Mid-Week Newsletter

If you look at the headline drive-by media numbers you really aren’t seeing what’s going on under the hood of that shiny car on the showroom floor. The indexes look like they are only down to flat a little bit BUT, under the hood of that car? It’s not firing on all cylinders and outright wicked in the screamers and as usual most extended stocks.

All we have to say today is we are glad we have short exposure. Have you seen all the reversals today? Especially in the most extended screamers of late.

Names like :

AAPL — 343.90 to 337.50
OPEN — 112.78 to 104.35
BIDU — 143 to 136.60
NFLX — 248.88 to 238.00
APKT — 77.25 to 72.02
CMG — 282 to 273.60
VHC — 28.89 to 24.85
TZOO — 84.84 to 78.00

The list goes on and on but we’re sure you get the point. Like we’ve said time and time again, we don’t chase stocks and today’s action is a good reason why. The screamers are talking loud and clear here.

These are not chump change moves, these are huge moves considering they took place in a matter of a couple of hours. Like we’ve said numerous times in the past — when the music stops you had better have a chair.

60 minute time frequency charts

Below are your daily charts and they are talking.

=========================================================

Game Plan For The Week Of April 4th Thru 8th

Given what we are seeing above in the indexes and many individual names we are not overly excited about the long side of the market here. Given we are seeing more "Change In Trends" patterns showing we will continue to focus upon those and as they trigger we’ll pick them off one at a time. No need to try to chase performance on the long side here folks as there are a lot of buses that you have to chase and that just all ends badly.

We have some short side exposure and we have a watch list dominated with names that have bearish patterns that we can work with ITS ALL ABOUT TRENDLINE BREAKS TO THE DOWNSIDE WITH THOSE.

Whether we top next week or not who knows as we still have a little bit of gap upside to go on the SPX to a retest of the highs for a potential double top to be put in , at the least resistance and when you couple that with what we are seeing chart patternwise and so many names extended? We are sitting right where we want to be sitting.

===========================================================
SHORT SELL WATCH LIST

Consider this section of the newsletter the "Get The Gun Loaded" and be prepared area for you forward thinkers.

VMW

Quick question for you all. What’s the overall trend on this stock. Up or down.

Well you got your breakdown yesterday and like we said watch for a snapback and here we are. One problem, it retested yesterday’s highs and that was it thus far.

KLAC

4-3 Still locked in that bear channel ALTHOUGH the last 5 days gives it that POH look so we’ll want to continue to watch it here. The ultimate would be a retest of the highs 5 days ago and fails. Its at this point what we need to see to get us interested on the short side.

4-6 We’ll delete this name as we’ve got enough to keep us busy in this dept., besides it’s still got that quasi Pullback Off Highs showing.

ARMH

4-3 Currently pulling back off the lows (POL) up to the 50 day. Its all about a downside break of the pink line.

4-5 Has that overall V pattern going on like most everything else. By the way- V patterns are very unstable just so you know. Why? Most have ZERO support. See any V patterns out there? I see a lot.

They suck you in, put on a lot of points, make you feel good, make you feel like quitting your day job, then ultimately bury you.

GEOI

4-6 Well folks there is the trendline break to the downside, from here? If we see any intraday higher movement like our recent conversation on VMW we’ll consider short selling it.

Those who have never sold stocks short we would suggest you google how to short stocks and see what comes up so as to learn from it and stick around as you’ll get hands on experience from just watching around here.

4-3 Well here is that retest of the highs folks. Say if we are all about buying pullbacks off highs should we be considering buying this issue here? See any POH? Me neither, all I see is resistance.

BRY

Today’s action could have been a shake and bake high. What’s a shake and bake? That’s when an issue breaks out into a new high, the novice breakout buyers get all shaken up emotionally with a phrase like "UH OH! its breaking out I gotta buy buy buy, then the market bakes them by rolling over soon after.

XLE

4-6 potential mini double top- see it?

============================================================

LONG SIDE WATCH LIST

If I were to put money to work here. Where do I put it?

AAPL
BACK ON LIST

For us? It’s going to take weakness should we see it in the 330 or less level as stated on the chart. Its what we need to see to get us interested on the longs ide. Sub 330 that is, not here that’s for sure.

This issue ought to be interesting the next 2 weeks. Know why? Well if it sells off its selling off into earnings which is just what we would want to see. A move down to support would be nice HOWEVER we are not the boss, the market is. This issue is going to do what its going to do and we have no control over it. That’s a key to success in the market by the way- Knowing what you have control over and what you don’t.

