Despite Fears of an Imminent Market Correction, Several Bullish Chart Patterns Emerge- Part 2-The Stocks & Charts

Here are several stocks that I like. They are all showing interesting chart patterns and displaying technical strength


Stocks: AEY, HA, MCZ, NEOG, NG

AEY

Although I suffered a loss on AEY the last time I traded it, I still believe that the stock can make a good trade at the current price level. This is mostly due to the strong bounce off of the 50 day MA on robust volume. A small position is key at first. If it continues to improve, add more.

HA

HA has recently reclaimed its 50 day MA on huge surges of volume. This is signaling some institutional interest in the stock and may hint towards future upward moves.

MCZ

MCZ has successfully bounced off its 200 day MA on higher volume. The current price level provides a low-risk entry right above the 50 day MA.

NEOG

NEOG is a thinly traded stock that is experiencing increased volume during the last few trading sessions. The stock has recently announced strong Q1 earnings which is mostly likely the reason for the renewed interest in this NEOG.

NG

With gold stocks beginning to move into positive territory, it is a no-brainer for me to include a gold stock. NG is currently one of my favorite gold/silver setups. It has recently reclaimed its 50 day MA and has no strayed far from it, allowing one a low-risk entry into the stock.

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Stocks to Add to:

Add to- APPY, BIDZ, CLDA, JST, POSH, SIMC, SQNM

I will try to post some more picks for tomorrow. In addition, I will try to mention some of the current stocks that one should add more to. Later.

Despite Fears of an Imminent Market Correction, Several Bullish Chart Patterns Emerge- Part 1

Assuming the market will be able to continue to hold itself up, there still isn't a shortage of buy-able chart setups on certain stocks. Sure, the next batch of breakouts and moves may be from more speculative issues, but when the object is to make some money and a decent return, who cares? This is definitely becoming a traders market.

The fears of a correction stem from two sources. The first source is the fact that the market has been performing "too well" and that it is technically due for a pullback. The second may stem from the speculative nature of the stocks that are starting to appear. There are many new and speculative issues with no earnings making new highs. Many of them are China stocks. This action is similar to the dot com era where risky, debt-loaded issues began to appear and make huge moves based solely on the fact that they were Internet companies. Could we be seeing the same thing with China stocks? My opinion is, not yet. As euphoric as the move in China stocks has been, it wasn't that spectacular.

The only thing that I'm implying is to use caution. The trend is still up and that simply means to continue to buy. Of course, one should be more cautious when dealing with speculative issues. For instance, do not put as much money in a speculative issue as you would in a higher-priced stock with an earnings track record. It is not worth risking it. I use the same strategy and always allocate less funds to speculative stocks.

What's Hot and What's Not...

Today was a rather hit or miss type of day. There were several stocks that did quite well and there were others that I wish I never bought or mentioned. But that's how the market is. It's all about getting rid of the poor performing stocks as soon as possible and buying the ones that continue to show improvement.
So, lets take a look and see which stocks were hot and which ones flopped..

Hot Stock: ANW, APPY, BIDZ, CLDA, JST, SIMC, SQNM

Flopped: FSIN, PAET, BLOG, HURC, LNOP, OMTR, TSL, YGE

Sells: BLOG, LNOP, PAET, TSL, YGE

Slightly redeemed themselves: AERO, JASO, REDF

Stock Picks and Trade Ideas for Friday, September 28, 2007

New Buy Ideas: ACM, CLDA, CROX, HLF, HURC, JST, TLEO, TTES, UIC,


Add To: ANW, CFSG, EXM, FSIN, OMTR, POSH, SQNM, TWI, TWTI

Sell Ideas: AERO, BLOG, JASO, LNOP, PAET REDF, TSL, YGE, (considered sells if they do not show any improvement near tomorrow's close)

In Play: FSIN

Here is a hot new issue. FSIN is a Chinese metals and wire manufacturer. Given how China related stocks are the "in" thing on Wall Street, FSIN may be a big mover if the current momentum continues.

