Index Watch for January 26, 2009

Breadth & Sentiment for January 26, 2009

Thoughts....

As everyone knows, I attach my thoughts to the actual charts so I'll be brief. I've posted the charts that I'll be paying close attention to tomorrow as well as a couple of setups that are bank related. If I do anything different, I'll post it to Twitter.

Index Watch for January 21, 2009

New Setups for January 21, 2009

Thoughts....

Regardless what the market does this week, I think I've posted enough setups to keep us busy. Included in the Weekend Review are some intraday setups suited for more aggressive or experienced traders. I've used the 60 minute time frame with each.

As far as the market is concerned, I still think it's best to be nimble. Although I will play the occasional breakout setup, the majority of my trades have been shorts at objective and identifiable resistance levels. I get stopped out a lot, but the pain is minimal because my stops are so tight. It's really no different than I've ever traded. I've always been a singles & double hitter. I don't hit many home runs, but I rarely swing and miss. I just hit a lot of foul tips.

I didn't post the spreadsheet this weekend because I'm not sure if anyone else uses it. If anyone wants me to post it, drop me an email and I'll get it up. I'll make a post during the week if I come across anything exceptional.

SpreadSheet

Review for Week of January 20, 2009

Breakout Setups
(Click on Symbol for Annotated Chart)

APWR A-Power Energy Generation Systems
FCE/A Forest City Enterprises
EXK Endeavour Silver Corp
NGD New Gold
TTI Tetra Technologies
TTES T-3 Energy Services
LMC Lundin Mining
GU Gushan Environmental
BFRM BioForm Medical
IOSP Innospec
OME Omega Protein
NFP National Financial Partners
ISSI Integrated Silicon Solution
OZM Och-Ziff Capital Management
RAME RAM Energy Resources
SYMX Synthesis Energy Systems
MXIM Maxim Integrated
ISIL Intersil Holding
RICK Rick's Cabaret
TX Ternium SA
SPRD Spreadtrum Communications
SRZ Sunrise Senior Living
LCC U.S. Airways Group
ICA Empresas Ica Soc Control
CVGI Commercial Vehicle Group
NTG Natco Group
TRW TRW Automotive
GPOR Gulfort Energy
MEE Massey Energy
NBR Nabors Industries
ICO International Coal Group
CLUB Town Sports Intl
TNL Technitrol
TS Tenaris S.A.
ELRN Elron Electronic Industries
FCL Foundation Coal
OIS Oil States
ORBK Orbotech
GKK Gramercy Capital
FCH Felcor Lodging
ES Energy Solutions
BUCY Bucyrus Intl
GGP General Growth Properties
CMZ Compton Petroleum
ACMR A.C. Moore Arts & Crafts
BLC Belo A.H.
ASX Advanced Semiconductor
AXTI American Xtal Technology
AGM Federal Agricultural Mortgage
CVTX CV Therapeutics
EGMI Electronic Game Card
ADPT Adaptec

Intraday Setups
(Click on Symbol for Annotated Chart)

SKF ProShares UltraShot Financials (ETF)
ERX Energy Bull 3x Shares (3x ETF)
TNA Small Cap Bull 3x Shares (3x ETF)
UYG ProShares Ultra Financials (ETF)
MYGN Myriad Genetics
TTC Toro Company
XOM Exxon Mobil
HES Hess Corp
RMD Resmed
SUN Sunoco
FWLT Foster Wheeler
OXY Occidental Petroleum
FDP Fresh Del Monte
FSLR First Solar
MYL Mylan Labs
CI CIGNA Corp
SPH Subarban Propane Holdings
CPA COPA Holdings
UTI Universal Technical Institute
AGN Allergan
AMZN Amazon.com
BVF Biovail Corp

Short Setups
(Click on Symbol for Annotated Chart)

