The stock market major indexes were mixed today with the Nasdaq and SP 500 closing lower while the SP 400 and SP 600 rose for the day. The Nasdaq was lower by .1% and the SP by .4%. Volume was higher on all indexes but I can not possibly call a less than .5% drop in the indexes a distribution day. However, we have set ourselfs up for one tomorrow, after GOOG earnings miss. A sidenote to my comments of the SP 500 not having a distribution day is that IBD is calling this day a distribution day. IBD has a longer and better track record than me, so we shall see if they are right like always.
Tons of news stories were out there today to give the market something to talk about. OPEC meetings, Alito confirmed to the Supreme Court, the Presidents State of the Union address, GOOG huge after-hours earnings miss, and most importantly the FOMC hiking rates another 1/4 of a point along with Sir Greenspan stepping down as head of the Fed.
The FOMC 1/4 point hike was delivered along with the removal of the statement "some further measured policy firming is likely," and replaced with "some further policy firming may be needed." This states to me that the Fed is probably done. If they are not done here, the most we should expect is one more hike. Why? Because the former statement that was removed today has been in at least the last 12 FOMC statements since the hikes started.
The markets continue to act really well in the small and mid cap world and I continue to take small profits on the way up on the stocks that have done really well for me. Along with that I am going to start trimming some of my laggards to raise some cash. Some stocks recently have been going up on low volume and that is a sign to sell 10-25% if they have had some nice gains.
We have to be ready for anything, however, since GOOG's stock got thwomped last night. GOOG missed fourth quarter earnings and subsequently fell 19% at one point after-hours. As IBD has noted it is 3% of the Nasdaq composite so it is going to hit it hard tomorrow. However, a panic is not necessary if your stocks continue to look like TRAD ERS TXCO and BLD. GOOG has nothing to do with them. Therefore, GOOG should have nothing to do with your trading decisions unless your stocks give you sell signals.
Stay disciplined, follow the CANSLIM method, ignore the C(ommunist) N(ews) N(etwork) commentary, and keep smiling.
New Swing Longs: FSII MTZ VSL
New Swing Shorts: NONE
Longs Outperforming Market: ATHR-62% WIRE-82% DXPE EAGL-45% ARS-36% KNXA DMC XRTX MCX-46% KEYS FFIV FNX ORA-48% TOMO TMI BRNC AU-36% VLG GRS-67% STX SWN BOOM-435% NEM LCAV THOR-88% DB ACR-82% CHE PNRG LCC-43% PAY TRAD-75% MDCC OXPS-69% TESOF ADBE GES-73% IDSY CKCM AAPL-63% SCHK PKE MSCC-67% LDSH-43% BNT-72% EMAG BBD-142% STMP FWLT-71% DRH SPWR-44% AATI WBMD ELN-45% VGZ-39% TXCO-39% SBAC-32% SNG AXE-26% ACTG OPLK BFT BGO-26% CCI-78% MDG TGB KGC-49% SPSX ADLR GSIG CMPX RTK-93% SMDI-41% ESLR-118% ZEUS-51% STD UBS CPST EDS STXN-25% EFII BAM NOVL-32% DEZ-119% DA KLIC GBN-31% APLX EVST LTRX SF
Shorts Outperforming Market: NONE
Stocks On Radar Screen: MT PXPL HOKU MXWL AOB TONS
Longs That Got A One-Day Spanking: RNOW; still left with a profit of 5%. 32% to 5% overnight. Like I keep saying, when you trade long enough and as many different stocks as I do you are bound to have one like this every once in a while. But this goes to show if you buy right, like GOOG, you can take a BIG hit and still leave with a profit. That is all a good trader can ask for.
Tuesday, January 31, 2006
Monday, January 30, 2006
Stocks Continue To Advance Despite The Bears Wishes
Due to technical issues at my end there will be no commentary for Monday's market. I could not post to blogspot.com last night, after finishing my commentary.
Nothing really changed, after yesterdays trading, as the market bides time before today's FOMC meeting. The action will start after the FOMC meeting has ended, like always.
Until that meeting happens, it is status-quo the past three to four days. Markets continue to move up and leading stocks continue to outperform the rest of the market.
Hopefully, something exciting happens to write home about, today.
New Swing Longs: LEND ORCT BRNC SNG DSTI
New Swing Shorts: NONE
Longs Outperforming Market: CRED-41% CKCM ERS-121% ENER-25% DXPE GMXR-235% TOMO FNX NNDS RES-177% MNG-102% TMI GES-72% KNXA BBD-142% AAPL-62% TRAD-73% SWN DMC PNRG NTG-25% SCHK MCF NEM LIFC ALY-65% CBG-72% MFLX-170% COGO DSGX-33% ASF-150% CIB-42% LCAV STMP BNT-72% WIRE-73% SAY IDSY LDSH-43% BOOM-427% GRS-64% CRDN-65% DB ARS-30% CLZR TESOF MSCC-66% THOR-86% VLG XRTX ROK VTS GOL-63% NWRE-81% ASTE-26% LCC-41% AU-34% SPWR-43% VIMC AATI FWLT-65% MMK DRH CUP WBMD RUTH TGC-46% SNTO-30% TGE ESLR-114% TXCO-29% GIGM-78% STXN NDAQ-339% CDE MRB-85% RITA DEZ-114% OMNI OZN RTK-89% CPST DESC RBAK-142% AUY-78% SVR-71% TGB RDCM-33% NAK-39% GBN-30% HGRD SMDI-39% TFSM NOVL-31% NTO-33% SNPS IINT NXG-58% CLG-57% BEAS ANX-46% STD SILC-46% LTRX APLX EVST
Shorts Outperforming Market: NONE
Stocks On Radar Screen: RMX NGS SIMO HOKU PEIX AOB HEC MT CECE
Nothing really changed, after yesterdays trading, as the market bides time before today's FOMC meeting. The action will start after the FOMC meeting has ended, like always.
Until that meeting happens, it is status-quo the past three to four days. Markets continue to move up and leading stocks continue to outperform the rest of the market.
Hopefully, something exciting happens to write home about, today.
New Swing Longs: LEND ORCT BRNC SNG DSTI
New Swing Shorts: NONE
Longs Outperforming Market: CRED-41% CKCM ERS-121% ENER-25% DXPE GMXR-235% TOMO FNX NNDS RES-177% MNG-102% TMI GES-72% KNXA BBD-142% AAPL-62% TRAD-73% SWN DMC PNRG NTG-25% SCHK MCF NEM LIFC ALY-65% CBG-72% MFLX-170% COGO DSGX-33% ASF-150% CIB-42% LCAV STMP BNT-72% WIRE-73% SAY IDSY LDSH-43% BOOM-427% GRS-64% CRDN-65% DB ARS-30% CLZR TESOF MSCC-66% THOR-86% VLG XRTX ROK VTS GOL-63% NWRE-81% ASTE-26% LCC-41% AU-34% SPWR-43% VIMC AATI FWLT-65% MMK DRH CUP WBMD RUTH TGC-46% SNTO-30% TGE ESLR-114% TXCO-29% GIGM-78% STXN NDAQ-339% CDE MRB-85% RITA DEZ-114% OMNI OZN RTK-89% CPST DESC RBAK-142% AUY-78% SVR-71% TGB RDCM-33% NAK-39% GBN-30% HGRD SMDI-39% TFSM NOVL-31% NTO-33% SNPS IINT NXG-58% CLG-57% BEAS ANX-46% STD SILC-46% LTRX APLX EVST
Shorts Outperforming Market: NONE
Stocks On Radar Screen: RMX NGS SIMO HOKU PEIX AOB HEC MT CECE
Saturday, January 28, 2006
Markets Continue To Rally
Stocks continued their bullish bias on Friday, with the SP 500 and Nasdaq finishing up just under 1% each. Volume was lower than the day before but was still well above the 50 day volume averages of the indexes.
Not much has changed with the trends of the markets. Most are still up and many small and mid cap indexes are hitting new highs. This remains a bullish market and a painful market for bears. A pullback or sideways movement by the indexes would be nice to relieve some overbought pressure and setup a better base to attack new highs.
I can't think of much to add here, besides pointing your attention to all the longs outperforming the market. As you can see to make the big money you have to hold stocks longer than one day. How many stocks are down there on today's list alone that are up over 60%? I can't stress how important it is to take profits on the way up like I have been advising but at the same time not sell out the whole position.
When stocks have the CANSLIM characteristics and the market is strong like it is, pullbacks should be bought and not sold.
I hope you had a great weekend! I shall see you tomorrow night.
New Swing Long: DMC MMK
New Swing Shorts: NONE
Longs Outperforming Market: PRPX ERS-105% BNT-67% RNOW-32% AIX BOOM-420% WIRE-71% ASTE-25% NWRE-78% ADBE LDSH-42% ASVI-30% NTG GMXR-213% KEYS CRED-28% SWN GOL-62% ALY-62% DIET-46% CIB-39% SCHK NVDA-54% ASF-145% MNST-28% GRS-62% JBL CRDN-63% THOR-84% MFLX-165% RUSHA LCAV TMI RVSN-26% MCF STMP AU-33% NEM BBD-131% ACR-83% CHE HOMS-27% VTS DXPE CTXS MDCC DB IHS-26% RAIL-43% RES-162% GES-64% MNG-92% KEX PETS-137% EMAG SAY KNXA AKAM-40% IKAN SPWR-30% UDRL RUTH FWLT-58% DRH MRB-73% TGC SMSI RBAK-130% FDRY DDD-65% LCRD-48% BTUI-89% NAK-35% GRZ XRTX DEZ-101% BMD-294% VRTX-170% BKHM ANAD-113% NSTK RDCM-28% GSIG BGO ARDI THQI IED-33% ATHR-36% RGEN ZEUS-50% DA BEAS LRCX-37% RITA NOVL-28% PPCO CPTS-42% CLG-54% GLNG SNPS NKTR JDSU-31% CMPX FC EVST APLX
Shorts Outperforming Market: NONE
Stocks On Radar Screen: PROG TONS AX
Not much has changed with the trends of the markets. Most are still up and many small and mid cap indexes are hitting new highs. This remains a bullish market and a painful market for bears. A pullback or sideways movement by the indexes would be nice to relieve some overbought pressure and setup a better base to attack new highs.
I can't think of much to add here, besides pointing your attention to all the longs outperforming the market. As you can see to make the big money you have to hold stocks longer than one day. How many stocks are down there on today's list alone that are up over 60%? I can't stress how important it is to take profits on the way up like I have been advising but at the same time not sell out the whole position.
When stocks have the CANSLIM characteristics and the market is strong like it is, pullbacks should be bought and not sold.
I hope you had a great weekend! I shall see you tomorrow night.
