The Patient Fisherman

31 Setups from Bluefin

2012-02-01T21:00:00.001-08:00

Today, we had quite a few signals appear in Bluefin. Below are the best looking setups for 2/1/2012.

Symbol	Sector	Watch List
CALD	Business Software & Services	Short 25
BMRN	Biotechnology	Emerging 50
GGB	Steel & Iron	STI Break Out
MKTX	Investment Brokerage-National	STI Break Out
FCH	Reit-Hotel/Motel	STI Break Out
SXC	Steel & Iron	Post Earnings Surprise
SANM	Printed Circuit Boards	Value 50
ELN	Drug Delivery	STI Break Out
DXPE	Industrial Equipment Wholesale	STI Break Out
NKTR	Biotechnology	Post Earnings Surprise
XRTX	Data Storage Devices	Post Earnings Surprise
TGA	Independent Oil & Gas	STI Break Out
WRB	Property & Casualty Insurance	Todays Earnings
HURN	Business/Management Services	Post Earnings Surprise
ROP	Scientific & Technical Instr	Emerging 50
EPD	Independent Oil & Gas	Post Earnings Surprise
ERT	Medical Laboratories & Researc	STI Break Out
GY	Aerospace/Defense-Major Dive	STI Break Out
CONN	Electronic Stores	STI Break Out
DLB	Diversified Electronics	Post Earnings Surprise
MIM	Property Management/Develop	Emerging 50
CPLA	Education & Training Services	STI Break Out
SXT	Specialty Chemicals	Emerging 50
FSII	Semiconductor-Equipment & Mate	Sector 50
TC	Industrial Metals & Minerals	STI Break Out
HELE	Housewares & Accessories	STI Break Out
MGM	Resorts & Casinos	STI Break Out
BMI	Scientific & Technical Instr	STI Break Out
KBR	Technical Services	STI Break Out
SSYS	Computer Based Systems	STI Break Out
PLXS	Printed Circuit Boards	Sector 50

Best Setups from Bluefin 1/31/2012

2012-01-31T20:37:00.001-08:00

Symbol	Sector	Watch List
GGG	Diversified Machinery	Todays Earnings
EW	Medical Appliances & Equipment	Emerging 50
TA	Specialty Retail - Other	STI Break Out
UAN	Agricultural Chemicals	IPO
ARAY	Medical Appliances & Equipment	Post Earnings Surprise
KIRK	Home Furnishing Stores	Post Earnings Surprise
WLK	Specialty Chemicals	Sector 50

Post Earnings Surprise Setups

2012-01-22T16:49:00.001-08:00

This weekend Laser Trader wrote a great post about Post Earnings Announcement Drift and mentioned how he uses the Post EP List to find setups: Using PEAD (Post Earnings Announcement Drift) To Give You An Edge

Below are a few setups from the Post Earnings List.

CTAS

TRAK

SIMO

MELI

STMP

ABMD

UFS

OWW

WCG

Bluefin Setups for 1/19/2012

2012-01-19T10:00:00.000-08:00

The market continues to push higher and we're still seeing some decent breakouts in Bluefin. Below are the best looking setups so far today.

Symbol	Sector	Watch List
FFIV	Application Software	Todays Earnings
RBCN	Semiconductor-Specialized	Post Earnings Surprise
SWI	Application Software	Post Earnings Surprise
TREX	General Building Materials	Emerging 50

Best Setups from Bluefin

2012-01-12T05:49:00.001-08:00

The market is beginning to look a bit frothy with the Primary Breadth Indicator approaching extreme readings. We’re still seeing some decent breakouts show up in Bluefin. Below were the best looking setups from Wednesday.

Best Setups

Symbol	Sector	Watch List
MHO	Residential Construction	Emerging 50
FEIC	Scientific & Technical Instr	Emerging 50
MHK	Textile Manufacturing	STI Break Out
HII	Aerospace/Defense-Products & S	STI Break Out
SUN	Oil & Gas Refining & Marketing	Value 50
FLOW	Diversified Machinery	Emerging 50
WGO	Recreational Vehicles	Post Earnings Surprise

Market Breadth: News Highs, New Lows

2011-12-18T09:44:00.001-08:00

One of the most basic and easy to use breadth indicators is comparing 52 Week New Highs to 52 Week New Lows in any of the indexes. If you’re trading breakouts and you want to have a higher win rate, commons sense says you should trade when more stocks are making 52 week highs than lows. The formula is pretty straight forward: 52 Week New Highs - 52 Week New Lows.

