一个笨蛋的股指交易记录-------地狱级炒手

hefeiddd · 发表于 2009-3-18 21:10

Stock Chart Analysis OSIP Posted by downtowntrader | 11/26/2007 09:41:00 PM | 1 comments »

Stock Chart Analysis OSIP

OSI Pharmaceuticals, Inc. (Public, NASDAQ:OSIP)

Finding a bullish chart in the recent mess we call the markets recently, is much like finding an oasis in the middle of the desert. OSIP stuck out like a sore thumb tonight as I was wading through one bearish engulfing pattern after another. OSIP looks like it is trying to break out of a bull flag consolidation which is no small feat on a day like today. OSIP may also benefit from some publicity with Lazard and Piper Jaffrey hosting Health Conferences the next two days and an Analyst day following on Thursday. Keep an eye on the $40 level as a floor.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis CAM Posted by downtowntrader | 11/26/2007 08:55:00 PM | 0 comments »

Stock Chart Analysis CAM

Cameron International Corporation (Public, NYSE:CAM)

While I'm not bearish on the markets right now, I do think oil stocks are looking like they may slide some more. The XLE and OIH etf's are looking weak and many individual stocks are up against declining 20 day sma's. I'm showing CAM below, but many stocks have similar patterns so as the sector goes, so will this. CAM has moved sharply the past few days from a breakdown low of 85.51 to an intraday high today at 96.51. It then failed at the declining 50 day sma and ended up forming a shooting star candle. This can mark a reversal depending on how the type of follow through it gets the next day or two. The 20 day sma also just crossed under the 50 day sma which is another negative bearish signal I use. All in all this looks like a decent shorting opportunity if it can start making lower daily lows here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis NST Posted by downtowntrader | 11/25/2007 09:49:00 PM | 0 comments »

Stock Chart Analysis NST

NSTAR (Public, NYSE:NST)

As I was going through the utility sector this weekend, I noticed a nice cup and handle forming in NST. The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his book, How to Make Money in Stocks. This is a book I like by the way and usually recommend as a good book for those just getting started in trading.

If you dig a little deeper, you can see a couple of other smaller patterns that helped construct the larger pattern. There was a reverse head and shoulder that formed the bottom of the cup. The breakout has been followed by a sideways consolidation that could be considered a "handle". If it does indeed clear the handle then the target measures out to near $40. Not a wild mover, but there is little risk here as well.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Happy Thanksgiving Posted by downtowntrader | 11/20/2007 09:15:00 PM | 0 comments »

I started my holidays early today, so there will be no commentary. I will resume posting this weekend. Have a Happy and Safe Thanksgiving.

Joey

Stock Chart Analysis COST Posted by downtowntrader | 11/18/2007 09:36:00 PM | 1 comments »

Stock Chart Analysis COST

Costco Wholesale Corporation (Public, NASDAQ:COST)

COST has been in the process of consolidating an early October breakout and has weathered the recent pullback without too much chart damage. It is actually pretty close to all time highs, and with the holiday season upon us, it may get the shot in the arm it needs to breakout. The other thing I like here is the fact that the stop loss area is pretty easy to define, with 65-63 being the number based on your trading style. If the markets get a Santa Claus rally, then I feel COST will easily make new highs,

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis GLNG Posted by downtowntrader | 11/13/2007 09:22:00 PM | 0 comments »

Stock Chart Analysis GLNG

Golar LNG Limited (USA) (Public, NASDAQ:GLNG)

GLNG has been trading a in a repeating series of high volume breakouts followed by lower volume consolidation patterns. This is of course healthy and fairly typical in sustainable trends. I've been keeping an eye on GLNG because as the markets were taking a beating and dry shippers were being taken out to the woodshed, GLNG refused to budge. While technically GLNG is in a different shipping sector from the dry bulks, I would of expected some of the weakness to spill over. It didn't and GLNG has been patiently hanging out near it's all time highs. It looks like GLNG is attempting to breakout of it's recent consolidation base and with that move it's possible that it will break out to new all time highs.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SNHY Posted by downtowntrader | 11/13/2007 09:13:00 PM | 0 comments »

Stock Chart Analysis SNHY

Sun Hydraulics Corporation (Public, NASDAQ:SNHY)

SNHY had an incredible run from early this year through it's peak in July. It then had a pretty swift and steep correction, before leveling off into a W bottom. It then tested the previous highs and has since been in a consolidation range between the W bottom and yearly high. It looks like there is a chance that it will set a low here at the previous W breakout area and head back up to challenge for a breakout. The worst case scenario is a stop out for a small loss, but with a little luck and a decent rally in the markets, SNHY could ultimately breakout to new highs.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis VMW Posted by downtowntrader | 11/12/2007 09:45:00 PM | 5 comments »

Stock Chart Analysis VMW

VMware, Inc. (Public, NYSE:VMW)

The Case for VMW

VMW has been hit hard the past few days and while it rarely pays to catch a falling knife, there's nothing wrong with picking it up off the floor after it's been dropped. I won't wax poetic about their product in this post, although being in the IT industry, I see everyday how they are dominating their niche market. What I will talk about are some technicals and possible market psychology trends that could influence VMW.

VMW has been one of the best performers this year opening well above it's $29 IPO price and closing at $51. It then moved in a very steady trend peaking at $125.25 just 56 sessions later. It has had a very steep pullback dropping almost 50 points in just 7 sessions. It has pulled back into it's 50% Fibonacci retrace and prior consolidation area. While it's still in a freefall, this is an area that "should" hold if all is well with the company. And while it may not bounce up in a straight line, it makes sense to start watching it, because there are a few seasonal trends that may influence them. First, a lot of traders missed VMW, and have been waiting for a pullback to get in, and this is the first time VMW has made the trip to it's 50 day sma.

Second, we are starting to approach a seasonally bullish period for stocks and then there is the year end window dressing period. Window dressing is when fund managers pick up the hot stocks of the year late in the year so they can report them as holdings in their annual reports, while simultaneously dumping laggards they prefer to not brag about. I can't think of too many stocks that would be more attractive for this type of trend then VMW. So again, it's probably early, but I would be shocked if VMW wasn't back over $100 by the end of the year.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis FCSX Posted by downtowntrader | 11/06/2007 10:34:00 PM | 0 comments »

Stock Chart Analysis FCSX

FCStone Group, Inc. (Public, NASDAQ:FCSX)

FCSX recently cleared a reverse head and shoulders pattern that is a smaller part of a larger consolidation base. The target of the H&S take FCSX out of the triangle, possibly signaling a true breakout to new all time highs. Drilling down to the near term shows that FCSX is still vulnerable here as it remains under the 20 day sma. However, it did find support at the 50 day sma and lower bollinger band, so there is a chance that it could resume the breakout here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis CSUN Posted by downtowntrader | 11/06/2007 10:19:00 PM | 0 comments »

Stock Chart Analysis CSUN

China Sunergy Co., Ltd. (ADR) (Public, NASDAQ:CSUN)

Solar stocks have been on fire recently and chinese stocks caught a little buying this afternoon as well. CSUN happens to belong to both sectors and looks like it may be close to completing a consolidation after breaking out of a trading range. It looks like it may be in the process of setting higher highs and lows, which means 8.57 should hold as a low as it challenges for new highs. Of course a sustained move below 8.57 would negate the trade.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis FCN Posted by downtowntrader | 11/05/2007 09:35:00 PM | 0 comments »

Stock Chart Analysis FCN

FTI Consulting, Inc. (Public, NYSE:FCN)

FCN is quickly approaching a critical juncture as it struggles to maintain its October breakout. It has pulled back to the breakout area for a second time and quickly caught a bid as it tested the lower $50's. I think there are some clear lines drawn in the sand here and if FCN can turn around and reclaim $54-55 then I think a breakout will follow soon thereafter.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

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hefeiddd · 发表于 2009-3-18 21:11

No Charts Tonight Posted by downtowntrader | 11/04/2007 09:11:00 PM | 0 comments »

Both stocks (ACAD and NGS) I was gonna post an analysis on tonight report earnings the next two days, therefore are automatically disqualified from my watchlist. I will resume posting charts tomorrow.

Good Trading,

Joey

Stock Chart Analysis JRJC Posted by downtowntrader | 11/01/2007 12:02:00 PM | 0 comments »

Stock Chart Analysis JRJC

China Finance Online Co. (ADR) (Public, NASDAQ:JRJC)

JRJC has held up pretty well this morning and looks like it wants to test a break out. Buyers have been stepping up on most pullbacks and overall this is a very good looking chart structure. The first step would be a close over the 20sma, followed by a move over the trendline showing the top of the base.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis DWSN Posted by downtowntrader | 10/31/2007 10:14:00 PM | 0 comments »

Stock Chart Analysis DWSN

Dawson Geophysical Company (Public, NASDAQ:DWSN)

DWSN has been a very solid performer over the past year, and they recently stepped it up with a strong move from August through September. The move was sparked off by a high volume gap and it's never come close to filling the gap. It is in the process of consolidating, forming a triangle that looks pretty orderly. As I've mentioned in the past these are usually continuation patterns and DWSN is in a spot where a low risk entry can be had. Any move over 83 will probably lead to new highs.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis GWW Posted by downtowntrader | 10/30/2007 10:54:00 PM | 1 comments »

Stock Chart Analysis GWW

W.W. Grainger, Inc. (Public, NYSE:GWW)

