Watch List for Thursday 10/14/09

The only half ass decent scan I could find even anything, REMOTELY, interesting, was the three day pull back scan. It seems everyone loves Dr. Pepper, at the top, personally, I am YUCKO on it, I drink caffine free diet coke, drowned in my favorite "stuff". It's definitely riding that 20dma higher, you may be early, or take a chance, and see how it reacts when it hits it again. GXP was interesting, because it found support at the 50dma two weeks ago, hit it again today, and rebounded, almost putting on a bullish reversal bar. I have no idea why I have DLM up there, other than I've eaten their fruit since I was a young'n. They've actually pulled back four days, but they are coming up fast on that 45 degree upsloping 50dma (OK, so it's only 43 degree's, sue me), and the gap area around 11, the reason I like it, is the R/R, I would NOT, want it, under that 50dma.
In running this scan, I was not only surprised to find out AZO had pulled back five days in a row, but it's actually been going down since April. LOVE IS FICKLE, AIN'T IT!!! I wondered why I hadn't been hearing any of the yelling screaming shouting crying sell side analyst on Da Street, pumping this thing lately.

I had a couple of surprises, after running the scans, number one, there were 73 bullish reversal bars today, in the Russell 1000, this, after virtually none have been showing up the last few days, I figured there would be none again today. In contrast, there were ZERO bearish reversal bars, which doesn't surprise me to much. Unfortunately, most of the bullish reversal bars look like AXS above, just absolute junk, just a whip around bar at the highs, like on that one, they took out stops from the last five days, and then closed it higher, the ROACH's! Anyway, if I had to choose even one half way decent one, it "might" be TE.

There was 138 NR7's today, the narrowest range day of the last 7 days, JPM is the poster child for them. It always gives me that warm and cozy feeling when Da Boyz gap the shit out of us in the premarket, then we can't do any thing with it after the open. Other big dogs that show this same pattern are GOOG, CSCO, HANS, WFMI, SNPS, NTAP, MCD, ADM, LVS, CRM, ERTS, MEE, NEM, AFL, and almost all the big name oil stocks, udder dan CVX and XOM.

I pulled my DOW 10K hat out today, from 1999, wooooo hooooo, I'll put it back, and keep it for the next celebration, IN 10 FRICKING YEARS!!!!!!!!!! It just udder-ly amazes me, at the absurdity, of the networks counting this stupid fricking thing down, I mean, FOX was just going off their stinking ROCKER!! Can you imagine, the, "CELEBRATION", going on it Mom and Pop's house hold, when they stop and think, that their stinking stocks have not done a DAMN thing, in TEN YEARS??!!!!!! Hang on to those money market funds, hahahahahahaha, they beat the shit out of STOCKS!!

Speaking of Mom and Pop, I saw an extremely interesting stat today, since the bottom in March (you know that one, Larry Crudlow brought it, and has been calling YOU an idiot, for not buying it), Mom and Pop have been piling into bond funds at an ALARMING rate, putting like 254 BILLION dollars into bond funds, and only like 14 BILLION, into stock funds, I'm talking about mutual funds of course. I have been out of my Vanguard bond fund since June, waiting for a damn chance to get back in, well, the TLT broke the 50dma today, and with all the hype over DOW 10K, we MIGHT, get the fund investor's leaving Dodge as fast as they can. That would be really COOL, as I could finally pile back into my favorites, BONDS, Woooooo Hooooooo! Just a PS here, I'm talking about the VWEHX.