NO COMMENTARY TODAY
New Swing Longs: AOB NX LKQX NOVL HOKU ALY TRAD ECLP LWSN MXWL BRLC
Longs Outperforming Market: TGC CNVR ABP TDW INFA ESV PDE THE ARD CKH OXPS BMD DEPO ENER PFWD VRTX PMU ICGE CHB ESLR HAWK MCF WVCM
New Swing Shorts: WCG TZIX
Shorts Outperforming Market: LHCG
Thursday, September 29, 2005
Wednesday, September 28, 2005
A Day Much Weaker Than It Looked
The markets mixed their closes for the day, with the markets up .1% to down .3%. Volume also rose across the board, indicating churning and indecisivness on investors part.
The SP600 had its 5th distribution day since the ugly rally started on 9/6. This is nothing like the action I saw after the April/May bottom when virtually zero distribution days popped up after it started its move. The market then continued to go higher and higher, pulling back on low volume.
With Oil/Energy and Gold sectors outperforming and some Food stocks getting involved, it is starting to look like the market is ready to give up the rally. Add to that the continuing weakening thesis of the "tech rally" and you come to a conclusion market doesnt feel so good.
But right now, we just dont know, because the market is flat-lining. Some could call this base building but a lot of stocks are really extended and building late stage bases for this to be a base building stage leading to new highs.
Bottom Line: The market doesnt look or feel good right now. I guess we continue to wait and see what will happen, since we are getting no help from the indexes. But remember all the "poker tells" indicate a weak market about to get weaker.
I wish you all GREAT luck.
New Swing Longs: WITS TGC SONS ROYL QVDX FTEK PKE EWST
Longs Outperforming Market: OMNI ABP GMXR ARD KNDL ASF THE ENY PFWD HEC PMU MUSE NSC SPNC SNG ZIGO JCDA
New Swing Shorts: AMHC VCG SVR LHCG
Shorts Outperforming Market: JVA CNTF CWTR
The SP600 had its 5th distribution day since the ugly rally started on 9/6. This is nothing like the action I saw after the April/May bottom when virtually zero distribution days popped up after it started its move. The market then continued to go higher and higher, pulling back on low volume.
With Oil/Energy and Gold sectors outperforming and some Food stocks getting involved, it is starting to look like the market is ready to give up the rally. Add to that the continuing weakening thesis of the "tech rally" and you come to a conclusion market doesnt feel so good.
But right now, we just dont know, because the market is flat-lining. Some could call this base building but a lot of stocks are really extended and building late stage bases for this to be a base building stage leading to new highs.
Bottom Line: The market doesnt look or feel good right now. I guess we continue to wait and see what will happen, since we are getting no help from the indexes. But remember all the "poker tells" indicate a weak market about to get weaker.
I wish you all GREAT luck.
New Swing Longs: WITS TGC SONS ROYL QVDX FTEK PKE EWST
Longs Outperforming Market: OMNI ABP GMXR ARD KNDL ASF THE ENY PFWD HEC PMU MUSE NSC SPNC SNG ZIGO JCDA
New Swing Shorts: AMHC VCG SVR LHCG
Shorts Outperforming Market: JVA CNTF CWTR
Tuesday, September 27, 2005
Flat Day With Mixed Volume
Stock market indexes basically did very little today. They dipped down then rallied to new highs but then closed mixed in weak last hour trading. With the mixed volume and unchanged session on the indexes, it is close to impossible to read anything into this day.
I have to say I was very impressed with Alan Greenspan's speech today on CNBC. I thought he made his point very clear of showing his continuing enthusiasm for the free market system. Though I may think he is overdoing it now and overdid it then in 2000--with the rate hikes--I still am very happy overall of the good job he and Paul Volcker did while they were Fed chairman.
Besides the speech there was two negative news items today. The consumer confidence numbers and home numbers showed the weakness that plagues the consumer right now. My only problem is with the bad consumer confidence. If Katrina, oil, the war, and jobs was "so" bad right now, why are the indexes basically flat for the past two years? To that question the answer is the relentless negative news that is put on us every day by the media. Nothing great is every highlighted, though many stocks continue to provide fantastic gains.
Do you want to know what those great stocks are that are producing huge gains all the time? Just read my blog. I give them everyday. While people cry about high oil and all the "bad times" they are having, I am going to work, putting in the extra hours, and making the sacrifices neccessary to make a great living. You can blame your situation all you want, but there is a free market system out there for you to take advantage of and better your current situation NO MATTER WHO YOU ARE.
So remember while people cry about how poor things are going, you can be investing in the stocks that could make you rich, with me. I do not hype. I simply state the facts. I have made money in good times and bad times and people keep telling me this is a bad time. IT ISNT AND IF IT IS GET OVER IT AND PROFIT FROM IT TO MAKE IT GOOD TIMES FOR YOU.
Go over all my "longs outperforming market" and tell me if stocks suck!!!!!
New Swing Longs: UFCS LRW CASY PDE STXN REGN CHRD COSI DANKY BVF
Longs Outperforming Market: ENY CNR GMXR ABP THE ARD TFR WC MII DESC DEPO TFSM PMU ESLR UQM MUSE IVIL CRXL APT NWRE CRDN ESV ASF NSR FSTC CVO ASGN
New Swing Shorts: MICC JBL RSAS CWTR GEHL KEA
Shorts Outperforming Market: CNTF
I have to say I was very impressed with Alan Greenspan's speech today on CNBC. I thought he made his point very clear of showing his continuing enthusiasm for the free market system. Though I may think he is overdoing it now and overdid it then in 2000--with the rate hikes--I still am very happy overall of the good job he and Paul Volcker did while they were Fed chairman.
Besides the speech there was two negative news items today. The consumer confidence numbers and home numbers showed the weakness that plagues the consumer right now. My only problem is with the bad consumer confidence. If Katrina, oil, the war, and jobs was "so" bad right now, why are the indexes basically flat for the past two years? To that question the answer is the relentless negative news that is put on us every day by the media. Nothing great is every highlighted, though many stocks continue to provide fantastic gains.
Do you want to know what those great stocks are that are producing huge gains all the time? Just read my blog. I give them everyday. While people cry about high oil and all the "bad times" they are having, I am going to work, putting in the extra hours, and making the sacrifices neccessary to make a great living. You can blame your situation all you want, but there is a free market system out there for you to take advantage of and better your current situation NO MATTER WHO YOU ARE.
So remember while people cry about how poor things are going, you can be investing in the stocks that could make you rich, with me. I do not hype. I simply state the facts. I have made money in good times and bad times and people keep telling me this is a bad time. IT ISNT AND IF IT IS GET OVER IT AND PROFIT FROM IT TO MAKE IT GOOD TIMES FOR YOU.
