Action Points

Index Watch for November 16, 2009:

2009-11-14T11:32:00.004-06:00

Thoughts....

2009-10-25T09:46:00.003-05:00

The Index Watch, Weekend Review and the Trading Spreadsheet are complete and posted. As far as the market is concerned, the charts suggest a short term top is near (1120 - 1125 area). Once we get there, I think we'll back and fill for a month or so (downside risk in the 1075 to 1050 area) before exploding to the upside with a target in the 1300 - 1350 area.

Index Watch for October 26, 2009:

2009-10-25T02:50:00.002-05:00

Review for Week of October 26, 2009:

2009-10-24T21:33:00.006-05:00

Breakout Setups
(Click on Symbol for Annotated Chart)

AHD Atlas Pipeline Holdings
NYX NYSE Euronext
JEC Jacobs Engineering
SUNV Sunovia Energy
APL Atlas Pipeline Partners
VM Virgin Mobile
XTXI Crosstex Energy
CEP Constellation Energy
DRYS Dry Ships
SGMS Scientific Games
SIMO Silcon Motion
IO ION Geophysical
HERO Hercules Offshore
ERES eResearch Technology
LOPE Grand Canyon Education
SB Safe Bulkers
SKIL SkillSoft
PNSN Penson Worldwide
CENX Century Aluminum
PCX Patriot Coal
TESO Tesco
TWI Titan Intl
EXM Excel Maritime Carriers
FLOW Flow Intl
PRGN Paragon Shipping
CFX Colfax
QRCP Quest Resource
SD Sandridge Energy
TBSI TBSI Intl
QMM Quaterra Resources
ACAS American Capital
KHD KHD Humboldt Wedag
AKRX Akorn
PRXI Premier Exhibitions
OME Omega Protein
GMXR GMX Resources
DMAN DemandTec
CDII China Direct Industries
LYG Lloyds Group
HALO Halozyme Therapeutics
IMN Imation
KDE 4Kids Entertainment
ULTR Ultrapetrol
URRE Uranium Resources
PEIX Pacific Ethanol
GKK Gramercy Capital
CPE Callon Petroleum
NM Navios Maritime
CWST Casella Waste
PINN Pinnacle Gas
KND Kindred Healthcare
KOOL Thermogenesis
KRG Kite Realty Group
CCTR China Crescent
EGT Elixir Gaming
HW Headwaters
MMPIQ Meruelo Maddux Properties
GNH Global Energy Holdings
CXZ Crosshair Exploration & Mining

Long Setups
(Click on Symbol for Annotated Chart)

MPEL Melco PBL Entertainment
NDAQ Nasdaq OMX Group
AMR AMR Corp
DAL Delta Airlines
UTEK Ultratech
OPXT Opnext
APAC APAC Customer Services
AAI AirTran Holdings
CETV Central European Media
NPP Nippon Telephone
OMNI Omni Energy
CGX Consolidated Graphics
LIOX Lionbridge Technologies
LF Leap Frog
ALJ Alon USA Energy
GTLS Chart Industries
CTFO China TransInfo
AMD Advanced Micro Devices
MI Marshall & Isley
CNXT Conexant Systems
ERTS Electronic Arts
FCE/A Forrest City
HYTM Hythiam
PETD Petroleum Development
PNX Phoenix Cos
SMOD SMART Modular
SPWRA SunPower
ABK Ambak Financial
AHR Anthracite Financial
AIB Allied Irish Banks
AIMC Altra Holdings
AMFI Amcor Financial
AMLN Amylin Pharma
AXL American Axle
BEE Strategic Hotel & Resorts
BPHX BluePhoenix Solutions
CCO Clear Channel
CPX Complete Production Services
EMKR Emkore
HL Hecla Mining
LAVA Magma Design
MBI MBIA
SIMG Silicon Image
TMR Meridian Resources
TOMO Tomo Therapy
TSCM TheStreet.com
WRES Warren Resources

ETF Setups
(Click on Symbol for Annotated Chart)

RTH Retail Holders (S)
DIG ProShares Ultra Oil & Gas (L)
DXD ProShares UltraShort Dow 30 (L)
EEM iShares Emerging Markets (S)
IXC iShares Global Energy (S)
IYR iShares Real Estate (S)

Short Setups
(Click on Symbol for Annotated Chart)

Technology:
ACS Affiliated Computer
ADBE Adobe
ADSK Autodesk
ADTN ADTRAN
AMKR Amkor Technology
AMX American Movil
APSG Applied Signal
BMC BMC Software
BCSI Blue Coat Systems
CNQR Concur Technologies
CPHD Cepheid
CSIQ Canadian Solar
CTV Commscope
DNEX Dionex
FISV Fiserv
JNPR Juniper Networks
LOGI Logitech
MCRS Micros Systems
MIL Millipore
MSCC Microsemi
SOHU Sohu.com
TMO Thermo Fisher
TSL Trina Solar

Biotech:
ACL Alcon
AGN Allergan
ALXN Alexion Pharma
AZN Astrazenaca
CHSI Catalyst Health
DVA DaVita
HLF Herbalife
HMSY Health Management
HSIC Henry Schein
HSP Hospira
IMA Inverness Medical Technology
JNJ Johnson & Johnson
LH Laboratory Amer
LIFE Life Technologies
TECH Techne

Materials:
ABX Barrick Gold
ACH Aluminum Corp of China
BVN Companhia de Minas
CCJ Cameco
CMC Commercial Metals
GFI Goldfields
GG Goldcorp
GOLD Randgold Resources
IVN Ivanhoe Mines
NEM Newmont Mining

Industrial:
CAT Caterpillar
DE Deere & Co
GR Goodrich
ITT ITT Industries
KMT Kennametal
MDU MDU Resource
PCP Precision Castparts
SEE Sealed Air

Oil & Gas:
CEO China National Offshore
CLB Core Labs
ETP Energy Transfer Partners
HAL Halliburton
HK Petrohawk Energy
TPP Teppco Partners

