Hot Pick Of The Day

[Runner]

Still bullish on $OSX. GRP has been acting very well.

http://www.mrmarketishuge.com/showpost.php?p=21716&postcount=782

[New-born baby]

GooG is going to ROLL

I'm Bullish on it down to 287

Yes, Runner. My thoughts: this thing is going to explode higher soon.

[New-born baby]

Hot Shot Pick Of Aug 6

Here it is! What you've all been waiting for:

AN inexpensive stock that looks like a near double! Making 50-55 cents per share. #1 Analyst recommended on IIC's list posted today. Look for a spike again today.

WHAI

[New-born baby]

Tough Day in the Markets.

It was a hard day for housing stocks, and a tough day in the markets.

[B.J]

Here it is! What you've all been waiting for:

AN inexpensive stock that looks like a near double! Making 50-55 cents per share. #1 Analyst recommended on IIC's list posted today. Look for a spike again today.

WHAI

Good find Newborn! It actually came back at the end.

Check out WEX while you're at it.

[spikefader]

It was a hard day for housing stocks, and a tough day in the markets.

Yes, unless you shorted ER emini at 681.40 and YM emini at 670! Vector was good to me today

SWSI update for anyone interested; the wave count North still valid. From the 'c' highlighted, it seems to have made a 1, 2, and is in a smaller 5th of the 3rd, so I'm looking for the 5 completion in it.

(oh and your question on GOOG bias, I'm bullish on it still).

[New-born baby]

Fear

Here's a chart of investor fear BEFORE Friday's open:

I'll be posting the next fear chart I receive ASAP. I think the 'mild fear' will have given way to full blow fear. Extreme fear happens when Mr. Greenspan speaks.

Meanwhile, I included a picture of me. I'm still long on KBH.

[Runner]

Here's a chart of investor fear BEFORE Friday's open:

I'll be posting the next fear chart I receive ASAP. I think the 'mild fear' will have given way to full blow fear. Extreme fear happens when Mr. Greenspan speaks.

Meanwhile, I included a picture of me. I'm still long on KBH.

NB, maybe KHB will give a slight move up tomorrow. I’m looking at the 60 min. chart and notice a possible tweezer bottom has formed not to mention over sold STO. Momo players may have viewed the drop as a possible buying opportunity off the mid 73's. Not sure how much your down, but I hope it bounces near your entry. Or even better past your entry. This is just a intra day look and things can change quickly when looking at smaller time frames, but anyway best luck with it!

[New-born baby]

KBH & BMHC

Thanks, Runner. You're a good friend. Not likely to bounce up to $82 today, IMHO.

Here's a couple of charts:


BHMC:

It seems likely to me that a hard rain is going to fall.

[spikefader]

SWSI update for anyone interested; the wave count North still valid. From the 'c' highlighted, it seems to have made a 1, 2, and is in a smaller 5th of the 3rd, so I'm looking for the 5 completion in it.

Update: It's turned into a great swing trade opportunity, so letting it ride

[New-born baby]

Great trade

Spike,
Nice trade! You forgot to mention another ascending triangle pick for Sunday night . Probably had you too distracted with the home builders. There was a lot of blood and guts to clean up I know.

Home builders didn't bounce much today. $1.30 at the open, but within a half hour it was down to .20 gain, and now showing some red in TOL this afternoon. Not quite sure we are done with the downside just yet.

[New-born baby]

Drut--where are you?

You VPHM addicts: here's a couple of charts for you

Look at this channel touch today:


But before you buy, consider this scenario:

[B.J]

Newborn I see the same thing on VPHM (the SH). Also, I'm taking the channel long with a grain of salt. I'd feel better had it closed more strongly off the low.

[New-born baby]

Good eyes

Newborn I see the same thing on VPHM (the SH). Also, I'm taking the channel long with a grain of salt. I'd feel better had it closed more strongly off the low.

BJ--
Good eyes. You're getting to be as good as Runner (pretty good in my estimation). VPHM has had such a good run that those who have made the $$ off of it tend to fall in love with it. And it would be tempting to jump in without noticing the possibilities. Glad you have your head on about it.

Today was an encouraging day. Those housing stocks had some kind of a bounce at least. But it could just be the formation of a bear flag, too. Similar set up to VPHM.

Best to you always,

[B.J]

Newborn, thanks for the compliment, and I'd like to return it by saying you've been doing some fine charting work here, especially while Spike was absent.

The thing with VPHM is that there are people who think it's automatically going to make an unobstructed run up to 30 by year's end. That'd be great, but as long as stocks exist, stocks will always correct. Actually considering VPHM's monster run-up, it's correction thus far has been somewhat benign.

I'm actually tempted to scoop up a housing stock (TOL and MTH are actually my favorites), but I'd like to see some more support. Today was a good first step.