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April 2007
You are browsing the archive for April 2007.
No New Swing Shorts For Tuesday
Today was a distribution day but the market is still in an overall uptrend on all time frames except the very short-term.
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One New Speculative Featured Swing Long, Two New Speculative Swing Longs, One Featured Long I Am Adding To My Existing Position, And Three Speculative Stocks I Am Adding To My Existing Positions
new speculative Featured swing long: ICFI
ICFI is bouncing off support and the pivot point of the early April breakout, on very strong volume. Lots of pretty green BOP in this chart. Cut your loss with a close below the 20.30 level, if the stock does not follow-through immediately.
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One New Featured Swing Long, One New Speculative Featured Swing Long, Three New Speculative Longs, And Six Speculative Longs I Am Adding To My Existing Positions
new Featured swing long: DRIV
DRIV is breaking out of an ascending base pattern on strong volume. Cut your loss with a close below the 50 dma, if the stock does not follow-through on the breakout immediately.
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No New Swing Shorts For Monday As The Market Is In An Insane Uptrend; Fighting This Bullish Beast Is Foolish
DO NOT FIGHT THE TREND!
If this was a bear market, these two stocks would make great shorts: AKAM ORI
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One New Very Speculative Swing Long, One Featured Long I Am Adding To My Existing Position, And Three Speculative Longs I Am Adding To My Existing Positions
new very speculative swing long: ACUS
ACUS is breaking out above the downtrend line connecting the highs of April and bouncing off strong recent support, on strong volume. The uptrend off the April lows was on extremely strong accumulation and the pullback that followed was on very low volume. Both excellent developments. BOP has been green [...]
No New Swing Shorts For Friday
No new swing shorts for Friday as the market is in a clear uptrend. The greatest traders of all-time NEVER fought the general trend of the market. I agree with them completely.
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