Stock Tiger Stalking Stocks™ For Monday October 27, 2008 You may subscribe to this newsletter free - subscribe Past 5 days Dow Nasdaq Close Friday Dow -312.30 at 8378.95, Nasdaq -51.88 at 1552.03, S&P -31.34 at 876.77 "Dow, 30,000 by 2008" Why It's Different This Time - "What a brilliant, insightful tome on investing cycles. The author makes an iron clad case as to why the Dow will skyrocket to the stratosphere by 2008." That is what one reviewer wrote about this book that was published in 1991.  But another reviewer who must have read it years later gave a list of books he thought the author may have written also such as: "Ringo Starr Will Be the Best Solo Beatle" - 1970 "Your New Flying Car" - 1971 "A Man On Mars - Why it Will Happen Soon" - 1972 "Personal Computers - An impossible Pipedream" 1974 "The Metric System - The System We Will Have to Adopt" - 1976 I have not read the book and maybe it has some good ideas but I suppose the author now must admit, as Alan Greenspan did before congress this week, that some of his idea were flawed. On Friday the index futures were limit down (on an anniversary) before the regular session's opening which happens when trading is halted in order to pace losses amid frantic selling efforts. The SP-500 index futures were locked down at -60 and the Nasdaq 100 index futures locked down at -85. Many felt that the markets would be much worse than they were on Friday. To have the equity markets open with out any accurate futures guidance was something that few traders have ever seen. There is probably no program selling or buying routines set up in the the computers for such a situation which is perhaps a good thing. Friday of course was October 24 so that likely helped the fall greatly as it was Black Thursday (October 24, 1929) that started the crash of 29 and anniversaries are often celebrated with similarities if the market is inclined. On Friday the Government probably did the buying at the open to hold off further declines. They also know what happened on Black Monday and Tuesday (October 28 and 29, 1929) that was 79 years ago but the collapse continued for a month. Elections though are only a week away so that may contain a larger fall or postpone it for afterwards. The poor opening was also to to do with the fall in Asia then Europe. Samsung Electronics, Asia's largest maker of chips, flat screens and mobile phones, posted its biggest profit drop in more than three years as oversupply drove down prices on semiconductors and displays. They predicted computer-memory prices will fall 30 percent in 2009 as global demand for personal computers increases 10 percent, less than its previous forecast for 13 percent growth. Their net income fell 44 percent to the lowest profit since the second quarter of 2003. Microsoft the night before had also lowered its expectation for the rest of 2009 and 2009. The market in the USA may have also reflected on some of Alan Greenspan's testimony before congress on Thursday. Greenspan acknowledged that he had been "partially" wrong about the need to regulate credit-default swaps. (Ya think!) He said the financial crisis is a "once-in-a-century credit tsunami" "This crisis has turned out to be much broader than anything I could have imagined and I cannot see how we can avoid a significant rise in layoffs and unemployment." He predicted a rough road ahead for the U.S. economy, as consumer spending further contracts, lending standards remain strict and home prices continue to fall for at least "many months." Greenspan said he was in "a state of shocked disbelief" About this Representative Ron Paul said that the existence of a federal bank that sets monetary policy -- rather than the market setting interest rates itself -- is flawed. Paul said the housing bubble was "preventable," but that the Fed and Congress created the financial crisis because they set "artificially low interest rates" while "insisting that subprime mortgages should be made." The full week was a large loss across the board - We have never seen it with such large losses in all the indices.   