The following watchlist will only apply if the bull continues it’s run this week. Otherwise, pick out your favorite inverse ETF ie. SRS.
Also watch for a false breakouts in the market, but then again you would know that if you subscribe to Danny’s newsletter.
Potential breakouts:
SPX: Watch 870 & 877
- AGU: Buy on any strength in Agriculture
- AMGN, Buy on triangle break
- CLNE, Buy on strength above $7
- EGO, Looks good above $8
- GERN, Above 8.50 = BTFO
- GIGM, long with stop below $7
- NVDA, long with a stop below $9.45
- SLW, Above $7 is fantastic
- STLD, buy on any strength in steel
- TASR, good above $5.75
I didn’t even know that Danny had a newsletter until now.
Good newsletter but even more impressive was the disclaimer. Must have been a Philly law firm that drafted that beast.
People sure do love my disclaimer.
The sad fact is people like to listen, not do, and then when what they do doesn’t work, why not just sue your problems away?
So, there it is. It’s not a joke.
I will add, that anyone who got my newsletter is privy to some grade A shit and made some pretty great trades.
Here’s my take on V – 61 and MA- 177, I’m probably way off—
http://fade-me.blogspot.com/2009/02/vma-by-zstock7-investment-site-guest.html
RC,
Thanks for the video and the ideas.
Do you use IBD to help you pick possible trades and breakout stocks, or just the PPT + your own screens and the blogs you mention?
The wife call was pretty funny, btw.
RC… you got IT!
Thanks
Does LSU have a basketball team this year?
@ mrKCbill, Not sure about their basketball team, but I know they had the best draft in college football.
Note: 2nd annual iBC March Madness developing…
@ Anton, PPT + own screens.
@ Z stock, Thanks for the heads up, I’ll be watching those 2.
RC, your videos are off the motherfucking chain.
Thanks Danny, I can never get the audio right, but getting better. Love that false breakout chart, good stuff.
kazzzam!!!!
great vid. can’t ignore the wifey, smart man.
… LOL, “you’re live on TV”
cheers to a profitable week 😉
“That’s the wife. We don’t have time for the wife!”
“The wife better stop calling, cause I ain’t got time for…as a matter of fact, let’s do a live call.”
LOL!
Good list – and hilarious live call from the wife.
RC,
I love the videos. Dude I was on the floor with the phone ringing, you couldnt have planned it better.
Great vid Cajun.
I want to give you some ideas and I hope I don’t come off like a prick.
Over the past 10 years the market has shifted to a place where one is rewarded for buying weakness and selling strength. This is most easily seen using a measure like RSI2. For the most part, buying breakouts has a low success rate while buying pullbacks to support are more successful.
Almost all of the charts you posted have RSI2 readings above 90 (except for GIGM I think). So while they are GREAT looking charts and likely to move up from here, in the very near term, like over the next few days, they are more likely to pullback than they are to keep going up.
I want to encourage you to put an RSI2 on all those charts and look what has happened to those stocks everytime RSI2 is elevated.
I say this only because they are great charts but I think you will find your recommendations to be more immediately successful if you wait for them to breakout and then pullback to support with an RSI2 less than 50.
Lol! its funny how after you hung the phone up you said, “we got Taser.”
great video my man. very nice
Damn, Gio beat me to the punch. The wife knew what was next…Taser! So she hung up! lol.
Keep on keepin on, RC. That video was excellent. Like, Danny-disclaimer-excellent.
What are you married, a month?
Phone answer: “Whut?”
The romance is gone so quickly??
Good vid as usual, though, and I like the comedy bit.
________
actually, i had to edit the first part of the conversation, so i decided to start with what. It turned out pretty good.
crazy lil drop in RIMM there for a few minutes.. not plugged in so not really sure why.. CNBC say something?
JASO crackin’ $3 for you.. nice