Saturday, May 30, 2009

Thoughts....

Until we, as traders, understand the simple truth that no one knows the direction the market will take over a specific period of time, we will never be successful. The markets main objective is to destroy everyone. The majority fail because they let it do its thing. If we're going to survive, we have to do our thing by controlling our positions with specific rules and targets. It's important to remember that we are in control of our positions. The market never is. When I take a position, I always assume that I'll be wrong until the market proves it to be right.

In the Weekend Review, I broke the short setups into sectors. I hope it makes it a little easier to follow. I also updated a few charts that were failures during the week. They are located at the bottom.

I'll have the Spreadsheet with the current levels posted tonight or early tomorrow. I'll have it linked here. Also, I'm a little behind responding to the emails I've received the past couple of days. I'll be caught up by tomorrow.

Here are some other setups not in the Weekend Review:

BGZ Direxion Large Cap Bear 3x Shares
XRT S&P Retail Index
JNJ Johnson & Johnson
HSIC Henry Schein

With summer about to begin, I may take another break from the blog. Hopefully, everyone who has visited has found an occasional nugget or has seen another angle how TA can be applied to the markets.

Index Watch for 6-1-09:








Review for Week of June 1, 2009:

Breakout Setups
(Click on Symbol for Annotated Chart)

GLG GLG Partners
AMCN AirMedia Group
GNA Gerdau AmeriSteel
VMW VMware
PFAP Pacific Asia Petroleum
KCI Kinetic Concepts
VTIV inVentiv Health
SPR Spirit AeroSystems
WNR Western Refining
LIOX Lionbridge Technologies
BTIM BioTime
CVO Cenveo
OSK Oshkosh
MVG MAG Silver
APL Atlas Pipeline Partners
CTCT Constant Contact
CLR Continental Resources
ARAY Accuray
SMOD Smart Modular Tech
OCNF OceanFreight
ULTR Ultrapetrol
CRS Carpenter Tech
SGMS Scientific Games
ESEA Euroseas
VIMC Vimicro
IMGN ImmunoGen
TELK Telik
OPXT OpNext
MDAS MedAssets
ACXM Acxiom
WMAR West Marine
NEOP NeoProbe
ALJ Alon USA Energy
CNTF China TechFaith Wireless
LNG Cheniere Energy
DIVX DivX
JSDA Jones Soda
RMKR Rainmaker Systems
BPHX Blue Phoenix Solutions
IDT IDT Corp
NTII Neurobiological Tech
GRVY Gravity
CSUH Celsius Holdings

ETF Setups
(Click on Symbol for Annotated Charts)

GDX Market Vectors Gold Miners
QID ProShares UltraShort QQQ
EEM iShares Emerging Markets
ERY Direxion Energy Bear 3x Shares
FAZ Direxion Financial Bear 3x Shares
SLV iShares Silver Trust
DAG DB Agriculture Double Long
FXE Currency Shares Euro Trust
FXY Currency Shares Japanese Yen
FXI iShares Xinhua China

Long Setups
(Click on Symbol for Annotated Chart)

TVL Lin TV
MELI MercadoLibre
GA Giant Interactive
ABR Arbor Realty Trust
NCS NCI Building Systems
CDNS Cadence Design Systems
Short Setups
(Click on Symbol for Annotated Chart)

Oil & Gas:
CNQ Canadian Natural Resources
OII Oceaneering
DO Diamond Offshore
MRO Marathon Oil
NBL Noble Energy
NXY Nexen
RRC Range Resources
ARD Arena Resources
BPT BP Prudhoe Bay Royalty Trust
APA Apache
BP BP Amoco
CEO China National Offshore
CXG CNX Gas
DRQ Dril Quip
EAC Encore Acquisition
ECA EnCana
EEQ Enbridge Energy
EPD Enterprise Products
HK Petrohawk Energy
IOC InterOil
OXY Occidental Petroleum
PBR Petroleo Brasileiro
SNP China Petroleum & Chemical

