Well, I have to admit... today was a NICE surprise!

I advised everyone just a few days ago not to expect many "fireworks" in the market until after Labor Day.

Turned out, I was wrong.

Both the DJIA and the Nasdaq exploded "out of the gate" today, and did not look back. The Dow romped to an eye-opening 212.67 point gain, while the Nas jumped 29 and change. Not too shabby.

What caused the bullish rampage today?

Seems the economy is not so sanguine after all. The latest (revised) GDP (Gross Domestic Product) number came in at a jaw-dropping 3.3%.

While this number is already being called a "high-water mark" (in other words, don't get your hopes up for this unusual kind of solid growth to continue), the news caused the bulls to show up in force.

Even before Labor Day.

With most stocks up across the board, it's difficult to see any standout sectors. Not quite "just throw a dart" and buy the stock, but pretty close.

The small real estate mortgage and title insurance companies are popping again. One of my recent picks here - MBI - was up a sweet 34.81% today on hellacious volume.

But I'm going to the bombed-out Industrial Metals & Minerals sector tonight to see if we can catch the rebound of a stock that's been sold mercilessly lately. It was up almost 14% today on humongous volume off a MONSTAR reversal pattern.

With a P/E ratio of only 4.27, it seems to be oversold way too much. And I think astute buyers are catching on to that.

I'm going to name that low-priced stock for my Premium Members below.

My regular Members know about my affinity for puns. Related to the name of this stock is a line from The Godfather movie: "I made him an offer he couldn't refuse."

Let's see if my Members catch the pun after they see the name of the stock below.

A nice day in the market...

Today was much more fun to be playing the market from the long side.

While the DJIA and the Nasdaq could not maintain their highs of the day, they both had (almost identical, percentage-wise) decent gains for the day.

The Dow galloped to an 89.64 point gain, while the Nas popped 20.49.

Technically, I like the Nasdaq chart better than the Dow's. Nas' chart looks like a textbook "W" double bottom, while the Dow may be stuck in a slightly uptrending trading range.

News came out today that the housing meltdown may be near an end, or at least about to level off a bit. That helped certain Homebuilding stocks today.

With the snapback of the indexes, lots of great charts appeared out of nowhere today. One of my favorites is in the Tech area. It almost doubled in price recently, in just 21 trading days. Up over 7% today on a strong reversal, it may be off to the races again. I'm going to name that low-priced stock for my Premium Members below.

Not exactly a "Turnaround Tuesday, but we'll take it...

The markets ended mixed today, with the DJIA up 26.62 points and the Nasdaq in the red by a scant 3.62 points.

So not exactly a mega-reversal Turnaround Tuesday. But after yesterday's miserable market massacre, not bad at all.

In fact, both indexes caught on fire during the last hour of trading, basically heading straight up into the close. So tomorrow could be interesting.

There are just a handful of great-looking charts this evening. And some of them are in the beaten-down Energy sector. I'm on the alert for more strength there.

And again, I don't foresee a great chance for many fireworks in this market until after Labor Day. Which is now just days away!

So be ready! We may see some interesting things shaping up in the market very quickly. And we also have those two major conventions in our near future, with the typical ebbs and flows of market action - both up and down - before and after them.

So stay tuned for the rest of the Election Year Follies!

This is about the choppiest market I've ever seen...

If you're frustrated with this market, you're not alone.

Picture-perfect, textbook base breakouts are getting spanked right back down into their bases, or even worse.

One day the Dow is up 197.85, the next... down 241.81.

If you can see any "rhyme or reason" in this market, you and I need to have a conversation. Because I don't see any.

The "good" news is... the market is still trying to hang on to its tenuous rally starting back in July.

And maybe even better news is that this week marks the last week of the so-called "Summer Doldrums", that period of the year when, as I've mentioned here before, lots of the top traders on Wall Street are taking it easy at The Hamptons or Martha's Vineyard until after Labor Day.

So until then, it looks like we can expect "more of the same" - each day a "tossup" in the market as to whether it ends up big or down big.

I guess we just grin and bear it for another week or so.

