4/20 Rejected

Here are the signals that didn't make the cut for the Watchlist, and why.

• NOK, bull, earnings near (4/22), marginal adx (22)
• Q, bear, counter-trend, earnings near (5/5)
• RIG, bull, moved on news of the issue's debut on the Swiss Bourse, low adx (12)
• STT, bear, signal and price move on the earnings announcement.

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Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points
Technical analyst Martin Pring reveals the secrets of the craft. No trader should be without this book.

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Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

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