Daily Watchlist - 21/1/10

Notes: Last night market was down. All the stocks in watchlist went down except  JPM and SWM. I entered JPM before 10am and after that....it went down to hit stop lost....

I'm not convinced of the New Moon and Full Moon so I'm starting to track it now.
16th Jan 10 - Market not at bottom, so I assume it's peak.
Full moon on 30 Jan 10. - bottom?

Feel free to comment or give suggestions to improve trading the setup. I just created a Recycle bin section where i throw all the stocks that did not trigger and render useless.

Bulls Scan Results
Sorry guys, no time to go through their sectors. But these stocks are picked from many many bull scans today!

1. AKS
2. BBBY
3. BBL
4. BHP
5. CNX
6. DE
7. FCX
8. HPQ
9. IBM
10. IYT
11. PXD

Bears Scan Results

Still NA....I think if someone has a rule to identify price near resistance level please let me know. I'm currently switching to Metastock to scan optionable stocks in US. The scan is scanning only optionable stocks in US. the list was taken from OCC.

Review (Watchlist)
Bulls

1. SINA - 10/12/09: Entry at $44.27. Target $47.95. Stop loss $42.57. 9/1/10: Doji on EMA30. Now $43.12. Relative strength weakening.
   
2. UUP - 12/1/10: Broke out of downtrend channel resistance. 1st pullback to TAZ but now below EMA30. Will continue to monitor just to see where USD goes. Now $23.12. RS strengthening.
   
3. EMN - 13/1/10: Hammer T30. XLB 4th hottest sector but relative strength down. Entered at $60.39. Stop loss $59.38 Target $62.01. Now $60.93
   
4. HGSI - 14/1/10: T30 hammer. XLV relative strength break out.  Entered at $30.01. Stop loss $28.92 Target $31.95. Now $29.10. 20/1/10: Stop out at $28.92.
   
5. IOC - 20/1/10: Bullish harami in TAZ30. XLE 3rd hottest sector. IOC RS broke out of resistance. Wait for W%R oversold. Now $81.38. Stock already moved.
   
6. WLT - 18/1/10: Hammer in TAZ50. XLI hottest sector. RS up. 20/1/10: Entered at 75.47. Stop loss $73.41 Target $82.85. Now $73.77. 20/1/10: Stop out at $73.41.
   
7. MOS - 18/1/10: Harami Doji in TAz30. XLB 2nd Coldest sector. 20/1/10: Entered at $61.57. Stop loss $60.66 Target $67.92. Now $62.03.
   
8. JPM - 20/1/10: Spinning top. XLF and JPM RS present. Good GMMA. Entered at $43.41 Stop loss $42.85 Target $45.12. Stop out at $42.85.
   

Bears

1. CHL - 6/1/10: doji at SMA50 resistance. Relative strength still down. IXP sector is also losing strength. Entry at $47.16. Stop loss $47.34. Target $45.13. 7/1/10: Did not trigger but CHL is in a nice downtrend. Will continue to monitor to see if price will go down from here. So far when price is near the downtrend resistance, it goes down fast. 12/1/10: Broke out of channel with huge volume. If price shoot pass SMA200, time to look for 1st pullback to TAZ. Now 50.00 - Hit supply and came down with market. Testing resistance turn support now.
2. MON - 15/1/10: I got this from the bull scan but the price just hit a supply level and dropping off. I'm not trading this counter but will just monitor to see how the supply zone will work out.

Recycle Bin - Did not trigger.

1. DVN - 20/1/10: Bullish engulfing in TAZ30 and on resistance turn support area. XLE 3rd coldest sector.
2. AGU - 20/1/10: Harami hammer. XLB RS Up but AGU RS down. GMMA good.
3. CAM - 20/1/10: Piercing pattern. XLE RS present but CAM RS down.
4. SWN - 20/1/10: Hammer on TAZ30. XLE and SWN RS up. GMMA good.
5. UNP - 20/1/10: Very good GMMA. Hammer on T30. XLI RS up.
6. USO - 20/1/10: Piercing pattern. GMMA not good. XLE RS up.
7. COH - 20/1/10: Hamari hammer. Very good GMMA. COH RS up but XLY down.
8. TLT - 20/1/10: Evening Star.

Net: +$1375. (Details pls see table)