No New Short Positions For Monday

June 30, 2007 | Leave a Comment

If this was a bear market, TBL would make a good short here.

TBL Read more

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Two New Speculative CANSLIM Long Positions, One New Speculative Long Position, And Three Stocks I Am Adding To My Existing Positions

June 30, 2007 | Leave a Comment

new speculative CANSLIM long positions: ESEA NTOL

Posted by Joshua Hayes | Filed Under Free Archives Longs

Deja Vu All Over Again As The Fed Makes The Market Dance Before Settling Near Unchanged

June 29, 2007 | Leave a Comment

There is a major fire on Maui and has been causing a lot of problems for local residents. The ensuing traffic problem has cut into my day and I do not have time to talk about the market on a day that gave us so little to talk about.

Posted by Joshua Hayes | Filed Under Free Commentary

No New Short Positions For Friday

June 28, 2007 | Leave a Comment

If you saw RIMM, after-hours today, you should understand why we are not shorting this market. This market still has way too many stocks in clear beautiful uptrends and for the second day in a row, out of over 200 stocks in my portfolios, NONE are giving me a complete sell signal. You do not have this kind of action in a market where shorting is the right play. Trust me, AFTER the market tops, we will have plenty of opportunities to make money on the short side. Right now, the right side is the bull side. Just ask those long RIMM INNO or CRNT. Read more

Posted by Joshua Hayes | Filed Under Free Archives Shorts

One New Speculative CANSLIM Long Position, Two New Speculative Long Positions, And Four Stocks I Am Adding To My Existing Long Positions

June 28, 2007 | Leave a Comment

new speculative CANSLIM long position: JDAS

Posted by Joshua Hayes | Filed Under Free Archives Longs

Wednesday Was A Classic Example Of Why You Don’t Short Indexes In Intermediate And Long-Term Uptrends; Stocks Rally On Slightly Higher Volume

June 28, 2007 | Leave a Comment

Stocks showed why it is never smart to short a market until after it has clearly topped. This market is in a choppy trading environment right now and still has an upside bias to it. Therefore, unless you are long, you should only be on the sidelines. Shorting is not the right game yet.

But, I still see a lot of market traders shorting the rise today and see some smart commentators doing the same thing. This is the perfect wall-of-worry that stocks need to keep climbing. The day’s effort was even more impressive considering stocks rallied all the way from negative to positive territory, closing at session highs. Read more

Posted by Joshua Hayes | Filed Under Free Commentary

One New Speculative CANSLIM Long Position, Four New Speculative Long Positions, And One Stock I Am Adding To My Existing Position

June 27, 2007 | Leave a Comment

NONE, AND I MEAN NONE, OF THESE STOCKS ARE REALLY WORTH GOING LONG, UNLESS YOU REALLY JUST MUST GO LONG FOR PERFORMANCE REASONS. NONE OF THESE CHART PATTERNS ARE CLOSE TO PERFECT. THE CLOSEST ONE IS AWH. THE BEST STOCK WITH STRONG FUNDAMENTALS IS DV. THE REST ARE BASICALLY MEDIOCRE TO GOOD CHARTS. REMEMBER, NEWBIES, THIS IS NOT THE BEST TIME TO BE GOING LONG STOCKS, WITH THE CHOPPY MARKET THE PAST FOUR WEEKS. IT IS PROBABLY BEST IF NEWBIES AVOID TAKING BIG POSITIONS IN ANY NEW LONG. CHARTS AND FULL ANALYSIS BY 4AM EST.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Short Positions For Thursday

June 27, 2007 | Leave a Comment

Today’s market clearly shows you why shorting before a top has clearly been established in the market is a fools game. When you still see stocks moving like VMSI yesterday and GTRC and SRDX today, that is your clear tell that this market is not for shorting. Shorting ANYTHING before a top in the indexes have clearly been established is simply an ignorant play by an uneducated investor/trader.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Another Intraday Rally Turns Into Losses; Very Choppy Market Requires Patience

June 26, 2007 | Leave a Comment

Weak consumer confidence numbers and even more bad news from the housing market at first didn’t seem to phase the market too much. But as the day went on, more subprime fears from BSC caused stocks to reverse an intraday rally, for the second day in a row, despite oil falling to $67.77..

The SP 600 led the way lower with a .5% loss, the NYSE and the SP 500 fell .3%, and the DJIA and Nasdaq fell .1%. The Nasdaq lost ground for the third day in a row. Leading stocks kept up with the broader market as the IBD 100 fell .5%. There was nothing real serious in this index, but some leading stocks are showing some cracks. Read more

Posted by Joshua Hayes | Filed Under Free Commentary