Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Despite Fears of an Imminent Market Correction, Several Bullish Chart Patterns Emerge- Part 2-The Stocks & Charts

Here are several stocks that I like. They are all showing interesting chart patterns and displaying technical strength


Stocks: AEY, HA, MCZ, NEOG, NG

AEY


Although I suffered a loss on AEY the last time I traded it, I still believe that the stock can make a good trade at the current price level. This is mostly due to the strong bounce off of the 50 day MA on robust volume. A small position is key at first. If it continues to improve, add more.


HA

HA has recently reclaimed its 50 day MA on huge surges of volume. This is signaling some institutional interest in the stock and may hint towards future upward moves.


MCZ

MCZ has successfully bounced off its 200 day MA on higher volume. The current price level provides a low-risk entry right above the 50 day MA.


NEOG

NEOG is a thinly traded stock that is experiencing increased volume during the last few trading sessions. The stock has recently announced strong Q1 earnings which is mostly likely the reason for the renewed interest in this NEOG.


NG


With gold stocks beginning to move into positive territory, it is a no-brainer for me to include a gold stock. NG is currently one of my favorite gold/silver setups. It has recently reclaimed its 50 day MA and has no strayed far from it, allowing one a low-risk entry into the stock.


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Stocks to Add to:
Add to- APPY, BIDZ, CLDA, JST, POSH, SIMC, SQNM




I will try to post some more picks for tomorrow. In addition, I will try to mention some of the current stocks that one should add more to. 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

What's Hot and What's Not...
Today was a rather hit or miss type of day. There were several stocks that did quite well and there were others that I wish I never bought or mentioned. But that's how the market is. It's all about getting rid of the poor performing stocks as soon as possible and buying the ones that continue to show improvement.
So, lets take a look and see which stocks were hot and which ones flopped..

Hot Stock: ANW, APPY, BIDZ, CLDA, JST, SIMC, SQNM

Flopped: FSIN, PAET, BLOG, HURC, LNOP, OMTR, TSL, YGE

Sells: BLOG, LNOP, PAET, TSL, YGE

Slightly redeemed themselves: AERO, JASO, REDF




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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Stocks In Focus For Tomorrow
Potential Buys: FMCN, UIC

Add to: APPY, BW, NTCT, SIMC


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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 20, 2007)

New Buys: AATI, AERO (rebought), AEY, APPY, BMI, SHOR, ZINC

Added to: ARCI, ARTW (nice bounce off the 50 day MA), CREE, EHTH, MHJ, MPWR, SIMC, SLP

Watching: JRJC (I feel as if it is too over extended for a buy. I'll watch and see if it comes down a bit before I buy


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

End of the Day Recap..
The markets continued to echo the effects of yesterdays rate cut as they continued to rally, closing up +76 points for the DJIA, +9.25 for the S&P and up +14.82 for the NASDAQ. Even the Russell 2000 has climbed back up on its 200 day MA. A few weeks ago, the Russell 2000 was looking like a mess.
Stocks I Added to: ARCI, BW, FALC, FRM, MEAS, MHJ, OMTR, SLP, SIMC

Stock I should've added more to: EHTH (beautiful chart by the way)

New Buys: CREE, DGIT

Watching: INXI (looking for a dip before the real possible breakout)


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Moving Along Nicely...
Despite some bumps in the road (SILC, SNDA), most of my stocks in my portfolio are performing quite well. Even SIMC has bounced back and is acting fine. The only stock that I could maybe recommend as a new buy is ASTI. I recommended this one a few months back but had to sell because the stock reversed its uptrend soon after the mention. Well the stock is acting fine again and may make a good long as the stock broke out yesterday on high volume. I also posted several gold and silver plays last night. You can add LIHR to that list as well. The best advice that I can give you now is to keep adding more to your top performing stocks and sell the ones that are lagging behind.


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

An Eye on Today's Laggards
With such an incredible upside move, its hard to believe that some stocks actually closed in the red. Believe it or not, its definitely true. Some of my holdings got hit with profit taking. Lets see which stocks lagged behind the market today...



Today's Losers: CFSG, LNOP, SIMC

I'm not that worried about any of the stocks as I am already making a profit on each of them. SIMC has already netted me close to 50% by itself. Today's decline in SIMC was to be expected as the stock violated its trend line/pattern. I would expect it to trade sideways a bit. Still, patient traders that wanted to get in on the dip had ample time as the stock closed near its 10 day MA.


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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

In Play: ANW, CMED, SIMC, SNDA

Here are today's In-Play candidates...

ANW (new recommendation/stock pick)
SNDA (new recommendation/stock pick)

SIMC (add-on, up nearly 40% from initial buy)
CMED (add-on)



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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

In Play: MHJ, SILC, SIMC
Here are three In Play candidates for today. MHJ seems to be the most speculative and the riskiest of the bunch. Still, despite its volatile nature, MHJ has improving fundamentals and boasts improving earnings, quarter after quarter. So its no wonder that institutions have begun to take notice in MHJ and picked it up yesterday on strong volume...




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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Indecisive Market Action...
Today's market action pointed towards as state of indecisiveness among investors and traders. It seems that although there were quite a few bargains in the stock bargin bin for investors to pick up, many were still a bit weary and cautious about the recent red-hot sale on Wall Street. Of course everyone is looking for a bounce. Without it, these so-called bargins were really not bargins at all, but instead, empty bags for foolish speculators to hold. The fact is, no one wants to be a bag holder. With that in mind, it is easy to forgive todays mixed action. Despite this, there were a few stocks that still look promising. SLI, NWK, VMW, SIMC and a few others.

NWK



A great time to initiate a position or to add to an pre-existing position. I've been long NWK for a while now (since the beginning of the year) and up over 100% so far...



SIMC



A fairly recent long, SIMC has been trending beautifully right along its 10 day MA. So far, I am up over 18% on it.


SLI



A recent fave, SLI has a similar trend to SIMC. Notice the stock is trending right along its 10 and 20 day MA.


VMW


VMW is my favorite IPO at the moment. Today's breakout helped catapult VMW to new heights...


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