Multiple Signal Alert!

  • May 31, 2001
  • Duke Heberlein

Get in the habit of checking up on stocks when an alert is generated on the
java applet. Not every one, of course, as they often come fast and furious, but
train yourself to start looking at stocks when an alert pops up in a stock that
you like to trade, or is interesting for some other reason. I am often reminded
of this when I comb the sea of tradable stocks for setups to profile in the Insights
From The War Room.

 

Search Results

Total Records: 1    Viewing Records: 1 to 1

Newsfeed Time (EST/24hr) Symbol Headline
STK 10:47 KSS  touches
50 and 200 day moving average at 60.15

 

Kohl’s
(
KSS |
Quote |
Chart |
News |
PowerRating) came across the applet at 10:47. What I
found interesting was that it was hitting its 50- and 200-day moving average in
today’s session.

 

 

Upon closer inspection, I noticed KSS was also hitting the 38.2%
retracement of the leg up from the April spike low, and the 61.8% retracement of
the leg higher off the May low, which was the impetus for this morning’s profile
of KSS.

 

11:16:39

 Kohl’s (KSS)
is hitting both the 50- and 200-day moving average, in addition to two key
retracement levels. KSS is currently down 2.10 to 60.75 and is holding a 3-month
relative strength rating of 36 from TradingMarkets.com.

 

 

 

For swing and position traders, this alert is key for both
directions. If we are going to get a bounce, this is where it is going to
happen, with all of these alert zones converging on one another. Conversely, if
we blow all this potential support, the most likely scenario is at least a probe
and retest of the May low. So here is where you must play the waiting game.

Daytraders, on the other hand, need to be looking for a reversal
pattern here at the alert zones.

 

11:18:01

Intraday Setup Alert

Kohl’s (KSS)
is making a move out of a Haggerty 1-2-3 bottom. Kohl’s is now down 1.94 to
60.91.

 

Those of you familiar with Kevin
Haggerty’s Trading With The Generals strategies are aware of the 1-2-3
bottoming patterns. Putting the pieces together in this fashion in one of the
strategies that Kevin has covered extensively in both his seminars and video
courses.

 

 

 

Kohl’s managed to gain 1 point from the entry point, a quick hit
a daytrader could have taken advantage of. For daytraders there are two types of
entries, continuation above or below the prior high or low, and reversals. With
use of the TradersWire and the alerts
from the java applet, soon you will be spotting plenty of opportunity for both.

Until tomorrow,

Duke