Runner's Rascals

[Runner]

ELOS:

http://img343.imageshack.us/img343/545/elos1iw.jpg (http://imageshack.us)

[Runner]

I'll tighten stop on HD @ Close @ X1 instead of X3 earnings coming on the 15th.

[Runner]

I’m not picking up as many set-ups on the long side. Here is Tuesday’s list:

Short:
PFCB UNFI MOGN TOA GBX MDG TSAI AMZN BECN ACI MHS ELX USG CAI NAT ASF TBL MTW USPI GET OSG CHTT COGN MEG ABX PUMP ASR SKY ARTC AGIX HUM RWT TRI

Long :
AZO SHLM

[Runner]

Going back into wait and see mode here. I think opening new swing longs now has more risk than I’d care to take. The Indices needs to take out old highs and stick for me to get excited. I’ll tighten stops on open positions and head back into stalk mode.

[Runner]

Transportation: http://img330.imageshack.us/img330/9984/trans9ts.jpg
Airlines: http://img330.imageshack.us/img330/5035/air4vt.jpg
Air Delivery & Freight Services: http://img330.imageshack.us/img330/3281/airdel1dt.jpg

Trucking: http://img330.imageshack.us/img330/4771/truck4hw.jpg

I forgot the stalk list:

LSTR JBHT FWRD CNF

[Runner]

I’m not picking up as many set-ups on the long side. Here is Tuesday’s list:

Short:
PFCB UNFI MOGN TOA GBX MDG TSAI AMZN BECN ACI MHS ELX USG CAI NAT ASF TBL MTW USPI GET OSG CHTT COGN MEG ABX PUMP ASR SKY ARTC AGIX HUM RWT TRI

Long :
AZO SHLM

Serveral short triggers with GBX looking the best!

[Runner]

Yes, some of these guys are moving...hahaaaa. Simple let the scan tell me long or short

[Runner]

Here is my take on AAPL. This stock has been one heck of a power horse and for now I remain BULLISH on AAPL….Notice also you do not see any spike highs or lows..

http://img329.imageshack.us/img329/4629/aapl6ud.png (http://imageshack.us)

Still Bull here

http://img439.imageshack.us/img439/9470/aapl5ta.jpg (http://imageshack.us)

[Runner]

INSU- Trigger 19.85
HZO-trigger 28.45
USAK-trigger 24.59
ARO-trigger 22.56
ELOS- trigger 40.56
CHE-trigger 47.20
GPN-trigger 43.62
UNM-trigger 21.73

USAK-follow thru
http://img308.imageshack.us/img308/1706/usak9wm.jpg (http://imageshack.us)

[Runner]

Wednesday’s List:

Long:
SGR SMTS SPSS HOLX ZEUS TSU ABFS VRSN MON VARI ORLY ISE ET LII GDI PLMD PZZA

Short:

LXK CNC KOMG TZOO AEOS OO AMMD IIT XMSR ARTC

[Runner]

Well it is break time again and so I’ll chill out for a while. Need the market to pop old highs before I get excited. No sense in posting any more scans as I’ll leave the market alone and only check in at end of day. I see entering here on the long side might not be wise and I favor swing shorts, but remember thus far the trend is up.

Good Luck,

Runner

[dmk112]

Runner, that's a good decision. Are you holding anything right now, or did you close out all positions?

I think we still have some more room on the upside before resistance is approached but not much more. And then the test comes.

[Runner]

Runner, that's a good decision. Are you holding anything right now, or did you close out all positions?

I think we still have some more room on the upside before resistance is approached but not much more. And then the test comes.

DMK, only 2 positions open now is ELOS and USAK with stops under intra swing low. Tightened stops due to current conditions and I’m quicker to take profits.. Not bad from trigger line on both.

[Runner]

Going to try something new here on my thread. I’m looking for momo plays with time frame from 1-7 days on average. Some will be longer if conditions warrant. Reviewing my swing trades I’ve noticed average time where most profit occurred was about 5 days into the trade.

I’ll post my plans and picks for the day. Because it is easier for me when doing my lists I will use this link http://finance.groups.yahoo.com/group/geO777/ to post lists. Not sure what the site does but it is free from Yhoo Once on site click file . I use Microsoft Excel to export my data. I recommend if you should follow my lead to not place any orders before the open for obvious reasons. The set-ups will consist of a pull back strategy with stocks in a nice uptrend. This will change when I feel the sector is extended and will then look for groups that seem to have put in a nice bottom and are now thrusting off that bottom.

In choppy conditions I think if you trade you should use discretion on the amount of shares you play and consider less shares and lock profits when ya got them. I will not consider anything less than 15.00 and under 100K volumes. I do not care about the company or what it does. I’m only concerned about locking in a profit.

Average increase in price in many of my trades has been 3-6%. If I get a 6% after entry I’ll lock it all in. Now you can trail if you wish or do as you wish. Goal is to find set-ups and have a target of 3% per week. Another goal is to end the first day in profit. In view on many of my trades the ones that did not do well usually started off wrong. As for me I do follow a plan and execute the plan and if it stops me out no big deal. Most of my charting will be from the daily chart and I could care less about a weekly or monthly.

[Runner]

Stalk sheet update for next 3 days
http://f3.grp.yahoofs.com/v1/IId-Q4MWg8DVgOvFK5QqGZrg2bh4YE9RS6l8ptJ09tPUdQ7wyZhVAR t6mM7OvpPsr92LYO2k5-I1Dehx4ZOdbA/Stalk%20sheet%20112105

Sector Watch:
http://finance.groups.yahoo.com/group/geO777/database?method=reportRows&tbl=3

Triggers today:
http://f1.grp.yahoofs.com/v1/IId-Qxnd-MrVgOvFvnnZDkw14MYN70cZkkgA1RJaTlqDjyi3ju7Lnx1yPoR 6Cyo4T147lxe9maHkNQZiryQeQA/Fri%20111805.txt

[Runner]

No set-ups worth mentioning. I will not trade on Monday..

[Runner]

Q's still looking strong
http://img473.imageshack.us/img473/2747/qqqq7tp.jpg (http://imageshack.us)

[Runner]

Wed list:
http://f6.grp.yahoofs.com/v1/4JSDQ59qaTSIrE4WfuXwzl7Q0bw5NzpDUmuSj5--lS4Q5sE8Y-RTGKOdat9S9t_NgLRxF4a0FMzCyhoTlW_wqw/Wed112305.txt

Will not open new positions Wed!

[dmk112]

Runner, are you still in ELOS? I got back in today near 39. This stock has been very volatile lately but I figure I can give it a shot to about 42.

[Runner]

Runner, are you still in ELOS? I got back in today near 39. This stock has been very volatile lately but I figure I can give it a shot to about 42.

DMK, I got stopped out with some small change, good luck with ELOS and may it fly for ya.

[dmk112]

This market is still going higher but still a big percentage of my watchlist is red and some small caps really getting beat up today (AOB,HOM). What is going on??

[Websman]

This market is still going higher but still a big percentage of my watchlist is red and some small caps really getting beat up today (AOB,HOM). What is going on??

AOB decided to Dilute...

"offering of up to 12,500,000 units, each unit consisting of one share of its common stock and three-tenths of a warrant to purchase one share of its common stock, at a price of $4.80 per unit"

AOB sucks.

[skiracer]

This market is still going higher but still a big percentage of my watchlist is red and some small caps really getting beat up today (AOB,HOM). What is going on??

DMK,
Both of those stocks placed private offerings below their stock prices today. I think that is what brought both of them down today.

[Runner]

I'm sure glad a stayed away from ESCL today. It dropped like a rock from the moon. Zero entries for me this week!

[Runner]

Stalk list update:
http://geoshorttermtrading.blogspot.com/

Will stay on the side for now!!

[Websman]

Stalk list update:
http://geoshorttermtrading.blogspot.com/

Will stay on the side for now!!

I'm down to one position. I'm thinking the same.

Might be shorting time soon.

[Runner]

Here was the Play on HOLX. I did not play it and think it might offer another entry in the near future.

http://img328.imageshack.us/img328/9309/holx3wx.jpg

[Thomrich]

Greetings,

relating to DMK,My portfolio has not done well during this latest Bull run,I am about the same as when it started.I can only assume my current trading stategy works best in a choppy market.

Runner,any thoughts on Oil futures?I see a possible blow off top.

cordially Tom

[Thomrich]

AOB decided to Dilute...

"offering of up to 12,500,000 units, each unit consisting of one share of its common stock and three-tenths of a warrant to purchase one share of its common stock, at a price of $4.80 per unit"

AOB sucks.

Greetings,

Possible Short move?

cordially Tom

[Runner]

Greetings,

relating to DMK,My portfolio has not done well during this latest Bull run,I am about the same as when it started.I can only assume my current trading stategy works best in a choppy market.

Runner,any thoughts on Oil futures?I see a possible blow off top.

cordially Tom

Tom,
I’m neutral on the energy guys right now (short term). To me the best sub group (long) might be Oil & gas Equip Services. Most groups are trying to reclaim some ground lost and currently trying to poke their heads back up. I’ll leave them alone. Crude oil’s chart does not look good. Appears to be gapping all over the place and so very unpredictable and for now Crude’s trend is down.

[Runner]

The X-Box360 saga begins. If you go to Ebay.com you will witness supply and demand in effect. Those boys are selling them for 800.00 and up. Now from the new feeds I’ve read some think Microsoft purposely held back on the supply so they can create a frenzy. You know people always want what they cannot have. Microsoft’s goal is to sell 2.5-3 million units in the first 90 days. One news feed even stated that MSFT is selling the 360 for up to 40% less then what it cost to produce it.

I’ll tell you who is reaping the profits of the xbox360. IBM this company produces the chip for the unit and sells them to MSFT for 106.00 per.

Now this thing is suppose to be the latest and greatest in the gaming area with high definition and stunning graphics. Not sure who produces the games for the 360, but at 65-70 dollars a pop they are also positions to see some huge income in the upcoming months

[dmk112]

The X-Box360 saga begins. If you go to Ebay.com you will witness supply and demand in effect. Those boys are selling them for 800.00 and up. Now from the new feeds I’ve read some think Microsoft purposely held back on the supply so they can create a frenzy. You know people always want what they cannot have. Microsoft’s goal is to sell 2.5-3 million units in the first 90 days. One news feed even stated that MSFT is selling the 360 for up to 40% less then what it cost to produce it.

I’ll tell you who is reaping the profits of the xbox360. IBM this company produces the chip for the unit and sells them to MSFT for 106.00 per.

Now this thing is suppose to be the latest and greatest in the gaming area with high definition and stunning graphics. Not sure who produces the games for the 360, but at 65-70 dollars a pop they are also positions to see some huge income in the upcoming months

Runner, good analysis. Actually, MicroSoft's goal is to ACTUALLY make a profit on this XBOX. On the original system they are still at a loss after selling millions of units!! You're right, MSFT will not be making much on this even if they make it a frenzy. I would be looking to the game makers such as EA (Madden is pretty huge). I find it amazing how they did not profit from the original XBOX.

[Runner]

I've updated my sec/stock list and I'm Bull on Bio!!

If interested click blog link for page

[dmk112]

I've updated my sec/stock list and I'm Bull on Bio!!

If interested click blog link for page


Runner, you're bullish on VPHM? Looks like it may have bottomed today (maybe) but there are many stocks out there that look better. IMO

Picked up NDAQ today off the 20 dma, working so far. Take a look, it may be resumig its uptrend.

[Runner]

Hey DMK, NDAQ does look pretty good. Nice front run into a position. One might even look to go long @ 40.52 with stop under LOD. Could have temp support around 37.50. NDAQ is in step with the sub-group..
What I like about VPHM is the double bottom pattern it put in and bounces hard showing some strength. I like DNA at current price and CNET @ 15.20. Yhoo might try to find support here..

Hey Best with NDAQ!!!

[Runner]

Today's trigger long sheet:
BBY-trigger @49.34
Yhoo-trigger @40.94
NDAQ-trigger @40.52
CNET-trigger @ 15.20
DNA-trigger @ 95.94

[Runner]

Retail
Apparel Stores- (MW ANF URBN CACH CHS)
Discount-Variety Stores- (TJX WMT)

[dmk112]

AAPL still going!! This thing is unstoppable.

[Runner]

DMK what a chart this AAPL has moving like clock work

http://img217.imageshack.us/img217/9163/aapl0mp.jpg (http://imageshack.us)

[Runner]

Stalk List Week 12/05/05
AA
METALS & MINING - Aluminum
AIZ
INSURANCE - Accident & Health Insurance
AOS
CONSUMER DURABLES - Electronic Equipment
CENX
METALS & MINING - Aluminum
FBC
BANKING - Savings & Loans
HOLX
HEALTH SERVICES - Medical Appliances & Equipment
IGT
ELECTRONICS - Diversified Electronics
JCI
AUTOMOTIVE - Auto Parts
KDN
MANUFACTURING - Machine Tools & Accessories
MFLX
ELECTRONICS - Printed Circuit Boards
MPG
REAL ESTATE - REIT - Office
MTN
LEISURE - Resorts & Casinos
MWY
COMPUTER SOFTWARE & SERVICES - Business Software & Services
NMTI
HEALTH SERVICES - Medical Instruments & Supplies
NSC
TRANSPORTATION - RailroadsNSS METALS & MINING - Steel & Iron
PENN
LEISURE - Gaming Activities
PLMD
DRUGS - Drug Manufacturers - Other
PMTI
HEALTH SERVICES - Medical Appliances & Equipment
PNK
LEISURE - Gaming Activities
PSSI
WHOLESALE - Medical Equipment Wholesale
SFG
INSURANCE - Life Insurance
SMTC
ELECTRONICS - Semiconductor - Integrated Circuits
TIE
METALS & MINING - Industrial Metals & Minerals
TSG
INTERNET - Internet Information Providers
ZRAN
ELECTRONICS - Semiconductor - Specialized

NDAQ-gets the good boy award of the week!!

[Runner]

ATR trailing stop

Here is a brief layout of the ATR trailing stop. The ATR basically shows the amount of volatility that a stock has over a period of time. I like setting this indicator to 14 days so ATR(14). Lets say you have 50K of money in your account. Determine what you are willing to risk on this trade. I never go above 2%. Lets say your risk tolerance is 1% of your 50K. You know that the most you will risk is 500. Now the next step is to figure out the ATR(14) for this example of BBY you can see the ATR(14) is 1.48. This simply means this stock had been moving about 1.48 over the last 14 trading days. Now you would not want to set your stop at 1.48 or you may be stopped out. Now all you have to do is Use a 2xATR stop. Simply multiply the ATR X 2. Now you have a stop of 2.96 from your entry. Assuming today was your entry day.

Now here is how to figure how much to buy. You know your risk is 500.00 on this trade. You know your 2XATR is 2.96 you know have the data to figure out how many shares you’ll buy. The Math is even simple for me to figure out.

500/2.96=168 shares. If you entered BBY at close today you now know that if you get stopped out you will be with in your risk tolerance.

BBY- entry 49.23
Risk 2.96
Stop 46.27

Do this with all of your trades and you will be ahead of 90% of the traders out there.
http://img236.imageshack.us/img236/4286/bby1xn.jpg (http://imageshack.us)

[billyjoe]

Runner,

Thanks for the info. "knowledge is good" *

*Emil Faber founder of Faber college , Animal House

billyjoe

[billyjoe]

Runner,
I forgot to ask. Say the stock settles down after your purchase and actually goes up. You now have a $500 gain , do you get out at a pre-determined dollar figure , raise the stop so you can't lose, or let it run as long as your set stops aren't triggered ? just curious as to what you'd do. Where do you go to find the 14 day ATR or volatility for any time period?

billyjoe

[Runner]

Runner,
I forgot to ask. Say the stock settles down after your purchase and actually goes up. You now have a $500 gain , do you get out at a pre-determined dollar figure , raise the stop so you can't lose, or let it run as long as your set stops aren't triggered ? just curious as to what you'd do. Where do you go to find the 14 day ATR or volatility for any time period?

billyjoe

Billyjoe, this depends on your style of investing. Here is a conservative approach. Lets say BBY goes up 2.96(initial risk) you could sell ½ your position and trail stop the rest and set it now at break even. Or you can simply keep adjusting your ATR. I like the conservative approach because you sell some shares at a profit and your still in the stock in case it makes a huge move.

Stockcharts has the ATR, I only use the daily ATR and have not looked into the intraday ATR range. Once on Stockcharts site simply select the ATR and then select 14 days or whatever days you want.

[Runner]

Retail
Apparel Stores- (MW ANF URBN CACH CHS)
Discount-Variety Stores- (TJX WMT)

CHS=trigger @ 43.89 Stop 41.89 Scale out 1/2 @ 45.89


Small Tools and accessories group is in pull back mode (BKD SWK )



Transportation Shipping may be working on a bottom (GMR OSG OMM )



As we all know energy is moving again. I like the Oil equipment and services sector the most and also Drilling.

[Runner]

I was in front of my screen yesterday and jumped into HOLX. I planned the trade and what I mistake this trade was. I entered at 37.46 and the stock started to tank heavy. My stop was 34.76 and I was not liking this trade one bit. I panicked today and sold at 36.10. Just about time the stock took off. Now this entitles me for the bone head of the week award. The question now is where does this stock go from here? Sure I messed this all up but should I have stuck with my plan?

[skiracer]

I was in front of my screen yesterday and jumped into HOLX. I planned the trade and what I mistake this trade was. I entered at 37.46 and the stock started to tank heavy. My stop was 34.76 and I was not liking this trade one bit. I panicked today and sold at 36.10. Just about time the stock took off. Now this entitles me for the bone head of the week award. The question now is where does this stock go from here? Sure I messed this all up but should I have stuck with my plan?

Runner,
I have to ask you this question in trying to understand your actions today and since you put this out there for everyone to see I guess you want some feedback. How does someone like yourself who has enough emotional control and backbone to parachute out of a plane in the black of night, putting it all on the line, risking his life, an yet maintain his composure under those circumstances to function at 110 %, lose the emotional control of honoring his preconceived plan and shelving it in midstream after watching the stock close down at $35.44 from his initial entry the previous day, yet stays in the position,then watches it go to a low of the day at $35.16 and when the stock begins moving back up towards his initial entry point, and was about halfway there at $36.10, decides to exit the position 1.34 points away from his preplanned stop loss while the stock is now reversing and tracking upward.
Not knocking you but just trying to understand and help you understand your actions. Anyway I see some differences between the weekly and the daily. The stock has been on a steady uptrend of late and looks to me to need some more consolidation. I would forget about yesterday and today and let it go. Don't chase the stock right now but wait for a pullback, or the next pullback when you get a good clear signal of a channel long, and when the setup it right go after it if you're still inclined.
Right now you may be to blurred to make a clear decision about what you want or should do. I would stand back, let it go, take the small loss, and clear your head about it. Next time don't place the stop if you're not prepared to go all the way with it. All in friendship Runner. Sorry I compacted it a bit more than I had realized. Love that InfanView though. Thank you Spike.

http://img212.imageshack.us/img212/1394/holx8ny.jpg (http://imageshack.us)

http://img212.imageshack.us/img212/4747/holx26zo.jpg (http://imageshack.us)

[skiracer]

I was in front of my screen yesterday and jumped into HOLX. I planned the trade and what I mistake this trade was. I entered at 37.46 and the stock started to tank heavy. My stop was 34.76 and I was not liking this trade one bit. I panicked today and sold at 36.10. Just about time the stock took off. Now this entitles me for the bone head of the week award. The question now is where does this stock go from here? Sure I messed this all up but should I have stuck with my plan?

