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Showing posts from March, 2006

Trade Ideas: HLEX

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Relatively low risk trade depending on which stop you choose to use. Nice test of the prior reaction high as the rally started in 2003 continues. Chief negative is the MACD "sell" trigger; so stops are important. The point-n-figure target of $59.50 is not outside the realms of possibility, but look to resistance at $40, $45 and $50, the latter in particular. HealthExtras, Inc. and its subsidiaries provide pharmacy benefit management services and supplemental benefit programs in the United States. Its pharmacy benefit management services include benefit plan design and consultation; formulary administration; formulary compliance and therapeutic intervention programs; retail pharmacy network contracting and administration; decision support and data analysis services; flexible, customized reporting available via secure Internet connection; and contracted mail order pharmacy. Trade Ideas If you would like to try a full version of the Trade-Ideas software, follow this link f...

Trade Ideas: STX

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This is a decent, counter upside break, from what looked to be a sideways consolidation, as part of a bearish decline. The MACD "buy" confirmation lends weight to this play. Stops can go on a loss of the recent channel. Watch for resistance at the former support line (now resistance) and/or $28.15. A break of latter resistance would favor a measured move to around $38. The point-n-figure chart holds to a more ambitious $56. Take this one step at a time. Trade Ideas If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

Trade Ideas: Follow up March 22nd

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It was an unfortunate return for my newsletter picks, but Jim Cramer's lightning round picks stole the show, taking Wednesday's laurels. My five picks logged an average loss of 2.89% per trade, hit hard by declines in HBX and COLY . For those following my suggested stop price system; the HBX trade is still in play, but the COLY trade closed for a 5.9% loss. It was a quiet week for the Trade Ideas selection, with a slight underperformance relative to the market. An 88% win percentage would have protected the majority from losses. But it was Jim Cramer's Mad Money lightning round picks which stole the show, with an average profit of 3.76% per trade. NBR helped bump the average in this regard, but HAL and ORA were not far behind. The biggest winner on the week was NBR from Jim Cramer. The biggest loser was my own HBX . If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you would like to subscribe to ...

Trade Ideas: SVR

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Interesting counter break from a sizable correction. Look for bounce to former trendline support and/or $24 resistance (whichever is lower). Run stops on a break of the most recent reaction lows. Syniverse Holdings, Inc. provides technology services to wireless telecommunications companies in the United States and internationally. Its integrated suite of services include technology interoperability services, which enable the invoicing and settlement of domestic and international wireless roaming telephone calls and wireless data events; SMS and MMS routing and translation services between carriers. Trade Ideas If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

Trade Ideas: Follow up March 21st

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A good day all round. After disappointing yesterday, the Trade-Ideas scan came up trumps. The average return per trade for my Trade-Ideas Base scan was a staggering 7.05%, with a net win percentage of 75%. Jim Cramer's selection also performed strongly; with an average return of 5.74% per trade, also on a 75% win percentage. There were no picks from newsletter to compare, but the market disappointed; down almost a 1% on the week, with no index closing at a profit. Best stock on the week was the Trade Ideas, INVX , up 22.7% over 5-days. Underperformer was also from the Trade Ideas scan, MEOH , closed down 2.32%. If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you would like to subscribe to my newsletter you can do so by ordering monthly, 6-month, or annual membership from the 'Quantity' box in the right-hand-margin. If you would like to see Jim's picks you can tune into his TV show, or get them from ...

From: Fallondpicks.com

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Ben Bernanke swung his axe and the markets tumbled. Late afternoon trading was unable to hold early gains; especially in the NASDAQ and S&P . But some markets never got off the ground. The Dow was the big loser in this regard, but the semiconductor index was another index to suffer. The Russell 2000 clung to its leadership role. The bearish divergence in the MACD was breached in the latter index, but a similar divergence in the CCI of this index remained. Of the secondary tech indicators [ $NASI , $NAA50 and $BPCOMPQ ]; the $NAA50 switched back in favor of the bears, weakening the chance of a short term tech bounce. Also of concern was the ticking time bomb that is volatility . The index has likely found stronger support at 15, than it has resistance at 18 - this could see a sharp dose of fear over the coming weeks, which will pile on the misery for those who have bought into the market over the last couple of months. The NASDAQ maintained channel resistance ...

