No New Swing Shorts For Monday As The Market Is In A Very Powerful And Speculative Uptrend; DO NOT FIGHT THE OVERALL TREND OF THE MARKET

April 21, 2007 | Leave a Comment

No new swing shorts for Monday

If this was a bear market, these stocks have set up in perfect short patterns and would make great shorts: PXP AMR ZION SIRF

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Two New CANSLIM Swing Longs, Five New Speculative Swing Longs, One CANSLIM Swing Long I Am Adding To My Position, And One Speculative Swing Long I Am Adding To My Position

April 21, 2007 | Leave a Comment

new CANSLIM swing longs: ASD SCA

ASD Read more

Posted by Joshua Hayes | Filed Under Free Archives Longs

Nasdaq (According to IBD) And NYSE Suffer Another Distribution Day; DJIA Leads Again

April 20, 2007 | Leave a Comment

Stocks gapped lower on the back of weak Asian markets that saw the Shanghai, Hang Seng, and Nikkei indexes all lose over 1.7%. The delay in the GDP release in China was the cause of all the Asian selling. After the Asian markets closed, GDP was announced to have come in 11.1% higher in the most recent Chinese quarter. This caused inflation and rate hike worries that spilled over into our markets. However, showing that you can’t keep this market down, dip buyers stepped in again and bid stocks higher until after 1pm where the indexes finally calmed down keeping a lid on the gains for all the indexes but the DJIA. Read more

Posted by Joshua Hayes | Filed Under Free Commentary

No New Swing Shorts For Friday As The Market Is Still In A Solid Uptrend

April 19, 2007 | Leave a Comment

There are no new swing shorts as the market is still in an overall long-term uptrend.

There were three stocks that would make very good shorts, if this was a clear bear market: WCC NG NVLS

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Four New Extremely Speculative Swing Longs For Friday

April 19, 2007 | Leave a Comment

new extremely speculative swing longs: GAP GMTN BZI GCFB

GAP is bouncing off the 50 dma and closing at the HOD, on very strong volume. This stock has been in a beautiful long-term uptrend since 2005 that has seen a lot of accumulation and green BOP. Starting with the breakout in February, this chart really started looking good with strong accumulation and green BOP showing up again. The whole uptrend, since that February move started has been with BOP green the whole way (minus one day), clear accumulation, and no selling. The nice quiet drift down to the 50 dma has now been followed by a heavy volume bounce that should lead to the next leg up. This is a pretty chart since February and on a very long-term daily is a very nice chart also. However, that is all we have here as the fundamentals are UGLY. EPS and sales are both bleeding red ink but despite that fund ownership has increased from 69 to 71 funds. Maybe it is the 86% ROE that they like or maybe it is because the losses are narrowing. No matter what the reason is, it doesn’t matter for new emotional inexperienced traders as they should keep this very small if they should even buy it at all. Cut your first loss with a close below the 50 dma and your final loss with a close below the 31.26 area, if the stock does not follow through on this bounce immediately. Read more

Posted by Joshua Hayes | Filed Under Free Archives Longs

Stocks End Mixed On Higher Volume; Nasdaq Suffers 3rd Distribution Day Since March 21st Follow-Through

April 18, 2007 | Leave a Comment

Stocks started the day off on a bit of a sour note, thanks to YHOO’s earnings release last night. YHOO dropped 12% today and had a very negative effect on the indexes in the early going. But proving that you can not stop these dip buyers, stocks rallied off the morning lows and stair-stepped higher all day long until the final hour where stocks pulled back some. When it was all said and done, stocks closed mixed, with the DJIA and SP 500 rallying for the fifth day in a row. Read more

Posted by Joshua Hayes | Filed Under Free Commentary

No New Swing Shorts For Thursday

April 18, 2007 | Leave a Comment

No new swing shorts for Thursday as the market is still offering a ton of great longs that are making good gains. Besides that the market is still in a clear uptrend and fighting the overall trend of the market is an amateur game. The greatest traders of all-time NEVER traded against the major trend of the market.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

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

April 18, 2007 | Leave a Comment

new speculative CANSLIM swing longs: JADE BA OFIX

JADE is bouncing right off the 50 dma on strong volume and with BOP going near max green. The uptrend that started in January was on a TON of accumulation and came with max green BOP giving this chart its first beautiful uptrend in years. The base that followed has been very tight in price pattern and even though volume has not been quiet the whole way it shows signs of support on the days where volume picks up. The bounce today on a surge in volume and BOP, along with all the green in the chart since January, makes this a very pretty chart. The fundamentals are very good with EPS growing between 20% and 300% the past four quarters and sales growing growing between 17% and 39% the past eight quarters. ROE is 8%. This stock would make a good long if it wasn’t up so much (17%) from the safe cut loss area. Since it is up so much it makes for a risky long so I would keep the buy smaller. Cut your final loss with a close under the 50 dma, if the stock does not move higher immediately. Read more

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Swing Shorts For Wednesday

April 18, 2007 | Leave a Comment

No new swing shorts for Wednesday but if we were in a bear market these three stocks would make good shorts:

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Stocks End Mixed On Higher Volume; Leading Stocks Still Lagging

April 18, 2007 | Leave a Comment

Stocks got off to a good start on the back of a lot of different economic numbers and some earnings announcements from some members of the DJIA.

The day started out with the CPI data. The CPI increased .6% in March in-line with expectations, thanks to a 5.9% increase in energy cost. That was the biggest increase since last April. The core CPI was up only .1%, also in-line with expectations. The bad news from these numbers is that the core CPI is now up 2.5% YOY. That is above the comfort zone of 1%-2% for the Fed. Read more

Posted by Joshua Hayes | Filed Under Free Commentary

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