Below you'll find the complete archive of each M48 Bulletin delivered to our M48 clients for the month of April 2009. All of them also include a hyperlink to the trading video for that particular day so you can see, and listen, first hand to Doug's illuminating commentary on his positions in the different markets and symbols he closely watches of the different exchanges, including individual stocks and exchange traded funds (EFT's). Each M48 Bulletin is time stamped for easy viewing and tracking of past performance! As a courtesy to our vast subscriber base to the M48 Bulletin we keep a 30 day delay on all M48 Bulletins before making them public on our site. Subscribe Today to the M48 Bulletin newsletter to ensure you don't miss out on timely, critical trade recommendations sent to your e-mail inbox 3-5 times a week, including a screen captured trading video where Doug explains in close detail how, and why, he does his trades. In these uncertain times can you really afford NOT Subscribing to the M48 Bulletin?   Time Stamped » 4:07 PM 4/1/2009 PST   Strong Close At Yesterday's Highs... The equity markets climbed today on better-than-expected data on the housing market and factory activity after disappointing jobs data led the markets down at the open. The thinking is the economy might improve in late 2009. The M48 thinking is that we will wait to see how the market reacts to the unemployment report on Friday. Technically we moved up and captured the shadow of yesterday's shooting star candlestick pattern. This is a strong technical indication for the S&P to advance further. See video for explanation. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% Hard stop to come this week. 81.06 Closed at yesterday's high. Waiting for several reports on Friday. AAPL Watching No holding as of yet. N/A 108.69 Very close to an M48 buy. Buy point would be at just under 110 provided it holds 102. Looking for it to go sideways for a few days. WMT Watching No holding as of yet. N/A. 52.82 Buy point is close above 53.01 with stop at 49.55 BIIB Watching No holding as of yet. N/A 51.88 Buy point is close above 53.69 w/ stop at 49.55. Nice fundamentals. DLTR 43.13 10% 39.77 43.56 It is still holding up. I expect it to test the break out point at least once. DUG Watching No holding as of yet. N/A 25.13 Crude is currently in a trading range. Let's wait until we see a more probable chart. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 6:37 PM 4/3/2009 PST   So Far So Good... The major indexes moved higher as the jobless rate rocketed to a 25-year high. March's loss was essentially in line with forecasts. The unemployment rate jumped to 8.5%, the highest since November. As technicians we are concerned with how the market reacts to the news and not the news itself. With 30 minutes to close the market pushed higher to close at its highs for the day. The SPX (S&P cash) chart continues to hold a bullish pattern. Recent support is around 780. The close today was 842.50. Sideways action next week while still holding 825 will give us good reason to add to our S&P positions. AAPL (Apple) and WMT (Walmart) triggered recent buys inside the M48. The QQQQ (NASDAQ 100) broke out above 31.72 which is a bullish sign. Close today on the Q's (QQQQ) was 32.35. Keep in mind that we always cost average in as price increases. Earnings start next week... Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 2 Stops: 78.44 and 74.67 84.26 Split your stop depending on your risk tolerance. 78.74 on half and 74.67 on the balance. AAPL 112.64 5% 104.65 115.99 Smaller position because we don't want to chase it too far from its breakout of 110. WMT 53.45 5% 49.33 53.80 Buy point is close above 53.01 with stop at 49.33 BIIB Watching No holding as of yet. N/A 50.32 Has not reached buy point yet. SSO 20.19 5% 19.10 22.12 Typically we will exchange the SPY for some ultra SSO when the S&P pulls in and holds. DLTR 43.13 10% 39.77 42.25 Looking for it to hold 42. May move stop closer soon. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 7:24 PM 4/6/2009 PST   Low Volume On Down Day... The banks led the market down today when a Calyon Securities analyst put sell ratings out on a number of banks. The breakdown of merger talks between Sun and IBM also hit tech sector with Sun (JAVA) tanking 23%. Not a bad finish though for the overall market. We have a gap to the downside that could get filled, but it's too early to take any decisive action just yet. I see the SPY going higher if it holds 80, especially if goes sideways without a new high for a few days (see video). In any event we have moved our stop up to 78.66 which is just below support and the 50 day moving average. Alcoa earnings tomorrow will most likely determine the move. Ready for the table? Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 83.60 Our stop is parked just below support and the 50 day moving average. AAPL 112.64 5% 113.19 118.39 We will lock in profit by moving our stop up. Do not buy now because it is to far extended from buy point. WMT 53.45 5% 49.55 53.43 Buy point is close above 53.01 with stop at 49.55. Still a buy if it holds 52. BIIB Watching No holding as of yet. N/A 49.63 Has not reached a buy point yet. Will remove from radar if it closes below 48. SSO 20.19 5% 19.17 21.80 Typically we will exchange the SPY for some ultra SSO when the S&P pulls in and holds. DLTR 43.13 10% 41.49 42.42 Moving stop tighter to prevent further downside risk. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 5:48 PM 4/7/2009 PST   Profit Taking On Low Volume... In technical news the SPY gap that we mentioned yesterday to the downside was almost filled in its entirety today. So far this week's volume has been lower. That is a positive technical sign on a down day in price. In other words the institutions were barely touching the sell button. So here is the Alcoa news we were waiting for. After the close, AA (Alcoa) reported a Q1 loss of $480 million or 59 cents a share. The lack luster numbers are due to a global recession and lower aluminum prices. The report was a penny more than analysts' expectations. Sales tanked 44% to $4.15 billion, but beat views. So far in after hours shares are down 1%. Let us see if this dip holds the 50 day moving average before we determine our next move. Check out the video tonight as we discuss the monthly and weekly chart of the SPX (S&P 500 Cash). Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 81.96 Do not add to your SPY position yet. Let's wait for it to hold and or bounce off the 50 day moving average before we add. AAPL 112.64 5% 113.19 115.24 As of today we are looking for AAPL to base and hold. We will lock in profit by moving stop up. Do not initiate a new purchase yet because it is to far extended from the buy point. Resistance at 120. WMT 53.45 5% 49.55 52.39 Do not add or initiate a new purchase at this time. I want to see it hold 52. BIIB Watching No holding as of yet. N/A 52.09 BIIB had a decent day. It's in play again if we get a close above 53.86. Needs to hold 48.70 SSO 20.19 5% 19.17 20.77 We will use some SSO once we add to our S&P positions. SSO is double the ride of the S&P in each direction. DLTR 43.13 10% 41.67 44.01 It bounced off its breakout point based on probabilities, just as we predicted last week. If it drops to the breakout point again the odds for a profitable trade are reduced. You can put on a small position if you are a new subscriber (see video.) Click Here to watch the M48 Bulletin Trading Video where I explain in detail my actions on a real chart.   Time Stamped » 5:10 PM 4/8/2009 PST   Up Day On Mixed Volume... The market was pushed and pulled today with various announcements. First the Treasury indicated that they might use TARP funds to help insurers. This was the initial boost. Then a merger deal in the housing sector also contributed to help stocks peak around mid session. Once the release of the Fed minutes hit, the market dived below the line again to eventually recover and finish in the black for the day. Volume should remain low tomorrow as well due to traders on vacation w/ the shortened week. FYI – when we add to our S&P positions we will be using both hard and mental stops. A hard stop is where we physically go into the account(s) and place a stop. A mental stop is when we determine a different number from the hard stop and do not physically place the stop. I will explain in the video. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 82.53 Volume is light due to the shortened week. Do not add to your SPY position yet. Let's wait for it to hold and or bounce off the 50 day moving average before we add. If you are new and sitting in cash you should cost average in between 35% and 55%. AAPL 112.64 5% 113.19 116.32 Do not initiate a new purchase yet because it is to far extended from the buy point. If you're in I see initial resistance at 120. WMT 53.45 5% 49.55 52.61 Do not add or initiate a new purchase at this time. I want to see it hold 52. BIIB Watching No holding as of yet. N/A 53.64 Intra-day BIIB hit 55+. However it closed at 53.64 which is below our buy point. It's in play again if we get a close above 53.86. Needs to hold 48.70 SSO 20.19 5% 19.17 21.23 Decent close considering the release of the Fed minutes. We are still above the 50 day on all charts from the 1 minute up to the daily. We will use some SSO once we add to our S&P positions. SSO is double the ride of the S&P in each direction. DLTR 43.13 10% 41.67 43.67 DLTR needs to hold yesterday's lows. Our stop is tight and based on what I see on an hourly chart. It closed today in the middle of its range. RTH Watching No holding as of yet. N/A 77.11 Retailers are acting well. This is the primary ETF that represents the retail sector. Looking for a close above 79.22. Click Here to watch the M48 Bulletin Trading Video where I explain in detail my actions on a real chart.   Time Stamped » 3:29 PM 4/10/2009 PST   More Earnings Next Week In The Banks... Another solid week led by a surprise pre-announcement from Wells Fargo Bank (WFC). Keep your cool though because next week three other major banks' earnings are out which will determine further strength in the sector and the broad market. ETF basket of banks XLF broke out above resistance and closed at 10.63. The 52 week high is 28.17. The 52 week high on Wells Fargo is 44.49. WFC closed Thursday at 19.30 which was below its opening price. These stocks and ETF's are examples of why it's paramount to cut your losses short so you have the capital to take a shot at these stocks (if you choose to) at lower levels. For the overall market this was the fifth straight week of gains for the major indexes. The NASDAQ rose 1.9%, S&P 500 1.7% and Dow 0.8%. The market continues to be overbought but as trend followers we will continue to ride the wave. I have noted in the video that the Dow and S&P are still under water for 2009. I also noted that we are currently in the black with only 45% to 55% invested in our S&P positions. We will be adding on pullbacks provided support and trendlines hold (see video). We will also use a combination of hard stops (physically placing the stop in the account) and mental stops (making a mental note as to what price to sell at). This is also explained in the video. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half 85.81 Use a stop at 78.66 on half of your position. The balance should me a mental stop to be determined (see video.) Between the SPY and SSO you should be 45% to 55% invested in the S&P. That is plenty for now. If you are new and sitting in cash you should cost average in between 35% and 55% on weakness. AAPL 112.64 5% 113.19 119.57 Do not initiate a new position now. If you own it you have the choice of taking profit on half of your position between 120 and 135 which is resistance. Use trailing stop for the balance of your position. WMT 53.45 5% 49.91 50.66 Walmart did not hold 52. If you're in move your stop (tighten up) to 49.91. We almost got stopped out yesterday. It missed us by 10 cents. BIIB Watching No holding as of yet. N/A 52.96 Looking for close above 53.63 Needs to hold 51.67 on the downside. SSO 20.19 5% 19.17 22.90 We will add to this once the market pulls in. DLTR 43.13 10% 42.66 44.09 DLTR continues to hold up. We have tightened up our stop. Certain retailers are working better than others. RTH Watching No holding as of yet. N/A 78.78 This is an ETF that is a basket of retailers. Waiting for breakout and close above 79.40. Click Here to watch the M48 Bulletin Trading Video where I explain in detail my actions on a real chart.   