Hot Pick Of The Day

[New-born baby]

AW Looks likea good buy here !

Maybe. Here's the weekly for the last 10 yr, 6 mo. Gives us a looooong range view of this stock.
1. Was in an 8 year descending triangle. UUGH!
2. Trend broken by the recent run up over the trend line. (See chart). New price target is now $27 (PnF), and has an intermediate target of $21.
3. The overhead resistance is not all that substantial (price by volume). (See chart).
4. Daily shows that AW is way overbought, and has been that way for 2 months.

Suggest you wait for retest of the neckline before entering this pile of Allied Waste

[New-born baby]

CCUR looks ready to pull back to the 200-week MA, around 2.60. The daily chart is also overbought and rolled over Monday. Should it hold at or above the weekly MA, that would be a good place to buy, IMO.

Dave,
You do a great job with the MA. Would you care to comment about how you like to use them? Buy signals, sell signals, etc?

[Peter Hansen]

New Born SAUP.....worth a look

NB SAUP is one of those BB stocks......but its business is Auto & Truck Parts Just look at the chart.......wow it is burning rubber and smokin' .I will have to do more research into the fundamentals! Do you see any future in this one ? Thanx and Have a Great Easter !

[Peter Hansen]

NB Thanx For Excellent Analysis

NB Thanx your charts are most helpful to me and, I am sure many others here in Mr M !

[Peter Hansen]

SAUB Will Go Nasdaq on 4/18/06 New Sym SORL

NB SAUP is one of those BB stocks......but its business is Auto & Truck Parts Just look at the chart.......wow it is burning rubber and smokin' .I will have to do more research into the fundamentals! Do you see any future in this one ? Thanx and Have a Great Easter !

NB Mystery solved ......this Chinese company will go to NAsdaq on 4/18/06 SAUB will Become SORL which stands for its name SORL Auto parts.....this one is definitely worth watching !

[DSteckler]

Dave,
You do a great job with the MA. Would you care to comment about how you like to use them? Buy signals, sell signals, etc?

I use the 50 and 200DMA as support/resistance sentiment. Crossovers from below to above the 20-day EMA are a shift in short-term sentiment.

I will use a breakout through the EMA, followed by a pullback to it that holds, as a buy signal if other TA indicators confirm.

[New-born baby]

I use the 50 and 200DMA as support/resistance sentiment. Crossovers from below to above the 20-day EMA are a shift in short-term sentiment.

I will use a breakout through the EMA, followed by a pullback to it that holds, as a buy signal if other TA indicators confirm.

Thank you Dave. Just one more helpful bit of knowledge to add to your arsenal, MM traders!

[DSteckler]

I should have added that crossovers from above to below the 20-day EMA are a downside shift in short-term sentiment.

[Peter Hansen]

NB STXN Ready For Blast Off?

NB STXN seems poised to go higher.......what say you? Thank You Pete!

[New-born baby]

NB STXN seems poised to go higher.......what say you? Thank You Pete!

Pete:
Look at this 10 yr chart. Notice these facts:
1. STXN has formed a cup here--no handle as of yet, so it could actually become a double top.
2. What we need is a bullish breakout above $6 on volume. You'd probably be well advised to wait for that, or else short the current formation.
3. Note the RSI and ULT: when the RSI has been overbought in the past, the short position was the correct position to take. And STXN has never, ever been so overbought on the ULT. Danger here, Cheri

I know nothing about the company, but my take would be looking STXN short here until it proves me wrong with a breakout above $6 on volume.

[billyjoe]

Newborn,
Just read an article by chartmaster Bulkowski. He claims that after extensive research he can find no advantage in buying stocks at or near all time high prices. He backtested compared to stocks in several differing historical price
levels and found little significant difference in returns. Did you read this article? It was in a publication you mentioned that offers a free subscription.

billyjoe

[New-born baby]

Newborn,
Just read an article by chartmaster Bulkowski. He claims that after extensive research he can find no advantage in buying stocks at or near all time high prices. He backtested compared to stocks in several differing historical price
levels and found little significant difference in returns. Did you read this article? It was in a publication you mentioned that offers a free subscription.

billyjoe

BillyJoe,
thank you for posting, and God bless you! Great to hear from you again.
I have that article in the "Newborn Memorial Reading Room". I agree with the man for the most part.

[Rob]

Hey Billyjoe

Hey Billyjoe.

Good to see you're alright! Haven't heard from you in a spell. I've been keeping you in cash on the POTW (and you're the only one who is granted that special dispensation, it being your thread) but look forward to you rejoining the fray.

DMK is slaughtering everybody this week with TZOO.

[RL]

Billy glad your back and ready to add your words of wisdom

[New-born baby]

Oil

Oil settled above $71 today. . . $70 was significant resistance, and it cut right through it. Now $70 is support, and frankly, $80 is in sight, as I forcasted, and perhaps even up to $100-$120 this summer. One bomb, more sabre rattling from our friends in Iran, and . . . .