Longs and Shorts for November 30th

November 29, 2007 | Leave a Comment

New Longs: DAR SWIM SHEN AGX

New Shorts: THOR

Posted by MarketSpeculator | Filed Under Free Email Picks Archive

IBD 100 And IBD 85-85 Are Officially In A “Confirmed Rally”; Excellent Price Action Today Signals Bulls Have Indeed Regained Control Of The Market On The Short-Term

November 29, 2007 | Leave a Comment

The one thing this market should be teaching everyone right now, no matter if you are new or experienced is that it is always silly and stupid to marry either the bullish or bearish side. What we are seeing right now is a stock market that is going to do its best to make sure every single trader out there who is either a perma-bull or a perma-bear gets washed out by the wild (nothing compared to 2000-2002) crazy market.

Posted by Joshua Hayes | Filed Under Free Commentary

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

November 29, 2007 | Leave a Comment

Anyone that has been a subscriber for longer than two months knows that I am a big fan of DAR’s chart and fundamentals. Sadly, it hasn’t succeeded from any of its past breakouts (there were two the past month) it appears that the third time is the charm as the direction of the market is in its favor now. This bounce/breakout is coming right off its 50 dma and from a longer base than the move two weeks ago giving it higher odds of succeeding. The BOP is very strong and green and the price/volume action has been exceptional the past year, making this a fantastic long. My second favorite tonight is AGX with all that max green BOP all over the chart along with the solid price/volume action. This is easily one of the prettiest charts out there. The first problem with this one is that it is not bouncing directly off the 50 dma but instead a bit above it–that makes it a bit riskier. Second, the stock only averages 11,500 shares a day. That makes it way too thin to acquire a huge position. The EPS has jumped into positive ground with a 500% increase the most recent quarter and sales have grown 463% and higher the past three quarters, making this one of the most exciting stocks out there (just like its max green BOP filled chart) in the stock market universe. This is a limit order only kind of stock. Do not use market orders and do not take too much of it. SWIM’s chart isn’t the best but since the July lows the accumulation has been huge and can not be ignored–just like the EPS and sales growth the past two quarters. This has a potential to be a great stock but the technicals are not strong enough for me to load up, yet. But the weekly sure is near-perfect looking. SHEN used to be a great CANSLIM long but the sales are going the wrong way. However, the chart is bouncing off the 50 dma perfectly on good volume giving us a safe strong trade. CCC and PSMT are two very nice looking longs that I am already a happy owner of and both have very green BOP filled charts going back for a long time giving them extremely strong looking long term charts. As long as their trend is up, that 50 dma is a great area to get CCC and PSMT again. CSIQ is by far my least favorite long but even then it is a very pretty long with max green BOP for the past three weeks straight and all that huge accumulation after the gap higher in November. All of this green all over the chart makes it too nice to pass up but with the fundamentals being horrible and this stock being volatile I am going to keep it very tiny–just for fun. DAR and AGX are my favorites. All the rest are pretty equal, minus PSMT and CSIQ which don’t really float my boat.

Posted by Joshua Hayes | Filed Under Free Archives Longs

One New Short Position For Friday’s Stock Market Session

November 29, 2007 | Leave a Comment

I am keeping this very small and am only taking it because nothing is for sure that we will rally and this short setup is considered perfect with the death cross nearing right after a failure at both moving averages. Can’t pass on this one.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Longs and Shorts for November 29th

November 29, 2007 | Leave a Comment

New Longs: GLDN SRCL PEG ROS PEGA SIRT ANSR

New Shorts: NONE

Posted by MarketSpeculator | Filed Under Free Email Picks Archive

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

November 28, 2007 | Leave a Comment

When it comes to the longs tonight, there isn’t necessarily one particular stock that blows me away compared to another. Last night, obviously, I liked EGN a lot. Tonight, it still remains within a safe buy area to add to my original position but it doesn’t have the near-perfect quality to it like it did last night. As for the new longs, the best looking one, imo, is SIRT. This stock is bouncing right off the 50 dma area with BOP being green before and on the move. The RS line hitting new highs well ahead of price also gives the final touch on that nice HOD close. My next favorite long is PEGA with all of its growing green BOP on the chart this month to go along with the perfect bounce right off the 50 dma. The only problem with this one is that the average daily volume is a bit light making it a bit of a risky long. The best CANSLIM long tonight is the SRCL chart. SRCL is bouncing off the 50 day moving average perfectly, closing near its HOD, with a pickup in volume, and green BOP before and on the move. So those are my three favorite new ones. EGN and ELMG are the best two I am adding to as both are bouncing off support near or on the 50 day moving average. ELMG is the one I am buying more of since it is showing the giant volume surge today with a bullish candle price bar and a close near the HOD. I already have a lot of EGN and only will be adding a little more here as I feel comfy with what I already have. I am a little beside myself that BOP did not move up and the RS line didn’t go anywhere but it is still going the right way so that is what matters. ANSR is very pretty but the BOP ticked down so that kills the buzz in this chart. It is still pretty but the fact that this important move today came with a downtick in BOP and the price is under $5 makes it too risky a play. My least favorite longs tonight are BR and II. They may be too risky and it is possible I might not add to them.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Short Positions For Thursday’s Trading Session

November 28, 2007 | Leave a Comment

You have to be kidding me, if you think that was going to be any new shorts for Thursday’s session. In fact, I have covered a number of shorts, including all of my short positions in those leading stocks. Every single one has been completely covered. While I do not think this rally is going to turn into a full fledged bull market, the chances are very high for a long slow bear market rally that could produce a lot of pain for those who have not taken any profits in their shorts. Therefore, if you have not covered anything yet, please do. Now is not the time to hold onto shorts that are moving higher against you. I assume this rally will eventually fail and when that happens then we can re-enter the short side and try to enter shorts at better spots than what this oversold market was offering.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

The Largest Rallies Come In Bear Markets; Stocks Stage Huge Rally On Slightly Higher Volume Marking Day Two Of Rally Attempt

November 28, 2007 | 9 Comments

Today’s gains were extremely impressive, as stock indexes rallied between 2.6% and 3.3%, with the SP 600 leading the way. However, if we just get over the headlines of the market rallying over 3%, and we get down to some internals, we can see that today’s rally just might not be the start of a new bull market. Now, I know that might sound silly, especially since all you heard all day long that the market bottomed. But something tells me that this market might not be done on the downside. That something is history.

Posted by Joshua Hayes | Filed Under Free Commentary

Will This Oversold Bounce Hold? Depends On Your Time Frame; Day One Of Rally Attempt

November 28, 2007 | 1 Comment

Stocks put in quite an impressive oversold rally today that had many people talking of a bottom. However, is this a real bottom or just an oversold rally that will lead to another selloff? First, it pays to look at the sentiment indicators to see if we had any fear out there. If we did, then we probably put in a bottom. However, if we did not see any fear in the market the past two days then we probably have not made a bottom and instead have made just a short-term oversold bounce.

Posted by Joshua Hayes | Filed Under Free Commentary