Thank you Gentle Ben, for a Fabulous Friday!

Well, we didn't have our Turnaround Tuesday this week.

And we didn't have a Wonderful Wednesday either.

But thanks to "Gentle" Ben Bernanke, we did manage to pull off a "Fabulous Friday."

The market seemed to take solace in Bernanke's assuring words today that inflation was not that big of a deal, and that "everything will be all right." Those words caused explosive moves on both the DJIA and the Nasdaq, with the Dow ending the day up just shy of 200 points, and the Nas up 34 and change.

Helping things along was a sharp spike down in the price of crude oil (after a sharp spike up yesterday). Also, not hurting events at all was word that the troubled Wall Street firm Lehman Brothers may be taken over.

All in all, a dandy day in the market, and a great way to end the week.

And we have one more week left in the so-called "Summer Doldrums." Most of the top traders on Wall Street take the final two weeks of August off and head to The Hamptons until after Labor Day.

Will they be in a "buying mood" when they return? Well, only time will tell. But my gut feeling is "yes."

Have a great weekend!

It was kind of a "blah" day, but over all... not too bad...

I guess it could have been a lot worse in the market on Thursday.

Most of the major indexes were in negative territory for the better part of the day. But a late-day rally caused the Dow to actually close in the green. It was up almost 13 points for the day. The Nas didn't quite make it - that index was down 8.7 points.

Energy stocks looked great on Thursday, since crude oil futures rallied above $120 a barrel to more than a two-week high, as the dollar fell against other major currencies and tensions between the U.S. and Russia escalated.

I'm starting to take a shine to the Energy sector again, and I've found a beautiful chart there. It's a re-buy of a great little low-priced stock that tripled in price earlier this year. I'm going to name the stock as my RSVP Play this evening.

"Not exactly "Wonderful Wednesday", but we'll take it...

With Turnaround Tuesday not happening yesterday, I was hoping for a Wonderful Wednesday today.

Well, the market tried to cooperate a bit. All major indexes did close in the green. Modestly though... but we'll take it.

Helped by HPQ's nice earnings surprise, the Dow took the lead today, up almost 69 points, and the Nas was up just shy of 5 points.

The Solar stocks "shined" again today, helped by good earnings reports coming out right and left from companies in the sector. Lots of good charts there, and I especially like ENER.

I'm also starting to see nice bottoming action in the now beaten-down Energy stocks... the "Darlings of the Market" just a few short weeks ago. GMXR looks good there. And watch PDRT - it was up huge today.

But I'm going back to the hot Health sector tonight. I've found another beautiful chart there, and I'm going to name the stock as my ARM Play this evening.

Turnaround Tuesday was not happening today...

Well, my optimism proved to be unfounded.

I had hoped the market would remain "true to form" and perhaps gap down on the open today, and form Hammers on the index charts by the end of the day, creating another Turnaround Tuesday.

Didn't happen.

More inflation worries and continued financial woes were just too much for the bulls, and the bears once again roared down Wall Street.

Like yesterday, it was pretty much all downhill, all day for both the Dow and the Nas. The Dow gave up almost 131 points and the Nas almost 33.

Hewlett Packard and Verifone are both up after hours though, so that might help the tech stocks tomorrow, and breathe new life into this morose market. We need something.

But there's one good thing about a bad market day...

Good charts stick out like sore thumbs!

I've found one of those few good charts, and I'm going to name the stock as my ARM Play this evening. It recently came close to doubling in 22 trading days and then pulled back. And now, it might be off to the races again.

Well, at least we're all set up for Turnaround Tuesday...

That's about the only positive thing I could think of to say about the market's action today.

It was pretty much all downhill, all day for both the Dow and the Nas. The Dow cratered almost 181 points and the Nas almost 36. But both indexes popped off their lows of the day near the close, so... once again... we're all set for yet another "Turnaround Tuesday."

This extremely frustrating, back-and-forth market action wears on the nerves for sure, but sometimes you have to "grin and bear it", and just grind your way through as the market forms that elusive bottom.

