January 6th Daily Market Comments

The T-line continues to act as a strong support for the market indexes. The NASDAQ is showing the most strength as it is moving into new high territory. Strong candlestick signals are still showing where the high probability trades set ups are occurring. AMZN did a best friend signal yesterday with the trading moving up through the top of the wedge formation, a pattern breakout using the information provided by candlestick signals. Stay predominantly long with the anticipation of the indexes breaking into new high territory, a J-hook pattern indicating much more upside.

January 5th Daily Market Comments

The Dow and S&P 500 are down slightly, the NASDAQ is up slightly. What does this indicate as far as investor sentiment? Nothing! No major change of investor sentiment, no major change of the current trend. Merely money shifting from sector to sector.  The gold and oil sector still remain strong.

Trending Stocks: NEM, AEM

Agnico-Eagle Mines Ltd. (AEM)

Chart for AEM

Over the next 13 weeks, Agnico-Eagle Mines Ltd. has on average historically risen by 9.7% based on the past 33 years of stock performance.

Agnico-Eagle Mines Ltd. has risen higher by an average 9.7% in 23 of those 33 years over the subsequent 13 week period,corresponding to a historical probability of 69%

The holding period that leads to the greatest annualized return for Agnico-Eagle Mines Ltd., based on historical prices, is 1 week. Should Agnico-Eagle Mines Ltd. stock move in the future similarly to its average historical movement over this duration, an annualized return of 89% could result.

Newmont (NEM)

Chart for NEM

Over the next 13 weeks, Newmont has on average historically risen by 5.9% based on the past 33 years of stock performance.

Newmont has risen higher by an average 5.9% in 17 of those 33 years over the subsequent 13 week period,corresponding to a historical probability of 51%

The holding period that leads to the greatest annualized return for Newmont, based on historical prices, is 5 weeks. Should Newmont stock move in the future similarly to its average historical movement over this duration, an annualized return of 41% could result.

January 4th Daily Market Comments

Although today’s positive trading doesn’t show any great resiliency, it is showing good bullish candlestick signals both in the S&P 500 and the NASDAQ. The NASDAQ is illustrating a bullish flutter kicker type signal. If the NASDAQ closes above the T-line today, it will be providing more evidence the slow steady uptrend remains in progress with healthy profit-taking occurring along the way. Trading strategy remains the same, stay predominantly long and remain short in positions that are not showing buy reversal signals.

January 3rd Daily Market Comments

After coming out of the chute with good strength today, the market indexes have backed off. Crude oil open strong but then had a major reversal. Although the initial strength of this morning has dissipated, the candlestick charts continue to reflect a major overall bullish sentiment. This was the attitude of the market trend prior to today’s new year trading. This merely reveals investor sentiment is continuing with the sectors that were acting well going into the end of last year. Although oil stocks have backed off today after trading higher, they still have not shown a change of investor sentiment. Investor sentiment still implies the strength that came from the results of the election is still the predominant force.

Trending Stocks: AEM, NEM

Agnico-Eagle Mines Ltd. (AEM)

Chart for AEM

Over the next 13 weeks, Agnico-Eagle Mines Ltd. has on average historically risen by 9.7% based on the past 32 years of stock performance.

Agnico-Eagle Mines Ltd. has risen higher by an average 9.7% in 23 of those 32 years over the subsequent 13 week period,corresponding to a historical probability of 71%

The holding period that leads to the greatest annualized return for Agnico-Eagle Mines Ltd., based on historical prices, is 1 week. Should Agnico-Eagle Mines Ltd. stock move in the future similarly to its average historical movement over this duration, an annualized return of 89% could result.

Newmont (NEM)

Chart for NEM

Over the next 13 weeks, Newmont has on average historically risen by 5.9% based on the past 32 years of stock performance.