Runner,
Actually I have my own situation for bonehead move of the week. Last week I was holding SIRF and PDLI. Made a decent gain of 1+ point on each one but exited both on pullbacks that made me overly anxious about protecting my gains. Now they are both doing exactly what I thought they would do, see my previous posts about them in my thread, and moreso an I'm out of both but am holding 4000 shares of HOM @ $5.84, down -.17 after close today, and which has been exceedingly boringly rangebound between $5.78/.80 and $5.65 for the last two weeks. I know that the minute I get out it will take off but still hasn't dropped to my stop loss point. A test of patience and control while other things I loved are moving without hesitation upward. We must love the pain.

[Runner]

Ski, I did let my emotions take over and by letting doubt creep in led me to do something I regret doing. I was not getting a good feeling about the market and I thought we might have a nasty sell off. I tried to be cute and get in early on a set-up. BOOOOOMMM this sucker started heading down with out a parachute.

I think what kicked me in the face with a size 10 airborne boot was the drop right after entry. I did have a plan and did not trade this plan and for this I’m pissed, but things happen. Now the good thing I did right was take a 1% position size in HOLX and so the hit was not bad.

To answer your question about what I did today. I had a brain fart and might need a check up from the neck up!!!hahaha Really Ski my actions today was incorrect and just plain out wrong.

Lesson to be learned follow your plan and don’t doubt yourself.

Ski, points well taken

[skiracer]

Runner,
I have been watching the stock of late and feel that it is far from done. I think it needs to consolidate a bit more down to around where your first stop was placed for an entry. I'm like it alot an am going to be watching it closely for an entry in that range on the next pullback. I think there is still alot of gas left in the tank.

[dmk112]

How about this...I get stopped out on ELOS @ 38...I don't want to talk about what happend after that.

[Runner]

How about this...I get stopped out on ELOS @ 38...I don't want to talk about what happend after that.

I hear ya DMK. Choppy to say the least this week!!

For Month of Dec over 5 years
http://img236.imageshack.us/img236/2060/igover5years0dn.jpg (http://imageshack.us)
[/IMG] (http://imageshack.us)
S&P down .42% over first 9 days
http://img234.imageshack.us/img234/6417/igdec051dv.jpg (http://imageshack.us)

[Runner]

MOMO groups over last 12 days
http://img226.imageshack.us/img226/4151/momogroups2pq.jpg (http://imageshack.us)
Aluminum- is in pullback mode look at possible play
http://img226.imageshack.us/img226/6127/aluminum2yu.png (http://imageshack.us)
Major Airlines-at double top
http://img232.imageshack.us/img232/2333/airlines6sw.jpg (http://imageshack.us)
Metal Fabrication- hit double top and pulled back. If stalls near old highs look to short
http://img226.imageshack.us/img226/3545/manu1ox.jpg (http://imageshack.us)

Gold- broke out of narrow consolidation zone. Look for retest

[New-born baby]

Runner,
Nice post. Short the airlines! Oil is increasing in price--my sources predict $3.50 by May/June. Besides, once the Christmas travel is over, the airlines should slow down some in Jan/Feb/Mar. And at a double top! They could fall from 122 all the way down to 89--a nice trip.

[Runner]

Q's still looking strong
http://img473.imageshack.us/img473/2747/qqqq7tp.jpg (http://imageshack.us)
Received sell signal on the Q's on Dec 13th.
http://img339.imageshack.us/img339/5470/qqqq9na.jpg (http://imageshack.us)

[Runner]

Here is a list of those stock groups that have out performed the S&P500 for the month of Dec over past 5 years.
http://img370.imageshack.us/img370/5504/igover5years7xb.jpg (http://imageshack.us)

[billyjoe]

Thanks, Runner, that is some valuable information. Post all you can on group performance. I think lots of investors don't put enough importance on this area.

billyjoe


p.s. TA people, any graphs on group performance vs. S & P ?

[dmk112]

Runner, what do you think of ADPT?

[Runner]

Runner, what do you think of ADPT?
DMK, it has the big mo going on for now. Missed the entries for this run. I’d move into stalk mode here and see what happens next. It has had a real nice run up.

http://img515.imageshack.us/img515/5461/adpt1zr.png (http://imageshack.us)

[Runner]

Stalk List 12/19/05
I have a few shorts mixed in the list. Many in the energy/oil looking pretty good

ARS
METALS & MINING - Industrial Metals & Minerals
BDC
MANUFACTURING - Industrial Electrical Equipment
CDIS
ENERGY - Oil & Gas Equipment & Services
CHRW
TRANSPORTATION - Air Delivery & Freight Service
CHUX
LEISURE - Restaurants
CLB
ENERGY - Oil & Gas Equipment & Services
DBRN
SPECIALTY RETAIL - Apparel Stores
DXPE
WHOLESALE - Industrial Equipment Wholesale
EMAG
COMPUTER SOFTWARE & SERVICES - Business Software & Services
GMXR
ENERGY - Independent Oil & Gas
GRP
ENERGY - Oil & Gas Equipment & Services
HP
ENERGY - Oil & Gas Drilling & Exploration
HUBG
TRANSPORTATION - Air Delivery & Freight Service
INTU
COMPUTER SOFTWARE & SERVICES - Application Software
JOYG
MANUFACTURING - Farm & Construction Machinery
LUFK
ENERGY - Oil & Gas Equipment & Services
MSO
MEDIA - Publishing - Periodicals/News
MVK
ENERGY - Oil & Gas Equipment & Services
NCOG
DIVERSIFIED SERVICES - Business/Management Services
NTLI
MEDIA - CATV Systems
OPLK
ELECTRONICS - Semiconductor - Integrated Circuits
PDS
ENERGY - Oil & Gas Equipment & Services
PLLL
ENERGY - Independent Oil & Gas
RES
ENERGY - Oil & Gas Equipment & Services
SBNY
BANKING - Regional - Northeast Banks
SEIC
DIVERSIFIED SERVICES - Business/Management Services
TZOO
INTERNET - Internet Information Providers
UVV
TOBACCO - Tobacco Products, Other
WCG
HEALTH SERVICES - Health Care Plans
XPRSA
TRANSPORTATION - Trucking

[Runner]

Thus far off initial list I like the oil services group and the following are setting up for a possible pullback buy:

CDIS LUFK GRP PLLL MVK RES CLB

[Runner]

Thus far off initial list I like the oil services group and the following are setting up for a possible pullback buy:

CDIS LUFK GRP PLLL MVK RES CLB

RES is trying here!!

[Runner]

Received sell signal on the Q's on Dec 13th.
http://img339.imageshack.us/img339/5470/qqqq9na.jpg (http://imageshack.us)

Looks as if this sell signal was pretty much on target

[dmk112]

Looks as if this sell signal was pretty much on target

Nice call....we may have a top here...

[spikefader]

Looks as if this sell signal was pretty much on target
Yep, it was a great signal. Please keep posting them! :)

[Runner]

I think CRM may resume it's trend!

http://img389.imageshack.us/img389/1736/crm0qb.png (http://imageshack.us)

[Runner]

CRM Trigger line 33.65 Stop 31.22

[dmk112]

Runner, you're bullish on this market??

[Runner]

Runner, you're bullish on this market??
DMK, I’m neutral on this market right now. We just have not gone anywhere in a few weeks. Next short term Bull task I see for S&P is to clear 1270 and Bear task 1255. I view this day as a Bull failure. But for now I’m in Neutral and advice trading few shares or staying out and forgetting about the market until after the New Year.

I’ll more likely than not stay in cash, as I’m leaving town next week.

[dmk112]

So you wouldn't be picking up that p/b would you?

[Runner]

So you wouldn't be picking up that p/b would you?
No, I'm going to Florida next week!!

[Websman]

No, I'm going to Florida next week!!

You coming to see Dave, Gatorman or myself???

[dmk112]

No, I'm going to Florida next week!!


Lucky!!!!!!!

[Runner]

I think CRM may resume it's trend!

http://img389.imageshack.us/img389/1736/crm0qb.png (http://imageshack.us)

CRM triggers
http://img463.imageshack.us/img463/2064/crm5bn.png (http://imageshack.us)

[Runner]

Possible Short candidates worth keeping an eye on for the following week

MOGN- has been in a intermediate downtrend and has pulled back. One may take it short off violation of the 17.75 areas.

COHU- is currently in a downtrend.

AVL- is in an intermediate term downtrend and has pulled. One may look to take it short @ 29.60

Only problem I see with these is the group action is in an uptrend. Plus the markets in general are moving sideways.

http://img480.imageshack.us/img480/65/mogn1bl.png (http://imageshack.us)
http://img480.imageshack.us/img480/6397/avl1tq.png (http://imageshack.us)

[Runner]

Looks as if last week was a great time to be on vacation. Not many scan returns coming in on the long side. Hope everyone had a great New Years!!

[Runner]

Stalk List Tues Jan3 2006
Here is Tues list for possible long plays. I’m not getting many returns and recommend using caution on any long positions at this time. I may sit out the first part of the week and see how things develop.
AMD
ELECTRONICS - Semiconductor - Broad Line
AMLN
DRUGS - Biotechnology
AMR
TRANSPORTATION - Major Airlines
BEAV
AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
BWLD
LEISURE - Restaurants
GG
METALS & MINING - Gold
HOLX
HEALTH SERVICES - Medical Appliances & Equipment
JBLU
TRANSPORTATION - Regional Airlines
LEND
REAL ESTATE - Mortgage Investment
PSS
SPECIALTY RETAIL - Apparel Stores
RACK
COMPUTER HARDWARE - Diversified Computer Systems
RGLD
METALS & MINING - Gold
RHAT
INTERNET - Internet Software & Services
UCO
DIVERSIFIED SERVICES - Rental & Leasing Services
UEPS
DIVERSIFIED SERVICES - Business/Management Services
VRTX
DRUGS - Drug Manufacturers - Other
XPRSA
TRANSPORTATION - Trucking

[Runner]

http://img459.imageshack.us/img459/6986/listtues4rv.png (http://imageshack.us)

[Runner]

I scaled out 1/2 on AMD. This is the only one I own in this group. Group up 1.76 in last 2 days.
http://img409.imageshack.us/img409/3839/scorewed2yw.png (http://imageshack.us)

[Runner]

LAS VEGAS--Networking products maker Netgear and wireless calling provider Skype on Wednesday unveiled the first Wi-Fi phone designed to work on the internationally popular voice over IP service.

The so-called Wi-Fi phone, which will allow Skype users to access the service and call anyone anywhere in the world, is expected to be available in the first quarter of 2006. The companies also said pricing would be announced in that time frame.
http://news.com.com/Skype%2C+Netgear+to+launch+Wi-Fi+phone/2100-7352_3-6018508.html?part=rss&tag=6018508&subj=news

http://www.theinquirer.net/?article=28726

[Runner]

I don't like this action and will park it on the side. 1 position open with stop. Be careful folks.
http://img233.imageshack.us/img233/7274/sp50015063ls.png (http://imageshack.us)

[Runner]

Heres the group still up 1.71% thus far.
http://img223.imageshack.us/img223/9587/groupthur1sh.png (http://imageshack.us)

[Runner]

Here are some that are trending and or in P/B. Not all are ready but gold may try to move up. Just throwing them out here and I’ll more likely than not sit on my hands

GFI GG GLG AEM RGLD PDG OMG HZO IFO PONR FMCN SPSS

[Runner]

Heres the group still up 1.71% thus far.
http://img223.imageshack.us/img223/9587/groupthur1sh.png (http://imageshack.us)

This group of 18 closed out the week +3.56%

[Runner]

Here are some that are trending and or in P/B. Not all are ready but gold may try to move up. Just throwing them out here and I’ll more likely than not sit on my hands

GFI GG GLG AEM RGLD PDG OMG HZO IFO PONR FMCN SPSS

This group closed +2.74%

[Runner]

3o stocks tot=6.30% on the week

[skiracer]

This group closed +2.74%

Runner,
I've been holding that gold ETF (GLD) since back in May/June of 2005. Up over 100 points since my entry. I think we'll see it over 600 or more by the end of 2006.

[Runner]

Runner,
I've been holding that gold ETF (GLD) since back in May/June of 2005. Up over 100 points since my entry. I think we'll see it over 600 or more by the end of 2006.
GOLD has been looking good. Awesome job SKI with the EFT.

I'll be waiting for a P/B in the markets. I got zero retuns off my scans for entry. Once a P/B happens the scans will flood again!!

[Runner]

Nice acceleration off trigger line on this one!
http://img424.imageshack.us/img424/8707/vrtx8nj.png (http://imageshack.us)

[Runner]

RGLD- still in step mode
http://img284.imageshack.us/img284/662/rgld0mc.png (http://imageshack.us)

[Runner]

PONR=trigger today
I did not take the trade!!

[Runner]

FMCM accelerating mode

[Runner]

Here are some that are trending and or in P/B. Not all are ready but gold may try to move up. Just throwing them out here and I’ll more likely than not sit on my hands

GFI GG GLG AEM RGLD PDG OMG HZO IFO PONR FMCN SPSS

Firday's stalk doing well today! No buys here just looking

[Runner]

Moving this group into watch mode. A few look ready to trigger.
ATI
BG
BOBJ
BRCM
CCI
CCJ
IBN
OPLK
SIGM
TWP
UVN
VECO

[Runner]

BG=trigger @57.90

[Runner]

1% model has stop 55.46 with intial target @ 60.34 scale out 1/2 trail rest.

[Runner]

Move stop on AMD @ 32.58

[Runner]

Today I bot BG @ 57.90
Stop @ 55.46
Initial Target 60.34 scale out ½ trail rest
1% model

edit: sorry for the repeat

[Runner]

RHAT looking strong off trigger line. Might be accelerating now
http://img208.imageshack.us/img208/9089/rhat0hp.png (http://imageshack.us)

[Runner]

I'm thinking JBLU might return to around the 12.00 area. Gap down and failure at the test followed by trigger short.
http://img395.imageshack.us/img395/8895/jblu6po.png (http://imageshack.us)

[Runner]

I'm looking at these sectors
FINANCIAL SERVICES - Closed End Fund - Foreign
REAL ESTATE -
REAL ESTATE - REIT - Diversified/Industrial
REAL ESTATE - REIT - Hotel/Motel
MANUFACTURING -
MANUFACTURING - Machine Tools & Accessories
MATERIALS & CONSTRUCTION - Heavy Construction
SPECIALTY RETAIL -
SPECIALTY RETAIL - Auto Dealerships
WHOLESALE - Industrial Equipment Wholesale
WHOLESALE - Drugs Wholesale
TRANSPORTATION - Major Airlines
COMPUTER HARDWARE - Computer Based Systems
ELECTRONICS -
ELECTRONICS - Semiconductor - Memory Chips

[DSteckler]

What brought those sectors to your interest?

[Runner]

Dave, just looking at the charts. Many have left a nice base and may offer a P/B entry.

[Runner]

Trailing AMD off Intraday chart for a Exit

[RL]

Runner I have been holding AMD for a big run do you feel I should take some of the profits?

[Runner]

Runner I have been holding AMD for a big run do you feel I should take some of the profits?
RL, not sure of your strategy. Or where you got in. I got in @ 30.85 for a swing trade. In fact I got in by mistake. I was playing with my order conditions in the pre-m and it triggered. In fact I still don’t know what the heck I did. Bonehead move, but in this case the market forgave me for my stupidity. AMD I traded before Christmas for a nice profit and I saw it set up again. It has the big mo behind it and I’m going to lock in some profits. If it sets up again I may look to re-enter.

I think only you can answer the question as to whether or not you should lock in your profits.

Best trading

[RL]

Gotcha been In since 20.50 guess I better go for a while

[Runner]

Hey Ray that is slap up just awesome. Great job!!!!

[RL]

Runner thanks for the slap on the back. I did not have the b- - - s to pull the trigger hope It was not [greed?] but I remember Sike said resistance Is just that untill It's support looked to me that AMD broke thru at 32.00 to 33.00 chkd. 3omin chart looked like It was setting up resistance chkd. semi-chip chart looks like It's going straight up chkd. BRCM,QCOM,MYRL, all up and looks like vol. will all be up on these stocks decided not to argue with the market. WE SHALL SEE

[Runner]

Ray, I’ve found for some reason I do better when I don’t sit in front of the screen and watch every tic and tac. I’m more influenced to sell way to early when I micro manage my positions. Anyway I see a small base off the 35.40 area 60 min chart. I got my stop under that base. I got stop in @ 34.20 and will move it up if it bases off 35.00

[Runner]

Moving this group into watch mode. A few look ready to trigger.
ATI
BG
BOBJ
BRCM
CCI
CCJ
IBN
OPLK
SIGM
TWP
UVN
VECO

ccj oplk sigm made little moves!!

[RL]

The only reason I'm spending more time on this today Is the bride Is at the casino

[Runner]

moving hard stop to 35.65 on AMD

[Runner]

Stopped out on AMD, heck I'm almost at my goal for the year... A few more trades like this and I just might stop trading for the year.

[dmk112]

Good going Runner. I think we are in day one of the pullback. Should be some nice setups next week.

[Runner]

Group list for Friday:
ALKS
AOS
ARNA
CEPH
CLZR
CRM
CTRN
DAKT
FOSL
GFI
GLG
GPRO
HOV
IMCL
IPS
LI
MNTA
MTXX
MW
NDSN
REGN
RGLD
SERO
TEK
TOA
VIVO

http://img70.imageshack.us/img70/1654/watch0113067ag.png (http://imageshack.us)

[billyjoe]

Runner,
Last year I asked a friend of mine who's in the bus industry about LI, Laidlaw Int. who owns Greyhound as one of it's businesses. He said Greyhound was doing well but Laidlaw had acquired them and didn't have a clue about the industry. I didn't buy LI and I think it has doubled in the last year or so. Wait until I see him again.

billyjoe

[Runner]

Runner,
Last year I asked a friend of mine who's in the bus industry about LI, Laidlaw Int. who owns Greyhound as one of it's businesses. He said Greyhound was doing well but Laidlaw had acquired them and didn't have a clue about the industry. I didn't buy LI and I think it has doubled in the last year or so. Wait until I see him again.

billyjoe

Only a few on the list pass my trend qualification and they are
GLG CRM AOS

The others are for the most part in P/B mode.

Billyjoe, sorry to hear that. Next time ya see him rub it in about LI and tell him you’ll never listen to him for stock advise…hehehe

[Runner]

TOA REGN VIVO GRPO GLG LI GFI RGLD

Few trying to gain some mo.

