High Risk/Reward Play Updates
Momentum Play Hitting Highs.
Long Play Updates | November 28th, 2004
This momentum play is still hitting new highs but we're looking for a dip.
Poised to move lower
Short Play Updates | October 24th, 2004
Our biotech play just rolled over again with another new lower high and looks ready to slip into earnings.
Another Entry Point?
Short Play Updates | October 17th, 2004
The Friday afternoon bounce failed and shares appear to be offering a new entry point.
Poised for more weakness
Short Play Updates | September 19th, 2004
Our two remaining high risk-reward shorts look poised to hit new relative lows next week.
Bearish Play Updates
Short Play Updates | September 12th, 2004
Short Play Updates | September 5th, 2004
Our high risk/reward short is picking up speed as it declines.
Still Bouncing from the Bottom
Long Play Updates | August 29th, 2004
There may be an entry point coming up soon as this tech stock coils for a breakout over $20.00.
Short Play Updates | August 29th, 2004
The downtrend in this medical equipment stock has run out of gas but it's not bouncing either.
Bounce from the Bottom
Long Play Updates | August 22nd, 2004
This software stock is still bouncing from support.
Still Under Resistance
Short Play Updates | August 22nd, 2004
Bouncing from its lows yet but this medical equipment stock is still under resistance.
Nearing Our Target
Short Play Updates | August 15th, 2004
We continue to suggest that readers consider taking profits here.
Biotech Breaks Lower
Short Play Updates | August 8th, 2004
This biotech stock continues to drift lower after its recent gap down.
Biotech Breaking Support
Short Play Updates | August 1st, 2004
This biotech stock is failing to bounce with its sector index.
Short Play Updates | July 25th, 2004
This short play is already down 13% and we expected the recent pennant pattern to break lower.
Short Play Updates | July 18th, 2004
These two aggressive shorts looks poised for more lows next week.
More Chips, Internets and Software
Short Play Updates | July 11th, 2004
Bears can't get enough of a good thing...so we've got more tech
Short Play Updates | July 4th, 2004
Giving all the signs of an imminent breakdown in the middle of the week, this Chip stock is a bit of a puzzler the way it held its ground over the past couple days, while the SOX imploded.
Short Play Updates | June 27th, 2004
The rally in chip stocks this past week was enough to hit our stop in RMBS.
Will It Or Won't It?
Long Play Updates | June 27th, 2004
After getting knocked back from its attempted breakout, this stock is trying to build new support at a higher level and we're eagerly waiting for an indication of whether it will be successful.
Running Out Of Steam
Short Play Updates | June 27th, 2004
We gave this Biotech stock some room to run and it looks like it is running out of momentum. Look for a rollover from resistance next week to get the downtrend moving again.
Long Play Updates | June 20th, 2004
Analyst comments pointing out this stock's tenuous connection to the security industry sent shares tumbling on Thursday. Now we'll see if the buyers are willing to buy the dip.
Rebound in Progress
Short Play Updates | June 20th, 2004
After plunging right to key support, this Biotechnology stock caught a bit of a rebound into the weekend and it looks like the next viable entry will be a rollover at resistance.
Still Under Performing
Short Play Updates | June 13th, 2004
Our semiconductor play continues to under perform its peers.
Another Key Test
Long Play Updates | May 30th, 2004
After rallying early in the week, our bullish Internet play lost its way and fell back to key support last week. If the bulls are going to keep the trend going, they'll have to buy the dip right here.
Resolution Coming Soon
Long Play Updates | May 23rd, 2004
While they're aggressive, this pair of bullish plays is behaving fairly well and we're looking for some bullish continuation next week.
Long Play Updates | May 16th, 2004
Option expiration looms next week and one of these stocks is pulling back towards strong support, while the other is coiling up tighter by the day. Both look to have some attractive bullish possibilities.
Long Play Updates | May 9th, 2004
While the end of day selling dropped it back near unchanged on Friday, the early strength in the stock was enough to satisfy our entry trigger and now we can look for entries on successful rebounds from support.
Time's Running Out
Short Play Updates | May 2nd, 2004
We finally got the breakdown we were looking for in this aggressive play and now it's a race to see if our final target can get hit before earnings arrive.
