Runner's Rascals

[Runner]

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[Runner]

Here are a few I’ll be looking at next week and why (short term)

IVAC- stock is currently in first pullback (P/B) after dropping out of base. Stock did trigger on 5/24 and come back in. I think stock may offer 2nd entry below Fridays low. If pop above 5/23 highs I’d continue to stalk to see how it acts at the bottom of the prior base. Were looking for about 2.70 points on the trade.

MBT- has recently been running sideways since april. It tried to pop out of its base but was quickly rejected. Stock gaps lower on 5/15 and few days later falls out of the base. This stock is currently in a first P/B with possible trigger under Fridays lows. We are looking for 2.41 points.

FCS- this stock has a nice trend that has formed off the highs in may. It is currently in P/B mode and we are looking for 1.30 points off Friday’s lows.

NSS- has a nice trend starting to forum and for now this trend is down off the May highs. It also is in a first P/B mode. We are looking for 4.17 points under Friday’s low.

CMC- had a gap against prior trend. I view this as a change in character and is currently in first P/B mode. We are looking for 2.89 points under Friday lows

GLG- is a gold stock and currently had a gap down off new highs. Gold stocks will often gap around and it is currently testing this gap. A break down from Friday’s lows may signal more downside. We are looking for 4.43 points.

Other stocks we will be looking at is PEIX HERO UNT TX OS DRQ SWN SU

Now these set-ups will change if no trigger. I may follow then higher and or cancel if bullish action forms and I think trend is changing. Most of these are first pullbacks and this does not guarantee the stocks will continue to slide. Many have some tough resistance to work through and so we shall see how things transpire. I also do not rule out the possibility of some returning to prior highs. We will just need to see which direction the wind is blowing…..
I should also mention we will scale out ½ position on target and trail with stop based off close in attempt to capture larger gains. Should any of these trigger…….

[Runner]

Few triggers off above list.

[DSteckler]

Few triggers off above list.

Which ones?

[Runner]

Here are a few I’ll be looking at next week and why (short term)

IVAC- stock is currently in first pullback (P/B) after dropping out of base. Stock did trigger on 5/24 and come back in. I think stock may offer 2nd entry below Fridays low. If pop above 5/23 highs I’d continue to stalk to see how it acts at the bottom of the prior base. Were looking for about 2.70 points on the trade.

MBT- has recently been running sideways since april. It tried to pop out of its base but was quickly rejected. Stock gaps lower on 5/15 and few days later falls out of the base. This stock is currently in a first P/B with possible trigger under Fridays lows. We are looking for 2.41 points.

FCS- this stock has a nice trend that has formed off the highs in may. It is currently in P/B mode and we are looking for 1.30 points off Friday’s lows.

NSS- has a nice trend starting to forum and for now this trend is down off the May highs. It also is in a first P/B mode. We are looking for 4.17 points under Friday’s low.

CMC- had a gap against prior trend. I view this as a change in character and is currently in first P/B mode. We are looking for 2.89 points under Friday lows

GLG- is a gold stock and currently had a gap down off new highs. Gold stocks will often gap around and it is currently testing this gap. A break down from Friday’s lows may signal more downside. We are looking for 4.43 points.

Other stocks we will be looking at is PEIX HERO UNT TX OS DRQ SWN SU

Now these set-ups will change if no trigger. I may follow then higher and or cancel if bullish action forms and I think trend is changing. Most of these are first pullbacks and this does not guarantee the stocks will continue to slide. Many have some tough resistance to work through and so we shall see how things transpire. I also do not rule out the possibility of some returning to prior highs. We will just need to see which direction the wind is blowing…..
I should also mention we will scale out ½ position on target and trail with stop based off close in attempt to capture larger gains. Should any of these trigger…….

Few here Dave...

[Runner]

NB I put in last 5 days volume as well. Now these need Further investigation and many very well may not be ready yet, as they are still pulling back. I’m going into the groups this weekend and see how things look.
AA
ABAX
AEOS
AMT
AMX
ANDE
ARII
ARW
ASEI
ASTE
ATI
BAS
BRY
BVN
CAL
CAS
CCJ
CHAP
CMC
CR
DO
DRQ
ECA
ERF
FCL
FCS
GLG
GMRK
GMT
GOL
GSF
HERO
HSC
ICE
IVAC
KCS
LTM
MAN
MBT
MDTL
MRTN
MTLM
NDE
NEM
NEU
NOV
NSC
NSS
NUE
NWRE
OS
PBW
PD
PEIX
PJC
RIO
ROP
RTI
RUTH
RVI
SSRI
STLD
STT
SU
SWN
SWSI
TAM
TEX
TSO
TX
UNT
VLO
WPSC
X
XTO

I took the volume out because the post was a mile long...hehe

This list currently has 62 losers and 13 winning thus far.

[Runner]

ECOL- looking for about 1.90 to scale and trail. Stop in at 27.58. Trigger line was 24.95..

[DSteckler]

Few here Dave...

I know they were from that list but I was curious as to which ones. Shorts or longs? Most are down due to the market action today.

[Runner]

ECOL- looking for about 1.90 to scale and trail. Stop in at 27.58. Trigger line was 24.95..

Well I guess I’ll find out if covering into the close was the right move or not. I changed up my plan as I was staring at the intraday chart. Oh well It can bounce from here or drop. I just don’t have a warm fuzzy on what is happening today and in the back of my mind I’m thinking market bounce… Well I’ll need to run my scans and see what all happened today…hehehehe

Not the first time looking over intraday charts has sent me covering....

[Runner]

I know they were from that list but I was curious as to which ones. Shorts or longs? Most are down due to the market action today.

Sorry Dave I thought it was obvious from looking at a few tickers what direction I was favoring….

[Runner]

Looking over my master list from last week looks like today was the trigger load day for shorts.

List shows 71 losers
And only 5 gainers.

I still see some drifters out here and not many new set-ups. Not that I had any intent on shorting this entire list but it simply served as a market bias.

[Runner]

LDG triggered Entry 45.13. Stop 47.31 tgt 42.95 scale and trail if it works out

Position size based off atr and 1% model in play

Stopped of of LDG short today...

[Runner]

Ran delta from last high in S&P to current, during this time the S&P was down 2.79%. The following groups have out performed the S&P.

[Runner]

Wonder if Health related stocks might run for a little while. Here is a link about cycles. Looks interesting to me. http://www.mrmarketishuge.com/showpo...9&postcount=13

[Runner]

Wonder if Health related stocks might run for a little while. Here is a link about cycles. Looks interesting to me. http://www.mrmarketishuge.com/showpo...9&postcount=13

Now I’m not saying we might be heading into a Bear Market. It is strange how this cycle thing has been moving. Notice the Utilities trying to perk up. Not sure what to make of this. I guess longer term one may tread with caution until we either take out old highs in the S&P or stall short and crash. Having reviewed health related stocks some look pretty good short term. What are your thoughts of the cycle in relation to the sectors?