First Quarter GDP growth: 4.8%. Oh my goodness, what a horrible economy (sarcasm).
The story of the day, and rightly so, was MSFT. MSFT managed to miss both earnings and sales growth and was taken out for a lashing. That lashing, obviously, spilled over to tech stocks and allowed the Nasdaq to fall 1%. What is funny to me is how and why anyone really cares about MSFT anymore. The most exciting and important companies are almost always less than eight years old. MSFT is a dinosaur and for investors that need to make a living MSFT shouldn't even be an issue.
But to the rest of the world it was a big issue. Since, however, we also had a strong GDP number, we saw the SP 500 end with a small .1% gain and the SP 600 finished with a .5% gain. I am not sure if this was the real reason, but since the TV told me it was the reason it has to be the reason.
Volume was higher on the Nasdaq, as is to be expected when MSFT falls 11%. The NYSE however saw a decline in volume from the previous day. This indicates, to me, that the selling was concentrated into that one stock and if it hadn't been for MSFT it would have been a boring but slightly positive day. Why do I think that? Breadth. It was positive on both the NYSE and Nasdaq by 10-7 and 8-7 ratio respectively.
That is where we stand at the end of the week. To get a deeper perspective of where we are at I recommend reading the last five post and all the comments. Along with that, go to Investors Paradise and read all the questions and responses to them the past week. That will get you catch you up on where the market stands.
Have a great weekend!
New Swing Longs: DIL USB TBBK HBC CTCI LEAP -- For more info on longs go to Investors Paradise.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since original purchase): SLW-141 BTUI-151 WIRE-185 BOOM-440 MFLX-191 ASF-234 CBG-136 RATE-177 MNG-164 TGC-216 MRB-101 AUY-141 NXG-176 TGB-119 VGZ-126 TSCM-116 GIGM-182 NVDA-95 TTES-40 IFO BGC-73 KDN-26 SCVL RAIL-65 JOBS TXCO-62 KNXA-70 RSAS FTK ASPV NCTY KEX-46 WNR STX-26 FWLT-55 ICTG-69 BWLD VTS-25 HOM-61 AAPL DECK BAS CORS FRGB SNDK CLZR-71 UIC-63 SMSI-56 EFII EAGL-66 PKE NTES NNDS-29 ARS-51 IHS-43 IVAC-30 ILSE VLG NMR-43 WF CTXS-52 GCA POR KBX BWP MMK-34 RUTH TGE-50 BGO-73 OPLK-32 CCI-89 NTO-72 NKTR KGC-58 SA HNZ CLG-95 SPNS-91 UVN GBN-50 GMT WST RSTI-39 TYL WEBM ABI PEIX-79 STD ANO ECOL-40 BDK OMCL DRH PWR UBS-29
Shorts Outperforming Markets: NONE
Stocks On Radar Screen: NONE
Selling/Cutting Losses: NENG BWEB NANX -- Notice none of these were IBD stocks. Notice how almost all of these I list that don't perform are non-IBD stocks.
Friday, April 28, 2006
Thursday, April 27, 2006
Stock Market Indexes Rose Across The Board On Higher Volume; Weakness In Momentum. Leading, And Metals Stocks Show Market May Be Ready To Rest.
Boy oh boy was there a lot going on today. First off the markets gapped down hard at the open due to China raising its interest rates. That hike scared investors who thought that this was the beginning of China trying to slow down its growth. Then Bernanke began talking to Congress, giving his testimony and telling them that the Fed may decide to take no action in one or two meetings. This gave stocks some cushion and stocks rallied the rest of the day into the final hour where they stalled a bit.
The Nasdaq gained .5%, the SP 500 gained .3%, and the Dow rose .25%. The only index in the red was the SP 600 with a .6% loss. However, the intraday support was very nice and the index finished well off of its lows.
Volume was much higher across the board, indicating that institutions stepped up and bought stocks off the lows today. The big daily candlestick chart tails helps make this more clear to the visual active investor. Breadth was about even on all boards with advancers beating decliners on an 8 to 7 ratio.
In saying all of this, there was some negative action today in leading, momentum, and metal stocks. The IBD 100 fell 1.1%, finishing down for the fourth day in a row. Obviously, it is not positive action to see the leading stocks lagging the market. That along with momentum stocks and metal stocks (old leaders) faulting either signals a rotation into better stocks or a correction trying to start.
I am definitely not in the correction camp. Did anyone see the most recent AAII bullish/bearish newsletter writer survey? Bulls fell again; this time down from 52% to 45%. Did anyone see the Wall Street Journal poll on how Americans think about the economy? 77% are nervous about the current economy!!
HELLO!!!!!!!!!!!! This is the strongest economy EVER in the history of the USA. Markets are hitting all time highs and people are nervous about the economy? More people own homes on a % of population than anytime in history and people are nervous? We have more net worth today than at any other time in the history of the USA and people are nervous?
You know what it is? I see greedy home owners that make there money buying and selling houses that they never live in on Maui. These are the people that are answering these polling questions. These people just flip houses. It, seriously, does not take a genius to do that. These people sip wine, watch soap operas, read the Hollyweird magazines, and talk about anything materialistic and meaningless. Besides that, you have the crowd that watches Sportscenter and party all night long. The only news these fools my age get is what the biased CNN tells them. They don't do their own research, they don't read books, they don't dig for facts, they just bitch about everything the TV tells them to bitch about.
It gets old. Thank God for these people. They pay for my lifestyle on Maui. So do me a favor. Watch CNN and read the Hollyweird magazines for me and then complain about high gas prices and how GWB is sending us into the depths of Hell.
I will sit back and ride the easy profit train all the way to my bank. Instead of complaining and throwing personal pitty parties, you should try investing in the greatest economy in the greatest nation on God's green earth.
New Swing Longs: WEBM STNR ABI TMG -- For more info on longs go to Investors Paradise.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since initial purchase): CBG-133 SIRF-119 ASF-229 BTUI-139 ASGN-106 GIGM-176 LCC-116 AKAM-114 JOBS HOM-58 ASPV TTES-29 STX CORS CIB-46 LRCX-44 CLZR-70 VPRT RSAS AAPL RMBS NVDA-94 SNDK FRGB CAMP VLG HEIA-35 NMR-43 TMI-26 CYMI NTAP MTU STRL-48 TGE-37 BWP POR QCC RUTH AMKR-62 CRUS NEWP QUICK STTS WST SFE CCUR-27 MU-31 CNXT-73 SPNC-87 NANX DRH MNST-67 ECOL-39 GMT SYKE MEL HCSG OMCL DB-27 STD UBS-28 BDK HNZ EVST-55 UVN A SPSX-33 LONG
Shorts Outperforming Market: NONE
Stocks On Radar Screen: SNWL REFR FRNS TDSC
Taking Some More Or All Profits: NXG RAIL GNA ILSE ZEUS ICTG
Cut Loss Disasters!!: IKNX -15%, CTLM -24%
The Nasdaq gained .5%, the SP 500 gained .3%, and the Dow rose .25%. The only index in the red was the SP 600 with a .6% loss. However, the intraday support was very nice and the index finished well off of its lows.
Volume was much higher across the board, indicating that institutions stepped up and bought stocks off the lows today. The big daily candlestick chart tails helps make this more clear to the visual active investor. Breadth was about even on all boards with advancers beating decliners on an 8 to 7 ratio.
In saying all of this, there was some negative action today in leading, momentum, and metal stocks. The IBD 100 fell 1.1%, finishing down for the fourth day in a row. Obviously, it is not positive action to see the leading stocks lagging the market. That along with momentum stocks and metal stocks (old leaders) faulting either signals a rotation into better stocks or a correction trying to start.
I am definitely not in the correction camp. Did anyone see the most recent AAII bullish/bearish newsletter writer survey? Bulls fell again; this time down from 52% to 45%. Did anyone see the Wall Street Journal poll on how Americans think about the economy? 77% are nervous about the current economy!!
HELLO!!!!!!!!!!!! This is the strongest economy EVER in the history of the USA. Markets are hitting all time highs and people are nervous about the economy? More people own homes on a % of population than anytime in history and people are nervous? We have more net worth today than at any other time in the history of the USA and people are nervous?
You know what it is? I see greedy home owners that make there money buying and selling houses that they never live in on Maui. These are the people that are answering these polling questions. These people just flip houses. It, seriously, does not take a genius to do that. These people sip wine, watch soap operas, read the Hollyweird magazines, and talk about anything materialistic and meaningless. Besides that, you have the crowd that watches Sportscenter and party all night long. The only news these fools my age get is what the biased CNN tells them. They don't do their own research, they don't read books, they don't dig for facts, they just bitch about everything the TV tells them to bitch about.
It gets old. Thank God for these people. They pay for my lifestyle on Maui. So do me a favor. Watch CNN and read the Hollyweird magazines for me and then complain about high gas prices and how GWB is sending us into the depths of Hell.
I will sit back and ride the easy profit train all the way to my bank. Instead of complaining and throwing personal pitty parties, you should try investing in the greatest economy in the greatest nation on God's green earth.
New Swing Longs: WEBM STNR ABI TMG -- For more info on longs go to Investors Paradise.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since initial purchase): CBG-133 SIRF-119 ASF-229 BTUI-139 ASGN-106 GIGM-176 LCC-116 AKAM-114 JOBS HOM-58 ASPV TTES-29 STX CORS CIB-46 LRCX-44 CLZR-70 VPRT RSAS AAPL RMBS NVDA-94 SNDK FRGB CAMP VLG HEIA-35 NMR-43 TMI-26 CYMI NTAP MTU STRL-48 TGE-37 BWP POR QCC RUTH AMKR-62 CRUS NEWP QUICK STTS WST SFE CCUR-27 MU-31 CNXT-73 SPNC-87 NANX DRH MNST-67 ECOL-39 GMT SYKE MEL HCSG OMCL DB-27 STD UBS-28 BDK HNZ EVST-55 UVN A SPSX-33 LONG
Shorts Outperforming Market: NONE
Stocks On Radar Screen: SNWL REFR FRNS TDSC
Taking Some More Or All Profits: NXG RAIL GNA ILSE ZEUS ICTG
Cut Loss Disasters!!: IKNX -15%, CTLM -24%
Wednesday, April 26, 2006
Stocks Rally On Mixed Volume; Dow Jones Industrial Average Leads The Way.
I had too much fun today and do not have time to post commentary. I will return tomorrow.
Aloha!
New Swing Longs: PCTI SNTO KBX POR -- for more info on longs go to Investors Paradise.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since initial purchase): BOOM-507 ERS-453 WIRE-188 CBG-130 SLW-134 BBD-132 ASF-228 VGZ-128 TWTC-151 BWNG-132 TSCM-110 NXG-179 RBAK-245 VIMC-93 ICTG-95 COGO-60 STRL-47 BGC-72 TTES IFO ILSE IVAC-34 VPRT SNDK AAPL ASPV CORS LTM KEX-43 MDCC-47 WF AXE-40 TMI-26 TRAD-58 UIC-68 ZEUS-78 BAS KDN-25 SHFL IHS-45 NMR-42 LRCX-41 RUSHA CTXS-54 PKE VLG NTAP TXCO-64 HEIA-34 WNR TOMO-32 GCA SCVL SPNC-81 MNST-62 SBAC-56 TVIA SPIL BE AKN AMKR-44 SWW-40 STTS IIP-84 OPLK SMSI-66 MU-26 PMTR SPSX-32 CUP XRTX-55 CTLM PAY-48 CCI-82 GNA-33 SWIR-48 OMCL CTZN SIM-34
Shorts Outperforming Market: NONE
Stocks On Radar Screen: CPST
Retreat: CHE
Taking More Profits: SIRF
Aloha!
New Swing Longs: PCTI SNTO KBX POR -- for more info on longs go to Investors Paradise.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since initial purchase): BOOM-507 ERS-453 WIRE-188 CBG-130 SLW-134 BBD-132 ASF-228 VGZ-128 TWTC-151 BWNG-132 TSCM-110 NXG-179 RBAK-245 VIMC-93 ICTG-95 COGO-60 STRL-47 BGC-72 TTES IFO ILSE IVAC-34 VPRT SNDK AAPL ASPV CORS LTM KEX-43 MDCC-47 WF AXE-40 TMI-26 TRAD-58 UIC-68 ZEUS-78 BAS KDN-25 SHFL IHS-45 NMR-42 LRCX-41 RUSHA CTXS-54 PKE VLG NTAP TXCO-64 HEIA-34 WNR TOMO-32 GCA SCVL SPNC-81 MNST-62 SBAC-56 TVIA SPIL BE AKN AMKR-44 SWW-40 STTS IIP-84 OPLK SMSI-66 MU-26 PMTR SPSX-32 CUP XRTX-55 CTLM PAY-48 CCI-82 GNA-33 SWIR-48 OMCL CTZN SIM-34
Shorts Outperforming Market: NONE
Stocks On Radar Screen: CPST
Retreat: CHE
Taking More Profits: SIRF
Tuesday, April 25, 2006
Major Market Indexes Fall On Higher Volume; Nasdaq Looks To Be Finding Support At 50 Day Moving Average.
