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Showing posts from November, 2005

Trade Ideas: DHR, APH, LPX, BFIN, GFIG, IWC, PP, ALO

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This 10-minute sample pick from the Trade-Ideas software using my Pending-Base-Breakout parameters picked out the following selection of stocks For the record, my PMACA play stopped out for a loss of 3% at $9.18 earlier this morning. DHR: I like the look of the small handle the stock is shaping. Stops go on a loss of $54.50. The stock has enjoyed a mild bullish run from the start of 2004 and looks well positioned to move further. Danaher Corporation engages in the design, manufacture, and marketing of industrial and consumer products. It operates in three segments: Professional Instrumentation, Industrial Technologies, and Tools and Components. APH: Recently broke above its 200-day MA and is holding the line. A move above $43 should see this quickly test $46 highs. Strong, positive money flow. LPX: Gapped up in mid-November and is trading inside a small handle. Pivot buy at $27.60, currently trading at $26.99. Has remained range bound between $21 and $28 for almost two years. BFIN: Th

Trade-Ideas: CLP, WRNC, HTLD, KSWS, ALL, CRE, DRE, CUK

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My base scan from the Trade-Ideas software picked up the following list of stocks in the space of 10-minutes: CLP, WRNC, HTLD, KSWS, ALL, CRE, DRE, CUK. CLP has merits as long as it can hold above $44. I had featured this stock to subscribers for October 10th [subscription needed to view link] when it closed at $42.08, but it had dipped to lows of $39.50 before it started its current rally. It was good to see it pop-up on the Trade-Ideas scan. WRNC - large black candlestick dominates, but a move above $24.60 should be enough to drive this beyond $26.00 with no overhead resistance. Keep an eye on this. HTLD - lovely retest and confirmation of $20.75 support. The last 10 minutes has put this back in the green for the day, should stay strong into the close. KSWS - back above its 200-day MA on improving money flow. The current correction looks very similar to the one in 2004. Pivot buy at $33.25. ALL - small handle taking shape. The earlier 'death-cross' remains in effect so if bu

Trade-Ideas: Follow up from November 16th

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My 60-day Trade-Idea highs scan from the afternoon of November 16th turned up 11 stocks. How did these stocks do? Based on the closing price from November 16th and Monday's closing price, 82% closed in positive territory. However, this return needs to be considered within the context of gains in all market indices over this period (i.e. vs 100% market profitability). The average maximum gain in these stocks exceeded the maximum gain in the markets by 31% - assuming an exit at the highs, sans commission or slippage factors.

Trade-Ideas: UNS, PMACA, JDD, TMK, CYTC, ASO, EZU, UU

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A nice bevvy of stocks from the Trade-Ideas base scan. Keep these on the watch list as markets shape their pullback. Of the bunch I like PMACA (enough for me to add it to my ROTH-IRA at $9.47, running a stop on the break of the 20-day MA). The stock had featured in my free Breakout section for November 7th . PMA Capital Corporation, an insurance holding company, provides specialty risk management products and services in the eastern part of the United States. It offers workers’ compensation, integrated disability, and other commercial property and casualty lines of insurance products, including commercial automobile and multiperil coverages, general liability, and related services. The company also offers rent-a-captive products for insureds and associations. In addition, it engages in analyzing and investigating reported claims, establishing individual claim reserves, paying claims, and monitoring the progress and outcome of the excess and surplus lines claims. PMA Capital distributes

From: Fallondpicks.com

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There was not too much we could take from the last two days of market action. A big sell off was unlikely during the holiday period (barring a major world event) so the coming Monday/Tuesday's action should set a course for the markets into Christmas. Markets are in need of a pullback and their respective 20-day MAs looks the most logical place for support. It remains a traders market - buying-to-hold at these levels remains a risky venture. Commodity-based stocks (energy and precious metals) will likely provide the best long term (investment) opportunities, although commodity prices, like general equity markets, are close to completing a 4-year bullish cycle. Whether markets enter the next 4-year bearish cycle with a strong downtrend, or (more likely) further sideways action with a bearish bias will depend on the future health of the global economy. At least for now there is no immediate reason to sell; technicals as measured by the MACD, on-balance-volume, ADX, and slow stochasti

Trade-Ideas: WOR

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Drew this stock from the following parameters; Worthington Industries, Inc. operates as a diversified metal processing company focusing on steel processing and manufactured metal products primarily in the United States. The company operates in three segments: Processed Steel Products, Metal Framing, and Pressure Cylinders. If you would like to try the software yourself, follow this link for a free 7-day trial. The company sports a 3.2% dividend yield to boot