In Play: BLOG, SQNM

Here are two interesting stocks to check out. At the moment both are heating up the charts and showing tremendous strength and increasing volume. Keep an eye on them: BLOG, SQNM

Stock Picks and Trade Ideas for Thursday, September 27, 2007

New Potential/Possible Buy Candidates: ACM, FFHL, GMST, GPOR, HLF, ITRI, ZINC (rebuy)

Add To: POSH (preparing to breakout of cup w/handle base..just needs a catalyst and some volume)

These are just a few stock ideas. I will continue to look and may post some more in the morning before the market open...

End of Day Recap

Overall, today was a good day. Most of my top holdings held their own and ended up posting modest gains. Some of today's favorites were APPY, AXYS, and BKR. Others such as EXM and SNDA ended up closing negative, mostly from profit taking. I will try and post some stock picks and trade ideas for tomorrow a bit later.

Trade Journal

New Buys:

Added To: APPY

Sell-Profit: ARCI (sold some of my position for a 45% gain), NWK (+23%)

Sell-Loss:

Stocks In Focus For Tomorrow

Potential Buys: FMCN, UIC

Add to: APPY, BW, NTCT, SIMC

After Market Check Up: DJIA creates a Pivot Point

Okay, so I didn't get to sell CPSL at 11 and I didn't get a chance to pick up more BKR at its LOD. But still, it's all good. The impressive 3 day run in APPY has already made up for both of those small mishaps. In addition, the DJIA and NASDAQ have managed to improve their chart setups and have even created pivot points. These pivot points are a bullish indication which show that the financial markets are more resilient to the current credit worries and housing slump. This current patch of market strength should make the rest of the week more interesting.

In Play: REDF

Check out REDF, as it is coming off of a rounding bottom chart pattern with tremendous force. If this momentum continues it may possibly break above its 200 day MA.

Trade Journal

New Buys: ALXN, CATS, NTCT, ONXX, TSL


Added To: APPY, BKR

Sold-Profit: CPSL (+51%)

Sold-Loss:

In Play: APPY, BKR

Not exactly sure why, but APPY has been one of my top performing holdings as of late. Ever since I've picked it up ( a few sessions ago), it has been moving up with tremendous force. I also have to call out the bogus downgrade on BKR. For the past few weeks I've seen many of my top stocks (NWK, SILC and others) being constantly downgraded by analysts. Notice how all the analysts are downgrading Canslim quality stocks with strong technical chart patterns and earnings growth. Coincidence? I think not. How else are institutions and investment banks going to get shares at a discount? Welcome to the wonderful world of stock manipulation. Anyways, enough of my rant. As far as I'm concerned, BKR is a great buy at the current price. Get it while its still at a discount.

Trade Ideas for Tuesday, September 25, 2007

Overall, I wasn't really impressed with today's trading action. A few sessions ago I posted some of my thoughts with the markets current movement. In short, I wasn't impressed with how the market has been consolidating. Each session closed either as indecisive or slightly negative. Today's deceptive early day reversal drove the DJIA down near its low of the day. Despite this, there are still some new long opportunities and plenty of stocks that I would like to add more to in my portfolio.

Possible Buys: ALXN, AXTI, CATS, CLDA, COMV (i), CSIQ (i), GRMN, HLF, HNSN, LTRE, MASI, MELI, MPEL, MYGN, ONXX, REDF (i), SGMA, THI, TLEO, TSL (got stopped out earlier this summer...giving this one a 2nd try)

Add to: AERO, AIRM, ANW, ARCI, ATRO, AXYS, BIDZ, BKR, CPSL (i), EXM, SLI, TWTI

Sell: ASTI, HSVLY.....Both had ugly reversals.

