If you are a subscriber to our free newsletter service, our March issue describes how to develop a checklist when evaluating a stock. This will help take some of the confusion out of decision making.

Currently on our MSO watch, we have applied the checklist since March 06.

March 06 checklist (trend reverse)
March 07 checklist (downtrend)
March 08 checklist (downtrend)
March 09 checklist (downtrend)
March 10 checklist (downtrend)

March 11, checklist.

Stock Check List - Trending checklist
Stock: MSO	BUY/SELL Rating: -10.5	Date: March 11, 2005
Indicator	Confirming	Negating
Trending Indicators
Trendlines		downtrending
20, 50, 100 day SMA's		20 and 50 and 100 day SMA breaks
MACD	MACD-H slope change (not sufficient)	MACD downtrending
ADX/DMI		+DI below -DI ADX below 20
Volume Indicators
Volume		Volume confirms trend
OBV		Downtrending with price
PVT		Downtrending with price
Patterns
Support/Resistance Breakout	hit 2nd potential resistance line	-
Candles		short black candle Komas or spinning top (very low reliability)
Strength Indicators
RSI		downtrending
__________________________________________________________________________
Points:	0.5 positive	11 negative

Even though this may appear like a cup or bottom is forming, no technical indicators actually confirm this. Therefore this is still a downtrending stock according to this technical checklist.

The indicators applied to this checklist can be read about on our indicators page.

If you would like to see another indicator added to this checklist, let us know.