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 |
| 20080506 | ADVNB |  |
9.75 | 14.88 | 517616 | 2 |
| 20080506 | ALKS | |
13.06 | 14.53 | 1258070 | 2 |
| 20080506 | AOD | |
17.37 | 18.08 | 540545 | 2 |
| 20080506 | APKT | |
9.44 | 11.32 | 315756 | 2, 3, 4, 5 |
| 20080506 | ARRS | |
8.66 | 10.05 | 3614661 | 2 |
| 20080506 | ATPG | |
33.21 | 42.81 | 679889 | 2 |
| 20080506 | BBBB | |
35.84 | 38.22 | 367046 | 2 |
| 20080506 | BEE | |
15.59 | 17.61 | 772326 | 2 |
| 20080506 | BGY | |
16.91 | 16.92 | 326282 | 2 |
| 20080506 | BKHM | |
1.9 | 2.22 | 619312 | 2 |
| 20080506 | CAB | |
15.11 | 17.60 | 647110 | 2 |
| 20080506 | CEM | |
7.34 | 8.15 | 2047927 | 2 |
| 20080506 | CHTR | |
1.31 | 1.73 | 4626610 | 2, 3, 4, 5 |
| 20080506 | CLMS | |
20.51 | 24.13 | 302655 | 2 |
| 20080506 | CMI | |
69.43 | 91.36 | 2898246 | 2, 5 |
| 20080506 | CTDC | |
5.45 | 5.83 | 552439 | 2, 3, 4, 5 |
| 20080506 | EFA | |
77.18 | 77.26 | 13612242 | 2 |
| 20080506 | EWI | |
31.91 | 32.63 | 571047 | 2, 3, 4, 5 |
| 20080506 | FII | |
35.31 | 38.82 | 1590567 | 2 |
| 20080506 | FRPT | |
3.97 | 10.43 | 2592121 | 2 |
| 20080506 | FTE | |
31.85 | 33.56 | 384497 | 2 |
| 20080506 | HPY | |
25.94 | 26.44 | 309239 | 2 |
| 20080506 | HTGC | |
10.69 | 11.85 | 258623 | 2, 3, 4, 5 |
| 20080506 | ICOC | |
7.92 | 10.66 | 268838 | 2 |
| 20080506 | IDIX |  |
6.02 | 3.76 | 312852 | 1 |
| 20080506 | IEV | |
111.26 | 111.96 | 710125 | 2 |
| 20080506 | MCGC | |
8.1 | 12.01 | 941675 | 2 |
| 20080506 | MWA/B | |
8.96 | 9.72 | 310485 | 2 |
| 20080506 | NLS | |
5.33 | 5.88 | 412460 | 2, 3, 4, 5 |
| 20080506 | NSTC | |
9.54 | 9.99 | 261457 | 2, 3, 4, 5 |
| 20080506 | NZT | |
15.66 | 18.14 | 277240 | 2 |
| 20080506 | OMCL | |
13.2 | 23.30 | 846498 | 2 |
| 20080506 | OPLK | |
10.26 | 13.10 | 251989 | 2 |
| 20080506 | PHG | |
38.92 | 40.37 | 1141120 | 2, 3 |
| 20080506 | PKX | |
128.25 | 146.02 | 831737 | 2, 3 |
| 20080506 | PRS | |
4.92 | 6.83 | 277307 | 2 |
| 20080506 | RSYS | |
9.99 | 12.07 | 273594 | 2 |
| 20080506 | SIRO | |
28.69 | 30.46 | 373412 | 2 |
| 20080506 | SIX | |
2.33 | 2.61 | 1205715 | 2, 3, 4, 5 |
| 20080506 | SLM | |
22.94 | 32.71 | 16101673 | 2 |
| 20080506 | SUNH | |
15.23 | 15.47 | 634588 | 2 |
| 20080506 | TSS | |
24.87 | 26.10 | 1216411 | 2 |
| 20080506 | VGK | |
73.01 | 73.20 | 489203 | 2 |
| 20080506 | XXIA | |
7.97 | 8.70 | 294920 | 2 |
1. 5 Consecutive down days.
2. 5 Consecutive up days.
3. Volume is 30% over the 10-day moving average.
4. Volume is 70% over the 30-day moving average.
5. Volume is 50% over the 50-day moving average.
Happy Trading!