Thoughts....

I got a little carried away this weekend posting setups for the Weekend Review. If I think a setup has the potential to make me or anyone else money, I have a difficult time not posting it. Since there are so many, I wanted to get it up as fast as I could to give everyone an opportunity to go over the charts. I'll have the SpreadSheet posted later tonight, and I'll have it linked here. On the setups that have more than one possible entry point, I've listed the first on the spreadsheet.

Since the market continues to drift up, the short setups have been difficult to trade. I think it's clear that I prefer to straight short the level that I list on the chart and the spreadsheet. Unfortunately, I get stopped out a lot, but it's they way I like to do it. Since I've received many emails the past couple of weeks seeking advise how to trade them, I want to remind everyone that I posted a few Examples several months back how I like to do them. When I get the opportunity, I'll post more.

I realize my posts during the trading week have been few and far between, but I intend on being more active going forward. If you want to know when I add something new, sign up for Twitter.

Index Watch for May 11, 2009:

Review for Week of May 11, 2009:

Breakout Setups
(Click on Symbol for Annotated Chart)

ALJ Alon USA Energy
APL Atlas Pipeline Partners
XJT ExpressJet Holdings
PLAB Photronics
TIVO TiVo
WNR Western Refining
FTBK Frontier Financial
CT Capital Trust
NNBR NN Inc
OCLS Oculus Innovative
OSK Oshkosh
SMOD Smart Modular
IDT IDT Corp
IKAN Ikanos Communications
TELK Telik
NKTR Nektar Therapeutics
PXLW Pixelworks
VMW VMware
RVSN RadVision
SMI Semiconductor Mfg Intl
INCY Incyte
WMAR West Marine
GRO Agria Corp
TOMO Tomo Therapy
BPHX Blue Phoenix Solutions
OCNF OceanFreight Inc
ARAY Accuray
ANPI Angiotech Pharma
COGT Cogent
MGI MoneyGram Intl
TA Travel Centers of America
BTIM BioTime
SWKS Skyworks Solutions
INSM Insmed
VOCL VocalTec Communications
LNG Cheniere Energy
EGMI Electronic Game Card
PSTI Pluristem Life Systems
KDE 4Kids Entertainment
NED Noah Education
DIVX DivX
VSPC ViaSpace
CSUH Celsius Holdings

Short Setups
(Click on Symbol for Annotated Chart)

AFAM Almost Family
ARST ArcSight
AZZ Azz Inc
GWR Genesse & Wyoming
KEX Kirby
NUVA NuVasive
CNQ Canadian National Resources
MD Mednax
TROW T. Rowe Price
CUB Cubic Corp
WXS Wright Express
UNP Union Pacific
IDXX IDEXX Labs
DNEX Dionex
SNX Synnex
LUX Luxottica
AXP American Express
SMS Sims Metal Mgt
GR Goodrich
ATK Alliant Techsystems
FPL FPL Group
GS Goldman Sachs
APC Anadarko Petroleum
GYMB Gymoree
EXPE Expedia
NCIT NCI Inc
UPS UPS
OCR Omnicare
VPRT VistaPrint
WAB Wabtec
MVL Marvel Enterprises
NRGY Inergy
NBL Noble Energy
TGT Target
TLM Talisman Energy
FCN FTI Consulting
STO StatioilHydro
SWN Southwestern Energy
DLR Digital Realty Trust
OFC Corporate Office Properties
OXPS Options Express
BIO Bio-Rad Labs
EAC Encore Acquisition
APA Apache
NETL NetLogic Microsystems
WDC Western Digital
WSO Watsco
MRO Marathon Oil
ATO Atmos Energy
FMC FMC Corp
CEO China National Offshore
GVA Granite Construction
CERN Cerner
AMAG AMAG Pharma
JACK Jack in the Box
JBHT J.B. Hunt Transport
OXY Occidental Petroleum
NXY Nexen
EQ Embarq
AZO Autozone
RKT Rock Tenn
COV Covidien
AMZN Amazon
HCN Health Care REIT
HGT Hugoton Royalty Trust
CVX Chevron
GDP Goodrich Pete
KONG KongZhong
DRQ Drill Quip
CXG CNX Gas Corp
BOOM Dynamic Materials
CAKE Cheesecake Factor
IMA Inverness Medical
AGYS Agilysys
CHSI Catalyst Health
CPRT Copart
MHS Medco Health Solutions
MIL Millipore
CTXS Citrix Systems
CMS CMS Energy
PLCE The Childrens Place
CNI Canadian National Rail
IRM Iron Mountain
PTR Petrochina
UTHR United Therapeutics
VMI Valmont Industries
CNQR Concur Technologies
ALB Albermale
ABC AmerisourceBergen
RIG Transocean
ACL Alcon
PJC Piper Jaffrey
AAP Advanced Auto Parts
ABAX Abaxis
ACGL Arch Capital
AGN Allergan
AN Autonation
BBY Best Buy
BJRI BJ's Restaurant
BKE Buckle
BKS Barnes & Noble
BMC BMC Software
BMI Badger Meter
BMS Bemis Corp
BOBE Bob Evans Farms
CENT Central Garden & Pet
CHRW C.H. Robinson Worldwide
COO Cooper Companies
DKS Dick's Sporting Goods
DRI Darden Restaurants
EW Edwards LifeSciences
GCO Genesco
GFI Gold Fields
GG Goldcorp
HANS Hansen Natural
HAS Hasbro
HIBB Hibbet Sports
HLTH Health Corp
HMSY Health Mgt Systems
ILMN Illumina
JEF Jefferies Group
JWN Nordstrom
KMR Kinder Morgan Mgt
KYN Kayne Anderson
LH Laboratory Amer
LO Lorillard
LPL LG Display
L Loews
MDVN Medivation
MFE McAfee
NVR NVR Inc
PAYX Paychex
PENN Penn National Gaming
PFCB P.F. Changs China Bistro
PWR Quanta Services
PZZA Papa John's
RAVN Raven Industries
RBC Regal-Beloit
RS Reliance Steel
SHW Sherwin Williams
SIRO Sirona Dental
SNP China Petroleum & Chemical
STJ St. Jude Medical
TPX Tempur-Pedic Intl
TXRH Texas Roadhouse
UAM Universal American Financial
UNFI United Natural Foods
URS URS Corp
USMO USA Mobility

