Hot Pick Of The Day

[DSteckler]

1. Volume Flow Indicator rolled over and is heading lower.
2. DI+ heading lower.
3. Recent high on < ADV.

[Runner]

Daily technicals weakening on MDCO. Look for a pullback to the 20-day EMA.

Dave, what does the price chart tell you?

[billyjoe]

New-born,
BA looks like an escalator going down. I think the giant flying bat formation of STLD is worse and scarier , therefore if I were to pick one to short it would be STLD. RDEN also looks worse than BA to me. Not much to like here.

-------------billyjoe

[Runner]

Here is a possible play Buy Long @ 22.20-22.50 Monday with stop around 19.40. Looks to be about a 12.61% potential loss if stop gets hit. This buy point would satisfy the weekly R-line around 22.10. I think if that stop did get hit I would be wrong and take the little hit. Scale out if trade works at +12.61% and try to ride the rest.
Many might say this plan would not be good as your R/R is just 1.0, but what if the price goes to 25 or 30 on the remaining shares?. Now things look interesting on a huge 12.61% risk.

Man your nuts to risk such a huge amount on this trade. Well not really in fact the risk is still the same as per my 1% of the capital in this account. You can get as creative as you wish when it comes down to how much to bet…

Yes it might P/B to the 20,30,50,200 and allows a better entry into your position then again it might not. Where is support and does support have any room is ones decision process?

How about this one use an ATR ratchet based off 10Bar low once R1.0 gets hit. Use a .05 multiplier to begin your exit strategy.

Here is an example as per Chuck LeBeau
Here is an example of the strategy: After the trade has reached a profit target of at least one ATR or more, we pick a recent low point (such as the lowest low of the last ten days). Then we add some small daily unit of ATR (0.05 ATR for example) to that low point for each day in the trade. If we have been in the trade for 15 days we would multiply 0.05 ATRs by 15 days and add the resulting 0.75 ATRs to the starting point. After 20 days in the trade we would now be adding 1.0 ATRs (.05 times 20) to the lowest low of the last ten days. The ATR Ratchet is very simple in its logic but you will quickly discover that there are lots of moving parts that perform a lot of interesting and useful functions; much more than we expected.
The ATR Ratchet begins very quietly and moves up steadily each day because we are adding one small unit of ATR for each bar in the trade. However the starting point from which the stop is being calculated (the 10 day low in our example) also moves up on a regular basis as long as the market is headed in the right direction. So now we have a constantly increasing number of units of ATR being added to a constantly rising ten day low. Each time the 10-day low increases our ATR Ratchet moves higher so we typically have a small but steady increase in the daily stop followed by much larger jumps as the 10 day low moves higher. It is important to emphasize that we are constantly adding our daily acceleration to an upward moving starting point that produces a unique dual acceleration feature for this exit. We have a rising stop that is being accelerated by both time and price. In addition, the ATR Ratchet will often add substantial additional acceleration in response to increases in volatility during the trade.

[Peter Hansen]

Professor NB CIPH &amp; AMCS?

New born CIPH and AMCS seem to be coming off a bottom....any thoughts on these?

[New-born baby]

New born CIPH and AMCS seem to be coming off a bottom....any thoughts on these?

Pete:
Thank you for posting
Now let' slook at CIPH:heading right into a lot of overhead resistance. But coming off of a double bottom, and Dow Theory says that a bust out above $1.80 is bullish with a target of $2.80.

AMCS:looks to be forming an inverted head and shoulders. Aggressive buy would be at $2.75 pullback, and conservative buy would be after stock pullsback and then again breaks out above $3.25. Either way the target is $3.75 first target, $3.90 at 2nd resistance, and $4.50 for the third target.

[billyjoe]

New-born,
BA looks like an escalator going down. I think the giant flying bat formation of STLD is worse and scarier , therefore if I were to pick one to short it would be STLD. RDEN also looks worse than BA to me. Not much to like here.

-------------billyjoe

New-born,
Sorry I took your STLD . I should have shorted RDEN instead , but you still have a low opinion on STLD , right ?

-------------billyjoe

[New-born baby]

New-born,
Sorry I took your STLD . I should have shorted RDEN instead , but you still have a low opinion on STLD , right ?

-------------billyjoe

Yup, BillyJoe, I have a low opinion of STLD. SO low that I bought puts on it, and sold calls on it. You know what I mean: I put my money where my mouth is

[Peter Hansen]

NB Once again thank you!

NB great job as usual

[New-born baby]

Gasoline

Unleaded is trading at $1.79 per gallon this morning, up from yesterday's low. Add tax of about .50 per gallon, depending upon the state, and you have $2.30. Add $.20 per gallon profit for the station, and you have $2.50 or so. That's what gasoline should sell for in NOV.

[New-born baby]

Wti

Crude: is this the bottom? Massive support along the $69 marker, and highs to lows points to support at $69 marker. So we have two strong signals that $69 is the bottom. PnF says $62, and there is blood all over the floor on the NYMEX. If you buy support, here it is.

[ninner]

bought joyg today

short term target around 55.... may even get back into the 70s had 2 dojis then a red candle and then today a nice gap up above the downtrending line....might see some profit taking friday but if it stays above that trend line it looks good.

[New-born baby]

short term target around 55.... may even get back into the 70s had 2 dojis then a red candle and then today a nice gap up above the downtrending line....might see some profit taking friday but if it stays above that trend line it looks good.

Nice! Thanks for calling my attention to it. Yes, it may retest the breakout line at $41.39, but it is a very definite bullish breakout. Thanks!

[peanuts]

Hi NBB,

I thought that you may find this stock interesting: VSEA

This seems like one that you can play within the channel- short and long.

Semiconductor stocks are drawing some attention lately. VSEA is currently testing 13 day MA, which has been acting as support lately.

[New-born baby]

Hi NBB,

I thought that you may find this stock interesting: VSEA

This seems like one that you can play within the channel- short and long.

Semiconductor stocks are drawing some attention lately. VSEA is currently testing 13 day MA, which has been acting as support lately.

Big thanks, Peanuts! I'll take a look and post about it shortly.

Okay! I wish I would have watched this one the last few days. Breakout about $34 was bullish, and it hit $36 and then retested the $34. Looking hot to $50's anyway. Right now it needs to bust $36.

Thanks you, Peanuts!