Ask questions on longs ONLY here.

This is where you can post stocks you want me to analyze.

josh check out FILE
whats your thought
tia

UARM

Josh - what is your reaction to it's move today? Appears like it will drop below 50dma of 37.85...

look at file's 5 year chart paints a totaly different picture

UARM, oops- good example why not worth being long in this tape, b'c no matter what a co. reports you have no idea which way it will go with sentiment right now.....stock was pricing blowout #'s like they have the last quarters, volume today already is big so the momo wants to get out and UARM is priced for perfection, not a good combo (PS- i mentionted on Mon that volume was lighter on this move back to its high(vs. the prior 2 times on 6/19 and 6/30 it hit a new high) which was a little concerning and seemed tired .......will see if it holds 50dma

Thanks ORKiter

I was trying to find potential signs for today's move that I may have missed. Hasn't dipped below 50dma quite yet...

DCTH looks interesting to me either on dips towards 5.25 or (preferably) a break above 6.  Thoughts????  (Thanks in advance)

UARM is getting support near its 50dma...looking to see this close on its highs.

FILE: it is getting there but the time is still wrong. Look at the 50 dma it is below the 200 dma which says that time wise the stock isnt ready to go up. We need some more uptrending backing and filling then when the 50 is over the 200 and then a breakout happens then it is the right time to go. Until then you have a wild but not volatile stock that is going nowhere. There is still no obvious direction. Just a stock going back and forth back and forth.

DCTH: this stock doesn't act normal or like to hold breakouts in a steady fashion. So if you must trade it I wiould only buy on the 50 dma and the current bas it is in is hard core choppy. Too sloppy for me.

I will sell half of my UARM if it stays just like it is on my TCNet chars. BOP is red so that will make my chart ugly and I will sell half based on discipline. If this selloff by the end of the day has BOP green along with the stock closing in the upper half of its range I will hold it. This will show me the 50 dma was used as support.

I'd keep an eye on VIFLD (just did a reverse not too long ago) for when their ticker symbol returns to VIFL...they're profitable and their revenues are increasing.  The business they're in (irridation of food for safety and sterilization of medical devices) is what I consider to be an emerging market.  One of their major competitors went belly a few years back, but their stock (SURE) got pumped to high heaven.  I think VIFL can do even better based on performance as opposed to hype.

Josh - trying to understand why you want to sell 1/2 of UARM.....I'm still new to this game of investing hence my name (TheApprentice)

UARM never dropped below 50dma today and closed much higher than it's lows. Would it's move today be considered "churning" or a distribution day despite the late afternoon rally? The weekly chart gives a better view of the horizontal base it's been forming over the last 4 weeks...shouldn't we at least see how UARM fares for the rest of this week?

I answered my own question about the "churning"

It would have had to close UP for the day - correct?

Excellent TheApprentice. Bravo!

This is what I love. You are answering your own question. Brilliant.

Your analysis is correct. That is why I am selling. My BOP went red that is enough to turn a pretty chart into an ugly chart. I don't like to stay long 100% of my original position once a chart starts to get ugly. I take caution. But since this was such a nice job of support I am only selling 25% of my UARM. The chart appears to have a very high chance of fixing itself.

Great company, great fundamentals, good chart, and great products. I use their stuff. Great athletic wear.

Josh, what do you think about lbix ?

I like it a lot!!

Very pretty chart. Very nice recent base. If it bases for another two weeks just like it is--nice and flat and quiet--I will be buying me some LBIX. But for right now the darn stock is way too volatile and I can see it dipping to the 50 dma and driving me nuts. I think it is best to wait for the breakout from a longer basing pattern (NOT THIS ONE--too short) or buy it on a low volume dip right on the 50 dma.

look at my BSML right now. If it looks like that then go long. But right now LBIX base is too short.

Thanks for the insight

You are very welcome.

Hey Josh, take a look at this one. AXE.

Was AXE forming a cup with a potential handle (we'll see today movement, the handle is not formed yet.)?
Or the right side of the cup is growing too fast. If not, It could be a potential Cup with Handle pattern.

A reason to have AXE on screen.  

ciao
D.

Hey Josh,

Several questions.  Btw, love the books on jesse livermore..  

What do you think of FTBK on a pullback to $36 or it's 50dma?

Is $31,10 the correct pivot for TWGP?  

And what is the correct pivot for UARM?  I believe it's currently forming a base-on-base pattern.  Could the pivot be $43.60.  I bought it earlier when it broke $41.54 but I got stopped out when it dropped below 8%.

Thanx Josh

Just sold flag, I catch this right after the base.  What will you do if it run from 21 to 25.2 in just 4 days in my situation ?

