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 (downtrend)
March 14
checklist (downtrend)
March 15
checklist (downtrend)
March 16
checklist (downtrend - possible
correction)
March 17,
checklist, downtrend
| Stock
Check List - Trending checklist
|
| Stock: MSO |
BUY/SELL Rating: -9.5 |
Date: March 17, 2005 |
| Indicator |
Confirming |
Negating |
| Trending
Indicators |
| Trendlines |
|
downtrending |
| 20, 50, 100 day SMA's |
|
20 and 50 and 100 day SMA
above price line
20 and 50 day SMA cross |
| MACD |
MACD-H convergence
|
MACD downtrending
|
| ADX/DMI |
ADX small convergence |
+DI below -DI
ADX below 30 |
| Volume Indicators |
| Volume |
|
Volume downtrending |
| OBV |
|
Sideways |
| PVT |
|
Sideways |
| Patterns |
|
|
| Support/Resistance Breakout |
resistance line held |
|
| Candles |
tonbo
or dragonfly |
tonbo
or dragonfly |
| Strength Indicators |
|
|
| RSI |
|
Down |
| __________________________________________________________________________ |
| Points: |
2.5 positive |
12 negative |
This checklist
confirms the weakening of the trend.
A couple good indicators have started
to converge with the price line (specifically
the ADX line, ADX still needs to pass
30 and the DI's must cross, MACD-H needs
to cross zero to confirm). No confirmation
signals have been met.
According
to the candlestick pattern (tonbo or
dragonfly) the price does not know where
to go, this pattern has a very low reliability
as well is a good pattern to "wait
and see" on.
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.
