Tuesday, March 24, 2009
3:37 pm ET - The SPX has traded in a narrow range all day indicative of profit taking and buyers absorbing the selling that is occuring. Price is staying above both the 50 DMA and the Monday's S1. After the strong move of the past 10 trading orderly profit certainly is healthy. Once the end of day candles are formed we'll be back with our end of day analysis.
BMO - ES and NQ futures are down in pre-market trading and point to a lower open. Look for pullback opportunities in up trend or bearish opportunities in down trends.
At the Open on Tuesday - Monday's Change
SPY – large white candle breakout, +7.18%
VNO – large white candle support bounce, +14.24%
ARO – bullish harami/hammer, +3.57%
MS – bull flag support bounce break high of low day with large white candle, +20.7%
ESS – bull flag support bounce large white candle, +14.8%
GS – bull flag support bounce and breakout, +15.01%
SNDA – bull flag support bounce, +7.16%
OSG – no follow through on bearish engulfing, break above 30 DMA, +9.35%
CTSH – no follow through to downside, +4.72%
LEAP – no follow through on evening star, continues above 200 DMA, new high close, +7.99%
X – double bottom breakout at 30 DMA
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4 comments:
Dave, is there a place to get a current list of what stocks are being followed? I think at one point you cleaned up the entire list. Thanks.
I second the request too. I'm guessing that for the one green arrow strategy it is any stock that meets the Investools fundamental method by using the global search as you taught us in your live workshops. (although these days there are very few 3.25 stocks).
Do you just go down various Indices watchlists (like Nas 100, semi, rails etc.) every day during the market hours, or perhaps through the market matrix to see which ones have V. Volume etc. Dave, any tips you have (or anyone else) on which lists and how often during the day is good to check would be much appreciated. Thanks again.......
Dave, looks like an inside day today on on the RUT and broke below it's 50 DMA. Would we be looking for a break below yesterday's low for a bearish entry?
Randy and Scott,
The stocks are listed every day under Stocks to Watch - Leading Stocks.
DJ
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