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SharePlanner (< 20)

September 2010

Recs

1

6 Stocks Insiders Are Selling

September 30, 2010 – Comments (0) | RELATED TICKERS: MORN , CAAS , WTI

This screen is the exact opposite of the Insider Buying screen I provided yesterday. Instead, this screen seeks to find those stocks that are seeing insiders continuously selling over a period of time. Now granted, insider selling, is not necessarily something to frown upon - because CEO's, CFO's, and the rest of their ilk need cash every once and a while to buy the latest gulfstream or the bigger yacht, and as a result have to raise some cash in the form of exercising their stock options. With that said though, what I am looking for are stocks that see insiders continuously selling their shares, after having had a high level of ownership to begin with. There's not many companies that fit this requirement to begin with, but if you are looking to play the contrarian card in this market and as a result, you're needing to find some stocks to short, then use this as a primer for your research.  [more]

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1

Hitting Long-Term Resistance For The S&P

September 30, 2010 – Comments (0) | RELATED TICKERS: SPY

I've been following this long-term resistance level marked by the downtrend connecting the 2007 market highs and 2010 April Highs. We tested this level early this morning after the market responded favorably (initially) to the GDP and Jobs report. Since then we've seen a lot of selling come swooping into the markets that's pushing prices to their session lows. Definitely worth keeping an eye on.   [more]

Recs

1

The Daily Long and Short Setup

September 30, 2010 – Comments (0) | RELATED TICKERS: KLIC , AMLN.DL

Jobs and GDP numbers came out positive this morning and the market has reversed its bearish open to where it is now positioned to begin the day with a bullish outlook. I've provided my long and short setup below as I always do, but, unless your a total risk-taker, I'd be careful about loading up on KLIC (below) until this market digests these latest economic numbers. We also have Chicago PMI at 9:45 so be on the look out there as well.   [more]

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1

Trading Plan for Sept. 30, 2010

September 30, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (9.62), BRKR (12.95), CVX (76.89), DAL (11.05), ELY (6.39), ITW (44.45), SSO (38.03), QQQQ (48.06), FRG (6.78)

Current Short Positions (stop-losses in parentheses)LMT (76.35)  [more]

Recs

1

Market Wrap-Up

September 29, 2010 – Comments (0)

In case you are interested, you can view my market wrap-up video, and my thoughts on the GDP report and Jobless Claims due out tomorrow, as well as a review of my trades. 

Click Here For My Market Wrap-Up 

Recs

2

9 Stocks Insiders Are Buying

September 29, 2010 – Comments (0) | RELATED TICKERS: BEBE , OZM , SYX

It's been a couple of months since I last ran this stock screen, but it isn't one that I should be running frequently either due to the reporting nature of the data that I am screening with. So what you'll find below are 9 companies whose insiders are significant owners of. Some of these stocks, the management owns as much as 86% of the outstanding shares (OZM). That means that you have a low-float, and a company's management team that has a HUUUUUGE financial incentive to see their company succeed. When the crap hits the fan, these guys won't cut and run, because their personal stake in the company is far too great.  [more]

Recs

1

NILE Setting Up As A Nice Short

September 29, 2010 – Comments (0) | RELATED TICKERS: NILE

I came across Blue Nile (NILE) this morning as I was going through my scans. NILE stuck out to me mainly  because of the multi-year resistance levels that is seen just above the current price. Also this stock is in the beginning of a well-defined downtrend, and if it can break below the mid-40's where price has found some short-term support at, it could see selling all the way down into the mid-30's.   [more]

Recs

1

The Daily Long and Short Setup

September 29, 2010 – Comments (0) | RELATED TICKERS: DELL , FRG

Futures remain all over the board this morning, teetering between positive and negative. Getting a feel for what this market once to do is hard to come by, especially with GDP and Jobless Claims coming out tomorrow morning.  [more]

Recs

1

Trading Plan for Sept. 29, 2010

September 29, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (9.48), BRKR (12.95), CVX (76.89), DAL (11.05), ELY (6.39), ITW (44.45), SSO (38.03), QQQQ (48.06)

Current Short Positions (stop-losses in parentheses): LMT (76.35)  [more]