Time Stamped » 6:18 PM 4/13/2009 PST   Decent Close With More Earnings To Come... Stocks opened lower Monday as bankruptcy fears hit General Motors (GM) which closed at 1.71. The markets recovered and only the Dow closed lower on the day. The SPY which is our heaviest position reached as high as 86.50 with 20 minutes to the close and then the sellers stepped in and pushed it lower to close at 85.83. Goldman Sachs Group, Inc. (GS) said Monday that both profit and revenue rose in its first quarter. GS is down in after hours. A big week in earnings with INTC, BIIB, JNJ, GOOG, C and JPM. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half 85.83 Between the SPY and SSO you should be 45% to 55% invested in the S&P. That is plenty for now. If you are new and sitting in cash you should cost average in between 35% and 55% on weakness. AAPL 112.64 5% 113.19 120.22 Do not initiate a new position now. If you own it you have the choice of taking profit on half of your position between 120 and 135 which is resistance. Use trailing stop for the balance of your position. WMT 53.45 5% 49.91 51.53 Walmart did not hold 52. If you're in move your stop (tighten up) to 49.91 BIIB Watching No holding as of yet. N/A 52.52 Looking for close above 53.63 Needs to hold 51.67 on the downside. SSO 20.19 5% 19.17 23.01 We will add to this once the market pulls in. DLTR 43.13 10% 42.66 43.88 DLTR continues to hold up. We have tightened up our stop. Certain retailers are working better than others. RTH Watching No holding as of yet. N/A 79.25 This is an ETF that is a basket of retailers. Waiting for breakout and close above 79.40 MDAS Watching No holding as of yet. N/A 15.53 Small cap with nice chart and fundamentals to boot. Looking for close above resistance of 16.00 Click Here to watch the M48 Bulletin Trading Video where I explain in detail my actions on a real chart.   Time Stamped » 4:58 PM 4/15/2009 PST   Trendline Gets Hit... Despite the cautious outlook of Intel the market closed at a high for the day with a late day rally in the financials. Stocks also added on the Federal Reserve's regional review of economic activity which showed signs of life in various areas. Technically the SPY and SSO bounced off the trendline that we drew two weeks ago (see video). On the commodity front crude oil supplies are currently the highest since 1990, yet the major oil stocks closed positive. We continue to sit on the sidelines in crude and in gold due to low probability chart patterns currently. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half 85.25 Our stance remains the same. In other words between the SPY and SSO you should be 45% to 55% invested in the S&P. That is plenty for now. If you are new and sitting in cash you should cost average in between 35% and 55% during this week. AAPL 112.64 5% 113.19 117.64 AAPL has filled the gap to the downside for its big move up on April 9th. Do not initiate a new position now. If you own it you have the choice of taking profit on half of your position between 120 and 135 which is resistance. Use a trailing stop for the balance of your position. We have built in a profit on AAPL. WMT 53.45 5% 49.91 51.29 A weaker outlook ahead for WMT but the stock finished in the plus category. If you are new to the M48 you can purchase some Walmart with your stop at 49.91 BIIB Watching No holding as of yet. N/A 51.18 Looking for close above 53.63. If BIIB closes below 50 we will remove it from our watch list. SSO 20.19 5% 19.17 22.63 We will add to this once the market pulls in. DLTR 43.13 10% 42.66 42.66 We were stopped out of DLTR with a .47 cent per share loss. RTH Watching No holding as of yet. N/A 77.32 With all the bad news that hit retail today the RTH has held up. Waiting for breakout and close above 79.40 MDAS Watching No holding as of yet. N/A 15.10 Small cap with nice chart and fundamentals to boot. Looking for close above resistance of 16.00 before we purchase. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 6:30 PM 4/16/2009 PST   Six Weeks In A Row... C (Citigroup) and GE are due to report earnings tomorrow. GOOG came out after the close and the after hours have been up and down. Tomorrow could mean six straight weeks of gains. We'll ride her 'til she bucks us. Resistance on a weekly chart is just ahead at $90 per share on the SPY. We added MSFT today as evidenced in the table. It may bounce around a bit and could break through the resistance of $20 per share, at which point the probability of a profitable trade has increased. Volume across the board was heavier today which is always a major plus. Remember our edge is pattern recognition incorporating price and volume. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half, and mental on rest 50% 86.56 The market is extremely over-bought. However we must ride the wave. In other words between the SPY and SSO you should be 45% to 55% invested in the S&P. That is plenty for now. If you are new and sitting in cash you should cost average in between 35% and 55% during this week. AAPL 112.64 5% 113.19 121.31 Same posture. Make sure your stop is moved up to protect profit. AAPL filled the upside gap today. Do not initiate a new position now. If you own it you have the choice of taking profit on half of your position between 120 and 135 which is resistance. Use a trailing stop for the balance of your position. We have built-in a profit. WMT 53.45 5% 49.91 50.74 No direction today. It would be a better trade if it closed above 54 and held our stop on the downside of 49.91. This is a tricky chart today. Let us see what the next couple days brings. BIIB Watching No holding as of yet. N/A 51.49 Holding the 50 day moving average. We are looking for close above 53.63. If it closes below 50 we will remove it from our watch list. SSO 20.19 5% 19.17 23.33 We will add to this once the market pulls in. DLTR 43.13 10% 41.66 43.58 I thought we were stopped out for a .47 cent per share loss. Our stop was at 41.66 not 42.66. Yesterday the low tick was 41.75 RTH Watching No holding as of yet. N/A 79.00 RTH continues to fight the bad news. Waiting for breakout and close above 79.40 MDAS Watching No holding as of yet. N/A 15.25 Small cap with nice chart and fundamentals to boot. Looking for close above resistance of 16.00 before we purchase. MSFT 19.72 5% 17.76 19.76 We bot Mr. Softy today. I like it even better (based on probabilities) if it closes above 20. Do not buy it past 21 because we do not want to chase too far from its breakout point. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 4:18 PM 4/17/2009 PST   Confirmed: Six Weeks In A Row It Is... Better than expected results for C (Citi) and GE kept the market in the black today. The S&P winning streak is the longest weekly winning streak since spring 2007. On March 9 last month the market closed at 12-year lows. And we entered the market on March 12 with an initial purchase of 33% of the SPY (S&P 500) and or the SSO (ultra=double the ride S&P). Currently we are 55% long the S&P. The S&P is still down 4 percent year-to-date. Obviously our accounts continue to beat the market year to date with only 55% invested and we are in the black. Apple (AAPL) is out with earnings next week. It closed today at 123.42. AAPL was listed as a buy on a close above 110. We have moved up our stop as to lock in profit. The NASDAQ continues to be the strongest and only profitable index year to date. We recently bot (bought) MSFT (Microsoft) in the managed accounts as well. Currently MSFT represents 3% to 5% of our tradable assets. We will most likely add to MSFT if it closes above 20. If it breaks down we will exit with a small loss. Remember, the name of the game is to cut our losses short and let our profits flow. This allows us to preserve capital which in turn enables us to jump on the next potential trend. Discipline is everything. So what's next? Scenario 1 – If the market continues to move far and fast we will take some profit in the 90-95 price range on the SPY while simultaneously adjusting stops. Scenario 2 – If the market chops (goes sideways) or pulls in (drops) and holds we will increase our exposure beyond 55%. That's it. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half, and mental on rest 50% 87.50 The market is extremely over-bought. However we must ride the wave. In other words between the SPY and SSO you should be 45% to 55% invested in the S&P. That is plenty for now. If you are new and sitting in cash you should cost average in between 35% and 55% during this week. AAPL 112.64 5% 113.19 123.42 Earnings next week so maintain the same posture. Make sure your stop is moved up to protect profit. AAPL filled the upside gap today. Do not initiate a new position now. If you own it you have the choice of taking profit on half of your position between 120 and 135 