If you're looking for new entries, watch these 4 stocks

THE DJIA

The shorts were profitably stopped out yesterday when 10453 was violated.  I am flat entering the open today.  The active channel figures are 10553--10427.  The 50 day MA is  at 10562  and the 200 day rests at 10539.  I have no directional bias today and will trade the system mechanically. Flat/no bias

OIL

My black gold trade has been flirting back and forth across the break even level of 65.88.  My confidence still remains high for a test of the 62 level soon. Short/profitable

US DOLLAR

I closed the dollar longs in the EUR/USD pair trade yesterday with nice profits at 1.2030.  I have been learning to aggressively daytrade this pair recently.  Every advance has been met with selling and a mean reverting strategy is currently working well in this arena. One lesson I have learned when it comes to daytrading FX, set stops will KILL you due to what appears to be the dealers propensity for sharp, unexpected spikes.  Daytrading/short bias

EQUITIES

(DAL | Quote | Chart | News | PowerRating) -- Keeping this one on the list for now.  The critical 1.03 go long level remains elusive. Flat/long bias

(ALL | Quote | Chart | News | PowerRating) -- The 200-day MA rejected Allstate's recent advance yesterday.  I am sliding the go short figure up to 52.47. Flat/short bias

(GOOG | Quote | Chart | News | PowerRating) - The internet bubble type advance actually seems to be slowing at this time.  Our short trigger is currently 303.97 Flat/short bias

(SIRI | Quote | Chart | News | PowerRating) -- This new addition to the watch list, picked Peter Lynch style, has disappointed.  Removing from list. Removed. 

(IBIS | Quote | Chart | News | PowerRating) --   Another little company I was expecting a nice pop from that has not materialized.  Removing from list. Removed\

(GLD | Quote | Chart | News | PowerRating) -- I am stepping into the metals arena with a short bias on the shiny yellow commodity.  The gold bugs are out in full frenzy due the recent upmove potentially indicating a top soon.  My short level is 46.13. Flat/short bias

(PALM | Quote | Chart | News | PowerRating) -- A nice gap down and the price stopping directly on the 200-day MA perked my interest in this one.  Here's the strategy: 30.03 long, 27.43 short. Flat/no bias

Best wishes in the market

Dave G