Go over all my "longs outperforming market" and tell me if stocks suck!!!!!
New Swing Longs: UFCS LRW CASY PDE STXN REGN CHRD COSI DANKY BVF
Longs Outperforming Market: ENY CNR GMXR ABP THE ARD TFR WC MII DESC DEPO TFSM PMU ESLR UQM MUSE IVIL CRXL APT NWRE CRDN ESV ASF NSR FSTC CVO ASGN
New Swing Shorts: MICC JBL RSAS CWTR GEHL KEA
Shorts Outperforming Market: CNTF
Monday, September 26, 2005
Short-Term Trend Up But Weakness Still Lingers
The major stock market indexes finished higher across the board--None of them over 1%. The leader in the group was the SP600. The volume came in lower across the board, indicating this short-term uptrend is possibly just an oversold relief rally. The sub-inter trend is down and came on higher volume than this little bounce. So dont get to confident that this could produce anything spectacular.
Oil and Metal sectors are the bright spot during the past month. And, with the media having to focus on the new "fear"--now that Rita has past--inflation is probably going to be the new lead story. What to do? Well if you want to take advantage of the upcoming inflation, buy some good stocks in those sectors breaking out of fresh bases or bouncing off a key moving average. As long as you dont average down, you will be fine. Or if you want to just complain how much prices are rising and how expensive gas is, you are more than welcome. I will just have to profit, without you, so I can afford the gas and continue to live comfortably.
Stay positive and remember you can either complain about inflation or take action and profit from it. That is what successful people do. And I know anybody reading this has to be a little successful or aspires to be.
New Swing Longs: CRDN CKH ACPW TFSM AAI OPTN ICGE AWA GCOM MGN
Longs Outperforming Market: OMNI ENY NTES TFR MNG KNOT VIVO FSTC NSR BLDR RCCC MNTA ZIGO UQM ASGN BNN ECTX
New Swing Shorts: NAT
Shorts Outperforming Market: CYPB RCNI PGL
Oil and Metal sectors are the bright spot during the past month. And, with the media having to focus on the new "fear"--now that Rita has past--inflation is probably going to be the new lead story. What to do? Well if you want to take advantage of the upcoming inflation, buy some good stocks in those sectors breaking out of fresh bases or bouncing off a key moving average. As long as you dont average down, you will be fine. Or if you want to just complain how much prices are rising and how expensive gas is, you are more than welcome. I will just have to profit, without you, so I can afford the gas and continue to live comfortably.
Stay positive and remember you can either complain about inflation or take action and profit from it. That is what successful people do. And I know anybody reading this has to be a little successful or aspires to be.
New Swing Longs: CRDN CKH ACPW TFSM AAI OPTN ICGE AWA GCOM MGN
Longs Outperforming Market: OMNI ENY NTES TFR MNG KNOT VIVO FSTC NSR BLDR RCCC MNTA ZIGO UQM ASGN BNN ECTX
New Swing Shorts: NAT
Shorts Outperforming Market: CYPB RCNI PGL
Friday, September 23, 2005
Not Much To The Bounce; Waiting To See Damage From Rita
Volume was lower across the board as the market indexes continued their bounce today. Ummmm......Besides that there really isnt much else I can add that I have not already said the past two or three days.
I find it hard to comment on any market action today, considering as I write this Rita's eye should be near landfall on the TX/LA border. We will need to see how the market reacts to the weekend news, on Monday. I have a feeling this market is much weaker than most people take it for. I have given my thoughts on why the market is weak for the past three days and continue to feel the same way after watching the market action today.
Say a prayer for those affected by the dual onslaught of hurricanes.
I have a lot of personal issues to deal with this weekend so that will be my reason for not having much else to say before Monday. If I change my mind, you will see it here.
Aloha from Mauifornia
New Swing Longs: NSR IDIX RRI FIX ANEN
Longs Outperforming Market: GEPT BCRX VIVO ADST CVO RIO TRMS
New Swing Shorts: GGXY RTEC NCI CYPB
Shorts Outperforming Market: IPCR LEND NEW
I find it hard to comment on any market action today, considering as I write this Rita's eye should be near landfall on the TX/LA border. We will need to see how the market reacts to the weekend news, on Monday. I have a feeling this market is much weaker than most people take it for. I have given my thoughts on why the market is weak for the past three days and continue to feel the same way after watching the market action today.
Say a prayer for those affected by the dual onslaught of hurricanes.
I have a lot of personal issues to deal with this weekend so that will be my reason for not having much else to say before Monday. If I change my mind, you will see it here.
Aloha from Mauifornia
New Swing Longs: NSR IDIX RRI FIX ANEN
Longs Outperforming Market: GEPT BCRX VIVO ADST CVO RIO TRMS
New Swing Shorts: GGXY RTEC NCI CYPB
Shorts Outperforming Market: IPCR LEND NEW
Thursday, September 22, 2005
Biding Time Till Rita Hits TX/LA
The stock market indexes rose today, reversing an early selloff and closing near the HOD's (high of day). However volume was lower across the board so there really wasnt conviction by buyers that they are ready to support this market.
The market may stay dead on Friday. Hurricane Rita is just too much a factor right now to figure out what the market might want to do with it. Until this hurricane passes, the market is going to be held hostage by it. And if you think you know what the market is going to do, you are lying to yourself. This market has no clue what it wants to do.
One of the more odd things I saw today was the ratio of bullish/bearish newsletter writers. The number of bulls went up this week!! With all the stocks breaking down, rolling over, and starting obvious downtrends, newsletter writers turned more bullish. This is not what makes a bottom. Bottoms are created when there are more bears than bulls or the number of bulls/bears is even. Since this downtrend is under way and is now obvious to the investment community the writers should be getting more bearish. If the writers continue to stay bullish as we move lower (if we move lower) this downtrend could last a while. If they were already turning bearish with all the media negativity I would think it might not last as long. But with them still being bullish after all the media BS, ugly individual charts, and knowing the obvious negative economic impacts of natural disasters I have a feeling this could last a while. I hope I am wrong.
New Swing Longs: ELK GFIG OMNI
Longs Outperforming Market: ENY DBLE CNR FUEL WSSI BNN
New Swing Shorts: TWGP CPTV SEAB WMS GOL OPEN AGE
Shorts Outperforming Market: RUTX ALLI EMAG IPCR TNH WMAR FDO ETR
The market may stay dead on Friday. Hurricane Rita is just too much a factor right now to figure out what the market might want to do with it. Until this hurricane passes, the market is going to be held hostage by it. And if you think you know what the market is going to do, you are lying to yourself. This market has no clue what it wants to do.