ETF Setups
(Click on Symbol for Annotated Chart)

SKF ProShares UltraShort Financials
HHH Internet Holders
RTH Retail Holders
IFN India Fund
OIL iPath S&P Crude Oil
UCO ProShares Ultra Crude Oil
DXO PowerShares Crude Oil

Long Setups
(Click on Symbol for Annotated Chart)

ABMD Abiomed
AHD Atlas Pipeline Holdings
CSIQ Canadian Solar
DRYS Dry Ships
HMIN Home Inns & Hotels
IO ION Geophysical
JASO JA Solar
LFVN Life Advantage
LLNW Limelight Networks
WSTL Westell Tech
XRTX Xyratex
XTEX Crosstex Energy

Thoughts....

I was pressed for time today and was unable to thoroughly go over all of my scans, but I still came up with more than enough fresh setups to keep us all busy as we head into next week. Since many of the short setups I posted last week still look the same, I decided not to post an updated chart on this weeks review. However, I did include them on the SpreadSheet. They are marked with an asterisk to distinguish them from the others.

Index Watch for April 27, 2009:

Review for Week of April 27, 2009:

Breakout Setups
(Click on Symbol for Annotated Chart)

WNR Western Refining
BEXP Brigham Exploration
TTES T-3 Energy
BONT Bon-Ton Stores
COMV Comverge
PCX Patriot Coal
DRYS Dry Ships
STV China Digital TV
LCAV LCA-Vision
LLNW Limelight Networks
LNG Cheniere Energy
NKTR Nektar Therapeutics
NNBR NN Inc
DTG Dollar Thrifty Group
BTIM Bio Time
CRTX Critical Therapeutics (Low Volume)
FTAR Footstar (Low Volume)
FTK Flotek Industries
AHD Atlas Pipeline
ARM Arvinmeritor
MPEL Melco PB Entertainment
CAP CAI Intl
SRI Stoneridge
SRZ Sunrise Senior Living
OSK Oshkosh
JMBA Jamba
KDE 4Kids Entertainment (Low Volume)
CDII China Direct
CYRV Crystal River (Low Volume)
SYMX Synthesis Energy (Low Volume)
AVNR Avanir Pharma (Low Volume)
NCST Nucryst Pharma (Low Volume)
GTXO GTX Corp (Low Volume)

ETF Setups
(Click on Symbol for Annotated Chart)

