Email Picks

September 29, 2007 | Leave a Comment

Aloha!Â Get MauiTrader’s Long and Short picks straight to your email!Â This service is great for those who do not have the time, run busy lives.Â An email will be sent to your inbox by 9amEST, just before the markets open so you know what MauiTrader will be doing at the open.Â

Posted by MarketSpeculator | Filed Under Email Picks

Stock Commentary

September 24, 2007 | Leave a Comment

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Posted by Joshua Hayes | Filed Under Stock Commentary

The Best Week of 2007 For My Portfolio Positions Me Well For Some Big Gains If This Market Continues To Rally

September 22, 2007 | Leave a Comment

There is no doubt that this has been one of the best weeks of 2007. But what has made this week so much better compared to other good weeks this year is that the stock market is finally acting, in what I would call, a correction fashion according to TA 101. Stocks that are bouncing off the 50 day moving average or breaking out of sound basing patterns are working and continue to rack up gains, instead of just acting hit or miss with the few winners giving us only slightly impressive gains. The stocks that are moving now are moving with very strong momentum and that momentum is helping me make gains that I have been accustomed to. There is no denying that the market from May 2006-July was an odd one with many hits and misses for my style. But now things are back to acting normally. This just goes to prove that you should never give up on a proven sound strategy. I am sure many people got frustrated by this market, despite some stocks making big gains.

Posted by Joshua Hayes | Filed Under Free Commentary

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

September 21, 2007 | Leave a Comment

new CANSLIM long positions: DSX EXM

DSX is breaking out above the 50 day moving average, on extremely huge volume. This stock has been in a non-stop uptrend since July of last year and like every other stock in this sector it has racked up some good gains along the way. Recently, this stock put in a short term high in July and since then has pulled back and bounced perfectly right off the 200 day moving average. That intraday bounce ended with a very bullish reversal that then sent the stock higher till the beginning of September. That is when the current low volume pullback leads to today. Today the stock put in a powerful bounce on HUGE volume that saw BOP reverse from red to green. This is an extremely powerful one day move and is given even more credit to it due to the stock being in such a strong industry. What would make this chart a lot better would be if there was not a big patch of red BOP in August. However, the volume did drop off as the base ended and the BOP is now green. The fundamentals are very strong, with EPS growing between 9% and 54% the past three quarters, sales growing between 19% and 68% the past four quarters, a ROE of 18%, a cash flow of $1.47 a share, 38% debt, an EPS growth rate of 129%, an SMR rating of A, an EPS rating of 97, Timeliness rating of A, a sponsorship rating of A, and YOY earnings estimates for 2007 and 2008 for gains of 46% and 25% respectively. Management still owns 46% of the shares outstanding which is good to see that they have a vested interest in making sure this stock goes higher. Cut your loss with a close below the 24.69 level, if the stock does not move higher immediately.

Posted by Joshua Hayes | Filed Under Free Archives Longs

Two New Short Positions For Monday

September 21, 2007 | Leave a Comment

new short positions: HLEX ALEX

HLEX is breaking down right at the “death cross” of the 50 and 200 day moving average, on very strong volume. After putting in a top in April, the stock slowly sold off on lower volume to the August lows. The August lows appeared to be on a ton of support. But as the stock climbed back up the chart, it failed to hold above the 50 day moving average and soon was back below the 200 day moving average. The stock has tried to retake the 200 and 50 day moving average but was recently stopped at both lines. Today, the stock is now breaking down from those lines on very strong volume. What makes the breakdown really bad, today, is that the 50 day moving average has just now crossed the 200 day moving average which is starting to flatten out and rollover, right where the stock is breaking down on strong volume. The RS line is leading the stock to new lows as the RS line has pierced its August lows ahead of price. Cut your loss with a close above the 50 and 200 day moving average, if the stock does not move lower immediately.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Stocks Pullback On Lighter Volume, Consolidating Recent Gains

September 21, 2007 | Leave a Comment

There is no market commentary tonight as I had a lot of personal matters to attend to. Luckily, the market did not do much today and pulled back on low volume consolidating the recent gains that we have seen this week. All of my longs and shorts continue to act very well and there were no complete sells or covers tonight, indicating that I am in the right stocks in the right market environment.

Posted by Joshua Hayes | Filed Under Free Commentary

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

September 20, 2007 | Leave a Comment

new CANSLIM long position: HLF

HLF is breaking out of an odd shaped cup with handle pattern, on strong volume. After putting in an insane bottom in January, HLF rallied higher ever so slowly until July where at the end it put in a short term top with green BOP and accumulation finally entering the chart again. The stock started its base on very low volume and, like most stocks in August, tested its 200 day moving average on strong volume. It succeeded and rallied higher for a few days before it started to create a very low volume handle. Now the stock is breaking out of this very nice handle on strong volume and with green BOP ticking to a higher green area confirming the buying. The RS line is also hitting a new high with the stock price, confirming the move. The fundamentals are very strong, with EPS growing between 26% and 273% the past eight quarters, sales growing between 11% and 25% the past eight quarters, a ROE of 59%, cash flow of $2.57 a share, 51% debt, a 46% EPS growth rate, an SMR rating of A, an EPS rating of 92, and YOY earnings estimates for 2007 and 2008 for gains of 27% and 16% respectively. There is also a solid 1.8% dividend that comes with owning this stock. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Short Positions For Friday

September 20, 2007 | Leave a Comment

There were no stocks in my short scans that would make solid shorts in this market. Even though this market is very bullish right now, since the August 16 lows, it is still a stock pickers market no matter if you are long or short. If you followed the two new shorts from last night, you can see that the market is rewarding good chart patterns on both sides of the ledger right now. This is my kind of market and even though this market is not perfect–by far!!–it is still a great market to make some decent size gains in.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Russell 2000 and Leading Stocks Lead Stocks Higher As Market Builds On Yesterday’s Gains On Higher Volume

September 20, 2007 | Leave a Comment

Today is a victory in my book as all the indexes managed to hang on to positive gains and close green across the board. The clearly most positive development behind the higher prices today, after such a strong move yesterday, was that volume expanded on both the NYSE and on the Nasdaq. And for the first time in a month volume was above the 50 day volume average on the nasdaq. The NYSE still lagged the 50 day volume average. Had prices fallen today and volume picked up, that might have been bearish. But the fact that the indexes were able to hold on to today’s gains, especially after some mid-day selling, was definitely positive.

Posted by Joshua Hayes | Filed Under Free Commentary

Two New Short Positions And One Stock I Am Adding To My Existing Short Position

September 20, 2007 | Leave a Comment

new short positions: PLCM RNT

PLCM is reversing right at the downtrending 50 day moving average and closing near its LOD, on very strong volume. This stock is attractive as a small short because, on this bad move, BOP turned red and the RS line is hitting new lows ahead of price compared to the June and August lows. The 50 day moving average is also crossing below the 200 day moving average after the stock failed to stay above these averages on three separate occasions since the March top. This stock has some great fundamentals and the market is strong so, remember, I am keeping this very tiny. This is just a test to see if new shorts are going to work here. Depending on how they act that would indicate to us if the rally is weak or strong. Cut your loss with a close above the 50 day moving average, if the stock does not move lower immediately.

Posted by Joshua Hayes | Filed Under Free Archives Shorts