NYSE Reversal Indicator is starting to finally hit some extremes – the market has made a good run of it since the indicator bottomed back in late November, and there is a legit chance that there is still more room for the market to go even higher. However, I for [...]
The screen below are for those stocks that have primarily been on a solid uptrend of late, but are starting to show signs of breaking down along with a loss of interest by the street as a whole. So if you are looking to short this recent market rally, use [...]
Two new trades this morning. I actually got in BB&T (BBT) at $27.47 and Brigham Exploration (BEXP) at $28.42 – both breakout plays. LONG: BB&T (BBT)  […]
Current Long Positions (stop-losses in parentheses): MWV (26.37), MMM (85.55), FCX (118.75), FSLR (135.30), FFIV (140.95), SLB (81.35) Current Short Positions (stop-losses in parentheses): None BIAS: 35% Long Economic Reports Due Out (Times are EST): Consumer Price Index (8:30am), Retail Sales (8:30am), Industrial Production (9:15am), Consumer Sentiment (9:55am), Business Inventories (10am) My [...]
LONG: Atwood Oceanics (ATW)  […]
We’ve seen some selling this week, and we are hitting some resistance overhead in terms of where we are at in the narrow rising channel on the S&P and also with price trying to creep outside of the bollinger bands. So if you are looking to hedge your portfolio, or [...]
Two new trades to report this morning. Both were done on the morning weakness, and once it seemed like the initial selling had calmed down some. The first was Schlumberger (SLB) and F5 Networks (FFIV). LONG: Schlumberger (SLB)  […]
Some weakness in the market this morning – not a real concern at this point. We’ll have to see if the dip-buyers rush in to push back the prices into positive territory. If that happens, you have a handful of stocks below that you can play once they breakout. Here [...]
Current Long Positions (stop-losses in parentheses): BZ (8.10), MWV (26.37), CLMT (21.53), MMM (85.55), ALKS (12.17), FCX (118.75), FSLR (135.30) Current Short Positions (stop-losses in parentheses): None BIAS: 28% Long Economic Reports Due Out (Times are EST): International Trade (8:30am), Producer Price Index (8:30am), Jobless Claims (8:30am), EIA Natural Gas Report [...]
Here are tomorrow’s trade setups. LONG: Kronos Worldwide (KRO)  […]
By far one of my best screens in determining who is buying what on the street! What you will find are those stocks that, among other variables that IÂ use, 1) Gaining an increased amount of coverage by brokerage firms and analysts, and 2) Being upgraded on a regular basis. This [...]