Recs

3

My Thoughts On This Market

September 28, 2010 – Comments (2) | RELATED TICKERS: SPY

There is a wide range of opinions out there right now concerning the direction of this market. Just from those who comment on this blog and follow my twitter feed, I've seen a lot of diverging opinions. For one, there has been some bearish divergences popping up on market indicators, particularly the McClellan Oscillator, which failed to make a new high when the market did on Friday - and we're not talking a little bit either - it could be seen from outer-space practically. However, you have this 1130 price break that, in my opinion, trumps the those bearish divergences that we are seeing. Think about it....we've been in consolidation for the better part of five months (since the April highs) between 1130 and 1040. Last Monday, we broke out above 1130, and followed through on that breakout last Friday. Typically, once price breaks out of consolidation, in either direction, there is usually a major price move, which is what I believe we are in the midst of.  [more]

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1

22 Stocks That Are Breaking Down

September 28, 2010 – Comments (0) | RELATED TICKERS: KMB , JPM , DW

There are some bearish divergences out there indicating that this market could reverse course and allow for us to see a pullback of sorts in the very near future. While I don't rule that out, I think the odds are we move higher, and I have positioned my portfolio accordingly. Below you will find a handful of stocks that 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]

Recs

3

Keep An Eye On ESRX

September 28, 2010 – Comments (0) | RELATED TICKERS: ESRX

Nice double bottom, and break through some significant resistance. 

Here's the chart analysis on ESRX 

Recs

1

Trade Setup Performance Review

September 28, 2010 – Comments (0) | RELATED TICKERS: AFAM , NETL , HITK

I managed to rebound with my daily stock picks after last week's sub-par performance. This week there is no real eye-catchers, but the long setups did decently well, and the short setups managed to not get banged around too bad, with two of them finishing in the green.   [more]

Recs

1

The Daily Long and Short Setup

September 28, 2010 – Comments (0) | RELATED TICKERS: URBN , WATG

Futures have increased ever so slightly and is looking at a positive open to start the day. Consumer Confidence report at 10am could change the behavior of the market, so be on the lookout for that report.   [more]

Recs

1

Trading Plan for Sept. 28, 2010

September 28, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (9.04), BRKR (12.95), CVX (76.89), DAL (11.05), ELY (6.39), ITW (44.45), SSO (38.03), QQQQ (48.06)

Current Short Positions (stop-losses in parentheses)LMT (76.35)  [more]

Recs

4

12 Stocks That Only Go Up

September 27, 2010 – Comments (0) | RELATED TICKERS: VMW , LFL , ARMH

This is by far, one of my favorite stocks screens that I run. I have probably found more winning stocks (and big % ones at that) off of this screen, than any other one that I run. In fact, TICC, mentioned below, is one that appeared on this screen about a month and a half ago, and I bought it at $8.77/share, and has since climed up over 15%, while yielding a 10% dividend.  [more]

Recs

1

Long QQQQ At $49.55

September 27, 2010 – Comments (0) | RELATED TICKERS: QQQ

Stocks this morning are showing little gumption for a follow-through today on Friday's rally. The bulls need to be careful here that they don't allow for the selling to suddenly get out of hand. I've gone ahead and added to my portfolio this morning with a nice sized position in QQQQ (ETF that tracks the Nasdaq). If this rally is anything like the one from earlier this year when the inverse head and shoulders pattern confirmed, then there could be very little opportunity to take advantage of any sustained market rally.   [more]

Recs

1

The Daily Long and Short Setup

September 27, 2010 – Comments (0) | RELATED TICKERS: IBM , TLT

Futures still are maintaining the slightly positive bias heading into the open. There is more merger activity going on as well, with Air-Tran catching a bid (and helping our Delta - DAL - shares out in the process) and Wal-Mart trying to expand operations into South Africa.  [more]

Recs

1

Trading Plan For Sept. 27, 2010

September 27, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (9.04), BRKR (12.95), CVX (76.89), DAL (11.05), ELY (6.39), ITW (44.45), SSO (38.03)

Current Short Positions (stop-losses in parentheses)LMT (76.35)  [more]

Recs

1

NYSE Reversal Indicator

September 25, 2010 – Comments (0)

Last week when reviewing this indicator, I mentioned that I was a bit concerned about the early reversal signal (against historical norms) that the NYSE Reversal Indicator was giving off. But last week's action confirmed the move, and we are advancing into overbought territory once again. After breaking through the 1130 level and confirming the move on Friday, there really isn't any reason to be bearish on this market (it takes a lot for me to say that, considering how bearish I had been of late).  [more]

Recs

1

Long DAL @ $11.69

September 24, 2010 – Comments (1) | RELATED TICKERS: DAL

I really hate flying with this company, but I try to keep personal preferences out of the trade. That is why I am using the short-term cup and handle pattern to initiate a trade. My stop-loss is at $11.05, with an initial price target at $12.75, but would ultimately like to see this stock run into the $14's.   [more]

Recs

1

Long CVX $80.02

September 24, 2010 – Comments (2) | RELATED TICKERS: CVX

Got in Chevron (CVX) at $80.02, using the consolidation just above the inverse head and shoulders breakout for my entry. 

