一个笨蛋的股指交易记录-------地狱级炒手

hefeiddd · 发表于 2009-3-20 08:49

4 Stocks under $10 Posted by downtowntrader | 1/10/2006 02:20:00 PM | 1 comments »

These are four stocks showing strength today that are under $10. CMT and PRLS are on IBD's top stocks under $10 list. I've been waiting on BCON for some time now, and this may be the beginning of an alternative energy run. Look at SPIR, DSTI, SPWR, etc. today. MMUS has been consolidating a previous large move, and looks very interesting.

Disclaimer: I own all of these.

Problems with Charts Posted by downtowntrader | 1/10/2006 11:38:00 AM | 1 comments »

I heard that some people are having problems zooming in on my charts. I use Firefox and don't have any issues. I tested with IE and it works if you hover your mouse towards the lower right hand side and click on the enlarge button that pops up. There is an example below. Let me know if anyone still has issues by posting a comment. Thanks,

DT

Dow 11K Posted by downtowntrader | 1/09/2006 09:50:00 PM | 1 comments »

Dow broke 11 thousand today and everything seems peachy. This usually means it's time to take a little off the table. We had a little warning today as I think the smart money is anxious to take a little off the table. But there is also the chance there is a lot of anxious money on the sidelines that was waiting for the break of resistance. Either way, caution is prudent. The first few charts highlighted tonight are stocks that I am targeting if and when the market pulls back. I will not buy right now as they are all extended from decent entry points.

KOMG: Broke a cup and handle and is near pivot point, but I think it's best to wait on this one as market is extended and this move looks like it needs a little consolidation.

JOYG: I sold all my shares already and will wait for the pullback. Volume looks good but there are index funds that are required to add JOYG after they were added to NAS100.

I've been targeting NWRE and will buy on the next pullback.

POWI: This looks like a heck of a move and should pullback or at least consolidate into a flag.

TTI: may of started slowing down. Look at volume on breakout.

TRAD: Added to IBD 100 after closing over 15. Strong volume with this move.

The following are stocks I own but may still be playable.

SUF: I would normally not recommend any stock that had moved 25%, but I think SUF is under heavy accumulation. I am holding at this point and for the foreseeable future.

MTXX: I hate to buy this late in the game, but MTXX looks like a decent play here. I took a small initial position and will watch to see if I should add more.

MNST: I like this as an intermediate term trade. Chart looks good and I think there are a couple things favoring a move up here. Monster.com is in a hot sector and has a strong IBD rating (see below). Also, I think tech spending may be up this year, and the tech job market may be strengthening. Tech jobs are high paying, and therefore MNST would get higher commisions for these types of jobs. Chartwise, the MACD just crossed and volume is increasing on the breakout. Near term swing target is near 46, but this may become a core hold for me.

Good Luck,

DT

Blog Issues Posted by downtowntrader | 1/09/2006 11:49:00 AM | 0 comments »

Looks like I may of had blog issues last night. I have rebuilt the template and it should be OK now. CMED and REDF are rocking today. Took a position in MTXX and PRLS. Will post an update later tonight.

DT

hefeiddd · 发表于 2009-3-20 08:49

Sunday Night Update Posted by downtowntrader | 1/08/2006 09:53:00 PM | 0 comments »

We had a nice week last week and might be a little extended. I am leery of initiating new positions, but I think there are two sectors that bear watching. Obviously Gold and metal-ores have been rocking, but Oil Services has been very strong lately too, and may continue rallying even if indices pull back or consolidate. Watch OIH if you are playing the Oil services plays. Also, while Gold has been getting the Pub, silver and copper are experiencing their own bullish breakouts.

Here are charts of silver and copper. Both have a shot at breaking to new highs.

Here is a silver play that has been performing well. Tried to fill gap and bulls didn't let it drop. That may be a clue that this run isn't over.

This may be ready to break an ascending triangle.

PCU tried to break out and pulled back. May attempt a breakout again if copper rallies.

This is one of the Oil service plays.

And another.

MTXX may be ready to resume breakout.

MNST may pull back and try and fill small gap.

BOOM broke and closed above recent resistance. They may come back and confirm support at 32's.

CMED had a bullish bounce off support last week, and got bordered on IBD this weekend. They may be able to break upper resistance line.

I am watching PRLS for a breakout over resistance line.

Good Luck and be careful of chasing stocks up. There is sure to be a reversal soon even if it only to consolidate recent gains.

DT

Update Posted by downtowntrader | 1/05/2006 07:30:00 PM | 0 comments »

I won't be posting charts tonight as I am in a poker tourney. Keep an eye on a couple of small caps tomorrow as the general market is getting a little tired. I like DIET, CKCM and HAUP here. Also, CMT has been acting funny the past few days, so it may be worth keeping an eye on. Stocks pulling back that are becoming attractive are MMUS, SUF, MCX and REDF. I am looking to the next few days of consolidation to target a few stocks. I will post the charts tomorrow or over the weekend. Also, a lot of what I posted the past few days is acting well, which has me encouraged about our outlook over the next few weeks.

Good Luck,

DT

Bullish breakouts Posted by downtowntrader | 1/04/2006 09:35:00 PM | 0 comments »

There were a lot of bullish breakouts today and there may be some follow through tomorrow, but that is far from a sure thing. Keep the overall perspective in mind.... we are back up to resistance and there is a chance that tomorrow is a down day or late reversal day. With most stocks up, it may be wise to take advantage and sell what you are iffy about and focus on keeping your horses. I took advantage of todays rally in ford to lighten up, and I also sold lifc outright.

Yesterday I mentioned the contest I had with a few friends of mine. Below are the picks we came up with. I will update our positions from time to time. I can almost gaurantee that at least one of these will be a big winner this year, and there is a chance that you will see a few perform pretty well. I can also say that at least one of these will disappoint. All of these are based on yesterday's closing price. It's a long year, so let the race begin.

downtowntrader: cmed and redf
Nice start today as CMED had a strong day and may be breaking out of its base. Look at last nights post for charts.

btuff: ckcm and ngps
btuff is mostly fundamentals oriented and he really loves these. NGPS had a great day and CKCM has an improving chart as well.

doc: vphm and eln
two bio's is pretty risky, but this is a homerun swing if I ever saw one. both of these have the potential to double from where they are at.

lionshare: amd and jdsu
last years winner. sticking with his tech specialty. thinks it will be a big first half of the year for amd.

paige386: SVMFF and RUTH
SVMFF is a canadian silver stock that trades in the US under SVMFF or SVM.TO. Too confusing for me :). RUTH is an interesting pick that may be bottoming out.

smorg: IVN and SVMFF
More canadian mining and ores companies. We all think Gold and Silver will rock most of the year, although I think there is a pullback coming.

Although it's very early, I would like to brag that I am ahead so far.

Here are some interesting charts.

MTXX: I like this and it is breaking out of a rectangle trading range. Only problem is that this was a 10 percent move today. Woth watching though.

SBUX: Starbucks may be headed towards a long term breakout. Look at previous MACD crosses and on a weekly chart you will see that if this box is broken it should be smooth sailing. Also got a little mention on IBD tonight.

MMUS: I posted on this a few nights ago, and we had a pullback to the trendline that should serve as support. Volume is very light on pullbacks.

NDAQ: This should be interesting. I like NDAQ, and my gut says it will go up, but there is a lot of converging support and resistance here, so a move should be imminent.

PETS:Read notes on chart.

Good Luck,

DT

Contest

hefeiddd · 发表于 2009-3-20 08:50

Contest Posted by downtowntrader | 1/03/2006 09:53:00 PM | 0 comments »

Stock contest year 2. A few friends and I got together last year and played an impromptu game. We picked two stocks each with the idea that it would be a hold till next year. We paper traded of course, cause I would never say I won't sell, but it's an interesting game. You don't want to pick something that is overextended already, but you don't want to bottom fish either. Last year I failed miserably, picking TOPT and JNPR. We did it in December last year andI ended up down 35% average. The winner picked AMD and NVDA for near 55% average. I liked gold this year, but decided to stay away from a specific sector play. My two picks for the year are CMED and REDF. I thought about VPHM, MNST, BOOM, MRVL and a couple others. If anyone has some in mind, feel free to leave a comment.

DT

Nice Charts Posted by downtowntrader | 1/03/2006 09:43:00 PM | 0 comments »

Not sure if we will get follow through on this rally, but here are some good looking charts.

Nice Bounce Posted by downtowntrader | 1/03/2006 07:12:00 PM | 0 comments »

Well that certainly qualifies as a nice bounce. We are not of the woods yet, but today's action was positive with volume swelling at the right time. I will post some new charts later tonight.

DT

Technical Bounce? Posted by downtowntrader | 1/02/2006 09:08:00 PM | 0 comments »

Santa didn't come this year (or you can say he was early) and everyone is expecting a January slide. I think it is possible we get a technical bounce at the least in the coming days. Indices (nasdaq in this case) usually don't leave gaps for too long and indicators are starting to be oversold. While this is probably not the time to be initiating any intermediate trades, I am focusing on weekly charts for most of this post. It is important to keep the longer term trend in mind when initiating a position in any stock. Also, sometime the weekly chart gives a more clear picture on some of the more volatile stocks and also shows volume increases better.

SUF: Look at the volume increase on the triangle break on the weekly chart. This may be coming into the radar screens of more institutions as the share price increases. What I like about this stock is the ascending triangle on the weekly......

and bull flag on the daily.

MMUS: Look at the volume here. Also, last candle is pretty bullish.

SLW: This a recent IPO in a pretty hot sector. Volume is building here as well, as the name becomes more well known. This tends to be lumped in with all ores, but the are a silver stock. Weekly shows a nice uptrend....

and daily show consolidation over 5.50. Volume looks good here too.

TALX: Made number 1 on IBD 100 which helped it break the triangle. Now it is pulling back to the breakout area and could take off from there.

LIFC: Candle pattern wise, this is an interesting setup. piercing patter on trendline confirming several previous candles on same trendline. This may head to red dotted lines which should serve as resistance.

NWRE: Pulling back to breakout area.

CMED: May be trading in a bull flag on the weekly chart. Volume decreasing in Flag and daily chart show stock near support.

GG:I like gold stocks but not sure if this is them time to go long. I am watching GG though cause they are the closest to a base. This chart looks downright bullish and the daily doesn't look to shabby. My concern is with market being oversold and Gold maybe being a little extended. I would love a pullback in the sector.

CKCM: While the daily chart looks like a mess, I like this weekly chart. Could bounce here as daily is showing 200 sma as support.

