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Joined: 12/10/2004
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Four stocks where money stream maybe indicating a rally coming soon, as these stocks put in a bottom to rally from.
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Joined: 10/7/2004
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I trade and follow STEM in a regular basis. I speculate further upside for this stock at least in the short term.
Althought I do not look at BOP, it is hard to miss that huge green bar that just came up last Fri - right under my volume bars, which I used as bread and butter.
ROC, TSV extremelly positive divergent, and linear regr of volume positive in the 10 and 50 days, as well as regr for STochastics
Good luck
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STEM had an excellent day today. Seems to be taking off. I also heard some in the news about stem cells legistration now going on. I wonder if that had any to do with the change in character here.
good luck
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STEM is performing beautifully. Already made my numbers for this month. ASTM is acting in similar way. I constantly monitor this 2 stocks during day trading and for the most part they act in very similar ways.
These two when the get ready to take off, you can count on some fun action.
good luck.
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While you are watching ASTM you might add STJ to your list. STJ appears to be putting in a bottom & was mentioned on mad money as a possible buyout target on Thursday.
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ENTU closes gap today that put it on my watch list. Depending on where this one opens tomorrow I may buy some of this one, but will put a tight stop loss at 2.93. My stochastics that I follow on ENTU are cautioning me that this one might not rally from this area like I would hope it might.
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CV starting to look like it is getting ready to consolidate its current rally. STEM maybe getting close to consolidating its current rally also.
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I wouldn't bet too high on a end of the rally for STEM. Daily activity and indicators do not indicate so. And intraday activity neither also. Just a little sell off intraday today - not big deal considering geopolitical and market conditions.
Good luck.
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It might take until september or october but STEM has 4.00 written all over its face.
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I sold my STEM holdings, & now I would like to see STEM consolidate this rally before going any higher. Stocks that I have followed in the past after rallying more than 25% in less then a month have a bad record of giving back all their gains & then some. If STEM does consolidate this move & stay above $2.00 I will get back in when it looks ready to start up again. Volume on STEM since 6/30 has not been good & I can not see it going much higher until that start picking up more. Good luck if you are sticking with this one longer.
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Sir Gapscan I have already taken my half of the table. The Market half is still there, but since I trade the markets on a daily basis - tick by tick. I will be sure to stop any position that deserves to be cut.
I still hold 10,000 shrs of STEM that will be on my left monitor constantly for the remainder of the trip. Any prints between 2.3 and 2.35 will be reason enough to drop at least another 1/4 of remainder position. Long term indicators still look excellent in the daily, but as you well know for me the intraday takes priority. It will be interesting to see.
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STEM has pulled back to the 40 day MovAvg & needs to hold in here if it is going to take out the July high. If not STEM could make a new low before rallying again & become just another stock to rally over 25% in less than a month just to give it all back.
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Sir Gap I must say you certainty has pay off well on this one. On the other hand, I pulled out at 2.33 last Monday when the stock violated the 2.35 level. I still kept over 3/4 of the profits accumulated on market half. I wasn't too worry on this trade anyways because I wasn't putting a lot of money on the line, and I had plenty of marging on the profits.
For further observation if it holds the 1.79 level I think it may be the beggining of a base. Personally I doubt it will hold the line there - base on the reaction that President Bush had to the stem cell bill, but who knows.
good luck.
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STEM held around the 40 day MovAvg & with todays action on rising volume looks ready to challange the July high. This would put it above it's 90 day MovAvg & just add one more piece of positive looking news for STEM. Moneystream on STEM held above it's 22 day MovAvg & is turning up again which is almost always good for the stocks I watch.
NGEN has held above it's June low & is now moving back to challange it's July high. Moneystream has held above it's 22 day MovAvg & looks about ready to turn up again. Would like to see NGEN close above it's 90 day MovAvg(around $2.20) on this move to show that it is about ready to turn this selloff around in NGEN.
ENTU appears to be trying to hold just under it's June low & above it's '04 low. If ENTU can move back above it's 40 day MovAvg & challange it's June high this would put ENTU above it's 90 day MovAvg & give it a chance to reverse this selloff with a tradable rally.
