Traders Paradise

Friday Sept 12, 2014  –  It is a traders Paradise out there! There are so many proper looking “Set ups” and what can be considered ‘Low Risk Entries’, that its hard to choose where to allocate funds and how long to stay in the trade.  Of course, we always want to be aware of the general market conditions and stay alert, because a strong correction will draw down even the best companies, but as I showed in my last report…the markets have been acting correctly in this long uptrend, and there are great trades and even many Giants to be born after each pullback. This week , every morning the futures are red, and by the days end, buyers reverse that, so we are currently going sideways , consolidating gains, while many stocks break out & run higher. For the sake of time, I am just going to show a few nice trade set ups, then I may briefly follow up with some of my other trade ideas from past reports. 

 

Record sales reported for RADNET.

 

 

More charts….

 

 

I have traded 2 clean energy stocks that have run up very nicely.  They are PEIX & BIOF.  Both had those LONG BASES that you want to see and have been on a tear, . I find these hard to hold ,but they are “Buy & Hold” type stocks, with strong gains rewarding the holder.   Often they will pause, dip, consolidate gains, and then continue upward. Yesterday we got a reversal from a recent dip,  BIOF looks ready to continue upward.

 

 

GTIM – A nice BASE since the 2008 sell off.  Great sales & Predicted Future Growth have caused a nice POP in price recently in GOOD TIMES RESTAURANT .

On the weekly base, the recent move up doesnt look like much, but it went from $2 to $5.25 in a year.  Another BUY & HOLD on a pullback?  (2 Charts below)

 

Anything ready to Pop?

 

A friend of mine known as G-Bones pointed out SPRINT to me days ago. It gapped down, based out & started rising with volume. Just a gap fill? Will the 50sma stop it, or is it recovering?  Who knows, but I wanted to point that out so…

– You can see what I am looking at with FUEL. Similar set up  (these are a tad riskier, but do pay off).   First see Sprint, then FUEL below.

 

Last week I talked about these rockets  (Giants)   popping up in the beaten down stocks as they release good earnings reports.  See my last report.  DGLY,  JRJC, HPJ, HGSH, TKMR, CMGE, etc etc .  Some are pulling back & could offer a nice entry at certain moving averages or fib retracements and so on. (I cant fathom buying DGLY no matter where it pulls back to, it ran way too far too fast.)   Others may be getting interesting however.

 

HPJ

 

The weekly has a great base , nice chart for longer term Buy & Hold, but for short term traders, it also shows that HPJ could possibly continue to just go sideways before resuming the uptrend

 

And again…HPJ longer term looks great

 

Weeks ago I pointed out JMEI to watch this desending triangle. If it held the trendline at $29 & reversed, it could be a buy.  Well it broke down,but…

 

 

It looks interesting again. This stock M-O-V-E-S fast , so not for the faint- hearted. Has it  formed a new trendline ?

 

 

I want to say that I have made a LOT of money on Biotechs, but I have also given a LOT back. They can be cut in half overnight if their medical trials fail, results arent as good as they hoped, FDA doesnt approve a drug yet, etc .  I have been burned, so I dont often recommend them.  I have been asked to show some  , and let the buyer beware…so let me show you a couple quickly, buyer beware. They are Rockets up & Down. These can have the best chart patterns until they get a “Failed” drug test, etc , but hey- you should see them when things DO go their way!

 

Pran…interesting activity. Here it collapsed over 70% when  2 clinical trials failed

Close up –  PRAN ‘could be’ shaping up. Its a buy here.

 

 

ALNY = Nice set up

 

 

SOLARS are looking good.  CSIQ, CSUN, SOL, YGE, JASO etc etc etc  Ran up, pulling back to 10sma so far.

 

YGE

 

I sent this first wkly chart of SOL to a friend Sept 9 , second chart is now (Holding support while flagging sideways)

 

Lastly- in my last report I mentioned a few of my favorite trades with LONG BASES and possible GIANT moves to come.  I mentioned VIMC, OTIV, MOBI, CMGE and VJET

 

Lets quickly discuss what happened the next day to OTIV and what “MIGHT” we expect from here?

 

I posted these 2  charts as a possible stock with the GIANT POP capability. 

 

Well it definitely POPPED. It dipped under $3 and the next day popped to $5 then dropped again! 

(I will usually sell half on a pop like that & watch what happens next- I sold all of my DGLY on its pop & it went from $6 to $30, so lesson learned)

 

So whats next? Honestly, I have seen this before and it usually depends on the company.  OTIV recently had great earnings and POPPED because APPL chose them for their pay system, so I rebought at the gap fill and will wait & see.  It could go sideways a bit and allow moving averages to catch up?  It could just slowly steadily rise back to $5. It could go sideways, get more good news and POP again.  I like it as a company , so I may just BUY & HOLD for now.

 

A CLUE  could be that “LUNA”  also POPPED after I wrote my report and did exactly what OTIV did. the charts are very similar, but LUNA is one day ahead…so I will also watch LUNA as a reference, but nothing says they will turn out the same, that’s just how I trade.

 

And CMGE ...I was pointing it out at $18, it had run from $12.50 to $20…well it too got overextended.  It dropped from $30 to $21ish in 1 day, but it is recovering quickly.  CMGE had great earnings and so did OTIV, so that can pay off, thats why I re-entered OTIV .

 

Just a few ideas there.  Watch ULTA (great earnings & growth) , CNBR, WB, for interesting moves.  And have you seen how  MBLY & GPRO have been stellar? They have no overhead resistance, so they just keep going up!! They may be something to buy on a good pullback.

 

 

 

Thats it for now, sorry I keep releasing these near the opening bell, they take me 3 hrs to draw the charts and write tem up, and I have been doing this in the morning. I may need to go back to writing at night , so I can release it earlier.  Best wishes and happy trading all!

 

~Alex