Archive | May, 2009

A Short Hiatus

18 May

We will be taking a short few week hiatus, but do not fear, we will be back bigger and better than ever.

In our return you can look forward to
More In depth Market Commentary
Detailed entry and exit of trades
and Video Watchlists and Chart Analysis

Ta Ta for now…

Happy Trading!

Wk19: Market Recap

11 May

Last week created a strong argument for the bulls as Bernanke said the economic outlook may be strengthening. We will be watching the 934.85 level on the S&P as it is the Year-To-Date high. The Russell is also close to breaking its YTD high, the Dow has a good 500 points to go. This week marks the 6th week of the NASDAQ sitting positive on the year at +10%. The S&P and Russell going positive on the year in week 19 may create some tracktion for a continued rally in the weeks to come.

Wk20: Market Forecast

11 May

Potential market movers in the week to come are…
· Mon: Ben Bernanke Speaks 6:30 PM ET
· Tues:
International Trade 8:30 PM ET
· Weds:
Retail Sales 8:30 AM ET
· Thurs:
Producer Price Index 8:30 AM ET
· Thurs:
Jobless Claims 8:30 AM ET
· Fri:
Consumer Price Index 8:30 AM ET
· Fri:
Industrial Production AM ET
· Fri:
Consumer Sentiment 9:55 AM ET

OPTIONS EXPIRY MAY 15TH!

Next week we will be watching the market action at the S&P 934.85 level. If you aren’t currently in the market, don’t feel the need to jump in full force here as we may see some hesitation or a slight pullback first, as we usually do before a move higher takes place.

Wk20: Stocks to Watch

11 May

Stocks to watch this week are…

ARST, MANT, MGLN, OSIP, NAT, NS, PEGA, QSII, RVBD

April09: Recap

4 May

The month of April was the real first sign of bullishness in quite some time. This was the first month of the S&P making a new monthly high this year and only the 6th positive month since the market’s high in October of 2007. Any up moves from here on out will have quite a bit of support and resistance from the yearly, weekly and daily perspectives so don’t forget to pull out when you are drawing your trendlines in the broader markets.

Wk18 Market Recap

4 May

This week’s internals show the indecision and sideways action that we talked about in last week’s forecast. This is due in part to being at a key inflection point where bears are looking to short and bulls are looking to break and move higher. As we continue to sit in the middle of the up channel, watch for the S&P, Dow, NASDAQ, or Russell to break to the upside or downside.

Wk19: Market Forecast

4 May

Potential market movers in the week to come are…
· Mon: Pending Home Sales 10:00 AM ET
· Tues: Redbook 8:55 AM ET
· Weds: ADP Employment Report 8:15 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Thurs: Productivity and Costs 8:30 AM ET
· Fri: Employment Situation 8:30 AM ET

Ben Bernanke Speaks at 10:00 AM ET on Tuesday. The bank “Stress Tests” results have been moved up to Thursday, May 9. The stress tests are a government exercise to help regulators get a sense of what additional capital, if any would be necessary in various economic scenarios.
The S&P is sitting right at the 61.8% Fibonacci Retracement level. This level usually acts as a good indication that the underlying will make a retracement back to the 100% mark. The longer we hold sideways at the 875 level the stronger the support will be. A move lower to the 50% Fibo retracement level is likely so we are prepared as always, for both sides of the trade.

Wk19: Stocks to Watch

4 May

Stay tuned for future updates and the return of weekly chart analysis and soon to come…video watchlists! Until then, here’s the idea’s for this week.

There were very few stocks with showing our entry signal so here are a few to keep on your radar and awaiting a good entry point.

AAN, ARST, CPN, CPSI, CYOU, HANS, MVSN, ORLY, PTRV, QSII, TECH

Week 18 Recap
Profitable:
QSII broke out and setting up for yet another entry
CPSI broke out nicely

Still Waiting:
ARST still waiting

Failed before entry (no harm, no foul):
PNRA Broke down on earnings (we never hold a full position over earnings; unless we have a profit going into earnings we usually close the entire position. Pay attention to those earnings announcements).
DRI, FWRD, HRS, & VIVO Never triggered as well

As you can see, by sticking to our trading entry and exit rules we eliminate fake out trades and have an extremely high success rate. 2/2 for trades placed on the week, not too bad in a sideways market.