GREAT DAY

Today was an amazing day for the stocks that were searched under the PRICE AND VOLUME BREAKOUT. VCLK went up 14.3% today alone. MIR up 1.3%, ICON 0.25%, BSM 5.3%, RATE 1.25%.

WNR broke out of consolidation and was up 4.9%. ORCL came out of a high handle; however, trading volume was not that high. If IFOX, breaks $17.14 on high trading volume it will have officially broken out of a cup and handle. CRM ripped past the buy point of $46.18. Any buying above $47.25 is way overextended. Watch MR very closely to pitch out a handle. BBND has had 4 straight up days. ICE has lots of accumulation going on.

RE-READ DARVAS ARTICLES

I was flipping through some information and this is a note to myself. Check out the TASC from May, 2005 and June, 2005.

CONSOLIDATING STOCKS:
WNR (Buy target = close above $41.49, Sell target= close below $39.52)
ORCL (Buy target = close above $19.39, sell target = close below $18.39)
MCO looks to be creating a bull pennant. So watch for a breakout in either direction.
FXE which is an ETF based upon the Euro currency. Let's see where this is going to take us.
NLY hasn't made a move for a month and a half. Just keep an eye out.
IFOX seems to be forming a bull flag.

CRM may be on the sell/short list soon.
BLUD: Staying away as the gap that was created in early April looks as if it being filled
MR may also fall back to fill the gap.

Good luck trading.
JD

SOLD SOME, BOUGHT SOME

I made some changes in the portfolio today. I see my old stocks trading sideways so I am getting out of those and getting into those stocks that I see are going to make a run. Hope the markets just hold out.

Here is my trading diary
Buy HOLX at $54.04 on 2/13/2007
Sold HOLX at $56.32 on 5/16/2007
4.2% profit
(Reason for selling - broke 50 day Moving average and also sold to buy RIMM)

Sold to Open June 55 call for $5.80
Buy to Close June 55 call for $3.00
48% profit

Bought TAM @ $27.46 on 5/10/2007
Sold TAM @ $28.96 on 5/16/2007
5.4% profit in 6 days.
(Sold it to buy RIMM)

Bought RIMM @ $149.50 on 5/16/07
(Reason - Broke 52 week high at $148.95 so that is nearing the top of a Darvas box and that is seen as support. Higher trading volume and positive EPS also helped.)

Just some quick notes.
CRM is a buy if and when it breaks above $46.18.
GOOG - A strong move today so this is one to keep an eye on for the next few days.
IFOX breaks above $17.14, it's a buy in my category.
COMV - If you enjoy IPOs, check this one out. Today it passed old resistance.

Just to be a contrarian. I am nervous about this big upswing that has occurred after the February downfall. I wouldn't be surprised if the market takes a down turn for a little while since the Dow Jones is at an all time high.

GOOD LUCK.
JD