BLDP
Budd Foxx
Breakouts and Technical Analysis of Chart Patterns
Gapping Up: RSAS +16%, MERX +16%, THC +13%, GORX +5.2%, XING +4.8% (only 1,100 shares), ELN +4.1%, DUK +3.6%, NXG +3%, VLO +2.5%, PEIX +1.8%, NOK +1.2%, CLMT +1%... Gapping Down: NWRE -34%, AAP -19%, IFN -6.9%, RHAT -6.7%, ATYT -5.5%, TEVA -2.1%, BSX -2.1%, JNPR -2.1%, BRCM -1%. |
Gapping Up | |
CMVT +4.6% (granted continued Nasdaq listing), BMET +3.8% (reports MayQ), PEIX +2.2%, IFO +5% (light volume: 1,200 shares), QLGC +4.6% (light volume: 1,100 shares), BRCD +1.9% (recovers a bit after 6% drop yesterday), ERICY +1.9% (signs microwave agreement with Telenor), SIRI +1.3%, BIDU +1.3%, RDS.A +1.2%, STM +1% (places orders for multiple Alpine-S thermal-wet scrubbers), MSFT +1% (extends recent move)... Mining stocks are strong on geopolitical concerns: PAAS +3.2%, AAUK +1%, GLD +1%, NEM +1%... Under $3: TPO +29% (extends yesterday's 58% move), ENMD +11% (granted orphan drug designation). | |
Gapping Up | |
UVN +6.5% (accepts $12.3 bln Saban bid), TRB +6.2% (to buy back 45 mln shares), ESCL +7.7% (note, light volume of 6,000 shares), EXP +6.6% (guides higher), IDIX +6.4%, USEY +6% (momentum), STKL +5.8% (announces deal to expand distribution), XING +4.8% (attributed to report that co's parent plans to enter mobile phone chip R&D; also, co is expected to provide updated data), RBNC +22% (announces merger), PALM +3.9% (RBC upgrade and takeover chatter), BIDU +3.5% (NY Global Securities positive on BIDU; expects big EPS upside), UCO +2.9% (files for IPO of its Universal Compression Partners unit), OMNI +2.3%, LRCX +2% (UBS upgrade), GM +1.8% (announces higher than expected number of employees accepting early retirement offers), NTRI +1.5% (positive TWP comments), HGSI +1.4%, E +1%, INTC +1% (MRVL to buy processor unit)... Under $3: DSCO +22% (sees manufacturing improvements). |
Gapping Up | |
N +12.0% (being acquired by PD); FAL +7.1% (being acquired by PD); FNSR +6.4% (wins $78.9 mln patent infringement verdict against DIRECTV); CIEN +4.4% (upgraded to Market Perform from Underperform at Morgan Keegan); POZN +6.7% (positive data on investigational migraine therapy); PFE +3.1% (reaches agreement to sell its Consumer Healthcare business); ENDP +1.8% (target raised at FBR)... Mining Stocks: EZM +4.6%, AAUK +2.1%, BHP +2.1%. |
Gapping Up:
FSII +10%, PHG +4.6%, RNAI +3.7%, MS +3.2%, GLBC +3.1%,
ERTS
+2.4%, FDX +2.1%, FDRY +2%, MOT +1%, ERICY +1%, Under $3: FONR +56%....
Gapping Down:
UVN -4.5%, TEVA -3.6%, ATYT -1.6%, RCL -1.4%.
What’s the target? Objective entry, stop-loss and acceptable capital exposure. Learn how to attain these by trading with the trend.
Most traders have heard the old market adage, “the trend is your friend.” However, once a trend has actually developed, how does one get into a trade in the direction of the trend with acceptable capital exposure? To do this, it is necessary to first observe and learn the different characteristics of a trend and counter-trend (or correction).Jesse Livermore made $100 million in the Great Crash of 1929 by being short the market. Shorting, or borrowing stock and selling it in the expectation it can be bought back more cheaply later, was viewed as unpatriotic, and Livermore was pilloried in Congress.
Shorting is still regarded as verging on contemptible. You can't do it in government-regulated accounts like IRAs and 401(k)s. But it's still a great way to make money when everybody else is losing it -- and right now, a lot of us are losing it.