5/28/2014 Comments

We had a follow-through day yesterday. The MarketSchool threshold of 1.25% was not quite met but the IBD call was quite reasonable given the action of leading stocks and that the NASDAQ is trading above the 50-day and the lows have been trending above the 21-day ema. A new watch list has been uploaded to the stock selection area. Because of the FTD the shorting list is empty even though DDD would be working. I entered ENBL yesterday even though the action yesterday showed significant stalling. As long as it stays above the 50-day I will keep it. KORS reported and may be interesting.

[QUOTE=mscott;28079]We had a follow-through day yesterday. The MarketSchool threshold of 1.25% was not quite met but the IBD call was quite reasonable given the action of leading stocks and that the NASDAQ is trading above the 50-day and the lows have been trending above the 21-day ema. A new watch list has been uploaded to the stock selection area. Because of the FTD the shorting list is empty even though DDD would be working. I entered ENBL yesterday even though the action yesterday showed significant stalling. As long as it stays above the 50-day I will keep it. KORS reported and may be interesting.[/QUOTE]

Mike, Thanks for the comment. Regarding ENBL, Do you mean the 10 or 20 which are now converging since the stocks trading history is too short for the 50?

Best,

Pablo

[QUOTE=barbados11;28084]Mike, Thanks for the comment. Regarding ENBL, Do you mean the 10 or 20 which are now converging since the stocks trading history is too short for the 50?

Best,

Pablo[/QUOTE]

Yes I do mean the converging 10-day sma and 21-day ema which have converged.