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 ...

I didn't get to spend as much time as I normally do searching for fresh setups over the weekend. I'll make a new post sometime during the week when I come across something interesting. The "easier" trades continue to be the short setups. As I posted a couple of months ago, here is an example how I trade them. If I need to provide more or different examples, send me an email and I'll get something up. Below is the spread sheet I'll use this week for the short and long setups. It makes it easier to load everything in Quotetracker. SpreadSheet

Breakout Setups (Click on Symbol for Annotated Chart) BUCY Bucyrus Intl CVGI Commercial Vehicle Group CMZ Compton Petroleum HERO Hercules Offshore CENX Century Aluminum NGD New Gold ES Energy Solutions LCC US Airways Group MEE Massey Energy ORBK Orbotech CYNO Cynosure ICA Empresas Ica Soc Control KIRK Kirkland's BLC Belo A.H. Corp NBR Nabors Industries OIS Oil States Intl RBCN Rubicon Technology GTLS Chart Industries CSIQ Canadian Solar SPRD Spreadtrum Communication SRZ Sunrise Senior Living TEN Tenneco Automotive TS Tenaris S.A. WFR MEMC Electronic Materials NOA North American Energy Partners OZM Och-Ziph Capital Management ACMR A.C. Moore Arts & Crafts CLUB Town Sports Intl AXTI American Xtal Technology SIVB SVB Financial Group ATHR Atheros Communications TNL Technitrol ASX Advanced Semicondutor APWR A-Power Energy Generation Systems AGM Federal Agricultural Mortgage SIRF SiRF Technology CVTX CV Therapeutics ACET Aceto Corp Short Setups (...

Since many from the list have triggered the past couple of days, the breakout watch has been depleted. I've added a few tonight that I feel will be worth watching over the next week or so. Several in the update need some more time under resistance to allow the 50 Day MA to flatten out. As usual, they are all short to intermediate term setups. To hold the risk to a minimum, the 8 MA can be used as a guide for a stop. If any bust over resistance, they should work pretty quick. I don't see a point in waiting around hoping it's going to work when there are a ton of other opportunities out there.

As we head into the New Year, I've included several "Breakout Setups" that should do well over the long term. I've mentioned it before, but I really believe we're going to be in a stock pickers market in the years to come. Regardless what occurs (Bull or Bear Market), the new leaders will be companies that most of us have never heard of. I suspect several of these will be listed in the IDB 100 sometime in the future. Each individual chart can be found in the " Weekend Review ." I'm only going to post an updated chart in the future when they are at or near actionable levels. As the Sentiment and Breadth charts indicate, we are likely at or nearing an intermediate term top. However, there may be some upside left as the primary sentiment chart I follow hasn't provided the " Get Short " signal. When it does, I'll post it. If I come across anything significant, I'll make an updated post during the week. If you haven't already ...

Breakout Setups - Long Term (Click on Symbol for Annotated Chart) HEV Ener1 BPSG Broadpoint Securities Group NTT Nippon Telephone & Telegraph DCM NTT DoCoMo TIVO Tivo TSYS TeleCommunication Systems FORD Forward Industries SONE S1 Corp ASIA Asiainfo Holdings NNI Nelnet SEAC SeaChange KIRK Kirkland's VVUS Vivus XJT ExpressJet Holdings SXCI SXC Health Solutions FRPT Force Protection BTIM BioTime EGMI Electronic Game Card RURL Rural/Metro AMRI Albany Molecular Research BSQR Bsquare MRGE Merge Technology OPNT OPNET Technologies HCKT Hackett Group IWOV Interwoven DAIO Data I/O Breakout Setups - Short Term (Click on Symbol for Annotated Chart) ES Energy Solutions ZLC Zale Corp BGP Borders Group GOL Gol Linhas EPAX Ambassodors Group NGD New Gold TS Tenaris SA XCO Exco Resources XIN Xinyuan Real Estate TTM Tata Motors TX Ternium SA FED FirstFed Financial LEE Lee Enterprises SIRF SiRF Technology ICA Empresas Ica Soc Control ORBK Orbotech SIVB SV...