No New Swing Shorts For Friday As The Market Keeps Hitting All-Time Highs With NO Pullbacks To Speak Of
May 31, 2007 | Leave a Comment
I don’t know how many times I can say the same thing over and over.
If this was a bear market, WB would make a good short here. Read more
Two New CANSLIM Speculative Swing Longs, Three New Speculative Swing Longs, And Four Longs I Am Adding To My Existing Positions
May 31, 2007 | Leave a Comment
ANALYSIS UPDATED BEFORE 6AM EST.
new speculative CANSLIM swing longs: LXU CPD
LXU is bouncing off recent support on very strong volume. This chart is very pretty with all the max green BOP and heavy accumulation the past year plus. Cut your loss with a close below the 19.02 level, if the stock does not move higher immediately. Read more
All Major Indexes Hit 52-Week Highs On Higher Volume, After Early Morning Panic Selling; SP 500 Hits All-Time Record Close
May 31, 2007 | Leave a Comment
Before the market opened on Wednesday, there was a major selloff in China (6.5%) due to a rise in the trader’s tax. This selloff immediately gave way to panic. And I can assure you of that as I monitor a lot of chat rooms. Even in my own room one reader was asking if this was indeed the top. But as usual when panic selling happens early on, in a bull market, stocks found a bottom immediately and rallied higher all day long with all the indexes hitting 52-week highs, all-time highs (except the Nasdaq), and closing at the HOD. How can you be bearish or even want to short when a market acts like that? I am simply floored by the balls and pure stupidity on the part of bears who are shorting this market. It is stunning. Read more
No New Swing Shorts For Thursday As The Market Is In A Powerful Uptrend Which A Selloff In China Can Not Even Stop
May 30, 2007 | Leave a Comment
There are no new swing shorts and there were no shorts in my scan that would make good shorts if this was a bear market.
Two New Speculative Swing Longs And Five Stocks I Am Adding To My Existing Positions
May 30, 2007 | Leave a Comment
new speculative swing longs: AKS ARWR
AKS is bouncing off support and breaking out past the past two weeks of closing highs, on below average volume. I am basically getting in this early in anticipation of a breakout as a weekly chart shows how tight and coiled this stock is after the recent run-up. The max green BOP on the chart is beautiful but today it did move down from max green so that kind of kills the buzz. The one thing that can’t be ignored is all the accumulation in this chart this year. Fund ownership has increased from 68 to 83 so that is where all of that is coming from. EPS grew 700% this quarter and YOY EPS gains of 858% are expected this year and sales have grown between 1% and 20% the past five quarters. This is not the best long for emotional inexperienced traders as the stock is a bit volatile. Cut your loss with a close below the 32.25 level, if the stock does not move higher immediately. Read more
Chinese stocks sent lower as government raises a trading tax
May 30, 2007 | Leave a Comment
Hello to all! During the mid-week, we will be posting market thoughts as well as excerpts from our chat room. Looking forward to those readers who sign up for the MauiTrader’s BigWave Trading service. If you read the weekend column you’ll notice his excellent returns and picks. If you have any questions about the service, please post comments or email me @ marketspeculator@gmail.com
The holiday shortened week saw investors bid stocks higher Friday May 25th only to see those gains continue yesterday. Price and volume, finally moved higher together yesterday as we continued to see a divergence when stocks pushed higher last week.
Stocks Start The Week Where They Left Off On Friday; China Turns Up The Pressure On Traders By Raising The Trading Tax
May 30, 2007 | Leave a Comment
Stocks picked up right where they left on Friday, with the indexes rallying across the board. The SP 600 led the way with a .9% gain, the Nasdaq followed with a .6% gain, the NYSE and SP 500 rose .2%, and the DJIA gained .1%. The IBD 100 gained .8%. Read more
No New Swing Shorts For Wednesday As The Market Is Still In A Very Powerful Uptrend.
May 29, 2007 | Leave a Comment
if this was a bear market, CHT STP and HIBB would make good shorts. Read more
One New CANSLIM Swing Long, One New Speculative CANSLIM Swing Long, Two New Speculative Swing Longs, And Five Stocks I Am Adding To My Existing Positions
May 29, 2007 | Leave a Comment
CHARTS AND ANALYSIS BEFORE 6AM EST, LIKE ALWAYS.
new CANSLIM swing long: GSOL
GSOL is breaking out of a cup with handle pattern, on very strong volume. This chart is very nice with the accumulation in it from December to February and from April to now. But there are some problems with the chart. The RS line and moneystream line are not following price to new highs, the last breakout attempted was met with an immediate reversal, and BOP was pretty ugly in February and is only just now going green for the second time this month. So the chart isn’t that spectacular, other than the breakout itself. The fundamentals are very strong, with EPS growing between 50% and 73% the past three quarters and sales growth between 7% and 62% the past eight quarters. Earnings estimates are for a YOY gain of 39% this year and 34% next year. ROE is 18% and management owns 63% so there is plenty of reasons for this stock to continue higher, although it is sure to be a very volatile ride. So unless you can deal with some volatility, I wouldn’t load the boat on this one. Cut your first loss with a close below the 18.90 level and your final loss with a close below the 50 dma, if the stock does not move higher immediately. Read more
Happy Memorial Day!!! Thank You and GOD Bless Our Troops Alive And Fallen!!!
May 28, 2007 | 1 Comment
Stocks ended the week on a light-volume positive note, after a pretty wild and semi-rough week that saw the Nasdaq come under two more days of distribution. However, the constant takeovers, M&A’s, and LBO, continues to keep a floor on this market and give short sellers the pain they deserve when they short a rising market (a play only amateurs and ego-driven traders make).
- Two New Short Positions For Friday’s Stock Market Session
- No New Long Positions For Friday’s Stock Market Session
- Two New Short Positions For Thursday’s Stock Market Session
- One New Speculative CANSLIM Long Position And One Stock I Am Adding To My Existing Speculative Long Position For Thursday’s Stock Market Session
- No New Short Positions For Wednesday’s Stock Market Session
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