November 2010
November 30, 2010 –
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RELATED TICKERS: GIL
, SNIC.DL
Market was another disappointment for the bears today, as the bulls managed to rally off of its lows, and it wasn't until the end that we finally saw some selling creep back in. We finish the day with a spinning top, unable to breakout in either direction. The all important 1173 level was test again and held. [more]
November 30, 2010 –
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RELATED TICKERS: FDX
, DECK
, N
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]
November 30, 2010 –
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RELATED TICKERS: BAC
, BTU
, GIL
The basis for me adding a stock to my watch-list falls under one of three conditions: [more]
November 30, 2010 –
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RELATED TICKERS: SPY
The two areas that you want to watch is the 1173 and 1200. Another level to pay close attention to is the downtrend in the very near-term that is forming off of the November highs, because, along with the support line at 1173, you have a descending triangle forming. I'm not too worked up about the significance of a break of the downtrend, currently at 1192, because it means nothing if it can't break 1200. However, a break of 1173, is a huge problem, and will result in the market flipping over and heading lower - likely to a test of 1150 in the short-term. [more]
November 30, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), RAH (60.75), EQY (16.75), PH (78.95), BAC (11.02) [more]
November 29, 2010 –
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RELATED TICKERS: FCN
, BAC
The market is rallying hard, and is aiming to close in the green. Unbelievable when you think where we were at this morning. It definitely makes the charts much more difficult to read in terms of gauging direction for the broader markets. Nonetheless, 1173 held on on the S&P, and price remains stuck within the narrow range of the past nine trading sessions. Advantage: Brokerage Firms [more]
November 29, 2010 –
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RELATED TICKERS: ATLC
, PETS
, LPHI
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 50-70 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]
November 29, 2010 –
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RELATED TICKERS: AAPL
Apple (AAPL) has been the market darling for a long time now for investors, especially those who have managed to hold their shares through all the breakthrough innovations from the iPod to the iPhone and to the iPad. However, lately, it has been showing some weakness, beginning with what we saw with their earnings report and ultimately followed by a lower-high and lower-low on the charts. And now what you have is a head and shoulders pattern developing, that, should the market continue to march lower in the days ahead, may allow us to see a breakdown in AAPL that we haven't seen in quite some time. [more]
November 29, 2010 –
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RELATED TICKERS: SPY
[more]
November 29, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), HRS (45.34), RAH (60.75), MENT (11.08), EQY (16.75), PH (78.95) [more]
November 26, 2010 –
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RELATED TICKERS: PH
, GLAD
I got into both of these positions at the close Wednesday - with GLAD (short) at $11.19 and PH (Long) at $82.25. [more]
November 26, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), HRS (45.34), RAH (60.75), MENT (11.08), EQY (16.75), PH (78.95) [more]
November 24, 2010 –
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RELATED TICKERS: LZB
, CROX
, GLAD
The basis for me adding a stock to my watch-list falls under one of three conditions: [more]
November 24, 2010 –
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RELATED TICKERS: CSIQ
, CLB
, ISCA
This screen here is useful for finding those stocks starting to catch some momentum to the upside. This is similar to its sister-screen that I call "Stocks That Are Breaking Down" (but just the exact opposite). For a day like we are seeing today, it is useful to see those stocks that could benefit from an extended rally over the next few days or weeks, should that happen. [more]
November 24, 2010 –
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RELATED TICKERS: TIE.DL
, ADBE
, TFSL
Some gains were to be made this past week with the daily long and short setups that I provided, but there was no clear breakout play that we typically see, yielding in excess of +10% in gains, except for TIE. On the short side there were profits to be made for every setup, while on the long side, the only one you could have made a profit on was CEL, which I only managed to make about 1% on. For next week, I'll be actually providing how I traded each of the setups, so be on the lookout for that. [more]
