Monthly Archives: March 2008

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Candidates for 03/14/2008

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
20080313 MIN 6.19 6.14 317118 1, 2, 3, 4
20080313 NWA 9.86 -1.00 3103095 1
20080313 RCI 36.46 -1.00 496111 1
20080313 VION .4 -1.00 366935 1, 2, 3

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!

Post-market 3/13/08

I am again still not going to post everyday but when I post, I will now split my homework in two: pre and post-market. Pre-market is the morning prior to trading with overnight news and futures. Post-market is after the trading day, mainly charts and reviews. Again, I fully understand this may not be useful to anybody else. This is basically my notebook first and foremost.

Roller coaster session today will a lot of activity and a lot of different opinions on the current situation. Everyone is trying to speculate on the markets mood: bearish or bullish. The fact that everyone opinions differ demonstrates are unclear signals are at this point. So be cautious out there.

Even short term trading gets tricky in these choppy markets. Market opens up down you end-up with a few good shorts and get squeezed out at lunch time. The reverse also applies.

Here is the trend table for today:

Intermediate Short-term
Dow Sideways Sideways
NASDAQ Sideways Sideways
S&P Sideways Sideways

Only DOW charts today:

Read More …

Candidates for 03/13/2008

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
20080312 CHTT 69.01 68.57 407571 1
20080312 IMCL 42.44 40.05 1276476 1
20080312 MIN 6.2 6.14 309985 1, 2
20080312 NWA 10.25 -1.00 3064852 1, 2, 3
20080312 RCI 36.95 -1.00 492897 1, 2
20080312 VION .4 -1.00 366935 1, 2, 3

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!

PageOnce Beta

PageOnce is the first Personal Internet Assistant web site. The site is currently in beta but they expect to be fully open for business soon. The site basically allows you to centralize access to a lot of other sites, making it a great birds eye view of your web tool. Accounts are categorized so you can quickly look at your email accounts (Gmail, Yahoo, etc.), at your financial accounts (Banks, Credit Cards, etc.) or your social sites (myspace, facebook, linkedin, plaxo, multiply and more).

On the main page, the update feed gives you important updates from your various accouts:

Adding an account is very simple:

And the impressive feature is PageOne will capture keywords from other accounts to suggest new one. A couple of Amazon charges show up on your credit card and PageOnce may recommend added your Amazon account. This is excellent since a lot of these websites I don’t visit a lot and it would take me a while to remember to add them in my personal assistant. It is also convenient since accounts are added constantly, these reminders will help assure all the important onces are listed in PageOnce.
Overall, this new arrival could be a great time saver for busy poeple with a lot of online activity.
Check it out!

Pre-market 3/12/08

Strong gains on the prior session following the announcement that the Feds announced they would inject as much as $200B into the financial sector by allowing institutions to put up risk mortgages as collateral to get access to treasury.

The futures market indicates a slightly higher open this morning but everyone seems cautious. From CNBC at 8:20am:


And here my trend table for today:

Intermediate Short-term
Dow Sideways Up
NASDAQ Sideways Up
S&P Sideways Up

 

Only DOW charts today:


 

The Dow clearly bounced back today. The candle is 2.5 times the length of the previous candles. We are still near the bottom of the range and will need a lot of more to really turn this up but it’s a good start. The next challenge will come near the 12,800 resistance level. The 15-minute chart traced a clear bull flag this morning. A long flag pole at the open, a lot of short covering going on. Consolidation right at the 12k level and the uptrend resumed after lunch. This chart makes me bullish for the open this morning morning.

Happy Trading!

Candidates for 03/12/2008

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
20080311 AUXL 24.98 23.86 522501 1, 2, 3, 4
20080311 CHTT 69.49 68.54 403359 1, 2
20080311 SVNT 18.55 15.71 1325299 1, 2, 3, 4
20080311 VION .4 -1.00 366935 1, 2, 3
20080311 VIVO 30.02 28.31 386384 1, 2, 3, 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!

Candidates for 03/11/2008

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
20080310 ABV 75.9 72.64 751564 1
20080310 AUXL 25.95 23.82 505312 1, 2, 3, 4
20080310 BCO 64.64 60.31 388685 1
20080310 CHTT 70.9 68.51 398875 1
20080310 DAR 12.42 10.16 1155383 1
20080310 FBCM 6.37 -1.00 250720 1
20080310 FLS 96.1 82.43 878301 1
20080310 GFA 35.19 32.84 574663 1
20080310 GMO 8.75 8.25 668822 1
20080310 ILMN 62.13 53.64 1253586 1, 2
20080310 KNDL 41.16 41.10 282507 1
20080310 NVT 73.09 65.86 1903171 1
20080310 OMI 41.7 39.41 379843 1
20080310 PDS 20.2 19.65 593623 1
20080310 STV 15.6 -1.00 916871 1
20080310 TKC 22.39 21.43 1576291 1
20080310 VION .4 -1.00 366935 1, 2, 3
20080310 VIVO 30.49 28.26 379505 1, 2
20080310 WFR 72.42 67.30 5542422 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!

Candidates for 03/11/2008

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
20080307 AUXL 28.89 23.77 487793 1
20080307 CREE 27.7 27.10 2414160 1
20080307 DAR 12.93 10.15 1149598 1
20080307 FBCM 6.4 -1.00 250773 1
20080307 KNDL 43.01 41.05 282807 1
20080307 PDS 20.53 19.69 595573 1
20080307 STV 16.78 -1.00 980649 1
20080307 VION .4 -1.00 366935 1, 2, 3
20080307 WTI 31.98 27.57 558759 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!

Pre-market 3/10/08

Last week was a fairly devastating week for bulls. Overall they failed to maintain the support and panic is slowly settling in. We can feel people getting more concerned with the economy and recession with the market taking a hit. Again, the focus is back to the dollar, the price of oil and other economic indicators.

Futures are not down this morning but I doubt there is a lot of conviction in this morning. We could very well see a morning with an open up but the where the bears take control shortly after.

S&P 500 +3.90 1296.70 3/10 8:31am
Fair Value 1293.82 3/9 10:15am
Difference* +2.88
NASDAQ +3.75 1712.50 3/10 8:30am
Fair Value 1708.72 3/9 10:15am
Difference* +3.78
Dow Jones +29.00 11920.00 3/10 8:01am

Pasted from <http://money.cnn.com/data/premarket/index.html>

Intermediate Short-term
Dow Sideways Down
NASDAQ Sideways Down
S&P Sideways Down

Taking a look at HardRightEdge, Alan Farley had an interesting comment about volatility:

VIX is undermining the odds for a near-term washout because it still hasn’t broken above 30. The January reversal came near 38, which indicates we’re still not close to a real climax.” Pasted from <http://www.hardrightedge.com/trader.htm>

To illustrate his point, here is a chart of the VIX:


And the DOW for the same period:


And for the market review, only DOW charts today:

We are now clearly getting close and closer to the January lows. Once the VIX reaches near mid-30s, we will be in a better position to expect a reversal. The short-term trend is fairly obvious. Last week was not a good week for bulls.

Happy Trading!