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Equity curve for Trading System no2.

382% Model portfolio performance for 2005!


 
Closing Numbers (Stocks to Watch)
at 2006-03-22 12:07:08

One quick note, other than AXYX, all of the trading ranges for the stocks below, were unchanged since lunch time.

AXYX - $1.21, up .03, on average volume, although it did pick up a bit in the afternoon. Range was $1.15 to $1.25. A nice day for the stock, as it finally broke through $1.20. Unfortunately, we did not see the larger move I had anticipated after this breach. The volume was improved today, but apparently not enough for a good run. There was resistance at $1.25, which is a little lower than I expected it to be, I thought we would run into some between $1.26 and $1.28, which is where the stock had trouble the last time it was at this level (September 2005). For tomorrow, I am hoping for more volume, and a bigger push up. We'll see. I'll go over the chart tonight.

MZ - $1.52, unchanged, on low volume, which dropped off in the afternoon. Range was $1.50 to $1.54. As mentioned earlier, the stock broke $1.53 resistance today, but was unable to capitalize. I thought that might change in the afternoon, but the volume dropped way off, and then the market makers piled on top of the ask at $1.52, which capped it. Looking at the chart, the MACD is about to go positive, and the trend is still good, as it had a higher high, and higher low today. Which would indicate that we will have a better day here tomorrow. See current chart below:

SGEN - $5.53, down .03, on above average volume, which did increase in the afternoon. Range was $5.37 to $5.60. Despite today's drop, the stock had a decent day, as it had a higher low, and higher high than yesterday. Unfortunately, the stock never did make into the $5.67 to $5.70 area, as I had expected. Looking at the chart, I think there is a still a shot for that tomorrow, if the volume can pick back up. If not, we may see the stock stall out around $5.60, and then consolidate for the next couple of days, before it makes another good move up. Looking beyond the next few days, a Golden Cross is about to be formed, which is bullish. See current chart below:

SPSC - $.96, down .03, on very low volume. Range was .95 to .99. As mentioned earlier, there was not much to talk about with the stock today. It did stay well above yesterday's low, but was also well below the high. Looking at the chart, the MACD still looks weak, and the RSI is pointing down. I am still of the inclination that this will be heading down in the very short term. Look for support at .91, and resistance at .99. See current chart below:

There was not any news for the stocks that we follow today.



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