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Stock Screener August 31, 2010
This is a running discussion where we can share things we see jumping for either a daytrade or a swing trade.
I have a screener that really helps finding daytrade opportunities. It finds which stocks will, by the end of the day, be trading at at least two times its 30 day average volume. I look for stocks that really are jumping on volume (and hopefully news) and then employ Tim's breaking the HOD plan. I put my reverse Fibonacci retracement on these and just wait. I will post what I find jumping when it shows on the screener.
I will also post what I think may be swing trade opportunities.
Every morning you can go to Tim's blog page (link on top of page that says stock blog) where he posts pre market.
I have a screener that really helps finding daytrade opportunities. It finds which stocks will, by the end of the day, be trading at at least two times its 30 day average volume. I look for stocks that really are jumping on volume (and hopefully news) and then employ Tim's breaking the HOD plan. I put my reverse Fibonacci retracement on these and just wait. I will post what I find jumping when it shows on the screener.
I will also post what I think may be swing trade opportunities.
Every morning you can go to Tim's blog page (link on top of page that says stock blog) where he posts pre market.
Comment
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Comment by Matt Lauchaire on August 31, 2010 at 4:04pm -
The rally continues in the after-market, today turned into a good day for me after a lot of fakeouts. Today definitely tested my patience to the max on multiple trades. Have a good day everyone.
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Comment by Terry H on August 31, 2010 at 4:00pm
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Comment by Matt Lauchaire on August 31, 2010 at 3:59pm
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Wow, holding long through a 40 point correction really tested my patience.
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Comment by Matt Lauchaire on August 31, 2010 at 3:58pm
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A little bit of both I think Rob. I think people seriously overreacted to that news, so now that people have had time to think about it, they're buying.
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Comment by Rob on August 31, 2010 at 3:46pm -
is this buyers or shorts covering?
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Comment by Rob on August 31, 2010 at 3:37pm
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I know Matt, the only bullish indicator on the SPX is the Doji forming today
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Comment by Matt Lauchaire on August 31, 2010 at 3:33pm
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I'm not saying don't sell Rob, but the daily chart is starting to look bullish for a reversal. A Bullish MACD Divergence right now; my trigger to enter is when the high of the previous day is broken by 1%, so I think at this level the stock could still decline, but I think at the least it could retest the high on August 18th.
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Comment by Rob on August 31, 2010 at 3:31pm
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i will take it as a bullish signal if we can close above yesterdays close
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Comment by Rob on August 31, 2010 at 3:24pm
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I may be out of SKX by the end of the day. no matter how much I believe in the fundamentals the stock is going no where but down
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Comment by Matt Lauchaire on August 31, 2010 at 3:01pm
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Chas, to quote Jim Cramer, don't buy don't buy! RIMM is just going straight down without even a hint of an end in sight. Wait until a Bullish Candlestick with large volume appears before even considering touching it.
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