I have several other I am looking at, but I have too many stocks to watch right now. I will be taking a closer look at the following names soon:
holx
CBG
chs
bbd
cib
ubb
cpa
mrvl
vlcm
wthn
pets

Good Luck and may 2006 bring health and prosperity.

DT

hefeiddd · 发表于 2009-3-20 08:51

Update Posted by downtowntrader | 12/26/2005 10:06:00 PM | 1 comments »

Here are a couple of charts to look at. I am still on vacation, so I am not looking at entering anything new, however these are stocks I hold positions in.

PETS: Pets debuted on the IBD 100 at #11 this weekend.

BOOM is forming a nice pennant here.

ANF closed above an ascending triangle which is bullish. However, I will be careful as there is resistance above.

Good Luck,

DT

Vacation Posted by downtowntrader | 12/22/2005 09:06:00 PM | 0 comments »

I will be on vacation tomorrow and most of next week, so I will not be posting much. There were some decent moves today but overall the market didn't seem as strong as you would think with the averages up. Here is an hourly chart of QDEL with fibonacci fans. Watch for a break of the 50% fib fan to go long.

Good Luck and Happy Holidays,

DT

Let's talk triangles Posted by downtowntrader | 12/21/2005 10:14:00 PM | 0 comments »

One of my favorite patterns in a market that has been consolidating is the triangle. It seems like there are a lot of triangles showing in charts so we may be getting ready to make a move here. If you see a bunch of triangles failing, in other words false breakouts, heed the warning and trim back on positions. That usually means the markets will turn sour and that is how it warns us. Failed breakouts are because too many people are anxious to lock in their profits. Here are a few triangles, some have already moved out of the base and others are still testing the trendline.

Motorola is not in a triangle like base, but this may be classified as a pennant. Watch for a close out of the channel. Indicators are looking good as they were deeply oversold.

Good Luck

DT

Interesting Charts Posted by downtowntrader | 12/20/2005 10:23:00 PM | 0 comments »

Here are some interesting charts i'm watching.

PNRA may bounce off this trendline.

The next two stocks are in deep corrections. Sometimes the last few days are panic induced so you may be able to get a bargain. The best thing is to not be greedy and try and get the exact bottom. Wait for it to settle down.

MCX selling may be getting out of hand here. I will watch this over the next few days, although I can't see many scenarios where I will buy this tomorrow. Maybe Thursday though.

QDEL is an example of one that is playable. Made the hammer and then had a higher high today. There are still sellers which can be seen by the long upper shadow today.

NBIX:This has been consolidating and is forming a little triangle. There is a lot of resistance in the upper 63's so be careful. This may end up being a short if the next attack on 64 fails.

GILD: Another one that could go either way. Looks like it bounced off the trendline but there is still plenty of overhead resistance. Worth watching though.

ANF could breakout soon. It is also forming a nice triangle and a larger cup and handle base.

Good Luck,

DT

hefeiddd · 发表于 2009-3-20 08:51

Energy Rebound? Posted by downtowntrader | 12/20/2005 10:12:00 PM | 0 comments »

I think we will see a rebound in energy / oil service stocks here. Let's start with oih who had a bullish engulfing pattern after touching the trendline.

This is a former high flyer who has been consolidating. This is not a sure thing, but I will be watching it here as it is near support.

This is a good looking chart. I like GRP and there is a logical stop area..

INT also looks decent here. Right at support and with a sector that may turn up soon.

I've been early before, and may be early again, but I think these charts are worth watching the next few days.

DT

Up and down day Posted by downtowntrader | 12/20/2005 09:11:00 PM | 0 comments »

Lots of good shorts this morning, followed by some good longs in the afternoon. Hopefully some of you shorted IFO, NTAP and VPHM this morning for decent profits. I will post some charts later tonight.

DT

some charts (short side) Posted by downtowntrader | 12/19/2005 10:15:00 PM | 0 comments »

Is it time to short goog? I'm sure some piled on early today, but i would wait for a break of the trendline. Lots of negative divergences.

I was watching NTAP as a long recently, but it failed pretty badly at resistance, so it may follow through and come down to close window.

Wacthing IFO for a break of the trendline. Look at declining RSI and CMF as price is rising.

MNST is another long that failed, so it may be a short now. Has good support below but keep an eye on it.

Also still watching VPHM to the short side as well. There is still a chance that we still get a rally here as the market tends to take the side of the minority, but in the real near term, we probably still need to bloody the street a little more. Be careful as volatility will surely increase in the next few days.
Good Luck,
DT

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hefeiddd · 发表于 2009-3-20 08:52

A few charts to look at Posted by downtowntrader | 12/18/2005 11:04:00 PM | 0 comments »

Here are a few interesting charts.

LMIA: Doji at the 38.2% retrace and previous resistance. Wait for confirmation, but this has been a very strong stock.

CTHR:Nice move Friday off the trendline. Nice support below.

REDF: Careful with this one as it may be in b of an Elliot Wave abc correction. I would love for this to fall near the 20 sma, but will be watching for a breakout.

CMT: Read comments on chart.

VPHM has been steadily climbing but has been quietly struggling with a trendline that was previous support. I am watching this for an attempt to close the window (gap) above. If it falters, may be a decent short.

NDAQ: Read chart notes. This could make a decent daytrade as well as a swing, as volume is ok and there is a decent target near the red downtrend line.

ANTP: Retested support and held. I will enter if it makes a higher high tomorrow.

CMED: CMED looks like it broke the triangle Friday, but pulled back slowly on decreasing intraday volume. I am showing a fib fan of the most recent leg up. Cmed is currently on the 61.8% retrace and could follow this fan line up.

Also on my list
BCON: Very weird close friday with a huge buy at 4:00pm. (no options on them)
MNST: Looks like the may have succesfully tested support
SNTO
AOB
SVA
FFIV
MRVL
RNWK
QDEL: I think bottom is in. Should pop up a little and come back and retest.

Good Luck,

DT

Fibonacci Fans Posted by downtowntrader | 12/18/2005 06:36:00 PM | 0 comments »

Fibonacci Fans are one of the tools I use to try and find areas of support and resistance to either go long or take profits. I try to find areas where support or resistance would normally be found, as well as look for a convergence of signals from my indicators. Here is an example of a trade I took where almost everything lined up very nicely. HAL had closed while forming a double bottom. The next day it built the right side of a cup and handle (shown in yellow) on the intraday 5 minute chart. I started watching it as it was pulling back and forming the handle. Since the low and high were defined at that point, I drew a line connecting the two, and looked at the fibonacci fans it formed. If your platform doesn't support fibonacci tools, I recommend looking at medved quotetracker. It has a free version as well. It looked like HAL was respecting the fib fans on the pullbacks so I watched as it pulled back after lunch. Everything came together where I drew the red square. First HAL started finding support at the 200 period ema. Second, the Slow Stochastics crossed back into normal territory from oversold. There was an ADX crossover and HAL reclaimed the 20 period ema at the same time it was breaking the resistance line from the pullback (shown in orange). The fib fan confirmed everything as it was a 61.8% retrace. The fib fan also accurately showed resistance at the 50% and then the 38.2%. The other factor which is often overlooked is what time all this happened. I have much more faith in a breakout starting at 2:00pm then sometime between 11:30 and 1:00. One could of taken partial profits once HAL started to fight with the 50% retrace but it never seriously threatened the 20 period ema after it broke out. The trade was closed after it pulled over the 32.8% fan line and then formed an evening star like pattern. It was also near 4:00pm, so it was a convenient exit.

I use fib. fans almost exclusively on intraday charts but once in a while check it on daily charts. Here is an example of the Nasdaq composite showing a fib. fan. There is some subjectivity as to where the high and low of the trend are, and I chose the first high here, before it started trading sideways. The composite has been trading sideways for about 17 days now and should start a move to either direction soon. The bollinger bands are tight and the 10 and 20 period sma's have converged with an ascending trendline. I am looking to the fib fans as potential support if it breaks down.

Now an important observation I haev made, is that fib fans don't act as classic trendlines do. They are more like magnets and the stock tends to trade around them. So if it breaks one it will either trade a few days hugging the opposite side of the line, or it will fall back (or up) near the next line. I never rely on just fib fans, but they are useful if you are looking to confirm your own trendlines or indicator analysis. Good Luck out there,
DT.

I will post an update on what I'm watching later tonight.

DSL problems Posted by downtowntrader | 12/16/2005 12:24:00 PM | 0 comments »

Sorry for the lack of an update last night.. I'm having DSL problems. Check out CMED from my earlier post this week, as I think they are poised to break out of the triangle today. Also, NDAQ may be ready to move from the recent touch of the 50 day sma, NILE broke out, and QDEL looks like it is bottoming out.
Good Luck,

DT

Some charts Posted by downtowntrader | 12/14/2005 09:58:00 PM | 0 comments »

I had a few good ones on my list from last night including ENG, CKCM and YHOO. Too bad RHAT was upgraded overnight as I didn't get a chance to enter. Here are a few on my list for tomorrow. Other's on my list not listed below include DLB, PWR, SNTO, VLO, ANF, and NTAP.

CMED: This is probably tops on my list.

IFO: May hold the trendline.

TRAD: looking for a bounce off the trendline here.

NILE: Finding support on the blue line. Should try and close the window in between the dotted blue lines.

NDAQ: May of sold off too hard, and may be ripe for a bounce off the 50.

Update Posted by downtowntrader | 12/14/2005 08:34:00 AM | 0 comments »

These are on my watchlist today, although I probably won't trade much today if the markets don't pick a direction.

boom
swings

rhat
ffiv
eng
ckcm
slw
dna
gild
nbix
sva
cmt
haup
snto

daytrades
amzn
yhoo
grmn
sbux
pnra
vphm

hefeiddd · 发表于 2009-3-20 08:53

Quick Update Posted by downtowntrader | 12/12/2005 09:57:00 PM | 0 comments »

This is a tricky week to trade as there is a Fed statement tomorrow, options expiration later this week, and this is probably the last week of healthy volume this year (due to year end vacations). That being said here are a few charts that are interesting.

BCON: This is what I posted in early November. "I may be a little early here, but I believe the "Smart money" has begun to accumulate here. Look at volume the past few days quietly coming in. I picked up a few shares, and will add as it pulls back. I will sell if it breaks down below 1.60-1.65 ish, but my guess is that it won't get there. I bet that there will be an announcement or some sort of news that will propel this higher once the smart money finishes what they are doing. Just me speculating, but this one has some good backing." Spiked pretty good today, then pulled back. I don't think it's too late to join the party here but it needs to close over the 50sma soon.

