Hawk’s Scan Sentry Report for Monday April 4
Welcome to Hawk’s Scan Sentry Report. This is Sunday night with picks for early this week. But first, here’s something to think about.
One of the reasons so many people do not make money trading the markets is because the mindset required to do so is often counter-intuitive to the mental habits we have developed to get this far in life. Today I want to discuss ‘Hope’. In our emotional and spiritual lives ‘hope’ is an essential element in the ongoing struggle against despair and cynicism. It is often the fuel behind a healthy curiosity and a reasonable ambition. It is a part of what makes children so beautiful, they are our hope for the future. Hope even played an enormous role in the election of our current national president. But trader beware…for there is no hope to be had in the financial markets. Your market positions are not your children! The entry to every trade should be prefaced with Dante’s famed inscription over the gates of Hades, “Forsake Hope All Ye Who Enter Here”; for when you find that your trading decisions are driven by, or even influenced by, hope… well, that’s when you know that you need a more specific trading plan.
So, prefaced by my own declaration that I have no hope invested in these stock picks but, given the appropriate entry conditions, I will have money invested in some; here are my offerings for entry possibilities early this week.
I have come by them by performing scans using the TradeStation Scanner tool configured with the Arps TTB Pullback23 and other filters, and then sorting the results on the RadarScreen with the Scan Sentry Toolkit applied. So, through the laborious efforts of technical analysis made so much easier by the Arps Scan Sentry tools, I have come up with several ideas to look at for entry possibilities for short term swing trade positions.
Here are the picks…
All of these symbols showed recent signals in the Trend Exhaustion 1 tool.
May the trend be with you,
Jan Arps’ Traders’ Toolbox is not an investment advisory service nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. Examples presented on this site are for educational purposes only. It should not be assumed that the methods, techniques, or indicators presented in these examples will be profitable or that they will not result in losses. There is a high degree of risk in trading. Readers using this information are solely responsible for their actions and trade at their own risk. Readers should always check with their licensed financial advisor .