Adjusted for inflation we stand even lower - back to 12-year lows. With such a poor market and economic concerns the market players believe the FOMC is certain to cut the fed funds target rate. Currently, there is a 78% probability it will be taken to 1.00%, and a 22% chance it will be taken to 0.75%, down from the current 1.50%. Part of lowering would be to help restore the housing market by making loans more affordable but when you read Butch Cooley's comments today you may see that this may not help. On housing there was a report indicating existing home sales  increased 5.5% in September but that is also discussed later. The national median existing-home price however dropped 9% in September compared to a year earlier. That could be because 35% to 40% of all transactions are deeply discounted distressed sales (bank-owned sales or sales by homeowners facing foreclosure) The median home price was $191,600 last month, the lowest level since April 2004. At fool .com we noticed an article from March showing an estimate of the number of  mortgages with negative equity as home prices fall. Has to be a hard feeling to be paying for a house that is worth less than you owe. The percentage of negative equity mortgages are expected to grow as outlined here. The number of individuals claiming unemployment benefits increased 15,000 in the week ended October 18th to 478,000 from the previous week’s revised average of 463,000. The less volatile four-week moving average declined to 480,250 from the previous week's revised average of 482,500. The weekly crude oil  inventory report for the week ended October 10th showed a 5.6 million barrel increase in crude oil inventories to 308.2 million barrels. Crude oil stocks are in the middle of the average range for this time of the year. fourth straight increase in crude inventories.   For the week there were a few sectors that made gains:   So we looked at a 52-week period to see if any sectors had gains - only Beer!   Unfortunately though as we looked at that sector for the past three months  we find that even beer is not a safe haven.   With the big fall in commodity prices we have to wonder about the S&P 500 longer term as it has so many energy stocks that gave it such a boost over the period that commodities were on fire. Now they will not help and financials of course are not looking good so there could be many years before we see any longer lasting gains. We were looking at some PEs of various stocks that look really beaten down. A couple at the moment look attractive such as GE with a PE of 8.7 based on the trailing 12 months. There is the problem though that we do not know what the future earrings will be so maybe the current price is not out of line. Also, this is only one stock so what will it be like if the S&P PE goes under 10 again. According to data collected by Yale University Prof. Robert Shiller, the stock market's P/E ratio has been below 10 in 17% of the months since 1871. That's about one-sixth of the time. Here are a some of those times. Notice that they are extended periods spanning from 2 to 5 years. The last time the market's P/E was below 10 was in 1984 so out of the memory of most. The good thing about this will come when we do end the bear market - maybe in 2010 or 2012. If the PEs do reach this low again it can point to a  amazing bull run. August 1982, for example, the market's P/E ratio was below 8 and over the subsequent 20 years the stock market went up more than tenfold. At the start of our latest cyclical bull market the market's P/E ratio was 29 so the gains from 2002 to 2007 was only about a double. The best and worst industries for the week.   POT has a trailing PE of 10 but we do not know yet how far their sales will fall over the coming years. When you have such a steep run up  a steep fall back is not so uncommon. I do not follow this stock at all but chart wise you can see that it is not at all out of the question that it could drop 40% down to the next area of support. Now it is in oversold territory on RSI  and stochastics so a bounce may come but on most stocks if you are looking for long term holds there is not much indication that any bottom has been put in. Seasoned investors would prefer to pay much more for a stock once conditions are improving and they have the wind at their back than to try and catch a bottom and be sitting on dead money for long periods of time. Remember we have a new blog for posts regarding daily news or trading ideas - you can post your comment at the page bottom or make a reply to a post. Once registered you can click on your avatar that takes you to the account page where you can upload your own image.   Here a multi chart of the major indices and none are under their lower Bollinger bands. They have been falling so long that the bands have opened up leaving much room so no indication of a turn up from them. For a strong market turn - even for a few months relief rally, new institutional capital needs to be convinced that much of this disruptive unwinding is out of the way before it wants to make long term commitments even if it see current value. The DOW monthly - this month will surpass last month's high volume and it closed under its 200-month EMA and not far off its 2003 lows near 7200. Well not long ago if one wrote " not far from" and it was 1100 points below someone would think you were nuts. Now a 1000 point drop seems more like same o same o. The longer range monthly shows the "near" support at 7100 area and the deeper 6400 at the 62% retrace. The Dow 30-minute chart shows the triangle and various labeling. The labels may not be to important but the lines are and the 50 and 200-day EMAs. The triangle height is 1600 to 1800 points so a break down could drop that much in time. A good volume break to the upside would have a target of the 9785 high so also a considerable move possible. Some use the DIA to trade the DOW. Just pointing out the gap top resistance not far below the trend line as this also may be resistance if the 50-period EMA is taken out. The Nasdaq is near the support line and  the next level down would be 1250 as you see. Oversold but no sign of a relief rally. The Nasdaq 30 min chart is in a wedge and not very direction predicting at the moment. The top and bottom though are possible trade areas for break outs and break downs or reversals. The Nasdaq 100 also tested support from the 2002 late winter bounce and so far held. RSI is oversold. The Nasdaq fell another 9% for the week but the McClellan Oscillator is above the extreme levels we saw recently. NASI new lows - that else is new? And no sign of a crossover pending. The VIX had another record week as Friday it hit 89.53 - wild volatility. The TRIX on this chart did make a crossover so we will soon see how well it does with predicting a turn. The S&P 500 monthly not far from the 2003 lows. The S&P 500  weekly  oversold but no induction of a turn up. The S&P 400 mid caps are halfway between the two dotted line supports. Quite oversold suggesting a bounce but the trend is suggesting a test of the 2003 lows. The Russell 2000 monthly closed 6 points above the 200-month EMA. RSI is at 27 and stochastics at 21. The Russell 2000 weekly at the test of the recent lows. Both indicators are in oversold areas and the move has been almost straight down. It is another pretty large drop to test the 2003 lows so do not hold long while no support has yet been built.   The NYSE made a new low on Friday   with 1125 of its issues making their own new lows. This is better than the  2901 new lows on October 10 but still high enough to suggest a test is needed. The percentage of stocks on the NYSE trading above their 50-day average is similar to last week and the TRIX has no signs yet of an upturn. The advance decline issues ratio chart has held at the support for the last week. This is a new study so will require watching over time to see if it is predictive at all.   The GSG commodity ETF shows the commodity bull market ended some time ago and we may never see those prices again = well at least for a decade. This is good  for individuals to not have to pay such  high prices but not so good for all the companies who were making so much money the past many years. Maybe a new sector will emerge in the next few years that can also become a real growth and profits leader. Maybe it will be solar or thermopower. GSG hit the $35.50 support this week and so far it has held. It retraced the full height of its move and this is expected on other stocks and indices that have a similar pattern. If it reverses a back test of the bottom if the broken trend at $45 could be a target. Oil got to the 62% retrace but is still above the bottom line of the channel on this monthly chart. This appears to be at $60. RSI and stochastic are not yet oversold so in time we may see $50.   The US Oil Fund USO daily saw a dip below the support shown and close just above. It is oversold again so could bounce as the monthly chart suggests but it may also get eventually to the doted line. Here is the USO monthly. Anyone who does not believe that TA works only needs to look at some of these charts. As with oil itself - RSI and stoch has room to fall. We showed this chart in the past but not in such a long view. It is the Dow Jones  oil and gas index with DUG on the same chart. As DUG is short oil and gas we showed it when they crossed as a confirmation to stay long DUG.  We looked at a longer timeframe and it  it did not give useful information but it looked so much list a Mandelbrot Fractal that we wanted to share it. The term fractal was coined by the  French mathematician Benoît Mandelbrot and this particular one was named after him. Mandelbrot set - many years ago I explored many fractal formulas and made images from them. Maybe someday I will post a couple at the end of the newsletter. Gold lost 7% this week as the dollar gained. When the dollar pulls back gold may again rally but depends on how much one does to the other. Usually these unwinding of trades can take a while. If major holders are still liquidating gold they may do so for some time to come even if it rallies. It  closed at the 50% retrace and the $730 support but trading under the 50-week EMA may mean it