Welcome to Hawk’s Scan Sentry Report. This is Sunday night with equities analysis from Jan Arps’ Scan Sentry Toolkit for the week beginning December 19.
The winter darkness is approaching it’s deepest and longest phase of the year; and all of the cultural celebrations which are (coincidentally?) celebrated this season are drawing attention and volume out of the American markets which I look at here in this blog every week. A consequence of this is that the markets may be moved with a bit less volume and enthusiasm than at other times of the year. Personally, I do not expect to be trading (much) this week.. but I’ll still offer a few stocks to look at which the Arps Scan Sentry Toolkit has identified as potentially tradeable.
Before listing those equities however, I want to take this opportunity to thank you for the time you take to read these posts, and for your interest in the suite of Arps of tools. I hope that the New Year will enable your heart to be filled with the precious things in your life; and that your trading account can also be fulfilled.
Here are a few ideas to look at for short term trading opportunities.
_____Longs_____
BBCN
(Pullback into the Triple Trender within a flag breakout pattern, and Radar2 Price Leader preparing to give a buy signal ).
FTI
(A pullback into resistance after a flag pattern breakout. This one created a ‘Bullish Trend Divergence” ).
_____Short_____
FDS
(Bearish Triple Trender alignment with recent cross into bearish Radar3 Trend Strength indication. Potential Bear Flag breakout ).
May the trend be with you,
Hawk