One of the more odd things I saw today was the ratio of bullish/bearish newsletter writers. The number of bulls went up this week!! With all the stocks breaking down, rolling over, and starting obvious downtrends, newsletter writers turned more bullish. This is not what makes a bottom. Bottoms are created when there are more bears than bulls or the number of bulls/bears is even. Since this downtrend is under way and is now obvious to the investment community the writers should be getting more bearish. If the writers continue to stay bullish as we move lower (if we move lower) this downtrend could last a while. If they were already turning bearish with all the media negativity I would think it might not last as long. But with them still being bullish after all the media BS, ugly individual charts, and knowing the obvious negative economic impacts of natural disasters I have a feeling this could last a while. I hope I am wrong.
New Swing Longs: ELK GFIG OMNI
Longs Outperforming Market: ENY DBLE CNR FUEL WSSI BNN
New Swing Shorts: TWGP CPTV SEAB WMS GOL OPEN AGE
Shorts Outperforming Market: RUTX ALLI EMAG IPCR TNH WMAR FDO ETR
Wednesday, September 21, 2005
Downtrend Intensifies; Hurricane Rita Weighs On Market
The major stock market indexes finished near or at their LOD's (low of days) for the session, with volume well above the 50 day average level. The Dow, SP600, Nasdaq, and SP400 all closed below their August lows, giving the indexes a confirmed failure of the 9/6 follow-through. Volume slowed a little on the Nasdaq and rose on the NYSE. This gives the SP500 its third distribution day since 9/6. The SP600 scored its fourth distribution day since 9/6, leading the way down. All major indexes trends are down and most have now broken the August support and trendline connecting the bottom price range since the Arpil/May rally.
Until Hurricane Rita passes the Gulf Coast, this market is held hostage by the possible damage that it will create. It is going to be a very long two days, until it makes landfall, for the stock market. The media is sure to make it feel longer.
Hopefully all the negative news stories out there will lead to a small relief rally, if the worst does not happen from Hurricane Rita. A rally seems reasonable, considering the oversold conditions some stocks have. But just because stocks are oversold doesnt mean they cant get more oversold. Normally when you move down fast like this, a relief rally only relieves some of the downside pressure before heading lower again. Have a method ready for covering some shorts, incase there is a big relief rally or hopefully you are already in cash and are ready to put money to work when this downtrend ends.
In the meantime, there are too many negatives out there to be a hero and buy the indexes. A hawkish Fed, slow growing economy, oil, hurricanes, October, poor consumer confidence, and home prices easing give the edge to the bears for now. As long as the media continues to act like the end of the world is near, you can be sure capitulation will happen eventually. This will help create a real bottom and give us something to really rally off of. When this happens who knows? Until then there is too many ugly charts out there and shorts are working well, so stay cautious.
New Swing Longs: TUG BNI BXC GEPT MTRX SONS SBS MGN ROYL VTO DBLE
Swing Longs Outperforming Market: FLDR RIO ARD HOS FUEL SNG ABIX MNG DESC CHB SPN VGZ ZIGO ECLG SYNC TMM ECTX ININ
New Swing Shorts: CNXS RRGB NYT AFFX PTP AXS CY VFC BLC FCH TSA RPM ANN NXL KNX CRE CNF PP HCC ABCW BXP BRKB RUTH ALLI RUTX LAZ SFC. You better be able to find something to short in this group. They are all broken and should cruise down.
Swing Shorts Outperforming Market: NLC CTRN LNY IPCR HIBB SONC CENT APPB JOE SNS JCP PCLN ANF SPF SHW CAKE TMA ETR SPG BYD ALL FED RYL TRI JWN PPG MNI CTX PGL HMA NWS LVS EMAG
On The Radar Screen: QVDX MSL
All those shorts I have been holding have finally paid off. I finally can sleep REALLY REALLY well tonight. I am not going to lie, the past two weeks have been hairy for me. Now I can start to relax and trim some shorts that have paid off.
I hope everyone is positioned and ready for the worst. When this downtrend is over, the negativity should be so thick that the new longs should provide wonderful gains. Stay vigilant and positive amongst the negativity that the media surrounds us with everyday.
Aloha.
Until Hurricane Rita passes the Gulf Coast, this market is held hostage by the possible damage that it will create. It is going to be a very long two days, until it makes landfall, for the stock market. The media is sure to make it feel longer.
Hopefully all the negative news stories out there will lead to a small relief rally, if the worst does not happen from Hurricane Rita. A rally seems reasonable, considering the oversold conditions some stocks have. But just because stocks are oversold doesnt mean they cant get more oversold. Normally when you move down fast like this, a relief rally only relieves some of the downside pressure before heading lower again. Have a method ready for covering some shorts, incase there is a big relief rally or hopefully you are already in cash and are ready to put money to work when this downtrend ends.
In the meantime, there are too many negatives out there to be a hero and buy the indexes. A hawkish Fed, slow growing economy, oil, hurricanes, October, poor consumer confidence, and home prices easing give the edge to the bears for now. As long as the media continues to act like the end of the world is near, you can be sure capitulation will happen eventually. This will help create a real bottom and give us something to really rally off of. When this happens who knows? Until then there is too many ugly charts out there and shorts are working well, so stay cautious.
New Swing Longs: TUG BNI BXC GEPT MTRX SONS SBS MGN ROYL VTO DBLE
Swing Longs Outperforming Market: FLDR RIO ARD HOS FUEL SNG ABIX MNG DESC CHB SPN VGZ ZIGO ECLG SYNC TMM ECTX ININ
New Swing Shorts: CNXS RRGB NYT AFFX PTP AXS CY VFC BLC FCH TSA RPM ANN NXL KNX CRE CNF PP HCC ABCW BXP BRKB RUTH ALLI RUTX LAZ SFC. You better be able to find something to short in this group. They are all broken and should cruise down.
Swing Shorts Outperforming Market: NLC CTRN LNY IPCR HIBB SONC CENT APPB JOE SNS JCP PCLN ANF SPF SHW CAKE TMA ETR SPG BYD ALL FED RYL TRI JWN PPG MNI CTX PGL HMA NWS LVS EMAG
On The Radar Screen: QVDX MSL
All those shorts I have been holding have finally paid off. I finally can sleep REALLY REALLY well tonight. I am not going to lie, the past two weeks have been hairy for me. Now I can start to relax and trim some shorts that have paid off.
