I was interviewed (audio) by Dennis Olson at Wallst.net recently and it was released today. It was a shorter interview then the Traderinterviews one I did recently, but I felt I got my points across more concisely this time. Check it out and if you have any feedback, please feel free to let me know.

Also, I had another Investopedia.com article published today which highlights one of my favored strategies. The article focuses on buying other traders fears in strongly trending stocks.

Enjoy,

Joey

Stock Chart Analysis MOGN

MGi Pharma, Inc. (Public, NASDAQ:MOGN)

After two days of selling pressure, I decided to start looking through my watchlists for stocks resisting to go down. MOGN is one that has held up quite well finding support at it's 20 day simple moving average today. In the grand scheme of things, it is holding well above it's previous base and 20.40 should hold as a low for now. If the markets find support here, then MOGN should move up to test it's recent highs.



Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis RBY

Rubicon Minerals Corp. (USA) (Public, AMEX:RBY)

I've been looking more closely at precious metal miners the past few days as I think there is a pretty good chance that metals are on the cusp of a nice rally. RBY has been pulling back to it's previous breakout area in an orderly channel. It looks like it is starting to bounce off the lower band after snapping back yesterday after it broke under recent lows and following through today on a nice increase in volume. There is a good chance that a bottom was put in yesterday and that RBY will resume it's uptrend soon.


Good Trading,

Joey

for more analysis, check out downtowntrader.com

** correction ** I mentioned CLDN below, but I meant to type CRDN. My bad.


I can't post my regular charts tonight, but I will try and post charts of the following stocks tomorrow. CERN, CLDN, INCY, and MICC all look bullish to me.

Good Trading,

Joey

Stock Chart Analysis CHAP

Chaparral Steel Company (Public, NASDAQ:CHAP)

CHAP was on a tear from March through May, and has since been consolidating. This consolidation looks extremely bullish, taking the form of a tight ascending triangle. It may come down one more time to test the lower boundaries of the base, but it might just break out here, especially if the general markets squeeze higher this week. I'll be watching this one closely.


Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis VNDA

Vanda Pharmaceuticals Inc. (Public, NASDAQ:VNDA)

I've highlighted VNDA a few times before this and it continues to setup for a bullish breakout. I have to be honest though, I really hate the way this stock trades. But, I keep showing it because this could really give a nice payout whenever it decides to get going. There is also a very clear line in the sand here if bears are going to attempt to push it lower. Should be an interesting week for VNDA.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis STJ

St. Jude Medical, Inc. (Public, NYSE:STJ)

STJ has been consolidating some recent strength and in the process has formed a nice cup and handle base. This is a variation called a cup with a high handle, where the handle is forming above the left rim of the cup. I prefer these because it is basically a consolidation above previous resistance, further confirming this area as support. It also gives you a convenient place to set a stop loss if the trade goes sour.



Good Trading,

Joey

for more analysis, check out downtowntrader.com