An Excellent Day Of Bullish Action Gets Hit In The Last Hour Ahead Of AAPL Earnings; Ours Long Hold Up Like There Was No Selloff Which Could Indicate Leading Stocks Are Ready To Take Over
April 22, 2009 | Comments Off
By Market Speculator
The last 30 minutes told an interesting story as much of the day stocks were enjoying gains on higher volume. Growth stocks were leading the way along with Small and Mid-Cap stocks. However, sellers began to flood the market and knock down AAPL during the last 30 minutes of the session. The company was set to release earnings after the bell and traders got nervous about a “miss.” This sent a shockwave throughout the market sending most stocks near their session lows. Not all was lost, majority of leading stocks held onto their gains suggesting growth investors are willing to hold onto winning stocks.
NYSE indexes were slapped with a distribution day, but the NASDAQ and others escaped with gains. It is clear the Small/Mid-Caps as well as the NASDAQ are the leaders of this market. Even on a nasty sell off it was encouraging to see these indexes finish off in positive territory. In addition to these major indexes the IBD indexes held up well. Both the IBD 100 and IBD 85-85 were able to hold onto their gains and finish with higher volume. The IBD 100 has been in a nice consolidation pattern for the month of April, it will be nice if it can clear this consolidation’s high on strong volume.
Excellent Day For Our Longs As Stocks Bounce Back Nicely With The Nasdaq’s Price Pattern Engulfing Yesterday’s Price Pattern
April 21, 2009 | Comments Off
I NOW LEAVE YOU IN THE HANDS OF JOHN WARD AND CHRIS MAYE. SUBSCRIBERS WILL FROM NOW ON GET A PERSONAL DAILY MARKET COMMENTARY ON THE GOLD FORUMS UNDER THE GENERAL MARKET AREA. CHRIS MAYE AND JOHN WARD BOTH BRILLIANT INVESTORS THAT HAVE THE CANSLIM METHODOLOGY AND OTHER MOMENTUM METHODOLOGIES ON LOCK-DOWN WILL FROM NOW ON POST HERE. I WILL CONTINUE TO DO DAILY FREE YOUTUBE VIDEOS AND WILL ALWAYS DO VIDEOS ONE – VIDEOS FOUR IN FULL BEAUTIFUL SIZE FOR SUBSCRIBERS. THE COMMENTARY TAKES TOO MUCH TIME ON THIS END AND I AM OUTSOURCING IT TO THE TWO GENTLEMAN THAT KNOW MY MIND’S ANALYSIS THE BEST. I AM SURE YOU WILL NOT BE ABLE TO TELL THE DIFFERENCE BETWEEN ME AND THEM, UNLESS YOU ARE A STICKLER FOR GRAMMAR, PUNCTUATION, AND COMPLETE SENTENCES. IF YOU ARE, YOU WILL BE GLAD I AM IN VIDEO ONLY FORMAT NOW. ALOHA FOR READING ME WHILE I WAS DOING THIS BUT IT IS TIME TO FOCUS ON THE PAID SITE AND ON WRITING COLUMNS ABOUT INDIVIDUAL STOCKS ON OTHER WEBSITES TO HELP PROMOTE GETTING INDIVIDUALS TO THE BEST SITE ON THE INTERNET FOR MAKING A LONG-TERM LIVING. PLEASE GO OVER MY PAST BIG WINNERS IN MY LONGS/SHORTS SECTIONS AND FEEL FREE TO LOOK AT PAST ARCHIVES TO SEE THE KIND OF RETURNS HERE AT BWT. WE ARE STILL VERY NEW (LESS THAN TWO YEARS OLD) AND ARE WORKING TO CONTINUE TO UPGRADE WITH OTHER FEATURES LIKE REAL-TIME PORTFOLIOS, EMAIL ALERTS, AND OTHER SPECIALIZED AREAS. ONCE AGAIN, ONE BIG FINAL .NET COMMENTARY WRITING…ALLLOOOOOOOHHHAAA!
Commentary by John Ward
Score It Six Weeks In-A-Row For Stock Indexes But I Still Want To Know When Leaders (IBD 100/IBD 85-85 Stocks) Are Going To Lead Us Higher
April 18, 2009 | Comments Off
While I LOVE seeing the SP600, Philly SOX, MID400, Nasdaq, and especially the Shanghai SE Composite lead the way higher, there are two key leading indexes that have missed out, so far, but yet still might, on the rally. That is the IBD100 and IBD85-85 indexes.
These are indexes that are composed of stocks with the best ratings for key fundamentals and technicals. If you look at the rally from late 2002-early March 2003 they didn’t do great at first but were still doing better than they are now and that is a concern. However from March 2003-early 2007 the beautiful green/max-green BOP filled stocks, with some being CANSLIM, and the CANSLIM only stocks ROCKED the market producing gains that were well beyond the returns of the overall market and the “regular” favorites of those that do not know how to find NEW EXCITING stocks (you know the MSFT, DELL, CSCO, INTC holders).
