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

fortunefaded,
good job. actually i was fretting over yesterday. but anyway read it over @ http://thapap.blogspot.com/

now i think you are little early on calling total downturn. (O: i know its headed lower but i do not think its going to be straight path to 82. there are still some retailers buying on the dip. these retailers has to be made the bag holders hence it will not be a straight down.

i also believe that 875 (prior resistance) is going to act as a great support plus remember that it has not broken yet 20 DMA.

if 20DMA is broken and 875 is breached then only we are headed lower.

database,
good luck on your buy. (O: hope you are able to get in and get out with profit. i would not be staying long in this market at least until i get the direction. just my 0.02

I went and looked back at the 3 stocks that I mentioned last Sunday. I noticed that I was looking at the daily chart instead of the weekly chart that I had mentioned earlier. Had we gone by the weekly chart, we would not have bought any stocks this week. The prices never went to the trigger price.

I apologize for the mistake because I know few people actually took the trade. I will be posting new picks on my blog.

http://nepalitrader.blogspot.com/

Here are my picks for next week. The entry prices and targets are posted on my blog.

CMED, SNS, SMSI, RGR

 

http://nepalitrader.blogspot.com/

 

I am taking short term profit on stock I bought last week and will buy on another pullback..I could take more profit than what I am getting now but do not want to take risk..

Emini/thapap/ff and all folks who follow this thread.. What do you guys think?  Am I getting out of market too ealry??

Thanks

 

database,
That's a smart decision. Looking at the daily volume on SPY, it looks like the rally is losing steam.
Sure you see headlines of DOW gaining 240 points, but look at the volume on SPY. It's the LOWEST since the March rally started. What this means is that the upward momentum is definitely getting weak. The amateurs are getting sucked in. I would buy long until I see some good volume.

Regards,
FF

FF,

There have been many rallies on low volume. Volume is important during break-outs. The market is in an uptrend, just buy the few days sell-off. We'll see 1000 before 800. My guess is that we will not see 800 for months/years. I have been long S&P futures from 880 and selling 1/4th every 20 points. This is not the time to short. The easy money has been made. We are going up from here. Listen to the market not the news/fundamentals/pundits.

Thanks FF and Emini for your thoughts...As per chart FF has posted,I am inclined to believe that there will still be a market correction which I consider as buying opportunities..And yes,as per Emini said,market seems to be moving higher.

But,I also see some rooms for short positions down the road even in bullish trend..

Please feel free to disagree..

Thanks

what is the good source to get daily, weekly, monthly charts of each stock?  it would be even better to know how stocks are doing in daily basis.  any idea guys? 

Does any body have experience using Zecco ? I am planning to get switched to Zecco from Ameritrade because of it's cheaper rate & 10 free trades each month for qualified member. Please have your opinions here.

danphe,

If you are looking for cheaper options, sogotrade is even cheaper. They just charge $3 per trade. I am not sure about the additional hidden costs but I would recommend you to have a look at it.

I have been using Zecco for about a month and they just charge $4.5 per trade. There are no additional costs involved (besides some insignificant transfer costs). I am also not in a position to give proper thoughts about zecco because I am new to trading itself, let alone zecco. So if anyone has any ideas please enlighten us.

Cheers!

Danphe

I prefer Ameritrade over zecco....I have been using zecco for long time...just switched to ameritrade recently.....

Guys r we ready for perfect storm.....I think the market will tank soon....Be careful those who are on the long side.....

Watch out for this stock either to be up 1000% or down 70% after we come back from long weekend.

 

HEB

 

I bougt some small amount last week , still holding on to it.

Have a great long weekend traders!

Anthony,

Its look like we are in same boat .. but i put some money on ULU, BDSI, ADLS and SPPI also.

Good Luck .. hope this get approved ...

Well. I am with CTIC and XOMA...

Guys these are strong buy.. hold for a month or so ...

There are two medicines for Cancer from CTIC which are in process of  FDA approval, there is 75 to 95 percentage changes of its being approved...

Keep ur finger crossed till then.

NJ

newjersey

I wont touch those stocks that you recommended rather go to casino in Atlantic City....U might gain 100% but u might loose 100% ....no offense....good luck....

Big technical shift guys be careful

Smag Try www.just2trade.com. so far I like it. Input needed  from  other guys..?? what do you think about this broker.

NJ,

 

We might have hit the jackpot with HEB , take a look at the article below..

http://biomedreports.com/articles/most-popular/1032-us-govt-takes-additional-steps-toward-development-of-takes-additional-steps-toward-development-of-vaccine-for-the-novel-influenza-a-h1n1.html

This looks very promising..

 

 

HEB is supposed to get decision on tuesday either premarket or after market...

I got 5000 share @ .91 

i got BDSI , ULU, XOMA, ADLS, SPPI too...

 

impeace,

I think these stocks are far better than betting your money in casino.. why dont you try some.. just spend couple hundred dollars that you always spend on bar every weekends... anyway their futures are solid with all those drugs most are in 3rd phase and HEB have ampligen.

 Most of the investor will jump to BDSI after the FDA results for HEB. I think we will see significant increase in the PPS and volume even before the approval date.

 

 

Sajha Financial Gurus,

Need suggestions on ANPI.

After hours is up by .61 (35.47%) ..

FDA approved today 05/27/09

Any predictions????

NJ

{Smag Try www.just2trade.com. so far I like it. Input needed  from  other guys..?? what do you think about this broker.}

Bokeshwore, Thanks for the suggestion but I do not have any idea about just2trade.com
I think zecco is good enough for newbie like me. By the way, how much just2trade.com charge per trade?

Guys, anybody tried Zecco?