SNDK:Watch the downtrend line carefully here if you are long.

BOOM: Nice move today after a few days of sideways action. Although that black candle looked pretty nasty, BOOM never penetrated the body of the white candle that started this move. This is also the first candle to close at HOD on this six month chart, at an all time closing high by the way. Sounds pretty bullish to me.

ANTP: I've been waiting for this break for some time. I will probably enter this tomorrow as a swing as I don't expect ANTP to swim with the markets per se.

NVDA:I've been watching chip stocks and NVDA looks like it will try and fill the downside gap. Hopefully some of you took advantage of my post thursday night on chips reversing the opening weakness to close strong on friday. I went long on nvda and mrvl, and both are up a little. Hopefully the fed doesn't screw anything up tomorrow.

MNST: This is one of my favorite plays. I scan for stocks in an uptrend and try to find stocks pulling back to support. I wait for a hammer, doji, bullish engulfing, etc at support. Then if next day is higher high, I enter, and set stop below the hammer, doji, candle. The trick is where to take profits.

Thursday Update Posted by downtowntrader | 12/08/2005 10:00:00 PM | 0 comments »

We are in a state of indecision right now. It seems like big players want it to go up, as they try and lock in profits at the same time. How else can you explain target increases all over the place and then the stocks start spinning their wheels (ie, aapl and goog)? Last two days have had attempted rallies at the end of the day, so we may not be in for a correction just yet. If you are shorting these markets lock in at least partial profits sooner then normal, as bulls haven't thrown in the towel just yet, and that leads to a choppy environment.

Here is a quick chart on PWR. With the markets pulling back the past few days, I am looking for stocks that are close to support and where sellers may be done. PWR has a few support areas here, so I will keep an eye on it.

Others that turned up on my list:
mrvl: keep an eye on semi's tomorrow afternoon. They will open weak on intc guidance, but may turn around later.
osur
hal: see previous post.
int: see previous post
rbak
mnst
smtc
vclk
intu
rmbs
sbac

Good Luck,

DT

Wed. 12-07-05 Posted by downtowntrader | 12/07/2005 09:43:00 PM | 0 comments »

Sorry for the lack of updates. Blogspot was down a couple nights ago and I was out last night. I'm working through a new system for my nightly scans so the updates will be a little lean until I work out the kinks in my new system.

We will start off with a chart of boom that most probably don't look at. The daily looks pretty messy, specially with the last two volatile days, but take a look at the weekly on boom. It sure is a pretty chart. Notice that boom has held above the triangle breakout.

Next up is BCON. If you're a regular reader, then you know I've been looking for BCON to bottom out around here. Volume is ticking up again and it just needs a little kick in the pants to get over the 50sma. Formed a doji today which could be a warning, but keep in mind that we are bottom fishing here, and patience is required. It won't run to 5 in one day.

I happened to pull up the SIRI chart last night, and noticed an almost perfect inverse head and shoulders. Check it out in light blue. I want to buy near the lower trendline, but may not get the chance. With XMAS around the corner and Stern right after, there may enough catalyst to kick start SIRI soon.

Update Posted by downtowntrader | 12/04/2005 09:28:00 PM | 0 comments »

How long can the bull rally keep it up... a little longer I suspect. I re-established myself to 100% long Thursday and Friday. The market will stop me out when it's ready to correct, so I feel comfortable right now.

On my watchlist for tomorrow
PWAV, NTAP, QDEL, WM, WB, BBY, MLNM, AMTD, CFC, AGN

I entered the following Friday, but they may still be playable
NDAQ-I'm pretty excited about this one. If it makes a new 52 week high, watch out. It could be forming a double top though, So I will prob. take half off the table soon and just add it back if it breaks out.
NBIX-This has been a good performer recently and after selling out over 62, I just re-entered after the pullback.
NITE-Looks like it may want to test 52 week high.
FDRY-Hit a new 52 week high and cleared the recent consolidation.
RHAT-See Chart for comments.

Here is the NDAQ Chart:

RHAT:

Here is a chart for PWAV:

and NTAP:

Here is a chart for NBIX.

Looking to close
KOMG-It's had a good run from 30, so I want to lock in what I have left in them.

Good Luck,

DT

hefeiddd · 发表于 2009-3-20 08:53

Bounce back day Posted by downtowntrader | 12/01/2005 10:57:00 PM | 0 comments »

We had a nice strong up day today as bulls came back into the market. Funny enough, the energy sector participated this time, and most of the stock I highlighted a few nights ago were up nicely. I'm in the process of testing out a stock scanning tool that will hopefully speed up my evening study time, so until then, I think the updates will be brief. Here are a couple charts.

NBIX: Looking to re-enter if it makes a higher high tomorrow. Selling may be done for now.

CMT:I can't believe I let this slip away today. I've been watching CMT for a week now, waiting for today, and unfortunately, I missed it. I will look to enter on any weakness, as I think this is just getting started.

I highlighted IIJI a few nights ago, and today was what I was looking for. Nice volume too. I will lock in some profits tomorrow if it runs again, and start following it up with a trail stop.

A couple others that turned up on my scans were ndaq, hban, urbn and lend. Check them out in your charting software.

Good Luck,

DT

Tuesday Posted by downtowntrader | 11/29/2005 10:09:00 PM | 0 comments »

Just a quick update tonight. Also, there will not be an update tomorrow night as I will not be home till late.

QDEL: Got a bullish on Cramer and was trading up in after market. Keep an eye on it as sell off was a little overdone on Monday.

VPHM: Despite the negative news and resulting gap down, VPHM finished quite well. Could be a double bottom at support so watch for a higher high tomorrow. Pivot point would be 18.74.

HOM: May be another reversal here. Didn't hit lower trendline or even 50 day sma after share dilution news which may be a bullish signal.

I also found these that look pretty good. Put these into stockcharts candleglance. A few of these look pretty good and I will look at them more closely in the morning.

apcs,fdry,rvsn,pwei,endp,joyg,eagl,webm,radn,ctlm

Good Luck tomorrow,

DT

Monday Night Update Posted by downtowntrader | 11/28/2005 09:31:00 PM | 0 comments »

I can't say today was unexpected as I have even warned in the past few updates of a market reversal looming. That said, even while taking profits and tightening my stops, I still lost more then I wanted. And, I guess the energy rally I thought might happen fell apart. Maybe I'm early, but every energy stock I highlighted last night tanked today. Not sure how tomorrow will play out as sometimes there is an immediate bounce, but I will be suspect of a strong open. There will be risk of a late day reversal if the market opens strong. I will start tonight with a 1 year NASDAQ chart.
I don't know that we will retrace a full 38.2% here, but we will have a healthy retrace at some point. One thing that scares me, is everyone is expecting a Santa Clause rally, including me, but when the market has a funny way of doing the opposite of what everyone expects.

I actually bought IIJI today on the higher high. They held above the trendline so I'm optimistic. This stock has had it's share of drama with the whole IPO deal, but it looks like the worst may be over. If it makes a new 52 week high, I think it could get explosive.

Also went long LMIA today. Strong move in the face of a weak market.

I thought HAUP may of retraced 38.2% but they ended up near a 50% retrace. I took a small position and will keep an eye on it.

I have a few more on my watch list including HOM, CMT, SVA, NBIX, KOMG, QCOM and MRVL. Good Luck tomorrow,

DT

HAUP Posted by downtowntrader | 11/28/2005 01:45:00 AM | 0 comments »

An anonymous reader asked me to look at HAUP, and it looks very interesting. These kind of moves are hard to trade because it moved so much and so fast in one day. I will watch this one and if it takes off, then I may go long. Read on the chart for some analysis, but the main thing I like here is the volume. It's not a lot relatively speaking, but it is substantially more then this stock trades normally. This will show up on a lot of stock scans over the weekend, so I expect another high volume day. The question is does it try to pull back or does it just keep going up. Should be interesting. Thanks to anonymous for mentioning it. Good Luck and I hope this helps.

DT

Strategy for three current positions Posted by downtowntrader | 11/28/2005 01:27:00 AM | 0 comments »

Most sites post stock picks, but you never hear what happened to the trades, so I'm gonna try and go through my thought process on three current holdings. I've chosen stocks that I'm still in, as opposed to stocks that I got stopped out of such as BRCM or SVA. Also, I feel that these stocks are still playable. I am also highlighting a new stock that looks like a possible swing setup for this week.

NGPS: My plan was to give this one a little room because the reward greatly outweighs the risk. I feel that NGPS can trade to $36 based on the double bottom base. It also broke through a long downtrend. I'm keeping my stop below the 10 day sma at this point and I may add if it makes a higher high.

TRE: I bought this at 3.19 and had an initial target at the upper range of the box ased on the triangle breakout. I took profits on half of my position at 3.69. I bought those shares back and a few more at 3.40. The reason I bought the shares there was that my stop at the time was 3.30. I sometimes buy more shares when the stock pulls back to my stop, because I choose my stops based on where I feel support will be and the risk reward justifies adding there IMO. Not all trades work out and I get stopped out plenty of times. But when it works, the reward is usually substantial. I think TRE is geting close to moving higher again. They have pulled back gently to the 10 day sma and near the trendline. Look down the chart and see what happened last time this happened.

SLW: This is one that I screwed up on early, but I bought it back when I saw I was wrong. I let this one get away from me on the first breakout day out of the triangle. I chased it a little, but still bought where I thought was decent (4.85). It traded to resistance and I didn't get filled. I had my stop at 4.90 and was stopped on the hammer day (next day). When it traded higher the next day, I felt that the hammer would be the low for this pullback, so I bought back my position at 5.12. I then bought more at 5.00 the Wednesday because it was close to my stop and I fel there would be support. I am still holding this as I think this is the start of a new leg up. I am keeping my stop below Fridays low for tomorrow and will adjust accordingly tomorrow night.

CMT: They are trading in a loose bull pennant. If the upper trendline is broken it can be played. If 8 is broken then this could get exciting. 10 day crossed the 200 and 20 is trying. Keep an eye on it.

