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Upcoming "Death Cross" for Russell 2000 ($IWM)

Trade Ideas: DHR, APH, LPX, BFIN, GFIG, IWC, PP, ALO

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This 10-minute sample pick from the Trade-Ideas software using my Pending-Base-Breakout parameters picked out the following selection of stocks For the record, my PMACA play stopped out for a loss of 3% at $9.18 earlier this morning. DHR: I like the look of the small handle the stock is shaping. Stops go on a loss of $54.50. The stock has enjoyed a mild bullish run from the start of 2004 and looks well positioned to move further. Danaher Corporation engages in the design, manufacture, and marketing of industrial and consumer products. It operates in three segments: Professional Instrumentation, Industrial Technologies, and Tools and Components. APH: Recently broke above its 200-day MA and is holding the line. A move above $43 should see this quickly test $46 highs. Strong, positive money flow. LPX: Gapped up in mid-November and is trading inside a small handle. Pivot buy at $27.60, currently trading at $26.99. Has remained range bound between $21 and $28 for almost two years. BFIN: Th...

Trade-Ideas: CLP, WRNC, HTLD, KSWS, ALL, CRE, DRE, CUK

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My base scan from the Trade-Ideas software picked up the following list of stocks in the space of 10-minutes: CLP, WRNC, HTLD, KSWS, ALL, CRE, DRE, CUK. CLP has merits as long as it can hold above $44. I had featured this stock to subscribers for October 10th [subscription needed to view link] when it closed at $42.08, but it had dipped to lows of $39.50 before it started its current rally. It was good to see it pop-up on the Trade-Ideas scan. WRNC - large black candlestick dominates, but a move above $24.60 should be enough to drive this beyond $26.00 with no overhead resistance. Keep an eye on this. HTLD - lovely retest and confirmation of $20.75 support. The last 10 minutes has put this back in the green for the day, should stay strong into the close. KSWS - back above its 200-day MA on improving money flow. The current correction looks very similar to the one in 2004. Pivot buy at $33.25. ALL - small handle taking shape. The earlier 'death-cross' remains in effect so if bu...

Trade-Ideas: Follow up from November 16th

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My 60-day Trade-Idea highs scan from the afternoon of November 16th turned up 11 stocks. How did these stocks do? Based on the closing price from November 16th and Monday's closing price, 82% closed in positive territory. However, this return needs to be considered within the context of gains in all market indices over this period (i.e. vs 100% market profitability). The average maximum gain in these stocks exceeded the maximum gain in the markets by 31% - assuming an exit at the highs, sans commission or slippage factors.

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