NUVA NuVavise
AVAV AeroVironment
NCIT NCI Inc
OCR Omnicare
NRGY Inergy
RIMM Research in Motion
APPY AspenBio
BAX Baxter Intl
LLL L-3 Communications
NS NuStar Energy
PWR Quanta Services
LO Lorillard
IAG IAMGOLD Corp
CGRB Cougar Biotech
SMG Scotts Company
ESI ITT Educational
GDX Market Vectors Gold Miners
IAU ishares COMEX Gold Trust
PCG PG&E
AUXL Auxillium Pharma
AGP Amerigroup
AIR AAR Corp
AMED Amedisys
ATK Alliant Techsystems
ATO Atmos Energy
BDX Beckton Dickinson
BPT BP Prudhoe Bay Royalty Trust
CAI CACI Intl
CALM Cal-Maine Foods
CAL Continental Airlines
CEF Central Fund of Canada
CHSI Catalyst Health Solutions
CMN Cantel Medical
CUB Cubic Corp
DCP Dyncorp Intl
DPL Dpl Inc
ECOL American Ecology
EPIQ EPIQ Systems
EW Edwards Lifesciences
FNF Fidelity National Financial
GMCR Green Mountain Coffee
HMSY Health Management Systems
ICFI ICF Intl
IDCC InterDigital
IPCR IPC Holdings
KGC Kinross Gold
LH Laboratory Amer
LL Lumber Liquidators
MHS Medco Health Solutions
MINI Mobile Mini
MVL Marvel Enterprises
MYGN Myriad Genetics
NLY Annaly Capital Mgt
OCN Ocwen Financial
ORLY O'Reilly Automotive
PCR Perini Corp
PETS PetMed Express
QGEN Quiagen N.V.
RDK Ruddick Corp
RYAAY Ryanair Holdings
STRL Sterling Construction
SUN Sunoco
TEVA Teva Pharma
UL Unilever PLC
USMO USA Mobility
VRX Valeant Pharma
WEC Wisconsin Energy
WIRE Encore Wire
XEL Xcel Energy

Long Setups
(Click on Symbol for Annotated Chart)

MPEL Melco Entertainment
CAVM Cavium Networks
YGE Yingli Green Energy
CZZ Cossan
AAI AirTran Holdings
AFFX Affymetrix
APL Atlas Pipeline Partners
GLG GLG Partners

Index Watch for January 20, 2009

Breadth & Sentiment for January 20, 2009

Thoughts....

I posted a few short term / daytrade setups I'm going to be watching over the next day. They are short term and aggressive, but I intend on using the tightest of stops should any reach the level where I'm willing to act. The sentiment indicators I follow signal a rally is on the horizon. Unfortunately, options expire this week which sometimes distort the information we have. If the market is weak off the open, things should get interesting. If I do anything different than what I posted tonight and over the weekend, I'll post it to Twitter.

I've also made a list of some basic technical scans I use at stockcharts.com. I'll provide a link in the "Education" section of the blog if anyone needs them for future reference. If anyone has any questions, don't hesitate to let me know.

New Setups for January 13, 2008

Education - Technical Scans

MACD Positive Cross
[type = stock] and [country = us] and [daily macd line(12,26,9) crosses daily macd signal(12,26,9)] and [daily close >= 10] and [daily volume >= 100000]

MACD Negative Cross
[type = stock] and [country = us] and [daily macd signal(12,26,9) crosses daily macd line(12,26,9)] and [daily close >= 10] and [daily volume >= 100000]

MACD Positive Cross Over the Zero Line
[type = stock] and [country = us] and [daily macd line(12,26,9) = 0] and [daily close >= 10] and [daily volume >= 100000]

MACD Negative Cross Under the Zero Line
[type = stock] and [country = us] and [0 = daily macd line(12,26,9)] and [daily close >= 10] and [daily volume >= 100000]

"Golden Cross" Scan (50 Day MA over 200 Day MA)
[type = stock] and [country = us] and [daily sma(50,daily close) crosses daily sma(200,daily close)] and [daily close >= 10] and [daily volume >= 100000]

"Cross of Death" Scan (50 Day MA under 200 Day MA)
[type = stock] and [country = us] and [daily sma(200,daily close) crosses daily sma(50,daily close)] and [daily close >= 10] and [daily volume >= 100000]

RSI Cross over 70
[type = stock] and [country = us] and [daily rsi(14) >= 70] and [yesterday's daily rsi(14) <= 70] and [daily close >= 10] and [daily volume >= 100000]

RSI Cross Under 30
[type = stock] and [country = us] and [daily rsi(14) <= 30] and [yesterday's daily rsi(14) >= 30] and [daily close >= 10] and [daily volume >= 100000]

Stochastics Above 80
[type = stock] and [country = us] and [daily full stoch %k(14,3,3) >= 80] and [daily close >= 10] and [daily volume >= 100000]

Stochastics Below 20
[type = stock] and [country = us] and [daily full stoch %k(14,3,3) <= 20] and [daily close >= 10] and [daily volume >= 100000]

Stochastics Entering the 80 Line (OverBought)
[type = stock] and [country = us] and [daily full stoch %k(14,3,3) crosses 80] and [daily close >= 10] and [daily volume >= 100000]

Stochastics Entering the 20 Line (OverSold)
[type = stock] and [country = us] and [20 crosses daily full stoch %k(14,3,3)] and [daily close >= 10] and [daily volume >= 100000]

Thoughts....

