Trade Ideas: 9 minutes

Another snooze fest for the markets. At least the breakouts are holding for small and large caps. The Trade Ideas 8 picks covered a time span of 9 minutes - a reflection of the slower buying.

The picks pushing the 20 appearance barrier over the course of the whole day were: HTX (21), XCO (24), HNT (20), BBD (20), EXC (28), WYN (22), EIX (23), PEG (28), SLF (24), STA (30), PXR (26), LI (20), SCG (29), GRS (21), FAF (32), and CYH (23).

The most intersting of the bunch was First American Corporation (FAF) as after a bright start it petered out later in the day. I have still to figure the best way to utilize this information. Below is an idealized day trade - but I wouldn't read too much into it without a real-world test.

Is it better to look for trendlines after "x" appearances, or to 'buy' a threshold break of "x" appearances and to sell once the stock fails to make "y" appearances over time "z"???



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


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