Stocks to Watch for 8/15/11

Keep an eye on CBOU, EL, IDCC, LMNX, MAKO, MY PEGA, ZAGG. There are also a slew of Chinese micro cap stocks that will be reporting earnings. There are too many to list, but I will post any that may be of interest as I come across them during the trading day.

Possible Bounce?

Watch for a possible bounce in the A.M. Whether or not it will hold remains to be seen. In any case, keep an eye on CBOU, QNST and SODA. These can be daytraded and possibly held for larger moves if the market and stock action permits.

Dead Cat Bounce or Real Bottom?

At this point, we'll just have to wait and see. Today was pretty action packed and involved some intraday trading (mainly LMNX and MAKO, some trades posted on Stock Raider, but not all of them). As far as position trading, I grabbed some LMNX and MCHX. For tomorrow, keep an eye on AERL, CBOU, CLCT, IDCC, LAS, MAKO, NUAN, PEGA, QCOR

Top Performing Industries

As of 3 months

Footwear
Leaders: CROX
Up and Coming: KCP (low float and bottoming out)

Restaurants
Leaders: CBOU, KONA, PEET
Up and Coming: ARCO

Gold Mining:
Leaders: GOLD
Up and Coming: AUQ, PCFG, UAMY

Back to the Futures...

Long: 30 yr Bond, CHF, Hogs, Live Cattle

Stock Watch for Week of 8/8

Watch (longs): ACFN, AEA, CBOU, GOLD, GTU JVA, LONG, MCHX, NATR, PEET, PRKR, RTIX, SINO, SODA, STMP, TSTF

Watch (Shorts): AFFY, AHS, ASIA, BONT, BSFT, CEC, CHDX, CLGX, CPLP, CRU, DRC, EXH, FSTR, GSM, GTIV, IMMR, IPSU, MED, MHR, MGA, NAK, NMM, NNBR, NTLS, NXPI, ORN, PACB, SD, SMRT, SRI, SRZ, SZYM, TLEO, TPC, TTMI, WMS, WNC, WTW, XIDE

Huge Opportunites on the Horizon

I love a bear market. No, not because I go heavily short and pray for doom and gloom. I like corrections because of the fresh new opportunities that they create on the long side. And the more drawn out and treacherous, the better. The decline of 2008 create extraordinary setups in the spring of 2009. There was hardly a stock that did not increase at least 50%. In addition, negative market conditions make it even easier to spot strong stocks that have high strength. Back in 2008, we had an industry wide rally in the oil sector that led to double and even triple digit gains. It always pays to be optimistic, patient and disciplined. So, if your glass is still half full, stick around and patiently watch for great opportunities.

Double Bottom Territory

Markets must bounce from these levels in the next 2-3 days in order for a new trend to start. Further weakness will give us a correction for the next few months.

Double Bottom?

We are close to making a possible double bottom on the DJIA, RUT and SPX.

Keep an eye on: AERL, CLUB, IPSU, LQDT, MITK, SNCR, VRNG

More Weakness

While the market is showing increased fear and weakness, we are still within the parameters for a double bottom, so do not discount it just yet. GENE is back on the radar, but I am hesitant in rebuying after the halting nonsense. I suppose, if you wanted to day trade it, you can while avoiding the carry over risk of the halt.

Showing Strength: ADRL, AERL, GENE, TSTF

Breaking Down: AGP, BORN, CYH, CYOU, DHX, ENSG, HAE, HCA, HGR, HRC, KND, LIWA, OCR, OHI, SBRA, SKH, UHS, VHS

Short Watch: All healthcare plan stocks are being pummeled. These will lead to deep corrections industry wide, leading to strong shorting opportunities.