New On the Long Watch List

Check out my latest long swing/scalp ideas for Monday – would help if the market could hold these levels or rebound back up for a few days…

F – I struggle to find love in the auto industry right now, but F tested horizontal support Friday and will be worth watching Monday for possible swing entry long if it holds.

BDSI – Building a little flag against 5.00 with nice volume last week. Looking for possible breakout here.

PPHM -  .70 was previous support and now resistance.  If it moves though with volume, I way swing.

TELK – I like it.  Yes, it released news Friday morning about basically sold off the rest of the day, but it is now on trendline support and the sell-off was likely from all of the cold feet Friday.  I might swing long if it holds trendline.

COIN might be an interesting swing off trendline support. Needs a volume pop.

CPST – sitting on mild horizontal support and MA50 with turning STO. Looking for support bouce long swing.

ZHNE – Triangle consolidation on MA50 support.  Worth watching for breakout.

NXG – Strong horizontal  and MA50 support. Long swing with stop just under 2.50.

ONTY - Held support Friday. Time to swing back up?

CLDX - gotta watch $ for possible momo breakout tomorrow.

GERN – Can GERN hold horizontal support and MA200 with bottoming Full Sto?

Others (less setup, but worth watching):

XOMA might have bottomed Friday.

CRXX – turning Full Sto.

INO – trading in a box.  Could move, but I worry about H1N1 speculation plays right now.

CHINA – weak horizontal support with trendline support.

Tags: BDSI, CHINA, CLDX, COIN, CPST, F, GERN, INO, NXG, ONTY, PPHM, TELK, XOMA, ZHNE

Busy Day… Away From Trading

Good evening.

It happened again.. I missed an intraday bull rally. Crap.

This morning I resolved to get away from the market to catch up on projects at my day job. As with most things in life, timing is everything and today sure offered the right time for some tasty scalps after a 2 1/2 day retraction.  And I wasn’t there. Oh, well. I did manage to book a 6% gain on a large position in $SRS yesterday (2 day swing trade), so I was content to unplug the computer for a day. Blah – bad play Ryan.  Now that I have my frustrations of missing ‘the move’ out of my system, let’s look forward.

A few things jumped out at me when I opened my [popup]Watch List[/popup] a few minutes ago.  First, $NAVI was a clear winner.  I added this nugget to the WL back on the 5th (after close) at 1.46. NAVI has since moved up over 21%.  Another triangle doing me right (if I would have played the bastard).

$PSUN has also pushed up over 16% since being added on the 3rd at 3.49.  Both NAVI and PSUN will be removed from the WL since the setup has been satisfied.  The rest is up to you.

You’ll notice others are no longer living on the WL for the same reason, like huge winners $CRBC, $AHR, $ATPG,  $ALY, $DYN, $WTNY, $HTE and $DVN.

I’m pulling these off the list because of a lack of interest:

$FLEX – This one just continues to be bullish. No real breakout setup here.   I also killed $Q for no great reason, but not keeping it for a good reason either. I’ll notice if it moves strong through MA50, but not keeping it on the WL. $PEIX has been removed. I don’t like the company and don’t like the nose dive in the Full Sto. $OCLY didn’t breakout out of channel to the upside, but now could to the downside.  UG.

$BCON makes me sad. I was really hoping for something strong through MA50, but it never happened. May look again if it can hold support at .63ish.

$FCEL is off the list, but never far from my mind. It is trying to coil down to a nice triangle and we may see a pop back up soon.  I’ll be there.

I’m leaving $PPHM on the list, but for a different reason than originally defined.  I want to see if it can hold horizontal support at .7.  Yes, possible swing back up to .85.

OK, that’s it for the Watch List cleanup.  Now time to find new opportunities.  See you soon.

Tags: AHR, ALY, ATGP, BCON, CRBC, DVN, DYN, FCEL, FLEX, HTE, NAVI, OCLY, PEIX, PPHM, PSUN, Q, SRS, WTNY

Watch List Update

As expected, the market had a hard time adding to Monday gains, but there were some winners out there. Today’s Watch List was kind of boring. However,  I gotta talk about YRCW – KABOOM…

Ironically, the first winner to mention was $YRCW.  One day after I said it hasn’t broken resistance, and quite honestly, when I was losing interest, it decides to rocket to the moon. I’ve been looking for the 1.75 breakout and if I would have stuck by my rules today, I would have still made 20+ % had I entered at that point.  Congrats if you waited patiently for this move. Sticking to the rules DOES pay off.

$FNSR continues to move. Congrats if you got in here after MA200 support bounce.

Current Watch List:

And speaking of patience – $BCON is testing mine, but I still want to be in this and ready for a move. Tight stops, of course.

I’m taking $UIS off the Watch List because it made its move.  Happy times.

Patience – again – waiting for the $PPHM move through .85.

Same story with $CFW – waiting on .80 to hit.

$ETFC – Waiting on move. I’m interested above 1.55

$UTSI – Come on 1.8 – DO IT.

Really, the same story runs all the way down the new additions to the WL.  $NG had the best day and continues to look bullish.

Natural Gas Watch List Update:

The bottom 1/2 of the WL focusses on natural gas / oil plays from Sunday’s research – lots of stocks were setup and ready to move.  As you can see, many of them have.  I’ll just leave the Nat Gas list up for the rest of the week to see how it plays the week out.

Tags: BCON, CFW, ETFC, FNSR, PPHM, UIS, UTSI, YRCW

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

Weekend Watch List Update

Quickly running down the existing list before I get to a few new ones:

$GNBT – I took some profits here last week and am not really that interested anymore.  We’ll see if we see some strength enter next week.

$BCON – I still like this one, just struggling with an entry.  If I take a position, you’ll see it in my tweets.

$SONS was a wonderful swing trade as it moved through MA200. I’m taking it off the list to look for new setups.

$UIS – Still watching horizontal resistance at 1.90

$CVM – Got the move, but am not interested in a new long position until it finds its way back to MA50. Taking off the list.

$ALTU is just not behaving – too much volatility and not enough trending.  I’m leaving this one alone, for now.

$APOL – Hmm. Not a lot of interest here.. I think I’ll move on.

$AKRX – I was really interested in AKRX Wednesday night. Thursday would have been an interesting scalp day, but now I don’t see a comfortable entrance that fits my style.

$YRCW - Fail.  Glad it didn’t break 1.75 before the fail or I might have gotten hurt

$PPHM – Definitely keeping this one around. It is trying desperately to breakout of this MA50 support ascending triangle. A move to .85 and I’m interested.

$BARE – I was actually watching BARE as a short  if it fell below 7.5. Instead, BARE has made a very nice bull move.  But, gotta take it off my list because I’m looking for setups, not stocks that have already moved.
See my Sunday post for new stocks to watch for next week… gut tells me it may not be so fun for the bulls, so I’m preparing for some shorts, just in case.

Tags: AKRX, ALTU, APOL, BARE, BCON, CVM, GNBT, PPHM, SONS, UIS, YRCW