[Runner]

I'm thinking JBLU might return to around the 12.00 area. Gap down and failure at the test followed by trigger short.
http://img395.imageshack.us/img395/8895/jblu6po.png (http://imageshack.us)

Not certain if JBLU will hit my IPT @ 13.25

[Runner]

Next group


AIR AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
ALKS BANKING - Foreign Regional Banks
ALY COMPUTER SOFTWARE & SERVICES - Business Software & Services
ARD CONSUMER NON-DURABLES - Textile - Apparel Clothing
ARNA DRUGS - Biotechnology
ATMI DRUGS - Diagnostic Substances
BCRX DRUGS - Diagnostic Substances
BLUD DRUGS - Drug Delivery
BRCM DRUGS - Drug Manufacturers - Other
BZH DRUGS - Drug Manufacturers - Other
CBK DRUGS - Drug Manufacturers - Other
CEPH ELECTRONICS - Printed Circuit Boards
CIB ELECTRONICS - Scientific & Technical Instruments
CMED ELECTRONICS - Scientific & Technical Instruments
CRM ELECTRONICS - Semiconductor - Integrated Circuits
DHI ELECTRONICS - Semiconductor - Integrated Circuits
FWLT ELECTRONICS - Semiconductor - Integrated Circuits
GDP ELECTRONICS - Semiconductor Equipment & Materials
GES ENERGY - Independent Oil & Gas
HLEX ENERGY - Oil & Gas Drilling & Exploration
HOV ENERGY - Oil & Gas Equipment & Services
HURC ENERGY - Oil & Gas Equipment & Services
JOYG FINANCIAL SERVICES - Investment Brokerage - National
KBH HEALTH SERVICES - Medical Instruments & Supplies
MCRI INSURANCE - Insurance Brokers
MFLX INTERNET - Internet Software & Services
MRVL LEISURE - Resorts & Casinos
NUVO MANUFACTURING - Diversified Machinery
OVTI MANUFACTURING - Farm & Construction Machinery
RES MANUFACTURING - Industrial Electrical Equipment
RYL MATERIALS & CONSTRUCTION - Heavy Construction
SAH MATERIALS & CONSTRUCTION - Residential Construction
SIRF MATERIALS & CONSTRUCTION - Residential Construction
TESOF MATERIALS & CONSTRUCTION - Residential Construction
TOA MATERIALS & CONSTRUCTION - Residential Construction
TRAD MATERIALS & CONSTRUCTION - Residential Construction
VRTX MATERIALS & CONSTRUCTION - Residential Construction
WBMD SPECIALTY RETAIL - Apparel Stores
WIRE SPECIALTY RETAIL - Auto Dealerships

[DSteckler]

How did last week's group work out? Do you create a basket (like FolioFn) or use ETFs?

[Runner]

In review of Karel’s post I simply throw up tickers of stocks that look interesting to me. These charts may or may not be ready to go off. Not sure if this is informative enough? Karel what ya think? Is this thread in proper guidance of this forum?

[Runner]

How did last week's group work out? Do you create a basket (like FolioFn) or use ETFs?
Dave, this is just my initial pixie dust list from today. I will study these this weekend and formulate a plan on some. I will see what sectors return the most in my scans and then check them out. Sometimes I’ve found this little technique useful as it may indicate where the money may be going.

[Runner]

Playing with charts tonight....
http://img354.imageshack.us/img354/8493/fwlt5sc.png (http://imageshack.us)
http://img464.imageshack.us/img464/6963/air4wp.png (http://imageshack.us)
http://img464.imageshack.us/img464/2770/blud3vm.png (http://imageshack.us)

[DSteckler]

<< Sometimes I’ve found this little technique useful as it may indicate where the money may be going. >>

This might help:

http://www2.barchart.com/sectors.asp?base=industry

This is also useful:

http://www.bullsector.com/bullsectorlists.html

[Runner]

<< Sometimes I’ve found this little technique useful as it may indicate where the money may be going. >>

This might help:

http://www2.barchart.com/sectors.asp?base=industry

This is also useful:

http://www.bullsector.com/bullsectorlists.html
Dave, thanks for the links

Possible play On FWLT
I see possible trigger @ 42.45 with stop @ 40.03. Initial profit target 44.87 scale out ½ at profit target and trail rest.

[Runner]

BG stop now @ 56.73
Target 60.34 scale 1/2

http://img73.imageshack.us/img73/3116/bp1xp.png (http://imageshack.us)

[Runner]

<< Sometimes I’ve found this little technique useful as it may indicate where the money may be going. >>

This might help:

http://www2.barchart.com/sectors.asp?base=industry

This is also useful:

http://www.bullsector.com/bullsectorlists.html
Dave, to better answer your question I do a series of “Delta Relative Strength Sorts” of sectors in comparison with the S&P500. For example, last swing point low on 1/03/06 to current the S&P gained 1.48% in value. The following sub-sectors place in the top 5
Semi-Memory chips +17.33%
Building Materials Wholesale +12.45% and so on

Then I’ll pick out other swing points or major lows from different time points and see what rises to the top. This does not indicate that I trade a stock with-in the sector, but it does let me know the money was flowing into Semi-Memory chips when it has gone up 17.33% in such a short time. By applying this simple technique it helps in finding rotation of money. This simple technique is part of my annalist of the sectors and does pretty well at picking out rotation and influx of money flow within the sectors themselves.

Just wanted to clear this up with a more defined answer.

[Runner]

I'm thinking JBLU might return to around the 12.00 area. Gap down and failure at the test followed by trigger short.
http://img395.imageshack.us/img395/8895/jblu6po.png (http://imageshack.us)
JBLU update:
http://img398.imageshack.us/img398/9169/jblu1qx.png (http://imageshack.us)

[Websman]

Can't work today eh Runner? It's a little stormy looking down here..

[Runner]

Stop in 13.20 JBLU

[Runner]

Stop in 13.20 JBLU

Stop out right at the close

[Jim Smith]

I don't get it, you're playing airlines as oil rises?

[Runner]

I don't get it, you're playing airlines as oil rises?
Jim Smith, had you bothered to read my last few pages you would have learned I shorted airlines….

[Runner]

Next group


AIR AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
ALKS BANKING - Foreign Regional Banks
ALY COMPUTER SOFTWARE & SERVICES - Business Software & Services
ARD CONSUMER NON-DURABLES - Textile - Apparel Clothing
ARNA DRUGS - Biotechnology
ATMI DRUGS - Diagnostic Substances
BCRX DRUGS - Diagnostic Substances
BLUD DRUGS - Drug Delivery
BRCM DRUGS - Drug Manufacturers - Other
BZH DRUGS - Drug Manufacturers - Other
CBK DRUGS - Drug Manufacturers - Other
CEPH ELECTRONICS - Printed Circuit Boards
CIB ELECTRONICS - Scientific & Technical Instruments
CMED ELECTRONICS - Scientific & Technical Instruments
CRM ELECTRONICS - Semiconductor - Integrated Circuits
DHI ELECTRONICS - Semiconductor - Integrated Circuits
FWLT ELECTRONICS - Semiconductor - Integrated Circuits
GDP ELECTRONICS - Semiconductor Equipment & Materials
GES ENERGY - Independent Oil & Gas
HLEX ENERGY - Oil & Gas Drilling & Exploration
HOV ENERGY - Oil & Gas Equipment & Services
HURC ENERGY - Oil & Gas Equipment & Services
JOYG FINANCIAL SERVICES - Investment Brokerage - National
KBH HEALTH SERVICES - Medical Instruments & Supplies
MCRI INSURANCE - Insurance Brokers
MFLX INTERNET - Internet Software & Services
MRVL LEISURE - Resorts & Casinos
NUVO MANUFACTURING - Diversified Machinery
OVTI MANUFACTURING - Farm & Construction Machinery
RES MANUFACTURING - Industrial Electrical Equipment
RYL MATERIALS & CONSTRUCTION - Heavy Construction
SAH MATERIALS & CONSTRUCTION - Residential Construction
SIRF MATERIALS & CONSTRUCTION - Residential Construction
TESOF MATERIALS & CONSTRUCTION - Residential Construction
TOA MATERIALS & CONSTRUCTION - Residential Construction
TRAD MATERIALS & CONSTRUCTION - Residential Construction
VRTX MATERIALS & CONSTRUCTION - Residential Construction
WBMD SPECIALTY RETAIL - Apparel Stores
WIRE SPECIALTY RETAIL - Auto Dealerships
Top 5 BCRX ARD CMED TRAD ALY
Bottom 5 NUVO TOA CBK MCRI MRVL

Gainers 16
Losers 22

TOT=+0.68%

[Runner]

Can't work today eh Runner? It's a little stormy looking down here..
Webs winter time is my slack time. If I put in more than 12 hours per week sumfin wrong....

[Runner]

Sector strength in relation to S&P
01/11/06-01/17/06 (swing point high to current)
http://img299.imageshack.us/img299/1442/sectorstrength8yl.png (http://imageshack.us)

01/03/06 –current S&P +1.11%
http://img70.imageshack.us/img70/4849/sectorstrentgh20kk.png (http://imageshack.us)

11/22/05-current S&P +1.72%
http://img70.imageshack.us/img70/6255/sectorstrentgh34pq.png (http://imageshack.us)

10/12/05-current S&P +8.94%
http://img368.imageshack.us/img368/8876/sectorstrengh47qd.png (http://imageshack.us)

[Runner]

This is an example of the Delta Relative Strength as it rotates through time as sectors rise and fall off the top 20 list. Notice how many sectors keep hitting in the top 5-10 spot. This does not signal a trade but just where the money has been flowing with in the sectors on a relative basis from past swing highs or lows.

[Runner]

http://img78.imageshack.us/img78/9844/drugs9mn.png (http://imageshack.us)

[Runner]

41.92 trigger on FWLT

[Runner]

AMD triggers long again!

[Runner]

Top 5 BCRX ARD CMED TRAD ALY
Bottom 5 NUVO TOA CBK MCRI MRVL

Gainers 16
Losers 22

TOT=+0.68%
Top 5 CRM ARNA FWLT VRTX ATMI
Bottom BCRX JOYG TRAD RES WBMD
Gainers 20
Losers 19
TOT=-0.21%

[Runner]

Few stocks moving into stalk mode:
WDC TTI MDR SNDK AIR ALKS CEPH DHI KBH BZH MRVL

[Runner]

Few stocks moving into stalk mode:
WDC TTI MDR SNDK AIR ALKS CEPH DHI KBH BZH MRVL
WDC-gaps up no play
TTI-triggers long
MDR-triggers long
SNDK-opening gap reversal with trigger long
AIR- Triggers long
ALKS- triggers
CEPH-triggers and pulls back

[Runner]

41.92 trigger on FWLT
IPT on FWLT is 44.48 scale ½ .

[Runner]

Top 5 CRM ARNA FWLT VRTX ATMI
Bottom BCRX JOYG TRAD RES WBMD
Gainers 20
Losers 19
TOT=-0.21%
Top 5 ALY RES GDP CRM NUVO
Bottom BCRX GES TOA DHI HOV
Gainers 27
Losers 11
TOT=-1.69%

[Runner]

Next group


AIR AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
ALKS BANKING - Foreign Regional Banks
ALY COMPUTER SOFTWARE & SERVICES - Business Software & Services
ARD CONSUMER NON-DURABLES - Textile - Apparel Clothing
ARNA DRUGS - Biotechnology
ATMI DRUGS - Diagnostic Substances
BCRX DRUGS - Diagnostic Substances
BLUD DRUGS - Drug Delivery
BRCM DRUGS - Drug Manufacturers - Other
BZH DRUGS - Drug Manufacturers - Other
CBK DRUGS - Drug Manufacturers - Other
CEPH ELECTRONICS - Printed Circuit Boards
CIB ELECTRONICS - Scientific & Technical Instruments
CMED ELECTRONICS - Scientific & Technical Instruments
CRM ELECTRONICS - Semiconductor - Integrated Circuits
DHI ELECTRONICS - Semiconductor - Integrated Circuits
FWLT ELECTRONICS - Semiconductor - Integrated Circuits
GDP ELECTRONICS - Semiconductor Equipment & Materials
GES ENERGY - Independent Oil & Gas
HLEX ENERGY - Oil & Gas Drilling & Exploration
HOV ENERGY - Oil & Gas Equipment & Services
HURC ENERGY - Oil & Gas Equipment & Services
JOYG FINANCIAL SERVICES - Investment Brokerage - National
KBH HEALTH SERVICES - Medical Instruments & Supplies
MCRI INSURANCE - Insurance Brokers
MFLX INTERNET - Internet Software & Services
MRVL LEISURE - Resorts & Casinos
NUVO MANUFACTURING - Diversified Machinery
OVTI MANUFACTURING - Farm & Construction Machinery
RES MANUFACTURING - Industrial Electrical Equipment
RYL MATERIALS & CONSTRUCTION - Heavy Construction
SAH MATERIALS & CONSTRUCTION - Residential Construction
SIRF MATERIALS & CONSTRUCTION - Residential Construction
TESOF MATERIALS & CONSTRUCTION - Residential Construction
TOA MATERIALS & CONSTRUCTION - Residential Construction
TRAD MATERIALS & CONSTRUCTION - Residential Construction
VRTX MATERIALS & CONSTRUCTION - Residential Construction
WBMD SPECIALTY RETAIL - Apparel Stores
WIRE SPECIALTY RETAIL - Auto Dealerships

Pretty darn good, Thus far this week the group is up +2.58%

[Runner]

Here is sector power based off last swing high to current

Last chart:
http://img392.imageshack.us/img392/1809/sectorstrength2su.png (http://imageshack.us)

Current chart:
http://img392.imageshack.us/img392/3170/sectorstrentgh24mv.png (http://imageshack.us)

S&P500 from swing high to current is sitting @ -.71

Sector's UP 202
Sector's DOWN 37

[DSteckler]

<< ALKS BANKING - Foreign Regional Banks >>

ALKS is Alkermes, a biopharm company.

[Runner]

http://img514.imageshack.us/img514/3398/railroads0rp.png (http://imageshack.us)

[Runner]

I know I messed it up when transfering the data. Good eye DavE!

[DSteckler]

No problem, Runner. Glad to help. It caught my eye because I have a position in ALKS and (IIRC) I posted on it a day or two ago on my thread.

[Runner]

I took ALKS today myself!! I did not see it was listed as a banking stock. I must have had to many windows open on this thing again.

[Runner]

In review of my nightly scans it appears that today was the day of opportunity. So many stocks trigger long today. Now I have not come up with much. My database has over 6,000 stocks in it and I’m not even going to run through them all. I stopped after 300 charts and this is all I got WBMD AVN.R DWSN PRX BGC.

[Runner]

Closed out ALKS today. I pulled my stop @ the open (22.76). Stocks sells off hard. I looked at the opening range and make a quick plan to dump it at upper range. Got out at 23.82. This little technique saved me from getting a bigger loss. Now this stock can do what ever it is going to do. This technique like any only works when it works.

[Runner]

Here was the opening action. My hard stop would have been hit!
http://img513.imageshack.us/img513/6915/alks6yv.png (http://imageshack.us)

[DSteckler]

As a rule of thumb, in a fast market you want to wait at least 30 minutes into the open before buying or selling. This lets the emotional traders and newletter subscribers get their trades out of the way. The market makers also watch Cramer, etc., and know what's coming; they deliberately goose the offer or dump the bid to panic the sheeple and then move the stock back to where it "should" be.

Nice inverted hammer so far today on ALKS.

[Runner]

As a rule of thumb, in a fast market you want to wait at least 30 minutes into the open before buying or selling. This lets the emotional traders and newletter subscribers get their trades out of the way. The market makers also watch Cramer, etc., and know what's coming; they deliberately goose the offer or dump the bid to panic the sheeple and then move the stock back to where it "should" be.

Nice inverted hammer so far today on ALKS.
Dave, thanks for the heads up. I simply followed my adjusted plan. Hey we can’t win then all right?

[Runner]

Closed entire position on FWLT @ 44.08. My ITP was 44.87

[Runner]

TTI gone 38.05
BG gone 57.51

Back in Cash

[Runner]

What a difference a day can make!

Top 5 ARD GDP FWLT TESOF RES
Bottom 5 MFLX OVTI ALKS BRCM TRAD


Gainers 6
Losers 33

Weekly TOT= -.41%

Conducted initial scan not many longs setting up and so I have no list going into next week.

[billyjoe]

Runner,
Here are some stocks that are about to move:

SYNP DWCH FTHR HOKU TXCO ELP ICCA

Keep track of them for a while and good things will happen.

billyjoe

[Runner]

Runner,
Here are some stocks that are about to move:

SYNP DWCH FTHR HOKU TXCO ELP ICCA

Keep track of them for a while and good things will happen.

billyjoe
Hey Billyjoe those charts are looking pretty darn good. Awesome find their!!

[Runner]

This weekend I plan on looking at the longer-term charts of sectors off monthly bases

1. Data Storage- appears to have completed a cycle from back in 2002. This sector looks pretty good to me going into 2006. Notice pop above trend line
http://img22.imageshack.us/img22/6163/datastorage7ll.png (http://imageshack.us)

[Runner]

Diversified Electronics looks good. It also appears to have completed a corrective cycle and is gaining some ground.

http://img29.imageshack.us/img29/1070/electronics4rv.png (http://imageshack.us)

[DSteckler]

Runner, I tried sending you a private message but your mailbox is filled and it won't accept any more until you clear out some space.

[Runner]

This is the S&P500 Banking Index or BIX. Banking has not been participating in the last rally. It has been caught in a sideways range. Notice on this chart the double top action. I see the Bears are taking note of the 200 DMA. I will not get bullish here until the price gets out of the range to the upside.

Now this does not mean that Banks won’t participate in the next rally but for now I’d leave it alone. Set up bias I have is short since it moved below the base. The BIX is in a due or die position here IMO.
http://img63.imageshack.us/img63/1932/bix6om.png (http://imageshack.us)

[Runner]

Here is the BKX not looking well to me, but I'm not a bottom picker and for now I'm not seeing it as a long, 2 gaps against the trend?
http://img75.imageshack.us/img75/2107/phlx0dg.png (http://imageshack.us)

[Runner]

Here is my 1% model result for the current year.
http://img21.imageshack.us/my.php?image=port8ax.png
AMLN was a trade a messed up on by micro managing it. Other than that I would not change anything.

[skiracer]

Here is my 1% model result for the current year.
http://img21.imageshack.us/my.php?image=port8ax.png
AMLN was a trade a messed up on by micro managing it. Other than that I would not change anything.

Runner,
Nice results. They all add up to increasing net capital to trade with.

[billyjoe]

Runner,
I agree that increased trading leads to decreasing return. In the POTW it has backfired on me everytime the initial pick is sold and another substituted.Everyone has a different trading style , but mine will be mid and longer term holding from now on.

billyjoe

[Runner]

Ski, thanks this model is not about getting rich quick. Model has a risk tolerance of only $250 per position and shares purchase is based off ATR. 2% model allows for $500 risk per position. Very simple system as size of position is based off volatility.

I don’t look at the percentage bases for stops. I know if I do get stopped my risk is $250 that is the tolerance of the model, of coarse gaps can be nasty. I pulled my stop on ALKS Friday, as that stock would have kicked me out with a hard stop. I wanted out since my ATR tolerance was against me. I moved into loss recovery and was able to exit at a higher price. Sometimes holding hard stops overnight can cause one to get stopped out. It happens that ALKS did in fact open down where my stop was just to reverse slightly to the upside. When this happens I want out zero questions asked.

[RL]

Runner say It Isn't so looking for you to re-enter the POTW

[Runner]

RHAT looks like a short off the daily chart. Gap down against trend with failed retest. It could accelerate under 28.10 area.

[Runner]

Still not many set-ups here tonight. Few that caught my eye as possible shorts. I see nothing to get excited about in the markets right now and will likely stay in cash.

ANSS AGU MWY SYNA AMR

[Runner]

RHAT looks like a short off the daily chart. Gap down against trend with failed retest. It could accelerate under 28.10 area.

