Free Open Access: 5+ Consecutive Down Days

TradingMarkets subscribers have access to 16 quantitative stock indicators and another 17 quantitative market bias indicators. These indicators are derived from our proprietary database that includes millions of trades, and designed to give you a short-term trading edge.

There are 8 bullish and 8 bearish stock indicators, providing trading ideas for both rising and falling markets. When used in conjunction with the market bias indicators, traders can potentially achieve a substantial edge.

Each day, we provide free open access to one of these proprietary stock indicators. If you would like to access all 16 stock indicators, 17 market bias indicators, along with many other tools, click here for a free focus list comes from our 5+ Consecutive Down Days list, which will be available until around 1 PM Monday afternoon.

These are stocks that have closed down for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that close down for five or more days have shown positive returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge. To learn more about our research into stocks that make five, or more, consecutive down days, and how to use this information, click here.

Let's take a closer look a chart from the list above. Keep in mind that this is only one example from the indicator list, and that we are not recommending a trade in this particular stock. Traders should always create individual focus lists and radar screens based on their own information and trading strategies, instead of blindly following other people's recommendations.

WellPoint (WLP | Quote | Chart | News | PowerRating)

WLP is in a confirmed uptrend, trading above its 200-day moving average. Stocks trading above their 200-day average have had more winning days in the last 200 days than losers, so on a medium-term historical basis, this stock is a proven winner. In WLP's case, price is actually beginning to come close to the actual average, which technical analysts would call support. Notwithstanding common ideas about support, WLP is trading above its average, so by definition, this is an uptrending stock. Our database of literally millions of trades proves that historically, these types of conditions lead to short-term moves higher. The TradingMarkets mantra is to "buy weakness, and sell strength." When a technically strong stock begins to become stretched to the downside, the oversold conditions create a bullish edge.

You can find the full list here. Also, Check out our latest quantified research articles here. If you don't already have a TradingMarkets subscription, click here for a free 7-day trial. Check back daily for 7 Trading Ideas for Today, and develop your own watchlist of stocks with historically-backed edges.

John Lee
Associate Editor
johnl@tradingmarkets.com

Reminder: We are in no way recommending the purchase or short sale of these stocks. This article is intended for education purposes only. Trading should be based on your own understanding of market conditions, price patterns and risk; our information is designed to contribute to your understanding.