Using Stockcharts.com you can chart the 1 day moving average and 10 day exponential moving average against their pre-built New High/New Low indexes ($NAHL in this example). When the 1 day crosses above the 10 day you get a bull signal and when it crosses below the 10 day you get a bear signal. Looking at the chart, Bullish signals were July 2011 and then September of 2010. We received two bear signals in June and July just before the market went into a corrective phase.

I’ve charted three years of data but watching the last 12 months will give you a clearer picture of the cross over points.

By following this indicator you can move into the market as stocks begin their next move up. Catching stocks as they move out of a correction offers the lowest risk to highest reward entry point. The key is not to get into early and whipsawed out of your positions.

This indicator has done a good job of keeping you out of the sideways chop we’ve experienced since August. What does this indicator tell us about those bullish thrusts we experienced towards the end of November?

While impressive, the $NAHL index never crossed back up confirming the move. According to this indicator, cash has been the safest place for months.

For the working person this is an easy to use indicator allowing you to move into the market during the bull phases and get you out before significant corrections.

Break Down

2011-11-22T05:27:00.001-08:00

The market has cracked through support with 418 stocks down 4% or greater. Currently, we have been in a defensive posture since late October and remain defensive until we see a significant breadth thrust to the upside. Read more about breadth thrusts here.

Bouncing in Range

2011-11-10T09:03:00.000-08:00

The market suffered a 1000+ stocks down on the primary breadth indicator yesterday. Currently, we remain in range but a break below these levels would trigger the next leg down.

Updated: Post Earnings Surprise List

2011-11-06T16:34:00.001-08:00

The Post Earnings list has been updated. This list contains all stocks that had an 6% move or greater on the day of their earnings. All earnings in the past 92 days.

https://spreadsheets.google.com/ccc?key=0AgxAXOuHdkMadDdZRFVNRDRoODVzR2o1ODhveWtydmc&hl=en

This list is different than the one in Bluefin which looks at stocks with an eps surprise of 25% or greater.

November 5, 2011 Market Update

2011-11-05T08:35:00.001-07:00

On October 7th, the bullish percent indicators gave two signals of breadth confirmation with our moving average cross over and the slow sto crossing up above 20. Shortly after, the indexes closed above the long term trend and continued to rally to resistance at the highs of 1292.66.

This rally was quite violent and setups were lacking.

Currently, we are sitting in overbought conditions and looking for a pullback or consolidation period to offer up better lower risk entry points.

The top 20 sectors according to Bluefin:

Each day in the daily blog post we cover the indexes, breadth, and the plan for the upcoming day. Currently, we remain defensive while the market works out these overbought conditions.

Bottoms - Weekly Charts

2011-10-09T06:56:00.001-07:00

Check out the comprehensive break down of bottoms over at FiveTrades.Blogspot.com.

http://fivetrades.blogspot.com/2011/10/bottoms-weekly-charts.html

Updated: Post Earnings Surprise List

2011-09-25T12:13:00.001-07:00

The Post Earnings list has been updated. This list contains all stocks that had an 6% move or greater on the day of their earnings. All earnings in the past 92 days.

https://spreadsheets.google.com/ccc?key=0AgxAXOuHdkMadDdZRFVNRDRoODVzR2o1ODhveWtydmc&hl=en

$BKX - Daily HLC Bars, Landscape

2011-09-22T08:40:00.000-07:00

$BKX - Daily HLC Bars, Landscape:

via StockCharts.com

New Lows

$NYA - Daily HLC Bars, Landscape

2011-09-22T08:35:00.000-07:00

$NYA - Daily HLC Bars, Landscape:

via StockCharts.com

New Lows.

FXI - Daily HLC Bars, Landscape

2011-09-21T07:40:00.000-07:00

FXI - Daily HLC Bars, Landscape:

via StockCharts.com

New Lows on FXI.

FCX - Daily Candlesticks, Landscape

2011-09-21T07:37:00.000-07:00

FCX - Daily Candlesticks, Landscape:

via StockCharts.com

FCX in a free fall. Not a good sign for the markets.

Sector 50 Review

2011-09-20T05:40:00.001-07:00

A few weeks ago the Sector 50 was primarily made up of defensive sectors such as gold. Today we’re seeing a different set of sectors leading the market: semis, auto parts, biotech, and retail to name a few. Sector 50 ranks all stocks on sector and individual relative strength.

