Mastercard had an unbelievable day today, closing up $32 to around $190. Earnings were a blowout combined with the Fed rate cut help fuel the rally.  I think the stock goes to $225-$250.  Online shopping this Christmas season will be the best yet.  Mastercard will reap a lot of revenues from this trend.  MA also announced a share repurchase program.  You have to think the company is extremely confident if they are buying back stock the stock is making new all-time highs.  Most companies buyback stock when they think its a “value”.  I mentioned MA 9 months ago as a core growth holding. I still like it.  Congrats if you bought !  

I like UA right here for a longer term hold with a stop loss around yesterdays low.  I will post that penny play tonight, so get ready!!

e-Future Information Technology, Inc., through its subsidiary, e-Future (Beijing) Tornado Information Technology, Inc., provides integrated software and professional services for manufacturers, distributors, wholesalers, logistics companies, and retailers in China’s supply chain front market - Yahoo Finance. EFUT’s chart looks interesting. Huge gap up earlier this month and then a pullback on much lower volume. The stock filled the gap and todays action looked promising. Nice volume. This is a risky play but I think this stock could go much higher very soon.

One common theme during earnings has been the big cap tech in general has crushed estimates. Apple, Microsoft, Google, VMWare and some others come to mind. Most companies buy something from CISCO systems. It’s still a bellweather for the tech sector. I profiled Cisco a few months back and said it may be getting its groove back. Well, given the recent pullback in Cisco shares, I think the risk/reward is favorable going into its earnings announcement on November 7. I like the stock here. Old Big cap tech is where the money manager are going to park their money during the fed easing cycle. I see Cisco benefiting. Here is the chart:

I like the action in MEMC recently. The stock is breaking out on big volume. The stock traded near 30m shares on friday and had a nice follow thru day today. Im not sure I would chase it up here, but it looks like the stock is poised to run-up over the near term.

I forget where I came across this chart at but I do like. It gapped up to new highs on huge volume and has not retraced back too much letting me assume that the move was valid. I bought on Friday near the close and plan on holding this stock as long as the chart looks good. Between STP and VMW I am planning that I should make a nice profit out of the two stocks.

Keep checking back because I will be posting a very cheap ((((SPECULATIVE)))) play in the days to come that can possibly make you over $30,000 with a $120 investment or (gamble).

Good thing I held this stock into earnings. It paid off nicely. I like this stock and I like the company. I am in this for a long term hold. I would not be surprised if we see 100 before we go way higher, but I am not going to be shaken out.

Great week we saw. VLO went up nicely and holding VMW into earnings paid off big for us.

ICE made a new all time high for us as well.

We were luckey enough to get NYX before it was added to the S&P and got some nice pts off of it.

I dumped my BCSI for now for a small loss  after RVBD reported and will not buy it back until the chart starts to improve.

CONGRATS to all who got into CF when mentioned here June 11th at $48.

It hit $88.88 on Friday for an all time high.

More charts and picks on the way!

I mentioned that I loaded up on this the other day. I see this stock getting to near $77 in the next month or so. As you can see it is in a nice trading range and I was able to pick up a couple hundred shares for around $69.

We finally did it. I have been posting ICE stock charts for the last year now and I never gave up on it. Sure I shorted it now and then but overall I was very bullish on this stock. The stock pulled back today about $7 but I am not worried. We should see $200 sooner or later. I remember when this stock went to $113 in August and I almost sold. Good thing I didnt.

Shorting the MOMO `s     =   Priceless

I am picking up VLO right now for a longer term hold

Here is a stock that I mentioned in the comment section. This stock chart looks great. It broke the downward trend line and went up, pulled back to support where a second buy opportunity presented and it looks like its going to test the 90`s again. This is just a few of my longs that I have kept.  Be careful because the market is just not acting right.

As you notice, I have not posted too many charts the past week or so. The reason is because I am very skeptic of the market still. I have been mainly day trading. I was short aapl, but followed my rule not to gamble on earnings and listened to Steve and it was a good thing I did because aapl went flying and I was able to short 300 shares pre-market for a quick  gain. Every day that the market gaps up, I have been fading the gap with a short, and book profits quickly. The market went flying today and I really think tomorrow will be a good short day. I am looking to short the momo stocks pre market. They tend to go down as fast as they went up. I am going to put a chart of NYX up that I bought a few days ago and still like the chart. VMW is another stock that I have a small portion of that I will acutely ride into earnings with which is tomorrow.

Also congrats to all who bought AMZN  featured here  August 21, at $77.
It hit $101 today before going down after the earnings.
Also congrats to all who bought SPWR featured here June 22, at $63.
It hit $109 today.

Also there is sometimes a confusion when I post a short on the blog. Most of the time (except for FED) the shorts are swing set ups because I believe the stock is short term overbought. If there are ever any questions just ask and Ill try to comment back in the comment section.

Brett profiled BCSI recently and I liked his pick. Today, the stock opened down $5 for no apparent reason that I can tell.  I picked up some shares this morning.  The stock closed near its high of the day, which some call a reversal.  I think the stock put in its lows for awhile today.  I like BCSI here, with a potential stop maybe .50 cents below today’s low price.

Apple posted great numbers after the close today. A few months back I suggested that Apple shares could reach $200 by end of 2008. I may have been a year too late. The stock has traded today as high as $188 in after hours activity , which has been heavy.  Nearly 10M shares have traded after the close.  Here is the kicker:  Apple guided UP for EPS and revenue estimates for the Christmas quarter.  As far as I know, that is unprecedented in recent history.  They typically low ball future earnings estimates.  Whatever they estimate, you can be sure they will crush the numbers.  They say $1.42/share on $9.2B in revenue.  All of the analyst are going to readjust their price targets now that Apple has guided up. I think Apple is going to $225 this year, maybe $250 after middle of next year.  Call me crazy.

Tommorrow, I like AMZN as a pre-earnings play.  All of tech has crushed numbers and I think AMZN is likely to follow suit.

Here is a stock that one of the readers (Monty) brought to my attention. This stock pays a very nice dividend and is showing a very nice chart. The MACD is about to cross 0 and the RSI is rising as well. It is trading in a nice uptrend since 25. If it ever pulls back to 25, I should load up more, but I did take a position today.

CONGRATS to all TBSI longs. JOHNS gave it to you here at $14.

Cisco Systems has once again become a leader in the technology bull market. I believe during the 90’s to early 2000 bull run, CSCO was up like 10,000%. Anyhow, it was something ridiculous. Today’s CSCO certainly isn’t going to return that much, but it is up 32% this year and the company has $23 Billion in cash for a rainy day. I think CSCO will use some of that cash to make acquisitions and maybe pay a one time dividend along the lines of what Microsoft did a few years back. Here is the chart.  It looks good. Earnings are the week of November 7. CSCO is a convservative, steady play in today’s tech market.

For those of you from planet MARS, that is the slogan for a company called NIKE. NIKE is the leader in athletic apparel and many other sporting related accessories. They also have a few marquee names like Tiger Woods, Micheal Jordan, etc who help sell their products. NIKE’s stock looks like its breaking to new highs here. A lot of NIKE’s business is international and no doubt that is a catalyst for the stock’s recent run up.  I like the company and its products, but I would wait for a pullback before “just buying it” with NIKE. Here is a chart:

I re shorted DRYS as a double top on the daily formed at 127.00

Went long on VMC, trend looks good

Went short on PTR and EDU

I really think the market should go lower. I am keeping my shorts which include at the moment PTR, EDU AAPL, ICE, DRYS, and FED. I am going to cover EDU at the EOD prob.