Finviz Scan for 7/01/10 - 0 Bull, 0 Bear

Notes: Rules for filtering has changed. W%R overbought and oversold will not be as strict as before as I'm still seeing losing trades when it was executed in those zones.

Bulls Scan Results
NA

Bears Scan Results
NA

Review (Watchlist)
Bulls

1. AXP - 8/12/09: Entry $39.62. Target $41.93. Stop loss $38.73. Now $41.49. - Losing strength.
   
2. MEE - 9/12/09: Entry at 36.36. Target $42.81. Stop loss $35.23. now $48.04. 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 $45.98 Relative strength still present.
   
4. MCD - 9/12/09: Spinning top. Price bounce from SMA50. Now $62.30. 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 $85.96. Losing relative strength.
   
6. CL -21/12/09: re-Entry $83.01. Target $86.68. Stop loss $80.95. Swing trap pattern. Bullish divergence. Now $83.33. Losing strength.
   
7. SINA - 10/12/09: Entry at $44.27. Target $47.95. Stop loss $42.57. Now $46.00. Losing relative strength
   
8. 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. Now $65.40. 1st T30 setup after SMA10 cross over EMA30. Relative strength still present.$65.82. Stop loss $64.39, Target $71.31.
   
9. CNI - 18/12/09: Price gapped down into SMA50-EMA30 zone. Spinning top. now $55.38. - Relative strength up.
   
10. UNG - Broke SMA50 resistance. Waiting for pullback to TAZ. Now $10.83. Relative strength still up. Price already move out of TAZ. Drop counter.
11. UUP - Broke out of downtrend channel resistance. Waiting for pullback to TAZ. Now $22.85. - Building strength.
    
12. ESRX - 7/01/10: Spinning stop at EMA30. Now $86.65. Entry at $86.66 Stop loss 86.17, target $89.76.
    
13. MHS - 7/1/10: Hammer on EMA30. Now $63.61. 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. Entry $63.91, Stop loss $63.15, Target $65.93.
    
14. AMZN - 18/12/09: Did not enter as price gapped too far. Risk is too much. Now $132.25 price fall below EMA30. Drop counter.
15. 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 $48.50. Head and shoulders?
    
16. 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 $123.00. Relative strength support broke down. This position was accurately stopped out at $108.98 before it shoot back up. If stop loss is set to swing low, this would have been profitable but the candles are too far and thus risk is too big for me.
    
17. 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 $74.93. 7/1/10: Dark cloud cover? Transportation just found support.
    
18. CSX - 5/1/10: Spinning top with long leg at bottom. IYC strengthening but CSX relative strength to SPX is not there. Possible entry $50.31. Stop loss $48.22. Target $50.66. Entered at 49.01. Target $50.66 hit on 6/1/10.
    

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.
   

Net: +$1327. (Details pls see table)