GWW is looking like it has some more room to the downside here. It failed to match it's previous high and then dropped on increased volume. It cleared an established channel to the downside in the process and could be headed all the way down to the bottom of a larger possible consolidation pattern. If the markets react negatively to whatever the Fed has to say, then I think GWW is a pretty decent short setup.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis CTEL Posted by downtowntrader | 10/29/2007 09:44:00 PM | 0 comments »

Stock Chart Analysis CTEL

City Telecom (H.K.) Limited (ADR) (Public, NASDAQ:CTEL)

While the media continues to talk about the "bubble" in China, the underlying stocks keep moving higher. Recently, there has been some profit taking in the sector in general, but there are stocks making large moves everyday. Take a look at EFUT and HMSY today, and YTEC and HMIN last week. I'm not too worried about a bubble bursting when everyone is watching for it. A bubble only bursts when everyone is positive about it and buys in. Here is a chart of CTEL which recently had a huge move almost tripling from low to high. It has been pulling back on decreasing volume and is starting to turn back up on the 20sma. This could easily double from here on a retest of the high, although it would more then likely resolve into some form of a triangle before breaking out. Either way, there is a good chance that the recent low will hold for a rally attempt.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis JRJC Posted by downtowntrader | 10/16/2007 09:41:00 PM | 1 comments »

Stock Chart Analysis JRJC

China Finance Online Co. (ADR) (Public, NASDAQ:JRJC)

Chinese stocks have had a chance to take a breather over the last week, but it seemed like some started to perk up today. YTEC, EDU, CPSL, and CHDX had some buying and other reversed off their lows. JRJC is one of those that started a little weak falling a point and a half from the open, but found a floor and moved over 4.5 points from the low. It backed off the highs but was trading back near 40 in the AH market. Overall JRJC is sporting one of the better looking charts in the "China" sector and it has healthy volume. It has had a huge runup, but is consolidating in a bull flag pattern which can result in powerful breakouts equal to the trend that preceded the consolidation. JRJC may of given a buy signal today, but with Asian markets weaker overnight, it could give another opportunity with a lower open in the morning provided it holds reasonable support. Other China stocks that may be in a decent spot are CDS, CHNR, RCH and maybe CTEL depending on how it develops intraday.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis DISH Posted by downtowntrader | 10/15/2007 04:21:00 PM | 0 comments »

Stock Chart Analysis DISH

EchoStar Communications (Public, NASDAQ:DISH)

DISH broke to multiyear highs in April before succumbing to market weakness. After a healthy consolidation they raced towards new highs once again a few weeks ago. They have been trading sideways for a few sessions now, and it looks like demand is simply overwhelming supply in this stock. I wouldn't be surprised if DISH was headed towards it's all time high in the 80's on longer timeframes. In the near term, I'm looking to see if DISH can close over 50 which should lead to further strength.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

High Volume Reversal Posted by downtowntrader | 10/12/2007 12:01:00 AM | 1 comments »

All of the major indices experienced high volume reversal days, which had to expected after the recent runup. After the recent string of steady up days, this mornings gap up was begging to be faded. Also as expected, it was fast and furious. It seems like volatility really is returning to the markets and the VIX had a nice bounce higher near support today.................read more at downtowntrader.com

Good Trading,

Joey

Stock Chart Analysis FCN Posted by downtowntrader | 10/09/2007 09:46:00 PM | 0 comments »

Stock Chart Analysis FCN

FTI Consulting, Inc. (Public, NYSE:FCN)

FCN has been trading a pretty tight sideways range since breaking out in August. This type of pattern can be classified as an ascending triangle and usually resolves itself as a continuation pattern. Closing above 54 would be a step in the right direction.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis LTON Posted by downtowntrader | 10/09/2007 09:41:00 PM | 0 comments »

Stock Chart Analysis LTON

Linktone Ltd. (ADR) (Public, NASDAQ:LTON)

LTON had a nice surge a few days ago and has been consolidating that move since then. Chinese stocks have been on fire and while this is not a Chinese company, they provide services to China. Either way, I could care less what the driver is as long as someone is buying it. As a technical analyst, it is my job to uncover situations where one group of traders is overwhelming the other. LTON is a good example where bulls may be about to overrun bears.

Here is the daily chart showing a possible pennant forming above the 200 day sma.

The weekly chart is also promising showing LTON trading up near the high end of an established trading range. This is a level I will be watching as a break could mean the beginning of a new trend higher.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

hefeiddd · 发表于 2009-3-18 21:12

Stock Chart Analysis VSEC Posted by downtowntrader | 10/07/2007 08:50:00 PM | 0 comments »

Stock Chart Analysis VSEC

VSE Corporation (Public, NASDAQ:VSEC)

Continuing the theme of low volume small caps, I present an intriguing chart of VSEC. I think I may be early on this one, but since it's holding the 20sma and has a clear stop area defined, I feel it's worth watching. If if fails, the losses should be minimal, and if it succeeds, then it should at least test the previous high near 57. Taking small risks for large gains is the name of the game. VSEC may be trading in a large triangle, which is why I feel I may be early (assuming a pullback to the bottom of the triangle before a breakout), but it may just as well already be in a new leg up. It had a pretty quick correction in August, and has been fairly steady since then. It's already at a point where most people that dumped in August may be regretting it and inclined to repurchase the stock. We should find out soon enough which direction it will take.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis AVNR Posted by downtowntrader | 10/07/2007 08:45:00 PM | 0 comments »

Stock Chart Analysis AVNR

AVANIR Pharmaceuticals (Public, NASDAQ:AVNR)

AVNR recently cleared a down trend channel and attempted to breakout. It paused at horizontal resistance and backed it's way to test the trend line again. It's at a point where the true trend should emerge. It will either pull back again and possibly keep drifting back down, or it will surge forward over the $2.50 area. Either scenario is pretty clearly defined, so at a minimum there shouldn't be too much guesswork here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis BCON Posted by downtowntrader | 10/07/2007 08:31:00 PM | 0 comments »

Stock Chart Analysis BCON

Beacon Power Corp. (Public, NASDAQ:BCON)

BCON may be close to breaking to new highs here. It has been consolidating the past few months and just recently started inching above most of the consolidation area. Volume is starting to pick up and there could be a decent short squeeze if it clears the July high, it could easily make the push to 2005 high over $5.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ROY Posted by downtowntrader | 10/07/2007 08:26:00 PM | 0 comments »

Stock Chart Analysis ROY

International Royalty Corporation (Public, AMEX:ROY)

ROY is a low volume small cap miner that may be poised to move higher. It was correcting in a channel after almost doubling earlier in the year, and it just recently cleared the channel. It's hugging the 20 day sma now, and could be close to setting a higher pivot high, which would confirm the change of trend from down to at least sideways. Clearing 7 could be the beginning of a move to new highs.

Good Trading
,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis FCSX Posted by downtowntrader | 10/01/2007 09:43:00 PM | 0 comments »

Stock Chart Analysis FCSX

FCStone Group, Inc. (Public, NASDAQ:FCSX)

FCSX has been forming a reverse head and shoulders chart pattern recently and looks like it is just above the neckline, which would validate the pattern as a bottom. It is close enough here that it could go either way. If it does clear the base, then the target takes it to it's all time highs, so it's worth paying attention here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis AFSI Posted by downtowntrader | 10/01/2007 09:40:00 PM | 0 comments »

Stock Chart Analysis AFSI

Amtrust Financial Services, Inc. (Public, NASDAQ:AFSI)

The insurance sector has been perking up lately and AFSI has the potential for being an outperformer if the sector breaks out. AFSI is pretty young, coming up on it 1st year of trading and it looks like it's first correction is about up. It is starting to set higher lows as buyers get more aggressive. It convincingly reclaimed the 50 day sma today and could challenge resistance overhead soon.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis VSEA Posted by downtowntrader | 9/30/2007 09:55:00 PM | 0 comments »

Stock Chart Analysis VSEA

Varian Semiconductor (Public, NASDAQ:VSEA)

Semiconductors have been pretty quiet lately, trading sideways while the general markets move higher. There is a chance that semi's may be ready to move higher soon and VSEA should be one of the leaders. It is just under all time highs and has been consolidating in an orderly fashion. I would look for it to successfully clear the $54 area before I got too excited though.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis CRDC Posted by downtowntrader | 9/30/2007 09:25:00 PM | 0 comments »

Stock Chart Analysis CRDC

Cardica, Inc. (Public, NASDAQ:CRDC)

CRDC had a huge breakout in the beginning of September moving over 100% in one day. It has been consolidating that move while possibly forming a bull pennant chart pattern. It looks like it may be starting to gain some momentum again and could be headed to new highs. Bull Pennants are the best performing chart pattern according to Thomas Bulkowski who has studied chart patterns exhaustively.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ESRX Posted by downtowntrader | 9/26/2007 09:52:00 PM | 0 comments »

Stock Chart Analysis ESRX

Express Scripts, Inc. (Public, NASDAQ:ESRX)

I was bearish on ESRX a few weeks ago, but it has improved it's posture considerably since then. It completed a 3 wave correction and then followed it up by tagging new highs. It has been consolidating in a bullish fashion for the past trading month and could be close to breaking out. Also appealing on this chart is the clear stop loss area that affords precise risk parameters. This could move out as soon as tomorrow.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ISRG Posted by downtowntrader | 9/25/2007 10:26:00 PM | 0 comments »

Stock Chart Analysis ISRG

Intuitive Surgical, Inc. (Public, NASDAQ:ISRG)

Momentum stocks have been on fire lately with huge moves in RIMM, BIDU, and WYNN. While ISRG has been steady, it hasn't really taken off. However, ISRG is very close to all time highs and could gain some steam if it clears overhead resistance. The chart looks pretty orderly here and with it bouncing off the 20sma it could be ready to go.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis NAVI Posted by downtowntrader | 9/25/2007 10:22:00 PM | 0 comments »

Stock Chart Analysis NAVI

NaviSite, Inc. (Public, NASDAQ:NAVI)

NAVI recently had a strong move to break out of a channel it was following as it consolidated a prior breakout. It has been pulling back the past two days drifting along the upper trendline testing it as support. Often when a stock breaks through a trendline that was serving as resistance, it pulls back to it, where the area should now become support. The logic behind this is that people who sold the stock thinking it would fail at resistance feel like they are getting a second chance to get in, and fear missing out on a breakaway move.

