thetechnicaltrader.net

Yes Its True… The Stock Market is Closed July 3rd for 4th of July Weekend! Dow Tumbles 2.6% Yee Hah!

Jul 3, 2009 Stock Market News Comments

So just sitting around here and someone asked me on facebook if the market was open tomorrow? Of course its open tomorrow why wouldn’t it be? July 4th is on a Saturday right? Well apparently the US was kind enough to lend us another day off and give us a 3 day weekend which is nice because i don’t have to wake up @ 6am tomorrow and get to go out tonight….. But…. always a little bummed as i love trading and kind of disappointed when the market is closed!

On a sour note the broad markets got hammered today with the DOW collapsing 2.63% and 223 points. The overall market is looking pretty toppy and its very possible that we flip to the other side and give the bears another shot at controlling the market.

Looking at the DOW chart right now the recent bull trend is now broken giving favor to the bears already on a short term note. And and even Bigger case for the bears is this nasty Head and Shoulders Pattern that is juuuuuuuussssstt on the verge of breaking down signaling a sell signal to technical traders across the world which could cause a lot of negative momentum. Although news either bad or good about the economy is what can really flip the market in any direction right now. So technically we could breakdown on Monday then the next day some news could come out and turn the market around making it look like a false breakdown. Hard to call these days with so many false signals out there. But overall imo, the market currently looks in favor of the bears.

Happy 4th everyone. Cya Monday!

Black Service Portfolio Up +50% in 2009 While the S&P 500 lags us at +2.25%

Jul 1, 2009 TTT.net Updates Comments

JULY 15TH IS THE LAST CHANCE TO GET BLACK SERVICE FOR JUST 1.09/DAY! COMPARED TO 1.66/DAY!!!
more info here:

Its been an awesome year for 2009 with the Black Service stock picks portfolio up near +50% about 1/2 way through the year keeping us on track to have our 3 year strait of 100% annual returns since Thetechnicaltrader.net was found in 2006. While 2008 was a slump year and the S&P 500 plunged nearly 40%, Black Service had its best year ever returning +130% on the portfolio.

Currently for 2009 the Black Service Stock Picks portfolio is outperforming the sluggish S&P 500 by staggering 34% in 2009…. And outperforming the S&p 500 by…. eh hmmmm…… Well we’re up +1,164% since April 2006! While the S&P500 has crashed 29%.

Here is a current gander @ the Black Service Portfolio as of Today:

Heres a Gander @ the winners from June.

Get Your Portfolio in the Black by joining the crew of over 200 Black Service members worldwide lead by Pro Trader Cameron Fous. More Info

Fous 12 Bullish Stock Charts: URZ,ATSG,LIOX,BLKB,CPSL,LAMR,LF,MGI,LBIX

Jul 1, 2009 Bullish Stock Charts Comments

Fous 12 Bullish Stock Charts: URZ,ATSG,LIOX,BLKB,CPSL,LAMR,LF,MGI,LBIX

URZ – price midpoint breakout candle support and rallied strong today. Strong sign of conintuation.

ATSG – broke to new highs from its resistance around 2.50. Bull trend to continue?

LIOX – Large symmetrical triangle breakout in play

CPSL – possible symmetrical triangle pattern in play

LAMR – after bottoming near $15 support, todays strong moved could be a sign of a bottom after breaking out from its current short term consolidation.

LF – Bottom support @ 2/share. breaking out from its current short term bottom consolidation. Trend reversal?

MGI – very strong breakout on heavy volume breaking multiple resistance levels both horizontally and descending. could be something to buy on a dip.

LBIX – small cap penny stock surging on increased volume to new recent highs

BLKB – strong ascending triangle breakout on increased volume.

Potential Short Plays: IFON, CEUA, KIRK

IFON – ran from .20 to 2/share in a short amount of time.. this will get dumped at some point…. just a matter of when

KIRK – bearish doji star reversal pattern formed today after this stock has climbed friggin sky high. Good downside potential here.

Fous 6 Bullish Stock Charts: NVAX, CNXT, CWTR, DRL, CNO, UIS

Jun 30, 2009 Bullish Stock Charts, Technical Analysis Comments

Behold the Fous 6 Bullish Stock Charts: NVAX, CNXT, CWTR, DRL, CNO, UIS. Market ate up some profits today but their were still several bulls on the block that we should be keeping our eyes on.

NVAX – forming bullish ascending triangle. Huge volume today while price retesting neckline resistance areas.

CNXT – symmetrical triangle breakout on heavy volume. This could possibly run tomorrow

CWTR – solid bull trend riding the 13ema. Big volume today suggesting buyers are still finding value @ these prices

DRL – retesting its prior bottom support and breaking to new short term highs on increased volume and now back above the 13ema. Could be the bottom for this lil guy.

CNO – price tested midpoint support of its bullish marubozu candle followed by a rally today in the face of the market sell off. Good sign the bulls are in for a continuation.

UIS – nice ascending triangle consolidation with heavy volume @ the beginning forming in april and now again over the past week or 2. Could breakout to the upside with lots of room to run.

3 New Small Cap Stock Picks For the Black Service Portfolio Today. Closed CHLN for 25%!

Jun 29, 2009 Small Cap Stock Picks Comments

Just A reminder! July 15th is the last chance to get Black Service for just $1.09/day!! Get it while its hot!

Another awesome day to take profits as i sold CHLN first thing this morning @ the market open and got out @ 5.45 from my 4.36 buy mark which resulted in a huge 25% gain in just a couple trading session for the Black Service Crew . I’m quick to take my profits but some members are still holding as there definitely still is some upside potential here. But….. You don’t make money unless you take your profits

Small Cap Stock Pick #1
ticker: ????

Radical bounce off of the support base that has been built around 1.20 and short term descending trend breakout on increased volume. I went long @ 1.40

Small Cap Stock Pick #2
Ticker: ????

Price retested midpoint support of yesterdays breakout candle and bounced from here into the close. Strong forward growth with an extremely low forward P/E ratio of just 2.15x earnings make this stock fairly depressed with some upside potential.

Small Cap Stock Pick #3
Ticker: ????

This oversold broker lost some of its momentum into the close and didn’t follow through with the short term trading range breakout as i had hoped but i see a lot of upside potential here as it has been receiving upgrades by analysts down here in the dirt prices. I’m long @ 1.33

Real Time Trade Alerts!! BLack Service!