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Joshua Hayes

It was clear from the start, Small Caps were leading the way at the beginning of the third quarter.  Mixed employment figures from the morning held back stocks until ISM released its manufacturing report showing an increase over what was expected.  Small caps and the NASDAQ began to soar on volume as traders rushed in.  Over on the NYSE stocks pushed higher but it was clear institutional players weren’t involve over on the NYSE.  By mid-day stocks were looking very good, but volume subsided and stocks were being sold off in increasingly lighter trade.  The day ended with stocks in positive territory, volume on the lighter side, and Small Caps holding up relatively well given the light... Read more »

The second quarter ended in bleak fashion as institutional investors were busy selling holdings.  A drop in consumer confidence didn’t help stocks as higher oil prices and economic uncertainity were major factors for the drop.  There wasn’t many places to hide on Tuesday, except for leading stocks.  The NYSE indexes suffered heavy volume selling throughout much of the day only to see late day support.  Over on the NASDAQ volume was subdued for much of the day until the last 5 minutes when a rush of volume hit the NASDAQ.  Quarter end window dressing was nowhere to be found on Tuesday.  With the quarter end behind the market and earnings season upon us it’ll be important... Read more »

Small caps suffer the Russell Rebalance hangover while the S&P 500, Dow Jones Industrial, and NASDAQ enjoy gains on lower volume.  Volume fell sharply from Friday’s inflated levels and was even lower than Thursday’s level.  Monday’s action did resemble typical window dressing action the market experiences at quarter’s end.  Leaders were mixed, but the positive action outweighed the negative action.  The leaders that were down did find support at key moving averages.  Dealing with Friday’s Russell Rebalance the market held up relatively well with key leaders showing strength. One day does not make a difference and more than likely Monday’s shouldn’t... Read more »

After Monday’s session it appeared the market was D.O.A. However, even though I cut losses in all stocks not showing me gains or cut back in stocks with gains that I had not taken any profits on, it doesn’t mean that I just go “dark.” Jesus Christ, you can’t do that in this market! What are some people thinking? Scary. Anyways, by Thursday, every single Platinum member, along with me, realized a MAJOR BULLISH REVERSAL occurred. Hence we had 20 new longs for Friday. 18 of the 20 were up. The two that were down, one is a full sell and one is a part sell and we will move those small losses into stocks that might setup like the next CHLN, CHBT, or ISTA for me. Even I... Read more »

Stocks started the day in the red when jobless claims rose higher than expected.  Final first quarter GDP was released showing a drop of 5.5% rather than a loss of 5.7%.  It was the jobless claims that spooked traders at the opening bell.  The red quickly turned to green as stocks found support and were bid higher thoughout much of the morning.  Volume ran higher than Wednesday’s trade but remained well below average daily volume.  Once again, it appears the big institutional players are simply sitting on the sidelines and continue to wait for an opportunity to get back into the market.  Thursday’s action is not the type of day that would get you extremely bullish, but it was... Read more »

Big Wave Trading News

Today’s early session was very bullish for our longs and the amount of beautiful speculative and CANSLIM stocks setting up in long-term chart patterns, that silly short-term traders are still focusing on for the little intraday moves, bodes well for position investors. We now have hundreds of potential longs out there and are finally starting to compound on our longs with them setting up in multiple buying positions. If we are going to end up with those ‘past big winner’ returns,... Read more »

Market Speculator

By Market Speculator Once again Crude Oil took a major blow Monday as well as other commodity prices.  The IMF revised its growth causing panic in the World Recovery thesis.  Technology stocks also took a tumble Monday as investors were fleeing technology names.  Stocks were simply sold today as sellers wanted to cut loose at all costs.  Closing at the lows of the day is a signal that sellers are in full control.  Leadership has been showing weakness for the past two weaks and is finally beginning... Read more »

Strategy

There is simply no better software that I use to scan the market than Telechart. This program allows me to consistently beat the market by using the proper price and volume tools that this program gives you for such a low price. It has not been named best software under $500 a year for almost 15 years in a row for no reason. This software comes with the proprietary indicators of TimeSegmentVolume, Balance Of Power, and Moneystream that you can not get in any other software package. Though I do not... Read more »

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