The usual blame on why stocks go down was thrown around today, as the major market indexes all ended in the red. However, the selling was not that bad and the Nasdaq with the intraday support it has been receiving looks like it is finding support quite nicely.
The SP 500 fell .5%, SP 600 fell .4%, and the Nasdaq fell .1%. These losses were not bad at all, considering where we have come from since last weeks rally.
Volume was higher on the NYSE and the Nasdaq. The higher volume on the NYSE was not that much higher than its 50 dma and was lower than last weeks strong volume on the rally. The Nasdaq volume was much higher but that along with the intraday support shows me buyers were coming in to support stocks as the index nears its 50 dma. That along with the flat advancers to decliners shows that the market did a little better than the final figures told.
News headlines continue to control the market, according to the media. However, I simply see a steady uptrend since October. I don't see much else than that. So I am not sure why the media needs to always focus on the negative but I guess that is the easy thing to do. It is a lot easier to just complain about stuff instead of actually coming up with ideas on solving problems. For example, the Democrat party.
Even when things are good like this extremely strong economy, they would simply rather lie to you and tell you that the sky is falling. Shameful, selfish tactics that serve no ones interest except their own.
That is not how I roll. I simply deal with the facts and then follow through with the truth. That is why I do so well in the stock market. I deal with facts and truth. Not conspiracy theories and wishy washy Armageddon visions of the upcoming apocalypse.
That has been my method since I was 16 years old. Eleven years later it still is! You should try it, if you haven't. It is very empowering, dealing with facts and not utopian principals based on your ideology.
I have now owned over 50 stocks in the past six months that have given me 100% or more returns. How are the bears like Barry Ritholtz doing?
New Swing Longs: IFO PMTR MEND TCHC -- for more info on longs go to Investors Paradise.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since initial purchase): ATHR-126 WIRE-172 PETS-120 SLW-131 RATE-177 ASF-226 BOOM-483 BTUI-160 MFLX-206 TSCM-101 TGC-226 NXG-169 RBAK-235 SMDI-107 VGZ-113 LCC-108 SIRF-144 ICTG-92 SHFL BWLD CAMP DECK AXE-37 ASPV IVAC-29 KNXA-70 EFII TTES STRL-38 SNDK NMR-41 STX RSAS ARS-62 PNRG-72 WF MTU VPRT CHE LRCX-40 CORS CYBS NCTY RAIL-71 EAGL-67 HOM-50 SPWR-45 RUTH MMK-40 GCA SA IIP-78 RADN-43 CUP IONA ALTI MSPD-32 BE SWW-35 CCI-80 SWIR-47 SMSI-62 CRUS MERX-45 WGRD OMCL RNT GNA-32 IGT HNZ SPSX-30 AIXD CNXT-65 RSTI-38 KGC-53 OPLK MNST-51 NVD SBAC-46 STKL-45 PEIX-85 KNOL-93 DB RCNI CHRK-29
Shorts Outperforming Market: NONE
Stocks On Radar Screen: HLF SFUN MANU MWRK
Time To Leave: MEK STMP
The SP 500 fell .5%, SP 600 fell .4%, and the Nasdaq fell .1%. These losses were not bad at all, considering where we have come from since last weeks rally.
Volume was higher on the NYSE and the Nasdaq. The higher volume on the NYSE was not that much higher than its 50 dma and was lower than last weeks strong volume on the rally. The Nasdaq volume was much higher but that along with the intraday support shows me buyers were coming in to support stocks as the index nears its 50 dma. That along with the flat advancers to decliners shows that the market did a little better than the final figures told.
News headlines continue to control the market, according to the media. However, I simply see a steady uptrend since October. I don't see much else than that. So I am not sure why the media needs to always focus on the negative but I guess that is the easy thing to do. It is a lot easier to just complain about stuff instead of actually coming up with ideas on solving problems. For example, the Democrat party.
Even when things are good like this extremely strong economy, they would simply rather lie to you and tell you that the sky is falling. Shameful, selfish tactics that serve no ones interest except their own.
That is not how I roll. I simply deal with the facts and then follow through with the truth. That is why I do so well in the stock market. I deal with facts and truth. Not conspiracy theories and wishy washy Armageddon visions of the upcoming apocalypse.
That has been my method since I was 16 years old. Eleven years later it still is! You should try it, if you haven't. It is very empowering, dealing with facts and not utopian principals based on your ideology.
I have now owned over 50 stocks in the past six months that have given me 100% or more returns. How are the bears like Barry Ritholtz doing?
New Swing Longs: IFO PMTR MEND TCHC -- for more info on longs go to Investors Paradise.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since initial purchase): ATHR-126 WIRE-172 PETS-120 SLW-131 RATE-177 ASF-226 BOOM-483 BTUI-160 MFLX-206 TSCM-101 TGC-226 NXG-169 RBAK-235 SMDI-107 VGZ-113 LCC-108 SIRF-144 ICTG-92 SHFL BWLD CAMP DECK AXE-37 ASPV IVAC-29 KNXA-70 EFII TTES STRL-38 SNDK NMR-41 STX RSAS ARS-62 PNRG-72 WF MTU VPRT CHE LRCX-40 CORS CYBS NCTY RAIL-71 EAGL-67 HOM-50 SPWR-45 RUTH MMK-40 GCA SA IIP-78 RADN-43 CUP IONA ALTI MSPD-32 BE SWW-35 CCI-80 SWIR-47 SMSI-62 CRUS MERX-45 WGRD OMCL RNT GNA-32 IGT HNZ SPSX-30 AIXD CNXT-65 RSTI-38 KGC-53 OPLK MNST-51 NVD SBAC-46 STKL-45 PEIX-85 KNOL-93 DB RCNI CHRK-29
Shorts Outperforming Market: NONE
Stocks On Radar Screen: HLF SFUN MANU MWRK
Time To Leave: MEK STMP
Monday, April 24, 2006
Low Volume Pullback Helps Stocks Take A Breather From Recent Gains.
Stocks fell across the board as the continued talk of oil prices was enough of a reason to spook buyers away, according to the media talking heads. The SP 600 fell .6%, the Nasdaq fell .4%, SP 400 fell .4%, and the SP 500 fell .2%.
Volume was lower on both the Nasdaq and NYSE, signalling that sellers were not in force and that this was simply an abscence of bidders. Breath was negative 5.5 to 3, so the internals did look a little worse than what the indexes showed. However, almost all of the red on my screen was marginal downticks. Not the stuff to scare you for an impending selloff.
As earnings keep coming out it appears that things are going well for most companies. This is especially true for leading stocks. So far, according to Zacks research positive earnings are leading misses by a 2.2 to 1 margin. And for sales and revenue the positive is beating the misses by a 1.5 to 1 margin. This should continue to be positive for stocks as more earnings are released.
There is still a fair amount of nervousness and skiddishness (not a real word; like truthiness) among traders I know. Most want to sell on any uptick. And I have a lot of traders asking me if it is OK to buy stocks that are so extended I am not sure why they would want to buy them other than the fact they here about it so much they now want it. So to me it looks like plenty of people missed the move, are late getting in it, and once they are now in it think they should sell on any uptick. That along with the still bearish enviornment in the media and chatrooms shows me that there is still room to run.
So let's keep crying about high gas prices, complain about everything we can't control, and try to bad talk everything we can about this administration. If you foolish CNN watchers and bears keep doing this for me, I can look forward to another two to three years of more rallies. Just like the previous three. Keep it up bears!
New Swing Longs: RSAS GSOL PRVT -- For more info on longs go to Investors Paradise.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): ERS-417 BOOM-476 MFLX-204 ASF-222 TGC-176 LCC-104 NXG-156 VGZ-107 CLG-116 LMIA-104 RMBS-32 BEAV-64 TTES UIC-65 NVDA-93 LTM BWLD LRCX-39 NTES TRAD-59 ROK-32 IKNX RNWK IVAC-25 CLZR-69 NTAP ZEUS-76 MTU PNRG-70 CIB-43 APAGF ASVI FTK IHS-46 KEX-40 SPWR-42 BWP RUTH TGE-38 PEIX-83 IIP-65 STKL-43 HEC NVD BGO-71 SYKE ECOL-38 ENER-27 RADN-31 ANO IGT IONA SFE SATC-37 AXE-33 UBS-28 WST GNA-28 SWIR-42 CHRK SIM-35 CTZN FC-36 LONG VLG
Shorts Outperforming Market: NONE
Stocks On Radar Screen: TZOO ZVXI SFUN CAMT
These are some selling examples for readers.
Selling The Rest: FDRY-11% SCHK-12%
Taking Some Small Profits: MSPD SLAB.
Volume was lower on both the Nasdaq and NYSE, signalling that sellers were not in force and that this was simply an abscence of bidders. Breath was negative 5.5 to 3, so the internals did look a little worse than what the indexes showed. However, almost all of the red on my screen was marginal downticks. Not the stuff to scare you for an impending selloff.
As earnings keep coming out it appears that things are going well for most companies. This is especially true for leading stocks. So far, according to Zacks research positive earnings are leading misses by a 2.2 to 1 margin. And for sales and revenue the positive is beating the misses by a 1.5 to 1 margin. This should continue to be positive for stocks as more earnings are released.
There is still a fair amount of nervousness and skiddishness (not a real word; like truthiness) among traders I know. Most want to sell on any uptick. And I have a lot of traders asking me if it is OK to buy stocks that are so extended I am not sure why they would want to buy them other than the fact they here about it so much they now want it. So to me it looks like plenty of people missed the move, are late getting in it, and once they are now in it think they should sell on any uptick. That along with the still bearish enviornment in the media and chatrooms shows me that there is still room to run.
So let's keep crying about high gas prices, complain about everything we can't control, and try to bad talk everything we can about this administration. If you foolish CNN watchers and bears keep doing this for me, I can look forward to another two to three years of more rallies. Just like the previous three. Keep it up bears!
New Swing Longs: RSAS GSOL PRVT -- For more info on longs go to Investors Paradise.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): ERS-417 BOOM-476 MFLX-204 ASF-222 TGC-176 LCC-104 NXG-156 VGZ-107 CLG-116 LMIA-104 RMBS-32 BEAV-64 TTES UIC-65 NVDA-93 LTM BWLD LRCX-39 NTES TRAD-59 ROK-32 IKNX RNWK IVAC-25 CLZR-69 NTAP ZEUS-76 MTU PNRG-70 CIB-43 APAGF ASVI FTK IHS-46 KEX-40 SPWR-42 BWP RUTH TGE-38 PEIX-83 IIP-65 STKL-43 HEC NVD BGO-71 SYKE ECOL-38 ENER-27 RADN-31 ANO IGT IONA SFE SATC-37 AXE-33 UBS-28 WST GNA-28 SWIR-42 CHRK SIM-35 CTZN FC-36 LONG VLG
Shorts Outperforming Market: NONE
Stocks On Radar Screen: TZOO ZVXI SFUN CAMT
These are some selling examples for readers.
Selling The Rest: FDRY-11% SCHK-12%
Taking Some Small Profits: MSPD SLAB.
Saturday, April 22, 2006
Stocks End Mixed, With A Negative Tone. Nice Late-Day Support Help The Indexes From Having A Nasty Day.
Higher oil prices, along with pressure at the gas pumps, was the reason for the Nasdaq falling, according to the talking heads at CNBC. However, the damage was not that bad as the Nasdaq found some late day support. If the selling would have lasted into and through the final hour then I would be concerned. But in the current bull market we have had the past three years there have been a lot of days like this. I believe this is just another one of those semi-scary days that gets the bears confident that they will be right this time.
The Nasdaq fell .8%, the SP 600 fell .3%, and the Dow and SP 500 was up .04% and down .01% respectively. Volume was higher on the Nasdaq and lower on the NYSE. Breadth was even on the NYSE and slightly negative on the Nasdaq. New highs, once again, trumped new lows. Overall a pretty lame day. And the higher volume on the Nasdaq could have been the work of options experation which always inflates the final volume total.
Many leading stocks acted well today and are still in great uptrends. A few stocks here and there give some nasty sell signals. But after such HUGE runs in most of them what do you expect? The IBD 100 was also up .2% on Friday, showing that leading stocks are still dominating the indexes; like always.
There are still plenty of people out there that are calling a top after every market day when we finish red. They were out in force, ONCE AGAIN, in the chatrooms I monitor, on Friday. I think that is simply foolish and goes against all common sense of how to make money. All trends in all time frames are up for all indexes. So calling a top is stupid. Did you know that back in March 2000 I was still bullish after the intitial selloff. When the next selloff occured, I became bearish. Why? Because after the first selloff there were very few charts left that looked good. They all had major distribution qulaities in them and had TERRIBLE chart patterns. So when the second selloff came it was then obvious the rally was over.
