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Utilities SPDR (XLU)

 Nov 06, 2008 06:00 AM UTC
Symbol Sentiment Start Return Closed
XLU n/a
POM n/a
CNP n/a
ED n/a

Graphic_arrow1 Via Short-Term Trading:  




Only CenterPoint Energy, Inc. (CNP) printed a 20-day high. Consolidated Edison, Inc. (ED) is the only to trade above its 20-50-100 day moving averages. Pepco Holdings, Inc. (POM) has printed 4 consecutive down closes. Most stocks are trading above their 20-day moving average. The first resistance is at $30 and then $33.

In the Figure you can see a summary of the trend conditions of the Index stocks. I used the 20, 50, 100 and 200 days moving average of the close. The background is Green when the close is > than the moving average. Red when it is below and yellow when it crosses. + and - indicate the slope of the moving average.

RANGE ANALYSIS
I have also programmed Tradestation Radarscreen to display:
- range of the past 20 trading sessions (%);
- % from the lowest close of the past 20 trading session. The cell
is RED if the close of today is the lowest close of the past 20 days.
- % from the highest close of the past 20 trading session. The cell
is GREEN if the close of today is the highest close of the past 20 days.
In the other columns I included the % of the close from the 20,50 and 100 days moving average.

CONSECUTIVE UP/DOWN CLOSES
I have programmed the Tradestation Radarscreen to display how nany consecutive up/down closes have been printed and what is the probability that the next day tomorrow) the asset closes in the opposite direction. I have calculated the probability using the past 1000 trading days.


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