New Swing Long: DMC MMK
New Swing Shorts: NONE
Longs Outperforming Market: PRPX ERS-105% BNT-67% RNOW-32% AIX BOOM-420% WIRE-71% ASTE-25% NWRE-78% ADBE LDSH-42% ASVI-30% NTG GMXR-213% KEYS CRED-28% SWN GOL-62% ALY-62% DIET-46% CIB-39% SCHK NVDA-54% ASF-145% MNST-28% GRS-62% JBL CRDN-63% THOR-84% MFLX-165% RUSHA LCAV TMI RVSN-26% MCF STMP AU-33% NEM BBD-131% ACR-83% CHE HOMS-27% VTS DXPE CTXS MDCC DB IHS-26% RAIL-43% RES-162% GES-64% MNG-92% KEX PETS-137% EMAG SAY KNXA AKAM-40% IKAN SPWR-30% UDRL RUTH FWLT-58% DRH MRB-73% TGC SMSI RBAK-130% FDRY DDD-65% LCRD-48% BTUI-89% NAK-35% GRZ XRTX DEZ-101% BMD-294% VRTX-170% BKHM ANAD-113% NSTK RDCM-28% GSIG BGO ARDI THQI IED-33% ATHR-36% RGEN ZEUS-50% DA BEAS LRCX-37% RITA NOVL-28% PPCO CPTS-42% CLG-54% GLNG SNPS NKTR JDSU-31% CMPX FC EVST APLX
Shorts Outperforming Market: NONE
Stocks On Radar Screen: PROG TONS AX
Thursday, January 26, 2006
Markets Rally On Heavier Volume; SP 600 Keeps Making All-Time Highs
Stocks rose across the board today, on higher volume than the day before, led by the Semiconductor Indexes 2.9% gain. The SP 600 closed at its HOD up 1.6%, making all-time highs. The Russell 2k also made all time highs finishing up 1.56%. Breadth was more than 2 to 1 positive.
All of this would be surprising to the normal person who reads the NY Times and watches CNN. If he read that newspaper and watched that channel, he would have thought the market was going to crash with all the geopolitical problems and scandals going on. That could have kept him out of the market. However, if you let facts be your guide you would have had made a lot of money by buying stocks since October.
I know that we could roll over. But I doubt that is going to happen. There are just too many good chart setups out there and the perfect short setups I did take completely backfired on me. This is the type of market where pullbacks are bought not shorted.
The bears are obviously wrong here and could be forced to cover their shorts, if the market keeps rising. A lot of people are surprised by this strength and that could help bid stocks up as people try to get invested.
If there were any stocks that made bigger than normal one day gains for you the past two days I would take some profits to raise some cash for the new longs that may pop up.
I had more written here but stupid blogspot doesn't have an "undo" button. So after my stupid mistake of highlighting three paragraphs and erasing them (instead of ONE word) I am too scatter brained to remember what the heck I wrote.
New Swing Longs: AEY SCUR CUP RUTH LOOK CDE NKTR MDG HAR
New Swing Shorts: NONE
Longs Outperforming Market: LIFC OXPS-82% ASVI-27% GRS-59% DIET-40% EMAG CRED-25% KEYS ASTE AIX KEX CIB-37% MFLX-162% BBD-130% ERS-85% RES-161% CRDN-61% RAIL-43% TRAD-67% MSCC-67% NVDA-51% NTG ARS-29% SEAB RATE-120% ENER-25% LCAV PRPX DB CHE HOMS-26% MNG-91% GOL-58% ITRN AU-32% DXPE PETS-136% STMP FFIV PKE VTS GES-63% STX MNST-25% SCHK BNT-57% TOMO CBG-70% NNDS SAY MORN MDCC BOOM-395% GMXR-206% JBL SF NEM IDSY VSEC-30% TESOF ASF-141% CLZR TMI THOR-82% NGPS ORA-51% ROK IHS-26% KNXA VLG RVSN-25% NWRE-72% CTXS SPWR-29% VIMC FWLT-57% WBMD UDRL SMDI-36% KLIC NDAQ-306% MSPD MMUS ANX-45% ASGN-96% CLG-53% CNXT-56% GRZ RBAK-108% AUY-70% RDCM JDSU-31% SNPS ATHR-32% EFJI LRCX-34% GLNG SNTO BGC-34% COGO Q-33% EDS CERS-212% NTO-31% ZEUS-47% STEL STD DA ADLR MRB-40% TGB TFSM-31% CMPX ASYS BLD EVST APLX
Shorts Outperforming Market: None, LOL. HW JNJ PVX RESP DGX all covered. I should listen to what I preach: Don't short a bull market.
How can anyone be making any money shorting stocks right now?
Stocks On The Radar Screen: ANTP ESI DMC NGS RMBS NWD LSI MT TXI FSII MII BANR DCO
All of this would be surprising to the normal person who reads the NY Times and watches CNN. If he read that newspaper and watched that channel, he would have thought the market was going to crash with all the geopolitical problems and scandals going on. That could have kept him out of the market. However, if you let facts be your guide you would have had made a lot of money by buying stocks since October.
I know that we could roll over. But I doubt that is going to happen. There are just too many good chart setups out there and the perfect short setups I did take completely backfired on me. This is the type of market where pullbacks are bought not shorted.
The bears are obviously wrong here and could be forced to cover their shorts, if the market keeps rising. A lot of people are surprised by this strength and that could help bid stocks up as people try to get invested.
If there were any stocks that made bigger than normal one day gains for you the past two days I would take some profits to raise some cash for the new longs that may pop up.
I had more written here but stupid blogspot doesn't have an "undo" button. So after my stupid mistake of highlighting three paragraphs and erasing them (instead of ONE word) I am too scatter brained to remember what the heck I wrote.
New Swing Longs: AEY SCUR CUP RUTH LOOK CDE NKTR MDG HAR
New Swing Shorts: NONE
Longs Outperforming Market: LIFC OXPS-82% ASVI-27% GRS-59% DIET-40% EMAG CRED-25% KEYS ASTE AIX KEX CIB-37% MFLX-162% BBD-130% ERS-85% RES-161% CRDN-61% RAIL-43% TRAD-67% MSCC-67% NVDA-51% NTG ARS-29% SEAB RATE-120% ENER-25% LCAV PRPX DB CHE HOMS-26% MNG-91% GOL-58% ITRN AU-32% DXPE PETS-136% STMP FFIV PKE VTS GES-63% STX MNST-25% SCHK BNT-57% TOMO CBG-70% NNDS SAY MORN MDCC BOOM-395% GMXR-206% JBL SF NEM IDSY VSEC-30% TESOF ASF-141% CLZR TMI THOR-82% NGPS ORA-51% ROK IHS-26% KNXA VLG RVSN-25% NWRE-72% CTXS SPWR-29% VIMC FWLT-57% WBMD UDRL SMDI-36% KLIC NDAQ-306% MSPD MMUS ANX-45% ASGN-96% CLG-53% CNXT-56% GRZ RBAK-108% AUY-70% RDCM JDSU-31% SNPS ATHR-32% EFJI LRCX-34% GLNG SNTO BGC-34% COGO Q-33% EDS CERS-212% NTO-31% ZEUS-47% STEL STD DA ADLR MRB-40% TGB TFSM-31% CMPX ASYS BLD EVST APLX
Shorts Outperforming Market: None, LOL. HW JNJ PVX RESP DGX all covered. I should listen to what I preach: Don't short a bull market.
How can anyone be making any money shorting stocks right now?
Stocks On The Radar Screen: ANTP ESI DMC NGS RMBS NWD LSI MT TXI FSII MII BANR DCO
Wednesday, January 25, 2006
Small Decline For Stocks; Volume Increases Across The Board
The SP 500 and Nasdaq lost ground today on higher volume. The good news was that the day's losses were not big enough to call this an outright distribution day. But that isn't comforting unless we can start making new highs on these indexes to go along with the SP 600. The action of the SP and Nasdaq is starting to look like churning to me and that is, of course, not going to be good for the market. However, with the way the SP 600 is acting it is becoming apparent (ONCE AGAIN) that this index is the leading index as it hits new highs and barely pullsback when the other indexes pullback.
So, once again, nothing has changed that was not said here on Friday and Monday. The two sessions since those two days have really revealed nothing new. The action continues to favor the small caps and not favor the big caps. If you read the previous post you will see the current trend of the market in all time frames I look at.
Until the good looking charts stop showing up on my scan, I will go against the public crowd and remain bullish.
New Swing Longs: GRZ PSPT BLD DA
New Swing Shorts: Later
Longs Outperforming Market: ERS-77% GOL-54% IDSY GRS-48% CKCM RVSN TOMO ITRN AU-29% MFLX-149% LDSH-42% ROK MNG-86% ARS-25% FFIV NEM PETS-130% OXPS-66% DSGX-35% VSEC-28% NTG RATE-113% KNXA CIB-29% BNT-54% JBL NWRE-72% DB SF RUSHA TMI PKE CTXS CRDN-54% STMP IKAN WBMD FLWT-54% GIGM-87% DMX TGB SMDI FLML DEZ-89% ANX-34% ZEUS-44% MMUS MSPD NTO-28% BGC-30% NOVL-26% IED-27% RSTI BFT STEL ING BWNG-38% NXG-55% KLIC COGO SBAC BEAS STD MEL CMPX ATHR-27% BAM FC
Shorts Outperforming Market: HW JNJ PVX
Stocks On Radar Screen: FHR MTZ LSI MNKD PEIX PTC SLNK TXI SNG MT FSII
So, once again, nothing has changed that was not said here on Friday and Monday. The two sessions since those two days have really revealed nothing new. The action continues to favor the small caps and not favor the big caps. If you read the previous post you will see the current trend of the market in all time frames I look at.
Until the good looking charts stop showing up on my scan, I will go against the public crowd and remain bullish.
New Swing Longs: GRZ PSPT BLD DA
New Swing Shorts: Later
Longs Outperforming Market: ERS-77% GOL-54% IDSY GRS-48% CKCM RVSN TOMO ITRN AU-29% MFLX-149% LDSH-42% ROK MNG-86% ARS-25% FFIV NEM PETS-130% OXPS-66% DSGX-35% VSEC-28% NTG RATE-113% KNXA CIB-29% BNT-54% JBL NWRE-72% DB SF RUSHA TMI PKE CTXS CRDN-54% STMP IKAN WBMD FLWT-54% GIGM-87% DMX TGB SMDI FLML DEZ-89% ANX-34% ZEUS-44% MMUS MSPD NTO-28% BGC-30% NOVL-26% IED-27% RSTI BFT STEL ING BWNG-38% NXG-55% KLIC COGO SBAC BEAS STD MEL CMPX ATHR-27% BAM FC
Shorts Outperforming Market: HW JNJ PVX
Stocks On Radar Screen: FHR MTZ LSI MNKD PEIX PTC SLNK TXI SNG MT FSII
Tuesday, January 24, 2006
Small Caps (SP600) Make New Highs; Stocks Close Higher On Higher Volume
Stocks finished higher, across the board, with volume rising or staying level on all the indexes. The SP600 was the bright spot making new all-time highs, moving up 1.4%. The Nasdaq and SP 500 finished higher .7% and .2% respectively.
There is nothing new to add today that was not here yesterday. Therefore, I refer back to my previous post for the current market situation.
Long Term Trend: Up
Intermediate Term Trend: Up
Sub-Intermediate Term Trend: Sideways: Sideways (SP 600: Up, DJ-30: Down)
Short-Term Trend: Down (SP 600: Up)
I believe it is obvious where the strength is by reading above and below.