Update: As I was finishing this up, I checked and saw that NAVI reported earnings after hours. It was trading a little higher, so it may be in play tomorrow. In this case, I would probably wait till after 10 am for the opening range to be established.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis TASR Posted by downtowntrader | 9/25/2007 10:17:00 PM | 0 comments »

Stock Chart Analysis TASR

TASER International, Inc. (Public, NASDAQ:TASR)

I was on the TASR bandwagon from May through late July as it steadily climbed 100%. It fought through an ABC (three wave) correction from late July through mid August and appears to be ready for a resumption of the prior trend. It is starting to base over the 20 day sma and should begin using it as support. If we project a measured move similar to the wave leading into the correction, we arrive with a ballpark target near 25.

Good
Trading,

Joey

for more analysis, check out downtowntrader.com

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hefeiddd · 发表于 2009-3-18 21:13

On Vacation Posted by downtowntrader | 9/20/2007 11:18:00 PM | 0 comments »

I will be on a weekend vacation through Monday, so no charts till then.

Good Luck,

Joey

Stock Chart Analysis SLV Posted by downtowntrader | 9/19/2007 10:00:00 PM | 4 comments »

Stock Chart Analysis SLV

iShares Silver Trust (ETF) (Public, AMEX:SLV)

Gold and Silver have had a very sharp move recently, specifically heading into the much anticipated Fed release. While this could just be the beginning of something, it may of gotten ahead of itself in the near term. I'm not sure why there is a disconnect between Gold and Silver, but the GLD etf is at new yearly highs while SLV remains mired under it's 200 day sma. Looking at the chart of Silver below, it is pushing up against a trendline and it's 200 day sma which may prove to be a little much for it in it's extended state. I'm not sure if it will reverse here and retest the recent lows, but it seems like it will at least backoff and retrace to the 20 day sma. There could be some decent shorts in the sector, being that the miners are also overbought. I am looking at PAAS and SSRI as possibilities.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis HMSY Posted by downtowntrader | 9/19/2007 09:45:00 PM | 0 comments »

Stock Chart Analysis HMSY

HMS Holdings Corp. (Public, NASDAQ:HMSY)

While the markets are pretty overbought in the near term, there are still some stocks close to safe entries on the long side. I mentioned how HMSY broke out of a nice base a month ago, and while it did move out, it came back for a retest of support the past week or so. While there is a chance that HMSY had a false breakout and may of topped, you still have to favor the underlying trend until it is proven. HMSY is now sitting on it's 20 day sma, after a nice move on Fed Tuesday. It may consolidate a few more days, but I believe there is a good chance that it moves to fresh new highs soon.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Wedding Anniversary Posted by downtowntrader | 9/18/2007 06:23:00 PM | 0 comments »

Today is the 10th Anniversary of my wedding and as much as I would like to discuss the huge move after the Fed dropped rates, I don't think it would go over too well at home. The only move I made today was buying into BZH whom I had mentioned in earlier posts. I think there could be a massive squeeze in homebuilders, and in fact there could be a bottom on the BZH chart. I will try and post my thoughts on this tomorrow. One thing I will mention, right now a lot of people may be fearing they missed out. Keep in mind that these moves reverse some times and the prudent thing to do is not chase stocks. Stocks like WYNN, BIDU, RIMM and AMZN have had strong moves leading into todays move and buying now will likely have you underwater soon. Look for stocks like ONXX or DRYS who are starting to move after a pullback.
Good Trading,
Joey

Day Trading Posted by downtowntrader | 9/16/2007 10:21:00 PM | 0 comments »

With the Fed meeting coming up on Tuesday, and all the uncertainty, I think it makes sense to not recommend new swing trades until after the reaction. I will not be initiating new positions other then daytrades as well. One group that looks promising for tomorrow (daytrades) are homebuilders. It looks like they may get a short squeeze heading into a fed meeting where a rate cut seems like a foregone conclusion. They may keep running after the decision as well, but who knows at this point. I'm looking at BZH as a possibility here. Also, momentum stocks like AMZN, BIDU, RIMM, WYNN, LVS, etc. have been giving good intraday moves.

Good Trading,

Joey

Stock Chart Analysis HDNG Posted by downtowntrader | 9/12/2007 09:44:00 PM | 1 comments »

Stock Chart Analysis HDNG

Hardinge Inc. (Public, NASDAQ:HDNG)

While I'm not advocating going net short right now, I am taking some short positions if the chart setup looks decent. HDNG is one that may be rolling over and could offer a nice drop in quick order. HDNG had a sharp drop after reporting earnings in early August, but then had an equally sharp bounce higher a couple of weeks later. It has been struggling with the area highlighted below recently, and just lost the support of the 50 and 20 day sma's. While I won't ignore the recent strength in this stock, the fact is it could be rolling over and may drop all the way to the trend line near 28. The risk may well be worth the potential reward.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Investopedia Article Posted by downtowntrader | 9/11/2007 08:26:00 PM | 10 comments »

I had a new article (Multiple Timeframes can Multiply Returns) published on Investopedia.com today. If you're interested, check it out. Comments are always welcome. If you haven’t caught any of my previous articles and are interested, you can find them in my Articles and Interviews section. Good Trading,
Joey

Stock Chart Analysis CPLA Posted by downtowntrader | 9/09/2007 08:35:00 PM | 0 comments »

Stock Chart Analysis CPLA

Capella Education Company (Public, NASDAQ:CPLA)

CPLA has barely budged during the few recent weak market days and remains near all time highs. It has pulled back very gently to it's rising 20 day sma and could find support there. There is a decent chance it pulls back further, but I'm keeping an eye on it in case it decides to break out here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis KCI Posted by downtowntrader | 9/09/2007 08:28:00 PM | 0 comments »

Stock Chart Analysis KCI

Kinetic Concepts, Inc. (Public, NYSE:KCI)

KCI gapped out of a base in late July and has had some volatile swings as it tries to consolidate the break out. If pulled back to the breakout area and is trying to re-establish the prior uptrend. It reclaimed the 20 day sma and appears to be using it for support. It is close to breaking the downtrend line shown below and could break to new highs soon if the markets cooperates.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ANIK Posted by downtowntrader | 9/06/2007 09:43:00 PM | 2 comments »

Stock Chart Analysis ANIK

Anika Therapeutics, Inc. (Public, NASDAQ:ANIK)

ANIK is a very low float trader, but the chart here looks solid enough to possibly risk a trade. I hate trading these sometimes because it's difficult to get out if you have a larger position, so I try to keep the positions fairly small. ANIK, much like most of the stock market corrected pretty steeply the past month. It's come back a decent amount, and is now drifting back to the 20 day sma. Sometimes these little pullbacks are weak longs locking in profits and with good money management, provide great entries. ANIK may break out if it can climb above the descending trend line shown below.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis MVIS Posted by downtowntrader | 9/05/2007 09:20:00 PM | 0 comments »

Stock Chart Analysis MVIS

Microvision, Inc. (Public, NASDAQ:MVIS)

I've trade MVIS a few times this year, mostly successfully. Recently, they reported a deal with Motorola and instead of rocketing higher, it steadily sold off giving back all the post news gains. It kept dropping testing prior swing lows. I've been a bystander in this stock the past few months waiting for a low risk opportunity. Recently, it threatened to break down from an established support line, but held up, and then had a move yesterday making it back above the 50 day sma. This could of cemented the bottom here, and paves the way for a retest of the recent highs. At worst, at least now there is a clearly defined stop loss for a swing trade.

The nice thing about this possible trade setup, is that the longer term picture is pretty rosy for MVIS. It's always a good idea to trade with the larger trend, and there is no denying that MVIS has established a new uptrend. It is consistently making higher highs and lows on the weekly chart. It also clearly broke an established down trend line, and formed a confirmed reverse head and shoulders bottom. Volume is in all the right places, and it appears that this is a solid pattern. It's hard to project targets in low priced stocks, because the move from $1-4 is a 200% move yet the measured target is only 3 points from the breakout point. This still yields a conservative $7 target.

Today MVIS offered a pullback off yesterday's strong move, but held at the rising 20 and 50 day smas. This could be a decent low risk / high reward opportunity.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Disclaimer: I started a small position in MVIS today near the 50 sma. I am highlighting it because I will add to the position if it continues to move out.