Topping Patterns: Solar Energy Stocks

Just as they seemed to have enough momentum to continue their climb, many of the solar plays seem to be putting in topping out chart patterns. This shouldn't be too surprising especially if one considers their exhaustive runs. I actually thought that they would have had the strength to close a bit more positively but profit taking has taken its toll on the solar energy stocks by the end of the market day. I bought JASO today and I have held YGE for some time now. I'll have to let them go if they continue to show weakness.

YGE: Although it closed up 5%, its chart pattern shows an indecisive close at best.

JASO: JASO reversed the 52 wk high that it established earlier on and actually closed in the negative, near its LOD.

FSLR: Similar mixed sentiment close (like YGE).

STP: Mixed/Indecisive close

SPWR: Reversed earlier gains and closed negative

LDK: Closed negative.

At the moment, TSL has the best looking technical pattern. In fact, I may substitute either JASO or YGE for TSL. We'll see tomorrow.

Trade Journal

New Buys: BIDZ, CPSL, DSX, EXM, JASO

Added To: YGE, SLI

Sold-Profit: MHJ (sold the rest of my position for a 10% profit...MHJ is a perfect example of the uncertainty contained within speculative foreign companies and stocks), ZINC (sold for 10.05% profit)

Sold-Loss: AEY (-8%)

Follow The Leaders: China Stocks, Solar Energy Plays and Shipping Companies and More

As this post's title suggests, the current markets leaders are clearly China Stocks (YGE, JRJC), Solar Stocks (FSLR, ASTI, LDK, JASO, etc), and Shipping Companies (EXM, DSX, DAC, etc). Of course, the Oil and Petroleum related stocks/companies (as well as those that perform engineering and field services for the industry) are holding their own with the price of oil at record levels. Some stocks in this sector include ARD, NOV, DWSN, and FTK.

Trade Journal (September 21, 2007)

New Buys: ASTI (finally decided to rebuy. So far so good), HSVLY, INXI (finally rebought...so far so good)

Added To: AEY, APPY, ARTW, BKR, BW, EHTH, SGU, SLI, TOD

Will add to Next Week: YGE

Sell-Profit: MHJ (some of my position for an 18%+ return), SIMC (some of my position for a 65%+ return)

Sell -Loss: SILC (some of my position for a 8.7% loss)

Thinking of Selling: SNCR
Still Not Touching: JRJC (give me a nice pullback first)

Stock Analyst Assault...

This week has been very rocky for certain stocks as a string of analyst downgrades trimmed more than a few points off most of the markets would-be winners. Some of my stocks have been hit as well including: NWK, OMTR, and SILC. Be careful when playing with stocks that have been downgraded by analysts. Although analysts are often wrong in their assessment and sometimes upgrade and downgrade stocks for their best interest, it is wise to just stay clear of the drama that may ensue. Remember that analysts and their evaluations hold weight and their advice is acted upon by investment banks. It's their word against your stock holdings, thoughts and beliefs. Although I've had some past success with stocks that were downgraded by analysts (PLXS-downgraded 3 times before it broke out), it seldom makes sense holding a loss in a stock that has taken a hit after an analysts rash thoughts on the companies future prospects, when there are plenty of other stocks out there showing strength.

In Play: BKR, SLI

Today's In Play Candidates: BKR and SLI

BKR and SLI are two of the top AMEX stocks at the moment. They are CANSLIM in quality and have strong technicals as well as fundamental qualities. I will post charts of both of these stocks after the market close.

The Indices Need a Bit More Work...

As bullish as the markets may seem, they still have room for improvement. Yesterday's close across most of the major indices (except for the Russell), were mostly indecisive, with some of them pointing more toward a negative bias. The only positive aspect was that volume was significantly lower, indicating a low volume pullback (on both the DJIA and the Nasdaq).

DJIA

NASDAQ

Russell 2000

S&P 500

Trade Ideas for Friday, September 21, 2007

Here are several trade ideas to work with for today....