That did not then and will not in the future be a guide to a crash. It is simply history repeating itself. When the real top happens, we will have a TON of charts making climax runs, low volume new highs, followed by nasty selloffs. Then and ONLY then will it be smart to say "I am a bear." Until then the trend is up and that is where all the money is being made. You can cry all you want about this great economy and try to talk it down but facts are facts. 100 stocks up 100% or more in four months should tell you how accurate the bears are. Their arguments will be right one day but today is still not there day.
I hope everyone had a great weekend and get ready for an exciting week. Earnings season is always a treat...or a trick.
New Swing Longs: ATPL BDCO BWP CTLM IKNX OMCL CUP HEC NVD LONG
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): ERS-368 NXG-153 BTUI-177 TGB-125 SLW-133 AKAM-112 BOOM-460 BBD-135 VGZ-101 GIGM-152 EMKR-172 VTS-35 FTK TTES ARS-62 FWLT-68 FRGB TMI-26 COGO-53 ZEUS-74 NCTY TOMO-43 KEX-40 BEAS-34 BAS BGC-70 IHS-46 ASPV CLZR-68 CORS CAMP STMP-61 BAM-27 KDN-26 MTU ROK-30 CIB-42 SCVL JOBS RMBS PNRG-69 RUSHA RAIL-73 GEMS-36 CVO-95 NGPS MEK-46 SWIR-41 ECOL-34 SA IIP-52 BGO-64 GBN-48 STAA CDE-44 EVST-60 STKL-34 SWW-29 PEIX-67 RBY-28 NTO-69 SMSI-40 ANO CCUR-25 ISV-48 HNZ SPSX-28 STD VCP BFT BGC-70 ING-26 SATC-36 AXE-32 AGSN-98 DB TGE-25 CHRK VLG
Shorts Outperforming Market: NONE
Stocks On Radar Screen: TZOO!! OSK ZP
Classic Profit Taking And Sell Signals: LCRD SCHK FDRY FFIV
The Nasdaq fell .8%, the SP 600 fell .3%, and the Dow and SP 500 was up .04% and down .01% respectively. Volume was higher on the Nasdaq and lower on the NYSE. Breadth was even on the NYSE and slightly negative on the Nasdaq. New highs, once again, trumped new lows. Overall a pretty lame day. And the higher volume on the Nasdaq could have been the work of options experation which always inflates the final volume total.
Many leading stocks acted well today and are still in great uptrends. A few stocks here and there give some nasty sell signals. But after such HUGE runs in most of them what do you expect? The IBD 100 was also up .2% on Friday, showing that leading stocks are still dominating the indexes; like always.
There are still plenty of people out there that are calling a top after every market day when we finish red. They were out in force, ONCE AGAIN, in the chatrooms I monitor, on Friday. I think that is simply foolish and goes against all common sense of how to make money. All trends in all time frames are up for all indexes. So calling a top is stupid. Did you know that back in March 2000 I was still bullish after the intitial selloff. When the next selloff occured, I became bearish. Why? Because after the first selloff there were very few charts left that looked good. They all had major distribution qulaities in them and had TERRIBLE chart patterns. So when the second selloff came it was then obvious the rally was over.
That did not then and will not in the future be a guide to a crash. It is simply history repeating itself. When the real top happens, we will have a TON of charts making climax runs, low volume new highs, followed by nasty selloffs. Then and ONLY then will it be smart to say "I am a bear." Until then the trend is up and that is where all the money is being made. You can cry all you want about this great economy and try to talk it down but facts are facts. 100 stocks up 100% or more in four months should tell you how accurate the bears are. Their arguments will be right one day but today is still not there day.
I hope everyone had a great weekend and get ready for an exciting week. Earnings season is always a treat...or a trick.
New Swing Longs: ATPL BDCO BWP CTLM IKNX OMCL CUP HEC NVD LONG
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): ERS-368 NXG-153 BTUI-177 TGB-125 SLW-133 AKAM-112 BOOM-460 BBD-135 VGZ-101 GIGM-152 EMKR-172 VTS-35 FTK TTES ARS-62 FWLT-68 FRGB TMI-26 COGO-53 ZEUS-74 NCTY TOMO-43 KEX-40 BEAS-34 BAS BGC-70 IHS-46 ASPV CLZR-68 CORS CAMP STMP-61 BAM-27 KDN-26 MTU ROK-30 CIB-42 SCVL JOBS RMBS PNRG-69 RUSHA RAIL-73 GEMS-36 CVO-95 NGPS MEK-46 SWIR-41 ECOL-34 SA IIP-52 BGO-64 GBN-48 STAA CDE-44 EVST-60 STKL-34 SWW-29 PEIX-67 RBY-28 NTO-69 SMSI-40 ANO CCUR-25 ISV-48 HNZ SPSX-28 STD VCP BFT BGC-70 ING-26 SATC-36 AXE-32 AGSN-98 DB TGE-25 CHRK VLG
Shorts Outperforming Market: NONE
Stocks On Radar Screen: TZOO!! OSK ZP
Classic Profit Taking And Sell Signals: LCRD SCHK FDRY FFIV
Thursday, April 20, 2006
Stocks Move Higher Or Consolidate From Previous Gains.
Market Commentary Before Opening Bell.
I am going to Sansei's with some friends so it is possible there might not be any commentary. If that is the case, the last four post will sum everything up. Nothing changed today.
New Swing Longs: HCSG CEN SHFL IGT CRNT HNZ GMTC ATRO WMS -- For more info on longs go to Investors Paradise and scroll down to Pro Investor-Joshua Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain after purchase): CTXS-60 COGO-50 RATE-178 SNDK NGPS EAGL-73 LTM STMP-60 LII CHE PNRG-69 CBG-130 HOM-51 DECK-25 RNWK BBD-134 AAPL LPSN PKE NCTY BEAS-32 BWLD FTK TRAD-60 IHS-44 CIB-41 CVO-95 MERX-46 TMI PETS-126 GEMS-35 WF SLAB LRCX-41 ROK-30 RSTI-42 ASPV KNXA-72 CYMI SBAC-44 MNST-54 NANX SURG RBAK-237 KNOL-87 ANX-60 CRUS SFE IONA AIXD CNXT-68 STXN-95 SWIR MXWL GNA-27 AVNC MU-26 UVN GMT A STD EVST-52 DB LTRX-53 TGE WDHD
Shorts Outperforming Market: NONE
Stocks On Radar Screen: EGLT SUNH LNOP
Taking Some Profits: I told you Gold stocks were done for the short term. GRS AUY CDE SLW AGT VGZ KGC LSI RMBS
Cut Loss: AAU--10% cut loss.
I am going to Sansei's with some friends so it is possible there might not be any commentary. If that is the case, the last four post will sum everything up. Nothing changed today.
New Swing Longs: HCSG CEN SHFL IGT CRNT HNZ GMTC ATRO WMS -- For more info on longs go to Investors Paradise and scroll down to Pro Investor-Joshua Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain after purchase): CTXS-60 COGO-50 RATE-178 SNDK NGPS EAGL-73 LTM STMP-60 LII CHE PNRG-69 CBG-130 HOM-51 DECK-25 RNWK BBD-134 AAPL LPSN PKE NCTY BEAS-32 BWLD FTK TRAD-60 IHS-44 CIB-41 CVO-95 MERX-46 TMI PETS-126 GEMS-35 WF SLAB LRCX-41 ROK-30 RSTI-42 ASPV KNXA-72 CYMI SBAC-44 MNST-54 NANX SURG RBAK-237 KNOL-87 ANX-60 CRUS SFE IONA AIXD CNXT-68 STXN-95 SWIR MXWL GNA-27 AVNC MU-26 UVN GMT A STD EVST-52 DB LTRX-53 TGE WDHD
Shorts Outperforming Market: NONE
Stocks On Radar Screen: EGLT SUNH LNOP
Taking Some Profits: I told you Gold stocks were done for the short term. GRS AUY CDE SLW AGT VGZ KGC LSI RMBS
Cut Loss: AAU--10% cut loss.
Wednesday, April 19, 2006
Stocks Continue To Climb Wall Of Worry; Higher Oil Prices No Match For Such A Bullish Market.
Stocks continue to rally, despite the negative news of oil and the CPI. This goes to show that once the momentum train is free it is very hard to stop. Markets basically flopped and chopped all day today until the final hour when the Nasdaq rallied to finish the day with .6% gain. The SP 500 and DJIA was up .1% on the day and the SP 600 led the way with a 1% gain. So basically we had a nice positive continuation from yesterday's breakout move mixed with some consolidation in the big cap indexes.
Volume was lower across the board but I don't know what else you would have expected after such an explosive day yesterday. The fact that we held those gains and added to them on the smaller cap and tech indexes is very bullish. Breadth came in higher on the NYSE by a 10-7 margin and higher on the Nasdaq by 3-2. All good in the volume and breadth department.
I am not sure where we are at exactly in terms of this rally. However, something to remember is, that in 1995 when rates were hiked for a year long and came to an end stocks exploded. If that is the case and if history repeats itself this could be a very great year for stocks.
This sure would blow a hole in the Barry Ritholtz Armeggadon argument. That guy is the biggest douche bag I have seen since Bill Fleckenstein. I am calling him out because he is one of the perma bears who tries to scare his readers and "enlighten" them by overloading them on negative articles full of the most pessimistic scenarios most people could imagine. He will be right one day. Too bad when that day comes over 100 different stocks will have made 100% plus gains during the time he was crying about anything negative he could find.
Little old idiots like me do this for free and get paid nothing to do it. While fools like him and Fleckenstein get rich by scaring people and feeding what they want to read. What a joke. At least when I go to sleep I know I have done everything possible to make my readers the most money while minimzing their mistakes. They have to wake up every morning and see the IBD 100 up 20% this year, BOOM up 450%, ERS up 350%, and 100 other stocks up 100% or more since the start of 2006. Nice job perma-bears!
Earnings have been great so far and I don't think that is changing anytime soon. Stock charts look good and I don't see that changing anytime soon.
Great luck out there!!
New Swing Longs: LII CORS ASML -- For more info on longs go to Investors Paradise and scroll down to Josh Hayes and click on longs.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): WIRE-183 RATE-169 BBD-127 NXG-149 AKAM-109 BTUI-166 SLW-150 BOOM-464 CBG-129 ESLR-126 EMKR-168 VRTX-196 IED-108 NRPH-117 VGZ-103 AUY-145 GIGM-146 RUSHA ICTG-84 FWLT-64 IHS-42 STMP-59 OMNI-56 TRAD-58 BGC-71 CYBS TOMO-44 KEX-39 BWLD BAS RSTI-41 TTES BEAV-54 VTS-30 WF CLZR-70 STRL-49 XRTX-64 CVO-93 MNST-54 SLAB SBAC-44 DECK BEAS-29 RAIL-73 ROK-29 CHE SCVL ARS-60 IVAC-37 GEMS-35 CTXS-48 MDCC-48 NGPS EFII FRGB HOM-41 FFIV ZEUS-76 ASVI MERX-45 NVDA-94 FTK SEAB KDN-26 WNR RNWK NNDS-38 NTAP SPWR-52 MMK-50 MEK-48 GCA RUTH QCC ECOL CYMI ASGN-98 RBY-35 STKL-29 TFSM-66 TXCO-70 AMKR-40 STXN-90 ENER-29 BGO-61 CPST-32 AEY BFT SATC-39 SWW LCC-87 HOMS-41 KGC-55 CDE-50 MU FNSR KNOL-77 AXE-31 ANO ILA EVST-51 CAMP DRH A CW GMT SYKE SFE DB NTO-69 UBS-29 CRUS STD LTRX-43 SF SIM-37 FC-29
Shorts Outperforming Market: NONE
Stocks On Radar Screen: STP HNZ ATRO
Blowups: VTSS -- only had 1/2 of position left after 4/10 sell. Selling the rest with a 22% hit. Big freaking deal. At least I show the one a day I get wrong out of 230 plus.
Volume was lower across the board but I don't know what else you would have expected after such an explosive day yesterday. The fact that we held those gains and added to them on the smaller cap and tech indexes is very bullish. Breadth came in higher on the NYSE by a 10-7 margin and higher on the Nasdaq by 3-2. All good in the volume and breadth department.
I am not sure where we are at exactly in terms of this rally. However, something to remember is, that in 1995 when rates were hiked for a year long and came to an end stocks exploded. If that is the case and if history repeats itself this could be a very great year for stocks.
This sure would blow a hole in the Barry Ritholtz Armeggadon argument. That guy is the biggest douche bag I have seen since Bill Fleckenstein. I am calling him out because he is one of the perma bears who tries to scare his readers and "enlighten" them by overloading them on negative articles full of the most pessimistic scenarios most people could imagine. He will be right one day. Too bad when that day comes over 100 different stocks will have made 100% plus gains during the time he was crying about anything negative he could find.
Little old idiots like me do this for free and get paid nothing to do it. While fools like him and Fleckenstein get rich by scaring people and feeding what they want to read. What a joke. At least when I go to sleep I know I have done everything possible to make my readers the most money while minimzing their mistakes. They have to wake up every morning and see the IBD 100 up 20% this year, BOOM up 450%, ERS up 350%, and 100 other stocks up 100% or more since the start of 2006. Nice job perma-bears!
