Monday, May 25, 2009
No Spam Please
Spammers have been posting their urls as comments just to get backlinks, and then I just have to delete them. But if anybody wants to talk about stocks and technical analysis I'd love to hear about it!
Sunday, May 24, 2009
More Stock Picks
CUB is working out well... PEGA didn't quite break out yet but so far so good. These were stocks I "expected" to break to new highs. It's a bit more risky to anticipate a breakout, but very satisfying when it works.
Really, at times like this you can just about pick any stock from the table of Leading Stocks and do well. A lot of people want to make it too complicated, but miss the essential point: It's really all about the market direction. Which at the moment is "up, but consolidating (correcting).
A couple more picks: MV, and MFE. But as I mentioned, for the time being, most anything with decent RS rank and Accumulation/Distribution percentage should do well.
The main GigaStockPicks page will pull up the table of Leading Stocks. Here's the link: leading stocks
Really, at times like this you can just about pick any stock from the table of Leading Stocks and do well. A lot of people want to make it too complicated, but miss the essential point: It's really all about the market direction. Which at the moment is "up, but consolidating (correcting).
A couple more picks: MV, and MFE. But as I mentioned, for the time being, most anything with decent RS rank and Accumulation/Distribution percentage should do well.
The main GigaStockPicks page will pull up the table of Leading Stocks. Here's the link: leading stocks
Saturday, May 16, 2009
Still Bullish - And Some Stock Picks
Leading stocks still look pretty good as the market corrects. As if in a basing pattern getting ready to re-emerge.
A few really powerful stocks have barely slowed down. A couple that look timely right now are PEGA and CUB. They showed up in Friday's final table of Leading Stocks over at Gigastockpicks.com.
Check it out, we now have preset screens for Leading Stocks, Hot Stocks, Cheap Stocks, New Highs, New Lows, Up on Big Volume, Down on Big Volume, Value Stocks, and Big Stocks, with more to come.
A few really powerful stocks have barely slowed down. A couple that look timely right now are PEGA and CUB. They showed up in Friday's final table of Leading Stocks over at Gigastockpicks.com.
Check it out, we now have preset screens for Leading Stocks, Hot Stocks, Cheap Stocks, New Highs, New Lows, Up on Big Volume, Down on Big Volume, Value Stocks, and Big Stocks, with more to come.
Wednesday, May 13, 2009
Timing the Market
Timing the overall stock market is key to success. Actually we should call it "staying in sync with the market". The GigaScanner makes it easy, here's a link to some examples: read the market
That last wave of Climax High signals was too much - we'll probably be heading into a decent correction after this amazing 45-degree uptrend of the past few months. The best bet is to patiently wait for the hot stocks to pull back to a support line (like a new-high breakout) and then jump.
That last wave of Climax High signals was too much - we'll probably be heading into a decent correction after this amazing 45-degree uptrend of the past few months. The best bet is to patiently wait for the hot stocks to pull back to a support line (like a new-high breakout) and then jump.
Friday, May 1, 2009
Not to mention the breakout in the DJIA
Here it is an hour later (8:50 AM PDT) and I had another "thought". Note that yesterday's action in the NASDAQ and DJIA constituted an attempted breakout to a high above a pivot point in a cup and handle-like base pattern. It experienced a strong bout of profit-taking (and probably plenty of loss-trimming too, for those who were underwater), producing a wave of Climax High signals.
But it will take more than that to kill the bull run, which so far has shown amazing breadth and power. I.e., the markets will be breaking out again soon.
New addition: Scans for Pristine buy and sell setups. You could make a lot of money fast these days using the buy setup. Check it out at gigaStockPicks.com
But it will take more than that to kill the bull run, which so far has shown amazing breadth and power. I.e., the markets will be breaking out again soon.
New addition: Scans for Pristine buy and sell setups. You could make a lot of money fast these days using the buy setup. Check it out at gigaStockPicks.com
Short-term top
I noticed a whopping spike upwards yesterday in the Number of Climax Highs indicator (shown in red at the top of the chart, using the default settings), as a number of stocks simultaneously made a high and then reversed downward on an increase in volume.
I also noticed Climax High signals in the DJIA and NASDAQ indexes themselves- check it out at gigaStockPicks.com or gigaScanner.com - DJIA and NASDAQ are the symbols to use to pull up the indexes.
Some kind of a correction will probably happen from here, which of course is perfectly normal. Usually during a strong bull market there are numerous short-term highs and waves of selling on the way up. We'll need to watch the aftermath of the Climax High signals to determine the extent of the damage, but I don't think it will amount to much.
I also noticed Climax High signals in the DJIA and NASDAQ indexes themselves- check it out at gigaStockPicks.com or gigaScanner.com - DJIA and NASDAQ are the symbols to use to pull up the indexes.
Some kind of a correction will probably happen from here, which of course is perfectly normal. Usually during a strong bull market there are numerous short-term highs and waves of selling on the way up. We'll need to watch the aftermath of the Climax High signals to determine the extent of the damage, but I don't think it will amount to much.
Subscribe to Posts [Atom]
