I have been given a few Covestor Invites to share with my readers.

Covestor is:

A real-trade sharing service for proven self-investors. To share your real investment decisions, gain recognition and earn fees by helping others

Where all data is private, normalized and anonymous, and membership is free.

With Covestor, you can:

Build a track record. Professional grade tools measure and display your normalized results. These validate your performance and build you a track record comparable to professional hedge funds. Our secure broker link makes it effortless to upload and update your holdings.

Choose how widely to share your activity. You choose whether to share your track record publicly or just with other Covestor members. Covestor 'widgets' also let you export your verified performance and rankings to your personal blog. Members get free access to all Covestor profiles, transactions, and commentary.

Get feedback and ideas from other Members. See what other members are investing in and why, in near real time. In addition you can benchmark your own performance, and see where you rank.

Earn financial rewards. Covestor will be adding a regulated investment service. If you choose to be compensated you will receive an annual data fee for every follower you have.

Here is a recent Seeking Alpha article that discusses Covestor as well.

If anyone is interested, let me know and I can email you the code.

Joey

Stock Chart Analysis XLNX

Xilinx, Inc. (Public, NASDAQ:XLNX)

XLNX is looking very interesting here for a few reasons. The daily chart is interesting because it recently broke out and has now pulled back to test the breakout area. While I prefer for it to not pull back 100%, there are other compelling reasons to watch this stock. If you pull up a weekly chart (sorry, I'm short of time and can't post it) you can clearly see it broke over a trendline that was acting as resistance. It also acted as the neckline for a large reverse head and shoulders bottom and this pullback it resting squarely on that neckline. If XLNX can hold this area a few more days and then turn higher, then I think a major bottom will be in.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis JST

Jinpan International Limited (Public, AMEX:JST)

While JST has fallen under it's 50 day simple moving average, it is attempting to find support at the 200 day simple moving average. It succesfully cleared and then tested a down trendline that was marking a consolidation base. This is a tricky trade due to the low float, but it's possible that JST will form a new low in this area and then attempt to clear the pivot point at 23.22. This would provide a nice risk reward setup.


Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis JADE

LJ International, Inc. (Public, NASDAQ:JADE)

JADe is setting up pretty nicely for a bounce off the lower band and 50 day simple moving average. There is a chance that it launches to new highs from here as it's had time to work off the recent move from 9.52 - 13.15. I'll be watching to see if it can take out the 20 sma and then the upper boundary of this little triangle.


Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis WIRE

Encore Wire Corporation (Public, NASDAQ:WIRE)

WIRE looks like it is itching to break out of this triangle it has formed. These are usually continuation patterns and I'm not seeing much in this chart to think it will break down here. There is some stiff resistance above, but WIRE could provide a decent trade before reaching it.


Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis TRMB

Trimble Navigation Limited (Public, NASDAQ:TRMB)

TRMB recently gapped to all time highs and pulled back immediately after that. Some may think that the breakout has failed, but technically, it has just pulled back to test the previous breakout area. It is also sitting on the rising 50 day sma and the lower bollinger band. There is chance that 28.75 is going to be the low for a while to come.


Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis DSCO

Discovery Laboratories, Inc. (Public, NASDAQ:DSCO)

DSCO has had a very nice rally recently, and is in the process of consolidating as it pulls back on declining volume. It has now pulled back to converging support provided by a rising 50 day sma, lower bollinger band, and a horizontal trendline over a previous breakout area. There is still an unfilled bearish gap above that is calling as well.


Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis VPHM

ViroPharma Incorporated (Public, NASDAQ:VPHM)

VPHM came up on one of my bullish scans a week or so ago, but has started to break down since then. It has actually traced out a head and shoulders top that hasn't confirmed yet. It would have to close below the neckline for it to be an actual head and shoulders top. Head and Shoulders that don't break down can actually end up as bullish patterns, as all those betting against the stock cover or buy into a rally. I would watch this closely over the next few days.

Good Trading,

Joey

for more analysis, check out downtowntrader.com