November 7th Daily Market Comments

Today’s trading is not showing any change of trend/investor sentiment. However there is an interesting formation and the transportation index. It is currently forming and inverted hammer signal right on the 50 day moving average. It is still early in the day but watch this index. A bounce up off the 50 day moving average creating wave three would be a strong indication that the uptrend in all the market indexes will remain in progress. The prognosis remains the same, stay predominantly long and have a few short positions in the portfolio.

November 6th Daily Market Comments

The markets continue to show slow bullish strength. The big stocks,NVDA, AMZN, AAPL are maintaining steady bullish uptrends. Pattern breakouts are working, such as wedge breakouts in NFLX and ZYNE. As long as the overall market trend continues its steady but slow uptrend, the big profits are going to be made in pattern breakouts. Continue to stay predominantly long and maintain the short positions i.e. WATT as long as It does not demonstrate bullish reversal signals.

Trending Stocks: AFAM, AMED, FMI, JUNO, NBIX, ZEN

Almost Family Inc. (AFAM)

Chart for AFAM

Over the next 13 weeks, Almost Family Inc. has on average historically risen by 14.8% based on the past 30 years of stock performance.

Almost Family Inc. has risen higher by an average 14.8% in 21 of those 30 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 Almost Family Inc., based on historical prices, is 2 weeks. Should Almost Family Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 141% could result.

Amedisys Inc. (AMED)

Chart for AMED

Over the next 13 weeks, Amedisys Inc. has on average historically risen by 8.6% based on the past 23 years of stock performance.

Amedisys Inc. has risen higher by an average 8.6% 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 Amedisys Inc., based on historical prices, is 2 weeks. Should Amedisys Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 107% could result.

FOUNDATION MEDICINE INC (FMI)

Chart for FMI

Over the next 13 weeks, FOUNDATION MEDICINE INC has on average historically fallen by 19% based on the past 4 years of stock performance.

FOUNDATION MEDICINE INC has fallen lower by an average 19% 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 FOUNDATION MEDICINE INC, based on historical prices, is 22 weeks. Should FOUNDATION MEDICINE INC stock move in the future similarly to its average historical movement over this duration, an annualized return of 87% could result.

Juno Therapeutics (JUNO)

Chart for JUNO

Over the next 13 weeks, Juno Therapeutics has on average historically fallen by 32.8% based on the past 2 years of stock performance.

Juno Therapeutics has fallen lower by an average 32.8% 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 Juno Therapeutics, based on historical prices, is 3 weeks. Should Juno Therapeutics stock move in the future similarly to its average historical movement over this duration, an annualized return of 111% could result.

Neurocrine Biosciences Inc. (NBIX)

Chart for NBIX

Over the next 13 weeks, Neurocrine Biosciences Inc. has on average historically risen by 28.5% based on the past 21 years of stock performance.

Neurocrine Biosciences Inc. has risen higher by an average 28.5% in 13 of those 21 years over the subsequent 13 week period,corresponding to a historical probability of 61%

The holding period that leads to the greatest annualized return for Neurocrine Biosciences Inc., based on historical prices, is 13 weeks. Should Neurocrine Biosciences Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 114% could result.

ZENDESK INC (ZEN)

Chart for ZEN

Over the next 13 weeks, ZENDESK INC has on average historically risen by 6.9% based on the past 3 years of stock performance.

ZENDESK INC has risen higher by an average 6.9% 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 ZENDESK INC, based on historical prices, is 2 weeks. Should ZENDESK INC stock move in the future similarly to its average historical movement over this duration, an annualized return of 165% could result.

November 3rd Daily Market Comments

Nothing has been changed, today’s relatively flat trading in the markets are demonstrating the uptrend remains in progress. This has made some candlestick breakouts very profitable. JUNO and BLUE have produced some big gains due to the bullish flutter kicker. Breakout patterns produce much stronger gains when it can be analyzed that the overall market is not showing any dramatic change of direction. The slow market movement still makes having both long and short positions in the portfolio of viable trading strategy.

 

November 2nd Daily Market Comments

The devil may be in the details! Everybody anticipates the tax cuts should boost the market, but the details of the tax cut may throw the politicians into a tizzy. The anticipation of how hard it will be to get the tax bill passed may have a deterrent on the market trend. This still requires attention to each individual stock chart, with long positions not demonstrating reversal signals and staying above the T-line while short positions should not be demonstrating buy signals and a close backup above the T-line. This needs to be watched more diligently based upon the potential of political rhetoric whipsawing the markets. Be ready to go more into cash if the markets start showing choppy reactions of political blubbering.

