By Josh Hayes on December 2, 2008
After today’s impressive rally, I heard a lot of people wanting to get long, now that they think THIS TIME the bottom is in (wasn’t it “in” back in March, June, September, then October…never mind). Too bad that there are still not the right proper setups to go long. The only stock that could be [...]
Posted in Free Archives Longs
By Josh Hayes on December 1, 2008
While the market was trashed today, there were still three stocks that made solid moves that have me keeping my eye on them. HEV, DMND, and OSIR still all have hope for a possible future breakout from a proper base. They are either too early or need another base to go with what it has [...]
Posted in Free Archives Longs
By Josh Hayes on November 28, 2008
Stocks rallied, once again, thus fulfilling my prediction of a week long rally on lower and lower volume each day. This should then lead to a failure around the 50 day moving averages in the indexes which should lead to future shorting opportunities. However, if a miracle has occurred and instead this is the first [...]
Posted in Free Archives Longs
By Josh Hayes on November 26, 2008
Despite the exciting rally today, the extremely low volume left a lot to be concerned about. The indexes are getting very close to the 50 day moving averages that are in solid downtrends and this could act as short term resistance to this rally that is continuing to lose steam, via the volume, on each [...]
Posted in Free Archives Longs
By Josh Hayes on November 25, 2008
Today was a slightly positive day on lower volume and even though I did not think I would have any new longs, one of the longs we have been watching has broken out. ASEI is turning around on a fundamental basis and is showing increasing mutual fund sponsorship making it a much stronger long than [...]
Posted in Free Archives Longs
By Josh Hayes on November 24, 2008
While today was, yet again, another very bullish LOWER VOLUME rally that shows that institutional investors still have NO interest in buying this market, there were still some positive stocks that showed up in the various scans that give me a slightly bit higher level of encouragement that this rally might happen sooner than later. [...]
Posted in Free Archives Longs
By Josh Hayes on November 21, 2008
It was a day of great gains, without a doubt. The only flaw with today’s rally came on the Nasdaq where volume came in lower. However, on the NYSE/SP 500 volume was higher than yesterday showing that institutional investors were interested at buying up the “bargain” SP 500 stocks after yesterdays route that sent it [...]
Posted in Free Archives Longs
By Josh Hayes on November 20, 2008
There was obviously no new longs tonight as the field of potential longs is almost completely annihilated. There is no doubt that this is the worst I have ever seen it, with only 3% of stocks over the 200 DMA, zero stocks showing up in my BOP scans, less than 5 stocks (ETFs are NOT [...]
Posted in Free Archives Longs
By Josh Hayes on November 19, 2008
With the stock market’s recent rally attempt coming to a crashing halt with 3 out of 4 of the major indexes hitting new 52-week lows today, it is safe to say that preparing for a possible rally has gone out the window. Along with a possible rally out the window, a lot of stocks that [...]
Posted in Free Archives Longs
By Josh Hayes on November 18, 2008
Whew. What a nice EOD rally we got today on all the indexes, taking the markets from around 2% losses to gains from anywhere from .8% to 1.8%. That kind of bullish intraday reversal was something very pleasant to see in a market that has been full of wild action that has usually left the [...]
Posted in Free Archives Longs
