Stocks Ticked Higher Ending A Very Quiet Yet Bullish Week For Stocks; Here Comes The Fed

September 16, 2007 | Leave a Comment

Another excellent and bullish intraday reversal followed what was a very weak opening. This continues a pattern in the stock market since the August 16 lows, where a lower gap before the opening bell is bought by investors and bid higher almost all day long. Ugly beginnings of the trading day that end like this are a sign of a healthy market, not a bearish market. Even though volume remains completely absent, the price action speaks for itself as it is the final TRUTH in the stock market–not your opinions.

Posted by Joshua Hayes | Filed Under Free Commentary

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

September 15, 2007 | Leave a Comment

OMTR is definitely the best one out of the batch tonight, with its excellent chart pattern and its extremely impressive and fast growing fundamentals. However, it might be a little to risky for some investors as there is a natural possible 11% pullback in the stock. So if that amount of “possible” risk is not good for you, CREE sure makes a strong long with that very good chart pattern. But I doubt an OMTR move is going to come from this stock. Last but not least, I would probably stay completely away from FLT.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Short Positions For Monday

September 15, 2007 | Leave a Comment

There were no stocks in my short scans that would make strong shorts for Monday’s market.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Big-Cap And Leading Stocks Lead The Market Higher As The Jewish New Year Holiday Rosh Hashana Keeps Volume Light

September 14, 2007 | Leave a Comment

I apologize for not being able to go into detailed analysis. There were a lot of personal issues I had to deal with today-the most important being a visit from my nurse for my multiple sclerosis. I had to learn how to inject myself. This and other issues will cause me to keep my analysis short. I will be in a normal routine tomorrow. Mahalo, with a TON of Aloha, for understanding.

Posted by Joshua Hayes | Filed Under Free Commentary

Three New Short Positions For Friday

September 14, 2007 | Leave a Comment

None of these shorts are perfect because none of these are former leading big-cap tech stocks. However, all of these stocks look like they have topped and all of them are failing at their 50 and 200 day moving averages on strong volume after putting in tops months ago. This is very bearish and these could offer us some good money in this choppy environment. Most stocks with these patterns have continued to weaken so the odds are on our side. Just remember to keep them small. It still isn’t time to get crazy on the short side.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

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

September 14, 2007 | Leave a Comment

There are a lot of positions tonight but the biggest one will be in NILE. NILE is a clear leading stock so it deserves more than the others. OMTR, SLP, and SNDA also deserve a bigger portion than INXI or MHJ does. SU, FLT, and PRKR should probably only be traded if you are really into risky trades. These three purchases will be small. PRKR is a very pretty chart but I don’t like buying a lot of a stock that doesn’t breakout from a long base and has poor fundamentals. Even though NILE isn’t the prettiest thing, the fact that it is a leading stock with strong fundamentals mean that it deserves more than just a normal pretty chart. SLP is the prettiest CANSLIM chart but the fundies are coming from such small numbers it is hard to commit to it like NILE. SNDA has an OK chart. The problem with this one is that back in June it bounced off the 50 day moving average and appeared to be a perfect chart. However, volume was lacking, and after a month of gains the stock reversed and failed. So my disappointment remains. But the stock is breaking out to new highs and RS is confirming them so it is back in that stock for me.

Posted by Joshua Hayes | Filed Under Free Archives Longs

A Boring Day Ends With The Nasdaq Right Back Where It Started; Stocks Closed Mixed On Mixed Trade

September 13, 2007 | Leave a Comment

A volatile intraday session ended with stocks pretty much flat on the day. The only disappointment in today’s session came when the Nasdaq gave up its gains late in the day, closing near the lows and right where it started. The problem with that action is that today’s move down by .21% is enough to technically count today as a distribution day. That makes it the third day since the rally started that the Nassy has sold off on higher volume.

Posted by Joshua Hayes | Filed Under Free Commentary

Two New Short Positions For Thursday

September 12, 2007 | Leave a Comment

Remember that this market has an upward bias right now and basically it has been a very semi-rewarding market for long investors. But select shorts are doing well and most of my short positions continue to trend lower or hold below key resistance. So taking a little bit of either one of these is alright. Just don’t expect them to do as well as the longs that I have been selecting recently. But, heck, maybe we have another SHOO in here. That stock didn’t care about the trend of the market.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

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

September 12, 2007 | Leave a Comment

None of these charts are perfect but CTEC sure is close. However, the base is not flat enough and there is not enough max green BOP for me to go nuts with this one. However, if we can get some more sideways action, more green BOP, and then get a bounce off the 50 dma with volume, I would love to add to the position. However, for now, I will take it easy. LIFC is another gem but there are also some flaws in this stocks chart and fundamentals that causes me to want to keep this one smaller. However, you can’t pass up on a 99 EPS stock breaking out to all-time highs on strong volume. MHJ is a solid amazing little Hong Kong stock but it is thin so remember to use those limit and buy limit orders.

Posted by Joshua Hayes | Filed Under Free Archives Longs

Stocks Continue To Rally In The Face Of The Bearish Sentiment, On Lower Volume; JUST FOLLOW THE TREND AND MAKE MONEY! There Are Good Stocks Out There

September 12, 2007 | Leave a Comment

There are two things I am noticing more and more as this market rises. 1: There are a TON of top callers calling tops in everything from this market to gold to CHL to AAPL. 2: There are a LOT of stocks that are either breaking out to new all-time highs and/or are setting up in very nice well formed bases.

Posted by Joshua Hayes | Filed Under Free Commentary

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