Runner's Rascals

[Websman]

My game plan in this current market has been to stay away from the small caps and focus on scalping larger sized stocks. Those little guys can burn you in a heartbeat. Sure you don’t get those huge moves but I feel the risk is not bad for the reward. I will most likely make one more trade this week and cool out until next week. Thus far all scalps have worked to my benefit. I close them out normally by EOD no questions asked..

Very sensible trading plan...

[Runner]

Interesting take from the Hussman report http://www.hussmanfunds.com/wmc/wmc060612.htm

[Runner]

The weekly trend in the S&P is now busted. Short term a bounce is in store but I will be looking to sell the bounce as of now. I think next possible short-term target for the S&P is Oct’s lows. I recommend cash and or short positions short term. I’d wait for a bounce before taking on new positions.

[Runner]

caught HDI and closed position out...done for the week. Ya'll have a nice weekend..

[Runner]

Having conducted evening scans I see many stocks setting up as shorts. Most appear to also be getting ready for the third leg out.

[Runner]

S&P is sitting at what I think is a pretty important area right now. A move above the upper R-line might bode well for the BULLS. Now a move below the bottom S-line will bode well for the BEARS. Next week should give us a better picture on direction. Choppy sideways action for now.

[spikefader]

S&P is sitting at what I think is a pretty important area right now. A move above the upper R-line might bode well for the BULLS. Now a move below the bottom S-line will bode well for the BEARS. Next week should give us a better picture on direction. Choppy sideways action for now.

Hey Runner,
I suspect bears are lickin' their lips. Chart.

Hey, by the way, what is that thing I've circled represent?


Prosperous entries dude.

[Runner]

Spike that blue thing is just some info on price action.

[New-born baby]

Fresh from the Colonel

Hey Runner,

Hey, by the way, what is that thing I've circled represent?

11 herbs and spices

[spikefader]

lol; OK, just "some" info huh hehe. I think NB is onto somethin'.....a secret formula to identify critical moments in time. Well I hope it makes ya a kazillion!

[Runner]

Spike, really it has no value or secret herbs. It truly does not mean anything. I can adjust the values in that blue box and put in entry prices and date stock was bought. Once in a watch list it will automatically adjust with time.

[spikefader]

lol Oh, OK. It looks impressive though jeje

[Runner]

Several shorts triggered today off last nights scans. One looking interesting for a possible pullback buy is CTCI. PALM might be trying to put in a bottom.

STMP had a real nice trigger out of the drift
VSH=same
NITE=same
TCC=still in drift mode
ICE=drift mode
ROCK=drift into R

[Runner]

Little upward momentum has been going on in the shipping group..

[Runner]

Having run my scans I’m just not seeing many that have been setting up from a base. Normally when the market is trending I’ll get a slue of stocks setting up long. Here are the only ones I’m seeing that might be setting up for a possible swing.
FMD- basing since March and currently showing some forward momentum
RAH-basing
CTCI-trending real nice out of a nice base
ANDE- trying to pop out of short base
ABAX- trying to accelerate out of base
RSAS- popped out of base and missed first pullback
ENS- nice base and trend acceleration and chart looks pretty good

Of stocks just mentioned I like ABAX ENS FMD the best with possible triggerline over last close.

I’m happy with last nights stock selection as most of then pulled through today. I’ve traded ABAX and ENS and just went flat.