One New Featured Long Position, One New Speculative Featured Long Position, And Four Stocks I Am Adding To My Existing Long Positions For Wednesday’s Stock Market Session

First off to all the new members who do not yet know how solid I am with posting every day I want you to realize that I always work no matter what happens to me. But today was so hard on me, and OF COURSE ONCE AGAIN, nobody is quite sure what is wrong. The good news is that the pain is not bad enough to stop me from helping you take control of your financial future so that you do NOT have to rely on the government when you are older. Why so many would want to rely on someone else is beyond me. Plus what if our government doesn’t exist in 25 years. Then what? And for those of you who sometimes want me to tell you which of the six stocks to pick for you I have one question for you. What are you going to do when I am dead? The returns that I have on my “PAST BIG WINNERS PAGE” and the older past big winners that I show in the investors corners section from IBD on my forums are not impossible to learn how to spot. But remember there is somewhere around a 90% to 99% failure rate of those that try to invest on the stock market on their own. Not to many people have the ability and vigilance it takes to learn how to buy stocks right and then WAY MORE IMPORTANTLY know how to sell them at the top to lock in most of the gains. Very few people can manage more than a 100% return on a stock, if they get it right. Very few can buy the TASR (that comes along once in every 5-10 years, mind you) on the breakout and sell it at the top locking in the near 3,000% gain. I have been in this business for almost 13 years and I have tried to find someone that can buy the best stocks on the breakout, where it is safe, and then sell the top. I have only found a few places, and folks trust me there are not a lot of them. This is why instead of telling you which one to buy I want YOU to figure it out on your own. I want YOU to figure out which chart combined with the fundamentals make it the best long to take. ONLY THEN will you be able to finally take full control of your financial life and get wealthy. If this was still 1999. Sure!!! Why not just give you the best. However, how does this help you in the long run? How will this make you a better player. Wouldn’t you want to be Tom Brady or Alex Rodriquez or Mario Lemiuex, instead of just watching them all day long until they retire. When I retire, how in the heck are YOU going to find your stocks? From someone else who will die one day. The reason I bring this up is because someone mentioned that they wanted to know why I bought more DGLY than PWRD. I think if you just spend some time watching my trades, studying the past winners, and watching how poorly some of the “nasty” stocks trade that I post on my forums it will answer that. Now for today only I am going to rank which charts I like here the best. Let’s see if you can see why I do so (remember, fundamentals ALWAYS COUNT) but for the charting aspect of today’s lesson the fundies will not be supplied. STSI is the best, followed by MVL, VISN, PSEM, SYKE, and SOL. But showing you how important fundies are the rankings, would be along the line of SOL PSEM SYKE VISN MVL and STSI. It makes me wonder how people (who make comments; not contributors) on Seeking Alpha post the crap they do on my comments like: charts are NOT important, etc…uhm, tell that to those that bought all those great stocks in 1987 and 2000). Remember all fundamental analysis is up to you, unless I have time. I normally do not have time to give fundamentals but if you are a newbie and really want to succeed I am sure you will take the time to study the numbers yourself. I will lead you to the water, YOU MUST DRINK IT. I refuse to drink it for you UNTIL IT IS A RAGING BULL MARKET. This is not a raging bull market and a target is on everyone’s head.

new Featured long position: SYKE

SYKE is bouncing off recent support as it coils for a possible breakout from this very nice saucer with handle pattern (this might be a cup; I am not quite sure due to some anomalies), on strong volume. Cut your final loss with a close below the 19.52 level, if the stock does not move higher immediately.

new speculative Featured long position: MVL

MVL is bouncing off great support, near the 50 DMA, and at the breakout point in early May gap higher on huge volume. Cut your final loss with a close below the 31.56 level (the lows of the base) or the 50 day moving average, depending on your risk tolerance, if the stock does not move higher immediately.

adding to existing Featured long positions: PSEM SOL VISN

PSEM is breaking out of a cup with a second handle, on strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

SOL is putting its third straight day of bullish intraday support and closing near the HOD for the second day in a row, on strong volume. Cut your final loss with a close below the 21.50 level, if the stock does not move higher immediately.

VISN is bouncing off support, near the 50 day moving average, and putting in a very bullish intraday reversal, on strong volume. Cut your final loss with a close below the 17.77 level or the 50 day moving average, once again, depending on risk tolerance, if the stock does not move higher immediately.

adding to existing speculative long position: STSI

STSI is bouncing off the 50 day moving average and breaking out of a beautiful and perfectly formed flat base pattern since that pullback on 3/7 started, on very strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.