Archives for February 2017

February 28th Daily Market Comments

The flat trading of today still reveals that there has not been any change of investor sentiment. Unless there is a very definite reversal signal in the markets, it has to be assumed the uptrend remains in progress as long as there is not a sell signal and a close below the T-line. This does not eliminate the possibility of some profit-taking back to the T-line. However, currently there are no signs that the uptrend does not remain in progress. Stay long but have protective stop’s in place.

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February 27th Daily Market Comments

Today’s trading continues to reflect that there is no bearish investor sentiment coming into the markets yet. This means that each individual stock/sector should be analyzed based upon their own merits. A slow steady market uptrend is now going to produce profit-taking in sectors that have moved well. This usually implies the sector rotation, making good profit potential starting to occur in new sectors. Stay predominantly long until there is a definable candlestick reversal signal in the indexes. These candlestick signals are clearly defined in our free 12 Major Candlestick Signals.

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Trending Stocks: DOOR, FSLR, TREE, VAC

MASONITE INTL CORP NEW (DOOR)

Chart for DOOR

Over the next 13 weeks, MASONITE INTL CORP NEW has on average historically risen by 11.6% based on the past 7 years of stock performance.

MASONITE INTL CORP NEW has risen higher by an average 11.6% in 6 of those 7 years over the subsequent 13 week period,corresponding to a historical probability of 85%

The holding period that leads to the greatest annualized return for MASONITE INTL CORP NEW, based on historical prices, is 2 weeks. Should MASONITE INTL CORP NEW stock move in the future similarly to its average historical movement over this duration, an annualized return of 117% could result.

First Solar (FSLR)

Chart for FSLR

Over the next 13 weeks, First Solar has on average historically risen by 7.8% based on the past 10 years of stock performance.

First Solar has risen higher by an average 7.8% in 6 of those 10 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 First Solar, based on historical prices, is 10 weeks. Should First Solar stock move in the future similarly to its average historical movement over this duration, an annualized return of 63% could result.

Tree.Com, Inc. (TREE)

Chart for TREE

Over the next 13 weeks, Tree.Com, Inc. has on average historically risen by 26.8% based on the past 8 years of stock performance.

Tree.Com, Inc. has risen higher by an average 26.8% in 5 of those 8 years over the subsequent 13 week period,corresponding to a historical probability of 62%

The holding period that leads to the greatest annualized return for Tree.Com, Inc., based on historical prices, is 1 week. Should Tree.Com, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 468% could result.

Marriott Vacations Worldwide Corp. (VAC)

Chart for VAC

Over the next 13 weeks, Marriott Vacations Worldwide Corp. has on average historically risen by 10.7% based on the past 5 years of stock performance.

Marriott Vacations Worldwide Corp. has risen higher by an average 10.7% 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 Marriott Vacations Worldwide Corp., based on historical prices, is 3 weeks. Should Marriott Vacations Worldwide Corp. 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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February 24th Daily Market Comments

The indecisive potential reversal signals of yesterday are experiencing weakness today as potentially anticipated.
The nature of today’s selling is indicated by the signal/formation today. Currently the indexes are showing indecisive selling, Doji days. The index that should provide the most valuable information today is the NASDAQ. It gap down below the T-line after yesterday’s left/right bearish combo. The NASDAQ is trading lower but above where it opened, illustrating buying is still present. However, it is currently trading at the T-line. It will be important to see if the NASDAQ and close backup above the T-line.UCTT is still confirming the scoop pattern breakout. AAOI should now be watched for profit-taking sell signals.

 

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February 23rd Daily Market Comments

Although there is not yet any consistent selling in all the market indexes, there are signs of profit-taking. The NASDAQ clearly illustrates profit-taking approximately every 4 to 5 weeks. The current signs of weakness does not necessarily mean the overall uptrend has reversed, merely profit-taking/pullback to the T-line area is in progress. Crude oil is trading higher, creating strength in the oil stocks. Gold is trading higher adding strength to the gold sector. Sectors/individual stock charts remain the prominent criteria.

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Trending Stocks: PLKI, RBA, ROG, SNI, THRM

POPEYES LOU KITCHEN INC (PLKI)

Chart for PLKI

Over the next 13 weeks, POPEYES LOU KITCHEN INC has on average historically risen by 4.1% based on the past 16 years of stock performance.

POPEYES LOU KITCHEN INC has risen higher by an average 4.1% in 10 of those 16 years over the subsequent 13 week period,corresponding to a historical probability of 62%

The holding period that leads to the greatest annualized return for POPEYES LOU KITCHEN INC, based on historical prices, is 9 weeks. Should POPEYES LOU KITCHEN INC stock move in the future similarly to its average historical movement over this duration, an annualized return of 45% could result.