Short Play Updates | April 25th, 2004
This pair of aggressive bearish plays has rebounded and we're seeing a resistance test in progress. A rollover early next week could be just the ticket for a fresh round of entries.
Short Play Updates | April 18th, 2004
After Thursday's high-volume breakdown, it was impressive to see the bulls aggressively buy the dip. If the recent pattern repeats, this should lead to another solid entry point when the next rollover arrives.
Long Play Updates | April 11th, 2004
Rising oil and increasing global tensions kept a lid on airline stocks.
Long Play Updates | April 4th, 2004
Helped along by strong growth numbers from its primary competitor, our Satellite Radio play continued to rise this week and prospects look good for more gains straight ahead.
Rebound or Rollover?
Short Play Updates | March 21st, 2004
That's the big question with shares of this underperforming Biotech stock, whether Thursday's bounce from support was the bottom for this decline, or if we can look for a new rollover entry next week.
Long Play Updates | March 7th, 2004
Stalled just below resistance, this storage stock looks like it is simply gathering its strength for a renewed push higher. This quiet period looks like a good time to enter the play.
Short Play Updates | March 7th, 2004
As long as the trend of lower highs remains intact, this Technology stock looks like a good bet for the bears. Now we need to see a break to fresh lows in the week ahead.
Long Play Updates | February 29th, 2004
With just enough bullish action to trigger our bullish play on Thursday, this Storage stock stalled on Friday amid renewed weakness in the Technology sector.
Looking For A Rollover
Short Play Updates | February 29th, 2004
Hitting another new recent low last week, this Technology stock has been clawing its way back towards resistance and another failed rebound at resistance looks good for the bears.
Short Play Updates | February 22nd, 2004
Technology weakness finally picked up again into the end of the week and this aggressive bearish play fell to post a new 6-month low on Friday. Look for further downside in the week ahead.
Biding Its Time
Long Play Updates | February 15th, 2004
After the initial upward thrust, this gold stock appears to be catching its breath for another upward push. Buy support and catch a ride up to next resistance.
Bears Are Back
Short Play Updates | February 15th, 2004
The initial bounce off support made us a bit nervous, but price rolled over right at resistance and it looks to be gaining speed too. Look for new recent lows in the week ahead.
Short Play Updates | February 8th, 2004
Thursday's decline was just enough to activate our entry trigger on this aggressive bearish play before the dip-buyers appeared. Look for a rollover below resistance to set up the next entry opportunity.
Long Play Updates | January 25th, 2004
This space-related stock has been moving upwards in fits and starts, surging to new highs and then consolidating the prior move. In consolidation mode now, we're waiting for the next burst of bullish enthusiasm to take the stock to new recent highs.
Long Play Updates | January 18th, 2004
Helped along by the persistent rise in the overall market, these bullish plays just ground their way higher throughout the week. Buy the dips and look for more upside next week.
Short Play Updates | December 31st, 2003
This Chinese Internet-related stock bounced from the 50 percent retracement of this year's rally, but the bounce didn't go far.
Short Play Updates | December 24th, 2003
The recent and planned introduction of new Asian Internet-related issues refocuses attention on this stock's sector.
Short Play Updates | December 21st, 2003
Without much trouble, this Chinese Internet-related company rolled down and slipped beneath its 50 percent rally retracement on Friday.
Winning a Title
Short Play Updates | December 17th, 2003
Tuesday, this ADR won the title of being the second most heavily traded ADR, but that distinction came on a day the stock declined. Wednesday's modest bounce came on much lower volume.
Long Play Updates | December 14th, 2003
Finishing a rather directionless week on a positive note, this aggressive play is coming up for another attempt at a breakout.
Short Play Updates | December 14th, 2003
This Internet-related stock tried to bounce from support, but it's caught between that support and resistance, and can't make progress.
Long Play Updates | December 10th, 2003
Perhaps we should be thankful that this aggressive play hasn't been able to pick a direction, in light of the weakness in the broad market this week. Holding just above support, it still looks ripe for entry points if it will only satisfy our criteria.
Charging up the Batteries?
Short Play Updates | December 10th, 2003
This bearish play performed nicely, but is this energy-related company charging up the batteries for a bounce attempt?
