Stocks To Watch For The Week Of 06-29-09:

I was right about APOL - 100% accuracy for this week!

http://www.minyanville.com/articles/xly-apol-apollo-GROUP/index/a/23339/from/yahoo

Stocks To Watch For The Week Of 06-29-09:

06-29
APOL (STRA, ESI, COCO, CECO) & HRB

06-30
SCHN & SNX

07-01
STZ, GIS, LNN & UNF

07-02
AYI, MSM & MXB

07-03
None

1. Stocks in RED - those of you that know the color coding already know that all stocks in RED are expected to swing nicely and provide MONSTER CALL / PUT OPTION PLAY opportunities - these are to be traded after earnings based on all technical signals (e.g. volume, MACD, Bollinger Bands, CCI, RSI, current trend, etc.).

2. Stocks in RED / BOLD and UNDERLINED - these are very good potential strangle / straddle candidates.

3. Stock in YELLOW - these stocks will move based on the action on the preceding stock reports - we know that education stocks for the most part all move together so if APOL reports great / bad earnings and moves up / down, it may move the entire sector with it (i.e. STRA, CECO, COCO, ESI).

Enjoy trading!

For Those Of You That Have Asked Me Where We Go From Here:

I believe that we are still in a long-term bear market. Short-term; retail investors, institutional big boys and money managers in general have taken the market up on short covering, "bargain hunting" and the fact that they have to put cash to work to mimic their respective indexes (for those managers following the indexes).

To answer your question, based on tech signals and the global economic status, we are more inclined to go down from these current levels - specially when you factor in the supply and demand equation.

Just keep in mind that even from the lows of March 09, we did not go up in a single straight line - we also had down days. So going down, we will also have up days that will basically fool some folks...

We will continue to get data that will show a little light at the end of the tunnel; however, the end of the tunnel is very far at this point.

PS. Unemployment cannot continue to go higher with the markets also going higher - these two cannot run in the same direction (it is that simple).

Stocks To Watch For The Week Of 06-22-09:

6-22
FINL & WAG

06-23
AVAV, CRMT, APOG, FUL, JBL, ORCL, SONC, SCS & KR

06-24
BBBY, MON (POT, AUG, SYT, MOS), NKE, PAYX, RHT & RTX

06-25
ACN, JTX, LEN, MKC & TIBX

06-26
AZZ & KBH

Thank God that June is about over in terms on earnings (historically a very slow month). This week, I am two days late posting stocks that may swing nicely for experienced option traders; thus, creating opportunities for MONSTER CALL / PUT OPTION PLAYS.

We have only a few stocks on my RED List for this week - they are: BBBY (which moved very nicely last quarter), MON (which always allows for a chance to make cash every quarter after it reports earnings) and NKE (which also moves nicely after earnings).

1. Stocks in RED - those of you that know the color coding already know that all stocks in RED are expected to swing nicely and provide MONSTER CALL / PUT OPTION PLAY opportunities - these are to be traded after earnings based on all technical signals (e.g. volume, MACD, Bollinger Bands, CCI, RSI, current trend, etc.).

2. Stocks in RED / BOLD and UNDERLINED - these are very good potential strangle / straddle candidates.

3. Stock in YELLOW - these stocks will move based on the action on the preceding stock reports - we know that agriculture stocks for the most part all move together so if MON reports great / bad earnings and moves up / down, it may move the entire sector with it (i.e. POT, AUG, SYT & MOS).

Special note from last week: I have added RTP to my permanent strangle / straddle candidate list so that I can study and watch it daily. I've noticed that RTP opens up or down between 12 to 20.00USD easily just about everyday folks - this is all we need to make easy money! I will continue to watch the stock to provide a recommendation at a later time...

It is time to start accumulating RTP between 156.00 and 144.00USD and trade as appropriate. For longer term buyers - back up the truck between 120.00 and 110.00USD.

Enjoy trading!

I Said All Major Indexes Were Overbought On 06-14-09 (see my previous post):

On 06-12-09, all three major indexes: DOW, NASDAQ and S&P500 closed as follows:

DOW -
Date Open High Low Close Volume
12-Jun-09 8,770.01 8,850.95 8,671.61 8,799.26 4,528,120,000

NASDAQ -
Date Open High Low Close Volume
12-Jun-09 1,852.43 1,858.80 1,833.39 1,858.80 2,013,560,000

S&P500 -
Date Open High Low Close Volume
12-Jun-09 943.44 946.30 935.66 946.21 4,528,120,000

I guess that an expert is also agreeing with my 06-14-09 opinion - see link below:

http://finance.yahoo.com/tech-ticker/article/267617/He-Called-the-2007-Top-and-Recent-Rally-Now-Charles-Nenner-Sees-Trouble-Ahead-for-Stocks?tickers=%5EDJI,%5Egspc,%5EIXIC?sec=topStories&pos=9&asset=&ccode=

Of course, the expert is more than a few days late. And I wonder how much this guy was getting paid for those 12 years market timing for Goldman? I guess Goldman can read my market opinions for free on my blog - I know, I know, most folks view free market opinions and timing as garbage information. The notion that some regular / average guys (like me) can buy and sell stocks by timing the markets based on technical analysis is still not a common view that most Wall Street insiders are willing to accept - that's too bad...

