Well, except for the swan dive during the last few minutes of trading, the market wasn't too bad today...

For a while, it looked like we were going to have a pretty good day in the market today.

Both the Dow and the Nas were in the green earlier today, with the Dow acting a tad stronger. But in the last few minutes of trading, both indexes took a dive. The Dow did manage to end up in the green 3.5 points (after being up over 50), but the Nas drooped 22.65 points.

$143 oil certainly didn't help, although that was the high of the day for the crude stuff and it backed off from there. Still, I guess there were just too many nervous traders out there who decided at the end of the day it was not a good idea to hold stocks.

So you can probably guess the best charts are still in the Energy sector. I'm naming a beauty for my premium members tonight.

More weakness in the overall market, but oddly - I'm finding some BEAUTIFUL charts!

It was another downer of a day in general on Wall Street today, but if I had to judge by some of the charts I'm finding after hours, I would have sworn today was a big up day!

But with the Dow down 107 points and the Nas down almost 6, not the cheeriest of days in general.

$140 oil certainly didn't help, unless you're invested in Energy stocks, which continue to be the leaders in this market - both in its recent March through May bullish phase and now in its June bearish phase.

But there are a handful of great-looking charts here and there in other sectors, like the Education for Profit sector (STRA hit an all-time high today on huge volume).

The number of good charts may be skewed a bit today however, with lots of abnormally high volume on certain stocks due to end-of-quarter "window dressing" and index reallocation.

I'm going to name a small environmental company as my ARM Play tonight. It's a beauty of a setup, and hopefully it will perform like my most recent pick ABAT, which was up 10.63% today on huge volume.

"The Worst June Dow Since The Great Depression"...

That's what the financial news headlines were screaming today, with the DJIA plummeting a gut-wrenching 358 points, and the Nasdaq down even worse percentage-wise with an 80 point downdraft.

Not a pretty day on Wall Street.

What caused the carnage? Well, according to the pundits, the Fed's non-support of the U.S. Dollar by not raising interest rates, which led to all-time highs in the price of oil - refueling (pun intended) inflation fears. The fact that Goldman Sachs dissed Citigroup by putting the company on its "conviction sell" list under the expectation the financial services giant would face an additional $9 billion in write-downs didn't help at all. Goldman also downgraded basically all the brokerages.

Uh - Goldman - aren't you guys a brokerage house? Oh well.

So in my nightly analysis, I was not expecting to find many great-looking charts. But to my surprise, I found a handful of beauties. Some of the small oil & gas companies are still looking good, as well as some of the Golds, with the price of the precious metal popping today due to the revived inflationary fears.

But a small battery company is going to be my ARM Play tonight. It's a beauty of a setup!

The Nasdaq is still leading this market...

The DJIA gave it a good shot today, but surrendered a triple-digit gain to end flat. The Nas did much better, with a near-33 point gain, up 1.39% for the day.

Energy stocks took a break today with the price of crude oil slipping to under $133 a barrel. I'm seeing some good charts in the Semiconductor and Biotech areas this evening. The Shippers had a nice bounce today as well.

VEXP was fun today. I first noticed the stock when it was up 200% for the day. It later receded, to be up "only" 160% for the day. I posted in the chat room that it looked like a "scbo" (second chance buying opportunity - affectionately known as a "Scooby Doo"). Sure enough, it was -- VEXP ended the day up 214%.

That's what's out there almost every day if you know what to look for.

Great charts are suddenly few and far between...

A symptom of a choppy market is a "here today, gone tomorrow" number of great charts.

Just a few days ago, I saw dozens of good-looking charts all over the place. But today, just a handful. The Dow's chart itself teased us today, showing a strong green Hammer for awhile, which would indicate a possible bottom reversal. But the index petered out by the end of the day, and the candle ended up as just a red Spinning Top. And it was pretty much the same story for the Nasdaq.

Those small oil and gas stocks are popping again, with some showing the new (and ultra-strong) Pyramid Pattern. I'm going to name one of those for my premium B/R/A Members. It's showing a Wave 3 in the Pyramid, the most powerful part of the pattern. Watch for a new video soon where I explain this powerful new pattern.

The Energy sector continues to be Number One...

Energy stocks remain the safest (and most profitable) way to play this market. Indeed, you could have thrown a dart at a list of oil and gas stocks today and most probably hit a winner.

Not only that, but there were TONS of new buy signals in the sector today. Base breakouts to new all-time highs, great ARM setups, beautiful continuation patterns, etc. So for now at least, these stocks still seem like "shooting fish in a barrel."

And - except for a stray stock or two in other sectors - like LPHI or CYBX, the Energy stocks are just about the "only game in town."

Well, it was back to the downside in Friday's market...

After a little "head fake" to the upside on Thursday, the market resumed its swan dive on Friday, with both the DJIA and the Nasdaq down big on heavy volume.