Add to: ATRO, AXYS, BKR, MPWR

New Buys: VSEC (rebuy)

Trade Journal (September 20, 2007)

New Buys: AATI, AERO (rebought), AEY, APPY, BMI, SHOR, ZINC

Added to: ARCI, ARTW (nice bounce off the 50 day MA), CREE, EHTH, MHJ, MPWR, SIMC, SLP, TIM.TO (over 100% return in a few weeks)

Sells-Loss: SLP (-6.5%)...

Breakouts: MPWR, SHOR

Watching: JRJC (I feel as if it is too over extended for a buy. I'll watch and see if it comes down a bit before I buy)

End of the Day Recap..

The markets continued to echo the effects of yesterdays rate cut as they continued to rally, closing up +76 points for the DJIA, +9.25 for the S&P and up +14.82 for the NASDAQ. Even the Russell 2000 has climbed back up on its 200 day MA. A few weeks ago, the Russell 2000 was looking like a mess.

Stocks I Added to: ARCI, BW, FALC, FRM, MEAS, MHJ, OMTR, SLP, SIMC

Stock I should've added more to: EHTH (beautiful chart by the way)

New Buys: CREE, DGIT

Watching: INXI (looking for a dip before the real possible breakout)

Moving Along Nicely...

Despite some bumps in the road (SILC, SNDA), most of my stocks in my portfolio are performing quite well. Even SIMC has bounced back and is acting fine. The only stock that I could maybe recommend as a new buy is ASTI. I recommended this one a few months back but had to sell because the stock reversed its uptrend soon after the mention. Well the stock is acting fine again and may make a good long as the stock broke out yesterday on high volume. I also posted several gold and silver plays last night. You can add LIHR to that list as well. The best advice that I can give you now is to keep adding more to your top performing stocks and sell the ones that are lagging behind.

Gold Rush...

Oil hasn't been the only commodity that has been making new highs. Gold has been slowly on the rise and has already made an new 28 year high. For the last few weeks, more and more gold stocks have begun to make themselves at home on my watchlist. I would like to highlight a few of them that may make good trades.

Gold Stocks: ABX, AEM, GOLD, RGLD, GG, UXG

Silver Stocks: SIL. MVG

A Look at Some of Today's Winners...

Some of Today's Winners: ANW, ATRO, BW, CMED, EHTH, FALC, MHJ, NWK, SHEN, SILC, SNCR, SNDA, WAT, YGE

An Eye on Today's Laggards

With such an incredible upside move, its hard to believe that some stocks actually closed in the red. Believe it or not, its definitely true. Some of my holdings got hit with profit taking. Lets see which stocks lagged behind the market today...



Today's Losers: CFSG, LNOP, SIMC

I'm not that worried about any of the stocks as I am already making a profit on each of them. SIMC has already netted me close to 50% by itself. Today's decline in SIMC was to be expected as the stock violated its trend line/pattern. I would expect it to trade sideways a bit. Still, patient traders that wanted to get in on the dip had ample time as the stock closed near its 10 day MA.

In Play: NWK

This is a good time to either initiate or add to a position in NWK. This has been one of my favorite plays since 2006 when I initially bought it between 4.30-5.00. It is already up 17% from the last time I mentioned it as an In Play Candidate about a week ago.That just goes to show you how much strength and momentum NWK has.

In Play: PAET

In addition to last nights Stock Focus candidates, keep this new In Play candidate on the radar as well. PAET is setting up a very nice chart pattern and may head higher as long as the market continues to act positively.

The One that Got Away...

If there is one thing I dislike, its when a stock on my watch list makes new highs without me in it. Its true, I can't catch all of them. I have hundreds of stocks on my watch list and keeping tabs on them all the time is next to impossible. One stock that I had been constantly watching and yet never bought, is PODD. I first caught sight of PODD in late August/Early September. I remember that the stock seemed to have strong chart action. I held off from buying it because it was very speculative in nature. Looking back on the stock, I realize that if I had just followed my intuition and bought it, I would have been sitting on a rather nice profit from it. I knew it was a good buy and yet I held back from buying it. Sometimes it is better to go with your intuition (gut feeling) rather then over analyze a stock (like worrying about the fundamentals). One must remember that it doesn't matter WHY a stock is going up. All that matters is that it is showing strength and that it is moving up. That's it. Buy first, do research later. At least that is what a trader should do. Investors (fundamental investors) do research first and then buy later. Neither technique is right or wrong. Just make sure that you are comfortable with whichever technique you choose to utilize.

