Monday, July 25, 2005

Markets Pullback

It is nice to see the markets start to take a rest. After this very strong bullish phase of the market, there has been a rash of uber-bullish talk recently. Even though, the terrorist talk does add a "wall of worry" to climb, the majority of market talk has been, recently, crowded to the bull side.

Nothing changes, long term or short term, all the indexes are still up. However, a move down tomorrow will throw the Nasdaq into a short-term downtrend. All other trends, on the other hand, remain long and strong.

New Swing Longs: LABL THRX FLSH TRAD HYC NFLX CHU

Swing Longs Outperforming the Market: TGE FORD CERS XWG VIVO ENG NGPS BCON ABP ANX DESC WHR AWGI OFI GTF

Swing Longs Worth Watching For An Entry: MED

New Swing Shorts: DRYS TSU TRI GEPT

Swing Shorts Outperforming Market: JAKK JNPR EMAG(setting up again)

I never give my sells or covers, since I do not get paid for this. However, a free look at the stocks I sold for profits today should give you an idea of things I look for in taking profits. ONNN DSTI ANGO FRGO

Aloha!!

2 comments:

Anonymous said...

Josh,

Do you know of any good alert programs if I tell it to give me an alert if the volume goes so much or the stock goes over the a certain price and etc?

THanks

Joshua "MauiTrader" Hayes said...

Tradestation
RealTick
Interactive Brokers

Every single online real time broker will do this.