4/15 Rejected

Here are the stocks that showed new parabolic sar signals but didn't make the cut for the Watchlist.

Earnings too near:

• DAL, bear, 4/20
• EBAY, bull, 4/21
• STEC, bull, 5/11
• STX, bull, 4/20
• VOD, bull, 5/18. Also news that it will offer the iPad in the U.K. once international sales began.

Signal based on news:

• SCHW, bear, went ex-dividend.

Lack of a trend or counter-trend:

• RIMM, bull, adx of 21. The signal is with the "trend", but it's not much of a trend. I fear whipsaws.
• SAI, bull, counter-trend. The adx is acceptable at 32, but I dislike counter-trend plays. Also, the rise brings the price to the brink of a huge gap down on earnings last month. That's a lot of resistance to overcome.

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Buy--DON'T Hold: Investing with ETFs Using Relative Strength to Increase Returns with Less Risk

Financial consultant Leslie Masonson describes a strategy for actively trading exchange-traded funds.

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The reject list also includes all the ProShares exchange-traded funds that were unsplit today.

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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