Market Commentary At Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings - Signal Date
PTT 286% - 11/16
AKAM 241% - 9/30/05
KNOL 232% - 1/12/06
CVO 178% - 8/17/05
SVNT 146% - 8/24
AOB 126% - 9/12
MA 126% - 8/2
JST 102% - 10/13
CHINA 100% - 8/16
IHS 92% - 12/21
TRCR 92% 1/12
CCOI 90% - 9/27
ALTH 88% - 6/9
MEH 86% - 8/30
TTEC 85% - 8/25
HRZ 83% - 9/27
CLEC 82% - 9/25
CPA 80% - 9/15
MALL 77% - 11/6
HMSY 75% - 6/23
ICE 75% - 9/21
STEC 71% - 8/17
FTEK 69% - 10/6
HRT 62% - 10/23
WGA 60% - 8/30
NWK 56% - 12/13
BAM 56% - 11/17
CKSW 53% - 10/11
RMKR 51% - 11/14
AOI 51% - 11/9
DA 52% - 1/25/06
MEMY 51% - 12/21
IMKTA 54% - 8/28
IIVI 47% - 8/30
PSPT 50% - 8/14
TYL 48% - 2/1/06
ICAD 46% - 1/11
TRBN 47% - 10/31
PCCC 45% - 10/26
Wednesday, January 31, 2007
Tuesday, January 30, 2007
Stocks Finish Green Across The Board, As The Fed Begins Its Two-Day FOMC Meeting; Crude Oil Jumps 5.5%
Market Commentary At Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date
PTT 276% - 11/16
SVNT 146% - 8/24
CHINA 100% - 8/16
JST 102% - 10/13
HMSY 74% - 6/23
STEC 71% - 8/17
RMKR 51% - 11/14
AOB 126% - 9/12
MA 124% - 8/2
FTEK 63% - 10/6
AOI 51% - 11/9
NWK 56% - 12/13
MEH 86% - 8/30
HRZ 83% - 9/27
CVO 178% - 8/17/05
DA 53% - 1/25/06
KNOL 218% - 1/12/06
MALL 77% - 11/6
TRCR 92% 1/12
MEMY 51% - 12/21
CCOI 90% - 9/27
TTEC 82% - 8/25
BAM 59% - 11/17
AKAM 241% - 9/30/05
IHS 90% - 12/21
ICE 75% - 9/21
HRT 62% - 10/23
IMKTA 54% - 8/28
IIVI 47% - 8/30
PSPT 50% - 8/14
TYL 48% - 2/1/06
CPA 75% - 9/15
CKSW 53% - 10/11
ALTH 88% - 6/9
ICAD 46% - 1/11
WGA 51% - 8/30
TRBN 46% - 10/31
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date
PTT 276% - 11/16
SVNT 146% - 8/24
CHINA 100% - 8/16
JST 102% - 10/13
HMSY 74% - 6/23
STEC 71% - 8/17
RMKR 51% - 11/14
AOB 126% - 9/12
MA 124% - 8/2
FTEK 63% - 10/6
AOI 51% - 11/9
NWK 56% - 12/13
MEH 86% - 8/30
HRZ 83% - 9/27
CVO 178% - 8/17/05
DA 53% - 1/25/06
KNOL 218% - 1/12/06
MALL 77% - 11/6
TRCR 92% 1/12
MEMY 51% - 12/21
CCOI 90% - 9/27
TTEC 82% - 8/25
BAM 59% - 11/17
AKAM 241% - 9/30/05
IHS 90% - 12/21
ICE 75% - 9/21
HRT 62% - 10/23
IMKTA 54% - 8/28
IIVI 47% - 8/30
PSPT 50% - 8/14
TYL 48% - 2/1/06
CPA 75% - 9/15
CKSW 53% - 10/11
ALTH 88% - 6/9
ICAD 46% - 1/11
WGA 51% - 8/30
TRBN 46% - 10/31
Monday, January 29, 2007
Stocks End The Day Mixed But Flat From Friday, After A Wild And Volatile Session.
Market Commentary At Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date
PTT 260% - 11/16
SVNT 146% - 8/24
CHINA 99% - 8/16
JST 102% - 10/13
HMSY 71% - 6/23
STEC 67% - 8/17
RMKR 51% - 11/14
AOB 125% - 9/12
MA 122% - 8/2
FTEK 62% - 10/6
AOI 51% - 11/9
NWK 56% - 12/13
MEH 86% - 8/30
HRZ 83% - 9/27
CVO 178% - 8/17/05
DA 52% - 1/25/06
KNOL 218% - 1/12/06
MALL 73% - 11/6
TRCR 92% 1/12
MEMY 51% - 12/21
CCOI 84% - 9/27
TTEC 81% - 8/25
BAM 59% - 11/17
AKAM 241% - 9/30/05
IHS 90% - 12/21
ICE 80% - 9/21
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date
PTT 260% - 11/16
SVNT 146% - 8/24
CHINA 99% - 8/16
JST 102% - 10/13
HMSY 71% - 6/23
STEC 67% - 8/17
RMKR 51% - 11/14
AOB 125% - 9/12
MA 122% - 8/2
FTEK 62% - 10/6
AOI 51% - 11/9
NWK 56% - 12/13
MEH 86% - 8/30
HRZ 83% - 9/27
CVO 178% - 8/17/05
DA 52% - 1/25/06
KNOL 218% - 1/12/06
MALL 73% - 11/6
TRCR 92% 1/12
MEMY 51% - 12/21
CCOI 84% - 9/27
TTEC 81% - 8/25
BAM 59% - 11/17
AKAM 241% - 9/30/05
IHS 90% - 12/21
ICE 80% - 9/21
Friday, January 26, 2007
Today Was The Exact Opposite Of Yesterday, As The Market Stages One Ugly Reversal; Mixed Volume Leaves Things A Bit Ambiguous.
