Mar 23

Last Week’s Highlights (Week-11)

  • An Up week for all of the Major Market ETF averages (DIA, QQQ, SPY, IWM) from QQQ +0.60% to DIA +1.41%
  • March Seasonal Longs were Mixed last week .. but are almost all Up so far this month.   It is time to start Banking Profits on March Seasonal positions.
  • U.S. stocks rose, with the S&P-500 touching a record, amid optimism in the strength of the world’s largest economy.   Emerging-market equities rose, led by the biggest gain in five weeks for Hong Kong-listed Chinese shares, and the U.S. dollar weakened.
  • Regarding my HOT Seasonal Picks for the Month (March):AEHR — Up Big for the Week AND for the Month
    BBBY — Down for the week but still Up for the Month
    CKEC — (Feb/Mar) >> Sideways for the week .. Still Holding .. Up over 20% since entering in late January!
    FLWS — Up Big for the Week AND for the Month
    TZOO — not looking too good . . my gut says to take this off the watch-list
  • I was wrong about last week . . I should not have had fear . . I have been a Strong Bull for the last many weeks and should not have left that side YET.

Weekly Major Market Direction Commentary   Continue reading for Stock Picks and Commentary »

written by Blasher

Mar 16

Last Week’s Highlights

  • A Down week for all of the Major Market ETF averages (DIA, QQQ, SPY, IWM) from IWM -1.80% to DIA -2.25%
  • Our HOT Picks all got into better position for Buying with last week’s Drop . . . am still using original Buy-specs.
  • Week-10 Seasonal Longs were mostly Down with the Overall Market .. although several still were Up .. some Big .. like MNGA!
  • March Seasonal Longs were mostly Down with the Overall Market .. although several still were Up .. some Big .. like CPN!

written by Blasher

Mar 09

Last Week’s Highlights (Week-9)

  • An Up week for all of the Major Market ETF averages (DIA, QQQ, SPY, IWM) from QQQ +0.21% to IWM +1.86%
  • Our HOT Picks were mixed.
  • Week-9 Seasonal Longs were mostly Up.
  • March Seasonal Longs are almost all Up so far this month.
  • Regarding my HOT Seasonal Picks for the Month (March):

    CKEC — (Feb/Mar) >> Still going Strong .. Up over 20% since we entered in late January!   CKEC is also a Strong March Seasonal, so I am Holding my Profitable position to see what March brings.
    AEHR — starting its Up move .. quite volatile, though .. so watch out!
    BBBY — still doing great!
    FLWS — still rising nicely . . my position is Up 8% already .. by “pre-buying” on Dips before their Seasonal period, you can usually get good deals on a Seasonal Stock’s run Higher .. also lowering your risk.
    TZOO — quite Volatile so far, but looks to be starting its March rise.

  • Regarding my HOT Weekly Picks from last week:

    BONT — awesome! strategy .. Up near 10% in just 1-week . . should go Higher this coming Seasonal week.
    CMG — my Downer pick . . of course she just took off higher last week!   I will just stay away from Downers during this Bull Market. DE was another failed Down position over the past few weeks.

Weekly Major Market Direction Commentary   Continue reading for Stock Picks and Commentary »

written by Blasher

Mar 02

Last Week’s Highlights (Week-8)

  • An Up week for all of the Major Market ETF averages (DIA, QQQ, SPY, IWM) from QQQ +0.87% to IWM +1.61%
  • All of the Major Market ETF averages are still solidly above their 50- and 200- dsma AND are mostly at All-Time Highs . . only QQQ has not yet reached its historic High of the year 2000.
  • Our HOT Picks are doing very well.
  • Regarding my HOT Seasonal Picks for the Month (February):
    CF – outstanding Month … Up 10% !!
    CKEC – Still going Strong .. Up over 10% for the Month!   CKEC is also a Strong March Seasonal, so I am Holding my Profitable position to see what March brings.
  • Regarding my HOT Seasonal Picks for the Month (March):
    AEHR – came Down as I said to wait for . . now I will wait for some stabilization and/or Strength Up before possibly entering
    BBBY – beautiful! . . came Down to within my stated Buy-zone and then has been moving Up ever since
    CDI – their Earnings Report came and went with an Up bias . . . she drifted higher and now sits .. not in a good position Technically, so I will not be Buying this one
    FLWS – still rising nicely . . will probably get a pause before resuming March’s rise
    TZOO – continues to Up/Down rise … will probably get a pause before resuming March’s rise
  • Regarding my HOT Weekly Picks from last week:
    DE – Bought PUT options on Monday and was immediately very Profitable as DE Dropped for two-days in a row .. only to rise to a Loss for the next three days.   I am still Holding .. based on the last 1.5 hours of price-action on Friday.   So, I am expecting some Down to come.
    GS – I entered a position early last week and then we got a Down then Up .. so sitting slightly Profitable right now.   I am using April-165 CALL options, but the common stock itself is also slightly Profitable and I’m looking for more of a rise this coming week.
    TTHI – broke out nicely as expected after Buying early last week . . . Up over 5% already and have moved my mental Stop-Profit level up to 6.79
  • NOTE:   Since I have added a variety of Proprietary Picks to my tool-box (not just Seasonals), I have had a lot more winners and my account value has grown by quite a bit.   I am being much more selective about ALL of my picks by using better focused and personally designed Technical Analysis indicators .. not just “the popular ones”.   I would recommend, depending on account size, getting into as many of my HOT Picks as you can when they are within the Buy characteristics that I lay out for each pick. This will give you many chances for winners .. and don’t forget to cut the losers quickly! (do not worry if they turn into winners that are missed)

