Runner's Rascals

[Websman]

Scan return tonight was 1,027 stocks and done looking through each one…hehehe!!

It's been scorching hot for the past few days...and you still feel like looking through 1,027 stocks? Man you must be tough...lol

Scan return tonight was 1,027 stocks and done looking through each one…hehehe!!

I consolidated my scans tonight of stocks still showing up as TRUE and looked over another batch. Thus far SEMI stocks still have the most out of my results. Here are the sector action showing the most possible set ups.

SEMI-BROAD LINE
SEMI-INTEGRATED CIRCUITS
SEMI-SPECIALIZED
SEMI-EQUIP & MATERIALS
Number of SEMI stocks=16

Second group is BUSINESS SOFTWARE & SERVICES
This group has 6 stocks

For the most part the rest are under 5 stocks in the group.

Punch List:
AB ADTN AGR AIRM ALTR AMD ASML AVCT BID BMC BOW BRCM BW CBRL CERN COHR CY EFII EGLT ESE FAF FDG FMER FORM FSL FTEK GOL HDB IDTI INFY ISE JBX JDAS KBAY KFI KLAC MBT MCHX MDCO MEDI MEOH MOS MSCC NOK NTLI NVDA PWEI RBAK REDF SNX STP THQI TRID TXN TZOO VCP WWGI WW

Following dropped off my scan as they left the mother ship:

TZOO NVDA MSCC MEOH AVCT

Here is a simple candle chart of MDCO. Notice the simple horizontal lines plotted at key areas of support and resistance. Remember once resistance is taken it now becomes support. What I like about this chart is that it appears to be building a support area right here at current levels.

Notice the congestive area from back in July. It did test the resistance line and finally popped out and had a retest of line in Aug. Resistance successfully held as support as buyers propped price higher.

Current action indicates a little indecisiveness on the bulls and this one may bounce off this area here and move higher. For this chart you know you would be wrong if price fell much below current level.

Only 2 swings open SYNA and NTLI.

I consolidated my scans tonight of stocks still showing up as TRUE and looked over another batch. Thus far SEMI stocks still have the most out of my results. Here are the sector action showing the most possible set ups.

SEMI-BROAD LINE
SEMI-INTEGRATED CIRCUITS
SEMI-SPECIALIZED
SEMI-EQUIP & MATERIALS
Number of SEMI stocks=16

Second group is BUSINESS SOFTWARE & SERVICES
This group has 6 stocks

For the most part the rest are under 5 stocks in the group.

Punch List:
AB ADTN AGR AIRM ALTR AMD ASML AVCT BID BMC BOW BRCM BW CBRL CERN COHR CY EFII EGLT ESE FAF FDG FMER FORM FSL FTEK GOL HDB IDTI INFY ISE JBX JDAS KBAY KFI KLAC MBT MCHX MDCO MEDI MEOH MOS MSCC NOK NTLI NVDA PWEI RBAK REDF SNX STP THQI TRID TXN TZOO VCP WWGI WW

Several trigger of punch list

15 stocks on list come from Semiconductor groups
Broad line
Integrated circuits
Specialized

5 come from Business Software & Services

Initial punch list

AB
AGR
ALTR
AVCT
BID
BRCM
CERN
CY
EGLT
ESE
FILE
FORM
FSL
HDB
IDTI
INTC
ISE
KFI
KLAC
MSCC
NGPS
NTLI
NVDA
PWEI
RBAK
REDF
SNX
STP
SYNA
THQI
TRID
TWTC
TXN
VCP
VRNT
WFR

Ninner, XPRSA does appear to be drifting. Possible short off Fridays lows. Caution should she pop over 23.00. I'm not sure about cloud to ground lightning...

[ninner]

xprsa

i think the short has been set up. I believe a dark cloud cover has occured at what i believe to be the trend line...LOOks good to me.

cheers

Well looks like things have been developing in favor of the bulls. I’m beginning to see technology starting to show signs of life. Here are some of the major Sectors that I’ll be watching.
Application Software
Computer Hardware
Internet
MuliMedia & Graphics Software
Semi
Telecom
Insurance

Possible Set ups:
ATRS
MU
ATMI
INFY
NTLI

Runner, I'm confused by that second one. I mean I understand the pie chart bit well enough; but what is the significance of the plum-colored rectangle and of the lines connecting it to the pie chart?

Rob, the plum-colored rectangle has zero purpose for the pie chart. I guess I selected the wrong pie chart.

[Rob]

Runner, I'm confused by that second one. I mean I understand the pie chart bit well enough; but what is the significance of the plum-colored rectangle and of the lines connecting it to the pie chart?

First chart compares this week’s stocks making new 52-week highs vs. lows.



This chart shows market bias as per Bull/Bear action. This chart simply shows where you stood the best chance of making money. Shorts did well this week.