All we are saying is what we’d like to see/need to see to get us interested in this issue on the long side again. If it happens? Great we can work with that. If it doesn’t? it on to the next stock.

SDS
BACK ON LIST

3-31 Our notes from 3-27 pretty much sum it up. Anyone who bought it a few weeks ago getting scared here? If so? Good. Why? Its always darkest just before the dawn. Say if its always darkest just before the dawn on the short side whats that say about the longside? Hmmmm isnt the Sun is always brightest at its peak right?

3-21 So if you buy right here what is your risk? The blue support line thats what. Which is basically a little over a 1 point pop from here. Keep in mind in order for this to break support the SPX has to break into a new high. But even if the SPX were to break into a new high it doesnt mean its going to stick. See all the gaps up the SPX is creating off the recent lows? Odds favor they get filled.
This one is high on our list.

3-27 Keep in mind IF IF IF the market does the "In To Quarter End" Pump which is more strength early next week then this issue is going lower and near major support. USE THE US DOLLAR chart’s double bottom with a shake out low example as a guide for what COULD (doesnt mean it will but could) occur with it over the next week. If you own it and we get a shake out low in it don’t get scared.

=====================================================
Featured But Not Trade Triggered By Us

This is where names that we have on our watch list that have triggered but for whatever reason we did not take them (can’t do them all) in our trade trigger alerts. This section is because a lot of our subscribers opt to use our information as they see fit from a do-it-yourselfer standpoint.

BSFT

44.60 as we post, sure glad we played hit and run get in get your pointsand go with this one as we’d only be up about 1 point had we not locked our gains in the 46 range.

SLV

Bottom line? EXTENDED

And by popular demand below is GLD

Potential shake and bake high in here? But hey we don’t buy fresh breakouts with the indexes approaching major resistance on negative divergence anyway.

=====================================================

All About Options In The World According To All About Trends

NOTE: The exchanges recently started WEEKLY EXPIRATIONS of options. Going forward, make sure that you check to see which ones you are buying. Let’s stay with traditional options expirations which are the ones that expire the 3rd Saturday of every month.

Options Watch List

ALL PUT OPTIONS All APRIL expiration

BRY

The ones to watch are the APRIL 55 puts. with the stock at 51.55 these are priced at 3.80 which means you are paying 70 cents for time.

XLE

The ones we want to look at are the APRIL 84 puts. With the stock at 79.20 these are priced at 5.30 which means you are paying 50 cents for time.

Current Holdings

CLF (We are now long 1 APRIL 110 Put Option at 12.25)

As we post they are priced at 10.65
=======================================================

CURRENT POSITIONS

"Let Your Stocks Tell You What To Do By The Action They Exhibit"

LONG SIDE POSITIONS

APKT (We are LONG 150 shares at 70.67 as of 3-28-11)

Well you got your retest of the recent highs on the opening pop and drop and if you blinked you missed those highs, looks like we are back into a fast market here.

From here what we will want to do is set a stop at breakeven on the issue SET YOUR STOPS ACCORDINGLY for those who werent fast enough to walk away at this mornings highs. For us? Any strength and we’ll want to consider walking away and calling it another day.

VXX (We are now LONG 300 shares at 32.58 as of 3-23-11)

With the indexes spitting distance away from a full blown retest of the highs it stands to reason that this issue is near retesting the lows. This is a support level much like the indexes are sitting at a resistance level. This issue typically trades inverse the indexes. It’s also a play on Nervous Nellies fear.

Exactly the kind of action we want to see at a major support level. One day at a time folks one day at a time.

SHORT SIDE POSITIONS

CLF (We are now SHORT 125 shares at 98.16 as of 3-31-11)

AWESOME, doing exactly what it should be doing when it hit resistance, like we’ve said "90% of this is getting in the zone and 105 is emotionally sweating it out while in the zone"

NFLX (We are now SHORT 75 shares at 220.19 as of 3-22-11)

AWESOME, here too exactly the action one wants to see at resistance and a potential double top.

BIDU (We are now SHORT 100 shares at 127.81 as of 3-23-11)

Never fails, typically the most extended stocks (you know the ones that everyone who has no self disipline that are ruled by their emotions?) are the ones who get it the hardest when the monkey flips the switch, all we have to say is chasing buses is hazardous to ones health.