Long Play Updates | December 7th, 2003
After the initial moves higher, this pair of aggressive plays is setting up for new entry points next week. Buy the dip and then hold on for what could be a wild ride.
Short Play Updates | December 7th, 2003
Late this week, this energy-related stock rolled down beneath resistance. To get the downside move really started, it needs to break below November's low.
Pull of Gravity
Long Play Updates | December 3rd, 2003
After impressive rebounds last week, this pair of aggressive bullish plays are feeling the pull of gravity, coming back for another test of support.
The Power Is Off
Short Play Updates | December 3rd, 2003
This company dedicated a new power plant this week, but the stock's performance hints that the power remains off.
Ready to Run
Long Play Updates | November 30th, 2003
This Networking stock appears ready to break out over near resistance and if the Networking index (NWX.X) can deliver to the upside, that might just be all the catalyst needed to get things moving.
Long Play Updates | November 26th, 2003
Delivering the expected bounce, this Networking stock is now nearing resistance. A break into the upper half of the channel will really get things rolling.
Waiting For The Bounce
Long Play Updates | November 23rd, 2003
This Networking stock caught our attention last week as it appeared ripe for a bounce from the bottom of its long-term rising channel. The stock hasn't bounced yet, but it looks like it should at any time.
Short Play Updates | November 23rd, 2003
Dip buyers kept the bears at bay through expiration Friday and this pair of bearish plays failed to perform as expected. Will next week bring more predictable action?
No Trigger Yet
Long Play Updates | November 19th, 2003
This play has not yet triggered, but we think it's getting close.
Still Looking Weak
Short Play Updates | November 19th, 2003
While one of our High Risk bearish plays actually rebounded this week, both of them are looking ripe for more downside. Failed bounces should be viewed as viable entries.
Long Play Updates | November 16th, 2003
This gold mining company's stock almost touched our target on Friday, but may now be due for a pullback. A pullback could offer new entries.
Long Play Updates | November 12th, 2003
This bullish play on the gold miners benefited from Wednesday's strength in gold.
Short Play Updates | November 12th, 2003
This aggressive bearish play has evaded our attempts to find a viable entry point so far this week, but we could have the setup we want delivered between now and the end of the week.
Leaving Resistance Behind
Long Play Updates | November 9th, 2003
This supplier of auto parts climbed above resistance Thursday, triggering our play. It looks ready to run.
Taking Its Time
Long Play Updates | November 5th, 2003
This auto-equipment maker's stock takes its time to trigger our play, but with MACD ticking up, the stock may soon move above the trendline that has been holding it back.
Pull Back Those Shoulders
Long Play Updates | November 2nd, 2003
This play has not yet triggered, but Friday's inside day formation hints that the stock will either push up through the neckline of its inverse H&S or fall back to form another right shoulder.
Short Play Updates | November 2nd, 2003
The first day of coverage on this bearish play gave us a bit of a start following the gap up move. But the rapidity with which it failed confirmed our bearish outlook ahead of Friday's breakdown through our entry trigger.
On the Mend?
Short Play Updates | October 29th, 2003
A study of Fibonacci retracement levels pinpoints the reason this healthcare-related stock has not dropped as quickly as we expected. It's possible that it will bounce up to test resistance, but we hope it will instead fall through that Fib level, triggering new momentum entries.
Long Play Updates | October 26th, 2003
This stock held steady above round-number support during the late-week declines, ending the week higher than it began.
Short Play Updates | October 26th, 2003
That term certainly applies to this bearish Biotechnology play, as it oscillates between strength and weakness on a daily basis. If it's going to move, it will have to be quick about it with earnings on Tuesday.
When Is No Follow-through a Good Thing?
Long Play Updates | October 22nd, 2003
When is no follow-through a good thing? When a long play consolidates above key support and does not follow through on the downside suggested by a bearish candle.
Biotechs Take A Beating
Short Play Updates | October 22nd, 2003
The volatility in the Biotechnology sector over the past week seems to be resolving itself to the downside, helped along by a poor reception of sector bellwether AMGN's earnings report. That all works to our advantage as this bearish play looks ready to break down.
Long Play Updates | October 19th, 2003
News of a joint venture with another tech company sent this stock higher Friday.
One Stalling, One Falling
Short Play Updates | October 19th, 2003
Our High-Risk short section is doing okay. The new biotech play is on its way while the Healthcare stock is churning. Could be an entry point appearing soon.