New Swing Longs: LAB COGO RGEN BFT MSPD XRTX GLNG FC
New Swing Shorts: HW JNJ PVX
Longs Outperforming Market: CKCM ASTE CRDN-54% NGPS ERS-62% MCX-51% BBD-121% NTG LCC-51% ENER-38% KEYS DSGX-33% ARS MNST-25% GES-63% GOL-46% MNG-82% EMAG NWRE-71% STX-25% LCAV SF RATE-111% MSCC-65% JBL MFLX-143% ORA-52% IDSY WIRE-72% LIFC OXPS-63% ALY-60% BNT-53% ROK STMP AKAM-44% SAY THOR-81% FNX GMXR-207% ASVI CIB-28% RES-160% PRPX TRAD-67% BOOM-392% SCHK TMI STJ RNOW-25% NVDA-47% RUSHA PETS-126% RAIL-38% ACR-83% LDSH-38% VLG IHS-26% CBG-69% GRS-44% CLZR MORN WBMD UDRL FWLT-54% IKAN RADS CPST DMX LCRD-48% NTO SKIL JDSU-27% SBAC DXPE KLIC LRCX-30% TXCO KEX CNXT-48% TFSM-30% SMDI NAK-26% MEL ABAX BWNG-35% DVA ATHR-26% ZEUS-38% ASGN-76% NOVL CERS-206% CORS GBN-27% ECLP ESLR-101% NXG-52% STD ARXX PKE CMPX TWTC-57% EVST MDM
Shorts Outperforming Market: RESP
Stocks On Radar Screen: SURG ASPV CE MXC CNTF AKS X GVA MT MII ILC
There is nothing new to add today that was not here yesterday. Therefore, I refer back to my previous post for the current market situation.
Long Term Trend: Up
Intermediate Term Trend: Up
Sub-Intermediate Term Trend: Sideways: Sideways (SP 600: Up, DJ-30: Down)
Short-Term Trend: Down (SP 600: Up)
I believe it is obvious where the strength is by reading above and below.
New Swing Longs: LAB COGO RGEN BFT MSPD XRTX GLNG FC
New Swing Shorts: HW JNJ PVX
Longs Outperforming Market: CKCM ASTE CRDN-54% NGPS ERS-62% MCX-51% BBD-121% NTG LCC-51% ENER-38% KEYS DSGX-33% ARS MNST-25% GES-63% GOL-46% MNG-82% EMAG NWRE-71% STX-25% LCAV SF RATE-111% MSCC-65% JBL MFLX-143% ORA-52% IDSY WIRE-72% LIFC OXPS-63% ALY-60% BNT-53% ROK STMP AKAM-44% SAY THOR-81% FNX GMXR-207% ASVI CIB-28% RES-160% PRPX TRAD-67% BOOM-392% SCHK TMI STJ RNOW-25% NVDA-47% RUSHA PETS-126% RAIL-38% ACR-83% LDSH-38% VLG IHS-26% CBG-69% GRS-44% CLZR MORN WBMD UDRL FWLT-54% IKAN RADS CPST DMX LCRD-48% NTO SKIL JDSU-27% SBAC DXPE KLIC LRCX-30% TXCO KEX CNXT-48% TFSM-30% SMDI NAK-26% MEL ABAX BWNG-35% DVA ATHR-26% ZEUS-38% ASGN-76% NOVL CERS-206% CORS GBN-27% ECLP ESLR-101% NXG-52% STD ARXX PKE CMPX TWTC-57% EVST MDM
Shorts Outperforming Market: RESP
Stocks On Radar Screen: SURG ASPV CE MXC CNTF AKS X GVA MT MII ILC
Monday, January 23, 2006
Market Finds Support; Where Was The Crash?
Major market indexes did not do much today, basically with none of the averages moving more than .5%; the IBD 100 did advance 1.4% showing how strong the leaders are in this market. Volume did come in lower than Friday but that was to be expected with options expiration on Friday.
The Nasdaq and SP500 found support at their 50 day moving average. That was impressive considering how everyone was nervous we were going straight down through all support. Even though today wasn't a resounding rebound it beats a crash right through all support levels.
Still with everything happening in the geopolitical arena and all the earnings disappointments it is best to stay disciplined and be prepared for the possibility of a market slide. Though I don't think we are going to have anything serious, you still want to be prepared incase.
However, when you look at all the stocks I am long you can see that all the stupid bearish chatter is just that: stupid bearish chatter. The small caps and mid caps continue to shine and produce great gains. Seriously, just look at the returns select small and mid caps are producing. Why are the bears so ignorant to the obvious bright spots all around them?
SIDENOTE: CONGRATULATIONS CANADA! THOUGH IT WASN'T A MAJORITY IT IS STILL A START. CONGRATULATIONS ON ENDING 13 YEARS OF LIBERAL SOCIALISM INSIDE CANADA'S BORDER!! CONGRATS STEPHEN HARPER'S CONSERVATIVE PARTY!
Free markets instead of government controlled enterprises are always a better choice for EVERYONE. Low taxes, less government, and free markets, baby! Why isn't anyone talking about Iceland or Ireland? Has anyone seen the growth in those two countries? How about Chile or Brasil. Has anyone seen the GDP growth in those countries? What do those countries have that France, Germany, Venezuela, and Cuba don't? Why don't the countries with low growth do what the countries with high growth do? Could it be who they elected into office, unless they are dictators like Chavez and Castro where the people had NO choice? I wonder.
New Swing Longs: FNX EMAG RUSHA OZN
New Swing Shorts: DGX RESP
Longs Outperforming Market: PETS-125% CRED-31% RES-157% GMXR-202% BNT-50% TRAD-65% MNG-76% ORA-48% IHS-26% NTG NGPS PNRG OXPS-60% ARS AU-26% RAIL-37% BBD-109% STX BOOM-388% AAPL-66% CBG-69% GES-57% SAY VTS KEYS DB TMI SRA GRS-44% THOR-78% NEM MFLX-137% RVSN SWN STJ ASTE ACR-82% UDRL DRH ZEUS-35% MMUS GBN-25% OMNI SNTO TGC ESLR-98% CORS DDD-49% LCRD-40% RTK-87% SPSX NAK UBS NXG-51% DROOY-25% BKUNA CMPX DESC RATE-105% HSP-28% RCNI CERS-201% OPLK APAC PRPX ATRM EVST
Shorts Outperforming Market: NONE
Stocks On Radar Screen: NGS EGY GEOI CNTF AAU POZN HDY MII
The Nasdaq and SP500 found support at their 50 day moving average. That was impressive considering how everyone was nervous we were going straight down through all support. Even though today wasn't a resounding rebound it beats a crash right through all support levels.
Still with everything happening in the geopolitical arena and all the earnings disappointments it is best to stay disciplined and be prepared for the possibility of a market slide. Though I don't think we are going to have anything serious, you still want to be prepared incase.
However, when you look at all the stocks I am long you can see that all the stupid bearish chatter is just that: stupid bearish chatter. The small caps and mid caps continue to shine and produce great gains. Seriously, just look at the returns select small and mid caps are producing. Why are the bears so ignorant to the obvious bright spots all around them?
SIDENOTE: CONGRATULATIONS CANADA! THOUGH IT WASN'T A MAJORITY IT IS STILL A START. CONGRATULATIONS ON ENDING 13 YEARS OF LIBERAL SOCIALISM INSIDE CANADA'S BORDER!! CONGRATS STEPHEN HARPER'S CONSERVATIVE PARTY!
Free markets instead of government controlled enterprises are always a better choice for EVERYONE. Low taxes, less government, and free markets, baby! Why isn't anyone talking about Iceland or Ireland? Has anyone seen the growth in those two countries? How about Chile or Brasil. Has anyone seen the GDP growth in those countries? What do those countries have that France, Germany, Venezuela, and Cuba don't? Why don't the countries with low growth do what the countries with high growth do? Could it be who they elected into office, unless they are dictators like Chavez and Castro where the people had NO choice? I wonder.
New Swing Longs: FNX EMAG RUSHA OZN
New Swing Shorts: DGX RESP
Longs Outperforming Market: PETS-125% CRED-31% RES-157% GMXR-202% BNT-50% TRAD-65% MNG-76% ORA-48% IHS-26% NTG NGPS PNRG OXPS-60% ARS AU-26% RAIL-37% BBD-109% STX BOOM-388% AAPL-66% CBG-69% GES-57% SAY VTS KEYS DB TMI SRA GRS-44% THOR-78% NEM MFLX-137% RVSN SWN STJ ASTE ACR-82% UDRL DRH ZEUS-35% MMUS GBN-25% OMNI SNTO TGC ESLR-98% CORS DDD-49% LCRD-40% RTK-87% SPSX NAK UBS NXG-51% DROOY-25% BKUNA CMPX DESC RATE-105% HSP-28% RCNI CERS-201% OPLK APAC PRPX ATRM EVST
Shorts Outperforming Market: NONE
Stocks On Radar Screen: NGS EGY GEOI CNTF AAU POZN HDY MII
Friday, January 20, 2006
BIggest Selloff Since 2004 Hits The Indexes Hard; Volume Increases Giving Another Distribution Day
A massive selloff hit the entire stock market, on Friday. All indexes fell: Nasdaq 2.4%, SP500 1.8%, DOW 1.9%, SP600 1.3%, Nasdaq100 3.1%, SOX 4.2%, IBD100 1.5%, and GOOG 8.5% (cnbc acts like it is an index, might as well). Along with the large declines came a pickup in volume, giving the Nasdaq its 2nd distribution day in three days (3 in 4 in IBD; my charts show different) and the SP500 its 3rd in four days. Breadth was decisively negative with three decliners to every stock that advanced. However, if you look at the indexes that favor small caps and mid caps more to large caps, you will see they did much better and most leading stocks in those indexes held up well today.
The reason for todays decline was everywhere. Though I am not sure which reason was the dominate one, when combined all took a big toll on the market. Everyone was blaming the OBL tape, Iran, oil, and weak earnings for the selloff. I think expectations were too high for earnings and that along with the news events of Iran was bound to hit the market with a steep loss.
The one obvious positive from a day like today is the fact how well small caps held up. My portfolio didn't do that bad Friday at all. There were some big hits and pullbacks here and there but the majority of my stocks pulled back softly on lower volume or ticked up a bit. The concentration of the selling today was obviously in big caps. I saw tons of big cap banks, techs, and medical stocks get rocked. Just take a look at the DOW 30 components to see what I am talking about.
While the pullback was scary and really has people talking about a crash I am just not sure that is going to happen. I do know that there were way too many bulls in the newsletter survey and the AAII survey for a while now. So this should start scaring people to more moderate levels. The put/call jumped to high levels but it did that on Wednesday too just to fall back to low levels on Thursday. It is too volatile and I would like it to stay around the 1 mark for a while to indicate we are getting enough fear in this market to rally again.
Hopefully you have been taking some profits like I have been advising the past week and did not have to give back a lot of profits. All you got to do is go back and read the past six or so entries and look at the comments I have left readers the past week to see that I have been advising profit taking. However, I am still way long and have a lot of charts that look wonderful. Until those charts start throwing up some warning signs I will ride them all the way up.
