Mike
09-17-2011, 11:33 AM
Currently I am long GLD, ALXN and EDU
With the quadruple witching volume yesterday 22 stocks in the IBD 50 met pocket pivot volume signatures:
AH AAPL PRGO GOLD HANS RGLD EZPW SLW CRR DLTR V CERN IAG TDG ABX EGO WPI ROST CHSI HUM CXO MNTA
MA closed down 0.28% near the top of the range and might qualify as a pocket pivot also.
O’Neil mentioned 12 stocks in a recent interview, 6 of them had pocket pivots yesterday:
AZO CL PSMT DLTR HANS AAPL
Other pocket pivots of interest:
CHKP ABX CAN PAY GOOG (below 50-day) GILD COH FOSL (below 50-day) PII MSFT KLAC INTC INTU ROST BMY CHPD WFM WYNN EZPW CEVA JOBS COH CRM SYMC
TIF and AAP closed slightly negative on pocket pivot volume
With the usually high market volume associated with quadruple witching, pocket pivots should be viewed with this in mind and perhaps look for other signs of strength in a stock in addition to just the action of yesterday.
With the quadruple witching volume yesterday 22 stocks in the IBD 50 met pocket pivot volume signatures:
AH AAPL PRGO GOLD HANS RGLD EZPW SLW CRR DLTR V CERN IAG TDG ABX EGO WPI ROST CHSI HUM CXO MNTA
MA closed down 0.28% near the top of the range and might qualify as a pocket pivot also.
O’Neil mentioned 12 stocks in a recent interview, 6 of them had pocket pivots yesterday:
AZO CL PSMT DLTR HANS AAPL
Other pocket pivots of interest:
CHKP ABX CAN PAY GOOG (below 50-day) GILD COH FOSL (below 50-day) PII MSFT KLAC INTC INTU ROST BMY CHPD WFM WYNN EZPW CEVA JOBS COH CRM SYMC
TIF and AAP closed slightly negative on pocket pivot volume
With the usually high market volume associated with quadruple witching, pocket pivots should be viewed with this in mind and perhaps look for other signs of strength in a stock in addition to just the action of yesterday.