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TMG.V - 28 cents (Resistance @ 30 cents)
I'm seeing some promise, just need VOLUME to confirm my notes. Disclaimer as you may know and probably already intelligently assumed, lol, I do own TMG.V, with an average price in the mid to high teens, I averaged up. This remains my only long term play currently. Hopefully not that long lol. Remember summer is the extreme slow end of the sale cycle.
DAILY CHART
RSI (14) - currently at 58.1, the highest since early August, when the last contract was announced. 50 has been resistance for the last two months.
ADX (14) - looking nice, setting up strongly, like the fact that ADX has breached the 20s and is currently at 22.2.
MACD (12,26,9) - can we see a bullish crossover into positive terrority next week? It remains to be seen!?!
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WEEKLY CHART
ADX (14) - setting up
A/D - Wants to cross northwards
MACD (12,26,9) - has started to curve upwards.
RSI (14) - passed the important 50 mark, can it hold and grow from here, not without volume.
CMF (20) - continues to improve since early June, even though the PPS trends virtually sideways. CMF looking to go into positive terrority.
OT: Have a nice weekend as well imabuyer. See you here on Monday.
BoomTime
Hope you do well next week imabuyer! Cause if you do well, then I do well, lol.
BoomTime
4:01:22 PM Trade 0.0026 5200000
Shortly before the run to 0.0046 ekwx was trading heavy volume after hours. Wonder if that 500 share trade at .003 was a signal or not for a push upwards. Monday and Tuesday should be interesting.
Nice volume the last two days and remember volume precedes price.
Goodluck to all
BoomTime
Nice call tackler!
Thanks Ken,
Damn where was I back in Nov. 2003; I wasn't trading! lol
Hopefully we can have a good end of year run if I can position myself this month, properly! lol
BoomTime
EKWX - .26 cents
Consistent volume came in throughout the trading day yesterday, 25 mil. Should be interesting to see if we can get some follow through volume, which has been ekwx biggest problem so far. Highly volatile stock. Remember the saying volume preceds price.
Useful Article #3
http://www.investors.com/editorial/editorialcontent.asp?secid=1102&status=article&id=1322665...
Track Groups For New Signs Of Leadership
BY CHRISTINA WISE
INVESTOR'S BUSINESS DAILY
Internets dominated the first part of the last big bull run-up. Biotechs ruled the second.
Today, like faded high school football stars, both groups can only brag of their past deeds.
The stocks on each team are severely injured and will take time to get back into winning shape. But there's always another group itching to lead the stock market.
Market winners usually travel in packs. Stocks owe roughly half their price movement to their industry groups. Research shows that two out of three leading stocks were part of a leading group or sector.
When the market is working through a correction, it's important to pay attention to which industry groups are flexing their muscles. There's no guarantee past leaders will reassert themselves once the broad market recovers.
One way to find the stocks that may lead the market's next charge is to keep an eye on IBD's industry group ratings.
The list divides stocks into 197 categories. After each session, it calculates how each group stacks up against the others.
The paper also publishes an Industry Group and Ticker symbol index listing the stocks that make up each industry group.
To spot potential winners, focus on groups in the top 50.
Also note which industry groups have climbed from the bottom 100 to the top 50 in recent months. Groups showing these sorts of strong moves may have the energy to climb to the top of the heap and lead the market's next big rise.
A market rotation is under way.
Biotechs have surrendered their leadership and fallen to No. 31, as of Wednesday. The Computer Software Security group is No. 36, and Internet-Network Security is a dismal No. 60; both were in the top 10 seven weeks ago.
In contrast, semiconductor equipment makers, which were ranked No. 13 two months ago, are now at the head of the class. Their chipmaking siblings, formerly No. 8, are second in command.
Another way to spot up-and-coming leadership is to check out the table halfway down the same page. The new-high list shows the sectors, which are broader than industry groups, with the greatest number of stocks hitting 52-week price highs.
The top four or five sectors are where you're most likely to find winning stocks in a good market.
