Wednesday, June 27, 2007

Holy--530 Charts downloaded today, how to chose

Practically every REIT, financial, home builder and tech stock printed monster bullish engulfings today, making it impossible to pick a nice, short watchlist. Somehow narrowed it down to 14, but even then, I may have missed a couple. Also, of the 14, some are much better than others with respect to volume and sector. Here they are (not looking forward to typing and linking them all): KDE s, CPY s, DSPG s, JBX s, LFUS s, MTH s, SHFL s, AFFX s, BLC s, CBRL s, CTSH s, MCHP s, MAT s, and SBUX s. Also note that some have very large bars leaving the risk:reward highly skewed toward the risk if the stop loss is set at today's low! I also noted that when looking on Yahoo! after the close (~6pm EST) a lot of stocks had significant after hours drops--don't know exactly is going on, pre-FOMC positioning?, but it was a curiousity...

For now,
Masterjaz out

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