May 2005 Archives

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I'd say zero to eight points. I'd watch how it acts around the 50 DMA closely though -- this chart reminds me of many of the charts in William O'Neils book about shorting. :-o

This is a first -- I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its 2-month long downtrend. Watch that it doesn't slip back into the channel though!

This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:

It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of a dip for some portion of that crowd to put their cash to work. I think a pullback or sideways action would be very healthy right now. I'm thinking that we just go sideways for a while since there are so many people looking for a dip. But I'm not one for predictions. There are some clear channels/ranges on the Nasdaq and S&P that I'll be watching closely for clues about the next move.

Rick requested a chart of EMN and an update on CLX, which I posted last week:

Obviously there's a lot of strength in the market right now. I assume that's largely due to money mangers scrambling to participate in the rally and I won't be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk up its upper Bollinger Band. I always say that when you see the upper band "open up" (go almost vertical) and price starts chasing it you should either get on board or get out of the way. As you can see, the Nasdaq has been walking its upper band for six days now and the S&P 500 is just beginning its attempt at a walk:

Tomorrow I'll start posting my watchlists again. There will be a couple of changes though. Although I'm no longer swing trading I'll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. The major difference will be that I'll update the list of potential day trades during the trading session. I doubt that there will be much detail on the intraday updates as I try to stay focused on catching the entries and managing my open positions. It'll probably just be notes like "XYZ is getting crushed, I'm looking for a spot to get short."

Kevin, who's looking to buy puts on Citigroup asked for my read of the chart:

I got the following question about ABB from Tim:

Tony's looking for a bottom-fishing play in ONXX:

Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart -- the 50-day moving average, t