12/11 Pre-Market Watch List (ATL/BTL stocks)

Part of my daily watch lists include stocks that are ATL (Above the line) or BTL (below the line). This means that they are above/below their 20, 50, and 200 day moving averages. I look for long trades in the ATL stocks and shorts in the BTL stocks.

I get screens for the Nas100, S&P500, and Dow30 stocks (These can be found at TradingMarkets.com's - Kevin Haggerty Professional Trading Service). I then sort the screens for highest 10 day average range to find the most volatile stocks.

ATL stocks:
S&P500- GS, BSC, SHLD, ATI
Nas100- SHLD, WYNN, AAPL, CTSH
Dow30- BA, XOM, MMM, IBM

BTL stocks:
S&P500- GENZ, CHRW, COF, ACS
Nas100- SNDK, GENZ, AMLN, CHRW
Dow30- None

For the swing trading watchlist I will be watching BIDU, ICE, OIH @148.55, LVS @97.50, WYNN, BYD @47.40.

Yoshinoya PRU and UNP

As I went into today the main thing I wanted to do was to lock in early profits and NOT trade the afternoons. The past 2 days were filled with morning profits that were later given back in the afternoons.

Here are the two trades that I took today: PRU was found off Briefing's pre-market gappers lists and UNP was from Hagg's (Kevin Haggerty) S&P 500 screen of ATL* stocks that have the highest daily ranges. I highly suggest that you check out the services over at TradingMarkets.com.






+352.00

*ATL stands for Above The Line meaning the stock is above its 20, 50, and 200-day moving averages on the daily charts. These stocks have momentum behind them and should be watched for daily/intraday volatility.