Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

End of Day Recap

Overall, today was a good day. Most of my top holdings held their own and ended up posting modest gains. Some of today's favorites were APPY, AXYS, and BKR. Others such as EXM and SNDA ended up closing negative, mostly from profit taking. I will try and post some stock picks and trade ideas for tomorrow a bit later.


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

After Market Check Up: DJIA creates a Pivot Point
Okay, so I didn't get to sell CPSL at 11 and I didn't get a chance to pick up more BKR at its LOD. But still, it's all good. The impressive 3 day run in APPY has already made up for both of those small mishaps. In addition, the DJIA and NASDAQ have managed to improve their chart setups and have even created pivot points. These pivot points are a bullish indication which show that the financial markets are more resilient to the current credit worries and housing slump. This current patch of market strength should make the rest of the week more interesting.


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal (September 21, 2007)
New Buys: ASTI (finally decided to rebuy. So far so good), HSVLY, INXI (finally rebought...so far so good)

Added To: AEY, APPY, ARTW, BKR, BW, EHTH, SGU, SLI, TOD

Sell-Profit: MHJ (some of my position for an 18%+ return), SIMC (some of my position for a 65%+ return)

Sell -Loss: SILC (some of my position for a 8.7% loss)

Still Not Touching: JRJC (give me a nice pullback first)

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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

In Play: BKR, SLI

Today's In Play Candidates: BKR and SLI

BKR and SLI are two of the top AMEX stocks at the moment. They are CANSLIM in quality and have strong technicals as well as fundamental qualities. I will post charts of both of these stocks after the market close.


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Ideas for Friday, September 21, 2007
Here are several trade ideas to work with for today....

Add to: ATRO, AXYS, BKR, MPWR

New Buys: VSEC (rebuy)

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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

New Buys: SLP

Add On To: AXYS, BKR, SIMC (on any dip)



Notes: Add On positions can also be used as initial positions if you are new to a stock. New Buys represent stocks that are new stock picks and/or new holdings in my portfolios. Add-Ons represent stocks currently held in the portfolio or ones that have been already recommended as stock picks.



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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Waiting and Worrying About the Fed...

Stocks closed modestly lower today in anticipation of the upcoming Fed meeting. This is understandable. I am actually glad to see investors and the stocks behaving in such a fashion. There should be at least some sense of nervousness, caution and uncertainty. I would have felt uncomfortable if investors and traders approached this event in a confident manner. If the outcome of the meeting is positive, the markets may rally from here. If the outcome is negative, down we go again. Regardless, I am sticking with my current positions. I haven't found any new earth-shattering stock that I should be long. Well at least not yet. My research for tomorrow is still far from done. Despite the markets negativity, I was glad to see some of my stocks bucking the trend. Stocks such as SIMC, CMED, SNDA (new buy), and ANW (new buy) all fared well. Even BKR may have finished consolidating as it began to work on a pivot point on above average volume. Whatever the Fed meeting outcome, this will be an interesting week. Now lets sit tight and see what happens...



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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor


Almost...
Today was almost the continuation of the next leg/chapter of the primary uptrend that began back in the early spring of 2003. I say "almost" because although we closed right above the 50 day MA (the DJIA), we still didn't end up breaking out on high volume either. Also, there still aren't that many healthy bases appearing in stocks either. There are a few breakouts here and there, but nothing that exciting. Most of my stocks did just fine today and for the whole week. There were a few of them that did act up though. MHJ and HMSY did not act as well as I would have liked. Still, others such as NWK, SIMC, SLI, and TOD did just fine. Some of my top winners are taking short breaks and consolidating for a little (such as BKR and MPWR). Still, even their charts still look good and as long as the market doesn't flop and break down again, I'm sure they will fare just fine. For now, enjoy the weekend. I will try and post a few new longs for the weekend. I will also try to do some further analysis on some current holdings and see which ones I should add to and which ones I will sell.


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Another Nice Up Day....
....But, we are still stuck in a lateral trend. Still, if the bullish sediment continues, we may actually be able to climb above the 50 day MA and hopefully stay above it. Today is the day for this to either happen or not happen so keep a close eye on the market. As far as what stocks to buy, hopefully, by now, you should have quite a few of top performers in your portfolio. The markets bounce off of the 200 day MA earlier this week should have provided plenty of time for one to have grabbed some longs. If not, do not worry. If this is the beginning of a new uptrend, there will be plenty of time to pick up some longs. For now, I will be sticking with my winners such as SILC, BKR, MHJ, SIMC, LNOP, etc.

If you need some longs, check out HMSY and MDCA


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Keep it Simple....
Although there are a few new stocks on my radar, I am choosing to keep it simple. There are already plenty of longs in portfolio that are performing well. Stocks such as BKR, SILC, BW, SYNO, BCSI, CVGW, LNOP, ARCI, SLI did well even with though the market took a beating.
Of course, there are others that have not done well, such as: JNPR, SIMC, DCO, MOS, CF, MPWR, TOD, SHEN and MEAS. If they do not improve, I will simply let them go. I have been adding to stocks that continue to perform well. This strategy helps me take advantage of strength, while my cut loss strategy ensures that I keep my losses as small as possible.

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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor
Despite The Weak Market Action, Several Stocks Seem Resilient
Here is a tentative list of some stocks that seem to be bucking today's negative market action: CVGW, ARTW, BKR, SILC, ALVR, JNPR, PRKR, MPWR, NUAN, MFE

BKR


Very positive breakout action with robust volume to back it up. This is exactly what I like to see in a strong stock.

SILC


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor
In Play: CF, DCO, MOS, SILC, SYNO & BKR
Here are several stocks that are acting quite well today. I will have some more In Play candidates before the market close....

So far: CF, DCO, MOS, SILC, SYNO

the Last In Play candidate for today is BKR....

So far, all the picks are performing quite well. DCO, SILC, SYNO and BKR are top-notch stocks that should head much higher if the market continues to act bullish. The fact that they are up 7% or higher shows that the stocks are experiencing high demand from buyers at the moment. But don't sleep on MOS and CF. Both of these stocks are in an industry group that continues to show tremendous strength (Fertilizers).

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