Daily Market Comments - 02/28/06

Just When We Thought We Were Gonna Get Out Of February Alive…

As I said before, February is usually a weak month for the stock market.

I thought we were going to get through the month with no problems. In fact, except for the first week or so, February 2006 was a fairly strong month for the market.

But then, the CFO of Google has to make mention of the fact he sees growth slowing down for the company. And they would have to find “other means” of revenue. Those comments sent GOOG into a 50-point tailspin within the next few minutes.

And the rest of the market is not doing much better. I am finding the least amount of great trade setups using one of my software scans than I have in weeks.

Oh well. We almost made it.

But here’s a stock ignoring the market weakness…

Our stock for review today is MORN – Morningstar Inc.

MORN is bouncing back nicely today getting a little overextended and selling off. That selloff lasted all of one day. MORN is moving up on volume 1,008% above normal.

Make it a good morning – consider adding MORN to your portfolio!

Daily Market Comments - 02/27/06

The Market Is Back To Its Winning Ways Today…

Well, with the threat of an oil refinery assault in Saudi Arabia thwarted, even though crude oil is back in the $62.91 a barrel area, the stock market is happy again.

Looks like the NAS will hit the 2,300 area again, and it’s a pretty good milestone whenever you reach another “century” mark in any index.

Apple Computer is even making a play to buy out Disney! Could be an interesting (and bullish) week.

Here’s a stock (among many today) acting very bullish right now…

Our stock for review today is CLZR – Candela Laser Corp.

CLZR is doing a nice continuation move off a Bullish Engulfing pattern on volume 377% above normal.

I think CLZR could provide some “laser-like” profits for your portfolio!

Weekly Market Comments - 02/25/06

How You Could Have Made A Small Fortune… Last Thursday

Last Thursday, you could have made a 59.57% return on one stock, and another 51.29% on another stock, in a single day.

I mentioned both of these stocks (BEFORE they went up), in several chat rooms I frequent. I wonder how many people actually took action and bought the stocks, seeing the same slam-dunk trade setups I did.

Sad to say, but I would bet – not many.

You see, there are several types of people who participate (or choose NOT to participate) in stock trading chat rooms.

Most are what are known as “Lurkers”. Those are the ones who never say a word, but just watch to see what other people are saying.

Some are there just for some sort of “companionship.” When I think about that, I imagine a 21st century version of the old country store, where guys would congregrate and talk about the issues of the day.

Some are there for the sole purpose of ego gratification. You can tell those pretty easily, when they make snide remarks or some attempt at lame humor. Or start hogging the chat room with useless, trivial information.

Some are there, I honestly believe, to cause turmoil and start arguments. They will make an asinine remark that is obviously wrong, and egg on the other unsuspecting members to try to counterattack his (or her) argument.

And then, bless their souls, there are those who are there to actually try to help the other members of the chat room find great trades and even long-term investments. They will even take their time to explain why the trade setups are so good.

Needless to say, those people are my favorites. And I consider myself one of them.

But the problem with most chat rooms is that the great trade setups are lost in the cacophony of lame jokes, time-stealing arguments and discussions, useless trivia information, and snide remarks.

Not in MY chat room!

I’m about to create a new product that will feature a chat room for one purpose and one purpose only – to produce wealth for all the members of the chat room in the fastest time possible. No arguments, no useless trivia, no jokes – we won’t have time for that! Because we’ll all be on the lookout for those stocks that go up 30% in 30 seconds, like ALTI did recently.

Or like those stocks I mentioned that went up 59.57% and 51.29% just last Thursday. What stocks were they?

Check out charts of CDSS and NICH, and look at what they did last Thursday.

These are the stocks I’ll be providing to all Members of my new speed-wealth producing chat room. Stay tuned.

Daily Market Comments - 02/24/06

Nothing But Bad News Today, But Let’s See How The Market Actually Reacts…

An explosion at an oil refinery in Saudi Arabia, gold up $7 an ounce, inverted yield curves, even more interest rate increases ahead, etc. etc.

