|
The contents on this page are a small sample of StockTradersHQ's member resources (FREE Trial!)
1.
Our staff of professional technical traders analyze 1,000's of potential stocks every day to provide you with a list of stock picks with the greatest potential for explosive gains.
2. These stockpicks are traded with our real-time portfolio. Email alerts are sent for every entry and exit. Through the member-only website, you will have our support every step of the way.
3. Our subscription service provides all the resources, stock picks and tools an investor needs to make very profitable, consistent trades while maximizing gains and minimizing losses.
SEE OUR TOP PICKS FOR 2006...
|
|
Monday, November 08, 2004
Market Recap
The markets were asleep today and deservingly so. I stated last night that the markets were over bought and due for the rest as we saw today. The Dow was up +3 points, the S&P was down -1 point, and the NASDAQ was up less than a half a point. It was a snoozer of a day if you watched the indices, but not so if you owned bulletin stocks. TASR, TZOO, ELOS, LONG, OSTK, and SNDA all made big moves up today. SNDA is up big in after hours trading on earnings. Other bulletin stocks that look especially good right now are CREE, RNOW, ISSX, VRSN, MSTR, ECST, NANO, SMSI, AVN, COGT, MACE, SBAC, and KMRT. There are so many good looking charts right now. If you are not long this market, these stocks are good choices as they pullback slightly. Every pullback will be a buying opportunity. If this is a true bull market, let them run unless they run up so much in one day that profit taking would be prudent as we did today on TASR. It was up over $9.00 today so the position was closed to take a 40% profit. If it had not ran up so much, we would not have sold today. We will be looking to get back in TASR when it pulls back a little.
Old Resistance is Now Support
The market is over bought and was due for rest. It rested today as it basically stood still. This quiet time is healthy and needs to occur before the next leg up. There could even be a pullback of sorts, back to the breakout points I have highlighted in previous charts of the indices. Remember, now that the down trends and resistance lines have been broken, it is not uncommon for these levels to be re-tested as support. This means a pullback should and probably will occur. When this happens, it is the ultimate buying opportunity. These old resistances levels are now strong support and will most likely hold. In bull markets, we want to buy stocks when they pull back to support for minimal risk entries. Buying breakouts will also work, but of course there is inherently more risk in that type of entry.
Opportunity Knocks
There are many charts and stocks performing well right now. Even on days when the market is flat or down, there will always be stocks moving up big in bull markets as witnessed today with the stocks mentioned above. If you are in the right stocks, this is when you can out perform the market considerably. Tell your friends about TWPD, this is the time to be in the market and the absolutely right time to be involved with this service. The past nine months the market has been flat and very tough to trade. Times are getting better, and today is a testament of why now is the time to be involved with TWPD. If your subscription is up for renewal, believe me, now is not the time to let it expire.
CSCO Earnings
With the fed meeting and possible interest rate hikes on Wednesday, expect some more sluggish trading until the smoke clears. We also have big cap earnings releases this week from CSCO tomorrow and DELL on Thursday. These two reports should move the markets. Expect the usual from earnings from CSCO; they will probably beat estimates by a penny as they always do. If for some reason they beat estimates by more than a penny, God help anyone who is short this market.
Final Note
In case you are wondering why we almost never buy stocks at the open, here is a good find from Mike Serven, one of our message board moderators. Thanks for the link Mike.
http://money.cnn.com/2004/11/08/markets/sec_invest...
OTC BB Watch List
none
Stockcharts Listing
Please vote for us once a day at stockcharts.com. http://stockcharts.com/def/servlet/Favorites.CServ...
Thank you all for voting.
Please tell a friend about our service. We would like to become a referral service only. With your help, we can be. As always, thank you for your support past, present, and future! Have a great night everyone; we'll see you all tomorrow evening.
|
|
|
|
|
|
|
