March 2007

You are browsing the archive for March 2007.

Seven New Speculative Swing Longs And Three Stocks I Am Adding To My Existing Positions

new speculative swing longs: HGR GGAL VCC MRB GMA SONE ECI
HGR is breaking out from a very flat pretty base, on very strong volume. Well, they don’t get much better than this (except BOP could have been max green). In the middle of January HGR broke out of a basing pattern on extremely strong trade [...]

No New Swing Shorts For Monday As The Market Is Still In An Uptrend Off The March 14 Lows

No new swing shorts for Monday as the market is starting to offer up a lot of pretty young speculative stocks to go long. Even though this market has NO quality stocks breaking out of fresh bases, and lower prices would seem to be expected the way the market is acting, it is still not [...]

Bullish Intraday Reversal, Helps Stocks Avoid Another Possible Ugly Day; Stock Indexes Close Higher On Lower Volume

One New Speculative Swing Long And One Speculative Stock I Am Adding To My Existing Position

new speculative swing long: GLBC
GLBC is bouncing off the 50 day moving average, on strong volume. This stock has been in a steady uptrend since the August lows, with strong accumulation, low volume pullbacks, and green BOP all over this chart. Even before the stock found a bottom, max green BOP littered this chart from [...]

No New Swing Shorts For Friday As The Market Is Still In An Uptrend From The March 21st Follow-Through Day

Even though I am not taking any shorts due to the fact that 3 out of 4 stocks follow the general trend of the market. That trend, while it may not be a great upward beast, is still not in a downtrend and unless the market is in a downtrend I simply find it too [...]

Stock Indexes Close Lower On Higher Volume, Producing The First Distribution Day Since The Follow-Through On Wednesday; Is This Rally Done Already?

One New Very Speculative Featured Swing Long, Five New Speculative Swing Longs, And Two Stocks I Am Adding To My Existing Positions

new very speculative Featured swing long: JAX
JAX is bouncing off recent support and breaking out of a nice flat base pattern, on very strong volume. This stock has been in a nice steady uptrend since 2003, building nice long bases along the way. Those bases are characterized by their constant accumulation at key support areas [...]

No New Swing Shorts For Thursday As The Market Is Still In A Solid Uptrend Off Of The March 14 Lows

The market still is not selling off on huge volume signaling to us that a bear market is here. Until, the trend is down on HUGE volume and we lose all of our pretty charts, like we started to after the Feb 27 sell-off, it is not smart to go short and fight the trend. [...]

The Bad News From The Housing Sector Just Doesn’t Stop; Stocks End Lower But On Lower Volume

One New Speculative Featured Swing Long, Six New Very Speculative Swing Longs, And One Stock I Am Adding To My Existing Position

new speculative Featured swing long: EDGW
EDGW is breaking out from a cup with high handle pattern, on very strong volume. This stock has been in a nice solid uptrend for years, with plenty of accumulation, low volume pullbacks, and max green BOP along the way. In April of 2006, the stock started a pullback on [...]