I hope everyone is positioned and ready for the worst. When this downtrend is over, the negativity should be so thick that the new longs should provide wonderful gains. Stay vigilant and positive amongst the negativity that the media surrounds us with everyday.
Aloha.
Tuesday, September 20, 2005
Downtrend Confirmed; This Was A Bad Day
The market indexes started the day higher, but after Alan Greenspan hiked rates for the 11th time in a row, the indexes reversed on heavier volume and closed near the days lows. They were down anywhere from .5 to 1.1%.
Volume was higher on all indexes. That gives the indexes their second or third distribution day since the 9/6 follow-through. Along with the higher volume came poor breadth, confirming the weakness today.
Retail and Homebuilders got smacked again. I normally am not a fan of being a bear, but seeing Homebuilders fall hard makes me happy.
I can not stand excess speculation and that is all the real estate market seemed to be the past two years. Living on Maui, I heard enough real estate stories to make me want to move. This reminded me of New York City back in 1999-2000 during the stock market bubble. Though during that time, I moved in June 2000 out to Maui because I knew it was over.
Oil is obviously having an impact on peoples pocket books by looking at Retail and Homebuilder stocks. That along with the next big hurricane--Rita--is creating a lot of pessimism out there. It seems as if everything is really aweful. I guess that in itself is the only good news out there, since everyone is negative we should go up, right? Unless those people havent sold yet. I have a feeling they are just now selling. You can not have a bottom this early in a downtrend. This thing is just starting and the pessimism is going to grow and grow. Then we will have a "REAL" bottom to rally from. And just like in April/May (read my old entries) when everyone is still bearish, I will have cash ready to buy the best of the best. I look forward to a nice big down move, to be honest.
Bottom Line: Technical picture is getting worse and worse. The downside momentum is picking up, shorts are everywhere, and October is right around the corner. All sub-intermediate and short-term trends are now down for all indexes.
I wonder if the market is going to crash in October? I wonder if history will repeat itself? Let's see!
New Swing Longs: HDB ESV PORK ZIGO NSC RITA FIX
Longs Outperforming Market: SYNC ARD ECTX NRPH DEX ECLG CNQR AMAC
New Swing Shorts: JWN UACL APD HNZ PPG FORM CTX CAKE HOT FDO MVC HDI HET LIZ AVP ALB ACAT LZB ETH PGL NAV
Shorts Outperforming Market: TXRH LEN SPH TOL ANF HOV SHW MNI IPCR
Volume was higher on all indexes. That gives the indexes their second or third distribution day since the 9/6 follow-through. Along with the higher volume came poor breadth, confirming the weakness today.
Retail and Homebuilders got smacked again. I normally am not a fan of being a bear, but seeing Homebuilders fall hard makes me happy.
I can not stand excess speculation and that is all the real estate market seemed to be the past two years. Living on Maui, I heard enough real estate stories to make me want to move. This reminded me of New York City back in 1999-2000 during the stock market bubble. Though during that time, I moved in June 2000 out to Maui because I knew it was over.
Oil is obviously having an impact on peoples pocket books by looking at Retail and Homebuilder stocks. That along with the next big hurricane--Rita--is creating a lot of pessimism out there. It seems as if everything is really aweful. I guess that in itself is the only good news out there, since everyone is negative we should go up, right? Unless those people havent sold yet. I have a feeling they are just now selling. You can not have a bottom this early in a downtrend. This thing is just starting and the pessimism is going to grow and grow. Then we will have a "REAL" bottom to rally from. And just like in April/May (read my old entries) when everyone is still bearish, I will have cash ready to buy the best of the best. I look forward to a nice big down move, to be honest.
Bottom Line: Technical picture is getting worse and worse. The downside momentum is picking up, shorts are everywhere, and October is right around the corner. All sub-intermediate and short-term trends are now down for all indexes.
I wonder if the market is going to crash in October? I wonder if history will repeat itself? Let's see!
New Swing Longs: HDB ESV PORK ZIGO NSC RITA FIX
Longs Outperforming Market: SYNC ARD ECTX NRPH DEX ECLG CNQR AMAC
New Swing Shorts: JWN UACL APD HNZ PPG FORM CTX CAKE HOT FDO MVC HDI HET LIZ AVP ALB ACAT LZB ETH PGL NAV
Shorts Outperforming Market: TXRH LEN SPH TOL ANF HOV SHW MNI IPCR
Monday, September 19, 2005
One Index Follows-Through To The Downside
The major market indexes all fell today, closing down about 1% across the board. The NASDAQ and Dow closed below their 50 day moving averages. With that the NASDAQ has traded below the 50 dma, rallied to the line, failed, and has now followed-through to the downside. This brings the short-term trend and intermediate trends down in the NASDAQ. The other indexes are stronger than the NASDAQ but they are showing many signs of weakness.
Breadth was 2 to 1 negative, continuing a recent theme. Oil/Gas stocks led the way with the top 10 performers having nine from the Oil group.
The markets are very schizo recently. Stocks have gone up and down and back up in a very volatile matter. It seems more volatile than the 12 reading the VIX is giving us. Longs remain difficult to buy and hold, shorts blow past cut loss points or gap too far to be shorted, and the indexes are going sideways but it feels like it has been crashing.
I take it all the negative news "all day all the time" on TV has something to do with it. That is not my opinion, it is truth.
Whatever happens to Rita, remember to be ready for an upside breakout or a downside breakout on the indexes. The way things are shaping up currently, the downside looks like the path of least resistance. I say this, however, with most trends long, mid, and short moving sideways to up. I am either seeing the action in my individual charts and coming to this conclusion, or I have been brainwashed by the NY Times, CNN, FoxNews, and all the major news networks to believe this next hurricane could be the second sign of Armageddon.
New Swing Longs: BDE PAY BDCO FUEL ALY
Longs Outperforming Market: ENER ESLR ABP ARD SFCC DEX PANC TVIA TERN AAPL
New Swing Shorts: CTRN LVS MNI WBS FO ALL SHW DTG KPA WNC INPC
Shorts Outperforming Market: TOL PTC TNH BBY HOV SPH LEN IPG
Stocks On Radar Screen: MSL MXM REF FLT
Breadth was 2 to 1 negative, continuing a recent theme. Oil/Gas stocks led the way with the top 10 performers having nine from the Oil group.
The markets are very schizo recently. Stocks have gone up and down and back up in a very volatile matter. It seems more volatile than the 12 reading the VIX is giving us. Longs remain difficult to buy and hold, shorts blow past cut loss points or gap too far to be shorted, and the indexes are going sideways but it feels like it has been crashing.
