Rip Or Explode List for 3-5-10
No picks for Friday, but I like (KIRK: 20.11 0.00%) , (JAZZ: 11.35 0.00%) , and Retail Ventures, Inc. (RVI: 9.72 0.00%) setups, so they’re “on the watchlist.”
Rip or Explode 3-2-10
Today was a good day for the rip or explode list, with (HSNI: 29.53 0.00%) being up over 20% from entry for most of the AM.
No candidates for tomorrow, but CNinsure Inc. (CISG: 25.51 0.00%) , and Furniture Brands International, Inc. (FBN: 6.98 0.00%) look nice. Â Eventually, but not yet, (PUDA: 10.19 0.00%) could look good.
Rip or Explode List 3-2-10
Recently I started a new series called “Rip or Explode” which are the few best ideas I generate nightly from a couple screens I use. Â You can read the first article here for a brief explanation of how I go about finding these picks.
My “public” results are so far, so good (markets have gone straight up the past two few days too though…), although in reality my personal experience with this screen over the years has been exceptional.
It’s easy to make money because the premise is simple: either you are entering at the start of momentum or you aren’t, and you stop out.  Most of these stocks should move like VHC did with the next two weeks if they are going to work.  If a stock is still acting healthy after a week from entry but not really moving I’ll keep it.  If a stock is acting crappy after entry I dump it. Otherwise they tend to move very well. and thus the title.
Here are tonight’s picks:
(LIWA: 9.40 0.00%)
(YUII: 10.30 0.00%)
Sonic Solutions (SNIC: 10.57 0.00%)
with honorable mentions going to Green Mountain Coffee Roasters Inc. (GMCR: 92.65 0.00%) , (PAY: 23.06 0.00%) and FBR ads.
Remember, blah blah, per your risk tolerance, consult a financial professional, etc.
Tuesday Market Breadth
Today was the third consecutive close higher.  There was positive buy strength, though it wasn’t a noteworthy reading.
The wave chart suggests at least a one day pullback, at best there will be consolidation.
The SP:DXY chart is near a sell zone.
We cleared short term resistance at 1105 and 1114, now we have resistance at 1121 and 1128. Â I expect flat prices/pullback over coming sessions.
On the volume front, we have very little, but in the second chart you can see where the majority of the volume has been transacted.
Rip or Explode List 3-1-10
In the same vein as the last article, here are tomorrow’s candidates for quick momentum or stop-out:
Crosstex Energy, Inc. (XTXI: 9.14 0.00%)
NBTY, Inc. (NTY: 49.92 0.00%)
I am keeping track of these in a spreadsheet, I’ll post later. Â Not trade recs, educational only, I’m experimenting, yada yada, yada.
Monday Market Breadth Update
Today we had a nice move on the S&P coupled with relatively strong Buy Strength, clearing the important 1105-1111 cluster.
You can see these important levels using a volume profile chart:
/ES 5m, Volume profile of the last three days.
The SPX:DXY ratio is also uptrending but nearing resistance.
Longer term, breadth doesn’t have the same characteristics as it did during the 2003-2007 rally.
