One New Short Position For Thursday

October 31, 2007 | Leave a Comment

Remember that I am keeping these small. So you should too.

new short position: RDY

RDY is breaking down at the 200 day moving average and below the 50 day moving average, on very strong volume. The stock put in a top a long time ago and has spent months dancing around the 50 and 200 day moving average. But finally the stock has started to suffer some strong distribution and after failing to get back above the 200 dma is now breaking down at the line below the 50 dma. The downtrending RS line, heavy distribution, and red BOP confirm the weakness in the overall price chart. Cut your loss with a close above the 200 day moving average, if the stock does not move lower immediately.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Three New CANSLIM Long Positions, Four New Speculative CANSLIM Long Positions, Five New Speculative Long Positions, And Three Stocks I Am Adding To My Existing Positions

October 31, 2007 | Leave a Comment

I am going long every stock in this list tonight, except all the new speculative long positions. I am not going long any of those stocks (except SHI). However, for experienced investors, if any of those interest you then take them. However, at this point in the rally, I am focusing on quality only. The chart must be perfect if the stock is not CANSLIM. If the chart isn’t loaded with max green BOP, from now on, I am passing. This rally probably will last till the end of the year but I only want to be in quality at this point five years into this bull market. Happy Halloween!

Posted by Joshua Hayes | Filed Under Free Archives Longs

Nasdaq And Nasdaq 100 Blast-Off To New Near Seven Year Highs On Higher Volume; Bears Continue To Get Run Over!

October 31, 2007 | Leave a Comment

It was another purely amazingly bullish day with all the indexes closing near their HOD and on higher volume. There is nothing else to say to that except that it was very bullish. The most bullish point of today’s rally was that intraday ahead of the Fed rate announcement the markets swooned right past the early morning lows that was set right after the opening bell. But as soon as it cut to new lows it made a very sharp V-move right back up blowing past the intraday resistance. After a late-day pullback the buying came flying in again thus sending stocks higher into the close. Simply a fantastic day. I don’t say “WOW” often….but WOW!

Posted by Joshua Hayes | Filed Under Free Commentary

Longs and Shorts for October 31st

October 31, 2007 | Leave a Comment

New Longs: AOB ADBL EGT SUSS

New Shorts: ATI MI

Happy Halloween!

Posted by MarketSpeculator | Filed Under Free Email Picks Archive

Late Day Reversal Kills The Buzz From Today’s Rally As Volume Expands On The Nasdaq And NYSE

October 30, 2007 | Leave a Comment

When you look at a daily chart of the NYSE or Nasdaq it doesn’t look like today was that bad. But no matter what that chart looks like, something felt bad about that late day breakout reversal (best viewed on a 60-minute chart). Late in the day, just after 3pm EST, the Nasdaq broke out to new daily highs. But right after the excitement buying entered, some pretty heavy selling was followed. The market sold off hard and fast in a very short time, and even though the selling slowed at the end, the big cap indexes all finished near their lows of the day.

Posted by Joshua Hayes | Filed Under Free Commentary

Two New Short Positions For Wednesday’s Market

October 30, 2007 | Leave a Comment

KEEP THESE SMALL. THIS MARKET IS CRAZY WITH SO MANY STOCKS DOING SO POORLY IN THIS BULL MARKET BUT YET SO MANY CLEAR SHORTING PLAYS ARE FAILING. SO OBVIOUSLY IT IS NOT TIME TO SHORT THIS MARKET IN BULK. IF YOU ARE A NEWBIE, STAY AWAY FROM ALL OF THESE SHORT PLAYS, UNTIL YOU SEE GOOG, RIMM, GRMN, AAPL, AND BIDU CRASH.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

One New CANSLIM Long Position And Three New Speculative Long Positions

October 30, 2007 | Leave a Comment

KEEP THESE SMALL and as a matter of fact if you are a newbie DON’T TOUCH ANY OF THESE. My favorite chart is EGT with all the max green BOP and huge accumulation all over the chart since the beginning of 2007. The charts price, volume, RS, and BOP action since mid September is just fantastic. The sales growth is great too. However, the earning suck, but in 2008 EPS is supposed to turn green. The best stock overall, tonight, is AOB. Too bad the stock has too deep a cup and the RS line is well below the January 2007 highs. That voids it as a good long for me–not having any green BOP the past month doesn’t help either. SUSS should probably be completely avoided by everyone.

Posted by Joshua Hayes | Filed Under Free Archives Longs

Longs and Shorts for October 30th

October 30, 2007 | Leave a Comment

New Longs: ACCL MBLX

New Shorts: FMX MLM

Posted by MarketSpeculator | Filed Under Free Email Picks Archive

Back On Maui And Short On Time (Just The Important Info)

October 30, 2007 | Leave a Comment

I will be in full swing again starting tomorrow but for now here is everything in one full bunch:

[2007.10.29 20:28:43] Brian: SFLY nice bounce
[2007.10.29 20:32:54] author_ego has left the room (logged out)
[2007.10.29 20:35:09] MauiTrader: GOING LONG: ACCL MBLX YZC
[2007.10.29 20:35:22] MauiTrader: ADDING: SQM HRBN ASTI CRESY RDNT LMIA
[2007.10.29 20:35:30] MauiTrader: GOING SHORT: FMX MLM
[2007.10.29 20:35:42] MauiTrader: PARTIAL COVER: BA MDU
[2007.10.29 20:35:47] MauiTrader: FULL COVER: EW
[2007.10.29 20:35:55] MauiTrader: now got to look at my holdings
[2007.10.29 20:38:55] MauiTrader: wow account up 29% past four weeks
[2007.10.29 20:39:10] MauiTrader: todd was up 40% past four weeks
[2007.10.29 20:40:57] MauiTrader: i am taking a TON of profits and moving some of this to new longs
[2007.10.29 20:41:13] MauiTrader: i am getting a lot of climatic PARTIAL PARTIAL profit taking areas
[2007.10.29 20:41:21] MauiTrader: they might top here ….they might not
[2007.10.29 20:47:12] daviscal: nite Josh
[2007.10.29 20:47:20] daviscal has left the room (logged out)
[2007.10.29 20:47:27] MauiTrader: PARTIAL PROFITS/SALES: AZS NM ZIXI CFSG BPHX FRM SXE DGSE YGE DSX KHD CATS OMCL BIOS CKSW IBKR MFW AATI
[2007.10.29 20:47:37] MauiTrader: FULL SELLS: LYTS RADS SGN
[2007.10.29 20:47:48] MauiTrader: LYTS was a full sell yesterday but i noticed i only listed that in the CANSLIM port
[2007.10.29 20:47:53] MauiTrader: my bad.

Posted by Joshua Hayes | Filed Under Free Archives Longs, Free Archives Shorts, Free Commentary

Aloha From San Fransisco; Stock Market Ends The Week The Way It Started–Putting In Extremely Bullish Intraday Reversals To Close Near/At The HOD

October 28, 2007 | 1 Comment

The market continues to do the most bullish thing it can do by dipping intraday and closing near or at the HOD. The SP 500 was the winner of the best acting index this weekend with its gap open, move lower, and close very very very close to its HOD. The action of the market the past week just simply doesn’t get much more bullish.

Posted by Joshua Hayes | Filed Under Free Commentary