I take it all the negative news "all day all the time" on TV has something to do with it. That is not my opinion, it is truth.
Whatever happens to Rita, remember to be ready for an upside breakout or a downside breakout on the indexes. The way things are shaping up currently, the downside looks like the path of least resistance. I say this, however, with most trends long, mid, and short moving sideways to up. I am either seeing the action in my individual charts and coming to this conclusion, or I have been brainwashed by the NY Times, CNN, FoxNews, and all the major news networks to believe this next hurricane could be the second sign of Armageddon.
New Swing Longs: BDE PAY BDCO FUEL ALY
Longs Outperforming Market: ENER ESLR ABP ARD SFCC DEX PANC TVIA TERN AAPL
New Swing Shorts: CTRN LVS MNI WBS FO ALL SHW DTG KPA WNC INPC
Shorts Outperforming Market: TOL PTC TNH BBY HOV SPH LEN IPG
Stocks On Radar Screen: MSL MXM REF FLT
Sunday, September 18, 2005
Too Much Surfing; Market Commentary Maybe Later
New Swing Longs: FLDR SMTS CLDN LSTR CLF AMAC GRC ANR CNR MACR SSFT TERN GOLD ECLG TRAD ACE
Longs Outperforming Market: HAWK ARD BTUI RGLD ININ ARS RIO FLSH CNVR TVIA PXP ABX PYX VGZ MSLV JCDA ILOG
New Swing Shorts: RYL BZH KBH SPF DHI HOV PHM K SPG TMA TZOO.
Shorts Outperforming Market: CNTF. This section seems pointless as most shorts dont tank, but I will keep posting it.
Stocks On Radar Screen: TOFC NHC CAC TKC FADV MXM LFKN CTIB GV CAV HDSN IAO FLT SPDR
Longs Outperforming Market: HAWK ARD BTUI RGLD ININ ARS RIO FLSH CNVR TVIA PXP ABX PYX VGZ MSLV JCDA ILOG
New Swing Shorts: RYL BZH KBH SPF DHI HOV PHM K SPG TMA TZOO.
Shorts Outperforming Market: CNTF. This section seems pointless as most shorts dont tank, but I will keep posting it.
Stocks On Radar Screen: TOFC NHC CAC TKC FADV MXM LFKN CTIB GV CAV HDSN IAO FLT SPDR
Thursday, September 15, 2005
THE SOUTH SHORE WAVES ARE BEAUTIFUL
What an amazing second day of watching the pros at Ma'alea. A day of surfing and watching great surfers surf the best waves on the south shore of Maui in 5 years was simply incredible. I watched so many boards break and surfers get barreled that I will remember these past two days for a very long time.
No market commentary, OF COURSE! I will say that I see a lot more charts breaking down and stocks are starting to set up good shorting patterns.
New Swing Longs: ENY CNVR DEZ DEX AEP JCDA
Longs Outperforming Market: ABLE GEOI LYTS BVN OXPS LF WIRE CHB PMU PFWD HAWK ILOG
New Swing Shorts: RMK WFC GDT CAL RFMD ADBL DISH TNH
Shorts Outperforming Market: CNTF ANF MW
Aloha from the beautiful South Shore of Maui where the past two days have been epic, inspirational, beautiful, and mind blowing.
Please visit: www.surfline.com to check out the action. If I had any knowledge what-so-ever about how to set a link to this site I would.
No market commentary, OF COURSE! I will say that I see a lot more charts breaking down and stocks are starting to set up good shorting patterns.
New Swing Longs: ENY CNVR DEZ DEX AEP JCDA
Longs Outperforming Market: ABLE GEOI LYTS BVN OXPS LF WIRE CHB PMU PFWD HAWK ILOG
New Swing Shorts: RMK WFC GDT CAL RFMD ADBL DISH TNH
Shorts Outperforming Market: CNTF ANF MW
Aloha from the beautiful South Shore of Maui where the past two days have been epic, inspirational, beautiful, and mind blowing.
Please visit: www.surfline.com to check out the action. If I had any knowledge what-so-ever about how to set a link to this site I would.
Wednesday, September 14, 2005
The Start Of Something Worse?
What a day today. And I am not talking about the stock market.
The surf today on Maui was just EPIC! 15ft. faces at most south shores and at least 12ft faces on the lower west side. For the south shore on Maui, this is rare and beautiful. I was able to get some great rides but nothing like what I got to see at a spot called "freight trains." I watched pros surf the fastest wave in Hawaii for hours today. It was something to see, even if you are not into surf.
Back to the market: A late day selloff on an increase in volume is the opposite of what you want to see after the markets follow-through. But sadly that is what we have had happen the past two days.
The SP600 had another distribution day today, making two in a row. The Nasdaq also closed strongly below its 50 dma. Very negative action for the two indexes.
Semiconductors reversed hard, breadth was 2 to 1 negative, oil moved higher, buyers are not interested in buying, retail numbers came in worse than expected, and Gold showed leadership today along with oil stocks. This makes for a market that looked bad today but has the possiblity of getting a lot worse.
Stay defensive and keep tight stops. A nice decline would help build some nice chart patterns for stocks to rise out of. But we would need to go down 10% and then sideways for a while to make a lot of charts into perfect bases. Especially after the run so many stocks have had since 2002.
The short term trend is down for all indexes. The sub-intermediate trend is latteral but appears to be ready to turn into a downtrend with further weakness. The intermediate trend is latteral to up, as the market is almost unchanged since beginning of year but still up nicely since April/may bottom. The long term trend since 2002 bottom is still up.
New Swing Longs: BKR BBL EVVV MNG PMU KGC AUY IAG VGZ
Longs Outperforming Market: KNOT TVIA RBAK ABP TRGL KNDL ASR
New Swing Shorts: CORS NGPS PVH ANDE KOMG FRP OGE NWS DIS KBAY PII NLS PENN
Shorts Outperforming Market: JOE CNTF WMAR
The surf today on Maui was just EPIC! 15ft. faces at most south shores and at least 12ft faces on the lower west side. For the south shore on Maui, this is rare and beautiful. I was able to get some great rides but nothing like what I got to see at a spot called "freight trains." I watched pros surf the fastest wave in Hawaii for hours today. It was something to see, even if you are not into surf.
Back to the market: A late day selloff on an increase in volume is the opposite of what you want to see after the markets follow-through. But sadly that is what we have had happen the past two days.
The SP600 had another distribution day today, making two in a row. The Nasdaq also closed strongly below its 50 dma. Very negative action for the two indexes.