Market Commentary At Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date
PTT 247% - 11/16
AKAM 241% - 9/30/05
KNOL 204% - 1/12/06
SVNT 150% - 8/24
AOB 127% - 9/12
MA 125% - 8/2
CHINA 95% - 8/16
OMTR 95% - 9/15
JST 91% - 10/13
CCOI 83% - 9/27
TTEC 83% - 8/25
ICE 81% - 9/21
IGLD 80% - 10/26
MEH 79% - 8/30
TRCR 74% - 1/12
ACP 71% - 11/13
HMSY 64% - 6/23
HRT 69% - 10/23
CPA 67% - 9/15
STEC 66% - 8/17
BAM 58% - 11/17/05
FTEK 56% - 10/6
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date
PTT 247% - 11/16
AKAM 241% - 9/30/05
KNOL 204% - 1/12/06
SVNT 150% - 8/24
AOB 127% - 9/12
MA 125% - 8/2
CHINA 95% - 8/16
OMTR 95% - 9/15
JST 91% - 10/13
CCOI 83% - 9/27
TTEC 83% - 8/25
ICE 81% - 9/21
IGLD 80% - 10/26
MEH 79% - 8/30
TRCR 74% - 1/12
ACP 71% - 11/13
HMSY 64% - 6/23
HRT 69% - 10/23
CPA 67% - 9/15
STEC 66% - 8/17
BAM 58% - 11/17/05
FTEK 56% - 10/6
Wednesday, January 24, 2007
Stocks Show Why It Is Silly To Short The Market Before A Clear Downtrend Is In Place.
Market Commentary At Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date
PTT 247% - 11/16
AKAM 241% - 9/30/05
SVNT 150% - 8/24
AOB 125% - 9/12
MA 125% - 8/2
CHINA 95% - 8/16
OMTR 95% - 9/15
JST 91% - 10/13
CCOI 83% - 9/27
TTEC 83% - 8/25
ICE 81% - 9/21
IGLD 79% - 10/26
ACP 71% - 11/13
HMSY 61% - 6/23
HRT 69% - 10/23
CPA 67% - 9/15
STEC 66% - 8/17
BAM 58% - 11/17/05
TRCR 55% - 1/12
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date
PTT 247% - 11/16
AKAM 241% - 9/30/05
SVNT 150% - 8/24
AOB 125% - 9/12
MA 125% - 8/2
CHINA 95% - 8/16
OMTR 95% - 9/15
JST 91% - 10/13
CCOI 83% - 9/27
TTEC 83% - 8/25
ICE 81% - 9/21
IGLD 79% - 10/26
ACP 71% - 11/13
HMSY 61% - 6/23
HRT 69% - 10/23
CPA 67% - 9/15
STEC 66% - 8/17
BAM 58% - 11/17/05
TRCR 55% - 1/12
Tuesday, January 23, 2007
Stocks Fall Hard But Find Support Around Mid-Day; Lower Volume Prevents Another Distribution Day.
Market Commentary At Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date
SVNT 138% - 8/24
AOB 122% - 9/12
MA 117% - 8/2
OMTR 88% - 9/15
GVP 84% - 11/20
IGLD 84% - 10/26
HRT 62% - 10/23
STEC 61% - 8/17
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date
SVNT 138% - 8/24
AOB 122% - 9/12
MA 117% - 8/2
OMTR 88% - 9/15
GVP 84% - 11/20
IGLD 84% - 10/26
HRT 62% - 10/23
STEC 61% - 8/17
Saturday, January 20, 2007
Afternoon Rally Gives Stocks Support, Off Of Yesterday’s Selloff; Nasdaq Holds Its 50 DMA, SP 600 Regains Key Line.
Market Commentary At Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date:
PTT 242%
AKAM 239%
KNOL 186%
CVO 158%
SVNT 137%
MA 111%
CHINA 93%
IHS 91%
TTEC 82%
IGLD 77%
CCOI 75%
CPA 74%
HMSY 62%
HRT 56%
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date:
PTT 242%
AKAM 239%
KNOL 186%
CVO 158%
SVNT 137%
MA 111%
CHINA 93%
IHS 91%
TTEC 82%
IGLD 77%
CCOI 75%
CPA 74%
HMSY 62%
HRT 56%
Thursday, January 18, 2007
Nasdaq Suffers A Distribution Day, As Stocks Fall Across The Board; Big Caps Hold Ground.
Market Commentary at Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date:
PTT 267% - 11/16
CVO 154% - 8/18/05
AOB 145% - 9/12
SVNT 143% - 8/24
MA 119% - 8/2
BRLC 94% - 9/27
JST 93% - 10/13
STEC 90% - 8/17
ICE 77% - 9/21
IGLD 76% - 10/24
ACP 74% - 11/13
HMSY 64% - 6/23
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Longs Up On The Day: Gold Level Three
Shorts Up On The Day: Gold Level Three
Top Holdings Up On The Day - Signal Date:
PTT 267% - 11/16
CVO 154% - 8/18/05
AOB 145% - 9/12
SVNT 143% - 8/24
MA 119% - 8/2
BRLC 94% - 9/27
JST 93% - 10/13
STEC 90% - 8/17
ICE 77% - 9/21
IGLD 76% - 10/24
ACP 74% - 11/13
HMSY 64% - 6/23
Tuesday, January 16, 2007
Stocks End Mixed, After The Three Day Weekend; Leading Stocks Outperform Again.
Market Commentary At Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses Taken: Gold Level Three
Partial Profits/Losses Taken: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Top Stocks On Tuesday -- Signal Date:
AKAM 245%-9/30/05
KNOL 184%-1/12/06
AOB 143%-9/12
SVNT 135%-8/24
MA 113%-8/2
OMTR 101%-9/15
CHINA 100%-8/18
MEH 95%-8/30
JST 87%-10/13
STEC 85%-8/17
TTEC 83%-8/25
CPA 79%-9/15
IGLD 74%-10/27
HRZ 69%-9/27
MALL 69%-11/6
HMSY 63%-6/23
FTEK 63%-10/6
MEMY 58%-12/21
HRT 54%-10/23
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Watchlist: Gold Level Three
Complete Profits/Losses Taken: Gold Level Three
Partial Profits/Losses Taken: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader Chat Room: Gold Level Three
Top Stocks On Tuesday -- Signal Date:
AKAM 245%-9/30/05
KNOL 184%-1/12/06
AOB 143%-9/12
SVNT 135%-8/24
MA 113%-8/2
OMTR 101%-9/15
CHINA 100%-8/18
MEH 95%-8/30
JST 87%-10/13
STEC 85%-8/17
TTEC 83%-8/25
CPA 79%-9/15
IGLD 74%-10/27
HRZ 69%-9/27
MALL 69%-11/6
HMSY 63%-6/23
FTEK 63%-10/6
MEMY 58%-12/21
HRT 54%-10/23
Friday, January 12, 2007
Stocks Finish The Week With More Strong Gains; Nasdaq Follows Through On Thursday’s Breakout.
Market Commentary at Big Wave Trading. Bronze Level One.