The Dow is at a crucial juncture -- it's all the way back down near its March lows. The Nas has held up much better, but it's also back down to a major level of support in the 2,400 area.

The old adage of "Sell in May and go away" was right on target this year for the market in general, with the Dow shedding over 1,000 points from its May top. Indeed, I'm seeing absolutely nothing worth buying for the most part, but there are still some sectors holding their own in this downdraft, at least for now.

One of the most resilient of those sectors is the Agricultural Chemical area. In fact, Merrill Lynch just upgraded the whole fertilizer maker sector, citing strong growth through 2009. Merrill also lifted price targets for some of the leaders in the sector, such as Mosaic to $215 from $180, Potash to $300 from $260, Agrium to $155 from $115, CF Industries to $240 from $190, and Terra Industires to $64 from $61. It also set a target of $76 for Intrepid Potash, which went public in April.

The Financial sector is so totally bombed out now that I think there may be some interesting speculations in that area. For example, I'm naming a bank stock as the RSVP Play for my B/R/A members. It reversed almost 30% back to the upside Friday on a tremendously strong bottoming signal, and I think it may have much more. It can double and only be back to where it was in February.

A few different sectors took the lead today as some of the former leaders cooled off a bit...

U.S. stocks ended in the green today for the first time in three days. Investors seemed to be heartened by China's move to stem rising energy costs, which helped drive the price of crude-oil futures south by nearly $5 a barrel.

Of course, that didn't help Energy stocks that much, with some of the heretofore hot small oil and gas plays taking five today. The "red-hot", hyper-extended Coal stocks sold off a bit as well.

What sectors took the lead today? Well, Steel stocks for one continued their show of strength. The TS chart is a beaut in that area. But we also saw some nice moves in the Transportation sector in Trucking (LSTR is a nice chart there) and Railroads (WAB is nice among others), and a handful of Tech stocks flashed some good gains as well.

I'm going to try something completely different tonight, and name an RSVP Play on a stock that popped nicely today - up almost 8% - after being sold off for 21 out of the last 23 days! This one is waaaaaaay overdue for a nice bounce!

These three sectors remain just about the only "games in town"...

If it wasn't for the Coal, Energy and Ag Chemical sectors, the old adage of "sell in May and go away" would be working like spades this year for the stock market.

Except for a few random stocks here and there, I don't see a thing worth buying outside of the aforementioned sectors. But boy - are those sectors exciting! They are definitely "keeping me in the game" as far as stock market investing and trading go.

And - as I stated yesterday - the small oil and gas stocks look ready to take off again. Some did exactly that today, including my most recent ARM Play - PDO - which was up a tidy 20.04% today. These are like shooting fish in a barrel, folks. At least for now - better come play them with us!

I'm going to name another one of these small oils as the ARM Play tonight. This one has one gorgeous chart, was up only 12% today, and looks like another "fish in a barrel" to be shot.

A down day, but these stocks could be about to explode again...

It was a downer of a day in the market overall, with financial stocks taking a big hit again. Take a look at the ominous Bearish Engulfing candle on the XLF, which is a financial sector ETF (Exchange Traded Fund).

But certain sectors remain very strong. Check out the never-say-die Ag Chemical sector for example. Lots of new highs there! MON, CF, TRA and POT come to mind as superb examples. Coal stocks are still red hot as well. JRCC is unreal - it's a 10-bagger since I named it as a Baffle Play waaaaaaay back at $5 last August. It closed the day out at $54.54.

And the small oil and gas stocks look ready to take off again. These went ballistic a few weeks ago, with short-term 300-400% gains in very compressed periods of time.

I'm going to name perhaps my favorite one in that sector as the ARM Play tonight. This one impressed me so much with its recent explosive price action that I've come up with a brand new trade setup called the Pyramid Pattern based on the price and volume action.

This stock was the first to show the pattern to my knowledge, but others in the sector started firing off right and left with the same pattern. I think it's about to take off again, even after its 19.5% pop today.

It was a mixed day in the market today, but great charts still abound...

The Nasdaq is still leading this market. Its chart was much prettier (and more orderly) than the DJIA today. The Dow was in the red over 38 points, while the Nas ended green -- a tad over 20 points.

And if I had to judge simply from the amount of great charts I'm finding after hours, I would have sworn the market skyrocketed today. Like Friday, I'm seeing scads of new buy signals. And some beauties too.

TITN blew away earnings today, which ignited a few other stocks in the Farm Equipment area. I've like TITN ever since its IPO. Solar stocks popped again today too. I really like SOL in that area. And Auto Parts stocks were strong. AAP and TWI look good there. Shippers are way oversold and should bounce here. FRO didn't come back that much and looks great.

But I'm going back to the Energy sector to name a big mover for my B/R/A Premium Members. The stock recently ran from 16 to 25 in 18 days, and may be about to start another romp.

Well, Friday the 13th was a lucky day on Wall Street...

It's an unusual event on ANY Friday to see the market "melt up" into the close. Much less on a Friday the 13th! After all, usually traders are reluctant to hold positions over the weekend.

