5/3 Other Signals

There were a lot of signals in this morning's scan, in part because I was looking for two days: today but also Friday, when I was unable to scan due to illness, and also because we're moving out of earnings season, and so more stocks are eligible for a look.

As always, the principal filter is a reversal on the parablic sar, followed by trend analysis. I want a strong trend, with a reading of 30 or better and the average directional index, and I'm looking for signals that are in line with the trend.


Trending stocks with counter-trend signals:

• Bull: ABT
• Bear: BBBY, DCTH, FFIV, FULT, NETL, SWK, XRT

Insufficiently trending stocks:

• Bull: AMTD, BSBQ, EWM, GFA, IM, MET, MYL, NLC, PEP, POZN, SWKS, UCO, USO, WAG
• Bear: ACI, ATI, BTU, CVH, ERIC, FCS, JOYG, MWW, NE, NOV, NVLS, SWN, TC, TNA, UNP, UWM, UYM, WLP, XLB, XME, XOM, XRT

 Stocks that were rejected for further analysis aren't necesarily bad trades; they just don't meet my criteria. Traders who put less emphasis on the trend might find some good possibilities among them.

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

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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.

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Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal


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