shaky market

whoa!

what an uncertain market.
how, what is one to do if they have money out there?

the above chart of the nasdaq % bullish shows that a majority of stocks still have point-n-figure charts( supply and demand charts) that appear bullish. in fact the number of bullish charts remain just above the 20 day moving average of such. so the short-term trend may be turning down, but that process could easily go the other way. so, rely on your trailing stops or if you are a very sophisticated trader buy puts for protection. or if you want to own your companies as a long-term investor just sit tight and hold on.

the total market, tmw, has support around 76 or 5% down from here. we've already given up 4% - 5%. so if you are long-term investor, buy some antacid and like i said hold on. who knows if we will turn around before reaching the previous level of support? i will leave my trailing stops where they are. if things go down i will stop out of everything. i'm leaning this way because my screens are finding many more potential shorts than potential longs. that suggest that we may be seeing things rolling over.
but, who knows?

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update and an interesting find

nasdaq bullish % remains above its 20 day simple average and rest clearly in bullish territory for the overall market.
this could change soon, but for now this chart is telling us that the short-term and intermediate-term trends remain upward as so many charts remain bullish.

we also can see that the etf that tracks the total market has given up a little in the past 4 seesions, but not too much. it says stay long biased for the short and intermediate terms. keep an eye on these two markers and act appropriately when they break down

i recently posted about AEA and took a position. i will hold that long.

my stock screen for longs has turned up another very interesting stock, PTRY. do homework. this fundamentally sound company is a technical strong buy. this on has already advanced 6% from its low of 2 sessions ago and looks coiled to spring up to another 20% because resistance will be over-come by improving fundamentals 

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Seeking Alpha: new value idea, aea

This article was sent to you by: darrylb1@gmail.com

new value idea, aea
By fortypercent
first post in a while. i've just been too busy, distracted to post, but i've been very active in the market.aea is ready to move i believe about 2 bucks in the coming few weeks. only issue could be if this market mini-correction grows into something more. i do not think so. i will be taking a position sized to meet my portfolio with an 8% trailing stop loss order. i'm hoping this position will have total return of about 15% within the coming 3 months. check out this chart and go do your homework. lets have some fun trading( get it?)  this company has great fundamentals. some of the back-lash about these lenders has calmed down. lately  thier best rates are not much different than major credit cards. Disclosure: long aea

test

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we're back with new long, AEA!!

first post in a while. i've just been too busy, distracted to post, but i've been very active in the market.

aea is ready to move about 2 bucks in the coming few weeks. only issue should be will the market mini - correction grow into something more. i do not think so. i will be tacking a position sized to meet my portfolio with an 8% trailing stop loss order. i belive this will give me about 15% total return within the coming 3 months. check out this chart and go do your hoemwork. lets have some fun trading( get it?)

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still here !!

haven't been posting to twitter or my blog for a few weeks. remembering to keep up is the hardest part.

this market is really struggling to declare it self. volatility is just now starting to calm a bit. the market's price action in recent days has shown a desire to move higher.



the uptrend is likely to be short as things appear short-term over bought. be ready to play this by ear. we can also see that the nasdaq bullish % is looking exteneded.



market pressure could change direction anytime now. for now i have closed and will hold back on taking my typical large position in a broad market etf.

i will consider fast, short-term trading in individual stocks.
07/20/2009 i will take a 2% risk position in YHOO and a 1% risk position in STEC





these two will be traders, looking for quick 3% - 5% gains then close.
i'll continue to hold BAC for long-term( i hold 1000 @ 13.5, will get 1000 more shares at these slightly lower prices)



h'mmm, what will my 2000 shares of BAC be worth a year from now?

remember, this is all just a bit of food for thought. always do your own homework before pulling the trigger, that's fun trading!

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Posterous | Re: Monday Monday ...

whoa,
i almost forgot the other stock i'm mackin on, PALM!



PALM got away from me last week. my limit orders were always not high enough. if i make a move, i'll pay more attention this time. the big 5 bagger play is over, but this one may go to 25 which would be a great move from here!

remember, do your own homework and have fun trading! 

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Monday Monday ...

today i'm reviewing potential trades for monday.
E*Trade has caught most of my attention.







both the daily and intraday charts closed looking bullish. there may be some over-head resistance at the daily 200 day average. the daily chart starting at the end of may looks like market expects some good news soon. do your homework

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