New Swing Longs: UDRL BKUNA
New Swing Shorts: I am sure I will find some
Longs Outperforming Market: CRED CRDN-49% ERS-54% FFIV TESOF SCHK SWN MCF AIX SRA VSEC-28% RES-142% NTG VLG TMI RAIL-34% ENER-31% FWLT-53% IKAN OMNI RTK-80% RADS ANX-33% BWNG-33% TXCO TWTC-55% DWCH DEZ-84% OMCL GIGM-61% NAK CERS-196% NRPH-105% AUY-56% MMUS RATE-101% KGC-36% ZEUS RITA TGB FLML
Stocks On Radar Screen: GEOI BRNC HOKU HBX AAU HDY DWCH CTE
Blowup Of The Day: SUPX ---This stock hit me with a big punch in the nuts today. Fortunately, I was long it from a long time ago and took some profits recently when I was taking partial profits on my long term winners. A 59% gain turned into a 14% gain. However, it was still a gain. Five months was a long time to hold a stock just to watch it wipe out most of its gains overnight. Oh well. Thanks Regulation FD. You, once again, hurt investors more than helped by not letting the big boys distribute stock slowly before the earnings downgrade and shortfall. If Regulation FD did not exist, certain big holders would have been told that earnings would be bad and could have sold the stock off slowly. That then would have appeared in the charts and anyone who has a cut loss strategy or could tell the big boys were selling could have gotten out. If you say that is not fair, I say BS. These blowups hurt more than they dont. Before Reg. FD there is NO WAY this stock with its earnings woul d have fallen to these levels. Maybe 35 but no way 30. SUPX will be back in the 40's soon. We could have prevented this swoon along with the MANY MANY MANY others by getting rid of a law that helps NO ONE and hurts a lot of investors. The stock was going to fall anyway, Regulation FD or not. It was a matter of a slow fall or a one day crash. Reg FD now makes one day crashes possible.
-----------GOOG and Justice Dept. comments. I have a bone to pick with that too.-------------
The reason for todays decline was everywhere. Though I am not sure which reason was the dominate one, when combined all took a big toll on the market. Everyone was blaming the OBL tape, Iran, oil, and weak earnings for the selloff. I think expectations were too high for earnings and that along with the news events of Iran was bound to hit the market with a steep loss.
The one obvious positive from a day like today is the fact how well small caps held up. My portfolio didn't do that bad Friday at all. There were some big hits and pullbacks here and there but the majority of my stocks pulled back softly on lower volume or ticked up a bit. The concentration of the selling today was obviously in big caps. I saw tons of big cap banks, techs, and medical stocks get rocked. Just take a look at the DOW 30 components to see what I am talking about.
While the pullback was scary and really has people talking about a crash I am just not sure that is going to happen. I do know that there were way too many bulls in the newsletter survey and the AAII survey for a while now. So this should start scaring people to more moderate levels. The put/call jumped to high levels but it did that on Wednesday too just to fall back to low levels on Thursday. It is too volatile and I would like it to stay around the 1 mark for a while to indicate we are getting enough fear in this market to rally again.
Hopefully you have been taking some profits like I have been advising the past week and did not have to give back a lot of profits. All you got to do is go back and read the past six or so entries and look at the comments I have left readers the past week to see that I have been advising profit taking. However, I am still way long and have a lot of charts that look wonderful. Until those charts start throwing up some warning signs I will ride them all the way up.
New Swing Longs: UDRL BKUNA
New Swing Shorts: I am sure I will find some
Longs Outperforming Market: CRED CRDN-49% ERS-54% FFIV TESOF SCHK SWN MCF AIX SRA VSEC-28% RES-142% NTG VLG TMI RAIL-34% ENER-31% FWLT-53% IKAN OMNI RTK-80% RADS ANX-33% BWNG-33% TXCO TWTC-55% DWCH DEZ-84% OMCL GIGM-61% NAK CERS-196% NRPH-105% AUY-56% MMUS RATE-101% KGC-36% ZEUS RITA TGB FLML
Stocks On Radar Screen: GEOI BRNC HOKU HBX AAU HDY DWCH CTE
Blowup Of The Day: SUPX ---This stock hit me with a big punch in the nuts today. Fortunately, I was long it from a long time ago and took some profits recently when I was taking partial profits on my long term winners. A 59% gain turned into a 14% gain. However, it was still a gain. Five months was a long time to hold a stock just to watch it wipe out most of its gains overnight. Oh well. Thanks Regulation FD. You, once again, hurt investors more than helped by not letting the big boys distribute stock slowly before the earnings downgrade and shortfall. If Regulation FD did not exist, certain big holders would have been told that earnings would be bad and could have sold the stock off slowly. That then would have appeared in the charts and anyone who has a cut loss strategy or could tell the big boys were selling could have gotten out. If you say that is not fair, I say BS. These blowups hurt more than they dont. Before Reg. FD there is NO WAY this stock with its earnings woul d have fallen to these levels. Maybe 35 but no way 30. SUPX will be back in the 40's soon. We could have prevented this swoon along with the MANY MANY MANY others by getting rid of a law that helps NO ONE and hurts a lot of investors. The stock was going to fall anyway, Regulation FD or not. It was a matter of a slow fall or a one day crash. Reg FD now makes one day crashes possible.
-----------GOOG and Justice Dept. comments. I have a bone to pick with that too.-------------
Thursday, January 19, 2006
Markets Rally On Heavier Volume Than Yesterday's Selloff
I apologize for no commentary today. I went out with a great friend tonight that I have not been out with for a long time. Great friends/family always take priority over fun. And fun is all this blog is about.
New Swing Longs: RADS LIOX CMPX COHU SMSI RCNI RITA ADLR ORBK ATRM
New Swing Shorts: NONE
Longs Outperforming Market: LIFE-34% GMXR-190% ALY-63% ORA-44% CTXS GOL-42% MCX-48% RES-141% STX ERS-48% CRED NVDA-50% ASVI BBD-106% TRAD-65% LCAV SAY VTS MORN DIET-45% MNG-73% RAIL-34% AIX MFLX-156% TESOF SWN FAST-27% JBL BOOM-396% OXPS-70% AKAM-48% ASF-160% CRDN-43% NWRE-71% AU-29% SUPX-59% SCHK TOMO STMP LCC-48% FFIV ASTE CBG-67% ADBE PKE MSCC-64% VLG MNST-25% THOR-83% DSGX-33% SRA NGPS ARS UEPS TMI NTG MCF ROK CIB-28% ACR-86% VTAL FWLT-51% DRH AATI LRCX-29% DEZ-78% DROOY-26% ONT-35% DDD-46% BWNG-30% KLIC NRPH-102% JDSU-28% TGE NAK TXCO FLML AIS AUY-53% MRB-37% RATE-97% ATHR-25% EMKR-122% ESLR-97% OMNI REGN-46% EFJI CNXT-49% OPLK BKHM TFSM-32% FDRY KGC-35% SVR-71% ECLP TVIA CORS NOVL UBS RADN-28% ANAD-103% Q-28% NXG-45% ENY EVST PRPX
Shorts Outperforming Market: NONE
Stocks On Radar Screen: TS PTC HXM BMI FSL WAL BDE AAU CNTF DFZ NGS POZN SEAC CRAY ZL MII
New Swing Longs: RADS LIOX CMPX COHU SMSI RCNI RITA ADLR ORBK ATRM
New Swing Shorts: NONE
Longs Outperforming Market: LIFE-34% GMXR-190% ALY-63% ORA-44% CTXS GOL-42% MCX-48% RES-141% STX ERS-48% CRED NVDA-50% ASVI BBD-106% TRAD-65% LCAV SAY VTS MORN DIET-45% MNG-73% RAIL-34% AIX MFLX-156% TESOF SWN FAST-27% JBL BOOM-396% OXPS-70% AKAM-48% ASF-160% CRDN-43% NWRE-71% AU-29% SUPX-59% SCHK TOMO STMP LCC-48% FFIV ASTE CBG-67% ADBE PKE MSCC-64% VLG MNST-25% THOR-83% DSGX-33% SRA NGPS ARS UEPS TMI NTG MCF ROK CIB-28% ACR-86% VTAL FWLT-51% DRH AATI LRCX-29% DEZ-78% DROOY-26% ONT-35% DDD-46% BWNG-30% KLIC NRPH-102% JDSU-28% TGE NAK TXCO FLML AIS AUY-53% MRB-37% RATE-97% ATHR-25% EMKR-122% ESLR-97% OMNI REGN-46% EFJI CNXT-49% OPLK BKHM TFSM-32% FDRY KGC-35% SVR-71% ECLP TVIA CORS NOVL UBS RADN-28% ANAD-103% Q-28% NXG-45% ENY EVST PRPX
Shorts Outperforming Market: NONE
Stocks On Radar Screen: TS PTC HXM BMI FSL WAL BDE AAU CNTF DFZ NGS POZN SEAC CRAY ZL MII
Wednesday, January 18, 2006
Thank God For The Media! Without Them I Might Have Wondered If We Were Going To Crash. Fortunately, They Are Always Wrong, So We Didn't
Since the media was so sure Armageddon was going to happen today, I had a feeling things might not be that bad. After hitting the morning lows early on the Nasdaq, we spent the rest of the day biding time and not adding to the damage. The SP and Dow did slip further as the day went on but recovered to close where they opened. So, overall I give the market a standing ovation. The media almost had me convinced today was going to be ugly. The market, like always, proved them wrong.
Luckily for me I only pay attention to what the indexes are actually doing. I will leave the predictions to the folks who don't trade stocks for a living. So what were the markets doing? Today the heavy selling on the Nasdaq hit it for a 1% loss giving it a big distribution day. The SP also fell .4% on heavier volume, giving it a distribution day. However, both of these indexes felt the wait of YHOO and INTC as both stocks make up a pretty healthy chunk of both exchanges. To see what happened elsewhere, just take a look at the SP600, Russell 2000, and Semiconductor Index. Those indexes were all up and plenty of stocks still show beautiful charts that in those indexes.
The stock market is still in a rally but hopefully some profits were taken when I mentioned taking profits last week. If you did that you probably aren't that upset with this pullback. A pullback that we needed, I remind you. If, however, you did not and you got hit with some nasty pullback and they are down more than 8% from your original buy point sell your stock. There will be plenty of other opportunities to make money without "hoping" that your loser will "come back." More often than not, they don't come back.
Overall, I will say, once again, this market did fine today and gets my congratulations for not crashing like EVERYONE said it was going to do. The chat rooms were a fricking joke today.
No matter if it is Japan, YHOO, INTC, EBAY, AAPL, the inverted yield curve, the uncontrollable debt, or interest rate hikes, you just should not care about the what ifs, unless it can be confirmed with weakness in individual stocks and the index charts. The stock market will give you plenty of time to leave the party before the big selling happens. The more you waste your time being worried to death about crap that may or may not happen, the less time you devote to research to find the next big winners. I tell you what there was a TON of reasons why I should have sold BOOM BMD CERS BCRX VRTX MFLX NDAQ ASF etc. before they showed me the big profits this past year. Too bad none of those reasons were FACTS. The facts (price and volume/the chart) told me to hang on and I did. Soon the facts will show me to sell all of the remaining positions and when that happens I will sell. Until then I am still long and strong these great stocks.
Never buy or sell on tips, rumors, fears, or greed! Just do your own homework. You will thank me later.