Newmont has risen higher by an average 5.9% in 17 of those 32 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 Newmont, based on historical prices, is 5 weeks. Should Newmont stock move in the future similarly to its average historical movement over this duration, an annualized return of 41% could result.

Trending Stocks: AAMC, NVDA, YELP

ALTISOURCE ASSET MGMT (AAMC)

Chart for AAMC

Over the next 13 weeks, ALTISOURCE ASSET MGMT has on average historically risen by 29.8% based on the past 4 years of stock performance.

ALTISOURCE ASSET MGMT has risen higher by an average 29.8% 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 ALTISOURCE ASSET MGMT, based on historical prices, is 52 weeks. Should ALTISOURCE ASSET MGMT stock move in the future similarly to its average historical movement over this duration, an annualized return of 508% could result.

Nvidia (NVDA)

Chart for NVDA

Over the next 13 weeks, Nvidia has on average historically risen by 23.5% based on the past 17 years of stock performance.

Nvidia has risen higher by an average 23.5% 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 Nvidia, based on historical prices, is 1 week. Should Nvidia stock move in the future similarly to its average historical movement over this duration, an annualized return of 204% could result.

Universal Display Corp. (OLED)

Chart for OLED

Over the next 13 weeks, Universal Display Corp. has on average historically risen by 12.8% based on the past 20 years of stock performance.

Universal Display Corp. has risen higher by an average 12.8% in 11 of those 20 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 Universal Display Corp., based on historical prices, is 1 week. Should Universal Display Corp. stock move in the future similarly to its average historical movement over this duration, an annualized return of 217% could result.

Yelp, Inc. (YELP)

Chart for YELP

Over the next 13 weeks, Yelp, Inc. has on average historically risen by 13.7% based on the past 4 years of stock performance.

Yelp, Inc. has risen higher by an average 13.7% 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 Yelp, Inc., based on historical prices, is 2 weeks. Should Yelp, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 249% could result.

December 29th Daily Market Comments

Although the week between Christmas and New Year’s does not usually have any relevant forceful moves, it does provide an indication of what might be strong going into the first quarter of the next year. Gold stocks are picking up steam, that becomes a viable sector to watch immediately after the first of the year. The bearish trading yesterday made the prospects of breaching the 20,000 level in the Dow more tentative. Investors became more discouraged the longer it took to get up through that level. This is a perfect illustration that prices move based upon investor sentiment, not fundamental reasons. Use the analysis of each individual stock chart to decide whether to remain long or short in specific stock positions.

December 28th Daily Market Comments

Unfortunately the quest for breaching the 20,000 mark in the Dow is occurring during a time when there is not a whole great amount of investing occurring, the slow period between Christmas and New Year’s. Because investor sentiment is what moves trends, the lack of buying pressure at the 20,000 level may create discouragement that starts investors to take profits, further reducing the prospects of going through that level at this time. Currently the indexes continue to trade above the T-line. But be prepared to close out positions if the market starts showing definite selling, indicating the major hurdle at 20,000 is not currently going to be breached. However, it is still early in the day.

Trending Stocks: ALXN, IEP

Alexion Pharma (ALXN)

Chart for ALXN

Over the next 13 weeks, Alexion Pharma has on average historically risen by 11.1% based on the past 20 years of stock performance.

Alexion Pharma has risen higher by an average 11.1% 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 Alexion Pharma, based on historical prices, is 7 weeks. Should Alexion Pharma stock move in the future similarly to its average historical movement over this duration, an annualized return of 112% could result.

Icahn Enterprises L.P. (IEP)

Chart for IEP

Over the next 13 weeks, Icahn Enterprises L.P. has on average historically risen by 4.9% based on the past 29 years of stock performance.

Icahn Enterprises L.P. has risen higher by an average 4.9% in 20 of those 29 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 Icahn Enterprises L.P., based on historical prices, is 1 week. Should Icahn Enterprises L.P. stock move in the future similarly to its average historical movement over this duration, an annualized return of 150% could result.

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