A final hour liftoff helped stocks overcome a lazy to negative day after an early morning spike which was immediately sold. This was a nice continuation of yesterday's move.
The SP 600 led the way with a 1.3% gain, the SP 500 and Nasdaq followed with a .6% gain, and the Dow Jones Industrial Average rose .5%.
Volume was higher on both the NYSE and the Nasdaq. The Nasdaq volume was just a tad higher but it was higher none the less. Breadth was positive on the NYSE by a 2-to-1 margin and was positive on the Nasdaq by a 3-to-2 margin.
This market is starting to act like it wants to put in a short term bottom. This action along with the oversold readings on a lot of oscillators and some sentiment indicators getting a little ahead of themselves looks good for further upside. I just wouldn't expect this to be the bottom that sets us up for a huge run to new all time highs. There simply is not the right kind of leadership for that kind of a rally. However, the strong closes are a positive and is a starting point.
Earnings are dominating the headlines and all the stocks gapping up and down on my charts is my signal that the market is still not the kind of environment I want to go all-in. If I had no way to receive any news I would still know it was earnings season (even if I couldn't see the months) because the amount of gaps up and down and the percentages are just in such abundance that you can tell it is earnings season.
So we need to just play a little, if you must play at all. Keeping cash heavy even though the indexes are going up is still the smart play. Trust me, Jesse Livermore, Bernard Baruch, Nicolas Darvas, and William O Neil wouldn't or is not investing in this market. They know it is better to wait till all the stars line up. Trust me when that moment happens, like always, I will let you know.
Stay positive and great luck out there. I will hopefully be back in action tomorrow.
Investors Paradise was hacked and my forum was the only one compromised. I guess that is the highest form of flattery: being attacked. Hacking is a form of terrorism and I laugh in the face of terrorism. We will be back up and running and even if all the great conversations are compromised for good it does not matter. We will build brand new again on my forum. How does that sound, guy who hacked me? LOL.
My whole life has been nothing but one big success story after extremely tragic situations. I have no family and after being clinically dead twice via two vicious accidents when I was in between the age of 16-17 things like this don't even phase me. This is nothing. Thank you for cleaning up my forum, hacker. You will never win. I always win in life.
New Swing Longs: NONE
New swing Shorts: HNR CPF VLTR XPRSA -- keep these very small. I will try to post charts on here later.
Longs Outperforming: TTG OMNI-163 KNOL-148 ITG LMT AKAM-100 TRMA BWP RNST CXW IHS-57 MO HMSY SEIC BIDU IGT PAY-34 ALTH PMTR-83 BMR BAM-32 TYL HNZ
Shorts Outperforming: ZRAN AMAT MAFB BTH APOL ITWO AB EWG RCNI OPTN IYT SUPX C HCBK HVT WERN CSX FRC WTFC CNI IFX
Stocks On Radar Screen: NONE
Covering Shorts (for your analysis): UPL EWQ VV RCII MENT SII NEM
29 comments:
hacked???
now that is vicious
just shows how huge Joshua hayes on investor paradise is
rock on!!!!
Big time...hacker...could it be johann???
Who knows and who cares...be back up in no time and we'll have an even better forum.
Any thoughts on having same/different topics?
hacked, how stupid.......why would someone hack a stock chat board. so lame.....must be a disgruntled ERS shareholder who didnt sell when you said to :) - orkiter........sure is weak volume out there, every stock i look at has anemic volume rallies last 2 days, looks suspicious.
ps- a new board means i can do all the slow-pitch jokes again for mkt spec :).....or-kiter
Didn't take long for OR to come out swinging!
But leaves me the opportunity to throw out the tree hugger jokes.
All your new swing shorts josh are pretty self explanatory!
Guys, off too bed...I AM BEAT...hitting too many dingers in my SLOW PITCH softball!
Yeah, no kidding, lame.
Anyways. I was going to open the new forums possibly like this:
About me
Longs
Shorts
Blog
Questions on Longs
Questions on Shorts
Questions on Market
General Market Discussion
off-topic forum
user blog postings (for us, you know--yy, market, lafayette)
articles on internet -- stock related
articles on internet -- off topic
My biggest problem with this whole thing is the lack of security on this site.
Like I said before though. This gives me more leverage. I can request what I want and get it and I will now request a better web site designer and host.
This is unacceptable. I am actually thankful for what the sad hacker did. This should help them realize how far off they are from being a serious website.
I will make sure before I go paid that all of this is resolved. Seth simply has to be on top of it more.
These guys are class acts. I am sure everything will be fine in the future. But this was a good thing. This needed to happen. Now they realize that they are popular! Anytime a hacker comes after you, you know you are doing something right.
Defense, defense, defense.
Ok so I couldn't get away...pretty sad actually...
I like the format Josh...
I was going to suggest seperating Market questions from Discussion...Sometimes it takes something to get something moving. There was definitely unhappy user of IP...or just someone who was trying to sabotage a good thing. At any rate, this will only improve IP and your section of it...I'd like to meet face to face with the person that hacked the site...IT'D BE FUN LOL
Reminds me of a quote from Happy Gilmore:
Shooter: I pieces of sh*t like you for breakfast
Happy: You eat pieces of shit for breakfast??? LOL
ROFLMAO
God do I love a great movie quote.
Going on doing some research on Brad Koteshwar...wrote "the perfect stock" and "the perfect speculator"
Well said, Josh. Forget the hacker. I am looking forward to the new site getting up and being even better. I really enjoyed and appreciated the insight gained during the past few weeks, and I hope we can get things going again soon. Best of luck.
