Scanning Stocks
Each day I am going to preview a few of the strong uptrend stocks using Market Club’s Smart Scan Technology. This will give you guys just a bit more information for your trading day!
Uptrend
BANK of AMERICA CORP (NYSE: BAC)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term uptrend Uptrend with tight money management stops. Based on a pre-defined weighted trend formula for chart analysis, BAC scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
Uptrend
SPDR FINANCIAL SECTOR ETF (PACF: XLF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops. Based on a pre-defined weighted trend formula for chart analysis, XLF scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
Trend Analysis is a daily email analysis tool that gives me insight into exactly what my portfolio is doing. This link takes you to get your first symbol analyzed and from there you can easily add more symbols to get a daily update, which I find very helpful. There are only a few quality sites out there that provide FREE high quality trading tools.
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