January 18th Daily Market Comments

A recovery day! Candlestick analysis provides a very clear signals and patterns to show a bullish trend or a bearish trend. Candlestick analysis also graphically reveals when there is no definitive trend analysis applicable. A recovery day, a day that offsets or partially offsets the preceding trading day that may have revealed a change of investor sentiment.

January 17th Daily Market Comments

Though this is creating exciting commentary from the financial talking heads, it also is an alert. Where do most people buy? Exuberantly at the top! Currently there are no signs of a bullish letup but Today’s gap up creates a high probability alert for the possibility of a profit-taking reversal. Utilize your 10 minute chart to watch for signs of selling. Especially if the market indexes start coming back down through today’s open. Remember, the Dow has moved up quickly from the 25,000 level to the 26,000 level. Be ready to take profits.

January 16th Daily Market Comments

Though this is creating exciting commentary from the financial talking heads, it also is an alert. Where do most people buy? Exuberantly at the top! Currently there are no signs of a bullish letup but Today’s gap up creates a high probability alert for the possibility of a profit-taking reversal. Utilize your 10 minute chart to watch for signs of selling. Especially if the market indexes start coming back down through today’s open. Remember, the Dow has moved up quickly from the 25,000 level to the 26,000 level. Be ready to take profits.

January 12th Daily Market Comments

Despite all the political rhetoric, the markets keep moving higher. However, evidence of exuberance is now showing up. Today the Dow and the S&P 500 gapped up in the overbought condition. This is usually a warning to start looking for profit-taking. Until then, stay long. Numerous J-hook patterns are working extremely well. With simple portfolio cultivation, there is really no reason why the vast majority of positions shouldn’t be showing profitability. The length and magnitude of this market trend warrants taking profits in sectors that have run their course and moving into other sectors.

Trending Stocks: ISRG, SRPT

ISRG (ISRG)

Chart for ISRG

Over the next 13 weeks, ISRG has on average historically risen by 4.9% based on the past 17 years of stock performance.

ISRG has risen higher by an average 4.9% in 11 of those 17 years over the subsequent 13 week period,corresponding to a historical probability of 64%

The holding period that leads to the greatest annualized return for ISRG, based on historical prices, is 49 weeks. Should ISRG stock move in the future similarly to its average historical movement over this duration, an annualized return of 51% could result.

Sarepta Therapeutics, Inc. (SRPT)

Chart for SRPT

Over the next 13 weeks, Sarepta Therapeutics, Inc. has on average historically risen by 10.4% based on the past 21 years of stock performance.

Sarepta Therapeutics, Inc. has risen higher by an average 10.4% in 11 of those 21 years over the subsequent 13 week period,corresponding to a historical probability of 52%

The holding period that leads to the greatest annualized return for Sarepta Therapeutics, Inc., based on historical prices, is 3 weeks. Should Sarepta Therapeutics, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 311% could result.

January 11th Daily Market Comments

What is the talking heads topic Today? That we are probably in the late stages of an economic cycle. Is this relevant? Could that not have been analyzed three months ago, six months ago, nine months ago? Do not listen to anybody’s opinion. This is why we recommend Trend Analysis.

January 10th Daily Market Comments

Were the markets going to exhibit some profit-taking today, tomorrow, Friday? It doesn’t matter! Candlestick analysis makes for very simple stop loss procedures. Those procedures do not involve numeric or percentage factors. The graphics of candlestick signals illustrate whether the Bulls or the Bears are in control. Candlestick stop loss levels are based upon the illustration of whether there has been a change of investor sentiment. This is especially relevant when prices move to an overbought condition. This is why we recommend Trend Analysis.

January 9th Daily Market Comments

Nothing has changed as far as the uptrend continuing. This allows for the identification of the sectors that are participating to the upside or the downside with the most strength. Today LABU has moved up strong indicating the biotech’s are probably an area for bullish trades. The prognosis remains the same. Stay predominantly long with the expectation of rotating out of sectors that are start to show weakness and moving into new strong buying of other sectors.

January 8th Daily Market Comments

Were the markets going to exhibit some profit-taking today, tomorrow, Friday? It doesn’t matter! Candlestick analysis makes for very simple stop loss procedures. Those procedures do not involve numeric or percentage factors. The graphics of candlestick signals illustrate whether the Bulls or the Bears are in control. Candlestick stop loss levels are based upon the illustration of whether there has been a change of investor sentiment. This is especially relevant when prices move to an overbought condition.

Trending Stocks: CMG, NVDA, ULTA

Chipotle Mexican (CMG)

Chart for CMG

Over the next 13 weeks, Chipotle Mexican has on average historically risen by 9.4% based on the past 11 years of stock performance.

Chipotle Mexican has risen higher by an average 9.4% in 8 of those 11 years over the subsequent 13 week period,corresponding to a historical probability of 72%

The holding period that leads to the greatest annualized return for Chipotle Mexican, based on historical prices, is 44 weeks. Should Chipotle Mexican stock move in the future similarly to its average historical movement over this duration, an annualized return of 54% could result.

Nvidia (NVDA)

Chart for NVDA

Over the next 13 weeks, Nvidia has on average historically risen by 22.6% based on the past 18 years of stock performance.

Nvidia has risen higher by an average 22.6% in 13 of those 18 years over the subsequent 13 week period,corresponding to a historical probability of 72%

The holding period that leads to the greatest annualized return for Nvidia, based on historical prices, is 1 week. Should Nvidia stock move in the future similarly to its average historical movement over this duration, an annualized return of 165% could result.

Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA)

Chart for ULTA

Over the next 13 weeks, Ulta Salon, Cosmetics & Fragrance, Inc. has on average historically risen by 4.5% based on the past 10 years of stock performance.

Ulta Salon, Cosmetics & Fragrance, Inc. has risen higher by an average 4.5% in 6 of those 10 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 Ulta Salon, Cosmetics & Fragrance, Inc., based on historical prices, is 1 week. Should Ulta Salon, Cosmetics & Fragrance, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 104% could result.


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