Materials:
FCX Freeport McMoran
KGC Kinross Gold
NEM Newmont Mining
PCU Southern Copper
SIAL Sigma-Aldrich
TRA Terra Industries
PKX Pohang Iron & Steel
ARJ Arch Chemicals
ABX Barrick Gold
ALB Albermale
AU Anglogold Ashanti
BHP BHP Billiton
BVN Companhia de Minas Buenaventura
FMC FMC Corp
GFI Gold Fields
NEU NewMarket
RS Reliance Steel

Technology:
APH Amphenol
ARST ArcSight
MICC Millicom Intl
BIDU Baidu
FISV Fiserv
IHS IHS Inc
JNPR Juniper Networks
BMI Badger Meter
VSAT ViaSat
WDC Western Digital
AMT American Tower
RIMM Research in Motion
SOHU Sohu.com
MPWR Monolithic Power Systems
NTES NetEase.com
TYL Tyler Tech
ANSS ANSYS
CNQR Concur Tech
CTXS Citrix Systems
DIOD Diodes
EQ Embarq
FFIV F5 Networks
MCRS Micros Systems
MIL Millipore
PAYX Paychex
VPRT VistaPrint

Biotech & Health:
SNY Sanofi-Aventis
QGEN Qiagen
ALXN Alexion Pharma
ACOR Acorda Therapeutics
AMAG AMAG Pharma
BIO Bio-Rad Labs
COV Covidien
EW Edwards Lifesciences
ILMN Illumina
LIFE Life Technologies
MDVN Medivation
NUVA NuVasive
OCR Omnicare
PRGO Perrigo
STJ St. Jude Medical
VRX Valeant Pharma

Consumer Goods:
BWA Borg Warner
CRI Carter Holdings
PDA Perdigao
RKT Rock Tenn
DMND Diamond Foods
BG Bunge
BMS Bemis
K Kellog
LANC Lancaster Colony
TAP Molson Coors
UL Unilever

Financial:
ICE Intercontinental Exchange
AMTD TD Ameritrade
ITUB Itau Unibanco
JEF Jefferies Group
TROW T. Rowe Price

Retail:
GES Guess
GYMB Gymboree
LUX Luxottica
BKE Buckle
NFLX Netflix
FOSL Fossil
BKS Barnes & Noble
GCO Genesco
AAP Advanced Auto

Restaurants:
EAT Brinker Intl
MCD McDonalds
PFCB P.F. Changs China Bistro
JACK Jack in the Box
PZZA Papa John's

Other:
DSX Diana Shipping
AGCO AGCO
GPN Global Payments
DWA Dreamworks Animation
JBHT J.B. Hunt
SJR Shaw Communications
RYAAY Ryanair Holdings
KEX Kirby
ATK Alliant TechSystems
ADM Archer Daniels Midland
AZZ AZZ Inc
CNI Canadian National Rail
FPL FPL Group
GR Goodrich Corp
GWR Genesee & Wyoming
HCN Health Care REIT
IRM Iron Mountain
KUB Kubota
L Loews
MHS Medco Health Solutions
MIDD Middleby
MVL Marvel Enterprises
SWN Southwestern Energy
UNP Union Pacific

Updated Setups
(Click on Symbol for Annotated Chart)

GOLD Randgold Resources
PTR Petrochina
RIG Transocean
SNX Synnex
UTHR United Therapeutics
EXPE Expedia

Sunday, May 24, 2009

Thoughts....

The Weekend Review, the Index Watch and the Spreadsheet are all complete. Trading around the short and long setups will continue to provide us with favorable risk / reward as opposed to buying the breakouts and the occasional breakdown setup I post. As I've mentioned before, we have to trade like a pro if we want to be a pro. That means we short into strength and we buy weakness. The approach I'll continue to take will be primarily based on identifying simple support and resistance, pattern setups, key moving averages and investor sentiment.

