Taking Advantage

As the market continues to pull back, wait for the market to tell you it is safe to re-enter longs. Do not try to take advantage of this pull back by being a hero and go bargain hunting. The bargains you find could turn out to be a much better bargain if the pull back turns into a major correction.

Setting Up

After a huge run up since last Monday sell off, the market appears to be setting up for another pull back to digest the recent gains. Lot of stocks were showing short term upside exhaustion on Thursday. The prudent thing to do is to set the stops to protect the profits and prevent turning a winning trade into a losing trade. The market has not indicated it has made a top yet. Therefore, one should not be tempted to short this market when the pull back materializes.

Too Much Too Fast

Today the market opened with some strength but unable to really build on that opening strength. Similarly with many stocks, lot of them pulled back from their high of the day (HOD) and many of them even went below their opening price. It appears the recent run up is too much and too fast, and that made it very tempting for those that bought it at lower prices to take profits.

Stock Watch - 3/5/2014

Here is a brief update of the price actions for MS, GS, BAC, GM, F, MU, HIMX, BBRY, JCP, AMD, YHOO, HPQ, AAPL, AMZN, FB, TWTR.

Stocks On The Watch - 3/2/2014

In the following video, a review of the price actions for NQ along with a look at possible swing long for MS, GS, GM & F.

Something For Everyone

Lot of stocks from different sectors are poise to move higher. Here are some of those stocks from various sector.

The fertilizer sector appears to be waking up after a prolong decline.

Too Many To Choose

The market continues to make new all time high and stocks are on the verge of making new 52 weeks high. There are so many stocks in every sector displaying price action that can propel them into new 52 week or new all time high. There are simply too many stocks to choose to go long, it is getting scarey.

The following video will review the market along with highlighting some of the stocks that have the possibility of breaking out to new high.

These are the stocks being reviewed in the video: JPM BAC C GS MS TLT TBF JNK GM F WMT URBN TJX RL TIF KKD DNKN YUM MCD GLD GDX ABX GOLD GG GFI AOL GOOG HPQ AAPL FFIV PCLN NFLX BRCD JDSU YOKU LULU CRM