Here is my chart analysis on the trade 

Recs

1

25 Stocks With No Analyst Coverage

September 24, 2010 – Comments (0) | RELATED TICKERS: BREW , ADAM.DL , ACH

For both technical and fundamental traders/investors this stock screen carries a lot of importance. Almost every stock out there has at least a firm or two covering them, but even still there are companies here and there that are completely out of sight from Wall Street. The intriguing part about these companies is that as they continue to increase in value, the street will start noticing, and then all of a sudden, a stock which managed to make it without the help of Wall Street suddenly will be propelled higher and higher once Wall Street jumps on the bandwagon via upgrades and new analyst coverage. So in many ways, you could look at these companies as sleeping giants just waiting to be awakened - and when they do - WATCH OUT!  [more]

Recs

1

The Daily Long and Short Setup

September 24, 2010 – Comments (0) | RELATED TICKERS: HNR , BF-B

Futures are on the rise, as the bulls are trying to bounce back after three straight days of selling. If you shorted LMT yesterday per the Daily Long and Short Setup, you'll be happy to know that they were downgraded this morning.  [more]

Recs

1

Trading Plan for Sept. 24, 2010

September 24, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (9.04), BRKR (12.95)

Current Short Positions (stop-losses in parentheses)LMT (76.35)  [more]

Recs

2

A Look Ahead At A Market Pull-Back

September 23, 2010 – Comments (0) | RELATED TICKERS: AAPL , NFLX , AMZN

The market, for the first time this month has seen a fair amount of selling as it fell back below the 1130 breakout level on the S&P. The question on the minds of the bulls is whether this is something to be concerned about or to use as an opportunity for buying stocks on the cheap. The best approach is to take a step back, look at a few charts, and realize that the market from the end of August to its highs this past Monday, rallied over 10%. That is quite a bit, where even in July, which saw an incredible rally, moved only 7%. You'd have to go back to April '09 to see a rally that was this strong, and that was when the market bottomed from the disastrous sell-off of '08. So the bulls shouldn't be too distraught when they see the market pullback a few percentage points. With that said, the best strategy moving forward is to do your research now so that when the market seems ready to resume its upward trend you are in position to pull the trigger. Below, you'll find some of the more notable stocks that have been on the front-lines of this market rally and my thoughts on them.    [more]

Recs

1

4 Stocks Prime For Shorting

September 23, 2010 – Comments (1) | RELATED TICKERS: GIS , ACT , HCN

The screen below are for those stocks that have been on a solid uptrend of late, but are starting to show signs of breaking down along with a loss of interest by the street as a whole. So if you are looking to short this recent market rally, use the list below as bit of a primer to get your bearish energies flowing. These four stocks look pretty good when just looking at price and volume from a long-term perspective, however, what is concerning is some of the glaring bearish divergences that are popping up. One such indicator is the Time Segmented Volume - TSV that shows all of the stocks below in the negative, which is a good indicator that the longs are starting to get a bit skittish in their current positions, and are taking profits as a result.  [more]

Recs

1

Look at the S&P Hourly Chart

September 23, 2010 – Comments (0) | RELATED TICKERS: SPY

Market is all over the board today, selling off considerably on the jobless claims, while the housing report gave the bulls some renewed energy. The market is trying to close lower for the third consecutive day, but there doesn't seem to be any substantial profit taking at all right now, and frankly, I'd like to see this market move at least another 15-20 points lower before loading  up on any long positions. Right now, I'm standing down - if we get a sell-off into the close, I may add 1-2 new positions.  [more]