Weekly Major Market Direction Commentary
Continue reading for Stock Picks and Commentary »

written by Blasher

Feb 23

Last Week’s Highlights

  • A Mixed/Flat week for all of the Major Market ETF averages (DIA, QQQ, SPY, IWM) from DIA -0.21% to IWM +1.40%
  • All of the Major Market ETF averages are now solidly above their 50- and 200- dsma AND are approaching YTD Highs . . only QQQ hit its YTD Highs this week.
  • A really good week for lots of our HOT Picks from the last two weekends.
  • Regarding my HOT Seasonal Picks for the Month (February):
    CF — outstanding week! … move Stop-Profit level Up to under 239.50.
    CKEC — Still going Strong .. Up a little more last week . . . under 28.50 is now my Stop-Profit area.
  • Regarding my HOT Seasonal Picks for the Month (March):
    AEHR — wildly volatile, but still monitoring.
    BBBY — moved Down all week, but still in a nice position . . probably will be Buying more on Monday .. probably using Call options.
    CDI — waiting for the Earnings Report to be released
    FLWS — Opened a long position in the stock on Tuesday’s dip below 5 .. has gone Up ever since!
    TZOO — another beautiful call !! . . . exploded higher last week.Are we having fun yet ?!!?
  • Regarding my HOT Weekly Picks from previous weeks:
    GOMO(from Week-6) a lot more Up last week before faltering . . I Closed my position and Banked lots of Profits on the mid-week blow-off spike.   Greater than 10% Profits in less than 2-weeks!
    WUBA(from Week-6) exploded Higher last week right on schedule . . looking for more
    ALQA(from Week-7) Sideways all week, but getting ready to move Higher . . . I will be Buying on Monday unless she Drops.
    SFUN(from Week-7) Sideways all week and looking weak . . not really interested any more.

Weekly Major Market Direction Commentary Continue reading for Stock Picks and Commentary »

written by Blasher

Feb 16

Last Week’s Highlights (Week-6)

  • A Big Up week for all of the Major Market ETF averages (DIA, QQQ, SPY, IWM) from DIA +2.41% to IWM +2.99%
  • Pretty much just straight Up all week.
  • All of the Major Market ETF averages are now solidly above their 100-dsma AND are approaching YTD Highs . . only QQQ Closed this week AT YTD Highs.
  • Regarding my HOT Seasonal Picks for the Month (February):

    CF — Down/Up/Sideways … still above the 226 Stop.
    CKEC — Still going Strong .. Up a little more last week . . . under 26.95 is now my Stop-Profit area.

    Most of my original February HOT picks are now Up or WAY Up . . even the ones I no longer am monitoring!

written by Blasher

Feb 09

Last Week’s Highlights (Week-5)