Trade Ideas: Follow up March 20th

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The week-on-week comparison performance winner for Monday was my newsletter stock picks ; an 83% win percentage with an average gain of 4.11%, compared to flat returns from the remaining three systems. Jim Cramer's lightning round stock picks had the smallest amount of deviation, with a 50:50 win percentage. The Trade Ideas scan had a rare poor week in terms of returns and deviation; my Base Scan did return a slight net profit, but the 25% win percentage was a disappointment. All three of the market ETF's closed down on the week. Best stock for the week was TFSM , a stock from my Free Breakout Selection , it closed up 8.93%. Worst stock for the week was KNDL , also from my Free Breakout Selection , it closed for a loss of 5.21%. If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you would like to subscribe to my newsletter you can do so by ordering monthly, 6-month, or annual membership from the 'Quantity...

Trade Ideas: ICON

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This was a late day Base Idea scan idea. The stock is showing a breakout from a channel with overhead resistance at $14.08. Iconix Brand Group, Inc. operates as a brand management company, which engages in licensing and marketing a portfolio of its own consumer brands worldwide. Iconix Brand Group offers licenses women’s footwear, apparel, and accessories under the name of Candie's; junior’s footwear, tops, handbags, outerwear, swimwear, jewelry, and children’s apparel under the name of Bongo; eveningwear, bridge apparel, fur, bridal, fragrance, handbags, eyewear, footwear, hats, and cold weather items under the name Badgley Mischka; apparel, apparel accessories, and home goods for men, women, and children under the name of Joe Boxer; and junior women’s sportswear, footwear, outerwear, intimate apparel, fragrance, eyewear, and handbags under the name of Rampage. In addition, the company, through its wholly owned subsidiary, Bright Star Footwear, Inc. arranges for the manufacture of...

From: Fallondpicks.com

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Mar 25th: Markets finished the week on quiet action as the trend for falling volume continued. In the near term, bulls will look best served by the tech averages, the NASDAQ in particular, as secondary tech indicators [ $NASI , $NAA50 and $BPCOMPQ ] confirmed earlier crosses in the 5-day EMAs with supporting technical "buy" signals. The overall markets have re-aligned in typical bullish fashion with the Russell 2000 leading the NASDAQ , which leads the S&P (although the Dow is lording it over the NASDAQ ). How far the markets can go is anyone's guess; but given the overbought nature of the market (the January-March consolidation did little to relieve such conditions), I suspect not very far. Gold and silver were the week's star performers; breakouts in CDE , HL , KGC , GFI , PAAS , SIL , and SSRI were icing on the cake for metal miners. Newsletter stock updates: Target hit: NCTY hit its Target price, but looks well positioned to continue its gains. Wat...

Collective2: Systems review

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This was a post I made on the Collective 2 forum; for those of you who have visited the site and are looking for trading systems to use (other than my own) - this is my analysis of the sites "Best Of" ranking. I did a little checking on the System lists and I was left a little baffled by some of the rankings; particularly in the "Most Popular" rankings. I have taken into consideration the number of reviews posted, and an average of the subscriber ranking ("average ranking"). It should probably be assumed a reviewer will be more likely to complain about a system than they are likely to complement it - so I expect rankings to favor the low end of the scale. Lets start with the Best Systems - All Systems Tabs If we are to go by total number of reviews per system, we would have a list as follows Extreme-OS Consensus Trading High-Sharpe FX / Coin Collector Upbeat Trading Risk-Averse/Entropia/Andy's Open Bar Every body else on the list = 0 reviews The longe...

