Monthly Archives: March 2008

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Candidates for 03/10/2008

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 29.7 23.71 489465 1
20080307 CMED 39.43 39.07 706734 1
20080307 CREE 28.18 27.07 2410779 1
20080307 DAR 13.27 10.13 1144814 1
20080307 DFS 13.8 -1.00 5684859 1
20080307 FBCM 6.46 -1.00 250646 1
20080307 FBN 11.7 11.62 913934 1
20080307 LII 35.52 35.00 666554 1, 4
20080307 PDS 20.59 19.71 594411 1
20080307 STV 18.37 -1.00 1063330 1
20080307 VION .4 -1.00 366935 1, 2, 3
20080307 WTI 32 27.55 549675 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 03/07/2008

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
20080306 AUXL 29.7 23.71 489465 1
20080306 CMED 39.43 39.07 706734 1
20080306 CREE 28.18 27.07 2410779 1
20080306 DAR 13.27 10.13 1144814 1
20080306 DFS 13.8 -1.00 5684859 1
20080306 FBCM 6.46 -1.00 250646 1
20080306 FBN 11.7 11.62 913934 1
20080306 LII 35.52 35.00 666554 1, 4
20080306 PDS 20.59 19.71 594411 1
20080306 STV 18.37 -1.00 1063330 1
20080306 VION .4 -1.00 366935 1, 2, 3
20080306 WTI 32 27.55 549675 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 03/06/2008

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
20080305 ANH 8.85 7.61 1142387 1
20080305 AUXL 30.8 23.64 493344 1
20080305 CMED 40.372 39.00 719789 1
20080305 CREE 28.8101 27.03 2412096 1
20080305 DFS 14.72 -1.00 5675554 1
20080305 EGT 2.71 -1.00 488875 1
20080305 FBN 11.98 11.63 916321 1
20080305 LII 35.65 34.99 658716 1
20080305 MFA 8.69 8.25 2416660 1, 2, 3, 4
20080305 QSC 3.7899 2.40 982740 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 03/05/2008

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
20080304 AUXL 30.97 23.56 490713 1
20080304 CCC 15.97 13.78 692136 1, 2, 4
20080304 CMED 40.92 38.91 713992 1, 2, 3, 4
20080304 CN 58.24 56.19 329235 1, 2
20080304 CREE 29.56 26.98 2411899 1
20080304 DFS 14.73 -1.00 5674524 1, 2
20080304 EMKR 10.51 9.25 1590046 1, 2
20080304 FBN 12.19 11.65 912587 1
20080304 HOKU 9.3601 9.22 1567085 1
20080304 IBKR 30.28 28.44 908424 1, 2
20080304 MATK 28.22 27.44 420628 1
20080304 MBT 81.21 74.99 1682588 1
20080304 PANL 16.77 16.67 326575 1
20080304 QSC 4.19 2.39 968124 1, 2, 3, 4
20080304 RSX 47.86 45.29 418764 1
20080304 SNA 49.37 49.12 534425 1
20080304 TXCO 13.43 11.43 496322 1
20080304 UNP 123.52 119.88 2747824 1
20080304 VAR 51.19 45.89 966446 1, 2, 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!

links for 2008-03-04

Pre-market 3/4/08

Futures are down this morning which means the downtrend from last week will now fully resume after the short break yesterday. Considering what happened yesterday, I will still keep an eye for the bulls to try and bounce it back by 10:15am-10:30am. Either way it will be an interesting day to watch.

I will be watching the charts closely, to see if we are indeed reaching new lows at this would be the clear sign that we are still in serious long-term downtrend and not out of it yet.

S&P 500

-10.40

1321.50

3/4 8:11am

NASDAQ

-15.00

1721.75

3/4 8:09am

Dow Jones

-83.00

12169.00

3/4 8:09am

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

 
 

  

Intermediate

Short-term

Dow

Sideways

Sideways

NASDAQ

Sideways

Sideways

S&P

Sideways

Sideways

 
 

 
 

Overall a positive behavior of the down. The bulls showed resilience and nobody gave up. The bears clearly lacked conviction and could not keep the market down. The daily chart formed a clear hammer but on very low volume. This should rebound back up but a lot of people are on the sidelines waiting for something more serious.

The 15-minute chart shows the range bound trading for the day. Market opened down but we saw a clear bounce back midday. Things dwindled down again but the bull came back last hour of trading. Both rebounds show more buying volume then volume on the selling periods. The bulls look a little more serious.

The NASDAQ is also down outside the triangle I was tracking last couple of weeks.

The 15-minute chart is similar to the Dow chart. Range trading a little on the down side. Because the up spikes have strong volume, I will consider the short-term sideways for now.

 
 

 
 


  

Like on the Dow, the S&P traced somewhat of a hammer today. It could indicate the end of the 3 consecutive down days for now. Since we broke out the triangle, I may have to simply revert to tracking this as range rebound and not asa wedge.

Range trading with two strong uptrends, one mid-day and one end-of-day. Bulls have definitely not given up yet.

 
 

 Happy trading!

Candidates for 03/04/2008

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
20080303 ACOR 20.18 19.99 433117 1
20080303 CMED 44.02 38.83 696644 1, 2, 3, 4
20080303 CMO 16.47 11.69 622867 1, 2, 4
20080303 EAS 26.34 26.27 928613 1
20080303 HOKU 9.55 9.20 1613909 1
20080303 PRGO 33.1 25.67 1289794 1
20080303 SCSC 33.48 31.00 253955 1
20080303 VAR 52.12 45.84 959303 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!

links for 2008-03-02

Candidates for 03/03/2008

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
20080229 ACOR 20.44 20.00 430394 1
20080229 CMO 17.22 11.66 607760 1
20080229 DBTK 10.39 -1.00 342957 1, 2, 3, 4
20080229 INFA 17.46 15.88 1638572 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!