Here are some of the stocks that showed up on my buy scan. We may have seen the low but it is possible that we see one more sell-off to wash the weak hands. Currently I am doing intraday trades  from the long side only. If S&P closes below 800, I'll stay on the sidelines.

If the market goes up from here these stocks should easily double. The holding period is at least 1 year (if profitable). Put these stocks on your watch list and when you see a pattern as described on the follwing link, you can buy. ALWAYS use stop losses. Stops should be somewhere between the low of the cup and low of the handle. This pattern is described in detail in William O Neil's book, "How to make money in stocks". You can probably get it from your local library or buy one...it is worth the money. If you are patient and wait for the right time you should do pretty good at the end.

If you find other stocks that have a similar pattern, please post it here.

http://www.chartpattern.com/cup_handle.html

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont

I won't have time to post everyday but will try to answer any questions on weekends.

Thanks for all the emails.

Happy Investing.

Scroll down for the list. Not sure why there is such a huge blank space.

Rank	Symbol	Company Name	Last Price
1	GHM	Graham Corp	12.98
2	AAPL	Apple Inc	123.9
3	ANR	Alpha Natural Resources Inc	19.7
4	GOOG	Google Inc	389.49
5	HXM	Desarrollaxdora Homex DR	21.86
6	HP	Helmerich & Payne Inc	32.76
7	NOV	National Oilwell Varco Inc	31.5
8	PCLN	Priceline.Com Inc	96.16
9	HANS	Hansen Natural Corp	39.89
10	NBL	Noble Energy Inc	60.69
11	CMI	Cummins Inc	33.38
12	DRQ	Dril-Quip Inc	34.1
13	BWLD	Buffalo Wild Wings Inc	41.84
14	SPAR	Spartan Motors Inc	6.93
15	HITT	Hittite Microwave Corp	37.07
16	VSEA	Varian Semiconductor Equipment Associates Inc	23.91
17	AMX	America Movil ADR Rep 20 Series L Ord Shs	33
18	ENG	ENGlobal Corp	6.19
19	MT	ArcelorMittal ADR	27.23
20	AMTD	TD Ameritrade Holding Corp	16
21	DNR	Denbury Resources Inc	16.48
22	OII	Oceaneering International Inc	43.94
23	DLB	Dolby Laboratories Inc	36.81
24	TNB	Thomas & Betts Corp	28.01
25	SNDA	Shanda Interactive Entertainment Ltd	48.03
26	SOHU	Sohu.com Inc	52.43
27	WAB	Wabtec Corp	38.12
28	GCO	Genesco Inc	21.76
29	FTI	FMC Technologies Inc	36.13
30	VMI	Valmont Industries Inc	62.2
31	NTES	Netease.com Inc	30.91
32	AIT	Applied Industrial Technologies Inc	22.09
33	WBD	Wimm-Bill-Dann OAO	44.31
34	WDC	Western Digital Corp	21.16
35	MCRS	Micros Systems Inc	20.61
36	CERN	Cerner Corp	47.42
37	GYMB	Gymboree Corp	33.43
38	RSTI	Rofin-Sinar Technologies Inc	19.29
39	BRY	Berry Petroleum Co	16.92
40	CNQ	Canadian Natural Resources Ltd	48.94
41	WIT	Wipro Ltd	9.12
42	CHRW	CH Robinson Worldwide Inc	53.35
43	BMI	Badger Meter Inc	37.69
44	CEO	CNOOC ADR representing 100 Class H Shares	115.55
45	BKE	Buckle Inc	35.2
46	LNN	Lindsay Corp	38.32
47	DAR	Darling International Inc	6.08
48	CTRN	Citi Trends Inc	23.77
49	MCHP	Microchip Technology Inc	22.25
50	SNX	SYNNEX Corp	19.39
51	ARO	Aeropostale Inc	32.89
52	TRAD	TradeStation Group Inc	7.79
53	SCHW	Charles Schwab Corp	17.84
54	NKE	NIKE Inc	54.73

I added more solars to my portfolio..

