I was recently asked about how I determine my “universe” of stocks. That is the stocks that I consider fair game to be traded. I use different filters for swing trading and day trading but they do have similar criteria. In both cases I’m trying to find liquid, volatile stocks. Once the filter’s applied I [...]
Posted by 24 September 2008
Watchlist for September 24, 2008
Posted by 23 September 2008
Watchlist for September 23, 2008
We’ve got talking heads (Fed Chairman Bernanke, Treasury Secretary Paulson, SEC Commissioner Cox and OFHEO Director Lockhart) testifying before the Senate Banking Committee this morning. At least while the testimony is taking place I expect the market to be on the quiet side and possibly a bit skittish. I’m starting to wish I was away [...]
Posted by 22 September 2008
September 22, 2008 Recap: Maybe We Should Ban All Selling
THis has to be the dullest greater than 2% selloff I’ve ever seen. In fact the indices were down about 4% and volume dropped drastically from last week’s levels. There was practically nothing hitting my scanner due to the fact that I have a volume surge filter. Today almost felt like a session right before [...]
Posted by 22 September 2008
Watchlist for September 22, 2008
This should be another interesting session. We’ve got some selling pressure this morning and Friday’s huge gaps are sitting there begging to be filled. I just wonder if the “new rules” we have will prevent folks from helping the gap fill along. Interesting times… P.S. Isn’t this a great logo for a site, especially a [...]
