Without anything happening today that changes anything in the markets, I think it would be a waste of my time and yours if I put a bunch of junk up here that was just words to fill up a page. Kind of like most of the stock market commentary I read out there. There sure are a lot of long-winded people like me out there. Anyways, if you are at least a silver subscriber you have plenty to read on the new silver longs/shorts sections as I have typed out a few important notes over there.

For those that will still be here on Friday (a lot of our chat members have already checked out), I hope you enjoy trying to stay awake. Because that will more than likely be the call of duty for us tomorrow. I would not be surprised if volume is near the lowest or actually is the lowest day of the year and if we can move more than .5% up or down I will be floored.

I will be in the chat room during my usual 630am to 700am HST arrival and we will still go over the charts like always, even if there are only a few to look at. But if we have more than a baby bump on our south shores with a new weak south swell arriving, I might just pick up my boards and run out to my favorite breaks/beaches and hope for the best. If there is anything I dislike doing more than watching a dull tape intraday, I can’t think of it now. Not only would I NEVER!!!! watch CNBC EVER again (because I like to make money; not get a “good” [shitty] story).

There will definitely be a weekend post for Thursday, Friday, Saturday, Sunday, and Monday. I plan on having it done by Saturday morning. But Sunday morning will be the latest.

Thank you Veterans for everything you did to make this country the greatest country in the world. I am sorry the liberals and some rogue republicans have decided to hijack freedom and turn us into a socialist state. I still will never forget the battles that you fought and won that allowed me to have a GREAT childhood, teenage years, and early adulthood. I am obviously very worried about my future with these tax and spend PIGS that are running for the highest office of the land. But I am VERY THANKFUL for the opportunity to live in a country where a black man, a white woman, and a war veteran can all have a chance to become the next President after taking a question from a gay heavily tatted-and-pierced shemale on Youtube that cares more about the rights to have sex with animals than the rights that we have to defend ourselves against islamic fascism that is VERY REAL.

NEVER FORGET!:

“A people that values its privileges above its principles soon loses both.” — Dwight Eisenhower

Aloha! I will see you this weekend with a nice market commentary will hopefully help you understand that some markets are made to make a TON OF MONEY and some are made to MAKE YOU QUIT!!! Which one do you think we are in now? I know the answer! Do you? I hope so. By some of the horror stories I have heard the past few months, something tells me some of you don’t. See you in the chat room!

No matter what, though, I will be locking in gains in a lot of stocks that initially have made big moves but have given so much back in a few short days that we must protect some gains just in case they become losses. So there will be a lot of selling tonight but if I am long a stock and it is still in an uptrend above the 50 day moving average there is no way I am going to sell it all.

Is this action disappointing? You better believe it is. Am I surprised? No. I have been telling you that there are no more perfect charts, have warned you about all the perfect charts turning into mediocre charts, and have been complaining about the low volume rally.

My only fault is having hope that a low volume rally could turn into a higher volume rally. I hope this is only a blip but, dang it, since the blip is happening right here after we started to get some nice gains it makes it pretty disappointing. I know I am bumming over today’s action. A lot of gains have slipped away and discipline that has allowed met to hold stocks for HUGE GAINS, unlike ANYONE I have ever read on the internet or have met, is also hurting me now as those gains are proving to be short lived.

Right now, things look depressing, but after going over my charts I will return with another in-depth market commentary. For now, I am bumming knowing that the short rally could be over. However, this could turn around tomorrow and we might be back up 1% on the Nassy, 2% on the IBD100, and 3% on the SOX. That is why you MUST remain neutral with your market opinions right now. Take each stock on a case by case level. That is what I will do tonight.

Also, don’t forget the NYSE short-interest has hit ANOTHER all-time high at 13.66 meaning that it would take 14 days to cover all the shorts on the NYSE right now, on average volume. Even without volume, the market has an upward bias and I do not want to short a low-volume market especially when the short-interest are at astronomical levels in so many stocks. That is how you end up with MXC and PDO.

