SUCCESS STORY

Jerry,

thanks for mentioning SFD on your blog recently. I bought the July contracts on 4/28 for 1.20 and sold them today for 2.45.

Mike B.

PS pleeeeeease keep doing your blog. You have no idea how much it helps

UPDATE

One pattern I really like is BRCM. Its 50 day moving average recently crossed above its 200 day moving average. It has also had a recent pullback (ABC pattern) and a strong up day today. ***Also, check out the recommendations on the Virtual Investing Club website (www.virtualinvestingclub.com). In the options section you will find FAS (up 140%) and FCL (up 128%). In the stock section you will find ICO (up 71%), RDN (up 30%), RSH (up 91%), PHK (up 48%), STX (up 136%), EJ (up 127%), GPS (up 44%), and SA (up 101%). If you have let your subscription lapse...renew it today at support@virtualinvestingclub.com.

SUCCESS STORY

Jerry,

Just an update for you. Love your blog, please keep it going. The information is very interesting and informative, let alone timely.

I took positions in:

EJ bought at 6.35, recently closed at 12.90. Have a tight stop
FCX bought Aug 40C Apr 22 at 6.10, closed today at 11.80. Again, a tight stop

Have long positions in SA and CBK, short positions in GENZ, KG, BIIB. All are doing OK, will monitor closely.

Frank C.

BREAKOUT!!!

We broke out today in both the S&P 500 and the DOW (on average volume). The next resistance target is about 940 in the S&P 500 and around 9000 in the DOW. I will continue to be cautious, but this breakout is a sign that the uptrend might have a bit further to go. The VIX failed to break support so I will watch it over the next few days as another indicator of the strength (or weakness) of today's move. Coal stocks were one of the big winners today. JRCC and PCX have nearly doubled in value over the last two trading sessions. BTU, ANR, MEE, and FCL have also made big moves. I missed the big move on these because I got stopped out a few weeks earlier while they were still moving sideways. That will happen sometimes...but it doesn't mean the opportunity is gone. We should get another chance. An entry at these levels would probably not be very wise...but if we get any pullback, we could capture the next move up. Just like most energy stocks, the coal stocks have dropped significantly over the last year. If this breakout holds, they have a lot of room to run. If you happened to be in these stocks over the last few days, you might want to think about tightening your stops or selling some of your contracts. That was a pretty big move...don't get too greedy. Of the stocks I mentioned last night, CLR, DNR, FCX, and MS made nice moves today. CF was okay but SOHU was terrible. SOHU gapped up but then sold off on high volume. This was my fault. I didn't know they were reporting earnings before the market opened. It will most likely pull back a bit over the next few days. The earnings were great so it could also continue the trend. Stocks posted earlier that are still moving up include: AAPL, CREE, WDC, GS, CLF, FSLR, MFE, HANS, MU, ATML, IBM, BP, RIG, APA, and SFD. Stocks that have pulled back a bit and could make another move up include: NFLX, TXT, DLTR, GLW, KSS, and ORCL. These are just from past postings. I will look to add some new patterns when I find them.

I NEED SOME ENERGY!!

I really do need some energy... I was sick most of last week. The energy I am referring to is the Energy sector. A lot of energy stocks made big moves on Friday despite the overall market being a bit quiet. These stocks have moved sideways for a few months, but now they seem to be breaking out. Not just any energy stock will work. Some patterns look pretty bad. The ones I like are CLR, FCX, CF, and DNR. I am cautious to recommend anything right now because of the overbought market conditions (see previous blog postings). Look to see if the market can break this resistance or if these stocks continue to move up despite the market moving down. I like MS...but not really any other financial stocks right now. I also like SOHU (which could move up because of the high short interest), but it would be a riskier pattern since it has moved up pretty strong over the last two days.

JOIN THE "FOLLOWERS" SECTION

Please join the "followers" section if you haven't already done so. I will look at the number of followers in determining if it is worth my time to keep it going. Please include your picture if you know how to post it. If not, join anyway. Thanks for your participation and for sending the success stories.

SUCCESS STORY

Jerry,

I bought 40 July NETL contracts at 4.30 on 4/23 and sold them today for 10.60. Not too bad for an amateur!

Mike B