Hot Pick Of The Day

[peanuts]

I think the point I'm trying to convey is that commodity stocks are now turning the corner. Not sure what to make of this or if this would have a negative impact on this nice bull run. Something I surely will keep an eye on. In fact I'm beginning to see several of these groups trying to set up long. We shall soon find out as the moment of truth is lurking around the corner. Just wanted to point this out as this could be areas that may see the bull...!!

Runner,

I've been looking at long set-ups in nearly every copper stock I watch: PD, PCU, FCX, CUP, BHP. I am looking for a long entry next week in copper and a short entry next week in hospitality. Thanks for posting these lists. Sector watch will be the key to playing this young bull market. Just the same as it was key in the young bear market in May... but with different sectors.

[New-born baby]

New-born,
I don't think you like these mini cap thinly traded stocks, but can you take a look at TLF , my Pick of the Year selection? A 3 month chart looks as if 6.75 would have been a perfect entry. It closed at 6.95 today. It's in the green for the first time in months since the major stockholder sold millions of shares at a big discount . I'm thinking about getting back into this one. Thanks

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

BillyJoe,
See that price jump on awesome volume on Oct 18? That busted resistance at $6.75 as you note, and was/is the signal to jump on board. Furthermore it crossed its 200 day, so it is now in official full bull territory. Now I'll post a weekly chart to show you what I would look for:

1. Best entry available, and
2. Price targets.

Entry: hope for a retest of the $6.78 support line, or at least something near it. Closed at $6.95. Maybe you'll get something of a retest here. I gotta believe you will.

Price targets:
You have solid resistance at $7.39-$7.46 area, and again at $8.30. PnF likes it to $10.30. So 1st target is $7.42, 2nd $8.30, and third target would be $9.01, and PnF target of $10.30.

Just this additional note: TLF could possibly form a head and shoulders, as noted below. My gut doesn't think so; but I had tacos last night and they are not a good indicator.

[New-born baby]

I think the point I'm trying to convey is that commodity stocks are now turning the corner. Not sure what to make of this or if this would have a negative impact on this nice bull run. Something I surely will keep an eye on. In fact I'm beginning to see several of these groups trying to set up long. We shall soon find out as the moment of truth is lurking around the corner. Just wanted to point this out as this could be areas that may see the bull...!!

Runner,
Nice post Now my question: what do you think about oil companies at this time? Have you looked at XOM chart? XOM has awesome resistance at $70 at this time. Should that bust, wowie zowie! Should it not bust, wowie zowie! How about giving us poor boys and girls your thoughts about any plays you see. And, if you have the time, any other stocks that are "setting up" at this time. As always, thanks!

[ninner]

Looked At Tlf

HEY billyjoe, i looked at TLF at the beginning of the year for my retirement account....they loooked good but then i found ADAM....it looks like TLF has outperformed ADAM this year so far. the one thing i liked about ADAM is that they are in the heath info area ..which has huge potential and could be a take over candidate in the future...now they bought a online benefit company last quarter which they will integrate into their company which opens up new doors......i just found a company called Simulations Plus Inc....SLP...they are showing some promise...i think management owns around 60% of the shares and no debt which i like definately one im looking more into....

cheers

[billyjoe]

New-born,
I don't think you like these mini cap thinly traded stocks, but can you take a look at TLF , my Pick of the Year selection? A 3 month chart looks as if 6.75 would have been a perfect entry. It closed at 6.95 today. It's in the green for the first time in months since the major stockholder sold millions of shares at a big discount . I'm thinking about getting back into this one. Thanks

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

[Peter Hansen]

Okay, Pete! You know how to pick stocks par excellance, don't you?"

ACEL: pretty impulsive these last three days. Ugly sister, though. Has probably put in a bottom. Those gaps it made these last three days will get filled, I think, within another week to ten days. You are right: no sissies in this stock

CVGR: I like this one much better. Today's action busted through resistance on a powerful volume spurt. To tell the truth I could buy it right here and ride.

ATCO: looks like she broke out of an inverted head and shoulders today and is headed to about $7+. That's almost a double your money target!

CCUR: breakout and successful retest of breakout line. Looks good to go to $2.30, i.e., the 200 day! Short setup coming?

CBLI: very impulsive move these last three days; new issue "Twilight Zone Special" (ya never know what they are going to do). One thing I think it will do is fill the gaps it has been making lately. Not ripe, imo.

SO to answer your question: have they shot their load? I think CVGR, ATCO, and CCUR (up to the 200 day), still have some shot left. CBLI and ACEL I think have shot their load.

NB Good analysis ......ACEL up .6% , CVGR up 5.86%, ATCO up 6.61%, CCUR down 4.37% and CBLI down 3.82% ......you did favor CVGR , ATCO and CCUR ....2 out of 3 ain't bad .....nice job!

Here is the group RSI percent change over last 2 weeks. I’m noticing some renewed strength in several of these groups.

I think the point I'm trying to convey is that commodity stocks are now turning the corner. Not sure what to make of this or if this would have a negative impact on this nice bull run. Something I surely will keep an eye on. In fact I'm beginning to see several of these groups trying to set up long. We shall soon find out as the moment of truth is lurking around the corner. Just wanted to point this out as this could be areas that may see the bull...!!

[New-born baby]

Cat

Looks like the CAT got whacked pretty hard today. Down $9.58 so far. Dow THeory says she's got another $9.58 to fall yet! Short City. PnF likes it at $49. And that huge volume stick says "she's got more to go."

[New-born baby]

New born,
what does PACT look like for TA, looks to me like it jsut had a pullback, bounced off resistence, and will continue moving upward.
WHat is your opinion on this?
thanks

I think PACT will continue moving upwards. It needs to clear the $6.30 resistance, and if it does, looks good to run to $8.10.

[New-born baby]

also, whats your opinion on cpst
?

Here's my previous post on CPST:http://www.mrmarketishuge.com/showpo...postcount=3393

I like it at support of $1.50 or so. You have resistance at $1.75, and after that $2. So an entry here with a stop at $1.45 would risk $.05, with a $.50 reward, or a 10:1 r/r.

[Gwhiz]

also, whats your opinion on cpst
?

[Gwhiz]

New born,
what does PACT look like for TA, looks to me like it jsut had a pullback, bounced off resistence, and will continue moving upward.
WHat is your opinion on this?
thanks

[spikefader]

Thanks Spike. Throw up your fuzzy counts on this thread anytime

BTW: what is your minimum r/r that you'll take?

I prefer 10 or better, but sometimes I'll get weak and take a couple/several less.....but I don't make a habit of it.

[New-born baby]

I think I have a hot one for the day: SGP reported great revenues and a new drug has just been aquired from Santarus (SNTS). It looks like a bounce off of its 13 DMA, and a fundamental reversal of corporate performance (this is a turnaround story) I think that the emotional aspects of the report may boost the price at least 2 points today. What do you think? Will the recent high of $23.22 be tested and broken?

Who knows? Looking at weekly chart we have a topping tail. Looks like a strong pullback candidate. The daily shows a black candle: lots of selling, bears whipping bulls right now. Perhaps the bulls can get it together. I myself would wait for a breakout at $23.22. If that happens, it is a runner, IMO.

[peanuts]

Guess it would have made a better short than long

Maybe now it would be a good long? Or does this thing have an anchor on it?