Ritchie Bros. Auctioneers Inc. (RBA)

Chart for RBA

Over the next 13 weeks, Ritchie Bros. Auctioneers Inc. has on average historically risen by 8.7% based on the past 18 years of stock performance.

Ritchie Bros. Auctioneers Inc. has risen higher by an average 8.7% in 13 of those 18 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 Ritchie Bros. Auctioneers Inc., based on historical prices, is 10 weeks. Should Ritchie Bros. Auctioneers Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 41% could result.

Rogers Corporation (ROG)

Chart for ROG

Over the next 13 weeks, Rogers Corporation has on average historically risen by 5.4% based on the past 33 years of stock performance.

Rogers Corporation has risen higher by an average 5.4% in 22 of those 33 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 Rogers Corporation, based on historical prices, is 6 weeks. Should Rogers Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 42% could result.

Scripps Networks (SNI)

Chart for SNI

Over the next 13 weeks, Scripps Networks has on average historically risen by 8.4% based on the past 8 years of stock performance.

Scripps Networks has risen higher by an average 8.4% in 5 of those 8 years over the subsequent 13 week period,corresponding to a historical probability of 62%

The holding period that leads to the greatest annualized return for Scripps Networks, based on historical prices, is 6 weeks. Should Scripps Networks stock move in the future similarly to its average historical movement over this duration, an annualized return of 64% could result.

Gentherm Incorporated (THRM)

Chart for THRM

Over the next 13 weeks, Gentherm Incorporated has on average historically risen by 4.4% based on the past 23 years of stock performance.

Gentherm Incorporated has risen higher by an average 4.4% 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 Gentherm Incorporated, based on historical prices, is 2 weeks. Should Gentherm Incorporated stock move in the future similarly to its average historical movement over this duration, an annualized return of 118% could result.

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February 22nd Daily Market Comments

The lack of strength in today’s markets is not yet any indication there has been a change of investor sentiment, however the hard selling in the transportation index is the first signs that bullish sentiment may be waning. A trend channel is becoming more evident in the transportation index, especially after some obvious candlestick sell signals that have developed over the past few days of trading. The overall trend of the markets has not yet been altered, but be ready to take some profits on signs of weakness.

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February 21st Daily Market Comments

Numerous talking heads, on the TV financial stations, are expecting a pullback in the market. This is usually a good sign the uptrend is still in progress. Numerous bullish chart patterns are being formed, J-hook patterns and frypan bottom breakout’s. Continue to utilize the strong patterns. But be careful, keep in mind, profiting from a bull market does not mean you have become smarter.

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Trending Stocks: CIR, NTES, QTWO, SAGE

CIRCOR International, Inc. (CIR)

Chart for CIR

Over the next 13 weeks, CIRCOR International, Inc. has on average historically risen by 11.3% based on the past 17 years of stock performance.

CIRCOR International, Inc. has risen higher by an average 11.3% 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 CIRCOR International, Inc., based on historical prices, is 1 week. Should CIRCOR International, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 52% could result.

NetEase, Inc. (NTES)

Chart for NTES

Over the next 13 weeks, NetEase, Inc. has on average historically risen by 16.9% based on the past 16 years of stock performance.

NetEase, Inc. has risen higher by an average 16.9% in 11 of those 16 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 NetEase, Inc., based on historical prices, is 50 weeks. Should NetEase, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 157% could result.

Q2 HLDGS INC (QTWO)

Chart for QTWO

Over the next 13 weeks, Q2 HLDGS INC has on average historically risen by 24.3% based on the past 2 years of stock performance.

Q2 HLDGS INC has risen higher by an average 24.3% 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 Q2 HLDGS INC, based on historical prices, is 1 week. Should Q2 HLDGS INC stock move in the future similarly to its average historical movement over this duration, an annualized return of 175% could result.

Sage Therapeutics, Inc. (SAGE)

Chart for SAGE

Over the next 13 weeks, Sage Therapeutics, Inc. has on average historically risen by 21.3% based on the past 2 years of stock performance.

Sage Therapeutics, Inc. has risen higher by an average 21.3% 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 Sage Therapeutics, Inc., based on historical prices, is 9 weeks. Should Sage Therapeutics, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 176% could result.

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February 17th Daily Market Comments

Today’s profit-taking has indications of merely profit-taking. ¬†Currently the major indexes are trading at or above where they open, revealing that there is still buying occurring in the markets. It will not be unusual to see some backing and filling on a Friday before a three-day weekend. The important factor be to see if there is any indication there has been a major change of investor sentiment. If not, the uptrend in these markets continue to move in a bullish direction.

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