Thursday, December 19, 2013

New Long Signal for Thursday, December 19th

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With the close of markets last evening my timer systems are indicating a "new long" condition for stocks:



The challenge that I have here, which makes this a weak signal, is that we did not get a "full confirmation" from the intermediate timer system, which means that although yesterday appeared strong, it really wasn't as strong as in the past (relative to other times the timer has switched).

For this reason I'm cautious, and will only be looking at stocks that are breaking out on higher volume, as measured intraday.

None of the Effective Volume (EV) Divergence (www.effectivevolume.com) stocks pass my screening for potentials to the upside, but as many of you know, my screening time frames are much longer than those used by Pascal, the administrator of that site. This being said, the following stocks have good price/EV behavior over multiple time frames and are all in some form of GGT-long status:

ITT
EBS
OMCL
EVR
FNGN
UA
BWS
GMED
GNTX
HOMB
PEGA
WETF
AMTD
CLB
DORM
TW
ADVS
EJ
HEI
HIMX
PACW
PBH
PVTB
AYI
HTHT
HURN
SFUN
WX
HZNP
SAVE
AFFX
PRFT
GIII
PII
HF
IGTE
NUS
DDD
LIOX
MA
PCLN
WDR
MANH
SWIR
VFC
WIT
CONN
GA
JAH

Better EV stocks, with respect to timing, are at the top of the list.

Regards,

pgd