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.

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.

Trending Stocks: CRTO, LOXO, PBYI

Criteo S.A. (CRTO)

Chart for CRTO

Over 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 LOXO

Over 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 PBYI

Over 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.

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.

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.

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May 22nd Daily Market Comments

Today’s positive trading, as long as it stays positive going into the close, will bring all the indexes backup above the T-line. Although the indexes are still trading below the recent highs, they have recouped the dark candle created last Wednesday. A close above the T-line Today provides better insights into investment sentiment. The hard selloff of ¬†Wednesday appears to be a profit-taking day versus a major reversal of the market trend. There is nothing yet in the candlestick charts to indicate the uptrend is continuing, but it does reveal that any selling is being offset by the strength of bullish sentiment. Even if this creates more sideways/slow uptrend in the overall market, it will allow for candlestick chart patterns to perform with good strength based upon the lack of any selling pressure in the market. This is why we recommend Trend Analysis.

Trending Stocks: AERI, ATHN, CLVS, INCY, TSRO, VRTV

AERIE PHARMACEUTICALS (AERI)

Chart for AERI

Over the next 13 weeks, AERIE PHARMACEUTICALS has on average historically risen by 32.8% based on the past 3 years of stock performance.

AERIE PHARMACEUTICALS has risen higher by an average 32.8% 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 AERIE PHARMACEUTICALS, based on historical prices, is 7 weeks. Should AERIE PHARMACEUTICALS stock move in the future similarly to its average historical movement over this duration, an annualized return of 433% could result.

athenahealth, Inc. (ATHN)

Chart for ATHN

Over the next 13 weeks, athenahealth, Inc. has on average historically risen by 14.4% based on the past 9 years of stock performance.

athenahealth, Inc. has risen higher by an average 14.4% in 7 of those 9 years over the subsequent 13 week period,corresponding to a historical probability of 77%

The holding period that leads to the greatest annualized return for athenahealth, Inc., based on historical prices, is 11 weeks. Should athenahealth, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 72% could result.

Clovis Oncology, Inc. (CLVS)

Chart for CLVS

Over the next 13 weeks, Clovis Oncology, Inc. has on average historically risen by 19.6% based on the past 5 years of stock performance.

Clovis Oncology, Inc. has risen higher by an average 19.6% in 2 of those 5 years over the subsequent 13 week period,corresponding to a historical probability of 40%

The holding period that leads to the greatest annualized return for Clovis Oncology, Inc., based on historical prices, is 1 week. Should Clovis Oncology, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 434% could result.

Incyte Corporation (INCY)

Chart for INCY

Over the next 13 weeks, Incyte Corporation has on average historically risen by 5.2% based on the past 23 years of stock performance.

Incyte Corporation has risen higher by an average 5.2% 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 Incyte Corporation, based on historical prices, is 41 weeks. Should Incyte Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 130% could result.

Tesaro, Inc. (TSRO)

Chart for TSRO

Over the next 13 weeks, Tesaro, Inc. has on average historically risen by 40% based on the past 4 years of stock performance.

Tesaro, Inc. has risen higher by an average 40% in 3 of those 4 years over the subsequent 13 week period,corresponding to a historical probability of 75%

The holding period that leads to the greatest annualized return for Tesaro, Inc., based on historical prices, is 1 week. Should Tesaro, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 479% could result.

Veritiv Corp (VRTV)

Chart for VRTV

Over the next 13 weeks, Veritiv Corp has on average historically risen by 14.5% based on the past 2 years of stock performance.

Veritiv Corp has risen higher by an average 14.5% 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 Veritiv Corp, based on historical prices, is 1 week. Should Veritiv Corp stock move in the future similarly to its average historical movement over this duration, an annualized return of 293% could result.

May 19th Daily Market Comments

Today’s positive trading is making the T-line relevant for the NASDAQ and the S&P 500, the Dow is currently testing the 50 Day Moving Average. The markets need to close near the high end of the range to indicate Wednesday’s big draw down was merely emotional selling versus a dramatic change of investor sentiment. A close near the top end of today’s trading range is important for illustrating a recovery versus a temporary bounce after a strong sell signal. Based upon the nature of the market for the past three months, a new flat trading range could be developing, as seen in the sideways movement of the markets after a big move one way or the other. This still allows for candlestick patterns to work effectively. Currently there are numerous J-hook Patterns bouncing back up from the T-line.

May 18th Daily Market Comments

There is a better visual of RSI. That is the T-line. Watch how the individual charts that remained above the T-line in Yesterday’s sell off will likely have a much faster and stronger recovery than those that close well below the T-line Yesterday. Although the market is rebounding, be careful. It may merely be moving back up to the level it was trading prior to the final hour of panic selling. A close below the halfway point of Yesterday’s candle in the indexes would still illustrate the Bears are currently in control. The NASDAQ is currently the strongest index in today’s trading but still not yet back up to the halfway point of Yesterday’s candle. The indexes Gapping down from candlestick reversal signals demonstrates the strength of the selling. The downtrend need something dramatic to offset that message.

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