AMMD

AMMD was featured in my newsletter, green arrow was my buy pt.

Update: CHTT

Another one that had a good pattern, but disappointed me badly.

Update: BOOM

Another example, just sit and sit.

Update: ABLE

Without a good eaning, after a fake break earlier this week, it just sits there.

Banking index

Update: CNET

CNET looks fair as well.

Update: FORD

FORD continues its strong uptrend.

Frustration

Yesterday I wanted to write a column about my recent frustration, but I could not find the answer, so I stopped. Today over MSN, one of my subscribers expressed his confusion and some disappointment. I now go back to dig my recent picks, and discover why my strategy has an above average failure rate this couple of weeks: the market is rewarding the companies that have come out good earning numbers, the ones have not are getting sold. Some of my picks had a great looking chart pattern, the overall market looks great, the stock price is just getting hammered after the fake breakout, because they don't have the fundamental news to support it yet. At the mean time, traders are rushing into the ones with confirmation from both technical and fundamental.

If any readers have been done very well or caught some great market movers this couple of week, please respond. Maybe there are more reasons behind my frustration.

Update: AMED

It looks like it will resume its uptrend.

CRM

It has been featured in my newsletter for some days now. Finally breaking out today.

Open

The market is just hanging there. With some more time, it will work off the overbought condition, which could be a bullish development.

CNET

I can't find many setups to buy recently. CNET is the only one this morning and it has been featured in my newsletter for several time, it finally breaks up today. I will try some here, very cautiously.

Open

The market gets a little bounce this morning, I think traders should use this mini rally to get out some longs.

Semi

Biotech

I expect 580-590 area will give support.

Pullback

The market finally started its pullback today, some speculative small plays are getting sold, stocks like CTTY, DSTI, but look at AMGN, EBAY, they are only down less than $0.5. Keep an eye on these leaders. They will tell us when the market will turn higher.

FORD

Monring

The market just does not want to go down. After a briefing weakness, once again it turns to green. Wow.

Weekly commentary

I remain bullish going into next week, even though I think a brief pause of recent rally is highly possible. We're in the middle of earnings season. Companies with good news are being rewarded with higher stock prices, while companies which disappoint are being punished. This indicates a normal, healthy market. With that in mind, I would think the pullback as an buying opportunity.

Past trades for the week July 18th

bot ango @ 25.91, sold @ 25, net (4%)
bot iiji @ 9.55, sold @ 10.26, net 7%
bot ckcm @ 23.94, sold @ 26.8, net 12%
bot dsti @ 16.38, sold @ 16.08, net (2%)
bot geoi @ 15.37, sold @ 14.6, net (5%)
bot mcri @ 25.5, sold @ 26.27, net 3%
bot asca @ 28.92, sold @ 28.34, net (2%)
bot plab @ 26.25, sold @ 26.88, net 2%
bot idbe @ 19.6, sold @ 20.5, net 5%
bot goog @ 310.6, sold @ 299, net (4%)
bot cme @ 302.1, sold @ 309.2, net 2%