Happy Memorial Day!!! Thank You and GOD Bless Our Troops Alive And Fallen!!!
May 28, 2007 | Leave a 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). Read more
No New Swing Shorts For Tuesday
May 26, 2007 | Leave a Comment
There were no shorts in my scan today that would make good shorts in a bear market.
The market is still in a solid uptrend and shorting this market is simply the wrong and higher risk lower reward play. Top callers are still making a mistake here as the market really has given no indication that it is in any mood to turn lower.
One New CANSLIM Swing Long, One New Speculative CANSLIM Swing Long, One New Speculative Swing Long, And One Long I Am Adding To My Position
May 26, 2007 | Leave a Comment
new CANSLIM swing long: RRST
RRST is bouncing off recent support near the 50 dma and the early May’s breakout pivot point, on average volume. What makes this bounce so nice is that it is around three key support areas, there is a ton of accumulation since the May breakout, and BOP is max green and has been since the 18th. Fundamentals are extremely strong with EPS growing between 50% and 200% the past five quarters and sales growing between 29% and 47% the past eight quarters. Fund ownership has increased from 9 to 10 the past two quarters and management owns 52% of the stock. So obviously the big boys like this one. Cut your first loss with a close below the 16.25 area and your final loss with a close below the 50 dma, if the stock does not move higher immediately. Read more
No Stock Market Commentary For Friday
May 25, 2007 | Leave a Comment
I don’t know what is up with me but I guess this market, surfing, and two hour workout at the gym the past four days have really wiped me out. Along with a spinal tap last week, I am sure these are the reasons why I can not muster up the mental strength to analyze this market. Read more
No New Swing Shorts For Friday
May 25, 2007 | Leave a Comment
This market is now starting to show real signs of cracking with the Nasdaq having 6 distribution days in the past four weeks but the market is still in an uptrend so shorting here is still not the right play. The best time to short is MONTHS AFTER A TOP. This is history. THIS IS NOT MY OPINION.
If this was a bear market, GGG ADM SPLS KMX TZOO would all make good shorts. Read more
One New Speculative Swing Long And One CANSLIM Stock I Am Adding To My Existing Position
May 24, 2007 | Leave a Comment
new speculative swing longs: XRA
XRA is breaking out above the May resistance from this short cup pattern, on very strong volume. The breakout is very nice due to BOP being very green during the base and on the breakout, along with the extremely strong volume surge after the very quiet volume in the base. However, the fundamentals are horrible and non-existent. Therefore this is not a good long for emotional inexperienced investors. Cut your first loss with a close below the 2.22 level and your final loss with a close below the 50 dma, if the stock does not move higher immediately. Read more
No Stock Market Commentary For Wednesday’s Market
May 24, 2007 | Leave a Comment
I am beyond burned out. I have updated my longs analysis and after a long day today I am just too tired to post commentary. I apologize. This market has me burned out. I don’t know how many times and different ways I can say “this market is in an uptrend, follow the trend, until it ends.”
It is just the same thing over and over. Until something changes, this commentary is not going to change. I just find it pointless to update commentary when NOTHING has changed. Read more
No New Swing Shorts For Thursday
May 23, 2007 | Leave a Comment
The market is showing signs of cracking but that is no reason to rush to short a market that doesn’t want to seem to ever stay down. When it is time to short, trust me, I will be shorting. Now is not the time. We need a real downtrend, the indexes below the 50 dma, and more than 4 clear days of distribution. We do not have this yet.
If this was a bear market, PNW and CTSH would make good shorts. Read more
One New CANSLIM Swing Long And One New Speculative Swing Long
May 23, 2007 | Leave a Comment
new CANSLIM swing long: OMCL
M&A Deals Keep The Market Moving As The NYSE and DJIA Hit All-Time Highs On Heavier Volume
May 23, 2007 | Leave a Comment
FRIDAY’S POST
It was another M&A filled rally on wall street as the news of mergers and buyouts keep on coming. The SP 600, Nassy, and the NYSE all gained .8%, the SP 500 was up .7%, and the DJIA rallied .6% hitting an all-time high with the NYSE. All indexes closed near their HOD. The best gain came from the IBD 100. The IBD 100 gained 1.2% today, well outpacing the broad market. It is always bullish when leading stocks lead. Read more
- One Stock I Am Adding To My Existing CANSLIM Long Positions For Friday’s Stock Market Session
- One New Short Position For Friday’s Stock Market Session
- One New Speculative Long Position I Am Adding To My Current Position For Thursday’s Stock Maret Session
- No New Short Positions For Thursday’s Stock Market Session
- One New Short Position For Wednesday’s Stock Market Session
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