Retail:
BBY Best Buy
BKE Buckle
CAB Cabela's
COST Costco
DKS Dick's Sporting Goods
GYMB Gymboree

Consumer Goods:
DECK Deckers Outdoor
EBF Ennis Business Forms
K Kellog
KMB Kimberly Clark
PCAR PACCAR
PEP Pepsico
RAI Reynolds American

Finance:
TROW T. Rowe Price
EV Eaton Vance
FAF First American
ITUB Itau Unibanco
JLL Jones Lang Lasalle
SF Stifel Financial

Other:
BWLD Buffalo Wild Wings
CAKE Cheesecake Factory
CVC Cablevison Systems
DLR Digital Realty
MCD McDonalds
MMM 3M
PPG PPG Industries
RYN Rayonier
WAB Wabtec

Index Watch for October 19, 2009:

2009-10-18T07:58:00.004-05:00

S&P 500 Index ($SPX) -- On the Daily Chart, the next area of resistance will be in the 1120 - 1125 area. The first area of support to be aware of is 1060, the lower trendline in the wedge. I think we're going to test the lower part of the wedge (at a minimum) or the 50 MA until we make a run for the 1120 - 1125 area. Even though I think we're going to be much higher in 10 months, I think that will mark an intermediate term top and the correction everyone has expected will occur. This Daily Chart of the index should be kept overhead for those who like to short the market. Until the 8 MA goes under the 50 MA, it's going to be difficult to stay the course with anything more than a day or three. Once they do cross, I'll be more aggressive going short on rallies to resistance. As my Bull / Bear chart illustrates, we are clearly in a Bull Market.

Dow Industrials ($INDU) -- The intermediate term target on the Daily Chart is at the upper trendline in the Rising Wedge that began in March 2009, currently at 10,200. A move to the 50 MA and possibly the lower trendline could occur before we make a run for it.

Bank Index ($BKX) -- The Weekly Chart still has clear resistance at 50.00 with support at 44.00.

Dow Transports ($TRAN) -- A run to the 4300 - 4350 area on the Weekly Chart is likely before a meaningful correction occurs.

Crude Oil Index ($WTIC) -- Crude has broken out on the Weekly Chart and measures to $88.00. Initial support is located at $74.00.

Oil Services Index ($OSX) -- A move to 220 - 230 is likely on the Monthly Chart before it runs into resistance.

Gold Bugs Index ($HUI) -- The miners and gold have obviously broken out. The next areas of resistance on the Weekly Chart are at 460 and 520.

US Dollar Index ($USD) -- The greenback could potentially pop here, but I think the destruction will continue until it reaches the 74.00 area on the Weekly Chart.

Review for Week of October 19, 2009:

2009-10-17T20:35:00.009-05:00

Breakout Setups
(Click on Symbol for Annotated Chart)

LOPE Grand Canyon Education
NYX NYSE Euronext
ACAS American Capital
APL Atlas Pipeline Partners
DPDW Deep Down
OME Omega Protein
XTXI Crosstex Energy
VM Virgin Mobile USA
PCX Patriot Coal
CEP Constellation Energy Partners
AHD Atlas Pipeline Holdings
SD Sandridge Energy
SIMO Silicon Motion Technology
GMXR GMX Resources
AKRX Akorn
QMM Quaterra Resources
IO ION Geophysical
DAKT Daktonics
KRG Kite Realty
AVID Avid Technology
DRYS Dry Ships
HALO Halozyme Therapeutics
IMN Imation
TIVO TiVo
ERES eResearch Technology
QRCP Quest Resource
MMPIQ Meruelo Maddux Properties
FLOW Flow Intl
AEHR Aehr Test Systems
WRES Warren Resources
KHD KHD Humboldt Wedag
AMCN AirMedia
AERG Applied Energetics
SKIL SkillSoft
PEIX Pacific Ethanol
PINN Pinnacle Gas Resources
PRXI Premier Exhibitions
CPE Callon Petroleum
CXZ Crosshair Exploration & Mining
ABK Ambak Financial
AHR Anthracite Capt
AI Arlington Asset Investment
ALXA Alexza Pharma
ANR Alpha Natural Resources
CDII China Direct Industries
CENX Century Aluminum
CFX Colfax
DBLE Double Eagle Petroleum
DLIA Delia's
DMAN DemandTec
DRL Doral Financial
EGT Elixir Gaming
EMKR EMKORE
EXM Excel Maritime Carriers
FR First Industrial
FTK Flotek
GKK Gramercy Capital
GNH Global Energy Holdings
GPXM Golden Phoenix Minerals
GRT Glimcher Realty Trust
HERO Hercules Offshore
INAP InterNap Network
KDE 4Kids Entertainment
KND Kindred Healthcare
KOOL Thermogenesis
MGM MGM Mirage
MVG MAG Silver
NM Navios Maritime Holdings
RF Regions Financial
SB Safe Bulkers
SII Smith Intl
SPWRA SunPower
TBSI TBSI Intl
TWI Titan Intl
ULTR Ultrapetrol
URRE Uranium Resources

Long Setups
(Click on Symbol for Annotated Chart)

ALJ Alon USA Energy
AMIE Ambassadors Intl
PETD Petroleum Development
AXL American Axle
EK Eastman Kodak
AMD Advanced Micro Devices
CNXT Conexant
GTLS Chart Industries
AIB Allied Irish Banks
AIMC Altra Holdings
PMI PMI Group
PNX Phoenix Cos
QTWW Quantum Fuel Systems
BPHX BluePhoenix Solutions
CAEI China Architectural
CCO Clear Channel
GMET GeoMet
CPSL China Precision Steel
CPX Complete Production Services
CRTX Critical Therapeutics
CTIC Cell Therapeutics
JMBA Jamba
LAVA Magma Design
CWST Casella Waste

ETF Setups
(Click on Symbol for Annotated Chart)

RTH Retail Holders (S)
DXD ProShares UltraShort Dow 30 (L)
EEM iShares Emerging Markets (S)
KRE Regional Banking Index ETF (L)
OIH Oil Services Holders (S)
PBW PowerShares Clean Energy (L)