  • A Mixed week for all of the Major Market ETF averages (DIA, QQQ, SPY, IWM) from IWM -1.26% to QQQ +1.19%
  • All of the Major Market ETF averages were Down Big early during the week and made Strong recoveries later in the week.
  • All of the Major Market ETF averages were flirting around the 100-dsma this past week . . only QQQ never Closed a day below it.
  • Regarding my HOT Seasonal Picks for the Month (February):
    CF – Perfect action last week .. Down then the Up I was looking for . . I will use under 226 as a Stop.
    CKEC – Still going Strong .. Up 5% already and am Holding . . . under 25.95 will be my Stop-Loss area.
    CLB – just don’t have any interest any more .. will stop monitoring.
    CQP – just don’t have any interest any more .. will stop monitoring.
    OPEN – just don’t have any interest any more .. will stop monitoring.
    OVTI – just don’t have any interest any more .. will stop monitoring.
    PCLN – on Friday PCLN shot Up past my Buy point of 1160 . . I do not chase stocks, so .. just don’t have any interest any more .. will stop monitoring.   btw, cool how the Weekly Seasonality (down in week-4) was a perfect setup if followed.
    PERY – more Down last week . . . just don’t have any interest any more .. will stop monitoring.
  • Regarding my HOT Weekly Picks from last week:
    CSCO – A nice recovery and rise last week .. perfect for shorting or Buying Put options, although I can see a little more Up early this week before a Down.   Remember, their Earnings Release is AMC on Feb-12th so there will be some Volatility coming up .. however .. CSCO is a Week-6 (this coming week) Seasonal Downer.
    KMI – Too much Down last week before rising .. then it did not get High enough to Open a Down position . . . will no longer monitor.
    KMP – A nice recovery and rise last week .. BUT .. my “gut” told me to stay away.   I will no longer be monitoring.
    SLM – Too much of a Drop before a Rally last week.   SLM already hit my Down Target before rising, so the position was ruined before it ever was Opened.   I will no long monitor this stock.

Weekly Major Market Direction Commentary

  • How about that call of mine from Jan-26 below!
    This chart I post today is the exact same one I posted back then, just SPY price-action since then has been added to the right.
Notice how SPY price-action came right Down to that Up-Trend green-line and Bounced!   AND .. at the same time the Stoch-action went below 20 and then shot Up above it again . . the Buy Signal I said to look and wait for two weekends ago!
a SPY Daily Chart . . . click it to enlarge

 

  • My medium- to longer- term Trend charts are giving me Strong shorter-term Buy Signals.
  • As a longer-term trend moves, there are shorter-term Ups and Downs .. or Downs and Ups.
  • After a 3-week, short-term Down within the much longer-term Up Trend .. the Market is Reversing back Up again.
  • There might be a very-short-term retest (Down) of the breakout Up .. but now is the time I will start Buying bigger Up positions again.
  • SO .. that orange possible Up-arrow has turned into a Green “definite” Up arrow … having waited according to my prediction 2-weeks ago, the bottom of the channel has been hit and the Stochs are turning Up . . . time for me to Buy!

Upcoming Week - my HOT Picks (Week-6)

Continue reading for Stock Picks and Commentary »

written by Blasher

Feb 02

Last Week’s Highlights (Week-4)

  • A Down week for all of the Major Market ETF averages (DIA, QQQ, SPY, IWM) from SPY -0.40% to IWM -1.14%
  • The Major Market Averages Traded fairly sideways all week just above solid, Up-Trending Support … only the DOW settled below its 100-day average.
  • All price-action this year is well within a healthy and Bullish Market … but I’ll be on a close watch for that NOT to be the case and will change my Trend-Trading direction if that occurs.
  • Regarding my HOT Seasonal Picks for the Month (January):
    CQP – Sideways last week . . its Seasonality period is over so I Closed out with not much Profit after commissions.
    LNG – Sideways last week . . at solid pattern-support now .. will use this week to make a decision .. Stop-Loss with a Close under 43.
  • Regarding my HOT Seasonal Picks for the Month (February):
    CF – Sideways/Down last week, but Signals indicate a probable turn Up during the next week … ignore my initial Buy Signal characteristics . . . I will Buy on an Up-move next week then will use under 226 as a Stop-Loss
    CKEC – I bought a full-position of CKEC early last week around 26.50 and am Holding . . . under 25.95 will be my Stop-Loss area.
    CLB – extraordinarily good Earnings were RELEASED last Wednesday AMC, which resulted in very volatile action on Thursday and Friday . . will monitor for a potentially good longer-term position.
    CQP – nothing to report on this one . . lots of volatile action last week resulting in not much ending price movement.   I am now NEUTRAL on this guy.
    OPEN – a lot of negative action last week . . not too excited about this any more.
    OVTI – not much happened last week to excite me .. will keep watching using my initial Buy Signal characteristics.
    PCLN – a Big Down last week (following its usual Week-4 Down Seasonality), but I will follow my initial Buy Signal characteristics to see if anything happens this week.
    PERY – Big Down last week (following its usual Week-4 Down Seasonality), but I will follow my initial Buy Signal characteristics to see if anything happens this week.
  • Regarding my HOT Weekly Picks from last week:
    DDD - a Down week . . not as excited anymore, but still monitoring.
    TWTR - a nice Drop and Pop last week . . will look to Add on any shallow weakness this week.

