ColmsUM

In 15,000 shares of FTK at 1.79

Out 1.88 FTK

Boring, it’ll go soon but I’m not gonna wait around.

Stock Market

Since I joined ColmsUm.com at the beginning of July, I began trading Bradsnuts portfolio for him after I felt a little bad since he was having mixed results following my recommendations. This is a straight screenshot of his account (with account info deleted). This is what I can teach all of you to do and am really looking forward to getting feedback once I am able to lay out my trading style and money management techniques for the small investor, which I continue to work on.

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Stock Market

CHDX is a stock that is on the top of my watchlist for tomorrow. I like this stock for many reasons and think it offers excellent upside and low risk from Wednesday’s close. The big catalyst that I think should drive CHDX tomorrow is Intuitive Surgical (ISRG) earnings after the bell which beat analysts estimates by $.37 driven by much higher sales of the companies surgical robots. ISRG was trading up more than 20% or $20 from the $169.79 close after hours off of the report.

CHDX sells medical products manufactured by various major multinational companies, including Siemens AG and Intuitive Surgical, for which the Company is the exclusive distribution partner for the sale and servicing of color ultrasound systems and surgical robotic systems respectively.

In June Chindex surged over 30% off earnings of $3.4 million, or 22 cents per share, in the three months ending March 31. The company had lost $2.7 million, or 20 cents per share, last year. Revenue jumped 72 percent, to $59.7 million from $34.6 million as product sales more than doubled.

Medical-products revenue rose to $39.5 million from $17.5 million due to gains from government-backed loan programs, increased inpatient and outpatient revenues from its hospital unit, and greater sales of devices like the da Vinci robotic-surgery system (ISRG’s flagship invention). For the fiscal year, Chindex’s profit grew 36 percent, to $5 million, or 31 cents per share, from $3.7 million, or 27 cents per share. Sales grew 32 percent, to $171.4 million from $130 million.

Since earnings, CHDX has consolidated gains nicely from a technical prospective. Today it hammered off the morning dip to hold its 20 day and 9 day moving averages. I have kept a close eye on the stock over the last couple days in anticipation of a day trade as China related stocks with good earnings reports have been very hot over the last couple days but the stock hasn’t had much of a catalyst and has seemed to be waiting on the ISRG earnings. I expect CHDX to play catch up to the other hot China stocks over the next couple days as investors turn to emerging markets in search of growth stocks. I will be looking to pick up shares at this level and would be adding aggresively should it break $13 on big volume as that would be a clear trendline break. I will be cutting shares if it broke today’s low at around $11.50. I am looking for a multi-day runner here but I contiue to remain cautious as the overall market continues to be overobought in the short term off a powerful string of earnings driven move. Keep in mind, CHDX is very thinly traded so be sure to keep position size in check. The stock looks considerable inticing on a weekly chart, which is often the best indicator to use on thinly traded stocks.

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Since I have arrived at ColmsUm.com I have been a bit tenative to post a slew of stock ideas without fully laying out my trading style and a framework for each of the readers here to develop there own style and integrate my ideas within. Every trader/investor has different backgrounds, time frames, capital restraints etc., etc. and each trader must develop a system or style that consistently provides the best returns given those restraints in order to be successful. At first I was going to just post some reference material but instead I am continuing to work on a much larger undertaking that will provide a much more comprehensive guide to developing a successful style with detailed explanations of managing risk and identifying technical patterns that suit different styles, to name a few things. So look forward to a work in progress edition which I hope to get out as soon as possible.

Stock Market

Since my last post, I remained mostly in cash for all of last week which seemed work out quite well. This week we had a pretty good bounce on Monday off of Whitney’s upgrade of GS ahead of earnings on Tuesday. Earnings were better than expected and the market taked on some small gains on Tuesday but was timid ahead of the earnings report Tuesday after the bell from Intel. The reaction off of INTC’s report was very well received and we had a trend higher throughout the day today. While the action in the overall market has been very bullish with the SP-500 moving up close to 6% over the last three trading days, it has been very hard to find good technical setups with much of the rally being oversold bounces in the worst beaten areas such as commodities and tech. So I have been a little reluctant to name too many stocks on watch here. I have resorted to quick trades looking for quick gains but have remained very hesistant and don’t have a whole lot of confidence in holding much overnight with so many big reports due out over the next few days such as GE, C, JPM, and BAC to name a few. The market has been completly news driven over the last couple days and I doubt that will change through the rest of the week.