Long Play Updates | October 15th, 2003
Currency woes sent this ADR into a triangular consolidation pattern, but since it entered that pattern heading up, it's likely to break out to the upside, too.
Lots of Volatility
Short Play Updates | October 15th, 2003
Our recent High Risk short has seen some big swings in just the last few days but the general trend remains.
Time for Blastoff?
Long Play Updates | October 12th, 2003
This defense-related stock sank to earth again, testing the support that has provided every bounce over the last five months. It may be time for the stock to blast up its channel again.
Long Play Updates | October 8th, 2003
Is that a right triangle or a rectangle we see on this stock's chart? One is a bearish formation expected to break to the downside, while the other is a continuation formation that hints at another upside breakout.
In Orbit Again
Long Play Updates | October 5th, 2003
This defense-related stock announced a new contract for a space launch vehicle, but the stock price orbited around its opening price.
Long Play Updates | October 1st, 2003
Last week, this defense-related stock declined, but it guarded support and now prepares to attack recent highs again.
Short Play Updates | October 1st, 2003
This Internet-related stock underperformed other Internet-related stocks Wednesday. We couldn't find a reason, but that underperformance sent the stock below a recent consolidation pattern.
Analysts Take Aim
Long Play Updates | September 28th, 2003
Analysts took aim at this company's sector this week, but this stock held up relatively well. Friday, it may have found support.
Time to Light the Candles
Long Play Updates | September 24th, 2003
This tech stock approaches next support. It should be time for those small red candles to lengthen and turn white.
Scaling the Wall
Long Play Updates | September 21st, 2003
This stock climbed steeply all week, achieving a new 52-week high Friday. It offers two new entries, on a pullback or a momentum push through $10.00.
Doing its Thing
Long Play Updates | September 17th, 2003
This defense-related stock consolidates in its usual pattern, in preparation for its next breakout.
Long Play Updates | September 14th, 2003
This stock's prices have gained almost 16 percent since it was first picked, and we think it's ready to make new gains.
What's That Flying Above Me?
Short Play Updates | September 14th, 2003
This supplier to companies such as Boeing dipped beneath its 10-dma this week.
Back to Its Roots
Long Play Updates | September 10th, 2003
This company announced this week that it would return to its roots, hoping to capture a portion of a $14 billion pot. Investors liked the move.
One Down, One To Go
Long Play Updates | September 7th, 2003
Broad market weakness on Friday couldn't slow this bullish play down, as it charted ahead to its 5th consecutive daily gain, hitting our initial profit target in the process. One more bullish day will likely have our aggressive target met, so make sure you've got your exit plan laid out.
Seeking the Target
Long Play Updates | September 3rd, 2003
It took a bit of waiting, but this bullish play on the Automotive sector is finally delivering on its promise of a bullish breakout. We're nearing our initial profit target now, so traders will need to make sure they have their exit strategy mapped out
Long Play Updates | August 31st, 2003
We had to sit through a week of tight-range chop, but Friday's bullishness helped to propel our Automotive play through near-term resistance and it is on the cusp of a more meaningful breakout, which could come as early as Tuesday morning.
Getting Ready To Move
Long Play Updates | August 27th, 2003
After consolidating in a rather tight range on light volume for the past week, this aggressive bullish play looks like it is getting ready to move. That move may take until next week to unfold, so in the meantime, buying the dips remains the preferred strategy.
Scaling Mount Everest
Long Play Updates | August 14th, 2003
Like a climber within sight of a tall summit, this stock climbed within cents of our profit target on Friday.
Short Play Updates | August 24th, 2003
This stock keeps taunting us, trading within cents of our stop, only to retreat again. Those small-bodied candles represent indecision, however, and we hope the ultimate decision is in our favor.
Long Play Updates | August 20th, 2003
This play gained 14 percent in a week. We just wish its parent index had climbed on Wednesday, too.
Something Happened on the Way to a Negative Day
Short Play Updates | August 20th, 2003
This stock started the day by falling out of a bear flag, but climbed strongly into the close. We hope the climb was part of the expected ascent into the right shoulder of a H&S formation.