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Radar Screen: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
Stocks Up On The Day: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader ChatRoom: Gold Level Three
Top Stocks Since Purchase/Signal Date:
AKAM 244% - 9/30/05
CVO 155% - 8/18/05
SVNT 132% - 8/24
IHS 99% - 12/21/05
OMTR 95% - 9/15
MEH 91% - 8/30
TTEC 82% - 8/25
GVP 81% - 11/20
CCOI 80% - 9/27
STEC 78% - 8/17
CPA 73% - 9/15
FTEK 57% - 10/6
MALL 55% - 11/6
TYL 54% - 2/1
ACP 59% - 11/13
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On My Radar Screen: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
Stocks Up On The Day: Gold Level Three
MauiTrader Forums: Gold Level Three
MauiTrader ChatRoom: Gold Level Three
Top Stocks Since Purchase/Signal Date:
AKAM 244% - 9/30/05
CVO 155% - 8/18/05
SVNT 132% - 8/24
IHS 99% - 12/21/05
OMTR 95% - 9/15
MEH 91% - 8/30
TTEC 82% - 8/25
GVP 81% - 11/20
CCOI 80% - 9/27
STEC 78% - 8/17
CPA 73% - 9/15
FTEK 57% - 10/6
MALL 55% - 11/6
TYL 54% - 2/1
ACP 59% - 11/13
Thursday, January 11, 2007
Oil’s Collapse Helps Lift All Indexes On Higher Volume; Nassy Near Six-Year Highs
Market Commentary At Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On Radar: Gold Level Three
Complete Sells: Gold Level Three
Partial Sells: Gold Level Three
Longs Up On The Day: Gold Level Three
Chatroom: Gold Level Three
Forums: Gold Level Three
Top Stocks Since Purchase--Signal Date:
PTT 247%--11/16
AKAM 244%--9/30/05
KNOL 184%--1/12
MAMA 143%--12/8
SVNT 127%--8/24
MA 111%--8/2
IHS 93%--12/21/05
CHINA 90%--8/17
MEH 90%--8/30
OMTR 89%--9/15
SOFO 84%--9/29
JST 84%--10/13
CLEC 82%--9/25
TTEC 81%--8/25
ICE 81%--9/29
CCOI 77%--9/27
CPA 73%--9/15
GVP 68%--11/20
HMSY 66%--6/23
ACP 54%--11/13
FTEK 51%--10/9
TYL 50%--2/1
MEMY 53%--12/21
BAM 51%--11/17/05
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On Radar: Gold Level Three
Complete Sells: Gold Level Three
Partial Sells: Gold Level Three
Longs Up On The Day: Gold Level Three
Chatroom: Gold Level Three
Forums: Gold Level Three
Top Stocks Since Purchase--Signal Date:
PTT 247%--11/16
AKAM 244%--9/30/05
KNOL 184%--1/12
MAMA 143%--12/8
SVNT 127%--8/24
MA 111%--8/2
IHS 93%--12/21/05
CHINA 90%--8/17
MEH 90%--8/30
OMTR 89%--9/15
SOFO 84%--9/29
JST 84%--10/13
CLEC 82%--9/25
TTEC 81%--8/25
ICE 81%--9/29
CCOI 77%--9/27
CPA 73%--9/15
GVP 68%--11/20
HMSY 66%--6/23
ACP 54%--11/13
FTEK 51%--10/9
TYL 50%--2/1
MEMY 53%--12/21
BAM 51%--11/17/05
Stock Market Indexes Take Off After An Early Choppy Session, Closing Near The Highs Of The Session
Market Commentary at Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On Radar: Gold Level Three
Complete Sells: Gold Level Three
Partial Sells: Gold Level Three
Longs Up On The Day: Gold Level Three
Top Stocks Since Purchase--Signal Date:
ICE 80%--9/29
HMSY 61%--7/19
PTT 172%--11/16
IGLD 72%--10/27
AOB 141%--7/12
CHINA 88%--8/18
CPA 71%--9/15
AKAM 254%--9/30/05
STEC 76%--8/17
SVNT 120%--8/24
TTEC 80%--8/25
MEH 83%--8/30
GVP 56%--11/20
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On Radar: Gold Level Three
Complete Sells: Gold Level Three
Partial Sells: Gold Level Three
Longs Up On The Day: Gold Level Three
Top Stocks Since Purchase--Signal Date:
ICE 80%--9/29
HMSY 61%--7/19
PTT 172%--11/16
IGLD 72%--10/27
AOB 141%--7/12
CHINA 88%--8/18
CPA 71%--9/15
AKAM 254%--9/30/05
STEC 76%--8/17
SVNT 120%--8/24
TTEC 80%--8/25
MEH 83%--8/30
GVP 56%--11/20
Tuesday, January 09, 2007
Stocks End Mixed On Heavy Volume; Possible Churning?
Market Commentary Before Opening Bell at Big Wave Trading. Bronze Level One
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On Radar: Gold Level Three
Longs Up On The Day: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
Top Stocks Up On The Day--Purchase Date:
PTT 158%--11/16
AOB 132%--9/12
SVNT-117%--8/24
MA 111%--8/2
KNOL-180%--1/12/06
IGLD 66%--10/27
TTEC 80%--8/25
CPA 67%--9/15
INWK 50%--8/28
MEH 71%--8/30
SOFO 78%--9/29
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On Radar: Gold Level Three
Longs Up On The Day: Gold Level Three
Complete Profits/Losses: Gold Level Three
Partial Profits/Losses: Gold Level Three
Top Stocks Up On The Day--Purchase Date:
PTT 158%--11/16
AOB 132%--9/12
SVNT-117%--8/24
MA 111%--8/2
KNOL-180%--1/12/06
IGLD 66%--10/27
TTEC 80%--8/25
CPA 67%--9/15
INWK 50%--8/28
MEH 71%--8/30
SOFO 78%--9/29
Monday, January 08, 2007
Stocks Post Gains Across The Board, With Choppy Trading; Lower Volume Lessens Impact Of Gains.
