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« April 2005 |
Main
| June 2005 »
Dear Diary,
My selling of HANS was officially a mistake today as it made a new all-time high.
One of my lovelies, IRIS, continues to do what it does best - go up.
CMT is going ballistic and is close to new highs.
Market leader ADSK touched a new all-time high for the first time this year - a good sign for the market.
Recent IPO DXCM had a big block trade today and is either being accumulated or distributed at $14 - so I think whichever way it moves away from $14, it will stay in that direction for a while.
Click here for more Ugly picks.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 11:29 PM | Comments (0) | TrackBack
It is especially hard, but extremely important, to be honest with regards to the stock market and your trading. First with yourself and then with others. If you are not honest with yourself, you will never know the real reason you make mistakes and you will never be able to correct them. If you are not honest with others, well.... if you are not honest with others then I don't think you are really being honest with yourself.
It is really hard to be honest with trading because the market often makes you look like a fool.
I think a lot of it has to do with confidence and determination. Confidence that you are not a fool even though you may often look like one and determination that you will succeed even though you may many times fail.
Posted by Ugly at 09:18 PM | Comments (0) | TrackBack
Stephen Spindler, a professor of biochemistry at the University of California at Riverside, has helped mice to live longer by putting them on a reduced calorie diet. He agrees with Aubrey de Grey, that the average life span of humans can reach 1000 years or more.
"It sounds crazy, I know, but when I started in research as a graduate student we didn't really know what a gene looked like, but just in those intervening years, we're designing drugs to specifically target specialist genetic problems and they working fairly well," Spindler said.
"The same kind of growth in knowledge could have a dramatic impact on aging."
"...If people want to do something for their health right now, they should quit smoking if they smoke. Eat more fruit and vegetables and less meat and that will reduce cardiovascular risk by half. Rather than think about taking supplements there are simpler things they can do to help."
Posted by Ugly at 06:01 PM | Comments (0) | TrackBack
Some readers may be interested in an interesting post the other day on TaylorTree comparing Bruce Lee, martial arts, the market, and even the TV show Survivor.
"Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot it becomes the teapot. Now, water can flow or it can crash. Be water my friend."
-- Bruce Lee
Posted by Ugly at 03:53 PM | Comments (0) | TrackBack
Dear Diary,
GEOI made a bullish cross over CCI 100 with volume and is close to new all-time highs. I would wait for a breakout to buy.
TLWT has gone straight up since its recent IPO. The planets aligned on Friday for TLWT as it had above average volume, it closed at an all-time high and the CCI made a bullish crossover 100.
ABLE is going nuts again - for the daytraders.
Nearly 40% of the float is short for JOSB and they are all being burned as it made another new all-time high on Friday.
With less than 1 million float, when MAHI goes - it can go up 300-400% in one day - for the daytraders.
Click here for more Ugly picks, including my favorites.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 12:01 PM | Comments (2) | TrackBack
My business partners have been pressuring me into charging a small fee for some pages of this site, particularly the all-time high list since it is not available anywhere else on the internet that we know of. And because uglychart.com has been losing money quarter after quarter. So a few pages on the site are now only available to paying subscribers. The main page and most of the pages will continue free as normal. Thanks for your support! If you have any questions - email me at ugly@uglychart.com
Posted by Ugly at 07:08 PM | Comments (1) | TrackBack
With 1533 votes, Billy Joe is the thirteenth blog to be voted off the island. Only ten remain.
Sorry Billy Joe, you must leave the tribal counsel area immediately.
Why was Billy voted off next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 01:25 PM | Comments (0) | TrackBack
It was a pretty uneventful day as everyone left early for the Holiday weekend. However, it looks like somebody might have taken the opportunity to try to sneak a huge block trade under the radar for NSI:
Looks pretty good for next week, so I got a few in AH trading.
Posted by Ugly at 05:05 PM | Comments (0) | TrackBack
Futurologist Dr. Ian Pearson thinks that by the year 2050 we will be able to download our consciousness onto a computer and therefore become immortal. Don't forget to make a backup!
With this and Aubrey de Grey's theory, it is even more important to be healthy so that you can live long enough to live forever.
"The new PlayStation is 1 per cent as powerful as a human brain," he said. "It is into supercomputer status compared to 10 years ago. PlayStation 5 will probably be as powerful as the human brain."
He isn't talking about pure data here. Pearson believes that the human consciousness can be stored in digital format.
He also talks about the intelligent computers of the not-so-distant future:
Not everyone agrees, but it's my conclusion that it is possible to make a conscious computer with superhuman levels of intelligence before 2020."