Nothing but bad news today – and the market has cratered on the open, understandably.

But the news effect can be very short-lived, especially where the stock market is concerned.

Basically, the stock market is going to go where it wants to go. No matter what else is going on in the world. And it’s already starting to bounce back to the upside.

Here’s a stock bouncing to the upside itself…

Our stock for review today is ICE – Intercontinental Exchange Inc.

ICE is doing a very nice continuation move off a couple of Doji signals – that’s bullish! On volume 678% above normal.

I think ICE could add some heat to your portfolio!

Daily Market Comments - 02/23/06

This Is Now A Market That Does Not Seem To Want To Stay Down…

After cratering on the open, the market is bouncing back strongly to the upside.

I’ve always heard that the “Open belongs to the stock market amateurs, and the closing to the professionals.” And I think that’s true most of the time. So we could be looking at another nice day in the market.

Here’s a stock having a very nice day already…

Our stock for review today is CTRP – Ctrip.com International Ltd.

CTRP is doing a monster Bullish Kicker Gap to the upside today on 1.1 million shares of volume, which is 1,426% above normal.

Buying some of this stock could sure allow you to go on a “trip” – a vacation!

Daily Market Comments - 02/22/06

If You Don’t Like The Current Stock Market, Just Wait A Day…

We have an expression down here in Houston.

It’s “If you don’t like the weather – just wait a day.”

Case in point – yesterday our high was 40 degrees. Today – 70. One day stormy, the next Chamber of Commerce weather. That’s just life in Houston.

Seems the market is acting the same way recently. It “teases” us a little, then takes it all back – or at least most of it. One day something is a crisis, the next – it’s forgotten all about. That’s just the vagaries of the market, and what makes this game so challenging – and so much fun.

Here’s a stock that’s having fun today…

Our stock for review today is SEAB – Seabright Insurance Holdings.

SEAB is doing a nice breakout from a flat basing area on volume 425% above normal.

Buying Seabright may make you “be bright”!

Daily Market Comments - 02/21/06

A Lousy Open Of The Stock Market Today, But…

As expected, the stock market had a lousy open today.

The tensions in Nigeria over the weekend caused the price of oil to spike up. Traders are concerned that violence there would lead to even more oil supply being taken off the market.

The markets spiked down on the open, with the Dow down over 34 points and the NASDAQ over 15.

The good news? We seem to be bouncing back to the upside already.

Perhaps tempering the oil situation is good news from Merck – with a court victory in its Vioxx case, and Home Depot – with a good earnings and sales report.

Also, we were due a pullback at some point – the markets were already showing overbought situations - based on stochastics - with the strength shown last week.

Anyway, here’s a stock showing some strength today, in a weak market…

Our stock for review today is CTRN – Citi Trends Inc.

CTRN is doing a Bullish Kicker Gap to the upside, on volume 378% above normal.

This is one stock that is “trending” the nice way!

 

Daily Market Comments - 02/20/06

Happy President’s Day!

The U.S. stock market is closed today in honor of President’s Day.

So I’m using this day to do some “catch up” work on the website, to plan some new projects, and maybe, just maybe, take a few minutes to relax.

Of course, relaxing to me may mean scanning a couple of hundred stock charts to find that one “perfect setup” that will make my Members 721% in one week, like CHNR gave us recently.

You see, once this stuff “gets in your blood” – it does not seem like “work” or “drudgery”. It’s kind of like going out and finding buried treasure each and every day. Because that “buried treasure” is definitely out there each and every day. You just have to know where and how to find it.

That’s exactly what I teach my students on the Trade Your Way To Wealth website. I don’t show you how you can make 20% over the course of the next year. I want you to make 20% TOMORROW. And we’ve done that over and over again with TYWTW.

In fact, TYWTW has more “Speed Wealth” methods to make money in the stock market than any other site I’m aware of.  We’ve made 28% on the open of a stock, 30% in 30 seconds before, 75% in one day, 721% in a week. So when I see other services say they are producing an “annualized” return of 30% or whatever, I just have to chuckle a little. And think about the astronomical (and of course, unbelievable) amounts we could claim if we “annualized” some of our results.

