• 2 Great Ways to Play the Agriculture Bull Market

    Update: I inadvertently uploaded charts of FLR and FWLT, instead of AGU and MON. I’ll leave the other two charts up since both stocks are on my primary watchlist. Here are the charts for AGU and MON, two of my favorite ag plays: FWLT and FLR charts:

  • Sectors Posting Five Days of Gains

    The following 15 sectors have posted positive gains 5 days in a row: Sectors that have me interested include: beverages, aerospace/defense, oil & gas and ag chemcicals.

  • Trades: BCSI, UA, GS, GRMN, FWLT, LEH, UA, SWHC

    As I posted yesterday, I exited the following positions: I sold 500 shares of BCSI at $80.90 (entry at $76.27) for a $2315 gain (+6.0%). I sold 500 shares of UA at $64.10 (entry at $62.50) for an $800 gain (+2.5%). I covered 150 shares of GS at $183.40 (short…

  • 10 Sectors and Stocks to Watch

    The following 10 sectors had a week that rivaled Tom Brady’s week one breakout: I went through the top 10 sectors and picked one or two stocks from each: ABX & AEM (Gold)DVA (Specialized Health Services)LVS & WYNN (Resorts and Casinos)XMSR (Broadcasting Radio)CELG & ILMN (Biotech)JEC & KBR (Technical Services)CEO…

  • Trades: NOV, SDS, DDM, NEM, DBA, BCSI. FWLT, VDSI, GRMN, UA, NVDA

    Yesterday, I sold 400 shares of NOV at $133.25 (entry at $127.23) for a $2408 gain (+4.7%). Of course, looking back I wish I would have held on (it’s currently trading at $136), but I can’t complain about a $2400 one day profit. Yesterday, I sold 300 shares of SDS…

  • Quickie Trade Update

    I’m in a hurry, thus the quickie trade update. I’ll go into more detail in my next post. I exited NOV for a nice gain. I exited my index and gold plays, DDS, NEM, DBA and SSO for small to moderate gains. I exited GMCR for a loss. I took…

  • Charting National Oil Varco (NOV) and Today’s Trades

    Today I bought 400 shares of NOV at an average price of $127.23. As I noted in Sunday night’s post of last week’s top stocks, oil stocks are making a move. Therefore, I was looking to enter NOV on weakness. As we can see in the chart, the stock broke…

  • Quickie Trade Post

    I took positions in NOV, NEM and SRS (short real estate ETF). I was also stopped out of TOL for a loss. My schedule is full today so I’ll have to detail these trades tonight.

  • 15 Stocks to Watch and the Short Watchlist

    If you are still long on the market, these 15 stocks are a good place to start your quest for trading candidates. They are among the best performing stocks last week. A cursory glance tells me energy and gold are the places to be right now. As expected, I received…

  • A Reader Criticizes My Non-Technical Impulsive Trading

    A reader seemed disappointed with Friday’s “not-so-technical” trades. In that post, I said I was annoyed and pissed off by a market making non-sensical knee jerk moves. To take advantage of an emerging pattern (market is up one day and down the next), I went long the indexes on extreme…

  • A Not So Technical Trade

    I know I’m not the only one annoyed by this market. It’s not that we are in a trading range that’s pissing me off, it’s the non-sensical up and down days we are seeing. Anyway, I’m not going to let my emotions get in the way. As we all can…

  • Indicators are not the be-all and end-all!

    Lately I’ve received many e-mails and comments asking me why I made a trade when so-and-so indicator was divergent or not giving a buy or sell signal. This comment left by Rey is a good example: “It looks like I don’t see eye to eye with you sometimes regarding going…

  • Today’s Trades: RIMM and RS

    I bought 500 shares of RIMM at $82.71. This is a short term trend-pullback play. My intitial target is the high at $85, with a stop at $81. I covered the RS short, 500 shares at $54.05 (entry at $53.16) for a $445 loss (-1.6%). I am still holding GMRC,…

  • Where I Start My Research on a Negative Day

    Only 10 of the 239 Hemscott Industry Groups featured on Telechart were positive today. This is a good place to start tonight’s research. One stock that piqued my interest is SOHU:

  • I Rushed Today’s Trade: GRMN

    I sold 500 shares of GRMN at $107.04 (entry at $105.25) for a $825 gain (+1.7%). I don’t feel good about this trade. It may sound hard to believe, but I am probably more conflicted about this trade than any losing trade I’ve this past year. After reading comments and…

  • Trend-Pullback Watchlist

    The following stocks are on my “trend-pullback” watchlist: Four featured charts:

  • Today’s Trade: GRMN

    I bought 500 shares of GRMN at $105.25. I placed a buy order pre-market at the breakout point, which also marks a new high for the stock. The triangle pattern appealed to me, as well as the strong stochastic and volume readings. I will likely place my stop below the…

  • August Sector Review

    It’s a good idea to keep tabs on what’s working and what’s not, so at the end of every month I do a sector review. Here are the top and bottom twenty for August. Bottom 20 Sectors: Top 20 Sectors: Many of the top performing sectors are coming off down…

  • Why I Don’t Trust this Rally (and Bush Bashing)

    I don’t trust today’s strength, and may use the last hour of trading to initiate some small short positions. The reason for my distrust is twofold. I believe the market is overreacting to comments from Bush that do little to address the subprime problem. Unless he is willing to provide…

  • Chart: TOL

    As noted in the previous post, I took a position in TOL today. Those familiar with my trading style know I don’t tend to buy downtrending stocks. However, I noticed some mean looking divergences that lead me to believe their might be some institutional buying at the current levels. At…

  • Trades and Watchlist

    Trades (posted in comments this morning): I sold 500 FLR at $123.89 (entry at $120.20) for a $1845 gain (+3.4%). I bought 400 TOL at $21.11. I am short 400 shares NUE at $52.56. I bought 400 shares of SDS (2X short S&P 500) at $55.80. I will detail the…