And even in the roughest of markets, there is still plenty of excitement out there if you know where to look.

For instance, just today one of my recent "on deck" RSVP picks - FMD - was up a tidy 71.33%. We'll definitely keep that one on our Holy Grail and ARM Play watch list for Aftershock Action!

I'm still seeing the bullish bias in this market...

The Dow and the Nasdaq switched roles today.

The red-hot Nas has been roaring back from its recent bottom in July, and has taken over leadership in what appears to be a new bull market up-leg. And on most days, the Nas has ended in the green more often than the DJIA.

But the Dow popped back a bit today, continuing the uptrend of "higher lows" on any pullback. And the Nas "popped and flopped" a little today.

Overall, however, there's nothing to make me change my bullish bias in the stock market right now.

And speaking of red-hot, have you seen what some of these mercilessly beaten-down real estate and airline stocks have done lately?

If not, just take a quick glance at a few of these charts since early to mid-July...

SCA, ABK, MTG, and RDN in the real estate area.

And just about any airline stock chart. But you might want to pay special attention to LCC there. It went from 2 to 9 in 20 days.

Who in their "right mind" would have ever thought a few weeks ago that events were setting up allowing you to make a SMALL FORTUNE in regular airline stocks and unloved real estate stocks...

In The Span Of 20 Days!

As I've said on many occasions before, we live in interesting times.

Anyway, these trampled real estate stocks have been "easy money" lately, and I see another one setting up again for perhaps a new double or triple in the next few weeks.

I named one yesterday in that same sector, and the stock was up 25% today. The one I'm about to name was up "only" 16% today, and I think it will head skyward on the open Monday morning.

The bulls are back in charge...

The recent market action is typical of a market bottom.

What I mean by that is, historically, market action at tops and bottoms tends to be highly volatile. One day, the market is up huge on equally huge volume. And then the next day... just the opposite. It's the typical battle between the bulls and the bears at critical junctures in the market, until one or the other wins out.

I think the bulls will eventually win this battle, and it will be "clear sailing" for months on the upside.

But here's the deal.. and this applies to any market - bull or bear.

You simply need to be alert to what is ACTUALLY GOING ON in the market.

Not what the "whoop-de-doo", Harvard MBA analysts "think" should happen in the market, based on their million-dollar, "whiz-bang" software models that are based on who knows what, and will break down at the least little "anomaly " such as a subprime mortgage meltdown.

Let's talk about that particular "anomaly" for a second - the subprime mortgage meltdown "disaster."

You probably think there's about as much chance to make money buying financial stocks right now as a snowball surviving in hell. Especially anything even remotely involved in real estate mortgages, title insurance, or what have you.

Truth be told, you would be seriously and totally wrong.

In fact, some of these stocks have been absolutely the strongest stocks in the market over the past few weeks. A handful of these stocks have escalated in value to the tune of 200-500% and more...

In Just The Past Few Weeks!

So the lesson here is short and succinct...

Ignore the Harvard MBA analysts. Ignore the Talking Heads on CNBC and other financial news networks. Ignore about 99% of any investment and trading newsletters and websites.

And find a way to simply watch what's ACTUALLY HAPPENING in the markets.

I'll do my best here at Trade Your Way To Wealth to alert you to the strongest trade setups in the market on any given day.

And trust me...

They probably won't be any stocks you've ever heard of. Especially not from the mainstream media, or from any broker, analyst, or any so-called "expert" of any kind.

I'm about to name a stock below which is a "Poster Child" of exactly the situation I'm ranting about. It's a stock in the totally-hated real estate area, and is one of the ones that quintupled in value recently while 99.9% of the investment public let themselves be brainwashed into avoiding this sector completely. It pulled back into a beautiful Holy Grail setup, but reversed solidly back to the upside today.

Are we about to experience deja vu, all over again?

It was kind of a weird day in the market today.

The Dow was down triple digits, and the Nas - once again - was down, but not by that much.

Both the Dow and the Nas hit their lows for the day around noon EST, and then tried to rally. The Nas was even in the green for a few minutes. But both indexes weakened by the end of the day, closing in the red.