Hugging the High Wire
Long Play Updates | August 17th, 2003
This stock consolidates just beneath our trigger, and we think it may be ready to break out.
How Low Can They Go?
Short Play Updates | August 17th, 2003
Indicators turned down again this week as this stock threatened to fall out of a bear flag.
We Can't See Past Your Shoulder
Short Play Updates | August 13th, 2003
This stock built on its gains today, but it's rising right into resistance at the level that it should round over into a right shoulder of a head-and-shoulder formation.
Short Play Updates | August 10th, 2003
If you blinked, you missed this stock's two-day fall to a price within $0.50 of our target, but we think it will fall again.
Long Play Updates | August 6th, 2003
This Software play has been struggling to make upward progress for the past couple weeks and is now getting very near its stop. This is crunch time for the bulls, and they'll either have to put up or shut up.
Long Play Updates | August 3rd, 2003
Friday's early dip certainly gave us a Maalox moment in our bullish Software play, but a rebound from the bottom of its channel was enough to keep the play alive.
Long Play Updates | July 30th, 2003
So far, our bullish Software play hasn't been able to gain much traction over last week's breakout, but we're encouraged that the sellers don't seem to be overly eager either.
Long Play Updates | July 27th, 2003
It isn't what we would call a pretty chart, but this bullish play delivered what we were looking for on Thursday, a breakout to new 6-month highs. Friday's volatile session gave further confirmation with another higher low just above the 10-dma.
Long Play Updates | July 23rd, 2003
The software stock still looks like it's bouncing but our radio play is picking up nothing but static.
Picking Up Static
Long Play Updates | July 20th, 2003
Our remaining high-risk play has pulled back to support but thus far it is holding. Traders should consider new entries very carefully.
Pulling Back But Still Tempting
Long Play Updates | July 16th, 2003
Well, tempting may not be the right word. These two high-risk longs have suffered some profit taking but aren't out of the running.
Long Play Updates | July 13th, 2003
Two of our three high risk-reward plays are out-performing the broader markets. So much so that we've raised our stops.
Following The Script
Long Play Updates | July 9th, 2003
One of our HR plays is following the script perfectly. The other, while in line, is being slower to respond than expected.
Breakouts Still In Progress
Long Play Updates | July 6th, 2003
Our recently added high risk-reward play was just triggered today, while our previous addition has stalled but is still in breakout mode.
Needs A Push
Short Play Updates | July 6th, 2003
Given the volatile action in the Biotechnology index (BTK.X) over the past 2 weeks, it is clear that we picked the right candidate for a bearish play in the sector. The question now is when the next breakdown will arrive.
Long Play Updates | July 2nd, 2003
This stock was recently added to the Russell 2000 and has spent the last couple of days consolidating its pre-addition gains.
Short Play Updates | July 2nd, 2003
Even a 4% rebound in the BTK index on Wednesday, couldn't break the pattern of lower highs in this sector weakling, and it looks good for another leg down if the BTK rally fades into the weekend.
Short Play Updates | June 29th, 2003
It took a week of failed bounces to get the job done, but the bears are once again gaining the upper hand in this bearish Biotech play.
Short Play Updates | June 25th, 2003
After last week's sharp slide, this weak Biotech needed some time to consolidate its losses. That process seems to be proceeding normally and now we can start looking for a fresh entry point before the decline resumes.
Blink and You Missed It!
Short Play Updates | June 22nd, 2003
After a 14% slide in two days, a bit of an oversold rebound was in store for this High Risk play. Get ready for the next rollover after this dead-cat bounce has run its course.
Airlines Flying Higher
Long Play Updates | June 18th, 2003
We were triggered today in our high risk-reward airline play as the XAL closed at new relative highs.
A Little Turbulence
Long Play Updates | June 15th, 2003
Our airline play it hitting just a little turbulence but we remain untriggered thus far. Meanwhile, our gas play was almost stopped out on profit taking.
Short Play Updates | June 15th, 2003
Our aggressive tech-stock short is setting up nicely for some downside action next week.
Long Play Updates | June 11th, 2003
Greenspan spoke before a congressional committee yesterday about this nation's shortage and the concerns over rising commodity prices.
It's Closed The Gap
Short Play Updates | June 11th, 2003
Shares have closed the recent gap while its technical indicators have continued to worsen. We could expect a move one-way or the other soon.
