Saturday, August 7, 2010

Stock Market Rally in Store

Good Morning Stockhoppers, Earning reports still keep coming in mixed. Major indexes have been correcting a bit. One thing I notice with these markets here lately is that they will be down big during the day and come back at the end of the day, maybe not into positive territory but all the same they do rally back at the end of the day.....

What does this snap back tell me? The rubber band is not broke. The traders still believe in this market. Fundamentally the earnings have not been that bad. Many positive surprises. TECHNICALLY though...

Technically speaking this market is ready to rally!! we should see 3 to 4 days of gains here next week. Many stocks will rebound. After staying up late Friday night I analyzed the stocks that are poised to take full advantage of our mini rally forthcoming. Here they are!!

MBI - @ a break above 8.97 Earnings are coming out on Monday so trade accordingly, by the way they are suppose to beat estimates.

ETFC - @a break above 15.40. News has been neutral but traders taking interest here. Check the volume.

- @ a break above 7.51. News here is neutral,set up beautifully... technically speaking.

- @ a break above 14.44. Another technical set-up. I guess it would help if deal with Japan comes through.

These are my picks to have large percentage gains. Others that you may want to put on your watch list are: ZION,DFS,HST,FTR,F,GE.

Hope these prove profitable for you and until next time......Chart wisely today!!


Master Stockhopper

Saturday, July 24, 2010

Stock Shopping List

Hello Stockhoppers, I thought I would pass along a list of stocks that you should at least put on your stock shopping buy list as they are poised to advance on momentum. Here is my Stock Shopping List as of 7/24.

Low - break above 21.37
dhi - break above 10.99
cbg - break above 15.31
kg - break above 8.91
hrb- break above 15.36
df - break above 12.16
tlab- break above 7.75
tsn - break above 18.09
wmb - break above 19.84
ipg - break above 8.34
nwl - break above 15.93
amd - break above 7.94

I hope this helps you in your search for the next big mover. Until next time, I hope all your stocks are moving in the right direction.

Wednesday, July 7, 2010

Pick a Stock Chart any Stock Chart

Hello Stockhoppers, Well it has been a while since I have touched base. Life has been busy but I have continued to follow this failing market. Oddly enough my last blog was somewhere around June 8th and i could use that same blog to describe things today, although because of the length of this downturn it makes it......well to keep it simple SCARY! this is if you are not short, if you are short this market kudos to you. I am not even going to post any charts today because most of them tell the exact same story and that is the bottom hopefully is coming soon but not many technical indicators are telling us this.

WHAT TO LOOK FOR NOW? I am waiting for the correction. Keep an eye on your exponential moving averages. We are see many double bottoms, will they break support? we will find out here soon. But yes there will be a correction, so my advice would be to keep that money on the sideline for now and wait to get FIRM CONFIRMATION on the correction and get on board. Currently I own just a few hundred shares of Tellab, I am currently in the red with this one but it is showing some promise of correcting.

I hope your trades are heading in the right direction and until next time happy stock charting!!

Tuesday, June 8, 2010

13 Day EMA DID NOT LIE-Look at the Major Indices

Good Morning Stockhoppers, In my last blog I stated that the 13 day EMA was telling us a SHORT STORY here we are on Tuesday morning wondering if the major indices will find support levels. We have been this low recently, the major difference is that in the past when we got to these levels we ended the trading day up near the days high. Take a look at these index charts.

You can see that the indexes are poised to move lower and break major support levels. The floors are starting to creak and rattle. If it gives way we could be looking at a major windfall, freefall.... call it what you will. I hope you are watching your trades very carefully, and are not staying with the ole buy and hold strategies.

Today will be a very pivotal day. Stay Tuned and Chart Wisely Today!!!

Tuesday, June 1, 2010

13 Day EMA tells a SHORT STORY

Good Morning Stockhoppers, I hope you all had a good Memorial Day weekend. Well taking off from my last blog "Will We See Follow Through".....not looking so good lets get right to it and look at the Dow Jones and Nasdaq charts. Looks like this morning they are going to bounce off the 13 day EMA(Exponential Moving Average)and head south. This market is not ready to rebound as of the short term. Money to be made shorting? ....possible but be careful.

I have a small long position in TLAB which is currently in the black. This market has to tell me that it is ready to get back on top the 13 day EMA and stabilize a bit before I take on more positions. Again there is money to be made on these wide swings but tread very carefully and be patient.

Until next time Chart Wisely Today!!!

Friday, May 28, 2010

Will We See Any Follow Through??!!!!

Good Morning Stockhoppers, No charts today, I would imagine if you are in or got in the market yesterday you made some money....if you did not...well that is just bad luck as the market obviously surged yesterday.

Lets look at the real question at hand. WILL WE SEE FOLLOW THROUGH!!?? look at most any chart and you will see that they are at or approaching their 13 day exponential moving average the million dollar question, will we see the follow through or will it bounce off the 13 ema and move south.

Be very careful here, it is very easy to become overly optimistic after a day like yesterday. Be a smart trader, if you study the charts you know there is always an opportunity patient as I have preached over and over again. Remember the market always seems to be in a good mood right before a holiday.

Have a great memorial day weekend, get some rest...and until next time..chart wisely today.

Thursday, May 27, 2010

Stock Charts Scary.......TLAB in play

Good Morning Stockhoppers, I hope you are surviving all the turbulence of this market. Yesterday I liquidated my Ford stock at 11.75 ...even though it is pointing up this morning in pre-market trading, I just do not like the chart formation on it,most stocks will cover a gap which I do expect will happen with Ford(see the gap on chart above). Many stocks are moving toward their 13 exponential moving average.

After reviewing the many stocks from the S & P 500 I seen one that stood out to me. TLAB, check out the chart above. The 13 day exponential moving average is ready to cross up over the 21 exponential moving average and has held up pretty well during this mini crash, I put my order in to trigger at 8.95.

The over all market still looks very shaky, they say things over in Europe are the cause of this, along with several other factors but just continue to watch your charts and the 13 day ema and 21 day ema they will not misguide you.

Until next time.....Chart wisely today!!!