
00:18:30 - Newmont Corporation
00:19:45 - Radnet
00:20:29 - SLM Corporation
00:22:27 - Shark Ninja
00:23:30 - T Burtive Holdings
00:25:59 - John Wiley and Sons
00:30:43 - Conclusion and Final Thoughts

00:00:24 - "I wanted to run down their list as quickly as possible to see if there's anything going on here that might be of interest to us."

00:02:35 - "If the governments keep printing money the way they are, gold is going to go up in value like everything else."

00:04:00 - "A lot of times before a stock will take off, it will undergo a shakeout."

00:06:01 - "Shakeouts are pretty powerful. You see a stock push down through an obvious area where stop losses are going to be and then have that stock turn around the next day and recover."

00:07:29 - "Always control your position size based on risk."

00:09:31 - "These patterns here tend to be very powerful when they hold up, but something makes me uneasy about this stock."

00:11:40 - "What you want to see on your stronger stocks is when they break out, you want them to kind of hold up."

00:21:11 - "We buy smiles, sell frowns."

00:22:05 - "If you only trade the ones that you're pretty positive about, you're going to do a lot better than if you trade the ones where you're iffy about."

00:30:43 - "Just trade the easy ones, make your life easy, trade the easy ones."