Action Points

I posted a few short term / daytrade setups I'm going to be watching over the next day. They are short term and aggressive, but I intend on using the tightest of stops should any reach the level where I'm willing to act. The sentiment indicators I follow signal a rally is on the horizon. Unfortunately, options expire this week which sometimes distort the information we have. If the market is weak off the open, things should get interesting. If I do anything different than what I posted tonight and over the weekend, I'll post it to Twitter. I've also made a list of some basic technical scans I use at stockcharts.com. I'll provide a link in the "Education" section of the blog if anyone needs them for future reference. If anyone has any questions, don't hesitate to let me know.

MACD Positive Cross [type = stock] and [country = us] and [daily macd line(12,26,9) crosses daily macd signal(12,26,9)] and [daily close >= 10] and [daily volume >= 100000] MACD Negative Cross [type = stock] and [country = us] and [daily macd signal(12,26,9) crosses daily macd line(12,26,9)] and [daily close >= 10] and [daily volume >= 100000] MACD Positive Cross Over the Zero Line [type = stock] and [country = us] and [daily macd line(12,26,9) = 0] and [daily close >= 10] and [daily volume >= 100000] MACD Negative Cross Under the Zero Line [type = stock] and [country = us] and [0 = daily macd line(12,26,9)] and [daily close >= 10] and [daily volume >= 100000] "Golden Cross" Scan (50 Day MA over 200 Day MA) [type = stock] and [country = us] and [daily sma(50,daily close) crosses daily sma(200,daily close)] and [daily close >= 10] and [daily volume >= 100000] "Cross of Death" Scan (50 Day MA under 200 Day MA) [type = stock] and [country ...