Up-Coming events:

April 2008 Seminar at Sea cruise to Panama Canal - Update
 
The cruise will be departing out of FT. Lauderdale on April 12th, 2008. It’s an 8 day cruise to the Panama Canal with 4 sea days of classroom activities. We would love to have everyone join us! Complete details can be found on the Tradingourway website.

For questions on the cruise call Joyce Moore 407-382-4092. Seminar questions call Kermit Prather 813-681-5427

Last Issue:

We said the market had to cooperate in order for us to go long on BYI, CSIQ or RT.

Well as you know the market did not cooperate and none of the trades should have been executed. 

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This Issue:

We may not be out of the down-trend just yet. Although, the Nasdaq did take out the January lows while the Dow and SP500 have not yet. So I expect we will be another week or 2 of downside activity. However, I am reluctant to suggest any downside plays at this time.

I have 2 interesting candidates for longs. That is if the market turns around this week.

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First is BMC Software, BMC, given the way the market went last week with 4 down days it is remarkable this stock has 6 up days in a row. So a slight pullback should be expected before entering. If it drops below the 50 SMA the the potential trade is negated. Upside targets should be in the 36 to 38 area.

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The second possible long candidate is Psychiatric Solutions, PSYS, is another example of a stock bucking the market trend. It appears to have ended the downside and  has just broken the trend line and the 50 SMA. I except it will pullback to the 30 area which means it should fail the 50MA and then continue up. Should it fail the 50MA and then fail the retest of the 50 MA then the trade is negated. The upside target is the December gap around the 35.50 area which should be at the 200 SMA. On a longer term basis it should take out the OCT07 highs in the 41 area. Volume the last 4 days has been almost twice the normal volume.

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The software used to find these candidates is TCScanPlus. You can find a special link to it on www.tradingourway.com  TCScanPlus requires the Worden Brothers TC2007 program to be open. TC2007 can be found below or the above link. For TCScanPlus, I have arranged a special discount price for Tradingourway users but only if you follow the information on the Tradingourway product page.

TCScanPlus is an outstanding product that is very easy to learn and will scan for trend line breakout or breakdowns or both which is the scan I used above. It will also scan for channeling stocks, Fibonacci levels, patterns, support/resistance, stops, and Worden Brothers Moneystream and Relative Strength Moving Average. Plus much more. Take the free trial and try it out. No credit card required. When you purchase be sure to you the special link on Tradingourway to qualify for the discounted price.

If you follow stock's correlation to others you want to checkout the CorrelScan program as well. Great little tool.

I have used both programs for about 4 years and still amazed at what you can do with them. 

Worden Brothers charting software Telechart, is in my opinion the best on the market. I have used it since 1996 and their platinum since since 2004. They offer a 30 free trial so check out the product and if you have questions you can send me an email. However, the best thing to do is use the online forums  and post your question in the "Ask the trainer"   the trainers will respond in a matter of hours, sometimes minutes. Plus the entire user community will respond with their opinions and suggestions.

Click on the picture below to get all the details on the Telechart program.

Summary:
 
The information in these newsletters are but a small fraction of what will be covered on our "Seminar at Sea". We'll be showing you how to find stocks like the ones above and how to analyze them for your trading.  Plus, so much more.

 Please feel free to send an email to kermitp@tradingourway.com  with your suggestions, complaints or questions. Your feedback is important to us.

Also, Please feel free to forward to your friends by clicking on the "Forward to a Friend" below. 
 
Thank You and good trading,
 
           Kermit Prather