September 19th Daily Market Comments

Nothing has changed in the trend of investor sentiment, a slow steady uptrend with the most obvious strength remaining in the Dow. The only caution is that the Dow has now had a trend move after it broke out through the wedge formation of the same magnitude of the last strong trend prior to the wedge formation. This would suggest profit-taking should start occurring relatively soon. Until there is evidence of profit-taking, continue to utilize the bullish candlestick charts until sell signals appear.

September 18th Daily Market Comments

Today’s Bullish trading continues the uptrend in the Dow but more importantly moves the NASDAQ into new high territory after Friday’s Bullish Engulfing Signal right on the T-line. The uptrend remains in progress until there is a definite reversal signal. This is making many of the candlestick patterns performing extremely profitably. IE. NVDA, SGMO, BLCM. Frypan Bottom patterns and J-hook patterns are producing very strong profits over the past few days of trading. Stay predominantly long.

Trending Stocks: BITA, CSOD, RARE

Bitauto Holdings Ltd. (BITA)

Chart for BITA

Over the next 13 weeks, Bitauto Holdings Ltd. has on average historically risen by 9.2% based on the past 6 years of stock performance.

Bitauto Holdings Ltd. has risen higher by an average 9.2% in 2 of those 6 years over the subsequent 13 week period,corresponding to a historical probability of 33%

The holding period that leads to the greatest annualized return for Bitauto Holdings Ltd., based on historical prices, is 52 weeks. Should Bitauto Holdings Ltd. stock move in the future similarly to its average historical movement over this duration, an annualized return of 103% could result.

Cornerstone OnDemand, Inc. (CSOD)

Chart for CSOD

Over the next 13 weeks, Cornerstone OnDemand, Inc. has on average historically fallen by 5.3% based on the past 6 years of stock performance.

Cornerstone OnDemand, Inc. has fallen lower by an average 5.3% in 4 of those 6 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 Cornerstone OnDemand, Inc., based on historical prices, is 50 weeks. Should Cornerstone OnDemand, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 24% could result.

ULTRAGENYX PHARMA (RARE)

Chart for RARE

Over the next 13 weeks, ULTRAGENYX PHARMA has on average historically fallen by 8.3% based on the past 3 years of stock performance.

ULTRAGENYX PHARMA has fallen lower by an average 8.3% in 2 of those 3 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 ULTRAGENYX PHARMA, based on historical prices, is 2 weeks. Should ULTRAGENYX PHARMA stock move in the future similarly to its average historical movement over this duration, an annualized return of 268% could result.

September 15th Daily Market Comments

Where do the most powerful candlestick formations occur? At obvious breakout levels everybody else is watching. J-hook Patterns off of obvious support levels i.e. BLCM. Best friend breakouts through resistance i.e. ABEO. McMuffin pattern off of support, through resistance, i.e. BGNE. Knowing what individual signals and patterns demonstrate as far as investor sentiment, and seeing them occur at obvious breakout levels allows candlestick investors to get into high profit/high probability trades set ups before everybody else. Add the fact that candlestick charts provide much more clarity as far as analyzing the overall market trend, as the current uptrend is clearly visible based upon the Dow breaking out through a wedge pattern and the NASDAQ forming a Kicker Signal off the T-line this past week, dramatically improves the probabilities of being in the right direction at the right time. Stay predominantly long.

September 14th Daily Market Comments

The market indexes opened lower today but now trading above where they opened, indicating after the initial selling on the open, the Bulls are still moving the current breakout trend in a positive direction. The candlestick patterns continue to work well, the Frypan Bottoms i.e. DVAX and the J-hook/Bobble Breakout Patterns i.e. CRC, AXTI. When the market trend acts with consistency, as seen after the Best Friend Breakout of the Dow, the High Profit Candlestick Signals and patterns produce high probability profitable trade set ups.

Trending Stocks: DIN, MTZ, PRGS, USG, W

DineEquity, Inc. (DIN)

Chart for DIN

Over the next 13 weeks, DineEquity, Inc. has on average historically risen by 6.2% based on the past 26 years of stock performance.

DineEquity, Inc. has risen higher by an average 6.2% in 18 of those 26 years over the subsequent 13 week period,corresponding to a historical probability of 69%

The holding period that leads to the greatest annualized return for DineEquity, Inc., based on historical prices, is 35 weeks. Should DineEquity, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 25% could result.

MasTec, Inc. (MTZ)

Chart for MTZ

Over the next 13 weeks, MasTec, Inc. has on average historically risen by 5.5% based on the past 45 years of stock performance.

MasTec, Inc. has risen higher by an average 5.5% in 20 of those 45 years over the subsequent 13 week period,corresponding to a historical probability of 44%

The holding period that leads to the greatest annualized return for MasTec, Inc., based on historical prices, is 19 weeks. Should MasTec, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 34% could result.

Progress Software Corp. (PRGS)

Chart for PRGS

Over the next 13 weeks, Progress Software Corp. has on average historically risen by 9.8% based on the past 26 years of stock performance.