 

Yet that's exactly what the DJIA and the Nasdaq did on THIS Friday the 13th. Both index charts show strong buying into the close.

 

And once again, I'm seeing tons of great charts, with lots of new buy signals. Certain patterns are stronger than others, like gorgeous Morning Stars off of reversals to 50-day moving averages, like the ones for SYX and KIRK.

 

But I've found another ARM Play variation of a High Tight Flag setup for my B/R/A Premium Members. The setup is similar to my last reco SQNM, which scampered 16.36% on Friday. While most investors would be satisfied with a 16.36% return for the year (after all, I used to work for a billionaire who made his fortune doing that for people), you can see those kinds of returns in one day with the B/R/A service.

Well, we were looking pretty good, for awhile...

The DJIA was up over 150 points at one point today, but the markets faded big time by the end of the day.

Today's "culprit"? The "non-happening" of a YHOO and MSFT deal of some kind. That announcement cast a pall over the market, but most of the major indexes managed to hold up in the green.

We're in the typical choppy waters of a summer market. So I'd be looking for extremely high-probability trade setups (like the hot biotech stock I'm revealing below to my premium B/R/A Members), picture-perfect, gorgeous charts (BZP is not bad), or hedging with some of the ProShares UltraShort ETFs.

And now the market is just turning plain ugly...

With another putrid triple-digit point plunge in the Dow today, the market's demeanor has definitely taken a turn for the worst.

I'd start looking seriously at some of the ProShares UltraShort ETF's like QID and SKF.

Energy and Ag Chemical stocks are still showing strength, however. So those could be a safe haven to weather out the summer storm. Just be very alert.

The "easy money" since the March 17th bottom has probably been made...

It's time to prepare yourself for the "summer chop."

Our beautiful uptrend in the major indexes since the March 17th bottom has now been breached, so be prepared for some choppy waters here, and perhaps for most of the summer.

But as always, there will be short term plays that come out of nowhere. I'm going to name one tonight for my premium Baffle / RSVP / ARM Play Members. It's a small medical company whose stock popped over 35% today on a picture-perfect White Marubozu candle, on humongous volume. That's very rare, and very bullish.

Is the fun over?

It appears we may now be in a market downtrend.

I was hoping the old adage of "sell in May and go away" would not apply this year, since it usually does not work in an election year. But the market turned on a dime and started heading south on June 2, as if on cue.

And what a "head fake" the market gave us last week! After skyrocketing almost 214 points last Thursday, the DJIA gave all of that big gain back (and then some) on Friday with a near-400 point cliff dive. The chart shows a little relief today though, with a Bullish Harami.

It's time to be very, very alert however. As you know, I attended Options University's 2008 Online Investing and Trading Superconference in Orlando the last few days. One of the presenters - David "FirstWave" Elliott - showed us an eerie chart overlay of the DJIA just before the famous 1929 crash with the most recent chart of the Dow.

They were almost identical.

Having said that, certain sectors are still looking very strong. Obviously the Energy sector, but also the Ag Chemicals and the Coals remain in super uptrends, with many new buy signals today.

And the small oil and gas plays are still working, big time. I'm naming another one of those below for my premium Baffle / RSVP / ARM Play Members.

Is this a "Hillary-loving" market?

It might have just been a coincidence, but when the AP leaked a story today hinting Hillary Clinton may be conceding the Democratic presidential nomination to Barack Obama this evening, the market proceeded to fall off a cliff.

It righted itself somewhat by the end of the day, but it was a scary selloff for awhile.

In other news, crude oil plummeted $3.45 - or around 2.7% today - to its lowest level in three weeks. Evidently the small oil superstocks like ROYL "didn't get the memo." ROYL was up another sweet 33.61% on huge volume today on top of the 43.35% jaunt yesterday.

And I'm sticking to that sector for my ARM Play this evening. Why waste time trying to find any others in lesser-performing sectors? Strike while the iron's hot, I say! I'll name the small oil stock below for my premium Baffle / RSVP / ARM Play Members.

Coal was "on fire" today...

You could have just about "thrown a dart" at a list of Coal stocks today and made money. For such a rotten day in the market otherwise, those Coal stock charts are some of the prettiest I've ever seen.

Speaking of pretty, the Small Oils are gushing again. Just about every chart there is a strong ARM setup. I think you'll probably be able to throw a dart at that list tomorrow and have a great chance at profits by the end of the day. And we may have set a record for the number of great ARM charts I'm going to list below.

Yesterday's pick was one of those - ROYL. The stock was up a tidy 43.35% today. That's what some of these Small Oils are doing right now. I know it sounds crazy, but I'm not trying to figure it out. I'm just trying to find the best charts of the stocks making money hand over fist!

One of the strongest stocks of the year is in that sector, and is "at it" again. I'll name it below for my premium Baffle / RSVP / ARM Play Members.