Another stock that I missed out on was TPC. Yesterday, the stock received a takeout bid from T-Mobile. Had I just bought the stock when I first started taking notice of it, I would have netted a 16-20% profit in a matter of days.

Stock Focus (For Tuesday, September 18, 2007)

New Buys: SLP

Add On To: AXYS, BKR, SIMC (on any dip)



Notes: Add On positions can also be used as initial positions if you are new to a stock. New Buys represent stocks that are new stock picks and/or new holdings in my portfolios. Add-Ons represent stocks currently held in the portfolio or ones that have been already recommended as stock picks.

Waiting and Worrying About the Fed...

Stocks closed modestly lower today in anticipation of the upcoming Fed meeting. This is understandable. I am actually glad to see investors and the stocks behaving in such a fashion. There should be at least some sense of nervousness, caution and uncertainty. I would have felt uncomfortable if investors and traders approached this event in a confident manner. If the outcome of the meeting is positive, the markets may rally from here. If the outcome is negative, down we go again. Regardless, I am sticking with my current positions. I haven't found any new earth-shattering stock that I should be long. Well at least not yet. My research for tomorrow is still far from done. Despite the markets negativity, I was glad to see some of my stocks bucking the trend. Stocks such as SIMC, CMED, SNDA (new buy), and ANW (new buy) all fared well. Even BKR may have finished consolidating as it began to work on a pivot point on above average volume. Whatever the Fed meeting outcome, this will be an interesting week. Now lets sit tight and see what happens...

In Play: ANW, CMED, SIMC, SNDA

Here are today's In-Play candidates...

ANW (new recommendation/stock pick)
SNDA (new recommendation/stock pick)

SIMC (add-on, up nearly 40% from initial buy)
CMED (add-on)

Add-Ons, Sells, etc

Stocks one should Add To: (Note-One can also initiate a new position in the stock at these points as well.)

BCSI

CMED

FALC

NWK

SHEN

SLI

STRL

TOD

TWTI

WRLS

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Sells: Stocks which one should or already should have sold to either take profits or cut losses. Also includes stocks which are on the verge of being sold if they do not continue to show improvement in their chart pattern.

ARTW (if it continues to show weakness and fail to bounce off the 50 day MA)

DBTK (correct sell point would have been a close below its 50 day MA)

DCO

JNPR

LKQX (sell if it can't continue to bounce off of its 50 day MA)

MFE (sell if it can't climb back on its 50 day MA)

MOS

NUAN (if it can't bounce/hold itself above its 50 day MA)

PAS (chart is starting to deteriorate. Time to take profits)

PEGA (sell if it can't bounce off of its 50 day MA)

RGEN (failed breakout. Take Profit and Sell)

SCLD

SPNC (sell and take profits if it can't bounce off its 50 day MA)

STAR

SURW (this one has been a sell since it closed below its 50 day MA. I have already sold it. Sell it as well, if you haven't already done so. This was a failed trade for sure)

SYNO

UA ( sell if it can't bounce off of its 50 day MA)

VII (Sell/take profits since the stock has closed below its 50 day MA on heavy selling volume)

New Stock Picks for the Week of September 17, 2007

New Stock Picks: (Includes New stocks that have not been mentioned in 2007.

