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    Perfect Bull Trap From ZION

    There is always a runt in the litter, and yesterday, despite some very nice gains in the portfolio, ZION (an early morning addition) was signaling “Breakout” across the board. As a result, I put about 5% of my capital in this stock, and early on, I was feeling pretty good about things, as it went

    By |Published On: October 14, 2010|1 min read|

  • Long ZION At $22.38

    My entry on this position stunk, no doubt about it. But there was really no way to play it other than to put a buy-stop on it as soon as it hit $22.40 (breakout price). However, what I wasn’t expecting to see was the head fake the the bears gave us, by erasing most of

    By |Published On: October 13, 2010|1 min read|

  • Bought DTV At $42.14

    The market is starting to show signs today, slowly but surely, that it is trying to move higher on the day. As a result, I am buying some shares of DirectTV (DTV) after some nice consolidation formed a bullish flag, which falls in the category of continuation patterns. My stop-loss is fairly tight only

    By |Published On: October 11, 2010|0 min read|

  • 4 Breakout Stocks To Watch

    The market is trying to find its identity still this morning. Employment did not have the effect that many were thinking (including myself) it would have – which is starting to become a trend with these major reports, where we get a lot of reaction, but ultimately we settle somewhere around where we started.  Below,

    By |Published On: October 8, 2010|1 min read|

  • Long PAG At $13.35

    So far this morning the market is simply content with trading sideways. I’m taking a hit in BEAV this morning after a tremendous breakout session the day before. I’ve added Penske Automotive (PAG) to the portfolio this morning on a double-bottom confirmation. My stop is pretty tight on this one, offering a high-reward/low-risk profit opportunity. 

    By |Published On: October 7, 2010|1 min read|

  • Long BEAV At $31.71

    I may be a little early on this trade, but the breakout above resistance, furthered by the breakout from its recent wedge is what caused me to pull the trigger on this one. The market is all over the place today – no clear direction for the at this moment. But I wouldn’t be surprised

    By |Published On: October 6, 2010|0 min read|

  • Long URS At $38.82

    Busy day in the market. I took gains in my short position in Lockheed Martin (LMT), while taking half my gains off the table for Callaway Golf (ELY), and closed out my position in Patriot Coal (PCX) after a 6% gain on the day. I did add a couple of positions near the close

    By |Published On: October 5, 2010|1 min read|

  • Long ENER At $5.19

    Went long this morning in Energy Conversion Devices (ENER). I’ve placed my stop-loss at 4.86. This stock has a lot of breakout potential to it.  Here’s the chart analysis on ENER. 

    By |Published On: October 4, 2010|0 min read|

  • Long PCX At $11.95

    What a week it has been, I think I came away with whip-lash due to all the market reversals that we saw. What was good news was bad news (GDP, Jobs, Consumer Sentiment) and what was bad news was good news (Consumer Confidence). That is why you shouldn’t get too wrapped up in what the

    By |Published On: October 1, 2010|1 min read|

  • KLIC Under Some Heavy Selling Pressure

     

    By |Published On: September 29, 2010|0 min read|