Progress Software Corp. has risen higher by an average 9.8% in 20 of those 26 years over the subsequent 13 week period,corresponding to a historical probability of 76%

The holding period that leads to the greatest annualized return for Progress Software Corp., based on historical prices, is 1 week. Should Progress Software Corp. stock move in the future similarly to its average historical movement over this duration, an annualized return of 84% could result.

USG Corporation (USG)

Chart for USG

Over the next 13 weeks, USG Corporation has on average historically risen by 5.6% based on the past 24 years of stock performance.

USG Corporation has risen higher by an average 5.6% in 15 of those 24 years over the subsequent 13 week period,corresponding to a historical probability of 62%

The holding period that leads to the greatest annualized return for USG Corporation, based on historical prices, is 2 weeks. Should USG Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 67% could result.

Wayfair Inc (W)

Chart for W

Over the next 13 weeks, Wayfair Inc has on average historically risen by 8.2% based on the past 2 years of stock performance.

Wayfair Inc has risen higher by an average 8.2% 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 Wayfair Inc, based on historical prices, is 3 weeks. Should Wayfair Inc stock move in the future similarly to its average historical movement over this duration, an annualized return of 91% could result.


September 13th Daily Market Comments

Although the indexes are trading relatively flat today, candlestick formations reveal that they are trading above where they opened. This graphically illustrates that there is still buying occurring. Continue to stay long as long as the indexes remain above the T-line, as well as the 3T-line. The breakout through the resistance levels on Monday still provide visual evidence that there is new Bullish sentiment in the market trend. Stay predominantly long.

September 12th Daily Market Comments

Although the market indexes are trading positive, they appear to be slightly indecisive Today. The S&P 500 is currently forming a Doji, the NASDAQ opened higher but is trading lower than where it opened, indicating some problem getting through the upper resistance level. The Bullish sentiment is still in this market. Some consolidation after Yesterday’s strong trading day is to be expected. Continue to stay predominantly long with the market indexes breaking out through resistance levels. Any short positions should have compelling reasons to stay short. This is why we recommend Trend Analysis.

Trending Stocks: CAB, EDU, GWRE, RH, TWOU

Cabela’s Inc. (CAB)

Chart for CAB

Over the next 13 weeks, Cabela’s Inc. has on average historically fallen by 4.5% based on the past 13 years of stock performance.

Cabela’s Inc. has fallen lower by an average 4.5% in 9 of those 13 years over the subsequent 13 week period,corresponding to a historical probability of 69%

The holding period that leads to the greatest annualized return for Cabela’s Inc., based on historical prices, is 3 weeks. Should Cabela’s Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 31% could result.

New Oriental Education & Technology Group Inc. (EDU)

Chart for EDU

Over the next 13 weeks, New Oriental Education & Technology Group Inc. has on average historically risen by 14.8% based on the past 10 years of stock performance.

New Oriental Education & Technology Group Inc. has risen higher by an average 14.8% 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 New Oriental Education & Technology Group Inc., based on historical prices, is 1 week. Should New Oriental Education & Technology Group Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 162% could result.

Guidewire Software, Inc. (GWRE)

Chart for GWRE

Over the next 13 weeks, Guidewire Software, Inc. has on average historically risen by 6% based on the past 5 years of stock performance.

Guidewire Software, Inc. has risen higher by an average 6% 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 Guidewire Software, Inc., based on historical prices, is 2 weeks. Should Guidewire Software, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 58% could result.

Restoration Hardware Holdings, Inc. (RH)

Chart for RH

Over the next 13 weeks, Restoration Hardware Holdings, Inc. has on average historically risen by 5.7% based on the past 4 years of stock performance.

Restoration Hardware Holdings, Inc. has risen higher by an average 5.7% in 4 of those 4 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 Restoration Hardware Holdings, Inc., based on historical prices, is 1 week. Should Restoration Hardware Holdings, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 114% could result.

2U INC (TWOU)

Chart for TWOU

Over the next 13 weeks, 2U INC has on average historically fallen by 13% based on the past 3 years of stock performance.

2U INC has fallen lower by an average 13% 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 2U INC, based on historical prices, is 50 weeks. Should 2U INC stock move in the future similarly to its average historical movement over this duration, an annualized return of 45% could result.

September 11th Daily Market Comments

What is the major criteria for successful investing? Being able to recognize the best signals for illustrating price movement, and then utilizing the emotional control to take advantage of that analysis. Today’s positive trading in the markets is forming a best friend signal in the Dow, which is now nudging the top of the wedge formation resistance. The NASDAQ has formed a Kicker Signal, proceeding toward the top recent highs/resistance level. This makes bullish chart patterns working profitably while bearish charts need to be scrutinized. Successful investing incorporates having good analytical tools, candlestick signals and patterns, and then acting upon those tools with the appropriate decisions, not emotional expectations. Look for the markets to try to breakout into new territory based upon Today’s strength. This is why we recommend Trend Analysis.

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