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Monday, May 12, 2008

Time 10:14

Stocks To Buy: UTHR, YGE, BIDU

UTHR: Great set up just waiting for the ALLI. Great EPS and stock is sitting on major support after a 50% retracement of prior big move.

YGE: This group is breaking out of quallity EPS. Watch JASO, FSLR and the others that have already reported EPS to see it they follow through. Waiting for YGE to breakout above the 200 day MA. and give the ALLI.

BIDU: Let's first say that we traded this stock perfectly. Sold it right near the top because we followed our rules and the stock has now sold off $30 to its 20 day MA. This is the first pullback tot he 20 day and we must now wait and watch the type of base it builds. There are signs of a cup and perhaps a handle will now form. this will be a weekly process not daily so be patient.

Positions To Increase: PWRD, JASO, SOL

PWRD: I was right on the call last week that the buy signal was disjointed and therefore suspect. The signal has failed and the stock is selling off again. Watch to see if it holds support and then buy the ALLI sig.

Hedge: GDX

Still confused signal. Looks like a sell but CEF is looking a lot better so I hesitate to put on the hedge. GDX is giving a 60 min. sell sig. but no real ALLI yet. Wait Wait Wait...

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