Wednesday, September 12, 2007

Trade Ideas: PVX, LMAT, PIY, WIA vs CL, SGK, GE, XOM

The 50-day MAs again played their role as resistance, killing buying momentum and registering distribution days for some of the indices. The selling was readily apparent in the Trade Ideas scan; the "Top-8" list came in at a slow 47 minutes, while the "20-appearance" list was done in a more respectable 1 hour and 35 minutes. Until the 50-day MAs are breached on heavier volume one should be wary on putting too much money to work.

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.