Trading U.K stock market using Mark Minervini strategy

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14th Dec '18 by unwise2

1516 comments 108972 reads

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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About the Author

Unwise2

Premium Member

1516 comments

peterclothier

26th Apr '19

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 :-(

llwydiaid

26th Apr '19

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.

nick2529

28th Apr '19

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

dmjram

29th Apr '19

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

fwyburd

29th Apr '19

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

nick2529

29th Apr '19

Thanks very much

Lana Raja

29th Apr '19

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.

llwydiaid

30th Apr '19

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.

nicobos

30th Apr '19

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...

ISAallowance

10th May '19

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

nicobos

14th May '19

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?

unwise2

15th May '19

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)

Albertos

15th May '19

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

nicobos

15th May '19

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 !

llwydiaid

17th May '19

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.

fwyburd

17th May '19

Re Craneware (LON:CRW)
I think this has still got a way to go before the setup is confirmed as the 200MA is still above the 50 and 100. Nevertheless, it's worth watching for that point to arrive in the next few weeks.
cheers
Francis

llwydiaid

18th May '19

Re Craneware (LON:CRW)
When you get longer term consolidations (>6 months), you often see breakouts with the 50MA still below 200MA. Games Workshop (LON:GAW) is a good example, do you buy the early April breakout or wait for the one last week?

JohnEustace

18th May '19

Minervini followers may be interested in a podcast of an interview that he did for Investors Business Daily this week covering the US market.
Search your preferred podcast app or player for "Stock Market Wizard Mark Minervini On Finding Alpha". It's part of the Investing With IBD series, dated 16 May 2019.

llwydiaid

19th May '19

Each weekend on Sharescope, I filter the UK's largest 1000 shares meeting Minervini's Trend Template (pg 79 first book, excepting criteria 8). You see from the chart below that it has been downhill from about 12 months ago, but has picked up over the past couple of months. Of the 100 shares that currently meet the criteria (10% of cohort), around half of them are illiquid small stocks with spreads of <2%.

Nick Ray

19th May '19

FTAS over the same time period. Note the similarity. In effect you are "sampling" the market's performance.

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Trading U.K stock market using Mark Minervini strategy

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Unwise2

1516 comments

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