Confucius say: "Onry idiot spell my name, 'Confucious.'"

NSTK was the #1 Early Mover this morning and it's also the #1 Unusual Suspect at the End of Day (and it's still going strong after-hours). It gave a fine "Dummy" entry with only around 36 cents of initial risk, but the tone was very poor today so I wasn't looking to get long anything.

Nevertheless, it's a good idea to drop by the site around 9:15 ET every morning to look over the stocks I've identified as Early Movers... they're stocks that most day traders know about, but not the popular press. See you tomorrow, guys.

NSTK, 30-minute Chart

Here's an update for Centurytel (CTL), today's coil pick. You can see how it broke out around 11 AM, and gave a nice spot above $33.84 to get long with only about eight cents of initial risk. The very skittish would already have a breakeven stop in it.

Next month when I plan to start the subscription portion of the site, the set-ups that I'll feature will be much more sophisticated than these simple range contraction patterns. I plan to detail where I will enter, place my stop loss, the target prices I'm looking for, etc. It's gonna be good, but it ain't gonna be free no more.

CTL, 15-min. Chart

Early movers this morning:

CNOOC, Monthly Chart

Once I launch my "new" semi-commercial website in October, I'll be posting more about the Red Chips and H-Shares listed in Hongkong. (I hope to get a couple hundred subscribers for my Hongkong-listed stock trade set-ups... and don't get me started on the demand for my Mainland China-listed stock trade set-ups... and Taiwan? Fuggedaboutit.)

The coil scanner picked up CTL. Keep an eye on Centurytel to see how it breaks out of this range contraction.

CTL, 30-min. Chart

Bill McCartha played a song this morning called "Brother from Another Mother," which I liked. I thought it was Phish, but no, it was from a CD called Carbohydrates by a band called RAQ (out of Burlington, Vermont). Check them out.

Archipelago's Rich Sea of Possibilities, by Amy Tsao:

You can see that the VTI put in a reversal bar last week at yet another "lower high." If price falls below $101.90, it will put in yet another "lower low." If that happens then sentiment will probably get bearish enough for me to put more money to work, which I'm looking forward to doing.

Vanguard Total Stock Market VIPERs, Weekly Chart

A look at the Canadian Dollar as it approaches old highs... if you recall, Fuzzy exited the very long-lived CD position last April below .7323. Fuzzy then bought back in above .7405 in June and is still holding long here. Were we whipsawed? Sure, that's the life of the long-term trend follower.

Canadian Dollar futures, Weekly Chart

I apologize for neglecting to post the Gratuitous Cute Chick Pic last Friday; I simply forgot. Judging by the amount of angry email I got, I should quit writing about the markets and focus solely on putting up pics of cute chicks.

You can find yesterday's Unusual Suspects on the Unusual Suspects page.