February 24th Daily Market Comments

The indecisive potential reversal signals of yesterday are experiencing weakness today as potentially anticipated.
The nature of today’s selling is indicated by the signal/formation today. Currently the indexes are showing indecisive selling, Doji days. The index that should provide the most valuable information today is the NASDAQ. It gap down below the T-line after yesterday’s left/right bearish combo. The NASDAQ is trading lower but above where it opened, illustrating buying is still present. However, it is currently trading at the T-line. It will be important to see if the NASDAQ and close backup above the T-line.UCTT is still confirming the scoop pattern breakout. AAOI should now be watched for profit-taking sell signals.

 

February 23rd Daily Market Comments

Although there is not yet any consistent selling in all the market indexes, there are signs of profit-taking. The NASDAQ clearly illustrates profit-taking approximately every 4 to 5 weeks. The current signs of weakness does not necessarily mean the overall uptrend has reversed, merely profit-taking/pullback to the T-line area is in progress. Crude oil is trading higher, creating strength in the oil stocks. Gold is trading higher adding strength to the gold sector. Sectors/individual stock charts remain the prominent criteria.

Trending Stocks: PLKI, RBA, ROG, SNI, THRM

POPEYES LOU KITCHEN INC (PLKI)

Chart for PLKI

Over the next 13 weeks, POPEYES LOU KITCHEN INC has on average historically risen by 4.1% based on the past 16 years of stock performance.

POPEYES LOU KITCHEN INC has risen higher by an average 4.1% in 10 of those 16 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 POPEYES LOU KITCHEN INC, based on historical prices, is 9 weeks. Should POPEYES LOU KITCHEN INC stock move in the future similarly to its average historical movement over this duration, an annualized return of 45% could result.

Ritchie Bros. Auctioneers Inc. (RBA)

Chart for RBA

Over the next 13 weeks, Ritchie Bros. Auctioneers Inc. has on average historically risen by 8.7% based on the past 18 years of stock performance.

Ritchie Bros. Auctioneers Inc. has risen higher by an average 8.7% 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 Ritchie Bros. Auctioneers Inc., based on historical prices, is 10 weeks. Should Ritchie Bros. Auctioneers Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 41% could result.

Rogers Corporation (ROG)

Chart for ROG

Over the next 13 weeks, Rogers Corporation has on average historically risen by 5.4% based on the past 33 years of stock performance.

Rogers Corporation has risen higher by an average 5.4% in 22 of those 33 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 Rogers Corporation, based on historical prices, is 6 weeks. Should Rogers Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 42% could result.

Scripps Networks (SNI)

Chart for SNI

Over the next 13 weeks, Scripps Networks has on average historically risen by 8.4% based on the past 8 years of stock performance.

Scripps Networks has risen higher by an average 8.4% in 5 of those 8 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 Scripps Networks, based on historical prices, is 6 weeks. Should Scripps Networks stock move in the future similarly to its average historical movement over this duration, an annualized return of 64% could result.

Gentherm Incorporated (THRM)

Chart for THRM

Over the next 13 weeks, Gentherm Incorporated has on average historically risen by 4.4% based on the past 23 years of stock performance.

Gentherm Incorporated has risen higher by an average 4.4% in 12 of those 23 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 Gentherm Incorporated, based on historical prices, is 2 weeks. Should Gentherm Incorporated stock move in the future similarly to its average historical movement over this duration, an annualized return of 118% could result.

February 22nd Daily Market Comments

The lack of strength in today’s markets is not yet any indication there has been a change of investor sentiment, however the hard selling in the transportation index is the first signs that bullish sentiment may be waning. A trend channel is becoming more evident in the transportation index, especially after some obvious candlestick sell signals that have developed over the past few days of trading. The overall trend of the markets has not yet been altered, but be ready to take some profits on signs of weakness.

February 21st Daily Market Comments

Numerous talking heads, on the TV financial stations, are expecting a pullback in the market. This is usually a good sign the uptrend is still in progress. Numerous bullish chart patterns are being formed, J-hook patterns and frypan bottom breakout’s. Continue to utilize the strong patterns. But be careful, keep in mind, profiting from a bull market does not mean you have become smarter.

Trending Stocks: CIR, NTES, QTWO, SAGE

CIRCOR International, Inc. (CIR)

Chart for CIR

Over the next 13 weeks, CIRCOR International, Inc. has on average historically risen by 11.3% based on the past 17 years of stock performance.

CIRCOR International, Inc. has risen higher by an average 11.3% in 12 of those 17 years over the subsequent 13 week period,corresponding to a historical probability of 70%

The holding period that leads to the greatest annualized return for CIRCOR International, Inc., based on historical prices, is 1 week. Should CIRCOR International, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 52% could result.

NetEase, Inc. (NTES)

Chart for NTES

Over the next 13 weeks, NetEase, Inc. has on average historically risen by 16.9% based on the past 16 years of stock performance.

NetEase, Inc. has risen higher by an average 16.9% in 11 of those 16 years over the subsequent 13 week period,corresponding to a historical probability of 68%

The holding period that leads to the greatest annualized return for NetEase, Inc., based on historical prices, is 50 weeks. Should NetEase, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 157% could result.

