I DO NOT KNOW WHY THE POST FROM YESTERDAY DID NOT SHOW UP!!!! BUT HERE IT IS. HOPEFULLY THIS PROBLEM GETS FIXED. THANK YOU AND I AM VERY SORRY FOR THIS MISTAKE. UGH. 
…If you are not already long, there are not a lot of stocks that are holding up in “safe” buy patterns like we had earlier on in April, May, and June. Since then it has been a wild (and I do mean WILD) mix of strong stocks and poor stocks that looked to be MORE promising than the stocks that worked. Some Featured quality stocks are still lagging these super-speculative stocks. And while I do not mind that it sure is hard to invest OPM in CRAP! However, when crap is moving the most (BCRX for example) the best thing you can do is follow these stocks intraday.
Their daily/weekly charts show signs of impropper bullish action during this most recent uptrend and the volume details overall in the Nasdaq and NYSE still bothers me a little forcing me to go with my gut and say we do need another base building period before the “I am really CONFIDENT!!!!” that THIS will be HUGE stocks start showing up. If more of my longs would not have had such wild actions–one of my biggest being ARST, for example–maybe I would be more confident in the uptrend. Or let me put it this way: if the market was moving higher with stocks showing SMOOTHER and more ROUND action maybe then I would be more bullish. However, I am more bullish based on the current trend of stocks going up. The stocks that I own that are moving up are mainly the most speculative positions I had to choose from. I tell you what if you run OPM like that, they are going to end up dumping you one day due to stupid trading. Crazy trading might not work well now but it would work IF I COULD GET Featured quality longs to join in the real bullish action. The only great news is that they are leading. So if we can get a selloff mixed in with lower volume, the crowd gets more bearish, and then we reverse and move higher then I will definitely be bullish.
Right now, I am bullish based on the “TREND overall” of the stock market. This is the action I like in indexes and some of my stocks but the rising wedges the no huge accumulation day with 1 or 2 perfect breakouts is getting old on my mind. I need to see some sideways action, a pullback on lower volume, and/or a continuation of this trend with better bases still being built in the market. I hope after I finish my scans tonight I see a little more hope. As I get older I hate chasing a lot more every day as it comes.
I met a nice gentleman from San Antonio at dinner tonight and the conversation helped lengthen my day to a point of where when I got home and looked at the time I went “uh oh.” However, it is my girlfriends birth-day and she had never been to this restaurant which does take a while to go over how everything is prepared and served. But I am back. I will go over my own longs (I HAVE TO DO THAT OBVIOUSLY) and shorts. When I finish the new longs and shorts, I will then go over the sells.
Starting tomorrow, everything SHOULD BE back to complete normal as the celebration of Kellie’s birthday comes to pass and the swelling in my legs from my most recent MS attack moves away. Thank God for time. It does heal almost all wounds physical and mental.
OK guys, unless this market just bores me to death again like it has been recently, I hope I can get back to completely getting involved with this market but something is missing from this market that I love and have always wanted: nice charts. If you are making more money than others then you should feel very blessed and thank your lucky starts for going long a RINO instead of a stock like STAR. However, at the time of the buy you would have been silly to “load up” on RINO over ARST.
Great luck out there everyone, there will be no video tonight but subscribers have access to my two videos from yesterday. We will be back to normal FOR SURE on Monday when a TON of our crew come back from vacations and others return. So I will do my best to be on top of everything like I was till last week when the problems got VERY BAD (MS, broken toe, and other difficulties) on my legs for the 5th time in the past six months. Once again, everyone, great luck out there despite the tricky trading.
free YouTube video will return tomorrow. Aloha!!
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