In the daily stock tables, the paper lists a letter grade indicating a stock's Group Relative Price Strength. You should focus on leading stocks in leading groups - those with an A or B Industry Group Rating and a Relative Price Strength Rating of 80 or higher.
Useful Artilce # 2
Weekly Volume Confirms Breakout
http://www.investors.com/editorial/editorialcontent.asp?secid=1105&status=article&id=1322663...
BY MONIKA TJIA
INVESTOR'S BUSINESS DAILY
Stocks don't surge by accident. There must be big demand for a stock to have a successful trip up. Volume reflects this.
Trade on the breakout day should be strong. You also want to see the entire week's volume higher than the previous week. This occurs 90% of the time among sound breakouts.
When institutional investors jump into a stock, it's likely you'll notice their tracks.
Big players don't buy tiny positions like retail investors. They'll scoop up thousands of shares at a time. Institutions account for more than 75% of the buying of leading stocks. That's why tracking their actions is absolutely key.
You can check a stock's daily volume and volume percentage change every day in Investor's Business Daily. Log on to investors.com to track volume changes during the day. When a stock breaks out, volume should rise at least 50% above average.
To compare a stock's volume from week to week, consult a weekly chart. They're available on IBD's Web site. Blue bars denote up weeks; red bars are for down weeks.
In a cup-with-handle base, a good handle forms when the stock's lows drift downward for days or weeks. The action shakes out uncommitted holders.
Volume should shrink during this time, the calm before the storm. Once a stock pops out of its handle, watch for volume to soar.
Thermal Energy News Story
Losses mount at Thermal Energy
By Ottawa Business Journal Staff
Wed, Sep 28, 2005 10:00 AM EST
Thermal Energy International is hoping new management and two big contract wins will make 2006 a much better year for the company than 2005.
The company says it lost $1.4 million, or three cents a share, in the fiscal year 2005 that ended May 31, compared to a net loss of $1.1 million, or three cents a share, for fiscal 2004.
Sales dropped more than 25 per cent to $668,000 from $922,000 in 2004.
"These results were disappointing," board chair John Parker said in a statement.
Earlier this year, the company hired Tim Angus as president and CEO from Johnson Controls. It also landed two major deals, worth more than $3 million, for its Flu-Ace waste heat recovery systems
The company says 2006 is looking a lot better.
"Our visibility into the first and second quarters of fiscal 2006 indicates good revenue growth on the road to restoring Thermal Energy to profitability and becoming the company shareholders expect and deserve. We look forward to reporting those results to our shareholders in the coming months," Mr. Parker said.
At the same time, Thernal Energy said it is resuming work on its patented technology for reducing nitrogen oxide emissions from coal-fired electric generating units and large industrial boilers.
The company has appointed Dr. Raymond Belanger as chief scientist to head up the renewed research and development program.
Hello Ken & Board
Thanks for the great board everyone! Have learned quite abit, thanks! Like, seasonals coupled with techincal breakouts and high volume can lead to profitable times lol!
I believe its been mentioned here but eght (1.98) does seem to be a decent end of year runner and Jan as well. Nice uptrend in it currently. Since May 05, has been higher lows only. Resistance @ 2.50; support at 1.85. 2.50 area seems to be a strong pivot point, and a launching pad!?! Getting closer to the 200MA avg 2.17. I tend to always exit if support is broken.
We'll see if this can mature more, imo.
Other seasonals I'm watching : avci (5.20), and sunw ($4.18) 4.00 needs to hold, also XDSL (.26) interesting volume, also seems to be a good performer this time of year.
Thank you for the forum Ken.
Thanks
BoomTime
BoomTime
SWIR / SW.TO Update
Using the US charts, less noice.
Looking for a bounce, not too much downside from here. 9.60 is support.
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Useful Article # 1
Cheap Stocks are Cheap for a Reason
William O'neil
New Highs: New Price Highs Mean New Opportunities
Many investors have passed up great stocks because they had reached new price highs. Yet, that's when many of the best stocks begin their major climbs, not when they've bottomed out. That's why buying bargain-priced stocks is often a frustrating experience.