Semiconductors reversed hard, breadth was 2 to 1 negative, oil moved higher, buyers are not interested in buying, retail numbers came in worse than expected, and Gold showed leadership today along with oil stocks. This makes for a market that looked bad today but has the possiblity of getting a lot worse.
Stay defensive and keep tight stops. A nice decline would help build some nice chart patterns for stocks to rise out of. But we would need to go down 10% and then sideways for a while to make a lot of charts into perfect bases. Especially after the run so many stocks have had since 2002.
The short term trend is down for all indexes. The sub-intermediate trend is latteral but appears to be ready to turn into a downtrend with further weakness. The intermediate trend is latteral to up, as the market is almost unchanged since beginning of year but still up nicely since April/may bottom. The long term trend since 2002 bottom is still up.
New Swing Longs: BKR BBL EVVV MNG PMU KGC AUY IAG VGZ
Longs Outperforming Market: KNOT TVIA RBAK ABP TRGL KNDL ASR
New Swing Shorts: CORS NGPS PVH ANDE KOMG FRP OGE NWS DIS KBAY PII NLS PENN
Shorts Outperforming Market: JOE CNTF WMAR
Tuesday, September 13, 2005
Stocks End Lower On Higher Volume
All the worries I had about the market yesterday were fulfilled today. Just as I expected, the market reversed intraday, closed lower, and had volume pickup to the downside.
Though the drops were minor, breadth stayed negative most of the day even when the markets were up. That along with the crazy action in most individual stocks right now shows the underlying weakness in this market.
BBY was a recent example of the possible impact of higher oil prices. Look at all retail from ANF to WMT. You will see the ugly action in the charts. How about the restaraunt stocks? Same ugly charts. Something tells me the indexes are holding up on hope and that these stocks (the old leaders) are telling us that a correction might be coming.
I am preparing by raising cash, keeping tighter trailing stops, and buying few new longs or new shorts.
Whatever happens, let it happen.
I might not be around the next 3 days, due to personal obligations. I will post new longs and shorts, but there will not be new commentary till this weekend.
Surf is WAY WAY up and I have a very important issue that I have to tackle and complete. So until then great luck with the market and I hope I get barreled multiple times the next 5 days!!!!!!!!!!!!!!!
New Swing Longs: KEYW LEAP TMWD
Longs Outperforming Market: PWAV ASGN SYNC PFWD UBET GLW MOT
New Swing Shorts: URBN LPNT SYK HUN WMAR BBY OSIS
Shorts Outperforming Market: IPCR
Though the drops were minor, breadth stayed negative most of the day even when the markets were up. That along with the crazy action in most individual stocks right now shows the underlying weakness in this market.
BBY was a recent example of the possible impact of higher oil prices. Look at all retail from ANF to WMT. You will see the ugly action in the charts. How about the restaraunt stocks? Same ugly charts. Something tells me the indexes are holding up on hope and that these stocks (the old leaders) are telling us that a correction might be coming.
I am preparing by raising cash, keeping tighter trailing stops, and buying few new longs or new shorts.
Whatever happens, let it happen.
I might not be around the next 3 days, due to personal obligations. I will post new longs and shorts, but there will not be new commentary till this weekend.
Surf is WAY WAY up and I have a very important issue that I have to tackle and complete. So until then great luck with the market and I hope I get barreled multiple times the next 5 days!!!!!!!!!!!!!!!
New Swing Longs: KEYW LEAP TMWD
Longs Outperforming Market: PWAV ASGN SYNC PFWD UBET GLW MOT
New Swing Shorts: URBN LPNT SYK HUN WMAR BBY OSIS
Shorts Outperforming Market: IPCR
Monday, September 12, 2005
Another Day of Gains For Nasdaq; NYSE Closes Red
It was a mixed day for the markets, with price and volume. NYSE was down, Nasdaq was up and the same with volume on each exchange respectively.
I saw a lot of failed breakouts and reversals today. That along with the poor breadth has raised some red flags with me. However, the trend is up and the markets continue to climb this wall of "small" worry.
Still something just doesnt feel right. I am not sure which way we will go from here. Up, down, or sideways is possible with all the different chart patterns I have out there. But a lot of my long term holding are still going higher and make nice moves quite often. It is the new longs in my portfolio that are having trouble and that is troubling in itself.
I guess we will wait to see what happens, like always. But the new longs acting funny is just not what I would expect if the Katrina disaster is going to help us.
If all that money coming in to the economy from the Katrina disaster was going to help move the stock market higher I sure have not seen it on the volume statistics.
We are still barely doing above average volume on most days. The NYSE during its most recent turning point was very positive. But since then it has been lame all across the board. That is a sign that the money is not "pouring" into the stock market.
If we get some Nasdaq days up with volume around the April/May levels I will be a lot more happy with this rally. But for now this current rally is under my red flag watch for more signs of weakness.
New Swing Longs: IIJI DEPO TMO IMN MSLV
Longs Outperforming Market: REDF MOBE RTSX NTES EZPW WFR BTUI PWR CLHB NTGR VTIV PETS ROS
New Swing Shorts: WB IPCR
Shorts Outperforming Market: SPH
Stocks On Radar Screen: CWBS HDSN CAV HWKN
I saw a lot of failed breakouts and reversals today. That along with the poor breadth has raised some red flags with me. However, the trend is up and the markets continue to climb this wall of "small" worry.
Still something just doesnt feel right. I am not sure which way we will go from here. Up, down, or sideways is possible with all the different chart patterns I have out there. But a lot of my long term holding are still going higher and make nice moves quite often. It is the new longs in my portfolio that are having trouble and that is troubling in itself.
I guess we will wait to see what happens, like always. But the new longs acting funny is just not what I would expect if the Katrina disaster is going to help us.
If all that money coming in to the economy from the Katrina disaster was going to help move the stock market higher I sure have not seen it on the volume statistics.
We are still barely doing above average volume on most days. The NYSE during its most recent turning point was very positive. But since then it has been lame all across the board. That is a sign that the money is not "pouring" into the stock market.
If we get some Nasdaq days up with volume around the April/May levels I will be a lot more happy with this rally. But for now this current rally is under my red flag watch for more signs of weakness.
New Swing Longs: IIJI DEPO TMO IMN MSLV
Longs Outperforming Market: REDF MOBE RTSX NTES EZPW WFR BTUI PWR CLHB NTGR VTIV PETS ROS
New Swing Shorts: WB IPCR
Shorts Outperforming Market: SPH
Stocks On Radar Screen: CWBS HDSN CAV HWKN
Friday, September 09, 2005
Good Ending To A Good Week On Wall Street
The stock market finished Friday the way it looked this week. And that is to say pretty darn good. The major market indexes closed around the highs of the day and volume was higher than the day before across the board. Very positive action, considering how negative the day "looked" yesterday to most traders and investors.