Q2 HLDGS INC (QTWO)

Chart for QTWO

Over the next 13 weeks, Q2 HLDGS INC has on average historically risen by 24.3% based on the past 2 years of stock performance.

Q2 HLDGS INC has risen higher by an average 24.3% in 2 of those 2 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 Q2 HLDGS INC, based on historical prices, is 1 week. Should Q2 HLDGS INC stock move in the future similarly to its average historical movement over this duration, an annualized return of 175% could result.

Sage Therapeutics, Inc. (SAGE)

Chart for SAGE

Over the next 13 weeks, Sage Therapeutics, Inc. has on average historically risen by 21.3% based on the past 2 years of stock performance.

Sage Therapeutics, Inc. has risen higher by an average 21.3% in 2 of those 2 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 Sage Therapeutics, Inc., based on historical prices, is 9 weeks. Should Sage Therapeutics, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 176% could result.

February 17th Daily Market Comments

Today’s profit-taking has indications of merely profit-taking. ¬†Currently the major indexes are trading at or above where they open, revealing that there is still buying occurring in the markets. It will not be unusual to see some backing and filling on a Friday before a three-day weekend. The important factor be to see if there is any indication there has been a major change of investor sentiment. If not, the uptrend in these markets continue to move in a bullish direction.

February 16th Daily Market Comments

Today’s backing and filling does not show any dramatic change of investor sentiment, merely profit-taking. The NASDAQ is pulled back and just touched the 3T line. The Dow almost hit the 3T line before starting to move up off the lows. Expects some profit-taking but unless there is an actual candlestick sell signal, the uptrend is still in progress.

Trending Stocks: AAOI, ACAD, CYNO, JLL, SCI, STRP

APPLIED OPTOELECTRONICS (AAOI)

Chart for AAOI

Over the next 13 weeks, APPLIED OPTOELECTRONICS has on average historically risen by 12.4% based on the past 3 years of stock performance.

APPLIED OPTOELECTRONICS has risen higher by an average 12.4% 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 APPLIED OPTOELECTRONICS, based on historical prices, is 2 weeks. Should APPLIED OPTOELECTRONICS stock move in the future similarly to its average historical movement over this duration, an annualized return of 868% could result.

ACADIA Pharmaceuticals, Inc. (ACAD)

Chart for ACAD

Over the next 13 weeks, ACADIA Pharmaceuticals, Inc. has on average historically risen by 22% based on the past 12 years of stock performance.

ACADIA Pharmaceuticals, Inc. has risen higher by an average 22% in 7 of those 12 years over the subsequent 13 week period,corresponding to a historical probability of 58%

The holding period that leads to the greatest annualized return for ACADIA Pharmaceuticals, Inc., based on historical prices, is 9 weeks. Should ACADIA Pharmaceuticals, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 140% could result.

Cynosure, Inc. (CYNO)

Chart for CYNO

Over the next 13 weeks, Cynosure, Inc. has on average historically risen by 12.3% based on the past 11 years of stock performance.

Cynosure, Inc. has risen higher by an average 12.3% in 6 of those 11 years over the subsequent 13 week period,corresponding to a historical probability of 54%

The holding period that leads to the greatest annualized return for Cynosure, Inc., based on historical prices, is 1 week. Should Cynosure, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 252% could result.

Jones Lang LaSalle Inc. (JLL)

Chart for JLL

Over the next 13 weeks, Jones Lang LaSalle Inc. has on average historically risen by 8.6% based on the past 19 years of stock performance.

Jones Lang LaSalle Inc. has risen higher by an average 8.6% in 10 of those 19 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 Jones Lang LaSalle Inc., based on historical prices, is 7 weeks. Should Jones Lang LaSalle Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 61% could result.

Service Corp. International (SCI)

Chart for SCI

Over the next 13 weeks, Service Corp. International has on average historically risen by 8.6% based on the past 29 years of stock performance.

Service Corp. International has risen higher by an average 8.6% in 21 of those 29 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 Service Corp. International, based on historical prices, is 16 weeks. Should Service Corp. International stock move in the future similarly to its average historical movement over this duration, an annualized return of 38% could result.

Straight Path Communications In (STRP)

Chart for STRP

Over the next 13 weeks, Straight Path Communications In has on average historically risen by 24.1% based on the past 3 years of stock performance.

Straight Path Communications In has risen higher by an average 24.1% 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 Straight Path Communications In, based on historical prices, is 2 weeks. Should Straight Path Communications In stock move in the future similarly to its average historical movement over this duration, an annualized return of 278% could result.

February 15th Daily Market Comments

The slow steady uptrend of the market continues to produce big profits from J-hook patterns and frypan bottom breakout’s. Crude oil inventories are up again, probably keeping crude oil prices in check. That sector may not have great movement, but the strong sectors can be easily identified. LABU continues to indicate the biotech’s are acting well. Mining stocks continue to act well. As long as the market does not show any major reversal, there are strong profits being made in the strong sectors.

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