Tuesday, July 24, 2007

Trade Ideas: COGN, TRFX, OMN, KYN vs CCO, PG

Big bearish sweep but it likely has set up a good short term (1-day) buying opportunity. The weakest of the indices, the Russell 2000, is showing the heaviest loss. Watch how it acts at the 200-day MA:

The Trade Ideas scan was not surprisingly slow (although it gave a nice heads up yesterday when buying was also light): the "Top-8" picks came in at a 1 hour 30 minutes with only 2 stocks making the cut for the "20-appearance" list:

If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

If you are interested in knowing what I do with the "Top-8" and "20-appearance" data I have prepared a report here.