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May 26th Daily Market Comments

It is not unexpected to see some consolidation in the markets after a good strong bullish week, going into a long weekend. However, the consolidation does not illustrate any weakness or pullback, merely flat trading on the day. This does not deter any of the candlestick bullish charts from continuing their trends. The uptrend remains in progress, especially after Gapping up into new territory Yesterday through obvious resistance levels. Use the T-line as your ultimate trend indicator. … [Read More...]

May 25th Daily Market Comments

Today's positive trading in the markets has great relevancy. It has gapped the indexes up through recent high/obvious resistance levels. As long as the market indexes stay above the breakout levels, the prospects of another wave to the upside is highly likely. The big selling day of last week is now viewed as a profit-taking day versus a breakdown of investor sentiment. These market conditions are allowing the strong candlestick charts to perform with excessive profitability. … [Read More...]

Trending Stocks: CRTO, LOXO, PBYI

Criteo S.A. (CRTO)Chart for CRTOOver the next 13 weeks, Criteo S.A. has on average historically fallen by 12.2% based on the past 3 years of stock performance.Criteo S.A. has fallen lower by an average 12.2% in 3 of those 3 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 Criteo S.A., based on historical prices, is 6 weeks. Should Criteo S.A. stock move in the future similarly to its average historical movement over this duration, an annualized return of 44% could result.Loxo Oncology, Inc. (LOXO)Chart for LOXOOver the next 13 weeks, Loxo Oncology, Inc. has on average historically risen by 20.8% based on the past 2 years of stock performance.Loxo Oncology, Inc. has risen higher by an average 20.8% in 1 of those 2 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 Loxo Oncology, Inc., based on historical prices, is 4 weeks. Should Loxo Oncology, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 368% could result.Puma Biotechnology, Inc. (PBYI)Chart for PBYIOver the next 13 weeks, Puma Biotechnology, Inc. has on average historically risen by 52.4% based on the past 5 years of stock performance.Puma Biotechnology, Inc. has risen higher by an average 52.4% in 4 of those 5 years over the subsequent 13 week period,corresponding to a historical probability of 80%The holding period that leads to the greatest annualized return for Puma Biotechnology, Inc., based on historical prices, is 1 week. Should Puma Biotechnology, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 264% could result. … [Read More...]

May 24th Daily Market Comments

Today's market trading produces the same analysis as the past few days, the indexes remain above the T-line but without any dramatic buying and/or selling pressure. The uptrend in many Bullish stock prices is persistent but with backing and filling/profit-taking as the trends move higher. The T-line still remains a valuable trend indicator in slow upward waffling type moves. Stay predominantly long but having a few short positions in the portfolio is still going to produce profits. The indexes are approaching recent highs, making a breach of those levels a prospective J-hook Pattern Bullish confirmation. … [Read More...]

May 23rd Daily Market Comments

Although there has been indecisive trading Today, the markets are not showing any selling pressure. The markets may not be showing any extravagant buying pressure but the fact that the indexes are still trading slightly positive and trading above the T-line continues to demonstrate the overall market is not moving one way or the other. These market conditions allow the candlestick signals and patterns to produce profits based upon investor sentiment in each individual stock/sector. Use each individual stock chart as the main criteria. … [Read More...]

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