New Swing Longs: TVIA MMUS FLML
New Swing Shorts: NONE
Longs Outperforming Market:ENER-35% RVSN IHS-27% THOR-80% KEYS AKAM-43% NTG LDSH-44% ASVI NGPS LIFE KNXA STJ RNOW-25% FFIV ADBE TMI VLG NVDA-42% MFLX-146% STMP VTAL VTS ASTE SPWR-27% FWLT-46% IKAN DRH VIMC AATI DESC BTUI-79% GIGM-61% TGC ANAD-99% BMD-313% NRPH-88% CPTS-34% ESLR-88% HOMS-31% LRCX IINT SVR-66% CNXT-44% BWNG RATE-88% ZEUS Q-26% CERS-196% AXE DDD-34% EMKR-112%
Shorts Outperforming Market: NONE
Stocks On Radar Screen: MLP BMI DFZ
Luckily for me I only pay attention to what the indexes are actually doing. I will leave the predictions to the folks who don't trade stocks for a living. So what were the markets doing? Today the heavy selling on the Nasdaq hit it for a 1% loss giving it a big distribution day. The SP also fell .4% on heavier volume, giving it a distribution day. However, both of these indexes felt the wait of YHOO and INTC as both stocks make up a pretty healthy chunk of both exchanges. To see what happened elsewhere, just take a look at the SP600, Russell 2000, and Semiconductor Index. Those indexes were all up and plenty of stocks still show beautiful charts that in those indexes.
The stock market is still in a rally but hopefully some profits were taken when I mentioned taking profits last week. If you did that you probably aren't that upset with this pullback. A pullback that we needed, I remind you. If, however, you did not and you got hit with some nasty pullback and they are down more than 8% from your original buy point sell your stock. There will be plenty of other opportunities to make money without "hoping" that your loser will "come back." More often than not, they don't come back.
Overall, I will say, once again, this market did fine today and gets my congratulations for not crashing like EVERYONE said it was going to do. The chat rooms were a fricking joke today.
No matter if it is Japan, YHOO, INTC, EBAY, AAPL, the inverted yield curve, the uncontrollable debt, or interest rate hikes, you just should not care about the what ifs, unless it can be confirmed with weakness in individual stocks and the index charts. The stock market will give you plenty of time to leave the party before the big selling happens. The more you waste your time being worried to death about crap that may or may not happen, the less time you devote to research to find the next big winners. I tell you what there was a TON of reasons why I should have sold BOOM BMD CERS BCRX VRTX MFLX NDAQ ASF etc. before they showed me the big profits this past year. Too bad none of those reasons were FACTS. The facts (price and volume/the chart) told me to hang on and I did. Soon the facts will show me to sell all of the remaining positions and when that happens I will sell. Until then I am still long and strong these great stocks.
Never buy or sell on tips, rumors, fears, or greed! Just do your own homework. You will thank me later.
New Swing Longs: TVIA MMUS FLML
New Swing Shorts: NONE
Longs Outperforming Market:ENER-35% RVSN IHS-27% THOR-80% KEYS AKAM-43% NTG LDSH-44% ASVI NGPS LIFE KNXA STJ RNOW-25% FFIV ADBE TMI VLG NVDA-42% MFLX-146% STMP VTAL VTS ASTE SPWR-27% FWLT-46% IKAN DRH VIMC AATI DESC BTUI-79% GIGM-61% TGC ANAD-99% BMD-313% NRPH-88% CPTS-34% ESLR-88% HOMS-31% LRCX IINT SVR-66% CNXT-44% BWNG RATE-88% ZEUS Q-26% CERS-196% AXE DDD-34% EMKR-112%
Shorts Outperforming Market: NONE
Stocks On Radar Screen: MLP BMI DFZ
Tuesday, January 17, 2006
Internet Earnings And Japan Going To Make For A Rough Wednesday
New Swing Longs: CRED VLG TGC TGE ENY PRPX
New Swing Shorts: NONE
Longs Outperforming Market: GMXR-167% DXPE TRAD-63% LIFC ERS-43% BNT-53% ALY-52% SWN LIFE RAIL-32% NGPS BOOM-398% RES-132% MCF LOGI-29% IHS ITRN ASVI TMI ASTE NTG ADBE ARS CRDN-43% ROK OXPS-67% NWRE-72% ENER-25% VTAL VTS STJ GES-61% CIB-30% ANST KEYS MFLX-145% BBD-100% IKAN AATI RTK-87% BCRX-180% CERS-194% GIGM-51% LCRD-30% ONT-28% TFSM-31% ZVXI ESLR-83% NXG-47% CORS DESC TXCO ELN-51% NAK DROOY-29% DEPO GBN TGB TOMO BKHM MRB-41% OMNI RATE-87% BCF KGC-34% SVR-64% BWNG
Shorts Outperforming Market: NONE
Stocks On Radar Screen: MLP HOKU EZM GAX CUP KAL MNKD FUEL CHINA GNTA IBIS SOHU IRSN KVHI
New Swing Shorts: NONE
Longs Outperforming Market: GMXR-167% DXPE TRAD-63% LIFC ERS-43% BNT-53% ALY-52% SWN LIFE RAIL-32% NGPS BOOM-398% RES-132% MCF LOGI-29% IHS ITRN ASVI TMI ASTE NTG ADBE ARS CRDN-43% ROK OXPS-67% NWRE-72% ENER-25% VTAL VTS STJ GES-61% CIB-30% ANST KEYS MFLX-145% BBD-100% IKAN AATI RTK-87% BCRX-180% CERS-194% GIGM-51% LCRD-30% ONT-28% TFSM-31% ZVXI ESLR-83% NXG-47% CORS DESC TXCO ELN-51% NAK DROOY-29% DEPO GBN TGB TOMO BKHM MRB-41% OMNI RATE-87% BCF KGC-34% SVR-64% BWNG
Shorts Outperforming Market: NONE
Stocks On Radar Screen: MLP HOKU EZM GAX CUP KAL MNKD FUEL CHINA GNTA IBIS SOHU IRSN KVHI
Saturday, January 14, 2006
Have A Great 3-Day Weekend
Stock indexes were quiet Friday with none of the major averages moving more than .1%. So we can basically call it a flat consolidating day on low volume. Breadth was positive on the flat day so there was still some underlying strength in this quiet day.
The good news is the market went up since the start of the year on volume well above average, since then the Thursday and Friday minor pullback has been on low volume. That is about as much as you can ask for in a healthy market. Up big on big volume, down little on small volume. Not sure what is bearish about that.
The bad news is all over the TV and the newspapers and the bears constant attacks on the market. That along with the upcoming earnings season could cause some volatility in some issues. But no matter what they say it doesnt matter. Until the markets actually rollover the bears are wrong. It is that simple. If the market and stocks are going up, and going up a lot, I remind you, then how can you be right if you are a bear? You are not. Just ask the HANS bears the past two years how those trades have been working out.
If you say to me that I am cherry picking an issue. Then fine. The most a stock can go down is 99.9%. Compare that to the 5,500% rise in HANS. You rather go long HANS or go short Refco? A 5,500% gain on bull side. A 99.9% gain on bear side. When the bear returns I will become bearish, until then the longs are always better and will always make you more money in a bull market.
Good luck out there in the investment world full of worthless academic theory and poor analyst with brains that are too big for this simple stock market. KISS! Keep It Simple!
New Swing Longs: LIFC TMI NGPS HOM ZVXI VTAL AMSWA TGB
New Swing Shorts: NONE
Longs Outperforming Market: SILC-55% DIET-42% MNG-73% STX SEAB SWN AU IHS NEM SLW-35% SCHK UEPS RVSN BBD-100% VTS KEYS CRDN-41% OXPS-65% BOOM-386% TRAD-53% ITRN AAPL-85% VSEC-30% SXC ORA-34% DXPE ENER FSL MFLX-145% SAY SRA ASVI CTXS LIFE RAIL-29% RES-127% JBL MDCC-27% NNDS NWRE-70% BNT-47% ANST CIB-30% GES-60% PKE STMP MIDD-53% MHA IKAN VIMC ACR-87% TOMO DROOY-26% MRB-39% SFE TFSM JDSU DEZ-65% TSCM-75% ANX-42% BGO ECLP GRS-50% ONT ATHR NXG-39% ACTG NTO ARXX VGZ-28% HSP-27% RTK-53% BCF PPCO EFJI EVST BSMD-49% TFR-44%
Shorts Outperforming Market: NONE
Stocks On Radar Screen: BRY TRLG GHDX REX BAS SEED RUTH MMK IDNX COGO OZN ISO EQIX INB TVIA MLR CTG
The good news is the market went up since the start of the year on volume well above average, since then the Thursday and Friday minor pullback has been on low volume. That is about as much as you can ask for in a healthy market. Up big on big volume, down little on small volume. Not sure what is bearish about that.
The bad news is all over the TV and the newspapers and the bears constant attacks on the market. That along with the upcoming earnings season could cause some volatility in some issues. But no matter what they say it doesnt matter. Until the markets actually rollover the bears are wrong. It is that simple. If the market and stocks are going up, and going up a lot, I remind you, then how can you be right if you are a bear? You are not. Just ask the HANS bears the past two years how those trades have been working out.
If you say to me that I am cherry picking an issue. Then fine. The most a stock can go down is 99.9%. Compare that to the 5,500% rise in HANS. You rather go long HANS or go short Refco? A 5,500% gain on bull side. A 99.9% gain on bear side. When the bear returns I will become bearish, until then the longs are always better and will always make you more money in a bull market.
Good luck out there in the investment world full of worthless academic theory and poor analyst with brains that are too big for this simple stock market. KISS! Keep It Simple!
New Swing Longs: LIFC TMI NGPS HOM ZVXI VTAL AMSWA TGB
New Swing Shorts: NONE
Longs Outperforming Market: SILC-55% DIET-42% MNG-73% STX SEAB SWN AU IHS NEM SLW-35% SCHK UEPS RVSN BBD-100% VTS KEYS CRDN-41% OXPS-65% BOOM-386% TRAD-53% ITRN AAPL-85% VSEC-30% SXC ORA-34% DXPE ENER FSL MFLX-145% SAY SRA ASVI CTXS LIFE RAIL-29% RES-127% JBL MDCC-27% NNDS NWRE-70% BNT-47% ANST CIB-30% GES-60% PKE STMP MIDD-53% MHA IKAN VIMC ACR-87% TOMO DROOY-26% MRB-39% SFE TFSM JDSU DEZ-65% TSCM-75% ANX-42% BGO ECLP GRS-50% ONT ATHR NXG-39% ACTG NTO ARXX VGZ-28% HSP-27% RTK-53% BCF PPCO EFJI EVST BSMD-49% TFR-44%
Shorts Outperforming Market: NONE
Stocks On Radar Screen: BRY TRLG GHDX REX BAS SEED RUTH MMK IDNX COGO OZN ISO EQIX INB TVIA MLR CTG
Thursday, January 12, 2006
The Stock Market Pullback Starts; Bears Already Calling This "The Top."
Stocks closed lower across the board but they didnt swoon. The Nasdaq was down .6%, NYSE .7%, IBD100 .9%, SP600 .6%, and the SOX 1.3%. But all the index fell on lower volume. This is what you want to see in a bull market. The indexes move up on higher volume and fall on lower volume. And dont let the 1.3% drop on the SOX scare you that the tech rally is over because the index has been up 11% already this year. A pullback on lower volume is healthy, bottom line. The techs needed to pullback to work off their overbought conditions.
There are plenty of charts that look really nice out there and if these pullback to some better buy points we could see some institutions bid stocks up. Why? I am sure not everyone got this rally. I have a feeling a lot of people were underinvested and any pullback will be bought by the underinvested bears being forced to turn into bulls. Some investors will get scared and sell all of their nice gains. I think that will be a mistake as those weak holders will just transfer their stock into stronger smarter money.
Top callers get ready. A pullback just sets us up for a nice short squeeze, AGAIN. If that is the case, looks like you guys will be wrong again.