Yes, the average Joe the trader, can do exactly the same thing that those overpaid guys do in Wall Street for firms like Goldman and be just as good or better. The problem is that the word "FREE" scares most folks. Most people rather pay for their "complex" market timing reports and analysis because if I pay big cash for it; it must be good, right? - market opinions and timing cannot be free. Well I guess that I am going to start charging then. Not really, my opinions are still FREE for now.

"Buy High and Sell Low(1)" is still the best simple market rule out there and it rocks! Or "Buy Low and Sell High(2)" - It all depends on which side of the trade you are... In this case, (1) was the prudent trade since we were buying PUTS...

Enjoy trading!

RIMM - Just Wanted To Share This Article...

The option player with the strangle strategy represents exactly what we do for a living:

http://www.minyanville.com/articles/rimm-earnings-profit-SHARES-CALLS-condor/index/a/23174/from/yahoo

Enjoy trading!

All Major Indexes Continue To Be Overbought...

All major indexes continue to be overbought and expensive at these levels. The S&P 500 which is a more realistic measure of how things are doing today is at a little over 15X earnings; thus, a little over my comfort line to continue to buy stocks... If we do not get positive news in the upcoming weeks and the next earnings season is bad, we are headed down and hard. Let's see what happens - at this point, most money managers have built a strong cash position and only retail investors continue to push the markets higher. Folks, CASH is still KING!

Stocks To Watch For The Week Of 06-15-09

06-15
LZB

06-16
ADBE, BBY, FDS & SFD

06-17
ATU, CLC, FDX, IHS & SMTS

06-18
CCL, SJM, PIR, PRGS, RIMM (AAPL, PALM) & WGO

06-19
KMX

Again, June is typically a very slow month in terms of earnings - next earnings season is in July when high beta stocks report their earnings (i.e. GOOG, ISRG). I only see four stocks that qualify for our RED LIST this week; they are: ADBE, BBY, FDX and KMX. Like I said last week our opportunity to make tons of cash this week is with RIMM - this stock is definitely a strangle / straddle candidate; just five bucks all around the close price of 06-18-09. A major word of caution, this move will not be for the faint of heart if you buy June options (this trade is only for very experienced option traders).

1. Stocks in RED - those of you that know the color coding already know that all stocks in RED are expected to swing nicely and provide MONSTER CALL / PUT OPTION PLAY opportunities - these are to be traded after earnings based on all technical signals (e.g. volume, MACD, Bollinger Bands, CCI, RSI, current trend, etc.).

2. Stocks in RED / BOLD and UNDERLINED - these are very good potential strangle / straddle candidates.

3. Stock in YELLOW - these stocks will move based on the action on the preceding stock reports - we know that smart phone players for the most part all move together so if RIMM reports great / bad earnings and moves up / down, it may move all smart phone stocks with it (including AAPL & PALM).

Special note: I have added RTP to my permanent strangle / straddle candidate list so that I can study and watch it daily. I've noticed that RTP opens up or down between 12 to 20.00USD easily just about everyday folks - this is all we need to make easy money! I will continue to watch the stock to provide a recommendation at a later time... Stay tuned!

Enjoy trading!

Stocks To Watch For The Week Of 06-08-09

06-08
BTH, FCEL, PLL, ZQK

06-09
KFY, MOV, NCS, OXM, PBY, SHFL, SINA (CTRP, BIDU, NTES, SNDA), TLB, TITN

06-10
SEH, VOL

06-11
LULU, RGEN, SCHS

06-12
None

June is typically a very slow month in terms of earnings - next earnings season is in July when high beta stocks report their earnings (i.e. GOOG, ISRG). I only see one stock that qualifies for our RED LIST this week; that is, SINA. However, we will have a nice opportunity to make some nice cash with RIMM on 06-18-09 - this stock is definitely a strangle / straddle candidate; just five bucks all around the close price of 06-18-09. Just a major word of caution, this move will not be for the faint of heart if you buy June options (this trade is only for very experienced option traders).

1. Stocks in RED - those of you that know the color coding already know that all stocks in RED are expected to swing nicely and provide MONSTER CALL / PUT OPTION PLAY opportunities - these are to be traded after earnings based on all technical signals (e.g. volume, MACD, Bollinger Bands, CCI, RSI, current trend, etc.).

2. Stocks in RED / BOLD and UNDERLINED - these are very good potential strangle / straddle candidates.

3. Stock in YELLOW - these stocks will move based on the action on the preceding stock reports - we know that Chinese stocks for the most part all move together so if SINA reports great / bad earnings and moves up / down, it may move all Chinese stocks with it (including CTRP, BIDU, NTES, SNDA).

Enjoy trading!