Saturday, April 7, 2007

WATCHES FOR THOSE THAT ARE TIME CRUNCHED

Someone asked for some stocks to watch on a blog, http://www.blondemoney.com, that I reply to once in awhile. Thought you might be interested as it's a pretty quick way to find some good potential runners, especially if you work during the week and are kinda crunched for time.

This method has been posted a few times on this blog as a play off the squeeze/volume /price increase filter.


Stocks at the top of my list I’m watching this week for a bounce.
ZROS BVSN SUF ONT ANO NNPP JDO WITM SDRG BMD BQI ASTI DSTI LJPC SIGA RPTN IVAN OVTI VION ESLR

The results:

The 20 stocks I had at the top of my list that I was watching for a bounce this week had a very good 4 day week overall.

It had 13 gains,5 losses and 2 break evens.

Of those 13 gains we had some real nice 4 day hits including:

ZROS +32%
RPTN +32%
BMD +27%
ANO +21%
SUF +16%
ONT +11%
ESLR +9%
ASTI +9%
SIGA +9%
IVAN +6%
BQI +5%

The 3 losers over 5% were:

WITM -14%
NNPP -10%
JDO - 7%


The overall performance of the 20 stocks was +7.4% for the 4 day week.

All 20 stocks had 3 things in common.
All were sitting in the pullback zone of ema13/sma20 after reaching the ubb recently.
All had had recent 8%+ gains.
All were above average dayrangers (the reason for the big gainers as when they start to go green,they often can go go)

These stocks were all found in less than 15 minutes with the scanning service I use,Stockfetcher.com and if you’re crunched for time you only need to run it once a week or so and keep the old ones on your list and wait for green.

BTW,regarding the pullback zone of ema13/sma20 that I have used the past few years,in recent months I have widened it slightly ( to ema 10/sma30 ) after reading about the TAZ (traders action zone) on http://www.swing-trade-stocks.com/
This zone gives a better visual and works as well or better than my orignal zone.
My thanks go out to Craig over there.



2 comments:

Muddy said...

From the list that hadn't bounced as of the open today we can add LJPC as another nice bounce hit today.

+25% at the close.

Laura said...

Also, LJPC is a good one to show the power of the 10/30 zone versus your original 13/20 zone.

On the 13/20 LJPC is below/out of the zone. On the 10/30, it is solidly in the zone for the past few days.