Trading U.K stock market using Mark Minervini strategy

Friday, Dec 14 2018 by
46

Mark has been interviewed by Stocko a couple of times and from some of the comments on various threads there appears to be a few of us using his methods to trade the U.K stock market. I thought it would be useful to have a dedicated thread where we can discuss how well its working.

Personally I have been in cash at least 50% since the end of May and at 95-100% since early October. Getting out of stocks as they roll over has protected me from any real damage.

I'm struggling to find many setups I want to buy so I am developing my "sit out power"

How is everyone else doing?



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399 Posts on this Thread show/hide all

Glorenfeld 15th Mar 380 of 399

Augean (LON:AUG) has just broken out if a high tight flag/power play. Still got the tax issue in play, but chart trumps all when it comes to power play, right?

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unwise2 15th Mar 381 of 399

In reply to post #458438

You would have to stretch the rules to make it a power play as it has taken well over three (or 5 depending on where you measure 50p) months to double. The recent pullback is tight though. Personally I haven't traded Augean (LON:AUG) because of the risk of the tax issue potentially causing a large gap down unexpectedly.

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unwise2 18th Mar 382 of 399
1

5c8f6e9d92057Chart-d4t4-solutions-182201

D4T4 broke out of a classic looking VCP on Friday with more than double average (50d) volume and is having another good day.

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dmjram 18th Mar 383 of 399
1

In reply to post #458943

Looked at that too but as is all too common on UK small caps, the spread was way too wide for a risk limited stop at the level I like to set.

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psin 18th Mar 384 of 399

In reply to post #458943

unwise2,
having just increased my holding I was about to call people's attention to D4T4 when I saw that you'd beaten me to it. Nice one. The diminishing volume prior to big rises is classic MM. He'd probably be thinking about buying about now.

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mrosbiston 18th Mar 385 of 399
1

In reply to post #457573

sold out of YETI into the close on friday - fill was 29.60 (entry was 24.52)
This might have a way to run, but i've been selling into strength in 2019 (my post trade analysis has told me this has been the right thing for me - that might change)

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llwydiaid 18th Mar 386 of 399

I notice that most contributors here use screens based mainly on fundamental measures and then look at the charts. I do it the other way round, scanning the top 1000 UK stocks on Sharescope with a filter based on Minervini's Trend Template (pg 79 first book) then checking out fundamnetals on Stocko. Out of 1000 stocks, over 200 passed the filter at the end of last May, but the number decreased down to 35 at its low point in October/December. The number picked up in February, from 50 to the current 73. Around half ot these have spreads of >2% which I tend to avoid, thus leaving around 30, and most of these are now too extended. I keep a weekly chart of the number in Excel, but it doesn't just "cut and paste" into this box!

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stock_Hunter 18th Mar 387 of 399
1

AJ Bell(308) - Looks like good breakout ?

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unwise2 18th Mar 388 of 399
1

In reply to post #459148

I pointed out AJ Bell (LON:AJB) in post 365, it is a breakout and it might do well but it's not one I have bought.

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herbie47 18th Mar 389 of 399

Keystone Law (LON:KEYS) has broken out today up 5.6%.

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peterclothier 19th Mar 390 of 399
1

In reply to post #459138

@llwydiaid I do something similar, using the trend template plus two lower fundamental screens so as to not constrain things to much. ROCE of >15% and trailing EPS of >15%.. It still produces only 25 stocks in the UK.

MM treats his trend template as non negotiable, so it makes sense to start with that as a filter.

The fundamental side can be more flexible. On O'Neil's Marketsmith they talk about 7/10 for screens as being acceptable if the technicals are right.

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llwydiaid 19th Mar 391 of 399

Microfocus (MCRO) meets the trend template rules and looks as if it's about to go higher before next week's AGM. Fundamentals also look good according to Stocko algorithms.

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unwise2 19th Mar 392 of 399
1

In reply to post #459138

scanning the top 1000 UK stocks on Sharescope with a filter based on Minervini's Trend Template

Does Sharescope have the ability to screen for a rising 200dma ?

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peterclothier 19th Mar 393 of 399

@Unwise Has MM mentioned $IAC and one of it's investments $MTCH out of interest? They both appear to be in cup and handle patterns, although IAC's handle top is level with it's highs.

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llwydiaid 19th Mar 394 of 399
1

In reply to post #459553

Yes, you can screen for rising moving averages in Sharescope. In the Data mining function you can set up a filter for the % change in moving average between two dates and set this at >0%.

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unwise2 Wed 8:35am 395 of 399
3

In reply to post #459618

I don't recall IAC/MTCH being mentioned recently, the handles look too deep at this stage.

Would prefer stocks on this discussion are U.K only, someone else could start a U.S MM discussion if they like.

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herbie47 Thu 11:36am 396 of 399
2

In reply to post #458943

£D4T4 has fallen back 2 days running.

Gamma Communications (LON:GAMA) has broken out, now 1000p, this would have been a good one to buy around 900p which would have been a new high, unfortunately not on my radar so I missed it.

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unwise2 Thu 12:21pm 397 of 399
1

In reply to post #460428

I saw Gamma Communications (LON:GAMA) but it never really calmed down, 70p intraday swings were happening in the handle, too volatile for me in the current market.

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unwise2 8:58am 398 of 399
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5c99e9a1510edChart-ab-dynamics-2622019.p

Ab Dynamics (LON:ABDP) is typical of the sentiment of the U.K market currently and for the past few months, I bought it on a "cheat" when it broke through 1550p on 23.03.19. It took 8 weeks to reach 1925p and only 2 days to fall from 1875p all the way back to 1551p. I sold half around 1850p and intended to keep the rest for a while, since it's (quickly) fallen all the way back to my buy point I have sold out.

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fwyburd 39 mins ago 399 of 399

Is Scientific Digital Imaging (LON:SDI) getting close to a Minervini breakout? The SP is near all time highs, it's pulled back 6% in the last few days, the 50MA is above the 100MA although the 200MA is still just above the 100MA. This looks close to reversing in the next few days. Thoughts anyone?
Cheers
Francis

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