What do you think about sjr ?

I have this as in my long term position, based what Josh just described:

just IPOed

I will sell it when I see it build retail stores across the country

Thanks Josh

A new stock is now on my radar screen this morning IGT

"The Big Picture" stated this morning how this stock has more than held its own the past few months. The chart is forming out what appears to be an 11-week cup formation starting in May. I'm now waiting to see the handle followed by a breakout on above avg volume...

IGT has weaker EPS and Sales % than I'd like to see (70 overall rating) but if I've learned one thing it is not to argue with the market or try to figure out WHY a stock is moving the way it is. Does this look like a possible cup w/ handle to you?

Pivot price of 39.08 - little help from MarketSpeculator on that one

IGT Chart attached

Sorry - no high tech chart service for me. My college budget is thin enough as it is so for now it's stockcharts.com for me!!

Also, how about BVN?

Great stock fundamentally but the chart has been a see saw ride as of late. Is the big jump today a reason to believe the 50dma will creep up again? Looks more like an 'exhaustion gap' to me...

AXE: could very well potentially turn out to be a very solid pattern.

Mike....Yes to all of your questions!!! LOL.

SJR is nice

The Apprentice. I am already long IGT. Read my blog.

BVN??? really??? You want to play that chart. Isn't that chart a bit choppy, ugly, disgusting, and sad? I think it is. Yuck.

Can either of you link up BVN's chart....all yahoo has is the 5 day for some reason.  Choppy means volatility to me, and if the volume is good then potentially good for trading.

http://www.stockcharts.com

It's Free

I didn't say I wanted to play this stock - I wanted your opinion. Fundamentally its great, but I'm trying to improve on technical analysis. I agree that this chart is awful, disgusting, perhaps YUCK if thats the word you'd like to use

You've been doing this 11+ years and know a whole lot more than I do. I'm TheApprentice here

YeSSs~!! Thank you Joshua

Thanks apprentice, I was just being lazy....looks like she's flying a bit high right now, and OBV indicates distribution.

look at the real chart where the real money is made the long term. You can not get 200% gains in four days. Why trade a four day move? Look at the bigger picture. CANSLIM is the best method for the past 10 yrs for a reason. No strategy is superior to this one.

Look at this chart for God's sake.


If you can't tell me 7 things wrong with this chart then you need to go back to charting school.

Long story short I manage a fund for my university but don't have full say as to what we invest in. This stock is in our portfolio and I have never been a fan. Today's jump is more reason in my mind to SELL. I shouldn't have posted this question on the 'Long' page - I am looking to sell, sorry for the mix up

I will be the first to admit that I need to go to charting school though

No mix up. That is what all of these forums are for. Mix and match. I just saw a personal question asked in a market discussion forum. It is no biggie.

BVN would be more of a sell to me than a long with this chart pattern.

How does everyone make such little charts?

I downloaded that program from windows XP that lets you resize it but it still looks funny without being full screen.

Joshua, I have read your blog for awhile and really appreciate what you do.  I have a question for you and I am not sure if this was the right topic to post it.  I have read in your blog how you scan for stocks, after you do your scan on TCNet do you weight any of your criteria more than any other?  Or are all stocks in your list considered "equal" until you check your charts?  If this is a repetitive question I apologize but I did not see any postings referencing this.  Thanks, Curtis

This is a great question (technical based):

No criteria is weighed more than the other except for volume. If one stock breaks out and has great fundamentals and another one does too the one with the biggest volume surge would be more of a favorite. Also the more green BOP (the bars on the bottom window of my charts) the better. In the previous uptrend, the base, and on the breakout if the BOP stayed green I will go more long that stock than others.

Another very important thing that is weighed more than anything else is the visual pleasure I get from the shape of the base. I can tell within a quick glance small things that I don't like. If the base is flawless I will weigh it more.

So volume is the most important thing, the shape (tight tight basing..little change in price) is the next most importatnt thing, then the green BOP is important.

Those are the three things that always indicate to me I have a possible great long.

CXW BSML so far are good examples...but EGOV was too at the time and it failed. Want to know why? We are not in a bull market.

When these picture perfect patterns create themselves in a bull market it is almost automatic that they work in the early stages!! In later stages of a bull market like the rally from October-May you will see lots of charts that are close to perfect but still will fail. These beautiful charts in fresh bull markets are the stocks that normally give me 200% plus gains.

Thank you for your answer.  I am trying to create some of my own screens and I like the criteria that  you use.

Josh, I tried to screen a short list last night, I got 122 short candidates.  How many candidates normally show up in your screening ?  Do you go through each of them, it is painful go through in stockcharts.  Is there any way to specify 50 dma is decline as screen