Stock Chart Analysis PRSC Posted by downtowntrader | 9/05/2007 09:14:00 PM | 0 comments »

Stock Chart Analysis PRSC

The Providence Service Corporation (Public, NASDAQ:PRSC)

PRSC is coiling into a triangle after clearing a several month long tight base. Volume surged on the initial breakout and has been drying up as it consolidates. There was a strong candle that gapped under the base and then closed at new highs in mid August. Sometimes these moves catch a lot traders by surprise, including some institutions. The fallout sometimes takes weeks to sort out, but usually, it's in the direction of the initial surprise move.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

hefeiddd · 发表于 2009-3-18 21:14

Stock Chart Analysis AVNR Posted by downtowntrader | 9/04/2007 09:14:00 PM | 0 comments »

Stock Chart Analysis AVNR

AVANIR Pharmaceuticals (Public, NASDAQ:AVNR)

AVNR has been pulling into a huge bullish gap for about 4 months now. It looks like it may be ready to turn higher after clearing a downtrend line drawn over recent highs. There are a few ways to draw this line and each is showing AVNR breaking above it. While it may back and fill a little, it's looking like a bottom is in. It would be nice if more volume would come in, and ideally, the 20 and 50 sma will serve as support moving forward.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis BEC Posted by downtowntrader | 9/03/2007 09:52:00 PM | 0 comments »

Stock Chart Analysis BEC

Beckman Coulter, Inc. (Public, NYSE:BEC)

BEC broke out of a nice base on a surge in volume towards the end of July. It has chopped around recently along with the general markets, but has managed to stay above the previous base. It appears that BEC is close to resuming it's breakout and could be headed to new highs.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis EDU Posted by downtowntrader | 9/03/2007 09:48:00 PM | 0 comments »

Stock Chart Analysis EDU

New Oriental Education & Tech. Group Inc (Public, NYSE:EDU)

EDU is a fairly recent IPO which has steadily moved higher. It appears that it may of completed an ABC correction off a move to new all time highs. While the recent low is quite a ways down, EDU may take off from here after basing on the 20 day SMA the past week. This can be a tricky stock due to the light volume, but it has the potential to make a very nice move.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis GMCR Posted by downtowntrader | 8/29/2007 09:41:00 PM | 3 comments »

Stock Chart Analysis GMCR

Green Mountain Coffee Roasters Inc. (Public, NASDAQ:GMCR)

GMCR recently broke to new all time highs recently and has subsequently pulled back into what I can only call a violent looking triangle. It started out moving in wild swings and has narrowed down into very tight candles. If it can clear this tight pattern the move could be explosive.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis WNR Posted by downtowntrader | 8/29/2007 09:25:00 PM | 0 comments »

Stock Chart Analysis WNR

Western Refining, Inc. (Public, NYSE:WNR)

WNR has been in an orderly correction the past two months. The move prior to the pullback was very strong, in fact the stock almost doubled. If the correction is complete, then it's possible that WNR will make a measured move up after clearing the channel. Examining the past few candles reveals that bounced off the lower band and has now retaken the 20sma. While it's possible that WNR will back off resistance here, it looks like it is close to bottoming out and entering into the next leg up.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis NFLX Posted by downtowntrader | 8/28/2007 11:29:00 PM | 0 comments »

Stock Chart Analysis NFLX

Netflix, Inc. (Public, NASDAQ:NFLX)

I decided to pull up a weekly chart of NFLX after looking at a pretty sad daily chart. The daily showed me that it gapped lower in late July, and had basically made back none of that move despite the markets being higher over that time. The weekly chart, shown below is even more telling. Apparently, that gap down took it under long time support, which has now become resistance. If it breaks down under this small trading range, there is a shot it could trade down to the $10-$11 area.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis CQB Posted by downtowntrader | 8/28/2007 11:22:00 PM | 0 comments »

Stock Chart Analysis CQB

Chiquita Brands International, Inc. (Public, NYSE:CQB)

While CQB may of capitulated on the huge drop in early August, it is fairly common for to go back and retest a capitulation low. In fact, several times the stock makes a lower low, on lighter volume. CQB has been bouncing off that low and coiling in a consolidation pattern. If it ends up falling out of this pattern highlighted below, then things could unravel quickly.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis FARO Posted by downtowntrader | 8/27/2007 10:29:00 PM | 0 comments »

Stock Chart Analysis FARO

FARO Technologies, Inc. (Public, NASDAQ:FARO)

While I think now is not the time to be entering into new swing trades (waiting for a few day pullback), FARO is making me consider the bending of my rules. It is showing outstanding strength and the 20 day sma has finally caught up to price. The bollinger bands are also starting to contract sharply, perhaps signaling an upcoming expansion in volatility. I'll be keeping an eye on this one.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis EWY Posted by downtowntrader | 8/27/2007 10:27:00 PM | 0 comments »

Stock Chart Analysis EWY

iShares MSCI South Korea Index Fund(ETF) (Public, NYSE:EWY)

EWY broke under a trendline in late July on a marked increase in volume. It appears that the recent bounce is a technical one and that the ETF will soon resume falling lower. While I wouldn't count on new lows under 52.60, it may go back for a full retest.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SGR Posted by downtowntrader | 8/27/2007 10:21:00 PM | 0 comments »

Stock Chart Analysis SGR

The Shaw Group Inc. (Public, NYSE:SGR)

SGR recently had a steep drop under the 50 day sma and has just made it back on declining volume. It is starting to form some narrow range candles and the 50 and 20 day sma's look like they will smother the price here. It could easily go back for a retest of the recent lows and make for a nice short trade. The stop loss area is pretty clear here too.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

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hefeiddd · 发表于 2009-3-18 21:15

Fantasy Football Marathon Sunday Posted by downtowntrader | 8/27/2007 08:43:00 AM | 0 comments »

Market related posting will be back in full swing this week. I just got back home late last night from participating in two fantasy football drafts. The first was for an auction / keeper league and the second was for an insanely difficult 14 team league where 10 of the teams have been in the league for 15 years. This is the second year where both drafts are scheduled for the same day, and while it kills an entire day, I think I prefer it to having it on separate days. I think I have decent teams, although I kinda screwed up on the auction.
Auction Team: 12 team, $200 Cap, 4 Keepers
QB: Brett Favre
RB: Shaun Alexander
RB: Reggie Bush
WR: Chad Johnson
WR: Marques Colston
Flex: Laurence Maroney
K: Shane Graham
Def: Seattle
Reserves of note: Grossman, Mike Furrey, Eddie Kennison

While I think this is a very strong starting lineup, I killed myself by spending $108 and $56 on Alexander and Johnson. I have absolutely no reserve players. Some of the lineups look pretty skewed compared to traditional drafts because we can keep 4 keepers. If Colston is hurt, I am down to starting Mike Furrey, Bobby Wade or Eddie Kennison, ouch. My only other RB is Mike Anderson.
Draft League: 14 teams, 3rd pick
QB: Tony Romo
RB:Larry Johnson
RB: Cedric Benson
WR: Marques Colston
WR: Joey Galloway
TE: Chris Cooley
K: Jason Hanson
DEF: Minnesota
Notable Reserves: Julius Jones, Warrick Dunn, Vernand Morency, Ronald Curry, Jacoby Jones
While this team doesn't look anywhere near as good as the auction team, this was a very good draft. 14 team leagues are pretty hard and everyone in this league knows what they are doing. I ended up with a pretty deep team and a good starting lineup. The biggest issue here was I got shafted while waiting on a backup QB. I will have to wait and work the waiver wire.
Hopefully I have enough.
As for the markets, I would be a little cautious chasing long positions here. We've had a pretty decent bounce on declining volume and are heading into resistance. While I'm not sold on the next leg down breaking the recent lows, it could happen. Either way, I doubt we will be pushing through to new highs without a pullback soon.
Good Trading,
Joey

Traveling - EBAY / TASR Posted by downtowntrader | 8/22/2007 08:39:00 AM | 1 comments »

I'll be on an airplane most of today and in an all day meeting tomorrow, so trading will left on autopilot. I don't have time to post the usual analysis, but EBAY and TASR are looking decent to me here. EBAY looks great on the longer term charts and may of put in a pullback low. TASR looks like it may of completed it's pullback from it's recent breakout as well. TASR would need to trade above yesterdays high though.

Good Trading,

Joey

Stock Chart Analysis HBI Posted by downtowntrader | 8/19/2007 10:22:00 PM | 0 comments »

Stock Chart Analysis HBI

Hanesbrands Inc. (Public, NYSE:HBI)

HBI experienced a huge increase in volatility after their recent earnings report while trading to all time highs. The stock is only about a year old, so it may just be appearing on some institutions radar screens. It is pulling back in a sharp channel but seems like it plans on holding above the 200 sma. The ideal situation here would be for a decrease in volatility offering some nice candles to trade off, followed by a break out of the channel. While I'm not ready to jump in on this one, I plan on watching it for the next few sessions.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis HMSY Posted by downtowntrader | 8/14/2007 09:02:00 PM | 2 comments »

Stock Chart Analysis HMSY

HMS Holdings Corp. (Public, NASDAQ:HMSY)

HMSY has been trading in a pretty tight range failing to dip even under the 9 day ema during some pretty weak market days. It looks like it is in the process of developing a bull flag or pennant and the breakout should be a nice one if it can hold up. All time highs are around 36 on this stock and I think it may try and test that if it breaks out.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis CPLA Posted by downtowntrader | 8/14/2007 08:59:00 PM | 0 comments »

Stock Chart Analysis CPLA

Capella Education Company (Public, NASDAQ:CPLA)

CPLA looked like it was falling apart a few weeks ago, but buyers stepped in and it has held up well in the face of more market weakness. CPLA is one of the few stocks holding steady near all time highs so it will probably be one of the first to turn higher when the correction runs it course. I am keeping an eye on the channel drawn below rather then a close above all time highs.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ICE Posted by downtowntrader | 8/13/2007 09:52:00 PM | 3 comments »

Stock Chart Analysis ICE

IntercontinentalExchange, Inc. (Public, NYSE:ICE)

