Thoughts on 7 Stocks

74 views

GDOT

There were many times I was tempted to get into this stock but those intraday fades resulting in the ugly upper wicks always scared me off.  My mistake.

GDOT

TPX

I still think there is time to get in on the Raul3 Special.

TPX

AIV

Maybe?  I’d like to see it overtake the recent breakout high at 30.85.

AIV

DAL

I have been waiting for my opportunity since early March, this may be it.

DAL

CSX

Prediction time: this stock will make an all-time high in 2013.

CSX

BLC

This stock has been calmly drifting sideways for almost 3 weeks.  My guess is that this is much higher 2 months from now.

BLC

MAS

This looks like another bullish setup.

MAS

-EM

 

Something in Common

151 views

Stocks

Each of these stocks has something in common.

You can feel free to draw your own conclusions.

NEVERTHELESS, after assuming a more defensive stance last week, this development has me interested in deploying more capital into this market.  There are others like these, but have yet to break out.  Maybe that means they are laggards, maybe that means it’s just not their turn yet…I guess we will find out, no?

-EM

Checking in From the Void

380 views

I must apologize for the reduced content over the past week and a half.

The SS ElizaMae had been running on “full steam” since early October, and last week, it finally caught up with ‘her’.

The hierarchy of needs (yes Maslow) was as follows: Family, Job, “ElizaMae”, rest in that order.  Now (unfortunately) “rest” is in the hole with “ElizaMae” batting cleanup.

Notice “exercise” is nowhere to be found on that list.

I used to swim in high school…I was pretty good, our team was GREAT.  Good enough to get scholarship offers from Div II schools or I could walk-on at D-I.  I (moronically, as it would turn out) chose the latter.  The stark change in character from my high school team to my college team was remarkable.  I was a lowly peon on that team, but I went crazy after we were destroyed by North Carolina (a much better team, mind you).  No one cared that we lost.  I just couldn’t figure that mindset out.  We lost 2 dual meets in 4 years of high school and my college career starts 0-2….AND NO ONE CARES??  It was all downhill for me from there as I had “resigned” my status as a student at that university after a grand total of three semesters.

Luckily by that time I had met a girl and started to get things put back together.  Now that I think about it, this also coincides with when I became interested in “trading the market”…January 1998…first it was commodity futures…lol.

I sucked.  I didn’t know what the hell I was doing.

I do recall having “Beautiful Mind” style wire-bound notebooks filled with O/H/L/C data for a bunch of different commodities.  This was before someone like me could get charts on the internet…so I would record this information and try to find patterns.  I was never profitable, but I certainly got the itch.

I knew that I liked the idea of how the fluctuation in price of “X” was a representation of human behavior (specifically related to how that translates to a visual form, i.e., a chart).

There are an infinite number of ways to visually analyze the behavior of a stock, that’s why I present my charts as unadorned as possible.  Moving averages, oscillators, bands, etc are all reflections of either price or volume…so that is what you get from my charts (ok, to be fair I do include the void boundaries and my “watch price”…).

I guess that was a roundabout way of saying: “here is a new Top 10 list”

10. CNO, 11.10

CNO

9. EWBC, 25.10

09-EWBC

8. GE, 23.60

08-GE

7. TPX, 41.40

07-TPX

6. ACAS, 13.90

06-ACAS

5. MBFI, 23.40

05-MBFI

4. CLMT, 37.00

04-CLMT

3. CBI, 52.40

03-CBI

2. RWT, 19.40

02-RWT

1. MDP, 38.10

01-MDP

-EM

Assessing the Damage (Top 10 List)

739 views

I was interested to see how this list would look after we finally received some selling in the market.

I’m amazed at how quickly the sentiment toward the economy shifts based purely on how the stock market is performing.  While that is great for what we do here, I’m growing increasingly concerned with how this perception is forcing the powers that be to continually prop the markets up.  Well, truth be told, I’m well beyond “growing increasingly concerned” to “I hope that it doesn’t hit the fan while my kids are still really young”…but that could just be the paranoid parent speaking.

