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It's Milluh time
Enjoy, everyone!
Enjoy, everyone!
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Does anyone know if GIGM was chatted up on any boards or services today? Sure seems that way.Comment
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Bowtie candidates for next week
JFR
AEOS
JOSB
MKC
SXT
JTP
1. The MAs shift from proper downtrend order (10-SMA < 20-EMA < 30-EMA) to proper uptrend order (10-SMA > 20-EMA > 30-EMA). What you're looking for is for the MAs to converge and then spread out again, giving the appearance of a bow tie.
2. Today's low must be less than yesterday's low.
3. Tomorrow, place a buy order 1 - 2 ticks above today's high good for tomorrow.
4. If not filled, continue to work the order above the prior day's high good for the next trading day until either filled or the stock trades below its 20-day EMA.
5. If filled, place a protective stop below the low of (2).Comment
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Just a quick thanks
I finally got over to your own board, although you replied to me a few times over on Spike's board. All I just want to say is a big thank you for your great ideas and comments.
Willing and able to learn...Comment
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Glad to contribute, Mystiky.Comment
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Hey dsteckler, can you give me an example of what this looks like on the chart so i know what to look for? thanksOriginally posted by DStecklerComment
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This chart shows two examples of bowtie crossovers, the first down and the second up.
The white ellipses show where the crossover occurred.Comment
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Looking at that chart I see where it's very difficult to see the blue 30-day EMA . Look carefully and you'll see it; it's almost blue-black.Comment
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Futures slightly lower
But anything can happen between now and 9:30 tomorow morning.Comment
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A few to watch this morning
BTU - coal. Black diamonds, etc. <g>. Phenomenal earnings growth for the upcoming quarter and next (up 90.91% and 333.33% respectively, YOY). Action on Thursday and Friday was one of hesitancy and you just know the market is going to have a few days of weakness to take in some of last week's profits. Definitely worth keeping an eye on.
GRP - O&G. Forming a mini-coil. Also great estimates for the next two quarters (up 147.62% and 93.1% respectively, YOY). Extremely high ERG (290) and %A/D = 68.8%, %OScore = 80%. Energy stocks look a little weak pre-market.
LMS - construction. Stock traded in a very tight range Wednesday - Friday. It pulled back from its high in mid-December and has now retraced 50% of that pullback. Estimates for the upcoming quarter are up 716.70% vs. year ago.Comment
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MESA update
Has made a beautiful run since the V-spike bottom of 8.25 but volume has been diminishing as MESA moves higher. If you're long, placing or raising your stop wouldn't be a bad idea.Comment
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Hawk
Just announced great earnings report and 2006 outlook. Stock is up 6% pre-market. Will be interesting to see if this holds or if it is sold into during the opening 30 minutes.Comment
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GRP double top
On the 30-minute chart. A pullback to the 20-bar EMA could make a nice entry price.Comment
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CERS big gap up
Huge gap open higher on CERS. Up 13%; no news that I could find.Comment
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GRP seems to have stabilized around 47.95 on the 30-minute chart. Think I'll pick up some shares and see how it plays out.Comment
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