Weekly Major Market Direction Commentary

  • Bullish Percentages for the Major Indices are still in Bearish Mode.
  • NYSE Advance-Decline still moving Down.
  • NYSE High-Low is in the Neutral Zone .. heading towards Buy-mode, but still cautionary.
  • My Trend-Analyzer is showing that the U.S. Major Indices are bottoming this short-term Drop and will soon turn Up again in the very near future.
  • My Volatility Calendar Spread also shows a bottoming that forecasts a nice Up move coming.
  • Last week the S&P-500 went according to my plan and prediction I charted last weekend (see below) . . right Down into my Buy-zone.
  • There might be a little more Down action this week, but it will probably be the Bottom for a while . . a Buying opportunity!

Upcoming Week - my HOT Picks (Week-5)

  • Seasonals . . .
    I will be focusing on entering February Monthly positions as I outlined above in today’s posting.
  • Proprietary Picks . . . short-term PUT option Buying .. expecting more failure in these stocks
    CSCO – Their Earnings Release is AMC on Feb-12th so there will be some Volatility coming up .. however .. CSCO is a Week-6 Seasonal Downer, so shorting or Buying PUTs this coming Week (5) would setup nicely for that . . along with the current, short-term, Down-trending weakness.   Also, its option-volatility is somewhat low now and will increase into the Earnings Release .. thereby increasing [chance of] Profits just on Volatility increase.   I have a Target in the low 20′s for CSCO and would Bank Profits there if reached.
    SLM – Their Earnings Release recently occurred (Jan-16) and was not received well .. leading to the Big Drop since then.   My Indicators/Signals have a Target of the low 22′s .. so if we get a little run Higher early this coming week (no Higher than 23.35/23.40), then I will be Buying SLM PUT-options for a week or two gain as SLM fails to break back above 23.40 and falls Down to my Target area . . . this is my prediction, of course.
    KMI – My Indicators/Signals have a Target of the 32.50 area .. so if we get a little run Higher early this coming week (no Higher than 34.60), then I will be Buying KMI PUT-options for a week or two gain as KMI fails to break back above 34.60 and falls Down to my Target area . . . this too is my prediction, of course.
    KMP – My Indicators/Signals have a Target of the 77.20 area .. so if we get a little run Higher early this coming week (no Higher than 80.00), then I will be Buying KMP PUT-options for a week or two gain as KMP fails to break back above 80.00 and falls Down to my Target area . . . this too is my prediction, of course.

TIP:   You are trading other traders, not the actual stock. You have to be aware of the psychology and emotions behind trading.

Make Steady INCOME with Covered Calls!

FREE Elliott Wave Club 

written by Blasher

Jan 26

Last Week’s Highlights (Week-3)

  • A Big Down week for all of the Major Market ETF averages (DIA, QQQ, SPY, IWM) from QQQ -1.30% to ?DIA -3.41%
  • The Markets were Down all week … accelerating Downward each day.
  • Weekly and Monthly Seasonal Stocks were actually mixed . . finding those that bucked the Down-trend last week are ones I like to Buy! . . below we’ll look at my recent HOT picks to see if any went UP last week.
  • Regarding my HOT Seasonal Picks for the Month (January):
    ASTC – banked Profits on the Volatility of last Wednesday .. +35 gain in less than a Month!.
    CQP – This is one that bucked the trend last week .. Up, Up, and away … Now that’s what I call HOT!   I’m Holding but will monitor closely.
    LNG – battered Down some last week, but Friday looked like Reversal-Up action . . still Holding as LNG usually continues to rise into February .. might even Add some more to my position on Monday if all looks safe.
  • Regarding my HOT Seasonal Picks for the Month (February):
    CF – Big Drop last week towards the bottom of its Up-channel … follow my initial Buy Signal characteristics.
    CKEC – This one bucked the trend last week by not Dropping too much . . now she is at the Bottom of its Up-channel .. looking ready to run Higher.   Follow my initial Buy Signal characteristics.   I’ll be looking to Buy on Monday.
    CLB – Follow my initial Buy Signal characteristics.
    CQP – As stated above as a January pick, this one bucked the trend last week by moving nicely Higher.   Follow my initial Buy Signal characteristics.   I’ll be looking to Buy on Monday.
    OPEN – This one bucked the trend last week by not Dropping too much.   Follow my initial Buy Signal characteristics.   I’ll be looking to Buy on Monday.
    OVTI – Big Drop last week .. now BELOW its previous Up-channel … follow my initial Buy Signal characteristics .. OR .. it might have worked its way off of my watch-list.
    PCLN – This one bucked the trend last week by not Dropping too much . . now she is at the Bottom of its Up-channel .. looking ready to run Higher.   Follow my initial Buy Signal characteristics.   I’ll be looking to Buy on Monday.
    PERY – This one bucked the trend last week by not Dropping too much . . now she is at the Bottom of its Up-channel .. looking ready to run Higher.   Follow my initial Buy Signal characteristics.   I’ll be looking to Buy on Monday.