Collective2: CRME and KDN out

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Two recent additions were stopped out; one for a gain, the other for a loss. CRME did manage modests gain after the buy-in, before it was pegged back on light volume, then suckered punched with a downgrade , enough to hit the original stop price for a $768 loss on a $9,800 outlay. KDN was a stronger performer and although the stop price was hit, this had more to do with protecting the profit in a weak market, rather than an actual belief there is anything wrong with the stock. KDN looks to be shaping a horizontal consolidation, an excellent continuation consolidation. This play closed for a $1,443 profit on a $10,000 outlay. If you would like to subscribe to this system, click on the performance Collective2 chart below. Two stocks remain in the portfolio. Collective2

Trade Ideas: CHINA, CZN, CSC, WTI, SPN, CZN, HNT, OCPI

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I am currently on some travels until next Tuesday. Here is the list of 8 stocks from the Trade Ideas scan for your review. It took the software about 20 minutes to come up with the 8 stocks; this reflects modest buying strength. Trade Ideas If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

Trade Ideas: IRC, ALD, EFX, UBA, ELS, USM, PHO, ZF

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Markets went someway (but is it enough?) to reverse much of yesterday's losses. Certainly, there was no shortage of potential stocks from the Trade Ideas scan to review. The current selection took 3 minutes of Software time. IRC : Found support at the 20-day MA. Should have the momentum to reach $20, but this is a slow and steady mover. ALD : Nice 3-week handle following early March's big volume gains. Cautious buyers will probably wait for a break of $30.50. Stops can go on a loss of $29.50. Point-n-figure chart target of $38.50 looks reasonable. EFX : Confirmation of new support at $37.50. Stops can go on a loss of today's lows or the 50-day MA. The small handle still has resistance at $39 to deal with. Look for a move to $50. UBA : Tightly packed action around $17-18. Recent volume action sides with the bulls. A move to $18.50 will trigger a breakout on the point-n-figure chart. Measured move to $21? ELS : Pullback to $49 could have long side merits. Stops on a loss of t...

Trade Ideas: PFWD, NPP, GXM, INVX, PFB, TXCO, OPTN, MEOH

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With the markets rolling over in afternoon trading it could be a tough week for the following 8 stocks. It took the software about 75 minutes to produce 8 potential candidates; very little breadth to this market, better to be cash conservative. PFWD : Nice follow on push, from break of $9.75 resistance. Effectively, operating in a band of resistance from $9.75 through to $10.75; perhaps better watch list material (for break of $10.75). Decent volume buying as seen on a weekly chart. Projected target of $15. NPP : Break of $15.20 resistance on increased volume. Stops can go on a loss of $15, or the 50-day MA (whichever is higher). Look for move to $20. GXM : Lingering around $23.50; a resistance level from Fall 2005. A break of this price brings $27 into range. Trades volume in spurts. Stops can go on loss of $23 or the 50-day MA (to give the trade a little more room). Watch for Golden Cross in the 50-day/200-day MA. INVX : Holding $4.40 support well. Small handle as part of a ranged ba...

Trade Ideas: CPS, CTEC, FRC, ITMN, TOMOT, SRR, GR, HIT

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My Trade Ideas Base scan took 33 minutes to come up with the 8 stocks for today; relatively weak buying. CPS : New near term highs on break of $45. Larger gap resistance lurks at $46. If this turns into a cup-and-handle breakout, one will need to watch for a higher volume break of $48 (see weekly chart). Point-n-figure target of $57. CTEC : Retracements are bouncing off the 50-day MA. The current pullback fell short of a complete test, but this looks to be a good place to buy. Stops on loss of $11, or 50-day MA, whichever is higher. Major resistance lurks at $13.50. Point-n-figure target of $19 to aim for. FRC : After 3-days of consolidation, the stock continues its advance off $35 lows. Look for move to $42. Stops on loss of $38 ITMN : Fighting for support at the 50-day MA. Currently trading above this MA. Gap at $20 has closed, but a second move above $20 would be a good long side entry. Stops on a loss of $18.50. Target of $28 looks good (2003 resistance). TOMO : Still mapping a con...

Summary to date

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Compiled below are two tables reflecting average returns (%) for each week, or two month period, since I started comparing my newsletter and Trade Ideas scan performance, to that of Jim Cramer and the markets. For the week-on-week performance, the Trade Ideas scan has been the strongest performer, returning an average of 1.31% week-on-week, exceeding the markets return of 1.13% . My newsletter stock picks, and Jim Cramer's picks have underperformed the markets for the same period. Broadening the scope to a 2-month time frame; all three sets of stocks outperform the market. Jim Cramer's selection wins overall, with an average return of 7.05 % over the 2 months. This is followed by Trade Ideas at 5.42% and my newsletter stock picks at 2.89% . But it is still early days for this comparison, given the small sample size. If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you would like to Subscribe to my newsletter...

