Amazing what a scan can yield when you're bored:

Gleaned from a free Google Finance scan:

Debt free and paying at least a 7% Dividend yield:

I'll follow this up with a few of the choice charts some time later this weekend.  Have a great Labor-less Labor Day.  Boy that Obama stimulus package needs a little blue pill.

TOL

How bout Long Toll Bros. with a stop below yesterday's open of 21.49 on a breakout of the long term triangle. A loose stop for a long term trade below the fib line of 20.90.

XHB

Maybe nibbling on some housing stocks with a possible bull flag on the XHB. Getting out if drops below the 14.25 mark.

GLD - Much adieu bout nothing

Don't be a chaser if you've missed the move. Looking for Gold to hit some major resistance and consolodate the hyped move to 1000. Set your short orders for the other side of the $1000 landmark landmine and wait for the pullback to the fan line to take profits. Set your stop above 101.

SPY

Which way will it break?

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DOW 30

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BAC

Hope you took the Bank of America short on the trend break, but it's time to cover for now. Reload the short above 18.10 for a harder fall.

IWM

Banks got the biggest hit and are at the bottom of the upward channel.

DIA - 20 day 30 min

Hmmm, a break of 95.23 sma and then a fib line at 95.44 and a LOT of consolodation at 94.51......

With everyone looking for a pullback be wary of a blowoff top. Meaning - speculate long and wait for the confirmation things are REALLY rolling over. The sky is not falling YET chicken-little, but it is coming soon.

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$SPX

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MO - Breakout trade

I posted some longer term charts on Altria last night and thought I'd lay a basic long trade out for any newbies. I'm seeing last weeks trades as the formation of a Bull flag consoldation for a move to the next fibonacci line at 19.50.

A stop should be placed just below last weeks low of 18.01 giving a bit of room for pick-off plays by the big boys - say 17.91 or so.

Altria just INCREASED the dividend and the yield is now 7.5% on a very stable cash cow company.

$INDU

MO 2yr daily

MO - 5yr weekly

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MO

Impressive....

GLD

GMR-Update

Bottom fishing and caught a gap up.....Posted early last week at $7.36

XHB

BAC

Getting short Bank of America on break of trend.

AMZN fans on a weekly

Fans still working on Amazon.