Here are some of the stocks that showed up on my buy scan. We may have seen the low but it is possible that we see one more sell-off to wash the weak hands. Currently I am doing intraday trades  from the long side only. If S&P closes below 800, I'll stay on the sidelines.

If the market goes up from here these stocks should easily double. The holding period is at least 1 year (if profitable). Put these stocks on your watch list and when you see a pattern as described on the follwing link, you can buy. ALWAYS use stop losses. Stops should be somewhere between the low of the cup and low of the handle. This pattern is described in detail in William O Neil's book, "How to make money in stocks". You can probably get it from your local library or buy one...it is worth the money. If you are patient and wait for the right time you should do pretty good at the end.

If you find other stocks that have a similar pattern, please post it here.

http://www.chartpattern.com/cup_handle.html

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont

I won't have time to post everyday but will try to answer any questions on weekends.

Thanks for all the emails.

Happy Investing.

Scroll down for the list. Not sure why there is such a huge blank space.

Rank	Symbol	Company Name	Last Price
1	GHM	Graham Corp	12.98
2	AAPL	Apple Inc	123.9
3	ANR	Alpha Natural Resources Inc	19.7
4	GOOG	Google Inc	389.49
5	HXM	Desarrollaxdora Homex DR	21.86
6	HP	Helmerich & Payne Inc	32.76
7	NOV	National Oilwell Varco Inc	31.5
8	PCLN	Priceline.Com Inc	96.16
9	HANS	Hansen Natural Corp	39.89
10	NBL	Noble Energy Inc	60.69
11	CMI	Cummins Inc	33.38
12	DRQ	Dril-Quip Inc	34.1
13	BWLD	Buffalo Wild Wings Inc	41.84
14	SPAR	Spartan Motors Inc	6.93
15	HITT	Hittite Microwave Corp	37.07
16	VSEA	Varian Semiconductor Equipment Associates Inc	23.91
17	AMX	America Movil ADR Rep 20 Series L Ord Shs	33
18	ENG	ENGlobal Corp	6.19
19	MT	ArcelorMittal ADR	27.23
20	AMTD	TD Ameritrade Holding Corp	16
21	DNR	Denbury Resources Inc	16.48
22	OII	Oceaneering International Inc	43.94
23	DLB	Dolby Laboratories Inc	36.81
24	TNB	Thomas & Betts Corp	28.01
25	SNDA	Shanda Interactive Entertainment Ltd	48.03
26	SOHU	Sohu.com Inc	52.43
27	WAB	Wabtec Corp	38.12
28	GCO	Genesco Inc	21.76
29	FTI	FMC Technologies Inc	36.13
30	VMI	Valmont Industries Inc	62.2
31	NTES	Netease.com Inc	30.91
32	AIT	Applied Industrial Technologies Inc	22.09
33	WBD	Wimm-Bill-Dann OAO	44.31
34	WDC	Western Digital Corp	21.16
35	MCRS	Micros Systems Inc	20.61
36	CERN	Cerner Corp	47.42
37	GYMB	Gymboree Corp	33.43
38	RSTI	Rofin-Sinar Technologies Inc	19.29
39	BRY	Berry Petroleum Co	16.92
40	CNQ	Canadian Natural Resources Ltd	48.94
41	WIT	Wipro Ltd	9.12
42	CHRW	CH Robinson Worldwide Inc	53.35
43	BMI	Badger Meter Inc	37.69
44	CEO	CNOOC ADR representing 100 Class H Shares	115.55
45	BKE	Buckle Inc	35.2
46	LNN	Lindsay Corp	38.32
47	DAR	Darling International Inc	6.08
48	CTRN	Citi Trends Inc	23.77
49	MCHP	Microchip Technology Inc	22.25
50	SNX	SYNNEX Corp	19.39
51	ARO	Aeropostale Inc	32.89
52	TRAD	TradeStation Group Inc	7.79
53	SCHW	Charles Schwab Corp	17.84
54	NKE	NIKE Inc	54.73

If someone has AGYS and the price is below 7.75 around 3est. you might want to sell the stock and take the loss/gain. This is a failed break-out and will likely go below 5.

Thanks emini, I bought AGYS @7.62 . I will follow your suggestion.

Also bought MTL@ 6.60

Thanks for the update

eminitrader,

Thanks for offering to teach us how to fish :-)  (now can you bring the beer as well, just kidding) and in that vein, can you please define the terms:

• Trigger Price


• Max Buy Price


• Stop

I kinda understand already, but want to make sure. 

