Trend Day Trading Scan for March 3

Mar 3, 2014: 1:46 PM CST

Which stocks topped our “Potential Trend Day” names mid-day on Monday March 3rd, a day when the Ukraine news dominated the intermarket landscape?

Let’s start with our potential bullish trend day stocks (fighting the trend of the broader market):

Trend Day Trading Stock Scan March 3

Our bullish candidates include Lorillard (LO) which is breaking out of a daily chart ‘flag’ pattern, Reynolds American (RAI), Deere and Company (DE), and CF Industries (CF).

Which names topped our Downtrending List for the day?

Bearish Down Trend Day Stock Scan

These would be candidates for bearish trend day continuity (if the stock market continues to trade lower throughout the day) or aggressive reversal strategies:

Qualcomm (QCOM) topped our February 12th list, and International Paper (IP), Xylem (XYL), and Schlumberger (SLB) appear for the first time.

You can see prior “Trend Day” updates and see the outcome from the remainder of each session.

Ideally, most or all of these names will continue the intraday trend throughout the session, which allows for simple retracement (bull/bear flag) entries.

However, not all stocks that start with an intraday trend continue throughout the session.

Aggressive traders can play potential reversal set-ups that develop mid-day (for example, Schlumberger’s power-reversal candle off the $91.00 level might be such a candidate).

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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4 Comments

4 Responses to “Trend Day Trading Scan for March 3”

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    […] and downtrending (intraday) scan for March 4th?Here are our uptrending candidates mid-day:Unlike yesterday’s downtrend on the Ukraine news, today’s session is an opposite trend day up in the US Equity Markets, which causes us to focus […]

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    […] Unlike yesterday’s downtrend on the Ukraine news, today’s session is an opposite trend day up in the US Equity Markets, which causes us to focus our attention on similar uptrending stocks during today’s session. […]

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