Symbol	Sector	Watch List
GR	Aerospace/Defense-Products & S	Sector 50
STMP	Catalog & Mail Order Houses	Sector 50
OPTR	Biotechnology	Sector 50
ATHN	Business/Management Services	Sector 50
RFMD	Semiconductor-Integrated Cir	Sector 50
NETL	Semiconductor-Memory Chips	Sector 50
CGEN	Biotechnology	Sector 50
AZO	Auto Parts Stores	Sector 50
CWTR	Textile-Apparel Footwear & Acc	Sector 50
AVGO	Semiconductor-Broadline	Sector 50
HITK	Drugs-Generic	Sector 50
AAPL	Personal Computers	Sector 50
ULTA	Personal Service	Sector 50
MLNX	Semiconductor-Broadline	Sector 50
AMZN	Catalog & Mail Order Houses	Sector 50
AKRX	Drugs-Generic	Sector 50
REGN	Biotechnology	Sector 50
FNDT	Application Software	Sector 50
LULU	Textile-Apparel Clothing	Sector 50
DECK	Textile-Apparel Footwear & Acc	Sector 50
SNDK	Semiconductor-Memory Chips	Sector 50
PSMT	Discount - Variety Stores	Sector 50
BTH	Personal Products	Sector 50
RL	Textile-Apparel Clothing	Sector 50
AUTH	Semiconductor-Specialized	Sector 50
LGND	Biotechnology	Sector 50
LIZ	Textile-Apparel Clothing	Sector 50
IACI	Catalog & Mail Order Houses	Sector 50
TIN	Paper & Paper Products	Sector 50
LQDT	Internet Software & Services	Sector 50
RGR	Sporting Goods	Sector 50
FNSR	Networking & Comm Dev	Sector 50
RLRN	Multimedia & Graphics Software	Sector 50
ACTG	Research Services	Sector 50
MRGE	Healthcare Information Service	Sector 50
MRVL	Semiconductor-Integrated Cir	Sector 50
VFC	Textile-Apparel Clothing	Sector 50
KEYN	Internet Software & Services	Sector 50
JAZZ	Biotechnology	Sector 50
UA	Textile-Apparel Clothing	Sector 50
AAP	Auto Parts Stores	Sector 50
SKX	Textile-Apparel Footwear & Acc	Sector 50
SPRD	Semiconductor-Broadline	Sector 50
NPTN	Semiconductor-Broadline	Sector 50
ORLY	Auto Parts Stores	Sector 50
GNK	Shipping	Sector 50
UWN	Resorts & Casinos	Sector 50
OXM	Textile-Apparel Clothing	Sector 50
NUS	Personal Products	Sector 50
PRKR	Semiconductor-Integrated Cir	Sector 50

Updated: Post Earnings Surprise List

2011-09-11T10:57:00.001-07:00

The Post Earnings list has been updated. This list contains all stocks that had an 6% move or greater on the day of their earnings. All earnings in the past 92 days.

https://spreadsheets.google.com/ccc?key=0AgxAXOuHdkMadDdZRFVNRDRoODVzR2o1ODhveWtydmc&hl=en

51 Stocks to Keep an Eye On

2011-09-08T08:24:00.000-07:00

Spent some time scanning our watch lists and came up with this list of 52 stocks with great earnings within 25% of their 52 week high. When the market does decide to make a move many of these stocks will be the first to break out.

AAPL Apple Inc
ACTG Acacia Rsrch Acacia Tech

AG First Majestic Silver

AGNC American Capital Agency

ASML A S M L Holding Nv Ny

AUY Yamana Gold Inc

BBD Banco Bradesco Sa Adr

BEXP Brigham Exploration Co

BIDU Baidu Inc Ads

BVN Buenaventura Comp Ads

CBD Companhia Brasileira Adr

CDE Coeur D Alene Mines Corp

CJES C & J Energy Services

CLF Cliffs Natural Resources

CMCSA Comcast Corp
CPO Corn Products Intl Inc

CXO Concho Resources Inc

DAR Darling International

EDU New Orientl Edu&Tech Ads

EOG E O G Resources Inc

GG Goldcorp Inc

GMCR Green Mtn Coffee Roastrs

GOLD Randgold Resources Adr

GPOR Gulfport Energy Corp

HS Healthspring Inc

IAG Iamgold Corp

IPI Intrepid Potash Inc

JAZZ Jazz Pharmaceuticals Inc

LINE Linn Energy Llc

MFN Minefinders Corp Ltd

MNTA Momenta Pharmaceuticals

MOS Mosaic Company

MSCI M S C I Inc Cl A

MTZ Mastec Inc

PAAS Pan American Silver Corp

POT Potash Corp Saskatchewan

QCOR Questcor Pharmaceutical

RES R P C Inc

ROSE Rosetta Resources Inc

RRC Range Resources Corp

SLB Schlumberger Ltd

SLW Silver Wheaton Corp

SM S M Energy Co

SPRD Spreadtrum Comm Inc Ads

SSRI Silver Standard Res

STO Statoil Asa Adr

STWD Starwood Property Trust

TGI Triumph Group Inc

TSO Tesoro Corp

VALE Vale Sa Adr

VLO Valero Energy Corp

50 Stocks Holding Up in This Market

2011-08-17T12:44:00.000-07:00

The Sector 50 watch list ranks all stocks by sector strength and the stock's relative strength. Below lists the stocks holding up the best after last weeks correction.

