The most important blog I have written in a long time.

The first thing I want to start with is the watch-list below is what I watch everyday. That hasn’t changed. I will run through exactly what I am thinking with some of the stocks on this list. The only thing that hasn’t changed is the market. It continues to be super boring and flat. In times like this you can easily think you can force a trade and earn some easy cash SOMEWHERE. It is quite the opposite you have to wait for the trade to come to you. So be thinking about patience and keeping your cash ready when there are some good buying opportunities. In my long-term account things are dribbling down but I don;t care they shouldn’t be down here. LIWA CHOP CHBT NEP etc. I explain below.

DIA SPY QQQQ SMH AAPL AFAM AGM AMED AMZN ATVI BAC CBAK CCME CHBT CHL CHOP CLDX CREE EGMI F GAXC GGWPQ GNW GS HEAT LIWA NEP HIG LNC MIC NFP MOS POT SEED FEED RINO TRIT TSTC NFP SYNM TIE X

Starting with the indices…

The indices are sitting at the 50 day support/resistance. Wavering Wavering. Boring.

CLDX is the only thing on my list that has started to move significantly to the upside. This was my latest trade idea that generated right at 20% so far and I believe still has some upside to it. I will update if I see anything on it that would change its story, but so far so good.

GNW hit new 52 week highs today, lots of strength, but could be a great short with our stock market system as it has hit some resistance. Watch it.

BAC looking strong

CBAK I bought this at 2.43 according to our stock market system and sold at 2.43 no upward movement so I decided to put my capital where it would work.

CHL long the june 52.50 calls

EGMI is halted and now a worthless stock because of a possible fraud within the company.

(Here are the current numbers which are accessible to anyone. Unless the company hired a chef instead of a CFO right from the get-go these should have been accurate.

- They have 12m+ in the bank
- They have a debt / equity ratio of 0%. In other words they have no debt
- Their return on sales is roughly 46%
- Their return on equity is over 35%

Whatever the case, there has long been a struggle for power at EGMI, I’m not sure of the exact details, but I imagine that the board & management are at odds based on the lack of execution over the last few months. I think this power struggle lead up to the events of last week.

I believe there is a chance that they do have the 12m cash that they always claimed to have. We have no choice but to wait, and hope that there is something brewing internally and we’ll hear all about it next week before the stock re-opens. Whatever the case, even if they have a glowing story and “it was all just a big misunderstanding” the stock will likely drop before it moves back up. Borrowed from Bullsonwallstreet.com)

NEP is riding up with Oil and has found its trading range here in the upper 9’s, on a dip, will be a great buy again and again. With our stock market system we nailed NEP at 7.86!

GAXC I keep a peripheral eye on this anything under .90 cents Ill start accumulating it again.

LIWA is so cheap right now thats all i have to say (buy buy buy)

CHOP has no volume but wait till some fund sees it true potential and starts to buy it. IFLG is a good example of what could happen in one day to these equities that are super undervalued.

CREE Looking to buy the calls once it dips 2-4 bucks will let you know.

TSTC I mentioned at 10 now at 20 and some change. This has some really good volatility but I have yet to purchase any shares and try it for a swing trade or investment. Great company. Strong company.

MARKET UPDATE:

Stocks rolled over in the final few minutes of trade to log their first loss in five sessions. The downturn came after the stock market failed to extend a move that took it from a modest loss back to its opening high… Financials were integral in the afternoon advance. The sector was a steady outperformer for the entire session and finished with a 1.1% loss, despite a lack of clear catalysts within the sector. While the broader market inevitably failed to follow the financial sector to a gain, its strength helped limit losses… Technical support at the S&P 500’s 50-day moving average also provided support. The line acted as a floor for trade during the entire session. It even held firm as stocks extended their opening slide into negative territory amid news that President Obama has proposed to broaden the Medicare Hospital Insurance tax base in his latest health care reform plan. Despite the negative reaction to the news item, health care stocks finished fractionally lower… Energy stocks were the worst performers. They shed 1.3%. Schlumberger (SLB 61.57, -2.33) was a primary laggard following news that it has agreed to a stock-for-stock merger with Smith International (SII 41.03, +3.33)… In other merger and acquisition news, Thermo Fisher Scientific (TMO 48.10, -1.12) has made a $6 billion bid for Millipore (MIL 87.35, +16.01)… Treasuries traded in quiet fashion this session. Results from an $8 billion auction of 30-year TIPS did little to stimulate interest in the space. As such, the benchmark 10-year Note finished just a few ticks lower… The dollar also traded quietly along the flat line. Its movements had little overall effect on the broader market… Trading volume was paltry once again as fewer than 1 billion shares traded hands on the NYSE. Dow -0.2%, Nasdaq -0.1%, S&P 500 -0.1%, Nasdaq 100 -0.3%, S&P 400 unch., Russell 2000 +0.1%

Until next time;

HAPPY TRADING!

the C² Trading Team

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