I am having a lot of trouble with Blogger tonight and don't know if it is on my end or their end. I am going to that great restaurant tonight called Sansei so I can get the Panko Crusted Ahi.
I will be back to post later on. Bottom line is I am not too worried about the pullback in the Nasdaq. That index is still churing and rotating into new leaders. Rember, we already knew the Semiconductors might be topping. I just didn't know if they were going to bounce. I still don't. But other Technology stocks are taking the lead and there are other pockets of leadership.
It isn't the greatest tape but it isn't the worst either. We have all-time highs and new highs being made in the other indexes.
We don't always need to focus on the Nasdaq. But if you look at all the four letter words in my blog the past week you will see plenty of pretty charts.
I'll update some more before opening bell, hopefully. It's up to blogger.
New Swing Longs: VSL DEG LMLP -- Go to Investors Paradise for more information on these longs.
New Swing Shorts: NONE
Longs Outperforming Market: VIMC-92% NNDS-34% SCVL COGO-28% LTM RATE-135% BOOM-385% VTS UHAL-105% SAY-31% PETS-159% PNRG-26% MFLX-214% RAIL-67% ASVI CHE ARS-52% NTAP XRTX-32% CTXS-34% SLW-106% BBD-145% CIB-41% IHS-27% ASF-206% TNOX-34% NGPS UIC-34% QCC PEC ALTU SSW GNBT-85% ISV-25% PEIX PWR MDII STAA NVAX-61% LPTH TWTC-123% EAGL-56% MXWL NENG-36% Q-54% CONR TOMO IMMR TSCM-67% IINT-30% LSI CVO-79% ECIL BGC-54% GNA BEAS HOM RNT A NNI OPLK RBAK-169% STD SMF CHRK SF
Shorts Outperforming Market: NONE
Stocks On Radar Screen: AIS TXCC IBIS ILA
Disappointing Ending: KLIC VLTR -- Neither one did much damage. It was just sad.
RETREAT! RETREAT!: VSAT
4 comments:
That is a heck of a drive for you to get your Ahi!
I think its important to point out that new highs are outpacing new lows at an enormous rate...at least 3 to 1 the past few trading days...
Hey, Josh, finally got a chance to do some digging for some new charts to add to my watchlist and was wondering what you thought of these three: MICC, LYV, and HEIA.
Are these considered high, tight flags? Thanks.
You are correct, market, about the new highs. I just think everyone is too focused on the Semiconductor stocks. Yes, it is important that they rally and they are in everything in this economy but the damage is not horrific in all stocks. Just look at DIOD.
There is a broad based rally out there, folks. It just isn't in the Semi's. The index isnt even over its 50 dma. So I think it is best to move on and look at some other indexes that are trading over the 50 dma and have a lot of stocks in their group making NEW HIGHS.
Too far a drive for Ahi? I will totaly disagree. For now I live in Lahaina. Kapalua is only 20 minute drive away. When I am at my gf's house in Wailuku we have to drive 30 min to Kihei. But it is well worth it! If you have ever had Sansei's Panko Crusted Ahi you will understand. I ate 4 of those last night, 2 shrimp crab cakes, and one dynamite shrimp. It was a good night! :)
.........................................
MICC: December 21st. I looked at that chart for a long time and passed on it. What a douche bag I am. LOL. It looks good now but my "perfect" buy has gone by. Still a stock worth a buy, if you have a cut loss strategy.
LYV: Where did this come from? Very nice chart. I had no clue this stock existed! Can anyone help me findout where I can findout what stocks are NEWLY LISTING on the Nasdaq and NYSE. I know where to find the AMEX new listings; just not the two most important exchanges. This is either a buy now, with a cut loss below the support of the base or a new buy on a breakout. The breakout buy is my prefered method since there is not a lot of volume on this yet.
HEIA: I am already long this stock. Great chart. Very very pretty.
MICC: flat base
LYV: cup pattern
HEIA: high tight flag
Nice charts!!!!!
Post a Comment