Holy  guacamole! Is this happening? Am i entering in swing trade? Yes i think i effin am for the first time in a while because this market has been so crazy. But it looks like most market crushing bad news is behind us…. IE multiple banks going bankrupt bla bla stuff like that which weighed heavily on the market. Now it appears that the market could be bottoming and set for at least a short term rally for a few weeks or so, As well new stimulus packages certainly could help.

Take a look at the DOW currently on the 60m chart it made a strong breakout above the descending resistance line of the symmetrical triangle formation and the 13ema looks like its about to cross the 50ema to the upside for the first time in a while.

Technical Analysis:

Small Cap Stock Pick #1 - ????

This stock has collapsed from its highs earliar in the year from around $8/share. Today we saw a notable sign of a possible bottom at price broke out a recent resistance mark to make newer highs of its latest short term trend. Todays move also broke its short term descending trendline. I think its very possible we could see this move to 2.75 - 3 in the near term. I alerted Black Service members to go long at 2.26

Technical analysis :

Small Cap Stock Pick # 2 - ????

This is the first otcbb stock that i have found attractive in quite some time. BB’s used to be so abundant for easy 20-40% trades all the time so im excited to see some stocks moving again on the bulletin boards again. One thing that is quite attractive about this stock is that Legendary investor George Soros has some 10 million shares in this stock so he obviously is speculating that this stock has some solid potential. That along with its extremely bullish stock chart and im sold. I alerted Black Service Memers to go long here at 1.19 Today

Technical Analysis :

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Small Cap Stock Pick # 1

???? we have traded in the past for some solid gains not too long ago. Now that that have released a record earnings report momentum is back in favor of the bulls and its very possible that we could swing a big profitable trade on this stock once more.

”

???? Reports Record Financial Results for the Fiscal Year 2008
Friday August 22, 9:02 am ET

- Annual Revenue Increases 206% to $25.3 Million; Net Income Increases 1031% to $6.74 Million -”

Technical Analysis:

Price action broke out from its descending triangle and met resistance around 1.22 from its last peak early this month. I think its very possible for momentum to continue on this stock so i want to buy a 1/2 position Monday Morning and buy the second 1/2 if given the chance on a dip.

Small Cap Stock Pick #2

???? has been beatin down severely in 2008 losing over 90% of its value and a lot of short sellers pressing this stock down as well. Yet this also presents a good opportunity to buy this stock on a breakout and catch a short squeeze and with this stock trading at just 2.69/share now its very possible to see some huge moves.

Technical Analysis:

??? made a steep decline over the past few months yet has stabilized forming a horizontal trading channel. Friday that channel was broken to the upside showing a buy signal as there is no resistance in this stock until $5/share as well. I think we could see some solid gains out of this stock over the next few weeks. I want to go long a 1/2 position here Monday morning.

P.s. Last week was nice having the week off i dont think i have taken a full week off from trading in over 2 years haha….. We finally got settled into our new place in San Diego i love it here we’ve been having so much fun and were goin to a chargers game tomorrow night so that should be sweet!

Heres where we live in mission Beach. and a picture of the view out my bedroom window, Some Millionaires vacation home and the ocean Hopefully in 5 years i’ll move beach front