Trade-Ideas: COH

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Break of near term resistance ($35.00) building to a more substantial test of $36.25. Part of my 60-day highs in top 15% yearly range on 200% volume scan. Coach, Inc. engages in the design, production, and marketing of fine accessories worldwide. Its products include handbags; women’s accessories, such as wallets, wristlets, cosmetic cases, key fobs, and belts; and men’s accessories, such as belts, wallets, and other small leather goods; and business cases, such as computer bags and messenger-style bags, as well as men’s and women’s totes; outerwear, gloves, hats, and scarves; and weekend and travel accessories, such as cabin bags, duffels, suitcases, garment bags, and a collection of travel accessories. The company also offers watches, footwear, eyewear and sun glasses, and office furniture under Coach brand name. Its products are sold through direct-to-consumer channels, including company-operated retail and factory stores, online store, and catalogs, as well as through indirect chan

Collective 2: Current status

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The following reflects the current holdings and trade as of the close of business yesterday - but excluding the sale of HIV and CIB today.

Collective 2: HIV and CIB sold

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HIV hit its stop after breaking through $0.17 support. This penny play failed to deliver on its retracement to support, no point watching this decline any further. The trade was entered at $0.19 and the portfolio took a $750 loss. CIB was sold in afternoon trading following the morning gap down. The trade went through at $25.81 from a $24.48 entry price for a $665 gain.

Stock to watch: DEX

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This stock has been doing its low key thing for the last few weeks. It has built a tight (bullish) ascending triangle which is shaping up for a nice breakout. Solid technicals look to support further upside. Dex Media, Inc. engages in the publication and marketing of directories, which include Yellow Pages and White Pages in the United States. The company also offers Internet-based telephone directory and database marketing services. Does the company really have only '$217K' in cash??? more/..

Trade-Ideas: X

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This one popped up on the 60-min high list on 200% volume. Looks to have good merits for a run to resistance. Honorable mentions to AMZN, SCH, LLTC and WYNN ; these popped up on the same scan as I was preparing the chart of X. If you would like to try the software yourself, follow this link for a free 7-day trial.

From: Fallondpicks.com

Taken from my parent site: Fallondpicks.com We are starting to see a series of gaps appear in the tech markets [ NASDAQ and NASDAQ 100 ] which is often a sign of exhaustion runs. The increase in volume is another sign a rabid buying; soon buyers will run out of ladder rungs to climb. Friday's black candlesticks in both tech indices are common tops under these conditions; when bulls are unable to maintain early day enthusiasm and succumb to selling pressure as the trading day wears on. The lack of consolidation in these markets makes finding support harder to define. At least for the NASDAQ 100 there is clear support at 1,628, for the NASDAQ it is nearby at 2,219 but it won't take much selling pressure to break this support. At least on the technical front there is no immediate sign of weakness; MACD, on-balance-volume, and slow stochastics are strong with no hint yet of bearish divergence (which will need a retracement and higher high in the market, and lower high in the techn

Trade-Ideas: CEM

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This was a 60-minute opening range breakout at 200% volume. Note move over 50-day MA. See room for a move to $16. Currently trading at $12.14. Stops on a loss of $11.50. Earnings were released late October Chemtura Corporation engages in the manufacture and marketing of specialty chemicals, crop protection and pool, and spa and home care products. It also produces polymer products and equipment for industrial manufacturing customers for use as additives, ingredients, or intermediates. If you would like to try the software yourself, follow this link for a free 7-day trial.

Trade-Ideas: TRID

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Slightly modified as recommended by the developer. Looking at stocks inside the top 80% percentile of their yearly range with 200% of daily average volume. I haven't fully got the knack of filtering for a channel breakout but the stock that popped up was interesting because at $32.15 it sits just above the 50-day MA ($31.93) with decent support at $31.40. The channel breakout looks to be an intraday move into the close. As for a price target - look to $47. If you would like to try the software yourself, follow this link for a free 7-day trial.

Market Watch: Keep an eye on the Russell 2000

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What the overall market needs now is a breakout in the Russell 2000 to follow the last weeks breakout in the NASDAQ 100. I doubt it will do so today but there is still a chance it could close the week with a significant resistance break. The S&P is also having a good day - but bullish leadership comes from the small caps; larger cap stock breakouts are features of mature bull rallies as money moves to 'safety' issues.

World Cup 2006: Trinidad and Tobago qualify

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If there is a place to be to watch the World Cup next summer it will be Trinidad and Tobago. The fun starts on June 7th. It will be my team to support in Germany (given Rep. of Ireland limped out). The Socceroos will be a close second.