Short Setups
(Click on Symbol for Annotated Chart)

Technology:
CNQR Concur Technologies
DLB Dolby Labs
CRNT Ceragon Networks
GOOG Google
CTV Commscope
BMC BMC Software
ADSK Autodesk
CSIQ Canadian Solar
MICC Millicom Intl
MIL Millipore
RSTI Rofin-Sinar
CYBS Cybersource
CPHD Cepheid
KNOL Knology
LOGI Logitech
FISV Fiserv
GLW Corning
VSEA Varian Semiconductor
JNPR Juniper Networks
AMKR Amkor Technology
APSG Applied Signal
BIDU Baidu

Restaurants:
BWLD Buffalo Wild Wings
CAKE Cheesecake Factory
CMG Chipotle Mexican Grill
MCD McDonalds
PFCB P.F. Changs China Bistro

Retail:
BKE Buckle
COST Costco
DKS Dick's Sporting Goods
GYMB Gymboree
ORLY O'Reilly Automotive
LTD Limited
NFLX Netflix
NRGY Inergy
AN Autonation
BBY Best Buy
PETS PetMed Express
SHOO Steven Madden
SPLS Staples

Materials:
ABX Barrick Gold
GOLD Randgold Resources
ACH Aluminum Corp of China
AEM Agnico Eagle Mines
BVN Compania de Minas
GFI Gold Fields
IFF Intl Flavors & Fragrances
IVN Ivanhoe Mines
NEM Newmont Mining
SSRI Silver Standard Resources
GG Goldcorp

Financials:
EV Eaton Vance
JEF Jefferies Group
JLL Jones Lange Lasalle
PHH PHH Corp
PJC Piper Jaffrey
GHL Greenhill & Co
ITUB Itau Unibanco

Biotech & Health:
ALXN Alexion Pharma
CHSI Catalyst Health Solutions
DVA DaVita
JNJ Johnson & Johnson
EW Edwards Lifesciences
LIFE Life Technologies
NUVA NuVasive
HSIC Henry Schein
HSP Hospira
IMA Inverness Medical Technology
AZN Astrazenaca

Consumer Goods:
BDK Black & Decker
PEP Pepsico
PTV Pactiv
RAI Reynolds American
EBF Ennis Business Forms
GMCR Green Mountain Coffee
HAS Hasbro
BG Bunge
CCK Crown Holdings
CLX Clorox
CSTR Coinstar
KMB Kimberly Clark
PM Philip Morris

Industrial:
CMCO Columbus McKinnon
GR Goodrich
ITT ITT Industries
PCP Precision Castparts
SEE Sealed Air

Oil & Gas:
ETP Energy Transfer
HAL Halliburton
NXY Nexen
STO StatoilHyrdro
TPP Teppco Partners
XEC Cimarex Energy

Other:
AGU Agrium
CF CF Industries Holdings
CVC Cablevision Systems
DLR Digital Realty
HGG HHGregg
MDP Meredith
MMM 3M
NNN National Retail Properties
PPG PPG Industries
SKT Tanger Factory Outlet
TEG Integrys Energy
TJX TJX Corp

Thoughts.....

2009-09-20T12:44:00.003-05:00

The Index Watch, Weekend Review and the Trading Spreadsheet are complete. I didnt' have the time or energy to update the short setups. On another note, there are multiple entry points on many of the breakout and longs that I don't list on the spreadsheet so it might not be a terrible idea to look over them individually.

Index Watch for September 21, 2009:

2009-09-20T12:04:00.002-05:00

Review for Week of September 21, 2009:

2009-09-20T09:19:00.006-05:00

Breakout Setups
(Click on Symbol for Annotated Chart)

AHII Animal Health Intl
ANGO AngioDynamics
TIVO TiVo
VM Virgin Mobile
CHB Champion Enterprises
DRYS Dry Ships
BQI Oilsands Quest
SPWRA SunPower
SRZ Sunrise Senior Living
THRX Theravance
CWST Casella Waste Systems
QRCP Quest Resource
BXG Bluegreen
XTEX Crosstex Energy Gp
CNOA China Organic Agriculture
CENX Century Aluminum
GBE Grubb & Elllis
PTEC Phoenix Technologies
IO ION Geophysical
XTXI Crosstex Energy
TSCM Thestreet.com
ULTR Ultrapetrol
LYG Lloyds TSB Group
MTRX Matrix Service
MGM MGM Mirage
SB Safe Bulkers
SII Smith Intl
SIMG Silicon Image
SIMO Silicon Motion Technology
QMM Quaterra Resources
GMXR GMX Resources
GPXM Golden Phoenix Minerals
URRE Uranium Resources
VLO Valero Energy
IMYN Immunosyn
GNH Global Energy
PETD Petroleum Development
APAC APAC Customer Services
OCNF OceanFreight
CPSL China Precision Steel
PRXI Premier Exhibitions
EGT Elixir Gaming
HALO Halozyme Therapeutics
IMOS ChipMOS Technologies
PLA Playboy Enterprises
PNX Phoenix Cos
OME Omega Protein
PEIX Pacific Ethanol
AURD Accuride
NEON Neonode
MMPQE Meruelo Maddux Properties
ABK Ambak
MBI MBIA Inc
FARO FARO Technologies
AKRX Akorn
FCSX FCStone Group
ACAS American Capital
ANR Alpha Natural Resources
APDN Applied DNA Sciences
MPG Maguire Properties
EMKR EMCORE
ERES eResearch Technology
AWC Alumina
ACMR A.C. Moore Arts & Crafts
AERG Applied Energetics
AFN Alesco Financial
AHD Atlas Pipeline Holdings
AMCN AirMedia
APL Atlas Pipeline Partners
ARP American Reprographics
ARWR Arrowhead
BGP Borders Group
BOLT Bolt Technology
CCO Clear Channel
CEP Constellation Energy
CFX Colfax
CLNH Centerline Holding
CMZ Compton Petroleum
COGT Cogent
COSI Cosi
CPE Callon Petroleum
CT Capital Trust
CTIC Cell Therapeutics
DIVX DivX
DLIA Delia's
DMAN DemandTec
DYN Dynergy
EPEX Edge Petroleum
EVII EV Innovations
FLOW Flow Intl
FMD Firts Marblehead
FR First Industrial Realty
FSNN Fusion Tele
FTK Flotek
GAP Great Atlantic & Pac Tea
GMET GeoMet
GTLS Chart Industries
GU Gushan Environmental
GUID Guidance Software
HCKT Hacket Group
HNT Health Net
HSWI HSW Intl
HW Headwaters
IBCP Independent Bank
IDGG Indigo-Energy
IKAN Ikanos
INAP InterNAP Network
JASO JA Solar
KND Kindred Healthcare
KOOL Thermogenesis
LAVA Magma Design
LCAV LCA-Vision
LIZ Liz Claiborne
MITI Micromet
MNTA Momenta Pharma
NEWS NewStar Financial
NFP National Financial Partners
NLST NetList
ORBC ORBCOMM
PINN Pinnacle Gas
RAIL FreightCar America
RAMS Aries Maritime
SD Sandridge Energy
SKIL SkillSoft
SRI Stoneridge
TBSI TBS Intl
TGIC Triad Guaranty
TWI Titan Intl
WTI W&T Offshore

