$SNTS $CVG $HNZ $HEK $PCG - Watchlist 08/06/2012

I don't believe in this rally right now. Volume isn't strong and the market can turn on a dime with bad news from Europe or the US. Right now futures are up so let's play the charts. Here are $SNTS $CVG $HNZ $HEK $PCG - Let's see how these do this week. $HEK may be a longer swing trade.

Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition (2nd Edition)

Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition (2nd Edition)



This is a highly recommended book among technical traders. Highly recommended with excellent reviews. It covers a wide range of technicals including using many with up to date strategies.

Already the field's most comprehensive, reliable, and objective guidebook, Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition has been thoroughly updated to reflect the field's latest advances.

Selected by the Market Technicians Association as the official companion to its prestigious Chartered Market Technician (CMT) program,

Watchlist 07/30/2012 Review

TRV was looking for the move above 62.90 and this ran to 64.10 for a gain of over 1%!!!

ALL didnt trigger the short entry since volume and price wasn't significant under 20day. Gapped above the upper res level and ran. This gained 4%!!!

CLDX never triggered the long entry. Instead this died lol.

CFFN never triggered an entry.

FRC no play as this went sideways.

KIM gained over 3% on the move above 19.4.

Watchlist 07/30/2012

Watchlist 07/23/2012 Review

DDD dropped hard for a gain of 11%!!!!

HSIC no play as this gapped below the trigger price and declined from there.

FRX gapped down but tested the trigger price for an entry. Gained over 4%!! on the subsequent drop!!!

PCG gapped down as well but popped above the prev days low and open for entries. Gained over 2%!!!

TWO was a small gain of over 1%!!! Tested the 11 support in a weak market and held. A good sign. Entry could have been 11 or above HOD. Gains are based on prev day HOD trigger.

ROST was another small gainer of a little over 1%

SBAC held support at 55.5 and ran from there. This gained nearly 7%!!!

Watchlist 07/23/2012

Watchlist 07/16/2012 Review

KRNY never triggered an entry.

BEAM moved above 62.5 for a small 1% gain. Didn't last long as the markets tanked.

CHTR gained 4%!!! as it pulled back as expected and then ran. Nice trend here and new break out level.

BME posted a small gain of over 1%. Overall trend is still intact.

LF was a loser as this cracked through the 10.5 support hard. Posted on twitter that this looked weak.

PNW posted a small gain as well with a move of over 1%