Also on my watch list for the week are lmia,cbg,iiji, ipii,antp, rnwk,sva,mrvl, brcm,qcom.
Good Luck,

DT

hefeiddd · 发表于 2009-3-20 08:54

IBD Stocks Posted by downtowntrader | 11/28/2005 12:36:00 AM | 0 comments »

I tried something new tonight in my stock scans for weekly swing setups. I downloaded the entire IBD 100 and looked at them in stockcharts candle glance. Then I jotted down what looked semi interesting. Then I looked at each one individually. These are the 5 I found the most interesting. There were a lot that looked tempting but may be overextended. I tried to look for stocks that had decent entries. There might be a possible clue here for the markets this week as well. GRP,HAL and INT are tied into oil in one way or another.

ITRI broke the downtrend and is in the process of testing the pivot point. Looks like possible resistance at Prior pivot high.

INT: This was probably my least favorite chart, but technically it is over the prior resistance line. A higher high would probably mean a retest of the high from a few days ago.

HAL: I've never been a fan of HAL, but this chart looks pretty good. Not sure if it will pull back here, but it broke out of a double bottom base, and is testing the pivot point. If this follows through, the target is near a $10 move.

GRP: Nice contracting triangle here. If this makes a higher high tomorrow it would probably be the break of the downtrend line.

MOT: At first glance this looks like it wants to retest the cup and handle pivot point, but last candle shows the bears couldn't bring it lower.

DLB Posted by downtowntrader | 11/25/2005 11:17:00 AM | 2 comments »

Forgot to post this chart in the previous post. DLB had a breakout move and has been consolidating. Formed a doji at previous resistance (which shoud serve as minor support). Keep an eye on it as the breakout move was strong.

Turkey Day Update Posted by downtowntrader | 11/24/2005 11:01:00 PM | 0 comments »

Happy Thanksgiving to everyone. Haven't been able to post much lately, as I've been pretty busy outside of trading. I will probably not trade much tomorrow, if at all, but I have a few interesting setups for swing trades.

First, though, I would like to comment on the overall market. Wednesday, there was a late day reversal although it was on low volume. This was dismissed as people closing out trades before the holiday weekend, but as short term traders we need to keep in mind that the markets have been overbought for a while now, and there should be another reversal coming soon. Bull markets close strong, not weak, and when there is weakness at the close, it could be a hint of anxious holders wanting to start locking in profits. We are still in a rally, but I say start protecting some profits.

I've read in a few places about oil and energy stocks looking to find support soon, and a possible rebound in oil prices with colder weather starting to set in. The oih etf has been rebounding and it seems like money is flowing back into the big cap energy stocks. I will play this a little differently though. When oil was running recently, alternative energy stocks had some pretty good runs. With that in mind, I think it's time to start nibbling at some of the alternative energy plays out there. Keep an eye on BCON, CPST, BLDP, DSTI, etc. If anyone has other idea's on these plays, please leave me a comment and I will try to chart it.

With that in mind, here are a few charts that look promising including BCON and BLDP.

ANTP: First today is ANTP. I though this had failed a few days ago, but the action after the failure to break out was promising, so here we are again trying to break resistance. This could be a nice move if it breaks out, so keep it on your watch list.

BLDP:Still under resistance but indicators are trending up. MACD divergence on the recent low.

BCON: Possible triple bottom here. I think this is a retest of support and it should rebound here. Next higher high without faliure of trendline would be confirmation IMO.

RNWK: Broke out of pennant formation and is consolidating. Looks positive.

DLB chart looks very intriguing. Doji at support may give us an early signal here.

I noted a few days ago that IPII was on support. Support was confirmed and now the trendline is what remains to be broken.

update Posted by downtowntrader | 11/22/2005 01:52:00 AM | 0 comments »

I'm having blog issues tonight so I will try to post the following charts tomorrow morning.
CHK: possible swing setup
NGPS: broke resistance, may follow through tomorrow
SLB: may push to 100
RNWK: possible swing setup
IPII: testing previous support and 200 sma

Some stocks to watch for swings Posted by downtowntrader | 11/21/2005 12:30:00 AM | 0 comments »

These are some of the stocks on my watch list for this week.

REDF: I am long this already, but I think it can still be entered with a reasonable stop. This has a chance to just close gap, or really explode through upper resistance.

KOMG: This stock is already overbought and may end up pulling back, however, after the bullish candle, the second day barely penetrated into the body of the prior day. Bulls are strong here and this could take out resistance band in one move.

CPST: We are now in day 4 post Cramer hype and CPST has yet to fill the gap. This is showing me that a lot of people are willing to hold this. I think that if it holds up above the gap, the next leg up will eclipse 5 easily.

QDEL: Very steady uptrend which keeps breaking into new rectangle bases. A higher high here and we may break into a new range.

hefeiddd · 发表于 2009-3-20 08:55

Some Biotech's on my watchlist Posted by downtowntrader | 11/21/2005 12:22:00 AM | 0 comments »

Biotechs are flying lately and I've made some pretty good gains on SVA,NBIX,an DNA. Here are few others on my watchlist.

BCRX has had a pretty deep pullback, and violated the previous trendline. It reclaimed the 50 days sma and held. With Bird flu hype once again perking up, I would keep an eye on them. Could retrace as per chart.

GILD has had a rocky few days, but has managed to hold the upper channel it just recently broke in to. This show me there are a lot of buyers waiting. This can be a very risky play with the controversy surrounding tamiflu, so I would not jump in head first. I am debating the entry on this, but a clear stop is the trendline.

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hefeiddd · 发表于 2009-3-20 08:56

DLB Posted by downtowntrader | 11/21/2005 12:05:00 AM | 0 comments »

This was a hot IPO earlier this year. People were happy with earnings here, and this could very well follow through. I will keep an eye on this, but it is a little overextended. I'm thinking this will resolve itself into a bull penant.

Thursday Update Posted by downtowntrader | 11/18/2005 01:01:00 AM | 0 comments »

Lots of breakouts the past few days! Let's hope the market follows through, although with tomorrow being options expiration, we may get a tight and trendless market tomorrow. Don't forget to take some profits now that the market is strong. We sometimes get in the trap of holding out for more, and then when things turn south, hold on waiting for the prices we missed. I've been guilty of that sin a little too much lately. I took some off the table on AAPL(but then bought back in too early), TRE, and SLW. Here are some interesting charts on a few of my positions.

REDF is starting to look even better then before. I initiated a long today on the first pullback after the higher high. I love Slow Stochastics crosses from below 20, and REDF is doing just that. Look at the previous moves after that signal. This could be interpreted as a triangle base if you remove some of my trendlines.

NBIX is also looking very nice. This has stalled the past few days, but this allowed it to drift towards the trendline. Once it made the higher high, it was playable. I'm looking for a nice move here into the upper trendline.

I may be a little early here, but I believe the "Smart money" has begun to accumulate here. Look at volume the past few days quietly coming in. I picked up a few shares, and will add as it pulls back. I will sell if it breaks down below 1.60-1.65 ish, but my guess is that it won't get there. I bet that there will be an announcement or some sort of news that will propel this higher once the smart money finishes what they are doing. Just me speculating, but this one has some good backing.

Also looking good are BOOM, SVA, DNA, MRVL, and HPQ. Good Luck,

DT

Update Posted by downtowntrader | 11/16/2005 04:51:00 PM | 0 comments »

Didn't get to post last night, been swamped. In addition to TRE, DNA, and SVA, SLW triggered a buy today. I will try to post an update tonight.

Watch List Posted by downtowntrader | 11/16/2005 03:02:00 AM | 0 comments »

These are a few of the stocks on my watch list for tomorrow.
REDF made a nice move today. Look for a swing on a higher high tomorrow.

I'm already long SVA and wit rumors about China hiding avian flu cases, this stock could make a move anyday now. They already broke the downtrend, and bears have not been able to push it down the past two days.

This stock has been weak, and is below all support. Today, when the markets rallied a little towards the end of the day, they moved the opposite way. They may move to 200 sma at 14.

Compare this chart to the one I posted Monday.

Strong move today here too. Look at volume and decisive break of triangle. I would expect a test of 5.12 tomorrow.

Others on my list are
aapl - long, looking to trim a little
bcon - showing signs of life
sndk - hammer today
jnpr short - broke support
ngps - see yesterday's post
cpst - took profits today, looking for re-entry
nbix - still waiting for a move, looking for a bounce off the trendline tomorrow

Good Luck,

DT

Updates on last nights charts Posted by downtowntrader | 11/15/2005 02:11:00 AM | 0 comments »

A few of my charts triggered today including SVA, DNA, and TRE. Look down a few posts if you're interested in those plays. SVA was a nice buy at 5.40 and DNA should make a run to 100. Good Luck,

DT

Thanks Cramer Posted by downtowntrader | 11/15/2005 01:57:00 AM | 0 comments »

I bought CPST today after it pulled back a little this morning as a speculation trade. I figured I would risk 20 cents on it, since it's had some momentum the past couple days. Well, looks like Cramer has had his eye on them as well, cause he gave them some shameless pumping today on Mad Money going as far as to speculate on CPST running like CAFE did on the Walmart rumors. Well, sure enough, CPST ran pretty hard after hours and will gap up tomorrow. I don't know if Cramer bought in the past few days, but I think with him being on 60 minutes last night, and with new viewers watching tonight, he wanted to make some bold picks. He will continue to pump this IMO. Thanks Cramer, I appreciate it. If it gaps over 4, then I think it trades to 5 at some point in the next few days. 3.80 will become support IMO.

NGPS and ANTP Posted by downtowntrader | 11/15/2005 01:50:00 AM | 0 comments »

Both of these charts look interesting. ANTP has been in a downtrend and is testing resistance again. Volume has been building so i think it may break it this time. SMA 200 is on a down slope so it should serve as resistance.

NGPS also has been in a downtrend technically, although it's been consolidating the last few months. Looks nice if it can break out.

Bird Flu in the US? Posted by downtowntrader | 11/14/2005 01:58:00 PM | 0 comments »

I thought this was pretty funny.

Random Charts Posted by downtowntrader | 11/14/2005 01:28:00 AM | 0 comments »

These are some decent charts I pulled up tonight.

TRE looks pretty good. This might be the most promising chart I pulled up tonight. Looks like a break of the triangle.

SLW is a new issue that has a very low average volume. These aren't my typical plays, but I like buying at trendlines cause of the tight stop's that can be used.

ATYT is coming up on important resistance. Keep an eye on them.

REDF gapped down and may of sufficiently closed the previous gap. There was strong buying at 15's, but there are still some nervous longs here. I would keep an eye on them, as they may be headed up to close the downside gap.

hefeiddd · 发表于 2009-3-20 08:56

Pharma and Bio's Posted by downtowntrader | 11/14/2005 01:16:00 AM | 0 comments »

These charts also look interesting.

