There are no new swing longs for Thursday as the poor market action has turned many nice charts into ugly charts IN JUST ONE DAY. That is simply disappointing. There are some nice "potential" patterns forming and they are listed on the watchlist forum.

Adding to CANSLIM long: TESOF

TESOF is breaking out of a 10 month long cup with handle, on extremely strong volume. This appears to be the start of another uptrend like the one from May 05-Jan 06. This move comes after a downtrend on low volume that had BOP stay out of the red. Before this move today, prices have already been crawling up from the bottom, in Oct., on clear accumulation, low vol. pullbacks, and with BOP above the zero line and near max green or in max green territory.Combine that with today’s breakout on huge volume with BOP staying max green and you have a beautiful chart. The fundamentals are excellent as well. EPS has been growing from 92-525% the past three quarters and sales have grown from 44-110% the past four quarters. Estimates for earnings this year is for a 47% increase. What makes this stock speculative is the fact that it trades under 100k shares avg. a day and has a 60 RS. Normally, you want it in the 70’s. Cut your loss w/ a close below the 50 dma and/or the 19.18 area, if the stock does not follow through on this bounce.

One New Speculative CANSLIM Long And One Speculative CANSLIM Long I Am Adding To My Existing Positions; Keep New Buys Small In A Correction
By MauiTrader

New speculative CANSLIM long: FALC

FALC

Adding to speculative CANSLIM long: TRCR

TRCR

One new speculative long for Tuesday: APFC

**I do not recommend investors go long in downtrending markets**

One new speculative swing long: LPSN

Adding to current speculative long: SGIC

New speculative CANSLIM swing long: CYTC

Adding to speculative longs: SGIC INXI

No new swing longs for Monday

Adding to my speculative long: NYMX

new very speculative swing longs: AFAM ATA

Second day this year of the market being trashed. It is also the second time this year that I have no new swing longs or any stock that I want to add to my existing positions.

Time to start shorting.

one new speculative swing long: GTW

new CANSLIM swing long: CLUB

new speculative swing long: IW

no new swing longs

adding to swing long: FALC

Three new speculative swing longs: EDP REFR VSR

No new swing longs

Adding to existing speculative swing long: LPSN