Anyway, no stocks for review today. Take the day off you want - the market will always be there when you’re ready.

And we’ll show YOU how to be ready for IT.

Weekly Market Comments - 02/18/06

How To Turn Your Weaknesses Into Maximum Stock Market Profits, By Taking Advantage Of Other Investors Doing Exactly The Wrong Thing

I had an interesting conversation with one of my stock market mentorees this morning.

Somehow we got on the subject of human emotions getting in the way of maximum success in trading and investing. A subject near and dear to my heart. And one pertinent to all humans with a pulse.

My mentoree (let’s call him MM) went over some of the details of several recent trades. Although he is making money in the market, he feels he’s not having the success he should be having.

Let’s take one of his trades as an example.

He had held the stock for a few weeks, while it basically went sideways. Then all of a sudden, it started moving up rapidly. Soon he had a nice 53% gain with just a few weeks of holding. Then his emotions kicked in. MM started looking at that huge profit, got excited, and sold the stock. The very next day, the stock shot up another 38%.

MM decided his emotions had caused him to “lose” that extra 38% of profit.

Now, I know some of you are already thinking, “My gosh! He made 53% in a few weeks! Nothing wrong with that!”

That’s true, but there’s another lesson here.

This investing and trading game can be a tough one to master. So on those occasions where you’ve snagged a possible home run stock, you want to “milk it for all it’s worth.” You want that first 53% - and the last 38% as well.

Here’s how you do that.

You simply wait for the signal to sell.

You see, I took a look at where MM sold the stock, and there was no sell signal. Just a couple of days of tight, lower-volume sideways action.
There was no reason to sell the stock.

And MM’s emotions really did cost him another 38% of profit.

Truth be told, our emotions are our enemy in successful investing and trading. If you invest or trade solely on emotions, you are DOA – Dead On Arrival – unless you are just extremely lucky.

Here’s the best way I know of to eliminate emotions from trading (at least as much as possible).

You must have a graphical representation of what humans are actually doing in trading (and being emotional!) and then know how and when to take advantage of that.

Candlesticks and candlestick analysis will provide that for you.

In fact, once you master the simple art of reading candlesticks, you will know exactly when most investors are doing the wrong thing! And once you realize when most investors and traders are wrong, you’ll be able to exploit that for your own advantage, using your own former weakness, human emotions, to your personal benefit.

Daily Market Comments - 02/17/06

Don’t Expect Much From The Stock Market Today…

The stock market is not doing too much today as it winds down in pre-holiday trading.

With three highly positive days in a row, I would not be surprised to see some consolidation coming into the market – or maybe even a little pullback. But we are still maintaining our bullish stance overall.

And there are always certain stocks acting very bullish each trading day. Here’s one now…

Our Stock For Review today is BUCY – Bucyrus International Inc.

In a nice intraday reversal move, BUCY is now blasting out of a basing area on huge volume – 550% above normal.

BUCY may be just the thing you need for your investment portfolio, Bucko!

And to our U.S. subscribers, have a great President’s Day weekend!

Daily Market Comments - 02/16/06

Are All Systems “Go” Again? Maybe – Even GOOG Is Up 12 Points Today!

I believe the stock market may be back to its winning ways.

With the follow-through day on the Dow, that gives me lots of confidence we are back on track. Heck, even GOOG is up 12 points so far today! GOOG is becoming the bellwether of the NASDAQ, so that bodes well for the market. And other Internet related stocks are up today as well.

Here’s an interesting stock making a good move today…

Our Stock For Review today is RDY – Dr. Reddy’s Labs Ltd…

RDY is gapping up out of a high base congestion area on volume 1,302% above normal.

The Doctor is Ready to help your portfolio!

Daily Market Comments - 02/15/06

How To Use Your Own Human Nature To Time The Stock Market

Continuing with my thoughts from yesterday’s post, here’s how to use your own human nature to time the stock market. Although it’s not perfect, I’ve seen it work time and time again over the years.