Whatever happens, make sure you know how to protect all gains by not letting any stock show you a big loss. Always, I repeat, always have a good cut loss strategy. I recommend newbies to vigorously stick with 7-8% rule on all losses after an initial purchase.
New Swing Longs: LCAV DESC KNOL PKE CORS ASYS MHA
New Swing Shorts: NONE
Longs Outperforming Market: ENER ORA-32% CTXS DIET-30% DSGX-35% IDSY SWN GMXR-146% MCF LOGI-27% WOOF VSEC-27% NNDS ERS-38% SAY LIFE UEPS SXC CKCM KEYS NMR LCC-70% AAPL-82% RAIL-28% THOR-80% ADBE STMP SCHK BWNG TSCM-65% EMKR-129% AIX ECLP RATE-83% OMNI ANX-36% ELN-47% SVR-65% ESLR-76% GBN BGO SNPS DMX TXCO ATHR BCF RNOW-32% MYE LTRX ICTG MCX-48%
Shorts Outperforming Market: NONE
Stocks On Radar Screen: VLCM SCUR HOKU SFUN RUTH CRUS SONO SNG DCTH DYN SRCP CONR RITA CAMT PST SYNT DCO
There are plenty of charts that look really nice out there and if these pullback to some better buy points we could see some institutions bid stocks up. Why? I am sure not everyone got this rally. I have a feeling a lot of people were underinvested and any pullback will be bought by the underinvested bears being forced to turn into bulls. Some investors will get scared and sell all of their nice gains. I think that will be a mistake as those weak holders will just transfer their stock into stronger smarter money.
Top callers get ready. A pullback just sets us up for a nice short squeeze, AGAIN. If that is the case, looks like you guys will be wrong again.
Whatever happens, make sure you know how to protect all gains by not letting any stock show you a big loss. Always, I repeat, always have a good cut loss strategy. I recommend newbies to vigorously stick with 7-8% rule on all losses after an initial purchase.
New Swing Longs: LCAV DESC KNOL PKE CORS ASYS MHA
New Swing Shorts: NONE
Longs Outperforming Market: ENER ORA-32% CTXS DIET-30% DSGX-35% IDSY SWN GMXR-146% MCF LOGI-27% WOOF VSEC-27% NNDS ERS-38% SAY LIFE UEPS SXC CKCM KEYS NMR LCC-70% AAPL-82% RAIL-28% THOR-80% ADBE STMP SCHK BWNG TSCM-65% EMKR-129% AIX ECLP RATE-83% OMNI ANX-36% ELN-47% SVR-65% ESLR-76% GBN BGO SNPS DMX TXCO ATHR BCF RNOW-32% MYE LTRX ICTG MCX-48%
Shorts Outperforming Market: NONE
Stocks On Radar Screen: VLCM SCUR HOKU SFUN RUTH CRUS SONO SNG DCTH DYN SRCP CONR RITA CAMT PST SYNT DCO
Wednesday, January 11, 2006
Markets Continue To Soar; Underlying Weakness Cautions Short-Term Pullback
The Nasdaq has now made it seven days in a row with a positive close. What a wonderful way to start 2006. It doesn't get much better than that.
All market indexes finished up today with volume increasing across the board. Breadth was mediocre today but still closed positive. That was probably caused by the weakness in small caps and the strength in big caps. However, the strength of this market can not be ignored. All seven days of this rally has come on volume well above average. If you look at the Nasdaq, especially, you can see the institutions are obviously putting a lot of money to work. Today's volume was especially heavy.
So, until the trend reverses you should stay very long and bullish. That does not mean that you should not be taking some profits now though in extended stocks. As I suggested yesterday, selling 10-30% of some of your big winners that have made some extended/climax like runs late in their rallies is a smart money management move. The recent lower new highs, mediocre breadth, extended stocks, and seven up days in a row just seems to signal a warning that a short-term pullback could start soon. Some stocks could be finished now or the majority of them could just form another base and breakout. No one knows but being prepared and using a good money management policy ensures that you will at least lock in some gains if your stocks are topping. If they are not? Great!! Hold the rest for more profits.
This market has been great. Let's not get undisciplined and lose our heads in all the euphoria. But also remember Mr. Momentum can last a long time and really hurt the bears and the bulls who sell too much too soon.
New Swing Longs: LEND SCHK AIX
New Swing Shorts: NONE
Longs Outperforming Market: ENER MORN IHS RAIL-27% ORA-27% MSCC-71% ERS-36% CKCM AAPL-75% NVDA-45% RES-129% TESOF PAY-34% DB NTG ADBE BBD-98% VSEC-25% OXPS-64% SILC-45% NWRE-77% BOOM-391% STD SRA ALY-48% ROK VTS FAST EAGL-29% MFLX-149% STMP BNT-50% CRDN-40% CBG-71% ASVI SXC NEM SUPX-69% TRAD-56% KNXA WBMD SPWR-32% FWLT-50% AATI DRH VIMC LMIA-79% CNXT-48% BKHM CPST GIGM-49% OPLK ELN-44% BMD-301% TXCO ANX-33% SFE Q LFL ONT RTK-60% JDSU DMX UBS OMNI AVN HOMS-28% LRCX NSTK NAK DEPO THQI EMKR-120% ARS KGC-31% NTO RDCM STEL BCON DDD-28% MEL SVR-62% MYE CERS-162% MCX-45% LTRX TFR-41% GAIA RESC
Shorts Outperforming Market: NONE
Stocks On Radar Screen: LVS ORCT SEED BLDR CNTF RNAI DWCH QSFT WEDX OPTC OTIV
Side Note: Thank you to the heads up by the reader who pointed out DWCH to me. This stock looks really good.
All market indexes finished up today with volume increasing across the board. Breadth was mediocre today but still closed positive. That was probably caused by the weakness in small caps and the strength in big caps. However, the strength of this market can not be ignored. All seven days of this rally has come on volume well above average. If you look at the Nasdaq, especially, you can see the institutions are obviously putting a lot of money to work. Today's volume was especially heavy.
So, until the trend reverses you should stay very long and bullish. That does not mean that you should not be taking some profits now though in extended stocks. As I suggested yesterday, selling 10-30% of some of your big winners that have made some extended/climax like runs late in their rallies is a smart money management move. The recent lower new highs, mediocre breadth, extended stocks, and seven up days in a row just seems to signal a warning that a short-term pullback could start soon. Some stocks could be finished now or the majority of them could just form another base and breakout. No one knows but being prepared and using a good money management policy ensures that you will at least lock in some gains if your stocks are topping. If they are not? Great!! Hold the rest for more profits.
This market has been great. Let's not get undisciplined and lose our heads in all the euphoria. But also remember Mr. Momentum can last a long time and really hurt the bears and the bulls who sell too much too soon.
New Swing Longs: LEND SCHK AIX
New Swing Shorts: NONE
Longs Outperforming Market: ENER MORN IHS RAIL-27% ORA-27% MSCC-71% ERS-36% CKCM AAPL-75% NVDA-45% RES-129% TESOF PAY-34% DB NTG ADBE BBD-98% VSEC-25% OXPS-64% SILC-45% NWRE-77% BOOM-391% STD SRA ALY-48% ROK VTS FAST EAGL-29% MFLX-149% STMP BNT-50% CRDN-40% CBG-71% ASVI SXC NEM SUPX-69% TRAD-56% KNXA WBMD SPWR-32% FWLT-50% AATI DRH VIMC LMIA-79% CNXT-48% BKHM CPST GIGM-49% OPLK ELN-44% BMD-301% TXCO ANX-33% SFE Q LFL ONT RTK-60% JDSU DMX UBS OMNI AVN HOMS-28% LRCX NSTK NAK DEPO THQI EMKR-120% ARS KGC-31% NTO RDCM STEL BCON DDD-28% MEL SVR-62% MYE CERS-162% MCX-45% LTRX TFR-41% GAIA RESC
Shorts Outperforming Market: NONE
Stocks On Radar Screen: LVS ORCT SEED BLDR CNTF RNAI DWCH QSFT WEDX OPTC OTIV
Side Note: Thank you to the heads up by the reader who pointed out DWCH to me. This stock looks really good.
Tuesday, January 10, 2006
Stocks Continue To Act Well; Some Indexes Take A Slight Breather
Another nice close for all the indexes. The stock markets gapped down, across the board, at the open then staged a very bullish reversal to close green or down less than .05%. The SP 600 and Nasdaq were up, and the SP500 and Dow were barely down. Volume was pretty much level with yesterday and breadth was positive. Overall, very positive action.
The markets are acting extremely healthy but I am looking for a pullback to help set up some better charts to launch a longer rally. The positive news is that since I am looking for a pullback that might indicate that Mr. Momentum is here like it was in 2003 and I might not get much of one. If that is the case I will ride my current stocks to some nice gains. However, with that in mind, you should be selling some of your stocks that have made some big moves in a short amount of time. By selling I dont mean dump the entire position. Instead, scale out of 10%-30% depending on the chart and quickness of the move. And this also does not mean positions you have recently bought. Anything that moves 20% in two weeks or less should be held at least 8 weeks. This goes for the stocks that have 50% plus gains over the past 2-12 months.
All trends are up, the bulls are in control, the bears look stupid (like they normally do), and longs are making a lot of money. Now only if I could perfect my poker play to match my stock market play. I dont see that happening anytime soon and for some reason I dont think you are going to see me this year on Fox Sports Net or ESPN. LOL.
New Swing Longs: NTG SEAB MORN DRH BCON OMNI MTLG DMX TXI
New Swing Shorts: NONE
Longs Outperforming Market: ITRN CKCM AAPL DSGX GOL MNG STX DXPE ENER AKAM SWN THOR WBSN MNST RES OPWV LGTY STMP PETS HITK ASVI EAGL VTS ORA BOOM MIDD RAIL KNXA CBG NWRE GES RY CRDN TEVA TESOF BBBB CIB RVSN IHS UEPS MDCC MSCC SLW LDSH FAST CLZR TRAD DB ROK NVDA IKAN FWLT SPWR WBMD VIMC TLEO ESLR JDSU SMDI BTUI EFJI CNXT RDCM ONT FIX ATHR TFSM DDD IINT HOMS GGR DROOY SKIL GIGM RADN AVN CVO VRTX ELN SRA CERS DEPO LCRD NXG NTO SPSX BCF AUY ARXX ANX GSIG PDLI EMKR WIRE NAK TNOX MCF
Shorts Outperforming Market: NONE
Stocks On Radar Screen: HRT FTK IRBT PVH FORG TGE DWCH CHRZ OVTI IRSN DNE
The markets are acting extremely healthy but I am looking for a pullback to help set up some better charts to launch a longer rally. The positive news is that since I am looking for a pullback that might indicate that Mr. Momentum is here like it was in 2003 and I might not get much of one. If that is the case I will ride my current stocks to some nice gains. However, with that in mind, you should be selling some of your stocks that have made some big moves in a short amount of time. By selling I dont mean dump the entire position. Instead, scale out of 10%-30% depending on the chart and quickness of the move. And this also does not mean positions you have recently bought. Anything that moves 20% in two weeks or less should be held at least 8 weeks. This goes for the stocks that have 50% plus gains over the past 2-12 months.
All trends are up, the bulls are in control, the bears look stupid (like they normally do), and longs are making a lot of money. Now only if I could perfect my poker play to match my stock market play. I dont see that happening anytime soon and for some reason I dont think you are going to see me this year on Fox Sports Net or ESPN. LOL.