RHAT hits ITP

http://img513.imageshack.us/img513/4743/rhat2ik.png (http://imageshack.us)

[Runner]

CAL, VLTR might set up short

[Runner]

I think ALKS may set up short

[Runner]

FRD has jumped over 23% in last 5 days with volume

[Runner]

23.29 trigger line short on ALKS
GHDX setting up long. Nice B/O from base and currently pulling back.
ZVXI setting up long volume a little thin

[Runner]

http://img514.imageshack.us/img514/3398/railroads0rp.png (http://imageshack.us)
Well well look at the little railroad group. Wonder if any stocks in this group will present a buying op in the near future?

http://img95.imageshack.us/img95/9941/railroads0oc.png (http://imageshack.us)

[Runner]

Top 10 from last swing high :
http://img25.imageshack.us/img25/4876/momo2gi.png (http://imageshack.us)

[DSteckler]

<< Well well look at the little railroad group. Wonder if any stocks in this group will present a buying op in the near future? >>

Runner, I posted about BNI a day or two ago on my board. It's done really well since late June, however it formed a harami cross today so the short-term move may be lower. The 20-day EMA hasn't acted as much support in the past but the 50DMA has done so.

[Runner]

<< Well well look at the little railroad group. Wonder if any stocks in this group will present a buying op in the near future? >>

Runner, I posted about BNI a day or two ago on my board. It's done really well since late June, however it formed a harami cross today so the short-term move may be lower. The 20-day EMA hasn't acted as much support in the past but the 50DMA has done so.
Dave the group as a whole may be due for a pullback this may offer a buy point..

[Lyehopper]

Hey Runner.... How about a quick trade (or two) in the POTW dude?....

[Runner]

23.29 trigger line short on ALKS
GHDX setting up long. Nice B/O from base and currently pulling back.
ZVXI setting up long volume a little thin
Zero triggers with these big daddy’s !! ALKS going the wrong way, no biggie it never hit the trigger line. RHAT put in one of Spikes C’s

[Runner]

Many returns in the energy sectors:
ATW ENERGY - Oil & Gas Drilling & Exploration
BHI ENERGY - Oil & Gas Equipment & Services
BRY ENERGY - Independent Oil & Gas
CDIS ENERGY - Oil & Gas Equipment & Services
CHAP METALS & MINING - Industrial Metals & Minerals
CNQ ENERGY - Independent Oil & Gas
COG ENERGY - Independent Oil & Gas
DNR ENERGY - Independent Oil & Gas
DO ENERGY - Oil & Gas Drilling & Exploration
EPEX ENERGY - Independent Oil & Gas
EPL ENERGY - Independent Oil & Gas
ESV ENERGY - Oil & Gas Drilling & Exploration
GDP ENERGY - Independent Oil & Gas
GHDX HEALTH SERVICES - Medical Laboratories & Research
GRP ENERGY - Oil & Gas Equipment & Services
GSF ENERGY - Oil & Gas Drilling & Exploration
HAL ENERGY - Oil & Gas Equipment & Services
HERO ENERGY - Oil & Gas Drilling & Exploration
ILMN DRUGS - Biotechnology
KCS ENERGY - Oil & Gas Drilling & Exploration
KMG ENERGY - Independent Oil & Gas
MBT TELECOMMUNICATIONS - Wireless Communications
MDR ENERGY - Oil & Gas Equipment & Services
MVK ENERGY - Oil & Gas Equipment & Services
NBR ENERGY - Oil & Gas Drilling & Exploration
NOV WHOLESALE - Industrial Equipment Wholesale
NXY ENERGY - Independent Oil & Gas
OII ENERGY - Oil & Gas Drilling & Exploration
OIS ENERGY - Oil & Gas Equipment & Services
ORCT TELECOMMUNICATIONS - Communication Equipment
PDC ENERGY - Oil & Gas Drilling & Exploration
PTEN ENERGY - Oil & Gas Drilling & Exploration
RDC ENERGY - Oil & Gas Drilling & Exploration
RHAT INTERNET - Internet Software & Services
RIG ENERGY - Oil & Gas Drilling & Exploration
SII ENERGY - Oil & Gas Equipment & Services
SLB ENERGY - Oil & Gas Equipment & Services
SM ENERGY - Independent Oil & Gas
SPN ENERGY - Oil & Gas Equipment & Services
STX COMPUTER HARDWARE - Data Storage Devices
SWN ENERGY - Independent Oil & Gas
TDW TRANSPORTATION - Shipping
TESOF ENERGY - Oil & Gas Equipment & Services
TLM ENERGY - Independent Oil & Gas
UNT ENERGY - Oil & Gas Drilling & Exploration
VTS ENERGY - Oil & Gas Equipment & Services
WFT ENERGY - Oil & Gas Equipment & Services
WHQ ENERGY - Oil & Gas Equipment & Services

[Runner]

Hey Runner.... How about a quick trade (or two) in the POTW dude?....
Lye, I lost interest in the POT. Nothing personal but I just wish not to enter in the POT of the week. You have done a fine job running the POT..

[Lyehopper]

Lye, I lost interest in the POT. Nothing personal but I just wish not to enter in the POT of the week. You have done a fine job running the POT..
Lost interest?.... How is this possible? Maybe I could cook up a few more rules to make it a bit more interesting.lol....

How about I penalize any member who questions the rules 10%?....

Or.... how about I make it a team contest and force Doug, Skiracer, ParkTwain, Scifos and Websman to all be on the same team? Now THAT would be "interesting"....

Well Runner.... I'll keep you in "ca$h" till you feel like coming back some day.... Don't forget about us over there DUDE!!!!

[IIC]

Me and webs on the same team???...My ears are nice and rounded...At least that's what I Hear...IIC

[skiracer]

Lost interest?.... How is this possible? Maybe I could cook up a few more rules to make it a bit more interesting.lol....

How about I penalize any member who questions the rules 10%?....

Or.... how about I make it a team contest and force Doug, Skiracer, ParkTwain, Scifos and Websman to all be on the same team? Now THAT would be "interesting"....

Well Runner.... I'll keep you in "ca$h" till you feel like coming back some day.... Don't forget about us over there DUDE!!!!

Well except for Scifos I've been in worse company. Just kidding Sci. Hey, we could call it confrontational contest of the week. See who could stir up the most shit during the week. But whoevers team gets you, Lye, will have to spot everyone else at least 10 % for the week.

[Runner]

CHAP triggers, I did not take it as I missed this day
http://img235.imageshack.us/img235/6059/chap8ej.png (http://imageshack.us)

[Runner]

Follow up on Stalk List 12/19/05 From trigger point
ARS 22.75%
BDC 8.13
CDIS NO TRIGGER
CHRW
CHUX 14.13
CLB
DBRN 22.94
DXPE
EMAG
GMXR
GRP 8.94
HP 24.55
HUBG
INTU
JOYG 21.62
LUFK 29.57
MSO
MVK 19.23
NCOG
NTLI -5.02
OPLK
PDS .54
PLLL -5.00
RES 30.39
SBNY
SEIC
TZOO
UVV 12.17
XPRSA

[Runner]

http://img97.imageshack.us/img97/8115/slb3ws.png (http://imageshack.us)

Notice the low volatility before the run-up. They say a picture can be worth 1,000 words.

[Runner]

Last pic notice the indicators

http://img52.imageshack.us/img52/7351/lufk4ps.png (http://imageshack.us)

[Runner]

I think this works well and may be worth your time to investigate. I think this thread has about run it’s coarse. Not sure if it means anything. I’ve enjoyed myself posting my crazy ideas here at MM’s site. I hope you all the best with your trading!!

Runner Over-and-Out

[RL]

Whoa Runner say It Isn't so. I have been following you for a long time you have taught me to much to leave now. Sure hope you will change your mind. Would appreciate an e-mail on your picks now and then.

[Lyehopper]

I think this works well and may be worth your time to investigate. I think this thread has about run it’s coarse. Not sure if it means anything. I’ve enjoyed myself posting my crazy ideas here at MM’s site. I hope you all the best with your trading!!

Runner Over-and-Out
Hey Runner... email me.... lyehopper@yahoo.com

Maybe we can keep in touch? You might want to go hunting or fishing down here or something.... Plus I'm still recruiting for GoJi snipers. I think your resume' is on the top of the stack dude.lol

[Runner]

RL, thank you for your kind words and I’m glad someone may have benefited from my crazy ideas. I’ve been getting burned out on posting and so I’m going to move into stealth mode for a while. This site has truly been awesome and there are some very good traders here. We all try to define and refine our style to make things better. I think this journey moves with us through time.

I have learned a great deal from many on this site. One guy that sticks to mind is Spike. He is one of the only guys that tell you his risk to reward ratio on the trade. Spike you awesome dude.

[IIC]

Sorry to hear this Runner...You have certainly come a long way since we first ran into each other...Best, Doug

[spikefader]

CHAP triggers, I did not take it as I missed this day
http://img235.imageshack.us/img235/6059/chap8ej.png (http://imageshack.us)Good find Runner; CHAP needs to finish this little 5 up and do the abc and it'll be a C candidate. Love the weekly and daily money flow!

[spikefader]

:( sorry to read you're goin' stealth dude. I always enjoy reading your posts and looking at your selections.

But I know what it's like to lose interest in posting so I respect that....maybe just a vacation and the thread's here for when ya get the urge again.

Thanks for sharing what you're thinkin' dude. I for one appreciate it, and I know others do too. And thnx fer the kind words and encouragement bro. Take care out their; it's a jungle :D

[rrezac]

Runner, thanks for the time you have put into your thread. Yours is one I always read. I hope you hang around and still post an occasional chart as your time permits. Your charts and ideas on CIB were one of the reasons I took the plunge on my first Mr Market winner. Thanks for all you have contributed in making this a great stock trading site. Hope to still see you around.

[Runner]

Here is my weekly port. These stocks are on autopilot with stops adjusted each Friday. Using 100 shares per position with ATR 14 weeks. Solid black column called “sell stop @” is initial risk from entry price. Hec not bad for not looking at every tic. Stock selection was based off weekly charts only .
http://img460.imageshack.us/my.php?image=weeklyport8ue.png

[IIC]

That was a short break...Good to see you back...Doug

[Runner]

Thanks Doug, sometimes we get burned out….

Here is a weekly RSI change in the sectors.

Top RSI
http://img146.imageshack.us/img146/6315/toprsi6wi.png (http://imageshack.us)
Bottom RSI
http://img146.imageshack.us/img146/4001/bottomrsi4yt.png (http://imageshack.us)

[spikefader]

Here is my weekly port. These stocks are on autopilot with stops adjusted each Friday. Using 100 shares per position with ATR 14 weeks. Solid black column called “sell stop @” is initial risk from entry price. Hec not bad for not looking at every tic. Stock selection was based off weekly charts only .
http://img460.imageshack.us/my.php?image=weeklyport8ue.pngSome really nice lookin bullish charts in there Runner! Thnx fer sharin'; gonna track em for entries meself. Only one I'm concerned about fer ya is DST and ya might wanna spend that 8% stop risk somewhere else.....
Best to ya dude!!!

http://img525.imageshack.us/img525/3093/dst0qe.gif
(http://img525.imageshack.us/my.php?image=dst0qe.gif)

[Runner]

Spike thanks for DST update. I used random entry on every one of them based off weekly charts. DST does look a little frightening. Now the weekly shows a test of major support here. I’m using your LinReg channel set to 50 weeks. What ya think Spike?
http://img108.imageshack.us/img108/5053/dst8ct.png (http://imageshack.us)

[Runner]

My plan was to base decisions only off weekly charts. Hec spike now I’m looking at 15 minute tic charts…lo You got me on that DST chart and it does appear to have the BIG BEAR written all over it!

[spikefader]

Spike thanks for DST update. I used random entry on every one of them based off weekly charts. DST does look a little frightening. Now the weekly shows a test of major support here. I’m using your LinReg channel set to 50 weeks. What ya think Spike?
http://img108.imageshack.us/img108/5053/dst8ct.png (http://imageshack.us)Channel-wise, I'd be worried about these things. Without question bias for me.

http://img388.imageshack.us/img388/6668/dstchannels1ag.gif (http://imageshack.us)

[Runner]

Spike I don't like the hugeness of that channel you have on that chart. If 55.06 do not hold this thing is toast!!

[spikefader]

Spike I don't like the hugeness of that channel you have on that chart. If 55.06 do not hold this thing is toast!!Yep....

Some poetic vision hehe ....

http://img388.imageshack.us/img388/5152/dstanother9qw.gif (http://imageshack.us)

And if 50.54 fails, that's volume gap up failing, and it would become .....

http://img481.imageshack.us/img481/3650/burnttoast1nh.gif (http://imageshack.us)

(burnt toast back to 36.00)

[Runner]

http://img397.imageshack.us/img397/4274/rescon3vd.png (http://imageshack.us)
Residential Construction seems to have put in a S/H/S pattern and is now pulling back. I think the group has more downside to it.
Here are a few to watch for continued weakness:
LEN.B BHS WCI DHI HOV

[Runner]

http://img458.imageshack.us/img458/2165/indoil7ub.png (http://imageshack.us)
Independent Oil &Gas- been weak as of late and is currently pulling back. Here are a few that may be positioned for more downside:
NFX NBL PXD PPP SM RRC GDP

Many in this group appear to be wedging up.

[Runner]

Waste Management is currently accelerating to the upside. This group put in a multi Year high, few stocks in the group looking good:
ECOL
AW-minor P/B
CWST

Most have gone off but may be worth stalking..

[Runner]

http://img52.imageshack.us/img52/2879/telecom7nd.png (http://imageshack.us)
Keep an eye on Telecom Services-Domestic group. It is currently trying to move to the upside. This is a monthly chart of the group. Something must be trying to happen hear. I’ll be stalking some within.. I’m wondering if this group might be positioned for upside movement this year?

[skiracer]

http://img52.imageshack.us/img52/2879/telecom7nd.png (http://imageshack.us)
Keep an eye on Telecom Services-Domestic group. It is currently trying to move to the upside. This is a monthly chart of the group. Something must be trying to happen hear. I’ll be stalking some within.. I’m wondering if this group might be positioned for upside movement this year?

Runner,
I agree with your take on Telecom being a group that is showing strength right now. John Murphy from Stockcharts.com also feels that it is one of the leading groups. He had this to say about it last Friday. I think you also like Biotech right now which he also likes. He's pretty much on top of the groups and sectors that are the leaders with his daily reports. I rely on his take when looking for group and sector strength and stocks within those areas that are setting up.
http://img377.imageshack.us/img377/5072/telecom9et.png (http://imageshack.us)

[Lyehopper]

Waste Management is currently accelerating to the upside. This group put in a multi Year high, few stocks in the group looking good:
ECOL
AW-minor P/B
CWST

Most have gone off but may be worth stalking..
In my database ECOL is classified as "Pollution Control Services".... I have owned ECOL for a long time (bought it the first time last spring around $11). It has a lot of upside left imo. ECOL's Growth Rate is 400% higher than CWST and over 2,500% higher than AW or $MM$'s pick BEL.... I have noticed ECOL's short interest increase lately but sometimes that can be of benifit. I like how ECOL's sales and management really know how to lock down the big $$$$ contracts. You never know when they'll anounce another HUUUUGE deal.

[Runner]

http://img484.imageshack.us/img484/3517/frd7zy.png (http://imageshack.us)
FRD could get interesting if it can take out 8.00 and stick.

[Runner]

Next Bull task for ATEA is to take out 22.60

[Runner]

MICC goes on Pullback watch list.

[Runner]

AMR was a nice D/T today. I thought a change in character was coming because the 200DMA got below price on the 3min chart. I switched to 15 min chart and used SAR for entry signal @ 24.80. AMR rode the 5DMA nicely through out the day and never touched the 15DMA. Closed position before the bell at 25.61. I figured with oil in a slide the airplanes might rally and they did. I normally don’t buy in at the open. I’ve used the SAR for D/T’s In the past and for the most part they do well on entries except when they don’t.
http://img150.imageshack.us/img150/2628/amr7pr.png (http://imageshack.us)

Here the 3 min with 200dma
http://img238.imageshack.us/img238/6972/amr14mg.png (http://imageshack.us)

Past link on SAR http://www.mrmarketishuge.com/showpost.php?p=20858&postcount=699

[Runner]

Many in the energy group got a nice whacking today. Problem was many gapped down on the open! . Ya know soon as you take it short they reverse. I left them alone but for the most part many continued to slide. I'm still short term Bear on Oil.

[Runner]

Not getting many longs. Here are a few for Thurs.

http://img50.imageshack.us/img50/3702/watch3uk.png (http://imageshack.us)

[ParkTwain]

Re: you telecom sector chart, look at BLS and T. Looks like someone blew a whistle in Jan and off they went in lockstep.
http://finance.yahoo.com/q/bc?t=3m&s=BLS&l=on&z=m&q=b&c=t

[DSteckler]

Not getting many longs. Here are a few for Thurs.

http://img50.imageshack.us/img50/3702/watch3uk.png (http://imageshack.us)

Runner, what screening software are you using?

[Runner]

Dave, I use telecharts for my scanning.

[DSteckler]

Thanks, Runner.

[Runner]

Long CNH 22.78 Stop 22.64 for /T will trail and close near EOD

[Runner]

2nd entry off 60 min chart would be 23.05 on CNH

[Runner]

CERS getting a little support thus far off 200dma (3min)

[Runner]

Might see a test of the 15dma on CNH. STO broke under the 80 band.

[Runner]

ECLP going nuts (no entry)

[Runner]

LUB got some volume today but not moving. Swing from a few days ago.

[Runner]

Adj stop on CNH 22.77

[Runner]

CNH STO hook up off 78 band. Need a push over 23.00

X (steel) trying but gapped so no play here.

[Runner]

Cers showing 3-3 shift to the upside will it stick? STO 3min just above the 20 band, 200dma at 12.49

[Runner]

CNH adj stop 22.82

[Runner]

CNH @ 2nd entry off 60min stop 22.88. STO peak 100 band riding 5dma and possible accel. of trend

[Runner]

ATHR trying 20.35 trigger 60 min stop 19.56
Stop CNH 22.91

[Runner]

http://img484.imageshack.us/img484/3517/frd7zy.png (http://imageshack.us)
FRD could get interesting if it can take out 8.00 and stick.
FRD @ 7.90

[Runner]

Missed URBN @ 28.18

[Runner]

CNH next bull task is to clear 23.40

[Runner]

ATHR trying 20.35 trigger 60 min stop 19.56
Stop CNH 22.91
ATHR next Bull tak clear 20.76

[Runner]

CNH in new high ground....

[spikefader]

Congrats on CNH dude. Pretty to watch. :D

[Runner]

ATHR Ma's getting tight. Expect a pop. Thus far 15dma (20.50)looking pretty good and runnng the 5dma. STO 76 and needs to pop 80 band.

[Runner]

Closed ATHR 20.58.. oh well.

[Runner]

stop on CNH @ 23.97

[Runner]

Possible set up forming in CNH again this play would be 24.10 trigger with stop 23.80. I see STO hooked from 25 band but Ma’s have converged. I’m out @ 23.95. I’m done and thank you CNH for the ride..