Earnings have been great so far and I don't think that is changing anytime soon. Stock charts look good and I don't see that changing anytime soon.
Great luck out there!!
New Swing Longs: LII CORS ASML -- For more info on longs go to Investors Paradise and scroll down to Josh Hayes and click on longs.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): WIRE-183 RATE-169 BBD-127 NXG-149 AKAM-109 BTUI-166 SLW-150 BOOM-464 CBG-129 ESLR-126 EMKR-168 VRTX-196 IED-108 NRPH-117 VGZ-103 AUY-145 GIGM-146 RUSHA ICTG-84 FWLT-64 IHS-42 STMP-59 OMNI-56 TRAD-58 BGC-71 CYBS TOMO-44 KEX-39 BWLD BAS RSTI-41 TTES BEAV-54 VTS-30 WF CLZR-70 STRL-49 XRTX-64 CVO-93 MNST-54 SLAB SBAC-44 DECK BEAS-29 RAIL-73 ROK-29 CHE SCVL ARS-60 IVAC-37 GEMS-35 CTXS-48 MDCC-48 NGPS EFII FRGB HOM-41 FFIV ZEUS-76 ASVI MERX-45 NVDA-94 FTK SEAB KDN-26 WNR RNWK NNDS-38 NTAP SPWR-52 MMK-50 MEK-48 GCA RUTH QCC ECOL CYMI ASGN-98 RBY-35 STKL-29 TFSM-66 TXCO-70 AMKR-40 STXN-90 ENER-29 BGO-61 CPST-32 AEY BFT SATC-39 SWW LCC-87 HOMS-41 KGC-55 CDE-50 MU FNSR KNOL-77 AXE-31 ANO ILA EVST-51 CAMP DRH A CW GMT SYKE SFE DB NTO-69 UBS-29 CRUS STD LTRX-43 SF SIM-37 FC-29
Shorts Outperforming Market: NONE
Stocks On Radar Screen: STP HNZ ATRO
Blowups: VTSS -- only had 1/2 of position left after 4/10 sell. Selling the rest with a 22% hit. Big freaking deal. At least I show the one a day I get wrong out of 230 plus.
Tuesday, April 18, 2006
HUGE Rally On HUGE Volume; The Bears Are Turned Into Fools, Once Again.
Stocks screamed higher today, showing the bears how foolish it is to try to "talk" down the market. Until the market is actually selling off, being bearish is just as stupid as can be. This shows why you only get bearish AFTER the market clearly is in distribution mode.
The markets rose today as investors received headlines throughout the day that the Fed is nearing the end. The SP 600 rose 2.5%, the Nasdaq rose 1.9%, SP 500 was up 1.7%, and the Dow Jones was up 1.8%. It doesn't get much stronger and broader than that!
Volume was the strongest in three weeks for the NYSE and Nasdaq. The HUGE increase in volume clearly shows that "real" buyers were purchasing stocks. These kind of moves on this kind of volume is not the work of us small traders. These were big giant elephants grabbing shares.
The SP 600 hitting all-time highs again now gives it a 122% gain since 2003 bottom. How many positive headlines have you seen about the economy on your biased TV news programs the past three years? That is what I thought. Funny how the mentally incompetent news anchors and producers can lie to you straight to your face and yet people will still believe them. Meanwhile, believers of the truth make money hand over fist. That in turn, will then have all the negative socialist complaining about the higher oil prices and cost of living. Too bad if they wouldn't have listened to their TV and instead did a little hard work (does anyone my age 25-30 know what that is anymore?) they could have made a ton of money in what was a so-called "terrible" Presidency. That, then, would have given them plenty of money to buy the expensive gas.
I still heard plenty of bearishness in the chat rooms that I monitor. It was hilarious going over them, afterhours. The negativity is still thick. Tons of people know that they are right and that the market is wrong. I see this game from the same players all the time. Well, they are not the same players. They are the same terrible traders that come and go. Different people, same mistakes.
I would like to see the market sell off the next couple of days. That would definitely prove to the bears that this was not real and only "ANOTHER" fakeout. How many of those have we had past three years? 17, I believe. 0-17. One day they will get it right. But today isn't that day.
Great luck out there bulls! Bears get ready to go broke!
Read my post yesterday to see what needs to happen to get me bearish.
New Swing Longs: BAS NCTY AEY FNSR CW -- For more info on longs go to Investors Paradise and scroll down and click on Professional Investor--Joshua Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since long, only stocks w/ 25% plus gains shows number): TGB-131 ASPV IVAC-35 PNRG-72 JOBS RAIL-70 ATHR-133 XRTX-60 ERS-356 ASF-230 UIC-63 SNDK VIMC-111 KNXA-73 COGO-43 AKAM-104 HEIA-43 NMR-43 CBG-127 HOM-40 ARS-58 CLZR-65 MNST-50 BTUI-160 MTU NNDS-38 RMBS-39 CVO-89 EAGL-71 WIRE-163 CYBS STRL-45 SLAB LRCX-38 DECK RATE-157 SCVL PETS-126 MDCC-46 RUSHA ZEUS-74 TRAD-51 NTAP KDN-25 BEAV-49 STX-30 MFLX-211 BBD-119 BOOM-457 LTM IHS-36 SLW-145 TMI BGC-64 ROK-27 CHE RNWK LPSN WF EFII SCHK-43 SBAC-41 VPRT ASVI SEAB BAM-31 PAY-53 ICTG-72 CTXS-46 FRGB VTS-27 FFIV OMNI-49 CIB-43 NTES RSTI-37 BWLD PKE BEAS-28 TTES NGPS MERX-44 TOMO-35 WNR SPWR-40 RUTH SSW GCA MXWL AMKR-30 CNXT-63 JDSU-52 CAMP IED-97 MEL MU MRB-95 PWR MT GMT CPST-27 GIGM-143 STTS CRUS THQI FDRY-33 HOMS-36 A VGZ-97 RBAK-221 CYMI RADN-33 CDE-46 STKL SMF-29 BGO-54 CCUR UBS-28 SYKE IONA ING ILA NTO-67 BDK ANO LCC-80 MNG-181 SA CHRK SIM-34 FC-27 SF CTZN
Shorts Outperforming Market: NONE
Stocks On Radar Screen: SVL STP INVX HEC IDMI
Locking In Some Profits(example for newbies that don't know when to): SILC-70% PEIX-71%
The markets rose today as investors received headlines throughout the day that the Fed is nearing the end. The SP 600 rose 2.5%, the Nasdaq rose 1.9%, SP 500 was up 1.7%, and the Dow Jones was up 1.8%. It doesn't get much stronger and broader than that!
Volume was the strongest in three weeks for the NYSE and Nasdaq. The HUGE increase in volume clearly shows that "real" buyers were purchasing stocks. These kind of moves on this kind of volume is not the work of us small traders. These were big giant elephants grabbing shares.
The SP 600 hitting all-time highs again now gives it a 122% gain since 2003 bottom. How many positive headlines have you seen about the economy on your biased TV news programs the past three years? That is what I thought. Funny how the mentally incompetent news anchors and producers can lie to you straight to your face and yet people will still believe them. Meanwhile, believers of the truth make money hand over fist. That in turn, will then have all the negative socialist complaining about the higher oil prices and cost of living. Too bad if they wouldn't have listened to their TV and instead did a little hard work (does anyone my age 25-30 know what that is anymore?) they could have made a ton of money in what was a so-called "terrible" Presidency. That, then, would have given them plenty of money to buy the expensive gas.
I still heard plenty of bearishness in the chat rooms that I monitor. It was hilarious going over them, afterhours. The negativity is still thick. Tons of people know that they are right and that the market is wrong. I see this game from the same players all the time. Well, they are not the same players. They are the same terrible traders that come and go. Different people, same mistakes.
I would like to see the market sell off the next couple of days. That would definitely prove to the bears that this was not real and only "ANOTHER" fakeout. How many of those have we had past three years? 17, I believe. 0-17. One day they will get it right. But today isn't that day.
Great luck out there bulls! Bears get ready to go broke!
Read my post yesterday to see what needs to happen to get me bearish.
New Swing Longs: BAS NCTY AEY FNSR CW -- For more info on longs go to Investors Paradise and scroll down and click on Professional Investor--Joshua Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since long, only stocks w/ 25% plus gains shows number): TGB-131 ASPV IVAC-35 PNRG-72 JOBS RAIL-70 ATHR-133 XRTX-60 ERS-356 ASF-230 UIC-63 SNDK VIMC-111 KNXA-73 COGO-43 AKAM-104 HEIA-43 NMR-43 CBG-127 HOM-40 ARS-58 CLZR-65 MNST-50 BTUI-160 MTU NNDS-38 RMBS-39 CVO-89 EAGL-71 WIRE-163 CYBS STRL-45 SLAB LRCX-38 DECK RATE-157 SCVL PETS-126 MDCC-46 RUSHA ZEUS-74 TRAD-51 NTAP KDN-25 BEAV-49 STX-30 MFLX-211 BBD-119 BOOM-457 LTM IHS-36 SLW-145 TMI BGC-64 ROK-27 CHE RNWK LPSN WF EFII SCHK-43 SBAC-41 VPRT ASVI SEAB BAM-31 PAY-53 ICTG-72 CTXS-46 FRGB VTS-27 FFIV OMNI-49 CIB-43 NTES RSTI-37 BWLD PKE BEAS-28 TTES NGPS MERX-44 TOMO-35 WNR SPWR-40 RUTH SSW GCA MXWL AMKR-30 CNXT-63 JDSU-52 CAMP IED-97 MEL MU MRB-95 PWR MT GMT CPST-27 GIGM-143 STTS CRUS THQI FDRY-33 HOMS-36 A VGZ-97 RBAK-221 CYMI RADN-33 CDE-46 STKL SMF-29 BGO-54 CCUR UBS-28 SYKE IONA ING ILA NTO-67 BDK ANO LCC-80 MNG-181 SA CHRK SIM-34 FC-27 SF CTZN
Shorts Outperforming Market: NONE
Stocks On Radar Screen: SVL STP INVX HEC IDMI
Locking In Some Profits(example for newbies that don't know when to): SILC-70% PEIX-71%
Monday, April 17, 2006
Stocks Decline On Higher Volume; Not A Serious Distribution Day Due To The Pre-Holiday Trading On Thursday.
Oil prices was the blame of the day for commentators of stocks. The markets mostly fell but the NYSE and SP 600 were green. The Nasdaq was hardest hit by the selling falling .6%. But the late day reversal showed that there is still support out there for stocks. This day wasn't as bad as it might have seen to some players.
Volume rose across the board but I am not a bit worried about this being a distribution day. It is what it is. But put an asteric next to it, because we are comparing a full market day to a pre-holiday trading session. That kind of makes it easy to have higher volume no matter what. So let's not worry about that.
And here is why we shouldn't worry. The IBD 100 rose 1%, clearly showing that leading stocks in strong groups are doing just fine. Leading stocks with nice charts are still outperforming the averages. Not too mention metal and oil stocks but I am not that interested in this group anymore. Why? Everyone is talking about it. I am getting sick of it. We are probably near a short term top in these stocks. I have taken more profits in some of my gold stocks.
What should we worry about? Nothing!!! But for the bears, I will give you guys something: Breadth was negative on the NYSE today. Put/Call ratio spiked to .94--too bad that is a contrarian signal. Yeah, there is oil, inflation, higher gas prices, a slowing house market, and everything else negative you guys can try to scare me about for the past three plus years. But until the markets rollover, my charts breakdown left and right, yield curve inverts hard, put/call drops to .2, and you guys actually say something positive about the "Bush" economy, I will stay bullish and keep making a ton of money.
How many stocks have I owned the past year up 100% or more? According to my accountant it was 62. How many stocks did the bears short that gave you 100% returns? That is what I thought.
Great luck out there!
New Swing Longs: JOBS VPRT CAMP BDK CTZN -- For more info on longs, go to Investors Paradise and scroll down to Professional Investor Josh Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % return after buy--only stocks up 25% or more have numbers): BOOM-444 ERS-330 TGB-106 NXG-147 WIRE-154 SLW-139 MFLX-204 ASF-212 RATE-149 TGC-135 CLG-139 AUY-142 GRS-102 NVDA-98 STRL-40 OMNI-47 ASPV ZEUS-69 VTS-25 RMBS-34 GEMS-33 KDN MERX-44 STX-27 RNWK STMP-54 BAM-30 CYBS LPSN ROK-25 UIC-54 PKE NGPS BEAV-46 TMI FRGB DECK WF HEIA-36 EFII ASVI COGO-36 SEAB MNST-44 ARS-51 MMK-44 QCC SPWR-35 AAU PEIX-86 RBY-25 ENER ANO VGZ-93 KGC-49 GBN-53 SA BGO-50 AGT-37 TXCO-56 NTO-65 ALTI ANX-51 SYKE CDE-42 CCUR STEL VSL EVST-50 BFT MRB-84 ECLG-55 SATC-36 TVIA SIM FC
Shorts Outperforming Market: NONE
Stocks On Radar Screen: HEC
Blowup: BKHM -- Very disgusting. I really liked this chart. Selling the remaining shares with a 13% gain.
