New Swing Shorts
December 18, 2006 | Leave a Comment
No new swing shorts YET, as the market is still in a solid uptrend off of the July/August lows. 3 out of 4 stocks follow the market and until the market is in a clear downtrend shorting is NOTHING but a dangerous game.
New Swing Shorts
December 16, 2006 | Leave a Comment
There are no new swing shorts for Monday as the market is still in a solid uptrend with the SP 500 hitting 6-yr highs. 3 out of 4 stocks follow the general trend and the trend is up so go with the trend my friend.
Quadruple Witching Turns Out To Be Quadruple Boring.
December 15, 2006 | Leave a Comment
Stocks closed the week up for the third straight session, with the help of a kind inflation data. The CPI came in unchanged from a month ago and that helped lift stocks higher. But after stocks hit their highs of the day around 11am EST, they basically drifted lower for the rest of the session closing with small gains.
The SP-500 Makes Another Six-Year High; Bears Still Don’t Get It.
December 14, 2006 | Leave a Comment
Stocks gained ground off of crude oil rising 2%, drifting with an upward bias on the DJ and downward bias to a green close. The gains in the face of bad news was a clear sign of just how strong this market STILL is.
New Swing Shorts
December 14, 2006 | Leave a Comment
No new swing shorts for Friday as the market is still in a very solid uptrend. 3 out of 4 stocks follow the market.
Early Morning Fireworks Soon Give Way To A Dull Driftless Day Of Trading.
December 13, 2006 | Leave a Comment
A gap open in the morning, thanks to some Airline merger news and strong retail sales, soon gave way to some quick selling that took the indexes slightly to the red. After those early morning lows stocks danced around the flat-line area until the final hour when they caught a small bid and managed to close green.
Stocks Shake Off Early Morning Hit And Rally Off The FOMC; Nasdaq Suffers Third Distribution Day In Four Weeks.
December 12, 2006 | Leave a Comment
Stocks started the day pretty calm and soon gave way to some very rapid selling that dropped the indexes hard to their lows of the day; the Nasdaq fell as much as 1%. However, stocks found strong support on that selling and after the FOMC announcement stocks worked higher finishing well off the lows. Overall, a very impressive fight back from what looked to be like a really bad day in the making.
- No New Long Positions For Friday’s Stock Market Session
- No New Short Positions For Friday’s Stock Market Session
- No New Short Positions For Thursday’s Stock Market Session
- One New CANSLIM Long Position For Thursday’s Stock Market Session
- No New Long Positions For Wednesday’s Stock Market Session
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