Anadarko Petroleum Corp (APC) – 11-20-2013

November 20, 2013 at 9:43 pm · Filed Under Bearish, Swing Trades · 2 Comments 

Can’t forget about the possibilities for a bearish turn.  Oil stocks have been getting a lot of press lately on both sides after Buffett was found to be taking a large stake in XOM, which brought about a lot of noisy bears giving their opposing two cents.  I never take long term shorts, but I do see a nice potential swing play in APC that has broken down below its significant long term support/resistance line at $92.  This and other oil stocks that have similar charts should be interesting if the market falls apart.

Gogo Inc (GOGO) – 11-20-2013

November 20, 2013 at 9:05 pm · Filed Under Swing Trades · 1 Comment 

GOGO doesn’t have great numbers yet, but it’s still on its IPO hype and has a nice chart.  I wouldn’t fall asleep holding this one, but active investors will probably see it popping up on various screens here and there for day/swing trades.  If it can create a flag up here it could also move into the potential long term investments.

OpenTable (OPEN) – 11-15-2013

November 15, 2013 at 12:49 am · Filed Under Bullish, Growth, Swing Trades · Comments Off on OpenTable (OPEN) – 11-15-2013 

It’s been a while since I’ve actively looked for stocks since the market has been pretty much straight up for the past year, allowing me to ride the same stocks for an extended period.  There are a lot of interesting things popping up that I haven’t posted about before, so I’ll try refreshing the watch list over the next few weeks since I want to be ready when the current bull run finally ends.  There have been a few signs of weakness and it’s only matter of time before one of the corrections turns into a slightly bigger correction since it’s been about 2 years from the last real down period.

One interesting stock is OPEN, which has been running with the bulls for the entire stretch, but is on a fresh breakout with good volume and earnings to back it.  A pullback to the mid-70s should have some support that will be very playable on a minor correction.  If the market keeps going up, I like the long term prospects of this one too.

Aruba Networks (ARUN)–06-03-2011

June 4, 2011 at 8:42 am · Filed Under Swing Trades · Comments Off on Aruba Networks (ARUN)–06-03-2011 

ARUN Daily Chart

It’s interesting that ARUN is still on the IBD list given the current chart.  This is a nice point for swing trades though since there’s a bit of support/resistance playing here. 

Carmax Inc. (KMX)–03-31-2011

March 31, 2011 at 10:48 pm · Filed Under Swing Trades · 1 Comment 

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I’m not sure how Carmax isn’t on my blog already since I owned it for an extended period in 2009, but it must have been one that was triggered off a machine trade.  I always feel weird posting stocks that I already own – like I’m just trying to pump up my own goods – so I usually end up skipping those unless I’m debating adding to my position and need to go through my normal blogging thought process. 

Carmax spent a good amount of time on the IBD list a while back, but the reason it’s interesting to me now is because it ate a 7% loss today after beating estimates slightly.  The drop was attributed to same store sales disappointing, which can be a good indicator of market sentiment towards retailers right now in general.  If sales numbers keep failing to impress, and the market keeps looking for excuses to punish stocks, it will be a strong signal that this is a good year to sit out the summer.  Yes, it’s already getting close to the summer…

As for KMX, it just passes the first rule of being interesting: volatility.  There should be some nice swing trades in the near future if you’re an agile trader.  The weekly chart still has a couple levels of support too.  The immediate one is up around $31, and the previous breakout point of $27 is also strong.  There might also be some interesting options plays in that no-man’s land, but we’ll have to see when we get there. 

Canadian Solar (CSIQ)–03-21-2011

March 21, 2011 at 11:16 pm · Filed Under Bearish, Swing Trades · Comments Off on Canadian Solar (CSIQ)–03-21-2011 

CSIQ Daily Chart

The other day I briefly mentioned the rampage solar stocks have been on…  most solar stocks that is.  CSIQ has been feeling the pain since coming in below expectations and hasn’t really recovered since.  I’m still inclined to play the bullish side on the hotter stocks, but given a sector crash, it’s always nice to look at the underperformers since they often keep their headstart in on the reversals.

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