ManyPeaks.com

Already having a profitable position in SIRF, a chipmaker for GPS devices, I was waiting for some trigger to get me into GPS device manufacturer GRMN also.
It came today.
After it ran to new All Time highs early today at 71.75, I stuck a bid in at 70.42. My bid got hit during the 12:00 […]

I am troubled by this market.
First, this weekly chart of the S&P 500 shows that we keep hanging around the Northern area of the very legit uptrend channel. (actually its the S&P tracking stock, SPY or “spyders”). That channel has dictated the bounds of this market since January 2004… over 2 […]

Not for the Dow, S&P, or Nasdaq.. but for the Russell 2000.. as well as my accounts. And for me, that includes taking a needless lick on a position (DCI) that I accidentally held thru earnings. I’m investigating a service (www.theflyonthewall.com) that should help me avoid being blindsided by such events.
ATHR is my […]

Like most folks, I appreciate a bargain.
I regularly buy pullbacks in strong stocks. On the flipside, I love nothing more than selling a stock I bought at a low-risk entry point into a 3-day 15% straight up rally.
But one of my personal worst trading habits is to close out a winning trade with just […]

GPS-device maker Garmin (GRMN) has a sweetheart of a chart setup. A little cup & handle pattern, as the stock gets ready to try for new highs after banging on those levels several times. In a news vacuum, I’d take this setup every time.
I bought in on the pullback last week, but today […]

This morning’s Leading Economic Indicator index came in strong.. and that set the tone for the day. For now, any good economic data is bad for stocks — because more than anything the big money players just want the Fed to quit hiking rates. And it will take decidedly negative data for Bernanke […]

I made fresh All-Time Highs in my accounts’ values this afternoon.
This is one of the first times that I’ve actually beaten an uptrending index to that status.. Note how the Russell 2000 and S&P 500 have not yet formed new highs. I used to lag such moves.. This change is evidence […]

That’s what some friends asked this weekend at last Saturday’s surprise 30th birthday party for my homeboys Brandon and Larry.
My answer: “It basically doesn’t matter.”
Just today..
- Sold my Shanghai Petrochemical (SHI). Their business and location is self-explanatory.
- Also sold my PW Eagle (PWEI).. they are in […]

I’m adding significantly (for me) to my TKC position on this intraday pullback.. after the move to new 52-week Highs this morning.
The afternoon action will be informative here.. a close over 17.80 or so is huge, while a reversal and close down in the low 17’s will spell trouble.
I’ll add more shares later if […]

I use 2 real-time Scanners for new daily Highs & Lows. They are helpful for guaging “what’s going on” intraday.. and for seeing if any stocks on my watchlists are moving big. (It’s all free thru www.trade-ideas.com, but they have a more in-depth paid service also)
The New Lows scan could not be more full of […]