At the same end that I don’t want to be short or not long this strong market, I suggest that those that CONTINUE to buy stocks the day before earnings STOP. I always take my signals on my charts, almost NO MATTER WHAT. This takes all emotions out. But when I saw that PWRD had earnings my total buy that I had planned for Monday morning was chopped by 90%. Those that were in the chat room KNEW I did this. However, those here couldn’t have but I made it clear that this stock was not safe to go long for newbies. Thankfully, I did not see any horror stories about PWRD. But I am still disappointed as I thought I had myself a possible monster stock. But since it has failed, the last thing you will see me do is justify a WRONG position and hold on to it “hoping” that it comes back. Nope, that stock, along with GA, must be taken out. BOTH of those stocks show why buying a move the day of the earnings is a bad idea. Both charts setup up a buy signal the day before earnings and had I FOLLOWED MY OWN RULES I would have a little bit more money in my pockets.

The good news is, every other large holding, besides PWRD, acted fine by pulling back on lower volume or if it had lower volume on the pullback found solid intraday support. Even with a lot of stocks looking great, I still decided that I wanted to take some profits in some stocks that have made big moves in a short period of time. The last and only perfect chart had an event happen to its setup that no longer makes it perfect. Oh well. That is a low volume, low VIX, and ETF filled market for you (sigh).

Oh well, like I said this weekend, I am prepared for anything. No matter what happens, I am ready. That means either I continue to buy great setups and ride my winners higher or I start cutting losses, taking profits, running to the sidelines and looking to get short. When you are prepared for any outcome, nothing can surprise you.

Despite the reversal, stocks are still in an uptrend but like I said some cracks are starting to appear. Did you see DRYS, DSX, and EXM today? That is not bullish. That should NOT be happening as they go to retest their old highs. If they don’t fix that and get back to rising on strong accumulation with green BOP, then I will not be interested in going long these leading stocks. Great fundamentals or not. No matter how great the fundies are, if the chart is not there, I will not be there.

Please, if you did not read my three weekend post, please read them carefully. That should put you on top of this market and when you are on top it sure feels nice. Although, it sure becomes real hard to stay up there. But that is what makes it so fun. Never give up the fight to become the best. To be the best you will always have to stay vigilant to stay on top.

By the way, if you did not know, I had my first Seeking Alpha article posted on Monday. It was also posted at iStockAnalyst.com which is publishing me too. Though they are both the same columns, soon Seeking Alpha might be FA only and iStockAnalyst would be FA with TA. We will see. I am going to start slowly. But the goal is to get 3 up a week in SA and 3 up a week in iStockAnalyst and StraightStocks. At least I now have a place to submit columns. However, I am not sure SeekingAlpha will continue to let me use the charts. Check out the column and feel free to rate it. At one point yesterday it was the fourth most popular column and being a new guy I would assume that is pretty good. I hope SA hears you all and gives you what you want. If they don’t we still have the other two.

Aloha and I will see you in the Chat Room where EVERY day is a bull market!

I asked O’Neil which he would pick: a perfect chart in a stock with 70 EPS and 95 RS or a well-formed chat that is a bit wild, has some distribution, and other flaws but had a 99 EPS and 80 RS. His response was that you go with the stock with extremely strong fundamentals yet flawed chart. That is why TITN was a large buy yet has nothing but red BOP for the month of April.

Market commentary will be up before Sunday. Pray that I can get one more day of AMAZING surf. Yesterday was really fun and the biggest I have seen Breakwall in the eight years I have been here. It was incredible. I surfed guardrails got some good waves but they were less consistent so decided to go to Breakwall where I believe the waves were not only the strongest I have seen but the biggest I have seen on our south/lower west shores. I have been out on big waves up north but not in my backyard. They were so big I actually got hurt (which is the best as you know you pushed you li!!! I skegged my quad three days ago and somehow getting out from Breakwall today I hit a big coral reef and put a gash in my heel.

I LOVE SURFING!!!!! It is 10x more fun than doing this!!!! I have chosen this lifestyle instead of being a NYC or Chicago hedge-fund manager. Remember that everyone. I am doing this to help you all. To save you from the LIES of wall street so that I may guide you to Investors Business Daily. Once you learn how to use the CANSLIM system you will FOREVER be free from the lies, opinions, and HATE that comes out of wall street.