Speaking of head and shoulder (see post below), ICE seems like it may be rolling over here. I'm not sure if it's going to break as most of the time these patterns end up being consolidations instead of tops, but it definitely set a lower high here and should at least retest the $140 area. That could be a quick 7 points for nimble traders, and it's possibly a nice entry if it does break down. A word of caution may be in order for shorts though, as volume is not picking up on the right shoulder. Thats usually the case for successful H&S tops.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

ITW Revisited Posted by downtowntrader | 8/13/2007 09:42:00 PM | 2 comments »

Stock Chart Analysis ITW

Illinois Tool Works Inc. (Public, NYSE:ITW)

I posted on ITW last night and a friend asked me about a possible head and shoulders on it. Although I failed to mention it last night, some of the best trades occur when a chart pattern fails to move to fruition. This is because many participants get in early assuming the pattern will develop, but if it fails, they scramble to get out of the trade along with new traders getting in. A head and shoulders isn't valid until a close below the neckline, and ITW managed to dip under it and close above it. Today it made a higher daily high, although it failed to follow through. This is one of those trades that is so close to working for either side, that once it starts moving one group of traders will be caught off guard.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ITW Posted by downtowntrader | 8/12/2007 08:54:00 PM | 0 comments »

Stock Chart Analysis ITW

Illinois Tool Works Inc. (Public, NYSE:ITW)

ITW broke out of a decent base in June and following through nicely. However, it has since retraced the breakout following recent market weakness. There hasn't really been too much chart damage here, and if the markets rally this week, then ITW should be a willing participant. This has a very nice weekly chart to go along with the nice daily setup.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis FLR Posted by downtowntrader | 8/12/2007 08:45:00 PM | 2 comments »

Stock Chart Analysis FLR

Fluor Corporation (NEW) (Public, NYSE:FLR)

FLR is another stock with a recent increase in volatility. However, it has all been contained in a pretty clear base and if it can clear the top of this triangle then it could be off to the races. Ideally, it will print a few narrowing in range candles to trade off, but the ideal situation doesn't always happen. I would look at playing it with reduced lot sizes if it breaks out here, or playing it normally if it takes more time to develop.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis TK Posted by downtowntrader | 8/12/2007 08:43:00 PM | 0 comments »

Stock Chart Analysis TK

Teekay Corporation (Public, NYSE:TK)

The Shipping sector has been very strong lately, but I'm finally seeing some weakness in some of the names. While this may be a normal pullback, TK is looking vulnerable if it turns into more. This play reminds me of TSO back when I felt the oil sector was pulling back. Looking at this chart, I see a struggle going on as shown by increased volatility and all the long wicks on the candles. Volume is also increasing. Whichever way it breaks here will probably present a nice move, and at this point I have to favor a downside breakout.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SLW Posted by downtowntrader | 8/12/2007 05:43:00 PM | 0 comments »

Stock Chart Analysis SLW

Silver Wheaton Corp. (USA) (Public, NYSE:SLW)

SLW held up extremely well when Silver was correcting, and recently broke to all time highs. I highlighted this stock before the breakout and I am highlighting it again because it may be giving a nice opportunity to get in on the first pullback after breaking out. Here is a daily chart showing the breakout area and the subsequent consolidation pattern. It is pulling back in a pennant type pattern into a rising 50 day sma.

The weekly chart shows the overall pattern quite nicely. If metals rally from here on out, then SLW mayore then likely be one of the leaders for the mining group.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

hefeiddd · 发表于 2009-3-18 21:15

Stock Chart Analysis GG Posted by downtowntrader | 8/12/2007 05:40:00 PM | 0 comments »

Stock Chart Analysis GG

Goldcorp Inc. (USA) (Public, NYSE:GG)

Gold has been fairly stagnant recently while the mining stocks have shown strength. The past few days have shown an increase in volume for the metal with an almost 2% move on Friday. If Gold can start picking up some momentum, then Gold stocks should end their year long correction and follow the metal higher.

GG's daily chart is not all that impressive, but it does show that Goldcorp broke out of a well defined channel and that it has started to print higher highs and lows. It's quite possible that the correction was completed for GG in June.

Here is a weekly chart showing the channel more clearly.

I love when the weekly and daily chart are aligned and if Gold does indeed rally, then GG should be a pretty decent play.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis R Posted by downtowntrader | 8/08/2007 08:30:00 PM | 0 comments »

Stock Chart Analysis R

Ryder System, Inc. (Public, NYSE:R)

R has been trading in a huge base for almost a year. The base also looks impressive on a weekly chart with a very nice increase in volume here as it attempts a breakout. On the daily chart the base resembles a reverse head and shoulders, although the label is not quite that important. What is important, is that the stock has gone through a healthy consolidation and is challenging to break to all time highs. It pulled back today to near the breakout area on an ugly candle, so it may be best to wait for it to settle down, but it is definitely worth watching the next few days as the overall pattern is very promising.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis RBY Posted by downtowntrader | 8/08/2007 08:27:00 PM | 0 comments »

Stock Chart Analysis RBY

Rubicon Minerals Corp. (USA) (Public, AMEX:RBY)

RBY has been holding up well while managing to have most indicators pull into oversold levels. If it can climb back over the 20 day sma there is a good chance it will form a higher pivot low in this area and then challenge the all time high set in April.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis PRXL Posted by downtowntrader | 8/07/2007 09:43:00 PM | 0 comments »

Stock Chart Analysis PRXL

PAREXEL International Corporation (Public, NASDAQ:PRXL)

PRXL has been battling with the 40-41 area the past few sessions and it looks like the bulls are winning out. While it closed off the highs today, PRXL did manage to close over the 20 day sma and could clear the broadening wedge highlighted below. There are multiple areas of converging support here and it highlights a clear area where a stop could be set.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ALGN Posted by downtowntrader | 8/07/2007 09:42:00 PM | 0 comments »

Stock Chart Analysis ALGN

Align Technology, Inc. (Public, NASDAQ:ALGN)

ALGN bounced strongly off the 50 day sma yesterday forming a hammer at support. The 50 day sma also happened to line up with the previous breakout area, which often is an area where traders who missed out on the initial move pounce on a second chance. If the markets follow through the next few days, then ALGN is poised to challenge recent highs.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis FTK Posted by downtowntrader | 8/07/2007 09:38:00 PM | 0 comments »

Stock Chart Analysis FTK

Flotek Industries, Inc. (Public, AMEX:FTK)

FTK has had a heck of a move this year and has recently been consolidating in an orderly manner. I thought there was a chance it would roll over but it found support and looks to be turning up. It is very close to making new highs and could trigger a short squeeze if it moves above $33.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis LDSH Posted by downtowntrader | 8/06/2007 09:25:00 PM | 0 comments »

Stock Chart Analysis LDSH

Ladish Co., Inc. (Public, NASDAQ:LDSH)

LDSH is a stock that has shown very good strength recently following its earnings report. It had a very long consolidation prior to this move and it looks like the next leg up is just beginning. It appears that this is a fairly volatile stock so there may be some headfakes along the way. I also can't rule out the possibility that it retraces back to the $45 area before truly moving out, but overall this looks like a very promising setup.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis WFR Posted by downtowntrader | 8/06/2007 09:22:00 PM | 0 comments »

Stock Chart Analysis WFR

MEMC Electronic Materials, Inc. (Public, NYSE:WFR)

WFR is a stock that had some outstanding moves this year, but has fallen into a trading range of late. There is a clear channel it is following as it trades in a consolidation phase. Being that it just tested the lower boundary of that trading range and formed a hammer, it is reasonable to assume that it would bounce here. This is another trade with clear cut stop loss levels and a reasonable target. The other attractive aspect of this chart is that the longer charts are looking good and it could eventually form a major low here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis CBSS Posted by downtowntrader | 8/06/2007 09:20:00 PM | 0 comments »

Stock Chart Analysis CBSS

Compass Bancshares, Inc. (Public, NASDAQ:CBSS)

CBSS is not what I would call a clean looking chart, but it is simple enough to read. CBSS had a breakaway move in late February and has basically been consolidating that move for 6 months. It attempted to break out in July only to get held back by the extreme weakness in the recent markets. It is clear to me that the $68-$69 area is being rejected by bulls and that CBSS could be on the verge of a breakout. The nice thing about this chart is that the area where I would get out if something went wrong is very clear (low 68's).

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis OPY Posted by downtowntrader | 8/05/2007 07:02:00 PM | 0 comments »

Stock Chart Analysis OPY

Oppenheimer Holdings Inc. (USA) (Public, NYSE:OPY)

OPY is a stock that at the surface has a pretty good looking chart. There are a couple of warning signals though that are keeping me away from it here. The reason for posting is it is first, to show how subtle clues can be observed on a chart, and second, it could end up being a worthwhile trade eventually.

The first thing that stands out on this chart is the high volume in this consolidation phase highlighted by the blue lines. Typically, these pennant or bull flag patterns should have diminishing volume as the take a breather. When a stock see an increase in volume like this and it stays churning sideways, it often signals distribution.

Second, OPY is consistently making lower highs on each of it's rallies. This tells me that sellers are getting more aggresive on each rally.

Third, most indicators are in a negative divergence, although this is fairly normal for stocks that have had strong moves without pausing for a breather.