'It would definitely have emotions - that's one of the primary reasons for doing it. If I'm on an airplane I want the computer to be more terrified of crashing than I am so it does everything to stay in the air until it's supposed to be on the ground.
Have you heard of the Singularity? From their website:
If technology can turn around and enhance intelligence, this closes the loop, creating a positive feedback effect. Smarter minds will be more effective at building still smarter minds.
It is pretty fascinating.
Posted by Ugly at 01:28 PM | Comments (1) | TrackBack
Dear Diary,
When I scan the all-time high list, I sort it by volume because I only want to trade a liquid stock. Then I look down the list for the bright green volume increases (100% or more) and then green (over 0%) to see who is making new highs with more volume than usual. Finally, I look for the '*' to indicate that the stock is making a bullish CCI crossover 100. When all of these line up, it is hard to lose.
Today the planets aligned for CWTR.
But that was with news. I would prefer to see it without news.
ECIL is not making all-time highs, but it is making new 4-year highs and has sparked my interest.
The Nasdaq is going a little ballastic lately. It's bullish, but there will have to be a pullback sometime. Won't there?
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 09:49 PM | Comments (2) | TrackBack
You have to check this out, it is awesome. It might be a good idea to put it on each morning before the market opens for inspiration.
Starring one of my favorite actors, Toshiro Mifune.
The music is great.
Posted by Ugly at 06:05 PM | Comments (0) | TrackBack
The new star wars movie has been breaking box office records and getting a positive reaction from critics. With an 83% on rottentomatoes, I decided to see it. I hadn't seen the two most recent star wars movies because of poor reviews. I liked this movie a lot as it is basically a samurai movie with a different setting. I'm sure a lot of it has to do with the influence of Seven Samurai on George Lucas. It is comforting to know that new good samurai movies are being made by George Lucas, Quentin Tarantino, and Yoji Yamada and have not died with Akira Kurosawa.
Posted by Ugly at 04:57 PM | Comments (1) | TrackBack
One contrarian indicator that I use and that has been pretty reliable in the past is when a playboy playmate gives up modeling to become a real estate investor. It has predicted 100% of almost some of a few real estate crashes in the past. Jamie Westenhiser is giving it up, after posing in the May issue, to go into real estate.
(I'm not sure where I saw this, but I think it might have been from the Big Picture)
Posted by Ugly at 04:22 PM | Comments (3) | TrackBack
There were some large blocks of QQQQ being tossed around today and yet volume as a whole was light. It is still worthy of note and its meaning will become more clear as trading continues:
Posted by Ugly at 04:08 PM | Comments (0) | TrackBack
This was such a good headline, that I thought I would steal it. It is also a very funny article about how Nortel is THE stock to watch in Canada.
I tell my brother to get a grip and forget Nortel. I tell my brother-in-law to lose his trading password already. My friend in Arizona wants to know if he can trust the numbers after Nortel's numerous delays in financial reporting. He tells me he heard they fixed their adding machine. I can't confirm the rumour.
Posted by Ugly at 03:39 PM | Comments (0) | TrackBack
Dear Diary,
CTRP is moving closer to new highs, it is one of my favorites.
NURO moved to a new high and looks to go higher. It is very strong- I wouldn't call it perfect but I would call it almost perfect.
NSI looks ready to make a move.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 01:51 AM | Comments (0) | TrackBack
A similarity between poker and trading is that you need to be disciplined and patient and wait for the right time to place your bets. You don't play every hand and you shouldn't trade any stock at any time. Wait for the conditions to be right and the odds to be in your favor before you put your chips on the table.
Posted by Ugly at 12:48 AM | Comments (0) | TrackBack
I've been playing too much poker online lately, so this article about students dropping out of school to play poker was interesting.
"It's like LeBron James cannot afford to go to college right now," says David Williams, 24, who left Southern Methodist 30 credits shy of a degree in economics after placing second in the 2004 World Series of Poker, which netted him $3.5 million. "I just can't afford to be in college right now either."
Ashok Surapaneni mucked his three years at Penn to migrate to Las Vegas and turn pro. Straight from the Ivy League to the Strip. It's a living. "I wouldn't say we're any more gamblers than day traders are," says Surapaneni, 22, who was a finance major.
Posted by Ugly at 06:46 PM | Comments (0) | TrackBack
Too busy - sorry!
But don't forget to vote off a stock market blog remainder. The alliance seems unstoppable.
Posted by Ugly at 02:04 AM | Comments (0) | TrackBack
ERS is going ballistic. I sold some of my position at $8, but I think it will eventually go higher.