So as you can see, if this rally is going to be real, we are going to pullback, hold the lows of March, and then take off higher. If/when that happens, almost every single CANSLIM quality stock that I am watching to get long will then have their 50 day moving averages over the 200 day moving averages. This now sets them up in positions to make a lot of money once they breakout or bounce off a key support. Why? The 50 over the 200 signals that the worst is over and that now you have a stock trending higher without the weight of either itself or the market to bring it down.
The Semiconductor Index, SP 600, Nasdaq, IBD 85-85, SP 400, and IBD 100 All Had Great Days Today Making For One Very Bullish Session; It Is Very Nice To See So Many Nice Charts Right Now
April 16, 2009 | Comments Off
Commentary by John Ward
Well, this market continues to prove its mettle. After a distribution day on Tuesday, it looked for a while like Wednesday was destined to close in the red as well. Only a last-hour rally saved the day. However, I still heard grumbling about volume being a little light. So what does the market do? It treats us to a Thursday where we finish higher on heavier volume than the day before. Not sure if that will impress those who insist on looking for any and all flaws in order to pooh-pooh this rally, but it impressed me. Plus, I’m seeing CANSLIM-quality stocks like VNUS, VPRT, RMG CYBS, LL, BKE, POWL rally off their lows and, to my mind, now is the “show me” moment. Will they continue to improve technically or just sputter out? Time to put up or shut up, right? How these stocks and stocks of this ilk fare will probably tell you where this market goes from here. Please understand that I’m not saying that I will buy any of these stocks, just that they are of high quality and I’m watching to see how the market treats them. What makes me confident that they might do well is the way the market has been treating leaders which have already emerged. Those who are subscribers to BigWaveTrading know exactly what I’m talking about.
Having said all that, though, one must temper his enthusiasm and consider the “other side of the coin,” as they say. And just what is the other side of that coin? Well, it’s what all those who took part in the Tax Day Tea (Taxed Enough Already) Parties around the country were up in arms about –namely, our tax policies, the bailouts, out-of-control spending, governmental interference in free markets, etc., etc….
Stock Indexes Pullback On Higher Volume; Index Have First Ditribution Day Since The End Of March
April 15, 2009 | Comments Off
Futures are mixed this morning but the real important information is what happened yesterday as we saw the stock market selloff on higher volume. Was the selloff the start of a new downtrend lower or just a blip in the uptrend.
Well if you follow volume closely and you watch how the stocks rallied before Monday or Tuesday and then how they have sort of just flat lined and gone no where the past couple of days, you can tell that the market needs a breather.
We got very overbought on the short-term and we were due for a pullback by just the way some leaders looked. On the short term trend, I made mention how many of the recent leaders looked like they went too far too fast. One stock that we are long is up almost 20% in two days since we went long (congratulations everyone that went long with me), NTES, CYOU, and SNDA all indicated that they needed a pullback too. So when I look at the leading stocks and Chinese stocks I don’t see a nasty top forming per se.
About the only troubling part I saw in yesterday’s selloff came from bank stocks. I have 19 longs and about 15 have been taken the past month. If yesterday I would have had 5 new full sells or 4 new full sells and a few partial sells then I would have been real worried. But the fact that all of them held was a very good sign that the rally could continue without a ton of problems.
IBD 85-85 Index Rallies Over 1%, Outperforming The Overall Market, On Slightly Higher Volume; A Lot Of Beautiful Strong Chart Patterns Continue To Show Up
April 14, 2009 | Comments Off
ALOHA! FULL COMMENTARY TODAY COURTESY OF CHRIS MAYE (MARKET SPECULATOR):
Starting the week off in good fashion stocks were able to gain traction after a bit of selling at the onset only to finish well off their lows, flashing once again bullish signs. Volume may have been lower on the day, but volume was tame during the early morning decline. More importantly, leaders began to display some explosive action. The IBD 85-85 index jumped over 1% suggesting leadership is beginning to show its might. This is precisely the type of action we need to see in order to sustain this confirmed rally, if this continues we’ll see the market continue to move higher.
An important note is the big banks are finally stabilizing, regardless if you are a permabear or bull we can not rally if these banks continued to move to new lows. I fully expect the rally in these banks will continue, although their gains will pale in comparison to the leaders we are finding. The banks simply have far too much overhead supply to really become MONSTER STOCKS. MONSTER STOCKS all show incredible sales and earnings growth as well as other stellar fundamental characteristics. Unfortunately, banks will not be able measure up to the leaders that are in the IBD 85-85. Nonetheless, it is very nice to see them push off their lows and stabilize.
