Member Jmoney, my room mate and I headed up to the Mirimar Air show today to go check out some crazy fighter jets and the Blue Angels do some insane stunts it was quite an exilerating experience these planes are impressive pieces of machinery. Its one thing to watch Top Gun, which was actually filmed in Mirimar i found out today, but to see them in real life its unreal!

I also had the pleasure to meet up with one of our most active members “Dopp” aka Royce , who also helps out a lot behind the scenes with the website, for the first time today as him and a friend drove down from Huntington Beach to catch the action. Luckily one of Dopp’s hobbies is photography so he took some really sweet pictures of the fighter jets in action today. Check Em Out!

Breaking the Sound Barrier!

All Photos can be seen HERE

Looking strait into this week there wasn’t many stocks to check out as fridays failure on the bailout passage news lead to some eratic behavior in the stock market. Most stocks formed extended bearish upper shadows for the day. Heres 4 stocks that could possibly be making some moves this week.

BKUNA
TSFG
TKTM
AWBC

Still light on trading  yet pounced on the opportunity to help us bank some extra cash when i noticed ETFC breaking out while watching its 10m intraday chart as volume was increasing. I alerted Black Service members to go long in ETFC at 3.06.

Email Trade Alert:
“In ETFC for a day trade here at 3.06. Looks like the market might run in the last hours as people are betting on the bill getting passed. Gonna follow the 13ema on this one into the close. looking to sell near 3.20 given the chance.

-fous”

Patiently we waited as it bounced near the whole #3 as well as the 50ema which are very strong levels of support. Towards the close it ran along the 13/9 ema trend on increasing volume. I took my profits at 3.16 for a nice 3.26% gain but you had the opportunity to sell it as high as 3.25. Try Out our Stock picking program aka: “Black Service” for a FREE 2 WEEK TRIAL!

Technical Analysis:

I’m still holding off on swing trading until we “hopefully” get this bill passed that the senate is voting on tonight. Its still to risky to hold stocks over night when another failed bailout plan could cause massive declines pre and post market. Looking forward to seeing what happens tonight with the Senate.