March 7 Jobs Report Intraday Trending Stock Scan

Mar 7, 2014: 1:56 PM CST

In the aftermath of the March 7th big “Jobs Report,” which stocks are topping our list of Intraday Trenders to the upside and downside?

Let’s start as usual with the uptrenders:

Uptrending Day Trading Stock Scan

Stocks at the top of today’s “Uptrending Intraday Trend” list include VF Corporation (VFC), Loews Corp (L), Coach Inc (COH), and Southwest Energy (SWN).

These stocks shows strength of intraday trend mid-day and will either continue the uptrend (trend day) into the close or else trigger a bearish reversal signal, most likely on the break under the rising 50 EMA (5-min chart as shown).

Here are our “Mid-day Downtrenders” for today’s session:

Salesforce.com (CRM), Freeport-McMoRan Copper (FCX), Philip Morris (PM), and Oracle (ORCL) are showing the strongest degree of intraday downtrend at the moment and are candidates for additional retracement (pro-trend) trades or aggressive intraday reversal set-ups should they occur.

I’ve had a few questions from swing traders as well, and yes, these lists can be used as idea generators for swing trading positions, especially breakouts from support or resistance on a higher timeframe.  These allow for additional analysis on candidates you might not have seen on other scan lists.

As always,  you can review prior scans to see the outcomes:

March 6th Trend Day Stock Scan

March 5th Trend Day Stock Scan

March 4th Trend Day Stock Scan

March 3rd Trend Day Stock Scan

February 28th Trend Day Stock Scan

February 25th Trend Day Stock Scan

February 24th Trend Day Stock Scan

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Corey Rosenbloom, CMT
Afraid to Trade.com

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Corey’s new book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).

3 Comments

3 Responses to “March 7 Jobs Report Intraday Trending Stock Scan”

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