Monday, June 13, 2005
Issue Contents:
| 09:25 | Swing Trade Setups Featured charts for Monday June 13 |
| 16:15 | TrendVue Trader Talk Today's transcript. |
| 20:43 | Swing Scanner Results Monday June 13 closing data |
| 20:45 | Market Statistics For Monday June 13, 2005 |
Featured setups from Friday June 10, 2005 closing data symbol scan
Jump to: Long Setups | Short Setups | Special Situations
Notes for the Day
Good morning – my apologies for the very late start today, I’ve been whacked by a cold over the weekend. I may cut back my time in Trader Talk today to the first key hours this morning and will come back for the last hour and a half of the trading day.
Gold is hanging in there, despite the expected breakout of the USD – this can largely be attributed to the price of copper which is holding near multi-decade highs this morning.
Crude is off marginally from Friday’s close – but keep in mind that Friday saw an intraday reversal. If the energy sector is to hold up today we’ll need to see a fairly big push up in CL that holds above the 1/2 way point of Friday’s range. NG is higher this morning, thanks to hot weather as you head east in North America.
Long Setups
General common strategy: Unless noted otherwise, buy stop just above the “high” value, with an initial protective stop at the low value of the bar, not below the bar.
Retracement or Pause in Up Swing / Up Trend
QQQQ – Nasdaq 100 ETF, tech retracement now on day 6…. getting a little old.
XTO – energy – now we are looking for laggards to pick up
AXP – consumer credit
MOT – telecom, semis
MSFT – if one wanted to get long MSFT here’s an opportunity. I’m passing myself.
Short Setups
General common strategy: Unless noted otherwise, place a sell alert at or just below the low of the setup bar, and look for the first failed intraday bounce after the low has been broken. What we are looking for is price to push down, bounce a little, and fail again – this is where we want to get short.
Retracement or Pause in Down Swing / Down Trend
RMBS – pause in down swing – can be traded long however myself I plan on following 1 or 2 up bars (if they occur) with sell alerts just underneath…
MEDX
INCY – follow up from last week
BSX – follow up from last week
PFE
Today's transcript.
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Monday June 13 closing data
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Statistics for Monday June 13, 2005
Note: Statistics are compiled based on our custom symbol universe of the most heavily traded stocks.
| Symbols in Up Swings | 456 |
|---|---|
| Symbols in Down Swings | 291 |
| Up/Down Swing Ratio | 1.56 : 1 |
| Advancers | 61% |
| Decliners | 37% |
| Unchanged | 2% |
| Up Bars | 39% |
| Down Bars | 27% |
| Inside Bars | 14% |
| Outside Bars | 12% |
| Close > 20EMA | 61% |
| Close > 50SMA | 75% |
| Close > 200SMA | 60% |
| 20EMA > 50SMA > 200SMA (trend up) | 42% |
| 20EMA < 50SMA < 200SMA (trend down) | 17% |