Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, July 22, 2010

Late night scan...

I've been scanning a lot of stocks late here tonight. Looking for the first type of stocks they run at the beginning of every new leg up in the market and which are the ones with deep monthly bar or weekly bars charts OBV divergences. I found five that qualified:

........Thursday's close........Limit Buy order placed at

MBI.........7.94........................8.00
PMI.........3.48........................3.51
RDN.........8.88........................8.94
BYD.........8.19........................8.26
CIGX........1.87........................1.90

By doing this if on Friday the stock trades just a little above Thursday's close, the buy order will be executed automatically and I will be in the stock.

Alan

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