[Runner]

Friday's list

http://img367.imageshack.us/img367/1387/watch6au.png (http://imageshack.us)

[Runner]

http://img46.imageshack.us/img46/2006/chn6nk.png (http://imageshack.us)
http://img55.imageshack.us/img55/1455/intra7dg.png (http://imageshack.us)

[Runner]

A ELECTRONICS - Scientific & Technical Instruments
ACXM COMPUTER SOFTWARE & SERVICES - Information Technology Services
ANPI DRUGS - Drug Manufacturers - Other
CLDN TRANSPORTATION - Air Delivery & Freight Service
GBX TRANSPORTATION - Railroads
GNSS ELECTRONICS - Semiconductor - Integrated Circuits
GOL TRANSPORTATION - Regional Airlines
ITU BANKING - Money Center Banks
MRK DRUGS - Drug Manufacturers - Major
MTLG COMPUTER HARDWARE - Computer Peripherals
NUVO DRUGS - Diagnostic Substances
OATS RETAIL - Grocery Stores
PARL CONSUMER NON-DURABLES - Personal Products
SAH SPECIALTY RETAIL - Auto Dealerships
T TELECOMMUNICATIONS - Telecom Services - Domestic
TNB ELECTRONICS - Diversified Electronics
TRN TRANSPORTATION - Railroads
TTH FINANCIAL SERVICES - Closed End Fund - Equity
VICR ELECTRONICS - Diversified Electronics
VZ TELECOMMUNICATIONS - Telecom Services - Domestic
WDC COMPUTER HARDWARE - Data Storage Devices
WLSC DIVERSIFIED SERVICES - Rental & Leasing Services

[Runner]

ZOLT gave nice entry signal on Friday. 3min 200dma crossed price and I always view this as a change in character. Set up on the 15 min chart @ 10:00 at 16.02. Notice the momentum run along the 5dma and supported nicely by the 15dma.
http://img128.imageshack.us/img128/9849/zolt8ng.png (http://imageshack.us)
http://img128.imageshack.us/img128/1890/zolt15xx.png (http://imageshack.us)

[Runner]

Ok folks hear is the last one. You’ll get a kick out of this one Here is the concept. The orange lines are the longer term EMA’s the blue lines the shorter EMA’s. All you do is turn off your candlesticks and bar charts and focus on the EMA’s. Sounds crazy I know. But wait it gets better.
The longer term EMA’s tells you the power of the trend. You want nice spacing of the EMA’s. Heck then all you do is look to go long on the dips back to the longer term EMA’s. All you are doing is trading in the direction of the trend. Now if the longer term EMA’s begin to converge you need to get out with your profit as the price is now showing weakness or uncertainty. My example chart is TRLG with entry signals on the following days.
01/03/06
01/11/06
02/13/06

What this sounds crazy...well does it, then it is crazy.. imagine that not even looking at your candles...lo

http://img160.imageshack.us/img160/7316/tlrg5bu.png (http://imageshack.us)

[Runner]

Here my swing trading results. I got stopped out of NEWP and forgot to enter data on LUB. Not many trades as the market conditions have not been my cup on tea. Now I need to do this for my day trades.
http://img504.imageshack.us/img504/7086/port0dw.png (http://imageshack.us)

[Runner]

Hear is GGB. Notice the orange EMA’s this is a real nice trend. Last buy signal happened on 2/13/06. This entry would have you sitting about 16%.
http://img128.imageshack.us/img128/7143/ggb4iy.png (http://imageshack.us)

[New-born baby]

Runner:
Look at the action below. Please tell me what you think the chart is saying--in English, please :D. I'd like to know your thoughts. Not gonna tell you the ticker; just want you to look at the chart and give me your considered opinion about what is in store for this mystery stock. And anyone else can chip in, too. Dave, $pike, Jim, et al.
http://img114.imageshack.us/img114/7937/chart13ps.gif

[Runner]

NB, looks like this stock put in the abc from the top and found support. Looks like the stock can trade a little wide and loose. If you entered off that booming candle you’re in good shape. Next bull task just over 57.50 and Bear task to drop it under support. I have reason to believe this stock will test old highs as the 3 comes in for a push. Now if it drops under the support it could drop back to test the C. ME personally would not play with it if Current support fails.

Is thing a longer-term hold/swing or day trade?
http://img523.imageshack.us/img523/3413/nb7fs.png (http://imageshack.us)

[spikefader]

New-Born,

ooooooooooooh, can I play please?? hehe I love these mystery things.

Here's my uninvited observations:

The stock has been trending sideways to up, higher highs and higher lows. The 50.00 and 55.00 areas has been traded in higher volume, and the stock price for this stock tends to fall faster than it rises. There are lots of gaps which suggests a commodity issue to me, perhaps overnight news or international exchange influence affecting opening price. 55.00 was recent resistance that price recently broke over, but on lighter volume, suggesting uncertainty. There is also a broadening pattern, perhaps even diamond-like, which are topping patterns.

The 57.50 area is price resistance and I'd rather be a seller than a buyer here.

What does the chart say to you NB?

http://img138.imageshack.us/img138/4622/nbmystery1rt.gif (http://imageshack.us)

[diogenes]

Here my swing trading results. I got stopped out of NEWP and forgot to enter data on LUB. Not many trades as the market conditions have not been my cup on tea. Now I need to do this for my day trades.
http://img504.imageshack.us/img504/7086/port0dw.png (http://imageshack.us)

Interesting graph, as it looks like a basic s.d.e. with upward trend and all.

[spikefader]

Here my swing trading results.Nice results Runner. Congratulations dude!

[New-born baby]

$pike, Runner,
Thank you for posting your thoughts. $pike, you are always invited! In fact, anybody and everybody is invited to post in response to anything I put on the board. I want to hear what others have learned.

The stock--you guess it $pike--is VLO, a commodity based equity. The price resistance is currently pretty strong at $56.50, and it has moved up on lower volume. I think there are those who expect oil to continue to decline, and that broadening wedge is screaming "bear." Lately the chart has been quite loose--usually a sign of falling prices, I think. The Elliott aspect of the chart is outside my expertise, so I really appreciate Runner's comments. PnF says she's working towards being a $32 stock. The indecision in the price swings are due to the oil price fluctuations we have seen of late. I think that oil is at a critical juncture right now, and I look for oil to make a run higher. I personally am looking at $80+ oil sometime in 2006.

Currently the chart says to me that VLO is going to move lower. Chart is too loose and gappy and volume too low to expect otherwise. Still, one bomb in Saudi Arabia could change everything. I own VLO.

[Runner]

The Guppy Multiple Moving Averages
http://www.startraderreport.com/Articles/GuppyMMA/GMMAArticle1.html

[Runner]

AIRM TRANSPORTATION - Air Services, Other
DHI MATERIALS & CONSTRUCTION - Residential Construction
ECOL MATERIALS & CONSTRUCTION - Waste Management
EZPW SPECIALTY RETAIL - Specialty Retail, Other
IHS COMPUTER SOFTWARE & SERVICES - Business Software & Services
IKAN TELECOMMUNICATIONS - Communication Equipment
OMX WHOLESALE - Wholesale, Other
PARL CONSUMER NON-DURABLES - Personal Products
POZN DRUGS - Drug Manufacturers - Other
RBAK COMPUTER SOFTWARE & SERVICES - Business Software & Services
RTEC ELECTRONICS - Scientific & Technical Instruments
THRX DRUGS - Biotechnology
TKC TELECOMMUNICATIONS - Wireless Communications
TOL MATERIALS & CONSTRUCTION - Residential Construction
VTAL COMPUTER SOFTWARE & SERVICES - Business Software & Services
WCC WHOLESALE - Electronics Wholesale
XRTX COMPUTER HARDWARE - Data Storage Devices

[Runner]

Oh I should mention I’m still looking at day trades over the last few weeks. Some on the lists have set up very well and even would have worked well for a swing..

[Runner]

PARL- 60 min chart STO 9.92 flat, trigger 36.17, 15dma 35.88
15 min chart STO 41.49 UP trigger 35.70 stop 35.14
15DMA 35.40
3min chart STO 47.18 UP, 200DMA 35.75

Watch 60min STO for hook above 20-band key off 15min chart for entry and stop

[Runner]

AIRM- 60min chart STO 26.43UP, trigger 23.75, 15dma 23.67 (key watch 23.85-24.15)
15min chart STO 53.80 UP, trigger 23.70, 15DMA 23.55 Stop 23.31
3 min chart STO 7.11 DOWN, 200dma 23.75
Insure longer term time frame STO continues to head up look off 3 min STO pop over 20 band for entry. If it works out one could scale out off initial risk of +.44 and trail rest

[Runner]

Thurs List:
http://img331.imageshack.us/img331/2137/watch7md.png (http://imageshack.us)

[scifos]

DRI is on my watchlist too. What do you like about it?

[Runner]

Scifos, I like the fact that DRI has pulled back a little. I don’t like the sector action however and I feel others look better. I guess I just added it because of the nice clean p/b.

Here a few that I’ll be looking at closer tonight
DAKT COL ADCT KNDL CELL

[Runner]

TMI pops out of the compression zone with a little move out today. I did not buy this stock or any, but just playing with the compression zone..
http://img396.imageshack.us/img396/9721/tmi9im.png (http://imageshack.us)

[Lyehopper]

DRI is on my watchlist too. What do you like about it?
They've got a new chain called "Smokey Bones" Just opened a new store in town here.... Pretty good too. http://www.smokeybones.com/menu/default.asp

[Runner]

Semi chips showing some compression
RMBS ATML MIPS

[Runner]

Semi-integrated chips
BRCM APTI AGR VLTR OCPI

[scifos]

Scifos, I like the fact that DRI has pulled back a little. I don’t like the sector action however and I feel others look better. I guess I just added it because of the nice clean p/b.

Here a few that I’ll be looking at closer tonight
DAKT COL ADCT KNDL CELL

It just showed up on mine because the recent pullback.

[Runner]

TMI pops out of the compression zone with a little move out today. I did not buy this stock or any, but just playing with the compression zone..
http://img396.imageshack.us/img396/9721/tmi9im.png (http://imageshack.us)
TMI follow through
OCPI huge move
BKHM huge move

[Runner]

Watch- list 03/08/06
I purged my watch list and have these few that I’ll be stalking..

ADLR
DRUGS - Drug Manufacturers - Other
BONT
RETAIL - Department Stores
BOT
DIVERSIFIED SERVICES - Business/Management Services
CLDN
TRANSPORTATION - Air Delivery & Freight Service
GGB
METALS & MINING - Steel & Iron
IIIN
METALS & MINING - Steel & Iron
ITRI
ELECTRONICS - Scientific & Technical Instruments
IVAC
ELECTRONICS - Diversified Electronics
MDRX
INTERNET - Internet Software & Services
MEK
DIVERSIFIED SERVICES - Business/Management Services
MNST
MEDIA - Advertising Services
MTW
MANUFACTURING - Farm & Construction Machinery
PEIX
DIVERSIFIED SERVICES - Business/Management Services
PLT
TELECOMMUNICATIONS - Processing Systems & Products
SCSS
CONSUMER DURABLES - Home Furnishings & Fixtures
SIL
METALS & MINING - Silver
TRID
ELECTRONICS - Semiconductor - Specialized
TRMB
ELECTRONICS - Scientific & Technical Instruments
WFR
ELECTRONICS - Semiconductor - Integrated Circuits
WIRE
MANUFACTURING - Industrial Electrical Equipment

[Runner]

I’ve been working on my blog for a while and should you care to look at my crazy charts and watch lists I’ll post here http://geoshorttermtrading.blogspot.com/

[New-born baby]

I’ve been working on my blog for a while and should you care to look at my crazy charts and watch lists I’ll post here http://geoshorttermtrading.blogspot.com/

Thank you Runner for the nice work! I'll be following your work regularly.

[Runner]

I’ve got a bullish tone on SMH as it seems to be sitting near what I’d call triple support. It has also pulled back to its lower channel line and I’d expect a move up from here. If this general area is violated then I’d leave it alone. Remember support and resistance lines are approximate and not exact. I think SMH might offer a low risk entry here with a target back to prior highs. We shall see!!
http://img159.imageshack.us/img159/5785/smhdaily6co.png (http://imageshack.us)
http://img114.imageshack.us/img114/6254/smhweekly9jy.png (http://imageshack.us)

I'm still bull on SMH!!

[Runner]

Possible Long

PSSI- this stock has been consolidating and basically moving sideways. I like the gap up back in Jan. PSSI has now currently moved up out of the consolidation zone and is in a first pull back. One could take it long at 19.04 with stop 17.99. Scale ½ position at 20.09 and trail rest. 1% model in effect if trade is taken..
http://img455.imageshack.us/img455/3746/pssi5vr.png (http://imageshack.us)

[scifos]

Hey runner, are you still working with guppy multiple moving averages? what do you think of them? Seems like an elegant way to play off of the two trends, long and short term.

[Runner]

Hey runner, are you still working with guppy multiple moving averages? what do you think of them? Seems like an elegant way to play off of the two trends, long and short term.


Scifos, I do look at them from time to time but I don’t base my decisions on them. I still prefer price action and trend lines to the guppies. From what I’ve seem the guppies do a pretty good job of showing the trend and or changes of trend. I guess your right it does seem to be an elephants approach..haha

[Runner]

I Bull on EWJ down to 13.00..
http://img106.imageshack.us/img106/2928/ewj3fd.png (http://imageshack.us)

[Runner]

PSSI is nearing trigger zone!!

[Runner]

BONT- 32.99 area is worth keeping an eye on. Stock near double support

[Runner]

PSSI triggers long 19.04

[Runner]

BONT nearing trigger zone..

[Runner]

SMH is doing well today!!

[Runner]

ATHR doing well it is day 4 from trigger. I missed this one off channel touch!!

[Runner]

BONT- 32.99 area is worth keeping an eye on. Stock near double support

BONT is nearing trigger zone!!

[Runner]

BONT triggers 33.00 Stop on it 30.01 and target 35.99 scale and trail!

[TFred]

Greetings Runner,

Your past post concerning NENG,as of today it loks like this.

http://img456.imageshack.us/img456/9421/neng4qu.gif (http://imageshack.us)

I remember a close above 3.25 was bullish,how do you feel about it now?Is it possible retracing for another run,it looks like a gap needed filling.

cordially Tom

[Runner]

FRD @ 7.90
Wonder if frd will run??

[Runner]

Greetings Runner,

Your past post concerning NENG,as of today it loks like this.

http://img456.imageshack.us/img456/9421/neng4qu.gif (http://imageshack.us)

I remember a close above 3.25 was bullish,how do you feel about it now?Is it possible retracing for another run,it looks like a gap needed filling.

cordially Tom

Tom, I'm bull on it to 2.70. It has been holding for now and I see no entry yet..

[Runner]

I’ve got a bullish tone on SMH as it seems to be sitting near what I’d call triple support. It has also pulled back to its lower channel line and I’d expect a move up from here. If this general area is violated then I’d leave it alone. Remember support and resistance lines are approximate and not exact. I think SMH might offer a low risk entry here with a target back to prior highs. We shall see!!
http://img159.imageshack.us/img159/5785/smhdaily6co.png (http://imageshack.us)
http://img114.imageshack.us/img114/6254/smhweekly9jy.png (http://imageshack.us)
Still bull on smh

[DSteckler]

Nothing bullish about it trading below its 200DMA. The trend channel has been lower almost the entire year.

[Runner]

I could care less where the 200, 50, 20 or 100-day moving averages are Dave. Price is the primary indicator and volume is secondary. Well at least according to Mr Dow…

[DSteckler]

And price is below the 200DMA. Many institutional investors steer clear of a sector or goup when it's trading below a major moving average.

[Runner]

PEIX looks good to me. Also PBW as a basket for alternative energies. Oh I should also mention FRD been running since last post on it!!

Nice pop out today in both peix and pbw. I do own pbw and wish I'd caught peix..

[Runner]

I like PXJ (oil services ETF) above 19.80. Energy looking pretty good today

[Runner]

I think ZOLT looks pretty good again above today’s highs.

[Runner]

ZOLT does trigger!!

[DSteckler]

ZOLT making a J-hook pattern.

[Runner]

ZOLT making a J-hook pattern.
I take it that the J-hook is bullish?

CALM- thus far having a nice pullback I'm thinking 12's are possible if it breaks the down trend line off monthly chart.

[Runner]

A few monthly charts worth a look:

SPLS LLTC INTU VRSN PAYX ORCL CSCO KLAC

[IIC]

I take it that the J-hook is bullish?

CALM- thus far having a nice pullback I'm thinking 12's are possible if it breaks the down trend line off monthly chart.

Let's see what Dave has to say...But I like the pattern...although I would prefer a little lower vol. on the p/b...Notice the 3 down days...the vol increased each day...I would like to see the vol. decrease ea. day on the p/b...Doug(IIC)

[DSteckler]

I take it that the J-hook is bullish?

CALM- thus far having a nice pullback I'm thinking 12's are possible if it breaks the down trend line off monthly chart.

A J-hook pattern is potentially bullish. It's a 1-2-3 pullback.

[Runner]

Dave, nice to hear the J-hook is bullish. I’m not familiar with the pattern.

[Runner]

ERS- currently had a nice acceleration of the trend. A few days ago it had a nice knock out move. I’m BULL here as long as 27.25 hold. One could look to go long off 29.89 and scale out @ 31.79 and trail rest.

[TFred]

Greetings Runner,

Been away for a bit trading YMs with Spike,have noticed NENG still holding strong,are you still bullish above 2.70?

cordially Tom

[Runner]

If today’s low gets taken I’ll have a bearish bias on NENG. I also do not like the drifting action it put in over the last several days. On a positive note I do however like the fact that price did recover off the lows today. I still think this one has potential and would really like to see it pop 3.25.
http://img88.imageshack.us/img88/5470/neng6nt.png (http://imageshack.us)

[Runner]

ERS- currently had a nice acceleration of the trend. A few days ago it had a nice knock out move. I’m BULL here as long as 27.25 hold. One could look to go long off 29.89 and scale out @ 31.79 and trail rest.
ERS triggers did not trade today as I missed the entire session!

[Runner]

Still bull on SMH

[Runner]

GOL looks interesting here. Might be trying to complete a double bottom on the daily chart and completion of this pattern will be around 30.24. If it can reclaim 30.24 with some vigor I think we could see a quick return to old highs around 35.00. Now the problem I see is oil is looking bullish and may drag the airplanes down. In fact having looked over several energy sectors It is looking like energy wants to run!!


sidenote: Further review of GOL I would have a bearish tone if it breaks last swing low. If it does this I see a possible s/h/s pattern. Interesting chart that GOL is in right now..

[Runner]

Watch list:
ALJ ENERGY - Oil & Gas Refining & Marketing
AMZN INTERNET - Internet Software & Services
BAS ENERGY - Oil & Gas Equipment & Services
BYI LEISURE - Gaming Activities
CENX METALS & MINING - Aluminum
CHK ENERGY - Independent Oil & Gas
CRK ENERGY - Independent Oil & Gas
CRZO ENERGY - Independent Oil & Gas
DPTR ENERGY - Independent Oil & Gas
DVN ENERGY - Independent Oil & Gas
GMRK ENERGY - Oil & Gas Equipment & Services
KCS ENERGY - Oil & Gas Drilling & Exploration
KWK ENERGY - Independent Oil & Gas
RRC ENERGY - Independent Oil & Gas
SGY ENERGY - Independent Oil & Gas
TESOF ENERGY - Oil & Gas Equipment & Services
UPL ENERGY - Independent Oil & Gas
XTO ENERGY - Independent Oil & Gas

[Runner]

Several OIL stocks have similar charts. Here is CHK for example. I’m Bull here above red line…
http://img390.imageshack.us/img390/1079/chk4ue.png (http://imageshack.us)

[TFred]

Greetings Runner,

Your thoughts on NENG?It appears to be ready for a breakout or breakdown,I like its upside,and am looking to buy below 3$ for a nice entry.


cordially Tom

[Runner]

QQQQ has been confirming action from a double bottom. I think see tests Jan highs. Watch that it does not stall short of highs. Now a while ago I thought the Q’s was putting in a S/H/S and this now seems to have only been a consolidation zone. Measured move off double bottom has it around 43.76. We shall see how this unfolds…

[Runner]

If today’s low gets taken I’ll have a bearish bias on NENG. I also do not like the drifting action it put in over the last several days. On a positive note I do however like the fact that price did recover off the lows today. I still think this one has potential and would really like to see it pop 3.25.
http://img88.imageshack.us/img88/5470/neng6nt.png (http://imageshack.us)

TFred, nothing has changed much from last post. At this stage I'll let this one prove it wants to move to the upside!!

