Here are the issues with new psar signals that I've turned down for the Watchlist, and why:
- BRCM, countertrend, earnings too near (4/27)
- FLEX, bear, countertrend, earnings too near (4/27)
- RSH, bull, rumor of a sale or stock buyback, earnings too near (4/22), marginal adx (28)
- SLM, bull, analyst comment, earnings too near (4/21), low adx (17)
- VLO, bear, earnings too near (4/27). This guy was also on yesterday's list. It has done a one-day whipsaw in a week-long sideways move at what may be the end of a bull trend. Whippy.
- VZ, bear, earnings too near (4/22)
- XLV, bear, countertrend marginal adx (21)
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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