November 24, 2010 –
|
RELATED TICKERS: EQY
, ITT
Futures continue to improve off of a healthy batch of economic reports, and primarily from a jobs report that showed new claims drop to 407k, which just below past expectations. Be careful on days like today though, as volume levels will be probably at or near its lowest levels of the year . [more]
November 24, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), HRS (45.34), CEL (34.17), RAH (60.75), MENT (10.73) [more]
November 23, 2010 –
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RELATED TICKERS: SPY
Hard day for the bulls to swallow as the market sold off hard and strong after a surprising rally off the lows the day before, that made folks believe the worst was behind us. Obviously the market had different intentions. I've gone ahead and recorded a market summary, and my observations of where I think it is going in the days ahead, and how you can prepare and be ready for whatever it is the market throws your way. [more]
November 23, 2010 –
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RELATED TICKERS: NVLS
, NWY
, SHLD
The basis for me adding a stock to my watch-list falls under one of three conditions: [more]
November 23, 2010 –
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RELATED TICKERS: CX
, CNO
, MIM
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 getting hammered lately, it would be nice to find those stocks that have minimal downside risk, based purely on company valuation. The stocks below represent those companies that are trading at less than half its book value. [more]
November 23, 2010 –
|
RELATED TICKERS: TIE.DL
, MENT
Market continues to trend lower. There have been some patches of buying along the way, but so far, the bias continues to point down. Currently, we are trading below the 1183 level on the S&P which I believe adds to the possibility that this market may have further to go down.I've jumped in both of the trades below - MENT at $11.05 and TIE at $17.14. [more]
November 23, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), HRS (45.34), CEL (34.17), RAH (60.75) [more]
November 22, 2010 –
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RELATED TICKERS: SPY
S&P continues to struggle, at the 1200 mark, and this battle is really starting to show the sudden weakness in this market after rallying for two months straight. I'd also like to point out the steep sell-offs after each rally to the 1200 mark, further signaling the underlying weakness in the S&P. And then to add to it all, you have a double-top formed on the 5-minute chart and its confirmation as it broke through the neckline earlier this morning. [more]
November 22, 2010 –
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RELATED TICKERS: PPO
, AXTI
, MGA
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 two months ago, and I bought it at $8.77/share, and has since climed up over 24%, while yielding a 10% dividend. [more]
November 22, 2010 –
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RELATED TICKERS: VPRT
, RAH
he market continues to trade in the red, but doing anything it can in early morning trading to close the gap. Once again, the battle for 1200 on the S&P is what today boils down to. [more]
November 22, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), HRS (45.34), CEL (32.89), BMRN (25.80) [more]
November 19, 2010 –
|
RELATED TICKERS: BMRN
, EQR
The markets are open and selling has ensued, as the bears look to avoid a push through of the 1200 mark (S&P), and to start filling the gap created yesterday in the charts. For both of the stocks listed below, I have a position, as of this morning in each of them. [more]
November 19, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), HRS (45.34), CEL (32.89) [more]
November 18, 2010 –
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RELATED TICKERS: SPY
Big day in the market today, but there is a number of questions in my mind that looms, casting doubt on the legitimacy of today's rally, both from a daily perspective and an intraday perspective. [more]
November 18, 2010 –
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RELATED TICKERS: DTV
, CEL
Market has opened and is continuing to build on its impressive gains. You have a morning-doji star candle pattern forming which could be a good sign of a short term bottom forming finally in the S&P. The key is whether it can reclaim the 20-day moving average and 1200 or if it will just sell-off after testing it. [more]
November 18, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), HRS (44.99) [more]
November 17, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), HRS (44.99)