I didn't get to spend as much time as I normally do searching for fresh setups over the weekend. I'll make a new post sometime during the week when I come across something interesting. The "easier" trades continue to be the short setups. As I posted a couple of months ago, here is an example how I trade them. If I need to provide more or different examples, send me an email and I'll get something up.

Below is the spread sheet I'll use this week for the short and long setups. It makes it easier to load everything in Quotetracker.

SpreadSheet

Index Watch for January 12, 2009

Breadth & Sentiment for January 12, 2009

Review for Week of January 12, 2009

Breakout Setups
(Click on Symbol for Annotated Chart)

BUCY Bucyrus Intl
CVGI Commercial Vehicle Group
CMZ Compton Petroleum
HERO Hercules Offshore
CENX Century Aluminum
NGD New Gold
ES Energy Solutions
LCC US Airways Group
MEE Massey Energy
ORBK Orbotech
CYNO Cynosure
ICA Empresas Ica Soc Control
KIRK Kirkland's
BLC Belo A.H. Corp
NBR Nabors Industries
OIS Oil States Intl
RBCN Rubicon Technology
GTLS Chart Industries
CSIQ Canadian Solar
SPRD Spreadtrum Communication
SRZ Sunrise Senior Living
TEN Tenneco Automotive
TS Tenaris S.A.
WFR MEMC Electronic Materials
NOA North American Energy Partners
OZM Och-Ziph Capital Management
ACMR A.C. Moore Arts & Crafts
CLUB Town Sports Intl
AXTI American Xtal Technology
SIVB SVB Financial Group
ATHR Atheros Communications
TNL Technitrol
ASX Advanced Semicondutor
APWR A-Power Energy Generation Systems
AGM Federal Agricultural Mortgage
SIRF SiRF Technology
CVTX CV Therapeutics
ACET Aceto Corp

Short Setups
(Click on Symbol for Annotated Chart)

AMED Amedisys
NRGY Inergy
NS NuStar Energy
STRL Sterling Construction
VRX Valeant Pharma
WCN Waste Connections
XNPT XenoPort
BDX Beckton Dickinson
CMP Compass Minerals
CMS CMS Energy
ICUI ICU Medical
MINI Mobile Mini
URS URS Corp
USMO USA Mobility
UAM Universal American Financial
ECOL American Ecology
IPCR IPC Holdings
OCR Omnicare
EGO ElDorado Gold
SUN Sunoco
MYGN Myriad Genetics
PCLN Priceline.com
ROS Rostelecom
FLR Fluor
MMP Magellan Midstream Partners
PLXS Plexus
FNF Fidelity National Financial
CAI CACI Intl
IDCC InterDigital
ICFI ICF Intl
BKE Buckle Inc
HPQ Hewlett-Packard
ADM Archer Daniels Midland
AGP Amerigroup
AIPC American Italian Pasta
AIR AAR Corp
AMGN Amgen
AMZN Amazon.com
APSG Applied Signal
ATK Alliant TechSystems
ATO Atmos Energy
AUXL Auxillium Pharma
BLL Ball Corp
BPT BP Prudhoe Bay Royalty Trust
CALM Cal-Maine Foods
CAL Continental Airlines
CBZ CBIZ
CEF Central Fund of Canada
CHA China Telecom
CHSI Catalyst Health Solutions
CLH Clean Harbors
CMN Cantel Medical
CMTL Comtech Tele
CNQR Concur Technologies
CPSI Computer Programs & Systems
CUB Cubic Corp
DCP Dyncorp Intl
DPL DPL Inc
DV Devry
EPIQ EPIQ Systems
ESI Itt Educational Services
EW Edwards LifeSciences
EZPW EZCORP
HCC HCC Insurance
HMSY Health Management Systems
IPCC Infinity Property & Casualty
JJSF J&J Snack Foods
KGC Kinross Gold
LFC China Life Insurance
LH Laboratory Amer
MHS Medco Health Solutions
MVL Marvel Enterprises
NAT Nordic American Tanker
NEM Newmont Mining
NLY Annaly Capital Mgt
OCN Ocwen Financial
ORLY O'Reilly Automotive
PAYX Paychex
PCR Perini
PETS PetMed Express
QGEN Quiagen
RDK Ruddic Corp
TEVA Teva Pharma
UL Unilever PLC
VIVO Meridian Bioscience
WIRE Encore Wire
XEL Xcel Energy

