TAZ Scan for 28/12/09 - 1 Bull, 1 Bear

Bulls Scan Results

CTRP - Bullish Engulfing. 1 day late. Doji formed.

Bears Scan Results

NUVA - Hanging man doji. Entry at $31.52, Stop Loss $32.31. Target $27.98

Review (Watchlist)

Bulls

1. AXP - 8/12/09: Entry $39.62. Target $41.93. Stop loss $38.73. Now $41.68.
   
2. ICE - 9/12/09: Entry 104.94 Target $111. Stop loss $102.20. now $109.69.
   
3. MEE - 9/12/09: Entry at 36.36. Target $42.81. Stop loss $35.23. now $43.84. Broke our of pennant and previous high. Pennant target is $50.46. This is the first time I saw Pennant breakout. Not sure if the target is reliable or not. Will stick to Fibo extension target.Target hit on 23/12/09.. Continue to monitor to see if pennant target is reach.
   
4. HUM - 10/12/09: Hidden Divergence - Red Spinning top and doving pigeon. Now $45.44.
   
5. MCD - 9/12/09: Spinning top. Price bounce from SMA50. Now $63.42.
   
6. V - 9/12/09: Bullish Engulfing but no T30, swing trap or ghost town. Price continue to move up. Now $86.29. Continue to monitor.
   
7. BHP - 9/12/09: Entry at $73.69. Target $78. Stop loss $71.16. Now $75.92.
   
8. CL -21/12/09: re-Entry $83.01. Target $86.68. Stop loss $80.95. Swing trap pattern. Bullish divergence. Now $83.15.
   
9. SINA - 10/12/09: Entry at $44.27. Target $47.95. Stop loss $42.57. Now $44.71.
   
10. RIMM - Broke out of downtrend upper resistance with high volume. Price pulling back. Earnings gapped as expected. Continue to monitor. Now $67.92.
    
11. UGI - Price broke SMA200 resistance and downtrend channel resistance. Wait for pullback. Continue to monitor. Now $25.05.
    
12. CNI - 18/12/09: Price gapped down into SMA50-EMA30 zone. Spinning top. now $54.38.
    
13. UNG - Broke SMA50 resistance. Waiting for pullback to TAZ. Now $10.32. Bearish engulfing on Thursday.
    
14. UUP - Broke out of downtrend channel resistance. Waiting for pullback to TAZ. Now $23.03.
15. ESRX - 17/12/09: Strong SMA50 support. Harami. Gapped up and end session with shooting star. Now $87.17.
16. MHS - 17/12/09: Did not enter as price gapped too far. Risk is too much. Now $64.05.
17. AMZN - 18/12/09: Did not enter as price gapped too far. Risk is too much. Now $138.47.
18. ZMH - 18/12/09: Price open near previous close and continue to move up. Entry $59.01.Stop loss $57.49. Target $60.54. Now $60.27.
19. EL - 23/12/09: Bullish Harami but very near to 52w high area.Entry at $48.09. Stop loss $47.51. Target $50.39. Now $48.3479.
    
20. POT - 23/12/09: Bullish Engulfing. Possible entry $111.12, $109.06. Stop loss at $108.98 (50% of engulfing candle). Target $123.73. Now $111.40. Danger: Price not moving up.
    

Bears

1. JPM 22/12/09: Spinning top. Now $41.56. Entry $41.79, stop loss $42.28, Target $40.09. Now $41.89.
2. AIG 24/12/09: Bearish Harami but price only broke low of previous candle and then bouced up. No follow through. Wait for next session. Support factor, price just below SMA200 resistance.
   

Net: -$127. (Details pls see table)

Regards,

Lewis

Reference: www.swing-trade- stocks.com