April 12th Daily Marker Comments

The indexes have been trading below the T-line for the past 4 to 5 trading days. But each day has been a very indecisive trading day, Doji’s. The sideways motion of the market would be obvious when analyzing any chart, however a candlestick chart provides additional evidence that the sideways motion of the market is including indecisive trading days. This clearly reveals there is no conviction from either the Bulls or the Bears. What should this be telling us? To be prepared for a dramatic move, usually indicated by a gap one way or the other. Although the market direction is not doing anything, be ready.

April 11th Daily Market Comments

If the markets close near the low end of their trading range, it will reveal that the indecisive trading over the past two weeks at the T-line was acting as a resistance level. The 50 day moving average has been acting as support. But if the Dow closes below the 50 day moving average, a downtrending channel will remain in progress. The NASDAQ is currently trading below the T-line and at the 50 day moving average. The indecisiveness/weakness of the markets are being blamed upon the lack of scheduling for tax cuts. Many long positions are showing a lack of bullish conviction whereas the short recommendations continue to move lower with more enthusiasm.

Trending Stocks: HOFT, JAZZ, SQM, STZ

Hooker Furniture Corp. (HOFT)

Chart for HOFT

Over the next 13 weeks, Hooker Furniture Corp. has on average historically fallen by 5.6% based on the past 14 years of stock performance.

Hooker Furniture Corp. has fallen lower by an average 5.6% in 9 of those 14 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 Hooker Furniture Corp., based on historical prices, is 3 weeks. Should Hooker Furniture Corp. stock move in the future similarly to its average historical movement over this duration, an annualized return of 30% could result.

Jazz Pharmaceuticals plc (JAZZ)

Chart for JAZZ

Over the next 13 weeks, Jazz Pharmaceuticals plc has on average historically risen by 34.4% based on the past 9 years of stock performance.

Jazz Pharmaceuticals plc has risen higher by an average 34.4% in 6 of those 9 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 Jazz Pharmaceuticals plc, based on historical prices, is 22 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.

Sociedad Quimica y Minera De Chile S.A. (SQM)

Chart for SQM

Over the next 13 weeks, Sociedad Quimica y Minera De Chile S.A. has on average historically risen by 7.3% based on the past 23 years of stock performance.

Sociedad Quimica y Minera De Chile S.A. has risen higher by an average 7.3% 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 Sociedad Quimica y Minera De Chile S.A., based on historical prices, is 1 week. Should Sociedad Quimica y Minera De Chile S.A. stock move in the future similarly to its average historical movement over this duration, an annualized return of 91% could result.

Constellation Bra (STZ)

Chart for STZ

Over the next 13 weeks, Constellation Bra has on average historically risen by 7.4% based on the past 25 years of stock performance.

Constellation Bra has risen higher by an average 7.4% in 18 of those 25 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 Constellation Bra, based on historical prices, is 14 weeks. Should Constellation Bra stock move in the future similarly to its average historical movement over this duration, an annualized return of 32% could result.

April 10th Daily Market Comments

Today’s positive trading in the Dow is clearly reflective of the support at the 50 day moving average. The NASDAQ is still demonstrating reasonable strength, moving somewhat sideways over the past few weeks but still showing bullish signs as the trend stays within reasonable range of the recent highs. Note that today’s trading has been a very slow and consistent move to the upside, continuing to reveal there is no exuberance yet experienced in this steady uptrend. A good strategy remains having predominantly long positions in the portfolio with a few short positions.

April 7th Daily Market Comments

The markets are absolutely flat. What does this tell us about investor sentiment? Usually absolutely nothing, no bullish force or bearish force. However, the lack of selling today does have some significant information. A missile launch in Syria, a terrorist attack in Sweden, much lower job numbers than expected, and this information is not creating any selling in the market. The lack of selling on potentially bad news is taking into account the overall bullish confidence that is building up in the American economy. The bullish charts are still working, the bearish charts are still working. This is why it’s important to project price targets.

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April 6th Daily Market Comments

The indecisive nature of the market continues, illustrated by the waffling/sideways trading of the indexes above and below the T line. Many people ask, “What does it mean when you see the waffling at the        T-line? How does that help you?” The answer is very simple. It means there is no decisive direction in investor sentiment. Candlestick charts allow you to recognize when it is time to be long or short. Candlestick charts also tell you when there is no market trend, creating a different trading strategy. Either have both longs and shorts in the portfolio, or conserve your cash until the market shows a definite bullish or bearish price move. Currently, most bullish charts are not showing any dramatic upward price move, merely slow waffling uptrends.

Trending Stocks: GNCMA, LVNTA, REN

General Communication Inc. (GNCMA)

Chart for GNCMA

Over the next 13 weeks, General Communication Inc. has on average historically risen by 7.1% based on the past 21 years of stock performance.

General Communication Inc. has risen higher by an average 7.1% in 14 of those 21 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 General Communication Inc., based on historical prices, is 13 weeks. Should General Communication Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 28% could result.

Liberty Interactive Corporation (LVNTA)

Chart for LVNTA

Over the next 13 weeks, Liberty Interactive Corporation has on average historically risen by 6% based on the past 4 years of stock performance.

Liberty Interactive Corporation has risen higher by an average 6% in 2 of those 4 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 Liberty Interactive Corporation, based on historical prices, is 48 weeks. Should Liberty Interactive Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 34% could result.

Resolute Energy Corporation (REN)

Chart for REN

Over the next 13 weeks, Resolute Energy Corporation has on average historically risen by 5.1% based on the past 9 years of stock performance.

Resolute Energy Corporation has risen higher by an average 5.1% 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 2 weeks. Should Resolute Energy Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 373% could result.

April 5th Daily Market Comments

Yesterday’s left/right combo in the Dow, after the previous day’s hammer/Doji supported at the 50 day moving average, made for very simple trend analysis. A positive open today would be confirmation of the left/right combo. This candlestick pattern produces a very high probability trend result. The confirmation of a gap up is a very strong indication investor sentiment is ready to take the market higher provided the markets close near the high end of the trading range today. Stay predominantly long. Expect more upside.

April 4th Daily Market Comments

The market indexes are obviously not going up and they’re not going down, currently the Dow is trading slightly positive while the NASDAQ is trading slightly negative. The operative word is slightly. The Dow and S&P 500 are trading between the T-line and the 50 day moving average, sideways. The NASDAQ is trading just above the T-line but has an obvious resistance level at the recent highs. Until there is a major break one way or the other, each individual stock chart remains the prominent evaluation factor.

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