has to stay down some time. The 62% retrace is at $658 and if that could be reached the RSI would give us a clue if that may be a bottom as you see the $550ish area is also a support from 2006. There is no hurry as if any change happens and gold becomes in favor  again we will have time to get in. If eventually its intentions are to make new highs there will be plenty of gains to go around. We expect the US dollar to pullback some and gold at the point may rally. The longer view gold shows a trend line if  the 200-week EMA at 684 did not hold (if it even gets there) that by the time, could be at the longer term 50% retrace at 650. The gold bugs HUI closed right at the lower line after loosing 17% for the week. We have oversold conditions and many gold stocks moved on Friday but not so many have excellent risk reward entry points. On Friday we had ABX, KGC and AEM for the bounce play and if gold stocks continue they may also but we will mention a few more that look pretty good if there is a continued gold move. Those are BVN - GG - GOLD  and HMY. The 30-minute XAU chart suggests that there may be some short term follow through with the Friday run in gold stocks but for confirmation we need to see the 3 indicators turn back up. Silver dropped to $8.68 intra day but closed back near the support line. RSI only dipped a bit under 30 which may be enough for a bounce but silver is rather wild and can overshoot in both directions. Unwinding of the yen carry trade has caused rather a panic in buying back the yen and driving up the price making 12 year highs. It did reach 123 in 1995. For so many years the interest rate in Japan was so low that many borrowed then sold the yen to convert into the currency they needed. to make investments around the world. Now as hedge funds implode and investors everywhere race to sell their investments and pay back their yen loans, the trade has reversed and the yen blasted off. This hurt stocks around the world due to the liquidations needed to buy yen and it will also hurt Japan as a strong yen makes their products more expensive for other countries to buy. With increased worries over how deep a European recession may be the US dollar has regained some of it status as reserve currency. This may have caused some countries who were selling the dollar and buy Euros to reverse their practice or at least stop selling dollars. The EU actually can benefit from a weaker Euro as its goods and services are then more competitive. The dollar broke above it 55-montht EMA on this monthly chart and will have to test it on a pullback as it did in 1998. The move has been too vertical so would benefit by an extended sideways move after a pullback. UUP is the Double ETF play on the US dollar. On the weekly chart the dollar ran right to the resistance - a huge move in only one month. RSI is in a very overbought range as is stochastics. World markets are down and this month the Russian exchange lost 54%. Only a small percentage of Russian individuals have any investment in stocks as they are more likely to put money into building summer homes. Even with this huge decline in 2008 the RTS is still up 355% since 2002 compared to the S&P 500 up about 13% in a similar period.      Butch Cooley Market Comments (Butch is founder of Leg Up House and the Butch Cooley Worldwide Hunting and Fishing . He has been an active trader for decades.) Stock Market Comments Existing homes sales up 5.5% in September:  I look at those numbers and immediately they make no sense to me.  How can housing closings be up that much when you consider the situation the markets are in?  So I called a friend who is a realtor for Windimere in Seattle.  According to her, the NAR is no where near accurate.  The National Association of Realtors exists to promote itself; i.e, sell houses.  She indicated that most of these houses used in the data are distressed purchases, foreclosures and would include houses selling for less than $10,000 in places like Indiana and Ohio.  I checked and they have houses that cheap, which is also hard to believe.  And these sales would not need a bank to close.  But the NAR would like you to believe the prices of these homes where at or above the national average of $191,600.  And they would like you to believe housing is "recovering" so you will run out and buy a house and save a realtor's job.   She also challenged the inventory reduction, saying they don't take into account things like the 3rd quarter increase in foreclosed homes increasing 71%.  That would not be in their equation.  The reason it did not make sense to me is it's for September.  This is when all the problems the markets are having now started.  The issue was and is credit and banks lending money.  