SDS ProShares UltraShort S&P 500
SRS ProShares UltraShort Real Estate
SSG ProShares UltraShort Semiconductors
UYG ProShares Ultra Financials
HHH Internet Holders
RTH Retail Holders
RFL Rydex 2x S&P Financials

Short Setups
(Click on Symbol for Annotated Chart)

PFCB P.F. Chang's Bistro
PII Polaris
ARO Aeropostale
GR Goodrich Corp
BJRI BJ's Restaurants
NEU NewMarket
RKT Rock Tenn
VFC VFCorp
GEF Greif Bros
HAS Hasbro
HIBB Hibbet Sports
JWN Nordstrom
BMC BMC Software
STJ St. Jude Medical
CENT Central Garden & Pet
UNFI United Natural Foods
LNCE Lance Inc
EQIX Equinix
FDS Factset Research
CHD Church & Dwight
MIDD Middleby
MRO Marathon Oil
NBL Noble Energy
NUVA NuVasive
NVR NVR Inc
CHRW C.H. Robinson Worldwide
CNI Canadian National Rail
GNTX Gentex
GS Goldman Sachs
GYMB Gymboree
TPX Tempur-Pedic
HANS Hansen Natural
COO Cooper Companies
DKS Dick's Sporting Goods
EFX Equifax
AIT Applied Industrial
ALB Albermale
ASCA American Casinos
BBD Banco Bradesco
BMI Badger Meter
BMS Bemis
CAB Cabella's
GFI Gold Fields
HLTH Health Corp
INT World Fuel Services
IRM Iron Mountain
IVN Ivanhoe Mines
JEF Jefferies Group
KNX Knight Transportation
KYN Kayne Anderson
LPL LG Display
NFX Newfield Exploration
NPO EnPro Industries
PENN Penn National Gaming
PWR Quanta Services
RBA Ritchie Bros Auctioneers
AAPL Apple Computer
ARG Airgas
BBY Best Buy
BCO Brinks
BIDU Baidu
BWLD Buffalo Wild Wings
DRI Darden Restaurants
GCO Genesco
HK Petrohawk Energy
JOSB Jos. A. Bank Clothiers
LANC Lancaster Colony
LIHR Lihir Gold
LO Lorillard
OCN Ocwen Financial
PAYX Paychex
PRAA Portfolio Recovery
PX Praxair
RBC Regal-Beloit
RS Reliance Steel
SCHN Schnitzer Steel
SF Stifel Financial
SHW Sherwin Williams
SMG Scotts Company
SWIM Thinkorswim Group
TYL Tyler Technologies

Thoughts....

Since I've been doing a few daytrades the past few days, I thought I'd post a couple of low risk setups I'll be watching over the next day or three. They offer minimal risk because I intend on using tight trade parameters. They are all based on the 60 minute time frame, and they all finished the day over the downward sloping 200 Day Moving Average on the daily.

Index Watch for April 22, 2009:

Setups for April 22, 2009:

Intraday Chart Setups
(Click on Symbol for Annotated Chart)

SKF ProShares UltraShort Financials
OII Oceaneering Intl
PJC Piper Jaffrey
QSII Quality Systems
CTRP Ctrip.com
NKE Nike
LKQX LKQ Corp
MIDD Middleby Corp
EAT Brinker Intl
PNRA Panera Bread
CBRL Cracker Barrel
MFE McAfee

Thoughts....

Since I posted a ton of setups, I created a SpreadSheet to make it easier to import the levels in a watch list. I realize I post a lot, but I think it's useless to share what I do "after" I do it. Unfortunately, there will be some that never trigger. On the other hand, there will be a lot that will.

I haven't forgotten about the account I'm going to have linked at the blog. I'll have it up and running soon.

Index Watch for April 20, 2009:

Review for Week of April 20, 2009:

Breakout Setups
(Click on Symbol for Annotated Chart)

WNR Western Refining
LLNW Limelight Networks
LCAV LCA-Vision
IO ION Geophysical
NNBR NN Inc
TTES T-3 Energy Services
STV China Digital TV
MTW Manitowoc
AHD Atlas Pipeline Partners
PCX Patriot Coal
KWQ Quicksilver Resources
LNG Cheniere Energy
XRTX Xyratex
INSM Insmed
NKTR Nektar Therapeutics
OCNF Ocean Freight
DTG Dollar Thrifty Auto Group
NFP National Financial Partners
ABR Arbor Realty
MPEL Melco PBL Entertainment
DDR Developers Diversified Realty
COMV Comverge
CAP CAI International
CYRV Crystal River Capital
TOMO Tomo Therapy
COGT Cogent
CRTX Critical Therapeutics
ACI Arch Coal
NED Noah Education
SATS EchoStar Holding
SRZ Sunrize Senior Living
EGMI Electronic Game Card
DIVX DivX
SYMX Synthesis Energy
ARM Arvinmeritor
CMZ Compton Petroleum
VSPC VioSpace

