Welcome to Hawk’s Scan Sentry Report. It’s Mother’s Day, time to respect your mother… the source of your being…. which means that this is Sunday night with stock picks for early this week.
I’m keeping it simple this week after most of last weeks long picks turned against me or went nowhere by the end of the week; the exception was TNAV, a Triple Trender signal which was up 7.7% by the end of the week. My short picks all did pretty well last week as would be expected with a general market decline of almost 3%.
This week I am offering three longs and three shorts. These were identified by the TradeStation scanner looking for Pullbacks 23 and other signals. Please remember, these are projected to be short term positions but not day trading suggestions; and although stock selection is important, never make a trade without sound money-management principles in place. This would include a stop loss consistent with your risk tolerance. Here are this week’s picks…
All of these symbols showed recent signals in the Trend Exhaustion 1 (Radar2) indicator.
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 .