Never got around to really looking at those yesterday. Today should be better. Here are the lists for today.

Golden cross between the 50-day moving average and 200-day moving average.

Death cross between the 50-day moving average and the 200-day moving average:

I know I have been pretty quiet recently. Work is insane for one and, as my previous posts have shown, my trading has been horrible. I am not changing anything per say but I am reviewing and scrutinizing everything I do a lot more.

I am trying some screens, all technical, to try and come up with a short watchlist of charts to look at in the morning. The trouble is, my skills analyzing charts need polishing, which means I cannot have a very long list otherwise I will spend all day trying to read the darn charts and I will not get anything done. So the screens may change as I try different versions.

Here are text files for those importing in trading apps: Death Cross MA 50/200 and Golden Cross MA 50/200.

Golden cross between the 50-day moving average and 200-day moving average.

Death cross between the 50-day moving average and the 200-day moving average:

Here are swing candidates and their trigger points for today:

Date	Type	Sym	Close	Trigger
8/29/2006		XEL	20.72	20.35
8/29/2006		TNP	46.97	46.61
8/29/2006		ATO	28.48	28.20
8/29/2006		TLS	13.29	13.37
8/29/2006		ASH	63.20	63.72
8/29/2006		KNTA	1.53	1.55

I will be watching for each of these to cross their trigger and than I will try to find a nice entry.

Here are swing candidates and their trigger points for today:

Date	Type	Sym	Close	Trigger
8/28/2006		BORL	5.52	5.29
8/28/2006		CNMD	19.64	19.31
8/28/2006		DRYS	13.50	12.07
8/28/2006		GNSS	13.77	13.71
8/28/2006		OMNI	9.33	8.62
8/28/2006		KEY	36.79	37.11
8/28/2006		MRK	40.44	40.74
8/28/2006		ONNN	5.83	6.01

I will be watching for each of these to cross their trigger and than I will try to find a nice entry.

I am testing something new this morning. I reversed some of my PCFs and I am looking for short candidates. Looking at PCF outputs and charts, I came up with the following list:

Once triggered, same rules apply to shorts and longs. I get in, and set a stop above the previous day’s high. The stop than follows the drop to lock-in the profits.

Here is an overview of the new items on my watchlist for today. I would consider these as long swing candidates. All these are symbols with very bullish outlooks on the weekly charts but are down on the short term. The plan is to wait for a reversal by flagging the items on the watchlist and buying (paper still) if they poke through the previous day’s high. Once in, I fix my target near the upper channel line and set a protective stop somewhere below today’s or yesterday’s low.

The goal is to stay in from 2 to 4 days and take the profit at the upper channel. A trailing stop order will follow the progress of the stock and bail-out at any sign of pullback.

This is actually written yesterday (08/21/2006) but only posted today. Here is the first chart I post. The chart is for UNT and was picked up in Worden’s TC using a triple-screen setup which involves Elder’s Force Index. UNT has been on a long uptrend since early 2005. Continue reading →

Let me start with a disclaimer: Anything read here should be considered very “amateurish” as I am as green as can be when it comes to technical analysis. This blog is more a tool for me than for anyone else at this point. I am not trying to teach anything, I am brain dumping so I can refer to is later.

Today, ZICA and BLJ cought my attention. They both look they could be potential candidates.

BLJ is my current favorite. The long term trend is up, the BOP is turning positive and I am the Elder’s Force Index crossed below zero recently. We seem about to get a buy from the Stochastics indicator. I am watching it through the open, waiting for it to cross over 1.21.

ZICA‘s long term trend is a lot less attractive. But on the short term, we could get a quick climb up to 1.55, asssuming it breaks 1.21 early morning.