Despite Selloff, Volume Was Lower And My Longs Did Well With One Up 13%; All Stock Indexes End The Week Higher, For The Third Week In-A-Row
March 27, 2009 | Comments Off
Stocks ended the week on a sour note with the Nasdaq falling, the SP 500 dropping, the DJIA falling, and the SP 600 lagging with a xxx loss. The good news on Friday’s selloff comes on two fronts. First of all, volume was lower on every exchange which is comfort to those who have turned bullish. Second, leading stocks in leading sectors in the IBD 100 and IBD 85-85 did not lead the market lower. If that would have happened that would have been another negative on top of the fact that leading indexes are not leading this market higher. Instead the Nasdaq, SP 600, and Russell 2000 are leading the way higher. While that is a positive, it is not a positive that the IBD 100 and IBD 85-85 are not up the 25%-or-so that those leading indexes are up from the March lows.
If this is going to change it will need to change soon as every bull market that has lasted any length of time has always shown leading stocks leading the way higher. When you don’t have this, you can be sure that the market is not going to last very long in an uptrend. However, anything is possible, after the market we were treated to in 2008, I guess. But history shows that leading stocks are one of the most important elements a market needs for lasting gains. What is the other element? If you guessed volume, you are correct.
An Amazing Rally On Heavier Volume Has Me Bullish On An Inflation Bear Market Rally; Leading Stocks Continue To Lag Even Though The Charts Are Getting Nicer
March 19, 2009 | Comments Off
Wednesday turned out to be a very bullish session for the stock market as indexes rallied across the board on volume MUCH HIGHER than the day before. The volume was such a clearly strong accumulation session that my scans were producing numbers not seen in a while in some scans. The best part of it all is that we were given four new long positions for us to take on Thursday. Hopefully these are going to be the leaders, of this rally, since they are already at the front. The truth is that it is just great to finally see some strong gains with very strong volume. It has been a very long time, to say the least!
I do not have a lot of time tonight as I made four videos that combined with OVER AN HOUR of commentary on possible future longs, new longs, and every stock in every key scan of mine. So I am pretty drained. The chat room was “off-the-hook” today as I was able to be around intraday and afterhours. While it was a little quiet during the day, that QUICKLY changed once the FOMC announcement came out and it became clear we have NO INTEREST in doing ANYTHING responsible WHAT-SO-EVER in the government and as a nation.
Stock Indexes Put In An Impressive Rally Overtaking Yesterday’s Highs On Lower Volume; Leading Stocks And Indexes Continue To Lag
March 17, 2009 | Comments Off
Before I get started, I want to thank everyone for letting me take care of personal inventory for the past week and a few days. It has been very important as I was focusing too much on the market and not enough on my personal affairs. I have everything straight now, except taxes. I made some stupid mistakes and that means I will be spending some much valuable free time working on taxes before they are completely finalized. There may be one to a few more days but the one thing you can be SURE of is that once April 15 passes things will be completely back to normal. I hate our tax system so much. It’s not even funny. Hate is a strong word but I HATE our tax system.
Anyways, getting to the market, I must say Monday was a depressing session as the news headlines were full of ugly items (like usual for the EXTREMELY BIASED fourth estate) that really bothered me and put me in a funk. That was bad because I don’t have a lot of time to just sit back and contimplate “why I feel this way.” Instead I listened to some happy Kelly Clarkson music and got myself feeling good. Then I started scanning…the feel good feelings ended a little. But that little glimmer of hope came from the fact that A LOT of the stocks that I have recently been profiling in the paid areas of the site. That is great news as it has been VERY RARE since the October 2007 top to see the same stock setup, move higher, setup again, and move higher, while all the while having a lot of green BOP and strong accumulation. These charts obviously have got me a little excited.
Bottoms Are Not Made When Everyone Is Looking For One; The Biggest Rallies Come In Bear Markets (Facts And History PROVES This)
March 10, 2009 | Comments Off
Before going into anything about the market I want everyone to know that there was no time change in Hawaii (like always) so I am now six hours behind the east coast and three hours behind the west coast. So most of you will only be able to read this in the morning due to me working on four videos a night for my subscribers.
However, if you are a Platinum or Gold subscriber and watch my videos nightly you already know almost everything I am about to talk about. However, there are a lot of things I will pen here that I did not talk about in the chat room or the forums so it is always a SMART and GREAT idea to come here daily BEFORE the opening bell to get all the facts you need before the market opens.
Anyways, for the market, today, we had a beautiful rally with the Nasdaq leading the way with a 7% gain. The best part about the rally, no matter how you feel about it, was volume coming in higher than the day before which is always a great thing after a lot of selling.
