Stock Watch: BRLC 1/12/07

Lately, I've been using the force index as an additional indicator to find those stocks ready for reversal.

Additionally, I look for a negative 3 day force index, positive 13 day force index and a positive slope on the 3 day force index. Meeting my force index criteria for tomorrow is one of Muddy's favorites, BRLC. Using Elle's 10/60 screen, it looks like there was cross at 3pm. If it picks up some volume, it could be on the way up again.

WELCOME mstrader!

We have invited mstrader to be a contributor on our blog.

Muddy and I really like the blog, very good watches, and the blog follows the way we like to trade.

Check out mstrader's "fail" DSTI!

Sweet....

Looking forward to mstrader's posts here!

HOLDING OVERNIGHT

From a post at Stockfetcher from someone asking about holding over night on big breakouts.

"What about BHIP?
But do you hold them overnight?"

Holding overnight for me depends on a few things but mainly if a stock is in a huge 1 day breakout like FMDAD was on it's FIRST breakout day AND it held it's gain well into the close of the day,like it did ,I will hold overnight as these very often will gap up on the next open,just like FMDAD did.

I will sell by 10:30 most times as these tend to fade after 30-60 mins after the open.Many times you can get 20% or more from the stock.

An example today is OBCI that brokeout huge yesterday.It held good into close considering it was up 200% at one point yesterday.

This I would hold for the expected gap up on todays open and set a MENTAL trailing stop to lock in profits.

Let's see what OBCI does at open.

(This is Muddy's post, not mine.)

THE POWER OF HODS,VOLUME .....

The 10/60 cross,going green,knowing some favorite stocks,even dollar mark crosses,SIMPLE stuff like that.
This from yesterdays chat:

(12:57) Muddy: Elle,FMDAD finally green 1.69

(13:22) Muddy: FMDAD just crossed 10/60 1.8

If you look at a chart you'll see the volume spikes coming in there.

Then today:

(Jan 09-12:03) Muddy: we mentioned FMDAD yest,steady up near 2 now

(Jan 09-12:03) Muddy: old symbol FMDAY

(Jan 09-12:06) Muddy: just popped over 2

From there it went an unreal hod 3.70 !

And from yesterdays:

(11:26) Muddy: GOAM 7.5 ( i know this stock very well over the years as a potential bigtime runner with vol spikes,it had just gone green at 7.35,off lod EVEN 7)

(11:27) Muddy: to 8 (in a minute!)

(12:09) Muddy: GOAM 8 cross (there's the even mark cross)

(12:49) Muddy: do you see GOAM 10/60 cross today (the cross came at 7.70 and with a volume spike to boot!)

(13:00) Elle: yeah, GOAM is great runner (few times a year!)

(13:00) Muddy: yes sure is (and we KNOW this stock)

(13:23) Muddy: Elle,GOAM looks coiled

(13:24) Muddy: bid/ask flipping (watching price action)

It closed at 10.30

These kind are not rare at all,in fact if you go to Mondays log you'll see FMDAD and GOAM we are talking about them running at the SAME time of day!

Check out Thursdays, ,Fridays and Mondays log for MEMY.

This stock gave big profits on 3 straight days from SIMPLE STUFF

It was Touch and Go......

Funny, me picking the FORG 01.04.07 chart for the first 10/60 chart example to post since it ran so nice on Friday. Here's that chart. You can see where it almost touched yet NEVER crossed below. So no sell signal. From the near touch around $1.62 to $1.85 at close, another 14%! SWEET...

Yawn......

Remember, the 10/60 Cross doesn't make things happen.......

Here is chart of GW with 10/60 crosses that look nice at first glance. In most cases though, ignore a stock like this since it has no day range. Look at the range on the chart, from 6.45 to the top 6.70; less than 4% range. Look at the "buy" crosses, only about a .10 move on each. For a $6.50 stock that is less than a 2% move. Many better opportunities out there.

DAYRANGERS FOR THIS WEEK 1/8

MAMA DRL ONT FORG NWACQ ONSM MVIS MEMY ZICA DKAM EVCC ICGN PFSW RMDX IFON OPBL TNEN ESCL ZVUE TKO CPSL FFHL ARTX SCRA SIGA THLD IMMU SKNN URZ RGBL

All ADR(10)>10%

I use these with the couple filters i use,the fast%k,the flag pattern and ema13/sma20 UBB zone pull and the
"goal post" pattern described in the comments on 12/10 post ADDED A LINK
Also with the sma 10/60 cross if they have the volume

And of course when they hit the HOD LIST with volume
Anyone who saw MEMY's 2 incredible runs in the p.m. Thurs and Fri will understand how once in awhile these stocks can just take off.

The champ here this week is RGBL with 26% ADR over the last 10 days followed closely by ZICA at 25%