September 2011
September 30, 2011 –
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RELATED TICKERS: ABC
, BKE
, FNP
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]
September 30, 2011 –
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RELATED TICKERS: AMTD
Well apparently ThinkorSwim thought it might be a bit amusing to throw traders even more of a curve ball with this already manic/volatile market by making their services inaccessible to everyone. I've tried the mobile, TOS and TDAmeritrade sites and absolutely nothing is working. [more]
September 30, 2011 –
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RELATED TICKERS: SPY
[more]
September 29, 2011 –
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RELATED TICKERS: SPY
When you get hands wrapped around the exit latch, and can rid yourself of a position in the market that is a like a cancer to your portfolio, why doesn't one do it? I've pondered this question quite a bit. Probably because on August 15th, when the S&P was sitting at 1204, I had gone from being on my knees in prayer needing divine intervention in this mess of a position that I had, to all of a sudden being in the driver's seat on these calls, and that one more surge higher would not only rescue me from my current plight, but would probably result in greater gains than anything I had ever experienced before considering my exposure in those calls.
Read Part 1 from the Worst Trading Month of My Life. [more]
September 29, 2011 –
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RELATED TICKERS: SPY
[more]
September 28, 2011 –
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RELATED TICKERS: CHUX
, CRWN
, INWK
Below are the charts of small-cap stocks that have been heavily shorted by the street, and should the market continue to rally like we have seen over the last few days, these stocks could see their share price launch into the stratosphere 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 the stocks, it could take as many as 30-40 days to cover all the shares held short in the individual stock.
If you don't know what a short squeeze is, that is where a stock starts to rise rapidly, and as the trend continues to escalate, the short sellers will likely want out. For example, say a stock rises 5% in one day, those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher. [more]
September 28, 2011 –
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RELATED TICKERS: SPY
Frustrated? Yes! Disgusted? Absolutely! In denial? Perhaps just a bit. [more]
September 28, 2011 –
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RELATED TICKERS: AAPL
, S
, VZ
I am here to share why I think Sprint is a good for a short term and long term hold. Some might argue that the stock is headed lower because it's too cheap and has a negative return on equity. However, I am going to share with you why I believe this stock has the likelihood of moving to the upside rather than downside. [more]
September 28, 2011 –
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RELATED TICKERS: NFLX
, SPY
[more]
September 27, 2011 –
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RELATED TICKERS: PEET
, QCOM
, TXN
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 each of these stocks listed below. Each of the stocks below were hand-picked from a list of screen returns of more than 100 stocks/ETF's. These are the ones that I would consider the best of the best from those returns. [more]
September 27, 2011 –
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RELATED TICKERS: SPY
[more]
September 26, 2011 –
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RELATED TICKERS: SPY
It was late in the middle of the night on August 9th, 2011, the whole Mallory clan had been fast asleep, except for me of course. I was up pacing across the living room of my house. Tired and weary, but unable to get my mind off the markets, and more importantly the risks that I had take over the past month, and what it would ultimately mean for me and my ability to trade the market. I was finally able, at 3:30am, to drag myself to sleep, after finding some relief in the European markets pop into their open. But I would wake up 3 hours later, to reach for my iPhone as I do every morning, only to find the market had reversed course hard and fast. It had the makings of a Lehman's type market reaction, or worse. Rumors were running rampant on French banks. My wife asked me, "What's Wrong?" and I would tell her, "I think I'm literally, watching our world economy crumble from from the palm of my hand." I thought that I might be forced to throw in the towel, for what might be the most humbling and humiliating trading experience of my entire life. [more]
September 26, 2011 –
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RELATED TICKERS: GLD
If you thought the S&P futures were wild last night, you should have seen gold trading - it was even nuttier - at one point, down over $100 yet again. It has done a good job of recovering off of those lows today, but we could be seeing a very good entry in this commodity for the first time in months. I'm looking to get in at $154.00, and I had an order in for it at that price this morning, but came within $0.19 of getting my fill, before it decided to rocket back up. Such is my luck, I guess. [more]
September 26, 2011 –
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RELATED TICKERS: AAPL
Most people will use options as a means of speculation or a means to hedge. Both of these strategies have their place; however what people tend to not use options for is to pick up stock. Using options to go long on a position is a great way to make extra money without a real risk. [more]
September 26, 2011 –
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RELATED TICKERS: NFLX
, SPY
[more]
September 24, 2011 –
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RELATED TICKERS: SPY
Never a good sign for the equity markets after the kind of week we're coming off of, with the SharePlanner Reversal Indicator still pointing straight up and nearing a short-term extreme. Further selling this week, will have this indicator pointing straight down and a visit to -600 territory on the indicator yet again. To say the least, such a move that this indicator is showing leads me to believe that we'll be seeing a test of the 1040 level on the S&P sooner rather than later. [more]
