This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.
either to the upside or downside. At this point it is a bit too difficult to tell, but I am biased towards the long side...
Buy/Long Candidates: AKRX, AMRN, APKT, ASPS, CCIX, DCTH, DDIC, FORD, GSAT, INTT, KRY, LGL, SMTX, UPI, WWON
posted by Nick M. @ 1:12 PM
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This type of bounce is exactly what I was waiting for. But, we need a follow through day (which should also place us above the 200 day MA) to make this an official start to a new uptrend. At this point, the market is very vulnerable and could face resistance right under the 200 day MA (at least for the DJIA and the S&P500). The NASDAQ and RUT have all successful bounced off the 200day MA and look healthy, suggesting that small and micro-cap stocks will lead the new rally (if there is one). I will post some new buy candidates later on tonight.
Stocks to Watch and Possibly Buy: AKRX, CBOU, LGL, LIOX, LOGM, PWER, RDEA, SHLO, SPRD, VCI
posted by Nick M. @ 5:57 PM
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Next week may have a bounce in store for the markets. In case we go green, here are some stocks to consider: AMOT, BHS, BTN, CCRT, CVTI, DTG, LSCC, MEG, NNBR, NXTM, PBTH, PDII, SUI, TAL, VIRL
posted by Nick M. @ 5:51 PM
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In case of further weakness, here are several stocks that are breaking down and showing strong downward momentum: ASIA, CHUX, CYD, DGW, MNKD, PBH, TRIT, VIT
Most of the stocks on the list are China stocks which have been getting hit quite hard the last few trading sessions. Most of these have more downside to go and should be treated as longer term short sell trades.
posted by Nick M. @ 1:21 AM
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It would be great to know exactly what day the sell off would occur, but of course this may not be possible. The only thing that we can do is be cautious and proactive in our trading. One down day does not define a trend, so its rather hard to time the market. For now it may be a good idea to just let things pan out and take some profits. Here are some long and short trade ideas for consideration:
New Buy Candidates: AMRN, BTN, CSTR (jumped in on Friday and got filled in the low 44 range), ELTK, IDSA, ISLN, JRN, KOG, LOOK, MHR, NKTR, NR, SBSA (previous winner), SIMO
Short Candidates: AEA, AGYS, DEER, ENP, QDEL
posted by Nick M. @ 9:00 PM
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Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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