Recs

1

The Daily Long and Short Setup

September 23, 2010 – Comments (0) | RELATED TICKERS: LMT , THM

Jobless Claims has sent the market down nearly 1% prior to the open. For the bears it is exciting, and if I was short, I'd probably be hoping that this sell-off is the beginning of another significant downturn. But the odds are that this is merely a sell-off from the market being tired from the 10% rally we've seen so far this month. It is probably a good idea to start brushing off that Bullish Watch-List and start looking for low-risk/high-reward setups.   [more]

Recs

1

Trading Plan for Sept. 23, 2010

September 23, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (9.04)

Current Short Positions (stop-losses in parentheses)None  [more]

Recs

1

Market Wrap-Up

September 22, 2010 – Comments (0)

Two days in a row of selling - that hasn't happened since August. Looks like we have a bit of a pullback in store for us. So far, the selling has been very controlled and orderly. 

Here is my market commentary video which includes a few setups for tomorrow.  

Recs

1

21 Stocks Starting To Gain Momentum

September 22, 2010 – Comments (0) | RELATED TICKERS: LGCY , HNR , LPHI

This is a new stock screen that I recently put together, which I thought would be of good use to you in finding stocks that should start catching a bid. This is similar to its sister-screen that I call "Stocks That Are Breaking Down". A lot of these stocks are showing signs of finally gaining some footing in this rough and turbulent market, and could be ready for a full-fledged rally in the coming days/weeks ahead. There is also subtle signs that money is starting to pour into these names in a rather subtle manner.   [more]

Recs

1

Trade Setup Performance Review

September 22, 2010 – Comments (0) | RELATED TICKERS: CNMD , AN , AYE.DL

For 9/1 through 9/14 (didn't have any trades for 9/3 through 9/10) on the daily trade setups (each day I give the chart of one long setup and one short setup), the performance wasn't all that great - mainly due to the the sideways churning in the market that we saw last week, which helps neither the bulls or the bears. As a result, I came out slightly in the negative. Had there been picks for 9/3 through 9/10, the gist of the market rally that we've seen of late, the performance would have been much better. All the longs were profitable with CNMD coming in at top at 8.7%. For the purposes of this exercise, I took the price at the market open the day I issued the stock pick (which typically is the worst time to be starting a new position in my opinion), and took the share price of the stock, had I held it up until today (unless the stop-loss was triggered before then, at which I would consider the stop-loss to be the exit-price). Below is the performance table in detail.  [more]

Recs

1

The Daily Long and Short Setup

September 22, 2010 – Comments (0) | RELATED TICKERS: BRKR , CROX

Market is showing some signs of weakness, and so far today has managed to maintain it with out any significant rally. If we see further selling today, I'll probably look to pick up a long position. BRKR (shown below) is very intriguing.  [more]

Recs

2

Trading Plan for Sept. 22, 2010

September 22, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (9.04)

Current Short Positions (stop-losses in parentheses): None  [more]

Recs

2

FOMC Statement 9/21/10

September 21, 2010 – Comments (0)

Information received since the Federal Open Market Committee met in August indicates that the pace of recovery in output and employment has slowed in recent months. Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software is rising, though less rapidly than earlier in the year, while investment in nonresidential structures continues to be weak. Employers remain reluctant to add to payrolls. Housing starts are at a depressed level. Bank lending has continued to contract, but at a reduced rate in recent months. The Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability, although the pace of economic recovery is likely to be modest in the near term.  [more]

Recs

1

Where Do We Go From Here?

September 21, 2010 – Comments (2) | RELATED TICKERS: SPY

The Mother-Of-All Inverse Head and Shoulders patterns was completed yesterday, with an eye on 1220-1250 as its target price. Obviously we won't go straight up from here, and that is why I am sitting on my hands waiting for a pullback to start adding some new long positions. The FOMC Statement is coming out this afternoon and could provide that catalyst that we are looking for. For a historical reference for what we are looking at, look no further than the sell-off in January/February, that played out practically the same exact way this IH&S pattern did and you'll see what is likely in store for us.   [more]

Recs

1

Trading Plan for Sept. 21, 2010

September 21, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.94)

Current Short Positions (stop-losses in parentheses)None  [more]

Recs

1

13 Stocks Trading At A Huge Discount

September 20, 2010 – Comments (0) | RELATED TICKERS: EXMCQ , KND , AHC

Here's one of your more traditional "Buffett-like" stock screens where I am essentially looking for companies selling well below their book value. With the market being as overbought as it currently is, it would be nice to find those stocks that are still considered under-valued. The stocks below represent those companies that are trading at less than three-quarters its book value.  [more]

