Monday, April 5, 2010

4/5 Rejects

A number of stocks showed signals but didn't make the cut by my rules. Here's a list of the rejects pile:

  • AES, bull, earnings are near (5/6), adx is marginal (26)
  • AXP, bull, earnings near (4/22), adx marginal (20)
  • CDNS, bull, earnings near (4/29)
  • COP, bull, earnings near (4/22), adx marginal (20)
  • DFS, bull, adx marginal (28). (This was a close call.)
  • DRYS, bull, adx low (14), earnings near (4/29)
  • EK, bull, moved on analysst comment, adx low (15), earnings near (4/29)
  • LOW, bull, earnings near (5/18). Also, next reversal is quite close, at $25.13, so there's little easy takings here.
  • LVS, bull, earnings near (5/5), adx marginal (29), news reports on bright gaming prospects in Macau, where LVS does business.
  • MBI, bull, earnings near (5/11). This is a bond insurer. I avoid them because their prospects depend on Congress to a huge extent.
  • MON, bear, nearings near (4/7). 
  • MOT, bear, earnings near (4/29), adx low (11)
  • SLB, bull, earnings near (4/23, adx low (16)
  • SWN, bull, earings near (4/29), adx marginal (24)
  • WFT, bull, earnings near (4/20), adx low (7)

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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