Fallond / Trade Ideas / Jim Cramer : Jan 13th

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Another 2-month performance comparison, this time from January 13th. All three sets of stocks handily outperformed the market ETFs for this period. Of the listed stocks, the best performer was ZOLT ; a Subscriber pick from January 13th. Unfortunately, the biggest loser was a free Breakout pick, WRES . The highest win percentage was from my 6 stock picks; 83% winners with a net return per trade of 14.89%, but if the ZOLT trade is removed, the net return drops to a scant 1.55% per trade. The Trade Ideas and Jim Cramer select recorded an equal win percentage of 75%. Jim's picks had bigger winners (but also bigger losers) than the Trade Ideas Base scan picks; recording an average return of 8.16% per trade compared to 4.86%. Interestingly enough, the QQQQ s/Tech markets have had a poor last couple of months, down 3.40%, but of the NASDAQ listed stocks from all three sets of picks, the average return was an impressive 13.81% per trade. If you would like to try a full version of the Tr...

Trade Ideas: Follow up March 10th

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As I needed to pull Jim Cramer's picks from another site for my March 9th update, it would appear the stocks which I thought were from Wednesday' s show and which I used on Thursday, were actually from his Thursday show. As I don't want to use these picks for a second day in a row, I have opted instead to use his Friday show picks. It does give his picks an advantage as these are bought pre-show (as was the case for Thursday too). It was a strong Friday-to-Friday session for stocks. Even allowing for the advantage of Jim's pre-show picks, his average return of 5.79% per trade was clearly the best of the bunch. He had only one loser in STJ , which closed for a modest 1.6% loss. My own picks carried the only other loser in WGO . This stock was stung for 15% (it was a 6% loss based on my suggested stop price). Luckily, the largest gainer of all featured stocks came from my picks too; ASIA closed up 11% and helped keep my average return in positive territory for the week....

From: Fallondpicks.com

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Mar 19th: Another day of indecision for the markets. The Russell 2000 flashed a second doji in a row at point above support. Without knowing the volume, it is hard to say what is going on here - but assuming relative trading volumes similar to that of other markets, the likely action is heavier volume, bearish churning. Small caps still 'lead' the market, but the picture is very fluid. The one market which may muster a bounce is the semiconductor index. The small doji just above support, on oversold slow stochastics, could drive a small bounce to last Wednesday's highs; but beyond that it will likely struggle. Any bounce in this index should help the NASDAQ and NASDAQ 100 , but both of these indices are overbought and vulnerable. The Dow logged its fourth consecutive accumulation day, but the 26 point gain on 600m volume was disappointing. The S&P closed Friday on a small doji (also on highr volume, for its fourth accumulation day) - this looks to be an excellent s...

Trade Ideas: HMX

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I was able to pull this one from the Channel scan. Interesting handle developing below $9.25 resistance. The decline/rally has the look of a measured move, which should go as far as $12 (based on the point-n-figure chart). One can run a tight stop below recent action for a relatively low risk trade. Hartmarx Corporation, through its subsidiaries, engages in the manufacture and marketing of apparel in the United States and Canada. It operates in two segments, Men’s Apparel Group (MAG) and Women’s Apparel Group. Trade Ideas If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

Beannacht La Fheile Padraig

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Staring at this image for too long could be bad for your health. Pulled this from here St. Patrick was a gentleman Who through strategy and stealth Drove all the snakes from Ireland, Here's a toasting to his health; But not too many toastings Lest you lose yourself and then Forget the good St. Patrick And see all those snakes again! St. Patrick

Trade Ideas: Follow up March 9th

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Because of earlier problems with Blogger, this was the only post I could make today. For Thursday's 1-week performance report I had to go to Mad Money Recap to get JC's picks. I picked the top 8 bullish picks as they were listed on this site. For my own picks, there was one freebie and three Subscriber plays. Surprisingly, all three sets of stock picks underperformed the market ETFs for this period. The most consistent returns (based on the standard deviation) were from Jim Cramer. The highest average returns were from the Trade-Ideas scan. Best performer was one my Subscriber picks, DXCM . Worst performer was also one of my picks, NAFC ; although the latter stock had hit its stop for a loss of 5.86% if one I had used my suggested protective stop price. If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you would like to Subscribe to my newsletter you can do so by ordering monthly, 6-month, or annual member...