However, even with all the negative factors I have highlighted, price is still king. This is still a stock that has weathered the recent temper tantrum in the general markets, and especially in it's sector. The key here I believe, would be a move that closes over 57.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ESRX Posted by downtowntrader | 8/05/2007 07:00:00 PM | 0 comments »

Stock Chart Analysis ESRX

Express Scripts, Inc. (Public, NASDAQ:ESRX)

While I'm not too excited about shorting the markets after such a sudden and sharp correction, I felt compelled to share this chart. ESRX has broken two separate trendline, each of which had declining degrees of trend. The first trend line was of a steeper 45 degree incline common with trending moves. The second trend line flatter, typical of consolidations. The fact that it broke under this consolidation signals that ESRX may be entering a new down trend. It has retraced back to the broken trendline and appears to be rolling over. While bullish support in the 45-47 area look formidable, it looks fairly certain that it will be tested at a minimum. I would say a good stop area would be if it closed over 51.50-52 .

file:///C:/Users/joey/AppData/Local/Temp/moz-screenshot-1.jpgGood Trading,

Joey

for more analysis, check out downtowntrader.com

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hefeiddd · 发表于 2009-3-18 21:16

Stock Chart Analysis WYNN Posted by downtowntrader | 8/01/2007 11:14:00 PM | 0 comments »

Stock Chart Analysis WYNN

Wynn Resorts, Limited (Public, NASDAQ:WYNN)

WYNN is another NDX component that I found interesting. There are others like RIMM and AMZN that have shown to be very strong, but they are extended at this time and don't offer good risk / reward setups. It may be a little early on WYNN but I am highlighting them because it appears the markets may follow through on todays late day strength. With WYNN closing in on trend line resistance it's possible that WYNN may offer a nice quick trade. A warning though, one of the reasons I am looking at WYNN is a possible pre earnings run and the release is due Monday afternoon. So, there is only a small window for this play to work for my strategy.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis EBAY Posted by downtowntrader | 8/01/2007 11:00:00 PM | 0 comments »

Stock Chart Analysis EBAY

eBay Inc. (Public, NASDAQ:EBAY)

The Nasdaq 100 have been stronger then the general markets for the past couple of months, and has been holding up better throughout this correction as well. I was looking through component stocks tonight and thought that EBAY was looking interesting again. I mentioned EBAY last time it was attempting to test this long term trend line and it has basically been trading sideways since then. It's interesting how EBAY has held up fairly well, and how the moving averages are starting to align themselves in an uptrend. EBAY would look very attractive to me if it can clear the $35 area.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis LAVA Posted by downtowntrader | 7/29/2007 09:54:00 PM | 0 comments »

Stock Chart Analysis LAVA

Magma Design Automation, Inc. (Public, NASDAQ:LAVA)

Talk about bucking the trend. Most stocks are in a free fall right now, and LAVA is one of the very few that looks bullish, AND remains in a decent area for buying. There are a few stocks that moved higher off earnings or other news last week, but for the most part, it's a wait for the pullback story on them. LAVA however, looks to have cemented $14 area as a bottom. While I prefer to now buy a stock that has just moved up 5%, there is a good chance that market weakness drag LAVA back a little. I will be watching this one closely next week.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis MVIS Posted by downtowntrader | 7/29/2007 09:39:00 PM | 0 comments »

Stock Chart Analysis MVIS

Microvision, Inc. (Public, NASDAQ:MVIS)

MVIS is a stock that has been showing good strength the entire year. Recently the company called some warrants and it had an adverse affect on the price of the stock. Then they released news of their first deal with Motorola to develop their Cell phone video projector and it seems like there was a large group waiting to sell that news. The stock seems to be firming up here and this could be a decent place to enter MVIS for a trade. If this level holds, then it could prove the $4.70-$5.00 area as strong support.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SWC Posted by downtowntrader | 7/27/2007 09:24:00 AM | 7 comments »

Stock Chart Analysis SWC

Stillwater Mining Company (Public, NYSE:SWC)

Apparently my blog is one of many in the internets and blogOspheres, currently being subjected to stock spam courtesy of a user named jj2000426. He has been spamming blogs all over the world pumping his palladium pick SWC. Here are a few sites currently impacted by his relentless spamming.

In the interest of my readers, I wanted to post an analysis of SWC so that you could get an objective view and not be swayed by constant, relentless, unabashed pumping of a stock.

While the long term macro economic view of metals in general is bullish, the SWC chart is a mess right now. Looking at the chart below you can see that SWC broke down from a large broadening wedge on pretty decent volume. While it is oversold at this point, my guess is that SWC will only make a partial retrace higher before continuing lower. The target for the breakdown measures out into the mid $7 dollar area and with a major low in that area, I fully expect a test of the 8's at a minimum. As far as my analysis, I would not recommend shorting in this area, but I don't expect this to form a bottom in this area either.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis GME Posted by downtowntrader | 7/25/2007 10:00:00 PM | 1 comments »

Stock Chart Analysis GME

GameStop Corp. (Public, NYSE:GME)

GME has been in a sold trend recently and has held up pretty well the past two days. It has been very reliable in bouncing off the 20 sma as shown below by the arrows. It is trading in a small bull pennant here and could breakout if the markets cooperate.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SPN Posted by downtowntrader | 7/25/2007 09:58:00 PM | 0 comments »

Stock Chart Analysis SPN

Superior Energy Services, Inc. (Public, NYSE:SPN)

SPN is another Stock I highlighted recently that has held up well the past few days. SPN emerged relatively unscathed with the recent weakness in oil and oil stocks. It remains in the triangle and could be bouncing off the lower trend line. Break out traders may wish to wait for it to clear the triangle, but the risk / reward ratio is better down here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ACAD Posted by downtowntrader | 7/25/2007 09:55:00 PM | 0 comments »

Stock Chart Analysis ACAD

ACADIA Pharmaceuticals Inc. (Public, NASDAQ:ACAD)

ACAD is a chart I highlighted recently, and everything I wrote still stands. It has not been influenced by the recent bearishness in the markets and started to move off the 20 sma today. If tomorrow is a strong day, which I suspect, then ACAD may breakout.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis GIL Posted by downtowntrader | 7/23/2007 09:57:00 PM | 2 comments »

Stock Chart Analysis GIL

Gildan Activewear Inc. (USA) (Public, NYSE:GIL)

GIL is another stock that is in a consolidation following a nice trend. It has been following the 50 day sma the past month and could be in the final stages of the consolidation period. It may drift back down to the lower ranges, but I wouldn't be surprised if it took off right here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis MOS Posted by downtowntrader | 7/23/2007 09:50:00 PM | 0 comments »

Stock Chart Analysis

The Mosaic Company (Public, NYSE:MOS)

MOS has been on a heck of a trend since February doubling in price in that time. It has been resolving into a triangle over the past two months as volume decreases. The bollinger bands have squeezed real tight perhaps foreshadowing a sudden increase in volatility soon. I am keeping an eye on it to see if the move is higher. If it is the move could be similar to the one leading into the triangle.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

hefeiddd · 发表于 2009-3-18 21:17

Stock Chart Analysis VRGY Posted by downtowntrader | 7/22/2007 08:24:00 PM | 0 comments »

Stock Chart Analysis VRGY

Verigy Ltd. (Public, NASDAQ:VRGY)

VRGY had a high volume breakout in May and then promptly decided to go nowhere. It has been trading sideways which has allowed the 50 day simple moving average to catch up to it. It has successfully bounce off this sma in the past so I am looking to see if that trend will continue.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SPN Posted by downtowntrader | 7/22/2007 08:19:00 PM | 2 comments »

Stock Chart Analysis SPN

Superior Energy Services, Inc. (Public, NYSE:SPN)

SPN has been trading sideways after breaking out of a multi year base. Usually these triangle like patterns end up resolving as continuation patterns which would predict a breakout. While I've been suspect of the oil sector short term, SPN looks like a pretty good candidate if the strength continues.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis BEC Posted by downtowntrader | 7/22/2007 08:13:00 PM | 0 comments »

Stock Chart Analysis BEC

Beckman Coulter, Inc. (Public, NYSE:BEC)

BEC had a strong move to breakout of the base shown below. It is pulling back to test the breakout area on declining volume. Look for it to find support here if the breakout is valid. There is some resistance above in the form of a previous all time high, however, it looks like it is poised to move higher from here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Trader Interviews Posted by downtowntrader | 7/21/2007 12:16:00 PM | 0 comments »

Tim Bourquin of TraderInterviews.com, and founder of Traders Expo has been focusing on bloggers recently in his interview series. I just recently caught up on some recent interviews and most of these have been really good. I am linking to a few below. If you missed mine, you can find it here. I will also be adding these bloggers to the blogroll if they are not already there.

find Toni's site here

Miss Trade: Misstrade is a fellow blogger I had not heard of until I listened to the interview. He goes into great detail on how he manages his portfolio. This is a good example of a trader who is successful with a simple but solid trading system. Check out his blog here.