Volume rose across the board but I am not a bit worried about this being a distribution day. It is what it is. But put an asteric next to it, because we are comparing a full market day to a pre-holiday trading session. That kind of makes it easy to have higher volume no matter what. So let's not worry about that.
And here is why we shouldn't worry. The IBD 100 rose 1%, clearly showing that leading stocks in strong groups are doing just fine. Leading stocks with nice charts are still outperforming the averages. Not too mention metal and oil stocks but I am not that interested in this group anymore. Why? Everyone is talking about it. I am getting sick of it. We are probably near a short term top in these stocks. I have taken more profits in some of my gold stocks.
What should we worry about? Nothing!!! But for the bears, I will give you guys something: Breadth was negative on the NYSE today. Put/Call ratio spiked to .94--too bad that is a contrarian signal. Yeah, there is oil, inflation, higher gas prices, a slowing house market, and everything else negative you guys can try to scare me about for the past three plus years. But until the markets rollover, my charts breakdown left and right, yield curve inverts hard, put/call drops to .2, and you guys actually say something positive about the "Bush" economy, I will stay bullish and keep making a ton of money.
How many stocks have I owned the past year up 100% or more? According to my accountant it was 62. How many stocks did the bears short that gave you 100% returns? That is what I thought.
Great luck out there!
New Swing Longs: JOBS VPRT CAMP BDK CTZN -- For more info on longs, go to Investors Paradise and scroll down to Professional Investor Josh Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % return after buy--only stocks up 25% or more have numbers): BOOM-444 ERS-330 TGB-106 NXG-147 WIRE-154 SLW-139 MFLX-204 ASF-212 RATE-149 TGC-135 CLG-139 AUY-142 GRS-102 NVDA-98 STRL-40 OMNI-47 ASPV ZEUS-69 VTS-25 RMBS-34 GEMS-33 KDN MERX-44 STX-27 RNWK STMP-54 BAM-30 CYBS LPSN ROK-25 UIC-54 PKE NGPS BEAV-46 TMI FRGB DECK WF HEIA-36 EFII ASVI COGO-36 SEAB MNST-44 ARS-51 MMK-44 QCC SPWR-35 AAU PEIX-86 RBY-25 ENER ANO VGZ-93 KGC-49 GBN-53 SA BGO-50 AGT-37 TXCO-56 NTO-65 ALTI ANX-51 SYKE CDE-42 CCUR STEL VSL EVST-50 BFT MRB-84 ECLG-55 SATC-36 TVIA SIM FC
Shorts Outperforming Market: NONE
Stocks On Radar Screen: HEC
Blowup: BKHM -- Very disgusting. I really liked this chart. Selling the remaining shares with a 13% gain.
Saturday, April 15, 2006
Happy Easter!!
Have a great Easter weekend!
New Swing Longs: ASPV
New Swing Shorts: NONE
Longs Outperforming Market: NXG-122 KNXA-66 COGO-35 CYBS TOMO-41 SNDK BTUI-159 NTAP ERS-289 RMBS-30 ROK TGB-85 ATHR-127 GEMS-29 LPSN BEAS-31 EAGL-66 MERX-40 HEIA-35 SLAB TRAD-47 FFIV WF HOM-35 SCVL TTES BOOM-437 ASVI STMP-51 DECK PKE MFLX-195 SCHK-41 ZEUS-64 RSTI-38 OMNI-39 SEAB NGPS BAM-27 MDCC-52 CLZR-62 VIMC-103 CIB-44 AKAM-94 NTES CTXS-44 LTM MEK-48 SURG PEIX-62 DCEL TVIA STKL GBN-44 ECLG-54 ACTG-57 IIP-66 LCC-88 ASGN-78 NTO-58 SWIR CPST ALTI EFII IMMR LQU-32 CHRK
Shorts Outperforming Market: NONE
Stocks On Radar Screen: THLD GLBC BDCO PILL
New Swing Longs: ASPV
New Swing Shorts: NONE
Longs Outperforming Market: NXG-122 KNXA-66 COGO-35 CYBS TOMO-41 SNDK BTUI-159 NTAP ERS-289 RMBS-30 ROK TGB-85 ATHR-127 GEMS-29 LPSN BEAS-31 EAGL-66 MERX-40 HEIA-35 SLAB TRAD-47 FFIV WF HOM-35 SCVL TTES BOOM-437 ASVI STMP-51 DECK PKE MFLX-195 SCHK-41 ZEUS-64 RSTI-38 OMNI-39 SEAB NGPS BAM-27 MDCC-52 CLZR-62 VIMC-103 CIB-44 AKAM-94 NTES CTXS-44 LTM MEK-48 SURG PEIX-62 DCEL TVIA STKL GBN-44 ECLG-54 ACTG-57 IIP-66 LCC-88 ASGN-78 NTO-58 SWIR CPST ALTI EFII IMMR LQU-32 CHRK
Shorts Outperforming Market: NONE
Stocks On Radar Screen: THLD GLBC BDCO PILL
Wednesday, April 12, 2006
Traders Start Vacation Early As Stocks Flatline Before The Start Of Passover.
Stocks were up across the board on Wednesday, with the SP 600 leading with a .5% gain. The action was pretty solemn all day, thanks to the Passover holiday and upcoming Easter weekend. It appears traders have taken an early leave of absence.
Volume was much lower today but that is normally the case on the start of Passover. That along with the upcoming weekend should keep volume low the next two days. Breadth was pretty much even to slightly positive.
This thin action is just the start of what should be happening the rest of the week. If you think the media or me can really tell you why the market did this or why it did that, you are wrong. There is simply no way to make any meaningful analysis out of the market action today or any market action the next two days.
I would take some time with the family and enjoy the upcoming holiday weekend. If anything crazy happens you can bet I will write about it. But if the market acts like this the next two days, you can guarantee I will not have anything to say.
Great luck out there!
New Swing Longs: AVNC -- more info on longs at Investors Paradise. Scroll down to Josh Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): BTUI-149 SLW-130 NVDA-103 ATHR-120 VIMC-103 PETS-131 BOOM-430 WIRE-136 ASF-206 RATE-149 MFLX-192 CBG-119 NXG-106 NDAQ-297 IVAC-27 COGO-29 CLZR-61 XRTX-57 GEMS-25 LPSN RMBS-25 STRL-34 NNDS-36 CIB-43 STMP-49 LTM CYBS EAGL-63 ASVI SCHK-40 NTES SBAC-40 FFIV CVO-86 STX-26 PKE CTXS-44 BAM-27 KDN SEAB UIC-52 HEIA-33 FRGB NGPS ROK RUTH GCA ANO TXCC TFSM-42 DCEL PWR PLXT SWIR IMMR RNWK THQI ILA CPST ILSE SVNT LIOX CCI-70
Shorts Outperforming Market: NONE
Stocks On Radar Screen: HAQ HRZ TWW GIII
Take Some More Profits: LCRD
Volume was much lower today but that is normally the case on the start of Passover. That along with the upcoming weekend should keep volume low the next two days. Breadth was pretty much even to slightly positive.
This thin action is just the start of what should be happening the rest of the week. If you think the media or me can really tell you why the market did this or why it did that, you are wrong. There is simply no way to make any meaningful analysis out of the market action today or any market action the next two days.
I would take some time with the family and enjoy the upcoming holiday weekend. If anything crazy happens you can bet I will write about it. But if the market acts like this the next two days, you can guarantee I will not have anything to say.
Great luck out there!
New Swing Longs: AVNC -- more info on longs at Investors Paradise. Scroll down to Josh Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): BTUI-149 SLW-130 NVDA-103 ATHR-120 VIMC-103 PETS-131 BOOM-430 WIRE-136 ASF-206 RATE-149 MFLX-192 CBG-119 NXG-106 NDAQ-297 IVAC-27 COGO-29 CLZR-61 XRTX-57 GEMS-25 LPSN RMBS-25 STRL-34 NNDS-36 CIB-43 STMP-49 LTM CYBS EAGL-63 ASVI SCHK-40 NTES SBAC-40 FFIV CVO-86 STX-26 PKE CTXS-44 BAM-27 KDN SEAB UIC-52 HEIA-33 FRGB NGPS ROK RUTH GCA ANO TXCC TFSM-42 DCEL PWR PLXT SWIR IMMR RNWK THQI ILA CPST ILSE SVNT LIOX CCI-70
Shorts Outperforming Market: NONE
Stocks On Radar Screen: HAQ HRZ TWW GIII
Take Some More Profits: LCRD
Tuesday, April 11, 2006
Nasty Reversal Slams Stocks, On Higher Volume; I Am Taking More Profits, Cutting Losses, And Staying Patient.
There was some real fear out there today, as stocks fell across the board. The situation in Iran and rising oil prices were the culprit for today's losses. Unlike most other days, the talking heads got it right today. The negative action was in fact caused by the geopolitical situation in Iran. Can you blame traders for selling?
The SP 600 fell 1.3%, the Nasdaq fell 1%, and the SP 500 fell .8%. The selloff today did come on higher volume. With this distribution day, the Nasdaq now has four distribution days in four weeks and the SP 500 has three distribution days during the past four weeks. Breadth was horrible on both exchanges, with 3 stocks declining to every one rising on the NYSE and Nasdaq. Not a good day at all.
Today's action was pretty bad. The past two days many stocks that I own have flashed climax tops, extended runs, exhaustion gaps, heavy volume selloffs, and 50 dma breaks. That has caused me to start raising some cash by taking profits in big winners and speculative stocks starting to show some weakness. I have also been cutting losses on speculative and cheap stocks that have gone basically no where for me the past couple of months. This does not mean that I am selling everything; it just means that I am selling down some positions. There are still a fair amount of stocks that are showing no damage at all. However, the past three trading days have caused some stocks to throw up big red flags for possible further deterioration.
Now, I don't know what is going to happen next. We may rally some more or we may need to selloff some more to get the fear back in the market that we lost last week (AAII survey). We can game some insight by looking at the put/call ratio. That ratio climbed above 1.0 intraday before closing around .95. Spikes above 1.0 show that traders have a high level of fear out there as they buy as many puts as calls. However, recently, it has taken a multiple number of days where the index closes over 1.0 to give a strong signal that the selling is over. So we are probably in no mans land here.
Since I am not sure what the market wants to do, I advise traders to stay defensive. Keep new buys small if you buy anything, look for climax/sell signals on your long term winners, and get rid of your laggards to raise some cash for the next up move.
Raising that cash will get you ready for the next round of leaders. And there seems to be a fair amount of stocks that have pulled back on low volume and if the market gets back into the swing of things could be ready to attack their old highs. These charts are still very pretty, even after this nasty pullback today.
To reiterate: Take some profits if you have not already in your winners. This reversal had the feel of something more to come; but it might have also been a final washout. It is hard to tell here. So caution is recommended.
If you read yesterday's post you will see that the action in individual charts warned us of today's move. You gotta love charts!
Great luck. See you tomorrow!
New Swing Longs: NONE
New Swing Shorts: NONE
Longs Outperforming Market: ERS-294 CBG-118 TGC-112 NXG-96 AKAM-95 FFIV SNDK FTK PNRG-62 CIB-39 QCC KNXA-60 HOM-34 OMNI-41 SVNT SWIR VCP FMTI TGB-85 EVST-56 RNWK TRT
Shorts Outperforming Market: NONE
Stocks On Radar Screen: ARD TESOF
Take Profits, Cut Losses: ESLR FC OPLK AP CVN ANO
Blowups: PEC -- Leaving with a 4% loss.
The SP 600 fell 1.3%, the Nasdaq fell 1%, and the SP 500 fell .8%. The selloff today did come on higher volume. With this distribution day, the Nasdaq now has four distribution days in four weeks and the SP 500 has three distribution days during the past four weeks. Breadth was horrible on both exchanges, with 3 stocks declining to every one rising on the NYSE and Nasdaq. Not a good day at all.
Today's action was pretty bad. The past two days many stocks that I own have flashed climax tops, extended runs, exhaustion gaps, heavy volume selloffs, and 50 dma breaks. That has caused me to start raising some cash by taking profits in big winners and speculative stocks starting to show some weakness. I have also been cutting losses on speculative and cheap stocks that have gone basically no where for me the past couple of months. This does not mean that I am selling everything; it just means that I am selling down some positions. There are still a fair amount of stocks that are showing no damage at all. However, the past three trading days have caused some stocks to throw up big red flags for possible further deterioration.
Now, I don't know what is going to happen next. We may rally some more or we may need to selloff some more to get the fear back in the market that we lost last week (AAII survey). We can game some insight by looking at the put/call ratio. That ratio climbed above 1.0 intraday before closing around .95. Spikes above 1.0 show that traders have a high level of fear out there as they buy as many puts as calls. However, recently, it has taken a multiple number of days where the index closes over 1.0 to give a strong signal that the selling is over. So we are probably in no mans land here.
