3-13-2006 Daily Stock Picks & Score

Ticker Stop Target Fade / Breakaway L/S Open On Open
ZOLT 18.11 15.06 Fade S 17.44
CBH 34.39 35.88 Breakaway L 35.06
ALKS 24.39 26.69 Breakaway L 25.31
ARO DT-L
AMLN 42.16 39.56 Breakaway S 41.14
CTRN 42.06 37.31 Breakaway S 39.94
DCGN 8.18 8.88 Breakaway L 8.53
MHL 9.49 10.94 Breakaway L 9.96
RNAI DT-S
ELOS DT-L
ENCY 8.98 10.49 Breakaway L 9.46
EMKR 8.26 7.53 Fade S 7.95 On Open
ADRX 30m High 23.31 Fade S 24.31 On Open

For instructions on precisely how to trade using these picks, please CLICK HERE and read the section entitled “White Regions”

 

The PMS today is 12,0,0 Where 12 = the score, 0 = the number of conflicting signals, & 0 = the number of neutral signals. I’m adding this notation from the point forward to help bring some clarity to the score. The higher the first number and the lower the seccond 2, the better the chance of market followthrough.

This is the best PMS I have seen in months & perhaps may be the best ever (I’d have to double check). I will be long heavily today & may even just leverage myself to the max & play the QQQQ. I’ll have to wait & see how the markets respond on open & I have a nice diverse set of picks today but it is hard to ignore that score.

*** A Note for Today & from this point forward, “On Open” plays are now to be played via a 5 min breakaway or reversal with a stop over the 30 minute high or the high of Pre-Market trading (whichever is higher)… I’ll try to come up with a better notatation as now “On Open” seems rather confusing. Another point, if within that 5 minutes price advances in the direction of the target such that the Reward : Risk would be less than 1:1 based on where the stop would have to be, then the play will be SCRATCHED.

Good luck today, looks like it might be a fun one!

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