Long Setups
(Click on Symbol for Annotated Chart)

TCK Teck Cominco
ACTS Actions Semiconductor
TESO Tesco Corp
IVN Ivanhoe Mines
XIDE Exide Technologies
ZINC Horsehead Holding
ARUN Aruba Networks
BC Brunswick
SFI Istar Financial
MPEL Melco Entertainment
GFIG GFI Group
AFFX Affymetrix
OPNT Opnet Tech
SEAC SeaChange

Updated Setups
(Click on Symbol for Annotated Chart)

ACAS American Capital
HAFC Hanmi Financial
BGP Borders Group
IBNK Integra Bank
CNTF China TechFaith Wireless
XTXI Crosstex Energy
XIN Xinyuan Real Estate
HOLX Hologic
SF Stifel Financial
COH Coach
ISRG Intuitive Surgical

Thoughts....

Since many from the list have triggered the past couple of days, the breakout watch has been depleted. I've added a few tonight that I feel will be worth watching over the next week or so. Several in the update need some more time under resistance to allow the 50 Day MA to flatten out. As usual, they are all short to intermediate term setups. To hold the risk to a minimum, the 8 MA can be used as a guide for a stop. If any bust over resistance, they should work pretty quick. I don't see a point in waiting around hoping it's going to work when there are a ton of other opportunities out there.

New Setups for January 6, 2009

Thoughts....

As we head into the New Year, I've included several "Breakout Setups" that should do well over the long term. I've mentioned it before, but I really believe we're going to be in a stock pickers market in the years to come. Regardless what occurs (Bull or Bear Market), the new leaders will be companies that most of us have never heard of. I suspect several of these will be listed in the IDB 100 sometime in the future. Each individual chart can be found in the "Weekend Review." I'm only going to post an updated chart in the future when they are at or near actionable levels.

As the Sentiment and Breadth charts indicate, we are likely at or nearing an intermediate term top. However, there may be some upside left as the primary sentiment chart I follow hasn't provided the "Get Short" signal. When it does, I'll post it.

If I come across anything significant, I'll make an updated post during the week. If you haven't already done so, you can sign up for the FeedBurner email service or Twitter. They are both free and located at the blog. I also have a link of my Public Charts located at StockCharts.com with the main indices. It's located in the "Links" section of the blog. I'll add charts to it throughout the week.

SpreadSheet

Index Watch for January 5, 2009

Breadth & Sentiment for January 5, 2009

Review for Week of January 5, 2009

Breakout Setups - Long Term
(Click on Symbol for Annotated Chart)

HEV Ener1
BPSG Broadpoint Securities Group
NTT Nippon Telephone & Telegraph
DCM NTT DoCoMo
TIVO Tivo
TSYS TeleCommunication Systems
FORD Forward Industries
SONE S1 Corp
ASIA Asiainfo Holdings
NNI Nelnet
SEAC SeaChange
KIRK Kirkland's
VVUS Vivus
XJT ExpressJet Holdings
SXCI SXC Health Solutions
FRPT Force Protection
BTIM BioTime
EGMI Electronic Game Card
RURL Rural/Metro
AMRI Albany Molecular Research
BSQR Bsquare
MRGE Merge Technology
OPNT OPNET Technologies
HCKT Hackett Group
IWOV Interwoven
DAIO Data I/O

Breakout Setups - Short Term
(Click on Symbol for Annotated Chart)

ES Energy Solutions
ZLC Zale Corp
BGP Borders Group
GOL Gol Linhas
EPAX Ambassodors Group
NGD New Gold
TS Tenaris SA
XCO Exco Resources
XIN Xinyuan Real Estate
TTM Tata Motors
TX Ternium SA
FED FirstFed Financial
LEE Lee Enterprises
SIRF SiRF Technology
ICA Empresas Ica Soc Control
ORBK Orbotech
SIVB SVB Financial
PAET Paetec Holding
MT ArcelorMittal
GFIG GFI Group
ARA Aracruze Celulose
AXTI American Xtal Technology
CVI CVR Energy
BRY Berry Petroleum
DRYS Dry Ships
AGM Federal Agricultural Mortgage
ACAS American Capital
NCX Nova Chemicals
GKK Gramercy Capital
AMFI Amcore Financial

Intraday Setups - ETFs
(Click on Symbol for Annotated Chart)

DUG UltraShort Oil & Gas
EEV UltraShort Emerging Markets
TZA Small Cap Bear 3x Shares
FAZ Financial Bear 3x Shares
URE Ultra Real Estate
UYM Ultra Basic Materials