Recs

1

Chart Patterns

September 20, 2010 – Comments (0)

In case you all didn't notice it this weekend, I added an additional feature to SharePlanner, where instead of making my watch-list an individual post each week, I am going to have a watch-list that you can access, at any time you want. I'll be updating this watch-list on a fairly regular basis, and you can access it by going to the menu up above and clicking on the tools menu, and going to Chart Patterns, or go directly to the Bullish or Bearish Chart Patterns. For each stock I'll be giving you the type of chart pattern that I'm seeing. It is an invaluable tool to minimize your research time and piggy-back off of someone who is looking at between 500-1000 charts everyday. So have at it and enjoy.   [more]

Recs

1

The Daily Long and Short Setup

September 20, 2010 – Comments (0) | RELATED TICKERS: NETL , UBSI

S&P still looking at opening about five points higher heading into the open. We have the Housing Market Index report at 8:30am that could, no doubt, change things up some.  [more]

Recs

1

Trading Plan for Sept. 20, 2010

September 20, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.82)

Current Short Positions (stop-losses in parentheses)SPY (113.30), DELL (13.26), URBN (36.60), SNX (27.03)  [more]

Recs

2

Bearish Chart Patterns

September 19, 2010 – Comments (0) | RELATED TICKERS: D , CL , WFC

Below you will find a list of stocks that are showing Bearish Chart Patterns. For each of the stocks listed below, I've included the symbol, company name, and finally the exact bearish chart pattern that I see developing. In case you don't know what the particular pattern is that I refer to, I recommend you going to Investopedia.com and simply type in the chart pattern in their 'search' feature, and you will find it.  [more]

Recs

2

Bullish Chart Patterns

September 18, 2010 – Comments (0) | RELATED TICKERS: DAL , CCOI , EQY

Below you will find a list of stocks that are showing Bullish Chart Patterns. For each of the stocks listed below, I've included the symbol, company name, and finally the exact bullish chart pattern that I see developing. In case you don't know what the particular pattern is that I mention, I recommend you going to Investopedia.com and simply type in the chart pattern in their 'search' feature, and you will find it.   [more]

Recs

1

NYSE Reversal Indicator

September 18, 2010 – Comments (0) | RELATED TICKERS: SPY

Here's an update on the NYSE Reversal indicator. Much has changed since the last time I posted this indicator. Being short, one thing that that has me concerned is the reversal seen below before hitting the bottom of the range. It doesn't happen often, but when it does, I become concerned that it could be indicating a head fake against the current direction of the market. The last time we saw one of these was September of last year (coincidence?) in which the market rallied a bit but then resumed with two more weeks of selling of about 50 points on the S&P before finally gaining its footing. As a result, I plan on staying in my short positions that I am currently in as the risk/reward remains heavily in my favor, considering how close we are to the game-changer 1130 level on on the S&P, and how over-bought this market is.   [more]

Recs

2

Let's Call It A Week

September 17, 2010 – Comments (0) | RELATED TICKERS: SPY

The past four days has exhibited exhaustion on the behalf of bulls and an epic struggle for control of 1130 on the S&P. As I write this and reflect where were were at this morning prior to the market open, I am quite amazed that we are still trading below that critical 1130 mark on the S&P. Also interesting is that despite the S&P still managing to close up (albeit slightly), three out of the last four trading sessions have been marked by a doji candle. The last time we topped at 1130 it too was marked by three out of four doji candles, which ultimately let to a sell-off down to 1040. Whether that happens again is any one's guess.  [more]

Recs

3

24 Defensive Stock Plays

September 17, 2010 – Comments (0) | RELATED TICKERS: MCD , PEP , CVX

There are a lot of traders out there skeptical of this market (I am for sure!) that don't want to put their money in too risky of plays should the market reverse course, but on the other hand don't want to sit this rally out. A good compromise is to look for those stocks that are dependable, stable, collect a respectable dividend and hold their value at the same time. So, I've run my screen below on the 24 best defensive plays out there right now. My favorite of all the stocks, like last time is unquestionably McDonald's (MCD) which keeps on putting in new highs despite the wild swings we've seen in the market of late.   [more]