Current Short Positions (stop-losses in parentheses): TFSL (8.30), ADBE (30.10) [more]
November 16, 2010 –
|
RELATED TICKERS: MTW
, VZ
, DTV
Below are the results of those stocks that are breaking down. There was a lot of results that came back, and instead of giving you over 300 stocks to choose from, I decided to hand-pick the best setups from the 300+ stocks and provide them below. What you'll find are those stocks that are showing signs of, or already in the process of, breaking down as the smart money appears to be heading for the exits as fast as they can. 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]
November 16, 2010 –
|
RELATED TICKERS: FXE
, PCXCQ
, URBN
For the trade performance review this week, the performance table is bracketed by the breakout that we saw on the 4th on one end, and on the other end is the continual sell-off since then. Hit hardest were the long positions in the portfolio, however, despite their not-so-great current returns, there was a HUGE opportunity to profit in PCX. One rule of thumb I try to abide by is that if a stock profits by more that 3% there is no excuse, to allow that stock to close out at anything less than breakeven. You don't want winners turning into losers, and when I have gains of 3%, I like to get my stop-loss up to break-even as quickly as I can. There is also a good case study with URBN the short setup which today saw a huge breakout on a positive earnings report. The lesson is that you never want to hold a stock through earnings, instead you want to close the position (regardless if it is a profit/loss) prior to it. In this case you would have made about 2.5% on the stock - not much, but a heck of a lot better than the 5% loss by holding it today. There was also profit opportunities in FXE and STRA, but nothing else beyond that. [more]
November 16, 2010 –
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RELATED TICKERS: ADBE
, MCD
Market has improved its situation ever so slightly off of its lows, but is still poised to open much lower and below that 20-day moving average. [more]
November 16, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), MCD (77.74), BIDU (104.74), GS (160.40), HRS (44.99), HTZ (11.78), KR (22.36)
Current Short Positions (stop-losses in parentheses): TFSL (8.69) [more]
November 15, 2010 –
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RELATED TICKERS: WR
, DKS
, MR
Here are 11 stocks that the street is continuing to get more and more bearish on over the past few months. Their short interest has continued to rapidly increase against their historical norms, and should be the leaders to the downside if we see further selling in the days and weeks ahead. [more]
November 15, 2010 –
I was made aware this morning by one of the people in the SharePlanner chat-room that they are being charge astronomical "Hard-To-Borrow" fees for shorting stocks. Even for a lot of your regular, "run-of-the-mill" stocks are being charged a high percentage fee tagged with shorting them. This is troublesome to me, especially considering that unless you call a representative at TradeKing prior to placing your trade and ask, you have NO WAY of knowing whether or not you are going to be charged an unbelievable percentage fee or not. [more]
November 15, 2010 –
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RELATED TICKERS: HRS
, TFSL
Stocks continue to move higher, though the Empire State Manufacturing Survey disappointed and caused a little bit of shakiness at the highs. It's also options expiration week, so that could also cause the market to act a bit eractic as well. [more]
November 15, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), MCD (77.74), CTXS (64.13), MENT (11.08), MON (61.20), GS (160.40), HRS (44.99), HTZ (11.78), KR (22.36)
Current Short Positions (stop-losses in parentheses): None [more]
November 13, 2010 –
So the NYSE reversal signal was legit, as we have seen from the past week. The problem is trusting it, when it gives that signal, because so many times, the market is trending heavily in our favor, and the last thing any of us want to do is cash in our chips when it seems like more can be made. The indicator is about half way to opposite end of the spectrum, where we begin receiving the "buy" signal. So going forward, it wouldn't be surprising to see some consolidation around the 20-day moving average, and that all important 200-week moving average, that held as well on a retest during the Friday session. [more]
November 12, 2010 –
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RELATED TICKERS: SPY
Rough day in the market for the bulls, but technically, there wasn't a lot of damage done to the charts. I've put together a market wrap-up video detailing it
Here's the Market Wrap-Up Vid.