Posted by Ugly at 11:12 AM | Comments (0) | TrackBack
Dear Diary,
The chart on BOOM looks really good.
You know, there were 100 stocks making new all-time highs. I think it would not be a bad idea to limit your buying to only this list of stocks. The money is there to be made with these stocks, so I don't really see a reason to look elsewhere.
LKQX looks awesome, too.
It is in bullish times like this when I just wish I had enough money to load up on all of these great looking stocks. I would like one million shares of each.
SNHY looks great.
BEBE is one of my favorites and looks absolutely gorgeous.
CPSI, another of my favorites, broke out to a new high.
ERS is a beauty, at least I got that baby.
It looks like it was a mistake to sell HANS, as it finished at a new closing high today. *sigh* Oh well, I will try to learn from this mistake.
SHLD is looking strong.
SRX is moving up from its 2 year trendline and looks almost perfect.
USPI looks great too.
It was on sale, so I bought 8 boxes of Organic Optimum Power Breakfast Cereal. So delicious and healthy.... yummmmmmm... I can't wait to get up in the morning and eat my breakfast.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks
Posted by Ugly at 01:19 AM | Comments (0) | TrackBack
Dear Diary,
LCAV continues to continue. It is crossing over CCI 100, which is a buy signal. If you are looking to start or add to a position, it might be a good time.
MSCC is making new highs and is one to keep an eye on.
PNRA continues its move up to new highs - on its way to $100?
The same goes - even more so - for QSII.
RCRC looks very attractive and also might be good timing to buy.
UFCS is on fire. Shorts are getting burned.
AIRT could take off anytime and should be kept on the radar.
KYPH looks like it could break out of a nice long base. I would buy it over $30.
The way ENWV moved at the end of the day on Friday looks very promising for next week.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 02:14 PM | Comments (0) | TrackBack
With 635 votes, Amey Stone is the twelfth blog to be voted off the island.
Sorry Amey Stone, you must leave the tribal counsel area immediately.
Why was Amey voted off next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 03:18 AM | Comments (0) | TrackBack
I have been working on and reformatting a lot of the pages - especially the Charts, Lists & Research pages. Check out the new all-time high list format. If something doesn't work, or if you have suggestions/comments, let me know.
I also tweaked the all-time high program so that it pulls in all new IPOs and adjusts all data for any current stock splits automatically.
Posted by Ugly at 12:04 PM | Comments (1) | TrackBack
Dear Diary,
Watching a stock like FORD make new highs everyday and become the strongest stock in the market is almost as hard or harder than a losing trade. It is a missed opportunity and a mistake. It is a lot of money that could have been made. Still, you've got to get over it - try to learn from it - and keep on keepin' on.
AQNT recently broke out of a long base and looks very nice.
The fundamentals don't look great, but everything else does for FOXH.
I would buy JOSB even if I didn't know that 50% of the float is short and it is making new all-time highs!!! As shorts scramble to cover, it could continue to rocket.
Keep an eye on NUVA - chart looks great.
Damn, PIXR looks really good too. So many great looking stocks.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 11:44 PM | Comments (0) | TrackBack
I added ERS to the portfolio today because it is moving strongly to new highs, it has very low float, very high insider ownership and good fundamentals. The market is also moving up. I think a stock like this could move quickly and exhaust itself quickly, so I will probably be more conservative and short term.
Posted by Ugly at 11:36 PM | Comments (3) | TrackBack
I added RTSX to the portfolio today because it has been recently making new highs, it has low float and high insider ownership and seems to be moving up from its trendline:
Instead of buying after a breakout, I am buying this one in anticipation of a breakout. I think these trades are more risky, but if they breakout like anticipated, you will be in at a better position.
I would like to see volume and a new all-time high soon. A break of the trendline would be a sell signal.
Posted by Ugly at 11:26 PM | Comments (0) | TrackBack
If you are a cheap bastard, like me, you will enjoy this website which uses Google Maps to find the cheapest gas station in your area.
via MyMoneyBlog
Posted by Ugly at 04:29 PM | Comments (2) | TrackBack
If I had a stock trading monastery and I was the trading master, I would tell my young students that discipline is the most important rule of trading. I would tell them that they can not be my student until they prove to me that they understand what discipline means. The way that they would prove it to me is by getting a 1000+ streak on freecell.com
Only then would they be considered for admittance to the school.
Posted by Ugly at 11:18 PM | Comments (0) | TrackBack
Dear Diary,
AACC is a beauty, I am surprised I have overlooked it the last few days. I noticed it in January, but forgot about it as it broke its uptrend. The uptrend is back.