Recs

2

The Daily Long and Short Setup

September 17, 2010 – Comments (0) | RELATED TICKERS: HITK , AFAM

Futures have taken a hit since the trading plan was posted, which keeps the bears in the game (for now). Consumer sentiment was released just a little while ago, and it was in-line with expectations. Some rumors about Ireland defaulting has caused European markets to take a hit, which resulted in US futures doing the same.  [more]

Recs

1

Trading Plan for Sept. 17, 2010

September 17, 2010 – Comments (0) | RELATED TICKERS: SPY , BBRY , ORCL

Current Long Positions (stop-losses in parentheses): TICC (8.82)

Current Short Positions (stop-losses in parentheses): SPY (113.30), DELL (13.26), URBN (36.60), SNX (27.03)  [more]

Recs

6

Bulls Continue To Frustrate The Bears

September 16, 2010 – Comments (6) | RELATED TICKERS: SPY , SNX

Shorting stocks hasn't been the easiest of approaches to profiting in this market, particularly this month. Nonetheless, the bulls still remain unable to push through the 1130 level on the S&P despite a positive jobs report. One thing worth remembering, is the last topping pattern that we saw back in August lasted for seven days. Lord help us, if it takes that long again. I remain short, and added an additional short position that you can see more about by reviewing this mornings short setup - Synnex (SNX).  [more]

Recs

2

19 Stocks The Street Is Buying

September 16, 2010 – Comments (0) | RELATED TICKERS: ANF , NGG , MSPD

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. Th1is 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]

Recs

1

The Daily Long and Short Setup

September 16, 2010 – Comments (0) | RELATED TICKERS: SNX , ELY

Jobs number is out, and the market reaction has been surprisingly muted to the Bear's advantage. We are poised to open this morning lower. Bears can't let this opportunity get away from them.   [more]

Recs

1

Trading Plan for Sept. 16, 2010

September 16, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.82)

Current Short Positions (stop-losses in parentheses)SPY (113.30), DELL (13.26), URBN (36.60)  [more]

Recs

1

Gunfight At The S&P Corral

September 15, 2010 – Comments (0) | RELATED TICKERS: SPY

After spending much of the day trading sideways, the bulls finally got the motivation to crank it in high gear and push the S&P up near the 1130 mark. So far they have failed to break through it, but what they have done is position themselves for a positive jobs report tomorrow that would inevitably push them through this strategic price level. Should they miss tomorrow, then watch-out, because we could see mass profit-taking ensue.  [more]

Recs

5

9 Potential Takeover Stocks

September 15, 2010 – Comments (0) | RELATED TICKERS: WINN , SNBC , WTNY

Below is a list of 9 potential takeover targets based on value and the ability to acquire the company. I do try to limit the size of the company so that there isn't anything like a Wal-Mart or Microsoft included. But all of the companies are 'acquirable' and have solid financials that would make them a luring target for a bigger fish. Not everyone of these will be taken over or any of them at all (in case you were looking for some kind of guarantee), but the point is to get you started on finding some gem of an idea that could lead to a takeover. Who knows? Maybe your best trade of the year lies somewhere in the list below!  [more]

Recs

1

Shorted URBN At $34.79

September 15, 2010 – Comments (0) | RELATED TICKERS: URBN

This is a stock that I have managed to consistently short with success over the past few years, and right now it is trading in a very defined trading range which makes this an even more intriguing setup for me. So at the close yesterday, I jumped on this stock at $34.79, just as it rose up to the upper line of the downward channel and managed to test that price level without actually breaking it. I'd like to see this stock drop to about $30 before taking profits - while all along tightening the stop-loss as the position increases in profits.   [more]

Recs

1

The Daily Long and Short Setup

September 15, 2010 – Comments (0) | RELATED TICKERS: CHU , DM

Futures have continued to show signs of weakness this morning. The Empire State Manufacturing survey came in at a reading of 4.14 versus expectations of 5.0 - so a miss there. First decent amount of selling in quite some time, so it'll be interesting to see how this days plays out.  [more]

Recs

1

Trading Plan for Sept. 15, 2010

September 15, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.64)

Current Short Positions (stop-losses in parentheses): SPY (113.30), DELL (13.26), URBN (36.60)  [more]

Recs

1

CHU - A Breakout Play

September 14, 2010 – Comments (0) | RELATED TICKERS: CHU

This is a very solid swing-trade setup, but I would wait until the market confirms for us that it can bust through the 1130 resistance level on the S&P before initiating a position. But should that happen, this stock has an easy upside of $21 before hitting any meaningful resistance. The ideal stop-loss would be about $13.20.  [more]

