A new kind of list:
Seems we have pretty much covered the Gaps and Trendlines.
Keep posting your questions and victories/defeats with them
so that the others can share in that experience.
I'd like to move to another topic. I have generally refrained
from posting short positions for two reasons: I don't do them a lot
and they can be a little trickier to play. Be that as it may,
it is fundamentally the same screens and analysis. Some stocks
actually provide a lot better return just shorting them, and lately,
with the volatility of the markets over the last few months, there
have been several 'Positional Shorts' that were great.
So here are the lists - the classical Long Watch List, all
screened for potential Position Trades, and then a Short List.
There is one caveat for the short list I need to emphasize. These
particular stocks were chosen not because they already started
a reversal, but because they all jumped inappropriately with
today's interest rate news, and are therefore ripe for some
profit taking tomorrow.
I don't recommend anyone play them (on the other hand, I intend too),
but more to watch them. Some will correct horizontally, and some
may have some steam in them for other reasons, but all should
correct down at some point intraday.
These also had more than 100% the average volume of the last 5 days.
It is possible that some of the longs are in the same basket and will
correct down. ADBE is an example of one in both buckets that could
swing either way. Technically it was excellent. I generally don't
separate the longs from shorts on the intraday ticker watch lists
until after I see where they are going. I look for movement, not
predictive correctness, and go with that.
yea, I know, blah, blah, blah,,so forth and so on and scroll past
all this to the lists...
Longs
SYMBOL CLOSE CHANGE CHANGE %
ADBE 35.562 3.187 9.85%
USW 58.75 3.312 5.98%
IIT 8 0.437 5.79%
MCD 67.062 3.375 5.30%
IBM 136.5 6 4.60%
SCH 44 1.437 3.38%
IMNT 26.125 0.75 2.96%
BGEN 70.5 1.375 1.99%
Shorts
SYMBOL CLOSE CHANGE CHANGE %
RATL 18.062 3.312 22.46%
USWB 13.813 2.5 22.10%
NMGC 13.437 1.687 14.36%
NT 35.625 4.25 13.55%
INTU 46.656 4.531 10.76%
AOL 105.687 10.062 10.52%
BKS 27.687 2.625 10.47%
DELL 58.062 5.312 10.07%
ADBE 35.562 3.187 9.85%
AXP 88.5 7.625 9.43%
CSCO 56.937 4.812 9.23%
OSSI 27.875 2.125 8.25%
UAL 65 4.75 7.88%
NEM 23.5 1.687 7.74%
GM 56.062 3.875 7.43% |