Perhaps the most interesting aspect of today's trading showed lots of representative stocks in the former "Market Darlings" bouncing. And is some cases, bouncing big time!

I'm mainly talking about Energy stocks - especially the small oils that went ballistic to the upside earlier in the year. For a perfect example, check out PDO - Pyramid Oil - up a tidy 44.95% today. The Ag Chems, Coals, Solars and Shippers popped nicely today also.

I've found a gorgeous ARM Play tonight in that resurging Energy sector. It's not an Energy stock per se, but is benefiting enormously from servicing that sector. The company just announced blowout earnings and sales, and looks extremely explosive.

It looks "home runnish." I'll name it for my paying Members.

We had a minor selloff today, but I'm still very bullish...

With the Dow's 400 point gain last week, you have to see periodic pullbacks. And we had one today.

The DJIA shed almost 140 points today, or 1.19%. But the Nasdaq continues to hold up better than the Dow, which it did today. The Nas was down just a fraction - only 9.34 points, or 0.38%.

This market continues to have a bullish tone to it. Whereas just a few weeks ago, any price surge to the upside of just about any stock was met with immediate profit-taking, creating an excruciatingly choppy market.

Not so in the current market. What a difference a few days can make.

In fact, I'm starting to see handfuls of stocks actually skyrocketing into strongly trending, multi-week climax runs, with potential for huge short-term profits along the way (if you know where to get off).

AFAM is a good example (and today's action shows what happens when you stay "too long at the party"). Even with today's breathtaking pullback, AFAM is simply back at its 10ema.

Biotech stocks are continuing to outperform just about any other sector in this market, so I'm on a constant vigil for stock charts in that sector showing potential.

I've found a superb RSVP tonight in that sector. This one looks "home runnish." The stock was up 25% today, and I think much more upside is ahead for this tiny dynamo.

The bulls are quickly taking over Wall Street once again!

Looking at recent market action, I'm now getting the distinct feeling the bulls are starting to wrest control over Wall Street from the bears.

Although the indexes came off the highs of the day, the DJIA was still up a respectable 48 points and a fraction, and perhaps the most significant... the Dow reclaimed its 50ema. And the Nas (as has been the case more times than not recently) did even better, with a near-26 point gain, or a little over 1%.

It's really amazing the difference a few days can make.

Some of the former Market Darlings - the Energy stocks - are now down 40% and more from recent highs just made a few trading days ago, in the grand scheme of things. And the former Market Pariahs - the Financial stocks - are up 100%, 200%, and even 300% and more in that same time. Ditto for the Airline stocks.

We live in interesting times. And in those times... if you're ALERT... you can make a TON of money!

Speaking of making lots of money, I'm going to name a stock below for my paying Members as a replay.

I originally played this stock as an RSVP back on July 11, and it basically did nothing for 21 trading days.

But today, it was up almost 52%. Patience rewarded!

I think it's time we played it again. It looks like a fine speculation.

The Dow is in a trading range, and boy did it bump its head against the ceiling today!

Well, it was back to the downside again today, as the bears roared back onto Wall Street with a vengeance.

The DJIA seems to be stuck in a trading range between 11,000 and 11,700. It opened around 11,655 today and it was all downhill from there, closing at 11,431 and change. The Nasdaq fared a little better, and was actually in the green during the mid-day hours. But it went into a nosedive starting around 1:30 EST, and it also ended near its low for the day, down almost 23 points.

Oddly enough, I'm seeing a lot of possibilities for big gains tomorrow with the great number of RSVP setups my software scans discovered this evening.

One of the most bombed-out sectors other than the Financial area is the Automotive industry. I unearthed a stock in that sector which exploded to the upside today on huge volume. This stock was selling for $22 just a few months ago. It closed at $5 and change today, and it's sitting on a ton of long-term support.

In other words, a fine choice for speculation!

Not to mention the fact the stock is yielding near 6% while you're waiting for it to rebound further. I'm going to name the stock below for my paying Members.

It seems like this market just wants to go up. But we're at a critical juncture...

