Sanguinius, Primarch of the Blood Angels
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There is a string of doji on the daily which will mark a continuation (as I’ve said many times before) to the upside, hence my long-time daily huge long exposure. The technicals continue to support further upside movement. If you don’t believe in the power of charts, then just quit trading right now. You are a disappointment in my eyes.
A nine point gap up will mark a sustained gap up. It will effectively break the market out of consolidation. It should also force short-sellers to cover, unless they want to stand outside of a 7-11 with a cup in their hand. Pay attention to the range, it’s trying to tell you something (I’ve drawn this range for you for days now, so don’t dismiss it).
I am currently up +167% YTD (and don’t forget – up over 100% for 4 consecutive years). Keep betting against me, and I’ll come visit you outside my local convenience store.
Here are more setups (don’t forget the ones that didn’t breakout yet in my previous posts). My parameters were $10-20 stocks on 1M+ volume (I don’t trade these stocks, but like I said, they are for those who don’t want to take large risks $1 stocks):
Range b/o IMMINENT (based on 5:43AM futures)
I think so too –need to look at your older posts to see where levels of resistance may
be as we head up– thanks for being such a hard and consistent worker JL- you’re
making a really big difference in a lot of lives
Yea, thanks a lot CA.
I hope you continue doing your excellent blog forever 🙂
Ok people, lets share some wicked picks and bank some coin once again!
Mornin’ CA and mucho gracias as usual. What’s your quick take on buy-timing for such an egregious day as this looks to be?
I do my homework each night, going through my screener and charts, and I’ve got several stocks I’m focusing on. Assuming there’s nothing out of whack, I have just been buying them at or within an hour or so of the open. So far it’s worked well – but giving the popping sounds and green shoots all over the board – today seems like it might be a mistake to wait / hope for the fall back into the gap.
Thanks in advance, and advance congrats to you and everyone here on the pending huge wins today. I’ve got a cheap biotech quick and longer term play I’m close to committing to – I’ll post it when I pull the trigger and have placed my own skin at risk.
Futures are high at this writing. Example, S&P is climbing and at 952. Oil prices are up overseas! Expect a busy day.
i bet this market won’t turn really turn down until we hit 999 on the S&P.
just think of the pefect symetry of the numbers.
50 % rally from the lows.
999 is 666 upside down.
and you can bet a lot of big money will be unloading as we approach 1000 (which in itself will provide a lot of resistance).
the conspiracy theorists will have a lot to talk about in the coming years 😉
Hi CA,
This is great stuff. Quick question… I am a newbie and certainly new to your blog. It is really excellent (I very much like the approach to non-penny stocks!). My question is…
I know I need to do my own DD. But, should one think about buying “a little” of all or most of the charted stocks, or, do you have a couple of fav’s you would recommend (perhaps, rank them?)?
I would rather pick 2-3… to have more leverage. But, not sure which ones…
Any insight is appreciated. thanks for the fine work.
Scott
FIG is starting to look interesting again. What do you guys think?
OPWV on the verge of breaking the 200 weekly MA.
PPHM looking good pre-market!
CA, in the past you’ve suggested a 100k initial investment in order to be well capitalized. Is this what you started with or is that the voice of experience talking?
(Watch List: ABG,ACAD,ADLS,AHD,AIB,APL,CNXT,COMS,CSE,DVAX,
DXO,FALC,FRPT,GNVC,HA,IP,OCNF,OSCI,RAX,SQNM,TIVO,WDFC,
XTEX,TGX)
ANX is looking good pre-market.
ETFC or E-trade will get a squeeze on today with the Citadel news
Some names I found while scanning some russell 2k stocks:
KNOL JCG JAZZ IT ISLN
JAZZ is a biotech play, but maybe it is too illiquid?
ISTA up more!
CENX breaking out
IP breaking out
The gap is not enough. The market will have to fight for it or wait another day.
John…SQNM here? Dropped a little.
BEE
LEA Ripping more ….. wish we didn’t forget about it yesterday with all the other action still looks like it is chasing that 2.6+ previous close
Hey CA – In on ICO with you. Go baby go!
CA – ESLR possible island reversal?
AXL about to explode, CNBC reports a $9 target, get in while you can
AXL ripping AGAIN incredible!
bot axl 4.24
Fack JAZZ jumps 130% gap up.
