Stocks Stage What Appears To Be A Follow-Through (Heck I’ll Call It One) But When You Look At The Market There Is No Way We Can Trust This

January 31, 2008 | Leave a Comment

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Posted by Joshua Hayes | Filed Under Bronze Commentary

Two New Short Positions And Two Stocks I Am Adding To My Existing Short Positions For Friday’s Stock Market Session

January 31, 2008 | Leave a Comment

Just like I said last night, I prefer cash to being heavily short down here. Therefore, I think we should continue to keep our new shorts small until this follow-through (IBD is not calling it–I am even though it will fail) by the Nasdaq and SP 600 fails. This rally could keep on going for a while but considering the amount of distribution in the market combined with the lack of huge volume on today’s move I doubt it will last too long. So new shorts should be small and new longs should be small until a clear trend is in place. Right now this wild intraday volatility that is leaving the market in a state of confusion must be dealt with with caution. Since we are in a downtrend from the highs in October/November and still below the 50 and 200 day moving average, I believe the next leg down will be down again but until we move lower we could rally a bit more and go sideways for three months before rolling over. Tops take a long time to come about. That is why history has proven that the best shorts come five to seven months after a market top. That is when past leaders make their biggest, least volatile, and fastest falls. So remember that when you are about to load up on that AMZN short. Just to let you silver readers know, I am covering all of that stock. It looks like it has bottomed and speaking of bottoming out–have you seen LEN?

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Two New CANSLIM Long Positions, Two New Speculative CANSLIM Long Positions, And Two New Speculative Positions For Friday’s Stock Market Session

January 31, 2008 | Leave a Comment

Today was indeed a follow-through day but everyone you must realize that this happened no less than five times (could be more but a quick glance shows five) during the bear market from 2000-2002. When the GDP, stock market, and Fed interest rates are all falling, the stock market is in a bear market. Period. However, you will always get rallies that last a little while that do help bull stocks in bear markets do well. If you look at the volume today on the follow-through and compare it to the volume on the selling earlier this month you can see that it isn’t necessarily encouraging and hinting at a “for sure” bottom. So all of these longs are going to be small due to the prevailing trend and lack of perfect charts in this group. I would buy a LOT more of INFA if it would have closed up anywhere from 5% to 10% but instead the 12% gain makes it a bit risky to load up here. Therefore, I will be waiting for a low volume pullback before putting too much capital to work in this diamond in a mine of rough charts. GILT, TNS, and APOL are all HOT and very pretty charts but they are not perfect and the big trend is still very much down in this market so I must suggest, one more time, caution with these longs. I would prefer it if newbies stay away from XTLB and CLHB as the fundamentals do not make them safe enough for you guys. Remember, folks, I am still around 50% cash and I plan on staying that way until a few more CANSLIM quality longs show up (if you don’t know what CANSLIM entails, get your butt over to investors.com).

Posted by Joshua Hayes | Filed Under Free Archives Longs

New Longs and Shorts for January 31st

January 31, 2008 | Leave a Comment

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Posted by MarketSpeculator | Filed Under Current Picks

Ben The Fool Lost His Cool And Now We Are Going To Pay For It; Markets Suck In The Last Hopeful Bulls And Slams The Door In Their Face

January 30, 2008 | 10 Comments

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Posted by Joshua Hayes | Filed Under Bronze Commentary

No New Long Positions For Thursday’s Stock Market Session

January 30, 2008 | Leave a Comment

Despite what the FOOLISH Cramer, Marcin, and Kass tell the public, the public NEEDS TO STAY FAR AWAY FROM LONGS, right now. Tell Cramer, Marcin, and Kass to shove it!!!! and save yourself a lot of pain. You need to realize YOU DO NOT NEED TO BUY STOCKS FALLING DOWN. You can wait till they are moving up again in a larger uptrend and THEN buy them. You newbies that are making life hell for me and my chat room members with your ignorance need to realize Cramer and the rest of the fundamental only FOOLS have gotten you to this position in your life where you are coming to my site to make money. Some people need to realize the BS they are being Fed by boys with insiders as their BEST FRIENDS on Wall Street and start listening to the analysis of the greatest traders of all time and what they say about markets like this. Do you know what THEY ALL SAY? STAY AWAY FROM THE LONGS UNTIL WE HAVE A FOLLOW-THROUGH DAY ON HIGHER VOLUME WITH A LOT OF LEADING STOCKS SETTING UP IN GREAT BASES WITH PERFECT VOLUME AND PRICE CHARACTERISTICS. Until we have one of those, you newbies need to learn to stop trading and just wait. If you are new to the stock market and the gains of the last bull got you to this point, you need to realize you are showing up at the end. If you don’t understand what I am talking about, you, my friend, are going to be in big trouble by the time this downtrend plays out. Do you think the Fed cuts like this with everything going well in the market? OF COURSE NOT!

Posted by Joshua Hayes | Filed Under Free Archives Longs

Eight New Short Positions And One Stock I Am Adding To My Existing Ex-Leaders Short Position For Thursday’s Stock Market Session

January 30, 2008 | 2 Comments

As those who are familiar with me know, I am only focusing on 11 stocks as my large short positions. None of those are listed directly below. UBB RE and AMX are going to be larager positions than MDU YUM ABB, and AGO but MDU and ABB are going to be largeer than AGO and YUM. This should make sense to those that understand how to read charts. For those that do not, please start reading those book I have listed on my books section. I am here to make you a LOT of money and prevent you from losing your capital. I can’t think for you!

Posted by Joshua Hayes | Filed Under Free Archives Shorts

New Longs and Shorts for January 30th

January 30, 2008 | Leave a Comment

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Posted by MarketSpeculator | Filed Under Current Picks

Stocks Spend A Slow Choppy Session Moving Slightly Higher On Mixed Volume

January 29, 2008 | 3 Comments

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Posted by Joshua Hayes | Filed Under Bronze Commentary

One New Short Position For Wednesday’s Stock Market Session

January 29, 2008 | Leave a Comment

This is a pretty good short considering how the reversal is right near the 50 and 200 day moving average. But the short could be a lot better if BOP was still red and the stock was reversing right at the moving averages. But considering how tough it is to game this current market, I guess this will have to do. If stocks continue to rally, we are going to get some nice short setups, since the rallies continue to be on very low volume compared to the heavy volume selling that is preceding them.

Posted by Joshua Hayes | Filed Under Free Archives Shorts