Long Setups
(Click on Symbol for Annotated Chart)

EK Eastman Kodak
AXAS Abraxas Petroleum
ICO Intl Coal Group
CSUN China Sunergy
NM Navios Maritime
ERTS Electronic Arts
LDK LDK Solar
HERO Hercules Offshore
HLCS Helicos Biosciences
FMCN Focus Media Holdings
DAL Delta Airlines
PNSN Penson Worldwide
AMLN Amylin Pharma
HL Hecla Mining
JMBA Jamba
KHD KHD Humboldt
KRG Kite Realty Group
GA Giant Interactive
GBCI Glacier Bancorp
BBEP BreitBurn Energy
NPO EnPro Industries
BEE Strategic Hotel & Resorts
CNO Conseco
CPX Complete Production Services
BTU Peabody Energy
ALY Allis Chalmers
ELN Elan
CAEI China Architectural
CDII China Direct Industries
CLF Cliffs Natural Resources
ESEA Euroseas
EXM Excel Maritime Carriers
HOV Hovnanian Enterprises
MMR McMoran Exploraton
NGS Natural Gas Services
OMNI OMNI Energy
PCX Patriot Coal
PRGN Paragon Shipping
SGMS Scientific Games
SOLF Solarfun Power
SUPG SuperGen
TEX Terex
TONE TierOne
VGZ Vista Gold
VLCM Volcom
VVI Viad
WRES Warren Resources
XING Xiao Xing Telephone

ETF Setups
(Click on Symbol for Annotated Chart)

DIG ProShares Ultra Oil & Gas
OIL iPath Crude Oil
UYG ProShrares Ultra Financials

Thoughts....

2009-09-14T16:38:00.002-05:00

I wanted to update the S&P 500. We are at (near) significant resistance levels across multiple time frames, and I think a pullback is likely sometime in the near future. From an objective and Risk vs Reward standpoint, the smart money is scaling out of or tightening up open long positions. If the levels I've identified on the Daily and Monthly are taken out this week, I'll have to amend my thoughts.

If I come across anything new tonight not posted over the weekend, I'll edit this post.

Index Watch for September 15, 2009:

2009-09-14T16:28:00.000-05:00

Thoughts....

2009-09-13T09:58:00.006-05:00

The Index Watch, Weekend Review and the Trading Spreadsheet are complete and posted. Regardless what occurs this week, we have an abundance of objective setups to watch.

Post Edit (Sunday Night):
I was scrolling over some longer term charts and thought this would interest those who haven't seen it. This is a Monthly Chart of the S&P 500 that dates back to 1928. As we can see, the price is currently at the "under belly" of a trendline that I think will offer significant resistance. Here is the same Monthly Chart, but I've provided a closer look. I also thought some would be interested in the Monthly Chart of the Gold & Silver Index.

Index Watch for September 14, 2009:

2009-09-12T16:20:00.003-05:00

Index Charts

S&P 500 Index ($SPX) -- We are nearing the upper trendline in the Wedge on the Daily Chart. It's managed to hold the price down for the past couple of months. A push over suggests a move to the 1080 area. On the Weekly Chart, we are very close to important intermediate term resistance levels. I think a sustained push over in the short term is unlikely to occur. If a pullback does occur in the next day or three, I'll keep this Chart overhead.

Nasdaq 100 Index ($NDX) -- I'm struggling to find much to draw on the Daily Chart. I've included a possible mini Broad Pattern, but it's not going to require much of an effort to negate it. On the Weekly Chart, it easily knifed through an area where I felt it would struggle at. However, it's sometimes common to "temporarily" punch over before reversing.

Russell 2000 Index ($RUT) -- On the Weekly Chart, the key areas of resistance are 620 and 665. I expect it reach either one or both by the middle of October.

Bank Index ($BKX) -- On the Weekly Chart, support is at 43.75 and 41.00 with resistance at 50.

Dow Transport Index ($TRAN) -- The Weekly Chart is showing no signs of weakness. On the Monthly Chart, there will be significant resistance in the 4300 - 4400 area. I suspect this level could be tested sometime in October and certainly by August 2010.

Crude Oil Index ($WTIC) -- We are once again nearing trendline support on the Daily Chart. It weakens after each test. A failure suggests a move to $55.00.

Semiconductor Index ($SOX) -- On the Weekly Chart, we are nearing the first significant cluster of resistance since the October 2008 lows.

U.S. Dollar Index ($USD) -- Everyone one is expecting the greenback to bounce once it reaches the lower trendline in the Bullish Wedge on the Daily Chart . In my opinion, the Weekly Chart offers the better view. I think the Bull Wedge is going to bust and we're going to test trendline support in the Triangle. I also have a Monthly Chart of the Australian Dollar for the currency traders.