September 23, 2011 –
Here are the pictures of three baseball players - you tell me what they have in common? [more]
September 23, 2011 –
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RELATED TICKERS: NFLX
Netflix (NFLX) has my attention this morning - using Fibonacci support/retracement levels, dating back to the beginning of the rally back in July '07, with it peaking four years later in July '11, you'll see that it has pulled back PERFECTLY to the 61.8% retracement level at $126 and has bounced. In fact, yesterday, when the market was down well over 3%, NFLX managed to eek out a gain, without once dipping below that key support level. That is strength, my friends. [more]
September 23, 2011 –
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RELATED TICKERS: SPY
[more]
September 22, 2011 –
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RELATED TICKERS: NFLX
, GLD
, SPY
No doubt a rough time for for the bulls out there today, as we saw a sell-off that we haven't seen since....well....last month. We broke through the bear flag that we all had been watching with extreme interest and unsure whether it would ever confirm. But today it did confirm, and the market today, despite some weak attempts at a bounce, was, nonetheless, in a perpetual sell-off for much of the day. [more]
September 21, 2011 –
For the great majority of traders and investors out there, trading in these turbulent times have been difficult and taxing on the mind and body. I consider this market, much more difficult than anything I've traded in recent memory - even 2008. The reason being is there is absolutely no overarching trend defining this market when you look back on 2011. Instead what you have ares series of major reversals that really has led to nowhere. Even with the extreme downturn that we saw in late July and all of August, the market is barely in the red for the year. [more]
September 21, 2011 –
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RELATED TICKERS: EBAY
, QCOM
, TXN
I made a quick trade in TZA (Russell 3x Inverse Short) this morning when it became a bit clearer that the market would struggle to make any substantial gains ahead of the Fed Announcement (after which all bets are off). I've also shorted QCOM this morning as well (detailed below), getting in at $53.49 with a target of $49 and a stop loss of $54.25. [more]
September 21, 2011 –
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RELATED TICKERS: SPY
[more]
September 20, 2011 –
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RELATED TICKERS: MIEFF
I managed to jump into Minefinders Corp (MFN) on two separate occasions today. The first attempt I was stopped out after getting in at $18.24 and getting out at $18.03. However, just because you get stopped out once on a trade, doesn't mean you can jump back in it again later on, if it manages to retest and break through that level again, and that is exactly what (MFN) did today. My second trade in this stock was at $18.31. It is trading higher at this point, and will look to close the trade out by the end of the day. [more]
September 20, 2011 –
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RELATED TICKERS: SPY
[more]
September 19, 2011 –
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RELATED TICKERS: CEDCQ
, SKYW
, TPC
Here's one of your more traditional "Security-Analysis" stock screens where I am essentially looking for companies selling well below their book value. The stocks below represent six companies that are trading at less than half its book value (usually I run this screen with a 1/2 book value). [more]
September 19, 2011 –
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RELATED TICKERS: JBL
(yeah yeah - I got in a little early - I know that - but I'm not afraid to admit it!) [more]
September 19, 2011 –
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RELATED TICKERS: BSX
, PH
, SPY
[more]
September 18, 2011 –
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RELATED TICKERS: SPY
The world has a mad-on for Ben Bernanke, not because of his beautiful, bald head and bearded, grizzled looks, but because he's swinging the largest freaking bat in the cage! The U.S. Dollar is still the drink of choice in this global Bear party, and Ben's been keeping the taps flowing freely. Now everyone's holding their empty cups and standing around trying to figure if he's going to hook up the next keg. [more]
September 17, 2011 –
The market defied the odds last week, after a weak Sunday night Futures open, the S&P managed to ramp up off of those lows for five straight days. A feat that hadn't been accomplished since 7/1. With that being said, there is some resistance looming on the indicator, and while I like to see the indicator "max-out" at the top of the regions as it does historically, I can't ignore some of the trends developing as marked below. I stayed in my short positions that I spent last week building on the strength the market was showing. We'll see how they pan out next week. [more]
September 16, 2011 –
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RELATED TICKERS: MNST
, KEYN
, VRUS.DL
This is by far, one of my favorite stock 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. These stocks make it a habit to trade on their own merits and not that of the market itself. They are often overlooked, but to those who invest their capital in these stocks, the returns that the investors receive are very rewarding. So if you've been scratching your head recently as to what stocks you should be trading, then the stocks below are probably just what the doctor ordered. However, I do not recommend you going out and buying each and everyone of the stocks listed, particularly with the market heading into overbought territory, after 4 straight days of rallying. Instead put each of these stocks in a watch-list and wait for a minor pull-back to a significant support-level. [more]
September 16, 2011 –
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RELATED TICKERS: A
, JBL
, JDSU
Here are some of the best setups that I am finding today. You got a mixed bag here of longs and shorts. [more]
September 16, 2011 –
