Here are a few quick charts.

ANTP: Could be a major league squeeze here. ANTP was up over 30% after hours on earnings and it may not be over.

Looks like a possible daytrade short as it bumped it's head on trendline and market may be weakening. I wouldn't hold too many short positions overnight right now by the way.
Same as above. MRVL may be headed towards 60 where it would be a screaming buy.
CME may follow the trendline down, but is probably a buy on next higher high.

Keep an eye on DGIN. If it breaks higher it may be a buy as it would prove support at trendline.
GILD: I was expecting a pullback to circled area, but it never got there which is bullish.

I expect a choppy day tomorrow so I may just sit on the sidelines. I did take a position in ANTP after hours and will probably take profits tomorrow.

Good Luck,

DT

Looks like an ANTP short squeeze is on after they released earnings. Watch this tomorrow. Also, MCX squeezed pretty nicely today, but came back down a little with market. Market was expected to pull back and this felt pretty mild.

I will be posting late tonight after I'm out of my poker tourney.

DT

I posted a chart on MCX a couple nights ago, and they did prove support near the 61.8% retrace again. This stock has a lot of potential for a few reasons. There is a chance that MCX will debut on the IBD 100 if it closes over 15 on any given Friday. It has an EPS of 96 and RS of 95 on investors.com. Here is the post that alerted me to the IBD 100 rumor. (Thanks to bulltrader)

http://www.thebulltrader.com/2005/12/18/mcx-ibd100-rumors/

Also, I believe there is a fairly large short position in MCX due to the previous large runup and subsequent pullback. This is the open interest as of December 15, but the numbers may be higher at thispoint. I know I can't find any shares to short right now. With the combination of high short interest and extremely thin trade for this issue, shorts could be in a world of trouble here.
Here is the daily chart showing the previous run up and the 61.8% correction. It actually went a little deeper, but with low volume stocks I like to give a little leeway. All other indicators are healthy at this point and ready to turn up in my opinion.


Here is the weekly chart. Volume is building back up a little and MCX is respecting support.


It seems to me that all lot of things are lining up giving decent odds on playing MCX to the long side. Yesterday could just be the beginning of a push to 15. After that, who knows if IBD crowd will follow suit.... Just look at IFO as an example of IBD100 debut.

Good Luck,

DT

Seven straight up days on nasdaq on higher volume. Very nice indeed. If you read back you will note that I expected a rally in early January, but I didn't expect this strong of a move. However, this move is already pretty strong and I am not seeing too many chart setups right now that have a good risk reward ratio. Not saying things will fall apart, but I'm not buying much right now.

Look at last 7 day rally on q's and see that it had to take a breather. We may see the same the next few days, if not a pullback.

Semi's may be the hottest group right now. Look at charts of AMD, MRVL, POWI, etc. SMH is looking a little tired but indicators are not seriously overbought yet.
Crazy Mad props to Btuff for putting LMIA on my radar a few weeks ago. This might just be the beginning of a nice move. Look at volume as it cleared previous high. MACD is just crossing. This should trade into the 20's soon.
RIO: Not crazy about this, but it did break the triangle.

SAY: This is one I've been waiting on to pull back. Didn't notice it had pulled back so far today. I will wait for confirmation here before acting on it.
PHLY: Also not crazy about this, again, thinking that the market will consolidate.
GROW:This is a chart request, but on a stock I have been watching. GROW retraced 50% of the last leg up which is healthy. It seems to me that it is still consolidating and that it will drift back a little more. I didn't show it in the chart to not add more lines, but it also retraced UP 61.8% from the 16.50 - 11.92 pullback. This is resistance until it is broken. I would wait before initiating a new position but wouldn't sell at this point if I was already in.
Good Luck,

DT

Also, check back tomorrow morning as I am preparing an analysis of MCX.

I think REDF may be an attractive buy around here. I think there are a few early signals on the chart pointing to a move higher.

Daily: This is the chart giving me the most signals. REDF has been holding the channel depicted below by solid blue lines. It is near the lower trendline, but sitting above the SMA's. They have been consolidating the run to 22 so they have worked off the overbought condition and actually were recently oversold.I also like to look for CCI levels near -100 as an early signal of a rebound, and REDF never gets there, but bounces near a horizontal trendline (shown below). They usually bounce once, and then a second time. Also, Slow Stoch crosses from below 20 to above have been pretty reliable. So, I would look for maybe one more weak push down, and then maybe the rebound I'm looking for.

Weekly also shows a nice channel, although MACD looks a little overbought.

REDF has pretty good IBD ratings and they buy as it approaches the 10 week line.

Forgot to mention that SLW target was increased after the bell to $9 Canadian by GMP. It hasn't been posted anywhere but I got it on the Dow Jones Newswire. May get some buying tomorrow as it moved a little AH.

