Stock Picks and Trade Ideas for Monday

New Buy Candidates: ENMD, GKK, KNDI, MGPI, NCT, OPTT, PACR, SNIC, UEIC


Add to: ARST (in since it was trading around 11), CATM, PEET (lifetime high/vol)

Stock Picks and Trade Ideas for Thursday

New Buy Candidates: FSYS, GIVN, HPJ (rebuy?), ICLK (high quality/earnings for longer term trade), MELI, PARD. PCX, PDC, POWR, SANM



Add To: CATM, PWER

Nice Bounce...

...but is it going to last. It may last a few days. Looks like the high quality stocks are the ones holding up well. Lower quality, speculative stocks have outperformed since the initial dip.

Short Candidates for the Next Few Weeks/Months

New Short Candidates: CPLP, DF, DNR, GERN, IRE, LDK, MOD, RBS, RDN, UTA

Out of all these, I like CPLP, DF, DNR, GERN, and LDK the most. They have excellent breakouts to the down side and they have already cleared past the support at their 200 day MA's.

Two Breakouts For Longer Term Trade

PEET and QTM

Bought a bit of both before the market closed as both stocks broke out on high volume and closed near the top of their range on an otherwise truly depressing market action kind of day. While they both may pullback from this point, odds are, they should head higher.

PEET (in at 32.05), QTM (in at 1.98)


Looking at: HPJ (rebuy on a bounce), CLFD (rebuy on a bounce)

Low Risk Buy Points

BIDU 390.37

DDRX: Low 27 range

GMCR 68.25

XRTX 10.71

In the Wrong Stocks??

I will need to take some time this weekend to reassess my portfolio and some trades that I put through. It seems that industry groups and stock favortism is changing with the recent jump in volatility. I do not want to be in the wrong stocks, so it is best that I fix this issue before it becomes a bigger problem.


Battery/Alt. Power Stocks:

Wrong Stock: HPJ (not down bottoming. Will take time to build a base. Rebuy on a breakout pivot once base forms)


Right Stocks: ACPW, POWR, PWER

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Construction/Mining Machinery:

Wrong Stock(s): CAT, JOYG, MTW, TEX

Right Stock: BUCY

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Stock Picks and Trade Ideas for Friday

Market Commentary: The market pulled a fast one on the trading community today. Opening lower, the major indexes caused a hint of selling that began to slowly subside by noon. Todays awe inspiring close was mostly carried on the backs of consumer stocks (mainly retail). As you may have noticed, retail stocks have been some of the top performers (just look at JCG, LIZ, PSUN, etc).


Buy Candidates:

Retail Clothing: DBRN, DSW, JOEZ, PSUN
(arguably one of the strongest groups, as most of its stocks are making new highs)

Media: GTN (add to), SBGI

Paper/Paper Products: BKI, BZ, KPPC

Disk Storage: HILL, QTM, XRTX

Speculative: LEAP, PCS

Battery Stocks: HPJ (pushing its luck), POWR, PWER

Furniture (Retail): HNI, NTZ, TPX, ZZ


I will continue to post more stocks and industry groups sporadically throughout the evening as I am juggling several different tasks....

Short Term Top?

I mentioned a couple days ago that once the VIX hit low 20, a counter trend was sure to develop. And it did. Once the VIX dipped to 20.10, the market started to deteriorate. At one instant we were up 80 or so points. By the close, we were down to -90 points on the DJIA (a 170 point swing in price to the downside). The best strategy is to follow your individual stocks support/resistance levels. If your stocks continue to hold up, hold them. If they are breaking down and hitting stops and mental stop levels, get rid of them. The VIX may bounce up to the 25-26 level before hitting possible resistance. Once that is hit, the markets should bounce from there. On the DJIA, I can see the price hitting 9,800 if the 9,950 level doesn't hold.