Back in Reverse

Sometimes it's nice to be out of the market watching everything get cheaper. DNS -179, -47, -22.

Trades: none.

Other Thoughts

Tech is dominating the distribution day table with RBCN, CELL, and RVBD being 3 of the 4 stocks with 6 d-days (of the last nine trading days or so), followed by UTSI, SPRD, SIGA, AMD, MSCC, CSCO, BIDU, TNE and STEC (9 of 19) with five d-days.

Reversal alerts: t2 (12) & hlr (28) which is a lot more than I expected.

Many of the t2 alerts are showing good reversal indicators with good symmetry and enough of a sell-off and selling pressure to represent a meaningful reversal signal. Those signals represents a high likelihood of a rebound in a normal market ... not this one. There's too much downward pressure for most reversals attempts to prevail long enough to trade them. That said, for your watchlist consideration ...

t2 candidates with some growth and a decent reversal pattern are: CCIX, DPZ, KMT and maybe SPN.

hlr candidates with growth are (lowest forward P/E first) MAG, SPPI, FDS, BLKB, MRGE and LMNX. MAG has the strongest reversal indicator.

Please consider that I'm filtering on earnings and growth that is based on sales and earnings estimates that are likely to be revised downward in coming months.

For Real?

This rally was nice for a change. We'll see if it holds. DNS +123, +39, +16.

Trades: none.

Reversal alerts: t2: (37), hlr: (404). I think that's a record. Filtered for 50% yearly earnings growth over the next two quarters and sales and earnings acceleration, lowest forward P/E first: GSI FSC HL TRMB CRS GTLS ETFC VRSN & CRM.

TBL, HNR, UA

had a good day along with a few other stocks. NSTC comes off of the watchlist too. DNS +1, -4, +1.

Trades:

I didn't remember having a stop loss order in for PTEN. I did. -7.6%

Reversal alerts: (36) from the HLR script, (4) from the t2 script of which DMND, NKE, & ORCL are interesting. Of the other batch, SKH and GMCR might be of interest.

Familiar names AFL ANSS ARBA BWLD CELL CWTR FRPT HGSI IDCC IGY JWN PENN PX RDEN SIGA SKX SRCL STEI TRLG & WS appear. Note the number of retailers here.

Safety in the Sidelines

Out (or short) is the place to be. DNS -172, -41, -18.

Trades:

HCN hit its stop, -1.65%.

Value-sales port, +32.0%

That leaves me with shares of ARR, NLY, and PTEN, two of which are high yield REITs. I have options for JKS, PTEN and PTIE.

The value-sales portfolio fell to +32.0%.

Reversal alerts: (8). Those showing a profit are VMW, SIRI & JRJC.

Reprieve

That's one day without a sell-off. DNS +75, +9, +9.

Trades:

HCP hit the trailing stop, -1.92%.

TNP is the only shipper I track that hasn't been clobbered yet. So I shorted it with put options.

Reversals: (28). Filtered for sales and earnings growth and acceleration, lowest forward P/E first: TAL MENT GEO LH PAA HL & SIMO.

Cheaper By the Day

DNS -22, -26, -5.

Trades:

Visa took out the trailing stop, -0.89%.

Reversal alerts: Unfiltered. t2: MPX & QSII. hlr: AAP ATHN DRRX EBSB LOJN RDEN SEB & WES.

Couldn't Muster a Win

DNS -19, -1, -1.

Trades:

My last bit of STWD in a small account hit the trailing stop, -5.7%.

I moved three accounts into a holding pattern with REIT NLY, and bought shares for a larger account.

Reversal alerts: (37). Check out AEE and PHH.