ALLI

ANW

ATRO

BOOM (mentioned a few months ago but now its a good initial buy)

GME

SNCR (mentioned a few months ago but now it is a good buy)

SNDA

WAT

New Long Ideas for the Week of September 17, 2007

With the current market situation looking a bit bullish, I've decided to share several new long ideas that I have found. These are new stock ideas, therefore, I haven't even had a chance to scoop them up yet. I also plan to list some of the current holdings one should add more to and which ones should be sold for a profit or loss. I will post the new longs in this thread and create a new post for the Add-Ons and Sells. I will try to post everything by Sunday night the latest. I would have had everything done by now but a unforeseen family emergency has me a bit tied up. Still, I will try to have everything posted. Any new longs are not guaranteed winners. The success of the new longs depends on how the market reacts during the upcoming week. If the market falters, only buy the few stocks (if any) that are showing strength. But go small. Now is not the time to create large initial positions.

Almost...

Today was almost the continuation of the next leg/chapter of the primary uptrend that began back in spring of 2003. I say "almost" because although we closed right above the 50 day MA (the DJIA), we still didn't end up breaking out on high volume either. Also, there still aren't that many healthy bases appearing in stocks either. There are a few breakouts here and there, but nothing that exciting. Most of my stocks did just fine today and for the whole week. There were a few of them that did act up though. MHJ and HMSY did not act as well as I would have liked. Still, others such as NWK, SIMC, SLI, and TOD did just fine. Some of my top winners are taking short breaks and consolidating for a little (such as BKR and MPWR). Still, even their charts still look good and as long as the market doesn't flop and break down again, I'm sure they will fare just fine. For now, enjoy the weekend. I will try and post a few new longs for the weekend. I will also try to do some further analysis on some current holdings and see which ones I should add to and which ones I will sell.

In Play: HMSY & MDCA

Here are two In Play Candidates for today: HMSY and MDCA

HMSY (rebought), MDCA (adding more to pre-existing position)

Another Nice Up Day....

....But, we are still stuck in a lateral trend. Still, if the bullish sediment continues, we may actually be able to climb above the 50 day MA and hopefully stay above it. Today is the day for this to either happen or not happen so keep a close eye on the market. As far as what stocks to buy, hopefully, by now, you should have quite a few of top performers in your portfolio. The markets bounce off of the 200 day MA earlier this week should have provided plenty of time for one to have grabbed some longs. If not, do not worry. If this is the beginning of a new uptrend, there will be plenty of time to pick up some longs. For now, I will be sticking with my winners such as SILC, BKR, MHJ, SIMC, LNOP, etc.

If you need some longs, check out HMSY and MDCA

In Play: MHJ, SILC, SIMC

Here are three In Play candidates for today. MHJ seems to be the most speculative and the riskiest of the bunch. Still, despite its volatile nature, MHJ has improving fundamentals and boasts improving earnings, quarter after quarter. So its no wonder that institutions have begun to take notice in MHJ and picked it up yesterday on strong volume...

In Play: BW, CFSG, EHTH, FRM, OMCL, TYPE, YGE

Today, there are several stocks that are setting up strong technical chart patterns so I decided to list all of them. I will try to post charts of them after the closing bell.

In Play: BW, CFSG, EHTH, FRM, OMCL, TYPE, YGE

Already Own: BW, OMCL

Previously owned: EHTH

New Buys: CFSG, EHTH (rebought), FRM, TYPE, YGE

Indecisive Market Action...

Today's market action pointed towards as state of indecisiveness among investors and traders. It seems that although there were quite a few bargains in the stock bargain bin for investors to pick up, many were still a bit weary and cautious about the recent red-hot sale on Wall Street. Of course everyone is looking for a bounce. Without it, these so-called bargains were really not bargains at all, but instead, empty bags for foolish speculators to hold. The fact is, no one wants to be a bag holder. With that in mind, it is easy to forgive today's mixed action. Despite this, there were a few stocks that still look promising. SLI, NWK, VMW, SIMC and a few others.

NWK

A great time to initiate a position or to add to an pre-existing position. I've been long NWK for a while now (since the beginning of the year) and up over 100% so far...

SIMC

A fairly recent long, SIMC has been trending beautifully right along its 10 day MA. So far, I am up over 18% on it.