Or rather lack of credit and banks not lending money. Further, I made a call to Keybank this week, inquiring about rates and terms to purchase a house in Tucson Arizona at a selling price of $200,000.  I am a single male, 60 years old, retired, fixed income with a decent credit rating.  The only loan I "might" qualify for is a 20 year conventional, fixed rate of 6.5%.  This required 40% down.  If I was a bit younger, and working, I could qualify for a 30 year fixed at 5.8% and that required "normally" 30% down. Those numbers appear to me to be very excessive.   But there is a new twist.   Assuming the house appraised out at $200,000, the bank would also require an additional $20,000 down and escrowed (still unclear how that part would work).  The reason for this is housing is still in a down trend, and no one clearly knows where the bottom will be.  This $20,000 would be used to cover "depreciated equity".  In short if the markets took the appraised value down to $150,000, the bank would have in cash an additional $20,000.  Kind of smart, and a little sneaky on their part.  Assuming I am a halfway average buyer, there is no way most Americans can afford the terms of this mortgage.  Basically the banks wanted 50% down.  I also put Ford Motor Company's claim of "we have money to lend" to the test this week.  I visited a local Ford showroom, and was answering an ad for a 2008 Mustang Convertible.  Price in the paper was $26,000.  Now, once you are talking numbers with the sales department, they start out at $33,900.  And we never got down to the $26,000 mark.  We made down to $28,700.  And low and behold, I qualified for a loan.  All they needed was 40% down and my interest rate was 21% for 5 years.    Still couldn't figure out how I was paying $26,000!! Greenspan:  Those of you who know me or have read things I have written in the past, know that I don't think much of Alan Greenspan.  I am one of those critics that harped on him during the dot.com era to step in with the powers of the Fed.  I criticized his 1% interest rate and the length of time he kept rates at that price.  Now as a trader, I loved his policy.  But I also knew it would cost us in the end.  Well, we are now paying for Greenspan's policies.  And I also give credit where it is due.  And Alan Greenspan may be naive, but he is a very brilliant man.  And it is easy to criticize someone when you don't have their responsibility or their job.  (And no one offered it to me either!!)  What Mr. Greenspan did do is he made money available, lots of money, and it was almost free.  That spurred the housing bubble after the dot.com bust.  Again, as an investor, I took advantage of the real estate market too.  And I also knew this investment opportunity would not last. What I found interesting in his appearance before Congress on Friday was the statement he made about how we were going to solve the housing problem.  Many people missed it I think, the statement that is, or the fact the Dow looked like it was in serious trouble at the start yesterday, and may have overshadowed what he was saying anyway.  But he made it clear, we would need to sell houses using "some kind of sub prime markets".  I can't say I was surprised when I heard him say this as he was always a big supporter of sub prime loans for years.  He pumped ARM's almost every time I heard him speak.  He was also a huge promoter of very few regulations in the financial markets and towards the end of his 20 years as Fed Chairman, he was pumping self-regulation.  Obviously that was naive on his part and simply didn't work.  What many of you may not remember, and is very relevant right now, Greenspan  made many attempts to launch a full scale investigation into the business practices of Fannie and Freddie.  At the time he called them both the Democrat Controlled Mortgage Agency.  Freddie and Fannie were regulated by the House Finance Services Committee, and the Chairman was and is Barny Frank.  Now we all know Barny Frank from recent appearances on every news station during the two weeks of negotiations to get the $750 billion bailout bill passed.  And he was blaming the Bush Administration for all the troubles.  LOL!!!  And it was rumored that Mr. Greenspan resigned due to his inability to break down the Democrat wall against him and his investigation of Freddie and Fannie. Anyway, I wrote an article in August 2007, when all this news about bad ARM's and CDOs, SIV and sub prime were becoming very unpopular words.  In fact, I knew what sub prime was, but CDO's and SIVs were new terms to me a year ago.  I realized we had created a huge mess, but I had known it would happen since the end of the dot.com eara.  So I was out of the real estate markets by then.  I was actually out of them in early 2005.  What I realized a year or so ago was housing was done.  