Trade Ideas: Follow up March 8th

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Unfortunately, Madd Money did not have the page available for the March 7th JC show (for picks to be bought on March 8th open). It would have been interesting to have been able to see his returns given the sea of green in the markets. My newsletter picks recovered a little from yesterday's blasting, netting the highest average return per trade - although results were skewed by the small sample size. The Trade-Ideas select, trumped the ETF returns for the week, with only stock ( LFG ) flat on the week. Performer for the week goes to PSSI , a Subscriber pick from my newsletter. If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you would like to Subscribe to my newsletter you can do so by ordering monthly, 6-month, or annual membership from the 'Quantity' box in the right-hand-margin. If you would like to see Jim's picks you can tune into his TV show, or get them from Madd Money

Trade Ideas: PWR

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Shaping the right-hand-side of a new base, coming off a small double bottom. The real action will come on a break of $14.56. Look for test of $20; point-n-figure chart target of $24 is not unreasonable here. Resistance lurks around $18.50. Quanta Services, Inc. operates as a provider of specialty contracting services. It offers end-to-end network solutions to the electric power, gas, telecommunications, cable television, and specialty services industries in the United States. Trade Ideas

Pump and Dump of the day: SEVI

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This is what The Stockster is recommending (I can't believe people really buy these stocks - check out the volume!) Buyer beware... SEVI

Trade Ideas: Follow up March 7th

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Effectively a tale of two cities; appalling returns from my own stock picks over the week long period, strongest performances from JC's stocks, and consistent returns from the Trade Ideas picks. DIET was the big loser, down 37% on the week following earnings . It wasn't much better for CIPH , down 16% on listless trading. Together they stung my average returns for a loss of almost 10%, my worst week yet. Even with the use of protective stocks, my picks are down an average of 5%. For Jim Cramer, it was plain sailing; FNSR lifting his average returns to 3.88%. But like the Tortoise and the Hare, the Trade Ideas selection was able to keep a steady ship (a very low standard deviation), pocketing an average return of 1.52% per trade. Markets all closed up on one of the better weeks for the ETF averages. If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you would like to Subscribe to my newsletter you can do so by or...

Pump and Dump of the day: VYON

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This is what rocketstockpicks.com is recommending Buyer beware... VYON

Trade Ideas Update Mar 13th

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Forgot to post this update yesterday; other than the Trade Ideas picks, JC and my newsletter picks use last Monday's open price. The closing price is yesterday's close (not today's current price). There were only 4 stocks selected from the Trade Ideas scan. Poor performance all around, none of selection groups were able to beat the market over the period. My free Breakout picks took the greatest hit, with HOMS and IFNY down almost 17% on the week; not surprisingly, each play was stopped out for an average loss of 11% (above the typical 9.6% protection risk priced into my Breakout picks). The Subscriber picks fared better, with a modest loss in NLY, but respectable gains in FCH (the highest of any stock on this list). Performance from the Trade Ideas picks was limited by the small sample size. JC's picks had 2 poor performers in PDC and MRV. If these results are say anything about the market, it is "Stay Away!" If you would like to try a full version of the T...