Long Play Updates | June 8th, 2003
Our high-risk/reward bullish play held up pretty well in the Friday afternoon selloff and ended the day down two cents.
Long Play Updates | June 4th, 2003
It's awake. The market strength has kept the rally in natural gas alive.
Rally? What Rally?
Long Play Updates | May 31st, 2003
This natural gas company slept through the market rally on Friday.
Long Play Updates | May 28th, 2003
The XNG is due for a pull back so we're keeping our eyes open for a new entry point for this play.
Yawn, more of the same.
Long Play Updates | May 10th, 2003
We're about this close from dropping our high-risk long play for lack of movement. If we don't get some excitement soon, it will be time to opt for a new opportunity.
Still Fighting the Trend
Long Play Updates | May 8th, 2003
Our internet play showed good relative strength on Friday. However, the bulls still need to prove themselves by breaking the recent trend of lower highs.
Planning An Exit
Long Play Updates | May 6th, 2003
We've collared our advertising play with a tight stop and a lowered exit target, prior to the company's earnings announcement on Thursday afternoon.
Long Play Updates | May 2nd, 2003
Our advertising play is ramping up ahead of next week's earnings announcement. We've bumped up our stop and also set an official exit target.
Trending In Opposite Directions
Long Play Updates | May 1st, 2003
This advertising stock has shown good relative strength and is just a few cents from the relative highs. Things aren't looking nearly as bullish for our internet play.
Two New Stops
Long Play Updates | April 29th, 2003
New relative highs in this advertising stock have prompted us to protect a small gain. We've also attempted to reduce downside risk in our internet play.
Long Play Updates | April 25th, 2003
Another session of weakness in the equity market kept these two stocks under their relative highs on Friday.
Amazon Beats Estimates
Long Play Updates | April 24th, 2003
A strong quarterly report from AMZN has this internet stock trading higher in after-hours. Meanwhile, our advertising play pulled back today after two sessions of solid gains.
Two Relative Highs, Two New Stops
Long Play Updates | April 22nd, 2003
These stocks are responding well to the broader market bullishness. We've attempted to reduce downside risk with a pair of new stop-losses.
An Oasis of Weakness
Short Play Updates | April 22nd, 2003
Today's market rally couldn't prevent this stock from finishing with a solid loss. As a matter of fact, the equity trended lower throughout the day before closing at the session lows.
Minimizing Downside Risk
Long Play Updates | April 17th, 2003
Our advertising play has been given a new stop after the stock failed to participate in Friday afternoon's market rally.
Wednesday Could Be Pivotal
Long Play Updates | April 15th, 2003
Our networking and advertising plays are both trading under their relative highs. We'll be expecting breakouts if the market rallies on key tech earnings.
Not Much Sector Correlation
Short Play Updates | April 15th, 2003
This biotech stock is trading without much regard to the BTK.X. Conservative traders may want to snug down their stops.
Where Art Thou, Volatility?
Long Play Updates | April 11th, 2003
A lack of market movement has both of these stocks trading in narrow ranges.
Waiting For a Breakdown
Short Play Updates | April 11th, 2003
Further weakness in the biotech index might take this stock to new relative lows.
Wait and See
Long Play Updates | April 10th, 2003
Both of these stocks are holding above their 21-day moving averages. We're looking for a rebound to take the equities back towards their relative highs.
Time For More Selling?
Short Play Updates | April 10th, 2003
Our biotech play has traded in a narrow range over the past two sessions. A breakdown out of this consolidation range might bring more sellers out of the woodwork.
Market Reversal Doesn't Favor Bulls
Long Play Updates | April 8th, 2003
These long plays headed higher on Monday morning but weren't able to shrug off the broader market weakness. Our tech stock was also impacted today by an earnings warning from RFMD.
Catching Their Breath?
Short Play Updates | April 8th, 2003
Today's small gain in this biotech stock might only provide a temporary respite for the bulls.
Long Play Updates | April 4th, 2003
We've raised the stop in our networking play, which continues to trade in a rangebound fashion.
A Penny Too Short
Long Play Updates | April 3rd, 2003
This equity was rejected just below its relative high on Thursday. A breakout above that level would put the stock into a large overhead gap.