SVA looks promising if it can halt the pullback. Watch for a higher high and a break of the trendline before entering. If it breaks out you can set a stop just below 50 sma.

MNTA is trading a very tight range which could result in failure or a nice move up. I'm considering snatching up a small amount of shares as pure speculation.

DNA is right at resistance. If it can break above 95, I will look for an entry on the first intraday pullback. Ideally, this will pullback to 91 before breaking out, but depending on overall markets, it could move tomorrow morning.

I found this name on one of the blogs i read tonight, and the chart looks interesting. Broke resistance and pulled back to the trendline. Looks like the reversal was confirmed and it has resumed uptrend.

Retailers Posted by downtowntrader | 11/14/2005 01:07:00 AM | 0 comments »

For some reason I see a lot of promising charts. Markets are due a pullback, but not sure if buyers will let them yet. Here are a couple of retailers that may be ready to make a move. I may be early on these as RTH has already made a pretty good move, but I would keep an eye on these and other retailers as we head into the holidays.

ANF may be the stronger of the two. They are now consolidating above the 200 and are right at resistance. I say they are a buy at 60.55 with a stop at around 60 if it triggers. Look for 2 points or next fib retrace.

AEOS has been more choppy, but just cleared some important resistance. I would watch this one for intraday support near 25.20 for a low risk entry, or wait for a new high above 25.75.

SNDK Posted by downtowntrader | 11/11/2005 05:44:00 PM | 0 comments »

SNDK came down to the trendline and reversed to close over the 38.2% fib retrace. I think it's headed up from here as the tech's should lead if we have a rally to close out the year. Keep an eye on aapl and goog too. As we head in to window dressing season, jealous fund managers will drive some of these stocks.

New AOB chart Posted by downtowntrader | 11/11/2005 05:04:00 PM | 0 comments »

Updates 11/09/05 Posted by downtowntrader | 11/10/2005 01:16:00 AM | 0 comments »

AOB continues to act well. Earnings are Monday, so this may run through then.

AIZ also continues to act well. Trading in a pennant formation right now, and closed at an all time high today. This is a long term winner.

I'm not sure what to make of VPHM at this point. Today the stock closed lower, but the real issue happened after hours. VPHM traded down to low 20's on what i think was news related to future competition. It is unclear what sparked the selloff, and at least there were enough buyers to push it back to 21, but the bottom line is that it settled down a point lower then the official close. I won't pretend to tell you that I know what will happen tomorrow, but I expect a very volatile pre market and open. What I will say, is that Market Makers are the best traders in the world and are ruthless. They will try to exploit this, so be on your toes. If it runs up for some reason, it will probably be to unload excess shares, and if it tanks, it will probably be to snatch your shares cheap. There is no easy way to trade this if you are a short term holder. If you are long term, then buy shares where you think is cheap, as VPHM will probably trade higher in a weeks time. Good Luck,

DT

IVN Posted by downtowntrader | 11/10/2005 12:45:00 AM | 0 comments »

As promised earlier, here is an IVN chart. IVN has support at 200 sma and trendline and is at a very low risk entry. If it breaks down, it will probably be soon, if not, it would be the third test of the triangle which is usually the one that breaks higher. This is a longer term trade.

11/09 update Posted by downtowntrader | 11/09/2005 03:36:00 PM | 0 comments »

VPHM broke intraday support today and filled the gap. It looks like it is trying to put a bottom in at just under 22 and the markets look like they want to rally. Wouldn't be surprised to watch this close near 23.

AOB broke to higher ground today. Looking good.

Daytrading AAPL today as well. I think Nasdaq may finish strong and that would help aapl move.

Closed out HOM for now, will look to buy back.

Also, entered a long position in IVN. I will post a chart later on tonight, but looks like a nice bounce off the 200 sma and a trendline.

Good Luck.

DT

VPHM Update Posted by downtowntrader | 11/09/2005 12:49:00 AM | 0 comments »

VPHM finished a little weak today, weaker then I expected. As I drill down in time frames, I see some things I don't like, but I can't deny that there is still strength here. My current plan is to hold my core, which I've held since 9.90 and continue day and swing trading it when it's trending.

The daily shows a day of consolidation. Tested previous low, but reversed before touching it.

The hourly above chart is also still fairly healthy. It is still above the previous channel and volume was lower on todays pullback.

The 5 minute chart above is the one that has me the most nervous, as it is a possible head and shoulders. Keep in mind, that this is an intraday chart, and a breakdown would imply a closing of the gap. If you are swing trading or hold a longer term position, this would be a minor move. But if you day trade large blocks (like I do) then it may be prudent to exit on a breakdown and buy back in at support. Another important thing is to wait for confirmation to either side. The head and shoulders, could actually be a double or triple bottom forming as well. Good Luck.

DT

AOB and HOM Posted by downtowntrader | 11/08/2005 11:42:00 PM | 0 comments »

Here are updated charts for AOB and HOM.
Disclosure: I own shares in both.

I took some profits on this trade and will walk my stop up to follow it as it trades this channel. I expect a small pullback at some point before it hit's the top of the channel. My current plan is to trade the channel only and sell at resistance. I can always buy back above the channel if it does rally.

AOB traded down a little today. It had a failed triangle on the intraday, which it then reclaimed. I think it was just soft on the general weakness today. I think this stock has good potential for a strong move, but will trade it carefully.

hefeiddd · 发表于 2009-3-20 08:57

Trade Carefully Posted by downtowntrader | 11/08/2005 11:20:00 PM | 0 comments »

I noticed a lot of charts that look tired today. While I'm not really bearish yet, it looks like the market is digesting it's recent gains. The smallcap index has fared worse then it's big brothers which could be signaling a sector rotation. I am looking at Tech being the leaders if there is to be a sustained rally to close the year. With that in mind, here is a chart of one of my favorite tech's lately, SNDK.

The daily chart looks like it may come down to the trendline and 38.2% fib retrace. However, it did cross below the 10 day ema and reversed to finish above it.

The intraday chart looks a little more promising. Watch for a break of the pennant formation. If it breaks higher, I think it is a playable move. If it breaks down, I will wait and watch for a bounce on support from the dail chart above.

Intraday charts Posted by downtowntrader | 11/08/2005 02:32:00 PM | 1 comments »

VPHM is setting up for a possible bounce off 23. Looks like a morning star pattern developing right at double support. I think near 23 is a solid entry into VPHM with a stop near 22.70

AOB may be breaking out of a triangle base. Keep an eye on it, cause if it breaks, it should be a decent move.

BOOM earnings tomorrow Posted by downtowntrader | 11/08/2005 01:29:00 AM | 1 comments »

BOOM Earnings are tomorrow and the big question it seems, is not whether earnings will be good, but whether the huge run to earnings will be sold off or not. BOOM is at a 52 week high, but the base has been choppy at best, and had a failed breakout last earnings. BOOM has been pretty strong lately, and RSI shows it, as it is breaking above 70. If BOOM somehow dissapoints, the trendline at near 23 could be support. If BOOM has great earnings, it could see 30+

This is the 5 minute chart which show a nice cup and handle breakout today. The bottom of the handle provided a nice stop area for daytraders. The fact that BOOM came back after the sell off late in the day, shows how optimistic traders are about earnings tomorrow. Looks at volume at end of day.

I've tried to post an hourly chart for BOOM to try and show two gaps on the daily chart that have not been filled, but blogspot is having problems i guess, cause i can't upload the chart. If BOOM breaks down, look for the first gap to get filled, but the second may be a reach. Here is a link to an hourly chart.
http://stockcharts.com/h-sc/ui?symbol=BOOM&period=INTRADAY_60&years=0&months=0&days=10&id=p11644051435

Good Luck tommorow for those holding BOOM over earnings.

DT

VPHM - After Earnings Posted by downtowntrader | 11/08/2005 01:08:00 AM | 0 comments »

VPHM never came close to violating the trendline on the hourly chart. It had a very strong close and although there was distribution early, there were signs of accumulation near 23.

The daily chart shows a nice breakout on huge volume. They reclaimed the mid-line which implies that it may trade to the upper trendline. There is pretty good momentum here, although there was a lot of profit taking today.

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hefeiddd · 发表于 2009-3-20 08:58

AOB Posted by downtowntrader | 11/08/2005 12:00:00 AM | 0 comments »

Here are two looks at AOB. First picture shows fib. extension of triangle breakout and the current trading channel. I believe AOB can break above the trading channel near term as there may be a substantial earnings run.

This second chart is my standard chart. Look at the nice volume on the breakout. MACD crossover to.

VPHM Update Posted by downtowntrader | 11/07/2005 11:19:00 AM | 1 comments »

VPHM beat estimates on EPS, revs, and raised guidance. Stock is gapping above all resistance, and will make new 52 week high today. It will be interesting to see what happens leading up to the conference call, but I can't expect anything bad to come out of it, as VPHM has been one of the strongest stocks on the exchanges this year. Path of least resistance is up!! Good luck,

DT

VPHM Posted by downtowntrader | 11/07/2005 01:45:00 AM | 0 comments »

VPHM earnings are out tomorrow morning. VPHM broke out of a contracting triangle suggesting it would trade upwards of 23-24, but earnings tomorrow will decide if the breakout fails or not. I lightened up considerably, as I don't usually play earnings, but there is still some good upside here, so I decided to hold some shares. MACD crossed over and AROON shows new uptrend.

This is an hourly chart that show the current trading channel. If VPHM breaks through the upper range, then I will probably add more shares. If it starts to break down, I will sell at the dotted line, and wait to see if it hold the channel.

I will post an update tomorrow, as soon as we have some indication of which way this is headed.
Good Luck,

DT

GILD Posted by downtowntrader | 11/07/2005 01:33:00 AM | 0 comments »

This was recommended on the Boomer's Private Board. Long term uptrend was broken, but looks like new uptrend is starting. Looks like it will come down a little more IMO, but would be a solid buy anywhere near the blue dotted line.

Interesting Charts Posted by downtowntrader | 11/04/2005 01:53:00 AM | 3 comments »

First Chart: Nasdaq surprisingly gapped over resistance and closed. It started to reverse but held up. It may come back to test resistance and close gap, but I would think this to be the signal some were waiting for to confirm the "santa clause" rally and tech's leadership.

NGAS: I noticed this chart last night, and completely forgot about it today while trading QCOM and VPHM. My bad. Still looks good though.

HOM: This looks like one that I can buy and stash away. I had an order at 5.80 today didn't get filled. I will probably buy tomorrow and hold as long as the trend line stay's intact.