New Swing Longs: NTG SEAB MORN DRH BCON OMNI MTLG DMX TXI
New Swing Shorts: NONE
Longs Outperforming Market: ITRN CKCM AAPL DSGX GOL MNG STX DXPE ENER AKAM SWN THOR WBSN MNST RES OPWV LGTY STMP PETS HITK ASVI EAGL VTS ORA BOOM MIDD RAIL KNXA CBG NWRE GES RY CRDN TEVA TESOF BBBB CIB RVSN IHS UEPS MDCC MSCC SLW LDSH FAST CLZR TRAD DB ROK NVDA IKAN FWLT SPWR WBMD VIMC TLEO ESLR JDSU SMDI BTUI EFJI CNXT RDCM ONT FIX ATHR TFSM DDD IINT HOMS GGR DROOY SKIL GIGM RADN AVN CVO VRTX ELN SRA CERS DEPO LCRD NXG NTO SPSX BCF AUY ARXX ANX GSIG PDLI EMKR WIRE NAK TNOX MCF
Shorts Outperforming Market: NONE
Stocks On Radar Screen: HRT FTK IRBT PVH FORG TGE DWCH CHRZ OVTI IRSN DNE
Monday, January 09, 2006
Rally Continues To Steamroll The Bears; A Pullback Has To Be Expected
The Nasdaq is up 5% in 5 days. Not too bad, old pal. Besides the Nasdaq, the other indexes rallied and continue to make new yearly highs. The constant follow throughs by the indexes and stocks after making new highs on strong volume is about as bullish as it gets. However, dont get too complacent. The markets have come a long way in a short amount of time and just like in December it would be nice to get a pullback or another long sideways congestion to help fuel another rally.
Whatever I get I will be happy. Knowing that I have been overall bullish the past two years, even when we were operating on the short-term short side, has helped my confidence that charts definitely work. No matter how bad the media or bears want the market to go down, the charts just did not agree. And once again the charts won. They just seem to always win in the long run.
New Swing Longs: OPWV DXPE NVAX VPHM EVST
New Swing Shorts: NONE
Longs Outpeforming Market: RVSN BNT-49% ALY-51% CLZR WDC STX CRDN-38% RES-115% OXPS-65% HITK-56% KNXA DIET-32% PAY-33% TRAD-56% NVDA-40% ROK CWTR CKFR STJ FSL PETS-99% ORA NWRE-73% LDSH-44% GES-61% THOR-74% MDCC-27% VTS NEM BBD-96% CHE BOOM-377% STMP TEVA CBG-68% WOOF SF MIDD-54% LGTY CIB-29% IHS ERS-29% MNST-25% SUPX-70% BEAV KEYS WBMD SPWR FWLT-37% RDCM CERS-156% ALKS-28% BCRX-144% WIRE-79% VRTX-148% DDD PRLS-206% EFJI TSCM-58% EMKR-115% LCRD-47% BGO ANX--25% NTO GBN GSIG NUHC CCI-63% TOMO NXG IT ASF-164% SVR-66% IIJI ECLG-48% NRPH-82% PDLI PWAV-61% BCF KLIC EDS CNXT SWW ANAD-100% SPSX THQI ECLP Q REGN MCF ELTK-84% RESC
Shorts Outperforming Market: NONE
Stocks On Radar Screen: ENG OVTI SEED TGE RNAI FLML
Whatever I get I will be happy. Knowing that I have been overall bullish the past two years, even when we were operating on the short-term short side, has helped my confidence that charts definitely work. No matter how bad the media or bears want the market to go down, the charts just did not agree. And once again the charts won. They just seem to always win in the long run.
New Swing Longs: OPWV DXPE NVAX VPHM EVST
New Swing Shorts: NONE
Longs Outpeforming Market: RVSN BNT-49% ALY-51% CLZR WDC STX CRDN-38% RES-115% OXPS-65% HITK-56% KNXA DIET-32% PAY-33% TRAD-56% NVDA-40% ROK CWTR CKFR STJ FSL PETS-99% ORA NWRE-73% LDSH-44% GES-61% THOR-74% MDCC-27% VTS NEM BBD-96% CHE BOOM-377% STMP TEVA CBG-68% WOOF SF MIDD-54% LGTY CIB-29% IHS ERS-29% MNST-25% SUPX-70% BEAV KEYS WBMD SPWR FWLT-37% RDCM CERS-156% ALKS-28% BCRX-144% WIRE-79% VRTX-148% DDD PRLS-206% EFJI TSCM-58% EMKR-115% LCRD-47% BGO ANX--25% NTO GBN GSIG NUHC CCI-63% TOMO NXG IT ASF-164% SVR-66% IIJI ECLG-48% NRPH-82% PDLI PWAV-61% BCF KLIC EDS CNXT SWW ANAD-100% SPSX THQI ECLP Q REGN MCF ELTK-84% RESC
Shorts Outperforming Market: NONE
Stocks On Radar Screen: ENG OVTI SEED TGE RNAI FLML
Saturday, January 07, 2006
How Are The Bears Doing?; The Bulls Are In Complete Control
There is a time to be long and a time to be short. Anyone who is short anything more than a trade is making a HUGE mistake. There will be a time to short again. But when the market is rallying like this and so many charts are breaking, you have to be a blind fool to fight this tape. If anyone has missed this move, thank the perma-bears (media, negative people who lean left) who have scared you out of the market. This is why you learn charts and get the facts, instead of listening to idiots on TV who have NO experience making money year-in-year-out in the stock market.
Viva The Bull, until we get some REAL distribution days in the market. That will be a series of down days on much heavier volume than the day before in a short period of time.
More commentary later! :-)
New Swing Longs: LGTY ARXX CKCM GSIG MNTA PDLI BCF ECLP
New Swing Shorts: NONE
Longs Outperforming Market: BOOM-371% NDAQ-275% BMD-272% VRTX-135% EMKR-107% RES-107% BBD-93% ELTK-79% NRPH-78% DEZ-70% NWRE-70% MNG-65% AAPL-64% MSCC-63% AUY-63% CVO-62% SVR-62% RTK-53% MIDD-53% TRAD-51% LDSH-41% AKAM-40% ALY-39% BSMD-39% NVDA-36% MRB-36% FWLT-35% SLW-34% NXG-34% CRDN-32% ELN-32% DSGX-30% KGC-30% VGZ-29% CNET-29% GIGM-29% PAY-29% LOGI-28% RNOW-37% DIET-25% NMR-25% MNST-25% STMP AU IHS CLZR FAST STX ASVI ADBE FSL JBL VTS DB NEM IDSY SAY CWTR STD KEYS RAIL KNXA LIFE ENER CTXS ATU UEPS WBMD NAK ACTG ANX TFSM BGO BEAS WBSN OPLK NTO ASTE STJ HOMS GBN Q DROOY HAWK ARDI TOMO ALKS THQI UBS DVA MU ROK NOVL EDS EFII KLIC EFJI BAM BKHM MDM MCF UIC
Shorts Outperforming Market: NONE
Viva The Bull, until we get some REAL distribution days in the market. That will be a series of down days on much heavier volume than the day before in a short period of time.
More commentary later! :-)
New Swing Longs: LGTY ARXX CKCM GSIG MNTA PDLI BCF ECLP
New Swing Shorts: NONE
Longs Outperforming Market: BOOM-371% NDAQ-275% BMD-272% VRTX-135% EMKR-107% RES-107% BBD-93% ELTK-79% NRPH-78% DEZ-70% NWRE-70% MNG-65% AAPL-64% MSCC-63% AUY-63% CVO-62% SVR-62% RTK-53% MIDD-53% TRAD-51% LDSH-41% AKAM-40% ALY-39% BSMD-39% NVDA-36% MRB-36% FWLT-35% SLW-34% NXG-34% CRDN-32% ELN-32% DSGX-30% KGC-30% VGZ-29% CNET-29% GIGM-29% PAY-29% LOGI-28% RNOW-37% DIET-25% NMR-25% MNST-25% STMP AU IHS CLZR FAST STX ASVI ADBE FSL JBL VTS DB NEM IDSY SAY CWTR STD KEYS RAIL KNXA LIFE ENER CTXS ATU UEPS WBMD NAK ACTG ANX TFSM BGO BEAS WBSN OPLK NTO ASTE STJ HOMS GBN Q DROOY HAWK ARDI TOMO ALKS THQI UBS DVA MU ROK NOVL EDS EFII KLIC EFJI BAM BKHM MDM MCF UIC
Shorts Outperforming Market: NONE
Thursday, January 05, 2006
All Indexes (except NYSE) Close Higher, For 3rd Straight Day
I was out during the night so I don't have a lot to comment on.
I want to point out that the AAII showed 29% bulls to 40% bears. That is great! I received this number from Cody Willard. Also I saw the Newsletter bullish/bearish ratio and that showed writers getting more bearish and less bullish. So both indicators are pointing in the right direction. When a rally is happening yet people get bearish, that is very bullish. We shall see what tomorrow brings. But all we need to know is the bulls are in control and until some big selloffs happen I am staying very long.
New Swing Longs: BEAS IKAN CF UEPS LSI SWW LTRX CHKR
New Swing Shorts: NONE
Longs Outperforming Market: PRLS-200% MFLX-150% EMKR-103% ANAD-96% LCC-93% BTUI-77% ELTK-75% NRPH-74% SUPX-70% CBG-66% NWRE-65% MSCC-59% OXPS-59% GES-58% SVR-56% CCI-56% SILC-50% REGN-49% RTK-48% LCRD-44% TRAD-42% DEZ-39% AKAM-35% NVDA-34% FWLT-33% CIB-29% ERS-29% IED-28% DSGX-25% HSP-25% PAY-25% DIET ENER CWTR CLZR NNDS MNST ANST CHE KNXA IHS ALY VTS SAY WOOF IDSY FFIV KEYS ASVI ASEI HSKA HOMS LWSN ASTSF DVA OPLK THQI PPCO KLIC JDSU ALKS DEPO AVN ROK CNXT EFII SF
Shorts Outperforming Market: NONE
Stocks On Radar Screen: SCHK TMB OVTI IRBT EBIX SWIR RNAI ICA
I want to point out that the AAII showed 29% bulls to 40% bears. That is great! I received this number from Cody Willard. Also I saw the Newsletter bullish/bearish ratio and that showed writers getting more bearish and less bullish. So both indicators are pointing in the right direction. When a rally is happening yet people get bearish, that is very bullish. We shall see what tomorrow brings. But all we need to know is the bulls are in control and until some big selloffs happen I am staying very long.
New Swing Longs: BEAS IKAN CF UEPS LSI SWW LTRX CHKR
New Swing Shorts: NONE
Longs Outperforming Market: PRLS-200% MFLX-150% EMKR-103% ANAD-96% LCC-93% BTUI-77% ELTK-75% NRPH-74% SUPX-70% CBG-66% NWRE-65% MSCC-59% OXPS-59% GES-58% SVR-56% CCI-56% SILC-50% REGN-49% RTK-48% LCRD-44% TRAD-42% DEZ-39% AKAM-35% NVDA-34% FWLT-33% CIB-29% ERS-29% IED-28% DSGX-25% HSP-25% PAY-25% DIET ENER CWTR CLZR NNDS MNST ANST CHE KNXA IHS ALY VTS SAY WOOF IDSY FFIV KEYS ASVI ASEI HSKA HOMS LWSN ASTSF DVA OPLK THQI PPCO KLIC JDSU ALKS DEPO AVN ROK CNXT EFII SF
Shorts Outperforming Market: NONE
Stocks On Radar Screen: SCHK TMB OVTI IRBT EBIX SWIR RNAI ICA
Wednesday, January 04, 2006
Another Broad-Based Rally On Good Volume; Bears Feel The Pain
The markets continued their hot start to the new year. The markets were up across the board, with the IBD100 and DOW Transports up 1.1%, Nasdaq .9%, SP400 .7%, SP600 .6%, SP500 .4%, and the DOW .3%. Volume was lower today than yesterday but it was still well above average and higher than the volume seen during the December downtrend.