November 12, 2010 –
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RELATED TICKERS: EEP
, BBBB.DL
, CSX
Market is selling off hard today, and I know there is probably a lot of people scurrying around to find some decent short positions to initiate, so I thought I'd provide you with a list of stocks starting to breakdown. 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]
November 12, 2010 –
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RELATED TICKERS: CTXS
, RBA
Futures are still well off of their lows, as they continue to pair their losses from their lows earlier this morning. European markets have done the same and are trading just below break even. As always, abide by your stops, they will be oh-so important today as the volatility is extremely high. [more]
November 12, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), NFLX (172.58), MCD (77.74), FLIR (28.18), BIDU (111.99), SPY (119.90), CTXS (64.13), MENT (11.08), MON (61.20)
Current Short Positions (stop-losses in parentheses): None [more]
November 11, 2010 –
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RELATED TICKERS: EXXI
, PDM
, HRB
This is one of the relatively new stocks screens that I have rolled out over the past couple of months, which is useful for finding those stocks starting to catch some momentum to the upside. This is similar to its sister-screen that I call "Stocks That Are Breaking Down" (but just the exact opposite). [more]
November 11, 2010 –
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RELATED TICKERS: MON
I'm pulling the trigger on one of the daily trading setups from a few days ago by going long on Monsanto (MON) at $62.93. I'm going to be much tighter with my stop-loss though by placing it at $61.20. If it goes lower than that, I'll be out of the trade. [more]
November 11, 2010 –
|
RELATED TICKERS: GBX
, SNDK
, RYL
Here's the performance review for all my daily long and short setups from 10/28 through 11/3. I wouldn't say that the performance was stellar by any means, and on the short side, there was a number of stops hit. However, prudent profit taking in the long-setups should have easily off-set the losses you many have experienced on the short side. At the very least there is no reason why one couldn't have broken even on these trades when all combined together - which isn't what I am gunning for per se, but lets face it, not every week will result in being profitable. Stocks like GBX and SNDK offered the best chances to profit at 9.7% and 11.1% respectively, while on the shorts side the opportunities were minimum with RYL (3%) and CMC (3%). [more]
November 11, 2010 –
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RELATED TICKERS: MENT
I will admit, I was a bit nervous about pulling the trigger on this one, but you have to put those feelings aside, and trade off of the charts, and at the time I bought Mentor Graphics (MENT), I noticed the the market was consolidating at its lows and trying to bounce off of the current upward trend-line as well as the 10-day moving average. MENT was also holding support at where it broke out yesterday, and offered and intriguing trade setup, so I took it. Granted this market could reverse and go lower, and totally blow me out of this position, but that is the inherent risk that goes along with trading. [more]
November 11, 2010 –
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RELATED TICKERS: TIE.DL
, HTZ
Futures continue to deteriorate, with the market staring at a 1% loss to begin the day. CSCO earnings and what might come out of the G-20 meeting continues to push the market lower. We're poised to test the 10-day moving average on the S&P which has continuously acted as support for this trending market. Today it will be interesting to see if it can hold. [more]
November 11, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), NFLX (172.58), MCD (77.74), FLIR (28.18), BIDU (107.15), SPY (119.90), CTXS (63.20)
Current Short Positions (stop-losses in parentheses): None [more]
November 10, 2010 –
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RELATED TICKERS: CTXS
Here's my third and last new position for the day - Citrix Systems (CTXS). I plan on waiting until tomorrow reevaluate everything, and then consider adding any additional new positions to the portfolio. As always adhere to a stop-loss - doesn't have to be mine, but should be one you are comfortable with. [more]
November 10, 2010 –
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RELATED TICKERS: BIDU
I bought shares of Baidu (BIDU) this morning on a test of the 20-day moving average. After forming a bull flag, this stock look to move much higher. But no one can be sure of that, and that is why I put a stop-loss in there at $104.74. [more]
November 10, 2010 –