Watching the Composite
Long Play Updates | April 1st, 2003
The NASDAQ's tentative rebound from some key moving averages might portend a move higher in this networking stock, which continues to trade in a rangebound fashion.
Same Old Situation
Long Play Updates | March 28th, 2003
Tech sector weakness continues to keep a lid on this networker. The stock showed good relative strength on Friday, finishing nearly unchanged on the lowest volume in over two weeks.
Wait and See
Long Play Updates | March 27th, 2003
There are some bullish technical developments in this networking stock, but a breakout to new highs might be hard to come by if the NASDAQ can't crack resistance at 1400.
More Sideways Action
Long Play Updates | March 25th, 2003
This stock continues to consolidate its early gains but it has been able to maintain a position around the $30 level. We are still cautious.
Long Play Updates | March 21st, 2003
Networking stocks didn't participate in Friday's "shock and awe" rally. With our sector play trading sideways above psychological support, some traders may want to think about raising their stops.
Long Play Updates | March 20th, 2003
Our networking play is trading in a tight range. We're looking for an upside breakout to put shares into a large vacuum region.
Short Play Updates | March 14th, 2003
This stock is holding under its relative highs, but the lack of volume is making it very hard to gauge where shares might be headed next.
New Highs and A New Stop
Long Play Updates | March 13th, 2003
With this biotech play rocketing to new highs on Thursday, we've bumped up our stop-loss in an effort to protect a small gain.
Short Play Updates | March 13th, 2003
Decreasing volume in this niche retailer has made it difficult to gauge where the stock might be headed. Bears will be watching for shares to hold under the relative highs.
Working Through Congestion
Long Play Updates | March 11th, 2003
Our biotech play is holding near relative highs. A pullback to the long-term ascending trendline might afford an opportunity to enter new long positions.
Short Play Updates | March 11th, 2003
Neither one of these stocks has made any substantial moves over the past two days. Some traders may want to be tightening their stops.
Long Play Updates | March 7th, 2003
These two stocks are showing some impressive bullish momentum - they're both trading at relative highs after putting in very solid performances this week. Be sure to check out the new stop for our networking play.
Will It Last?
Short Play Updates | March 7th, 2003
One of our short plays posted a large gain on Friday after it broke through overhead resistance. The stock is sitting on some large gains from the past three sessions and is now facing another hurdle at the 21-dma.
A Pair Of New Stops
Long Play Updates | March 6th, 2003
Someone forget to tell these two stocks that the market is going down! Both are trading at fresh relative highs with ample upside potential. We've raised our stops to break-even in an attempt to eliminate downside risk.
A Tale of Two Stocks
Short Play Updates | March 6th, 2003
We've lowered the stop for our waste disposal play, which is still mired in a short-term downtrend. Our other short play has staged a powerful bounce from whole-number support.
A Solid Uptrend and After-Hours News
Long Play Updates | March 4th, 2003
Our biotech stock is trading along its ascending trendline. Meanwhile, news after the bell might have a positive impact on shares of a former high-flying networker.
Gains? What gains?
Short Play Updates | March 04th, 2003
Two of these short plays moved higher on Monday, only to be rejected near moving average resistance. More broader market weakness could result in a test of the relative lows.
Two Bullish Charts
Long Play Updates | February 28th, 2003
One of these stocks is filling in a large gap; the other is in the midst of an extended uptrend. The prospects for continued gains look good as we move into March.
Not Very Convincing
Short Play Updates | February 28th, 2003
These three stocks are holding above their relative lows. However, overhead short-term resistance seems to be keeping the bulls in check.
Targeting New Highs
Long Play Updates | February 27th, 2003
Another up day for the NASDAQ has put both of these stocks within striking distance of their relative highs.
The Trend Is Down
Short Play Updates | February 27th, 2003
Oversold bounces in two of these high risk/reward plays lacked volume confirmation. The stocks could revisit their relative lows on Friday if the market trades with a bearish bias.
Still Trending Higher
Long Play Updates | February 25th, 2003
Our two aggressive long plays were beneficiaries of today's reversal in the equity market.
Another Intraday Reversal
Short Play Updates | February 25th, 2003
All three of these short plays set new multi-month lows on Tuesday before the bulls were rescued by a strong broader market rally.