I don’t know about you, but I would rather only spend 2-3 hours a day doing this so that I can be around my wife, kids, and other family members. Those that like looking at a stupid computer screen all day, well, I don’t know what to tell you other than enjoy that lifestyle. I will be getting tubed and spit out the end of a Shark Pit barrel which is 100x more fun than ANYTHING I EVER did in NYC. Life is good.

Commentary before Sunday morning.

PS: Al-Quaida don’t surf and neither does fat Sandy Wright WHO IS STILL SENDING ME EMAILS. Isn’t this harassment? Thank God I don’t live in NYC, I would have a NUT BAG STALKER. What a dangerous women. I would classify one other reader as dangerous but at least he is NICE!! Sandy is just EVIL with her bitterness and anger. Her emails are really sick and I am sorry for bringing this up everyone but if you ever wonder why I get upset it is probably because one of two things happened. 1. The people at thestreet.com just told me that they will not fix an error THEY COMMITTED on my column (yet, of course, when I make a mistake they JUMP ALL OVER ME!). If you notice the IBD100 chart has the top on the thumbnail version. No big deal. But I asked for this to get fixed. He said they are too busy to fix it. Sad and disappointing and yet another reason I left NYC.

Sometimes I forget why I left then something like this happens and it reminds me why I am on the warm, sunny, breezy, and beautiful island of Maui.

The #2 reason would be someone like Sandy Wright sends me an email. There was no reason to send an email and start saying HATEFUL things like she did because she HATES Israel. Sad and pathetic. Seriously, this woman is a major buzz kill and whenever I see that NASTY womens emails in my inbox I get upset. So if TSCM and the UGLY FAT mean women would stop being such buzz-kills LIFE WOULD BE PERFECT.

I have NEVER had such a stupid human like Sandy Wright come across my path. I have NEVER had someone see all my 300%, 500%, 1000%, and 2500% winners and still said “he is going to lose you money.” How? How am I going to lose ANYONE money when I hit so many winning/monster stocks in bull markets, advocate cash in bear markets, and tell them not to go long stocks in a downtrend or short stocks until you make money on longs? This is why it is upsetting. I am not used to this and eventually HUMAN GARBAGE like DUSTY WRONG (Sandy Wright) can just be completely ignored. But for now, I think ALL OF YOU deserve to know why I get so upset sometimes. I am truly trying to do my best to change your lives for the better so your children and their children will never have to worry about losing their life to terrorism. When you have money you can go anywhere in the world. You can do anything when you make a lot money. I love charts!!! I love the stock market!!! The byproduct of that is that I make a lot f money. And I don’t like keeping it. Giving it away is something I love to do.

So when people like Sandy CONTINUOUSLY send me nasty emails I really lose my cool. one day I will treat like I treated the drunks at the poker table. Ignored them and waited till they left the game. I have a feeling NASTY SANDY will be the same way. How can you be so EVIL when ALL I want to do is do EXACTLY what James DePorre is doing: SAVE YOU FROM THE LIARS ON WALL AND BROAD. NYC is full of lies and deception. This is where Sandy Wrong resides. She is the reason comments are disabled. NO OTHER REASON. She is the ONLY NUTJOB that blast me with emails when I don’t ask for them. Sandy, I am going to ask you one more time, LEAVE ME ALONE, STOP SENDING EMAILS, and STOP READING MY BLOG.

I love life, you HATE life as you said in your email about the Jewish people. Your comments were DISGUSTING and I have no time for them. I might not be perfect but I went from NOT believing in God to a Believer. Let me be that way and DO NOT send me ANY MORE NASTY EMAILS YOU WICKED/EVIL/TWISTED woman!!! Let me grow in my faith without YOUR hate! This will be the LAST time I talk about this HORRIBLE woman. She really ruined my Friday as her emails were LOADED with hate. I only want love in my life. I have no time for you Sandy. Leave me alone.