Buy High, Sell Higher
How many times have you heard the phrase, "buy low, sell high"? This is the conventional wisdom in the investment world, but research shows you shouldn't be concerned with that part about buying low. Let's walk through this one step at a time. Research shows that the best-performing stocks make new highs before they make their major leaps in price. Moreover, stocks at new highs tend to continue moving higher, while stocks making new lows tend to continue to move even lower.
This is a concept many investors find difficult to accept. They assume it's too late to buy a stock that's reached an all-time high. But the great paradox of the stock market, as Investor's Business Daily Founder William O'Neil calls it, is "What seems too high and risky to most investors is likely to continue rising. And what seems low and cheap usually goes down."
Think about it. If a stock goes from $15 to $50 it has to reach new highs at $16, $17, $18 and so on. Stocks making new lows, on the other hand, manifest inherent weaknesses.
Just by applying the laws of supply and demand you can see why new highs are important. When stocks advance, they're demonstrating growing demand as investors raise their expectations about the company. On the other hand, stocks making new lows are usually afflicted by just the opposite: sagging expectations. Yes, there's plenty of stocks in the bargain basement, but they're there because the merchandise, so to speak, isn't hot.
Some stocks may have very strong fundamentals or great stories, yet they don't go up because there's little investor interest. So while you wait for a stock to be discovered -- if it ever does -- other stocks are moving into the spotlight. The spotlight, in a way, is the new-highs list, such as the one that appears daily in IBD and is explained later.
Stocks reaching new highs tell you professional investors are moving in and pushing prices higher.
Often, The Best Is Yet To Come
Would you shy away from stocks that more than doubled in the past year or less? Consider what happened with these stocks:
From the start of 1999 to August 1999, Qualcomm surged more than 500%, to $39. But the stock didn't let up, finishing the year at $176 -- a gain of 351% since August.
Jabil Circuit had grown from $11 to $27 in about nine months ending in May 1997, when it surged another 189% over the next five months.
In a good market, opportunities such as these, which start with new price highs, will surface every two or three weeks. In fact, if you ignore this simple rule, you would miss out on just about every major winning stock.
However, there can be such a thing as an "overextended" stock: one that truly has gone up too much, too fast and is likely headed down. As a rule, don't buy any stock that has risen more than 5% past its buy point. In a nutshell, the buy point is the price after a stock clears the highest point in its basing formation. Basing formations are periods of price consolidation when a stock moves more or less sideways for a number of weeks after earlier advances. The buy point and basing formations are explained in the stock charts lesson.
Avoid Cheap Stocks
Perhaps you're one of those investors who think they'll hit the jackpot buying a low-priced stock that goes on to make huge gains. Some investors equate cheap stocks with better value or low risk. If a stock costs just $5 a share, then you can't lose a whole lot, right? Wrong. The truth is that trying to consistently make money with cheap stocks is difficult, at best. Think of a stock's price as a measure of its quality and, consequently, its potential. Stocks selling at $10 or less have a much smaller chance of making major advances, because they're usually companies lacking good performance records. Also, professional investors shun low-priced stocks because they tend to be lightly traded, making it harder to move in and out of such stocks.
A study of the best stocks of 1996-97 found that, on average, they made their big jumps when trading at about $25 a share. Only three of the 120 top stocks were trading at less than $10 a share in that period.
So, you can see what research bears out: it's best to look for new highs in quality stocks. It's especially good when the stock is coming out of a base. But don't wait too long: As soon as you spot a buy point -- and if all other factors are in place, such as good earnings growth -- it's time to have confidence and conviction and make your move. Otherwise, you may miss your opportunity.
The first chart shown above shows Dollar General's stock coming out of a so-called flat base (A chart pattern in which the stock price moves basically sideways for at least five weeks or more. It often precedes a further price advance. This and other chart patterns are explained in the Stock Charts lesson.) on a surge in trading volume. After this point, in July 1982, Dollar General's stock surged about 340% over the next 14 months, which is shown in the second chart, which has been adjusted for a stock split.