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RELATED TICKERS: SPY
[more]
September 15, 2011 –
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RELATED TICKERS: SPY
Time for me to stop raging against the machine and join them. Trend following isn't about looking at the news and fundamentals like the sun and saying that it isn't there. Because The Powers That Be will NOT allow markets to fall unless it would benefit themselves in one way or another. And right now, it's about getting reelected next November. Do you seriously think that something as inane as an unspoken depression and global commodity inflation will stop U.S. markets from being higher in October of 2012? [more]
September 15, 2011 –
The first 1/2 hour of trading is a tricky and risky thing. To me its a losers game. Many respected traders hold to the 1/2 hour rule and some traders say just the first 10 mins. I say I why mess with it? I don’t trade the first half hour due to choppy trading and lack of direction in the market. (especially in this volatile market). [more]
September 15, 2011 –
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RELATED TICKERS: SPY
[more]
September 14, 2011 –
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RELATED TICKERS: SPY
[more]
September 14, 2011 –
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RELATED TICKERS: PTRY
, AVNR
, UPIP
If you traded in today's market or at all this week, you'll notice that the action has been somewhat sluggish and yet similar to what we saw early last week, where after coming back from the Labor Day Holiday weekend, the market opened up dramatically lower, only to recover at breakneck speed and then rally 3% the following day. [more]
September 13, 2011 –
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RELATED TICKERS: CVX
, EMC
, HSH
I went through a number of my scans this morning looking for some stocks that are setting up for a nice leg down, once we get that fresh wave of selling that would seem to be right around the corner. Assuming that to be the case, and since Adam and Vray already published some long setups to go after today (and some nice ones at that), I figured, I'd provide you with the 'dark-side' of the trade. [more]
September 13, 2011 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): QCOM Oct 60 Calls, [more]
September 12, 2011 –
This will come across as rather an over-simplistic post, but it is of great benefit to traders who are considering shorting this market now or in the future, or to those who are apprehensive at the notion of such an idea. What I want to do is break it down in its most simplistic form, and give you the three elements that I abide by and always keep fresh in my mind. [more]
September 12, 2011 –
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RELATED TICKERS: SPY
[more]
September 11, 2011 –
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RELATED TICKERS: SPY
Just to state the obvious of what we are seeing technically on the S&P. For the first time in this sell off we are finally seeing the market trade in a definable pattern. What we are seeing is a bear flag being formed. This hints at further downside ahead of us as we will get a break lower that will take us past August lows. I believe we will see a break lower at the beginning of next week. Even though the support level held on Friday it has been tested to quickly this time around. Usually the first test of support will create a nice bounce but if a second test follows shortly after it will quickly break though. We also received a break back below the 20 day moving average as it failed to hold even slightly.
Be prepared for more downside... [more]
September 10, 2011 –
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RELATED TICKERS: SPY
Pretty horrid way to the end the week considering what we got out of it on Tuesday with the huge intraday reversal, and the rip-roaring tear on Wednesday. But the jeepers started creeping back in ahead of the Obama speech on Thursday, and the creepers came about with Greek default jitters (say that a few times in a row). In any case, the SPRI looks, when you initially view it, alright. However I can promise you, that if we get another negative week, and break below 1140, and more so 1120, this indicator, will be heading due south, with further turbulence on the horizon. So button down the hatches, because next week promises to be a wild one. [more]
September 09, 2011 –
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RELATED TICKERS: BSX
, VMC
, X
[more]
September 09, 2011 –
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RELATED TICKERS: SDS
, SPY
, OZM
[more]
September 08, 2011 –
We've got a big job's speech tonight from President Obama, and what can we honestly expect from it? Here's the breakdown. [more]
September 08, 2011 –
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RELATED TICKERS: IMAX
, MELI
Two new trades to speak of this morning. One of them I am still in, the other of which I took a small loss on. The first is Mercadolibre (MELI) which I got in at $69.66, and my stop-loss is currently at $69.49. Its not doing much of anything at the moment, and I may jump out of it too. But like the trade I had in IMAX Corp (IMAX) (in at $18.46 and out of at $18.35) I am willing to jump back in both of them if they try to break out yet again. [more]
September 08, 2011 –
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RELATED TICKERS: VIP
, SPY
, BKU
[more]
September 07, 2011 –
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RELATED TICKERS: VIP
, BKU
I'm getting a little bearish here on this massive ramp-up into tomorrow night's Job Speech by President Obama. As a result, I've taken on two new short positions in Bank United (BKU) at $23.00 and Vimpel Communications (VIP) at $10.48. [more]
September 07, 2011 –
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RELATED TICKERS: AAPL
, QCOM
, SPY
[more]
September 06, 2011 –
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RELATED TICKERS: DYNIQ.DL
, SRI
, STKL
Here are five plays to watch for tomorrow worth adding to your watch-list. You have a few specific long and short plays, and a couple others that could really go either way. [more]
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