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September 30th Daily Market Comments

The indecisive nature of the market is illustrated once again today, keeping the market trend in an absolutely flat/sideways mode. This continues to make each individual stock chart the most relevant factor. Currently, there are both good bullish charts as well as good bearish charts. These market conditions warrant having both long and short positions in the portfolio. … [Read More...]

Trending Stocks: BITA, EGRX, KITE, SNX, SVXY, WB, YELP

Bitauto Holdings Ltd. (BITA)Chart for BITAOver the next 13 weeks, Bitauto Holdings Ltd. has on average historically risen by 23.1% based on the past 6 years of stock performance.Bitauto Holdings Ltd. has risen higherby an average 23.1%in 3 of those 6 years over the subsequent 13 week period,corresponding to a historical probability of 50%The holding period that leads to the greatest annualized return for Bitauto Holdings Ltd., based on historical prices, is 1 week. Should Bitauto Holdings Ltd. stock move in the future similarly to its average historical movement over this duration, an annualized return of 523% could result.Eagle Pharmaceuticals, Inc. (EGRX)Chart for EGRXOver the next 13 weeks, Eagle Pharmaceuticals, Inc. has on average historically risen by 15.6% based on the past 2 years of stock performance.Eagle Pharmaceuticals, Inc. has risen higherby an average 15.6%in 2 of those 2 years over the subsequent 13 week period,corresponding to a historical probability of 100%The holding period that leads to the greatest annualized return for Eagle Pharmaceuticals, Inc., based on historical prices, is 45 weeks. Should Eagle Pharmaceuticals, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 397% could result.Kite Pharma, Inc. (KITE)Chart for KITEOver the next 13 weeks, Kite Pharma, Inc. has on average historically risen by 51.1% based on the past 2 years of stock performance.Kite Pharma, Inc. has risen higherby an average 51.1%in 2 of those 2 years over the subsequent 13 week period,corresponding to a historical probability of 100%The holding period that leads to the greatest annualized return for Kite Pharma, Inc., based on historical prices, is 1 week. Should Kite Pharma, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 856% could result.SYNNEX Corp. (SNX)Chart for SNXOver the next 13 weeks, SYNNEX Corp. has on average … [Read More...]

September 29 Daily Market Comments

The markets continue to demonstrate a lack of conviction. Today's indecisive trading illustrates the trend channel as being the strongest indicator. However, individual sectors continue to outperform. Crude oil stocks are gaining strength with the prospect of Saudi Arabia cutting production. Utilize each individual stock chart pattern as the main criteria. … [Read More...]

September 28th Daily Market Comments

Today's lack of conviction, after yesterday's strong bullish day, continues to make the sideways trend channel the likely trend evaluation. This lack of enthusiasm in the overall market trend continues to make each individual stock chart the predominant evaluation. The biotech's appear to be picking up steam. Gold remains in a sideways mode. Crude oil is still in a sideways wedge formation. The summer doldrums appear to have continued into the fall. … [Read More...]

September 27th Daily Market Comments

The candlestick charts continue to make relevant statements. The Dow is forming a bullish Harami so far today. If it closes as a bullish Harami, a trend channel could be setting up. … [Read More...]

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