|
RELATED TICKERS: FLIR
, STRA
Futures are rallying off of a Jobless Claims report that far exceeded analyst expectations, coming in at 435k versus expectations of 450k. Below are the long and short setups. Yesterday, I bought FLIR at the market close which is today's long setup. [more]
November 10, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), NFLX (165.00), MCD (76.92), QID (11.92), FLIR (27.19)
Current Short Positions (stop-losses in parentheses): None [more]
November 09, 2010 –
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RELATED TICKERS: FLIR
After closing out my long position in QID (Nasdaq UltraShort ETF) at the end of the day at $12.34, I bought a position in FLIR Systems Inc. (FLIR) at $28.35 with a stop-loss at $27.19. There's no certainty that today's sell-off won't continue into tomorrow, however, I felt that it was appropriate to begin dipping my toes in the water here, by adding a new position in the portfolio for the next leg up in the market. More than likely I'll be adding more positions to the portfolio tomorrow, ideally on weakness. [more]
November 09, 2010 –
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RELATED TICKERS: HRS
, BIDU
, ARMH
The basis for me adding a stock to my watch-list falls under one of three conditions: [more]
November 09, 2010 –
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RELATED TICKERS: DTV
, KO
, XOM
For those who don't want to put a lot of faith in this rally we have been in over the past two and a half months, but don't want to completely sit it out completely either, I've provided below a list of stocks that are more defensive than growth oriented. These are stocks that shouldn't see a lot of volatility and won't fall through the floor, should this market make a turn downward. These stocks represent a good balance of companies that are dependable, stable, collect a respectable dividend and hold their value all at the same time. [more]
November 09, 2010 –
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RELATED TICKERS: SPY
S&P is hitting a major Fibonacci retracement level right now at the 61.8% mark. I spoke briefly about it in my Daily Trading Plan from this morning, but I thought it deserved a second look. This is the second time we have tested this mark, the first time being back in April prior to the Summer Sell-Off. I think its a strong likelihood we'll push through, but in the mean time, we could see the market consolidate some, and the bears provide some resistance before ultimately giving it up. [more]
November 09, 2010 –
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RELATED TICKERS: URBN
, MON
Futures continue to consolidate near their overnight highs, with very little in the way of economic reports to affect change on that, so it will be upon the bulls and bears to determine at the open whether they are in a profit taking mode today or if they want to push this market even higher today. The jury is still out, but I'm going to be waiting for a pullback with a number of long setups waiting in the wings. [more]
November 09, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.28), NFLX (165.00), MCD (76.92), QID (11.92)
Current Short Positions (stop-losses in parentheses): SBUX (31.37) [more]
November 08, 2010 –
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RELATED TICKERS: SPY
Here's my market wrap-up video for today and where I see this market going and more so, how you can prepare yourself regardless of how the market plays itself out. Here's the Market Wrap-Up Video.
November 08, 2010 –
|
RELATED TICKERS: PRIM
, BKS
, EPM
It's been a month or so 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 10 companies whose insiders are significant owners of the stocks mentioned below. Some of these stocks, management owns as much as 71% of the outstanding shares (PRIM). 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]
November 08, 2010 –
The NYSE Reversal Indicator continues to work off its overbought conditions, and has a little bend to it right now, representing the huge breakout we saw last week. Further strength this week could reverse its course, and give us another buy signal. We have yet to really see any decent amount of selling creep into the markets of late, instead, when we got the "sell" signal on the NYSE Reversal Indicator, we got two weeks of consolidation, before finally breaking out. I ultimately believe this market goes higher, but we could see some choppy action in the markets, similar to the October consolidation, until it can work off the oversold conditions we are currently in. [more]
November 08, 2010 –
|
RELATED TICKERS: GBCI
, RAH
Futures continuing to look weak, which, should it accelerate at all to the downside, would offer us a great opportunity, at some point in the day, to add a few new long positions to the portfolio. [more]
