Pinned Stocks

Crappy weather here all weekend. Never did stop raining. All my fishing gear is ready to go and the Kayak is cleaned and set up as well. Hopefully next weekend I can kick off fishing season.

Pinned Stocks
So things have been beat down for about 6 weeks now. What's next? That is the million dollar question of course, well, slightly less for my account size, LOL.

Right now is actually a good time to look for some long ideas. It is a concept I like to call Pinned Stocks. During a down trend (does not have to be as large as the one we have right now) you can search for stocks that have recently held up well, or have even grabbed a small gain. The key here is to look for heavy buying volume that has come in. If buyers are getting in line to buy shares in company XYZ when things have been tough, they just might go nuts if a broad market bounce occurs. These types of finds are fun because usually you only need play the position for a day or two to capture upside targets.

I am starting homework right now and using the iBankCoin PPT screener it is fairly easy to sort stocks on this type of criteria. I don't know if I will find anything, but I will update later if I do.

Along this line, chessNwine has a few candidates that fit this idea:
Hitting the Pipe Hard
I really like the look of chess pick WES from his chart.

Update:
Ok a rare look into GYSC's mind this Sunday. Here are a few finds chart wise (click any for larger view):

My number one pick, BKH:

Back this chart out to a weekly view and it's even more strong.

Number two, ZGNX, big time bottom here:

Like this one here.

A few assorted ideas:
SNCR:

Looking up.

UVE:

Sellers may be done, and stochastics are looking up.

CNU has a great inverted hammer but want to see some buyers come in:

Interesting.

As always, not investment advice! I do what I do and show you. All of these plays carry risk. There are about a million charting sites better than mine so take a look and see what you think.

Have a good night.

The Big Reveal Show

I cannot believe it is Sunday evening already. Whole weekend went by in a blur of staining and beers after. I have to go to work tomorrow???

The Week Ahead
I should do some market homework tonight but I am probably too tired. Tomorrow night I have plans so that may be out as well. I am still getting set to try my short idea (detailed before) using ETF's should my target of S&P 500 1280 roll around. Seems like I may not be the only person looking at this:
How Barry Ritholtz Just Went Short The Market Using ETFs
Hey Barry, just rip my ideas off already! LOL.

The maximum Boom Boom man himself Bernanke will be speaking tomorrow. Some think he may sound a nice tone for a snapper rally, but I think at this point he is going to try and make an attempt to say the FED is all done. They might be, for now. Tomorrow could be a dangerous day for any large bets long or short so be mindful folks. More later if I do some homework.

The Big Reveal Show
My very best advice for staining a deck is to hire the job out. It was a ton of work and my back and hands are really messed up from two long days of effort.

On Friday when I went to Lowe's I was lucky because the representative from the company Cabot Stains was there doing information tutorials. Cool! Of course I went with all Cabot products, they are based here in Newburyport Massachusetts.

I wanted to go with a white semi-solid stain for the railings and posts. I felt the see through to the grain look would make the staining look aged, sort of rustic. I went with Ultra White semi solid. For the main boards I went with a semi-transparent stain in Redwood. I washed the deck on Friday using, of course, Cabot deck wash.

Ok, you want to see some pictures right? Here we go. I tried to get pictures of the deck from the same angles before and after but it is not exact. Click for larger view:






Looks pretty good I think. Not bad for like 16 hours of work, right?

That should be the last project I have to do myself this summer. It is now fishing time! I need to get my rigs and Kayak ready to roll.

Today is MOINK Day
I forgot in all the work stuff, but today is MOINK day!! I only cooked some hot dogs today because my hands are so cramped I can't do anything complicated. No worries though, my BBQ mentor Zydecopaws of No Excuses BBQ has us covered.

Going above and beyond the regular again, you MUST READ this post:
Teriyaki MOINK
I got permission to repost this mouth-watering picture:

Oh, that would be so good right now. Great stuff.

Have a good night.