Things are getting ugly out there.  Markets like this are great for the quick and nimble trader.  Shorting is a difficult proposition because the market is so oversold and a snapback rally could happen at anytime.  This snapback rally could be very powerful due to the deeply oversold conditions.
Let’s look at the NASDAQ McClellan Oscillator
 
The [...]

Hello readers,
I’m still all cash, and here is how happy I am about it:
 

 
This is the dude who took over for Bill Gates 8 years ago.  Since he’s been the boss, there has been a "FLATLINE" in Microsoft’s chart (Balmer’s miracles: Windows Vista, Microsoft Zune, Windows Mobile (HAHA), and a billion dollars in recalled XBOX360s).  [...]

Here are a few of my favorite names right now.
1) (WLL: 92.06 +1.50) – This stock has been basing over the past three weeks.  This stock had very nice volume on Friday.  A minor buy point could be at $108.75 will heavy volume.  Average volume is 895,000 shares per day.
2) (ARD: 0.00 N/A) – This [...]

What a brutal day in the market today.  I mentioned yesterday that (RIMM: 44.78 +0.631) might bring the market down, but we got a barrage of bad news and oil was up on the $5 on the day.  The DJIA and NASDAQ slipped over 3% on heavier volume.  The NASDAQ McClellan Oscillator fell 22 points [...]

The Fed came out and did what everyone expected – nothing.  There are very few set-ups in this market right now.  I will give a few notes tonight and show one chart.  The real market move will be tomorrow, the day after the Fed made its announcement. 
(MON: 55.79 +1.44) – this stock reported a pretty [...]