A Bullish Bias on Expiration Friday
Long Play Updates | February 21st, 2003
Today's broader market strength helped to push two of these stocks to new relative highs.
Market Rally Reverses Intraday Losses
Short Play Updates | February 21st, 2003
Two of these short plays set new relative lows on Friday morning. However, the bears decided to throw in the towel after the major indexes began to rally.
No Weakness Here!
Long Play Updates | February 20th, 2003
All three of these long plays bucked the broader market trend and finished with gains on Thursday.
Promising Relative Weakness
Short Play Updates | February 20th, 2003
Both of these stocks underperformed the market on Thursday. Our newly-triggered short play is looking especially weak after falling to fresh multi-month lows.
Bulls In Control
Long Play Updates | February 18th, 2003
Two of these stocks are trading near relative highs, with no immediate levels of overhead resistance. Our biotech play might soon follow suit if the broader market can build on its recent gains.
Maintaining the Downtrend
Short Play Updates | February 18th, 2003
Although this biotech stock has rebounded with the broader market over the past few sessions, shares have not been able to break the multi-week trend of lower highs.
Long Play Updates | February 14th, 2003
This biotech stock moved above our entry trigger during the market's end-of-day rally. Meanwhile, our other long play head lower on profit-taking.
Underperforming, Under Resistance
Short Play Updates | February 14th, 2003
Our biotech play saw some buying today, but still closed below previous support. If this relative weakness continues it could only be a matter of time before the stock reaches new relative lows.
A New Stop And a New Strategy
Long Play Updates | February 13th, 2003
Our active high-risk play is cruising along at multi-month highs. Meanwhile, we've adjusted the entry strategy for our biotech stock in an attempt to take advantage of a recent pullback.
Finally, A Breakdown
Short Play Updates | February 13th, 2003
Our biotech play has fallen below critical support, which should now provide resistance. The weekly chart shows that the stock has a lot of room to fall.
Long Play Updates | February 11th, 2003
This aggressive long play was activated today when the stock moved through resistance and traded to new relative highs. We're optimistic about the chances for a continued uptrend.
Can Support Hold?
Short Play Updates | February 11th, 2003
We're still awaiting a breakdown in this biotech stock. Lately the bears have had to contend with a slight uptrend in the BTK.X.
Hanging In There
Long Play Updates | February 7th, 2003
Our as yet untriggered bullish play in the four-lettered tech stock is still showing signs of promise. Patient traders will be watching and waiting to see how shares react next week.
Watch That BTK
Short Play Updates | February 7th, 2003
Our biotech short, which certainly qualifies as higher risk, remains untriggered. We're keeping our eyes on the BTK for additional signs of weakness.
Knocking On the Door
Long Play Updates | February 6th, 2003
This un-triggered play is butting its head against resistance. A breakout might be hard to come by if the NASDAQ continues to trend lower.
Waiting For the Breakdown
Short Play Updates | February 6th, 2003
Our biotech play is consolidating above support; but in an ominous development for the bulls, shares showed relative weakness versus the biotech index on Thursday.
Reversal of Fortune
Long Play Updates | January 30th, 2003
Heavy selling in the chip sector erased all of this stock's recent gains. Our stop-loss is now located just below key support.
Lots of Volatility
Long Play Updates | January 28th, 2003
This chip play was all over the map on Tuesday. Our long play was activated after the stock rebounded from support.
Brokerages To the Rescue
Short Play Updates | January 21st, 2003
Bullish comments from Piper and Lehman lifted this stock off its 52-week lows. Our short play has not been activated.
Reducing Our Upside Risk
Short Play Updates | January 9th, 2003
We're tightening our stop in this biotech play. The stock posted a gain today and closed above its 200-day moving average.
Above Resistance, But Still Under Pressure
Short Play Updates | January 7th, 2003
This biotech stock has developed a bearish tendency to sell off from its intraday highs.
Intraday Gains Couldn't Hold
Short Play Updates | January 3rd, 2003
This biotech's breakout above short-term resistance was negated by a late-session selloff. The intraday reversal is a positive sign for the bears.
A Valiant Defense
Short Play Updates | January 2nd, 2003
The bears would not allow this biotech stock to move above short-term resistance on Thursday, despite the powerful tech rally.
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