Monday's After Market

The market had another great run from start to finish this Monday. Tomorrow is another story, the story from FED and profit warning from Dell, it does not look good for the opening bell for Tuesday. Since Dell is a non-performer, it could be a non-story for the market. We shall see the influence of Dell on the market tomorrow. From the preliminary data, we may have an accumulation day today.

Overall today's market is very positive. I expect more good things to come in the weeks ahead. There are many great positive momentum stocks today:
GOOG - another new high, it is still going higher.
NWRE - earning is coming out soon, I got some this morning.
PRNA - earning is coming Tuesday, I am a bit hesitate on this one because it crashed down last earning report.
ORCT - great volume today.
UTHR - great volume today.

Stocks with negative momentum (stocks to avoid):
IART, NTE, QCOM

Monday's Mid-Day

The market is roaring today with normal volume, it is probably continue from Friday's up day momentum. Small cap stocks have better advance than their counter mid and large cap stocks. The only large cap exception is GOOG. It is still the big mover on the big cap. Its engine is humming, Chuchu!

Other stocks exhibit strong momentum as well, NWER, ORCT, VLO, UTHR. I placed some buys this morning on NWER. It seems to pay off for me. As notice earlier, this stock behaves very strong during the correction days in the past few week. Earning is coming out this Wednesday Tuesday, November 3. I am anticipating that it wil have a stellar quarter, at least the market is agreeing with me right now.

Stocks with negative mometum are: NTE and IART. I would avoid these stocks unless you want to short them.

Monday's Pre-Market

The market seems to follow thru last Friday upside bias momentum. Looks like it maybe poise to open higher this morning. Gasoline price has dropped a bit, another indication for market to further supports this upside stength.

This morning has quite a few postive momentum stocks:
UTHR, ORCT, CELL, GOOG
Stocks with negative momentum are:
NFLX (looks like a glitch), IART, CTSH

ISRG, UTHR, and ORCT look very positive this morning. I would place a buy this morning once the dust settles. Like mentioned on the Weekend report, NWRE looks like a buy this morning also.

Stock Market Weekend Review - What's Ahead for Next Week

What a week just past! DOW and S&P 500 have finished positive for the week because of the turn around on Friday. However Nasdaq is still down for the week. Overall the market is still unclear about which direction to take. I would still use caution right now.

Stocks with positive momentum for this week is poise to make another run-up next week. The following stocks are on my buy watch list:
nwre, res, ravn, twgp
Stocks with negative momentum are the stocks to be avoided:
flsh (more stocks will be coming out next week), driv (terrible guidance on last Friday)

NGS is still the number one spot on the IBD list. It is worth while to keep an eye on it. This stock has the tendency to swing very violently in either direction.

Friday's After Market

Wow! The market came back with a vengence. It was see-sawing this morning until around noon time. Volume picked up from yesterday. Finally an accumulation day for the market. The institution investors are back now. CSTR has a great day today. It rang up almost 6 points at the close. I bought some January calls this morning, I am almost double my money for this one. Hopefully we should see another day like this one today. I will have more stocks to watch Monday morning. Perhaps a weekend post on stocks with upside momentums. In the mean time, have a wonderful weekend! Happy Halloween!

Friday's Mid-Day Market

The market is in a see-saw tug-of-war today. Because of the recent distribution days, many institutions are reluctent to place any bet on the market today. Unless the negative sentiment changes, I would not place any big bets on any stock, maybe a small bet on a selected few only. Like I mentioned before, I would get out of margin right now.

Today's stocks to be watched:
Positive Momentum:
CSTR - (good earning & Walmart agreement, I placed a few calls this morning, it may still have a few points to the upside)
CTHR - 400% more up volume than average
AVID - 600% more up volume than average
SCSC - 400% more up volume than average

Negative Momentum:
IVGN - 600% more down volume than average
DECK - 1200% more down volume than average

Friday's Pre-Market

US GDP came out at 8:30am today, it stood up at 3.8%. It is better than expected. Market looks to be opened a bit higher at the open, but the employment cost index is bit higher than expected. Because of recent down on volume close days, I would use caution today, wait until market is back first.

If you follow the CAMSLIM methodology, market weights the highest. If we have a good market, stocks tends to follows.

