8/21 MWL Recap - Erin's Favorite Scans - Sector Rotation | MarketWatchers LIVE

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What Happened Today?

Erin's Favorite Scans Workshop (0:21:12):

Below are the scan codes for the scans discussed:

GENERAL PMO SCAN:

// Narrows down the universe to stocks with decent volume and from the US
[type = stock] AND [Daily SMA(20,Daily Volume) > 100000]
AND [country is US]

// Keeps the penny stocks and high volatility stocks out of your results
AND [Close > 10]

// This identifies a PMO that hasn't yet had a positive crossover its signal line
AND[today's PMO Line(35,20,10) < today's PMO Signal(35,20,10)]

// This identifies a PMO rising for three days
AND [today's PMO Line(35,20,10) > yesterday's PMO Line(35,20,10)]
AND [yesterday's PMO Line(35,20,10) > 2 days ago PMO Line(35,20,10)]
AND [2 days ago PMO Line(35,20,10) > 3 days ago PMO Line(35,20,10)]

//This ensures we get a positive IT and LT Trend Model configuration
AND [today's ema(20,close) > today's ema(50,close)]
AND [today's ema(50,close) > today's ema(200,close)]

//This identifies stocks with SCTRs greater than 75 or in the "hot zone"
AND [SCTR > 75]

FOCUSED PMO SCAN:

// The "universe" you are scanning:
[group is SP500]
OR [group is SP600]

// PMO has not yet had a crossover:
AND[today's PMO Line(35,20,10)<today's PMO Signal(35,20,10)]

// PMO Rising for last three days:
AND [today's PMO Line(35,20,10) > yesterday's PMO Line(35,20,10)]
AND [yesterday's PMO Line(35,20,10) > 2 days ago PMO Line(35,20,10)]
AND [2 days ago PMO Line(35,20,10) > 3 days ago PMO Line(35,20,10)]

// Positive Line-up of EMAs 20-EMA > 50-EMA > 200-EMA (Implies Stock is in an IT or LT Bull market:
AND [today's ema(20,close) > today's ema(50,close)]
AND [today's ema(50,close) > today's ema(200,close)]

//This identifies stocks with SCTRs greater than 75 or in the "hot zone"
AND [SCTR > 75]

BOTTOM FISHING SCAN:

// Narrows down the universe to stocks with decent volume and from the US
[type = stock] AND [Daily SMA(20,Daily Volume) > 100000]
AND [country is US]

// Keeps the penny stocks and high volatility stocks out of your results
AND [Close > 10]

// This identifies a PMO that hasn't yet had a positive crossover its signal line and PMO below zero
//AND[today's PMO Line(35,20,10) < today's PMO Signal(35,20,10)]
AND[today's PMO Line(35,20,10) < 0]

//Trend Model Configuration with only ST Trend Model on BUY
AND [today's ema(20,close) < today's ema(50,close)]
AND [today's ema(50,close) < today's ema(200,close)]
AND [today's ema(5,close) > today's ema(20,close)]

//This identifies stocks with SCTRs less than 75 but greater than 20
//AND [SCTR < 75]
AND [SCTR > 20]

SCAN FOR DOGS:

// The "universe" you are scanning:
[group is SP500]
OR [group is NDX]

//PMO that isn't on a SELL signal, falling for 3 days
AND[today's PMO Line(35,20,10) > today's PMO Signal(35,20,10)]
AND [today's PMO Line(35,20,10) < yesterday's PMO Line(35,20,10)]
AND [yesterday's PMO Line(35,20,10) < 2 days ago PMO Line(35,20,10)]
AND [today's ema(20,close) < today's ema(50,close)]
AND [today's ema(50,close) < today's ema(200,close)]

//SCTR not in the hot zone
AND [SCTR <75]

Ten in Ten Before One (0:50:58):

In this regular segment, Tom attempts to review ten charts in ten minutes. Send in your symbol requests via Twitter (@mktwatcherslive) before the show or using the live chat box during the LIVE program and we'll try and add them. We'll also check our email for symbol requests before the show (marketwatchers@stockcharts.com). You'll find all of the charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.