If I have helped you and you have found me helpful please help me get it through sandy_wright67@yahoo.com THICK SKULL that she needs to stop sending me emails and harassing me immediately!

These rules aren’t based on our personal opinion or those of Wall Street’s experts. IBD built detailed models of all the most successful stocks every year from 1880 to 2005. We analyzed their common characteristics, what factors existed before these very best companies had huge advances and how these factors changed when the stocks topped. So these rules represent how the market actually works. If you ignore them and rely instead on personal opinions, feelings or emotions, you are potentially arguing with how the market has functioned for over 120 years (IBD has 50 but OBVIOUSLY that is not right) and you will likely make more costly mistakes.

The pullback in the spoos (up on IBD) and small gains (on tcnet; on IBD and RM I show small losses) by the nyse and nassy were very solid overall as volume did dip. However, a lot of strong CANSLIM stocks that I went long yesterday went from looking great with strong gains to looking OK with good gains by the close. This is not how leading stocks act at the start of a brand new nine-month “time to get filthy rich” bull market. This is instead how bear market rallies develop. Could it turn into a bull market? Sure. But it is still going to have to prove itself by making strong gains on heavy to huge volume. Volume under the 50 day volume average is your clear tell that only amateurs are trading (you and me). The professional money has only come off the sidelines four times last month in the Nassy.

Until these guys start moving the market one way or the other, you would be FOOLISH to load up on anything long or short. Nothing has changed today from yesterday. I still have NO HOT CANSLIM or speculative long charts. I only have about 50 really good looking charts. And even the best looking ones are losing technical strength. So this is still not a market I have ANY interest in being heavily long. I remain around 70% cash with ONLY 5% short (how does this make me a perma-bear, Wendy/Sandy Wright?) with the rest of the port in longs.

The fact that we held on to yesterday’s gains on lower volume is overall bullish action in the short-term. Light volume minor pullbacks or consolidations are exactly what you want to see. However, you also want to see higher volume on the rallies and right now we do not have that which means there is NO WAY it is safe enough to build longer term positions here. If you are a daytrader, whatever. Do the stupid game you do. I have no interest AND NEITHER DID THE GREATEST STOCK MARKET INVESTORS OF ALL TIME!

We still can not build on strength and the lack of HOT charts setting up still have me cautious overall as I never trust a low volume rally. However, if RIMM can get the bullish mood back tomorrow and if volume comes in higher AND I CAN FIND AT LEAST SOMETHING SETTING UP IN A NICE ROUND, MAX GREEN BOP, HEAVY ACCUMULATION FILLED BASE, I would love to get long stocks that look like my ‘past big winners.’ However, I will not compromise my methodology simply for the sake of trading. And the fact that there are no GREAT charts out there has me a bit nervous that this extremely overbought market can continue to rally. I am not all of a sudden going to start bottom fishing with that backdrop.

I have a lot of charts that with another month of bullish consolidation with green to max green BOP could turn out to be fantastic longs in the future. But for now B** and B*** are the only two stocks that come close to looking anywhere near-perfect. The problem is that the bases are a bit wild (not smooth and round) and simply are not long enough. So it would be at least a month before these OK charts turn into great charts. Another chart that looks really great now that I am long is G**. Too bad the security that I am long is too thin and the breakout is from a volatile base or else I might have found my first perfect chart since APPY and RICK late last year.

So to wrap this up tonight, remember leading stocks for a second day in a row still showed lackluster action that should have NONE of us professionals excited. Most of our leaders are stocks that we are all very familiar with especially if you were long oil, steel, oil, and metal ore stocks back in 2004-2006 LIKE ME. While Cramer is JUST now figuring out AUY, I was already long this one for a 138% gain from 12/1/2005 to 5/9/2006. My recent long was at the time OK but the volume was NOT accumulation after all, It turned out to be churning and now the stock is selling off on HUGE distribution. A weekly chart makes this clear and I believe AUY might just be Cramer’s next C, SGP, and IMA. I have saved you from those three. And I am trying to save you from this fourth one, if you are one of those long AUY now.

