Momentum is back
One of the most important quality to develop as trader is to be flexible. Remember the market is the leading indicator. All the macro analysis and big picture stuff is of no use if it can not predict or anticipate the market direction. You must be always prepared for such rallies. If you hesitate or start researching now, the best opportunities may not wait for you.
As I had indicated earlier, now onwards there will be more data focus. You can find your own opportunities in this data. This set of ideas should give you enough to work on daily basis.Both long term and short term traders should find profitable ideas in these lists. These lists should above all allow you to anticipate few moves. They also ensure you never miss a major opportunity. The format and actual lists will evolve based on feedback.
You can also track the intra day trades being highlighted in the comments section. Today morning I highlighted number of trades starting as early as 9:50 onwards. Most of them made 5to 10% moves post the comments. So if you are looking for profitable ideas keep checking the comments in morning. Walter and F also suggested number of good trades today. F has also been right on money about his prediction of impending rally in Nasdaq, which he made yesterday and day before, when things looked gloomy.
Top Momentum Stocks
ACOR,Acorda Therapeutics Inc
ANGN,Angeion Corp
AOB,American Oriental Bioengineering Inc
AXR,Amrep Corp
AZL,Arizona Land Income Corp
BRLC,Syntax-Brillian Corp
CRVL,Corvel Corp
FTGX,FiberNet Telecom Group Inc
GIII,G-III Apparel Group Ltd
GOAM,Goamerica Inc
GROW,U.S. Global Invest Inc A
HGO,Houston American Energy Corp
HRT,Arrhythmia Research Tech
HTI,Halozyme Therapeutics Inc
IAAC,Internat Asset Holdg Cp
IIG,Imergent Inc
JST,Jinpan Internat Ltd
PCCC,Pc Connection Inc
PGLA,Progen Industries Ltd
SQNM,Sequenom Inc
STEC,Simple Technology Inc
TATTF,Tat Technol Ltd
TGEN,Targeted Genetics Cp
UUU,Universal Security Instruments
Look for pullback entries or breakout entries on these. These stocks have the best momentum characteristics currently. If you just follow and trade this list consistently, you will outperform the market. This is a dynamic list which changes periodically. An expanded 50-70 stocks list will appear on Friday or Saturday for weekend study.
Long Ideas Bin
Possible long candidates. Research before you invest.
AD,Advo Inc
ALXA,Alexza Pharmaceuticals Inc
AMD,Advanced Micro Devices
AP,Ampco-Pittsburgh Corp
APAC,Apac Customer Services
BCGI,Boston Communications Gr
BCO,Brink's Co
BFLY,Bluefly Inc
CBLI,Cleveland BioLabs Inc
CIEN,Ciena Corporation
CRL,Charles River Labs Intl
DAKT,Daktronics Inc
DCTH,Delcath Systems Inc
DECT,Dectron Internationale
DMX,I-trax Inc
DWSN,Dawson Geophysical Co
GEMS,Glenayre Technologies
GUID,Guidance Software Inc
HSR,Hi-Shear Technology Corp
IMM,Immtech Pharmaceuticals Inc
JST,Jinpan Internat Ltd
LEE,Lee Enterprises Inc
LINE,Linn Energy LLC
LNET,Lodgenet Entertainment
MNST,Monster Worldwide Inc
PLCM,Polycom Inc
PVH,Phillips-Van Heusen Corp
RAE,Rae Systems Inc
RBAK,Redback Networks Inc
RES,RPC Inc
RVBD,Riverbed Technologies Inc
SLP,Simulations Plus Inc
SPSS,Spss Inc
STEC,Simple Technology Inc
STP,Suntech Power Holdings Co Ltd
SVVS,SAVVIS Inc
WHQ,W-h Energy Services Inc
WOR,Worthington Industries
WY,Weyerhaeuser Co
Short Ideas Bin
Possible short candidates.
GMXR,Gmx Resources Inc
NAHC,National Atlantic Holdings
SIM,Grupo Simec S.A.B De C.V
SIRF,Sirf Tech Holdgs Inc
WRES,Warren Resources Inc
If you profit from these ideas, a small donation out of the profit will help keep the trading Gods happy. The donation button is on right hand side. Alternatively, you can donate through Amazon gift certificate. If you would like to send cheque please email for address.
2 comments:
Nice call on RBAK. I missed that big move.
I am experimenting with a new technique of hypothesizing possible scenarios and outcomes for the next day's trading. For example, I see that the Nov CPI is the big news coming out tommorrow at 830. Looking at my indicators, assuming the worst case scenario that this report suggests inflation and traders respond (in additon to the options expiration jitters), I see QQQQ falling back to support and probably bouncing. If CPI is within expected bounds, I see some expected profit taking and minor selling (again, expirations jitters) but the market should chop with a bullish bias. These are just ideas that I have concluded based on my indicators of market breadth and volume distribution.
I know you have a strong statistics and data mining background. What do you think about this approach?
The Indexes on most time frame show strong mean reversion tendencies and more so on shorter time frames. So most of the time any anti trend entry has higher probability of working. That in addition to the fact that there is upward drift, leads to many ways of trading.
The most famous system being the one used by Niederhoffer. He has been largely successful with that approach with occassional blow ups along the way.
Individual stocks behave very differently from Indexes.
Post a Comment