November 08, 2010 –
|
RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (10.21), NFLX (165.00), MCD (76.92), QID (11.92)
Current Short Positions (stop-losses in parentheses): SBUX (31.37) [more]
November 05, 2010 –
|
RELATED TICKERS: AAPL
, GS
, NFLX
The basis for me adding a stock to my watch-list falls under one of three conditions: [more]
November 05, 2010 –
|
RELATED TICKERS: NLY
, HTS
, RNP
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. With the recent market rally, a lot of dividends have been diluted due to price appreciation, so the best strategy going forward is to watch these stocks and wait for a pullback in the ones that you are targeting specifically before putting any capital to work. [more]
November 05, 2010 –
|
RELATED TICKERS: FXE
, SNE
Futures are holding steady ahead of the employment report. I don't think the market will be as forgiving to investors today if the report misses as bad yesterday's Jobless Claims did. With your trades today, you'll want to be very nimble and patient with entries. It definitely isn't a time to suddenly get aggressive to the short-side, as the bulls have complete control of this market, and as for going long on stocks, you may want to let this market come back down to earth some after yesterday's huge rally. [more]
November 05, 2010 –
|
RELATED TICKERS: SPY
, QID
Current Long Positions (stop-losses in parentheses): TICC (9.97), NFLX (165.00), MCD (76.92), QID (11.92)
Current Short Positions (stop-losses in parentheses): None [more]
November 04, 2010 –
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RELATED TICKERS: SPY
Solid day for the bulls to say the least, and we saw the market close a shade above the April Highs. But I was hesitant on adding any new positions to the portfolio and for the most part, closed out the majority of my long positions, and took a sizable short position on the Nasdaq via QID with the expectation that we should see some consolidating/profit taking in the days ahead. I've provided my market-wrap up video here for you. [more]
November 04, 2010 –
|
RELATED TICKERS: HOLX
, EXPE
, NSIT
Today I'm providing a very contrarian stock screen in respect to the market action we are seeing today. As I've mentioned numerous times throughout today, I am a bit concerned that the market is going to have a difficult time in holding these gains, considering how over extended in just one day that we are. Just a quick look at a bollinger-band set up will explain everything. So below, I've provided for you 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]
November 04, 2010 –
|
RELATED TICKERS: QCOM
, WFM
Two more day-trades when the market opened, one in QCOM and the other in WFMI. Both were profitable, but the window of opportunity to seize profits was small. So you had to be quick with the trigger, and take the profits when you had them. Here's my day-trade recap. [more]
November 04, 2010 –
|
RELATED TICKERS: PCXCQ
, SLXP
We are breaking out of recent consolidation for the market. Below are the morning trade setups, for those who are still holding on to a lot of short positions, be very careful about letting a market that is on a technical breakout, continue to run against your positions. [more]
November 04, 2010 –
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RELATED TICKERS: PCXCQ
Current Long Positions (stop-losses in parentheses): TICC (9.62), GLD (130.99), SSO (42.57), SNDK (36.59), AMZN (161.90), JACK (23.16), GHL (75.95), NFLX (165.00)
Current Short Positions (stop-losses in parentheses): None [more]
November 03, 2010 –
|
RELATED TICKERS: NFLX
, CEG
, SYK
[more]
November 03, 2010 –
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RELATED TICKERS: QCOR
, AXL
, GIII
We remain stuck in the market that has no desire to breakout or breakdown. Just when you thought the trading range in the S&P couldn't get tighter, it gets tighter. As a result, making profits in this type of market can be hard to come by. However, the Daily Trade Setup performance from 10/21 through 10/27 was solid. There was plenty of profit to be had on both sides of the trade. Though you will never get the optimal amount of profits on the trade, there was, nonetheless, plenty of opportunity to profit in between both long and short setups. QCOR led the way with 22% in profits currently, and trades in AXL, MYR and GIII gave plenty of opportunity to profit 5% or more. [more]
November 03, 2010 –
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RELATED TICKERS: BP
, HIG
Two day-trades this morning, on the whole I managed to be profitable (HIG). The other, BP, was a snoozer to say the least and got out when it showed no enthusiasm at all. Here's the video recap.