Some leading stocks that are leading right now are FST, SWN, SII, TISI, ATLS, ATN, VIP, and one of my FAVORITE longs from yesterday that was up 4.86% today. I am sure this solar stock, if this is a bull market after all, will do much better than URS, BYI, LEH, or any other SHIT bank stock that so many amateurs are focused on.

Speaking of solar stocks, this would be the one area of the market I would love to see leading as this is a VERY innovative and technology based exciting industry. However, besides the stock we went long in good size (for a bear market) yesterday, JASO FSLR CSIQ which are the big leaders rallied on lower volume, just like the day before. But TSL SOLF ASTI are all making strong gains on heavy volume. Overall, I must say the way these charts are building their bases now, if the market has bottomed, in about a month, these are going to be some HOT charts.

The problem with these right now, like I said, is that the low volume rally in the leaders is much lower than the huge volume on the selloff that led to this recent rally. ASTI on an arithmetic chart (a great winner of mine with a 180% gain from 9/4/07 to 12/28/07–sadly this was a very tiny position as it had fooled me four times before back in April 07 and June to July 07. CSIQ is starting to build a HOT green BOP filled base but the base is too deep and choppy near the bottom. This stock will not be nice until it can calm down and chill out. FSLR is wedging on VERY LOW volume after a very heavy selloff. I need a low volume pullback and then a heavy volume bounce before going long. TSL is just horrifically too deep within its base to be considered for any position. The same goes with SOLF. And JASO is also way too deep and needs more work on its base. We need to see more heavy volume on the rally and less volume on the selloff. Right now, our best innovative technology driven sector is looking better but besides the one stock I am long nothing looks right yet. Everything needs more time.

Aloha and I will see you in the peaceful chat room where everyone is grown up enough to not randomly post comments on issues and subjects they know nothing about. The comments will remain disabled for at least 30-60 days after a horrible human named Wendy/Sandy Wright made a COMPLETELY ABSURD statement/comment on me being a “perma-bear” and that I would “lose you money” when I have a LIVE-REALTIME 2005-2008 track record (mauitrader.blogspot.com) that proves I have made a lot of money while finding more than enough winners to have made a lot of other people rich.

People like sandy_wright67@yahoo.com makes this not fun. Like I said, I have been through a LOT in my life. I should NOT be alive!!!!!!!!!!!!!!!!! There is NO FREAKING way I should be here. If my dad would NOT have been a doctor, you would NOT be reading this today. Another doctor KILLED ME for almost two minutes (flatline–no pulse at all) and my dad STORMED into the OR and SAVED MY LIFE!!!! A simple apendix surgery turned into a life-and-death situation after the doctor cut my mesentery artery in half. Besides that I have had a gun to my head and two MAJOR car accidents, before the age of 20, that have left permanent injuries for the rest of my life. And you think I am going to waste my day on pathetic human garbage like Wendy/Sandy Wright? No. I would rather continue to thank God in Heaven for my wonderful cake life on Maui, scan my beautiful charts that I love so much, enjoy my life, enter my orders, and then help everyone take their own financial independence into their own hands.

I love surfing, I love the sun, I love the ocean, I love my charts, I love the stock market, I love watching sports on TV, I used to love looking at hot girls (I have a GREAT gf so there is no need), I love snorkeling, and I love being over 6000 miles away from NYC and still outperform the jokesters that work on the floor. I love my life. Why or how some of you can come in here and post the shit you do without first studying my past big winners and reasearching on your own my 2004-2007 past big winners for yourself by doing a SIMPLE commentary search (at the end of almost EVERY!!!!! commentary I post my best current holdings) is just severely depressing. It doesn’t happen often but when it does it makes me realize why SO FEW do what I do. It isn’t worth the BS some horrible humans like Wendy/Sandy throw my way.

