Review for Week of January 5, 2009
Breakout Setups - Long Term
(Click on Symbol for Annotated Chart)
(Click on Symbol for Annotated Chart)
HEV Ener1
BPSG Broadpoint Securities Group
NTT Nippon Telephone & Telegraph
DCM NTT DoCoMo
TIVO Tivo
TSYS TeleCommunication Systems
FORD Forward Industries
SONE S1 Corp
ASIA Asiainfo Holdings
NNI Nelnet
SEAC SeaChange
KIRK Kirkland's
VVUS Vivus
XJT ExpressJet Holdings
SXCI SXC Health Solutions
FRPT Force Protection
BTIM BioTime
EGMI Electronic Game Card
RURL Rural/Metro
AMRI Albany Molecular Research
BSQR Bsquare
MRGE Merge Technology
OPNT OPNET Technologies
HCKT Hackett Group
IWOV Interwoven
DAIO Data I/O
Breakout Setups - Short Term
(Click on Symbol for Annotated Chart)
(Click on Symbol for Annotated Chart)
ES Energy Solutions
ZLC Zale Corp
BGP Borders Group
GOL Gol Linhas
EPAX Ambassodors Group
NGD New Gold
TS Tenaris SA
XCO Exco Resources
XIN Xinyuan Real Estate
TTM Tata Motors
TX Ternium SA
FED FirstFed Financial
LEE Lee Enterprises
SIRF SiRF Technology
ICA Empresas Ica Soc Control
ORBK Orbotech
SIVB SVB Financial
PAET Paetec Holding
MT ArcelorMittal
GFIG GFI Group
ARA Aracruze Celulose
AXTI American Xtal Technology
CVI CVR Energy
BRY Berry Petroleum
DRYS Dry Ships
AGM Federal Agricultural Mortgage
ACAS American Capital
NCX Nova Chemicals
GKK Gramercy Capital
AMFI Amcore Financial
Intraday Setups - ETFs
(Click on Symbol for Annotated Chart)
(Click on Symbol for Annotated Chart)
DUG UltraShort Oil & Gas
EEV UltraShort Emerging Markets
TZA Small Cap Bear 3x Shares
FAZ Financial Bear 3x Shares
URE Ultra Real Estate
UYM Ultra Basic Materials
Short Setups
(Click on Symbol for Annotated Chart)
(Click on Symbol for Annotated Chart)
ADM Archer Daniels Midland
ENDP Endo Pharma
AGP Amerigroup
AIPC American Italian Pasta
CMP Compass Minerals
CMG Chipotle Mexican Grill
AUXL Auxillium Pharma
SUN Sunoco
SF Stifel Financial
FNF Fidelity National Financial
GTU Central Gold-Trust
OXY Occidental Petroleum
RDK Ruddick Corp
BPT BP Prudhoe Bay Royalty Trust
WIRE Encore Wire
CHRW C.H. Robinson Worldwide
GHL Greenhill Financial
EW Edwards Lifesciences
VIVO Meridian Bioscience
MYGN Myriad Genetics
SCHN Schnitzer Steel Holdings
NAFC Nash-Finch
ATR Aptargroup
APSG Applied Signal Technology
BLL Ball Corp
MVL Marvel Enterprises
RYAAY Ryanair Holdings
CNQR Concur Technologies
PAYX Paychex
PCR Perini
PETS PetMed Express
QGEN Quiagen
CPSI Computer Programs & Systems
CALM Cal-Maine Foods
CHSI Catalyst Health Solutions
OKS ONEOK Partners
ORH Odyssey RE Holdings
TEVA Teva Pharma
TKC Turkcell
UL Unilever PLC
CLC Clarcor
CLH Clean Harbors
CEF Central Fund of Canada
LMT Lockheed Martin
LNCE Lance Inc
MDU MDU Resources
ATK Alliant TechSystems
NAT Nordic American Tanker
HCC HCC Insurance
NLY Annaly Capital Management
OCN Ocwen Financial
HEI Heico
GMCR Green Mountain Coffee
MHS Medco Health Solutions
AMZN Amazon.com
EPIQ Epiq Systems
GEO GEO Group
GG Goldcorp
NEM Newmont Mining
KGC Kinross Gold
LIHR Lihir Gold
LL Lumber Liquidators
LFC China Life Insurance
LH Laboratory Amer
ESI Itt Educational Systems
APOL Apollo Group
AIR AAR Corp
EZPW EZCORP
AMGN Amgen
IDCC InterDigital
IPCC Infinity Property & Casualty
JJSF J&J Snack Foods
BKE Buckle Inc
CUB Cubic Corp
CMTL Comtech Tele
DPL DPL Inc
XEL Xcel Energy
HNP Huang Power
ATO Atmos Energy
CAL Continental Airlines
CBIZ CBIZ Inc
Long Setups
(Click on Symbol for Annotated Chart)
(Click on Symbol for Annotated Chart)
MPEL Melco Entertainment
HOLX Hologic
ENTG Entegris
ETM Entercom Communications
CZZ Cossan Ltd
DLIA Delia's
SFI Istar Financial
Comments
Happy New Year to you. Got 2 questions for you:
1. If you can explain what system you are using to track so many setups during any trading session, it's a lot of stocks to follow, how do you make sure not to miss any?
2. Do you play certain setups according to the market's direction, for example, do you look at long setups when the market goes up or do you just pay attention to the setup as a play by itself with no correlation to the market's movement?
Thanks for doing an amazing job, your blog is a gem,
Elad.
You make really good points, but I still believe you can use simple TA with the leveraged ETFs in a clear and objective manner. I hope you will hang around here long enough to give me a chance to change (or at least alter)your opinion.
Regards,
Tony
Thanks for writing.
1 - I use Medved Quotetracker as my platform. I've been using it for 9 years so I really don't have anything to compare it to. Once I make the weekend post, I enter the symbols in and I set the alerts. If you aren't familiar with the program, it's linked in the "Links" section of the blog.
On another note, I miss a lot of the setups that trigger. With my style of trading, I've found that 8 to 12 positions in my trading account is about all my comfort level can handle. In my long term account, I usually have more, but they are very small positions and I leave it alone the best that I can.
2 - I actually do a little bit of both. It's one thing that I've struggled with over the years. Although I've gotten better, I still find myself trading outside or against my personal "time horizon." I suppose that's one of the benefits of trading around key S/R levels....to save me from my mistakes.
I hope you have a great year.
Regards,
Tony
My post on the EFT's is not my opinion, it's basic algebra. Anyway, I'll just ignore the charts I mentioned and follow along on the others. Thanks.