Bullish stocks near support

[steelman]

I recetnly bought call options in FLIR, HOV, QCOR, CTSH ($$$MM$$$pick), F, DELL and GFI during the past few days to a few weeks back and still holding.

I had some real nice winners in the past 8 weeks with HA, BYI, SRCL, CXW, EGO, VSH, C, BUCY ($$$MM$$$), RDWR, KLIC.

My losers were HEAT and EBIX using this criteria. The overall return from the above closed trades was 41%. Again, these were all options.

I still wish I would have found $$$Mr. Market$$$ about a year earlier than I did. Anyway, I look forward to still learning from everyone here and I want to make a ton of money together!

[steelman]

So u look at full stoch and 30MA, do you also use the RSI and MACD?

I do use MACD and sometimes I do look at RSI, but I have my chart set for full stochastics, MACD and 30 day MA.

[wooish]

So u look at full stoch and 30MA, do you also use the RSI and MACD?

[steelman]

Did you see QCOR today???!!! up 12% while the DOW is down 110 pts.

Wooish, The first chart that will come up is a 6 month chart that has the 30 day MA. My indicator on stochastics is once it goes over 25 or it looks like it's getting ready to. Then from those, I have been looking at the 3 month from there.

[wooish]

Steel

Nice thread. Are you using the 5/30MA with MACD to time your entry? I've seen a few sites that uses this method.

[steelman]

I feel like it's time to start a thread for some picks. I have learned a ton from everyone here. Thank you to everyone for all your help in my process. I am not sure if I will list daily, weekly or whenever I have time.

Finding bullish stocks seems great, but finding bullish stocks near support has been extremely helpful for me when looking for stocks to trade. I will run a search that looks for stocks that fit that scenario and have high levels of implied volatility over the last three months.

There's about 25-50 that come up every day, I will try and narrow them down to the best ranked for ERG (earnings, revenue and growth). I will also be looking at MACD and Stochastics along with 30 day MA. I have been trading options recently, so if I buy any that I list, the time frame would be from a few days to a few weeks and for me the chart will outweigh the ERG but I prefer to see both, a nice ERG with a good chart indicator for entry. The option is only as good as it's underlying stock.

I have had a lot of success recently using this method. I have also made money on every one of $$$Mr. Market's$$$ picks using the charts for an entry. Oh yea, these would do well in an UP trending market.

A few that caught my eye tonight 4/29 are QCOR, YCZ, RGLD