Anyway, enough “jawboning”, let’s get on with it:

Stock, Watch Price

10. CNO, 11.10

09. EWBC, 25.10

08. GDOT, 14.80

07. CLMT, 37.00

06. GE, 23.60

05. ACAS, 13.90

 

04. MBFI, 23.40

03. CBI, 52.40

02. RWT, 19.40

01. MDP, 38.10

-EM

Underlying Strength

143 views

As the market continues to tiptoe higher, look at the strength in some of the names I am watching:

If you are looking for a correction, you best break out your finest bag of magic dust and cast it over lower Manhattan.  When multiple stocks are up 5+% on a day when the market averages are basically flat, this is a sign of some serious underlying strength and, IMO, is no joke.

-EM

Wednesday’s (2/13) Top 10

74 views

A few new names have made their way onto the list, and (as mentioned yesterday) they are all financials.  The links will take you to the chartpin archive for each stock.  There you will find weekly charts (updated once/week) with each volume pocket highlighted.  Enjoy.

10. EWBC, 25.10

9. ACAS, 13.90

8. CNO, 11.10

7. GDOT, 14.80

6. CBI, 52.40

5. MGA, 54.20

4. CVD, 68.90

3. MDP, 38.10

2. RWT, 19.40

1. GTN, 4.10

-EM

Watchlist Mover: $MAS

64 views

The top gainer on my watchlist today is building materials provider Masco (MAS).  “The Fly” put out a bullish call on the name (along with anything housing related), and I thought I would dig a little deeper into this stock as it moves it’s way up the ranks (currently ranked #8).

Let’s take a look at the weekly chart:

Clearly, the stock is trading higher than at any point since September 2008.  As you can see, there is a clear lack of historical volume between 20 and 26.  Maybe this stock continues to run from here, but, as usual, I am looking for the stock to calmly digest this massive move.

Without a doubt MAS has certainly moved into the “buy zone”, but I have a very difficult time managing risk/reward when opening a position in a stock that is up over 13% for the day.  I would much rather wait and let the dust settle and observe…waiting for a better opportunity to pounce.

See my arduous observation of RWT for nearly a month before I decided to buy some shares; hence my approach with this stock will be very similar.  I believe there is room for a good 30% to the upside; therefore I am more than willing to wait for it to come to me before I get long.

-EM

Talking About a Few Stocks: $MBFI, $DEPO, $GDOT

86 views

10. MBFI, 23.40

“The Fly” spoke highly of banks earlier today and I agree with him.  My watchlist is absolutely littered with financials, mostly of the Regionaled Bank and Insurance variety.  Recall that my list is forged from the innermost depths of The PPT.  Taking on only the highest class citizenry (even if for one day), so I don’t think it’s a coincidence that a number of these stocks are “setting up”.

I like the reduced volume as the stock just wanders between 22.25 and 23.  I’m looking for a push higher and another consolidation around 23.25-23.5.  That’s how and where I want to buy this stock.

9. DEPO, 7.00

I wouldn’t be at all surprised if this goes to 6.6 in a couple of days.  After a fairly significant drop in price like we have seen, I was never comfortable when a stock would make a “quick” reversal.  At the bottom of the pullback I like to see lower volume and a smaller range of prices.

If we are going on feel, I don’t get a “good” feeling from this here.

8. GDOT, 14.80

Another interesting setup here as well.  Tell me if I’m wrong, but if prices were to move through 14.50 with authority, that would be considered a “breakout” right?  This chart looks really nice, and I feel like no one is paying any attention to this stock.  This one is actually a lot like $ZNGA from the post I did earlier (only with an even more ridiculous void)…there are literally 0 people who own a share of this stock between 14.63 and 19.93.

The stock getting crushed on earnings or some kind of unsavory news seems to be ‘en vogue’, as it’s happened several times in the last year, so that is obviously a concern.

