February 2007

You are browsing the archive for February 2007.

There Are No New Swing Longs For Thursday As Scans Of Over 900 Charts Fails To Produce A Single Long

The title says it all. I scanned around 900 charts from all my scans and only three looked somewhat good to me (CRYO ORNG SUNH) but something was wrong with all the charts. There was something I did not like about all of these. Either low volume, a cup without a volume surge that needs [...]

No New Swing Shorts For Thursday As The Market Still Has Not Entered A Clear Downtrend Under Heavy Distribution

The market still is not in a full downtrend under 4 or 5 distribution days in the past month. Therefore, it still is not the right time to short stocks. The trend still is not established. We are going to probably bounce around HARD in this area for a while or at least get some [...]

China’s Market Crashes Sending Shockwaves Throughout World Financial Markets; 215% Run In Twenty Months Is Not Sustainable

One New Speculative Featured Swing Long For Wednesday

New speculative Featured swing long: HEIA
HEIA is bouncing off the 50 dma, on very strong volume. This stock has been in a steady uptrend since 2005, constantly finding support at the 50 and 200 dma with accumulation on the uptrends and low volume pullbacks when the stock comes down. BOP has been around the zero [...]

No New Swing Shorts For Wednesday As The Market Is Still Not In A Confirmed Bear Market

3 out of 4 stocks follow the trend of the market. The trend is starting to change but before it does, IF IT DOES, it is going to get very choppy in the short term. With only two distribution days on the markets, there still needs to be a couple more distribution days before we [...]

A Blast From The Past Puts Pressure On Stocks; Normal Selling Hits The Averages

No New Swing Shorts For Tuesday As The Market Is Still In A Very Strong Uptrend

3 out of 4 stocks follow the general trend of the market and that trend is up and the best traders never bet against the trend. Bottom line: Don’t short a rising market.

One New Speculative Featured Swing Long And One New Speculative Swing Long

New Featured speculative long: EML
EML is bouncing off support and breaking out over the past seven days’ highs, on strong volume. This stock has been in a very strong uptrend since September that coincided with BOP going max green. After a stock split the stock continued to rally on strong volume that culminated with an [...]

Indexes All Finish In The Red But Still Finish Well Off The Lows; Leading, Tech, And Small-Cap Stocks Lead This Week

Three New Speculative Featured Longs, Three New Speculative Longs, And Four Stocks I Am Adding To My Existing Positions

New speculative Featured longs: UCLP IART ATR
UCLP is breaking out of a short cup which is also part of a longer base on base pattern. Volume is lacking on this breakout but the price pattern it formed in the base and on this breakout signal that sellers have dried up. BOP has been a high [...]