AIZ: This stock has been a slow and boring mover, but has steadily increased. Today, earnings kick started it, and it Rocketed through the existing trading channel. You know the old saying, broken resistance, becomes support.

Short or Long? Posted by downtowntrader | 10/31/2005 02:18:00 AM | 2 comments »

I will be watching HANS the next couple days as it could finally be breaking out of the current pattern. This could however, be another juicy short setup, as HANS is right at resistance, and it got choppy on the intraday chart as it started bumping it's head on resistance. This has been a fairly choppy correction, so I will just watch this for confirmation either way. I think if the uptrend resumes, it has the chance to be a powerful move. Good Luck,

DT.

Hurricane Wilma Posted by downtowntrader | 10/28/2005 08:09:00 PM | 2 comments »

Here are a few pictures I took of what Hurricane Wilma left us in South Florida.

This tree is just being held in that position by sustained winds. It's a small tree, so I guess that's why it held up.

This is a construction trailer that rolled over twice before stopping on the electric post. Somehow, it didn't knock down the post.

I took this during the storm. The wind is holding the shutters away from the wall here.

Always get gas before a storm or you risk ending up in total mayhem after the storm.

This is an electrical post that just snapped near the bottom. I don't know how the post snapped and the tree right next to it managed to stay rooted.

This is another electrical post that fell over. It's amazing how strong the winds are to be able to knock down these kinds of objects that don't have huge wind fields.

Update Posted by downtowntrader | 10/24/2005 02:21:00 AM | 0 comments »

I may not be posting tomorrow or the next few days depending on whether I lose power due to the hurricane we are expecting here in South Florida. Good Luck to all of those caught in the storms path.

DT

BCRX Posted by downtowntrader | 10/24/2005 01:29:00 AM | 1 comments »

I don't know if bird flu will dominate the press again this week, but I do know that this chart looks promising. Classic three bar pullback to support. 60 Minute chart show break of downtrend. There is resistance here, and I would tread carefully taking profits wherever I could, but this still has a chance of exploding. Also, I hadn't noticed before what a pretty uptrend this stock was in before the recent volume expansion.

hefeiddd · 发表于 2009-3-20 08:59

Why I look at different timeframes Posted by downtowntrader | 10/24/2005 01:00:00 AM | 2 comments »

This is a perfect example of why it is important to look at different timeframes to increase your odds of making a succesful trade. At first glance, the VPHM chart doesn't really look that exciting. Yeah, it's on support and volume is diminishing, but MACD is bearish and stock looks like it may go either way.

If you look at the 60 minute chart over the last ten days, it starts to look a little more promising. That's a beautiful contracting triangle and it's testing the upper trendline for the third time. A lot of things in this market work in threes and usually the third test of resistance is the most important. Also, triangles are resolved in 5 waves several times, and this looks like it may be ready break the trendline.

When I look at the intraday 5 minute chart... I see a downtrend channel that was finally broken. Look at how the volume finally increased towards the bottom of the channel, and then after breaking the 200 bar ema, it came back for a retest, and then the volume really kicked in helping it reclaim the 200 and close near HOD.

I think if you put these three charts together, the evidence suggests that the probability for vphm's next move should be up. However, there are clear places on the 5 and 60 minute charts where you can see a breakdown before having to wait for a test of the 50 day sma, etc. Good Luck,

DT

SVA Posted by downtowntrader | 10/24/2005 12:36:00 AM | 0 comments »

Here's a quick chart on SVA. Could be a nice bonce on support. I would wait for confirmation though that the bounce is for real.

Retailers? Posted by downtowntrader | 10/20/2005 01:32:00 AM | 1 comments »

I've had my eye on these two for a while now. Take a look at both of these charts and it's funny how many similarities they have. Both have been extremely oversold, they have divergences on all the indicators and might be forming double bottoms. If we have a little rally here, i would expect these two to trade to their next resistance levels. Good Luck.

DT

FORD Posted by downtowntrader | 10/19/2005 08:14:00 PM | 1 comments »

Ford got a little attention today after MOT's impressive numbers yesterday. I've been trading FORD that past two days as I mentioned previously on the blog. Here is my updated chart. I think we see 21.70ish before any trouble. This is the 38.2% retrace and close to 20 day sma. Slow Stoch crossed back over 20 and CCI back from under -100 (see previous post for my signal).

IPII Posted by downtowntrader | 10/18/2005 12:39:00 AM | 1 comments »

IPII finished very strong although volume was quite choppy today. Wilma looks like it will become a hurricane so IPII has a good chance of continuing to run. Careful near 20.

HOM Update Posted by downtowntrader | 10/18/2005 12:34:00 AM | 1 comments »

I decided to play HOM today which worked out well. I think we get follow through tomorrow as HOM will turn up on a lot of stock scans tonight. Hit a new 52 week high and finished higher on strong volume. Below are the intraday 5 minute and daily charts. Volume is in all the right spots on the intraday and look how well it held the 9 and 20 period ema's. Very solid and clear signals.

FORD Posted by downtowntrader | 10/18/2005 12:33:00 AM | 0 comments »

Ford is about to give a buy signal based on previous CCI, and Slow Stochastics. Previously, CCI gave an early buy signal on the dip near -200. Then slow stochastics completes the buy signal by hooking back from under 20 to over 20. There have been fake outs on the slow stoch signal before, and FORD did it again on this pull back. Also, FORD has been a little frisky lately so shorts may be getting antsy. However, THERE is a big difference right now that should not be minimized. FORD was in a healthy uptrend on all previous buy signals, as they coincided with bounces off the trend line. This time FORD is in a down trend and is bouncing near 200 day sma. There are a lot of people underwater here, so trade carefully.
DT

Markets Posted by downtowntrader | 10/18/2005 12:23:00 AM | 1 comments »

I think the market tone has improved a little, however, this is still a very precarious environment. The Nasdaq and SP600 climbed back into their previous channels, however, there is still a lot of resistance overhead. Also, volume has been pathetic. I think we may see an up day tomorrow on the NAS due to the way it finished today. It was down all day and closed green with no real catalyst. Here are the charts I'm looking at. I have been daytrading mostly and will continue to cash in earlier then normal until the market either resumes it's downtrend (more likely), or breaks higher.

Boom 5 minute chart Posted by downtowntrader | 10/17/2005 12:54:00 AM | 1 comments »

Boom's last two daily candles have had long lower shadows, and the intraday chart shows a possible reversal. This is a 5 minute chart showing consistently higher lows and boom never closed a 5 minute bar below the 20 period ema after 11:15am on Friday. Volume has been very light though.

DT

HOM Posted by downtowntrader | 10/17/2005 12:16:00 AM | 0 comments »

HOM Chart is looking decent, and hurricane plays may be back in vogue this week. Daily chart drifting in a consolidation pattern and 60 minute chart may be giving a preview of a triangle break.

IPII Posted by downtowntrader | 10/17/2005 12:01:00 AM | 0 comments »

This chart is a little messy and resembles a head and shoulders (volume doesn't confirm it), but it looks like it has found major support again. May be a possible daytrade with a target near 18-20 on a squeeze. The only reason I mention it, is cause of the possible hurricane brewing and the interest it may garner.

Nas 3 Year Posted by downtowntrader | 10/14/2005 12:12:00 PM | 0 comments »

Take a look at the Nasdaq on a weekly chart for 3 years. I think we are finding support here at the bottom of the triangle. The daily chart looks less promising, but we do have a little room for a bounce and it is very oversold on the daily. I am looking for tech's to daytrade today. I don't think we are in a market conduscive to holding anything long or short right now. Good Luck,

DT

CN Tower Posted by downtowntrader | 10/10/2005 01:18:00 PM | 1 comments »

Boom made a higher high this morning, so I can continue to enjoy my trip. I only have a couple other holdings right now and they are longer term, so this break has been nice. Here are two pic's I took of the CN Tower.

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hefeiddd · 发表于 2009-3-20 09:00

Thursday Update Posted by downtowntrader | 10/07/2005 02:30:00 AM | 0 comments »

I was traveling all day today and the only thing of note I can say is I bought some BOOM at 40.20 this morning before boarding my plane. I got stopped out of a few positions, and I will remain on the sidelines for the most part. I have three positions right now, and I will be out of town (and not trading) till Wednesday. I will set a stop on them and hope for the best. I was a little surprised that we didn't get a dead cat bounce today, since most of the indices were at support. We are kind of stuck in no mans land right now... Too oversold to initiate new shorts, and too risky to bottom fish most stocks right now.. Looks like I'm traveling at the right time. Good Luck.

DT

HANS - intraday Posted by downtowntrader | 10/05/2005 02:40:00 PM | 0 comments »

This is an example of the type of charting I do with quotetracker. This is a 15 minute chart of HANS.

update Posted by downtowntrader | 10/05/2005 01:13:00 PM | 0 comments »

Sold all my boom traders this morning for small profit. Looking for 40.46 to buy.
Shorted HANS after morning POP.
BLDP Showing strength, while ENG and HOM are being pressured.
I will be bargain hunting for VPHM as well. Good Luck.

DT

Pockets of Strength Posted by downtowntrader | 10/05/2005 12:54:00 AM | 2 comments »

I was happy to see some pockets of strength today. Keep an eye on these three stocks tomorrow as they did not wilt in the face of todays pullback. Actually, all three went up towards the end of the day. I like to look at intraday charts to look for strong or weak finishes. I watch these three closely, as they are holdings right now. All three had one thing in common today. They all closed strong and near high of day.

HOM had pulled back with the rest of the market, but look at the last 15 minute bar. Although they ended the day pretty much unchanged, the last 5 minutes may be a preview of what's to come. I will look to get out on a lower low, but I fully expect them to trade higher.

I had planned to take profits on ENG when they challenged the broken downtrend line, however, they also had a very powerful 15 minute candle to close the day at the high. I will watch tomorrow closely.

BLDP built up volume througout the afternoon and also closed with a nice 15 minute candle. I daytraded this stock a couple days ago, but bought it back when it broke the resistance line. I am swinging it now, and will continue to move up my stops based on intraday support levels. Good Luck,

DT

Short possibilities Posted by downtowntrader | 10/05/2005 12:48:00 AM | 0 comments »

The Markets have looked a little toppy lately (see post from this morning below), so there should be money to be made on the short side the next few sessions. Here are some short possibilities.

TOL was a nice play at the down trendline, however, it looks like there is more downside here. If it breaks below the horizontal trendline it should be shortable.