Have a great weekend,
Joey

Stock Chart Analysis CHE Posted by downtowntrader | 7/18/2007 10:24:00 PM | 0 comments »

Stock Chart Analysis CHE

Chemed Corporation (Public, NYSE:CHE)

CHE has been trading a very tight range for the better part of three months and just recently cleared it's base. It is now pulling back to test support and we should know fairly quickly if it is going to resume the breakout. Earnings are a couple of weeks away and it could get a pre earnings run.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis TK Posted by downtowntrader | 7/18/2007 10:21:00 PM | 0 comments »

Stock Chart Analysis TK

Teekay Corporation (Public, NYSE:TK)

TK may still have some work to do before it is ready to move out, but it looks like it is bouncing off a clearly defined support level. This looks like a good place to initiate a starter position for those that like to scale in. It will probably struggle a bit as it hits the 50 sma in the 58's but we may of seen the low in late June.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis TZIX Posted by downtowntrader | 7/17/2007 10:20:00 PM | 1 comments »

Stock Chart Analysis TZIX

The TriZetto Group, Inc. (Public, NASDAQ:TZIX)

TZIX is an interesting chart I came across tonight. It has cleared the pullback trading range and has begun setting higher highs and lows. This is all occurring at an important price level on the weekly chart which could provide a very solid base for a future move higher. Todays volume was also pretty interesting. One thing that would have me worried about putting on a longer term trade here though is that earnings are coming up pretty soon (7/27). It could go on an earnings run though, and provide a decent trade.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis VNDA Posted by downtowntrader | 7/17/2007 10:17:00 PM | 0 comments »

Stock Chart Analysis VNDA

Vanda Pharmaceuticals Inc. (Public, NASDAQ:VNDA)

VNDA continues to work on building a base after completing a pullback from a huge gap up. While VNDA could break down from this rectangle, the fact that it still recognizing the gap as bullish support may be a valuable clue. My standard warning on this stock is that it trades all screwed up intraday, but it could make a decent position trade if it can climb over this base.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis GRP Posted by downtowntrader | 7/16/2007 10:01:00 PM | 1 comments »

Stock Chart Analysis GRP

Grant Prideco, Inc. (Public, NYSE:GRP)

It seems that everyone and their mother has been buying up the oil patch recently and most of these stocks are extended. It looks like most of these are ready to pullback at least a little. Several oil stocks are sporting a pattern similar to GRP. They form a topping pattern and then make a lower pivot high. Of course, it may be too early to confirm the lower high, but it looks like most of these are going to revisit recent lows. I am looking to short the sector for only a few days at this point.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis VSEA Posted by downtowntrader | 7/16/2007 09:35:00 PM | 0 comments »

Stock Chart Analysis VSEA

Varian Semiconductor (Public, NASDAQ:VSEA)

VSEA looks like it may be setting up in a small W bottom off the lower band and a the lower range of bullish gap support. Semiconductors have been under accumulation recently and VSEA may be close to closing over a trendline drawn over the recent pivot highs. While it may drift back to test support, it may also break out right here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis LFL Posted by downtowntrader | 7/15/2007 07:10:00 PM | 0 comments »

Stock Chart Analysis LFL

Lan Airlines S.A. (ADR) (Public, NYSE:LFL)

LFL seems to be moving in slow motion, as it moves away from the large triangle base. It is setting up in another triangle and could be close to breaking out. It is trading in some narrow range candles near the 20 day sma and it could serve as a launching pad for a rally. This is a tricky stock to trade because of the low volume, but it has been trading fairly steadily recently.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ASCA Posted by downtowntrader | 7/15/2007 07:09:00 PM | 0 comments »

Stock Chart Analysis ASCA

Ameristar Casinos, Inc. (Public, NASDAQ:ASCA)

Casinos are starting to look good again and ASCA just hit all time highs. I highlighted ASCA in May and boy did I miss a good entry. It looks like it is setting up for a another entry though, as this is a pretty orderly pullback to the 20 day sma after the breakout. I am watching for a nice candle pattern to emerge confirming the 20 day sma as support.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

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hefeiddd · 发表于 2009-3-18 21:17

Stock Chart Analysis ACAD Posted by downtowntrader | 7/15/2007 07:07:00 PM | 0 comments »

Stock Chart Analysis ACAD

ACADIA Pharmaceuticals Inc. (Public, NASDAQ:ACAD)

ACAD had a huge breakout in late March and has been trading sideways since then for the most part. It may be early here, as ACAD could return to fill the bullish gap highlighted in green below. However, there is a chance that the gap is of the breakaway variety and that ACAD is just beginning to resume the uptrend.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis VCLK Posted by downtowntrader | 7/15/2007 07:02:00 PM | 2 comments »

Stock Chart Analysis VCLK

ValueClick, Inc. (Public, NASDAQ:VCLK)

VCLK had a recent breakout that quickly reversed. While the breakout looks to have failed, it hasn't exactly fallen apart either. VCLK is still trading near all time highs and is in a decent sector. I am adding VCLK to my watchlist as it is possible that it will attempt another breakout soon. VCLK also offers a pretty clear cut stop loss area which makes trade management easier.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis HLYS Posted by downtowntrader | 7/15/2007 06:58:00 PM | 0 comments »

Stock Chart Analysis HLYS

Heelys, Inc. (Public, NASDAQ:HLYS)

Funny that upon my return from vacation, and with the bullish moves from last week, I begin with three short setups. While I think the recent breakouts are valid, I am preparing for the fact that this week could be a consolidation / pullback week and will be looking at both long and short setups. HLYS was expected to be a hot IPO recently and now 7 months later it is trading almost 20% under it's first closing price. It just broke under an important price level and is attempting to break back over it. If it fails, it more then likely will revisit all time lows. That could force the hands of traders who made a bet that this was the next CROX.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis IOC Posted by downtowntrader | 7/15/2007 06:50:00 PM | 0 comments »

Stock Chart Analysis IOC

InterOil Corporation (USA) (Public, AMEX:IOC)

IOC was severely punished recently and who's to say whether it was overdone or not. Either way, it had a quick bounce into resistance and it's possible that this was a dead cat bounce and that IOC is not done moving lower. What I can say with near certainty is that there are probably a good number of longs who feel trapped right now, and overhead supply will be abundant. I am watching to see how IOC deals with the 200 day sma as it bounces on decreasing volume.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis TSO Posted by downtowntrader | 7/15/2007 06:47:00 PM | 0 comments »

Stock Chart Analysis TSO

Tesoro Corporation (Public, NYSE:TSO)

TSO looks like it may be double topping. It looks like a test of the support level shown in green is coming soon and if it pushes through that level there could be a quick drop. This has been a strong stock in a strong sector for months now, and this could just be a buyable dip, but RSI and OBV sure look weak.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Some picks I'm watching on while on vacation Posted by downtowntrader | 7/08/2007 11:31:00 PM | 1 comments »

As I mentioned on my homepage, I will be on vacation the entire week. I intend to just manage my trades after hours for the most part, however, I will have my Treo on hand if anything interesting pops up. The beauty of using Cybertrader is that I have a pretty useful mobile trading platform available to me. I don't intend to post much while on vacation, but I may squeeze in a chart or two. Here are a few stocks I am adding to my watchlist this week.

FCSX

And here are a few previously mentioned charts that may follow through.

GSOL

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis URZ Posted by downtowntrader | 7/05/2007 10:13:00 PM | 0 comments »

Stock Chart Analysis URZ

Uranerz Energy Corp. (Public, AMEX:URZ)

URZ is a chart I was following a couple months ago until it fell into a correction. It appears that the correction may be close to an end as it has pulled back to a previous breakout area and is starting to find some support. This may be a good spot to get in early with a stop under the recent lows if the timing is wrong. This play may take a while, but if it sets a new low here, it should eventually make new highs and head towards the $9 or $10 area.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis GRA Posted by downtowntrader | 7/05/2007 09:58:00 PM | 0 comments »

Stock Chart Analysis GRA

W.R. Grace & Co. (Public, NYSE:GRA)

GRA has been trying to bottom for a couple of weeks now, but keeps pulling back further on weak market days. There have been some pretty bullish candles forming along the lower band and it seems to me like it is ready to turn up. If not, at least there is a clear area to put in a stop and scratch the trade.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Happy 4th of July Posted by downtowntrader | 7/04/2007 12:16:00 PM | 1 comments »

Obviously, not all of this sites readers are from the US, so you may not have interest in a post celebrating the US's independence. However, regardless of where you reside, take some time today to reflect on and respect those who put their lives on the line everyday in order to protect your country and ultimately your life. In this new world of global terrorism, and as the line between independent countries blurs, it has been put in the hands of each nations young soldiers to put their lives at risk each day in chaotic environments where the enemy blends in with civilians and where there is no clear objective or target for defining victory. Deep down we all just want a safe place to raise our families and follow our chosen beliefs. Without attempting to dissect global politics and place blame on governments or groups, I would just like to offer my thanks to those that serve and protect my country dutifully each day.

Joey

Stock Chart Analysis EFUT Posted by downtowntrader | 7/02/2007 10:35:00 PM | 0 comments »

Stock Chart Analysis EFUT

eFuture Information Technology Inc. (Public, NASDAQ:EFUT)

I highlighted EFUT in late May as possibly bottoming although I didn't envision a 60% move happening a few days later. EFUT had a major breakout on good volume rising from 15 to over 24. It has now pulled back to the 20 day sma and although it hasn't turned back around yet, I think it is slowing down enough to add to the watchlist. I would prefer for it to not retrace all the way back to 15, but 16 is a decent possibility. I do think the next high volume positive day will probably mark a bottom and the beginning of a new leg up. As always, please do your own due diligence.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SLW Posted by downtowntrader | 7/02/2007 10:28:00 PM | 0 comments »

Stock Chart Analysis

Silver Wheaton Corp. (USA) (Public, NYSE:SLW)

I normally show daily charts on my posts since most of my trades are fairly short term in nature. However, I also like to keep an eye on longer term charts to understand the larger trend in a stock and to maintain a better perspective with reduced noise for a stock. SLW is a stock that looks pretty choppy if you look at a recent chart, but if you step back and look at the weekly chart you will see that it is approaching all time highs. What makes this impressive is that silver has been looking quite weak lately and SLW is not following it down.

