Breakouts for Mar 22nd: The indecisive market has left few worthy breakouts. The 'E' ranking of two of the breakouts reflects the lack of leadership. The first pick, ANX, is the first of these poor fundamental ranked stocks. The last news from the company was an 8-K filed on March 7th in relation to a phase II cancer trial. In favor of the bulls is heavy volume accumulation as part of a right-hand-side base as it continues to climb past the 200-day moving average. The point-n-figure chart remains trendless - moving inside a $0.875-2.00 range. The price target is based on the next point of resistance on the weekly chart. Note new near term highs in the MACD trigger line and on-balance-volume. The second pick, SYNC, is the highest ranked stock (fundamentally) of the three breakout plays. The stock confirmed a break of $3.10 resistance following a sequence of buying spikes. This followed an upgrade by JP-Morgan. The buying forms part of a golden cross (50-/200-day MA crossover) as it starts a right-hand-side base. On-balance-volume is on the tear, as slow stochastics return to overbought levels. Next resistance on the weekly chart is $3.50. The point-n-figure chart shows a new double top breakout with a preliminary price target of $6.50. I have set my price target close to $5 psychological resistance. The third pick, TGAL, last filed an 8-K on March 17th as a new director was appointed to the board. The stock breached resistance dating back to December 2004 as it climbs from a $0.87 bottom. The next point of resistance is likely to kick in around $1.60. Traders should note the presence of the 200-day MA at $1.32 and 50-day MA at $1.13 which should see some sideways trading inside this zone until the upward trend reasserts itself. The weekly chart shows a double bottom of the July 2004 and February 2005 lows. The gains in price are supported by a MACD trigger line above the bullish zero line, on-balance-volume above its 20-day MA trigger line, and slow stochastics above the bullish mid-line. GTC buy orders down to $1.18 should reap rewards for the patient.

Back to top

Back to top

Back to top

Date	Stock 1	Max gain %	Stock 2	Max gain %	Stock 3	Max gain %	Date	Stock 1	Max gain %	Stock 2	Max gain %	Stock 3	Max gain %
Aug 12th	.	.	Long	11	.	.	Sep 7th	.	.	Long	45	.	.
Sep 24th	Long	35	Long	18	.	.	Sep 29th	Long	39	.	.	.	.
Sep 30th	Long	26	Long	12	.	.	Oct 12th	.	.	.	.	Long	17
Oct 13th	Long	32	.	.	.	.	Oct 14th	.	.	.	.	Long	35
Oct 15th	.	.	Long	34	.	.	Oct 18th	.	.	Long	36	.	.
Oct 21st	.	.	.	.	Long	20	Oct 26th	Long	33	.	.	.	.
Oct 27th	.	.	Long	6	.	.	Oct 29th	Long	94	.	.	.	.
Nov 1st	.	.	Long	78	.	.	Nov 3rd	Long	18	.	.	.	.
Nov 4th	Long	65	.	.	.	.	Nov 5th	Long	40	.	.	Long	37
Nov 9th	Long	29	Long	29	.	.	Nov 10th	.	.	Long	48	Long	38
Nov 15th	Long	19	.	.	.	.	Nov 18th	.	.	Long	21	.	.
Nov 23rd	Long	18	.	.	.	.	Dec 1st	.	.	Long	35	.	.
Dec 3rd	.	.	.	.	Long	24	Dec 6th	.	.	.	.	Long	40
Dec 7th	.	.	.	.	Long	8	Dec 8th	.	.	.	.	Long	16
Dec 10th	.	.	.	.	Long	14	Dec 13th	Long	28	Long	22	.	.
Dec 14th	.	.	Long	19	.	.	Dec 15th	.	.	Long	19	.	.
Dec 16th	.	.	.	.	Long	24	Dec 17th	.	.	Long	24	.	.
Dec 20th	Long	54	.	.	.	.	Dec 21st	.	.	Long	9	.	.
Jan 7th	.	.	Long	10	.	.	Jan 11th	Long	31	Long	38	.	.
Jan 12th	.	.	.	.	Long	28	Jan 13th	Long	16	.	.	Swing	21
Jan 20th	.	.	Swing	33	.	.	Jan 21st	.	.	Long	32	.	.
Jan 24th	Long	34	.	.	.	.	Jan 25th	.	.	.	.	Long	16
Jan 27th	.	.	Long	65	.	.	Jan 31st	.	.	Long	3	Long	22
Feb 3rd	Long	28	.	.	Short	5	Feb 4th	Long	33	.	.	Short	24
Feb 8th	.	.	Short	9	.	.	Feb 9th	.	.	.	.	Long	8
Feb 10th	.	.	Short	12	.	.	Feb 11th	.	.	.	.	Short	7
Feb 15th	Long	14	.	.	Long	184	Feb 17th	.	.	Long	9	Short	4
Feb 22nd	Long	9	Long	7	Short	13	Feb 23rd	Swing	20	.	.	Long	9
Feb 24th	Long	4	.	.	Long	9	Feb 25th	.	.	.	.	Long	4
Feb 28th	.	.	Long	11	Long	7	Mar 1st	.	.	.	.	Long	9
Mar 2nd	Long	4	Long	2	.	.	Mar 3rd	.	.	.	.	Long	10
Mar 4th	Long	14	.	.	Long	15	Mar 8th	.	.	.	.	Long	13
Mar 9th	.	.	Long	6	.	.	Mar 10th	Short	10	Short	5	Short	2
Mar 11th	Short	9	Short	5	.	.	Mar 14th	Short	2	.	.	Short	3
Mar 15th	Long	3	.	.	.	.	Mar 16th	Short	6	Short	2	.	.
Mar 17th	Short	3	Short	4	Long	3	Mar 21st	Long	7	Long	13	.	.
Mar 22nd	.	.	.	.	Long	5	Mar 23rd	Long	7	Long	17	Long	0
Mar 24th	Short	1	Long	1	Long	0	.	.	.	.	.	.	.
.	.	.	.	.	.	.	.	.	.	.	.	.	.
TYPICAL RISK		6%	AVG MAX GAIN OF WINNERS					74%	AVG MAX GAIN OF LOSERS				7%
TYPICAL RISK		11%	AVG MAX GAIN OF WINNERS					65%	AVG MAX GAIN OF LOSERS				8%

"IBD" refers to Investors Business Daily

BUY THE NEWSLETTER

If you wish to learn how this service could be of use to you please download my How to? and sample newsletter.

In order to subscribe, please sign up for a payment plan

User id: member email address password: "gold"

Allow 24 hours to set up web site access. Please be aware in some instances the newsletter can be spam filtered; please allow emails from fallond@yahoo.com and fallond@fallondpicks.com.

Subscription rates

1-Year for $119 (save 33%)

6-months for $80 (save 11%)

$14.99 per month by credit card

Support Emerging Entrepreneurs

$25 of every Annual Subscription Sold is routed through Kiva.org