[Runner]

I think EWW might set up as a short. It has a pretty strong line of resistance right here at the top. Now should EWW move up through resistance my bias would be bull. If the last swing low is taken I have Bear target off a measured move to about 32.64.
http://img58.imageshack.us/img58/3513/eww5ro.png (http://imageshack.us)

One thing good about EWW set-up if the short bias is wrong you’ll know about it pretty quick. Penetration of the R-line would be a signal one could use to close short position. Or you could use fewer shares and allow more wiggle room.

[Runner]

It would be nice to see a return move back to support line here on RRC. This stock has confirmed a possible double bottom. Target upper trendline.

http://img96.imageshack.us/img96/2717/rrc6ou.png (http://imageshack.us)

[Runner]

ERS- currently had a nice acceleration of the trend. A few days ago it had a nice knock out move. I’m BULL here as long as 27.25 hold. One could look to go long off 29.89 and scale out @ 31.79 and trail rest.
I think ers might offer 2nd entry over last close..

[Runner]

If CHK can clear the R line I target 36.00
http://img468.imageshack.us/img468/772/chk8zj.png (http://imageshack.us)
If DPTR can clear R line prior highs target
http://img230.imageshack.us/img230/1884/dptr1ie.png (http://imageshack.us)
If XTO can firm up and pop R line target prior highs
http://img434.imageshack.us/img434/7262/xto1yz.png (http://imageshack.us)

[Runner]

GOL looks interesting here. Might be trying to complete a double bottom on the daily chart and completion of this pattern will be around 30.24. If it can reclaim 30.24 with some vigor I think we could see a quick return to old highs around 35.00. Now the problem I see is oil is looking bullish and may drag the airplanes down. In fact having looked over several energy sectors It is looking like energy wants to run!!


sidenote: Further review of GOL I would have a bearish tone if it breaks last swing low. If it does this I see a possible s/h/s pattern. Interesting chart that GOL is in right now..
GOL pops R-line with conviction

[Runner]

I think mind has put in temp bottom and is currently on its second higher low. Break out players might jump in off highs a few days back. Or pull back players might await next pull back.
http://img20.imageshack.us/img20/9255/mind2el.png (http://imageshack.us)

[Runner]

I think PARL is in trouble here if neckline is taken with power!! Note target
http://img527.imageshack.us/img527/3946/parl7lz.png (http://imageshack.us)

[Runner]

It would be nice to see a return move back to support line here on RRC. This stock has confirmed a possible double bottom. Target upper trendline.

http://img96.imageshack.us/img96/2717/rrc6ou.png (http://imageshack.us)
RRC price objective hit
GOL about to hit.....

[Runner]

GOL looks interesting here. Might be trying to complete a double bottom on the daily chart and completion of this pattern will be around 30.24. If it can reclaim 30.24 with some vigor I think we could see a quick return to old highs around 35.00. Now the problem I see is oil is looking bullish and may drag the airplanes down. In fact having looked over several energy sectors It is looking like energy wants to run!!


sidenote: Further review of GOL I would have a bearish tone if it breaks last swing low. If it does this I see a possible s/h/s pattern. Interesting chart that GOL is in right now..

Price tgt hit on GOL...........

[Runner]

I’ve got a bullish tone on SMH as it seems to be sitting near what I’d call triple support. It has also pulled back to its lower channel line and I’d expect a move up from here. If this general area is violated then I’d leave it alone. Remember support and resistance lines are approximate and not exact. I think SMH might offer a low risk entry here with a target back to prior highs. We shall see!!
http://img159.imageshack.us/img159/5785/smhdaily6co.png (http://imageshack.us)
http://img114.imageshack.us/img114/6254/smhweekly9jy.png (http://imageshack.us)

I'm still bull on SMH!!

Hahahaa.... well still bull here as target will trigger...

[Runner]

Folks due your own research and don’t let anybody talk you out of a trade you feel might rock. These forum can be a double bladed knife. Oh yea, go with what you believe is right until your proven wrong by the market. Many times forums will trip ya up….lo

[Runner]

I find it amazing how many times one’s view of a stock is bearish simply because a moving average is violated. Find your own method and run with it. We all see a different picture of stocks anyway. I think you’d be amazed at the number of times people listen to someone and regret it. Go with what you feel is right until your proven wrong but not by the forum posters but the market. Now have enough sense to exit if you’re wrong and move on. I say be cautious of one liner posters….

[Runner]

Different is sometimes good and my charts may not follow a logic for many and that is fine as I wish not to impose my wild ideas on anyone. But if so why should I post a picture of a chart in the first place? Good question and I guess my answer is because that’s all I know. I need a visual representation.

Best with your trading and go with what you believe!!!!

[Runner]

http://img484.imageshack.us/img484/3517/frd7zy.png (http://imageshack.us)
FRD could get interesting if it can take out 8.00 and stick.

I thought MM had this stock once

[billyjoe]

Runner,
Check the date on your chart. I've been tracking FRD also and have it at 10.75.

billyjoe


Sorry , Runner, I see it was posted earlier.

[Runner]

Watch List 04/24/06
ARD
ENERGY - Oil & Gas Drilling & Exploration
BHP
METALS & MINING - Industrial Metals & Minerals
CENX
METALS & MINING - Aluminum
CRDN
MANUFACTURING - Industrial Equipment & Components
EXP
MATERIALS & CONSTRUCTION - Cement
GRP
ENERGY - Oil & Gas Equipment & Services
KEA
COMPUTER SOFTWARE & SERVICES - Information Technology Services
LUFK
ENERGY - Oil & Gas Equipment & Services
MLI
MANUFACTURING - Metal Fabrication
NETL
ELECTRONICS - Semiconductor - Memory Chips
OVTI
ELECTRONICS - Semiconductor - Integrated Circuits
PDC
ENERGY - Oil & Gas Drilling & Exploration
PTEN
ENERGY - Oil & Gas Drilling & Exploration
PVA
ENERGY - Independent Oil & Gas
RIV
LEISURE - Resorts & Casinos
ROCK
METALS & MINING - Steel & Iron
SWN
ENERGY - Independent Oil & Gas
THX
ENERGY - Independent Oil & Gas
UDRL
ENERGY - Oil & Gas Drilling & Exploration

[Websman]

Oil closed at around $75 today. Energy stocks should rock next week.

[Lyehopper]

Oil closed at around $75 today. Energy stocks should rock next week.
Your FUEL rebounded strongly today Webs.... Looks good to me for next week dude.... btw, I own it too.

[Websman]

Your FUEL rebounded strongly today Webs.... Looks good to me for next week dude.... btw, I own it too.

Oil goes up...we make $$$...Jeeeeeeejeeeeeejeeeeeee....ahhhhh...JEEEEEEE !!!

[Runner]

ETF Delta scans in relation to the S&P500

First leg 12/30/05 to 4/28/06 S&P up 4.99%162 ETF’s out performed the S&P during this time. Here is the top 20 during this time frame

http://img157.imageshack.us/img157/5657/etfdelta16zd.png (http://imageshack.us)

Next leg is taken from 04/17/06-04/28/06. During this time the S&P was up 1.97%.

http://img157.imageshack.us/img157/5831/etfdelta26gx.png (http://imageshack.us)

Notice the Banks trying to pop. I’ve also been noticing the overseas funds are outperforming the stateside funds. I’ll be looking closely at these… Due to my limited time I have I'll be focusing on ETF's..

[Runner]

RKH has 19 stocks that make up the ETF the stocks are:
NTRS BAC BBT WB STT JPM PNC PJC WFC MEL NCC MI STI ASO KEY USB SNV FITB CMA

Those making all time highs are:
BAC PJC WFC

[Runner]

Overseas funds continue to blow the doors off US. EWW (Mexico) loking pretty good today. My limit triggered on PXJ and still holding IYM and EWJ. Zero swings open here. PXJ is a energy ETF composed of 30 stocks. Closed out PBW last week and will look to reenter long again. Keeping an eye on EWS @ monthly R-line. This one could get interesting above 9.50

[Runner]

Poor timing on my PXJ position. Putting stop under LOD. Turning short term bear on oil..

[TFred]

Greetings Runner,

Have you looked at these?

IIF,GCH,IFN,SGF,CLM,

All closed index funds,CLM has a monthly div at almost 15%.

IIF and IFN both India funds paying 7%+dividend,on top NAV increasing.

GCH,China play,I think the dragon market may be starting to move,been flat for years,also pays almost 5%

My sleeper is SGF,singapore fund,low volume,and yield,yet I think this market is ready to boom.

You already know I like EWM,and your pick EWS.

I'm with you as far as giving up on individual picks,instead buying the markets that money is flowing to.

cordially Tom

[skiracer]

Greetings Runner,

Have you looked at these?

IIF,GCH,IFN,SGF,CLM,

All closed index funds,CLM has a monthly div at almost 15%.

IIF and IFN both India funds paying 7%+dividend,on top NAV increasing.

GCH,China play,I think the dragon market may be starting to move,been flat for years,also pays almost 5%

My sleeper is SGF,singapore fund,low volume,and yield,yet I think this market is ready to boom.

You already know I like EWM,and your pick EWS.

I'm with you as far as giving up on individual picks,instead buying the markets that money is flowing to.

cordially Tom

Runner,

You guys really should check out Deron Wagner at www.morpheustradinggroup.com. If not to take the free 1 month trial for his ETF newsletter but to visit the site to read the archives on his ETF sector plays. I've been making money with him on these regularly for the past 2 1/2 years. Worth a look.

[Runner]

Greetings Runner,

Have you looked at these?

IIF,GCH,IFN,SGF,CLM,

All closed index funds,CLM has a monthly div at almost 15%.

IIF and IFN both India funds paying 7%+dividend,on top NAV increasing.

GCH,China play,I think the dragon market may be starting to move,been flat for years,also pays almost 5%

My sleeper is SGF,singapore fund,low volume,and yield,yet I think this market is ready to boom.

You already know I like EWM,and your pick EWS.

I'm with you as far as giving up on individual picks,instead buying the markets that money is flowing to.

cordially Tom

Tom, I have not given up on swings but just have not had much time to look into much that has been going on. I like ETF’s because you’re buying a basket of stocks. I don’t know why there is not much interest in this type of investment. Sure you don’t get the 20% moves is a day but if you catch it right you can rack up some profits. My little ETF funds (IYM IWJ) is up over 17% since 3/21/06. I’m going to do a ETF scan this weekend and look for a possible few more positions. I have noticed last week many looked extended but we shall see how things now look.

I’ll check out those charts you’ve mentioned latter this weekend and best with your trading.

[Runner]

Runner,

You guys really should check out Deron Wagner at www.morpheustradinggroup.com. If not to take the free 1 month trial for his ETF newsletter but to visit the site to read the archives on his ETF sector plays. I've been making money with him on these regularly for the past 2 1/2 years. Worth a look.

Ski, I think you told me about that website last year. I’ll take another peek at it and see what is going on. It must be a pretty good site as you have highly recommended it before. Ski thanks for the site and I’m going to check it out tonight. I’ve recently became interested in ETF’s..

[Runner]

SKI, at first glance I like what I’m seeing. Only thing is my time in positions on ETF’s exceeds the 1-4 day time period he is mentioning. Well except for PXJ that stopped me out by a penny and then popped up. I still use my ATR system on them and follow price with a stop. I don’t even look at intraday charts on this guys but just monthly/weekly/daily.

Wagner talks about major market moves and IMO that takes longer then the 1-4days to accomplish. Not sure it would benefit my approach to ETF’s.

[Runner]

Tom, here is my take on the following:
IIF IFN GCH SGF CLM

My analysis is based off monthly and weekly charts.

IIF- monthly supports a real nice up trend that has been taking place since mid 2004. Weekly shows the stock testing upper range of a 5-week base. Break out players may enter on clearing of this base. I see no entry at this time and I don’t play breakouts. If I owned it I’d have stop under base. I see possible upper target (based off base) around 62.53. If IIF drops out of the base downside target around 43.85. Depending where you entered at I’d see a caution sign if current base is violated. A huge red flag would be a crack under 43.85..

IFN- monthly supports nice up trend running from May 05. Weekly shows a breakout of an 11-week base. I see no entry at this time and see weekly price objective or target was met. I’m bull on it and would remain bull until top of base is violated.

GCH- monthly chart has a symmetrical look to it, although it may not be textbook. Currently breaking out on the monthly and in new high ground.
Weekly shows some booming action and it coincides with the upper trend line from the monthly. Nice breakout… Not sure on upper target..

SGF- currently showing some acceleration off the monthly, and making new highs. Weekly is also booming and I see no entry yet. If your in it great job….

CLM- monthly appears to be in a downtrend and is currently consolidating. Weekly is running flat and appears interest is lacking based off weekly bars. I would consider a bust over 7.83 as bull move.

[Runner]

Following groups have outperformed the S&P500 from last swing low
http://img416.imageshack.us/img416/3288/sectorstrentgh125eh.png (http://imageshack.us)

[Runner]

Well, time to purge my list. I’ll dump every stock and start over again and begin running scans on a nightly bases. By doing this I’ll let my scans show me the areas of focus. Running sector scans has returned metals or commodity stocks for a while. Problem is where are the other sectors and why have they not participated in the rally? Is this a late stage run in the cycle? Strange how well commodities have been doing don’t ya think?

[Runner]

ZUMZ- triggers short on breach of Thursdays low
CAL- gap down from highs
NUS- gap down with bear flag rejection @ gap, trigger short under Thursdays low

[Runner]

Pretty nice set up here the only thing I don’t like is the huge wide range bar.

http://img100.imageshack.us/img100/6240/nus2sa.png (http://imageshack.us)

[Runner]

Watch list of a few that are in P/B mode and may trigger short

CTRN CFK SUPX SOHU DECK SKX SYNA BYI GLBL LQDT KFRC

[Runner]

Watch list of a few that are in P/B mode and may trigger short

CTRN CFK SUPX SOHU DECK SKX SYNA BYI GLBL LQDT KFRC

Few triggers out of these few..

[Runner]

http://img55.imageshack.us/img55/3188/deck7av.png (http://imageshack.us)

deck looking good

[Runner]

http://img92.imageshack.us/img92/3721/byi8oy.png (http://imageshack.us)
byi trying off trigger line

[Runner]

http://img390.imageshack.us/img390/5534/skx2km.png (http://imageshack.us)

[Runner]

Possible S/H/S in SWIR. If neck crack I expect a return into the gap.. with possible target in the 14's

http://img206.imageshack.us/img206/9159/swir1ia.png (http://imageshack.us)

[Runner]

Advacing/declining volume

Nasdaq

Up=4,106,599
Dn= 4,151,008

NYSE

Up=3,714,922
Dn=2,606,491

[Runner]

SYNA trying to trigger Line @ 24.50

[Runner]

Gotta run folks have a great week..

[Runner]

Well the Rally Friday had these shorts looking rough. Caution is needed shorting at this time and if one does short now they might wish to lock it in and take it off the table quickly. Oversold and due for the much expected bounce but what direction is the trend in? Still searching shorts and I will not play the bounce..

I’m going to keep an eye on CTRN if it nears the 78.6 fib line. It might give another leg out but we shall see.

http://img59.imageshack.us/img59/9523/ctrn3gl.png (http://imageshack.us)

[Runner]

Delta Strength 05/21/06

I leg taken from S&P from 05/05/06 to 05/19/06 the S&P was –4.43%

http://img318.imageshack.us/img318/7986/sectorstrentgh206li.png (http://imageshack.us)
http://img318.imageshack.us/img318/2766/sectorstrengh20b5gn.png (http://imageshack.us)

[Runner]

Adding LDG to short list..45.15 will trigger

[Runner]

Adding ECOL to short list no play yet..

[Runner]

Well the Rally Friday had these shorts looking rough. Caution is needed shorting at this time and if one does short now they might wish to lock it in and take it off the table quickly. Oversold and due for the much expected bounce but what direction is the trend in? Still searching shorts and I will not play the bounce..

I’m going to keep an eye on CTRN if it nears the 78.6 fib line. It might give another leg out but we shall see.

http://img59.imageshack.us/img59/9523/ctrn3gl.png (http://imageshack.us)

Triggers short did not play it..

[Runner]

Here is initial punch out list of possible shorts. I have not looked into them much other than a glance of the charts.

http://img361.imageshack.us/img361/7612/shorts0hd.png (http://imageshack.us)

[Runner]

Adding LDG to short list..45.15 will trigger

LDG trying to trigger

[Runner]

LDG triggered Entry 45.13. Stop 47.31 tgt 42.95 scale and trail if it works out

Position size based off atr and 1% model in play

[Runner]

Here is initial punch out list of possible shorts. I have not looked into them much other than a glance of the charts.

http://img361.imageshack.us/img361/7612/shorts0hd.png (http://imageshack.us)
KOMG triggers
MATK triggers
CELL triggers
STX triggers

[Runner]

new list
http://img489.imageshack.us/img489/4994/shorts27lk.png (http://imageshack.us)

[dmk112]

runner, are you still shorting at these levels??

[Runner]

runner, are you still shorting at these levels??
DMK, I did take on a small position in LDG today. The list I just posted is a watch list. I will run my scans everyday now for a while to see what might be setting up. I did feel LDG did offer a pretty good set up and we shall see. To answer your question directly I don’t favor opening shorts unless your set up is in place. I favor shorts over longs and have been in this mode for a while. My plan is in place on LDG and one way or another I will be right or wrong. Yesterday on my blog I was talking how cash was king. Well sometimes when you see your stock enter the kill zone your faced with that decision of do it, or not.. I think CELL is a goog short as well!!

[Runner]

new list
http://img489.imageshack.us/img489/4994/shorts27lk.png (http://imageshack.us)
Today’s triggers
PWEI
RACK
SHFL
SUPX
CMVT
AMTD
RBAK
IVAC
AEM
AVM
NGS
GFI
GOLD
HITK
LOJN
CRZO
RGLD
SSRI
ISE

[Runner]

Adding ECOL to short list no play yet..

Out of the base on ECOL awaiting P/B

[Runner]

http://img111.imageshack.us/img111/4273/shorts37bt.png (http://imageshack.us)

[Runner]

If PEIX triggers I will short this one. Chart is looking real good for shorts

[B.J]

Runner, what did you see in IVAC that would trigger a short? It seems to me like it's successfully supporting 21.

[Runner]

Runner, what did you see in IVAC that would trigger a short? It seems to me like it's successfully supporting 21.
BJ, I see a stock that is in a downtrend and has currently pulled back with trigger under yesterdays low of day. I feel this one is in trouble

[spikefader]

IVAC shows a bear flag breaking into a 3 impulsive down. This support area you see B.J is actually C support from mid-March, so if it breaks then the impulse down is likely to be very rewarding.

How rewarding? Well, probably not very considering it's in a weekly C down and arguably in bounce area...plus you've got the gap supports nearby. The r/r probably isn't there...unless you go for the small gap down under 12.60 or +43%, so a short at closing price with a 6% stop above yesterday's high (the 2 completion area) makes for r/r of over 7, which is a nice number. But how realistic is it to target that in the face of the support between here and there? That is green hope indeed :)

[Runner]

Spike I was thinking 1st TGT of around 18.74 and longer term 8-10 $ range.