Trade Ideas: PL

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This stock was plucked from the Channel Scan; really its a channel-within-a-channel. If you are short term trader, trade break of the 7-day channel and sell at support/resistance. If you have a longer time frame; buy/sell break of $49/47. Pink line shows support and is a good place for a flexible stop if looking to hold this one for a while. Protective Life Corporation, through its subsidiaries, engages in the production, distribution, and administration of insurance and investment products in the United States. The company operates in five segments: Life Marketing, Acquisitions, Annuities, Stable Value Products, and Asset Protection. Trade Ideas

Mad Cow Disease is a bigger threat than Bird Flu

Bird Flu continues to grab the headlines, but tucked away, in the corner of the news world, was the next reported case of Mad Cow disease in the U.S. Each BSE case receives the mandated "confidence in U.S. beef safety" from the authorities, but how many cases will it take before people take notice? The beef industry (and the USDA too if this article is true) will do its darndest to keep the lid on news of further cases; if we assume 2 positive cases (Texas last June, and Alabama today) out of 250,000 tests (assume 1,000 tests a day), and a population of 95 million cattle - then there are about 760 positive BSE animals out there, ready to be eaten by you and me! This excludes the number of infectious cattle which are not detectable, either by the nature of the test, prion load of the animal, and/or comformation changes in the prions themselves. The human form of the disease, CJD, will likely never get the 'high alert' attention bird flu currently receives (and bird...

Trade Ideas: CNQ

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Bouncing from a convergence of support; two trendlines, 20-day and 50-day MAs. Nearby resistance at $61 and $64. Relatively low risk play. Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil and natural gas. The company’s principal regions of crude oil and natural gas operations are in the Western Canadian Sedimentary Basin, the United Kingdom sector of the North Sea; and Offshore west Africa. Trade Ideas

Fallond / Trade Ideas / Jim Cramer : Dec 12th

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A three month comparison of the performance of my Newsletter stock picks, my Trade Ideas scan, and Jim Cramer's lightning round picks. The market during this period was dominated by the large caps; the SPY and DIA gaining more than 2% over this period, compared to a 3% loss in the QQQQs. The clear winner of the three was the Trade Ideas scan (Base scan); an average return of 4.30% with a 38% win percentage, helped by the 53% gain in KEYS over this period. Next up was Jim Cramer's picks with an average return of 1.98%, on a greater win percentage of 63%. His OSUR was a killer, with a decent performance in CAT. My own newsletter picks underperformed, with only one pick in a profitable position after 3 months. All five picks hit their protective stops over the intervening period - for an average loss of 2.51%, compared to the reported loss here of 4.27%. Either way, it was not a good period for these stocks. If you would like to try a full version of the Trade-Ideas software, fo...

From: Fallondpicks.com

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Friday's across the board gains were undermined by accompanying lighter volume; a common sign of short covering. However, Friday's action was not without its positives, most notably, the reversal of the breakdown in the S&P . Modest gains on modest volume, would be the best description for the days' trading action. The Dow enjoyed a substantial point gain, enough to close the index above the 20-day MA and 11,000, but the broadening wedge remains intact. October trendline support could provide the launching pad for a break of wedge resistance, and even with the lighter volume, the Dow could still offer some value to the bulls - but this is likely going to be the only index to give any comfort over the coming months, and will eventually succumb to the malaise affecting the remaining markets. The NASDAQ 100 held former resistance (now support), but watch for a potential measured move back to 1,570 (support, or no support). The 200-day MA inches ever closer and may pro...

Trade Ideas: CRS, CDNS, X, GPRO, CSH, CSC, BWP, NPT

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The Trade-Ideas scan was able to come up with the current stock selection in less than 3 minutes. There was no stocks from the Channel Scan to include, so all 8 are taken from my Base scan. CRS : Working off the 20-day MA, with overhead trendline resistance around $87.50. Run stops on a loss of $82.50. Still looks in good shape to reach the point-n-figure target of $106. CDNS : Can be a little wild on intraday volatility, but support at $17.50 looks good enough for stop placement. $18.25 is the resistance area to break. Project a move to $21, although the point-n-figure chart has a lower target of $19.50 on the menu. X : Working support at the 50-day MA. Look to buy break of $59 (although weekly resistance more points to $60). Solid double bottom at $33.83/$33.45 from 2005 has reached its projected target of $57, so we are now looking at a measured move target to around $83. Point-n-figure chart suggests a target of $70. Take your pick. GPRO : Small handle in the $49-51.50 range starti...