 

-EM

 

Thoughts on 7 Stocks

74 views

GDOT

There were many times I was tempted to get into this stock but those intraday fades resulting in the ugly upper wicks always scared me off.  My mistake.

GDOT

TPX

I still think there is time to get in on the Raul3 Special.

TPX

AIV

Maybe?  I’d like to see it overtake the recent breakout high at 30.85.

AIV

DAL

I have been waiting for my opportunity since early March, this may be it.

DAL

CSX

Prediction time: this stock will make an all-time high in 2013.

CSX

BLC

This stock has been calmly drifting sideways for almost 3 weeks.  My guess is that this is much higher 2 months from now.

BLC

MAS

This looks like another bullish setup.

MAS

-EM

 

Something in Common

151 views

Stocks

Each of these stocks has something in common.

You can feel free to draw your own conclusions.

NEVERTHELESS, after assuming a more defensive stance last week, this development has me interested in deploying more capital into this market.  There are others like these, but have yet to break out.  Maybe that means they are laggards, maybe that means it’s just not their turn yet…I guess we will find out, no?

-EM

Checking in From the Void

380 views

I must apologize for the reduced content over the past week and a half.

The SS ElizaMae had been running on “full steam” since early October, and last week, it finally caught up with ‘her’.

The hierarchy of needs (yes Maslow) was as follows: Family, Job, “ElizaMae”, rest in that order.  Now (unfortunately) “rest” is in the hole with “ElizaMae” batting cleanup.

Notice “exercise” is nowhere to be found on that list.

I used to swim in high school…I was pretty good, our team was GREAT.  Good enough to get scholarship offers from Div II schools or I could walk-on at D-I.  I (moronically, as it would turn out) chose the latter.  The stark change in character from my high school team to my college team was remarkable.  I was a lowly peon on that team, but I went crazy after we were destroyed by North Carolina (a much better team, mind you).  No one cared that we lost.  I just couldn’t figure that mindset out.  We lost 2 dual meets in 4 years of high school and my college career starts 0-2….AND NO ONE CARES??  It was all downhill for me from there as I had “resigned” my status as a student at that university after a grand total of three semesters.

Luckily by that time I had met a girl and started to get things put back together.  Now that I think about it, this also coincides with when I became interested in “trading the market”…January 1998…first it was commodity futures…lol.

I sucked.  I didn’t know what the hell I was doing.

I do recall having “Beautiful Mind” style wire-bound notebooks filled with O/H/L/C data for a bunch of different commodities.  This was before someone like me could get charts on the internet…so I would record this information and try to find patterns.  I was never profitable, but I certainly got the itch.

I knew that I liked the idea of how the fluctuation in price of “X” was a representation of human behavior (specifically related to how that translates to a visual form, i.e., a chart).

There are an infinite number of ways to visually analyze the behavior of a stock, that’s why I present my charts as unadorned as possible.  Moving averages, oscillators, bands, etc are all reflections of either price or volume…so that is what you get from my charts (ok, to be fair I do include the void boundaries and my “watch price”…).

I guess that was a roundabout way of saying: “here is a new Top 10 list”

10. CNO, 11.10

CNO

9. EWBC, 25.10

09-EWBC

8. GE, 23.60

08-GE

7. TPX, 41.40

07-TPX

6. ACAS, 13.90

06-ACAS

5. MBFI, 23.40

05-MBFI

4. CLMT, 37.00

04-CLMT

3. CBI, 52.40

03-CBI

2. RWT, 19.40

02-RWT

1. MDP, 38.10

01-MDP

-EM

Assessing the Damage (Top 10 List)

739 views

I was interested to see how this list would look after we finally received some selling in the market.

I’m amazed at how quickly the sentiment toward the economy shifts based purely on how the stock market is performing.  While that is great for what we do here, I’m growing increasingly concerned with how this perception is forcing the powers that be to continually prop the markets up.  Well, truth be told, I’m well beyond “growing increasingly concerned” to “I hope that it doesn’t hit the fan while my kids are still really young”…but that could just be the paranoid parent speaking.