[B.J]

I also see a possible SHS. I'm definitely watching.

Thanks for the input guys. I've owned since January, so certainly interested.

[Runner]

Zero triggers today on the short side NCTY had nice follow through.

[Runner]

Here is a nice drop in KSS http://geoshorttermtrading.blogspot.com/2006/05/sector-review-51906.html

[New-born baby]

Runner,
Would you care to do an Elliott wave count on PEIX for me?

[Runner]

NB, sorry I don’t get a clear read on PEIX. I’m keeping my eye on 32.75 area. This stock is very volatile with a H/V reading of 107.96. Right now I like it on the short side but that could change any day. Not sure it is done with its pullback and if it triggers it might give another leg down. Seems to be drifting up and this flags a caution longs. I will go out on a limb and say longer term 17.00 area is possible. But this is a stretch.....

[DSteckler]

Runner,
Would you care to do an Elliott wave count on PEIX for me?

It's an easy count. The move from 1/31 to 5/11 is Wave 1. The recent move is Wave 2. Note that wave 2 retraced 61.8% of Wave 1, which is the common retracement for Wave 2. Assuming the length of Wave 3 = Wave 1, PEIX should be in for a helluva move. Until the high of Wave 1 is taken out, however, there's no confirmation that Wave 3 has begun.

[Runner]

NB, sorry I don’t get a clear read on PEIX. I’m keeping my eye on 32.75 area. This stock is very volatile with a H/V reading of 107.96. Right now I like it on the short side but that could change any day. Not sure it is done with its pullback and if it triggers it might give another leg down. Seems to be drifting up and this flags a caution longs. I will go out on a limb and say longer term 17.00 area is possible. But this is a stretch.....

Missed PEIX and will not chase it here...

[Runner]

Ran entire database and have 1822 returns out of 7,000 stocks. 77 that I think are setting up for a slide. I’ll post the sub industries and if anyone is interested I’ll post the socks. The scan is based of momentum and in pull back mode. The groups with the most returns are where I’ll investigate and see what is going on. Confirmation is when several in the group are setting up.



BANKING - Regional - Northeast Banks
BANKING - Savings & Loans
CHEMICALS - Specialty Chemicals
COMPUTER HARDWARE - Networking & Communication Dev
CONGLOMERATES - Conglomerates
CONGLOMERATES - Conglomerates
DIVERSIFIED SERVICES - Business/Management Services
DIVERSIFIED SERVICES - Business/Management Services
DIVERSIFIED SERVICES - Rental & Leasing Services
DIVERSIFIED SERVICES - Staffing & Outsourcing Services
DRUGS - Diagnostic Substances
ELECTRONICS - Diversified Electronics
ELECTRONICS - Semiconductor - Integrated Circuits
ELECTRONICS - Semiconductor Equipment & Materials
ENERGY - Independent Oil & Gas
ENERGY - Independent Oil & Gas
ENERGY - Independent Oil & Gas
ENERGY - Independent Oil & Gas
ENERGY - Independent Oil & Gas
ENERGY - Oil & Gas Drilling & Exploration
ENERGY - Oil & Gas Drilling & Exploration
ENERGY - Oil & Gas Drilling & Exploration
ENERGY - Oil & Gas Drilling & Exploration
ENERGY - Oil & Gas Drilling & Exploration
ENERGY - Oil & Gas Drilling & Exploration
ENERGY - Oil & Gas Equipment & Services
ENERGY - Oil & Gas Equipment & Services
ENERGY - Oil & Gas Equipment & Services
ENERGY - Oil & Gas Equipment & Services
ENERGY - Oil & Gas Refining & Marketing
ENERGY - Oil & Gas Refining & Marketing
FINANCIAL SERVICES - Asset Management
FINANCIAL SERVICES - Closed End Fund - Equity
HEALTH SERVICES - Medical Appliances & Equipment
LEISURE - Restaurants
LEISURE - Sporting Activities
MANUFACTURING - Diversified Machinery
MANUFACTURING - Farm & Construction Machinery
MANUFACTURING - Farm & Construction Machinery
MANUFACTURING - Industrial Equipment & Components
MANUFACTURING - Metal Fabrication
METALS & MINING - Aluminum
METALS & MINING - Copper
METALS & MINING - Gold
METALS & MINING - Gold
METALS & MINING - Gold
METALS & MINING - Industrial Metals & Minerals
METALS & MINING - Industrial Metals & Minerals
METALS & MINING - Industrial Metals & Minerals
METALS & MINING - Industrial Metals & Minerals
METALS & MINING - Silver
METALS & MINING - Steel & Iron
METALS & MINING - Steel & Iron
METALS & MINING - Steel & Iron
METALS & MINING - Steel & Iron
METALS & MINING - Steel & Iron
METALS & MINING - Steel & Iron
METALS & MINING - Steel & Iron
METALS & MINING - Steel & Iron
METALS & MINING - Steel & Iron
METALS & MINING - Steel & Iron
RETAIL - Department Stores
SPECIALTY RETAIL - Apparel Stores
TELECOMMUNICATIONS - Diversified Communication Services
TELECOMMUNICATIONS - Wireless Communications
TELECOMMUNICATIONS - Wireless Communications
TRANSPORTATION - Major Airlines
TRANSPORTATION - Major Airlines
TRANSPORTATION - Railroads
TRANSPORTATION - Railroads
TRANSPORTATION - Regional Airlines
TRANSPORTATION - Trucking
WHOLESALE - Electronics Wholesale
WHOLESALE - Industrial Equipment Wholesale
WHOLESALE - Wholesale, Other
WHOLESALE - Wholesale, Other

[New-born baby]

Runner
Thanks for the PEIX notes, and yes, I am quite interested in the results of your scans. Please post them.

[New-born baby]

It's an easy count. The move from 1/31 to 5/11 is Wave 1. The recent move is Wave 2. Note that wave 2 retraced 61.8% of Wave 1, which is the common retracement for Wave 2. Assuming the length of Wave 3 = Wave 1, PEIX should be in for a helluva move. Until the high of Wave 1 is taken out, however, there's no confirmation that Wave 3 has begun.

Thanks, Dave. I always like to hear your viewpoint. IF wave 3 is coming, yes indeed, that $64.50 is in sight.

[Runner]

NB I put in last 5 days volume as well. Now these need Further investigation and many very well may not be ready yet, as they are still pulling back. I’m going into the groups this weekend and see how things look.
AA
ABAX
AEOS
AMT
AMX
ANDE
ARII
ARW
ASEI
ASTE
ATI
BAS
BRY
BVN
CAL
CAS
CCJ
CHAP
CMC
CR
DO
DRQ
ECA
ERF
FCL
FCS
GLG
GMRK
GMT
GOL
GSF
HERO
HSC
ICE
IVAC
KCS
LTM
MAN
MBT
MDTL
MRTN
MTLM
NDE
NEM
NEU
NOV
NSC
NSS
NUE
NWRE
OS
PBW
PD
PEIX
PJC
RIO
ROP
RTI
RUTH
RVI
SSRI
STLD
STT
SU
SWN
SWSI
TAM
TEX
TSO
TX
UNT
VLO
WPSC
X
XTO

I took the volume out because the post was a mile long...hehe

[Runner]

wrong post ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]

[Runner]

Here are a few I’ll be looking at next week and why (short term)

IVAC- stock is currently in first pullback (P/B) after dropping out of base. Stock did trigger on 5/24 and come back in. I think stock may offer 2nd entry below Fridays low. If pop above 5/23 highs I’d continue to stalk to see how it acts at the bottom of the prior base. Were looking for about 2.70 points on the trade.

MBT- has recently been running sideways since april. It tried to pop out of its base but was quickly rejected. Stock gaps lower on 5/15 and few days later falls out of the base. This stock is currently in a first P/B with possible trigger under Fridays lows. We are looking for 2.41 points.

FCS- this stock has a nice trend that has formed off the highs in may. It is currently in P/B mode and we are looking for 1.30 points off Friday’s lows.

NSS- has a nice trend starting to forum and for now this trend is down off the May highs. It also is in a first P/B mode. We are looking for 4.17 points under Friday’s low.

CMC- had a gap against prior trend. I view this as a change in character and is currently in first P/B mode. We are looking for 2.89 points under Friday lows

GLG- is a gold stock and currently had a gap down off new highs. Gold stocks will often gap around and it is currently testing this gap. A break down from Friday’s lows may signal more downside. We are looking for 4.43 points.

Other stocks we will be looking at is PEIX HERO UNT TX OS DRQ SWN SU

Now these set-ups will change if no trigger. I may follow then higher and or cancel if bullish action forms and I think trend is changing. Most of these are first pullbacks and this does not guarantee the stocks will continue to slide. Many have some tough resistance to work through and so we shall see how things transpire. I also do not rule out the possibility of some returning to prior highs. We will just need to see which direction the wind is blowing…..
I should also mention we will scale out ½ position on target and trail with stop based off close in attempt to capture larger gains. Should any of these trigger…….

[Runner]

Few triggers off above list.

[DSteckler]

Few triggers off above list.

Which ones?

[Runner]

Here are a few I’ll be looking at next week and why (short term)

IVAC- stock is currently in first pullback (P/B) after dropping out of base. Stock did trigger on 5/24 and come back in. I think stock may offer 2nd entry below Fridays low. If pop above 5/23 highs I’d continue to stalk to see how it acts at the bottom of the prior base. Were looking for about 2.70 points on the trade.

MBT- has recently been running sideways since april. It tried to pop out of its base but was quickly rejected. Stock gaps lower on 5/15 and few days later falls out of the base. This stock is currently in a first P/B with possible trigger under Fridays lows. We are looking for 2.41 points.

FCS- this stock has a nice trend that has formed off the highs in may. It is currently in P/B mode and we are looking for 1.30 points off Friday’s lows.

NSS- has a nice trend starting to forum and for now this trend is down off the May highs. It also is in a first P/B mode. We are looking for 4.17 points under Friday’s low.

CMC- had a gap against prior trend. I view this as a change in character and is currently in first P/B mode. We are looking for 2.89 points under Friday lows

GLG- is a gold stock and currently had a gap down off new highs. Gold stocks will often gap around and it is currently testing this gap. A break down from Friday’s lows may signal more downside. We are looking for 4.43 points.

Other stocks we will be looking at is PEIX HERO UNT TX OS DRQ SWN SU

Now these set-ups will change if no trigger. I may follow then higher and or cancel if bullish action forms and I think trend is changing. Most of these are first pullbacks and this does not guarantee the stocks will continue to slide. Many have some tough resistance to work through and so we shall see how things transpire. I also do not rule out the possibility of some returning to prior highs. We will just need to see which direction the wind is blowing…..
I should also mention we will scale out ½ position on target and trail with stop based off close in attempt to capture larger gains. Should any of these trigger…….

Few here Dave...

[Runner]

NB I put in last 5 days volume as well. Now these need Further investigation and many very well may not be ready yet, as they are still pulling back. I’m going into the groups this weekend and see how things look.
AA
ABAX
AEOS
AMT
AMX
ANDE
ARII
ARW
ASEI
ASTE
ATI
BAS
BRY
BVN
CAL
CAS
CCJ
CHAP
CMC
CR
DO
DRQ
ECA
ERF
FCL
FCS
GLG
GMRK
GMT
GOL
GSF
HERO
HSC
ICE
IVAC
KCS
LTM
MAN
MBT
MDTL
MRTN
MTLM
NDE
NEM
NEU
NOV
NSC
NSS
NUE
NWRE
OS
PBW
PD
PEIX
PJC
RIO
ROP
RTI
RUTH
RVI
SSRI
STLD
STT
SU
SWN
SWSI
TAM
TEX
TSO
TX
UNT
VLO
WPSC
X
XTO

I took the volume out because the post was a mile long...hehe

This list currently has 62 losers and 13 winning thus far.

[Runner]

ECOL- looking for about 1.90 to scale and trail. Stop in at 27.58. Trigger line was 24.95..

[DSteckler]

Few here Dave...

I know they were from that list but I was curious as to which ones. Shorts or longs? Most are down due to the market action today.

[Runner]

ECOL- looking for about 1.90 to scale and trail. Stop in at 27.58. Trigger line was 24.95..
Well I guess I’ll find out if covering into the close was the right move or not. I changed up my plan as I was staring at the intraday chart. Oh well It can bounce from here or drop. I just don’t have a warm fuzzy on what is happening today and in the back of my mind I’m thinking market bounce… Well I’ll need to run my scans and see what all happened today…hehehehe

Not the first time looking over intraday charts has sent me covering....

[Runner]

I know they were from that list but I was curious as to which ones. Shorts or longs? Most are down due to the market action today.

Sorry Dave I thought it was obvious from looking at a few tickers what direction I was favoring….

[Runner]

Looking over my master list from last week looks like today was the trigger load day for shorts.

List shows 71 losers
And only 5 gainers.

I still see some drifters out here and not many new set-ups. Not that I had any intent on shorting this entire list but it simply served as a market bias.

[Runner]

LDG triggered Entry 45.13. Stop 47.31 tgt 42.95 scale and trail if it works out

Position size based off atr and 1% model in play

Stopped of of LDG short today...

[Runner]

Ran delta from last high in S&P to current, during this time the S&P was down 2.79%. The following groups have out performed the S&P.
http://img487.imageshack.us/img487/9278/sector63066wt.png (http://imageshack.us)

[Runner]

Wonder if Health related stocks might run for a little while. Here is a link about cycles. Looks interesting to me. http://www.mrmarketishuge.com/showpost.php?p=52419&postcount=13

[Runner]

Wonder if Health related stocks might run for a little while. Here is a link about cycles. Looks interesting to me. http://www.mrmarketishuge.com/showpost.php?p=52419&postcount=13
Now I’m not saying we might be heading into a Bear Market. It is strange how this cycle thing has been moving. Notice the Utilities trying to perk up. Not sure what to make of this. I guess longer term one may tread with caution until we either take out old highs in the S&P or stall short and crash. Having reviewed health related stocks some look pretty good short term. What are your thoughts of the cycle in relation to the sectors?

[Runner]

NB I put in last 5 days volume as well. Now these need Further investigation and many very well may not be ready yet, as they are still pulling back. I’m going into the groups this weekend and see how things look.
AA
ABAX
AEOS
AMT
AMX
ANDE
ARII
ARW
ASEI
ASTE
ATI
BAS
BRY
BVN
CAL
CAS
CCJ
CHAP
CMC
CR
DO
DRQ
ECA
ERF
FCL
FCS
GLG
GMRK
GMT
GOL
GSF
HERO
HSC
ICE
IVAC
KCS
LTM
MAN
MBT
MDTL
MRTN
MTLM
NDE
NEM
NEU
NOV
NSC
NSS
NUE
NWRE
OS
PBW
PD
PEIX
PJC
RIO
ROP
RTI
RUTH
RVI
SSRI
STLD
STT
SU
SWN
SWSI
TAM
TEX
TSO
TX
UNT
VLO
WPSC
X
XTO

I took the volume out because the post was a mile long...hehe

Early on this list but many are getting a nice spanking today.

[Runner]

Runner, what did you see in IVAC that would trigger a short? It seems to me like it's successfully supporting 21.

Nice call B.J.

[Runner]

PEIX keeps on it will hit my target.

[Runner]

Possible scalp play long forming on DXPE above 47.08

[Runner]

I think some scalping plays will continue to present themselves. Right now I’m focusing on Scalp longs. Here are a few.

MED MOV ROS BKD KNOT TWGP HWAY TRMP TOO

[Runner]

I’m putting out a caution on Shorts. If you just went short over the last few days’ caution is needed as I think we bounce from here. Now I do also think the bounce will be sold and this may present further opportunities. Having run scan I see more stocks poised to bounce then drop. I’m keying in off S&P and I’m even thinking today was a reversal day.

[Runner]

Here are a few I’ll be looking at next week and why (short term)

IVAC- stock is currently in first pullback (P/B) after dropping out of base. Stock did trigger on 5/24 and come back in. I think stock may offer 2nd entry below Fridays low. If pop above 5/23 highs I’d continue to stalk to see how it acts at the bottom of the prior base. Were looking for about 2.70 points on the trade.

MBT- has recently been running sideways since april. It tried to pop out of its base but was quickly rejected. Stock gaps lower on 5/15 and few days later falls out of the base. This stock is currently in a first P/B with possible trigger under Fridays lows. We are looking for 2.41 points.

FCS- this stock has a nice trend that has formed off the highs in may. It is currently in P/B mode and we are looking for 1.30 points off Friday’s lows.

NSS- has a nice trend starting to forum and for now this trend is down off the May highs. It also is in a first P/B mode. We are looking for 4.17 points under Friday’s low.

CMC- had a gap against prior trend. I view this as a change in character and is currently in first P/B mode. We are looking for 2.89 points under Friday lows

GLG- is a gold stock and currently had a gap down off new highs. Gold stocks will often gap around and it is currently testing this gap. A break down from Friday’s lows may signal more downside. We are looking for 4.43 points.

Other stocks we will be looking at is PEIX HERO UNT TX OS DRQ SWN SU

Now these set-ups will change if no trigger. I may follow then higher and or cancel if bullish action forms and I think trend is changing. Most of these are first pullbacks and this does not guarantee the stocks will continue to slide. Many have some tough resistance to work through and so we shall see how things transpire. I also do not rule out the possibility of some returning to prior highs. We will just need to see which direction the wind is blowing…..
I should also mention we will scale out ½ position on target and trail with stop based off close in attempt to capture larger gains. Should any of these trigger…….
Price objectives met.

[Runner]

I’m putting out a caution on Shorts. If you just went short over the last few days’ caution is needed as I think we bounce from here. Now I do also think the bounce will be sold and this may present further opportunities. Having run scan I see more stocks poised to bounce then drop. I’m keying in off S&P and I’m even thinking today was a reversal day.
My predictive skills are lacking today… It is funny how the markets have a way of proving us idiots…. Speaking of myself of course…

[Runner]

Here is a list for possible short term trades. Scanning S&P500 stocks with BB5,18. Bands tight normally have a nice pop. I’ve found those in up trends normally pop in direction of trend, same for down trending stocks. I’ll also overlay the 5-15 day simple moving average.



HUM KO AFL BUD AMZN EC RF MS KIM ASN MHP WPI CI ADCT LEH LNC LTR ASH JNS WLP SYK AXP BLS SEE TXU BAC CTB ALL

Back out your charts and look at how tight TRB’s bands were.

[Runner]

Got home late and only played HUM.Covered HUM near the close. CI and LEH would have been a nice play today..

[Runner]

Here is a list for possible short term trades. Scanning S&P500 stocks with BB5,18. Bands tight normally have a nice pop.

WPI CMS PBG AMZN DHI AFL RF EQ NOVL K CLX STA CVG WMT BUD ASN KO BAC GILD DGX QLGC UTX OMX

[Runner]

Wednesday’s scalp plays

BLS T WMT KSS PDCO NKE HDI BUD EQ ADSK DGX GILD ASN ERTS MAT WWY CC CTX LOW BMET BRCM GM TAP GOOG DDS VZ CEG MXIM CD HUM DELL CLX EOP D VNO UNH ADI

[Runner]

OMX -tracking real tight bands before the pop and drop...lol
http://img133.imageshack.us/img133/1278/omx4ld.png (http://imageshack.us)

[Runner]

Here is one for 6/14/06 BRCM
http://img161.imageshack.us/img161/6117/brcm3kv.png (http://imageshack.us)

[Runner]

My game plan in this current market has been to stay away from the small caps and focus on scalping larger sized stocks. Those little guys can burn you in a heartbeat. Sure you don’t get those huge moves but I feel the risk is not bad for the reward. I will most likely make one more trade this week and cool out until next week. Thus far all scalps have worked to my benefit. I close them out normally by EOD no questions asked..