Trade Ideas: CRME, SCVL, RUSHA, WGBC, MFM, CVG, NGPS, AKR

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Todays selection covered a 15 minute time span. Markets remain in a weakened state, with few measures of support to look forward too. The main thing in bulls favor is the oversold nature of the market. All 8 featured stocks are from my original Base scan. The Channel scan came up with EEFT, but this stock looks to be breaking down from its channel CRME : Nicely positioned at the convergence of the 20-day and 50-day MA. Stops on a loss of $11.50. Look for test of January highs. SCVL : Finding some volume strength in afternoon trading to complete a 7-day "Rising Bullish Method" candlestick combo. Expect volume to pick up even more on a break of $24. Stops go on a loss of $22.60. RUSHA : Working on a confirmation test of $17.50 support. Yesterday's hammer could help if $18 support holds at the close. This is where stops should go. WGBC : Small pullback. Low risk opportunity with stops on a loss of $16.60. Project a $2.40 move to put a short term target of $20 on the board. W...

Trade Ideas: DRE, LFG, PWR, TTH, LFG, CYH, ALKS, HIW

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Today's selection covered the last few minutes of closing time. There was no potential stocks from the Channel scan (other than three agreed upon takeover candidates), so all 8 are from my earlier (and successful) Base scan. Trade Ideas

From: Fallondpicks.com

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Yesterday's action was dominated by price. Today it was the turn of volume. Not only was volume higher, but there were additional technical confirmation signals. In the NASDAQ , the MACD trigger line switched to a 'sell' signal, as slow stochastics crossed below the bullish mid-line. The higher volume selling confirmed the second distribution day over the last four trading days. The NASDAQ 100 was more fortunate in its small, bullish hammer, held former declining resistance/support line - but not before it generated a 'sell' signal in its MACD, thus strengthening the bearish divergence in the trigger line. The semiconductor index was able to stall recent declines at 505 and is, in the short term, oversold. For now, look to a bounce to the 20-day MA, but such a move would likely provide only temporary relief. The Dow avoided the carnage and was able to post modest gains on light volume. The index closed beneath the 20-day MA, but held support of the 50-day MA. The...

Collective2: HBX stopped out.

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HBX was stopped out on today's big intraday ride, but it could find support at the 20-day MA. The play closed for a $3,945 profit on a 1,500 share lot. Just two stocks remain in the portfolio. HBX Collective2

Trade Ideas: ACTU, CBSS, XRX, GNW, XRAY, ZION, MHS, CRL

Today's eight stocks was generated over the space of an hour (compared to minutes normally). There is little for buyers to get excited about with the NASDAQ trading below 20-day and 50-day MAs, the break of October trendline support in the RUSSELL 2000 and semiconductor index - with a similar breakdown likely to occur in the S&P if it keeps its current form. Ugly day all around. ACTU : Channel scan. Trading at the lows of the channel ($3.80) and looking vulnerable to further selling. Buy break of $3.90, but otherwise keep this on the watch list. CBSS : Base scan. Bullish flag which is $0.70 away from 20-day MA support. Steady uptrend should continue. Stops on a loss of the 50-day MA. Look to whole number resistance as a price target ($60 first). XRX : Base scan. Trading in a small channel above the 50-day MA. Buy closing break of $15.20. Stops on loss of 50-day MA. Measure move target of $18.50 GNW : Base scan. Rally off $31.72 is perhaps a little extended to be buying here. Wa...

Trade Ideas: MOS, WEDC, NTCT, DTV

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Only 4 stocks for review today. The slow market, combined with a sluggish return for non-real time plays, has limited the stocks I could pull from my two Trade-Ideas scan (probably no harm, given the general sell off). MOS : Channel scan - second appearance for this one (I think). Fast approaching the 50-day MA after an earlier 'Golden Cross'. The January test of the 50-day MA, brought a bounce. Second time lucky? Weekly chart shows a broad trading range between $12.50 - $18.50. Double top breakout from February 6th in play. Price target of $23.50 WEDC : Base scan. Relatively volatile intraday. Support at $5.55/Resistance at $6.10. Weekly chart shows a symmetrical triangle. While the stock price holds above the 50-day MA it should be considered bullish. NTCT : Base scan. Small hammer at the 20-day MA. Stops go on a loss of $6.40. Buy break of $6.70. A break of $7.90 would confirm a (crude?) reversal head-and-shoulder pattern with a price target of $12. Decent merits DTV : Chann...