Since I am not sure what the market wants to do, I advise traders to stay defensive. Keep new buys small if you buy anything, look for climax/sell signals on your long term winners, and get rid of your laggards to raise some cash for the next up move.
Raising that cash will get you ready for the next round of leaders. And there seems to be a fair amount of stocks that have pulled back on low volume and if the market gets back into the swing of things could be ready to attack their old highs. These charts are still very pretty, even after this nasty pullback today.
To reiterate: Take some profits if you have not already in your winners. This reversal had the feel of something more to come; but it might have also been a final washout. It is hard to tell here. So caution is recommended.
If you read yesterday's post you will see that the action in individual charts warned us of today's move. You gotta love charts!
Great luck. See you tomorrow!
New Swing Longs: NONE
New Swing Shorts: NONE
Longs Outperforming Market: ERS-294 CBG-118 TGC-112 NXG-96 AKAM-95 FFIV SNDK FTK PNRG-62 CIB-39 QCC KNXA-60 HOM-34 OMNI-41 SVNT SWIR VCP FMTI TGB-85 EVST-56 RNWK TRT
Shorts Outperforming Market: NONE
Stocks On Radar Screen: ARD TESOF
Take Profits, Cut Losses: ESLR FC OPLK AP CVN ANO
Blowups: PEC -- Leaving with a 4% loss.
Monday, April 10, 2006
Big Caps Up, Small Caps Down On Lower Volume; Another Boring Market Day.
Another boring day of trading on low volume for the stock market today. The indexes barely made moves of .4% in either direction and there wasn't a whole lot of intraday action to gain any meaningfull insight into today's move. Oil prices were the reason the stock market did not rally more, according to CNBC. It has to be something.
Volume was lower across the board, with decliners beating advancers by a 10-7 margin on the NYSE and 3-2 on the Nasdaq. The lower volume for the second day in a row is a positive sign for the bulls. Lower volume after higher volume on the upside indicates big institutional investors have not been dumping stocks. Instead they are simply just stepping aside.
Overall, things still look fine. There is not a lot of extreme bullishness or bearishness just a lot of bored confused traders. This is the sort of sentiment that could help keep this rally alive. If nothing else it helps build bases for the next rally. The selling does not appear to be aggressive (nothing says that can't change) and it simply appears the buyers are just waiting to make their move.
I have taken some profits, cut some losses, locked in some gains, and have kept new buys very small the past two days. I don't think this is a sign of an impending pullback it is just a sign that the markets are going through a pullback and some old leaders are making a rotation into some possible new advancers.
So, to me, the markets still look fine. There are no red flags that I am seeing that would make me think that this is "the top." Therefore, I am sticking with my bullish bias, until there is a bigger gap in the bull/bear numbers from the AAII survey. That along with distribution days would be enough to have me looking for a short term top. For now, the coast is clear.
Great luck out there!
New Swing Longs: PLXT OTE TRT -- For more info about longs go to Investors Paradise, go to Josh Hayes, and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market: VIMC-121 ERS-274 MFLX-200 ASF-202 PETS-132 WIRE-138 NXG-93 VGZ-94 LPSN STRL-31 VTS-25 WF LTM SCHK-41 FTK AP CTXS-46 NTES IHS-36 BGC-75 CLZR-62 DECK UIC-54 WNR NMR-47 GEMS-27 NGPS MDCC-53 RSTI-40 MTU PNRG-61 HEIA-34 STMP-47 SCVL MERX-48 CVO-89 KNXA-59 GCA CPST-28 PEIX-76 PAY-56 TGB-83 SYKE IED-93 SVNT LNUX-32 AKN RNWK QUIK ZEUS-62 NANX LIOX ANO CRUS GBN-52 DRH ECOL SWIR STEL LMIA-82 RNT ILSE FC-38 CHRK ICTG-86 PRKR SF
Shorts Outperforming Market: NONE
Stocks On Radar Screen: NONE
Taking Partial Profits, Partial Losses, Or Final Sells: NENG CHRD FLML VTSS BWNG NVAX
Volume was lower across the board, with decliners beating advancers by a 10-7 margin on the NYSE and 3-2 on the Nasdaq. The lower volume for the second day in a row is a positive sign for the bulls. Lower volume after higher volume on the upside indicates big institutional investors have not been dumping stocks. Instead they are simply just stepping aside.
Overall, things still look fine. There is not a lot of extreme bullishness or bearishness just a lot of bored confused traders. This is the sort of sentiment that could help keep this rally alive. If nothing else it helps build bases for the next rally. The selling does not appear to be aggressive (nothing says that can't change) and it simply appears the buyers are just waiting to make their move.
I have taken some profits, cut some losses, locked in some gains, and have kept new buys very small the past two days. I don't think this is a sign of an impending pullback it is just a sign that the markets are going through a pullback and some old leaders are making a rotation into some possible new advancers.
So, to me, the markets still look fine. There are no red flags that I am seeing that would make me think that this is "the top." Therefore, I am sticking with my bullish bias, until there is a bigger gap in the bull/bear numbers from the AAII survey. That along with distribution days would be enough to have me looking for a short term top. For now, the coast is clear.
Great luck out there!
New Swing Longs: PLXT OTE TRT -- For more info about longs go to Investors Paradise, go to Josh Hayes, and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market: VIMC-121 ERS-274 MFLX-200 ASF-202 PETS-132 WIRE-138 NXG-93 VGZ-94 LPSN STRL-31 VTS-25 WF LTM SCHK-41 FTK AP CTXS-46 NTES IHS-36 BGC-75 CLZR-62 DECK UIC-54 WNR NMR-47 GEMS-27 NGPS MDCC-53 RSTI-40 MTU PNRG-61 HEIA-34 STMP-47 SCVL MERX-48 CVO-89 KNXA-59 GCA CPST-28 PEIX-76 PAY-56 TGB-83 SYKE IED-93 SVNT LNUX-32 AKN RNWK QUIK ZEUS-62 NANX LIOX ANO CRUS GBN-52 DRH ECOL SWIR STEL LMIA-82 RNT ILSE FC-38 CHRK ICTG-86 PRKR SF
Shorts Outperforming Market: NONE
Stocks On Radar Screen: NONE
Taking Partial Profits, Partial Losses, Or Final Sells: NENG CHRD FLML VTSS BWNG NVAX
Friday, April 07, 2006
Stock Indexes Fall Hard On Lower Volume; Fear Is What We Need To Keep The Bears From Becoming Bulls.
A jump in bond yields and a strong jobs report was the culprit of the day, according to the talking heads at CNBC. As we know already, that is just an excuse to try to explain the selloff. The selloff wasn't that bad but was the worse drop we have seen in five weeks. The SP 600 fell the hardest at 1.2%, followed by the SP 400/500 down 1%, and the Nasdaq lost .9%.
Volume was lower than the day before, on all indexes. Breadth was negative by a 4-1 margin on the NYSE and 2-1 negative on the Nasdaq. That poor breadth combined with the low volume has the feel of a market with fewer buyers than more sellers. What I mean by that is that instead of funds coming in and selling en-masse they simple stepped aside and let the few sellers that showed up to simply take stocks down without putting a bid underneath to support it.
I, personally, don't see much worrisome about today's action. We need day's like this to keep the bears from becoming bullish. By keeping them bearish and shorting that only gives the bulls more fire for the upside as the bears will be forced to cover there shorts for losses as prices continue to rise. By looking at the AAII number you can see the past week brought on a lot of bears to the bullish camp. A pullback can help reverse that number or at least prevent it from rising.
I apologize, once again, for the delay in the post. I am still dealing with some personal issues.
See you on Monday!
New Swing Longs: NONE
New Swing Shorts: NONE
Longs Outperforming Market: STRL COGO-28 ERS-248 NNDS-33 BWLD PNRG-61 TMI-30 RATE-151 OXPS RSTI-40 STX-29 SCVL RMBS-25 HOM NMR-45 SCHK-37 UVN QCC AAU SSW PEIX-56 OMNI-36 SATC-41 TMTA NENG-35 TVIA MSPD-47 MT IIP-65 CNXT-69 SVNT AGT-38 BEAS-27 RNWK ICTG-78 WF MDM-26
Shorts Outperforming Market: NONE
Stocks On Radar Screen: SPSN DEIX
Run Away As Fast As You Can: LMLP -- Leaving with a 4% gain.
Final Sell Of A Longer Term Winner: ORA -- 43% gain, SAY -- 24% gain
Signal To Lock In Some Profits: MRB -- 86% gain. This is just a point to sell some shares. The intraday action and daily chart shows that there was plenty of support to the day's selling.
Volume was lower than the day before, on all indexes. Breadth was negative by a 4-1 margin on the NYSE and 2-1 negative on the Nasdaq. That poor breadth combined with the low volume has the feel of a market with fewer buyers than more sellers. What I mean by that is that instead of funds coming in and selling en-masse they simple stepped aside and let the few sellers that showed up to simply take stocks down without putting a bid underneath to support it.
I, personally, don't see much worrisome about today's action. We need day's like this to keep the bears from becoming bullish. By keeping them bearish and shorting that only gives the bulls more fire for the upside as the bears will be forced to cover there shorts for losses as prices continue to rise. By looking at the AAII number you can see the past week brought on a lot of bears to the bullish camp. A pullback can help reverse that number or at least prevent it from rising.
I apologize, once again, for the delay in the post. I am still dealing with some personal issues.
See you on Monday!
New Swing Longs: NONE
New Swing Shorts: NONE
Longs Outperforming Market: STRL COGO-28 ERS-248 NNDS-33 BWLD PNRG-61 TMI-30 RATE-151 OXPS RSTI-40 STX-29 SCVL RMBS-25 HOM NMR-45 SCHK-37 UVN QCC AAU SSW PEIX-56 OMNI-36 SATC-41 TMTA NENG-35 TVIA MSPD-47 MT IIP-65 CNXT-69 SVNT AGT-38 BEAS-27 RNWK ICTG-78 WF MDM-26
Shorts Outperforming Market: NONE
Stocks On Radar Screen: SPSN DEIX
Run Away As Fast As You Can: LMLP -- Leaving with a 4% gain.
Final Sell Of A Longer Term Winner: ORA -- 43% gain, SAY -- 24% gain
Signal To Lock In Some Profits: MRB -- 86% gain. This is just a point to sell some shares. The intraday action and daily chart shows that there was plenty of support to the day's selling.
Thursday, April 06, 2006
Markets Recover Mid-Day To Close Near Highs; Another Boring Day Of Trading.
I am running late tonight and will not have time to write any commentary. There is enough information in the past ten post to keep the brain engaged in thought. I will be back and ready on Friday. Thank you for being understanding.
New Swing Longs: SWIR ALTI ANO
New Swing Shorts: NONE
Longs Outperforming Market: BOOM-457 PETS-133 CBG-120 SLW-134 NVDA-104 BBD-128 SIRF-139 AUY-140 MNG-171 GIGM-124 AKAM-99 CVO-93 RMBS AAPL SMSI-62 CYBS SBAC-42 FTK FFIV TRAD-48 MTU KDN-25 DECK ROK-25 ARS-61 SNDK LOJN VTS XRTX-69 NGPS HOM RSTI-39 PKE GEMS-29 BGC-74 RUSHA CHE MDCC-56 NNDS-30 FWLT-71 NTAP PEC LTM HEIA-34 PNRG-58 BAM-30 NMR-43 WST UVN CIB-47 MEK-49 AAU MMK-55 KNXA-65 SSW LYV AGT-37 BWEB OMNI-29 TGB-67 SA VGZ-84 MSPD-43 STMP-49 JDSU-72 AKN LMIA-85 ZEUS-61 BGO-47 COMS NXG-83 GBN-53 LCRD-90 LRCX-35 LWSN CYMI IMMR RNWK LCC-95 BEAV-43 ACTG-51 QUIK SPIL IIP-62 DCEL PWR SMF PEIX-43 MNST-49 SCVL NTO-62 MU FC-34 TGE-29 WF MDM-25 LMLP-37 WCBO SF
Shorts Outperforming Market: NONE
Stocks On Radar Screen: CTRN TRMA RIV VOCS CTLM
New Swing Longs: SWIR ALTI ANO
New Swing Shorts: NONE
Longs Outperforming Market: BOOM-457 PETS-133 CBG-120 SLW-134 NVDA-104 BBD-128 SIRF-139 AUY-140 MNG-171 GIGM-124 AKAM-99 CVO-93 RMBS AAPL SMSI-62 CYBS SBAC-42 FTK FFIV TRAD-48 MTU KDN-25 DECK ROK-25 ARS-61 SNDK LOJN VTS XRTX-69 NGPS HOM RSTI-39 PKE GEMS-29 BGC-74 RUSHA CHE MDCC-56 NNDS-30 FWLT-71 NTAP PEC LTM HEIA-34 PNRG-58 BAM-30 NMR-43 WST UVN CIB-47 MEK-49 AAU MMK-55 KNXA-65 SSW LYV AGT-37 BWEB OMNI-29 TGB-67 SA VGZ-84 MSPD-43 STMP-49 JDSU-72 AKN LMIA-85 ZEUS-61 BGO-47 COMS NXG-83 GBN-53 LCRD-90 LRCX-35 LWSN CYMI IMMR RNWK LCC-95 BEAV-43 ACTG-51 QUIK SPIL IIP-62 DCEL PWR SMF PEIX-43 MNST-49 SCVL NTO-62 MU FC-34 TGE-29 WF MDM-25 LMLP-37 WCBO SF
Shorts Outperforming Market: NONE
Stocks On Radar Screen: CTRN TRMA RIV VOCS CTLM
Wednesday, April 05, 2006
Another Day Proving The Bears Wrong--AGAIN; More New Five Year and All Time Highs For The Major Market Indexes.