Sentiment & Ratio Charts

Bull Market vs Bear Market -- The Weekly Chart confirms the bulls are in control.

NYSE Bullish Percent Index ($BPNYA) -- The Weekly Chart is updated.

NYSE % Stocks Above 200 MA ($NYA200) -- The Weekly Chart is updated.

Gold & Euro Ratio -- The Weekly Chart is updated.

Nasdaq 100 & Bond Fund Ratio -- The Daily Chart is updated.

Review for Week of September 14, 2009:

2009-09-12T11:19:00.008-05:00

Breakout Setups
(Click on Symbol for Annotated Chart)

ANGO AngioDynamics
AKRX Akorn
APAC APAC Customer Services
AXAS Abraxas Petroleum
CPE Callon Petroleum
FARO FARO Technologies
TIVO TiVo
VM Virgin Mobile
FST Forest Oil
PCX Patriot Coal
SKIL SkillSoft
SB Safe Bulkers
PEIX Pacific Ethanol
RUTH Ruth Chris Steak House
VVI Viad
PINN Pinnacle Gas Resources
HERO Hercules Offshore
PNSN Penson Worldwide
HSTX Harris Stratex Networks
ICO Intl Coal Group
IO ION Geophysical
TSCM TheStreet.com
MCHX Marchex
CNOA China Organic Agriculture
XTEX Crosstex Energy
BXG Bluegreen
SD Sandridge Energy
PLLL Parallel Petroleum
FMCN Focus Media
CENX Century Aluminum
ES Energy Solutions
MITI Micromet
GA Giant Interactive Group
CFX Colfax
HCKT Hackett Group
COGT Cogent
CRNT Ceragon Networks
RAMS Aries Maritime
UTSI UTStarcom
SGI Silicon Graphics
RT Ruby Tuesday
DRYS Dry Ships
EMKR EMKOR Corp
ENZ Enzo BioChem
FCSX FCStone Group
FSN Fusion Telecommunications
ABK Ambak Financial
ACI Arch Coal
ACMR A.C. Moore Arts & Crafts
AHII Animal Health Intl
AIZ Assurant
GTLS Chart Industries
BEE Strategic Hotel & Resorts
BOLT Bolt Technology
CGLD Capital Gold
ZOLL ZOLL Medical
CLF Cliffs Natural Resources
ANR Alpha Natural Resources
GMET GeoMet
KHD KHD Humboldt Wedag
KND Kindred Healthcare
KOOL Thermogenesis
MBI MBIA Inc
NGS Natural Gas Services
NPO EnPro Industries
PNX Phoenix Cos
SIMO Silicon Motion Technology
SPR Spirit AeroSystems
SRI Stoneridge
SRZ Sunrise Senior Living
SUPG SuperGen
TBSI TBSI Intl
TEX Terex
TWI Titan Intl
WTI W&T Offshore
AFN Alesco Financial
AI Arlington Asset Investment
ALXA Alexza Pharma
ALY Allis Chambers
AMB AMB Property
AMCN AirMedia
ARP American Reprographics
ARTG Art Technology
AWC Alumina
BDC Belden
BGP Borders Group
BIDZ Bidz.com
BZH Beazer Homes
CCO Clear Channel Outdoor
CCTR China Crescent
CEP Constellation Energy
CLNH Centerline Holdings
CNO Conseco
CT Capital Trust
CTIC Cell Therapeutics
DLIA Delia's
DMAN DemandTec
DYN Dynergy
EHTH eHeatlh
EMAN eMagin
EPEX Edge Petroleum
ERES eResearch Technology
EVII EV Innovations
FLOW Flow Intl
FMD First Marblehead
FR First Industrial Realty
GAP Great Atlantic Tea
GUID Guidance Software
HNT Health Net
HSWI HSW Intl
HW Headwaters
IBCP Independent Bank
IKAN Ikanos
INAP InterNap Tech
INTT inTest
JMBA Jamba
KIM Kimco Realty
LAVA Magma Design
LCAV LCA-Vision
LVS Las Vegas Sands
LXRX Lexicon Pharma
LYG Lloyds TSB
MNTA Momenta Pharma
MVG MAG Silver
MWA Muellar Water Products
NFP National Financial Partners
NLST Netlist
PEI Pennsylvania REIT
PTSC Patriot Scientific
RAIL FreightCar America
RX IMX Health
SIGM Sigma Designs
SONS Sonus Networks
SUNV Sunovia Energy Technologies
SYMX Synthesis Energy
TMR Meridian Res
TPGI Thomas Properties
ULTR Ultrapetrol

Long Setups
(Click on Symbol for Annotated Chart)

LDK LDK Solar
AMR AMR Corp
XTXI Crosstex Energy
CGX Consolidated Graphics
CHINA CDC Corp
PRGN Paragon Shipping
SOLF Solarfun Power
LF LeapFrog Enterprises
HOV Hovnanian Enterprises
IRE Ireland Governor
CDII China Direct
LSE CapLease
OMNI OMNI Energy
PFAP Pacific Asia Petroleum
AHD Atlas Pipeline Holdings
GRVY Gravity
ALJ Alon USA Energy
AMLN Amylin Pharma
APL Atals Pipeline Partners
ASIA Asianinfo
BPHX BluePhoenix Solutions
CAEI China Architectural
CMZ Compton Petroleum
DAKT Daktronics
DDR Developers Diversified RE
DIVX DivX
ELN Elan
ESEA Euroseas
EXM Excel Maritime
FTK Flotec
GU Gushan Environmental
HLCS Helicos BioSciences
JRCC James River Coal
JSDA Jones Soda
TASR TASER Intl
TESO Tesco
TRID Trident Microsystems
VISN VisionChina Media
XJT ExpressJet

ETF Setups
(Click on Symbol for Annotated Chart)

