By Josh Hayes on December 16, 2008
What an amazing rally. Considering the Fed lowering interest rates is a signal that they are telling us that the economy is in a LOT OF TROUBLE! it was shocking to see the rally today. I am literally beside myself that the Fed could slash rates so much clearly telling us “doo doo is about [...]
Posted in Free Archives Longs
By Josh Hayes on December 15, 2008
Not are there not any longs but my scans that produce stocks that are setting up in proper bases before breaking out are getting THINNER and THINNER. I am losing stocks left and right in these list and that just increases my hunch that our next big move is down not up. Recent breakouts continue [...]
Posted in Free Archives Longs
By Josh Hayes on December 12, 2008
I am a little surprised that I actually have a new long after the day we had today. Why am I surprised? Because after yesterday’s selloff and low volume rally today, I thought it was going to be impossible to find new longs. Glad I am wrong but I hope this one works out better [...]
Posted in Free Archives Longs
By Josh Hayes on December 11, 2008
This shouldn’t be a surprise to anyone that has witnessed me completely sell my two most recent longs the past few days. Good thing I did that huh? This market is failing right at the 50 day moving average and for the first time in years I am without much to even look at: COGT, [...]
Posted in Free Archives Longs
By Josh Hayes on December 10, 2008
I can’t stress this enough, something is still wrong out there. We have yet another new recent long giving us a full 100% sell signal and another leading stock showing signs of weakness within its uptrend. This has me extremely cautious now. A couple of these recent longs have looked really good starting out and [...]
Posted in Free Archives Longs
By Josh Hayes on December 9, 2008
With today’s market losses and low volume, my scans were virtually empty with any stocks that were of any quality. Despite this barren wasteland of no charts, the Featured master scan is showing many leading stocks possibly trying to put in a bottom. By far the best looking possible bottom in a stock that was [...]
Posted in Free Archives Longs
By Josh Hayes on December 8, 2008
Today was a very bullish session and if you thought there might be a new long you have to remember that we are coming from an extremely bearish downtrend unlike anything we have seen in 75 years. So this has rendered my “perfect patterns” destroyed for a while. Now, we do have five longs and [...]
Posted in Free Archives Longs
By Josh Hayes on December 5, 2008
I know this might sound crazy for those new to the stock market, but trust me EVERY SINGLE experienced investor understands, that there were no new longs tonight. But this market is still in a long-term, intermediate, and sub-intermediate down trend and expecting any stock to have a nice smooth chart pattern that I have [...]
Posted in Free Archives Longs
By Josh Hayes on December 4, 2008
How could there possibly be any longs today with the market falling over 2% across the board and volume being lower. The answer is there couldn’t be. Well there could be, if this was a bull market but sadly it is not. And to prove that, yet again, another new long that we have taken [...]
Posted in Free Archives Longs
By Josh Hayes on December 3, 2008
There is only one stock that appeared in my scans that could possibly be a new long. Everything else is either extended already, still too deep in the base, or is breaking out of a very ugly base. This stock is breaking out a bit early than I wanted it to. So it is a [...]
Posted in Free Archives Longs