Symbol Sector

MMI Diversified Communication Serv (buyout)
IDCC Wireless Communications
CGR Gold
RDEN Personal Products
CBOU Specialty Eateries
EE Electric Utilities
RGR Sporting Goods
UL Food-Major Diversified
HME Reit-Residential
PAET Diversified Communication Serv
ACC Reit-Residential
VGR Cigarettes
AU Gold
ABV Beverages-Brewers
SA Gold
RIC Gold
CF Agricultural Chemicals
BVN Gold
GTU Gold
SUG Gas Utilities
GOLD Gold
NGD Nonmetallic Mineral Mining
PARL Personal Products
LGF Movie Production - Theaters
AEM Gold
AUY Gold
THM Gold
NXG Gold
GFI Gold
NSU Gold
KGC Gold
GMCR Processed & Packaged Goods
ABX Gold
EGO Gold
FMX Beverages-Brewers
RGLD Gold
NEM Gold
HANS Beverages-Soft Drinks
JVA Processed & Packaged Goods
BAA Gold
BRFS Meat Products
EXK Silver
GG Gold
JAG Gold
AUQ Gold
AZK Gold
ANV Gold
MDW Gold
SLW Silver
ARCO Restaurants

Debt-ageddon 2011

2011-08-07T09:28:00.001-07:00

If you’ve been unfortunate enough to catch any of the commentary on the 24 hour news networks over the weekend, you are probably expecting the apes to take over and life as we know it to never be the same. The best thing you can do is turn off the noise.

None of this is under your control. Following the pundits minute by minute will make your head spin. What is under your control is how you position yourself in the market using tools such as the Stockbee Market Monitor and the Bullish Percent indexes.

Using these tools we have been able to move into cash well in advance of the decline we experienced this past week. These indicators helped us successfully navigate through the last bear market and they will successfully navigate us through this decline.

Current State of Market Breadth

No surprise here, we had some big selling days on the daily breadth indicator. July 27th showed the first signs of trouble with 622 stocks down on our daily breadth indicator.

On July 27th, we had a bearish crossover on the Primary Breadth Indicator telling us to move into cash on all accounts.

Our Bullish Percent Indicator turned bearish on July 27th confirming the weakness in breadth across our indicators.

What to Look For

At this point, we need several strong days to the upside to turn momentum back up in this market. The market is oversold, but oversold levels can last for weeks. Anticipating the next move can lead to death by a thousand cuts. A good way to slowly grind your account down. Several 500+ days on the daily breadth indicator will signal a turn in the market. Wait for confirmation on the primary breadth indicator and bullish percent indexes. Until we see that confirmation, cash is king.

Do yourself a favor and focus on the tools you have at your disposal to navigate this market and turn off your television.

Here is more information using breadth for market timing.

Updated: Post Earnings Surprise List

2011-07-31T08:28:00.000-07:00

The Post Earnings list has been updated. This list contains all stocks that had an 6% move or greater on the day of their earnings. All earnings in the past 92 days.

https://spreadsheets.google.com/ccc?key=0AgxAXOuHdkMadDdZRFVNRDRoODVzR2o1ODhveWtydmc&hl=en

Market Update

2011-07-28T05:59:00.001-07:00

Indexes

Big follow through on the down move. With that in mind, we’re still in the range so taking long or short positions is off the table. We could easily bounce tomorrow and end up for the day.

Breadth

Impressive downward thrust on the daily indicator with 622 stocks down 4% or greater.

The slow sto on our NYSE Bullish Percent is heading back down. I’ve highlighted the areas where I like to apply my margin power. With some follow through on this down move we could possibly have another decent setup to pile back into the market. Let’s take it one day at a time...

The Plan for Tomorrow

Watch and wait.

Current Status: Trading Account: Cash; Retirement: Cash

Sector 50 - Stocks to Watch

2011-07-24T07:34:00.001-07:00

Alert triggers with price above the trend line. Look for entries on above average volume.

Three Days of Buying

2011-07-22T06:07:00.001-07:00

Over the past three days we have seen some increased buying on the Daily Breadth Indicator. We are at the top of our trading range, the big question is whether it will be enough to push us to new highs.