Hello traders, 

Preferred trade direction still remained on the Short side for me. This was also confirmed by CUE finder... More breakouts on the short side and more GWF on the short side. 

CUE Insight gave me UIHC.OQ as a Worst performing and over valued Stock. 

I looked into the chart and liked the setup for a breakout trade. 

I looked at the One Month Sector performance and found out that the sector has lost more in the past 5D than it had gained in past 10D or 30D. However, this sector has been on the positive on 10d and 1m. 

Looking into detailed sector performance also shows it is a weak sector.

The industry for the particular stock has been in a weak position since the last M3. 

CUE vitals showed that it is an overvalued stock. Thus a trade candidate. 

On the charts, Weakly is reversing from trendline, Daily shows clear breakout with a signal candle, enough volume and the jump and thrust indicators are also looking in favor of shorting it.
On daily we have Lower-Highs. Will it make profit? We will see. 
Insight.jpgChart Breakout.jpg  One month overview.jpg industry is weak.jpg        Sector consistently weak.jpg  Vitals Trade Candidate.jpg
For my short-term or swing trading, the typical holding period is in the range of 5-7 trading days.

I am not using the one-month sector performance to make those trading decisions. Though it is useful, it (sector) is too broad and it (one month) is too wide.

I prefer to use the industry level to make a trading decision. 

As my holding period is 5-7 days, I tend to make the decision not based on a 5-day score (of industry), but a 1-day score. I may look at it over 5-day, 2-day, 1-day. But may not decide on the 5-day score only. And I look at the score (strength) as well as Pace (acceleration).

My way of using the sector-industry scorecard is not necessarily a formula for everyone.

Different traders may use the scorecard differently based on what works for them best.

This trade is also a pay day today for me. I close it.
This $UIHC trade is another example of what I mentioned in yesterday's YouTube live session.

CUE 360 trades tend not to hit stop easily.

And it is also an example of a mature trader booking profit at a pre-planned level.

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

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