SLI

A recent fave, SLI has a similar trend to SIMC. Notice the stock is trending right along its 10 and 20 day MA.

VMW

VMW is my favorite IPO at the moment. Today's breakout helped catapult VMW to new heights...

In Play: NWK

Today's In Play candidate is............NWK......

Keep it Simple....

Although there are a few new stocks on my radar, I am choosing to keep it simple. There are already plenty of longs in portfolio that are performing well. Stocks such as BKR, SILC, BW, SYNO, BCSI, CVGW, LNOP, ARCI, SLI did well even with though the market took a beating.
Of course, there are others that have not done well, such as: JNPR, SIMC, DCO, MOS, CF, MPWR, TOD, SHEN and MEAS. If they do not improve, I will simply let them go. I have been adding to stocks that continue to perform well. This strategy helps me take advantage of strength, while my cut loss strategy ensures that I keep my losses as small as possible.

In Play: BCSI, BDAY

Here are two stocks that are showing strength today. BCSI is at an ideal buy point, especially for those who did not pick it up on its initial breakout. BDAY is experiencing a surge of volume and positive price action. The stock has traded laterally for a while now and may have bottomed out.

Another Boring Down Day Is In Order...

I had to drink an extra cup of coffee just to keep myself awake from the boring, negative end of the week action. I have no new buys planned for today as most of them are messing up their technical setups and therefore becoming unattractive buy candidates. There are several stocks that I am thinking of adding to but I 'd rather wait and see what happens with the market first. One stock that is certainly bucking the trend is CVGW. A defensive food-related stock, CVGW is nearly immune to sharp drops in the market. My other favs such as BW, SILC and BKR have taken a light beating. I may add to BKR near the market close if it holds on well. For now, we'll just have to wait and see how everything plays out....

Trade Journal

New Buys: MEAS (volume has picked up nicely and the stock is showing increased strength following yesterdays positive action)

Add-Ons: BKR, SLI, CVGW, LNOP, JNPR, SILC, BW, ARCI, SIMC

Sell-Profit:

Sell-Loss: a portion of VII (sold the entire August 2007 add-on position for a 7% loss) Note: I still have my initial position which I bought back in Feb, March, and July of 2007. The only position that I had to sell was the August add-on which violated my hold/sell rules, so I had to let it go. My original positions are still intact and in the money.

More of the Same...

As I am writing this, the major indices are starting to lean towards a bullish bias as more and more investors and traders step in to catch the dips that were created after yesterdays fall. There aren't that many new stocks that I want to buy. For now, I may just simply continue to add to my holdings that are faring well. BKR, CVGW, and SLI continue to impress me. These three stocks are showing very strong setups.

Some other nice setups can be found in stocks such as AIRM, MEAS, TWTI

Despite The Weak Market Action, Several Stocks Seem Resilient

Here is a tentative list of some stocks that seem to be bucking today's negative market action: CVGW, ARTW, BKR, SILC, ALVR, JNPR, PRKR, MPWR, NUAN, MFE

BKR




Very positive breakout action with robust volume to back it up. This is exactly what I like to see in a strong stock.









SILC


SILC is offering an encore of yesterdays high-flying action as it propels itself out of a double-bottom like chart pattern. On the one year chart, one can notice that the stock may also be breaking out of a cup shaped base as well. The stock needs to maintain itself at these price levels, as it is ready to climb into uncharted territory.

In Play: CF, DCO, MOS, SILC, SYNO & BKR

Here are several stocks that are acting quite well today. I will have some more In Play candidates before the market close....

So far: CF, DCO, MOS, SILC, SYNO

the Last In Play candidate for today is BKR....

So far, all the picks are performing quite well. DCO, SILC, SYNO and BKR are top-notch stocks that should head much higher if the market continues to act bullish. The fact that they are up 7% or higher shows that the stocks are experiencing high demand from buyers at the moment. But don't sleep on MOS and CF. Both of these stocks are in an industry group that continues to show tremendous strength (Fertilizers).