Trader's Delight......
Hey ladies and gents...
There seems to be plenty of new longs popping up on the screens. I have quite a few, so here you go:
IIP, VSNT, MEH, NTPA, BORL, NFLD, VRGY, TAM (keep adding), HEI, GOL (wait a lil'), GD, TWGP (let it break 32, 1st), IAAC (good time to add), SHW, BSC (let it break 145, 1st), MWRK, PRXL, BLUD (?), MCD, EMED, AZR, WNS, FMX, PSPT, SIMG, UUU, WOOF, BT, JNC, STEC, ENR (those wireless meeces sure helped improve earnings, if you know what I mean!), TJX (?), TDY, VOLV, SPAR (?), TDS (?), ACP, UCTT, TSS, NHC, NMRX, MBI (?), INPH, AKAM, GRC, ISIG (again!), RKT (?), CVC, MA, PNC (?), SNH, DGIT, FCSE, LOGC, HLIT, UAHC, FUJIY, ELOY, HH (working on handle), PSYS, SRCL (let it break 69 first), TCPIX, TEO, CVNS, NWL, ICI, AMN, CTV (let it break 33 on high volume)
BAS (possibly hit double bottom..possible buy point at 24
Note: This color represents stocks that I believe are the most technically attractive, chart wise.
Want something more risky and speculative? Try NNBP, HYBT, PRGX, ATCO
Quite a few, I know! I will try to narrow some down for tomm and next week. I've been kinda slow the last few days because of school, so bear (not as in the wild animal) with me...
Also, if anyone has any trading ideas or stocks that they would like to share, I encourage you to do so, as this blog is all about the sharing of ideas and knowledge. Thanks!
9/15/06 Updates on New Longs
SXCI, BRLI, PORK, ENSI, DRL?, MNKD?, CNQR, CCOI, CRVL, PRSC?, ARNA, KNSY?, AVD, AUXL, GGL, SMTS, WNS, SYNM?, WLSC?, AKAM, NYX, GOOG (double bottom?), YCC, YSI, PSA, AT, PRST, GXYF, SWAT, GMTI, MA (breakout!), SCHW, AB, TMO, MWRK, RSTI, ISE, ICE, TKR, INWK, NWL, NHC, SUNH?, GD, MAT, LBY, BORL, NDAQ, FMD, FCFS, ECHO, WEBX, EASYD, UCTT, IGT, CHDN?, PVH, UUU, WRLD? OCN?, AEC, TWLL?, GRC, PZZA, IRC, EQ, CVC, IOSP, CJR, JCG, SCI, FCEA, RSTO?, CHL?, CFFN, HPT, TDS, BRLI, NVEC, MTEX, IIVI, TRAD, PSYS, CBZ, GILT, SUAI, EXAS, USM, PSEM, USMO, SIMO, NVDA, NIHD?, SOLM, CPNE. MSI, WLM, RL?, COLM?, CROX. ROG? BCSI, SFNT, ADVS, NWK, NTPA?
As far as Futures are concerned, my opinion is.......
Corn should see upside movement in the upcoming months.
Cattle may rebound, but I wouldn't go long unless it clears 94 and heads into 95.
If Coffee continues to fall, look for a double bottom to set in between 98-100.
If you are still short gold, I would take some profits at 560. If weakness ensues, short some more. If support is present, long some.
I called the short on Copper near the 370 level. So far so good. 330 may serve as some resistance, so be careful. If we break 330, more reistance may kick in at 320. If we break 320, Copper is in for a nice downtrend all the way down to 290. Of course, the opposite may happen. If there happens to be strong support at 330 and news that would benefit copper, long it till 350.
Heating Oil is close to a bottom. It may be a long play if winter temperatures lean on the cold side.
Soybeans, Soybean Meal and Soybean Oil all look like good longs at the moment. They have been on a downtrend for a while and I see a nice upward reversal coming thru.
Lean Hogs may jump up some more, but unless it clears its previous highs, its still a short for me. I already rode up Lean Hogs when the prices started to rise at 56/57.
Sugar may run up in the next few months.
Crude and Nat. Gas may have bottomed for the time being. I would sit out on these two until the future trend becomes more apparant.
The stock indices, such as the Nasdaq, Russell, Dow and S&P look like buys for the upcoming months.
Look for more downward action in the British Pound, Euro, Euro Dollar, Franc, etc.
US Dollar Index should see positive moment, as should the Mexican Peso.
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