Stocks Put In A Weird Session As It Was Bullish Overall But Bearish Intraday; Nasdaq Closes Lower Than Where It Opens
July 31, 2009 | Comments Off
I had a few Internet problems today during the market hours and therefore took a detour on some other projects so I apologize for the brevity in my market analysis.
The truth is that I continue to have the same problem I have been discussing for a while now. When people ask me why I am [...]
It Sure Is Nice To See The Market Take A Breather On Mixed Volume; Pullbacks Create Proper And Beautiful Bases
July 29, 2009 | Comments Off
The SP-500 and the Nasdaq both pulled back today but volume was heavier on the SP-500. While that might seem bearish, and technically it is a distro day again, to the trained eye is actually another bullish intraday session.
Once again, the SP500 pulled back intraday only to reverse off the lows putting in a [...]
Another Very Mellow Intraday Session Ends With Indexes Mixed On Higher Volume; Volume Continues To Be Below Average To Average
July 28, 2009 | Comments Off
I tell you what when the market doesn’t move much intraday for a long period of time it sure does get more difficult to decide what you want to talk about. However, I really don’t think that there is much you can talk about except for one thing: for a market moving up in such a slow steady fashion, nothing is steady about this market. First case in point you can refer to USU and the second case in point you can refer to UTA.
First off, USU got crushed, for a good reason. However, in a bull market you normally don’t see these type of destructive reactions and see them so often. Remember ADY over two weeks ago or how about COT or ITLN yesterday. This action along with USU sure does make it hard to believe I am in a bull market. Do you think I saw this in 1999, 2003, or really anytime from 2004-2007 (early 2007 as around mid-year the fakeout breakouts started showing up)? If you said no, you are right. This was not normal. In fact it is not normal to have rallies with this many DISASTERS and you can be sure that is what these are disasters. Luckily, for once, for me, I have not been hit by any disasters that crush my accounts. Instead I continue to find my way into mediocre picks that don’t do much (at least it makes me money) but at least keep me from having a heart attack.
While all of this goes on, I am out there with my eye on some possible beautiful buys. The problem is though, historically, you must wait for a base, setup, and breakout. Well right now we don’t get a base or setup. We just get breakouts. Case in point with UTA. UTA is a stock that I have been watching since it made its way to the Nasdaq. Shortly after being listed it started rising on strong volume with green BOP. In June after the initial rally it pulled back on lower volume to beautiful support that then saw it take off 38% in 3 days on strong volume. This got my eyes on it hard. Now I want to buy the breakout. As I watch it base all looks well until 7/20. On 7/20 the stock decides to make the right side of its base all in ONE DAY. While it did not complete the right side, it was still up over 19%, putting it in a position of extreme overbought. What followed was very well received by me as it went sideways for five days. Sadly during those five days it did have two heavier volume reversals that sent BOP back to yellow. However, before the fifth day hit it was back to green BOP. Basically, the base was looking good. Then all of a sudden today the darn stock shoots up over 20% in one day. If you were following the stock intraday, you more than likely were able to buy near the pivot and now have a wonderful little gain in a HOT stock. However, if you are like me and unable to watch intraday you are now sad that your breakout went too far too fast. Welcome to our new stock market of 2009!
Constant Below Average Volume Gains Are Leading To Some Winners To Crash Hard (ie…COT); The Leading IBD Indexes Pullback, Hinting At A Tired Market
July 28, 2009 | Comments Off
FREE YouTube Video to teach you how to interpret the market CORRECTLY:
I think my video says everything that needs to be said about this market. Subscribers, as you can see, once again, the FULL website is updated. It feels GREAT to be back!!!! Thank God I am back to 100%. [...]
Another Bullish Week Ends With A Mixed Close With Big Caps Leading; IBD And NYSE Indexes Lead
July 28, 2009 | Comments Off
I have to admit, even though the market continues to rise without helping us out by creating nice proper bases, the daytraders are still having a ton of fun. If you like to watch the market intraday (or have time to do this) you are probably doing very well (if you are experienced) buying breakouts [...]
Another Bullish Week Ends With A Mixed Close With Big Caps Leading; IBD And NYSE Indexes Lead
Video One Going Over The General Market Is Up For Subscribers
July 28, 2009 | Comments Off
In the forums. My video technician, like my web developer, first top assistant, and other associates are ALL on vacation or in an impossible situation currently to work from. The truth is so am I but I have to keep us making money even if the market is getting a little absurd. However, the only [...]
Video One Going Over The General Market Is Up For Subscribers
Great News Everyone! I Am Back To Full Operational Functionality
July 28, 2009 | Comments Off
Sorry for the MS attack on my legs coming at the same time as some other rough spots including MASSIVE FATIGUE. But I think we are fully up now and there should be no more errands or distractions…for at least another month. Then I have to go to the Big Island for family and business. [...]
Great News Everyone! I Am Back To Full Operational Functionality
The Strong Volume On The Nasdaq Gives Some Extra “Good” Feel To The Daily Rally; Another Bullish Intraday Move Proves We Still Have A Bullish Tape But…
July 28, 2009 | Comments Off
I DO NOT KNOW WHY THE POST FROM YESTERDAY DID NOT SHOW UP!!!! BUT HERE IT IS. HOPEFULLY THIS PROBLEM GETS FIXED. THANK YOU AND I AM VERY SORRY FOR THIS MISTAKE. UGH.
…If you are not already long, there are not a lot of stocks that are holding up in “safe” buy patterns [...]
Strong Day Of Gains Comes In Mixed Volume; IBD Indexes Lead Again
July 28, 2009 | Comments Off
I do not need to be a stickler on the details, but it was a nice session overall if you were bullish coming in to today’s session. If you were just looking to get long for the first time today, that might have been a bit scary but as you can see the right way [...]
Strong Day Of Gains Comes In Mixed Volume; IBD Indexes Lead Again
Aloha Sleepy Traders To A New Week; A Weak Move Friday Means We Remain In An Uptrend Off The March Lows
July 28, 2009 | Comments Off
It has been a little crazy over here for a while now and I did need some bad time off with some damage done to myself (I have Multiple Sclerosis) this week. I do not receive the best medical care on Maui, obviously, and that meant a lot of just down time off my feet. [...]
