No New Swing Shorts For Monday As The Market Is In A Powerful Uptrend

February 24, 2007 | Leave a Comment

3 out of 4 stocks follow the general trend of the market and the greatest traders of all-time NEVER bet against the general trend.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Stock Indexes Rally Off The Lows, Once Again, But Close Mixed

February 23, 2007 | Leave a Comment

It was another wild session, with an intraday bullish bias, after a weak opening. Thanks to bad news out of Iran (did you expect anything else?) and crude oil rising 1.5% on news that inventories were smaller than expected, big caps suffered. However, some positive action in Semiconductor stocks and news that WFMI is buying OATS helped save the Nasdaq. A mixed day to a wild yet uneventful session best sums it up. Read more

Posted by Joshua Hayes | Filed Under Free Commentary

One New CANSLIM Long, Three New Speculative Longs, And Three Stocks I Am Adding To My Existing Positions

February 22, 2007 | Leave a Comment

New CANSLIM swing long: SYK

SYK is breaking out of a very nice flat base, on very strong volume. This stock is breaking out from a base that is coming after a long uptrend but the breakout is on such strong volume that more highs look to be in store. The uptrend has been filled with accumulation, low volume pullbacks, and BOP near the zero line with it recently getting green. This is a very pretty chart. The stock’s fundamentals are solid also. EPS has been growing 20% or better for the past four quarters; sales have been growing 9% or better for the past eight quarters. The low volatility, good chart and fundamentals make this a good long for everyone. Cut your first loss w/ a close below the 61.32 level and your final loss w/ a close below the 50 dma, if the stock does not follow-through on the breakout immediately. Read more

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Swing Shorts For Friday As The Market Is Still Hitting All-Time/Six-Year Highs; Two Charts

February 22, 2007 | Leave a Comment

3 out of 4 stocks follow the market and all the greatest speculators NEVER bet against the general trend of the market.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Blue Chips Get Hit; Nasdaq Stages Another Bullish Intraday Reversal, Closing At Its HOD

February 22, 2007 | Leave a Comment

Stock indexes gapped lower this morning as CPI data came in higher than expected. The CPI rose .2% as core prices had their biggest jump since June. That along with Fed minutes showing that the Fed is still targeting inflation was enough to send all the indexes lower. However, showing just how strong this market is, stocks crawled off their lows of the day and the Nasdaq even closed at its HOD. Read more

Posted by Joshua Hayes | Filed Under Free Commentary

One New CANSLIM Swing Long, One New Speculative CANSLIM Swing Long, Two New Speculative Longs, And Three Stocks I Am Adding To My Existing Positions

February 21, 2007 | Leave a Comment

New CANSLIM swing long: CTRN

CTRN is bouncing off the pivot point support of the February gap breakout, on average volume. This stock appears ready to start another upleg as volume was really low on the pullback leading up to this bounce right near the 50 dma. BOP has been max green nearly the entire way, making this recent chart pattern very pretty, after an ugly May to August. This stock does have good fundamentals but they are slowing. EPS has gone from growing 63% to 11% the past three quarters. Sales have dropped to growing at a 25% clip. Fund ownership is also going down over the last two reporting periods. This is only an OK long. There is nothing really special here even though it is a CANSLIM stock. Cut your loss w/ a close below the 50 dma, if the stock does not follow-through on this bounce immediately. Read more

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Swing Shorts For Thursday

February 21, 2007 | Leave a Comment

The market is still in a powerful uptrend, hitting new highs, and having every dip bought. With 3 out of 4 stocks following this overall trend, there is no reason to short.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Stocks Reverse Ugly First-Hour Selloff, As Leading & Small Cap Stocks Lead The Way; Bulls Are In Full Control

February 20, 2007 | Leave a Comment

Early losses soon turned into gains, after a long three-day weekend, as investors bid stocks up on the back of plenty of good news. News of a deal between SIRI and XMSR, VMC acquiring FRK, Oil dropping 2.2%, and positive comments from Fed gov. Susan Blies was just what the market wanted to hear, as stocks closed at all-time and multi-year highs. Read more

Posted by Joshua Hayes | Filed Under Free Commentary

One New Speculative CANSLIM Swing Long, Five New Speculative Swing Longs, And Four Stocks I Am Adding To My Existing Positions

February 20, 2007 | Leave a Comment

New speculative CANSLIM swing long: TWIN

TWIN is breaking out of a very tight flat base, on very strong volume. This comes after an uptrend full of accumulation, low volume pullbacks, and max green BOP. The fundamentals are great with EPS growing 48% or better the past 6 quarters and sales rising 14% or better the past four quarters. This is not recommended for newbies, due to the volatility and low average daily volume. Cut your loss w/ a close below 42.33, if the stock does not follow-through immediately. Read more

Posted by Joshua Hayes | Filed Under Free Archives Longs