Short Setups
(Click on Symbol for Annotated Chart)

ADM Archer Daniels Midland
ENDP Endo Pharma
AGP Amerigroup
AIPC American Italian Pasta
CMP Compass Minerals
CMG Chipotle Mexican Grill
AUXL Auxillium Pharma
SUN Sunoco
SF Stifel Financial
FNF Fidelity National Financial
GTU Central Gold-Trust
OXY Occidental Petroleum
RDK Ruddick Corp
BPT BP Prudhoe Bay Royalty Trust
WIRE Encore Wire
CHRW C.H. Robinson Worldwide
GHL Greenhill Financial
EW Edwards Lifesciences
VIVO Meridian Bioscience
MYGN Myriad Genetics
SCHN Schnitzer Steel Holdings
NAFC Nash-Finch
ATR Aptargroup
APSG Applied Signal Technology
BLL Ball Corp
MVL Marvel Enterprises
RYAAY Ryanair Holdings
CNQR Concur Technologies
PAYX Paychex
PCR Perini
PETS PetMed Express
QGEN Quiagen
CPSI Computer Programs & Systems
CALM Cal-Maine Foods
CHSI Catalyst Health Solutions
OKS ONEOK Partners
ORH Odyssey RE Holdings
TEVA Teva Pharma
TKC Turkcell
UL Unilever PLC
CLC Clarcor
CLH Clean Harbors
CEF Central Fund of Canada
LMT Lockheed Martin
LNCE Lance Inc
MDU MDU Resources
ATK Alliant TechSystems
NAT Nordic American Tanker
HCC HCC Insurance
NLY Annaly Capital Management
OCN Ocwen Financial
HEI Heico
GMCR Green Mountain Coffee
MHS Medco Health Solutions
AMZN Amazon.com
EPIQ Epiq Systems
GEO GEO Group
GG Goldcorp
NEM Newmont Mining
KGC Kinross Gold
LIHR Lihir Gold
LL Lumber Liquidators
LFC China Life Insurance
LH Laboratory Amer
ESI Itt Educational Systems
APOL Apollo Group
AIR AAR Corp
EZPW EZCORP
AMGN Amgen
IDCC InterDigital
IPCC Infinity Property & Casualty
JJSF J&J Snack Foods
BKE Buckle Inc
CUB Cubic Corp
CMTL Comtech Tele
DPL DPL Inc
XEL Xcel Energy
HNP Huang Power
ATO Atmos Energy
CAL Continental Airlines
CBIZ CBIZ Inc

Long Setups
(Click on Symbol for Annotated Chart)

MPEL Melco Entertainment
HOLX Hologic
ENTG Entegris
ETM Entercom Communications
CZZ Cossan Ltd
DLIA Delia's
SFI Istar Financial

Pivot Calculator

I've added a "Pivot Calculator" to the blog. It's located at the bottom of the home page. I know pivots can be determined several different ways, but I've included a couple of examples below in how I prefer to use it. The calculator can be used for any security in any time frame. I tend to stick with the daily & weekly for the S&P 500 & NDX 100. I hope to add some improvements to it in the next couple of months.

Support Resistance

Education - Short Scans

I use the following scans to find short setups. They are all based on "Moving Averages." After I run the scan, I scroll over them using a 8 year weekly chart. Patterns are much easier to spot when you stretch the chart out. It also reduces the noise you get when you look at the shorter time frames. I use the scanning software provided by stockcharts.com.

Short Scan #1 [type = stock] and [country = us] and [daily close >= 5] and [daily volume >= 100000] and [daily close >= daily sma(50,daily close)] and [daily close >= daily sma(200,daily close)] and [daily close >= daily sma(20,daily close)]

Short Scan #2 [type = stock] and [country = us] and [daily close >= 8] and [daily volume >= 100000] and [daily high >= daily sma(20,daily close)] and [daily high >= daily sma(200,daily close)] and [daily close <= daily sma(50,daily close)]

Short Scan #3 [type = stock] and [country = us] and [daily high >= daily sma(10,daily close)] and [daily high <= daily sma(200,daily close)] and [daily volume >= 100000] and [daily high <= daily sma(50,daily close)] and [daily high >= daily sma(20,daily close)] and [exchange is Nasdaq]

Thoughts....

I've included some market breadth & sentiment charts I follow in the weekend update. I also added a few new and fresh setups to the watch list. Since it's likely going to be another slow and boring week, anything I do will be small with tight stops. The fireworks / volatility should be back next week. I'm going to be adding more educational content over the next couple of days including scans.

SpreadSheet