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It is getting exciting. Stochs looked ready to fire up. I missed today activity, but will place it again tomorrow in the priority list.
ASTM may follow here too.
good luck.
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I also like THOR or TFSM if they pullback some to near their gap openings today. Your right ASTM is looking good too. ASTM should close above it's 90 day MovAvg in a few days & volume needs to pick up more if ASTM is going to rally above it's July high & make any attempt at it's 200 day MovAvg above $1.80.
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TFSM had a nice pullback yesterday into the gap area like I want & I got into this stock. Bouncing good today in the premarket trading. If this is going to be a turnaround for TFSM would like to see it rally over $9.00, but for now we have a trading rally going on.
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The quick trade in TFSM appears to be over & if TFSM can not consolidate this move & hold around $7.50 it maybe headed for a new low.
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Joined: 3/25/2005
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SG,
FWIW, to me the pullback, so far, in TFSM looks like an opportunity to add or open a position. Classic double bottom momentum/volume action, if you ask me.
JG
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Joined: 3/25/2005
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SG,
Group relative strength sucks, though.
JG
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TFSM appears to have consolidated it's move earlier this month & held around $7.50 just fine. If TFSM can close above $9 maybe it will be about ready to make a run at it's April high.
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ENTU & CV appear to be rolling over & starting to look like they could be headed lower.
STEM starting to look good for a rally above $3.00. It has built a nice base to rally from & has now closed 2 days above it's 90 day MovAvg. A close above STEM's July high should give it a good chance to rally back above it's 200 day MovAvg(around $3.39).
NGEN may have built enough of a base to rally back to it's 200 day MovAvg if it can close above it's July high & it's 90 day MovAvg which are about the same.
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STEM has been on the move for a while. Everything checks find. Nice for daytraders - scalping windows easy to find.
good luck
Bigblock
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Short term trading notes, not intraday:
Nice moves coming in this segment (may be short lived as markets are so grossly oversold and may be running out of steam).
As always, we'll see.
All the best.
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QUOTE (tobydad) Short term trading notes, not intraday:
Nice moves coming in this segment (may be short lived as markets are so grossly oversold and may be running out of steam).
As always, we'll see.
All the best.
Short term trading , not intraday ?????
Markets are so grossly Oversold????
I think you are a little confused.
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Well, I certainly apologize if I have caused confusion for others. I don't trade intraday, so I try to start my comments off with that note to clarify the context. And I thought the markets were looking oversold.
Shows just how wrong I can be.
Besides, my wife says I are foncused most of the time anywho, so I mite as well steigh with watt I due best.
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tobydad, leave the wife out of this. You are still confused. Anyone who thinks the market is oversold is either schizophrenic or drunk.
THE MARKET IS VERY OVERBOUGHT, lets just clarify that for you and others who were already confused and not helped by your comment.
Take a look at your indicators and read once in a while the worden report, it may help
good luck
Bigblock
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BigBlock and other readers;
This is too funny...I just now realized that I wrote overSOLD. I was thinking about what I THOUGHT I wrote and not really looking at what I actually wrote. (This is why writers always want a proofreader.) I kept thinking to myself,
"What's this guy talking about? Look how high the markets are in their channels and how many stocks are over 80 in their stochastics."
I suddenly realized when I saw you type OVERBOUGHT in all caps what I had done! How embarassing! Yeah, you're right, I was confused alright...or dyslexic.
Good call on your part. Thank you for bringing my error to everyone's attention.
My sincere apologies to all. I pray it caused no one harm.
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STEM continues to steam. Very good day today, very nice move and the pattern cannot be any prettier. Excellent volume on this advance may have future ground marked with a number on his forehead.
good luck
Bigblock.
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NGEN looking real nice. My buy stop is 1 penny above Monday's high.
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I guess you are in tobydad.
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Yes sir, thank you...and right back out again...might consider a buy stop above today's high.
But it really wasn't a great call; should've waited for it to break thru resistance.
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