JASO & SOl to go along with my YGE that i have been holding for a month now..

With Obama's new green energy plan, rising gas prices once the summer rolls around and new additional chinese government subsidy for solar energy, looks very bullish to me.

What do you think about these stocks? Anybody still holding CX? 

Trading experts,

Whats your take on C? Today, its already up by 14%. Should I hold on to it or sell it?

Thuldai,
Personally, I would not buy any financial stocks until the stress test result come out tomorrow afternoon. Having said that I looked at C and it looks like there is a reversal happening soon. Notice the doji in the candlestick at the top of the recent rally on the hourly chart. Doji is a bearish reversal sign when you are near a peak of a rally.
This is not a suggestion to sell or hold but to be careful!

To learn more about different types of candlesticks, check the link below:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_cand

What's going on with bank stocks today?  C, WFC, BAC are all up quite significantly.  I am happy because I hold those stocks.  But I am curious what's the story behind this rally.  I believe the stress test result are coming out only tomorrow evening, so are the investors thinking the results are going to be better than expected?  Despite the news that BAC should supposedly raise $30B.

 

riten,
congratulation. you do have a "heart" of tiger for holding those names even after this rally of 100% or more.

emini,
i have a question for you? what do you think the closing of SPY by expiration?

seems like i will have to take my losses on them )O: . did not expect this rally to go on for 8 weeks neither for it to take our 920 on S&P. ah well.. things could be worse.

Can you please look at CME for me. I see the pattern but just wanted to make sure.

The stress test result already leaked and BAC need to raise about $34 B but the gov pref shares of about $30B will be converted to common meaning they need just about $4 B more, the dilution was already priced in and BAC is selling some other parts that they got during merrill merger to staisfy the remaining. That's why the huge run up today , same story with C, they need about $5 B which they are getting from selling japanese unit..these two banks were the biggest concern apart from WFC but since Buffett sharply criticize any result that would make WFC to raise additional capital so ppl think he is right ..hence we saw the rally...if there is not any more twist to this story, i feel like the rally would continue till friday before sell off ..I sold half of BAC around 12.8 but still holding half , which i might hold long term..I'm long on C.

bought SQNM and holding it . I think I am loosing bucks ! Any ideas : is it wise to hold it ?

CX, MTL, PCX, STV, GTI and FEED are some of our holdings. It's nice that we are all doing good here. I am going to exit my positions on Friday. I am not a long-term investor so I'm getting out. You guys need to decide what to do based on your risk tolerance.

Thapap,

I'm clueless regarding where SPY might close by expiration. Everyday I think that the market can't go any higher but everyday it keeps going up. 920 and 1000 should bring lots of sellers. If I have to guess it will be at 87.

I made around $3000 on Citi in 2 months. Now C is very close to hit $4 again, and I have feelings that it might bounce back to $3 or even less. Now I am thinking to  sell half of C stocks and buy BKUNA and AMB. What do you guys think?

Alright, did anybody buy VNDA this afternoon?? I will save you guys some effort, it's 824% AH. They had been waiting for approval for a while, but when FDA approved it.. DAMN... !!! Let's do some more research guys and help each other out. Count me in.

Wow VNDA is up big but you need to know that it is similar to buying lottery. They were close to being out of business if it was not for this new development.

What we are trying to do here is make small consistent money, not necessarily hit a jackpot. If we do hit a jackpot we'll take it but that's not our goal. Most of the picks here have been up 10+% in a week. If we can consistently do that we'll do pretty good without even hitting any jackpots.

Regarding the picks this week, I held onto CX and FEED. I think CX will face resistance at 11.40 and that's when I plan to sell it. Considering that I bought it at 8.10, I am more than happy to take the 40% profit :). Regarding FEED I am looking closely at the 4.40 resistance level.  It broke through it today but closed lower. If it does break and close above 4.40, I plan to hold on to this stock for some time. But stop loss will be at 4.40.