Today's stocks to watch:
Positive momentum stocks: CSTR (plan to install machines to Walmart and good earnings, WOW, this is big news, looks like a buy today), AVID.
Negative momentum stocks: DECK, MXIM, IVGN, MSTR.

Thursday's After Market

Another big distribution day for the market. The market is very bearish right now. I would advise to get out of margin right now. No improvement is insight. The distribution volume is getting worse on a daily basis. Many well-known stocks are down big today, (DRIV, BIDU, KCI, FOXH, etc). But there are a few exceptions, up big today with volume are: MRGE, ESRX. I picked up some Dec 20 call options for MRGE around noon today. This one looks quite bullish at the moment. My favorite ISRG is only down about $2, it was up $18 yesterday. It still looks very bullish to me. I personally think ISRG is the Medtronic in the making. The demand for their robots are phenomenal. ISRG and MRGE are the two gems from the bad market today.

Thursday's Mid-Day Update

The market has decided to go down today because of the bad durable goods number and more bad earnings from companies from the good ones. Small cap stocks had the biggest hit today. Those stocks had pieced thru its 50-days MA, it is an automatically sell for, and tremedous volume has picked up by them as well.

UP:
ESRX 70.61 +8.54 (vol +400%)
MRGE 20.90 +1.78 (vol +500%)
OPWV 17.53 +2.25 (vol +400%)

DOWN:
DRIV 27.03 -10.45 (vol +1000%)
CBI 21.95 -7.77 (vol +900%)
KCI 44.75 -11.25 (vol +900%)

Market Breath: (up to down is about 2:1 for both NYSE & Nasdaq to the negative)

MRGE has gathered a lot of strength even with today's down market. Call option on this one looks very cheap as compared to the stock. I placed the Dec 20 call around noon time. Its premium is only $0.65 more than the stock price, I think it will go up at least another few dollars. It can give you 200% return in a one month span. It is a buy for call right now.

Thursday's Pre-Market

Durable goods number is down -2.1% reported by the US Commerce Department. The market looks to be opened lower today. With many companies' earning reports out last night and this morning, more reported down than up. The outlook does not look that bright this morning. The following stocks have the highest up/down momentums, more heavy downers than upers. I would proceed with caution today.

UP:
CAMP 20.00 +9.01 (must be a glitch, no news and low volume)
ESRX 68.55 6.48 (10.44%)
ALDA: 28.60 2.1501 (8.13%)

DOWN:
PPDI 54.33 8.12 (13.00%)
SRDX 37.00 5.71 (13.37%)
APCC 21.00 3.27 (13.47%)
AMLN 33.41 4.58 (12.06%)
BIDU 68.70 12.35 (15.24%)

Wednesday's After Market

Market closes on the low of the day. Volume has picked up today. Another distribution day. There are some outstanding performers, ISRG (90.20 +18.21), its earning out smashed the estimates. It could be the next Metronic (MDT). It is a buy.

Stocks to watch tomorrow:

UP:
(ALDA 28.80+2.35) - earning on the upside
(ESRX 62.07+4.93) - upside guidance

DOWN:
(BIDU 68.37 -12.00)- did not exceed "whisper" number, outch!
(FOXH 48.45 -5.23) - Still lose money, lost upside momentum
(DRIV 30.26 -6.82) - downside guidance

If ALDA pasts its old high $30 with volume, and it would be very bullish. I would place a buy-stop at $30.10.

My US Stock Blog

I am a very active stock trader for many years. I trade stocks which trade in the US exchanges only. There are a few principles I follow: William O'Neil's CAMSLIM methodology and buy stocks with momentum. I will do update every trading day: pre-Market, mid-day, and after market posts.

Also referred to as C-A-N-S-L-I-M, or CAN SLIM:
C - Current quarterly earnings per share has increased sharply from the same quarters' earnings reported in the prior year.

A - Annual earnings increases .

N - New products, management, and other new events. New high fort the stock.

S - Small supply and large demand for a stock creates excess demand, and an environment in which stock prices can soar.

L - Choose leaders over laggard stocks within the same industry.

I - Pick stocks who have institutional sponsorship

M - Determining market direction by reviewing market averages daily.

Stock momentum is very important to me because you can make money from the wild swing.