Thoughts....

I've included several new setups in the weekend update. Despite the weakness in the market, I'm still locating a ton of short setups that I feel offer good risk to reward opportunities. I also added a few intraday ETF setups to the list. I'll try to make a few posts during the week.

Index Watch for October 27, 2008

Review for Week of October 27, 2008

Breakout Setups
(Click on Symbol for Annotated Chart)

BIOD Biodel
GSAT Globalstar
EPEX Edge Petroleum
STV China Digital TV Holding
NTT NTT DoCoMo
URG Ur-Energy
CMZ Compton Petroleum
BTIM BioTime
CNTF China TechFaith Wireless
WX WuXi PharmaTech
GU Gushan Environmental
DWSN Dawson Geophyisical
AKS AKSteel Holdings
NAK Northern Dynasty Minerals
RAME RAM Energy Resources
HYC Hypercom
CRZO Carrizo Oil & Gas
CIEN Ciena
XJT ExpressJet Holdings
CHRK Cherokee International
AWBC American West Bancorp
EMAG Emageon
CADM Cardima
CLXS Collexis Holding
CSCX Cardiac Science
TROXA Tronox
FSN Fusion Telecommunications
CSUH Celsius Holdings
MDOR Magnum d'Or Resources
SPNG SpongeTech Delivery Systems
VSPC Viospace

Intraday Setups
(Click on Symbol for Annotated Chart)

FXY CurrencyShares Japanese Yen
SKF ProShares UltraShort Financials
UYG ProShares Ultra Financials
UYM ProShares Ultra Basic Materials
QID ProShares UltraShort QQQ
SDS ProShares UltraShort S&P 500
TWM ProShares UltraShort Russell 2000
EEV ProShares UltraShort Emerging Markets
FXP ProShares UltraShort FTSE/China
DIG ProShares Ultra Oil & Gas

ETF Setups
(Click on Symbol for Annotated Chart)

BBH Biotech Holders
SHY 1-3 Year T-Bond iShares
TLT 20+ Year T-Bond iShares

Short Setups
(Click on Symbol for Annotated Chart)

PETS PetMed Express
SJM The J.M. Smucker Company
SJT San Juan Basin Royalty Trust
CPSI Computer Programs & Systems
GILD Gilead Sciences
STRA Strayer Education
LNDC Landec
LNT Alliant Energy
SPTN Spartan Stores
EZPW EZCORP
CLHB Clean Harbors
CHRW C.H. Robinson Worldwide
MMP Magellan Midstream Partners
ACGL Arch Capital Group
HANS Hansen Natural
HEI Heico
ICFI ICF International
LH Laboratory Amer Holding
LNCE Lance Inc
NUVA NuVasive
CMTL Comtech Telecommunications
FDG Fording
PTNR Partner Communications
PTV Pactiv
RE Everest RE Group
CVA Covanta Holding
AIT Applied Industrial Technologies
AZZ AZZ Inc
WEC Wisconsin Energy
XEL Xcel Energy
PPG PPG Industries
D Dominion Resources
ALGT Allegiant Travel
BDE Bois d'Arc Energy
ABT Abbot Labs
AMGN Amgen
CHD Church & Dwight
MMM 3M
MO Altria Group

Long Setups
(Click on Symbol for Annotated Chart)

CZZ Cossan
AMFI Amcore Financial
VMW VMware
ACTS Actions Semi
BBG Bill Barrett
BRKR Bruker
DIS Walt Disney
FARO Faro Tech
NHWK NightHawk Radiology
COMV Comverge
ACW Accuride
BBI Blockbuster
BORL Borland Software
ACH Aluminum Corp of China

Thoughts....

I went through a few charts tonight and found a few that should do well if the market continues to push up. To control the risk, I'll be using the 8 SMA via the daily as a guide for a stop. I didn't come across any new short setups that I didn't already post over the weekend. Click on each chart to see the full picture.