Anyway, enough “jawboning”, let’s get on with it:

Stock, Watch Price

10. CNO, 11.10

09. EWBC, 25.10

08. GDOT, 14.80

07. CLMT, 37.00

06. GE, 23.60

05. ACAS, 13.90

 

04. MBFI, 23.40

03. CBI, 52.40

02. RWT, 19.40

01. MDP, 38.10

-EM

Underlying Strength

143 views

As the market continues to tiptoe higher, look at the strength in some of the names I am watching:

If you are looking for a correction, you best break out your finest bag of magic dust and cast it over lower Manhattan.  When multiple stocks are up 5+% on a day when the market averages are basically flat, this is a sign of some serious underlying strength and, IMO, is no joke.

-EM

Wednesday’s (2/13) Top 10

74 views

A few new names have made their way onto the list, and (as mentioned yesterday) they are all financials.  The links will take you to the chartpin archive for each stock.  There you will find weekly charts (updated once/week) with each volume pocket highlighted.  Enjoy.

10. EWBC, 25.10

9. ACAS, 13.90

8. CNO, 11.10

7. GDOT, 14.80

6. CBI, 52.40

5. MGA, 54.20

4. CVD, 68.90

3. MDP, 38.10

2. RWT, 19.40

1. GTN, 4.10

-EM

Watchlist Mover: $MAS

64 views

The top gainer on my watchlist today is building materials provider Masco (MAS).  “The Fly” put out a bullish call on the name (along with anything housing related), and I thought I would dig a little deeper into this stock as it moves it’s way up the ranks (currently ranked #8).

Let’s take a look at the weekly chart:

Clearly, the stock is trading higher than at any point since September 2008.  As you can see, there is a clear lack of historical volume between 20 and 26.  Maybe this stock continues to run from here, but, as usual, I am looking for the stock to calmly digest this massive move.

Without a doubt MAS has certainly moved into the “buy zone”, but I have a very difficult time managing risk/reward when opening a position in a stock that is up over 13% for the day.  I would much rather wait and let the dust settle and observe…waiting for a better opportunity to pounce.

See my arduous observation of RWT for nearly a month before I decided to buy some shares; hence my approach with this stock will be very similar.  I believe there is room for a good 30% to the upside; therefore I am more than willing to wait for it to come to me before I get long.

-EM

Talking About a Few Stocks: $MBFI, $DEPO, $GDOT

86 views

10. MBFI, 23.40

“The Fly” spoke highly of banks earlier today and I agree with him.  My watchlist is absolutely littered with financials, mostly of the Regionaled Bank and Insurance variety.  Recall that my list is forged from the innermost depths of The PPT.  Taking on only the highest class citizenry (even if for one day), so I don’t think it’s a coincidence that a number of these stocks are “setting up”.

I like the reduced volume as the stock just wanders between 22.25 and 23.  I’m looking for a push higher and another consolidation around 23.25-23.5.  That’s how and where I want to buy this stock.

9. DEPO, 7.00

I wouldn’t be at all surprised if this goes to 6.6 in a couple of days.  After a fairly significant drop in price like we have seen, I was never comfortable when a stock would make a “quick” reversal.  At the bottom of the pullback I like to see lower volume and a smaller range of prices.

If we are going on feel, I don’t get a “good” feeling from this here.

8. GDOT, 14.80

Another interesting setup here as well.  Tell me if I’m wrong, but if prices were to move through 14.50 with authority, that would be considered a “breakout” right?  This chart looks really nice, and I feel like no one is paying any attention to this stock.  This one is actually a lot like $ZNGA from the post I did earlier (only with an even more ridiculous void)…there are literally 0 people who own a share of this stock between 14.63 and 19.93.

The stock getting crushed on earnings or some kind of unsavory news seems to be ‘en vogue’, as it’s happened several times in the last year, so that is obviously a concern.

 

-EM

 

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