My Charts Performance

Here are a few charts that I’ve tossed out on TwitPics that have moved recently – most up following the market, a few down. I’m hoping to track which setups seem to perform better than others.

This list doesn’t include the stocks I added yesterday (natural gas setups):

$DENN – Posted on July 10th, price 2.18. Big move today pushed it up to close at 2.50 (9% move).

$PPHM – Posted on July 30th, price .81.  Closed today at .80 (flat).  What’s wrong with this setup?  Maybe nothing…. possible that it just hasn’t moved yet. Worth watching.

$YRCW -Posted on July 30th, price 1.66.  Closed today at 1.66.  This stock never broke horizontal resistance at 1.75.  Fail.

$CVM – Posted on July 30th, price .44.  Closed today at .56, but reached as high as .63.  Huge returns.

$HEB – Posted on July 19th, price 2.34. Has since fallen below support.

$CPST – Posted on July 10th, price .76.  Closed today at 1.16 – MASSIVE MOVE up 35%.

The good news is that none of the losers registered a buy indicator.  In other words, they were setup, but never broke through resistance or key technical level that would have triggered a long position.   The winners, of course, did.  PPHM has still not broken out (created a buy), but is still setup and worth watching.

This is encouraging.  I feel that if I stick to strict rules that I’ve established for myself, it is statistically favorable that I’ll profit.  Keep it simple and stick to your rules.

Tags: CPST, CVM, DENN, HEB, PPHM, YRCW

Two Stocks Holding Their Trendline

$GNBT - I have a small position here.  I keep playing the trendline and selling on pops.  If you look at the daily chart, you’ll notice a series of huge pops followed by a consolidation period along a very well defined trendline.  Over the last week, GNBT has attempted to pop off that trendline and I still think we’ll see the move.  It may tray to pull back to MA20 first, but that is a great springboard price-point (good entry).  Long story, short – I’m holding and looking for the move.  Any breakdown to or below trendline support with volume, and I’m out.

GNBT Daily - click to enlarge

$HEB is another good example of a stock that has done a great job sticking to trendline support and then popping. I might be interested in a long position with tight stop just under MA50.  View Chart.

Tags: GNBT, HEB

End-of-Week Watch List Cleanup

Time to clean up the Watch List so I can start fresh on Monday..

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Tags: AGEN, ARDM, ARNA, ATVI, BEE, CDII, CEGE, CPST, CTIC, DPTR, FNSR, FOE, FTEK, GA, GNBT, GNVC, HEB, HSTX, MGM, RAD, SPPI, STSI, UCBH, WMI

How I Play the Watch List

Well, thanks to the overall market strength and some great chart setups, the Watch List exploded this week. Congrats if you got some plays out of this.  There were also a few big movers from my Twitts that didn’t make it to the list, so make sure you keep an eye on the right column of this page for more of what I’m following.

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Tags: AGEN, GNBT, HEB

The Daily Scan

I’ve been preachin the love for $HEB and I finally got the breakout I was looking for.  There are numerous reasons I like this stock and I think it should have enough legs to get to 3 in the short term. we’ll see.

$CPST – Full Sto is shooting up with congestion price movement. I’m looking for the breakout through MA200 soon.

$STSI – RSI and Full Sto moving up with strong volume – breakout soon?

$AGEN – Will AGEN hold MA50?  If it does, I could swing it long.

$SPPI - Improving volume and rounded bottom on Full Sto.  Could be an interesting long swing play here.  Watching for MA20 support hold tomorrow.

$HSTX – Above 6.75

$FOE above 3.25 horizontal resistance

$FNSR – Nice move through MA200.  ADX crossing. Might be an interesting swing long here.

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Tags: AGEN, ARDM, ARNA, ATVI, BEE, CDII, CEGE, CPST, CTIC, DPTR, FNSR, FOE, FTEK, GA, GNBT, GNVC, HEB, HSTX, MGM, SPPI, STSI, WMI