Trading U.K stock market using Mark Minervini strategy

Friday, Dec 14 2018 by
49

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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As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


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511 Posts on this Thread show/hide all

unwise2 24th Apr 472 of 511
1
5cc03821708c1Chart-ei-2432019.png

EI (LON:EIG) has formed a cup and handle over the past 3 months and looks like it is breaking out on lower than average volume. Earnings growth is low but last trading update was upbeat.

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Edward John Canham 24th Apr 473 of 511

Haven't seen a mention of Games Workshop (LON:GAW) (I hold). Don't know much M. stuff but currently looks like a break-out to me.

Be interested in your comments either way. I'm going to hold no matter but I'm beginning to get into the TA stuff.

Phil

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unwise2 25th Apr 474 of 511
1

In reply to post #471431

The base Games Workshop (LON:GAW) created was under the 200dma for a long time. It did break out of the 2750-3250p trading range but I don't consider it a typical MM setup. The chart now looks like a large cup.

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Ramridge 25th Apr 475 of 511
5

Guys -
MM tweeted the following last week.

@markminervini
Apr 17
More
Sold most of my stocks - nailed down profits into strength - stopped on my losers - very light exposure - only a small handful of longs and one short remain in my account.

He is expecting a general pullback before a bullish push ahead.

This is of course his take on the US stock market, but my experience says the same is probably true for  the UK. So I am still deep in cash waiting for better MM set-ups to emerge.

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FREng 26th Apr 476 of 511
1

Mission Marketing (LON:TMMG) seems to be a continuing momentum trade. I bought a few recently at 76p. It has a PE below 10 and a covered dividend. Views welcomed.

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peterclothier 26th Apr 477 of 511
1

In reply to post #471906


IntegraFin Holdings (LON:IHP) looks like a cup and handle base since IPO, above handle and just below 52 week highs now. Last year their interims were on 18th May.

£TM17 Could be in the beginnings of a handle in the last couple of weeks for a post IPO base.

dotDigital (LON:DOTD) at the top end of a range it has been in for 2 years, with improving fundamentals during that time. The last swing was still double digit % (for VCP)

Templeton Emerging Markets Investment Trust (LON:TEM) emerging markets fund looks like a cup and handle, cleared the handle in March.

Games Workshop (LON:GAW) left behind by the speed of the move :-(

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llwydiaid 26th Apr 478 of 511

Games Workshop (LON:GAW) I drew attention to this on 8th April (post 456), having bought some on 5th April. Not text book Minervini but the long consolidation had led to the flattening of the 200d MA. My biggest winner for a long time and still holding. The question is when to sell especially as it's now in all time high territory.

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nick2529 28th Apr 479 of 511

Hi, a question for the group. Does Mark use Simple or Exponential moving averages for SEPA. I see SMA on the charts in his books but someone told me that it should be EMA. Can anyone clear this up for me.

thanks

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dmjram 29th Apr 480 of 511

In reply to post #472326

He uses the simple moving average on his charts, though he's said it doesn't really matter which one is used.

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fwyburd 29th Apr 481 of 511
4

I mentioned Scientific Digital Imaging (LON:SDI) a few weeks ago as I could see that the 100MDA would soon move above the 200MDA which it seems to have done today. Could this now indicate a sharp move up? Thoughts welcome.
cheers
Francis

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nick2529 29th Apr 482 of 511

In reply to post #472401

Thanks very much

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Lana Raja 29th Apr 483 of 511
1

In reply to post #472456

There is always a trading update around this time of the year - it was the end of April in 2018 but during May in the three previous years.

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llwydiaid 30th Apr 484 of 511
2

Knights Group (LON:KGH) - Knight's Group - a stock that's just appeared in my Minervini Trend Template scan. Following it's initial Interims in January it went up over 50%, has been consolidating since and is now nudging above it's rising 50dMA. The fundamentals look good although the Stockranks are low (because it's a new issue?) and the investor presentations on their website tell an interesting story.

5cc805fe54898KGH.png


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nicobos 30th Apr 485 of 511
1

A.G.Barr (LON:BAG) has formed a nice VCP pattern and broken out today on slightly elevated volume. One that may work with a relatively tight stop...

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ISAallowance 10th May 486 of 511
1

T Clarke (LON:CTO) just tickling 52 wk high at the moment after a good AGM trading update. Any further and I would consider it a breakout. I already hold on value grounds, may consider a trading position if it moves up 1 or 2p more on volume.

5cd56c55768afScreenshot_2019-05-10_T_CLA


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nicobos 14th May 487 of 511
2

Greggs (LON:GRG) breaks out again after forming a short base since the last trading update with vegan sausage rolls continuing their run. Showing great strength.

A.G.Barr (LON:BAG) nearing all time high again after a pull back on low volume. EI (LON:EIG) moving up nicely after trading update this morning and increased share buy-back. Fell a bit after weak trading announced from another pubco last week.

Sorry - would post the charts if I could work out how !

Any others setting up or on peoples' radars?

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unwise2 15th May 488 of 511
3

I am still very lightly invested in stocks, my main trading account is approx 95% cash. Only a handful of stocks have broken out of bases in a decisive manner with limited pullbacks over the past few months. I personally think we have been in a "hard penny" enviroment for nearly a year. 

There are some stocks possibly setting up but I remain cautious for now.

Stocks I'm watching include: Thruvision (LON:THRU), Frontier IP (LON:FIPP), Stock Spirits (LON:STCK), Ilika (LON:IKA), Impax Asset Management (LON:IPX), Boohoo (LON:BOO), InterContinental Hotels (LON:IHG), Bloomsbury Publishing (LON:BMY), IG Design (LON:IGR), Greencore (LON:GNC), Intermediate Capital (LON:ICP)

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Edward John Canham 15th May 489 of 511
2

Games Workshop (LON:GAW) formed a new base at £40 currently on the rise from there.

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nicobos 15th May 490 of 511
3

In reply to post #476611

Thanks unwise - will take a look at those.

Auto Trader (LON:AUTO) has today broken out again on some nice volume after a short consolidation, bouncing off the 20 MA.

Definitely one of my better trades as it popped out of a healthy base a couple of months ago. A nice example of a VCP pattern from Oct '18- Feb'19 with the chart tightening up / volatility contracting and volumes declining through Feb until the breakout.

Yes, Games Workshop (LON:GAW) has shown some good strength after results and now back at ath - bodes well !

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llwydiaid Fri 12:14pm 491 of 511

Craneware (LON:CRW) Cranware. Lovely chart - 8 month consolidation with ever tightening swings. Looks like it's beginning a move, with Stocko quality rating of 99.

5cde977ef0514CRW.png


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