Featured Posts

December 15th Daily Market Comments

Yesterday the market indexes created potential sell signals, bearish engulfing signals, but they did not close below the T-line. Confirmed selling would have been exhibited had the markets opened lower Today. The strength in Today's trading, as long as it remains going into the close, reveals the T-line is still a major support factor. The uptrend remains in progress as long as there is not a severe selling day going into the close today. Continue to analyze each individual stock chart on its own merits with the portfolio still oriented toward the long side.   … [Read More...]

December 14th Daily Market Comments

Nothing has changed the uptrend except for the overall strength of the market might be showing it is getting ready for a rest. Although there is the continuation of polar opposite analysis of the political agenda in Washington, obviously Fox News and CNN have dramatically opposite reporting, the underlying factor is demonstrated by the overall market trend. This is much more important for analyzing results because the buying and selling of the markets are the actual decisions being made versus the political commentary of the media. Investor confidence remains bullish. The expectation of the retail sales for Christmas is another sign of whether the economy is strong or weak. Observe the obvious, when the checkout lines are excessively long, people are spending money. … [Read More...]

December 13th Daily Market Comments

The J-hook pattern in the indexes is still in progress, implying more upside. Especially if the trading continues above the T-line as well as the 3T-line. The continued strength of the market is making the short positions less attractive, stopping out of short positions. The steady uptrend's of the market are making the high probability/high profit candlestick patterns more viable, i.e. MIDD confirming a bobble breakout. USAT FP breakout. This makes for very easy entry strategies for both stocks and options. … [Read More...]

December 12th Daily Market Comments

The market indexes are trading above the 3T-line, let alone the T-line. The classic pattern in the Dow is in the process of confirming on today's positive trading. The NASDAQ is trading flat while the S&P 500 and transportation index continue to trade higher. There is no evidence of any profit-taking/selling occurring in this market. Also, there are no signs of exuberant buying. The steady uptrend reveals a much more solid trend based upon profit-taking occurring along the way. The prognosis remains the same. Stay predominantly long but it is prudent to have a few short positions in the portfolio. Specific sectors/stocks are working extremely well. RIOT is currently producing very strong profits. GLYC has gapped up producing a breakout of a Frypan bottom. This market remains extremely profitable as long as you maintain the strong candlestick chart patterns. … [Read More...]

Trending Stocks: IMKTA, NKTR, XOMA, YY

Ingles Markets Inc. (IMKTA)Chart for IMKTAOver the next 13 weeks, Ingles Markets Inc. has on average historically risen by 7.1% based on the past 30 years of stock performance.Ingles Markets Inc. has risen higher by an average 7.1% in 18 of those 30 years over the subsequent 13 week period,corresponding to a historical probability of 60%The holding period that leads to the greatest annualized return for Ingles Markets Inc., based on historical prices, is 1 week. Should Ingles Markets Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 42% could result.Nektar Therapeutics (NKTR)Chart for NKTROver the next 13 weeks, Nektar Therapeutics has on average historically risen by 13.9% based on the past 23 years of stock performance.Nektar Therapeutics has risen higher by an average 13.9% in 11 of those 23 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 Nektar Therapeutics, based on historical prices, is 1 week. Should Nektar Therapeutics stock move in the future similarly to its average historical movement over this duration, an annualized return of 192% could result.XOMA Corporation (XOMA)Chart for XOMAOver the next 13 weeks, XOMA Corporation has on average historically risen by 14.7% based on the past 31 years of stock performance.XOMA Corporation has risen higher by an average 14.7% in 12 of those 31 years over the subsequent 13 week period,corresponding to a historical probability of 38%The holding period that leads to the greatest annualized return for XOMA Corporation, based on historical prices, is 1 week. Should XOMA Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 160% could result.YY Inc. (YY)Chart for YYOver the next 13 weeks, YY Inc. has on average historically risen by 8% based on the past 5 years of stock … [Read More...]

Steve's Latest YouTube Videos

YouTube responded to TubePress with an HTTP 410 - No longer available