Too Crowded

Almost every screen I’m running is returning a ridiculous amount of stocks.  This makes me a little uncomfortable here.  The imbalance on the bull side is staggering.  For all you technical traders, we are watching 9789 on the Dow.   That’s where I’d expect the next bullish run.  More importantly, I’m watching 9487.  If the dumb-people index is true, that’s where the market gets hit.  Interesting range, interesting game.  Traditional swing traders would take profits on a tape like this.

I changed the “emerging strength” screen, and now it’s looking like a “buy on the dip” screen.  So maybe something more like a, “recovering strength” screen.   0_O 

According the the results, these are all “buys” today:
Tenneco Inc. [[TEN]] The McGraw-Hill Companies, Inc. [[MHP]] Manulife Financial Corporation (USA) [[MFC]] Navistar International Corporation [[NAV]] The New York Times Company [[NYT]] Nokia Corporation (ADR) [[NOK]] The Phoenix Companies, Inc. [[PNX]] [[AGCO]] RSC Holdings Inc. [[RRR]] The Talbots, Inc. [[TLB]]

… let’s see how they do if we use a -10% or -15% change in hybrid PPT score as our sell trigger.  I still feel like the past two days will skew our data a little, so give me some time to figure this out.

And finally, Fantasy Football hates me.  I lost by one point this week.  ONE POINT!  That makes me 0-4.  Haha.  A player’s stats on one game does not have any effect on their next game (unless he is Drew Brees).  It’s all about match ups.  I’m slowly getting this.