A few favorites on a Pullback...

In the event of a nice pullback, here are a few of my favorites:

Random:
BEE
DNDN (Pleaaaaase pull back.. Excitement is bubbling, May 1st coming soon!)
HSNI
AAPL at 211.. Fill that gap!
LIWA

Next generation internet/data center plays:
RVBD
CIEN
CSCO... Did you hear about the CRS-3??? Look it up.
RAX
APKT

LED light plays:
AIXG
VECO

Fertilizer Stocks:
POT
MON
SQM (Note: SQM also has 30% worldwide market share of Lithium as well!)

In the (unlikely) event of a breakout and continuation, I like ZANE for another move higher (Look at the 60 minute chart and tell me you don't see the potential breakout.)

I will probably post a bunch of charts on Sunday.

Always remember, you may be right but ...
"The market can remain irrational longer than you can remain solvent." -- John Maynard Keynes

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Watch out for the Top...

I like to watch the Money Flow Index at the WSJ.com... Big money block trades have been selling out of index ETFs in waves all week... more of the same today:

Not to mention, the S&P 500 futures just tagged the exact high from January today (1148).
24 days since the low on Feb. 5th and we have 4 down days (5 if you count Feb. 25th when it was down 0.75)
9 consecutive up days including today.  We are going to have a hell of a down day anytime now.  I'm not proclaiming the end of the bull market but I am however, suggesting a nice pullback.
My initial target is 1115-1110 area which would land the S&P 500 futures on the top of the large consolidation area from November-December 2009.
Second target is around 1090, at the bottom of the same consolidation area and also near the bottom of the large channel starting around April 2009.

Get your shopping lists ready and pray for a pullback to buy all your favorites on the cheap!

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HGSI: 10% pop very soon

HGSI about to breakout.. no time to post chart, as I'm at work... this should be a 10% move (or more)... It's hanging at resistance, begging to BTFO.

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Its been awhile...

The market was melting down for week or so and took my favorites with it.  That's the price to pay for playing with momentum stocks.  I was nervous for a little while, considering we dropped under the 6 month uptrend line for a day or two.  Those fears were put to rest when this week started with two strong advancing days with really strong internals (up volume and advancing issues).  This leads me to believe that the market has hit a bottom and is returning to the upside.

As far as charts go, sometimes you have to make decisions without them.


I like Goldman Sachs a LOT here considering it got massacred during the selloff, even after the unreal earnings it announced.  I think GS will go on a tear here as it tries to makeup lost ground.  It needs to get through some resistance right above current prices but then it should run.  Obama's administration has a lot more bark than bite and scared the big banks for a little while.  The markets seem to have shaken that off.
For the record, the chart also looks good.  GS bounced on a long-term resistance/support line going back to 2006. (I couldn't help myself.. I had to throw something in about the chart.)

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FCS: Strength on Selloff

FCS showed great strength in the face of a 2% selloff for the market today.. The pattern looks great too.

Notice the volume surge after earnings.. I don't even need to read the news to know what happened there!

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