Well, doesn’t matter. My broker does not let me trade it anyway.
CSE looking to BTFO..
out some AXL 4.78
out the rest 4.70
Reminds me of the Dan Dorfman days with my Packard Bell.
Watch the QQQQ’s… just made a pretty negative move and made a bearish engulfing pattern. Might be a sign of a 3-5% correction coming.
The first opening tick at the open for the market determined that the gap wasn’t enough. At that moment, you just sit back.
At 5-6am, the gap would have exceeded the SPX’s boundaries. However, it dropped slightly before the open.
CA, DPTR /swing? whats your read?
Cigar – you should pick what looks the best to you. Allocations depend on your style and risk tolerance. Spreading them out or concentrating just a few is personal preference.
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XTNT spiking at $1 support
CROX BTFO
Dorman trades followed prostitute rules: Wear a condom, don’t fall in love, don’t look them in the eye, and NEVER EVER touch them THERE.
CA – Thoughts on IILG? Looks like a good setup.
FITB on the move…
CA – You think GE on the daily is good if it breaks out? Or are these stocks too thick for it?
CA – What do you think of CBAK on the daily?
Chart,
Do you give much consideration (at all) to P&F charts (and/or price targets for P&F)?
IILG – yea watch it
Nerdy – DPTR, I want to say yes, but we’ll see. no opinion.
Todd – GE pattern will need confirmation which will likely be a gap up or down outside of the triangle’s boundaries.
Heck – CBAK looks ok
yes I do occasionally browse the p&f charts, but they are not considerations in my decisions.
and, holy shit @ XTNT!
Anybody picking up SQNM on this pullback?
CA,
how’s CENX on the daily?
SQNM – soon
CENX – great. It was a setup chart posted recently.
Odd, XTNT board has approved dissolution of the company … but not much NAV there that I can see.
Watching LXTC and SQNM for an entry … $4.25 for SQNM look good?
LEA 2nd leg, daytrade
ENTR bouncing off $2 again …
CA- I kept holding AVNR- whats your take on this ? worth a hold ?
Bought CENX $6.91 swing
in SQNM at $4.5….watch for break above $4.7
CA, how about CAEI?
My current positions:
CENX CSE CTIC FTK GE HUN ICO IP SLW
Watching a lot of stuff. Will post if I notice something breaking.
Bought KV/A $1.90 swing
oh nevermind, didn’t realize ragin bought in
ENTR $2.40 … fast 20%!
CAEI – good
CA, what is your target for the swing play on CENX?…sold too early yesterday at close.
NEPH ripping missed it again
ABAT BTFO!
sold SQNM at $4.74…got back in at $4.6…go baby go…
Thanks. Was just curious about P&F. Some of these short term picks look very bullish longer term using the P&F price objectives.
AXL – 11.50 (current 4.54)
CENX – 18.50 (current 6.98)
ISTA – 8.50 (current 3.47)
CNXT – 3.75 (current 1.32)
URRE – 4.38 (current 1.78)
I’m assuming this is skewed by the extremes we’ve seen in the market…
There goes FTK. GJ Fly!
ABAT looks good I’m in
I know RC is hot on solar’s, but I’m hoping some of you are riding LDK…enfuego this week.
Excellent day. I’m up 5% intraday.
ICO also breaking out
SRI lifting off – seems like it has a lot of room to the 200 day and is matching up with my ARM holdings.
Of the picks that came off my screen today, none are doing anything and volume went way down – I didn’t make a buy
Bought DHT @ 6.33.
CA, do you like DHT?
OSCI is cheap, but worth a look-see
CMZ @ 1.37
FIG @ 3.91 off of 50-day MA.
Sorry. Bough DHT @ 5.33
Sorry. Bought DHT @ 5.33 not 6.33
JAZZ
FUCK
FUCLK
FUCKE
RGG
ERGEARNG03AQJ-TYQJ5YQ-45HG
FUCK!
CA – whats your take on QCOR & MRGE ?
Yea, I mentioned JAZZ earlier as I thought it had a great chart before the open. I don’t mourn since I found out I could not trade it. But wow, up more than 300% in one day!
CA I know I had a buy at JAZZ when it was barely over 2.2 and I took it off ….. I am beyond angry yet with most of everything else I have on working out I am taking this in stride.