From: Fallondpicks.com

Friday's action was like the return of a chill winter air in the midst of early spring. Late afternoon selling at the time of day when the Real Money speaks, will have bulls looking over their shoulder for next week. The NASDAQ bounced off former October support for yet another day. The surge in volume continued the game of one upmanship between bulls and bears. Bulls will have their work cut out for the next week. The NASDAQ 100 endured the same punishment, but unlike the NASDAQ , it closed below the 50-day MA. Selling volume was not as great (relatively) than that of the NASDAQ . The softened blow could have been due to the mild sell off experienced by the semiconductor index. Tech secondary indicators [ $NASI , $NAA50 and $BPCOMPQ ] are trading close to their 5-day EMA's and are vulnerable to whipsaw signals. An example of this was the bearish switch in the $BPCOMPQ , and $NAA50 . In the case of the former indicator, the bearish signal looks dominant given the weakness i...

Collective2: DV out

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This one was pulled from my new Trade Ideas Channel Scan. The stock closed up on Friday, but hit the raised, protective stop I had set. The play closed for a $245 gain on a 500 share lot. The three remaining picks are profitable, with HBX the current star performer. If you are someone who is interested in receiving only a few trades a month, then you may find my Collective2 system worth a try. This is a system to ride winners, cut losers quickly, and moderate market exposure according to technical indicators. Click the Collective2 icon in the top-left-hand corner of this message to be taken to the system front page at Collective2.com.

Trade Ideas: Follow up February 24th

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A mixed bag of performance from my newsletter and Trade-Ideas scan. Jim Cramers' show was a repeat episode, so there was no lightning round picks to include in the comparison. My Newsletter stocks were drawn from my February 24th Free Breakout , and Subscriber picks. The entry price is, as in prior comparisons, the opening price for the day. All of my free picks took a beating, GENR in particular - which hit my suggested stop price on Friday's sell off. This was in contrast to my Subscriber picks, all of which performed well; FNSRs' 44% gain followed its Friday earnings release. The Trade Ideas had a net down week. The scan performance was saved by the returns from FIX. Its low standard deviation, compared to my newsletter picks, reflects the consistency of its returns (even though this weeks were a net loss). Overall market returns were helped by the Tech indices. Large caps underperformed on the week. If you would like to try a full version of the Trade-Ideas software, ...

Trade Ideas: ATSN

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I thought this was had appeared before in a Trade-Ideas scan, but I couldn't find reference too it. Recent tight action against resistance sets up a good opportunity to watch for a breakout. Stops on a loss of $10.70 keep risk to a minimum. Not to be ignored. Artesyn Technologies, Inc. supplies power conversion equipment and embedded computing solutions in North America, Europe, and Asia. It designs and manufactures various products to meet the system needs of original equipment manufacturers in voice and data communications applications, including server and storage, enterprise networking, wireless infrastructure, and telecommunications. Trade Ideas ATSN

Trade Ideas Follow Up February 23rd

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A little late on this one - busy busy on a grant application. Below are the stats for my newsletter, and Trade-Ideas scan. No Lightning round picks from the Madd Money site for me to use. JC's picks taken from Madd Money . If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you would like to Subscribe to my newsletter you can do so by ordering monthly, 6-month, or annual membership from the 'Quantity' box in the right-hand-margin. If you would like to see Jim's picks you can tune into his TV show, or get them from Madd Money

Trade Ideas: DTV

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This was an interesting pick to come out of my Trade Ideas Channel scan. Usually, the scan selects for tight bases, but today's stock is showing a small consolidation flag, following a series of strong up days. There is still overhead resistance at $16.24 to consider (not to mention $17 and $18 too). So short term traders might have more to gain from this, than intermediate, or long term holders. DirecTV Group, Inc. provides digital television entertainment in the United States and Latin America. It operates through three segments: DIRECTV U.S., DIRECTV Latin America, and Network Systems. The DIRECTV U.S. segment provides direct-to-home digital television services and multichannel video programming distribution via satellite to residential and commercial customers in the United States. It also offers professional and collegiate sports programming. Trade Ideas DTV

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