Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.
| Date | Sym | L/S | Close | MA(200) | Vol MA(100) | Reason |
| 20080328 | GPS |  |
19.52 | 19.00 | 10243124 | 1 |
| 20080328 | NITE | |
15.98 | 14.63 | 2192549 | 1 |
1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.
Happy Trading!
Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.
| Date | Sym | L/S | Close | MA(200) | Vol MA(100) | Reason |
1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.
Happy Trading!
Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.
| Date | Sym | L/S | Close | MA(200) | Vol MA(100) | Reason |
| 20080326 | OMI | |
40.64 | 39.79 | 387128 | 1, 4 |
1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.
Happy Trading!
Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.
| Date | Sym | L/S | Close | MA(200) | Vol MA(100) | Reason |
1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.
Happy Trading!
The DOW is sitting right at 12,530, barely passed the 50 days EMA. We had two strong and long candles but today, we traced a very short candle with low volume. We just barely broke to several key marks on my chart (EMA-50, downtrend line) and we are reaching for two more (EMA-200 and top b-band) but we will not make it with volumes like this. Nothing on the ADX/DMI indicates a trend yet so I still consider us sideways. When sideways I pay more attention to the oscillators and in this case, the Slow Stochastic is getting near overbought. Overall, I am losing a little faith in the current market.
Similar concerns on the SPX:
Dropping volume coming to the trendline and the 50 day EMA is nothing to build confidence in the market. Nothing on the ADX/DMI and Slow Stochastic also getting oversold. We are losing steam.
Lock in some profits on your swings and position trades and keep your stops tight.
Happy Trading!
Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.
| Date | Sym | L/S | Close | MA(200) | Vol MA(100) | Reason |
| 20080324 | ABX | |
41.94 | 40.36 | 10037988 | 1 |
| 20080324 | AEM | |
66.17 | 51.53 | 2778797 | 1 |
| 20080324 | AUY | |
15.7 | 13.49 | 11133154 | 1 |
| 20080324 | BVN | |
64.96 | 52.62 | 740769 | 1 |
| 20080324 | GDX | |
46.97 | 45.12 | 3537588 | 1 |
| 20080324 | GOLD | |
43.81 | 34.33 | 815389 | 1 |
| 20080324 | HMY | |
11.87 | 11.53 | 2862909 | 1 |
| 20080324 | KGC | |
21.17 | 17.22 | 6661172 | 1 |
| 20080324 | SLW | |
15.56 | 14.59 | 3750978 | 1 |
1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.
Happy Trading!
Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.
| Date | Sym | L/S | Close | MA(200) | Vol MA(100) | Reason |
| 20080320 | KMP | |
53.98 | 53.35 | 720653 | 1, 2 |
1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.
Happy Trading!
Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.
| Date | Sym | L/S | Close | MA(200) | Vol MA(100) | Reason |
| 20080320 | KMP | |
53.98 | 53.35 | 720653 | 1, 2 |
1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.
Happy Trading!