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January 19th Daily Market Comments

The markets are still in a wait and see mode. The Dow is trading slightly lower, the NASDAQ is relatively flat, the S&P 500 relatively flat, but the transportation index is up strong today. This lack of direction in the market is continuing to allow candlestick patterns to work effectively, i.e.MBLY and KMT J-hook patterns. Continue to stay predominantly long but there are still good short positions available, PIR. … [Read More...]

January 18th Daily Market Comments

The NASDAQ trading positive, the Dow trading negative, neither with any great resiliency, indicating there is no major change of investor sentiment. This still implies that each stocks/sector is still the predominant analysis. Gold stocks continue their uptrends, still in a scoop pattern slingshot uptrend. The fact that there is no major movement in the market in general continues to make the T-line the predominant trend factor. … [Read More...]

January 17th Daily Market Comments

Although the markets are trading lower today, they are trading indecisively.  The NASDAQ is still above the T-line, the S&P 500 right on the T-line, and the Dow trading just below the T-line. Without any major change of investor sentiment, strong chart patterns are still acting strong. The T-line remains a relevant factor when analyzing the current trend. … [Read More...]

January 13th Daily Market Comments

The NASDAQ continues to show good solid uptrending. The Dow and S&P 500 remain consistently at the T-line area. There is no signs of bearishness in this market, expect a stable/uptrending market to continue. This is allowing the strong candlestick patterns such as frypan bottoms to continue to produce profits, i.e. KLIC and PAH. The biotech sector remains strong. Stay predominantly strong with long positions being targeted to the strong sectors. … [Read More...]

Trending Stocks: DXCM, ILMN, PODD, RIO, W

DexCom, Inc. (DXCM) Chart for DXCM Over the next 13 weeks, DexCom, Inc. has on average historically risen by 9.7% based on the past 12 years of stock performance. DexCom, Inc. has risen higher by an average 9.7% in 8 of those 12 years over the subsequent 13 week period,corresponding to a historical probability of 66% The holding period that leads to the greatest annualized return for DexCom, Inc., based on historical prices, is 1 week. Should DexCom, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 219% could result. Illumina (ILMN) Chart for ILMN Over the next 13 weeks, Illumina has on average historically risen by 6.3% based on the past 17 years of stock performance. Illumina has risen higher by an average 6.3% in 8 of those 17 years over the subsequent 13 week period,corresponding to a historical probability of 47% The holding period that leads to the greatest annualized return for Illumina, based on historical prices, is 3 weeks. Should Illumina stock move in the future similarly to its average historical movement over this duration, an annualized return of 236% could result. Insulet Corporation (PODD) Chart for PODD Over the next 13 weeks, Insulet Corporation has on average historically fallen by 5% based on the past 10 years of stock performance. Insulet Corporation has fallen lower by an average 5% in 5 of those 10 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 Insulet Corporation, based on historical prices, is 1 week. Should Insulet Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 46% could result. Rio Tinto PLC (RIO) Chart for RIO Over the next 13 weeks, Rio Tinto PLC has on average historically risen by 6.6% based on the past 27 years of stock performance. Rio … [Read More...]

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