TAM IN BUY TERRITORY

TAM broke above the top of the Darvas box and thus should be starting a new trend. Granted it is not a 52 week high like Darvas liked, but it was after period of consolidation and the accumulation/distribution ratio is climbing.

Click on the chart to enlarge it.

WW broke out of a 4 month base where the stock did nothing but move sideways. Since this is a new 52 week high this truly is a new Darvas box.

KNOT appears as if it is going to start trending up. It has popped back above the 20 day moving average for the second time in a month and this may be the bottom of a cup and handle. The reason it popped up on my search was the "Trend Reversal" search I created in Metastock. Picking stocks at the bottom of a cup-and-handle is risky so this trade is only for those who wish to risk it.

HSR moved back down into the previous Darvas box, but trading volume was weak. This could be expected in a stock that trades in low volume. Place a stop loss if a CLOSE below $10.60 occurs. That's the bottom of the new Darvas box.

MCO is looking good. The technical trades of IFOX and RBN were good performers. Too bad I didn't get in.

No change in Forex positions.

Good luck trading.

JD

INFO FOR ME:GLOBAL INTEREST RATES; NZD 7.5 > AUD 6.25 > GBP 5.25 = USD 5.25 > CAD 4.25 > EUR 3.75 >CHF 2.25 > JPY 0.5

38631529 FM, 38623275 FM, 38627642 FM, 38628670 FW, 38630224 FW, 57692517, 24491787, 24491775, 24491790, fx 10060819 optionaddict