November 1st Daily Market Comments

The tax plan delayed for a day, bad? Today’s bullish trading in the markets may be the acknowledgment that a tax plan is about ready to be presented. Whatever the reason, it doesn’t matter. The markets continue to demonstrate bullish sentiment. Is this exuberance at the top? Less likely, due to the fact that the S&P 500 and the Dow have been in a sideways consolidation for the past week and a half. If today’s bullish trading remains strong going into the close, that would indicate the next leg of the uptrend is likely in progress. The trading strategy remains the same. Stay predominantly long but have some short positions in the portfolio as a safety factor. There are numerous chart patterns providing good trades in both directions.

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October 30th Daily Market Comments

The market trend analysis remains the same. Specific stocks and sectors continue to act well based upon the strength of individual stock chart candlestick patterns. The NASDAQ continues the uptrend, the S&P 500 and the Dow are still in a sideways mode and the transportation index is drifting lower. This illustrates merely the shifting of funds from sector to sector, oil stocks remain strong while retail stocks are trading lower. This allows for having both long and short positions in the portfolio working profitably.

Trending Stocks: AET, BWLD, FCN, GPI, OSTK, RUSHA, TREE

Aetna (AET)

Chart for AET

Over the next 13 weeks, Aetna has on average historically risen by 6.7% based on the past 40 years of stock performance.

Aetna has risen higher by an average 6.7% in 29 of those 40 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 Aetna, based on historical prices, is 8 weeks. Should Aetna stock move in the future similarly to its average historical movement over this duration, an annualized return of 33% could result.

Buffalo Wild Wings Inc. (BWLD)

Chart for BWLD

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

Buffalo Wild Wings Inc. has risen higher by an average 5.5% in 7 of those 13 years over the subsequent 13 week period,corresponding to a historical probability of 53%

The holding period that leads to the greatest annualized return for Buffalo Wild Wings Inc., based on historical prices, is 1 week. Should Buffalo Wild Wings Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 57% could result.

FTI Consulting, Inc. (FCN)

Chart for FCN

Over the next 13 weeks, FTI Consulting, Inc. has on average historically risen by 8.3% based on the past 21 years of stock performance.

FTI Consulting, Inc. has risen higher by an average 8.3% in 16 of those 21 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 FTI Consulting, Inc., based on historical prices, is 6 weeks. Should FTI Consulting, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 53% could result.

Group 1 Automotive Inc. (GPI)

Chart for GPI

Over the next 13 weeks, Group 1 Automotive Inc. has on average historically risen by 7.4% based on the past 19 years of stock performance.

Group 1 Automotive Inc. has risen higher by an average 7.4% in 12 of those 19 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 Group 1 Automotive Inc., based on historical prices, is 30 weeks. Should Group 1 Automotive Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 42% could result.

Overstock.com Inc. (OSTK)

Chart for OSTK

Over the next 13 weeks, Overstock.com Inc. has on average historically risen by 13.2% based on the past 18 years of stock performance.

Overstock.com Inc. has risen higher by an average 13.2% in 8 of those 18 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 Overstock.com Inc., based on historical prices, is 20 weeks. Should Overstock.com Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 2374% could result.

Rush Enterprises, (RUSHA)

Chart for RUSHA

Over the next 13 weeks, Rush Enterprises, has on average historically risen by 10.3% based on the past 15 years of stock performance.

Rush Enterprises, has risen higher by an average 10.3% in 9 of those 15 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 Rush Enterprises,, based on historical prices, is 3 weeks. Should Rush Enterprises, stock move in the future similarly to its average historical movement over this duration, an annualized return of 125% could result.

Tree.Com, Inc. (TREE)

Chart for TREE

Over the next 13 weeks, Tree.Com, Inc. has on average historically risen by 19.5% based on the past 9 years of stock performance.

Tree.Com, Inc. has risen higher by an average 19.5% in 8 of those 9 years over the subsequent 13 week period,corresponding to a historical probability of 88%

The holding period that leads to the greatest annualized return for Tree.Com, Inc., based on historical prices, is 4 weeks. Should Tree.Com, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 130% could result.

October 30th Daily Market Comments

The market indexes still do not show any change of investor sentiment. Although the Dow and S&P 500 are trading lower Today, they are trading indecisively, Doji days so far. The NASDAQ is trading positive, further confirming the best friend signal of last week. The biggies such as AMZN, NVDA , NFLX continue to trade higher, indicating bullish sentiment has not yet left the markets. Simple trend analysis, the uptrend remains in progress as long as they continue to trade above the T-line. The oil sector is acting strong, with good bullish signals.