New Setups for October 21, 2008

Thoughts....

I've posted enough setups this weekend that anyone with a pulse should be able to develop a plan for the coming week. Regardless what occurs in the coming week, I have a plan, and I'll try to trade around it.

I'll try to make a post or two during the week if time permits. If you want to know when one is made, sign up for the free email service. The format is better anyway.

Index Watch for October 20, 2008

Review for Week of October 20, 2008

Breakout Setups
(Click on Symbol for Annotated Chart)

DTG Dollar Thrifty Auto Group
HERO Hercules Offshore
LVS Las Vegas Sands
CC Circuit City
JADE L.J. International
GU Gushan Environmental Energy
EPEX Edge Petroleum
MEE Massey Energy
RBCN Rubicon Technology
WX WuXi Pharma Tech
URG Ur-Energy
FCL Foundation Coal Holdings
BGC General Cable
XING Xao Xing Universal Telephone
SVNT Savient Pharma
PGIC Progressive Gaming
CRZO Carrizo Oil & Gas
DIOD Diodes
CBS CBS Corp
BG Bunge
AVNX Avanex
ANR Alpha Natural Resources
ATI Allegheny Technologies
ADCT ADC Telecommunications
ABH AbitibiBowater
BTIM BioTime
EMAG Emageon
XJT Express Jet Holdings
CADM Cardima
ISSC Innovative Solutions
AWBC American West Bancorp
CLXS Collexis Holdings
MDOR Magnum d'Or Resources

ETF Setups
(Click on Symbol for Annotated Chart)

GSG Commodity iShares
FXI iShares FTSE/Xinhua China
GLD streetTRACKS Gold Trust Shares
DGB DB Gold Double Long ETN
IYC Consumer iShares
IYF Financial iShares
IYT Dow Jones Transports iShares

Short Setups
(Click on Symbol for Annotated Chart)

AMED Amedisys
EBS Emergent BioSolutions
SRCL Stericycle
MPWR Monolothic Power
BDE Boise d'Arc Energy
WEC Wisconsin Energy
WSH Willis Group Holdings
CLX Clorox
MTD Mettler Toledo
NGG National Grid Group
PTV Pactiv Corp
MMM 3M
PPG PPG Industries
SMG Scotts Company
CMTL Comtech Telecommunications
ARJ Arch Chemicals
LH Laboratory Amer Holding
LNCE Lance Inc
SNP China Petroleum & Chemical
AET Aetna
CI CIGNA
INFA Informatica
GOOG Google
ALGT Allegiant Travel
KMB Kimberly Clark
CMP Compass Minerals
BEN Franklin Resources
LHCG LHC Group
LPHI Life Parnters Holdings
ABT Abbot Labs
MCK McKesson
REGN Regeneron Pharma
SIAL Sigma-Aldrich
MON Monsanto
MO Altria Group
BK Bank of New York Mellon
CS Credit Suisse
CD Church & Dwight

Long Setups
(Click on Symbol for Annotated Chart)

AMKR Amkor Technology
AYR AirCastle
BBI Blockbuster
RVBD Riverbed Technology
SCOR comScore
SPC Spectrum Brands
VLTR Volterra Semi
VMW VMware
BRKR Bruker
CLWR Clearwire
CNTF China TechFaith Wireless
COIN Converted Organics
COMV Comverge
CRNT Ceragon Networks
CTB Cooper Tire & Rubber
DIS Walt Disney
DIVX DivX
ELOS Syneron Medical
ENTU Entrust Technologies
ITP Intertape Polymer
LULU Lululemon Athletica
MVIS Microvision
NHWK Nighthawk Radiology
PAAS Pan American Silver
PWER Power-One
BHP BHP Billiton
BRCD Brocade
ACLI American Commercial Lines
ARNA Arena Pharma
AMFI Amcore Financial
AFFX Affymetrix
ACTS Actions Semiconductor
ACW Accuride
ACH Aluminum Corp of China

Setups for October 16, 2008

Thoughts....

