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Stock Watch List for November 11, 2009

Ryan Mallory — Wed, 11 Nov 2009 13:03:00 +0000

Happy Veterans Day to you. Make sure to take time today and remember the HUGE sacrifices that have been made and are currently being made by our soldiers in harm's way. The freedoms we enjoy today definitely wouldn't be the same with the brave men and women who have served on our behalf.

Now on to the daily report here...US Futures are way up this morning with the Dow up 70 points, the NASDAQ up 13 points and the S&P up 8 points. Overnight, the Asian markets were up about

NASDAQ and S&P Hitting Resistance

Ryan Mallory — Wed, 11 Nov 2009 04:07:00 +0000

Not many traders pay attention to weekly charts, instead their focus is mainly on the daily charts. However, a quick glance from time-to-time at the weeklies, particularly on index charts, can show you things that the daily charts never will. On the weeklies below (for the NASDAQ and S&P), both indices are butting up against key resistance levels, that has for quite some time now, kept the markets from moving drastically higher.

The NASDAQ since the better part of July has stalled at the resistance level noted below, which comes

Stock Watch-List for November 10, 2009

Ryan Mallory — Tue, 10 Nov 2009 13:55:00 +0000

Good Morning, and there is some good news, that is I have my stock screening software back up and operational and there are definitely some nice plays lining up for the day.

Overnight, Asian markets were up about a half percent overall, and European markets are seeing minimal gains so far. As for US Futures, the Dow is down 21 points, while the NASDAQ is down 4 points, and the S&P is down 3 points. Not surprising considering the rally we had yesterday.

On the economic front, we

Stock Watch-List for November 9, 2009

Ryan Mallory — Mon, 09 Nov 2009 12:35:00 +0000

The bulls are off to an early start this morning and it looks like the bears are hitting the snooze button on their alarm clocks. Overnight Asian markets were up 1% while European markets are up 1.4%. Currently, US Futures are up 85 points on the Dow, and 15 on the NASDAQ and 10 points on the S&P. I got long position in DXD which isn't looking very good heading into the open, and will likely be stopped out in the early going. It will be a quiet day on

Stock Watch-List for November 6, 2009

Ryan Mallory — Fri, 06 Nov 2009 14:08:00 +0000

What a rally we got yesterday and whether or not it continues for us today willl all depend on the employment report that comes out at 8:30am EST. I'm 100% cash right now and plan on staying that way at least until after the first hour of trading is complete and the employment number has started to sink in. There was a part of me that so badly wanted to get in a few positions at the close yesterday to try and benefit off of the action that ensues once the report

Closed My Trade In Apple (AAPL)

Ryan Mallory — Thu, 05 Nov 2009 20:54:00 +0000

Yesterday, I purchased some shares of Apple at around $191/share. I planned on holding these shares for a little while longer than what I did, but after yesterday's final hour sell-off and the behavior that we've gotten out of the market this week (i.e. no certain direction at all), and especially with the unemployment number coming out tomorrow morning, I decided not to risk being a bagholder.

I realize that there is a strong possibility we get a good rally out of the market after the jobs number

Stock Watch-List for November 5, 2009

Ryan Mallory — Thu, 05 Nov 2009 12:31:00 +0000

Its the day after the release of the FOMC Statement, and it is worth saying, that there is no way to know, with any certainty, how the market is going to respond today and tomorrow (that's usually the case everyday really). The market is all over the place this week, and I am struggling to have confidence to trade in either direction. I also haven't been too happy about my management of my trades of late, as I have been over-managing them (yes, you can do that!) and far too often

Markets Seeking Direction - Trading Aimlessly

Ryan Mallory — Thu, 05 Nov 2009 03:42:00 +0000

The past three days have been tough days for trading. There have been really no patterns to follow, and technical analysis has been awash. Add the Fed spewing their garbage today, and you have a market that is all over the place, and honestly it is quite frustrating.

As it stands right now, determining direction from this market is extremely difficult and whether it continues the bearish trend that it has been on of late, or if it bounces in the short-term to relieve some of the oversold stress the

FOMC Statement 11/4/09

Ryan Mallory — Wed, 04 Nov 2009 20:26:00 +0000

Here's the FOMC Statement from Uncle Benny and the Gang

Release Date: November 4, 2009

For immediate release

Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period. Activity in the housing sector has increased over recent months. Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still

Trading AAPL Once Again After Gap Fill

Ryan Mallory — Wed, 04 Nov 2009 19:51:00 +0000

Apple has been probably one of my favorite all-time stocks for trading in. It is really the stock that keeps on giving. While it is in my opinion one of the best stocks/companies of the decade, it has also provided a ton of buying opportunities along the way. In other words it plays well with the "Official Technical-Analysis Rule Book" (not that there is such a book out there - maybe I'll be the one to write it - syke!).

With that