Category: Uncategorized

  • Monday’s Watchlist: csx, abv, elx, cnw, eth, ksu, sfnt, trn, vdsi

    Here are five bullish and five bearish stocks from my watchlist. All of these stocks came from my weekly review of best and worst performing sectors. Charts and sector review courtesy of prophet.net Note: For some reason these charts are doing a number on my site, so I had to…

  • How I Know a Top is Forming: An Office Conversation and a Perma-Bull

    {Those visiting this site via Brett Steenbarger, The Kirk Report or another link, please check out the rest of my site by clicking on “The Market Speculator” link here or above. Thanks for visiting!} I’ve had my suspicions that a top is forming for quite some time, and now I…

  • Today’s Trade: CMED

    I bought 700 shares CMED (China Medical Technoligies, Inc.) today at $25.15. The stock has alot of things going for it techinically. It broke out on strong volume over resistance, followed by a low volume pullback that bottomed with a bullish engulfing pattern. This is one of my favorite long…

  • Top Sectors and Oil & Steel Watchlist

    Many of my long candidates come from the top performing sectors over a given time period. It’s no surprise that oil and steel stocks are on this list, as they have been on fire of late. Here are the top eight sectors over the past 20 days, via prophet.net. 1.…

  • Oil, Steel and the Running of the Bulls

    As many of you know, I’ve been an oil bear the past few months, and it’s worked out quite nice. Well, at least in the very short term, I’m putting on the horns. There’s no allegiance in this game, and I’m now an oil bull, at least until they break…

  • Chart Requests: QCOM, CAT, TIE, NUAN, VAR

    Here are my thoughts on a few stocks requested by readers. I received a lot more requests than I expected, and couldn’t get to all of them, so I went with the first five requests. Please keep in mind these are not buy or sell recommendations. QCOM (Qualcomm, Inc):This stock…

  • Today’s Trade, Chart Requests and TraderFeed

    I went short 300 shares OII at $36.05. I’ll have a chart posted tonight. I’ve got some free time tonight, so anybody who would like me to analyze and annotate a chart you are watching, feel free to e-mail me at or leave the stock’s symbol in the comments section.…

  • Charts of Today’s Entries: BRCM, COST, VLO . . .and Ping Pong

    Here are the charts that lead me to make today’s entries. BRCM (Broadcom Corp.):I may have jumped the gun on this short, as the stochastics seem to be turning up from oversold territory and the stock printed a bullish hammer today. Maybe I got caught up in the poor earnings…

  • Today’s Trades: AAPL, PRFT, TIE, VLO, COST and BRCM

    I sold my 500 share position in AAPL at $81.71 (entry at $78.67) for a $1520 gain (+3.8%). I still feel AAPL will at least reach it’s previous highs at $85, so I may re-enter on weakness. I sold my 500 share position in PRFT at $17.45 (entry at $16.82)…

  • Shorts Watchlist and Some Hilarious Clips

    Here are six stocks that head my shorts watchlist: BRCM (Broadcom), CAT (Caterpillar, Inc), BOOM (Dynamic Materials Corp.), VLO (Valero Energy), AKAM (Akamai Technologies, Inc) and TZOO (Travelzoo Inc.). Off Topics:Do the Trump Dance Ali G Pitches to Trump and Other Execs Ali G at the United NationsHow does this…

  • Part-Time Trading : It Can Be Done! — Part I

    {Those visiting this site via TraderMike, TheKirkReport, or another link, please check out the rest of my site by clicking on “The Market Speculator” link here or above. Thanks for visiting!} Regular readers of my blog, or anybody who has read my trading goals, know that I have a day…

  • Today’s Trade: PRFT

    I bought 500 shares PRFT (Perficient, Inc.) at $16.82. The stock has been a nice momentum play and is consolidating after another breakout. My entry was timed the day after it printed an NR7 on the daily chart, with a stop placed just below the breakout point. If I wanted…

  • Today’s Trade (AAPL) and BOOM Chart

    I bought 400 shares of AAPL (Apple Computer, Inc.) at $78.67. I detailed my reasons in two posts earlier this week. I’ve got a mental stop placed around $77.20. Boom(Dynamic Materials Corp.) has been an easy play over the past year. You buy at extermely oversold positions and sell short…

  • Trading Quotes From Criminal Minds

    One of my favorite shows on television is Criminal Minds, which I feel is the smartest show on television. The quotes alone are worth the price of admission. Here are a few that could be applied to trading. Take a read and think about how each quote relates to trading.…

  • AAPL Entry Point

    In Monday’s post, I noted that a breakout over $77.50 after earnings would be a good entry point for AAPL (Apple Computer, Inc.). After today’s bell, the company posted good earnings (although iPod sales weren’t great) and, as I type, is trading over $78. I don’t like to trade after…

  • Today’s Trade and Chart: TIE

    I went short 400 shares of TIE (Titanuim Metals Corp) at $29.57. I have placed a stop just above $30 resistance. Stochastics are extremely overbought, but have not turned over yet, so I’m in this trade earlier than normal. Also, the stock has moved up to resistance on healthy volume,…

  • Chart: DPS

    DPS (Precison Drilling Trust) is bouncing off lows towards resistance in the $29-30 range. The weakness in the stock’s technicals leads me to believe this pullback will lead to another thrust down. However, I’ll wait to see how it handles the resistance area before entering a short position.

  • Wallstrip, My Take on AAPL and Hilarious Mac Spoofs

    Wallstrip, a joint blogging venture by a bunch of muy talented traders and bloggers, launched today with an excellent round table analysis of AAPL (Apple Computer, Inc.). It’s definately worth viewing for the different takes on the stock. Here is my own take on Apple. I see a healthy uptrend…

  • Chart from My Watchlist: KCP

    KCP (Kenneth Cole Productions) is at the top of my “longs watchlist”. I’m waiting to see how it handles a pullback to $25.50, after an impressive breakout over resistance on heavy volume. RSI is in a nice uptrend with higher lows, and MACD has turned positive. There’s also a chance…

  • Short Setup #1 and 2: Falling Off the Mountain and Falling Off the Hill

    {Those visiting this site via TraderMike, or another link, please check out the rest of my site by clicking on “The Market Speculator” link here or above. Thanks for visiting!} Over the next few weeks I’m going to present a few of my favorite setups, which I’ve labeled in my…

  • Today’s Trades: BEAS, FLIR, HOV, STP, VLO, EWZ

    I bought 600 shares of BEAS at $15.18. I like the NR7 “coiled spring” set up. I’ll go over the chart this weekend. I sold my 500 share position in FLIR at $28.50 (entry at $26.85) for an $825 gain (+7.0%). I was patient and made myself stick with this…