Here are a few more short setups I didn't include in the earlier post:

GOLD Randgold Resources
SOHU Sohu.com
IHS IHS Inc
AMTD Ameritrade
ITUB Itau Unibanco

Saturday, May 23, 2009

Index Watch for May 26, 2009:







Review for Week of May 26, 2009:

Breakout Setups
(Click on Symbol for Annotated Chart)

APL Atlas Pipeline Partners
BTIM BioTime
LIOX Lionbridge Technologies
CLR Continental Resources
CRS Carpenter Tech
KCI Kinetic Concepts
SIFY Sify Technologies
CTCT Constant Contact
SPR Spirit AeroSystems
KBR KBR Inc
VMW VMware
STLD Steel Dynamics
TELK Telik
WNR Western Refining
BEAV BE Aerospace
NGS Natural Gas Services
ARAY Accuray
XJT Expressjet Holdings
OCNF OceanFreight
MXIM Maxim Integrated
C Citigroup
CHINA CDC Corp
ESEA Euroseas
CHKP CheckPoint Software
RVSN RADVision
IMGN ImmunoGen
OSK Oshkosh
JSDA Jones Soda
ACXM Acxiom
LNG Cheniere Energy
OPXT OpNext
PRGN Paragon Shipping
CNTF China TechFaith Wireless
BPHX Blue Phoenix Solutions
SMI Semiconductor Mfg
ALJ Alon USA Energy
MGI MoneyGram Intl
GRVY Gravity (Low Volume)
KDE 4Kids Entertainment (Low Volume)
RMKR Rainmaker Systems (Low Volume)
NTII Neurobiological Tech (Low Volume)
IKAN Ikanos Communications (Low Volume)
PLNR Planar Systems (Low Volume)
IDT IDT Corp (Low Volume)
APIA API Nanotronics (Low Volume)
CSUH Celsius Holdings (Low Volume)
EMAN eMagin (Low Volume)
AVRX Avalon Pharma (Low Volume)

ETF Setups
(Click on Symbol for Annotated Chart)

SKF ProShares UltraShort Financials (L)
SRS ProShares UltraShort Real Estate (L)
EEM iShares Emerging Markets (S)
DAG DB Agriculture Double Long (L)
IXC iShares S&P Global Energy (S)
FXE Currency Shares Euro Trust (S)
FXY Currency Shares Japanese Yen (S)
GDX Market Vectors Gold Miners (S)
SLV iShares Silver Trust (S)
OIL iPath S&P Crude Oil (L)
DXO PowerShares Crude Oil Double Long (L)

Long Setups
(Click on Symbol for Annotated Chart)

ATW Atwood Oceanics
HL Hecla Mining
MELI MercadoLibre
AMKR Amkor Technology
KLAC KLA-Tencor
CVI CVR Energy
NCS NCI Building Systems
JOYG Joy Global
JRCC James River Coal Company
ANR Alpha Natural Resources
ARM Arvinmeritor
ACTS Actions Semiconductor
URRE Uranium Resources
LLNW Limelight Networks
GA Giant Interactive
CTIC Cell Therapeutics
AKS AKSteel
AHD Atlas Pipeline Holdings
CYCC Cyclacel Pharma
ANPI Angiotech Pharma

Short Setups
(Click on Symbol for Annotated Chart)