Recs

1

16 Highest Paying Dividend Plays

September 14, 2010 – Comments (0) | RELATED TICKERS: NLY , CYS , ANH

You'll find that the stocks below are sporting some pretty nice dividends, but don't just dive into one of the stocks listed below without doing first the necessary due diligence required. Some of these stocks could see their dividends slashed in the coming months if the market sells-off like it did back in August - but no one knows for sure and that is why, with anything, you have to weigh the risk and reward before placing the bet.  [more]

Recs

1

Trade Setup Performance Review

September 14, 2010 – Comments (0) | RELATED TICKERS: CRNT , TWI , SHPG

After a couple of weeks of basically break-even returns, I saw my daily setups do quite well for 8/25 through 8/31. Surprisingly two of the four short setups were profitable while the other two got stopped out. However, the four long setups saw two of the picks with gains in excess of 13%. Only one of them had a negative return. The profit/loss ratio was an astounding 5.4:1 which I'll take every day of the week.   [more]

Recs

1

The Daily Long and Short Setup

September 14, 2010 – Comments (0) | RELATED TICKERS: AYE.DL , AB

Futures still remain slightly negative, and the retail sales report didn't see any significant changes to the market as a whole despite the report beating expectations.   [more]

Recs

1

Trading Plan for Sept. 14, 2010

September 14, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.64)

Current Short Positions (stop-losses in parentheses)SPY (113.30), DELL (13.26), FL (13.81)  [more]

Recs

3

16 Stocks Ready For A Short Squeeze

September 13, 2010 – Comments (0) | RELATED TICKERS: PETS , RDEA.DL , BJRI

Below are a list of small-cap stocks that have been heavily shorted by the street, and should the market continue to rally, these stocks could see their  share price launch into the stratosphere (if they haven't begun so already) because of the bears being forced to cover their short positions in the stock. Based on the number of shares that are being borrowed, for some of these stocks, it could take as many as 55-60 days to cover all the shares held short in the stock.  [more]

Recs

1

The Daily Long and Short Setup

September 13, 2010 – Comments (0) | RELATED TICKERS: CNMD , CAH

Futures remain pretty strong with gains of about 1% heading into the open. The gap seems a bit fishy to me, but with this market, I don't put nothing past the bulls to rip off another big-gainer today. Be watchful of the 200-day moving average and whether the market can close above it.  [more]

Recs

2

Trading Plan For Sept. 13, 2010

September 13, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.64)

Current Short Positions (stop-losses in parentheses)SPY (113.30), DELL (13.26), FL (13.81)  [more]

Recs

1

20 Stocks That Are Breaking Down

September 10, 2010 – Comments (0) | RELATED TICKERS: FL , ILMN , RRD

Lately, I've been updating this bearish stock screen on a weekly basis, and preferably right after a descent bounce in the market that allows for prices in stocks across the board to creep back in to overbought territory.   [more]

Recs

3

Bears Last Stand On The Horizon

September 10, 2010 – Comments (0) | RELATED TICKERS: SPY

This is probably one of the most disturbing developments for the bears on the S&P and that is an inverse head and shoulders formation that is nearing completion. For the bulls to confirm this pattern, it will have to breakthrough the 1130 level, which is something it hasn't managed to do since April and repeated attempts to do so has resulted in failure. However, if they can push through this critical level, it will be game over for the bears, and a likely retest of the April highs around 1220 will then be in order.   [more]

Recs

2

Downtrend Getting Taken Out On An Intra-Day Basis

September 10, 2010 – Comments (1) | RELATED TICKERS: SPY

I must admit that I am surprised by the bullishness today. With no news, and no real motivation for the bulls to push the markets higher, I thought that we would see some profit taking ahead of the weekend. But so far this morning that has not been the case.  [more]

Recs

2

Trading Plan for Sept. 10, 2010

September 10, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.64)

Current Short Positions (stop-losses in parentheses): SPY (113.30), DELL (13.26)  [more]

Recs

5

Jobless Claims This Morning Was Made Up By BLU

September 09, 2010 – Comments (1)