Market Commentary At BIG WAVE TRADING. Bronze Level One
Big Winners In The Portfolio Up On The Day -- date of purchase:
PTT 157% -- 11/16
SVNT 106% -- 8/24
TTEC 74% -- 8/25
HMSY 55% -- 6/23
CPA 64% -- 9/15
FTEK 53% -- 10/9
JST 76% -- 10/13
ICE 67% -- 9/21
NWK 50% -- 10/20
MEMY 50% -- 12/21
CCOI 56% -- 9/27
CHINA 86% -- 8/17
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On Radar: Gold Level Three
Complete Sells: Gold Level Three
Partial Sells: Gold Level Three
Big Winners In The Portfolio Up On The Day -- date of purchase:
PTT 157% -- 11/16
SVNT 106% -- 8/24
TTEC 74% -- 8/25
HMSY 55% -- 6/23
CPA 64% -- 9/15
FTEK 53% -- 10/9
JST 76% -- 10/13
ICE 67% -- 9/21
NWK 50% -- 10/20
MEMY 50% -- 12/21
CCOI 56% -- 9/27
CHINA 86% -- 8/17
New Swing Longs: Silver Level Two
New Swing Shorts: Silver Level Two
Stocks On Radar: Gold Level Three
Complete Sells: Gold Level Three
Partial Sells: Gold Level Three
Saturday, January 06, 2007
Stocks Refuse To Follow-Through On Thursday's Price Gains.
Market Commentary at Big Wave Trading. Bronze Level One.
Some Of The Big Winners In The Portfolio Up On The Day:
PTT 143%-- 11/16-current
BRLC 132%--9/27-current
MAMA 131%--12/08-current
ICE 65%--9/29-current
TTEC 71%--8/25-current
New Swing Longs: Level Two Silver
New Swing Shorts: Level Two Silver
Longs On Radar Screen: Level Three Gold
Longs Up On The Day In Portfolio: Level Three Gold
Partial Profits/Losses Must Be Taken: Level Three Gold
Complete Profits/Losses Must Be Taken: Level Three Gold
Some Of The Big Winners In The Portfolio Up On The Day:
PTT 143%-- 11/16-current
BRLC 132%--9/27-current
MAMA 131%--12/08-current
ICE 65%--9/29-current
TTEC 71%--8/25-current
New Swing Longs: Level Two Silver
New Swing Shorts: Level Two Silver
Longs On Radar Screen: Level Three Gold
Longs Up On The Day In Portfolio: Level Three Gold
Partial Profits/Losses Must Be Taken: Level Three Gold
Complete Profits/Losses Must Be Taken: Level Three Gold
Thursday, January 04, 2007
Stocks Rally On Techs Leadership; Panic Selling/Shorting Yesterday Comes Back To Hurt The Bears.
Market Commentary at Big Wave Trading. Bronze Level 1
Top Current Holdings Up Today And Holding Period:
AKAM-234%--one year and three months
PTT-131%--one and a half months
MAMA-119%--three and a half weeks
AOB-114%--four months
IHS-106%--one year two weeks
BRLC-105%--three months one week
MA-104%-- five months
CHINA-90%--four and a half months
OMTR-77%--three and a half months
IGLD-73%--two months and one week
TTEC-67%--four and a half months
GVP-63%--one and a half months
ICE-61%--three and a half months
CPA-56%--three months and three weeks
INWK-50%--four months and one week
New Swing Longs: Silver Level 2
New Swing Shorts: Silver Level 2
Stocks On Radar: Gold Level 3
Longs Up In Portfolio: Gold Level 3
Complete Sells: Gold Level 3
Partial Sells: Gold Level 3
Top Current Holdings Up Today And Holding Period:
AKAM-234%--one year and three months
PTT-131%--one and a half months
MAMA-119%--three and a half weeks
AOB-114%--four months
IHS-106%--one year two weeks
BRLC-105%--three months one week
MA-104%-- five months
CHINA-90%--four and a half months
OMTR-77%--three and a half months
IGLD-73%--two months and one week
TTEC-67%--four and a half months
GVP-63%--one and a half months
ICE-61%--three and a half months
CPA-56%--three months and three weeks
INWK-50%--four months and one week
New Swing Longs: Silver Level 2
New Swing Shorts: Silver Level 2
Stocks On Radar: Gold Level 3
Longs Up In Portfolio: Gold Level 3
Complete Sells: Gold Level 3
Partial Sells: Gold Level 3
Wednesday, January 03, 2007
Stocks Start The New Year With A Nasty Intraday Reversal.
Market Commentary Before Opening Bell at Big Wave Trading.
Level 1 Bronze
New Swing Longs: Level 2 Silver
New Swing Shorts: Level 2 Silver
Stocks Up On The Day: Level 3 Gold
Stocks On Radar: Level 3 Gold
Complete Sells: Level 3 Gold
Partial Sells: Level 3 Gold
Level 1 Bronze
New Swing Longs: Level 2 Silver
New Swing Shorts: Level 2 Silver
Stocks Up On The Day: Level 3 Gold
Stocks On Radar: Level 3 Gold
Complete Sells: Level 3 Gold
Partial Sells: Level 3 Gold
Saturday, December 30, 2006
Happy New Year!; Markets Produce A Distribution Day On The Last Trading Day Of 2006.
THIS IS THE VERY LAST FREE "DAILY MARKET ANALYSIS and NEW SWING LONGS/SHORTS" POST ON THIS BLOG.
On the very last trading day of the year, stocks decided to end the year on a slightly nasty note, offering distribution days across the board. There was no news catalyst on this Friday the last trading day of 2006. The only possible reason for the selling that was floating around the street was the fact that traders might not want to be long over the long weekend. My question is: wouldn't they also not want to be short? Oh well.
At the close, the SP 600 led stocks lower with a .9% hit, the SP 500 gave up .5%, the Nasdaq lost .4%, and the DJIA being the leader it is only lost .3%. Leading stocks joined the SP 600, leading to the downside. The IBD 100 and IBD 85-85 index both fell .8%.
Volume was higher on the NYSE and the Nasdaq, giving both indexes a distribution day. Volume came in well below the 50 day volume average, continuing the trend of volume this Holiday short week. This is the first day of distribution on the NYSE in the past four weeks and was the third disribution day in four weeks on the Nasdaq.
Normally, the selling wouldn't bother me but the fact that volume grew on a day when volume should have come in lighter and the fact that the indexes finished at or near the lows of the day throws up some warning signals to watch out for further weakness as we head into the new year.
Breadth was negative on the NYSE by a 5-to-3 margin and negative on the Nasdaq by a 3-to-2 margin. It was not that bad, considering the losses on the SP 600 and IBD 100.
Overall, it was a solid week. The DJIA gained 1%, the SP 600 rallied .8%, the Nasdaq gained .6%, and the SP 500 rose .5%. Even though I wanted a light volume pullback and did not get it, the small gains offer comfort that the bulls didn't shoot the lights out only to have the bears knock them back down. Also if we combine the last two weeks, you can see the market pulled back, across the board, on low volume. PERFECT...so far.
For the year, it doesn't get much better than what we witnessed. The DJIA was up 16%, the SP 500 and SP 600 rose 13%, and the Nasdaq gained 9%. Personally, for me, I still consider it a disappointing year as HOT stocks did not act like HOT stocks normally act during a strong bull market. The rally from the June-Aug lows did not have the same kind of explosive growth as in normally seen in bull cycles. However, in an environment of lower volatility (check the VIX), overall, this is to be expected.
This was a tought year, for your's truly. I have managed only a 40% return and that is borderline shameful if you ask me. I had way too many great stocks make 100% plus runs left and right but by taking too much risk in cheap/loser stocks under $10 and not concentrating more into the beautiful high quality charts my portfolio suffered.
As the year went on I did adjust and went back to my style of 2003. Where I would take up to 3-5% of the best stocks and buy less of the cheap beauties. It did work out well, after the market started moving higher again in July. But because the rally was so iffy, I did not concentrate money like I normally do at the beginning of a "real" rally.
The rally off the October 2005 bottom offered TONS of quality stocks offering 100% plus gains left and right. This rally from July did not. Why? Because big caps led. Big caps simply do not rocket the way smaller stocks do and that is what happened. The lack of leadership by leading stocks off the July lows hurt my year end performance.
However, thanks to a great rally from October to May, I was able to beat the market by 2x the return of the top index. That has always been my goal and continues to be. Also the goal is to finish within the top 5% of growth mutual funds. If I do these things, every year, I am happy. For the fifth year in a row I am very happy.
This was a wild market this year with not a lot of volatility but a lot of confusion. The constant political backdrop, without a doubt, had a major impact. The liberal media continued to bash everything about the economy and that caused MANY people to doubt the market and miss out on another year of gains. Just like they did in 2003. The "I hate GWB" crowd never gets it right. And they definitely got it wrong this year just like they got it wrong in 2003 when they said his tax cuts would wreck the economy. WRONG AGAIN. LIKE ALWAYS!!
If you stayed disciplined, cut losses, let your winners run, and ignored the liberal media, you without a doubt had a great year. Next year should treat you right, as long as you keep playing by those disciplined rules. Proper buy and sell rules will ALWAYS beat opinions. Remember, opinions are like assholes...we all have them, they stink, and nothing but shit comes from them.
There is a point James "RevShark" DePorre made in his realmoney.com blog post that I want to re-post here because it is the truth: "Although the indices were up nicely in 2006 it was not an easy year for market participants. The character of the advance was quite different than anything we have seen in the last 10 years and it caught many folks by surprise. The average hedge fund failed to outperform, as did many individuals. In general there was a lot of underperformance this year."
If you followed me at all this year, you can go to my blog and review my post on every twist and turn the market gave this year. I was there and took the appropriate action EVERY time. It has been this way since 2000 and it will never change. I never pay attention to anything anybody ever says. I take all my clues from the market. And if you have been reading this blog since March 2005, you will see I just simply never missed a turn by simply reading the general stock market indexes and looking at leading stocks everyday.
This will never change and the market will always give EVERYBODY profits if they just learn how to go with the trend and learn the important battles rules that are necessary to get this game down.
It is like everything else in life. The more time and effort you put into something the better you will do at it. Trading stocks is the same way. If you follow the CANSLIM rules and practice over and over you will eventually become a very powerful individual investor. If my dumb-ass can do it. You can do it. I have no college education. My only education came from the school of hard knocks. The tuition was much lower than what you paid to go to college and grad school, trust me.
With that I want to wish everyone a great 2007. This is the last free post EVER on this blog. I want to thank everyone for reading and I hope I see you at the paid site. It is not that expensive and if you can not afford $100 a month for convo or $60 a month for stock picks...well son you shouldn't be trading stocks at all then.
Aloha, God bless, thank you everyone for all your fantastic support and comments along the way. I wish you agreat 2007. AAALLLOOOHHHAAAA!!!!!!!!!!!!
I will see you at the new Investors Paradise. It is not up yet, but by Wednesday we will be ready to go. ALOHA!!
The stock market will be closed not only on Monday but on Tuesday as well, next week. In observance of former President Gerald Ford's funeral. This will be first incident of markets closing for four days since the disgusting terrorist attacks of September 11, 2001. This time, however, you can enjoy the market's closure. I know I will.
Investors Paradise.
New Swing Longs: AZL CAAS GOAM
Adding To Longs: AOI
Longs Up On The Day: PTT-131 JST-95 ININ-28 BMA-35 PCCC-34 CHINA-83 STEC-92 CXW-34 AOI-38 DECK-27 BAM-54 AMOT SMOD SRSL CVLT JSDA BTJ UAUA SQM IWOV IMKTA CCCO CNH IFOX PCC AMSF ACTU AB NRF NU ISLN MBLX ACHN HINT EXLS LYTS CRNT ONT CTDC NHP STZ ZNH MXIC WGA INMD OME EPHC ABCB RIV
Stocks That Caught My Eye But I Don' Want To Be Long: ENCO ICON PMD GMKT TPTX DBTK DVR BRR CRZ DEI NETC GT EDA ANO HELE AIXG CPY
Partial Profits/Losses Need To Be Taken: WSH WAUW PSMT RVSB AOB IMGN TRBN OSIR SVNT TGEN
Complete Profits/Losses Need To Be Taken: AW CBF LCC
On the very last trading day of the year, stocks decided to end the year on a slightly nasty note, offering distribution days across the board. There was no news catalyst on this Friday the last trading day of 2006. The only possible reason for the selling that was floating around the street was the fact that traders might not want to be long over the long weekend. My question is: wouldn't they also not want to be short? Oh well.
At the close, the SP 600 led stocks lower with a .9% hit, the SP 500 gave up .5%, the Nasdaq lost .4%, and the DJIA being the leader it is only lost .3%. Leading stocks joined the SP 600, leading to the downside. The IBD 100 and IBD 85-85 index both fell .8%.
Volume was higher on the NYSE and the Nasdaq, giving both indexes a distribution day. Volume came in well below the 50 day volume average, continuing the trend of volume this Holiday short week. This is the first day of distribution on the NYSE in the past four weeks and was the third disribution day in four weeks on the Nasdaq.
Normally, the selling wouldn't bother me but the fact that volume grew on a day when volume should have come in lighter and the fact that the indexes finished at or near the lows of the day throws up some warning signals to watch out for further weakness as we head into the new year.
Breadth was negative on the NYSE by a 5-to-3 margin and negative on the Nasdaq by a 3-to-2 margin. It was not that bad, considering the losses on the SP 600 and IBD 100.
Overall, it was a solid week. The DJIA gained 1%, the SP 600 rallied .8%, the Nasdaq gained .6%, and the SP 500 rose .5%. Even though I wanted a light volume pullback and did not get it, the small gains offer comfort that the bulls didn't shoot the lights out only to have the bears knock them back down. Also if we combine the last two weeks, you can see the market pulled back, across the board, on low volume. PERFECT...so far.
For the year, it doesn't get much better than what we witnessed. The DJIA was up 16%, the SP 500 and SP 600 rose 13%, and the Nasdaq gained 9%. Personally, for me, I still consider it a disappointing year as HOT stocks did not act like HOT stocks normally act during a strong bull market. The rally from the June-Aug lows did not have the same kind of explosive growth as in normally seen in bull cycles. However, in an environment of lower volatility (check the VIX), overall, this is to be expected.
This was a tought year, for your's truly. I have managed only a 40% return and that is borderline shameful if you ask me. I had way too many great stocks make 100% plus runs left and right but by taking too much risk in cheap/loser stocks under $10 and not concentrating more into the beautiful high quality charts my portfolio suffered.
As the year went on I did adjust and went back to my style of 2003. Where I would take up to 3-5% of the best stocks and buy less of the cheap beauties. It did work out well, after the market started moving higher again in July. But because the rally was so iffy, I did not concentrate money like I normally do at the beginning of a "real" rally.
The rally off the October 2005 bottom offered TONS of quality stocks offering 100% plus gains left and right. This rally from July did not. Why? Because big caps led. Big caps simply do not rocket the way smaller stocks do and that is what happened. The lack of leadership by leading stocks off the July lows hurt my year end performance.
However, thanks to a great rally from October to May, I was able to beat the market by 2x the return of the top index. That has always been my goal and continues to be. Also the goal is to finish within the top 5% of growth mutual funds. If I do these things, every year, I am happy. For the fifth year in a row I am very happy.
This was a wild market this year with not a lot of volatility but a lot of confusion. The constant political backdrop, without a doubt, had a major impact. The liberal media continued to bash everything about the economy and that caused MANY people to doubt the market and miss out on another year of gains. Just like they did in 2003. The "I hate GWB" crowd never gets it right. And they definitely got it wrong this year just like they got it wrong in 2003 when they said his tax cuts would wreck the economy. WRONG AGAIN. LIKE ALWAYS!!
If you stayed disciplined, cut losses, let your winners run, and ignored the liberal media, you without a doubt had a great year. Next year should treat you right, as long as you keep playing by those disciplined rules. Proper buy and sell rules will ALWAYS beat opinions. Remember, opinions are like assholes...we all have them, they stink, and nothing but shit comes from them.
There is a point James "RevShark" DePorre made in his realmoney.com blog post that I want to re-post here because it is the truth: "Although the indices were up nicely in 2006 it was not an easy year for market participants. The character of the advance was quite different than anything we have seen in the last 10 years and it caught many folks by surprise. The average hedge fund failed to outperform, as did many individuals. In general there was a lot of underperformance this year."
If you followed me at all this year, you can go to my blog and review my post on every twist and turn the market gave this year. I was there and took the appropriate action EVERY time. It has been this way since 2000 and it will never change. I never pay attention to anything anybody ever says. I take all my clues from the market. And if you have been reading this blog since March 2005, you will see I just simply never missed a turn by simply reading the general stock market indexes and looking at leading stocks everyday.
This will never change and the market will always give EVERYBODY profits if they just learn how to go with the trend and learn the important battles rules that are necessary to get this game down.
It is like everything else in life. The more time and effort you put into something the better you will do at it. Trading stocks is the same way. If you follow the CANSLIM rules and practice over and over you will eventually become a very powerful individual investor. If my dumb-ass can do it. You can do it. I have no college education. My only education came from the school of hard knocks. The tuition was much lower than what you paid to go to college and grad school, trust me.
With that I want to wish everyone a great 2007. This is the last free post EVER on this blog. I want to thank everyone for reading and I hope I see you at the paid site. It is not that expensive and if you can not afford $100 a month for convo or $60 a month for stock picks...well son you shouldn't be trading stocks at all then.
Aloha, God bless, thank you everyone for all your fantastic support and comments along the way. I wish you agreat 2007. AAALLLOOOHHHAAAA!!!!!!!!!!!!
I will see you at the new Investors Paradise. It is not up yet, but by Wednesday we will be ready to go. ALOHA!!
The stock market will be closed not only on Monday but on Tuesday as well, next week. In observance of former President Gerald Ford's funeral. This will be first incident of markets closing for four days since the disgusting terrorist attacks of September 11, 2001. This time, however, you can enjoy the market's closure. I know I will.
Investors Paradise.
New Swing Longs: AZL CAAS GOAM
Adding To Longs: AOI
Longs Up On The Day: PTT-131 JST-95 ININ-28 BMA-35 PCCC-34 CHINA-83 STEC-92 CXW-34 AOI-38 DECK-27 BAM-54 AMOT SMOD SRSL CVLT JSDA BTJ UAUA SQM IWOV IMKTA CCCO CNH IFOX PCC AMSF ACTU AB NRF NU ISLN MBLX ACHN HINT EXLS LYTS CRNT ONT CTDC NHP STZ ZNH MXIC WGA INMD OME EPHC ABCB RIV
Stocks That Caught My Eye But I Don' Want To Be Long: ENCO ICON PMD GMKT TPTX DBTK DVR BRR CRZ DEI NETC GT EDA ANO HELE AIXG CPY
Partial Profits/Losses Need To Be Taken: WSH WAUW PSMT RVSB AOB IMGN TRBN OSIR SVNT TGEN
Complete Profits/Losses Need To Be Taken: AW CBF LCC
Thursday, December 28, 2006
Boring Most Traders To Death, Stocks Pullback, Ever So Slightly, On Mixed Volume.
Stocks ended their two-day win streak, Thursday, as a spate of economic numbers did nothing to help prop up the indexes. The existing home numbers came in stronger, the Chicago purchasing index came in stronger, and the Conference Board's consumer confidence index came in with a 109 reading. All of this might have helped keep stocks from losing ground but the bottom line is that a pullback on lower volume is not that big of a deal.
At the close, the SP 600 led to the downside with a .3% loss, the Nasdaq pulled back .2%, the SP 500 lost .15%, and the DJIA held up the best losing only .1%. The IBD 100 and leading stocks led the way giving up less than .01%.
Volume was a tad bit higher on the Nasdaq. However, the index came back from its lows of the day so there is no distribution there. Volume was lower on the NYSE, just what you want to see on a pullback. Volume is still well below average on this Holiday week on Wall Street.
Breadth was negative on the NYSE by a 9-to-7 margin and negative on the Nasdaq by a 3-to-2 margin.
Today was just basically a day of working off the short term post-Christmas rally condition with some back and filling. There is really nothing to gain and/or figure out on a day where stocks go nowhere on no volume. It is just plain silly and really is just filler.
The real news to me is the Steve Jobs options fiasco. Reports noted a charge that the company allegedly gave CEO Steve Jobs 7.5 million stock options in 2001 without board approval.This is just another incident of corporate greed that makes the stock market look like the unfriendly place to put money. I know better and you know better but I have already talked to two people who started the conversation with "how can anyone trust the stock market when..." This is such an irresponsible move by a man who has had his stock price score some incredible gains. AAPL is and was a CANSLIM quality stock. However, Steve Jobs appears to be less than a CANSLIM quality executive.
AAPL is up some 800% since he received those options so I am sure he is doing quite well with all that he has made on this transaction. No matter, if you were long AAPL, you really don't care that he did this because you enjoyed part of the huge run-up. AAPL is up over 500% since the correct breakout from its first proper base as a CANSLIM quality stock.
Trading should be much slower tomorrow as most traders will start the weekend early and possibly even get a longer weekend if the NYSE respects President George W. Bush's wishes in the nation serving a day in national mourning over the passing of the 38th U.S. President Gerald Ford. However, as Rev noted the NYSE has a history of not giving too many free vacations. Former President Ronald Reagan was definitely deserving of a closing and I am glad they did that.
Aloha and I will see you at Investors Paradise.
New Swing Longs: TD CRNT
Adding To Longs: CHINA IGLD SNCR HINT NMGC
Longs Up On The Day (low vol non-IBD excluded): CHINA-81 IGLD-73 HRT-33 PTT-113 IIVI-35 AOI-36 ICE-45 AOB-111 IIG-27 APLX-29 STEC-89 CPA-50 TTEC-64 JST-86 FTEK-44 BMA-31 CLRT-34 BAM-53 ININ CMT VEH IMA AMOT GLDN IMKTA ASCA LRCX CACB COH SKX BTJ OTEX BOT PCC LINTA LFL NYX JCG SNCR HINT IPHS ONT NMGC ISSC BITI HAUP SEAC SNDA OEH EPHC BPHX PRCP
Stocks On Radar Screen: HMIN GSOL ACN ENCO FSLR MVE ASIA GNVC ANO CTCH SVM SI TRP SPI CDZI WHIT CPD AIXG
Partial Sells: ACGL CBF APRO ZNH QD TGEN ALTH ISLN INMD
Complete Sells: AEZ ALXN FORR
At the close, the SP 600 led to the downside with a .3% loss, the Nasdaq pulled back .2%, the SP 500 lost .15%, and the DJIA held up the best losing only .1%. The IBD 100 and leading stocks led the way giving up less than .01%.
Volume was a tad bit higher on the Nasdaq. However, the index came back from its lows of the day so there is no distribution there. Volume was lower on the NYSE, just what you want to see on a pullback. Volume is still well below average on this Holiday week on Wall Street.
Breadth was negative on the NYSE by a 9-to-7 margin and negative on the Nasdaq by a 3-to-2 margin.
Today was just basically a day of working off the short term post-Christmas rally condition with some back and filling. There is really nothing to gain and/or figure out on a day where stocks go nowhere on no volume. It is just plain silly and really is just filler.
The real news to me is the Steve Jobs options fiasco. Reports noted a charge that the company allegedly gave CEO Steve Jobs 7.5 million stock options in 2001 without board approval.This is just another incident of corporate greed that makes the stock market look like the unfriendly place to put money. I know better and you know better but I have already talked to two people who started the conversation with "how can anyone trust the stock market when..." This is such an irresponsible move by a man who has had his stock price score some incredible gains. AAPL is and was a CANSLIM quality stock. However, Steve Jobs appears to be less than a CANSLIM quality executive.
AAPL is up some 800% since he received those options so I am sure he is doing quite well with all that he has made on this transaction. No matter, if you were long AAPL, you really don't care that he did this because you enjoyed part of the huge run-up. AAPL is up over 500% since the correct breakout from its first proper base as a CANSLIM quality stock.
Trading should be much slower tomorrow as most traders will start the weekend early and possibly even get a longer weekend if the NYSE respects President George W. Bush's wishes in the nation serving a day in national mourning over the passing of the 38th U.S. President Gerald Ford. However, as Rev noted the NYSE has a history of not giving too many free vacations. Former President Ronald Reagan was definitely deserving of a closing and I am glad they did that.
Aloha and I will see you at Investors Paradise.
New Swing Longs: TD CRNT
Adding To Longs: CHINA IGLD SNCR HINT NMGC
Longs Up On The Day (low vol non-IBD excluded): CHINA-81 IGLD-73 HRT-33 PTT-113 IIVI-35 AOI-36 ICE-45 AOB-111 IIG-27 APLX-29 STEC-89 CPA-50 TTEC-64 JST-86 FTEK-44 BMA-31 CLRT-34 BAM-53 ININ CMT VEH IMA AMOT GLDN IMKTA ASCA LRCX CACB COH SKX BTJ OTEX BOT PCC LINTA LFL NYX JCG SNCR HINT IPHS ONT NMGC ISSC BITI HAUP SEAC SNDA OEH EPHC BPHX PRCP
Stocks On Radar Screen: HMIN GSOL ACN ENCO FSLR MVE ASIA GNVC ANO CTCH SVM SI TRP SPI CDZI WHIT CPD AIXG
Partial Sells: ACGL CBF APRO ZNH QD TGEN ALTH ISLN INMD
Complete Sells: AEZ ALXN FORR
Wednesday, December 27, 2006
A Very Broad Rally, With Top Stocks Leading, Lifts All Markets; Volume Picks Up From Yesterday's Levels.
Stocks rose across the board, today, as the NYSE and the DJIA hit all-time closing highs. The reasons behind the gains are simple: more buyers than sellers. However, we always need an excuse and today's upbeat New Home Sales number seems to be good enough. If that isn't good enough for you, we can say we got a Patriotic lift off the passing of the 38th U.S. President, Gerald Ford. May he rest in peace.
At the closing bell, the SP 600 led the way with a 1.1% gain, the DJIA picked up .8%, and the SP 500 and Nasdaq rallied .7%. The big winners were the leaders. The IBD 100 rallied 1.8% and had 39 stocks in the index pick up gains of 2% or more. Clearly top stocks were top stocks today.
Volume was higher across the board but still well under the 50 day volume average. However, the higher volume on the gains is just what you want to see after the market fell on lower volume each day before Tuesday's session. This is proper volume action.
Breadth was remarkably strong with advancers beating decliners by a 3-to-1 margin on the NYSE and by a 7-to-3 margin on the Nasdaq.
It was another strong day for the market and if the market is telling us anything it is that trying to guess the top is a fools game. The bears have gotten it wrong again as the NYSE and DJIA prove with facts that the bears are still very wrong in trying to predict a top.
As long as the indexes are hitting all-time highs and holding above the 50 and 200 day moving averages there is no reason to even try to look for shorts. Longs are still doing better than shorts are on a relative performance basis and until the market turns its overall trends lower being long is the place to be. Just look at all the longs and how much they are up since the July/August follow through. Try to find me some stocks that did as well as half of those stocks with numbers after them.
It is possible the NYSE will close the market Friday in observance of the death of former U.S. President Gerald Ford. The NYSE normally closes its exchange on nationally recognized days of mourning following the passing of a President.
The 38th U.S. President was a good man and was the right man at the right time following the resignation of Richard Nixon. What he had to step into was more than what most people could deal with. He handled himself as well as they could have during his short time in office. God bless President Ford and may his soul R.I.P.
Aloha and I will see you at Investors Paradise.
This is the last week of this blog being free. Starting next week we move to a new site.
New Swing Longs: LOOK WFD ZNH WAUW CNR
Adding to Positions: SMOD IGLD MVIS EPHC
Longs Up On The Day (low vol non-IBD excluded): CVO-149 IIG-25 JST-86 INWK-53 PSPT-35 IHS-101 AKAM-241 IGLD-56 HMSY-37 AOB-106 LNET-25 STEC-88 HRT-29 ICE-42 BMA-31 CPA-49 AOI-33 SEIC-26 CXW-33 TTEC-64 DECK-27 IIVI-32 PCCC-33 DA-52 MA-98 OMTR-80 CLRT-32 HCSG-27 MAMA-132 BAM-51 NAVI-33 CMT SRSL BTJ SMOD CTCM GIFI BLUD LFL CNH ININ NYX NSTC HEI SKX NITE OMNI CACB HOS DIVX LCC IMKTA DLB IMA JCG GLDN INAP WTS VEH SQM FMCN ISE TSRA AMSF CAM RKT RBN PQ RTSX TMO IFOX LRCX VCLK BMC AB MVSN BOT NU CELG MAIL LINTA HINT OSIR VPFG IPHS HAUP LNUX ACTU ONT LYTS MVIS ISBC SNDA OEH ISSC RWT OME EPHC INMD
Stocks On Radar Screen: FRD NCTY DAKT GSOL CMTL MOCO TELN PENN SPI EFUT DEI ATN IPCS CHA PBH KNXA CRY ALU HYTM SCO ASIA BRG CPY PMD
Complete Sells: ILC KOG
Partial Sells: PMID INO
At the closing bell, the SP 600 led the way with a 1.1% gain, the DJIA picked up .8%, and the SP 500 and Nasdaq rallied .7%. The big winners were the leaders. The IBD 100 rallied 1.8% and had 39 stocks in the index pick up gains of 2% or more. Clearly top stocks were top stocks today.
Volume was higher across the board but still well under the 50 day volume average. However, the higher volume on the gains is just what you want to see after the market fell on lower volume each day before Tuesday's session. This is proper volume action.
Breadth was remarkably strong with advancers beating decliners by a 3-to-1 margin on the NYSE and by a 7-to-3 margin on the Nasdaq.
It was another strong day for the market and if the market is telling us anything it is that trying to guess the top is a fools game. The bears have gotten it wrong again as the NYSE and DJIA prove with facts that the bears are still very wrong in trying to predict a top.
As long as the indexes are hitting all-time highs and holding above the 50 and 200 day moving averages there is no reason to even try to look for shorts. Longs are still doing better than shorts are on a relative performance basis and until the market turns its overall trends lower being long is the place to be. Just look at all the longs and how much they are up since the July/August follow through. Try to find me some stocks that did as well as half of those stocks with numbers after them.
It is possible the NYSE will close the market Friday in observance of the death of former U.S. President Gerald Ford. The NYSE normally closes its exchange on nationally recognized days of mourning following the passing of a President.
The 38th U.S. President was a good man and was the right man at the right time following the resignation of Richard Nixon. What he had to step into was more than what most people could deal with. He handled himself as well as they could have during his short time in office. God bless President Ford and may his soul R.I.P.
Aloha and I will see you at Investors Paradise.
This is the last week of this blog being free. Starting next week we move to a new site.
New Swing Longs: LOOK WFD ZNH WAUW CNR
Adding to Positions: SMOD IGLD MVIS EPHC
Longs Up On The Day (low vol non-IBD excluded): CVO-149 IIG-25 JST-86 INWK-53 PSPT-35 IHS-101 AKAM-241 IGLD-56 HMSY-37 AOB-106 LNET-25 STEC-88 HRT-29 ICE-42 BMA-31 CPA-49 AOI-33 SEIC-26 CXW-33 TTEC-64 DECK-27 IIVI-32 PCCC-33 DA-52 MA-98 OMTR-80 CLRT-32 HCSG-27 MAMA-132 BAM-51 NAVI-33 CMT SRSL BTJ SMOD CTCM GIFI BLUD LFL CNH ININ NYX NSTC HEI SKX NITE OMNI CACB HOS DIVX LCC IMKTA DLB IMA JCG GLDN INAP WTS VEH SQM FMCN ISE TSRA AMSF CAM RKT RBN PQ RTSX TMO IFOX LRCX VCLK BMC AB MVSN BOT NU CELG MAIL LINTA HINT OSIR VPFG IPHS HAUP LNUX ACTU ONT LYTS MVIS ISBC SNDA OEH ISSC RWT OME EPHC INMD
Stocks On Radar Screen: FRD NCTY DAKT GSOL CMTL MOCO TELN PENN SPI EFUT DEI ATN IPCS CHA PBH KNXA CRY ALU HYTM SCO ASIA BRG CPY PMD
Complete Sells: ILC KOG
Partial Sells: PMID INO
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