Blog PostDucimus Plinius - Market Scan

Canadian Stocks


                
Market Scan
At the close on Wednesday 10 June 2009
                        The table below identifies the stocks returned on a scan of the Canadian and US markets using a "Stockcharts" search syntax I personally developed, in order to identify stocks likely to display the characteristics of stocks entering Stage II, as described by Stan Weinstein.            The            principal scan criteria are basically set to identify stocks whose            price is above their 150-day Moving Average and whose daily volume is            at least 50,000 and exceed by a margin of 3:1 the usual volume levels            displayed in the last 2 months.
                    
    
                                    Canadian Stocks
            Under $5.00 
            
            
                                    Over $5.00 
            
                    
                                    American Stocks
            Under $5.00 
            
            
                                    Over $5.00 
            
            
                                    The scan returns above only identify potential candidates. In that list, there is a mixed bag of stocks already well into Stage II, some are not at all.  Since I am only looking for stocks entering Stage II,            I must then examine each chart individually to determine whether the            stock actually shows potential to cross above the Stage II Neckline and            enter stage II; as described by Stan Weinstein. 
            Having examined the chart of each of the stocks listed above, TCF.V (CBM Asia Development Corp.) attracts my attention by displaying characteristics signalling a potential entry into Stage II. I therefore added it to my watchlist.
                    
    
I also have an interest in the following stocks which showed up on today's scan results:
                        Symbol 
                        Name 
                        Status 
                    
                    AAG.V                 African Gold Group Inc.                 On my watchlist. 
                    
                    AEZ                 American Oil & Gas Inc. 
                            On my watchlist. 
                    
                    ANX.TO 
                            Anaconda Mning Inc.                 On my watchlist.

Symbol	Name	Status
AAG.V	African Gold Group Inc.	On my watchlist.
AEZ	American Oil & Gas Inc.	On my watchlist.
ANX.TO	Anaconda Mning Inc.	On my watchlist.