The BLS has announced that as a result of the Labor Day weekend, 9 states (among which the biggest one California) did not report initial claims data to the bean counters, so instead the government had to "estimate" what the data would have been: yep, estimate, what the data was in these nine states. From Bloomberg: "For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the Labor Day holiday earlier this week, a department official told reporters. California and Virginia estimated their figures and the U.S. government estimated the other seven." Official data is now made up on the fly. This US economic data reporting has just entered the twilight zone. Also, when the data is officially made up, it is not that difficult to get data that is "better than expected." The full list of states is: DC, Illinois, Idaho, Hawaii, Oklahoma, Michigan, and Washington. California and Virginia estimated themselves.  [more]

Recs

1

Trading Plan for Sept. 9, 2010

September 09, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.64)

Current Short Positions (stop-losses in parentheses): SPY (113.30), DELL (13.26)  [more]

Recs

1

Trading Plan For Sept. 8, 2010

September 08, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.64)

Current Short Positions (stop-losses in parentheses): None  [more]

Recs

1

11 Stocks that Only Go Up

September 07, 2010 – Comments (1) | RELATED TICKERS: VRX , VMW , ARMH

This is by far, one of my favorite stocks screens that I run. I have probably found more winning stocks (and big % ones at that) off of this screen, than any other one that I run. In fact, TICC, mentioned below, is one that appeared on this screen about a month ago, and I bought it at $8.77/share, and has since climed up over 10%.  [more]

Recs

1

Trading Plan for Sept. 7, 2010

September 07, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.64)

Current Short Positions (stop-losses in parentheses): None  [more]

Recs

1

6 Under $10 Lottery Stocks

September 02, 2010 – Comments (0) | RELATED TICKERS: ENTR , HT , ID

Unlike any of my other screens, this screen focuses on stocks trading under $10/share, and has a market cap under $1 billion, too. As for the variables that I used in the screen, I focused on fundamentals, particularly companies that have a healthy balance sheet with little debt to speak of, with a strong prospect for rapid sales and growth in earnings, as well. Those in yellow are carry-overs from the last time I ran this screen and as you can see they are all yellow this time around, meaning no new additions to the screen.

Now be aware, that these kinds of stocks carry huge risks to them. A simple downgrade, news event, or missed earnings target, can derail these small-cap stocks in a heart beat. But if you have some capital that you want to roll the dice with, these stocks will give you a good start in your research.  [more]

Recs

1

The Daily Long and Short Setup

September 02, 2010 – Comments (0) | RELATED TICKERS: TGH , FLIR

The jobless claims report was nothing more than a snoozer - there was very little price move, if any - mainly because it was in-line with expectations. The big one is tomorrow, of course, when Employment comes out. I would expect a major move in one direction or the other, as a result.  [more]

Recs

1

Trading Plan for Sept. 2, 2010

September 02, 2010 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.51)

Current Short Positions (stop-losses in parentheses): SPY (108.68), DGX (45.95), FCN (35.01), OMI (27.76), ADBE (29.78), BIDU (83.39), HK (16.56), CERN (79.28)  [more]

Recs

3

Call Me Crazy: 2 New Short Positions

September 01, 2010 – Comments (5) | RELATED TICKERS: CERN , HK.DL

One very bullish day isn't going to waver my belief and alter what I know the chart are showing, and that is more downside in this market. With that being the case, I used today as an opportunity to reload on some additional short positions. I was able, despite getting stopped out of DDS, to re-up my short commitment to 61% and expect that I will end up doing the same again tomorrow. My apologies for not posting more today, but as you know, today was a bit hectic from a market standpoint, and I spent most of the day looking at charts, and unsuccessfully trying to scalp the market.  [more]

Recs

2

Bulls Ramping Up Price

September 01, 2010 – Comments (3) | RELATED TICKERS: SPY

The bulls are letting if fly today, and ramping this market up as high as it possibly can. I'm pretty confident that despite what CNBC is saying, that markets were going to rally today regardless of whether the news was good or bad. This rally, or at least the strength of it, caught me off guard - to say the least. Some will say that a lot of it is fresh money pouring into the market, being that it is the first of the month or maybe it is just one massive short squeeze - perhaps its a combination of both.  [more]

Recs

1

Trading Plan for Sept. 1, 2010

September 01, 2010 – Comments (1) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): TICC (8.51)

Current Short Positions (stop-losses in parentheses): SPY (108.68), DGX (45.95), FCN (35.01), OMI (27.76), ADBE (29.78), DDS (22.16), BIDU (83.39)  [more]

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