GILD looks safe and solid and if you want it, now looks like a good time.
GOOG continues to do its thang.
QSII is another beauty.
ERS is a stock that looks almost perfect in my eyes. I would be surprised if ERS does not double from here.
There are a lot of good looking charts out there. Unless there is a drastic turn around with options expiration, this is looking as bullish as a cow with horns.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 10:04 PM | Comments (0) | TrackBack
George Lucas says that Seven Samurai changed his life. This is more evidence of why it is so important to watch the best movies first. They can change your life, and otherwise you may not have a chance to see them at all. Akira Kurosawa movies should be at the top of the list.
"I mean, it's a brilliant, brilliant film, and every time I see it I can't believe the magic mixture of a great story and great acting and humour and action and suspense - wonderful cinema. The art of moving pictures is on every frame of this movie."
Posted by Ugly at 05:04 PM | Comments (0) | TrackBack
uglychart.com is one year old today.
Posted by Ugly at 02:22 PM | Comments (10) | TrackBack
I added UHAL to the portfolio today. I bought it because it is breaking out from a base to new highs, it has low float and high insider ownership, and the market is strong. But I don't like the fundamentals.
It also just moved above the psychologically important round number $50. It has low liquidity so I did not buy too much.
Posted by Ugly at 01:06 PM | Comments (2) | TrackBack
Dear Diary,
CYBS had some block trades today that look pretty nice.
Daytraders should watch EGHT because who knows how far it will go?
Recent IPO, JMDT, is looking really nice. I will like it better once it makes a new high.
WFMI made another new high. Have you guys shopped there before? It is great, but expensive. I think this stock will go up until it stops.
DXCM was up over 10% today because it was mentioned last night on uglychart.com. I want a piece of this one badly.
On my flight back from Ohio today, I noticed some chess players flipping through chess books on their way to the HB Global Chess Challenge - the world's largest ever open chess tournament. I will check it out later this week and post pictures.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 01:11 AM | Comments (0) | TrackBack
Dear Diary,
Yes, the markets made headway against some substantial resistance, but with lighter volume. It may be a better idea to sit out this week until options expire to see what happens.
However, FORD continues to continue. I love this stock. I think I could have made a fortune from this stock if I didn't have so many distractions. Instead, I made $0. I must rid myself of these distractions.
PTRY busted a move today for a new high. It looks like it will go higher.
Thinly traded, but UHAL is breaking out of a nice looking base.
Recent IPO DXCM might be one worth watching.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 01:14 AM | Comments (0) | TrackBack
Dear Diary,
The Nasdaq is sitting right at its down trendline and just below its 50 and 200 dma's. Its CCI has crossed over 100, which is bullish. Depending on how you draw it, the QQQQ could have broken over its down trendline on Friday with some substantial blocks of volume being thrown around. Its CCI also crossed over 100 and it closed above its 50dma. The SP500 and DJIA were weak last week.
In sum, if I see a stock with a chart that looks beautiful I may allow myself to buy, but I would prefer to wait until I see some more strength in the market. I would short into any substantial weakness.
KERX is looking weak and is one to watch for shorting.
MUSA is rapidly deteriorating.
NTES is looking sick again.
Impressive move for DIOD on Friday.
WSTC, kind of thinly traded, had a nice chunk of volume and looks to break out of a long base to new highs.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 11:20 PM | Comments (0) | TrackBack
With 842 votes, VInvesting.com is the eleventh blog to be voted off the island.
Sorry VInvesting.com, you must leave the tribal counsel area immediately.
Why was VInvesting.com voted out next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 12:46 PM | Comments (0) | TrackBack
Some faithful readers have sent me some questions and comments about HANS, so I thought I'd give a little analysis of its chart and why I traded the way I did:
Basically, HANS was a beauty because it broke nicely from a long even base to make a new all-time high and it followed its uptrend like a loyal puppy. It may have been a mistake on my part to sell HANS now - trying to guess a top. But the high volume day in which it closed down after gapping to a new high seems kind of toppish to me. Plus, the weakness of the market could lead the loyal puppy astray. I am curious to see what it does.
Posted by Ugly at 01:08 AM | Comments (1) | TrackBack
Dear Diary,
The market is acting exactly as I want and expect. That often makes me uneasy and it will certainly not continue. Still, the only way to trade is with your best guess. The downtrending Nasdaq looks to be reversing back down from its resistance. Any new high above the recent highs with volume would make things look differently and change my opinion. New recent lows will confirm this hypothesis.