ABX Barrick Gold
AGU Agrium
ANSS ANSYS Inc
BG Bunge Ltd
BHP BHP Billiton
BVN Compania de Minas Buenaventura
CHUX O'Charley's
CTXS Citrix Systems
DIOD Diodes
DRQ Dril Quip
EOC Empresa Nacional de Electricidad
EPD Enterprise Products
FFIV F5 Networks
FMC FMC Corp
GYMB Gymboree
HK Petrohawk Energy
ICE Intercontinental Exchange
JST Jinpan Intl
KUB Kubota
LANC Lancaster Colony
MDVN Medivation
NEU NewMarket
NFLX Netflix
NTES NetEase.com
PBR Petreleo Brasileiro
PLCE The Childrens Place
RKT Rock Tenn
SNX Synnex
SPSS SPSS Inc
TAP Molson Coors Brewing
TRA Terra Industries
UL Unilever
VPRT VistaPrint
VRX Valeant Pharma
WDC Western Digital
WIT Wipro
AAP Advanced Auto Parts
ALB Albermale
AMAG AMAG Pharma
ARLP Alliance Resource Partners
BKE Buckle
BKS Barnes & Noble
BP BP Amoco
CEO China National Offshore
CKH Seacor Holdings
COV Covidien
ECA EnCana
FOSL Fossil
GWR Genesse & Wyoming
IAG IAMGOLD Corp
JACK Jack in the Box
K Kellog
LIFE Life Technologies
LUX Luxotica Group
NITE Knight Capital Group
PTR Petrochina
SNP China Petroleum & Chemical
TMO Thermo Fisher
TROW T.Rowe Price
UNFI United Natural Foods
URS URS Corp
WXS Wright Express
ACOR Acorda Therapeutics
APA Apache
AU Anglogold Ashanti
AZZ AZZ Inc
BOBE Bob Evans Farms
B Barnes Group
CCK Crown Holdings
CHN China Fund
CNI Canadian National Rail
CNQR Concur Technologies
CNQ Canadian Natural Resources
EAC Encore Acquisition
EEQ Enbridge Energy
EQIX Equinix
EQ Embarq
EW Edwards Lifesciences
EXPE Expedia
FCN FTI Consulting
GCO Genesco
GFI Gold Fields
GR Goodrich Corp
HCN Health Care REIT
HELE Helen of Troy
HGT Hugoton Royalty Trust
IIVI II-VI
ILMN Illumina
IMA Inverness Medical Technology
IOC InterOil
JEF Jefferies Group
JWN Nordstrom
KMR Kinder Morgan Mgt
KYN Kayne Anderson
L Loews
MD Mednax
MHS Medco Health Solutions
MIDD Middleby
MIL Millipore
MRO Marathon Oil
MVL Marvell Enterprises
NRGY Inergy
NUVA NuVasive
NXY Nexen
OXY Occidental Petroleum
PAYX Paychex
PRGO Perrigo
PWRD Perfect World
PZZA Papa Johns Intl
QDEL Quidel
RIG Transocean
SMS Sims Metal Management
STJ St. Jude Medical
SWN Southwestern Energy
URBN Urban Outfitters
UTHR United Therapeutics

Sunday, May 17, 2009

Thoughts....

The Weekend Review and the Spreadsheet are updated. Since it takes so much to time to annotate every chart over the course of a weekend, it's almost impossible to do them all. The values I'm watching, however, are current on the spreadsheet.

Saturday, May 16, 2009

Index Watch for May 18, 2009:







Review for Week of May 18, 2009:

Breakout Setups
(Click on Symbol for Annotated Chart)

BEAV BE Aerospace
BTIM BioTime
CNTF China TechFaith Wireless
APL Atlas Pipeline Partners
OPXT OpNext
XJT ExpressJet
MXIM Maxim Integrated
MDAS MedAssets
TELK Telik
SMOD Smart Modular
EGMI Electronic Game Card
PLAB Photronics
ALJ Alon USA Energy
SUPG Supergen
ARAY Accuray
SMI Semiconductor Mfg. Intl.
WNR Western Refining
IKAN Ikanos Communications
INSM Insmed
JSDA Jones Soda
OCNF Ocean Freight
LNG Cheniere Energy
BPHX Blue Phoenix Solutions
OCLS Oculus Innovative Sciences
CSUH Celsius Holdings
GRO Agria
RVSN RadVision
MGI MoneyGram Intl
IDT IDT Corp
NTII Neurobiological Technologies
TSON TranS1 (Low Volume)
VOCL VocalTec Communications (Low Volume)
VSPC VioSpace (Low Volume)
WEBM WebMedia Brands (Low Volume)
NED Noah Education (Low Volume)
EMAN eMagim (Low Volume)
AVRX Avalon Pharma (Low Volume)
PLNR Planar Systems (Low Volume)
PSTI Plurisystem Life Systems (Low Volume)
APIA API Nanotronics (Low Volume)

Long Setups
(Click on Symbol for Annotated Chart)