I was hoping for a wash-out to the 2003 levels, but we didn't make it. Unless something catastrophic occurs between now and Monday, I think the lows have been put in on an intermediate term basis (6 - 9 months), but I still remain long term bearish. At some point in the near future, we will have the shorting opportunity of a lifetime.

I covered every remaining short position I had Friday morning, took a few but small long positions, and took a significant position in some OTM QQQQ Nov 2008 Calls. My short setups are destroyed so it's going to take a rally before any will offer a low risk opportunity to start establishing positions again.

I should have more opportunities to make more posts during the week for the next couple of months.

Index Watch for October 13, 2008

Review for Week of October 13, 2008

ETF Setups
(Click on Symbol for Annotated Chart)

IYF Financial iShares
IYG Financial Services iShares
KBE SPDR KBW Bank Index ETF
IYT Dow Jones Transports iShares
USO United States Oil Fund
DIG ProShares Ultra Oil & Gas
GSG Commodity iShares
IAU iShares Comex Gold Trust
GLD streetTracks Gold Trust Shares

Long Setups
(Click on Symbol for Annotated Chart)

DIS Walt Disney
VMW VMware
COIN Converted Organics
GM General Motors
INFY Infosys Technologies
XING Xao Xing Universal Telephone
ITP Intertape Polymer
PWER Power-One
UAUA UAL Corp
JBLU JetBlue Airways
NVDA NVIDIA Corp
COMV Comverge
ACH Aluminum Corp of China
AMFI Amcore Financial
CINF Cincinnati Financial
BBG Bill Barrett
SCOR comScore
BHP BHP Billiton
PAAS Pan American Silver
JRCC James River Coal Company
CTB Cooper Tire & Rubber
CYPB Cypress Bioscience
CRME Cardiome Pharma
ENTU Entrust
ACTS Actions Semiconductor
ARNA Arena Pharma
BPHX BluePhoenix Solutions
BRCD Brocad Communications
CLZR Candela
CNTF China TechFaith Wireless Tech
DIVX DivX
ACW Accuride
AIXD Access Integrated Technologies
ACIW ACI Worldwide
IBN Icici Bank
SPC Spectrum Brands
BORL Borland Software
CPST Capstone Turbine
BVN Compania de Minas Buenaventura
CNR CanArgo Energy
DPDW Deep Down

Breakout Setups
(Click on Symbol for Annotated Chart)

CADM Cardima
AWBC American West Bancorp
OPNT OpNet Technologies
OPTM Optium
RURL Rural/Metro
CLXS Collexis Holdings
ADG Allied Defense Group
CSCX Cardiac Science Corp
GHS GateHouse Media
TROXA Tronox
AUTH AuthenTec

Thoughts....

I suspect the market is on the verge of a full blown crash. It's impossible to call a bottom so I'm not even going to make an attempt at it. If the decline does continue, I'll adjust my stops as we push lower until I'm taken out.....really simple stuff. I've added a handful of fresh setups that I think are low risk trading opportunities. In an effort to reduce the noise, all of my comments are located on the charts.

I'll try to make a post(s) during the week if I have the time. If you're interested in knowing when I make one, take the time by signing up for the "Email Service."

Index Watch for October 6, 2008

Review for Week of October 6, 2008

Breakout Setups
(Click on Symbol for Annotated Chart)

REVU Princeton Review
ODSY Odyssey Healthcare
ITP Intertape Polymer
OTIV On Track Innovations
OPNT Opnet Technologies
TRGL Toreador Resources
QLTY Quality Distribution
AWBC American West Bancorp
RMTR Ramtron
RURL Rural/Metro
IPGP IPG Photonics
PMTI Palomar Medical Technologies
CSCX Cardiac Sciences
CHS Chicos FAS
CLXS Collexis Holdings
FOLD Amicus Therapeutics
ALLI Allion Healthcare
VVUS Vivus
BSX Boston Scientific
FIRE Sourcefire
AUTH AuthenTec

