Hawk’s Scan Sentry Report January 9
Welcome to Hawk’s Scan Sentry Report. This is Sunday night with equities analysis from Jan Arps’ Scan Sentry Toolkit for the week beginning January 9.
After gapping up almost 20 points on Tuesday to begin the new year, last week the S&P futures contract closed less than 1 point away from where it opened. So this week I’m looking at stocks that actually went up or down while the rest of the market went sideways. These are stocks that I am watching for a continuation pattern. Consequently, many of the equities I’m looking at this week have had recent Flag pattern breakouts as identified by the Arps TTB Flags scanner of the Scan Sentry Toolkit. Here’s an image of the scanner.
The lighter green cells and the magenta ones represent Flag patterns that are setting up but have not yet broken out of their consolidation phase. Of course there are quite a few other set-ups in my Scan Sentry scanner as well, but we’ll discuss those another day. One of the reasons I like the Flags patterns is because they provide specific target objectives.
Here are a few of the stocks I’m looking at for short term profits (long and short) this week. Hopefully they will do better than the ones I published last week.
(Flotek has been showing a lot of accumulation since October. I expect it to reach its Flag target of $13.58).
(This one is a little riskier; but I’ll be watching it nonetheless).
May the trend be with you,
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