We asked traders which stock was the best to follow in 2016
December 15, 2016 • Reprints
The year 2016 was filled with many market moves and surprises: Brexit, Donald Trump's win and, arguably, the Fed raising rates this December.
We reached out to our experts to ask for their opinion on what stocks or sectors they traded and followed in 2016.
We asked traders, "What has been the best stock to follow or trade for active traders this year; in terms of the most predictable or reliable from a technical trading standpoint?"
Here's what they had to say...
There are a number of stocks that I found productive this past year. I have shown a few of them in the charts below of J.P. Morgan (JPM), Comcast (CMCSA) and Fifth Third Bank (FITB).
Based on how I use what I call behavioral Japanese candle charts, I felt these stocks exhibited what I referred to as resiliency. This resiliency is demonstrated with the shadows on the lows and
For full disclosure, I own the stocks and I am not suggesting that anyone should purchase these stocks. I am merely showing the stocks as an indicator of what was interesting to me over this past year from the method that I use to analyze a candle chart.
Dan Gramza is President of Gramza Capital Management Inc. and DMG Advisors, LLC. He provides daily market updates from around the globe on subjects ranging from the Nasdaq and currencies to crude oil and grains at dangramza.com.
Al Brooks @AlBrooksPA
For day traders, the XIV and VXX have had excellent price action and reliable patterns. In addition, they are very popular and therefore have excellent volume. Even on quiet days, five-minute bars usually have hundreds f thousands of shares. As a result, slippage is not a problem.
Al Brooks, M.D., is