ETF Setups
(Click on Symbol for Annotated Chart)

FXY CurrencyShares Japanese Yen
IAI iShares U.S. Broker-Dealers
QLD Ultra QQQ ProShares
TWM ProShares UltraShort Russell 2000
UYG ProShares Ultra Financials
GSG Commodity iShares
USO United States Oil Fund
GLD streetTRACKS Gold Trust
IYT iShares Transports
ITB iShares U.S. Home Construction
DXO PowerShares Crude Oil Double Long

Short Setups
(Click on Symbol for Annotated Chart)

CHD Church & Dwight
BDE Bois d'Arc Energy
AOC Aon Corp
WEC Wisconsin Energy
D Dominion Resources
DCP Dyncorp International
RATE BankRate
UL Unilever
RY Royal Bank of Canada
MO Altria Group
ARE Alexandria Real Estate Equity
AKR Acadia Realty Trust
LNCE Lance
CS Credit Suisse Group
CRM Salesforce.com
NEM Newmont Mining
ISRG Intuitive Surgical
CVX Chevron
MYGN Myriad Genetics
GAS Nicor
BAX Baxter International
SYK Stryker
TFX Teleflex
BAC Bank of America
FLIR FLIR Systems
VPRT VistaPrint
CMTL Comtech Telecommunications
LO Lorrilard
GHDX Genomic Health
LFC China Life Insurance
LHCG LHC Group
GMCR Green Mountain Coffee
PRGO Perrigo
REGN Regeneron Pharma
ABT Abbot Labs
AMGN Amgen
CHTT Chattem
IART Integra Life Sciences
LAZ Lazard
CIG Companhia Energetica de Minas Geras
PSYS Psychiatric Solutions
RAH Ralcorp Holdings
RAI Reynolds American
KMB Kimberly Clark
KO Coca Cola
PG Proctor & Gamble
CL Colgate-Palmolive
CLX Clorox

Long Setups
(Click on Symbol for Annotated Chart)

COMV Comverge
IVAC Intevac
EXPE Expedia
PSUN Pacific Sunwear
SCOR comScore
WLT Walter Industries
RIO Companhia Vale do Rio Doce
JBLU JetBlue Airways
SNCR Synchronoss Technologies
SPC Spectrum Brands
BARE Bare Escentuals
LCC US Airways Group
CTB Cooper Tire & Rubber
CIEN Ciena
COIN Converted Organics
NKTR Nektar Therapeutics
BORL Borland Software
EXTR Extreme Networks
CAVM Cavium Networks
LMC Lundin Mining
ACW Accuride
DPDW Deep Down

Updated Setups
(Click on Symbol for Annotated Chart)

TSCO Tractor Supply
CBE Cooper Industries
CEPH Cephalon
CERN Cerner
CKH Seacor Holdings
CLB Core Labs
PPG PPG Industries
SGEN Seattle Genetics
SPF Standard Pacific
DLIA Delia's
FREE FreeSeas
EJ E-House (China) Holdings

Thoughts....

I hope the market is down hard off the open tomorrow. If it is, I will be taking more profits from the shorts I've positioned myself in over the past couple of months and tightening my stops up on what I keep. Although my sentiment for the long term remains bearish, everything I'm seeing tonight screams a bounce is near / probable. I may be not successful, but I'm going to trade the charts accordingly. Remember, if you want to be a pro, you have to trade like a pro. That means you buy support.....you sell resistance......and you take ALL of the subjectivity out of the equation. When the charts are wrong, their wrong. You take the loss and move to the next one.

I've posted a few setups below I've added to my radar heading into tomorrow. If you want to see a full version, simply click on the picture.

Index Watch for September 30, 2008

Setups for September 30, 2008