ETF Setups
(Click on Symbol for Annotated Chart)

QID ProShares Ultra Short QQQ
SSG ProShares Ultra Short Semiconductors
UYG ProShares Ultra Financials
RFL Rydex 2x Financial ETF
RTH Retail Holders
DXO PowerShares Crude Oil
DYY DB Commodity Double Long
OIL S&P Crude Oil

Short Setups
(Click on Symbol for Annotated Chart)

CERN Cerner
COG Cabot Oil & Gas
ESRX Express Scripts
CMG Chipotle Mexican Grill
SHW Sherwin Williams
ARG Airgas
OCR Omnicare
MTB M&T Bank
PRAA Portfolio Recovery
PII Polaris Industries
OTEX Open Text
RBC Regal-Beloit
CUB Cubic Corp
GSIC GSI Commerce
HAS Hasbro
VMC Vulcan Materials
VMI Valmont Industries
VSEA Varian Semi
KMR Kinder Morgan Mgt.
KONG KongZong
EAC Encore Acquisition
SNP China Petroleum & Chemical
SRE Sempra Energy
DBRN Dress Barn
RS Reliance Steel
PLXS Plexus
CEO China National Offshore
PTV Pactiv
TXRH Texas Roadhouse
CCK Crown Holdings
MLM Martin Marietta Materials
CTRP Ctrip.com
FMX Fomento Econmico Mexicano
PZZA Papa Johns
DGIT DG Fast Channel
AXS Axis Capital Holding
ARO Aeropostale
BJRI BJ's Restaurant
AN Autonation
AJG Gallagher Arthur J & Co
EAT Brinker Intl
AAPL Apple
AAP Advanced Auto Parts
AGN Allergan
AGP Amerigroup
AMT American Tower
AMZN Amazon.com
BBY Best Buy
BCO Brink's Co
BIDU Baidu
BKE Buckle
BKS Barnes & Noble
BLK Blackrock
BOBE Bob Evans Farms
BPT BP Prudhoe Bay Royalty Trust
BWLD Buffalo Wild Wings
CRM Salesforce.com
CSTR Coinstar
DLB Dolby Labs
DNB Dun & Bradstreet
DRI Darden Restaurants
DRQ Drill Quip
GCO Genesco
GPRO Gen-Probe
HCC HCC Insurance
HK Petrohawk Energy
IDXX IDEXX Labs
ILMN Illumina
JCOM J2 Global Communications
JOSB Jos. A. Bank Clothiers
KFRC Kforce.com
LANC Lancaster Colony
LH Laboratory Amer
LIFE Life Technologies
LO Lorillard
L Loews
MON Monsanto
MPWR Monolithic Power Systems
NETL NetLogic Microsystems
NILE Blue Nile
NS NuStar Energy
OCN Ocwen Financial
OKS Oneok Partners
ORLY O'Reilly Automotive
PAYX Paychex
PCLN Priceline.com
PCZ Petro Canada
PETS PetMed Express
PRGO Perrigo
PX Praxair
SCHN Schnitzer Steel
SCSC Scansource
SF Stifel Financial
SLGN Silgan Holdings
SMG Scotts Company
TECH Techne
TSCO Tractor Supply
TYL Tyler Technologies
URS URS Corp

Long Setups
(Click on Symbol for Annotated Chart)

CEP Constellation Energy
ZINC Horsehead Holding
JASO J.A. Solar Holdings
BSHF BioShaft Water Technology (Low Volume)
LFVN Life Advantage (Low Volume)
MEMS Memsic (Low Volume)

Updated Setups
(Click on Symbol for Annotated Chart)

ASIA Asiainfo Holdings
BGP Borders Group
CAEI China Architectural
CVTX CV Therapeutics
FITB Fifth Third Bancorp
FRPT Force Protection
KIRK Kirklands
LSE Cap Lease
MTL Mechel Steel
NBR Nabors
SXCI SXC Health Solutions