Basically, here’s how it works…

When every one of your trades are working, when you are making money from the market “effortlessly”, when you feel you can do no wrong, that you want to quit your job (if you have one) and do this for a living – that’s the time to be the most cautious, and maybe start selling some of your big winners.  Because odds are the market is at a short-term top.

On the other hand, when you see the market going down every day, none of your trades are working, beautiful breakouts are failing, leading stocks are getting killed, and all is “doom and gloom” – that’s the time to start thinking about buying again, since odds are the market is now close to a short-term bottom.

To tie it all up, simply use our Japanese Candlesticks market timing system to tell you – to the day – the exact time to reverse gears.

Now, I know the “human nature” part is very, very difficult. But our timing system removes all those human emotions, and is very, very simple to implement.

Here’s a stock you can get emotional about right now…

Our Stock For Review today is MORN – Morningstar Inc.

MORN is doing a nice high-base breakout on volume 487% above normal.

Looks like a good MORN for your portfolio!

 

Daily Market Comments - 02/14/06

What A Difference A Day Makes!

Just when you start to feel all “doom and gloomy” – the stock market takes off like a scalded dog!

This is what the market does, though. Fool the most people most of the time. And that’s what makes this trading and investing game so interesting (and challenging!).

Is the market just giving us a nice Valentine’s Day present today? Guess we’ll know by the end of the day. But for now, everything is “roses and chocolates”!

Here’s a stock where everything is “coming up roses” now…

Our Stock For Review today is KNDL – Kendle International Inc.

KNDL is doing a monster gap up out of a basing area on volume 803% above normal.

KNDL may be the stock to “kindle” a flame in your portfolio!

Daily Market Comments - 02/13/06

Now We Know Why February Can Be A Brutal Month For The Stock Market…

It’s been quite a while since I’ve seen so many former stock market leaders get hit so hard. Google, Apple, Quality Systems, Palomar Medical, Intuitive Surgical, Salesforce.com, on and on.

Some say that February has historically been the second or third worst month for the stock market, and we are certainly seeing that play out this year.  So the next two weeks could be quite a challenge!

But, just as day follows night, we will eventually see buying coming back into the markets. And we should see some incredible short-term bounces off these extremely oversold lows.

Here’s an example of one of those bounces now…

Our Stock For Review today is CMED – China Medical Technologies Inc.

CMED is doing a huge Bullish Kicker Gap reversal today – and is up 13.35% on enormous volume for this stock - 918% above normal.

CMED could be just what the doctor ordered for your portfolio!

Daily Market Comments - 02/10/06

Still Stuck In A Trading Range…

About the best thing you can say about February – as far as the stock market is concerned – is that at least it’s a short month!

It looks like we may just have to sludge our way through the month the best we can – keeping lots of cash and trying to catch short-term moves. But even that is getting tougher.

I am starting to see picture-perfect breakouts failing over and over again – not a good sign, as it indicates lightning-quick profit taking from the previous stock holders.

The markets in general are getting down to oversold levels – again a plus in the long run. After all, we don’t want to see the markets get overheated on the upside either.

We are now seeing some support levels setting up. Looks like around 2,240 for the NASDAQ and 10,800 for the DJIA. If those levels hold, I think we’ll be OK.

Here’s a stock looking “OK” today…

Our Stock For Review today is ULTI – Ultimate Software Group Inc.

ULTI is blasting out of a high basing area with stochastics in the mid-range and angling up sharply - on volume 1,145% above normal.

ULTI could be the “ultimate” stock for your portfolio!

Daily Market Comments - 02/07/06

The Dreaded “February Bear” May Be Starting To Take Its “Toll”…

One of the worst months out of the year for the stock market is February. And we may be starting to see the February Bear coming out of hibernation.

Big name stocks – like GOOG and AAPL – are getting creamed. That can’t be good for the overall market.

And just today, investors are not happy with the news coming from Toll Brothers – one of the largest homebuilding companies in America, which
said first-quarter deliveries of new homes would be down from a previous estimate.