There were a ton of breakouts today and there are a lot of really good looking charts out there to help keep this momentum going. Once the bulls take control, it is hard to stop the momentum to the upside. That along with the constant calling for the markets to start rolling over by the bears has me confident that this could last a little longer than people think it is going to. The bulls are in complete control and the bears just look silly at this point. I really find it sad how someones political bent can cause them to be bearish when all evidence around them shows their position to be foolish and full of folly. Good luck trying to find the top perma-bears! You have failed the past two years. But maybe the third year is the charm.
Remember, folks, the bears will get it right one day. But think of how much money the bears missed out on, on the way to the top? I know lots of guys calling for a crash the past two years and they STILL are. These jerks forget that during that time there have been at least 50o stocks that have made 100% moves at some point during that time.
Bottom line: When the markets are going up that is bullish. DONT FIGHT THE TREND!! That is a losers game. How come the greatest stock traders of all-time all used the same method? Buying strength? Why? Because it works.
New Swing Longs: SF STX SMDI BGO SFE MDM
New Swing Shorts: NONE
Longs Outperforming Market: BOOM-369% MFLX-146% CERS-123% RBAK-114% RES-109% EMKR-95% PETS-95% BBD-92% LCC-91% GGR-78% MNG-75% ELTK-73% THOR-73% SUPX-69% AUY-64% CBG-63% NWRE-63% OXPS-58% MSCC-56% MIDD-51% GES-51% GOL-49% GRS-49% LMIA-48% ONT-46% LDSH-42% BNT-42% ECLG-41% TSCM-38% LCRD-38% TRAD-36% SLW-36% NXG-35% AKAM-33% RADN-33% NVDA-31% ELN-30% NMR-29% FWLT-29% EAGL-28% KGC-28% DEZ-28% LOGI-26% ASVI TESOF FFIV DIET CTXS WOOF VTS IDSY JBL NNDS NEM STD VSEC PAY SWN KNXA SAY RVSN ATU CHE KEYS ENER AU TLEO VIMC ANX GIGM DEPO CNXT AVN ALKS ASEI DROOY STEL IIJI NTO IT NAK MU AIS EFII LFL TOMO THQI SPSX ATHR MRB HSP ING UBS OMCL EFJI TFSM ROK SKIL MEL PRKR APLX (I am long 141 stocks)
Shorts Outperforming Market: NONE (I am short 0 stocks)
There were a ton of breakouts today and there are a lot of really good looking charts out there to help keep this momentum going. Once the bulls take control, it is hard to stop the momentum to the upside. That along with the constant calling for the markets to start rolling over by the bears has me confident that this could last a little longer than people think it is going to. The bulls are in complete control and the bears just look silly at this point. I really find it sad how someones political bent can cause them to be bearish when all evidence around them shows their position to be foolish and full of folly. Good luck trying to find the top perma-bears! You have failed the past two years. But maybe the third year is the charm.
Remember, folks, the bears will get it right one day. But think of how much money the bears missed out on, on the way to the top? I know lots of guys calling for a crash the past two years and they STILL are. These jerks forget that during that time there have been at least 50o stocks that have made 100% moves at some point during that time.
Bottom line: When the markets are going up that is bullish. DONT FIGHT THE TREND!! That is a losers game. How come the greatest stock traders of all-time all used the same method? Buying strength? Why? Because it works.
New Swing Longs: SF STX SMDI BGO SFE MDM
New Swing Shorts: NONE
Longs Outperforming Market: BOOM-369% MFLX-146% CERS-123% RBAK-114% RES-109% EMKR-95% PETS-95% BBD-92% LCC-91% GGR-78% MNG-75% ELTK-73% THOR-73% SUPX-69% AUY-64% CBG-63% NWRE-63% OXPS-58% MSCC-56% MIDD-51% GES-51% GOL-49% GRS-49% LMIA-48% ONT-46% LDSH-42% BNT-42% ECLG-41% TSCM-38% LCRD-38% TRAD-36% SLW-36% NXG-35% AKAM-33% RADN-33% NVDA-31% ELN-30% NMR-29% FWLT-29% EAGL-28% KGC-28% DEZ-28% LOGI-26% ASVI TESOF FFIV DIET CTXS WOOF VTS IDSY JBL NNDS NEM STD VSEC PAY SWN KNXA SAY RVSN ATU CHE KEYS ENER AU TLEO VIMC ANX GIGM DEPO CNXT AVN ALKS ASEI DROOY STEL IIJI NTO IT NAK MU AIS EFII LFL TOMO THQI SPSX ATHR MRB HSP ING UBS OMCL EFJI TFSM ROK SKIL MEL PRKR APLX (I am long 141 stocks)
Shorts Outperforming Market: NONE (I am short 0 stocks)
Tuesday, January 03, 2006
A Broad Rally Stings The Die-Hard Bears
The Santa Claus rally that everyone wanted and did not get helped set a base up for today's strong rally. I just want everyone to remember I pointed out that selling off during this time of the year was very bullish as long as we rallied on big volume after the holidays. The down days in December helped bring out the bears and as each day went on the bears got louder and louder. However, at the same time, as they got louder volume got quieter and quieter. That, inevitably, set us up for today's strong rally. Now to the facts.
The markets rallied across the board today, with the IBD100 up 3.3%, NYSE 2%, Nasdaq 1.7%, SP500 1.6%, and SP600/400 1.5%. The NYSE also closed at an all-time high; that is, of course, very bullish. Along with the NYSE at all-time highs, the Nasdaq bounced brilliantly off the 50 day moving average. Volume was much higher than anything seen during the vacation period and was well above average with around 2 billion shares coming across both exchanges. So on a technical price and volume basis, the market had a fantastic day! What a way to start the new year, after that December lull.
Investors can thank the Fed for the market rally. The rally started after the most recent minutes were released and showed that the Fed may be done with rate hikes soon.
My santa claus selloff followed by a nice January move higher is so far working itself out better than I ever could have expected. This was the opposite action of what most people wanted. Why, I will never be sure. Rallying during the holiday season on low volume gives way to high volume selloffs like last year. The opposite is better and that is what we got.
There are some very nice long bases out there in individual stocks to help propel a good rally. However, the bears are still declaring this just an oversold move that will be sold soon. Excellent!
New Swing Longs: VTS STD BGO TCC LFL SPSX THQI FAC RESC
New Swing Shorts: NONE
Longs Outperforming Market: BOOM-343% GMXR-158% MFLX-142% RBAK-110% PETS-88% EMKR-88% BBD-86% NRPH-72% SYKE-71% THOR-70% SUPX-68% GGR-67% ELTK-65% AAPL-61% CBG-61% NWRE-60% CVO-57% AUY-56% MSCC-55% MIDD-48% OXPS-48% GRS-43% ECLG-39% AAI-39% BNT-38% SLW-33% NXG-33% VGZ-31% TRAD-30% AKAM-30% DEZ-29% ONT-29% CRDN-28% CIB-28% KGC-27% RADN-27% VSEC ALY FFIV TESOF NEM PNRG AU LOGI KEYS BBBB NNDS NMR SAY ENER RVSN CTXS DSGX PAY SXC ANST WOOF JBL BEAV TLEO VIMC DHT AATI DROOY MRB ALKS TFSM AVN GBN ADBE EFII BKHM TOMO UBS ING MEL DB BAM APLX
Shorts Outperforming Market: VRNT CECO
Stocks On Radar Screen: OVTI YHOO ONXS KFX STX ENG XNR CAMT
The markets rallied across the board today, with the IBD100 up 3.3%, NYSE 2%, Nasdaq 1.7%, SP500 1.6%, and SP600/400 1.5%. The NYSE also closed at an all-time high; that is, of course, very bullish. Along with the NYSE at all-time highs, the Nasdaq bounced brilliantly off the 50 day moving average. Volume was much higher than anything seen during the vacation period and was well above average with around 2 billion shares coming across both exchanges. So on a technical price and volume basis, the market had a fantastic day! What a way to start the new year, after that December lull.
Investors can thank the Fed for the market rally. The rally started after the most recent minutes were released and showed that the Fed may be done with rate hikes soon.
My santa claus selloff followed by a nice January move higher is so far working itself out better than I ever could have expected. This was the opposite action of what most people wanted. Why, I will never be sure. Rallying during the holiday season on low volume gives way to high volume selloffs like last year. The opposite is better and that is what we got.
There are some very nice long bases out there in individual stocks to help propel a good rally. However, the bears are still declaring this just an oversold move that will be sold soon. Excellent!
New Swing Longs: VTS STD BGO TCC LFL SPSX THQI FAC RESC
New Swing Shorts: NONE
Longs Outperforming Market: BOOM-343% GMXR-158% MFLX-142% RBAK-110% PETS-88% EMKR-88% BBD-86% NRPH-72% SYKE-71% THOR-70% SUPX-68% GGR-67% ELTK-65% AAPL-61% CBG-61% NWRE-60% CVO-57% AUY-56% MSCC-55% MIDD-48% OXPS-48% GRS-43% ECLG-39% AAI-39% BNT-38% SLW-33% NXG-33% VGZ-31% TRAD-30% AKAM-30% DEZ-29% ONT-29% CRDN-28% CIB-28% KGC-27% RADN-27% VSEC ALY FFIV TESOF NEM PNRG AU LOGI KEYS BBBB NNDS NMR SAY ENER RVSN CTXS DSGX PAY SXC ANST WOOF JBL BEAV TLEO VIMC DHT AATI DROOY MRB ALKS TFSM AVN GBN ADBE EFII BKHM TOMO UBS ING MEL DB BAM APLX
Shorts Outperforming Market: VRNT CECO
Stocks On Radar Screen: OVTI YHOO ONXS KFX STX ENG XNR CAMT
Sunday, January 01, 2006
Hau'oli Makahiki Hou!
New Swing Longs: MYE OPLK VIMC AIS
Longs Outperforming Market: MFLX-140% RES-105% EMKR-85% MNG-76% HITK-48% RTK-38% SLW-29% FWLT-28% MDCC-26% IHOP NAK IDSY VSEC SEED ENER TLWT SKIL DDD ARXX NTO DSGX
New Swing Shorts: RSYS
Shorts Outperforming Market: BMHC
Stocks On Radar Screen: KFX STX WDC OMNI TBIO
Longs Outperforming Market: MFLX-140% RES-105% EMKR-85% MNG-76% HITK-48% RTK-38% SLW-29% FWLT-28% MDCC-26% IHOP NAK IDSY VSEC SEED ENER TLWT SKIL DDD ARXX NTO DSGX
New Swing Shorts: RSYS
Shorts Outperforming Market: BMHC
Stocks On Radar Screen: KFX STX WDC OMNI TBIO
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