The mixed session left the indexes basically not up or down 1% but it did produce a big surge in volume as options expiration hit the tape. That allowed a few stocks to produce some nice charts today. One of those is a speculative small bank stock. But Gold and Platinum members know that I have had my eye on this one for about a month now as it held up better than the rest and was stronger looking than most. The speculative Featured long that I am adding to gave me a partial sell signal yesterday as the stock did not move higher immediately after I went long a couple of days ago and more importantly volume picked up a tad from the day before and the stock lost its green BOP as it turned yellow. However, today, TSYS rebounded right back putting in a very bullish intraday session on very strong volume with BOP going right back to green. If TSYS can continue to climb and BOP can increase to max green like in May we could get a very bullish explosive move from this stock. Other stocks that I have my eyes on for future longs are ANSW, CIA, CRD.b, QSII, CWT, CMTL, JJSF, AAON, AIPC, ACET, IOT, PSMT, CFL, HITT, HTS, and MAXY. Cash is still king but don’t be afraid to wade carefully back into the long waters. You know where to cut your losses.
new speculative long: TCBK
TCBK is breaking out of a nice cup base on base pattern and bouncing off the 50 day moving average, on very strong volume with a large increase in green BOP. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately
adding to existing speculative Featured long: TSYS
TSYS is breaking out of a cup with handle pattern, on very strong volume and green BOP. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
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