here is a couple stocks we are looking at closely as LONGS for the next week, at the surf shack: Papa Johns International PZZA: RSI (2) .38, STPR 8 Chipotle Mexican Grill CMG: RSI (2) .32, STPR 8 First Cash Financial FCFS: RSI (2) .72, STPR 8 Grupo Aeroportuario PAC: RSI (2) .46, STPR 10 Claymore Global Solar TAN: RSI (2) .67, STPR 8
http://www.tradingmarkets.com/.site...-At-Work-5-Stocks-Primed--For-Gains-81991.cfm Set ups at work is not a new on the job dating guide, but rather the short term stock trader's bread and butter. Locating shares âsetting upâ for short term moves is how traders make their money. Many so called set ups are based on trader legends and myths containing no real statistical evidence of their effectiveness, only hearsay and anecdotal claims keep these dubious ideas alive. We made the decision to actually test an assortment of short term stock set ups in a scientific and statistically valid manner. It was quickly learned that most of the traditional so called set ups are worthless providing the trader with no edge what so ever for profits. One would actually be better off randomly guessing then using the majority of the common set ups we tested. However, in our extensive testing going back to 1995 and covering literally millions of trades, several set ups have proven time and time again to provide the short term trader a significant edge in choosing stocks to trade for the 1 day, 2 day, and 1 week time frame. This article will review one of these proven set up methods and present 5 stocks meeting this exact criteria right now. It's called the 5 down days, RSI(2)<1, and Short Term PowerRating > 8 set up. Although it may look complicated at first glance, it's actually a very simple concept, let me explain step by step. First you look for stocks trading above their 200-day simple moving average. This assures that a strong upward trend is in place with the company. Next, you drill deeper into this list, finding those names that have fallen back for 5 or more sessions, yet are still above the 200-day simple moving average. The next step is to take this list and further shake it out to find names that the 2 period Relative Strength Index RSI(2) is less than 1. For further infor http://www.tradingmarkets.com/.site...-At-Work-5-Stocks-Primed--For-Gains-81991.cfm