No New Swing Shorts For Monday But I Will Post Stocks That Would Make Great Shorts If This Were A Bear Market.
January 26, 2007 | Leave a Comment
3 out of 4 stocks follow the general trend of the market.
Below are a list of short candidates that, if we were in a bear market, would make great plays:
Today Was The Exact Opposite Of Yesterday, As The Market Stages One Ugly Reversal; Mixed Volume Leaves Things A Bit Ambiguous.
January 26, 2007 | Leave a Comment
After such a nice day yesterday, where the Nasdaq bounces right off its 50 dma, the last thing you want to see is an immediate reversal; well that is what we got. Stocks almost gave back all of yesterdays gains in the Nasdaq and gave all of the gains back in the SP 500 and DJIA on a report on existing-home sales. This along with a weak response to the 5-year note auction helped slam stocks. Read more
No New CANSLIM Swing Longs, Two Speculative Longs, And Two Stocks I Am Adding To My Position.
January 25, 2007 | Leave a Comment
New Speculative Swing Longs: KAR ZICA
KAR is breaking out of a tight flat base on very strong volume. However, I am not sure why this stock is rising since it is supposed to be getting bought out at a lower price. Maybe they will increase the bid much higher. Whatever the case may be, this chart is saying it wants to go higher. Accumulation has been HUGE since the offer, BOP has been green to max green the whole way, and price is breaking out above resistance. Cut your loss w/ a close below 27.56, if the stock does not follow through on this breakout. Read more
Market Is Showing More Weakness; Still Not Time To Short Yet.
January 25, 2007 | Leave a Comment
3 out of 4 stocks follow the general trend of the market. That trend is up and not yet down. Therefore, it is still not time to be shorting stocks. Be prepared to but don’t start yet. The market is still in a long term and intermediate term uptrend on ALL indexes.
Stocks Show Why It Is Silly To Short The Market Before A Clear Downtrend Is In Place.
January 24, 2007 | Leave a Comment
A lot of good earnings helped the market shake off some recent selling as stocks rose across the board with leaders leading the way.
At the close, the Nasdaq led the way with a 1.4% gain as the index reclaimed its 50 dma, the SP 600 followed with a 1% gain, the SP 500 was up .85%, and the DJIA put in a very solid .7% gain. Leading stocks were the clear winners, with the IBD 100 up 1.6%. Big cap tech was the best on the day, however, as the Nasdaq 100 rallied 1.65%. Read more
One New CANSLIM Swing Long, Three Speculative Longs, and Two Stocks I Am Adding To My Existing Positions.
January 24, 2007 | Leave a Comment
New CANSLIM longs: LAYN
LAYN is breaking out to a new closing high from a base on base pattern, on very strong volume. This chart was a bit choppy but still had a steady uptrend, until that December breakout gap. Since then, the stock has held support of the breakout day and is now breaking out to new closing highs. The heavy accumulation showing up on the chart along with BOP being very green the past two months makes this a pretty chart. EPS growth has been good the past four years with earnings growth between 34 and 122%. Sales growth during that time has been between 62-76%. Combine the nice chart with the great fundamentals and you have a great long. Cut your loss with a close below the 32.65 level, if the stock does not follow-through on this breakout. Read more
Do You See Why We Don’t Short The Market Until The Trend Is Clearly Down?; No New Swing Shorts For Thursday.
January 24, 2007 | Leave a Comment
No new swing shorts as the market is clearly telling us that the trend is still up. Buyers are still in control and until longer term trends turn down, it is stupid to short this market. 3 out of 4 stocks follow the general trend and that general trend is still up. Therefore, there is more money to be made on the long side now than the short side.
Small Caps Lead But Nasdaq Almost Completes A Nasty Round Trip.
January 23, 2007 | Leave a Comment
Stocks were looking very strong today until an afternoon selloff wiped away almost all of the gains. The sell-off started after news that President Bush stated that he would try to double the Strategic Petroleum Reserve as a hedge to supply disruptions. I interpret this to mean that a conflict with Iran will mean a disruption in supply. However, by the close all indexes escaped with positive closes. Read more
No New CANSLIM Swing Longs, No New Speculative Longs, and Four Stocks I Am Adding To My Existing Positions.
January 23, 2007 | Leave a Comment
New CANSLIM swing longs: NONE
New speculative swing longs: NONE
Adding to current holdings: LTM RMKR MCDT RENT
LTM is bouncing off the 50 dma on very strong volume and hs completed the breakout from a base on base pattern going back to April. Accumulation was strong on the right side of the first base and it is very heavy again on this right side and bounce off the 50 dma. This comes after creating this base on low volume. The volume structure is very solid. To go along with the volume, BOP did a nice job of not turning red during the base and is now moving into the high green levels. EPS for the last eight quarters have been 12% or better and sales have been 20% or better for the past eight quarters. That is some impressive growth. Cut your loss w/ a close below the 50 dma with a final cut loss w/ a close below the $48 level, if the stock does not move higher immediately. Read more
No New Swing Shorts For Wednesday.
January 23, 2007 | Leave a Comment
Stocks are still in a mixed trend and even in a mixed trend longs do better than shorts. 3 out of 4 stocks follow the general trend of the market and even though the market is in short-term downtrends the longer-term trends are still up. The best speculators NEVER bet against the trend and I will not either.
- One Stock I Am Adding To My Existing CANSLIM Long Positions For Friday’s Stock Market Session
- One New Short Position For Friday’s Stock Market Session
- One New Speculative Long Position I Am Adding To My Current Position For Thursday’s Stock Maret Session
- No New Short Positions For Thursday’s Stock Market Session
- One New Short Position For Wednesday’s Stock Market Session
Categories
Past Big Winners Longs
Listed By Year
Members Forums
- General Discussion
- Stocks Worth Watching / Complete & Partial Sells
- Stock Market Articles
- Portfolio Holdings
- Mutual Funds
- Platinum Chat Archives
Popular Tags
-
aapl
accumulation
accumulation distribution
amex
ASYS
bad news
big boys
breadth
bulls
closing bell
DAR
decline
djia
dma
downside
FFH
final hour
FNDT
gap
goog
great news
hod
IBD
indexes
intraday
jobless claims
lod
long
longs
lows
moving average
Nasdaq
nasdaq 100
nassy
NYSE
PDGI
pullback
rally
rimm
short
shorts
small caps
sp 500
stocks
third day