IWM iShares Russell 2000
DIG ProShares Ultra Oil & Gas
FXI iShares China
EPP iShares Japan
IYR iShares Real Estate
OIL iPath Crude Oil
GDX Market Vectors Gold Miners
SLV iShares Silver
HYG iShares High Yield Corporate Bonds
IAT iShares U.S. Regional Banks
SSG ProShares UltraShort Semiconductors
FXE Currency Shares Euro
FXY Currency Shares Japanese Yen

Short Setups
(Click on Symbol for Annotated Chart)

Technology:
ADBE Adobe (Daily Chart)
ADI Analog Devices
ADTN ADTRAN
AMKR Amkor Technology
AMZN Amazon.com
ARRS Arris Group
BMC BMC Software
CCI Crown Castle
CHA China Telecom
CNQR Concur Technologies
CSIQ Canadian Solar
DIOD Diodes
DLB Dolby Labs
EXPE Expedia
FISV Fiserv
GLW Corning
JNPR Juniper Networks
LOGI Logitech
MICC Millicom Intl Cellular
MIL Millipore
MTD Mettler Toledo
NATI National Instruments
SBAC SBA Communications
SINA Sina.com
TMO Thermo Fisher Scientific
VSEA Varian Semi

Biotech & Health:
AGN Allergan
ALXN Alexion Pharma
BDX Beckton Dickinson
CERN Cerner
HLF Herbalife
HRC Hill-Rom Holdings
HSIC Henry Schein
HSP Hospira
IDXX IDEXX Labs
IMA Inverness Medical Technology
JNJ Johnson & Johnson
LIFE Life Technologies
MDRX Allscripts
MDVN Medivation
NUVA NuVasive
PRGO Perrigo
PSYS Psychiatric Solutions
RDY Dr. Reddy's Labs (Weekly Chart)
SNY Sanofi-Aventis
STJ St. Jude Medical
TECH Techne
VRTX Vertex Pharma

Materials:
ABX Barrick Gold
AEM Agnico Eagle Mines
AU Anglogold Ashanti
CBT Cabot
FMC FMC Corp
GFI Gold Fields
GG Goldcorp
GOLD Randgold Resources
IFF Intl Flavors & Fragrances
IVN Ivanhoe Mines
LIHR Lihir Gold
NEM Newmont Mining
NEU NewMarket
PAAS Pan American Silver
RS Reliance Steel
SSRI Silver Standard Resources

Finance:
ACF Americredit
AMG Affiliated Managers
BAP Credicorp
BEN Franklin Resources
BLK Blackrock
GHL Greenhill & Co
JLL Jones Lange Lasalle
MORN Morningstar
MTB M&T Bank
PHH PHH Corp

Oil & Gas:
ATW Atwood Oceanics
BBG Bill Barret
CLB Core Labs
CNQ Canadian Natural Resources
CXG CNX Gas
CXO Concho
DO Diamond Offshore
EPD Enterprise Products
EPE Enterprise GP Holdings
ETP Energy Transfer
HK Petrohawk Energy
NTG Natco Group
OKS ONEOK Partners
SM St. Mary Land & Exploration
STO StatoilHydro

Retail:
ARO Aeropostale
BBY Best Buy
COH Coach
DKS Dick's Sporting Goods
GYMB Gymboree
JCP JC Penny
KSS Kohls
M Macy's
NILE Blue Nile
ORLY O'Reilly Automotive
TGT Target
TRLG True Religion

Consumer Goods:
AYI Acuity Brands
BDK Black & Decker
BG Bunge
EL Estee Lauder
PCAR PACCAR
RAI Reynolds American
SMG Scotts Co

Industrial:
CMCO Columbus McKinnon
DY Dycom Industries
FLR Fluor
FTEK Fuel Tech
GR Goodrich
HXM Desarrolladara Homes
IP International Paper
IR Ingersoll-Rand
JOYG Joy Global
NDSN Nordson
OC Owens Corning
PH Parket Hannifin
VAL Valspar

Services:
ALGT Allegiant Travel
CFL Brink's Home Security
CNW Con-Way
CPRT Copart
CVC Cablevision
DTG Dollar Thrifty Auto
GPN Global Payments
IRM Iron Mountain
LAMR Lamar Advertising
OMC Omnicom Group
R Ryder Systems
RBA Ritchie Bros Auctioneers

Other:
AGCO AGCO Corp
BWLD Buffalo Wild Wings
CAKE Cheesecake Factory
DHR Danaher
PFCB P.F. Changs China Bistro
SPG Simon Property Group

Thoughts....

2009-09-10T10:03:00.003-05:00

My lines in the sand for the short / intermediate term.

S&P 500 ($SPX) -- 1052

Nasdaq 100 ($NDX) -- 1680

Dow Industrials ($INDU) -- 9800

Intraday Update September 10, 2009:

2009-09-10T10:02:00.000-05:00

Thoughts....

2009-09-09T12:07:00.002-05:00

We are very close to an important resistance level on the Weekly Chart. From a risk / reward perspective, its an area where it would be wise for short & intermediate term traders to lighten up with long positions and wait (hope) for a pullback.

Intraday Update September 9, 2009:

2009-09-09T12:05:00.002-05:00

Thoughts....

2009-09-06T22:02:00.007-05:00

The Index Watch, Weekend Review and the Trading Spreadsheet are complete. Many of the setups I post have several entry points so don't focus entirely what I list on the spreadsheet. In other words, look at the chart and you may find more than one potential trade.

I opened a separate account at Ameritrade a couple of weeks ago so I could try my hand at building an account from a modest starting balance ($10,000). Since most of the correspondence I receive seems to be from the more inexperienced trader, I thought this would be the best way to go (public humiliation). I'm only going to take trades (or the ones I'll tell you about) I post at the website beforehand. At the end of the day, it won't be necessary to admit success or failure because the results will be listed and audited by Covestor. If I enjoy it and someone requests me to, I'll open and link a larger account. Between work, trading, and court system imposed community service, I hope this will benefit at least one lost soul. Feel free to comment, mock, or stand in awe. I'll have my Covestor link up on the main page tomorrow.

I went over a few scans today and found a few other short setups.