Hi Josh:
Sorry to hear abt the problem with your IP site. Lurked there a while but haven't been there in a few weeks.
Maybe this is a fortuitous opportunity for you to start planning seriously your "PAID" site?
Looking forward to that.
Good Luck
"A. FRIEND" of your BLOG
Thank you everyone.
At the end of the summer the redesign was supposed to be up and running. I will be charging a very cheap $30. I think that is a bargain for how much I am around and the returns I have provided on certain selections--especially in market environments from March 03-May 06.
The best charge a lot more but I am still young so know that time will be on my side.
Yes, it will be better but we weren't going to be able to do anything until Seth got back from teaching at Bible camp anyway.
Anyways, it appears the hacker was out after me. I guess we will know tomorrow, hopefully. Until then thank you for all the very kind words.
We will be back up and running soon. Until then I guess this blog will have to do for now.
LOL at that movie quote, Market.
Ok everyone I haven't spoken to anyone but I guess the forum will be up tomorrow.
And the archives will be back this weekend.
I invite the hacker to try again. Let's make this fun! roflmao.
Market, let me know if that book is worth adding to the collection.
Aloha everyone
Thank you, once again. I told you this Investors Paradise crew is good. I promise Seth and Justin will have this all fixed. These guys are too serious at whatever it is they are going to do.
Hacker -
You'll be found eventually; you can't hide forever. And when you are revealed, i'll find you. I'll come for you and do not be mistaken - I will kill you.
cool it anon.
I am so scared. Help me, mommy! roflmao.
Threats only make me stronger. How are you going to kill me? What makes you think you can kill me? You can't. You are too weak and powerless. You are a little boy and I am a man and I will crush you like you were Hizbollah. You are fear and I am life. Love will always destroy hate.
You don't have the guts to come to Maui to kill me. You little pussy. My name is Joshua Hayes and I live on the westside of Maui. I am easy to find. You don't have the guts little boy.
I know you are a retarded insulate fuck but your not funny threats are really an act of ignorance and if you do ever show up to Maui I will fuck you up beyond belief you stupid ignorant cunt. Don't fuck with me pussy. I am not your normal sit-on-his ass all day trader. I will leave you for dead.
You wanna see how we do it Hawaiian style? Yeah right.
Of course not. You will get fucked up bro.
Don't ever threaten me again. I love to scrap. Fighting was my past time growing up. Where do you think I am from? The suburbs? You think I never went to jail?
I know the previous poster was a jokester but still the "I will kill you threat" is pretty exciting. :)
An honor I would say.
Fun and excitement...IP is saying that it may not have been a hacker...what else would cause just your site and demarch's account to go blank? Random events? YEAH!!!
I say Josh and the hacker get on an old fashion thumb wrestling match!!!!!! WHHHOOOOAAAAA
I know how they do it in Hawaii...first one or two small dudes start flapping their gums...antagonize...then when you retaliate that is when their fleet of brahs come out and attack...saftey in numbers!
Josh,
Book is worth it...real simple rules...rules you could incorporate with O'Neil's, Livermore's and all the others...they are quite similar. There is a fictional character Boyd Hunt...wonder if you'd be able to figure out who it is...I need to get "The Perfect Stock."
Even an angel can end up falling
Don't you cry, because you're crawling
Start again, it's a beautiful morning
For satellites
damn, market.
boyd hunt...what book did I read that in??????
Oh man. Who knows. I have heard that name before. I can not for the life of me think of what book that was in.
Darn it.
IP is up and running. My new forums are up. I am MauiTrader.
It was a hacker. He is trying to convince me it wasn't so I won't worry. But it is too late. There will have to be a lot of security upgrades and other things before we go live.
Also we have to have someone on the ball like Seth during the summer months. This is not cool with me. But in no way would I tell Seth to stop what he is doing.
Anyone who puts Stocks over God has his priorities wrong. If you are an athiest, don't get offended for G-d's sake.
josh what you think of FILE
my account was fucken disabled
this looks like a targeted attack
resign up Y.Y. under a diff. nick and a new email account. I have four yahoo accounts so it wasnt difficult.
Later on you will be fixed. We should also be able to recover all the archives I am hoping.
FILE: it is getting there but the time is still wrong. Look at the 50 dma it is below the 200 dma which says that time wise the stock isnt ready to go up. We need some more uptrending backing and filling then when the 50 is over the 200 and then a breakout happens then it is the right time to go. Until then you have a wild but not volatile stock that is going nowhere. There is still no obvious direction. Just a stock going back and forth back and forth.f
Joshua my threat was addressed to the hacker, not you. :D
Thank you brother.
You are a great man. I thought you were trying to be "the hacker."
I was letting "the hacker" know that I welcome a good fight.
That is too funny. You are a class act my friend. To defend me like that--to threaten the hacker, you are the best bro.
Sorry for attacking you. But know that I will defend you the same.
This is my O'Hana (family)!
All I can say is awesome. We do know now in fact it sure was a hacker and it was a targeted attack.
But hopefully that is in the past and we will not have to deal with that again.
Seth/Justin are upgrading our servers and security. :)
Like I said this was a blessing.
Is something wrong again with the site? Josh's page doesn't load, and if you go the regular www.investorsparadise.com page, it takes you to some weird welcome page, not the regular page. What's going on? Is this happening to other people? I was on throughout the day with no problems.
PAGE CANNOT BE FOUND FOR IP
It seems to be working now.
This is part of the upgrade progress.
I sure wish they would communicate better.
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