And our foreclosure rate would be astronomical.  And this would help kill our economy, possibly the banking business as we knew it, and it would leave a huge surplus of housing on the markets with no one to buy them.  Half jokingly I said the we would rename "sub prime" and give it a softer sound.  We had to as we had no one to sell homes to but the people who were being foreclosed on.  Now, a year later, I see that as the only way we can solve the mess we are with housing.  It's too early for any one to attempt such an undertaking, but I feel very confident is saying again, and this time seriously, that with new regulations, that is exactly what Congress (most likely) will end up doing.  So, from my point of view, the people who can't afford these ARM's now and are being displaced, they will be back in another home in a few years.  I don't know yet how it will work, but I will think on it more! AIG:  Now this company is a piece of work!!   It was just a month ago, we, the tax payers, got the task of taking over majority control of this company through an $85 billion dollar "loan".  Right away, the top end executives celebrated their good fortune by throwing a party at a cost in excess of $400,000.  I actually think there were two of these.  We get a new CEO to "our" company, and we find out the outgoing CEO is taking home a severance package of $19 million.  And the outgoing CFO is taking home $10 million.  This is their  reward for running this company blindly, into the ground.  Well Mr. Cuomo in New York put a freeze on that deal this week.  But, Edward Liddy the new CEO,  managed to land an additional $37.7 billion dollar loan this month.  And on Friday morning, he has the unmitigated gall, the arrogance, the audacity to claim this credit line, exceeding $122 billion right now, will most likely not be enough.  Once again the tax payer is getting it in the shorts.  And no one has any idea just how much money AIG claims to need, nor how much they will get.  Liddy claimed on Friday, or late Thursday, that his company (it's not his anymore!!  Someone should tell him that) has burned through 75% of the total amount already.  So much for transparency!! To me, this is indicative of just how the Fed, and Treasury is going to handle the entire $750 billion, or is $850 billion.  We will dump literally tons of money, money we will borrow, print or sell T-Bills to get (one of these days, no one is going to show up that the T-Auctions!!) capital to put into these companies, with no real controls, and no one has any idea of just how bad these companies balance sheet really are.  It short, the bail out will fizzle.  Then we are in really troubled times.  Oil and OPEC:  Ok, this is a theory, not a fact.  Just something I was thinking about.  OPEC dropped production on Friday by 1.5 million barrels a day. Everyone expected that, or at least 1 million cut and maybe as high as 2 million.  So we go into a recession.  I am of the school that believe that we have been in a recession for about 9 months.  I am also of the school that believes we very well might be heading into a real live 21st century depression.  Oil at the time I am writing this, just broke below $65 a barrel.  When OPEC made the announcement, oil was trading around $70.  So already, OPEC will need to cut again.  And the benchmarks will be $65/brl, $60/brl, $55/brl.  I think we will see $55 fairly soon, simply because the "slow down" in the "fairly lengthy recession" will diminish how much we consume at the pump.  Remember, more and more people are going to be out of work.  Less and less money to spend on gasoline.  So soon, OPEC will cut another 1 million around $60, and another 1 million around $55.  And if we do get as low as $55, we then have the "valve" down to a trickle, and we can look forward to gas lines again like in the 70's.  There won't really be an oil shortage, but there will be lines.  Have to look at your license plate and see if you are odd or even.  By the way, gasoline will break $2 just before if and when this happens.  Quote I heard this week:  Kirk Kirkorian, "I lived one year too long".  This after selling a gazillion shares of Ford Motor Company this week, and plans to dump his entire stake in Ford.  I believe he invested some $1 billion back in 2007.  I think he bought around $8.60ish a share.  So he is selling in the $2 range.  Rumors are he needs the capital to keep the MGM in Las Vegas going.  