INT World Fuel Services
VPRT VistaPrint
CFL Brink's Home Security
CTV Commscope
ECLP Eclipsys
VRTX Vertex Pharma
TRLG True Religion
EL Estee Lauder
HGG HHGREGG Inc
IRM Iron Moutain
MFC Manulife Financial
RBA Ritchie Bros Auctioneers
CHD Church & Dwight
ETP Energy Transfer Partners
CLX Clorox
CMCO Columbus McKinnon

The trend is still up so the easier trades will continue to be the high volume breakouts and the long setups on pullbacks to support. Unless you're aggressive and disciplined, it would be a good decision to stay away from the shorts. If you aren't stopped out almost immediately, they've been good for nothing more than short term scalps.

Review for Week of September 8, 2009:

2009-09-06T01:28:00.011-05:00

Breakout Setups
(Click on Symbol for Annotated Chart)

ANGO AngioDynamics
DAL Delta Airlines
THRX Theravance
VM Virgin Mobile USA
EHTH eHealth
XCO Exco Resources
XTEX Crosstex Energy
HWD Harry Winston Diamond
ICO International Coal Group
OTE Hellenic Telecommunicatio
ABK Ambak Financial
FMCN Focus Media
LVS Las Vegas Sands
ANR Alpha Natural Resources
HNT Health Net
SGI Silicon Graphics
HSTX Harris Stratex Networks
CCO Clear Channel Outdoor
SUPG SuperGen
ENZ Enzo BioChem
KND Kindred Healthcare
BJS BJ Services
MTW Manitowoc
TSCM The Street.com
CGX Consolidated Graphics
WRES Warren Resources
DMAN DemandTec
ES Energy Solutions
FCSX FCStone Group
GMET GeoMet
FLOW Flow Intl
HW Headwaters
KIM Kimco Realty
LYV Live Nation
MBI MBIA Inc
MITI Micromet
MMR McMoran Exploration
MPEL Melco PLB Enterntainment
MVG MAG Silver Corp
NPO EnPro Industries
OPXT OpNext
TEX Terex
AB AllianceBernstein
ACI Arch Coal
AHII Animal Health Intl
ALTH Allos Therapeutics
ARP American Reprographics
AWC Alumina
AXAS Abraxas Petroleum
BARE Bare Escentuals
BDC Belden
BEE Strategic Hotels & Resorts
BIDZ Bidz.com
BXG Bluegreen
CCTR China Crescent
CHP C&D Technologies
CNO Conseco
CT Capital Trust
CTIC Cell Therapeutics
DRYS Dry Ships
EVII EV Innovations
FR First Industrial Realty
GNA Gerdau AmeriSteel
GUID Guidance Software
HERO Hercules Offshore
HL Hecla Mining
KHD KHD Humboldt
KMT Kennametal
LQDT Liquidity Services
LYG Lloyds Group
MGI MoneyGram Intl
MWA Mueller Water Products
NGS Natural Gas Services
PCX Patriot Coal
PLLL Parallel Petroleum
PNX Phoenix Cos
PTSX Patriot Scientific
SD Sandridge Energy
SIMO Silicon Motion Technology
SPR Spirit AeroSystems
SRI Stoneridge
SRZ Sunsrise Senior Living
SWKS Skyworks Solutions
TPGI Thomas Group Properties
ULTR Ultrapetrol
VRTO Vertro

Long Setups

(Click on Symbol for Annotated Chart)

HOV Hovnanian Enterprises
AXL American Axle
CTCT Constant Contact
CTFO China TransInfo
CAEI China Architectural
MNI The McClatchy
JRCC James River Coal
CML Compellant Technologies
VOL Volt Info Sciences
WMAR West Marine
WTI W&T Offshore
AHD Atlas Pipeline Holdings
ALJ Alon USA Energy
AMLN Amylin Pharma
APL Atlas Pipeline Partners
CEP Constellation Energy
CLF Cliffs Natural Resources
CMZ Compton Petroleum
CPX Compete Production Services
DAKT Daktronics
DDR Developers Diversified RE
ELN Elan Corp
ERES eResearch Technology
EXM Excel Maritime
GRB Gerber Scientific
IO ION Geophysical
KBR KBR Inc
LSE Cap Lease
MIC Macquarie Infrastructure
SMOD SMART Modular Technologies
SONO SonoSite
SPWRA SunPower
TASR TASER Intl
TESO Tesco
TMR Meridian Resources
TTES T-3 Energy
TWI Titan Intl
AMD Advanced Micro
IBKR Interactive Brokers

Short Setups
(Click on Symbol for Annotated Chart)

Technology:
AMKR Amkor Technology
CHA China Telecom
NVDA NVIDIA
LOGI Logitech
STEC STEC Inc
SBAC SBA Communications
AMZN Amazon.com
CTV Commscope
GLW Corning
ADVS Advent Software
BLKB Blackbaud
BMC BMC Software
CNQR Concur Technologies
CPHD Cepheid
CTSH Cognizant Technology
DIOD Diodes
DNEX Dionex
EXPE Expedia
FDS Factset Research
FISV Fiserv
GOOG Google
IHS IHS Inc
MICC Millicom Intl Cellular
MTD Mettler Toledo
NATI National Instruments
NETL NetLogic Microsystems
PAYX Paychex
RAX Rackspace Hosting
SYNT Syntel
VSEA Varian Semi

Biotech & Health:
AGN Allergan
ALXN Alexion Pharma
STJ St. Jude Medical
AUXL Auxillium Pharma
AZN Astrazenaca
BDX Beckton Dickinson
BIO Bio-Rad Labs (Weekly Chart)
DGX Quest Diagnostics
ESRX Express Scripts
HRC Hill-Rom Holdings
HSIC Henry Schein
IDXX IDEXX Labs
IMA Inverness Medical Technology
JNJ Johnson & Johnson
LIFE Life Technologies
MDVN Medivation
PRGO Perrigo
PSYS Psychiatric Solutions
TECH Techne