Nice finish for the indices. I believe in the theory that in a bull market/rally, stocks tend to open weak and finish strong. In bear markets, it's the opposite. The Pro's take advantage of the amateurs at the open, and sometimes it's hard to not get shaken. The best you can do is stick to your rules and keep the overall market in perspective. Look how BCON had a push down in the morning and then rebounded hard. Same with CKCM, although they were able to shake me out of a few shares on CKCM as I was anxious to protect profits. I can't find a whole lot that looks attractive from a risk reward perspective, but there are a few that merit watching.

BCON: I've been looking for a move from BCON for a while now, and it may finally be breaking out of it's base. There were a lot of alternative energy stocks moving today, no doubt due to oil moving. Although BCON has nothing to do with oil per se, it moves with the rest of the alternative plays such as DSTI, SPIR, SPWR, etc. I wouldn't be surprised though if there was some news released soon.

PCU: Copper was the only metal ore that moved today. PCU went along for the ride. If copper breaks to new highs, PCU will follow suit.
Here is the copper chart.
TRE: This is a gold play that is near a trend line and fib retrace level. Very solid volume building here.
MCX: I think MCX correction is near over. Corrected 61.8% and now coming back to test support. Volume has been decreasing on the pullback and MCX should stay above the recent bottom at 11.68.
GILD: I was waiting for the pullback after the new 52week high. Looks like we may get a 31.8% retrace to the breakout area. Solid entry there.

Good Luck and take profits.

DT

These are four stocks showing strength today that are under $10. CMT and PRLS are on IBD's top stocks under $10 list. I've been waiting on BCON for some time now, and this may be the beginning of an alternative energy run. Look at SPIR, DSTI, SPWR, etc. today. MMUS has been consolidating a previous large move, and looks very interesting.

Disclaimer: I own all of these.

I heard that some people are having problems zooming in on my charts. I use Firefox and don't have any issues. I tested with IE and it works if you hover your mouse towards the lower right hand side and click on the enlarge button that pops up. There is an example below. Let me know if anyone still has issues by posting a comment. Thanks,

DT

Dow broke 11 thousand today and everything seems peachy. This usually means it's time to take a little off the table. We had a little warning today as I think the smart money is anxious to take a little off the table. But there is also the chance there is a lot of anxious money on the sidelines that was waiting for the break of resistance. Either way, caution is prudent. The first few charts highlighted tonight are stocks that I am targeting if and when the market pulls back. I will not buy right now as they are all extended from decent entry points.

KOMG: Broke a cup and handle and is near pivot point, but I think it's best to wait on this one as market is extended and this move looks like it needs a little consolidation.

JOYG: I sold all my shares already and will wait for the pullback. Volume looks good but there are index funds that are required to add JOYG after they were added to NAS100.


I've been targeting NWRE and will buy on the next pullback.
POWI: This looks like a heck of a move and should pullback or at least consolidate into a flag.
TTI: may of started slowing down. Look at volume on breakout.
TRAD: Added to IBD 100 after closing over 15. Strong volume with this move.
The following are stocks I own but may still be playable.

SUF: I would normally not recommend any stock that had moved 25%, but I think SUF is under heavy accumulation. I am holding at this point and for the foreseeable future.
MTXX: I hate to buy this late in the game, but MTXX looks like a decent play here. I took a small initial position and will watch to see if I should add more.
MNST: I like this as an intermediate term trade. Chart looks good and I think there are a couple things favoring a move up here. Monster.com is in a hot sector and has a strong IBD rating (see below). Also, I think tech spending may be up this year, and the tech job market may be strengthening. Tech jobs are high paying, and therefore MNST would get higher commisions for these types of jobs. Chartwise, the MACD just crossed and volume is increasing on the breakout. Near term swing target is near 46, but this may become a core hold for me.

Good Luck,

DT

Looks like I may of had blog issues last night. I have rebuilt the template and it should be OK now. CMED and REDF are rocking today. Took a position in MTXX and PRLS. Will post an update later tonight.

DT

We had a nice week last week and might be a little extended. I am leery of initiating new positions, but I think there are two sectors that bear watching. Obviously Gold and metal-ores have been rocking, but Oil Services has been very strong lately too, and may continue rallying even if indices pull back or consolidate. Watch OIH if you are playing the Oil services plays. Also, while Gold has been getting the Pub, silver and copper are experiencing their own bullish breakouts.

Here are charts of silver and copper. Both have a shot at breaking to new highs.

Here is a silver play that has been performing well. Tried to fill gap and bulls didn't let it drop. That may be a clue that this run isn't over.
This may be ready to break an ascending triangle.
PCU tried to break out and pulled back. May attempt a breakout again if copper rallies.
This is one of the Oil service plays.
And another.
MTXX may be ready to resume breakout.
MNST may pull back and try and fill small gap.
BOOM broke and closed above recent resistance. They may come back and confirm support at 32's.
CMED had a bullish bounce off support last week, and got bordered on IBD this weekend. They may be able to break upper resistance line.
I am watching PRLS for a breakout over resistance line.
Good Luck and be careful of chasing stocks up. There is sure to be a reversal soon even if it only to consolidate recent gains.

DT