He is following charts from book "Rule#1" by Phil Town. So he basically reviews stocks MACD, Stochastics and Moving Average charts. Theses charts show when a stock is overbought or oversold. So when charts say a stock is oversold, he buys and he sells when the chart shows that the stock is overbought. Although he keeps some stocks for dividends earnings.
This week he purchased:
DIS at $95.90, PM at $99.71, LUV at $35.50 and BMY at $63.20
He sold:
FIT - He bought it at $12.15 and sold at $15.57, earning 28% in 1.5 months.
His watch list for upcoming week:
LYB, PPG, VMC, CCI, EXP
Thanks for reading and please share your opinion.