Finviz Scan for 11/1/10 - 5 bulls 0 bear

Hi All,

Notes: Market continue to go higher and higher even NDX. AEM trade went bad. This is a bad trade. SMA200 was still on uptrend. I didn't note that but the scan is still correct because previous day price is below SMA200.
Feel free to comment or give suggestions to improve trading the setup.

Bulls Scan Results
INFY - 9/1/10: Credit spread anyone? Earnings is near but setup looks good.
IP - 9/1/10: - Hammer. XLB 2nd hottest sector in past 10 days.
TIN -  9/1/10 - Spinning top. XLB 2nd hottest sector in past 10 days.
URBN - 9/1/10 - Doji at EMA30. XLY 4th coldest sector but showing relative strength.
VTR - 9/1/10 Hammer at EMA30. XLV 5th coldest sector. TR losing strength.

Bears Scan Results
NA

Review (Watchlist)
Bulls

1. MEE - 9/12/09: Entry at 36.36. Target $42.81. Stop loss $35.23. XLE hottest sector for past 10 days. 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. Relative strength still present. Now $49.30
2. HUM - 10/12/09: Hidden Divergence - Red Spinning top and doving pigeon. Relative strength still present. but Healthcare was down. Now $47.51.
3. MCD - 9/12/09: Spinning top. Price bounce from SMA50. Now $61.84. Relative strength broken down.
   
4. V - 9/12/09: Bullish Engulfing but no T30, swing trap or ghost town. Price continue to move up. Now $87. Losing relative strength.
   
5. CL -21/12/09: re-Entry $83.01. Target $86.68. Stop loss $80.95. Swing trap pattern. Bullish divergence. Now $83.00. Losing strength. 8/1/10: Gapped down. Sold at $80.17. Should have exited when it started to range for so many days.
   
6. SINA - 10/12/09: Entry at $44.27. Target $47.95. Stop loss $42.57. 9/1/10: Doji on EMA30. Now $44.91. Losing relative strength
   
7. RIMM 7/1/10: Although, usually setup need to have SMA200 below price. Let's try this setup. - Broke out of downtrend upper resistance with high volume. 7/1/10:  1st T30 setup after SMA10 cross over EMA30. Relative strength still present. Entered at $65. 82. Stop loss $64.34, Target $71.31. Now $65.46.
8. CNI - 18/12/09: Price gapped down into SMA50-EMA30 zone. Spinning top. now $56.94.It's breakout upwards. Will drop this counter.
   
9. UUP - Broke out of downtrend channel resistance. Waiting for pullback to TAZ. Now $22.84. - Building strength. Forming flag?
   
10. ESRX - 7/01/10: Spinning stop at EMA30.  Entered at $86.66 Stop loss 86.17, target $89.76. XLV is the 2nd coldest sector . 8/1/10: target hit at $89.76. Now $91.65.
11. MHS - 7/1/10: Hammer on EMA30. No other support. Lower high formed but could be a swing trap. XLV is the 2nd coldest sector plus MHS relative is losing strength. Let's log in the entry and see if this will be a loser. Entered $63.91, Stop loss $63.11, Target $65.93. Now $65.05.
12. EL - 23/12/09: Bullish Harami but very near to 52w high area.Entry at $48.09. Stop loss $47.51. Target $50.39. Head and shoulders? XLP is down but EL relative strength is up. Now $49.11.
    
13. IBM - 8/1/10: Spinning top on EMA30. XLK 3rd Coldest sector for past 10 days. Entry $129.88, Stop loss $128.86 Target $132.83. Now $130.85.
    
14. LIFE - 8/1/10: Inverted hammer on EMA30. XLV 5th Coldest sector for past 10 days. Entry $51.26, Stop loss $50.83, Target 52.89. 8/1/10. Entered at $51.26 but stop out on same day at $50.83.
    
15. NTAP - 8/1/10: Doji at EMA30. XLK 3rd Coldest sector for past 10 days. Entry $33.28, Stop loss $32.94 Target $34.92.8/1/10: Entered at 33.28, stop out on same day at at $32.94.
    
16. SPG - 8/1/10: Spinning top on EMA30. XLF Hottest sector in past 10 days.Price broke below EMA30. Drop counter.
    

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.
2. AEM - 8/1/10: Hanging man on EMA30. Gold is one of the cold sector now for past 13 days. Entry $57.74, Stop loss $59.04, Target $52.45. Entered at $57.74 but stop out same day. This is bad. SMA200 was still on uptrend. I didn't note that but the scan is still correct because previous day price is below SMA200.
   

Net: +$1621. (Details pls see table)