One stock, ABT, showed a signal that met my criteria.
Many others didn't make the grade, and here are the lists, grouped by why the stocks were disqualified.
Parabolic sar bull signals
News: FISV, takeover negotiations with Blackstone.
Counter-trend signal: DAL and DRY.
Insufficient trend: ERRX, NGD and SRS.
Parabolic sar bear signals
Counter-trend signal: CMCSA, ENTG, FSLR, HOT, SPG, TBX, TLAB and TLB.
Insufficient trend: BEXP, CBL, CMCSK, D, DRE, HBAN, IVZ, KEY, MO, PNC, TEL, TWC, UPS, VLO, VNQ, VTR, WLL and XEL.
I scanned all optionable stocks and exchange-traded funds priced at $5 or greater and showing volume of 1 million shares or more at the time of the scan, about 1:30 p.m. Eastern.
Stocks with earnings to be announced in the near future were excluded from further analysis.
To be considered for the Watchlist, the signal must be in line with the broader trend as seen on a three-month daily chart, with ambiguity resolved by looking at charts spanning three years or more.
The strength of the trend is determined by the average directional index. I consider a reading of 30 or more to be sufficient strong for the Watchlist. I rate a reading below 20 as weak, and below 30 as marginal.
Today on Private Trader
- ABT Watch
- Forex
- Morningline: Stocks and Bonds
- Morningline: Other Indicators
- Morningline: Holdings
- Almanac
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 trading? Here's a look at How to Become a Private Trader.
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