Market Scan
At the close on Friday 9 October 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 
|
Canadian Stocks Over $5.00 
|
| The scan returns above only identify potential candidates. In that list, there is a mixed bag of stocks about to enter Stage II, some are 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, the following stocks attract my attention by displaying characteristics signalling a potential entry into Stage II. - MVN.V (Madalena Ventures Inc.)
- NUS.TO (Nautilus Minerals Inc.)
- OSR.V (Oro Silver Resources Ltd.)
I therefore added them to my watchlist. |
I also have an interest in the following stocks which show up on today's scan results:
Symbol
| Name
| Status
|
| FWR.V | Freewest Resources Canada Inc.
| In my portfolio. |
GQC.V
| GoldQuest Mining Corp.
| On my watchlist. |
GVX.TO
| GrandView Gold Inc.
| In my portfolio.
|
RPM.V
| Rye Patch Gold Corp.
| On my watchlist. |
SLK.V
| Selkirk Metals Corp.
| On my watchlist. |