Apple's big news and the good feeling of the postive Fed head comments yesterday was the reason the markets rallied today, according to the media. The major indexes rallied anywhere from .3% to .7%, with the SP 400 leading the way.
Volume was higher on NYSE and lower on the Nasdaq as breadth was positive on the NYSE by a 10-7 margin and a 8-7 margin on the Nasdaq.
The big news on the day was the announcement of AAPL having software ready to work on MACs that use Windows. I am not sure this is the reason why stocks climbed, today. However, this is a very cool development and shows that we are in a very interesting time of amazing software development in the computer industry.
Given that news with the action of the markets today, we can only come away with a good feeling. However, that is what we need to watch out for. These are the kind of news events that when correlated with the market starts to turn bears into bulls. That is not bad at first as their short covering is what causes those huge price spikes. Sadly, those same huge price spikes also signals the end of the run. Charts are not near that point yet but still that is something to keep in mind as we watch stocks like IIIN make moves like we have seen.
There are, still, plenty of unbelievers of the rally that we have been having so there is still more upside to come I am sure. Plus, I am not having any HUGE blowups and am not having a ton of stocks breaking down on the way up. The cheap stocks are here and there but those dont even make up .05% of my portfolio at some times. The IBD stocks, however, continue to kill the market. Also when you have ten new longs that tells you that maybe the market is still ready to explode and really cause those shorts some pain.
I wouldn't mind some sideways action or some low volume drifting here. Some charts are showing signs of being extended and needing a rest. But simply put the majority are just stair stepping up very calmly.
The new longs that you see below are going to be small buys in most of the stocks that are not breaking out from a sound base. Stocks like AAPL OXPS SNDK NEXT BWEB will be very tiny buys. I don't recommend trading like I do anyways. Holding this many stocks in a bull market is for professionals only. I do not want to hold this many! I am just simply trading my plan because I know my odds and know my high profit/loss ratio works. But if I was a newbie I would only buy FTK and MFRI if I followed my trading plan. Hope that teaches you a little bit on how I eye up which ones look better or have a better shot than the others.
Have a great day tomorrow and good luck. Please, read the last ten post to know where we are at and how we got here.
New Swing Longs: AAPL SNDK OXPS FTK RSCR DCEL CYMI MFRI NEXT BWEB -- For more on the longs go to Investors Paradise and scroll down to Investing-Josh Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): VIMC-100 SLW-132 ERS-243 PETS-128 NVDA-104 BBD-128 CBG-116 WIRE-142 MFLX-212 ASF-207 RATE-151 ATHR-134 MNG-169 AUY-138 TWTC-150 TRAD-44 STRL MDCC-55 SLAB-26 SCVL BAM-30 WNR-25 XRTX-68 NTAP IVAC-41 CLZR-64 BGC-73 DECK MTU EFII UIC-66 HOM FWLT-70 PKE RMBS ARS-59 TMI-32 PEC EAGL-66 NGPS KEYS-29 NMR-43 ROK BWLD CTXS-44 RUSHA SCHK-42 HEIA-34 FFIV CVN MEK-41 QCC SPWR-33 MMK-47 AAU PEIX-37 GNBT-78 SATC-30 NVAX-47 QUIK TOMO-40 TGB-52 IIP-63 COMS WTSLA CNXT-69 TXCC CDE-35 BEAS-28 LNUX-25 TXCO-64 NTO-61 IMMR VGZ-71 RBY GMT DB-25 CRUS MERX-51 WST FVE EVST-50 LMLP-35 PRKR ICTG-86 TTES CTEC
Shorts Outperforming Market: NONE
Stocks On Radar Screen: RAE DVW FELE AHC
Volume was higher on NYSE and lower on the Nasdaq as breadth was positive on the NYSE by a 10-7 margin and a 8-7 margin on the Nasdaq.
The big news on the day was the announcement of AAPL having software ready to work on MACs that use Windows. I am not sure this is the reason why stocks climbed, today. However, this is a very cool development and shows that we are in a very interesting time of amazing software development in the computer industry.
Given that news with the action of the markets today, we can only come away with a good feeling. However, that is what we need to watch out for. These are the kind of news events that when correlated with the market starts to turn bears into bulls. That is not bad at first as their short covering is what causes those huge price spikes. Sadly, those same huge price spikes also signals the end of the run. Charts are not near that point yet but still that is something to keep in mind as we watch stocks like IIIN make moves like we have seen.
There are, still, plenty of unbelievers of the rally that we have been having so there is still more upside to come I am sure. Plus, I am not having any HUGE blowups and am not having a ton of stocks breaking down on the way up. The cheap stocks are here and there but those dont even make up .05% of my portfolio at some times. The IBD stocks, however, continue to kill the market. Also when you have ten new longs that tells you that maybe the market is still ready to explode and really cause those shorts some pain.
I wouldn't mind some sideways action or some low volume drifting here. Some charts are showing signs of being extended and needing a rest. But simply put the majority are just stair stepping up very calmly.
The new longs that you see below are going to be small buys in most of the stocks that are not breaking out from a sound base. Stocks like AAPL OXPS SNDK NEXT BWEB will be very tiny buys. I don't recommend trading like I do anyways. Holding this many stocks in a bull market is for professionals only. I do not want to hold this many! I am just simply trading my plan because I know my odds and know my high profit/loss ratio works. But if I was a newbie I would only buy FTK and MFRI if I followed my trading plan. Hope that teaches you a little bit on how I eye up which ones look better or have a better shot than the others.
Have a great day tomorrow and good luck. Please, read the last ten post to know where we are at and how we got here.
New Swing Longs: AAPL SNDK OXPS FTK RSCR DCEL CYMI MFRI NEXT BWEB -- For more on the longs go to Investors Paradise and scroll down to Investing-Josh Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): VIMC-100 SLW-132 ERS-243 PETS-128 NVDA-104 BBD-128 CBG-116 WIRE-142 MFLX-212 ASF-207 RATE-151 ATHR-134 MNG-169 AUY-138 TWTC-150 TRAD-44 STRL MDCC-55 SLAB-26 SCVL BAM-30 WNR-25 XRTX-68 NTAP IVAC-41 CLZR-64 BGC-73 DECK MTU EFII UIC-66 HOM FWLT-70 PKE RMBS ARS-59 TMI-32 PEC EAGL-66 NGPS KEYS-29 NMR-43 ROK BWLD CTXS-44 RUSHA SCHK-42 HEIA-34 FFIV CVN MEK-41 QCC SPWR-33 MMK-47 AAU PEIX-37 GNBT-78 SATC-30 NVAX-47 QUIK TOMO-40 TGB-52 IIP-63 COMS WTSLA CNXT-69 TXCC CDE-35 BEAS-28 LNUX-25 TXCO-64 NTO-61 IMMR VGZ-71 RBY GMT DB-25 CRUS MERX-51 WST FVE EVST-50 LMLP-35 PRKR ICTG-86 TTES CTEC
Shorts Outperforming Market: NONE
Stocks On Radar Screen: RAE DVW FELE AHC
Tuesday, April 04, 2006
Stocks Gain In A Very Choppy Day Of Trading, On Mixed Volume.
It was another seemingly boring day for the indexes. I could not find really any catalyst for today's action. However, the media told us that it was the two Fed presidents suggesting that hikes may be near the end. If that doesn't fit you, you can just say the markets rose today due to the CSC news that it is being acquired. Either way, that is not why the markets went up, but will end it at that.
Major market indexes rallied across the board from the Nasdaq's .3% gain to the SP 500's .6% gain. The top index on the day, that I follow, was the IBD 100 moving up 1.2%. That shows that leaders are doing better than the general market and that is a bullish development. The SP 400 and NYSE hit all time highs and the Nasdaq had its highest close in 5 years. Bullish? Yes.
Volume was higher on the Nasdaq and lower on the NYSE. Advancers beat decliners by 9 - 7 on the NYSE and on the Nasdaq they were basically flat.
The markets are still very bullish and I basically had a lot of low volume pullbacks or small low volume advancers. So everything still looks like smooth sailing into earnings season. As you know that is one of the four storms we have every year. Still we are not there yet but have plenty of time for commentators to warn us of the upcoming misses. That helps us climb that wall that they love building with no foundation.
The markets continue to hold up well to the disgust of the bears. As long as they continue to pound the table on why the market is going to fall soon, we are going to keep going up. Until they accept the truth and become true believers of the trend in front of them, we will continue to ride their shorts higher to that sweet point of capitulation. And that is the sweet point at which we true disciplined traders will then sell our shares right at the point that the bears will not be able to take anymore.
I can't think of much else to add. There really hasn't been anything that has wowed me the past three days and I don't think I am the only one out there with that same feeling. So on that note I want to say thank you for the kind words that have come across my way from all my friends. I hope everyone had a great day yesterday and I hope today's trading day treats you well.
ALOHA!
New Swing Longs: MXO RNWK GMT LOJN -- More information on longs at Investors Paradise on the Josh Hayes Professional Investor link.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since orig. position): ATHR-134 PETS-120 WIRE-137 NVDA-102 BOOM-425 RATE-151 SLW-124 MFLX-205 CBG-114 BBD-126 AUY-127 BWNG-148 GIGM-115 IVAC-37 SLAB STX-31 KDN LPSN ASVI-30 BAM-26 PEC EAGL-65 RUTH BGC-69 RUSHA COGO-28 MDCC-49 KEX-38 NMR-42 LTM XRTX-62 CVO-94 TMI-30 FWLT-67 HEIA-33 GEMS-28 SCHK-39 UVN ARS-57 CHE NGPS SMSI-58 CIB-51 DECK CLZR-56 CVN AAU QCC GCA MEK-37 FSGI KNXA-62 VGZ-68 IIP-52 TXCC RNAI-72 SFE ZEUS-58 ISV-44 CPST TYL MDII DB TMTA PPCO WGRD SYKE TOMO-32 UBS MERX-49 TXCO-61 EVST-49 WST SEAB CNXT-62 ING RADN-37 FC-26 SMF-29 CHRK ICTG-85 AP
Shorts Outperforming Market: NONE
Stocks On Radar Screen: WEBM MEOH ICGE CPL
Big Hits: LJPC -- 10% cut loss.
Major market indexes rallied across the board from the Nasdaq's .3% gain to the SP 500's .6% gain. The top index on the day, that I follow, was the IBD 100 moving up 1.2%. That shows that leaders are doing better than the general market and that is a bullish development. The SP 400 and NYSE hit all time highs and the Nasdaq had its highest close in 5 years. Bullish? Yes.
Volume was higher on the Nasdaq and lower on the NYSE. Advancers beat decliners by 9 - 7 on the NYSE and on the Nasdaq they were basically flat.
The markets are still very bullish and I basically had a lot of low volume pullbacks or small low volume advancers. So everything still looks like smooth sailing into earnings season. As you know that is one of the four storms we have every year. Still we are not there yet but have plenty of time for commentators to warn us of the upcoming misses. That helps us climb that wall that they love building with no foundation.
The markets continue to hold up well to the disgust of the bears. As long as they continue to pound the table on why the market is going to fall soon, we are going to keep going up. Until they accept the truth and become true believers of the trend in front of them, we will continue to ride their shorts higher to that sweet point of capitulation. And that is the sweet point at which we true disciplined traders will then sell our shares right at the point that the bears will not be able to take anymore.
I can't think of much else to add. There really hasn't been anything that has wowed me the past three days and I don't think I am the only one out there with that same feeling. So on that note I want to say thank you for the kind words that have come across my way from all my friends. I hope everyone had a great day yesterday and I hope today's trading day treats you well.
ALOHA!
New Swing Longs: MXO RNWK GMT LOJN -- More information on longs at Investors Paradise on the Josh Hayes Professional Investor link.
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since orig. position): ATHR-134 PETS-120 WIRE-137 NVDA-102 BOOM-425 RATE-151 SLW-124 MFLX-205 CBG-114 BBD-126 AUY-127 BWNG-148 GIGM-115 IVAC-37 SLAB STX-31 KDN LPSN ASVI-30 BAM-26 PEC EAGL-65 RUTH BGC-69 RUSHA COGO-28 MDCC-49 KEX-38 NMR-42 LTM XRTX-62 CVO-94 TMI-30 FWLT-67 HEIA-33 GEMS-28 SCHK-39 UVN ARS-57 CHE NGPS SMSI-58 CIB-51 DECK CLZR-56 CVN AAU QCC GCA MEK-37 FSGI KNXA-62 VGZ-68 IIP-52 TXCC RNAI-72 SFE ZEUS-58 ISV-44 CPST TYL MDII DB TMTA PPCO WGRD SYKE TOMO-32 UBS MERX-49 TXCO-61 EVST-49 WST SEAB CNXT-62 ING RADN-37 FC-26 SMF-29 CHRK ICTG-85 AP
Shorts Outperforming Market: NONE
Stocks On Radar Screen: WEBM MEOH ICGE CPL
Big Hits: LJPC -- 10% cut loss.
