A Few Stocks to Watch

Wednesday, April 16, 2008

A Few Stocks to Watch

I didn't have time to post any charts last night but it doesn't matter too much. There's still not much to get overly excited about, and caution is the name of the game right now. Here are a few to watch and be ready for if we can finally get some follow-through:

AEHR has pulled back to its breakout point and got support at its 20 day moving average. It is a very thin stock however so I would be extremely careful with this.
MRB had a nice day and seems poised to break above this flag pattern.
VISN is a new stock and has also pulled back to its breakout point and 20 day moving average. One worth watching.
OTEX is still holding up well and has formed a handle on its cup pattern after holding support.
BKE has had two straight up days on higher volume. Maybe, just maybe, if the market heads higher, it can break out of this flat base.

Unfortunately, that's about it. Not much else that looks tremendous. Sorry, but that's what the market is giving us. Good luck today and remain careful!

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Overall Market Timing Score

March 20, 2014 -2
March 19, 2014 +1
(Max Score +6, Min Score -6)

The Market Timing Score has six factors that I record on a daily basis. These include breadth indicators, moving average indicators, accumulation and distribution indicators, and overbought and oversold indicators.

The max score of the Market Timing Score is +6, but this is very rare. Typically a score of +4 or +5 tells you that the market is very bullish. A score of +3 or +2 tells you that the market is bullish, but there are a few reasons for concern. A score of +1 or 0 tells you that cash is the best place to be. The scores work the exact same way on the negative side for bearish markets.

Disclaimer

Chart Swing Trader is a website intended for the education of online stock traders. The website is an information service only. The information provided herein is not to be construed as recommendations to buy or sell stocks of any kind. They are simply the opinions of the author. It is possible that the editor of this blog may own, buy, or sell stocks presented. All investors should consult a qualified professional before trading any stock. The author is not an investment advisor. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts made by the author are committed at the reader's own risk, financial or otherwise.

Wednesday, April 16, 2008