For the week, the Dow Jones and SP600 were the leaders, with both indexes up 2%. That shows the broad strength in this current rally from September 6th.
The market is in a confirmed rally and all trends are up. No matter how bearish you "feel" it doesn't matter. Until the stock market rolls over and distribution days pop up, you have to be bullish and follow the trend. That is where the big money is made. By following the primary trend of the stock or index.
New Swing Longs: CKP WLT REDF SNG PXP SFCC TGC ONXS MXRE
Longs Outperforming Market: CPST GAP ROS BVN CPTV VRNT FOXH RBAK VC ASEI SLXP RTSX ANAD CLHB NFLX CVO AAPL SCI
New Swing Shorts: STA CIB
Shorts Outperforming Market: ANF
Stocks On The Radar Screen: ALFC FADV HCT CAV PEIX VTO HRSH DDRX GAIA
Have a great weekend!!
For the week, the Dow Jones and SP600 were the leaders, with both indexes up 2%. That shows the broad strength in this current rally from September 6th.
The market is in a confirmed rally and all trends are up. No matter how bearish you "feel" it doesn't matter. Until the stock market rolls over and distribution days pop up, you have to be bullish and follow the trend. That is where the big money is made. By following the primary trend of the stock or index.
New Swing Longs: CKP WLT REDF SNG PXP SFCC TGC ONXS MXRE
Longs Outperforming Market: CPST GAP ROS BVN CPTV VRNT FOXH RBAK VC ASEI SLXP RTSX ANAD CLHB NFLX CVO AAPL SCI
New Swing Shorts: STA CIB
Shorts Outperforming Market: ANF
Stocks On The Radar Screen: ALFC FADV HCT CAV PEIX VTO HRSH DDRX GAIA
Have a great weekend!!
Thursday, September 08, 2005
Bad Day But Not A Terrible Day
The markets closed lower but finished the day near the midpoints of their daily ranges. The overall take on that action is that it was not a good day but not terrible also, since buyers stepped up in the end to pick the averages up off their lows of the day.
Volume was mixed across the board. But on the Nasdaq volume picked up. That along with the downside action makes this a distribution day. This distribution day is a hard one to call though because there was so much positive action in individual stocks. So, overall, my feelings are mixed on todays action.
The one thing I did pick up in the chat rooms was a lot of bearish views overall. A lot of individuals are looking for this market to drop. It may drop, indeed, but I have to follow the trend and all trends are up. Along with this uptrend is a lot of stocks that are making great moves. Just look at the "longs outperforming the market." For such a negative day, there sure was a lot of big gains in some swing longs I am holding.
I remain cautious yet bullish since all trends are up. Until we cut through the 8/29 lows, I have to put my money to work in longs because that is what is working.
Keep on getting bearish out there. That is what the market needs to move higher.
What if the market reverses and heads lower? Will I feel like a fool? Absolutely not. I will simply cut losses, raise cash, look for shorts, and enjoy the ride down. But until then onward and upward.
New Swing Longs: VRNT ANAD ISIS MOBE IINT VTIV UFI
Longs Outperforming Market: PESI XWG DESC FORD HBE SYNM NFLX PANC ARS VIVO GLW NSM BTUI MII
New Swing Shorts: RE EMC MVSN
Shorts Outperforming Market: CENT
Volume was mixed across the board. But on the Nasdaq volume picked up. That along with the downside action makes this a distribution day. This distribution day is a hard one to call though because there was so much positive action in individual stocks. So, overall, my feelings are mixed on todays action.
The one thing I did pick up in the chat rooms was a lot of bearish views overall. A lot of individuals are looking for this market to drop. It may drop, indeed, but I have to follow the trend and all trends are up. Along with this uptrend is a lot of stocks that are making great moves. Just look at the "longs outperforming the market." For such a negative day, there sure was a lot of big gains in some swing longs I am holding.
I remain cautious yet bullish since all trends are up. Until we cut through the 8/29 lows, I have to put my money to work in longs because that is what is working.
Keep on getting bearish out there. That is what the market needs to move higher.
What if the market reverses and heads lower? Will I feel like a fool? Absolutely not. I will simply cut losses, raise cash, look for shorts, and enjoy the ride down. But until then onward and upward.
New Swing Longs: VRNT ANAD ISIS MOBE IINT VTIV UFI
Longs Outperforming Market: PESI XWG DESC FORD HBE SYNM NFLX PANC ARS VIVO GLW NSM BTUI MII
New Swing Shorts: RE EMC MVSN
Shorts Outperforming Market: CENT
Wednesday, September 07, 2005
Markets Reverse From Opening Lows
It was a good day overall for the market. Volume advanced across the board on the small gains. That is a positive sign after yesterdays follow-thru. Breadth also ended up positive after starting the day off negative.
I still do not have complete conviction that this market is going to fly, so I am keeping some cash on the sidelines. Which means I have been selling down some long term winners and buying smaller portions of new buys. I would rather not gamble at this point in time, with the market going through some moodiness.
But there were some good looking charts that came up intraday and tonight on my scans so that is reassuring that the rally could have some legs to make new highs. Speaking of new highs, they are well ahead of the daily new lows. That is also a bullish situation.
The market climbs a wall of worry, my friends. I see a lot of worried people out there that are scared of the Fed, inflation, gas, and another other thing they can think of. Stay positive and be prepared for all of lifes challenges.
The trends are all up. I can not argue with the facts of the stock market. The market right now says I want to go higher. But not too high too fast.
Until this trend changes, I remain net long with a bullish bias.
New Swing Longs: PLAY PRST HBE VIGN EZPW PANC CLWT CAMD MESA PFWD CRXL CYPB RFMD SKO AEP IRSN CMD
Longs Outperforming Market: BBSI EMKR WVCM LYTS DSTI NTES BMRN ESLR
New Swing Shorts: CENT COF BG ANPI
Shorts Outperforming Market: CNTF
Stocks On The Radar Screen: STS NMHC CERS TFSM TPC FTG JCTCF TTG VUL DW TESOF IAL AXR SYS
I still do not have complete conviction that this market is going to fly, so I am keeping some cash on the sidelines. Which means I have been selling down some long term winners and buying smaller portions of new buys. I would rather not gamble at this point in time, with the market going through some moodiness.
But there were some good looking charts that came up intraday and tonight on my scans so that is reassuring that the rally could have some legs to make new highs. Speaking of new highs, they are well ahead of the daily new lows. That is also a bullish situation.