After a weak open, the market turned right around and ended solidly in the green.

The DJIA sped to a 40.3 point gain, or 0.35%, and the Nasdaq led the pack today with a 28.54 point gain, or 1.21%.

The tech-laden Nas was the star of the day, partly due to a good report from CSCO - Cisco Systems - which gapped up 5.65% for the day, and was even higher intraday.

And the Dow is at a critical juncture right now - it's back at short-term resistance. So the next few days could be interesting. The good news is that we do seem to be in a new uptrend, with "higher lows" on each recent pullback.

I'm seeing lots of great charts today in the market-leading Medical sector (MR and BEAT are gorgeous examples), but even the recently beaten-down Energy stocks showed some life today as bargain-hunters started nibbling again. So I'll be watching for follow-through there and will be ready to reload on stocks like CLR and GMXR if they continue to rebound.

And it's back to Biotech for tonight's play. It's a rare Baffle, and it's a beauty. And the news on this tiny company that came out today is tremendous - the potential is huge. I'm going to name the stock below for my paying Members.

Wow! What a day in the market...

Well, the Fed stood pat today, but the market sure didn't!

As expected, the Fed held interest rates steady today. Obviously, that cheered investors and traders, because they sent the DJIA up a eye-opening 332 points - or almost 3%! And the Nasdaq was no slouch either, skyrocketing 64 points and change.

Most sectors were up across the board, except for the former leaders of the market - Energy, Ag Chemicals, Coals, Steels, etc. Airlines flew again with the tumbling price of crude oil, and Banks, Casinos, Retailers, Restaurants, and - I could hardly believe it - even REITs sported great looking charts today!

So, once again, we had our Turnaround Tuesday.

With today's strength, I'm looking for other bombed-out sectors whose stocks could soar just because traders appear to be in a buying mood again and looking for "bargains." I've found a good one, and a beauty of a stock chart coming out of a classic bottoming pattern. I'm going to name the stock below for my paying Members.

More downside today in front of the Fed meeting tomorrow...

The markets were down yet again today, so we didn't get the reversal I was hoping for.

The DJIA chart is still showing Hammer bottoming action, but Nas' chart is pretty ominous-looking. The Dow shed a little over 42 points, or only 0.37%, and the Nasdaq much worse at 25.4 points and 1.1%.

Even another plunge in the price of crude oil (at least at the end of the day, it helped for awhile) couldn't prop the market up as traders seemed to be still a little skittish with the news of the worst inflation in 27 years, combined with the Fed's meeting tomorrow.

Ag Chemicals - the former leaders of the market - got hit hard today as agricultural futures took a tumble. It may be finally time to dump shares in those stocks... or at least to lighten up a little on that sector.

The Health and Medical sector remains strong, Biotechs especially.

The good news? We're all set up for another Turnaround Tuesday!

The bad news? (At least for us down here in Houston and surrounding areas) - Tropical Storm Edouard is heading right for us. They expect him to turn into a hurricane on landfall, which could occur as soon as tomorrow. So keep us all in your prayers.

I'm about to name a small stock below (for my paid Members) in the Health-related sector that looks explosive. It blasted over 36% last Thursday, and was on the move again today in a weak market.

More downside today, but we could be looking at the bottom of the 2-day pullback...

As has been the case for most Fridays since the bear market began last October, all major indexes ended in the red today.

The DJIA shed a little over 52 points, and the Nasdaq 14 and change. But the charts of both the Dow and the Nas show Hammer signals, which could possibly signify the bottom of the 2-day pullback already.

And certain sectors of the market are still running on all cylinders. The Biotechs, Health and Medicals come to mind.

But there's a tiny subsector of the market which for some strange reason is currently the "hottest of the hot" of all industry sectors. One of the stocks in this sector is up an amazing 400% just in the past few days! And I'm seeing a handful of other stocks starting to take off in this tiny market subsector.

I'm about to name that market sector, plus the stock I think is one of the most likely to explode next, for my paid Members (see below). The stock was up over 62% today in a Baffle Play.