HAPPY BIRTHDAY!!

Today is the one month anniversary of this blog. So far...so good...thanks to your success stories! I appreciate the time you are taking to share your success with the group. One particular stock to watch is HANS. I mentioned it a couple of weeks ago and today it made a big move. This one needed some patience. It bounced around sideways for the last couple of weeks...but the 50 day moving average did hold as support. This looks to be a pretty significant breakout. It could run to around $45 which is the area of the next significant resistance. AAPL's move today looks like an exhaustion gap. Here is where I would lock up any profits. Same with AMZN. NFLX has sold off hard over the last three days. The trend is still considered up but the high sell volume would concern me quite a bit. WPI still looks good despite some strong sell offs in the pharmaceutical/biotech sector. Watch TXT. It has had a nice pullback over the last few days and it is still rumored to be a takeover candidate. The reward to risk seems pretty good if you use the 50 day moving average as a stop and the resistance around $16.50 as a target. MFE is still moving strong. ATML had a nice move today on higher volume. The 50 day moving average is in the process of crossing above the 200 day moving average which would be considered very bullish. If the stock price breaks back below both of these moving averages, you would want to get out...and get out quickly. I still like KSS unless it breaks below the 4/20/09 low. IBM still looks good. Energy stocks will probably drive us crazy in the next few months as they try to break out of this sideways trend. For riskier bullish patterns I like USO, APA, HES, DNR, BP, RIG...and I could probably go on and on. The reason why I like the risk on these is because they have been quietly forming these bullish ABC patterns. I could see money coming out of some of these over extended sectors and back into energy. At least you would want to keep watching them. I need to emphasize again that these are riskier patterns.