March 24th Daily Market Comments

Today’s healthcare vote remains the prominent influence of the market movement. With the market not moving with any great decisiveness yet, each individual stock chart remains the predominant evaluation. Biotech stocks continue to act well. Gold stocks are attempting to hold up, oil stocks are still in downtrends. Each sector needs to be evaluated.

March 23rd Daily Market Comments

The market direction is definitely a function of whether the healthcare vote is going to be positive, negative, or postponed. Yesterday’s Doji in the Dow and S&P 500 occurred on a downtrending support line. Today’s positive trading has the inkling of moving back up to test the T-line. However, the reactionary move is still going to be predicated upon the number of likely votes for or against a new healthcare plan. Stay diligent.

Trending Stocks: ESPR, JAZZ, LJPC

ESPERION THERAPEUTICS (ESPR)

Chart for ESPR

Over the next 13 weeks, ESPERION THERAPEUTICS has on average historically fallen by 6.3% based on the past 3 years of stock performance.

ESPERION THERAPEUTICS has fallen lower by an average 6.3% in 1 of those 3 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 ESPERION THERAPEUTICS, based on historical prices, is 52 weeks. Should ESPERION THERAPEUTICS stock move in the future similarly to its average historical movement over this duration, an annualized return of 125% could result.

Jazz Pharmaceuticals plc (JAZZ)

Chart for JAZZ

Over the next 13 weeks, Jazz Pharmaceuticals plc has on average historically risen by 30% based on the past 9 years of stock performance.

Jazz Pharmaceuticals plc has risen higher by an average 30% in 5 of those 9 years over the subsequent 13 week period,corresponding to a historical probability of 55%

The holding period that leads to the greatest annualized return for Jazz Pharmaceuticals plc, based on historical prices, is 24 weeks. Should Jazz Pharmaceuticals plc stock move in the future similarly to its average historical movement over this duration, an annualized return of 232% could result.

La Jolla Pharmaceutical Company (LJPC)

Chart for LJPC

Over the next 13 weeks, La Jolla Pharmaceutical Company has on average historically fallen by 12.9% based on the past 5 years of stock performance.

La Jolla Pharmaceutical Company has fallen lower by an average 12.9% in 5 of those 5 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 La Jolla Pharmaceutical Company, based on historical prices, is 52 weeks. Should La Jolla Pharmaceutical Company stock move in the future similarly to its average historical movement over this duration, an annualized return of 93% could result.

March 22nd Daily Market Comments

Today’s current selling is the expected follow-through after yesterday’s bearish left right combo. The political rumblings of Washington is the main excuse. The current downtrend could take the Dow and S&P 500 and NASDAQ down to test the 50 day moving average. This would also be the approximate 50% retracement of the last trend based upon Fibonacci numbers. Expects some more downside, obviously short positions should have stronger relevance.

March 21st Daily Market Comments

After opening positive today, the market indexes have sold off dramatically, creating a bearish left/right combo that needs to be acknowledged. This strong sell signal will be very relevant if the markets close at the low end of their trading range today. But keep in mind, the day is not over. A close backup above the T-line would indicate the trend is continuing the uptrend. However, even a close above the T-line but below yesterday’s close would still produce a substantial potential reversal signal, a hanging man signal. Be ready to close out long positions today unless there is a dramatic reversal in the current trading, taking the market indexes back up toward today’s open.

March 20th Daily Market Comments

Today’s trading is not showing any change of investor sentiment. The Dow and the NASDAQ continue to form a slow curve/J-hook pattern illustrating the T-line is acting as the support level. Overall, there is no evidence of any selling pressure, which indicates the current uptrend remains in progress. The lack of any dramatic bullish or bearish pressure on the overall market is allowing current strong trending stocks, either bullish or bearish, to continue their trends. The predominant analysis remains staying long or staying short in trends that remain above or below the T-line.

Trending Stocks: BAS, CLVS, REN, SLCA

Basic Energy Services, Inc. (BAS)

Chart for BAS

Over the next 13 weeks, Basic Energy Services, Inc. has on average historically risen by 10.8% based on the past 11 years of stock performance.

Basic Energy Services, Inc. has risen higher by an average 10.8% in 7 of those 11 years over the subsequent 13 week period,corresponding to a historical probability of 63%

The holding period that leads to the greatest annualized return for Basic Energy Services, Inc., based on historical prices, is 1 week. Should Basic Energy Services, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 281% could result.