Weekly Major Market Direction Commentary

  • the NYSE ($NYA) finally made an all-time High (ex-Oct-2007) on Thursday .. only to Drop 3.5% on Friday . . . is this a Double-Top ??
  • Obviously after a Big Down week there are lots of Sell-Signals . . .
  •   however, with the highly-defined Up-channel the Market has been in for so long, we also have Buy-Signals.
  • below is an updated version of the chart/topic I posted on Dec-28-2013 (less than a month ago)
a SPY Daily Chart . . . click it to enlarge

Notice the long-term Up-Trend that the Stock-Market (SPY) is in . . the Dips, as seen/guided by the 50-dsma and Stochastics, are always being bought .. in Higher-Volume (use the darker-blue MA volume line).
Last week broke and Closed below the 50-dsma, but other times in the past has done this as well and still rebounded Upward.
There is still more room Down in price to go to the bottom of the Up-channel (dash green line) and then a Bounce Up would still fit into the longer-term Up-Trend.
There is still more room Down to go in the Stoch before a bottom and then a Bounce Up would still fit into the longer-term Up-Trend.
Here’s how *I* will be Trading it:

  • I will watch SPY price- and Stoch- action . . as long as price stays above the 174-175 area, I will Buy Uppers on SPY when the Stoch goes below 20 and then turns Up .. expecting a corresponding Up-move in SPY as well.   If Stoch goes Down then Up but price keeps going Down, then I will wait for price to start moving Up along with Stoch.
  • .. OR ..   If price starts rebounding Higher early this week, I will watch for an area of price-failure to Open Downers on SPY . . especially if the Stoch does not move Up with price.   I am looking for failures as an inability for price to go above recent tops or move above recent price-bars or fill recently Open gaps.
  • .. OR ..   If price breaks a recent extreme (new Highs or below the 174 bottom of the channel), I will re-analyze the situation then.

Upcoming Week - my HOT Picks (Week-4)

  • Seasonals . . .
    I will be focusing on entering February Monthly positions as I outlined above in today’s posting.
  • Proprietary Picks . . .
    I will be looking to Open longer-term positions in Twitter (TWTR) and 3D Systems (DDD).
    I will be looking to Open a medium-term position in Tesla (TSLA) on a move Down below 167

TIP :   Amateur traders turn into professional traders when they stop looking for the “next great technical indicator” and start controlling their risk on each trade.

Make Steady INCOME with Covered Calls!

FREE Elliott Wave Club 

 

written by Blasher

Jan 19

Last Week’s Highlights (Week-2)

  • A Mixed week for all of the Major Market ETF averages (DIA, QQQ, SPY, IWM) from SPY -0.27% to QQQ +0.66%
  • Most Week-2 Seasonals were Up.
  • Markets can correct two ways, in price and in time. The Stock Market has been consolidating sideways so far in 2014, so we’re correcting in time, and there is nothing wrong with that. After the huge rally we saw the final four months of last year, some sideways action is normal and very healthy.
  • “AXP reported very strong earnings and moved to a new high in response.   Also, housing starts were stronger than expected, building on some of the better-than-expected economic data we’ve seen in the past month. All in all, earnings season really kicks into overdrive next week, so there could be a lot of movement in individual stocks.
  • Regarding our HOT Seasonal Picks for the Month (January):ASTC — another +20% in gains last week!   I’ll be looking to Bank Profits this week as most of it gains are usually in the first half of the month.
    CQP — Dropped all week, but bounced nicely off of the 27.50 Stop/Support level .. on higher Volume . . . a good sign of a probable Reversal back Up coming.   I’m Holding but will monitor closely.
    LNG — a Sideways week . . still Holding as LNG usually continues to rise into February.
  • Regarding our HOT Weekly Picks from last week:ATGN — definitely turning Up .. would have been a good Buy last week, but could not get IN at my 12-cent limit . . will try again on Tuesday
    HVT — Down/Sideways all week . . still above my Stop-Loss area.
    ONVO — Up/Sideways all week . . still above my Stop-Loss area.

Weekly Major Market Direction Commentary . . . Continue reading for Stock Picks and Commentary »

written by Blasher \\ tags: ,