Collective 2: SIGM added

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Replacing AITX in my Collective2 portfolio is SIGM. I emailed this out to newsletter subscribers in the pre-market. The real action will come on a solid move past $12.30. The stock featured for today .

Collective2: AITX sold

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Broke below $3.00 which was reason enough to pull the position. More nimble traders would have sold when the stock gapped below the 50-day MA; I wanted to give the trade a little more room. The position closed for a small $200 gain.

Trade-Ideas Scan: 60-day break on volume

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I am still testing some of the parameters for the Trade-Ideas software. My initial run generated a large output of stocks, but there was some duplication in the list. If you would like to try the software yourself, follow this link for a free 7-day trial. Following stocks made the grade based on a 60-80 day high range on heavier volume; PETM, CTSH, HCA, CREE, STN, ITW, SSTI, ILSE, UHS, CMOS, AFFX
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Markets are on a swift retreat - not responding positively to Bernake's comments ; the next two hours will be crucial for bulls to step up to the plate and defend their most recent push.

TEC ready for a bounce

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Left over from my oversold scan. Sitting nicely at support.

SFN makes a nice handle breakout

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An example of a good entry price from my October 28th breakout feature. Note new raised stop from original feature. Volume remains firm.

Slow start to the week

Very little change in the markets; resistance is holding in all markets, but the Russell 2000 is developing a more pronounced retreat off channel resistance than the other markets. No change in my Collective2 portfolio. Marketocracy: Sold NOVA. This one got away from me on the attention radar. Second time (un)lucky.

Collective2: CHE stopped out

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Based on when I bought in this hit my initial stop. There still looks to be decent long side merit but it will do so without me.

Collective2: HIV added

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The stock featured as a free oversold play for October 24th . Potential double bottom with a slight increase in volume to the second part of the double bottom If you would like to get this trade signal direct to your email address follow this link If you would like to get the stock pick newsletter follow this link

Panic buying????

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Looks like folks stuck on the sidelines are deciding they want a piece of the action and are racing to buy in the face of shorts looking to cover. The NASDAQ 100 is king-of-the-hill with a new multi-year highs; with tech once again leading, bulls will be able to rest a little easier this weekend. Markets need the small caps (i.e. Russell 2000) to break to complete the parameters necessary for a bullish market.

Marketocracy: TRDO sold

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Sold this from the Collective2 account yesterday and took advantage of the Mad Money madness to sell today from the Marketocracy account. Bought: $17.23 Sold: $21.49

Collective 2: PMACA stopped out. SBAC, SPOP added

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I had set a tight stop on PMACA and the position was knocked out intraday. The two stocks I had added in the morning were SBAC, and SPOP. SBAC was a particularly strong performer today. [1] SBAC featured in my Gold Member stock pick newsletter for Wednesday . [2] SPOP featured as part of my free Breakout section, also for Wednesday . These two picks were issued as an email buy order during market hours to my Collective2 subscribers. If you would like to get these trade signals direct to your email address follow this link If you would like to get the stock pick newsletter follow this link

TRDO was up 9% in after hours trading.... Drat!!

Featured on Cramer's MAD MONEY and gets a pop in after hours trading. Start of the exhaustion run? Thanks to Madd Money for the heads up on this. Roberto's Nasdaq Trader will be keeping an eye on how mainstream media coverage of Naked Short Selling impacts Wall Street. Trader Mike has featured a good article on stock breakouts, and why you SHOULDN'T buy them. After a quick skin through the article I ran a quick scan of stocks at their 10-day low, below their 10-day MA, and trading above $1 and came up with the following list: CIK , CYD , DROOY , DRRA , GCOM , GXM , IQW , KMA , UGHO , and XRM . The idea is to buy the 10-day low, and sell at the 10-day MA. We will see how these stocks play out. ARS not only featured as a free breakout on my parent site for Wednesday, but was also spotted by the Chairman Always check Jon Tait's Fickle Trader every weekend. His base scan has picked some fine winners of late. The Kirk Report has a good article on his methods for

Collective2: CHE and CIB added

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Two more stocks to replace the ones sold. Looking to keep a 50% exposure in the market. These picks were emailed to Collective2 subscribers prior to the market close along with suggested stop prices. [1] CHE featured as a free stock pick on my parent site for October 31st . [2] CIB also featured as a free stock pick for November 1st . If you would like to get these trade signals direct to your email address in real time follow this link The current standing of the Collective2 portfolio is as follows If you would like to get the stock pick newsletter featuring free and special subscription pick stocks follow this link

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