which is resistance. Use a trailing stop for the balance of your position. We already have built-in profit. WMT 53.45 5% 49.91 50.24 Various retailers are not working. This is one of them. The chart looks weak. If we get stopped out for a small loss we will use these funds to purchase the RTH. BIIB Watching No holding as of yet. N/A 50.09 Holding the 50 day moving average. We are looking for close above 53.63. If it closes below 50 we will remove it from our watch list. SSO 20.19 5% 19.17 23.56 We will add to this once the market pulls in. DLTR 43.13 10% 41.66 42.67 Need a close above 44.75 to look more probable for a breakout to new highs. RTH Watching No holding as of yet. N/A 79.58 RTH close above our buy point of 79.40. We will use the funds from WMT if we get stopped out. MDAS Watching No holding as of yet. N/A 15.16 Small cap with nice chart and fundamentals to boot. Looking for close above resistance of 16.00 before we purchase. If it breaks 14.50 to the downside we will remove it the table. MSFT 19.72 5% 17.76 19.20 Let's give 'Softy' a little room on the stop since it makes up such a small percentage. Wait for a close above 20 if you don't already own it. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 4:35 PM 4/20/2009 PST   Nice & Healthy... Stocks tanked Monday as worries over the banking sector over shadowed M&A (ORLC and JAVA) news. The good news is that volume was lighter on the NYSE. A steady pullback would increase the health and odds of the market moving to higher levels throughout 2009. The trend will remain up provided we don't break the March 9 lows. Bank of America (BAC) gapped down on large volume. I have ignored the banks for over a year now. BofA delivered better-than-expected Q1 earnings before the open, but CEO Ken Lewis warned of difficult times ahead. Citigroup (C) gapped down as well with almost a 20% hit. Our game plan all along is to wait for the S&P to retrace to a support level and hold. When it starts back up with confirmed volume we will add (see video below.) Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half and mental on rest 50%. 83.45 Day one of a retracement on lighter volume. So far everything is working as planned. I prefer to see 800 to 750 test and hold on the S&P which is 80 to 75 on the SPY. We may adjust our stop later this week. AAPL 112.64 5% 113.19 120.50 AAPL held up very nicely today. Earning out soon. Move your stop from a hard stop to a mental stop due to potential volatility on earnings. WMT 53.45 5% 49.91 49.27 Stopped out w/ a small loss. SSO 20.19 5% 19.17 on half and mental on rest 50% 21.60 We will add to this once the market pulls in. Looking for a deeper pullback. DLTR 43.13 10% 41.66 43.30 DLTR closed up today. This stock has been trading as a defensive play when the market sells off. Need a close above 44.75 to look more probable for a breakout to new highs. RTH Watching No holding as of yet. N/A 76.49 Waiting for a close above 79.76 MDAS Watching No holding as of yet. N/A 15.79 Very close to the breakout buy point. Small cap with nice chart and fundamentals to boot. Looking for close above resistance of 16.00 before we purchase. If it breaks 14.50 to the downside we will remove it the table. MSFT 19.72 5% 17.76 18.61 Mr. Softy may turn out to be a loser. Wait for a close above 20 if you don't already own it. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 3:20 PM 4/21/2009 PST   Bank Fears Calmed By Geithner... Stocks ran up into the close today recovering more than a third of yesterday's slide. Volume was somewhat light today especially on the NASDAQ. Geithner said most U.S. banks are adequately capitalized. Hence, the reason for the strong close. Volume however was somewhat light today. Check out today's video as we point out gaps. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half and mental on rest 50%. 