I apologize if you have already explained this earlier.  If there are other terms you use frequently, please provide the definitions for those as well.

A lazy newbie.

Welcome Riten,

I was wondering where you were.......

Trigger Price is the price that the stock has to get to before you buy it. We want to buy the stock as it is moving up.

Max buy price is te maximum amount that you pay for a stock. For example, if the stock gaps up in the morning and it is above your max buy price..you just let it go.

Stop is where we will get out if the stock starts moving down after we buy it. The stop is wide here and we will adjust it accordingly every week.

It seems every stock hit the trigger except for GLNG and FEED. Many are already above the max buy price.

Thanks for your update. It has been helpful. However, I feel like I have become too dependent on you. Way to go for me to learn these things. As per you, I sold that AGYS - lost only the transaction fee not on the real share price.

Market research on each of these stocks is really a time consuming task, I know you're putting a lot of time on this. In addition to look at the chart for prices, I think we should be analyzing the financial statements too I guess.

Thanks for your help. It is really appreciated.

i am a rookie when it comes to stock.. can you explain buy stop etc. here..

 

Thanks,

this thread has been really helpful.  thanks eminitrader.

Tintotopi, take you time to read previous postings from Eminitrader before asking a question. He has explained it in his previous posting not to far before.

Hope this helps.

Bought FEED at 4.15.

I'm out of BAS ..the volume doesn't look good for this one..

CX & MTL is still going strong.

Emini,

 

What are your thoughts about the overall market in coming days..I feel like stress test result is a joke and seems like the momentum is too strong right now to see any decent pullback!

Eminitrader,

Thanks for the explanation.  Your picks are very interesting.  I will take your suggestion as starting point, do my own dysfunctional research, and do the needful.  I surely do appreciate your input.

So friends,

Recently (before I stumbled upon this thread) I bought these stocks:

• Citi


• Bank of America


• Wells Fargo


• Rexx Energy


• National Oilwell Varco

Glad to say that I am almost 16% up.  Except for Citi stock, which is currently below my purchase price - though it is steadily climbing today - all the others are making money for me.

I am seeking stocks like Rexx, which are so beaten down that their price is in single digits but the company holds a promise and most likely triple, quadruple or more the current stock price in a matter of year or two when the economy makes the turn.   Any ideas?

Riten,
I was looking into REXX. It jumped 16% today and I still think it has some juice left for it to go higher.
I am posting the daily chart below and it looks to me like a Cup and Handle pattern that Emini was talking about.

Correct me if I am wrong....

And you can also look at this chart as a possible Inverted Head and Shoulders, which is a bullish reversal pattern.
Read more about it here: http://www.incrediblecharts.com/technical/head_and_shoulders.php

FF,

Very nicely done. That was a C&H formation. Hope you are still holding FEED. We could see $6 this week.

 

S&P500 2 year chart

 

emini - welcume back. and thanks for sharing some of your strategies/picks..

Personally i dont like this rally and i dont think rally has lot of potential beyond few months.. so i will advise people to stay away from C&H patterns..  for me the risk to reward ratio does not justify to be a Bull in a Bear Market.

however... look at the 6 month gold chart shows a breakout is imminent from current trading range.

 

 

 

here is the corrrect chart for gold.

Just to keep this thread up in Sajha. We need it in the front.

Good job Batho_Boy. U should change your nick dude.

Hi Emini:

You were talking about C&H and I am wondering now how do we get it and does it cost any money to analysize our tricker?

mi171a

Emini,

great to see you back again. After a long while I stepped onto Sajha doorstep today to find that you are contributing again.

Welcome back!

Still holding DNDN for long. But with stop loss set. Remember the 4/29 fiasco. Still I have no clue what happend except that SEC said everything was fine. Gosh, we learn new things everyday.

I am checking on some of the recommended ones from you. I still feel that the market is not fully up on its two legs. But definitely it is showing signs juss like my little one.

Best!

Bricoloer

ps, latoboy, hello there. Also, hello to the rest of the Nepali Investors.

All our picks from last 2 weeks are doing good except for GLNG and AGYS. GLNG never got to our trigger price so no one should have bought it. AGYS did get to the trigger price and much higher but started selling off so I had suggested yesterday to get out of that. It went down today.

I bought GTI this morning and added more FEED. I was away from my computer so I did not get a chance to post earlier.

Current positions:

PCX, STV, GTI and FEED.