Remember, for those who "Have to have it?" the market does a good job of letting them have it, only problem is is that it’s usually not the way they want to have it

=============================================================

To our NEW SUBSCRIBERS

What we’ve tried to do is break our watch list down into chart pattern recognition structure from a visual standpoint. Learn the patterns and the components of patterns and you’ll blow those Wall Street MBAs away. You don’t need a $3,000 software program either. All you need is a BURNING DESIRE to be the best that you can be and we’re here to help.

We have a lot of new folks here and we thank you! We want you to take it easy, get to know how the routine works around here for awhile and to feel comfortable.

We hope you all aren’t here because you are chasing performance. For us it’s more about educating and making you the best you that you can be first (that’s what we focus upon!). Like many of our long time subscribers they have all found out that they have no use for traditional Wall Street (and we don’t blame them) and it’s our hope that over time you’ll have acquired enough knowledge from us to say the same with conviction.

One of the most important things we want to stress is that of RISK MANAGEMENT via POSITION SIZING. You don’t need to stack your account with just a few big positions as we’ve seen it time and time again that those who get into trouble are the ones who take large positions and do not employ any risk management system IE shoot for the fences. Those are the people who live on the fringes of extremes and yes ultimately get burned.

As a guideline a good initial system is that of the following example.

Let’s say you have a $100,000 virtual portfolio and let’s say that as a guide you never place more than 10% ($10,000) into any one position. Now let’s say that one day a news driven event hits (over which you have no control over anyway) and one of the positions tanks 20%. On its own that position is sporting a $2,000 loss, while that may seem devastating on its own its really no big deal overall.

Why? Simple its all about risk management being properly employed. What is the impact of a $2,000 loss to the TOTAL VALUE of the virtual portfolio in this example.

Answer: A whopping 2% LOSS. Now you know why we say no big deal.

We can also tell you new people here that you will get stopped out of names and you will take hits. There is nobody on the planet living that has ever hit 18 holes in one and there never will be. We’d rather get you grounded in reality right away vs talking about pie in the sky all the time like a lot of other sites. In so doing your head is screwed on straight from the start and when those days happen (and they will) mentally it won’t mean a thing to you. To us that’s what’s most important is YOUR state of mind as it’s your most important asset. We hope you appreciate our honesty.

We have a very good retention rate here at All About Trends and a lot of great outstanding people here. We like to think that a part of that is being upfront about what can happen (in both directions). Verses those up 500%, I turned $50,000 into $3 million or some other absurd number to get you to bite. That’s not who we are.

WELCOME ABOARD!

================================================

Lastly with regards to taking any trade:

Remember the moment you take a trade you are at the mercy of the market and have no control except when to sell. If you are not willing to take the risk and are not willing to pay that price do not take the trade. We are willing to take that risk knowing full well the end result could be a loss. That said make sure that virtual portfolio management trade size is used accordingly. With any position you may take make sure that should something go awry the amount of total impact to your account does not devastate your acct. Try to stick to a 5% position That’s the key to virtual portfolio management, not biting off more than you can chew.

Remember the mechanics of reality with regards to the stock market states a stock can only do one of three things: Up, Down, Nowhere. The moment you hit the enter button you are at the mercy of the market therefore the only control you have is when to sell/cover. You can’t manage your gains as you have none to manage initially. Knowing this in advance it allows you to stay in outcome, that being you will either:

1. Make a gain
2. Wash
3. Get stopped out at a loss

Remember the market IS the boss. IT is going to do what IT wants to do.

============================================================

SUBSCRIBER ONLY WEB SITE

Don’t forget you can view updates in the middle and the end of each trading day complete with current charts, along with our current performance at our subscriber only web site.

THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. All About Trends reserves the right to refuse service to anyone at anytime for any reason. Allabouttrends.net is not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only. The member/subscriber agrees that he/she alone bears complete responsibility for his/her own investment/trading decisions. Allabouttrends.net shall not be liable to anyone for any loss, injury or damage resulting from the use of any information. Trade at you’re own risk, this information is strictly for educational and informational purposes only. Allabouttrends.net assumes NO responsibility whatsoever for any losses expe rienced by anyone who uses its educational materials to make financial decisions. All charts courtesy of stockcharts.com .

Want to know more? Visit our web site. Have you enjoyed good results from our newsletter or have a comment or question? Contact us at customerservice@allabouttrends.net. We’d love to hear from you. If you enjoy these newsletters, tell a friend!

Finally, we have a public list at www.stockcharts.com — you can help us out by voting for it each day. At the bottom of our list is a place to vote for us. Voting for us each day helps our list get closer to the top which means more visibility and more subscribers and more opportunity for us to help others like you be successful.