Daily Watchlist and Scans 17/1/10

Notes: I have modified my metastock to scan MOV(Volume,30,S) > 2000000. I find that this criteria will give counters with better open interest and better spread.

The new moon on 16th Jan 10. 
Full moon on 30 Jan 10.

Feel free to comment or give suggestions to improve trading the setup.

Bulls Scan Results
WLT - 18/1/10: hammer in TAZ50. XLI hottest sector. RS up.
MOS - 18/1/10: harami Doji in TAz30. XLB 2nd Coldest sector.
TRA -  Metastock showed no gap. Data adjusted. Bullish engulfing on Metastock chart in TAZ30. XLB 2nd Coldest sector.
DVN - 18/1/10: hammer in TAZ30 and on resistance turn support area. XLE 4th hottest sector.

Bears Scan Results
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.

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.

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 $45.73. Relative strength weakening.
   
2. UUP - 12/1/10: Broke out of downtrend channel resistance. 1st pullback to TAZ but now below EMA30 with double hammer. Will continue to monitor just to see where USD goes. Now $22.64. RS weakening.
   
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 $60.42.
   
4. HGSI - 14/1/10: T30 hammer. XLV relative strength break out. Did not trigger but signal still valid. Entrered at $30.01. Stop loss $28.92 Target $31.95. Now $29.27.
   
5. WLT - 14/1/10: Doji. XLI 2nd Hottest sector. Entered $76.49. Stop out at $74.04. Target at $82.85. Now $74.59. 17/1/10: Stop out at $73.46. Trend is still up and hammer at demand zone.
   
6. CNQ - 15/1/10: Doji in TAZ30. XLE 3rd hottest sector. CNQ RS broke out of resistance. No trigger. Drop counter.
   
7. IOC - 17/1/10: Insidebar  (NR7 setup) in TAZ30. XLE 3rd hottest sector. IOC RS broke out of resistance. Wait for W%R oversold. Now $74.74.
   
8. SU - 15/1/10: Hammer 2 sessions ago in TAZ30. XLE 3rd hottest sector. SU RS broke out of resistance. market down. No trigger. Drop counter. Now $35.82.
   

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.
   

Net: +$1757. (Details pls see table)