FInviz Scan for 5/01/10 - 2 Bull, 0 Bear

Bulls Scan Results
ETR - Bullish Harami Doji. But XLU is losing strength. Possible entry $82.24. Stop loss $81.7. Target $84.24.
CSX - Spinning top with long leg at bottom. IYC strengthening but CSX relative strength to SPX is not there. Possible entry $49.01. Stop loss $48.22. Target $50.66.

Bears Scan Results
NA

Review (Watchlist)
Bulls

1. AXP - 8/12/09: Entry $39.62. Target $41.93. Stop loss $38.73. Now $40.92. - Losing strength.
   
2. MEE - 9/12/09: Entry at 36.36. Target $42.81. Stop loss $35.23. now $44.42. 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.
   
3. HUM - 10/12/09: Hidden Divergence - Red Spinning top and doving pigeon. Now $46.20. Relative strength still present.
   
4. MCD - 9/12/09: Spinning top. Price bounce from SMA50. Now $62.78. Relative strength broken down.
   
5. V - 9/12/09: Bullish Engulfing but no T30, swing trap or ghost town. Price continue to move up. Now $88.14. Relative strength still present.
6. BHP - 9/12/09: Entry at $73.69. Target $78. Stop loss $71.16. Now $79.61.4/1/10: Target hit at $78.
   
7. CL -21/12/09: re-Entry $83.01. Target $86.68. Stop loss $80.95. Swing trap pattern. Bullish divergence. Now $82.85. Losing strength.
   
8. SINA - 10/12/09: Entry at $44.27. Target $47.95. Stop loss $42.57. Now $45.75. Losing relative strength
   
9. RIMM - Broke out of downtrend upper resistance with high volume. Price pulling back. Earnings gapped as expected. Continue to monitor. Now $65.93. Relative strength present.
   
10. CNI - 18/12/09: Price gapped down into SMA50-EMA30 zone. Spinning top. now $54.83. - Relative strength up.
    
11. UNG - Broke SMA50 resistance. Waiting for pullback to TAZ. Now $10.64. Relative strength still up.
    
12. UUP - Broke out of downtrend channel resistance. Waiting for pullback to TAZ. Now $22.96. - Losing strength
    
13. ESRX - 17/12/09: Strong SMA50 support. Harami. Gapped up and end session with shooting star. Now $88.53.
14. MHS - 17/12/09: Did not enter as price gapped too far. Risk is too much. Now $65.11.
15. AMZN - 18/12/09: Did not enter as price gapped too far. Risk is too much. Now $133.90. Relative strength up.
16. 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 $60.02. Relative strength still up.
    
17. 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 $48.54. Head and shoulders?
    
18. 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 $112.20. Danger: Price not moving up.
19. CTRP - 24/12/09: Piercing Pattern. 1 day late. Doji + spinning top. Wait for it to form mini double bottom. IYC is moving up but CTRP is down. May have weakening Relative Strength. Now $72.50.
    

Bears

1. JPM 22/12/09: Spinning top. Now $41.56. Entry $41.79, stop loss $42.28, Target $40.09. Now $42.85. Stop out on 4/01/10 at $42.28.
   
2. MUR - 28/12/09. Bearish Engulfing. Entry at pullback to $55.69 or break $54.81. Stop loss $56.6 or $55.69. Target $52.68. Earnings is near. 29/12/09: Entry at $54.81. Stop loss at $55.69. Target $52.68. Not the best entry but will just monitor to see if direction is right. Now $55.92. Stop out on 4/1/10 at $55.69.
   

Net: +$743. (Details pls see table)

Regards,
Lewis
Reference: www.swing-trade- stocks.com