CNTY is looking weak in the knees. If the market continues to drop, I think this is certain to fall with it.
SCHN looks like a perfect short under $22.50. A double-top chart. I am very enthusiastic about this one.
I am also very enthusiastic about shorting TRMM now. It looks very weak and I am eager to short it.
If the market reverses and despite the market, MANT looks attractive.
TALX should be noted and watched. Bagged and tagged.
Despite being thinly traded, GMCR looks robust. "Perky" would be another word I could use to describe the chart of GMCR.
I have been getting a lot of emails lately from faithful readers who have said they like my blog and encourage me to keep up the good work. Thank you, you are too kind.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 11:04 PM | Comments (0) | TrackBack
Dear Diary,
The market reversed to close at its high with pretty nice volume. Looks bullish, but we won't know for sure until it breaks over this strong resistance.
DADE has done nothing but go up. Why would it stop now?
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 02:46 AM | Comments (0) | TrackBack
As you can see in the upper right corner of the page (just above the google ads), I have added an uglychart.com fun fact of the day that will pop up with a random fact upon each visit. Feel free to submit your own fun fact. Or add it to your own webpage by copying and pasting the following:
Posted by Ugly at 06:34 PM | Comments (0) | TrackBack
Dear Diary,
AUGT looks weak, if you can find the shares to short.
FOSL got kicked in the nuts. Ouch.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks
Posted by Ugly at 08:59 PM | Comments (2) | TrackBack
Portfolio pick HANS gapped up on earnings news and promptly sold off. If it closes in the red after touching a new high and with this heavy volume, it would look toppish.
The market is also looking weak here at resistance.
Posted by Ugly at 11:01 AM | Comments (1) | TrackBack
Dear Diary,
Ouch, JOBS is making new all-time lows.
MTEX bit the dust, kind of really screws up that nice looking chart.
PETD looks weak.
PRGS has a nice looking chart - watch for an all-time high breakout over $30.
RIMG is also on the verge of an all-time high and the block trades on Friday look nice.
Both of these are tech stocks and if you want to be safe, you should wait to buy until the Nasdaq breaks out over its downtrend line, 200 and 50dmas (the psychologically important round number 2000 would be nice, too).
I can't believe I missed FORD today, man. That sucks - what a beauty. Unfortunately for me, FORD has been one of those I only watch and admire from a distance and never seem to get my hands on.
There are a lot of other good looking stocks on the uglychart.com exclusive all-time high list.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks
Posted by Ugly at 11:40 PM | Comments (0) | TrackBack
For the first time in history, death may not be a certainty. As I have mentioned before, Aubrey de Grey and others believe that the average human life span in the next 50 years will grow to about 1000 years. They have created the Methuselah Mouse Prize, which will award a research team that breaks the record for the world's oldest mouse. They believe that "once healthy life-extension is demonstrated in mice, the attitude that 'aging is inevitable' will no longer be possible and will give way to an all-out "war on aging" and the funding necessary to develop human interventions will then be made available."
They are no doubt pleased with the results of this study that has extended the lives of mice by 20%.
Posted by Ugly at 05:49 PM | Comments (0) | TrackBack
CMX extends its 5-year uptrend as it breaks out today to a new all-time high:
Posted by Ugly at 12:21 PM | Comments (0) | TrackBack
Dear Diary,
The DJIA is meeting resistance at its 200dma. The S&P 500 at its 50dma. And the Nasdaq at its downtrend line and 200dma. The 50dma will cross below the 200dma on the Nasdaq this week, which is a shorting signal according to William O'Neil. The CCI on all of the indices is climbing and close to breaking over 100, which is a buy signal. In order for me to buy I would like to see the indices push through the resistance with volume and break over CCI 100. If there is weakness here at resistance, I will consider shorting into it.
LB - low on liquidity but making new highs - looks nice.
IRIS moved up strongly to a new high.
ALDN is looking weak and might be a good short.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks
Posted by Ugly at 11:37 PM | Comments (0) | TrackBack
I've reorganized the sectors and industries page. Now it displays the sector charts first and you can click on a chart to show charts of specific industries within that sector.
Posted by Ugly at 04:45 PM | Comments (4) | TrackBack
With 3408 votes - the most votes ever so far, MaoXian is the tenth blog to be voted off the island.
Strategically placing their votes for MaoXian the week that he moved to China, the alliance left him defenseless.
Sorry MaoXian, you must leave the tribal counsel area immediately.
Why was MaoXian voted out next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 12:33 PM | Comments (0) | TrackBack