Avoiding Pitfalls
Like you've seen in earlier chapters, you don't want to buy a stock on any single factor. Where a stock is in relation to its 52-week high and low price is just one part of your stock-selection checklist. Other important ingredients are the Earnings Per Share (EPS) Rating, the Relative Price Strength (RS) Rating, the Industry Group Relative Strength (Group RS), and so on. These concepts are explained in the lessons on earnings, leaders and industry groups.
Also, be careful with stocks that make new highs on less and less trading volume. This could be a sign of a stock topping (reaching its peak), especially in cases when a stock has gone up at least 50% in a few weeks after an extended advance. When a stock goes up on low volume, it's a gain produced by relatively small purchases. It's much safer to go with a stock that makes a new price high on higher volume, which indicates broader support for the stock.
Key Points To Remember
Quality stocks making new price highs just as they emerge from sound bases on higher volume are often likely to continue climbing, while stocks making new lows are probably headed even lower. Therefore, focus on the new price highs list for the best potential opportunities.
The great paradox of the stock market is that what seems too high and risky to most investors is likely to continue rising. And what seems low and cheap usually goes down.
You can think of a stock's price as a measure of its quality and, consequently, its potential. Typically, stocks higher in price reflect higher quality.
XDSL - printing 32 cents again
Can't find that ticker symbol.
F R W was it?
xdsl alert, starting to act up
Chart
http://www.investorshub.com/boards/read_msg.asp?message_id=7995329
Thanks for the heads up!
Alot of them are well in there way in a stage 2 advance.
BoomTime
Hello Time2
Wow what a nice jump for hao.v from 10 cents. If it can venture pass 29 cents, then I think she has more steam in her.
But I perfer buying the orginial breakout. Unfortuantely I missed that. Nice volume on it. When I look at the 5 year chart, not much resistance overhead, that is always good. Are you holding Time2? Or looking for entry?
DY.TO - halt pending news
A friend has been telling me about this for awhile now, chart near its 52 week high and also is halted pending news!
XDSL - 0.26
Been watching for awhile. Volume has been interesting lately. Resistance at .28 & .30. Support at .25 and multi year support at .21 range. A partner of BellLabs who spun off Lucent. Nano and IPTV play. Caution is need in this play, as is evident in the erratic weekly chart!
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Weekly ADX looks nice.
JDSU - 2.25
Still looking to run more.
lol Ken,
SUNW had a selloff near the end. However your chart clearly shows how important OCT-NOV. Nice Ken, you always seek to amaze me, enjoy your seasonal charts. You add great depth and more credence to the techincal indicators. Thanks
I found this today AVCI, I was looking at the three year chart (down below), has been having a good run from October to the end of year for the last 3 years. Can it repeat?
Also brokeout today.
Hello abcstocks & time2,
Thanks for joining the board, hope we all can prosper from eachother :->!
Abcstocks - thanks, the more stocks we know about the better!
EKWX - Heads up: ADX (5) Setting up
Now we need the volume to follow through!
Heads up: ADX (5) Setting up
Now we need the volume to follow through!
NT.TO - just passed $4.00
$4.06 resistance
Hello stocks4john
The volume yesterday was impressive. Looking for $4 to stick but we'll see.
much appreciated wizernow!
I was thinking someone else could do that for me! lol
Wizernow do u have L2 on this if so, could you please post a breakdown of where the bids and ask are?
Thank
BoomTime
EKWX - new chart - .0035 the price to beat
Ken - SUNW
Been watching sunw for the $4 break. Had a fake out earlier last month, important mark for SUNW. Resistance at 4.50 currently. Bid side impressive today.
BoomTime
SUNW - Nice movement
SUNW - should be interesting
Joint conference with Google. Yesterday's volume could be the indicator of the $4 hold, we'll see.
lol Tackler.
Tackler, I've been going over the boards you manage, nice job. Nice to have you here!
You bring some good knowledge to this board. Keep up the great job!
Sinc,
BoomTime
EKWX - new chart -
NT.TO -looking for test @ 4.00cdn
ADB.V - bottom H&S - 1.50 Neckline
RGY.V - All time high
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