Now, on some dire prediction...
Like Emini said it boggles my mind how this market is going up every week. I decided to look into the SPY and looking at history I am still pessimistic about this rally. If this rally ends up being the real deal then I am wrong, but I still want to play the devil's advocate for now.
I think SPY will hit 100-102 before we see another major dumping.

Ok,
Here is a bit of History as to why:
 The first chart below is of the monthly SPY. I am looking at the current rally and comparing it to the 2001-2003 bear market.





Going back into history, lets look at the Fibonacci retracement of the 2001 bear market. I am looking at the pivot point at mid-2001 and the high at 2000. Look on your left and what do you notice? The market rallied up to the 38.2 retracement level in the rally before selling off sharply to make new lows.



Now, lets look at the current rally. If you thought the March low was the bottom, think again.
The fib is drawn from the october 2007 high to the march 2009 low. And similar to 2001 bear rally, we are approaching 38.2 retracement level. This happens to be around nice little number that is 100. It is actually close to 101.5. If history were to repeat itself, then I expect a huge pullback from that point. Until then, let the bulls have the bite!



Regards,
FF

cheap stock to watch for tomorrow

1. ctic

2. nexm

3. heb

4.isooe

 

 

i am following ctic from last 6 month .. still holding .. good buy.. quarter report coming tomorrow i believe..

good luck hunting..

Darkside, your penny stocks had hardly gone more than $2 in 5 years. I have bought some stocks and those had gone up to $70 in 5 years.

Try these and leave it for 1-3 years, you might get ended up with quite a bit in future.

 

AIG ------------- 3 yrs high------ $70

 

AVRNQ -------- 3 yrs high------ $40

 

BKUNA--------  3 yrs high------ $30

 

CEMJQ----------3 yrs high------ $12

 

FNM-------------3 yrs high------ $70

 

GWSC -----------3 yrs high------$50

 

OSCI -------------3 yrs high-----$14

 

SSCCQ------------3 yrs high---- $13

 

 

If you guys know any stock like above, please post here.

emini,
thanks. it seems like the uptrend is so vicious and herd are chasing it. it keeps going up. i wish we were back @87 (O: ....
i just rolled my 90 MAY CALLS to JUNE. it was painful to watch it (O:
900; 920 went like a knife on a butter (O: ...
now i don't even see much resistance meaning 925 can act as a natural resistance but seeing the trend its hard.. all the bad news are getting spun into good. i gotta admit the administration has done a superb job. i see another resistance @ 931 and if that is breached over by friday's unemployment number i will roll other calls as well.

seems like friday's unemployment number will be fudged with tons of seasonal worker (O: . this is that time of year. but i can almost be sure we will hit the unemployment close to niner. i don't know how the media gonna spin it. Week 9(nine) next week gonna be interesting. [ we never had 9 straight weeks of gain even in bull market without correction ] and seems like we are in unprecedented time (O:

Thapap,

I'm assuming you sold the calls. It is possible that we could go to 1000 before any pullback. The put-call ratio ratio has spiked to a point where a sell-off is very likely but the market is digesting all the bad news and going up. When it's all said and done I think S&P at 760 will be the low to end this bear market but I'm not sure when that will happen. I usually react to the market rather than predict so currently I'm long stocks, short call spreads (for insurance) and long futures (intraday only) and so far it's working well. If we see few days (2-3) of heavy selling over 1% in SP and Nasdaq on the same day, I'll sell calls and short futures.

Dikush,

The stocks that you mentioned will never go to the high price in our life-time. I usually like to bet on almost sure thing than a long-shot.

If your holding period is short, this is a good time to move your stops to break-even + commissions.

Out of FEED at 4.20

Guys looks like the party is over....be careful on the long side.....just a suggestion.....faz looks good