Great call steve!

I'm on TOS rather than Stockcharts, you guys know if the TICK indicator exists under a different name on TOS? Not seeing anything...

Beautiful Steveo.

BGFV surprisingly released early 4th quarter numbers. Bloodbath after hours. :(

Thank you for the info Steve.

A couple weeks back Steve flagged BGFV (Big Five Sporting Goods) as a trade idea, it tanked shortly after but for whatever reason that chart stuck out to me so I went digging. 8% Dividend, P/E of 7.5 seemed crazy. 20 million shares outstanding, 50% short interest. Why. Earnings are declining. Ok. Certainly not to zero. Competitors, Sports Authority and Sports Chalet just went out of business. A Director just bought ~40,000 shares (He sold them in March at $15 a share). Well that's positive. They have 16.5M set aside for stock buyback. Their tax rate will decrease by over a third, which should theoretically increase their earnings by as much, no? They buy back 16.5M worth of shares, reducing the float to ~17.8M, which means they pay less out in dividends and keep more cash (or pay higher dividends) and earnings ratchet up because of tax decrease, their earnings practically double to $1.50 making them a stock with a P/E of 4.6  and a dividend yield of 8%. A P/E of 7.5, gives them a value of $11.25 easy, and their average annual P/E is more like 10-12. I bought some because it just bounced off its 50% retracement line on the latest move. The most important fact of all is that I walked into a Big 5 this week to check them out and two crows sat staring at me as I walked into the store, one in a tree and one on top of the building.  And everyone who studies sorcery knows that two crows is an omen of good luck. Someone please punch holes in this analysis. Would love to hear thoughts from anyone else who's looked at this.

Oo, thanks Steve. Live chart shows a blue arrow, although Friday's did not... wait until close to confirm?

Don't know if anybody else noticed but the $CPC Put Call Ratio (Chart 50) from this weekends market newsletter went on a buy signal.

Matt (or anyone else who knows),

Does the breakout trade type exit only when it hits the stop, or will it exit like the others and you send out an email?

Took the trade, thanks for posting Matt. Love the systems!! 

 THANK YOU BOTH!  And Matt thanks for deciding to keep relaying the sub-system info on the SPY. The extra information DOES help.

Lolol. This thread is too much today.

Does anyone know what's going on with Ditto Trade? Log-in access appears to be blocked with referral to Apex Clearing House phone number. I haven't heard back from them today, am wondering if anyone else had any luck...

Speaking of IHS, From Chart 38 in last nights newsletter, would the pattern on SLW constitute an inverse H&S? And would a minimum target to the 200 day be pretty reasonable? It also seems to coincide with a gap left near there.

What the heck is going here?

given the symmetry of the H&S, RF found its last bottom yesterday. exiting if it moves back below $4. 

I think rp originally put me onto this one as a falling wedge. Looks like a pretty standard inverse head and shoulders, with maybe another 2 weeks of consolidation. Doesnt hurt that its trading at .37 to book value. Was trading at twice this when earnings were bleeding, last three quarters are green (however fishy the accounting is).

Picked up $4 and $5 May '12 calls at .60 and .36 a couple weeks ago. Looks like another drop to around $3.80 is possible based on symmetry. Hope to be out of this trade by mid-december for minimum +150%.

20M shares, $400M.

Matt - The C alert chart link is bringing up a chart for HON. fyi.

yahoo finance - this only shows the current amount of shares outstanding.

im looking for something that will show me how much a stock has been diluted over the last ten years or so, so i can look up when and for what reasons the stock was diluted. ie. offerings, incentives. etc.

Does anybody know of a website/resource that shows the amount of shares outstanding of a company over time?