PS Now if anyone believes this I can sell you a vaccine for AIDS that I had just developed in my basement 😉
Did anyone here score JAZZ? That belonged in my baby’s charitable trust – state school it will have to be.
CA – are you in on FNSR ? thoughts prior to earnings tomm? not a fan of small cap coming into earnings.
I take JAZZ personally – those folks that have (and think they have) fibromyalgia will take ANYTHING that might only possibly work. Chances are they already have taken everything. That’s a lifetime drug and the market cap at 120 mil is still probably way small. Better than OCLS was – but I think I’m too much of a coward to buy it at this price – I own far too much biotech as it is.
I like QCOR. And SQNM. I’ll let u know if/when I begin accumulating.
FNSR – I am not, and I have no opinion on it until towards end of day.
AGEN
SPX is kissing the lower boundary of short term uptrend line in the range. Hold your breath 🙂
The market is 1 point from the lower end of the symmetrical triangle.
Coming up on CA resistance level around 930ish. Tightening stops on shorts.
i mean support…
CA you sold your CENX?
Biotech lovers:
ANX?
So if it breaks through 930, free fall? If it bounces, we fly — right?
No man, I like cenx.
CENX at 6.66…buy it…
CA,
could you give us an update on your holdings again?
AGEN and JAZZ setting up for “possible” secondary intra-day runs.
It seems like it will break through support line today!
CA – Any changes in your outlook if market closes below your support level on the S&P?
Slick i gave everybody the warning this morning. As CA has said the QQQQ’s lead us up and down in this rally. At 10am the QQQQ’s gave us it’s warning sign.
Just make sure you have some shorts to pair off your longs. This market has been irrational, it could get dicey. Don’t want to scare anyone though. I dont expect this 3 month bounce is over.
CA,
What do you think about SOLF? Looks like every rally here sold….
TIA
Stop panicking guys 🙂 Seems the trendline actually held up quite well.
KV-A is doing really nice. Sick pick CA!
I admit it, I bought JAZZ at $4. Keeping a close watch on it and if you buy because I did you should know I have a twitch and feel a bit crampy right about now, but feels a lot like OCLS to me.
can anyone here trade without asking CA a question every second….fucking kindergarten here.
lol
AGEN BTFO!
so many biotechs, so little time (and uncleared cash in my IRA)
SAY is up big on increasing volume.
LVLT BTFO!
IO looks like it’s getting ready to pop again any day now.
lvlt, maybe
ico above 200 day…$3.32…wide open spaces above…
AMD setting nicely. What do you guys think?
CASH-N-GUNS,
Why are you so nasty macho man? I did not ask you. If CA is willing to help, why do you care?
Lina
CBI…up all day, good chart…combine your pennies.
Is LVLT in play or is it another dud??
CA now knows what it’s like to be Hannah Montana mobbed…
Tell us everything!
Sprint Nextel (S) may integrate its long-distance business with Level 3 Communications (LVLT) in a joint venture, people familiar with the matter said, according to the Wall Street Journal . The two companies have held preliminary negotiations about the matter in recent weeks but could instead decide to undertake a commercial partnership, possibly involving network sharing, the sources added.
WTI and WG setting up nicely. Oil/gas plays. WTI close to break…
anyone like the look of VMED on the daily? seems to be a nice flag
LVLT IS ONE SICK PIECE OF WORK.
LMAO Cash!!! CA, (raising my hand here) can I go to the bathroom? :)JK
EDGR…looks poised here…finally.
Flower…my dog is coming to piss on you, sorry.
I think IO looks good into tomorrow.
I can’t keep up with all these comments.
If I skipped over a question, just re-type it.
I ain’t gonnas scrolls up dis here biatch.
LVLT bounce or die
Bought JSDA $1.22
UXG setting up nicely again
CA..please use proper grammar..EDGR/CBI..and some cold beers.Go Cowboys….hahahaha
piggy-backing JSDA 1.23
Oh, cookie cookie cookie starts with C!
ok, I changed my grammar. How does it look?
Bought WG $16.24
excellente’…thank you kind sir…!
CA – no joke, whats your take on FAZ ? little cup w handle on intraday
IMOS?
got wet towel snapped on my initial piece of JAZZ. The biotech gods giveth much and taketh some away. I’m still in for another bite if I can find something to sell.
