Stock Trading Ideas

Stock Breakout Of The Day - CLW

Index	Close	Change	% Change	Trend
Dow Jones	10332.82	+24.18	+0.23%	SIDEWAYS
S&P 500	1102.56	+6.48	+0.59%	SIDEWAYS
Nasdaq	2211.69	+31.64	+1.45%	SIDEWAYS
Russell 2000	610.57	+6.32	+1.05%	SIDEWAYS

Why do I have ‘Breakout Of The Day’ post? Why buy stock at new highs and sell higher?

I have a simple answer to this questions: Lets say a stock is trading at $50, which happens to be the new highs for the stock. Now, how can the stock go to 100, 200 or 300? It’s simple: it has to first go through $51, $52, $53…. which “ironically” happens to be new highs every time it goes through these price changes. If you can get this point, it will immensely impact your trading methodology. Give it a thought and let me know your opinions.

This style is adapted after learning the systems from the master traders like Jesse Livermore, Nicholas Darvas and William O’Neil..

Trading Addicts.

Stock Breakout Of The Day - AMSC

Index	Close	Change	% Change	Trend
Dow Jones	10441.12	-10.88	-0.10%	SIDEWAYS
S&P 500	1109.18	+1.25	+0.11%	SIDEWAYS
Nasdaq	2206.91	+5.86	+0.27%	SIDEWAYS
Russell 2000	611.21	+4.90	+0.81%	SIDEWAYS

FYI, I own a small “pilot” position in AMSC bought on breakout at 36.85. If the market confirms its uptrend, I’ll add to it.

Trading Addicts.

Stock Breakout Of The Day - VISN

Index	Close	Change	% Change	Trend
Dow Jones	10452.00	-49.05	-0.47%	SIDEWAYS
S&P 500	1107.93	-6.18	-0.55%	SIDEWAYS
Nasdaq	2201.05	-11.05	-0.50%	SIDEWAYS
Russell 2000	606.31	-3.48	-0.57%	SIDEWAYS

Chinese small caps remains the theme of the current market. So here a small-cap play, you might want to keep on your watchlist:

Next 2 weeks should not be of any concerned as far as the bearish sentiment goes. But watch out for January. Another reason I’m concerned is because financials just refuse to participate in any sort of rally. Take a cue from our favorite market leader, Goldman Sachs (GS). GS has been breaking down below 200 DMA. So be prepared…

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Watchlist For Santa’s Rally

Symbol	Trigger Price	Reason
ASPS	17.60	Nice looking long base
BUCY	55.10	Extended from 50 DMA. Needs to pullback a little here
CAGC	21.10	Broke out on 12/1/2009 on huge volume
CLW	51.90	Long 3 months base
CML	22.60	Moving sideways after breaking out on volume
CREE	48.75	Broke out on 12/1/2009 on good volume
CRM	66.00	Sideways above 50 DMA
CTRP	73.00	Acting real strong after breaking out
CYD	12.25	Chinese play gaining momentum after breaking out
DGW	43.00	Chinese play on clean water. Forming a base here
EPAY	16.50	Breaking out on 12/1/2009 on huge volume
FFIV	50.60	5 weeks of basing pattern
FIRE	23.65	Forming a base of over 12 weeks after getting back above 50 DMA
GIVN	18.00	Moving sideways after breaking out on volume
GSIC	22.65	Broke out on 12/1/2009 on good volume
HRBN	21.90	Breaking out of a cup /w handle pattern
IMA	43.20	Forming a basing pattern
JOYG	59.50	Forming a basing pattern
OPLK	18.25	Extended after breakout but pulling back here
PWRD	50.25	Forming a base of over 7 weeks
RINO	27.20	Extended after breaking out on huge volume
SDXC	18.85	Broke out on 12/1/2009 on good volume
SIRO	30.80	Over 8 weeks of base forming here
SLH	36.65	High tigh flag of 3 weeks after breaking out
SXCI	53.50	Forming a base of over 8 weeks
TDC	31.25	Big volume rebound from 50 DMA
TDG	44.50	Seems to be forming a cup /w handle pattern here
VIT	20.10	Living dangerously near 50 DMA. Needs to firm-up
VNR	19.00	Forming nice base above 50  DMA
VPRT	57.00	Broke out on 11/30/2009. Wait for pullback
VRSK	29.35	Still range-bound between 26 and 29
WCRX	24.60	Broke out on 12/1/2009 on good volume

Still holding GS shorts from 177. GS has been acting real weak so keep an eye on it to get the overall market trend.

Trading Addicts.

Stock Market Update: Housing Woes Continues…

Bad news for housing sector continues as the market tries to find a footing near the new highs. There hasn’t been much going on in the market lately to make it more interesting. It has been a chop-fest at its best. I think the market will exhibit some kind of uptrend heading into the seasonal strength up until new year.

Today’s big drop in major indexes has put the market under pressure and it remains to be seen if the uptrend can resume.

Index	Close	Change	% Change	Trend
Dow Jones	10332.44	-93.87	-0.90%	DOWN
S&P 500	1094.90	-14.90	-1.34%	DOWN
Nasdaq	2156.82	-36.32	-1.66%	DOWN
Russell 2000	585.68	-14.47	-2.41%	DOWN

Some of the leaders like AAPL, GS, GMCR, CRM, SXCI, RINO, DGW and LFT have come under pressure and are still holding their fort close to 50 DMA. Keep them on your radar and see how the market acts for any hints. I’m currently holding GS on the short side which has been acting real weak after the follow-thru day on Nov. 9. As a matter of fact, financials have not participated in the last uptrend at all. This should be of some major concern going forward.

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