Monday, July 18, 2005
Issue Contents:
| 09:34 | Swing Trade Setups Featured charts for Monday July 18 |
| 16:15 | TrendVue Trader Talk Today's transcript. |
| 18:54 | Swing Scanner Results Monday July 18 closing data |
| 18:55 | Market Statistics For Monday July 18, 2005 |
Featured setups from Friday July 15, 2005 closing data symbol scan
Jump to: Long Setups | Short Setups
Notes for the Day
- my apologies for the late publishing of trades today – should be back to regular schedule this week
- will Friday’s gap fill, or not… if not that tells us the market still has significant support from buyers. If it fills and fails to regain Friday’s high, we are then looking at a potential reversal in the bigger picture.
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.
Test of Bottom – Reversal
Retracement or Pause in Up Swing / Up Trend
EMC
Test of Top – Continuation
DIA – also SPY similar
ARW
MFC:C / MFC:NYSE – insurance
CNQ:C / CNQ:NYSE – oil, just a reminder this group is not dead yet although its certainly feeling wounded.
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.
Test of Top – Reversal
PNC dark cloud cover at a test of top
Retracement or Pause in Down Swing / Down Trend
AIRT – been churning sideways quite a while with a negative bias – selling under Friday and look for break and hold below 2 day low
Today's transcript.
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Monday July 18 closing data
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Statistics for Monday July 18, 2005
Note: Statistics are compiled based on our custom symbol universe of the most heavily traded stocks.
| Symbols in Up Swings | 316 |
|---|---|
| Symbols in Down Swings | 425 |
| Up/Down Swing Ratio | 0.74 : 1 |
| Advancers | 30% |
| Decliners | 68% |
| Unchanged | 2% |
| Up Bars | 27% |
| Down Bars | 42% |
| Inside Bars | 18% |
| Outside Bars | 7% |
| Close > 20EMA | 30% |
| Close > 50SMA | 76% |
| Close > 200SMA | 65% |
| 20EMA > 50SMA > 200SMA (trend up) | 48% |
| 20EMA < 50SMA < 200SMA (trend down) | 14% |