Clovis Oncology, Inc. (CLVS)

Chart for CLVS

Over the next 13 weeks, Clovis Oncology, Inc. has on average historically risen by 17.1% based on the past 5 years of stock performance.

Clovis Oncology, Inc. has risen higher by an average 17.1% 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 28 weeks. Should Clovis Oncology, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 93% could result.

Resolute Energy Corporation (REN)

Chart for REN

Over the next 13 weeks, Resolute Energy Corporation has on average historically risen by 8.1% based on the past 9 years of stock performance.

Resolute Energy Corporation has risen higher by an average 8.1% in 5 of those 9 years over the subsequent 13 week period,corresponding to a historical probability of 55%

The holding period that leads to the greatest annualized return for Resolute Energy Corporation, based on historical prices, is 46 weeks. Should Resolute Energy Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 158% could result.

U.S. Silica Holdings, Inc. (SLCA)

Chart for SLCA

Over the next 13 weeks, U.S. Silica Holdings, Inc. has on average historically risen by 13.4% based on the past 5 years of stock performance.

U.S. Silica Holdings, Inc. has risen higher by an average 13.4% in 3 of those 5 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 U.S. Silica Holdings, Inc., based on historical prices, is 2 weeks. Should U.S. Silica Holdings, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 171% could result.


March 17th Daily Market Comments

What are the candlestick charts indicating as far as the market trend? Because we can recognize the potential of a J-hook pattern, it can be implied that investor sentiment is still relatively bullish or at least not showing any signs of bearish sentiment. Currently the indecisive trading in today’s market, although not showing any buying strength, is still not altering an observable pattern. Having this visual knowledge, witnessing the trading remaining above the T-line, allows investors to maintain and/or add bullish positions based upon strong candlestick charts. As long as the indexes remain above the T-line, the probabilities tell us the uptrend is still in progress.

March 16th Daily Market Comments

What is the nature of the market trend? Although today’s trading is not showing the resiliency that was seen in yesterday’s trading, the market indexes are showing patterns that are easily identifiable. The Dow, S&P 500, and the NASDAQ are all in the process of setting up a bullish J-hook pattern. The lack of aggressive bullish sentiment on any particular day does not offset the information provided in the candlestick pattern. These candlestick signals are clearly defined in our free 12 Major Candlestick Signals. It actually illustrates there is no exuberance in this market uptrend. This creates a much more solid, less whipsawing, market trend. Continue to stay long with some short positions in the portfolio.

Trending Stocks: CLVS, GDOT, KMG, OFIX, REN

Clovis Oncology, Inc. (CLVS)

Chart for CLVS

Over the next 13 weeks, Clovis Oncology, Inc. has on average historically risen by 17.1% based on the past 5 years of stock performance.

Clovis Oncology, Inc. has risen higher by an average 17.1% 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 28 weeks. Should Clovis Oncology, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 93% could result.

Green Dot Corporation (GDOT)

Chart for GDOT

Over the next 13 weeks, Green Dot Corporation has on average historically fallen by 9.7% based on the past 6 years of stock performance.

Green Dot Corporation has fallen lower by an average 9.7% 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 Green Dot Corporation, based on historical prices, is 17 weeks. Should Green Dot Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 1% could result.

KMG Chemicals Inc. (KMG)

Chart for KMG

Over the next 13 weeks, KMG Chemicals Inc. has on average historically risen by 13.1% based on the past 20 years of stock performance.

KMG Chemicals Inc. has risen higher by an average 13.1% in 12 of those 20 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 KMG Chemicals Inc., based on historical prices, is 1 week. Should KMG Chemicals Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 124% could result.

Orthofix International N.V. (OFIX)

Chart for OFIX

Over the next 13 weeks, Orthofix International N.V. has on average historically risen by 9.5% based on the past 24 years of stock performance.

Orthofix International N.V. has risen higher by an average 9.5% in 13 of those 24 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 Orthofix International N.V., based on historical prices, is 3 weeks. Should Orthofix International N.V. stock move in the future similarly to its average historical movement over this duration, an annualized return of 61% could result.

Resolute Energy Corporation (REN)

Chart for REN

Over the next 13 weeks, Resolute Energy Corporation has on average historically risen by 8.1% based on the past 9 years of stock performance.

Resolute Energy Corporation has risen higher by an average 8.1% in 5 of those 9 years over the subsequent 13 week period,corresponding to a historical probability of 55%

The holding period that leads to the greatest annualized return for Resolute Energy Corporation, based on historical prices, is 46 weeks. Should Resolute Energy Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 158% could result.


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