Materials:
ABX Barrick Gold
AEM Agnico Eagle Mines
AU Anglogold Ashanti
FCX Freeport McMoran
GFI Gold Fields
GG Goldcorp
IVN Ivanhoe Mines
KGC Kinross Gold
LIHR Lihir Gold
SSRI Silver Standard Resources
BVN Compania de Minas
APD Air Products
CBT Cabot
LZ Lubrizol
NEU NewMarket
TRA Terra Industries

Financials:
AXP American Express (Weekly Chart)
BAC Bank of America (Weekly Chart)
JLL Jones Lang Lasalle
BAP Credicorp
MORN Morningstar
MTB M&T Bank
GHL Greenhill & Company
AMG Affiliated Managers
JEF Jefferies Group
SF Stifel Financial

Retail:
ARO Aeropostale
COH Coach
GYMB Gymboree
M Macy's
TGT Target
BBBY Bed Bath & Beyond
BBY Best Buy
DKS Dick's Sporting Goods
JOSB Jos. A Bank Clothiers
ORLY O'Reilly Automotive
PETS PetMed Express

Consumer Goods:
BDK Black & Decker
BG Bunge
VFC VFCorp
ECL Ecolab
MO Altria Group
NAV Navistar
RAI Reynolds American
UL Unilever

Industrial:
GR Goodrich
OC Owens-Corning
SEE Sealed Air
IR Ingersoll-Rand
IP International Paper
NDSN Nordson
VAL Valspar

Oil & Gas:
CKH SEACOR Holdings
APC Anadarko Petroleum
BP BP Amoco
DRQ Dril Quip
FTI FMC Technologies
KMP Kinder Morgan
NTG Natco Group
OII Oceaneering

Other:
LAMR Lamar Advertising
AGCO AGCO Corp
CAKE Cheesecake Factory
MWW Monster Worldwide
DHR Danaher
PFCB P.F. Changs China Bistro (Weekly Chart)
ALEX Alexander & Baldwin
CPRT Copart
GPN Global Payments
GWW WW Grainger
MNRO Monro Muffler
BWLD Buffalo Wild Wings
CI Cigna
CLI Mack-Cali Realty
RNR Renaissance RE Holdings
TJX TJX Cos

Index Watch for September 8, 2009:

2009-09-05T12:30:00.005-05:00

Index Charts

S&P 500 Index ($SPX) -- On the 60 Minute Chart, there will be minor resistance at the R/S and the Stick Highs of 1040 with support at the potential Neckline. I was having a difficult time getting a read on the Daily Chart so I cleaned it up. The key S/R levels are updated.

Nasdaq 100 Index ($NDX) -- It caught a bid at the Neckline on the 60 Minute Chart. In the short term, it's going to run into minor resistance at the R/S and the Stick Highs with initial support on another test of the Neckline (i.e. 2nd test). The Daily Chart looks the same as last week, but I updated the key S/R points. On the Weekly Chart, the downward sloping trendline continues to hold the price down. At some point in the near term, I think it's going to break over. When it does, it will likely explode up for a test of "former" trendline support, which appears to be in the 1680 area. That would be a good spot for intermediate term traders to take initial profits on any open long positions. If you want to be a pro, you have to trade like a pro, meaning you sell strength and you buy weakness.

Bank Index ($BKX) -- On the 60 Minute Chart, resistance will be found at 46.50 and 48.20 with support at 43.50. The Weekly Chart is the same as last week.

Dow Transports Index ($TRAN) -- Resistance on the Daily Chart will be found at 3810 and 3890 with support at 3550 and 3425.

Gold Index ($GOLD) -- I've included the Daily and Weekly charts.

Gold Bugs Index ($HUI) -- I have the Weekly Chart posted. I missed the move up with the miners, but I hope to capture something should it fall back. It's moved over the R/S, but I intend on sticking with it short for a swing trade as long as it stays under the upper trendline in the Wedge. In other words, I'm short resistance. If resistance fails, I'm out. Clean and simple. At some point, I'll go long but it's going to be at an objective support level before I do. I don't have the mental capacity to trade the metals on a breakout.

Silver Index ($SILVER) -- This is an updated Monthly Chart. It still appears to be in a massive H&S topping pattern and is currently at a spot to take "low risk" short positions. A thrust over the R/S suggests a potential move to the highs and is a signal to exit.

Crude Oil Index ($WTIC) -- If this doesn't lift in the next day or three on the Daily Chart, trendline support will likely fail, which suggests a move to the $55.00 area. I've included the Weekly Chart to provide another view.

Natural Gas Index ($NATGAS) -- A complete failure at trendline support on the Monthly Chart, which suggests further weakness. Remember, thieves who try to steal from the market are usually caught as a result of their greed. In other words, I intend on waiting for it to set back into something objective and tradeable before doing it again.

Thoughts....

2009-09-04T12:13:00.003-05:00

I thought I would post an Intraday Update of the short term view of $SPX and $NDX. With the move today, I'm now going to be surprised if we don't test and likely exceed to most recent highs. As I've already mentioned, I think the market will push higher before it forms an intermediate term top sometime in October. I think it will ultimately top in August or September of 2010. A few of the Setups I posted last night are either at or nearing actionable levels. It's going to be tough going short anything so it's imperative to use TIGHT stops. The "easier" trades will continue to be the high volume breakouts and the long setups on pullbacks to support.

Intraday Update for 9-4-09:

2009-09-04T12:10:00.001-05:00

Thoughts.....

2009-09-04T00:27:00.002-05:00

I posted a number of Short Setups to watch tomorrow that may be good for swing trades. With the exception of a couple, they are all mining related. I'm really tired and short on time so I'm not going to update the index charts. They really haven't changed from the post I made Tuesday night anyway. I still think we'll head higher into October, but it's not going to surprise me to see one more push lower in the next day or three to eliminate the weak bulls and to lure in a few more bears that have been slaughtered the past few months. Again, I'm tired so I don't know if any of this makes sense, but I think everyone gets the idea.

Setups for September 4, 2009:

2009-09-04T00:23:00.003-05:00