I had HANS on my short list last night, but I had my hands full today managing some open positions, so I never initiated my short. Too bad as it had a perfect evening star reversal. There is plenty of downside here in the channel. I will look for a morning pop to short near the trendline on the 15 minute chart, or on a break to lower lows.

BEBE is right up against resistance and the 50 just crossed below the 200. However, it does have a little support with the 10 and 20 ma just below price.
Good Luck.

DT

BOOM - Failed 44.69 Again Posted by downtowntrader | 10/04/2005 07:25:00 PM | 0 comments »

Boom reversed hard today and failed to hold 44.69 for the third time. It stopped at the fan line at least and may trade around the line for a few sessions. I had a near term target of 46.46 for the double bottom breakout and it hit 46.49. Let's see what happens tomorrow with the split.

DT

NAS and SP600 Charts Posted by downtowntrader | 10/04/2005 01:59:00 PM | 0 comments »

Keep on your toes today as the Nasdaq Composite and SP600 (small cap index) are both at or near resistance. Could pull back later.

hefeiddd · 发表于 2009-3-20 09:00

TMTA - Lots of buy signals here Posted by downtowntrader | 10/03/2005 02:09:00 AM | 0 comments »

15 minute chart confirms what the daily chart is showing. TMTA should head higher from here, and at worst, provides an entry with very little risk. There is one thing I don't like here, and that is that the break of the downtrend was not accompanied by a volume surge. This may mean that there will be a retest of the trendline soon. But, volume HAS receded very nicely during the pullback. There are a lot of buy signals here, or near signals. In addition to the signals described on the chart, Slow Stochastics is about to cross from under 20, and MACD looks like it will cross over soon. I'm liking this chart, so I will probably go long tomorrow.

DT

Websidestory - Big time insider sells Posted by downtowntrader | 10/03/2005 01:46:00 AM | 0 comments »

At first glance, this looks like a pretty easy short. There were massive insider sells, which caused a break of the uptrend line and the the volume is decreasing on the way up to retest the trendline. But, it did find support and is within another newer trading channel. I will look for weakness as it approaches the trendline again, or wait to see how it plays out. If it breaks back in over the trendline and therefore the 10 and 20 sma's, then that is a very bullish sign. Good Luck if you choose to play it either way.

DT

link to insider sales: http://finance.yahoo.com/q/it?s=WSSI

BLDP - Charts Posted by downtowntrader | 10/03/2005 01:38:00 AM | 0 comments »

These are the BLDP charts I was looking at while daytrading it the past two days. I mentioned what I was looking at a few posts below, but I was having problems with the blog. This is also a good example of what a quotetracker chart looks like. I will keep an eye on BLDP, cause if they can break the daily resistance trendline then there is more upside to be had in a swing trade. They did break the uptrend line on the intraday, so there may be a pullback to the 5.40 area again. Good Luck.

DT

Boom - another up day Posted by downtowntrader | 9/30/2005 07:49:00 PM | 1 comments »

Boom had a nice day today. Would of been nicer to close above the trendline or the 61.8% retrace.. but we still made headway, and the resistance gave nice profit areas for traders. Next week should be interesting with the split looming. Good Luck.

DT

Update Posted by downtowntrader | 9/30/2005 02:52:00 PM | 0 comments »

Been swamped today, but quick update on 4 stocks.

MNTA: POS
BLDP: lightened up at 5.69 as trendline resistance is there. I also have a tight stop on that one.
HOM: Added in 4.90's
BOOM: Looking good.. Nice pennant building on intraday .. take care cause there is still plenty of overhead resistance.

Good Luck.
DT

boom - updated charts - again Posted by downtowntrader | 9/29/2005 07:43:00 PM | 0 comments »

I will try to post these as often as I can. Again, just updated the timeframe, and only posted the log version this time.

BLDP Posted by downtowntrader | 9/29/2005 02:10:00 PM | 0 comments »

Having problems uploading images, but BLDP has a nice cup and handle on the 15 minute chart over the past few days. Broke the pivot point and the bottom of handle should provide a nice stop area. Take your profits as it runs up as there is still resistance on the upside with trendline and 10 and 20 sma's. Also, nice morning star on daily chart.

DT

SCLN - profit taking Posted by downtowntrader | 9/28/2005 02:19:00 PM | 0 comments »

This would be a good place to take a little off the table. If it breaks past 6, then it would be a buy again. Most indicators are looking good (look at circles in chart below), but there is a little near term resistance with the trendline, and 50 day sma.

DT

Another Boom chart Posted by downtowntrader | 9/27/2005 07:56:00 PM | 0 comments »

Same chart but log version.

boom - updated charts Posted by downtowntrader | 9/27/2005 07:33:00 PM | 1 comments »

First chart is using stand fan's based on low / high of recent wave. Second is fan of long time intrenal trendline that has held up pretty well. I have not adjusted any trendlines, merely updated the price and time information.

Note: resubmitted with Closing prices.

MNTA Posted by downtowntrader | 9/27/2005 12:07:00 PM | 0 comments »

For those of you interested, MNTA is poking it's head over the ascending triangle base.

SCLN on the move Posted by downtowntrader | 9/27/2005 05:00:00 AM | 0 comments »

SCLN is moving on higher volume. Looks at my previous posts concerning the trading range. Here is a link to my annotated chart on stockcharts.com.

DT

http://stockcharts.com/def/servlet/SC.web?c=SCLN,uu[w,a]dacayyay[dc][pb10!b20!b50!b200!i!f][vc60][iut!ub14!la12,26,9!lh14,3!lc20!ld20!lv25][J59362951,Y]&listNum=4

SCLN Posted by downtowntrader | 9/22/2005 01:59:00 AM | 0 comments »

Although the market has been pretty crappy the past few days, I think it is due a bounce soon. Both the nasdaq and small cap 600 are close to fairly strong support levels. Right now the Hurricane and Oil are dominating the headlines, but I think there are still some chances to go long. I've been holding SCLN for a couple weeks now and it is very near strong support. Today it was up slightly in a pretty bad market. In my opinion, this is a good risk / reward play. Good Luck.
DT

Possible Ford Intraday Channels Posted by downtowntrader | 9/21/2005 01:38:00 PM | 0 comments »

5 Day 15 minute chart.

BLDP Posted by downtowntrader | 9/21/2005 12:12:00 PM | 0 comments »

BLDP almost fell apart yesterday as it tested the bottom of the pennant. It may of been saved and break out of the pennant today, on news of China's president visiting the company for a meeting. See link below.

http://biz.yahoo.com/bw/050917/175010.html?.v=1

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hefeiddd · 发表于 2009-3-20 09:01

For you risk takers.. Posted by downtowntrader | 9/20/2005 11:10:00 PM | 1 comments »

CPST may be setting up for a bounce. It bounced off double support today (trendline, 50% retrace), and filled the previous gap. It ended in a doji which could signal a reversal as well. The key is how it follows through tommorrow. I know about the bad news, and I'm not sure fundamentally where they stand, as I'm only looking at the technicals here for a short term move. If CPST makes a higher high (>4.45) tommorrow, then I believe it can be traded for a quick gain. If it makes a lower low then the 61.8% retrace may be the next stop.

Posted by downtowntrader | 9/20/2005 10:25:00 PM | 1 comments »

Here is the chart I've been using for BCON. BCON touched the 50% retrace and seems ready to move back up. 3.80's has been pretty stiff resistance, so be careful trading it. Good Luck.

DT

BOOM Posted by downtowntrader | 9/20/2005 10:01:00 PM | 2 comments »

Another day in the fan. Boom has been holding the current fan for the past week. It bounced off the lower line today (see earlier post with intraday chart). Not sure where this will end, but I still think the path of least resistance is down.

Zoomed in on ABC down. Boom has been trading fairly reliably within the common fibonacci retraces. The blue lines are the fib. retrace for wave 5 (or last movement up). The fans are retraces of the same move up and the move down from 52.50 to 34.44. See 6 month chart below to gain a better perspective of the recent move up and the following correction.

6 Month Chart showing wave 5. See full chart in previous posts below. Good Luck.

DT

No Hurricane Here... Boom update too Posted by downtowntrader | 9/20/2005 03:01:00 AM | 0 comments »

Looks like we got lucky here in Miami as Hurricane Rita stayed below us. We are and will experience Tropical Storm conditions, but barring a tornado, we should not experience anything major. I am posting another boom update highlighting a downtrend channel on the 5 minute chart and how it relates to the overall picture. Boom may give an early entry if the 5 minute channel is broken to the upside. On the daily chart, it still looks as if we are headed to the 61.8 fan line at a minimum, although that remains to be seen. Good Luck.

DT

ps. As I was finishing up this post, Boom fell to the lower 5 minute trendline at about 35.60 which is also close to the lower downtrend fan line on the daily chart.

Hurricane Rita Posted by downtowntrader | 9/20/2005 01:17:00 AM | 0 comments »

Well, here we are under another Hurricane warning in Miami. I may not be posting tomorrow depending on whether we have power or not. Right now the storm seems pretty benign for us, although they were saying we may get some flooding again. I'll post an update tomorrow if I can.

DT

Ford Update Posted by downtowntrader | 9/20/2005 01:05:00 AM | 0 comments »

Dave, This ford's for you. We have a well defined uptrend line that has been tested when slow stochastics drops below 20. Each has been a strong buy signal. Looks like Slow Stochastics cross down from above 80 has been a reliable sell signal. Most recent candle was very bullish completing a morning star. Right now there is support at the trendline and 50 ma. If that breaks, look for possible support at 24 or more likely 22.50 (50% retrace and former support). I have a $36 target if it can close above $30. Good Luck.

DT

Boom- another day in the fan Posted by downtowntrader | 9/19/2005 07:25:00 PM | 0 comments »

Boom tested the 38.2% retrace and the current fan's upper trendline and failed to move up. It ended up making a lower low on virtually no volume. Still waiting for Boom to decide it's next move, but the path of least resistance remains down IMO.

DT

Is Boom turning around? Posted by downtowntrader | 9/16/2005 07:47:00 PM | 1 comments »

MNTA Posted by downtowntrader | 9/15/2005 12:45:00 PM | 0 comments »

This will be a heck of a move if it ever breaks out.

DT

hefeiddd · 发表于 2009-3-20 09:02

BOOM update Posted by downtowntrader | 9/15/2005 12:07:00 PM | 0 comments »

Even though I am not in boom as of yet, I find the chart very interesting. I think yesterday's action may of confirmed wave C as Boom closed below the 38.2% retrace of Wave 5, and below low of wave which held 6 days ago. I am watching for an entry and I feel like we are headed towards 35 at a minimum. We will see. Good Luck.

