Tuesday, May 11, 2010

5/11 Scan

Today's scan was complicated by problems in determining whether a signal bull is with or counter to the prevailing trend.

The depth of the downward correction the past week has confused the issue to an incredible extent, and has distorted the trend measure tool, the average directional index, that works so well in less volatile times.

Here are the parabolic sar bull signals I saw but that I did not write up: AEM, AIG, AMD, AUY, CRUS, DUK, EMC, GCI, GFI, HCBK, HL, INTC, IVV, KIM, MEE, NEM, PFG, SBUX, SLE, SLV, STI, TY, UTX, VIV, VVUS, WAG, WFC, XLE, XLK and XLU.

GCI, INTC, IVV and MEE could in fact have qualified for a write-up, and I may revisit them.

(Or not.)

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