I'm not a big fan of rising wedge patterns as they can be nasty reversal patterns, but this almost looks like a triangle and I would say the difference is almost negligible. The bottom line is that if silver bottoms out soon, then SLW could be a very nice way to play this trend. I am keeping a close eye on that 12.50 area.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

hefeiddd · 发表于 2009-3-18 21:18

Stock Chart Analysis JST Posted by downtowntrader | 7/01/2007 10:38:00 PM | 0 comments »

Stock Chart Analysis JST

Jinpan International Limited (Public, AMEX:JST)

I mentioned JST as possibly bottoming in early June and it looks like it successfully held the 200 day sma as support. It traded up over 10% from where I mentioned it, but more importantly, it hasn't really given back too much in the recent market weakness. It is trading pretty tightly here, just over the 20 day sma. It looks like it will resume it's attempt at 23.07 shortly, and this make for another decent risk vs reward situation. Again, this is a very low float stock, so care is in order.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis LRCX Posted by downtowntrader | 7/01/2007 10:28:00 PM | 0 comments »

Stock Chart Analysis LRCX

Lam Research Corporation (Public, NASDAQ:LRCX)

It looks like there has been a possible rotation into the semiconductor space and LRCX could be one of the beneficiaries. It has been consolidating a very strong move that occured from March through early May. This has basically formed a very nice cup and handle base with LRCX trading near the bottom of the handle. Although it is trading under it's major moving averages, this looks like a low risk high reward setup due to the close proximity to stop loss placement ( probably about 15-20 cents under the May low or under the 200 sma for longer term traders.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ZUMZ Posted by downtowntrader | 6/27/2007 11:46:00 PM | 0 comments »

Stock Chart Analysis ZUMZ

Zumiez Inc. (Public, NASDAQ:ZUMZ)

ZUMZ has been trading in a base for a few months now and has drifted back to a previous breakout area. This is a classic buy at the lower boundaries of a range play, and there is a fairly decent chance that 36.60 will hold as a pivot low for a while. Obviously much depends on the general markets and the retail sector in particular, but it looks pretty good on its own. Keep in mind that there is still bearish gap resistance above and it should prove to be choppy at the least once it gets there.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis XLNX Posted by downtowntrader | 6/27/2007 11:38:00 PM | 0 comments »

Stock Chart Analysis XLNX

Xilinx, Inc. (Public, NASDAQ:XLNX)

XLNX has officially retraced 100% of the breakout and it looks like buyers are starting to step up. I prefer stocks to hold some of the breakout, but sometimes these trades work out well due to clear support and resistance levels. Semiconductors have been showing signs of emerging leadership, and if the market rallies from here, then XLNX should make a nice sector play.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis DNDN Posted by downtowntrader | 6/27/2007 11:20:00 PM | 0 comments »

Stock Chart Analysis DNDN

Dendreon Corporation (Public, NASDAQ:DNDN)

I debated tonight on whether to mention DNDN as a chart to watch. While I think it might make a viable trade, I wouldn't recommend this stock as a longer term holding at all. There is just too much risk for anything more then a small trade with reduced exposure. Most people already know the news behind this stock, and if you don't, please take the time to read through some recent news. There are a lot of key levels to watch here that make this an interesting play. After the huge gap down, DNDN traded sideways while the market tried to figure out how to price DNDN. It ended up at a small premium to what it was trading at before the initial breakout. It then gapped higher after a letter from the FDA and basically retraced the entire move. It had a nice candle form on good volume today and it could bounce higher now as the market tries to reprice all the recent information. Again, this is a risky stock, so please do your own DD.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Back from Vacation Posted by downtowntrader | 6/26/2007 09:42:00 PM | 0 comments »

I'm back from vacation and should resume regular posting tomorrow. I haven't had a chance to really dig in and look at some charts, but it looks like the S&P is falling apart. The Nasdaq looks like it is in much better shape, and as long as it is in good shape, the bulls should have hope. Check back tomorrow for some charts.

Joey

Stock Chart Analysis GSOL Posted by downtowntrader | 6/19/2007 10:26:00 PM | 0 comments »

Stock Chart Analysis GSOL

Global Sources Ltd. (Bermuda) (Public, NASDAQ:GSOL)

GSOL has been consolidating above a recent breakout and pivot resistance from over 2 years ago. It is closing in on all time highs and could cause a nice short squeeze if it makes a run. The recent action could be called a breakout of a cup and handle base, followed by a consolidation. It may pull back a little further, but it looks pretty bullish overall.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis RACK Posted by downtowntrader | 6/19/2007 10:18:00 PM | 0 comments »

Stock Chart Analysis RACK

Rackable Systems, Inc. (Public, NASDAQ:RACK)

I highlighted RACK before as a stock possibly finding a bottom. It attempted a breakaway gap but ended up coming back to fill it. It has been trading on declining volume and narrow range days as it consolidates. It is now at it's rising 20 day sma and it might use it as support. If tech stocks move, then RACK may attempt rally.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SSRI Posted by downtowntrader | 6/18/2007 09:54:00 PM | 0 comments »

Stock Chart Analysis SSRI

Silver Standard Resources Inc. (USA) (Public, NASDAQ:SSRI)

SSRI is giving us a pretty good clue as where institutions are stepping up to buy. Look at the consistent buying in the mid 30's as SSRI consolidates. This is one of the few precious metal stocks to remain unscathed by the past few months correction in miners. This can be a tricky trade at times, but it looks like it is close to breaking out of this triangle.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Happy Fathers Day Posted by downtowntrader | 6/17/2007 09:49:00 PM | 0 comments »

I don't have time to post my usual charts tonight due to Fathers Day stuff going on. I'm not too crazy about chasing stocks here as I posted on the other blog. A few that I'm keeping a close eye on this week are GSOL, GROW, PHRM, SNDK, GRA, ASTI and LMRA.

Good Trading,

Joey

Covestor Invites Posted by downtowntrader | 6/15/2007 01:59:00 PM | 0 comments »

I have been given a few Covestor Invites to share with my readers.

Covestor is:A real-trade sharing service for proven self-investors. To share your real investment decisions, gain recognition and earn fees by helping others

Where all data is private, normalized and anonymous, and membership is free.
With Covestor, you can:
Build a track record. Professional grade tools measure and display your normalized results. These validate your performance and build you a track record comparable to professional hedge funds. Our secure broker link makes it effortless to upload and update your holdings.
Choose how widely to share your activity. You choose whether to share your track record publicly or just with other Covestor members. Covestor 'widgets' also let you export your verified performance and rankings to your personal blog. Members get free access to all Covestor profiles, transactions, and commentary.
Get feedback and ideas from other Members. See what other members are investing in and why, in near real time. In addition you can benchmark your own performance, and see where you rank.

Earn financial rewards. Covestor will be adding a regulated investment service. If you choose to be compensated you will receive an annual data fee for every follower you have.

Here is a recent Seeking Alpha article that discusses Covestor as well.

If anyone is interested, let me know and I can email you the code.

Joey

Newer Posts Older Posts Home

hefeiddd · 发表于 2009-3-19 14:32

Stock Chart Analysis MOS Posted by downtowntrader | 7/23/2007 09:50:00 PM | 0 comments »

Stock Chart Analysis

The Mosaic Company (Public, NYSE:MOS)

MOS has been on a heck of a trend since February doubling in price in that time. It has been resolving into a triangle over the past two months as volume decreases. The bollinger bands have squeezed real tight perhaps foreshadowing a sudden increase in volatility soon. I am keeping an eye on it to see if the move is higher. If it is the move could be similar to the one leading into the triangle.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis VRGY Posted by downtowntrader | 7/22/2007 08:24:00 PM | 0 comments »

Stock Chart Analysis VRGY

Verigy Ltd. (Public, NASDAQ:VRGY)

VRGY had a high volume breakout in May and then promptly decided to go nowhere. It has been trading sideways which has allowed the 50 day simple moving average to catch up to it. It has successfully bounce off this sma in the past so I am looking to see if that trend will continue.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SPN Posted by downtowntrader | 7/22/2007 08:19:00 PM | 2 comments »

Stock Chart Analysis SPN

Superior Energy Services, Inc. (Public, NYSE:SPN)

SPN has been trading sideways after breaking out of a multi year base. Usually these triangle like patterns end up resolving as continuation patterns which would predict a breakout. While I've been suspect of the oil sector short term, SPN looks like a pretty good candidate if the strength continues.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis BEC Posted by downtowntrader | 7/22/2007 08:13:00 PM | 0 comments »

Stock Chart Analysis BEC

Beckman Coulter, Inc. (Public, NYSE:BEC)

BEC had a strong move to breakout of the base shown below. It is pulling back to test the breakout area on declining volume. Look for it to find support here if the breakout is valid. There is some resistance above in the form of a previous all time high, however, it looks like it is poised to move higher from here.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Trader Interviews Posted by downtowntrader | 7/21/2007 12:16:00 PM | 0 comments »

Tim Bourquin of TraderInterviews.com, and founder of Traders Expo has been focusing on bloggers recently in his interview series. I just recently caught up on some recent interviews and most of these have been really good. I am linking to a few below. If you missed mine, you can find it here. I will also be adding these bloggers to the blogroll if they are not already there.

Trader Mike: Most people who read my page are already readers of Mikes as he is one of the most popular bloggers in the internets blogosphere. If you haven't dropped by before, you owe it to yourself to visit his site.
Teresa Lo : Great interview by Teresa as she details why she moved away from discretionary trading to mechanical trading. You can find her site here.
Toni Hansen: Fellow Floridian Toni's interview was also very interesting detailing her evolution from swing trader to a combination of daytrading and position trading. You can find Toni's site here.
Miss Trade: Misstrade is a fellow blogger I had not heard of until I listened to the interview. He goes into great detail on how he manages his portfolio. This is a good example of a trader who is successful with a simple but solid trading system. Check out his blog here.