DT

BOOM Posted by downtowntrader | 9/13/2005 02:32:00 PM | 0 comments »

Still trying to figure out where we are in the life of BOOM. Here is another chart for discussion.

DT

Is PANL ready? Posted by downtowntrader | 9/12/2005 07:31:00 PM | 0 comments »

PANL may be ready to resume its uptrend. MACD is about to cross over and it has cleared previous closing high resistance. It should test 14.22 soon, and hopefully news highs after that. Good Luck.

DT

BCON is running after hours Posted by downtowntrader | 9/12/2005 07:29:00 PM | 0 comments »

There is some talk about a power outage in LA, and BCON was moving on the hype.

http://www.sanluisobispo.com/mld/sanluisobispo/12626578.htm

SCLN Posted by downtowntrader | 9/09/2005 06:25:00 PM | 1 comments »

Looks like money is flowing in to SCLN late today. I posted my chart a few posts below. The 50 day was at 5.88 this morning, so let's see if there is enough strength to take it out.

DT

BCON Posted by downtowntrader | 9/09/2005 01:38:00 PM | 0 comments »

BCON has volume coming in today.

BOOM Update Posted by downtowntrader | 9/09/2005 03:53:00 AM | 0 comments »

OK, I know this chart is messy, but all the lines are important. The pink lines are the fib retrace of Wave A down. The Blue lines are the Fib retrace of Wave 5 up. Red Fans are for Wave A down, and Green Fans are Wave B up. Black lines are to outline waves. If Boom makes a higher high tomorrow, then we can be in 3 of B and still see the 50% or 61.8% pink retrace lines of Wave A. If Boom makes a lower low, then I think Wave C may have started and Boom could see the blue 50% or 61.8% retrace of Wave 5. Just my 2 cents.

scln Posted by downtowntrader | 9/08/2005 12:02:00 PM | 0 comments »

SCLN may be interesting here. They closed over the 10 day sma for the first time since the pullback from their recent run up. They tested the 38.2% retrace (which also happens to be a support line from the breakout point) twice, so we have clear support at 5.00. This provides a nice risk / reward ratio if you target previous high, but it could also continue on to new highs. Right now 50ma is resistance at 5.86, but if it breaks that, then it may resume the previous uptrend. Good Luck.

DT

[size=85%]

note: I own shares from the low 5 level. Please do your own DD before investing any money.

Traded in my TOPT for a little more AAPL Posted by downtowntrader | 9/07/2005 01:43:00 PM | 0 comments »

I sold my topt earlier today and doubled down on aapl at 48.46. I will keep a tight stop on the second half of aapl due to where I got in.

VPHM Posted by downtowntrader | 9/07/2005 05:20:00 AM | 0 comments »

This is a beautiful ascending triangle breakout on the 5 minute chart. Should lead to a new high for vphm.

Interesting BOOM Trendline Posted by downtowntrader | 9/07/2005 01:34:00 AM | 2 comments »

I drew a chart with an internal trendline boom has been using long term. It has acted as support and resistance at different times in BOOM's life ultimately reclaimed and broken on the most recent earnings day. Typically stocks end up coming back to an internal trendline. I tried a fib fan of the trendline to see if it lined up. I'm not sure if this type of fan retrace is common, but it has held up for me before on intraday charts. If so, the 38.2% retrace of the trendline will take it to approximately 29-31. I have drawn what i think may be the current wave count, which was 5 up with a 5th extension and we are now in either A down or B up. My wave knowledge is very basic, so my count may be off. More recently, BOOM looks like it held the 50% retrace of my wave 5, and is currently testing the 38.2% as support. I am neither bullish or bearish BOOM, as I don't have any position in it yet. If indeed we are in B up, then I may swing it, if not, then I will just stand aside. I also posted an option 2 scenario, using a different trendline. This is a newer trendline, and therefore may be more valid, but it wasn't in play for last earnings date. Option 2 certainly paints a nicer retrace picture, but still could end up near 30. Ultimately chart reading is an art, not a science, and I could be way off but I think this is a very interesting scenario.
Please do your own DD. Good Luck.

DT

Updated TOPT Chart Posted by downtowntrader | 9/07/2005 12:12:00 AM | 0 comments »

TOPT feels tired but MACD crossed and volume has been higher for this little run.

Update Posted by downtowntrader | 9/06/2005 07:25:00 PM | 0 comments »

BCON ended the day sandwiched between 10 and 20 day MA's. TOPT looks to be getting a little tired and technically hasn't broken out of the triple bottom base. I may take profits near resistance and buy back if it clears the base over 17. Will post some new charts tonight.

DT

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hefeiddd · 发表于 2009-3-20 09:03

BCON Tech Update Posted by downtowntrader | 9/06/2005 12:56:00 AM | 0 comments »

BCON has pulled back to the 50% fib retrace , 61.8% fan retrace , and 3.30 support trendline and found support. It failed to move into next fan so could retest lower fan line. Right now it's also sandwiched between 10 and 20 sma's. Tuesday should provide some clues as to where BCON will go next.

DT

ENG entry Posted by downtowntrader | 9/02/2005 06:43:00 PM | 0 comments »

This might be a decent entry for ENG. Pulled back to previous downtrend line after possible breakout. Volume coming in here on the intraday.

DT

Update Posted by downtowntrader | 9/02/2005 03:49:00 PM | 1 comments »

Funny how things work sometimes. I put an order in this morning to sell my bldp at 6.72 when i left the house as I knew it would come back to fill any gap. It hit 6.64 and has since pulled back to 5.60's. Oh well, I guess you can't get em all.

Other's on my watch list today.. BSM looks like it might try and fill gap, SCLN looked promising last night too as it bounced off the 5.00 mark again yesterday. Stopped at sma 10,20 and 50 though. BCON had a bullish piercing candle yesterday after settling down near the 50% retrace.

On a side note, it will be interesting to see if gas comes down a bit after everyone that's panicking and rushing to fill their tanks calm down. I have a bet with a co-worker who thinks it will rise 20 cents more by next Friday. I say no way.

DT

Hurricane Katrina - unbelievable Posted by downtowntrader | 9/02/2005 02:01:00 AM | 0 comments »

I can't believe how bad this thing is. I was floored when I saw the damage Andrew had left us here in South Florida in 1992, but the devastation in New Orleans is incredible. It looks like a scene out of a bad movie. It's pretty sad how some are taking advantage that there are no police to keep order. I don't care so much about the looting (some are stealing food), but there are reports of rape and robbery, etc. That's really sad. I hope things get better soon.

DT

BLDP breakout Posted by downtowntrader | 8/30/2005 09:41:00 PM | 0 comments »

Looks like BLDP may break out here. Retraced 50% twice and has tested resistance several times. Had a huge bar today and if it can trade above 200 ma tommorrow we may have a nice move here. Bonus.. MACD crossover. Good Luck.
DT

Hurricane Katrina Posted by downtowntrader | 8/29/2005 12:05:00 PM | 2 comments »

Here are a few pictures of some of the aftermath left from Hurricane Katrina. Although it was only a category 1, we took a direct hit and there was still some pretty extensive tree damage. The real pain for some was the flooding after getting dumped with 15-20 inches of rain in my neighborhood. I've seen what a category 5 can do after experiencing Hurricane Andrew, so I realize how lucky we were to get by with such minimal damage. The damage to Louisianna will be extensive; hopefully most make it out ok.

TOPT triple bottom Posted by downtowntrader | 8/27/2005 10:36:00 PM | 0 comments »

TOPT has just formed a triple bottom. They broke the downtrend from 20's and have since consolidated in a rectangle with high 16's as resistance. I bought in on 8/18 and then again on 8/26 at an average of 14.15. Looks like it will at least test high 16's. Has both RSI and MACD divergences.

BCON moving even higher! Posted by downtowntrader | 8/24/2005 01:51:00 PM | 0 comments »

BCON is working it's way higher. I have an ascending triangle forming on the 5 minute dail chart. Should yield at least a .35 cent pop from the breakout point. Good luck.

DT

BCON Update Posted by downtowntrader | 8/23/2005 04:46:00 PM | 0 comments »

BCON continues to run higher on surging volume. These are 5 and 60 minute charts i've been going by for the past 2 days. Looks like 4.40's can be used as a stop loss point near term. Stock would have to retrace 50% and fall below today's base.

DT

Is it time to short home builders? Posted by downtowntrader | 8/23/2005 01:35:00 PM | 0 comments »

I shorted TOL earlier this morning. I actually shorted them last week.. but was stopped out on a poor stop on my part. But they have closed below trend line twice and there was a bad report on July home sales that may be the catalyst needed. Shorted at 48.21. We'll see how it works out.

DT

BCON finishing strong Posted by downtowntrader | 8/22/2005 07:02:00 PM | 0 comments »

Closed at new High of year on strong volume.

HAR - Cup an Handle Posted by downtowntrader | 8/22/2005 04:35:00 PM | 0 comments »

HAR has built a nice cup and handle base on the 15 minute 2 day chart. Pivot point is 108.60, but can be bought on break of pullback downtrend. Safest entry is to wait till pivot point is broken on strong volume though.

DT

BCON Update Posted by downtowntrader | 8/22/2005 08:55:00 AM | 0 comments »

Well, BCON did bounce back after filling gap hitting 3.70's. BCON has yet to close under 10 ema in August. Looks like 3.30 will remain as intermediate support.

BCON moving higher i think. Posted by downtowntrader | 8/19/2005 01:40:00 PM | 0 comments »

This is BCON's 60 and 5 minute charts. Notice the downtrend has ended and support at 3.30 was held. Resistance over head is at 3.80. Stoch gave a buy signal at yesterdays close. Notice 10 day ema or 65 bar ema is catching up to price to add support. There is some resistance on the 5 minute chart at 3.60. Notice the stock came back and filled the gap on lower volume. My guess is that if BCON clears 3.60 again on strong volume, that it will test highs again and possibly hit 4. A stop can be set below 3.30. Good luck. DT

Welcome to my Blog Posted by downtowntrader | 8/19/2005 10:23:00 AM | 0 comments »

This is my blog dedicated to technical analysis of stocks. I will post charts and analysis of stocks i am interested in. This site was created so that I could have a place to post my ideas for my fellow trading friends. Please feel free to comment on anything you see here and as always, please do your own due diligence before ever buying or selling short any equity. Hope you like my blog.

DT

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