The market climbs a wall of worry, my friends. I see a lot of worried people out there that are scared of the Fed, inflation, gas, and another other thing they can think of. Stay positive and be prepared for all of lifes challenges.
The trends are all up. I can not argue with the facts of the stock market. The market right now says I want to go higher. But not too high too fast.
Until this trend changes, I remain net long with a bullish bias.
New Swing Longs: PLAY PRST HBE VIGN EZPW PANC CLWT CAMD MESA PFWD CRXL CYPB RFMD SKO AEP IRSN CMD
Longs Outperforming Market: BBSI EMKR WVCM LYTS DSTI NTES BMRN ESLR
New Swing Shorts: CENT COF BG ANPI
Shorts Outperforming Market: CNTF
Stocks On The Radar Screen: STS NMHC CERS TFSM TPC FTG JCTCF TTG VUL DW TESOF IAL AXR SYS
Tuesday, September 06, 2005
Stock Market Indexes Follow-Through
Stocks rallied across the board, led by the SP600 and Nasdaq 100 up 1.5%, on higher volume. This follow thru comes on the sixth day after the start of the attempted rally on 8/29 for the Nasdaq and the fourth day (8/31) on the NYSE. While volume did not have a huge increase over the Friday session, volume was higher none the less with good breadth.
Breadth on the NYSE was 13 to 5 positive and 2 to 1 positive on the Nasdaq. Lots of stocks participated in this rally including the Small Caps, Retail, Chips, Biotech, Building, Financials, and Telco stocks.
It was a good day overall. I made some small buys but mainly sold stock overall today. Leaving me with some cash to put to use if I get some more great looking chart patterns. Today did not offer any and I was sure there would be one or two out there. But there isn't. So I wait.
Negative headlines are still dominating this market and that helps support the case of why we are rallying. I was not even sure which direction we were going to go, even though ALL TRENDS WERE UP. I blame that on all the negative coverage of the tragedy on TV.
New Swing Longs: NWD LYTS GME GME.B LIOX BFR
Longs Outperforming Market: SGDE USLM AACC AAPL FLSH DCEL ASR ESLR ARRS NDAQ PETS DRRX CNET PYX
New Swing Shorts: NONE
Shorts Outperforming Market: EENC
Smaller Stocks On The Radar Screen: MXM DLA ITIC VCC FTG WEH ESC
Have a great evening. Aloha!
Breadth on the NYSE was 13 to 5 positive and 2 to 1 positive on the Nasdaq. Lots of stocks participated in this rally including the Small Caps, Retail, Chips, Biotech, Building, Financials, and Telco stocks.
It was a good day overall. I made some small buys but mainly sold stock overall today. Leaving me with some cash to put to use if I get some more great looking chart patterns. Today did not offer any and I was sure there would be one or two out there. But there isn't. So I wait.
Negative headlines are still dominating this market and that helps support the case of why we are rallying. I was not even sure which direction we were going to go, even though ALL TRENDS WERE UP. I blame that on all the negative coverage of the tragedy on TV.
New Swing Longs: NWD LYTS GME GME.B LIOX BFR
Longs Outperforming Market: SGDE USLM AACC AAPL FLSH DCEL ASR ESLR ARRS NDAQ PETS DRRX CNET PYX
New Swing Shorts: NONE
Shorts Outperforming Market: EENC
Smaller Stocks On The Radar Screen: MXM DLA ITIC VCC FTG WEH ESC
Have a great evening. Aloha!
Saturday, September 03, 2005
Happy Labor Day Weekend And Please Donate To The RedCross
No Market Commentary for the Labor Day weekend.
Going to get some surfing time in and have a nice BBQ Sunday.
Aloha!!!
New Swing Longs: ARS WIRE ARRS ROS
Longs Outperforming Market: SYNC DRRX PYX WSSI ASR
New Swing Shorts: PHRM SPH
Shorts Outperforming Market: JOE
Going to get some surfing time in and have a nice BBQ Sunday.
Aloha!!!
New Swing Longs: ARS WIRE ARRS ROS
Longs Outperforming Market: SYNC DRRX PYX WSSI ASR
New Swing Shorts: PHRM SPH
Shorts Outperforming Market: JOE
Thursday, September 01, 2005
Consolidating Gains
The markets were mixed, basically up or down .3%. Volume was lighter but still above average at the NYSE. The NYSE also had some good breadth today, giving the session a positive overall tone.
There is basically nothing changed from yesterday.
My data provider is down for some odd reason. It was working one hour ago and now is not working so I can not scan my charts. I do know that there were a lot of good looking charts in the scan and the numbers of stocks showing up in the scans were high. So I am sure there are some good longs to take tomorrow morning, but without my TCNet working I am lost for new ideas.
I wonder if there will ever be a day when something works all the time. Probably not. I should just kick myself in the behind for not doing my work after the market closed. Another lesson learned. I guess I rely too much on thinking TCNet should always work. Funny, I have gotten so used to them being so good that I forgot how often I have problems with InteractiveBroker.
2 AM Hawaiian Standard Time: Server is fixed!!
New Swing Longs: BLDR UHCP ENY ABGX BVN SVC BRKR GERN
Longs Outperforming Market: VIVO USLM UQM SIRF ASTE MINI WSSI RGLD ENER SPN RES INFA
New Swing Shorts: CSCD HOT SONC
Shorts Outperforming Market: JOE JCP STX
On The Radar Screen: GV OZN VSR ACAD DECT MDZ TTES IAL OCCF
There is basically nothing changed from yesterday.
My data provider is down for some odd reason. It was working one hour ago and now is not working so I can not scan my charts. I do know that there were a lot of good looking charts in the scan and the numbers of stocks showing up in the scans were high. So I am sure there are some good longs to take tomorrow morning, but without my TCNet working I am lost for new ideas.
I wonder if there will ever be a day when something works all the time. Probably not. I should just kick myself in the behind for not doing my work after the market closed. Another lesson learned. I guess I rely too much on thinking TCNet should always work. Funny, I have gotten so used to them being so good that I forgot how often I have problems with InteractiveBroker.
2 AM Hawaiian Standard Time: Server is fixed!!
New Swing Longs: BLDR UHCP ENY ABGX BVN SVC BRKR GERN
Longs Outperforming Market: VIVO USLM UQM SIRF ASTE MINI WSSI RGLD ENER SPN RES INFA
New Swing Shorts: CSCD HOT SONC
Shorts Outperforming Market: JOE JCP STX
On The Radar Screen: GV OZN VSR ACAD DECT MDZ TTES IAL OCCF
Subscribe to:
Posts (Atom)