Over the years, you – our subscribers – have come to expect quality investment commentary and trade tips from OutcastTraders.com. It is very rewarding to hear from many of you who have benefited from our suggestions and tutelage and it has been an even greater honor to help you build your investment portfolio these past many years.

We are very pleased to announce that as of July 1, 2010, www.OutcastTraders.com will be under new, and even better, management. Our subscribers can expect the same great quality of trade advice and commentary but also a new caliber of service and attention that our small team had a hard time meeting the demand of.

It has been a joy being a part of your progress but we only pass the baton knowing that you are in better hands and can look forward to many more years of trading and financial growth. Happy Trading!

ECTE got within ONE PENNY of its 52 week high yesterday.Gaping up 18 cents and tapping on $1.99 before pulling back to close at $1.83. With the path now cleared to $1.99, we are looking for a break of the elusive $2 mark in the coming days with a break out that could reach as high as $3!

Since we picked up ECTE on December 10th, the stock has done nothing but perform.

We believe the next stop for ECTE is a new 52 week high in excess of the $2 mark!

San West Inc. (OTCBB: SNWT), a recent strong buy of ours, has been through some rough times since the finalization of the 5 for 1 stock split. Since our initial pick of SNWT (then HBSY), the beginning of July, the stock has performed brilliantly. Many subscriber portfolios are up between 1000 and 2000%. While we don’t think SNWT will deliver gains quite like that again, we do believe it is bouncing off strong support and could easily see previous highs.

An OutcastTrader member emailed us today regarding SLPO. SLPO (formerly SLAT) announced a 3 for 1 forward split on 10/13. The stock closed at $0.58 (post split $0.1933) on 10/12. The company announced on 10/16 that the effective date of the split would be Monday October 19th. The stock closed at $0.68 (post split $0.2267) on the 16th and ran all the way to close at $0.35 (split adjusted $1.05) on the 19th or a gain of 54% in just one day and 81% from the split announcement on October 13.

What does this mean and why do we bring it up? We bring this up because if you were a shareholder on their record date (which happens to be this coming Monday for SNWT) and happened to be lucky enough to be in the forward split you would have scored 50% or more just by owning on the record date. This is why we are now extremely excited for the remainder of this week into the split.

Remember!!! The SNWT 5 for 1 forward split record date is on Monday, October 26, so if you want to quality for the additional shares be sure to own it by that date it may start to move up as we get closer to Monday like most forward splitting stock do – so keep an eye on it as it may make for a profitable trade.

This is exciting for any and all shareholders of SNWT.

On the tails of Friday’s huge after market announcement, San West, Inc. (SNWT) Enters Into 3.2 Million Dollar Partnership With Second Largest Online Dealer in U.S., SNWT marched to a new 52 week high of $1.70 only to be hit hard by profit taking, shorters, or both. The stock was beaten down to a support level in the $1.20 – $1.10 range and bounced slightly to a close of only $1.22 (see chart).

Between landing smack dab in the middle of strong support, bargain hunters picking up long positions, a possible short squeeze, and Monday’s after market announcement of a 5 for 1 forward split, SNWT stock rebounded nicely all the way to $1.47 before setting in to a closing price of $1.44.

As can be seen in the accompanying chart, the last 30 days or so of trading activity have created a clear uptrending trading channel. Yesterday’s sell off brought SNWT prices down to multiple support areas.
1) The congestion area, and last weeks upper limits, at $1.20 – $1.10.
2) The 9 day moving average, which has pretty much held the closing prices above it for well over a month.
3) The lower parrell of the uptrending trading channel.

Corporate developments have created quite a bull run for SNWT. Unfortunately, it seems the rapid accent and high volume of trading has attracted short sellers. For the most part, the short selling has been no match for the upward buying pressure in SNWT. It has also been brought to our attention that there are minimal to no shares available for shorts to borrow, meaning continued buying has the potential to squeeze any shorts in SNWT. Any signs of a short squeeze could produce enough momentum to shoot SNWT into the upper boundries of it’s trend channel, currently +/- $1.80.

Hard to say who will win, or just how short the market may be. What is not so hard to see is the trading patterns of SNWT and what appear to be strong support and resistance levels.

San West, Inc. (OTCBB: SNWT) announced the inking of a deal today that could potentially TRIPLE last years revenues.

San West, Inc. Enters Into 3.2 Million Dollar Partnership With Second Largest Online Dealer in U.S.

Partnership Expected to Put Company Into “Top-Tier of Internet Commerce” Within Sector

READ PRESS RELEASE

SNWT – looks to have completed a brief consolidation phase and ready to resume the upward trend.

As can be seen in the chart to the left, SNWT has been knocking on the $1.20 ceiling for a week now.

The ‘Accending Triangle’ pattern is considered by many one of the most reliable of the bullish set ups. Look for SNWT to break this $1.20 area with continued upward momentum into the $1.42 – $1.50 area.

SNWT looks to have resumed its upward momentum. Looking for a break into the $1.25 range as early as this afternoon.

We are going to be doing something a little bit different today as we analyze the forex markets. Examining the forex markets is nothing new, but we have never gone through 13 pairs of cross rates on the fly. I also show you a quick and effective way to analyze the dollar index at the same time.

In my new video I look at all the major cross rates in a way to quickly tell if you should be in or out of the market.

I am basing my forex observations on our “Trade Triangle” technology and will gladly show you how we apply them to any currency cross rate. It is a quick and easy lesson that will show you exactly what I look for when I’m going to go into a market.

The video is free to watch and there is no need to register. I would love to get your feedback about this video on our blog.

With the S&P 500 falling to a fresh two-week low, the big question is this a correction, or the start of a major trend on the downside?

I have just finished a short video that details many of the key concerns that we have for this market. If you have not seen our videos before you may enjoy this one. This video does not require a plug-in.

The video is free to watch and there is no need to register. I would love to get your feedback about this video on our blog.

This article appears courtesy of Traders Blog, the Internet’s most popular blog site for traders. For four complimentary trading videos, visit: