February 2012
February 29, 2012 –
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RELATED TICKERS: MCD
, CMG
, DLTR
With this market most stocks have only gone straight up over the past two months, but below I've put together a list of stocks who are shining brighter than all the others. And No - I did not include Apple (AAPL) - that goes without saying, and the trade is so crowded and parabolic, you just know the carpet is going to be pulled out from underneath them. [more]
February 29, 2012 –
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RELATED TICKERS: GPL
, PEIX
, YOKU
In lieu of my daily trading plan, here are my day-trades to watch for today: GPL, PEIX, JMBA, DATE, YOKU
Here are the charts.
February 28, 2012 –
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RELATED TICKERS: SPY
, QQQ
, IWM
Economic Reports Due out (Times are EST): ICSC-Goldman Store Sales (7:45am), Durable Goods Orders (8:30am), Redbook (8:55am), S&P Case-Shiller HPI (9am), Consumer Confidence (10am), Richmond Fed Manufacturing Index (10am), State Street Investor Confidence Index (10am) [more]
February 27, 2012 –
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RELATED TICKERS: SPY
[more]
February 27, 2012 –
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RELATED TICKERS: CCL
, BXP
, GT
We open lower this morning, the bulls jump in dramatic fashion and pushes the market higher and higher...and higher, then it settles during the lunch hour and trades sideways. Now the question becomes, as we go into this afternoon, whether we rip higher like we saw last Thursday. I'm thinking we do, because that is the precedent that has been established at this point. [more]
February 27, 2012 –
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RELATED TICKERS: SPY
, DIA
, QQQ
Economic Reports Due out (Times are EST): Pending Home Sales Index (10am), Dallas Fed Manufacturing Survey (10:30am) [more]
February 23, 2012 –
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RELATED TICKERS: XLF
XLF and financials were were down more then the overall market yesterday as selling picked up in this sector. On Tuesday I mentioned to watch XLF because financial stocks lead this market and with yesterday's move it could be signalling some selling is coming. [more]
February 23, 2012 –
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RELATED TICKERS: ABC
, QIHU
, YGE
Just by the dip.... that's really all that you really need to know for the past 2 months and counting. Ultimately it leads to complacency and then a lot of people, who thought the strategy would work forever, getting burned pretty darn good. Because when the market starts to drop (and trust me, it always does...eventually) people insist on buying the dip all the way down. [more]
February 23, 2012 –
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RELATED TICKERS: SPY
, QQQ
, IWM
Economic Reports Due out (Times are EST): Jobless Claims (8:30am), Bloomberg Consumer Comfort Index (9:45am), FHFA House Price Index (10am), EIA Natural Gas Report (10:30am), EIA Petroleum Status Report (11am), Kansas City Fed Manufacturing Index (11am), [more]
February 22, 2012 –
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RELATED TICKERS: DIOD
, UNFI
, NFLX
The stocks below are showing signs of, or already in the process of, breaking down as the smart money appears to be leaving them in a subtle manner. There are stocks trading at its peak and finally showing some vulnerability, while on the other extreme, there are stocks that have been in a channel near or at their lows, before finally breaking down below those lows. [more]
February 22, 2012 –
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RELATED TICKERS: OI
, INTC
, WIN
Few Setups to take a look at today.
Long: Owens Illinois (OI)
SHORT: Intel (INTC)
SHORT: Windstream (WIN)
Here are the charts/trade setups.
February 22, 2012 –
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RELATED TICKERS: SPY
, QQQ
, DIA
Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), Existing Home Sales (10am) [more]
February 21, 2012 –
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RELATED TICKERS: AAPL
, USO
, GLD
Fairly quiet day in the market today, nonetheless, it's probably a disappointment for most bulls that we didn't blow through that 1370 level today as they had hoped for. For the bears, anything in the red, at this point, will do. [more]
February 21, 2012 –
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RELATED TICKERS: BRCM
, NSC
, BAX
The news today, beyond the faulty assumption that Greece banks is once and for all saved, and we no longer have to fret about their future, the other piece of news is Dow crossing 13,000, which defintely holds some psychological importance for the market - careful it could also be that level where the sell programs kick in - who knows. [more]
February 21, 2012 –
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RELATED TICKERS: SPY
, IWM
, QQQ
Economic Reports Due out (Times are EST): Chicago Fed National Activity Index (8:30am) [more]
February 20, 2012 –
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RELATED TICKERS: SPY
, QQQ
, DIA
I came across a Flash-Crash video on YouTube, and of course I couldn't help but watch it - (it's chicken-soup for the bear soul). In lieu of today's "Important" Greece "Agreement", I thought I'd post this video, not so much for the sake of watching the flash-crash unfold (though it never gets old), but to see what was at the forefront of that day (HINT: Starts with a "Gr" and ends with "eece"). [more]
February 17, 2012 –
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RELATED TICKERS: LLL
, FTR
, CHK
Since the open we've seen selling pressure come across the market, and logically speaking, I'd expect it to continue through the day with it being a 3-day weekend (markets closed on Monday for President's day) and a very important meeting (yes another one of those) on Monday while the markets are closed concerning the bailout agreement. The bulls have banked a lot of profit at this point, and it would seem silly to risk it over this weekend. But hey....what do I know!?! [more]
February 17, 2012 –
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RELATED TICKERS: SPY
Economic Reports Due out (Times are EST): Consumer Price Index (8:30am), Leading Indicators (10am) [more]
February 16, 2012 –
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RELATED TICKERS: TEVA
, MAA
, BTU
By far one of my best screens in determining who is buying what on the street! What you will find are those stocks that, among other variables that I use, 1) Gaining an increased amount of coverage by brokerage firms and analysts, and 2) Being upgraded on a regular basis. This is a good screen to show you where the smart money is putting their capital to work at, without you having to actually ask them. [more]
February 16, 2012 –
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RELATED TICKERS: SPY
, AAPL
Economic Reports Due out (Times are EST): Housing Starts (8:30am), Jobless Claims (8:30am), Producer Price Index (8:30am), Bernanke Speaks (9am), Bloomberg Consumer Comfort Index (9:45am), Philadelphia Fed Survey (10am), EIA Natural Gas Report (10:30am) [more]
February 15, 2012 –
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RELATED TICKERS: SPY
, QQQ
, IWM
Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), Empire State Manufacturing Survey (8:30am), Treasury International Capital (9am), Industrial Production (9:15am), Housing Market Index (10am), EIA Petroleum Status Report (10:30am), FOMC Minutes (2pm) [more]
February 14, 2012 –
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RELATED TICKERS: AMZN
If you've followed Amazon (AMZN) for any significant amount of time, you'll know that over the past year or so it has seen some of the most dramatic ups and downs in the stock's history. [more]
February 14, 2012 –
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RELATED TICKERS: DF
, GT
, CELG
So far in the early morning trading the bears have managed to sell each of the rips the market has given them. That doesn't mean things can't change later on, but for now that is what we are seeing. I mentioned in this morning's trading plan that if the market could sell-off enough over a multi-day period (let's face it the bulls are not intimidated any more by a one-day sell-off) and shake enough bulls out of their long positions, it would actually be the perfect scenario for this market to rocket higher thereafter, because those same people who were shaken out will be jumping back in again to propel the market higher, and the existing shorts (if there are any more of those out there) will be forced to cover yet again. [more]
February 14, 2012 –
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RELATED TICKERS: SPY
Economic Reports Due out (Times are EST): NFIB Small Business Optimism Index (7:30am), ICSC-Goldman Store Sales (7:45am), Retail Sales (8:30am), Import and Export Prices (8:30am), Redbook (8:55am), Business Inventories (10am) [more]
February 13, 2012 –
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RELATED TICKERS: SPY
, QQQ
, IWM
Combine the premise behind this article of HFT's and Federal market manipulators being the only ones trading these days, to my gradual revelations of the workings of crony capitalism in our governmental system today, and I just have to throw up my hands and laugh like a happy dork in the Periwinkle with sunshine on my nose. [more]
February 13, 2012 –
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RELATED TICKERS: SPY
Economic Reports Due out (Times are EST): None [more]
February 12, 2012 –
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RELATED TICKERS: SPY
, QQQ
, IWM
It has taken the market, what seems like an eternity, to finally cross over and start moving down again. We had our first bit of sustained selling of the new year and that has finally led to a reversal in the SPRI. This typically means at the very least, we see stock prices struggle for the next two weeks or so - very rarely do they start surging again once we get the reversal signal. Not only that, but I'm liking the doji candle, and the fact that the Daily SPRI that I also track is showing a reversal at the same time as well. [more]
February 09, 2012 –
Data released tonight showed another monthly decline in CGPI y/y (change in the price of goods sold by corporations) in Japan. This level is approaching zero and is in danger of falling into negative territory, as it did in 2009. [more]
February 09, 2012 –
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RELATED TICKERS: UNP
, EA
, AKAM
LONG: Electronic Arts (EA) [more]
February 09, 2012 –
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RELATED TICKERS: SPY
Economic Reports Due out (Times are EST): Jobless Claims (8:30am), Bloomberg Consumer Comfort Index (9:45am), Wholesale Trade (10am), EIA Natural Gas Report (10:30am) [more]
February 08, 2012 –
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RELATED TICKERS: IAG
, KFY
, TS
The stocks below are showing signs of, or already in the process of, breaking down as the smart money appears to be leaving them in a subtle manner. There are stocks trading at its peak and finally showing some vulnerability, while on the other extreme, there are stocks that have been in a channel near or at their lows, before finally breaking down below those lows. [more]
February 08, 2012 –
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RELATED TICKERS: WYNN
I came across the chart on Wynn Resorts Ltd. (WYNN) and the stock offers a very nice risk/reward setup to take advantage of. [more]
February 08, 2012 –
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RELATED TICKERS: SPY
We're on week 6 of a most impressive market rally, with yet even the slightest of market pullbacks. So what can one expect really, in the weeks ahead. First, let's take a look at market rallies dating back to 1963, nearly 50 years of market data using weekly chart data, to find out what rallies, on a consecutive positive week basis, were greater than what we are currently seeing. [more]
February 08, 2012 –
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RELATED TICKERS: SPY
Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), EIA Petroleum Status Report (10:30am)
Premarket Update (Updated 9am eastern): [more]
February 07, 2012 –
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RELATED TICKERS: SPY
Economic Reports Due out (Times are EST): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), Bernanke Speaks (10am), Consumer Credit (3pm) [more]
February 06, 2012 –
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RELATED TICKERS: PG
, AKS
, EMR
I'm at a point with this rally, to where if it rallies much higher then I won't be surprised and if it drops from here, then I'd say it was long due. I thought it would have dropped at some point in the past two weeks and it has defied the odds, and has done nothing but push higher and higher, so what is to say that it won't continue to do so? [more]
February 06, 2012 –
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RELATED TICKERS: SPY
, IWM
Economic Reports Due out (Times are EST): Treasury STRIPS (3pm) [more]
February 05, 2012 –
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RELATED TICKERS: SPY
Last week was a ground breaking week for the markets, as we managed to break above major resistance, that dated back to the 2007 highs, and can be seen here in a shorter-time frame. We are printing extreme readings in the SPRI, but have yet to seen any relinquishing in the buying power. [more]
February 03, 2012 –
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RELATED TICKERS: SPY
Economic Reports Due out (Times are EST): Employment Situation (8:30am), Factory Orders (10am), ISM Non-Manufacturing Index (10am) [more]
February 02, 2012 –
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RELATED TICKERS: TSRA
, CHRW
, CAM
4 trade setups that I like going into the afternoon and days ahead. [more]
February 02, 2012 –
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RELATED TICKERS: SPY
Economic Reports Due out (Times are EST): Challenger Job-Cut Report (7:30am), Jobless Claims (8:30am), Productivity and Costs (8:30am), Bloomberg Consumer Comfort Index (9:45am), Bernanke Speaks (10am), EIA Natural Gas Report (10:30am) [more]
February 01, 2012 –
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RELATED TICKERS: COST
, MA
, AEO
This is a stock screen similar to "Stocks That Are Breaking Down" (but just the exact opposite). A lot of these stocks are positioned for breakouts in the near future. If you are a momentum trader, you have to take a look at the charts of the stocks listed below. Each of them were hand-picked from a list of screen returns of more than 100 stocks/ETF's. [more]
February 01, 2012 –
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RELATED TICKERS: JVA
JVA is a stock I've been watching for a while. It fits a pattern I like which is a strong base, high short float and low stock float. This set up makes a great short-squeeze potential. This is what we are seeing today. [more]
February 01, 2012 –
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RELATED TICKERS: SPY
Economic Reports Due out (Times are EST): MBA Purchase Applications, ADP Employment Report (8:15am), Treasury Refunding Announcement (9am), ISM Manufacturing Index (10am), Construction Spending (10am), EIA Petroleum Status Report (10:30am) [more]