Stocks to watch for week of 10/29 - 11/2

[brownsfan019]

Let's see what these puppies are up to since these were all long plays and the market was down today.

PMI - ugly. This downtrend may be too strong. Stop not violated but getting close.
RDN - up on Monday, down today. Not much happening thus far.
TGIC - not much happening so far.

Well, stocks sure can suck sometimes.

I guess when you are used to futures moving, stocks can seem like pulling teeth. As much as I enjoy screening stocks and looking for them, I am really thinking that I am best suited to just playing the indexes and futures. It's just so hard and time consuming looking for stocks that are worth playing and to be perfectly honest, that's a lot of extra work right now. I have a list of futures put together to watch on the dailys and probably best to stick with that for now.

[TinGull]

And you can absolutely position trade things like the cash Russell and SPX or OEX and MNX...if you wanted to.

I've got a list of about 50 ETF's/stocks that I watch and I don't go screening for other things anymore. Makes life a bit easier.

[aiki14]

	Quote:	brownsfan019
	We may be onto something here Tin - with my candle analysis and your VSA confirmation... hmmm... can you say 'hedge fund' PS I am not joking.

Here's a good resource for that endeavor:
http://www.hedgefunddynamics.com/?gc...FQ2SHgod8hgtXA
You can get the Hedge fund regs and compliance book free.
Good Luck

[TinGull]

XME is interesting...had a real nice resistance point right around 68 bucks and then it broke on slightly increasing volume, and then the failed breakout. It's still in an uptrend channel, but will be interesting to see how this one pans out.

[brownsfan019]

	Quote:	brownsfan019
	Let's see what these puppies are up to since these were all long plays and the market was down today. PMI - ugly. This downtrend may be too strong. Stop not violated but getting close. RDN - up on Monday, down today. Not much happening thus far. TGIC - not much happening so far.

Wow, those were incredibly bad plays. I think a little more research will be needed on stocks before I consider getting back into these plays.

Let these be a good lesson - just buying hammers on volume is not enough. I knew that going into them, and it just provided another reminder of buying hammers with no support.