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 - possible
correction)
March 18
checklist (downtrend - possible
correction)
March 21,
checklist, downtrend
| Stock
Check List - Trending checklist
|
| Stock: MSO |
BUY/SELL Rating: -12.5 |
Date: March 21, 2005 |
| Indicator |
Confirming |
Negating |
| Trending
Indicators |
| Trendlines |
|
broke the $22 line |
| 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 convergence
|
+DI below -DI
ADX below 30 |
| Volume Indicators |
| Volume |
|
Volume downtrending |
| OBV |
|
Sideways |
| PVT |
|
Sideways |
| Patterns |
|
|
| Support/Resistance Breakout |
|
resistance
line broke |
| Candles |
|
Bearish
candle |
| Strength Indicators |
|
|
| RSI |
|
sideways |
| __________________________________________________________________________ |
| Points: |
1 positive |
13.5
negative |
Well, that
appears the end of a short correction,
short term indicators show more down.
Yet the ADX and MACD-H are still converging
giving some hope to the pattern.
Good points:
1) MACD-H
is converging, we are waiting for a
zero line cross to confirm.
2) ADX is
converging, we are waiting for ADX to
cross through 30, it has already crossed
25.
Bad Points:
All the rest.
This is still not an acceptable pattern,
we must have some form of trend confirmation.
So far only 2 warning signals are not
enough, also the warning signals show
the trend is slowing, NOT reversing.
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.