85.06 Volume was light today. We filled the gap to the downside this morning. Now we have a gap to the upside. If you are only using the S&P you should be 55% invested. AAPL 112.64 5% 113.19 121.76 AAPL held up very nicely today. Earning out soon. Move your stop from a hard stop to a mental stop due to potential volatility on earnings. SSO 20.19 5% 19.17 on half and mental on rest 50% 22.40 We will add to this once the market pulls in. Looking for a deeper pullback. DLTR 43.13 10% 41.66 43.05 DLTR closed up today. This stock has been trading as a defensive play when the market sells off. Need a close above 44.75 to look more probable for a breakout to new highs. RTH Watching No holding as of yet. N/A 78.71 Waiting for a close above 79.76 MDAS Watching No holding as of yet. N/A 15.96 Looks good – Only .04 cents from buy point on a close. Small cap with nice chart and fundamentals to boot. Looking for close above resistance of 16.00 before we jump in. MSFT 19.72 5% 17.76 18.97 Wait for a close above 20 if you don't already own it. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 3:43 PM 4/23/2009 PST   A Lift At The Close... Stocks today caught a bid with 20 minutes to close and ended near a session high. Our holding AAPL (Apple, Inc.) contributed to the market gains which beat estimates after the close yesterday. MSFT (Microsoft) numbers are in and not very compelling, yet the stock is currently positive in after hours. We will adjust our stop or dump the stock based on tomorrow's regular session price movement. Keep an eye on some of the bank stocks such as WFC (Wells Fargo). And also, check out today's GLD (Gold) chart and HANS (Hansen Natural). Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half and mental on rest 50%. 85.37 Short term support at 83 is holding. Let's see if the bank stress test has an effect. If you are just using the S&P you should be 55% invested. AAPL 112.64 5% 118.49 125.40 Good earnings yesterday. Let's move our stop up to 118.49. Do not buy here if you don't own. SSO 20.19 5% 19.17 on half and mental on rest 50% 22.58 We will add to this once the market pulls in. Looking for a deeper pullback. DLTR 43.13 10% 41.66 42.92 Trading in a tight base for three weeks. It is either going to break down or break out. Need a close above 44.75 to look more probable for a breakout to new highs. RTH Watching No holding as of yet. N/A 78.00 Waiting for a close above 79.76 MDAS 16.11 5% 14.82 16.79 We just got the close above 16 that we were looking for. Great volume also. Do not buy above 16.80. MSFT 19.72 5% Mental stop 18.92 Wait for a close above 20 if you don't already own it. So far the stock is up in after hours. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 5:06 PM 4/24/2009 PST   Not Quite Seven... The formal results for the stress tests by the Fed will be released in early May. Today it was concluded that out of the 19 banks that were tested, most of them have adequate capital. So what does this mean for you as a M48 subscribers? If we get a close above 87.75 on the SPY we will increase our exposure. Today's close was 86.66. This price level would confirm an inverse head and shoulders pattern (see video.) This is a highly probable pattern for a continued bull move. Now let me also state that I have yet to see a beginning of a new bull market or a huge bounce in a bear market (no one knows quite what to call it yet) where we didn't go back and test the previous lows (back and fill). In other words if you are late to the party you will most likely have an opportunity to buy at lower levels than today. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half and mental on rest 50%. 86.66 Inverse head and shoulders pattern on a close above 87.75 (see video) at which time we will add. If you are just using the S&P you should be 55% invested. AAPL 112.64 5% 118.49 123.80 Profit taking today. Looking for a bounce off 120. Do not buy here if you don't own. GLD 89.73 5% 84.66 89.72 Broke just above trend line; Playing it cautiously due to double bottom at 85 (see video.) XLF Watching. No holding as of yet. N/A 10.94 Looking for it to base next week and close above 11.17 SSO 20.19 5% 19.17 on half and mental on rest 50% 23.30 We will add to this once the market pulls in. Looking for a deeper pullback. DLTR 43.13 10% 41.66 42.58 Trading in a tight base for three weeks. It is either going to break down or break out. Need a close above 44.75 to look more probable for a breakout to new highs. RTH Watching No holding as of yet. N/A 79.32 Waiting for a close above 79.76 MDAS 16.11 5% 14.82 17.00 Volume increased again today with price which is what we want. MSFT 19.72 5% 18.38 20.91 Awesome volume with price. Buy below 21. TBT Watching No holding as of yet. N/A 47.19 Bonds look like they will continue to break down. This is a short bond ETF. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 3:39 PM 4/27/2009 PST   Basing... Well I'm not going to bore you by talking about the markets' reaction to the flu. Let's instead dive right into the technicals; For over 2 weeks weeks we have been sideways in the SPY. If we break out above resistance we will add. But we should also acknowledge the re-test off the double top (bearish implication) on the SPY on the hourly chart video. The trend is up which is the reason we are long the SPY and SSO. However, for you more aggressive traders, take a look at the SDS (short S&P). Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half and mental on rest 50%. 85.84 Range bound for the last two weeks. A close above 87.75 would increase our percentage long. AAPL 112.64 5% 118.49 124.73 Held up nicely today in an otherwise down market. GLD 89.73 5% 84.66 89.01 A close above 91.38 and we will increase the holding. XLF Watching. No holding as of yet. N/A 10.76 Need a close above 11.15 while holding 10.00 SSO 20.19 5% 19.17 on half and mental on rest 50% 22.83 We will add to this once the market pulls in. Looking for a deeper pullback. DLTR 43.13 10% 41.66 43.09 Trading in a tight base for three weeks. It is either going to break down or break out. Need a close above 44.75 to look more probable for a breakout to new highs. RTH Watching No holding as of yet. N/A 78.58 Waiting for a close above 79.76 MDAS 16.11 5% 15.39 17.23 Decent day but it may pull in to entry point near 16.00 MSFT 19.72 5% 18.38 20.40 Awesome volume with price. If you don't already own it, buy 5% today. TBT Watching No holding as of yet. N/A 46.70 Bonds look like they will continue to break down. This is a short bond ETF. Looking to purchase this week. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 4:29 PM 4/29/2009 PST   875 Is The Number... Stocks rallied today ignoring the worse-than-expected numbers in first-quarter GDP. The Fed also boosted sentiment by declaring the slow down in the economy is less than previously anticipated. The NASDAQ continues to lead as it has reached a five month high. In technical news we are still waiting for the SPX (S&P 500 cash) to close above 875. The high today was 882. However, we closed at 873.64 which means we continue to sit at 55% with our S&P positions which include the SPY and SSO. Look for our addition of USO (Oil) in the table below. Always remember: Patience produces profits. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 78.66 on half and mental on rest 50%. 87.35 Range bound for the last two weeks. A close above 87.75 would increase our percentage long. Not quite today. Remain disciplined. AAPL 112.64 5% 118.49 125.14 Looking for a pullback to 120. GLD 89.73 5% 84.66 88.33 GLD remains on shakey gound. A close above 91.38 and we will increase the size. USO 28.46 5% 26.37 28.46 A close above 29 and we may add. SSO 20.19 5% 19.17 on half and mental on rest 50% 23.63 We will add to this once the market pulls in. Looking for a deeper pullback. DLTR 43.13 10% 41.66 43.04 Continues to trade sideways. MDAS 16.11 5% 15.39 17.16 Another decent day but it may pull in to entry point near 16. MSFT 19.72 5% 18.38 20.25 Softy may fill the gap between 18.98 and 19.52. TBT 47.91 5% 45.47 48.90 Bonds continue to look like they want to go lower. I like the bonds short with the TBT. Click Here to watch the M48 Bulletin Trading Video. Click Here for more past M48 Bulletins.         Home  |  What We Have To Offer  |  Who We Are  |  How Our Methods Differ  |  M48 Timing Service  |  M48 Archive Workshops & Webinars  |  Podcasts & Audio Library  |  Video Archive  |  Doug's Blog  |  Pro Investor Show - AM Talk Radio Independent Asset Management  |  Safe Money Investing  |  The 7 Rules  |  Commodities & Futures  |  Follow Doug on Twitter Client Testimonials  |  Free Trial Offer  |  Frequently Asked Questions  |  Recommended Reading  |  Contact Us Copyright© 2010 Pro Investor Coach, LLC  |  444 S. Cedros Ave.  Suite 250  Solana Beach, CA 92075  (858)414-1970 Privacy Policy  |  Terms of Use & Risk Disclosure  |  Trademark & Copyright Notice Updated   |  Webmaster  |  Web Design by Slingblade Digital