TradingMarkets 7 Trading Ideas for Today

  • February 2, 2007
  • John Patrick Lee

Here are 7 stocks to watch for today. This list
comes directly from the
TM Stocks
Indicators page.

TradingMarkets subscribers can obtain the full
list of candidates and learn how to apply the results in actual trading by
clicking on the individual links. Subscribers can also use the TradingMarkets

Stock Scanner, to find potential setups, the

Market Bias Indicators, to help determine short-term market direction, and
the

Intermediate-Term Timing Models.



  • Stocks Ready to Surge

    These are the stocks that today made new 10-day lows that are still in an
    uptrend as they are trading above their 200-day moving average. They are sorted
    in rank according to how over-extended they are vs. their 10-day moving average.
    For example, the top ranked stock is trading the furthest distance from its
    10-day moving average on a percentage basis. Historically, these stocks on
    average have had larger than normal short-term upside reversals.

    General Electric
    (
    GE |
    Quote |
    Chart |
    News |
    PowerRating)

     




  • Low-Priced Stocks Ready to Surge

    These are the stocks under $10/share that today made new 10-day lows that are
    still in an uptrend as they are trading above their 200-day moving average.
    They are sorted in rank according to how over-extended they are vs. their
    10-day moving average. For example, the top ranked stock is trading the
    furthest distance from its 10-day moving average on a percentage basis.
    Historically, these stocks on average have had larger than normal short-term
    upside reversals. Please note: All stocks carry risk and low-priced stocks
    usually come with even more risk. Always use caution.

    Dobson Communications
    (
    DCEL |
    Quote |
    Chart |
    News |
    PowerRating)

     




  • Pullbacks from Highs

    Most successful momentum-based traders and money managers like to buy strong
    stocks after they pull back. TradingMarkets.com uses a proprietary
    mathematical model to identify up to 30 (in weak or choppy markets there will
    be fewer) of the strongest stocks that have pulled back from recent highs.
    These stocks should be considered potential candidates to resume their
    longer-term uptrends.

    Millicom International
    (
    MICC |
    Quote |
    Chart |
    News |
    PowerRating)

     




  • Trading Where The Action Is

    This list contains the most volatile stocks over the past 50 trading days. These
    stocks are only for the most aggressive traders who are willing to assume a high
    degree of risk in order to capture larger gains.

    Rackable Systems
    (
    RACK |
    Quote |
    Chart |
    News |
    PowerRating)

     



  • Stocks Ready
    to Drop

    These are the stocks that today made new 10-day highs that are still in an
    downtrend as they are trading below their 200-day moving average. They are
    sorted in rank according to how over-extended they are vs. their 10-day moving
    average. For example, the top ranked stock is trading the furthest distance
    from its 10-day moving average on a percentage basis. Historically, these
    stocks on average have had larger than normal short-term downside reversals.

    Circuit City
    (
    CC |
    Quote |
    Chart |
    News |
    PowerRating)

     




  • Pullbacks from Lows

    Most successful momentum-based traders and money managers like to sell weak
    stocks after they pull back. TradingMarkets.com uses a proprietary
    mathematical model to identify up to 20 (in strong or choppy markets there
    will be fewer) weak stocks that have pulled back from recent lows. These
    stocks should be considered potential candidates to resume their longer-term
    downtrends.

    Rogers Corporation
    (
    ROG |
    Quote |
    Chart |
    News |
    PowerRating)

     



  • Short Windows Candidates

    These are stocks which are in a strong downtrend, as determined by a proprietary
    trend filter and whose current bar has its low above the 4-day moving average.
    Historically, these stock on average have had a larger than normal short-term
    downside reversals. In order for us to have a sell signal, the 10-period ADX
    must be 30 or higher and the -DI must be greater than the +DI. Or we must have a
    14-period -DI reading of above 30 (with no ADX reading required). “Single
    Windows” are the most common type of Windows. They are simply a single bar which
    has its low of the day above the 4-period moving average. You will enter if the
    stock trades below today’s low.

    SM&A
    (
    WINS |
    Quote |
    Chart |
    News |
    PowerRating)

John Lee

Associate Editor

johnl@tradingmarkets.com

Reminder:
We are in no way recommending the purchase or sale of these
options. This article is intended for education purposes only. Trading should
be based on your own understanding of market conditions, price patterns and
risk; our information is designed to contribute to your understanding.