• 4 Breakout Stocks To Watch

    The market is trying to find its identity still this morning. Employment did not have the effect that many were thinking (including myself) it would have – which is starting to become a trend with these major reports, where we get a lot of reaction, but ultimately we settle somewhere around where we started.  Below,

    |October 8, 2010|1 min read|

  • Long PAG At $13.35

    So far this morning the market is simply content with trading sideways. I’m taking a hit in BEAV this morning after a tremendous breakout session the day before. I’ve added Penske Automotive (PAG) to the portfolio this morning on a double-bottom confirmation. My stop is pretty tight on this one, offering a high-reward/low-risk profit opportunity. 

    |October 7, 2010|1 min read|

  • Long BEAV At $31.71

    I may be a little early on this trade, but the breakout above resistance, furthered by the breakout from its recent wedge is what caused me to pull the trigger on this one. The market is all over the place today – no clear direction for the at this moment. But I wouldn’t be surprised

    |October 6, 2010|0 min read|

  • Long URS At $38.82

    Busy day in the market. I took gains in my short position in Lockheed Martin (LMT), while taking half my gains off the table for Callaway Golf (ELY), and closed out my position in Patriot Coal (PCX) after a 6% gain on the day. I did add a couple of positions near the close with

    |October 5, 2010|1 min read|

  • Long ENER At $5.19

    Went long this morning in Energy Conversion Devices (ENER). I’ve placed my stop-loss at 4.86. This stock has a lot of breakout potential to it.  Here’s the chart analysis on ENER. 

    |October 4, 2010|0 min read|

  • Long PCX At $11.95

    What a week it has been, I think I came away with whip-lash due to all the market reversals that we saw. What was good news was bad news (GDP, Jobs, Consumer Sentiment) and what was bad news was good news (Consumer Confidence). That is why you shouldn’t get too wrapped up in what the

    |October 1, 2010|1 min read|

  • KLIC Under Some Heavy Selling Pressure

     

    |September 29, 2010|0 min read|

  • NILE Setting Up As A Nice Short

    I came across Blue Nile (NILE) this morning as I was going through my scans. NILE stuck out to me mainly  because of the multi-year resistance levels that is seen just above the current price. Also this stock is in the beginning of a well-defined downtrend, and if it can break below the mid-40’s where

    |September 29, 2010|0 min read|

  • Keep An Eye On ESRX

       

    |September 28, 2010|0 min read|

  • Long QQQQ At $49.55

    Stocks this morning are showing little gumption for a follow-through today on Friday’s rally. The bulls need to be careful here that they don’t allow for the selling to suddenly get out of hand. I’ve gone ahead and added to my portfolio this morning with a nice sized position in QQQQ (ETF that tracks the

    |September 27, 2010|1 min read|