So it looks like the February Bear is starting to take its “Toll” – in more ways than one!

But here’s a stock that’s bucking the market malaise today…

Our Stock For Review today is BTUI – BTU International Inc.

BTUI is blasting out of a three-month cup base on volume 586% above normal.

This one is turning up the “BTU’s” – and it may just heat up your portfolio!

Daily Market Comments - 02/06/06

Energy Prices And Political Tensions, Oh My!

I expected more of a bounce in the market today, but I guess we may be asking too much.

After all, energy prices are back in the news today with oil prices rallying. At the New York Mercantile Exchange, March crude oil rallied 68 cents to $66.05 a barrel.

Add to that the fact we are considering sanctions against Iran, and you have an uncertain background to the markets. As you know, the stock market does not like uncertainty!

But here’s a stock not at all uncertain about the way it wants to head – UP!

Our Stock For Review today is BBBB – Blackboard Inc.

BBBB has made a tremendous comeback from the $25.50 area – all the way to challenging short-term highs in the $32 area – in the course of three days!  It’s moving up today on volume 322% above normal.

I think we can “chalk” up this stock in our win column!  

 

Daily Market Comments - 02/03/06

The Market Is Still Trying To Find Its Footing Here…

After a negative morning session, it seems the market indexes are trying to make a comeback as I am typing these words.

The market is still attempting to decipher several issues related to the economy – and even what to focus on in general.

For a while, the focus was corporate earnings. Now it seems the focus has shifted to the economy as a whole. Employment issues, productivity issues, etc.

And GOOG is back in the “red” today – cratering over 14 points on the open and with a low of $372.58 for the day! But it seems to be recovering now – trading at $385.38.

Here’s a stock that’s doing a little “recovering” of its own – to short term new highs!

Our Stock For Review today is BEAV – BE Aerospace Inc.

BEAV is breaking out of a flat basing area, up almost 9% on 1.7 million shares of volume – which is 265% more than normal.

Leave it to the BEAV to provide nice gains for your investment portfolio!

Daily Market Comments - 02/02/06

The Market Shrugged Off The “Google Effect”, But…

So much for the “Google Effect”. The market simply shrugged it off and powered forward yesterday. Even the NASDAQ, where GOOG resides and takes up 3% of the index, was up a little for the day.

But that was then, and this is now.

We are back in the red today on all major indexes, with the NAS taking it on the chin the most – currently down 28.27 points, or 1.22%.  Yet GOOG is in the green today – interesting.

Seems there was a surprising decline in 4th quarter 2005 productivity. Productivity fell 0.6% in the fourth quarter compared with a 4.5% gain in the third quarter. It was the first decline in nearly five years.

Here’s a stock that’s doing anything BUT declining…

Our Stock For Review today is OSK – Oshkosh Truck Corp.

OSK is doing a strong Bullish Kicker Gap out of a rising base on huge volume – 676% above normal – on a great earnings and sales report. This is a real “sleeper” of a stock – a 5-bagger in 5 years!

I would keep on “trucking” with OSK in my portfolio! 

Daily Market Comments - 02/01/06

We’ll Have To See What The “Google Effect” Has On The Market Today…

Unless you live in a cave, you’ve probably heard by now that Google missed its earnings estimates on Tuesday. The stock is currently trading down 41 points from Tuesday’s close.

Google’s miss is weighing heavily on tech stocks as I am typing these words. The NASDAQ is the only major index in the red right now, obviously weighed down by GOOG’s 3% representation of that index.

But all other indexes are actually bouncing back up nicely today, so we will have to do some further analysis to see how far-reaching the “Google Effect” is.

Here’s a stock that needs no analysis at all to see how it’s doing – just a glance at the chart…

Our Stock For Review today is MNST – Monster Worldwide Inc.

MNST is blasting out of its recent basing area on huge volume – 661% above normal.  Looks like it landed a big new contract with the state of Indiana today. Should bode well for the company’s future.

MNST could very well help your investment portfolio score some “monster” gains!