• Members Area

  You are not currently logged in.

  Username:
  
  Password:
  
  Remember Me
  
  
  » Register
  » Lost your Password?
• View All
  
  
• 
  
  
  • No categories
• 
  
  
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009

Dear Fellow Traders

It was a volatile year for stocks but it looks like the market ended 2009 on a positive note and that momentum could continue on into the new year.  It was no surprise that investors took the opportunity to take some of their profits.

The Dow Jones Industrial Average ended Thursday on a down day. However, volume was relatively low and the index remains near the top of its range. This leads me to believe that the selling was more about taking profits than a drop in optimism.

Thursday was also a down day for the tech sector but again I am not surprised. Seven of the last nine trading days of 2009 were positive for QQQQ, the ETF of the NASDAQ Composite. Again I think it’s more a sign of profit taking then people moving away from the stock market.  I hope to see some support come in around the 44.50 area as it pullback.

The last trading day of the year was exciting for the stocks we are watching. I like what we are seeing in RVBF. We found some support around $0.08, which made a short-term double bottom. On Thursday the stock opened at $0.10 and ended the day almost a cent higher. I think we could easily take a run at the Dec 11 high of $0.149 in the near term.

We saw some support in EYSM, which is encouraging. I was expecting $0.02 to hold as a near term bottom but volume remains low. Now that the holidays are over volume will probably return pretty quickly and this stock could easily take a run towards $0.05 after friday full reversal signal.

BGEM is also finding some support but again it’s on lower volume. This stock is exciting and I think it has a lot of room to move higher in the near term.  It is encouraging to see all these stocks have positive days when the market sold off. This stock also offered a reversal sign showing the start of a new potential move up from the recent decline of 9 consecutive days with lower highs and lower lows. Now we just had the first time with a new Higher High than the previous day…this is what we were waiting now we need to see it continue….

Taking a look at BRYN, I think we are close to finding a floor with this stock. Keep it on your watch list….

KNDR is an interesting stock that I am watching again. For most of the month it has traded in a very tight range between $0.06 and $0.08. What is exciting is that volume appears to be coming back. Yes it is still low but Thursday was the most active day in the last few weeks. When the market is in full swing I think this stock could be an  easy double from here….

I am still watching ANYT and it shows a lot of strength. If very strong volume comes in with proper price movement this will be the start of another move up.

I do like what I am seeing in GETG. Volume was pretty good on Thursday and the stock continues to rally.  If you were attentive since we pointed out this stock, thursday gave us a clear signal; with strong volume and nice price increase after 2 days of consolidation…

Have a Great Trading Day and a Great 2010…

Francis