Bill…the obvious is you paid for 4 bucks for a 1 dollar stock the previous day…not the first guy at the party mate.
Juice – I can tell you that FAZ on the daily doesn’t look that bad at all.
IMOS – I don’t like it that much.
FUQI – more upside, or is it played out?
Cash-N-Guns,
No answer. I do not want to go to your level.
Flower…you bore me. Do not address me again unless it is on a stock-asshat. Do you ever have an original thought skank?
FUQI – looks very played out.
Bill – Ouch man. But there were lot’s of shoters at $5.
Cash – Thinking of buying more LJPC. Are you in? Lol.
Want to build up the island fund. Lol.
Cash – pissed on myself when I paid that damn cover charge, but I’m not a pure day or swing trader so I can live with it (my estimate of the market value comforts me slightly).
In case after case after case (that’s what doctors say when they’ve seen three of something, 4 makes it a series, 5 a study) with a real product at hand there will be another, bigger leg up when more buy and holders do the math. JAZZ – at least a partial position – will have a place in my long term biotech holdings. I’ll see what tomorrow brings.
CA – comments on AVNR ? I know you sold yesterday, are you looking to reenter ?
Polarpanda – took the hit on a half position (and I have a lot) – small bite, it really was a negligible blip on my screen.
I figured a significant chance at being whacked – I was hoping not 20% – but felt there was a much bigger upside (based on stupid things like what it actually is etc.) Still feel that way but I hate taking a beating on anything in this market.
CA..
What do u think of ALTU? Breaking out…??
ISTA – new 52 week high today
Cool Bill. I think your ANPI makes up for it. :^)
You are probably right regarding true value of JAZZ.
I am still pissed about holding and selling LVLT when it did fvck all and then it BTFO. @#$^%@#^#%$&
yeah, crazy money on so much stuff…biotech been very very good to me and a lot of folks here – hopefully you to. Don’t know how much longer it lasts, but I’m taking this ride till the wheels fall off. I think CA used that line once.
Anyone jump in or holding SQNM? Was gunna get in around $4.25 but it kept flagging lower and closed @ $4.07 and down a few more pennies in AH. Is it a flush or still warm?
Ride until one wheel falls off.
You don’t want to be in the car when the other three wheels go.
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E8 – there is no rush on SQNM, just chill.
CA. Timely call on KV/A, homey. You’re a beast.
Alright … off to get a CC and ginger on the rocks. Can I get you (CA) or anyone else something?
Employee…after the crappy day I had at work I can use one..
Anyone jump in or holding SQNM? Was gunna get in around $4.25 but it kept flagging lower and closed @ $4.07 and down a few more pennies in AH. Is it a flush or still warm?
Why not just wait to see if that gap fills? Not much farther to go.
Did you say Canuckistanian Club and ginger ale??
Ack! Ptooh! Ptooh! Ptah!
___________
I’ll take a quadruple shot grey goose on the rocks, straight up.
I might just have a grey goose something tonight…
if you’re still around, do you think it’s too late to get into CBAK? I know Ragin went in but it went up quite a bit today… any room to run any more? looks poised to pop some more from my view
Jake, no since wasting the Woodford for mixing …
Here ya go CA … Salute!
What can I getchya Mimi?
Sorry EN1GMA, CA has had a few and the bottles empty … if I find another bottle of GG you’re in, otherwise I can offer you some Kettle One or Stoli …
GTE finally closed above the 200 SMA on the daily, on high volume. I know someone was mentioning that stock, can’t remember who. I bought back in for another oil/gas play. (have DXO and SGY)
Mimi, boy do I ever remember those days. Wine works for me.
chanci, I wish I can one day say the same thing..lol
I will take vanilla vodka and diet coke please!
CA, what do you think of SAY?
CA – Quadruple doji, last four days. I can’t think of when that has happened in my trading experience. What do you make of it? Feels ready for a big move.
Is smart trend a worthwhile service to subscribe?
Sorry for the delay Mimi … Cheers!
LAST CALL FOR ALCOHOL!!!! Bar closes at midnight!
SAY is crazy. I have no idea. Perhaps the market will give a 2nd chance for entry.
WTF is smart trend? Stop subscribing to shit.
MOOBS – correct. Massive move coming.