Although, a lot of positives can be taken away from the action. The moves over the last three days have basically negated the head and shoulders top so many traders have been fearing and I think if we get decent reports and some pullbacks in individual names many charts will soon be setting up in our favor. The key thing to do here is not to try to force trades and make sure you remained disciplined and keep and open eye out for good risk/reward opportunites. We have some very good earnings reports in small caps (HITK, ININ, IEC to name a few) under the surface and I will continue to track and build watchlists in these names and wait for setups.

Stock Market

Last Thursday was just plain nasty but with it being the day before a holiday it was, as expected, extremely light volume. Chart wise, the indexes look to be in the process of breaking out a right shoulder in an intermediate head and shoulders top. But until things become clearer big picture wise I won’t push trades in individual stocks. Right now I am looking for possible shorts in individual names if we get a bounce, but I will remain opened minded. Sorry for the lack of picks, but when it comes to trading many times the best alternative is to protect your capital and wait for a spot where the odds in your favor.

I am still trying to drag together material from previous posts on other sites but a good book on getting started with a similar style to the way I trade is James DePorre’s Shark Investing. It gives a good introduction into technical analysis and is a great background to understanding the psychology of the market and advantages of the small investor.

Stock Market

Wednesday Recap:

CAEI – trade didn’t trigger. Continues to pull back on light volume, I will keep this one on the radar for volume spikes should the Chinese stocks that have been so hot recently, regain favor. I will also pay close attention to see how it acts if it continues to drift closer to its 9 dma.

JAZZ – exploded soon after the open, I got a small piece soon after volume hit at 3.75 and added more through 3.80. I was a bit disappointed it wasn’t able to fight through intermediate resistance at 4.10. This is the problem with trading biotech stocks off technicals. They often move so fast they invite in flippers and manipulation. This led me to flip some JAZZ to lock in a portion of the gain and I will give the rest a little bit of room to see if we can push through 4.10 and perhaps fireworks to take place.

Looking forward to Thursday:

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Stock Market 1234 pattern

It’s my first post here at ColmsUM.com and I have waited for a time that will offer a fresh start. I am remaining skeptical to start the quarter. Most of the end of the quarter games have now died down after the Russell 2000 reshuffling on Friday that might have created some false moves in the charts. With that background knowledge in mind, I still will come into tomorrow with an open mind. The Friday action, fake or not, and today’s pullback has helped set up more good R/R spots than we have seen over the last few weeks. Overall, I have about 50-60 stocks that I will be keeping a close eye on tomorrow. Here are a couple from the best acting sectors over the last couple of weeks: China and Biotech.

Stock Market

Since we had such a good day here yesterday, I felt like updating the YTD chart as continued proof that I am not making this up, and you can dominate the current market or any market if you develop rules you will stick with, are willing to adjust to the current market, have enough self control to be patient and sit in all cash when times call for it, and are willing to constantly work on updating watchlists, look through thousands of charts, follow the news, develop & test thesis, tweak scans, etc. This is what I do everyday and this is what it takes. I do this everyday and night and post here what I think is of most importance. So hopefully someone out there is benefiting.

In an effort to try to be as transparent as possible I am going to start posting my portfolio performance versus the index averages at the end of each month. This is a straight screen shot from my portfolio, the only editing I did was to take off my account number. According to this chart, my portfolio is up over 36% YTD while the S&P 500 is down over 14%. So I am pretty happy with my results thus far, considering I am above the indexes by over 50% and these were all long positions (I haven’t shorted a stock this year, or bought an inverse ETF). Definitely still room for improvement as there were a few cases I should have taken gains earlier or didn’t stick to my stops/rules and paid the consequences. I would suggest we all constantly review our results because that is the only way those mistakes, that cost us our precious capital, become valuable.

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Let’s see if we can continue to improve and outperform the averages as we move throughout the year.

Best,

JAX

Stock Market

As of today, TraderJax will be taking over the stock section of the site.  I learned everything I know about trading stocks from him so it’s only fitting that he write this section.  I’m going to cross-post a few of the better posts he has made from his blog here:  Jax of All Trades

Stock Market

LZR is up 10% today with good volume.  Should shoot close to 10 today, and breaking 10 would likely mean a new 52-week high will be seen over 10.15.

Anything in the high 9’s is a good exit point if you’re ready to get out of this stock.  It won’t be easy for it to break 10, but if it does it’s got pretty good upside potential.

1:46 PM What a joke.  LZR finally breaks resistance, has strong volume with a clear shot to 10 and goes nowhere.  Volume dropped off.    Sigh, this intraday collapse is based, as always, off of absolutely worthless crap.   I still think the market could have a decent close and finish close green.

2:46 PM Market is in the green again.  Sick prediction.

Stock Market