BC Check the Earnings Calendar on all overnight holds. Weekly economic calendar from briefing.com. When any of you sign up for a new stockcharts.com account there is a space to put in a referral name on that form. If you enter  stocktiger@stocktiger.com they give us credit. Thanks! Last weeks winners We had an excellent week with 19 stocks from our watch list hitting their trade points. Many had significant gains. There were 13 shorts but actually 6 longs also gave profits. This does not include the standard ETFs that we have shown so many times which many of you seem to trade daily. One not on the watch list but that continues to rack up profits week after week since April in GDX using the Renko 60-minute chart. It was interesting that on Friday while we had 3 gold stock  longs making double digit gains our automatic short on GDX lost 2.24% but we did not have a cover and buy signal so the position stays as is until the CCI crosses back over -100 and or the parabolic SAR moves under the formation. The correct position has about $9 in profit since the last short so let the mechanical system do its work. SRS is a short for real estate and the buy point was on it moving again over $150 on Thursday and it ran up $35 and pulled back to a gain of $8. Then on Friday it ran to almost $195  or a $45 point two-day gain. This is very liquid with almost 5 million shares traded on Friday. We had shorted RIMM under $60 in the past but re entered it on the watch list to short under $50 as well and it make almost a $10 profit. AMD went on the list on Wednesday night and gave a 20% 2-day gain. We added 3 gold stock on Thursday and on the video suggested a basket buy of gold stocks as an alternative and on Friday all three took off, in fact in the early going they were the very top gold movers and all three intra day were up over 11%. AEM was one of them. There is no outright buy signal at the moment but we were playing for the first day reversals as they were under the Bollinger bands and oversold. Some who do not have futures accounts like to trade the S&P 500 using the Ulra ETF SSO for going long and shorting it to go short or then buying  SDS the Ultra short. NinjaTrader is a free charting program that with payment can provide mechanical trading at many brokers. You can program parameters for the trades and let it do the work. One such system is a simple one of using a longer and shorter moving average crosses on a 15-minure chart to go long or short on crosses and then closing the positioning at the close of the day. This may only give a couple of trades per week - it varies but it does provide pretty good results on average each month. There are many different strategies. Below it shows a 30 and 16-day EMA crossing for signals and on this chart there was one whipsaw on the 31st but then a short on the 22nd that gained a few dollars. It looks like if the market is up a bit on Monday there will be another crossover. On the same chart we have drawn brown lines to indicate trades using the RSI and or the stochastics crossovers as we talk of almost each day. This gives more trades but you have to use some stops also as RSI and stochastics do not always reach their targets before a reversal. New additions to the watch list. Remember that we add many stocks to it each trading day. AKAM  Short under $12.37 KCI Short under $19.73 if volume picks up - but maybe this will be a long also with good volume over about $23.58 MON Short under $68.00 CMC Short under $8.44 TRS Short under $3.00 or bounce on good volume there if market improves KFN  Short under $2.84 SIL  Silver looking for a bounce but not under $1.00 AMGN  Biotech over $58.50 on good volume a little looser stops it seems but beware of market.  Remember we have a new blog for posts regarding daily news or trading ideas - you can post your comment at the page bottom or make a reply to a post. Once registered you can click on your avatar that takes you to the account page where you can upload your own image.   Feed the Eyes Photograph by Nick Lisitsin - Laspi Rocks       Photograph by Nick Lisitsin - Pillars of Earth     Reincarnation That's a full lid for today - will see you during the week. We have published a donation page for the ease of you giving to a charity of your choice. If you have benefited from our site we encourage you to share with a charity. We have a few recommendations who all use a high percentage of the donations for the actual program use. If you have some we should add please send us a note. Donation Page Check the Earnings Calendar on all overnight holds. Check the current message board also for other good stock candidates as there are several there right now. If you use StockTiger mail you can access your account using simply my.stocktiger.com . If you would like a free StockTiger.com email address that uses the Google Gmail spam filter and you can check your mail from anywhere. Send me (ST) a personal message from the message board.  Include your First and Last names and the name you want to use. Your address will be (your choice)@stocktiger.com Best regards, Stocktiger.com