[Websman]

My game plan in this current market has been to stay away from the small caps and focus on scalping larger sized stocks. Those little guys can burn you in a heartbeat. Sure you don’t get those huge moves but I feel the risk is not bad for the reward. I will most likely make one more trade this week and cool out until next week. Thus far all scalps have worked to my benefit. I close them out normally by EOD no questions asked..

Very sensible trading plan...

[Runner]

Interesting take from the Hussman report http://www.hussmanfunds.com/wmc/wmc060612.htm

[Runner]

The weekly trend in the S&P is now busted. Short term a bounce is in store but I will be looking to sell the bounce as of now. I think next possible short-term target for the S&P is Oct’s lows. I recommend cash and or short positions short term. I’d wait for a bounce before taking on new positions.

http://img157.imageshack.us/img157/673/sp613065ad.png (http://imageshack.us)

[Runner]

caught HDI and closed position out...done for the week. Ya'll have a nice weekend..

[Runner]

Having conducted evening scans I see many stocks setting up as shorts. Most appear to also be getting ready for the third leg out.

[Runner]

S&P is sitting at what I think is a pretty important area right now. A move above the upper R-line might bode well for the BULLS. Now a move below the bottom S-line will bode well for the BEARS. Next week should give us a better picture on direction. Choppy sideways action for now.
http://img235.imageshack.us/img235/6898/sp623067ww.png (http://imageshack.us)

[spikefader]

S&P is sitting at what I think is a pretty important area right now. A move above the upper R-line might bode well for the BULLS. Now a move below the bottom S-line will bode well for the BEARS. Next week should give us a better picture on direction. Choppy sideways action for now.
Hey Runner,
I suspect bears are lickin' their lips. Chart (http://tinyurl.com/fqztp).

Hey, by the way, what is that thing I've circled represent?
http://img84.imageshack.us/img84/6844/runnerqu0ym.gif

Prosperous entries dude.

[Runner]

Spike that blue thing is just some info on price action.

[New-born baby]

Hey Runner,

Hey, by the way, what is that thing I've circled represent?


11 herbs and spices

[spikefader]

lol; OK, just "some" info huh hehe. I think NB is onto somethin'.....a secret formula to identify critical moments in time. Well I hope it makes ya a kazillion!

[Runner]

Spike, really it has no value or secret herbs. It truly does not mean anything. I can adjust the values in that blue box and put in entry prices and date stock was bought. Once in a watch list it will automatically adjust with time.

[spikefader]

lol Oh, OK. It looks impressive though jeje

[Runner]

Several shorts triggered today off last nights scans. One looking interesting for a possible pullback buy is CTCI. PALM might be trying to put in a bottom.

STMP had a real nice trigger out of the drift
VSH=same
NITE=same
TCC=still in drift mode
ICE=drift mode
ROCK=drift into R

[Runner]

Little upward momentum has been going on in the shipping group..

[Runner]

Having run my scans I’m just not seeing many that have been setting up from a base. Normally when the market is trending I’ll get a slue of stocks setting up long. Here are the only ones I’m seeing that might be setting up for a possible swing.
FMD- basing since March and currently showing some forward momentum
RAH-basing
CTCI-trending real nice out of a nice base
ANDE- trying to pop out of short base
ABAX- trying to accelerate out of base
RSAS- popped out of base and missed first pullback
ENS- nice base and trend acceleration and chart looks pretty good

Of stocks just mentioned I like ABAX ENS FMD the best with possible triggerline over last close.

I’m happy with last nights stock selection as most of then pulled through today. I’ve traded ABAX and ENS and just went flat.

[IIC]

Having run my scans I’m just not seeing many that have been setting up from a base. Normally when the market is trending I’ll get a slue of stocks setting up long. Here are the only ones I’m seeing that might be setting up for a possible swing.
FMD- basing since March and currently showing some forward momentum
RAH-basing
CTCI-trending real nice out of a nice base
ANDE- trying to pop out of short base
ABAX- trying to accelerate out of base
RSAS- popped out of base and missed first pullback
ENS- nice base and trend acceleration and chart looks pretty good


Hopefully you are right about ABAX...I paid 22...IIC

[Runner]

This is what I like about ABAX-

Found Bottom
Bases
Trend moves up
http://img255.imageshack.us/img255/8578/abax2hu.png (http://imageshack.us)

[IIC]

That day of the big drop is the day I bot it...it appeared to be reversing intraday at the time and I thought it had bottomed...went up a little bit after I got in...but reversed...However, I had plenty of time to get out with a 10-20 cent loss...In retro I should have since it was a medium sized buy...But when you gotta angel in your pocket....

Thx for the chart...Doug(IIC)

[Runner]

ABAX trying
http://img105.imageshack.us/img105/7867/abax9kj.png (http://imageshack.us)

[Runner]

RSAS=HUGE move

[Runner]

I'm Bull on ENS as long as green line holds
http://img199.imageshack.us/img199/6819/ens0mg.png (http://imageshack.us)

[Runner]

ENS looks as if 19.90 was the play. Little bit of support here. Needs to bust the red line with vigor!!
http://img433.imageshack.us/img433/5844/ens12fr.png (http://imageshack.us)

[Runner]

Last long signal intraday 21.19 on ABAX looking strong right now!!

[Runner]

Thank you ENS as it pops that R-line very nicely!!

[Runner]

Looking for possible floor at 20.90 to hold on ENS

[Runner]

ABAX is nearing the upper channel

[Runner]

[QUOTE=Runner]Having run my scans I’m just not seeing many that have been setting up from a base. Normally when the market is trending I’ll get a slue of stocks setting up long. Here are the only ones I’m seeing that might be setting up for a possible swing.
FMD- basing since March and currently showing some forward momentum
RAH-basing
CTCI-trending real nice out of a nice base
ANDE- trying to pop out of short base
ABAX- trying to accelerate out of base
RSAS- popped out of base and missed first pullback
ENS- nice base and trend acceleration and chart looks pretty good

Of stocks just mentioned I like ABAX ENS FMD the best with possible triggerline over last close.

QUOTE]
I’m happy with last nights stock selection as most of then pulled through today. I’ve traded ABAX and ENS and just went flat.[/

[Runner]

Done for the week, ya’ll have a nice weekend!!

[Lyehopper]

Done for the week, ya’ll have a nice weekend!!
You too dude!

[Runner]

Thanks LYE, you have a good one also. I’ll not be on the net tomorrow but here are a few stocks that I’ll be keeping an eye on. I like to find stocks that are basing from a possible bottom. Normally after the market corrects the high flyers will not fly as high and new leaders may arise. These stocks have been showing signs of bottoming and might be worth keeping an eye on. Some of these have been in forward momo mode. I like the first pull back after a break out of the base, if the chart looks right.

BRNC HELX ELOS BKD PALM XPRSA DDE AFFM RAH UNM GMR TNP TUP AXS CSL MTD TR SJM RLI

[Runner]

Folks, my sister has to undergo serious surgery Monday. She has a huge blood clot in her lung. I would be grateful if you can remember her in your prayers. Her name is Diane. I will need to leave early Sunday and not sure when I’ll return.

[DSteckler]

Sorry to hear that, Runner. I'll pray for her swift recovery.

[jiesen]

Folks, my sister has to undergo serious surgery Monday. She has a huge blood clot in her lung. I would be grateful if you can remember her in your prayers. Her name is Diane. I will need to leave early Sunday and not sure when I’ll return.

Runner, I'm sorry to hear that, and I hope your sister pulls through the surgery alright. Diane will be in my thoughts this weekend. It's a blessing that she has a caring brother around to lend support to her now, when it's most needed. I know that with you around she'll be well taken care of.

[billyjoe]

Runner,
Praying for the whole family.
---------billyjoe

[peanuts]

I would be grateful if you can remember her in your prayers. Her name is Diane.

You got it! Sorry to hear of this. She has a great brother.

[IIC]

Folks, my sister has to undergo serious surgery Monday. She has a huge blood clot in her lung. I would be grateful if you can remember her in your prayers. Her name is Diane. I will need to leave early Sunday and not sure when I’ll return.

My best wishes for a successful operation and a swift recovery for Diane...Doug(IIC)

[Runner]

Folks I truly thank each and every one of you who have taken a minute in Prayer for my sister. I strongly believe there is power in numbers and power in Prayer. I’m optimistic that the good Lord will work through the hands of the surgeons and heal here. I will need to be in a meeting with the Doctors Monday at 0900.

[B.J]

Folks, my sister has to undergo serious surgery Monday. She has a huge blood clot in her lung. I would be grateful if you can remember her in your prayers. Her name is Diane. I will need to leave early Sunday and not sure when I’ll return.
Runner, my thoughts and prayers are with Diane. I wish for her a successful surgery and a swift and complete recovery.

[New-born baby]

We will be praying for Diane and your entire family. God bless you all.

[RL]

Your sister will be In my prayers every day

[Runner]

Initial punch list:
http://img161.imageshack.us/img161/4733/punch10hq.png (http://imageshack.us)
http://img151.imageshack.us/img151/9366/punch20ma.png (http://imageshack.us)

[Runner]

FA screen 1
AXR HANS DNA QSII COH GIL CRDN CCRT PCU PTEN IPS PRA ARLP DVN GMR OSG EPEX

FA screen II
NTRI TGE HANS ARXT ISRG HELX GOL CTSH ENDP RES QSII BJS AMX LVS SII FCL AXR

[DSteckler]

How did your sister's surgery go?

[Runner]

How did your sister's surgery go?

Dave, my sister had her operation yesterday and the good Lord worked through the hands of the surgeons and she took it like a trooper. Amazing the power of Prayer. She is currently in a lot of pain but things are going to get better. She had a blood clot in her lung the size of a golf ball. She had a 50/50 chance and is going to pull through…

Dave thanks for asking and again thanks you all for your thoughts and Prayers……

George

[jiesen]

Dave, my sister had her operation yesterday and the good Lord worked through the hands of the surgeons and she took it like a trooper. Amazing the power of Prayer. She is currently in a lot of pain but things are going to get better. She had a blood clot in her lung the size of a golf ball. She had a 50/50 chance and is going to pull through…

Dave thanks for asking and again thanks you all for your thoughts and Prayers……

George

Welcome back, Runner! I'm glad your sister made it through the surgery ok. I knew she would, with you in her corner.

[Lyehopper]

Runner.... I'm happy to hear that your sis is OK dude!

[DSteckler]

Excellent! Glad to hear everything went well.

[peanuts]

Dave, my sister had her operation yesterday and the good Lord worked through the hands of the surgeons and she took it like a trooper. Amazing the power of Prayer. She is currently in a lot of pain but things are going to get better. She had a blood clot in her lung the size of a golf ball. She had a 50/50 chance and is going to pull through…

Great to hear that she is on her way to recovery. I hope that it is a speedy and full recovery.

[Runner]

OII- trigger info..I missed my entry. http://geoshorttermtrading.blogspot.com/2006/07/pull-back-070706.html

[Rob]

Runner, I'm very happy to hear your sister, Diane, pulled through her surgery and is going to make it. That is outstanding news. All the best.

[Runner]

Rob and Peanuts thanks for your kind words!!

[Runner]

A few possible set-ups for Wed.
BOOM
BOT
CIG
CLB
ERS
EWZ
HMY
HSR
ICE
ILF
JCOM
MIKR
NYX
OS
PEIX
SM
STLD
VOL
WNR
WOR

[Runner]

I like WNR and instead of repeating my post I have my plan on this trade located on my blog thing... http://geoshorttermtrading.blogspot.com/2006/07/wnr.html

[jiesen]

I like WNR and instead of repeating my post I have my plan on this trade located on my blog thing... http://geoshorttermtrading.blogspot.com/2006/07/wnr.html

Of course you do, Runner. Everyone likes a WNR! Your site's coming along pretty nicely, too. Keep it up! Your call on SSRI is right on.

[RL]

Runner great blog I,ll be there every morning

[Rob]

Runner, I'm just curious as to why the charts you post never include the volume bars. Don't you consider volume as an important factor?

[Runner]

Rob, in all honesty I don’t look at the volume very much when looking for set-ups. I mainly focus on the price chart only. The only indicator used is a sub-sector line. I’m currently exploring Rerko charts and one of the signals requires volume as an indicator.

[Runner]

This is a great slide show about our troops in Iraq...

They did a super job of putting this together.....

http://objflicks.com/GladiatorAmericanStyle.htm

[New-born baby]

Runner, I'm just curious as to why the charts you post never include the volume bars. Don't you consider volume as an important factor?

Rob,
Runner is a great trader, and I respect his posts. Still, every single source I read/study insists that volume is a critical factor to consider when taking a trade. You probably already know this, but I thought I'd throw it out there for others to consider, too.

I still love your artwork! :D

[Runner]

Rob,
Runner is a great trader, and I respect his posts. Still, every single source I read/study insists that volume is a critical factor to consider when taking a trade. You probably already know this, but I thought I'd throw it out there for others to consider, too.

I still love your artwork! :D

I think volume bars confuse more traders then what their worth..IMO Explain how a stock will move down only 1% with a huge red volume spike and then climb 10% with little volume? How is it that a stock can drop 5% with little volume? I think it is manipulation myself. I thought for every seller there has to be a buyer? Bottom line you really don’t know who is buying or selling based of a volume bar. You don’t know what the market maker or specialist is doing.. This is why I pay zero attention to volume but price bars that set up to my likings I feel has more weight… I use to pay attention to the volume until I realized it was worthless.

I know all the books and experts harp volume. Maybe I’m way off base here, but I’ll tell you this much it works for me. Just like indicators in general. People thinking they are the holy grail….Wrong indicators cloud one’s judgment.. I believe all we need to know about the stock is easily seen through price bars and patterens.

[New-born baby]

I think volume bars confuse more traders then what their worth..IMO Explain how a stock will move down only 1% with a huge red volume spike and then climb 10% with little volume? How is it that a stock can drop 5% with little volume? I think it is manipulation myself. I thought for every seller there has to be a buyer? Bottom line you really don’t know who is buying or selling based of a volume bar. You don’t know what the market maker or specialist is doing.. This is why I pay zero attention to volume but price bars that set up to my likings I feel has more weight… I use to pay attention to the volume until I realized it was worthless.

I know all the books and experts harp volume. Maybe I’m way off base here, but I’ll tell you this much it works for me. Just like indicators in general. People thinking they are the holy grail….Wrong indicators cloud one’s judgment.. I believe all we need to know about the stock is easily seen through price bars and patterens.

Any system that works for a trader is fine--Jessie Livermore eschewed charts altogether. I am just saying that you are like Derek Lee: he's a great hitter, but don't copy his stance. It isn't his stance that makes him great.

[Runner]

FIZ may offer a swing play. It is currently in a nice P/B into temp support. One may look for trigger point 16.03 off a daily chart. I think a stop just under last lows or 14.45 might work. If current support area is taken I expect a return move to the 14.45 area. Target 17.61 or see how it acts if it reaches old highs..

Market is still in BEAR mode IMO. Yesterday’s one day wonder can not find traction today. Breakouts are not following through for the most part. Maybe yesterday was a short panic. Bear trend is still in place in the Indices. Choppy action warrants quick trigger action to lock it in..

[Runner]

INDICES:

Well despite the recent sell off in the S&P500 I’ve noticed the Index is currently sitting right at the longer-term trendline. Bulls need to wake up. If current trendline is breached I expect a possible acceleration to the downside. Here is a monthly chart of the S&P. Notice the huge reversal by the wide range bar a few months back.

Nasdaq- this one looks pretty sick. The monthly chart clearly shows the wedge that formed. Once again note the huge reversal wide range bar a few months ago. Naz needs to gain some traction and I see the possibility the bottom line may offer support. If this fails we could be in trouble. I also do not like the fact of the Naz being a laggard.
http://img160.imageshack.us/img160/8818/sp50072106sv8.png (http://imageshack.us)
http://img48.imageshack.us/img48/2050/nasdaq72106nk8.png (http://imageshack.us)
Major Sectors:

Nothing here is really looking hot to me on the long side. I see a lot of chopping and lack of follow through. Top sector is Tobacco and I’m not very excited about it. Bottom sectors Electronics, Materials & Construction, and Manufacturing. I just don’t see the sector charts screaming buy me.

Sub Sectors:
A few that are been doing well despite the overall market action Health Care Plans, Med Lab, Cigarettes, Drug stores, and Utilities. Bottom of the list include Semi related groups, Building Materials Wholesale, Manufactured Housing, and Printed Circuit Boards. The sub sectors really look horrible and do not offer much leadership.

Next Week I plan on just sitting on the sidelines and will most likely not open any swings. I think we are in a day traders market and this means one should be quick to grab a profit when it offers it.

[Runner]

Doing a portfolio experiment using a system to determine long or short. This port is only a 10K example and tickers in red are shorts. Each position is given about 100 risk or about a 10% stop. Port will be updated every 2 weeks and the weakest will be sold. When stopped out I will put in another stock. Stocks were picks based off new highs and new lows. Direction of long or short will also change based off market efficiency. Currently market is showing more shorts than longs. I will use trailing stops once R1 has been met.
I do not own any of these stocks, as this is an experiment I wish to conduct.

http://img204.imageshack.us/img204/5126/testportdl2.png (http://imageshack.us)

[ParkTwain]

Interesting chart below:
http://www.parabolicpredictions.com/Is%20Volume%20Important.pdf

[Runner]

Interesting chart below:
http://www.parabolicpredictions.com/Is%20Volume%20Important.pdf
Park, interesting link... thankX

[Runner]

Thus far my test port is taking a nice little spanking…No market timing was used and only determination for long or short was an extended glance of a daily chart.

[Runner]

S&P needs to get over top trendline here with some Bull power for the sake of the longs. Now Bears might be trying to sneak in here with the hope of another slap down… Time shall tell…
http://img478.imageshack.us/img478/6818/sil6.png (http://imageshack.us)

[Runner]

Banking stocks have been really hitting my scan today for highs
Drugs doing the same, Utilities have been running for awhile.

[New-born baby]

Banking stocks have been really hitting my scan today for highs
Drugs doing the same, Utilities have been running for awhile.

You mean to take them long?

[Runner]

Here a few pop outs… I’m not to crazy about longs right now..

LMT ORB FFFL PBCT BAC OCN PRSP IDA AYE OGE

[Runner]

NB, just trying to isolate what groups are moving. I’ll keep an eye on these guys

[Runner]

Having loaded those few stocks in my screen I see volatility is lacking. Some with a higher HV level are TTG BVX CRAY ACR IHR FLAG AEA

Higher HV gives you a better return with respect to time.. Not always through. The bites hurt more if you get it wrong...

[New-born baby]

Having loaded those few stocks in my screen I see volatility is lacking. Some with a higher HV level are TTG BVX CRAY ACR IHR FLAG AEA

Higher HV gives you a better return with respect to time.. Not always through. The bites hurt more if you get it wrong...

Thanks! I appreciate it all.

[Runner]

Few stocks on my short list. These stocks fit my likings as they fell out of a base and are currently in first pullback. I would like to see them pullback some more..
AIRM RTI JOYG CHE CRYP SIRF WSO LRCX ECOL BJS NTGR UFPI ALKS RYL HAL