Monday, December 19, 2011

Stock Market View...Leading Stock Analysis Updated

Stock Market continues its indecisive non-committal action.  Considering all the bad news that keeps circulating around, the market & many strong fundamental leaders have held up quite well.

At this point of the year we don't really want to see much of a rally.  It will most likely be accompanied by low volume and setup a bull trap into the new year.  More constructive action would be continued sideways or downward movement with one last shakeout.  Of course leading stocks would have to continue holding their setups.  What's been interesting, for every leader that breaks apart, a new one takes its place.

The short side is too extended, wild, and more susceptible to headline risk.  While there are many old leaders setting up classic short patterns, they need more time to shake out the shorts and tighten up.

Outside of a major surprise, we continue to look for the third leg of the bull market led eventually by the large caps.  Mid caps have held up better then most and should lead early before passing on the baton.

Stay patient and dip your toes but don't let any stock move too much against you.  Cash is not a bad place to be through the new year.  As I always say, it is rare that a Bull Market just takes off and doesn't offer a second opportunity.

Review the updated Leading Stock Analysis section updated this weekend.

Tuesday, December 13, 2011

What to do? What to do? What to do?

Nothing.  There is nothing to do in the stock market.  Plenty of long setups but none want to move higher...Yet.  The one's that have gone are just backing and filling and not making much progress.  The market and top notch stock want to go, but the continued uncertainty out of Europe is holding them back.  If you're lucky enough to be in a position that is working, make sure it's acting right or keep the stop tight.  There is no reason to take on risk until we get at least some sense that the Europeans are going to really fix their problem or super glue it enough that it leaves the headlines for a few months.  Ultimately they will have to deal with it and new bull market will find its footing.

In the meantime use the Leading Stock Analysis Section(updated weekly) of the Blog to keep your watchlists fresh.  You don't want to be caught off guard when the stock market does find it's footing and turns.  The first stocks out of the gate will be the best place to park your money for the rally.

If you have any questions, please ask.

Click to go to the Leading Stock Analysis Section...

Monday, December 12, 2011

Leading Stock Analysis Updated

As long as the stocks in the Leading Stock Analysis Section are able to stay intact, we would continue to look to enter the stock market on the long side. Stay tuned for a full market update...Soon. For now, you have everything you need in the Leading Stock Analysis Section. I am confident that if the new bull market continues, the Leading Stock Analysis section has picked up the majority of Big Winners.

If you missed my Market Outlook interview w/Kate Stalter last weekend, 17 Growth with Bullish Charts.,  listen to it now.

Wednesday, December 07, 2011

Play it Safe...But...Don't Be Afraid to Play it

Tough market for anyone trading longer then 30 minutes.  That's about how long intra-day trends last.  Alot of backing and filling making it tough to hold positions.  Yet we find ourselves with plenty of setups in leading stocks, and a market that just won't pullback enough to make anyone comfortable even entering one position.  

Personally, my opinion is we need more of a shakeout, but that doesn't mean the market might not just take off after this 2 day pullback, if you can even call it that.  So you have to be ready to buy at least one thing, and only one thing if the market gaps up big one day.  If the market is going to launch from here and pullback later, you're participating.  Keep your stops real tight.  At this stage, if the stock is going to breakout, it should just go.  

Develop your own road map.  No Bull Market just runs away.  If not this week, then next.  But you have to be prepared to make a quick decision.

If you missed my market outlook interview w/Kate Stalter from the, you can read or listen (transcripts a bit garbled)...17 (!) Growth Stocks with Bullish Charts.  Don't forrget to Vote.

Monday, December 05, 2011

17 (!) Growth Stocks with Bullish Charts

Did an interview with Kate Stalter @KateStalter at the @MoneyShow about my current stock market outlook and growth stocks that could be big winners if the rally continues to materialize, title 17 (!) Growth Stocks with Bullish Charts.  You can listen (my preference) or read the interview.  Don't forget to VOTE.

Direct Audio Link