November 03, 2010 –
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RELATED TICKERS: GHL
, RYL
Futures still remain in positive territory, as we still have a lot of reports due out later this morning, not to mention the FOMC Statement at 2:15pm ET. [more]
November 03, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (9.62), GLD (130.99), SSO (42.57), SNDK (36.59), AMZN (161.08), BAC (11.34), JACK (23.16), GHL (75.95)
Current Short Positions (stop-losses in parentheses): None [more]
November 02, 2010 –
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RELATED TICKERS: JACK
The one other trade that I made to the portfolio today was Jack In The Box (JACK), off of a breakout of the bull flag (similar to GHL) that it had been trading in. The stock has already preformed very well, up already 1% from where I bought it. This pick actually came from one of our regulars in the chat-room (open to everyone), who happened to spot it breaking out. My entry into JACK was at $23.52. [more]
November 02, 2010 –
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RELATED TICKERS: GHL
Couple of new swing-trades to the portfolio - GHL and JACK. The former of which is detailed below. As it stands right now, the market has struggled to break the 1196 level on the S&P, but unlike previous attempts, we haven't seen a significant sell-off ensue as a result. [more]
November 02, 2010 –
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RELATED TICKERS: GHL
, TYC
, TTI
This is one of the relatively new stocks screens that I have rolled out over the past month or so, which is useful for finding those stocks starting to catch some momentum to the upside. This is similar to its sister-screen that I call "Stocks That Are Breaking Down". With earnings season in full-swing, you will want to make sure that you carefully note when the company is reporting so that you don't get in prior to an earnings announcement and get pummelled as a result. [more]
November 02, 2010 –
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RELATED TICKERS: MPEL
, NTRI
Two more trades, a few lessons that I took from them. On one, I was essentially break-even while on the other I turned in a loss. Here's the recap & analysis on the trades.
November 02, 2010 –
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RELATED TICKERS: GBX
, CMC
So far, so good. The only problem is that we've seen these large gap ups in the morning, only to see them quickly evaporate at the open. Whether we see that happen again is any one's guess, but the key is to watch the main price levels and how the market responds to them. For more details on that, check out my Daily Trading Plan. [more]
November 02, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (9.62), GLD (130.99), SSO (41.84), SNDK (36.59), AMZN (161.08), BAC (11.34) [more]
November 01, 2010 –
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RELATED TICKERS: SPY
I happened to actually stumble across this interesting chart today and I want to share it with you all. What you have is the S&P using the weekly candles and a 200-week moving average. What is concerning here is how the market has tried three times now to break through it, dating back to August of 2008, and the first two times it has resulted in a major, and I do mean a major sell-off. So this third time, will we finally break through it or not? Not sure. But I can tell you this much, eventually it will break and when it does it will likely lead to a huge breakout as it has done before in the past. Today could have been that day in which we broke through as the 200-week moving average currently sits at 1193 and we went as high as 1196 at one point today. So continue to monitor this important resistance barrier that is wrecking havoc on the markets currently. [more]
November 01, 2010 –
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RELATED TICKERS: BHI
I only had one day-trade today, but if you want to take a look at how I traded BHI interms of entry, stop-loss and trade management, then take a look at the quick video podcast I put together. The trade ultimately ended up a loser, but was a loss that was completely acceptable due to how I managed the risk. [more]
November 01, 2010 –
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RELATED TICKERS: JBLU
, HGG
Despite some strong market action overnight, the market, like last week, is trying to figure out a way to give back the gains is has accrued in the pre-market. We'll see whether we end this day in another doji pattern - we've done so for the past five sessions straight. However, if we can at least maintain the current gains it has in the pre-market, the market should gap above some recent resistance and possibly rally from there. [more]
November 01, 2010 –
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RELATED TICKERS: SPY
Current Long Positions (stop-losses in parentheses): TICC (9.62), GLD (130.99), SSO (41.84), DIS (35.75), GS (160.35), SNDK (36.59), AMZN (161.08) [more]
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