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Apple (AAPL) looks overdone to the upside here. The stock is surging above its long-term channel and 10 week moving average lines. (See my blog at WordPress listed at the outset of this journal for an annotated chart of AAPL). I'm not advocating a short position, but new buys should be...

My inbox receives a lot of junk email promoting investment newsletters; most such email gets discarded without review. A recent piece caught my attention, perhaps because the claim seemed so bold -- $150+ oil by mid-year. The claim was backed-up by the writer's research showing that if oil...

While the U.S. stock market seems poised for a correction, some economically sensitive sectors of the market suggest any such correction may be mild. My attention is drawn to four areas: banking, retail, consumer discretionary, and residential construction. Strength in these areas suggests...

Where can you find a company with a P/E of 9, yield of 4%, growing earnings at over 70% yearly? The answer is in Canada's oil patch. Canyon Services Group (FRC.TO) provides drilling services for oil and gas companies extracting hydrocarbons from the massive shale beds located in Canada. A stock...

After weeks of going straight up in the U.S. stock market, Tuesday’s break announced the beginning of a possible correction. A view of the NASDAQ chart, the leading major index in the market, provides some insight on the recent action. As shown, the NASDAQ broke down from a tightening...

Carbo Ceramics (CRR) rose on heavy volume today off support near 52 week lows, clearing near-term resistance at 96.03. Short interest in the issue sits at 5.7 days. A director bought 2,000 shares a few days ago around 95. The unusual action today suggests a possible short-squeeze. I like the...

While several internal technical indicators suggest caution for the intermediate-term in the stock market several facts paint bullish picture for the multi-month time-frame. One positive is the out-performance of bank stocks since December 2011. Typically, the action in banks and financials...

This journal offers option and stock trading ideas based on a combination of technical and fundamental analysis. Most trades span a few days to a few weeks, although longer-term trades are also presented. Some market analysis is also included. http://jstradingnotes.wordpress.com

Predicting a major top is not a slam dunk exercise, even with time-tested indicators. That said, Robert McCurtain has developed a range of indicators with a reliable track record. And McCurtain’s indicators say proceed in the U.S. stock market with extreme caution. His latest article...

The market has finally run out of steam in the near-term. Two charts of interest, the NYSE Bullish Percent Index and the NASDAQ Bullish Percent Index today undercut their respective 20 period daily moving averages. When the bullish percent index undercuts the 20 dma in the indices, especially...

Its much harder to move size now than it used to be. I have to scale in and out and often settle for less size than I want.

Taking my 20%. Out the oils.

OK, I spent 30 minutes looking for the guy's name on google and it eludes me. I read an interview somewhere, maybe a major business journal or maybe one of the market wizard books.

There was a guy who traded for a living in the option pits in the 1980s that would buy out of the money options, and finance them with butterflies. He made over $100 million in the crash of 1987.

Cisco's new server technology means companies don't need to outsource server farms any more.

Yesterday presented a fine entry opportunity.

With the stocks charts looking good, I'll just trade the charts with an initial 20-25% target. My stop is about 3% loss right now.

I'd scale into these on a pullback. I'd get out if the xle broke back down, or one of the issues broke back down (under support). Over time, I've found the oil stocks don't break out of nice bases unless oil is going to hold on to prices or go higher.

Often times accounting irregularities point to control issues. I wouldn't touch it long for more than a day trade.

XLE cleared resistance this week. Some of the names in the sector that look good: WLL, BEXP, NOG, CPX