Rejects

Here are the signals that I chose not to analyze and why they didn't make the cut:

• CA, bear, low adx (16), earnings are near (5/13), move on news that the company is cutting jobs. This signal follows a one-day bull whipsaw.
• CBS, bull, low adx (14), earnings near (5/5)
• CMC, bull, low adx (17), movement on takeover rumors
• CNX, bull, marginal adx (26), earnings near (4/22)
• CPBY, bull, low adx (13), earnings near (5/11), news of a business deal causes a huge (30%+) gap
• CVS, bear, marginal adx (22), earnings near (5/4)
• CX, bull, low adx (17), earnings near (4/27)
• DD, bull, earnings near (4/27), move on analyst comment
• FHN, bear, marginal adx (27), earnings near (4/16)
• HBAN, bull, marginal adx (22), earnings near (4/22)
• MEE, bear, marginal adx (25), earnings near (4/27), gapped down on news of a coal mine explosion in West Virginia
• MPEL, bull, earnings near (5/20), move on analyst comment
• NOK, bear, earnings near (4/22), signal is counter-trend
• STI, bull, earnings near (4/21), move on analyst comment
• TNK, bear, movement on news that a share offering was priced at a discount
• USB, bull, earnings near (4/20), move on analyst comment
• VLO, bull, marginal adx (28), earnings near (4/27)
• WFC, bull, earnings near (4/21)
• ZION, bull, earnings near (4/19)

Please note that these are rejected according to my rules. They might be just fine under your rules.

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My tendencies are these:

1. I like for earnings, at this point, no closer than a week or two past expiration of the May options, which I'm trading now
2. I like an adx of 30 or above to minimize whipsaws
3. I like the signal to be in the direction of the main trend
4. I don't like to trade stocks that have moved based on published rumors or news

But hey, that's just me.

Abbreviation: adx - Average Directional Index

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