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

$2.5 per trade, guys check this out, free level 2 quote. Afterhour trades also cheap.

www.just2trade.com

Hello folks,
Been a few weeks I haven't traded anything in the market. I am still Bearish in the long term but some of you might have noticed a bullish Pennant on the xlf and I wanted to point that out to the rest of the folks. I have stayed away from the Financials since April but the chart is telling me that we might be headed higher in the short term.

If you look at the chart of the XLF below, you will notice that after we hit 13, we have been going back and forth with lower highs and higher lows. Since we are in a short term bull market, this type of pattern will eventually lead to a breakout, most likely to the upside. On the last 10 mins on Friday, we saw a massive rally and breakout of the resistance of the downward sloping Pennant edge. 
If we do get a confirmation (that is another hourly candle closing above 12.20) of the breakout on Monday, I will be buying a 1/3 position on the XLF @ 12.50. Depending on the momentum, I might go for the
FAS, which gives triple the gain (and the loss) of the XLF. My target
is 14.00 but I will unload some at 13.50.


Also, I haven't put the daily chart here, but the XLF is going to hit the 200 Moving Average at 13.00 on the daily chart. That is a major resistance. Watch that level carefully.

Disclaimer: This trade is for day or swing traders. For those of you buying and holding for more than a week, I would not suggest to buy this.

If you want to learn more about the Pennant Pattern, here is the link:
http://www.investopedia.com/university/charts/charts6.asp
Peace, FF.

What are the drugs that are on FDA approval ?

how about spending on DSCO tomorrow?

KV.A--After approval ,I am hoping nice run up at least to $10.

Thanks

After promising futures data, bought FAS at 10.30 in pre-market. Stop at 9.00. Will buy some FAS if XLF hits 12.50.
FF

Another stock I might buy today: REXX.
I have been following it for some time, after Riten pointed it out in one of the posts.
I had identified the inverted H&S pattern and you can see that it played out beautifully. After the breakout of the neckline the stock rallied close to 20% and it did fall drastically but look at how the 20-day Moving average and the neckline provided support.  I was going to buy it at that point but got scared because of the stock's volatility.
Anyways, now I noticed that REXX closed above the 200-Moving Average for two days (which is a very bullish sign) and looking at the momentum today, I will buy if the stock hits 7.00. There will be some resistance at 7.40 (yellow line) and if we cross that, the next level is probably 9.20-9.50 (which I haven't drawn yet).



Peace,
FF.
 

FF,

I'm glad you looked into REXX.  I initially bought it back when it was at $3.33 but sold it at $5.71 fearing that it might have reached a lull.  Mistake.  It continued climbing.  So, I bit the bullet and rebought it at $6.85 and am happy for doing so because it is at $7.43.

When do you think I should sell it?  Don't want the greed to cloud my judgement, y'know.

Thanks.

Riten,

I bought REXX at 7.00 and 7.10. Like I said, we are getting some resistance at 7.40. I would really like this stock to close above 7.50 today. If that happens, then the next level is most likely 9.00. I will hold it till 9 then I might sell some to take quick profit.
On the other hand, if the stock goes below 6.50, then the 200 MA can push it down further.

FF

Riten, FF,

This market is very strong. Take losses quickly and profits slowly. If you buy at the right time----as a break-out is happening from a base you should be patient. Unless you trade for a living DO NOT buy and sell frequently.

http://nepalitrader.blogspot.com/

 

Thanks FF and Eminitrader.

FF, btw, forgive my ignorance but what is 200 MA?  Financial lingos are all greek to me, I don't have enough brain power.  Should've applied to NYU Stern when I had time, eh?

Most of my stocks are doing well.... today, dunno what will happen tomorrow. 

Let's talk AAPL.  I am happy with Apple.  I bought it back when it was 125.  I believe this is a sure shot money maker, at least while Steve Jobs is alive and kicking.  Plus they are coming out with new iPhone with new OS.  That should definitely give its stock price a major boost.  In addition, AT&T's contract with Apple over iPhone is coming to an end later this year.  With Verizon strongly pursuing the coveted iPhone license, I gotta believe that Apple will be the winner, one way or the other.  Furthermore, I just have to admire their business model with iTunes.  Cash cow right there. The gross profit and net income look good, quarter after quarter.  I love it!

 

What the hell is happening to FAZ. It is so volatile. It evaporates and condenses unpredictably in very short period of time.

watch out for CTIC tomorrow..looks like its gonna fly tomorrow..I bought 1000@$1.6 

Anthony,

After hours is down by 10.95%...

:(

NJ

AH drop was because of that guy from Street.com, who has a habit of publishing negative stories about companies..and he seems to be always wrong..I looked at his article and he was wrong on VANDA, he did the same thing on HEB, he will be wrong on that too, and he is wrong again, btw a guy with political science backroungd doesn't know enough about the breakthrough in this cancer treatmenet that CTIC is doing..This was the highlight of that conference that was held in London this week and I do beleive after looking at the data, it is poised for a FDA approval..the business that would get in this drug if it is to get approved is in billions so it is very promising. there will be ppl who will sell tomorrow after all it has made some huge profit over the last month or so but I will hold it for a while....Btw i just saw a press release from CTIC company criticizing that guy's article so it should bring some clamness to CTIC investors..

I also went through Adam Feuerstein's article. I hope everything is false what he has written in Street.com.

I have been waiting for a long to watch this baby growing up...

NJ

Anyone still holding FEED??? This was suggested by FF few weeks ago.....

Thanks Emini for recommending this stock..

I am still holding it.. What's your target price for it?Any recommendation..

Thanks

 

NJ,

 

Did u see HEB today ! wow

 

2 stocks that own since last week, Good run so far...

ZQK & JASO..

Anybody own these two??

Database......

FEED's target is somewhere around 10-12. Once it closes above 12 on a weekly chart, then buy at 12 for the next ride up.....

PS. I saw your response regarding GM stocks on another thread.....and that deserves a gold star.