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September 22nd Daily Market Comments

The markets are still indicating consolidation. The Dow is trading lower, the transportation index is trading higher, the NASDAQ and S&P 500 are trading slightly lower but above where they opened. This is evidence there is no convincing selling, merely just profit-taking. These market conditions still provide good bullish moves as well as good bearish moves. Have both long and short positions in the portfolio. This is why we recommend Trend Analysis.   … [Read More...]

September 21st Daily Market Comments

The indexes are continuing to demonstrate consolidation during the uptrend, not any major change of investor sentiment. The Dow is used the 3T-line as support Today, the S&P 500 has use the T-line as support. The NASDAQ is showing the most weakness, after a series of Doji's it is currently trading below the T-line. The transportation index is trading higher. The accumulative analysis of all the indexes merely indicate shifting of funds, no major exodus from the markets. Continue to use the signals and the T-line to stay predominantly long with some short positions in the portfolio. … [Read More...]

Trending Stocks: HTHT, QDEL, RGR, TMUS

China Lodging Group, Limited (HTHT)Chart for HTHTOver the next 13 weeks, China Lodging Group, Limited has on average historically risen by 5% based on the past 7 years of stock performance.China Lodging Group, Limited has risen higher by an average 5% in 4 of those 7 years over the subsequent 13 week period,corresponding to a historical probability of 57%The holding period that leads to the greatest annualized return for China Lodging Group, Limited, based on historical prices, is 7 weeks. Should China Lodging Group, Limited stock move in the future similarly to its average historical movement over this duration, an annualized return of 54% could result.Quidel Corp. (QDEL)Chart for QDELOver the next 13 weeks, Quidel Corp. has on average historically risen by 9% based on the past 36 years of stock performance.Quidel Corp. has risen higher by an average 9% in 20 of those 36 years over the subsequent 13 week period,corresponding to a historical probability of 55%The holding period that leads to the greatest annualized return for Quidel Corp., based on historical prices, is 12 weeks. Should Quidel Corp. stock move in the future similarly to its average historical movement over this duration, an annualized return of 41% could result.Sturm, Ruger & Co. Inc. (RGR)Chart for RGROver the next 13 weeks, Sturm, Ruger & Co. Inc. has on average historically fallen by 5.3% based on the past 44 years of stock performance.Sturm, Ruger & Co. Inc. has fallen lower by an average 5.3% in 30 of those 44 years over the subsequent 13 week period,corresponding to a historical probability of 68%The holding period that leads to the greatest annualized return for Sturm, Ruger & Co. Inc., based on historical prices, is 34 weeks. Should Sturm, Ruger & Co. Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 15% could result.T-Mobile US Inc (TMUS)Chart for TMUSOver the next 13 weeks, T-Mobile US Inc has on … [Read More...]

September 20th Daily Market Comments

Market consolidation? The Dow, S&P 500, and the NASDAQ are trading slightly lower, but only slightly. Nothing yet has shown there is any candlestick reversal signal, indicating a change of the current uptrend. But another important factor is illustrated in the transportation index, it is trading up strong Today after showing support on the T-line yesterday. Simple market trend evaluation indicates when one index is continuing to trade strong while other indexes are soggy, this is merely consolidation. Continue to hold long positions as long as they are maintaining above the T-line and have a few short positions in the portfolio. … [Read More...]

September 19th Daily Market Comments

Nothing has changed in the trend of investor sentiment, a slow steady uptrend with the most obvious strength remaining in the Dow. The only caution is that the Dow has now had a trend move after it broke out through the wedge formation of the same magnitude of the last strong trend prior to the wedge formation. This would suggest profit-taking should start occurring relatively soon. Until there is evidence of profit-taking, continue to utilize the bullish candlestick charts until sell signals appear. … [Read More...]

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