5/18 Scan

Again, few new phase switches in today's scan, marking the tentative nature of the market movements this week after the prior week's drama.

I won't be doing individual write-ups this week as I continue to assess my rules in light of the brief May 6 software-driven collapse in stock prices and the longer-term decline cause, it is said, by worries about the euro.

My current rules are these:

For entry, a bull phase on the parabolic sar, in the direction of the larger stock trend (as shown by the 5-day moving average), and with the 14-day advanced direction index showing 30 or above to indicate the strength of the trend.

For exit, a baer phase on either the parabolic sar or Person's Proprietary Signal.

It is those rules that I'm looking to modify in light of this month's experience in the markets.

To the scan, of optionable stocks and exchange-traded funds priced at $5 or better with 3 million shares or more in volume at 11:15 a.m. or so, and showing phase shifts on the parabolic sar...

Parabolic sar bull phase:

• Counter-trend: APC
• Weak trend: BHI, EXPE, MOT, SYY and VIA/B

Parabolic sar bear phase:

• Counter-trend: GLD
• Weak trend: GDX, M
• News: FIS (buyout),

---

The Investor's Guide to Active Asset Allocation: Using Technical Analysis and ETFs to Trade the Markets

Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.

---

New to Private Trader? Check out the Reader's Guide.

New to private trading? Here's a look at How to Become a Private Trader.