My life is a living testament to this strategy. I have turned NOTHING into something. And do NOT think my dad (the doctor) had anythign to do with this. He died WORTHLESS!!!!!! Broke as a joke. The house, his clinic, his cars were all taken to pay off debt that STILL EXIST to this day. His death was my nightmare as he opened a CC in my name and moved balances from his last wifes account to my account. So before my dad died broke, he decided to leave me with $75,000 in Beth Hayes’s debt. And you wonder why I don’t put up with the shit from HUMAN GARBAGE like Wendy/Sandy? My life has been FUCKING HELL. Thank God I was good looking and a great athlete, or God knows I WOULD BE DEAD and NONE of you would EVER be able to pounce on the next TASR as I still have not found too many (Dan Zanger, James DePorre, William J O’Neal and the rest at IBD are the few I know) that can find these winners. In every powerful bull market, so far, I have done well and I pray that we can have one within the next 6 months to a year so that I can help all of you make your wildest dreams come true and you take financial independence by your own hands.

If it seems like I am mean, you simply don’t know me, and that is a shame. If you think Chef Gordon Ramsey and Bobby Knight are too much, then stop reading my site. You get what you get. I am NOT the same SCAM artist that exist up and down wall and broad. I am 29 going on 13 and I have a lot of money. Maybe when I am 50 and running OPM I can be nice and sweet for you soft newbies that are clueless to this methodology that HAS PROVEN!!!!!!!!!!!!!!!!!!!! to work since 1880. The greatest stocks, every year, every decade, in every generation show the same fundamentals and chart patterns. There is nothing new under the sun. What worked in 1880 will work in 2080.

Right now, this market is completely OK with me. In fact, I hope we go nowhere for the next 12 months. That way I KNOW my beautiful, max green BOP, heavy accumulation stocks that build perfect bases with very strong fundamentals will not only show up but will return MASSIVE gains as I am sure going nowhere would build some kind of fear as folks realize the market is “never going to rally again.” Then those people can give up and I can get my next TASR USNA SINA SOHU NTES SSYS EVOL EPIC IST FMDAY DSTI AFSI BOOM ERS AAPL FSLR KNOL EGHT HRZ ATVI CRUS MGIC ISSI COCO MGIC PARD ZEUS AFSI TESO PTT MAMA RICK APPY LMLP MRVC GNSS stocks (these are my HUGE winners that were big positions from 1999-2008).

Aloha and I will see you in the chat room where I THANKFULLY due common sense and maturity do NOT have to deal with the freebie free-for-all that goes on here, in Rev’s blog, Cramer’s blog, and other websites. ALOHA!!!!!!!!!!!!! Pray for surf. I need something more exciting than this market and all the babies that are bitching about it.

Nobody in their right FREAKING mind knows if this is the bottom or not and to be honest volume is NOT being confirmed on the indexes but I do have some nice charts and if they build on this those charts will become great charts and I can then go back to KILLING the performance of the bottom callers. For now, they may be have gotten this bottom right. Too bad they will be going long the wrong stocks, while I will be going long our new leaders: G**, S***, M***, A***, S***, B**, S**, B**, and M**.

The charts in those stocks are not perfect but if this rally can start here and move higher to sideways for another month to three months, these charts will be beyond hot and while the idiot bottom callers are focused on their C, GS, BSC stocks, I will be getting my 300% returns again. Why not 500%?…………LOOK AT THE VIX!!! 22.638.

If this is a bottom, this is NOTHING like 1999 or 2003. This market will have bottomed on a day when the VIX is 22.68. That would be the first time that a new powerful bull market EVER started without the VIX hitting 40.

Enjoy this rally. We have some nice charts. But until those nice charts become HOT, there is no way I will be as stupid as Wendy and say “this is the bottom.”

Anyone that makes statements like that is a retard. ALOHA!!! I will see you tonight when I pen another commentary that Wendy can attack.

By the way, Wendy, did you review my old-blog and go over all my past big winners from 2005-2007? I am sure you did not. But sufice to say, I am sure it makes your account look pathetic!!! Anyways, I will be back tonight to pen a piece for those that actually appreciate the fact that I don’t make predictions like other donkeys on CNBC, TSCM, and the internet.

Long: ME!!!

short: Wendy and all the other stupid bottom-callers. These idiots will NEVER understand that to make the big money, you do your BEST to avoid calling/picking tops and bottoms.

See you later!!