ABR Arbor Realty
EK Eastman Kodak
URRE Uranium Resources
UEC Uranium Energy
YGE Yingli Green Energy
ARM Arvinmeritor
ANR Alpha Natural
CVI CVR Energy
DRYS Dry Ships
CMZ Compton Petroleum
ATML Atmel
JADE LJ Intl
JRCC James River Coal
CSIQ Canadian Solar
CTIC Cell Therapeutics
JASO J.A. Solar
CDNS Cadence Design
WSTL Westell Tech
XTEX Crosstex Energy
AKS AKSteel
AHD Atlas Pipeline Holdings
LLNW Limelight Networks
MTW Manitowoc
NCS NCI Building Systems
CELL Brightpoint
GA Giant Interactive
IO ION Geophysical
CAEI China Architectural
ADAT AuthentiDate
AHC A.H. Belo

ETF Setups
(Click on Symbol for Annotated Chart)

SRS ProShares UltraShort Real Estate
FXY Currency Shares Japanese Yen
IXC iShares S&P Global Energy
GDX Market Vectors Gold Miners
SLV iShares Silver Trust
OIL iPath S&P Crude Oil
IFN India Fund
UCO ProShares Ultra Crude Oil

Short Setups
(Click on Symbol for Annotated Chart)

ACL Alcon
ACOR Acorda Therapeutics
AFAM Almost Family
ALB Albermale
AMAG AMAG Pharma
ARST ArcSight
ATK Alliant TechSystems
AU Anglogold Ashanti
BHI Baker Hughes
BHP BHP Billiton
BIO Bio-Rad Labs
BMC BMC Software
BVN Compania de Minas
CMN Cantel Medical
COV Covidien Ltd
CUB Cubic Corp
DRQ Dril Quip
EQ Embarq
FOSL Fossil
HELE Helen of Troy
IIVI II-VI
IOC Inter-Oil
KEX Kirby
KMR Kinder Morgan
K Kellog
LH Laboratory Amer Holding
LIFE Life Technologies
LUX Luxottica
MCRS MICROS Systems
MD Mednax
MHS Medco Health Solutions
MIDD Middleby
MIL Millipore
NEU NewMarket
NFLX NetFlix
NUVA NuVasive
OCR Omnicare
PDA Perdiagao
PRGO Perrigo
PTR Petrochina
PWRD Perfect World
QDEL Quidel
RAH Ralcorp Holdings
RHT Red Hat
RKT Rock Tenn
SMS Sims Metal Management
SNX Synnex
STEC STEC Inc
STJ St. Jude Medical
SYNT Syntel
TLM Talisman Energy
UNFI United Natural Foods
URS URS Corp
VPRT VistaPrint
WXS Wright Express
AAP Advanced Auto Parts
ABC AmerisourceBergen
ACGL Arch Capital Group
ATO Atmos Energy
BOBE Bob Evans Farms
CCK Crown Holdings
CENT Central Garden & Pet
CEO China National Offshore
CNI Canadian National Rail
CNQR Concur Tech
COO Cooper Cos.
DBRN Dress Barn
ECA EnCana
EQIX Equinix
EW Edwards Lifesciences
EXPE Expedia
FCN FTI Consulting
FPL FPL Group
GFI Gold Fields
GG Goldcorp
GR Goodrich
GS Goldman Sachs
GYMB Gymboree
HANS Hansen Natural
HCN Health Care REIT
HLTH Health Corp
IAG IAMGOLD
ILMN Illumina
JACK Jack in the Box
JWN Nordstrom
LIHR Lihir Gold
L Loews
MDVN Medivation
MFE McAfee
MRO Marathon Oil
NLY Annaly Capital Mgt
NRGY Inergy
OXPS OptionsXpress
PAYX Paychex
PCR Perini
PZZA Papa Johns Intl
RAVN Raven Industries
RIG Transocean
SNP China Petroleum & Chemical
SWN Southwestern Energy
TROW T.Rowe Price
UIL United Illuminating
URBN Urban Outfitters
USMO USA Mobility
WAB Wabtec