Monday, April 03, 2006
Stocks Turn Tail At Noon, Disappointing Traders; Overall Big Picture Still Looks Good.
Stocks started off well and everything seemed to be ok. Then those nasty sellers came in and knocked the indexes down for the rest of the day. The damage was very minimal as the worst of the damage was on the SP 600 with a .7% hit. The Nasdaq and SP 400 weren't even down .2%, and the Big Cap indexes finished in the green. Of course, it sounded worse on TV than it really was.
Volume was higher on both indexes. But the higher volume on the Nasdaq has to be taken into context. The volume was below the 50 dva and was lower than the volume on the day it broke out last week. Not too sure how that can be as bearish as some commentators have made it sound today. Today is also not a distribution day, since the Nasdaq was down less than .5%.
To me nothing new has changed since Thursday. There is no way I can spin anything out of the market action the past two days. It has simply been lazy and uneventful. I dont have a whole lot of new stock buys pulling back, have some leaders giving profit taking signals, and have a lot pulling back on low volume. So pretty normal action in a normal bull market.
I spent the day playing poker. Nothing exciting. But if you want to become a better trader, I recommend learning how to play poker. There are some great principles in poker that apply to trading. Neither one is gambling, if you have history on your side. Nothing like practice makes perfect. Phil Ivey isn't Phil Ivey for nothing. Same with Brunson, Chan, Helmuth, and the others. Same goes with ONeil, Livermore, Darvis, and every other great trader. All had to learn the hard knocks way. It is the effort you put in that will produce the reward you deserve. As is life, so is trading.
Too bad some, including me, have to learn the hard way. Sometimes, you have to go broke before you really can start to grow and learn. Life, relationships, poker, and stocks. The same psychology is involved in all endevors. All of these things are great challenges and can produce some HUGE rewards if we learn how to control our emotions, place proper bets, and do it with love. If you do that, you can't go wrong. If you however can not control emotions, go all in too often, dont cut your selfish losses, and hate pursuing the dream, you will go wrong and will go broke. You have to love everything you do. If you trade stocks or play poker to make money, you will fail.
I just recently went broke in an aspect of my personal life and let me tell you what--it was the greatest learning experience EVER!!
So no matter how hard it seems or long the road looks, just keep at it. You will reach the end of that wonderful road by following the trend and riding the wave of profits that trend produces. Sometimes it can seem like a lonesome journey but in the end the rewards of all the hard work will be the joy you can give others by helping them complete their dreams. Sometimes, the lonely road is the best road to take.
I have no clue what I just wrote and like always I am not proofreading it.
Have a great day trading on Tuesday and I shall be back tomorrow. Hopefully, there will be a little more excitement in the air. It really seems that there is a lazy and sloth like backdrop to the past two trading days. Maybe it is daylight savings time. Who knows? See you tomorrow.
New Swing Longs: SPIL WF ILA ICCA AP -- for more info on these longs go to Investors Paradise and go down to Josh Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market (number is % gain since initial purchase): UIC-63 HOM ERS0234 COGO-25 MFLX-205 BBD-125 STRL CIB-51 MTU BOOM-416 VTS GEMS-27 SMSI-58 ROK TMI-29 NMR-39 WNR FRGB NVDA-93 VIMC-82 ORA-62 MDCC-46 TRAD-38 AKAM-108 CVO-92 CTXS-45 HEIA-32 SBAC-43 KEX-35 IHS-38 UVN SAY-38 PNRG-64 NTAP QCC KNXA-61 TGC-150 SATC-25 ACTG-51 RNAI-62 GIGM-115 IIP-38 QUIK AMKR TVIA STTS CLG-121 AUY-111 ISV-38 SYKE RBAK-220 GNA NXG-74 TXCO-58 BAM BWNG-140 MERX-47 OPLK ECIL TOMO-26 SWW-30 NTO-52 IMMR LWSN A RADN-37 NRPH-108 RCNI TFSM-44 SVNT FWLT-65 LMLP-44 TTES FC SMF BLD-46 PRKR MDM PROS
Shorts Outperforming Market: NONE
Stocks On Radar Screen: KEM UQM ATML TIII
Long Term Winners Giving Sell/Partial Sell Signals: UIC PETS -- still holding some shares. These patterns are just HISTORICALLY significant areas to lock in some profits. UIC exhaustion gap and PETS another HUGE volume 50 dma crack. Now are they both done? No. Especially PETS. Look at what NWRE did in early Feb. With the kind of fundamental growth these two have, the current run is done but the stocks are definitely not done. If the growth slows then it is possible they are both done.
Blowup, Disaster Of The Day: RDCM -- 28% gain to 11% loss overnight. No big deal, it happens. I would rather have a 11% loss from buying right than a 65% loss from bottom fishing stocks like INHX.
Volume was higher on both indexes. But the higher volume on the Nasdaq has to be taken into context. The volume was below the 50 dva and was lower than the volume on the day it broke out last week. Not too sure how that can be as bearish as some commentators have made it sound today. Today is also not a distribution day, since the Nasdaq was down less than .5%.
To me nothing new has changed since Thursday. There is no way I can spin anything out of the market action the past two days. It has simply been lazy and uneventful. I dont have a whole lot of new stock buys pulling back, have some leaders giving profit taking signals, and have a lot pulling back on low volume. So pretty normal action in a normal bull market.
I spent the day playing poker. Nothing exciting. But if you want to become a better trader, I recommend learning how to play poker. There are some great principles in poker that apply to trading. Neither one is gambling, if you have history on your side. Nothing like practice makes perfect. Phil Ivey isn't Phil Ivey for nothing. Same with Brunson, Chan, Helmuth, and the others. Same goes with ONeil, Livermore, Darvis, and every other great trader. All had to learn the hard knocks way. It is the effort you put in that will produce the reward you deserve. As is life, so is trading.
Too bad some, including me, have to learn the hard way. Sometimes, you have to go broke before you really can start to grow and learn. Life, relationships, poker, and stocks. The same psychology is involved in all endevors. All of these things are great challenges and can produce some HUGE rewards if we learn how to control our emotions, place proper bets, and do it with love. If you do that, you can't go wrong. If you however can not control emotions, go all in too often, dont cut your selfish losses, and hate pursuing the dream, you will go wrong and will go broke. You have to love everything you do. If you trade stocks or play poker to make money, you will fail.
I just recently went broke in an aspect of my personal life and let me tell you what--it was the greatest learning experience EVER!!
So no matter how hard it seems or long the road looks, just keep at it. You will reach the end of that wonderful road by following the trend and riding the wave of profits that trend produces. Sometimes it can seem like a lonesome journey but in the end the rewards of all the hard work will be the joy you can give others by helping them complete their dreams. Sometimes, the lonely road is the best road to take.
I have no clue what I just wrote and like always I am not proofreading it.
Have a great day trading on Tuesday and I shall be back tomorrow. Hopefully, there will be a little more excitement in the air. It really seems that there is a lazy and sloth like backdrop to the past two trading days. Maybe it is daylight savings time. Who knows? See you tomorrow.
New Swing Longs: SPIL WF ILA ICCA AP -- for more info on these longs go to Investors Paradise and go down to Josh Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market (number is % gain since initial purchase): UIC-63 HOM ERS0234 COGO-25 MFLX-205 BBD-125 STRL CIB-51 MTU BOOM-416 VTS GEMS-27 SMSI-58 ROK TMI-29 NMR-39 WNR FRGB NVDA-93 VIMC-82 ORA-62 MDCC-46 TRAD-38 AKAM-108 CVO-92 CTXS-45 HEIA-32 SBAC-43 KEX-35 IHS-38 UVN SAY-38 PNRG-64 NTAP QCC KNXA-61 TGC-150 SATC-25 ACTG-51 RNAI-62 GIGM-115 IIP-38 QUIK AMKR TVIA STTS CLG-121 AUY-111 ISV-38 SYKE RBAK-220 GNA NXG-74 TXCO-58 BAM BWNG-140 MERX-47 OPLK ECIL TOMO-26 SWW-30 NTO-52 IMMR LWSN A RADN-37 NRPH-108 RCNI TFSM-44 SVNT FWLT-65 LMLP-44 TTES FC SMF BLD-46 PRKR MDM PROS
Shorts Outperforming Market: NONE
Stocks On Radar Screen: KEM UQM ATML TIII
Long Term Winners Giving Sell/Partial Sell Signals: UIC PETS -- still holding some shares. These patterns are just HISTORICALLY significant areas to lock in some profits. UIC exhaustion gap and PETS another HUGE volume 50 dma crack. Now are they both done? No. Especially PETS. Look at what NWRE did in early Feb. With the kind of fundamental growth these two have, the current run is done but the stocks are definitely not done. If the growth slows then it is possible they are both done.
Blowup, Disaster Of The Day: RDCM -- 28% gain to 11% loss overnight. No big deal, it happens. I would rather have a 11% loss from buying right than a 65% loss from bottom fishing stocks like INHX.
Saturday, April 01, 2006
Small Caps Were Higher And Big Caps Were Lower, Ending A Good Month and Quarter For Stocks.
Nothing happened on Friday that changed the situation we had coming into the day. The previous five post WILL guide you to where we are currently. The action on Friday was just not interesting and worth going over.
I enjoyed the island, this weekend. Hey, I live here! I gotta take some time off to enjoy the natural beauty this place I call home has to offer. It was a nice weekend. I hope yours was as enjoyable. I will be answering all question and comments here and at Investors Paradise.
New Swing Longs: FSGI GCA TXCC SVNT FVE PRKR PROS WCBO LAKE LYV
New Swing Shorts: NONE
Longs Outperforming Market (number is % gain of current long): AKAM-106 CVO-90 ILSE CTXS-44 PNRG-64 EAGL-60 MDCC-44 SLAB NGPS CYBS-25 KEX-35 LTM BGC-67 DECK PEC RATE-150 SBAC-42 SCHK-42 CIB-47 SAY-38 SIRF-123 ASF-214 FFIV-26 BEAV-42 WIRE-130 LPSN UIC-51 HEIA-31 WNR ORA-60 KNXA-57 RUSHA CHE SMSI-54 KDN TMI-27 NHWK TWPG MEK-39 ISV LNUX MERX-43 RNAI-43 CLG-111 CCUR-29 LPTH GBN-50 IIP-26 TOMO-26 LCC-95 IMMR TGC-110 KNOL-70 ACTG-34 ANX-50 STKL TTEK ZL-60 QUIK TWTC-155 STXN-86 ECIL BFT NRPH-106 ENER SNPS PKE WST GEMS-25 STAA OPLK ECOL UBS TVIA A DRH SATC HPOL LMLP FSP
Shorts Outperforming Market: NONE
Stocks On Radar Screen: BAS CXG TRMA SMOD IPAS STAK FCF CORI INVX
Taking Some Profits On Big Winners: ERS TXCO
I enjoyed the island, this weekend. Hey, I live here! I gotta take some time off to enjoy the natural beauty this place I call home has to offer. It was a nice weekend. I hope yours was as enjoyable. I will be answering all question and comments here and at Investors Paradise.
New Swing Longs: FSGI GCA TXCC SVNT FVE PRKR PROS WCBO LAKE LYV
New Swing Shorts: NONE
Longs Outperforming Market (number is % gain of current long): AKAM-106 CVO-90 ILSE CTXS-44 PNRG-64 EAGL-60 MDCC-44 SLAB NGPS CYBS-25 KEX-35 LTM BGC-67 DECK PEC RATE-150 SBAC-42 SCHK-42 CIB-47 SAY-38 SIRF-123 ASF-214 FFIV-26 BEAV-42 WIRE-130 LPSN UIC-51 HEIA-31 WNR ORA-60 KNXA-57 RUSHA CHE SMSI-54 KDN TMI-27 NHWK TWPG MEK-39 ISV LNUX MERX-43 RNAI-43 CLG-111 CCUR-29 LPTH GBN-50 IIP-26 TOMO-26 LCC-95 IMMR TGC-110 KNOL-70 ACTG-34 ANX-50 STKL TTEK ZL-60 QUIK TWTC-155 STXN-86 ECIL BFT NRPH-106 ENER SNPS PKE WST GEMS-25 STAA OPLK ECOL UBS TVIA A DRH SATC HPOL LMLP FSP
Shorts Outperforming Market: NONE
Stocks On Radar Screen: BAS CXG TRMA SMOD IPAS STAK FCF CORI INVX
Taking Some Profits On Big Winners: ERS TXCO
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