April 21st Daily Market Comments

Definite indecision today! It’s not unusual to see a day of consolidation following a big day of trading. However, the indecision is also occurring right at obvious resistance levels for each of the indexes. Although Yesterday’s Bullish trading reduced the prospects of a market selloff, today’s trading is not producing confirmation that a Bullish Trend is about ready to start. Monday will be an important day to see whether the resistance levels are going to continue to act as resistance or whether bullish sentiment can push up through those levels. Do not expect too much movement Today in the overall market, which still makes each individual stock chart the primary criteria. This is why we recommend Trend Analysis.

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April 20th Daily Market Comments

The indecisive nature of the market trend has been illustrated with the Dow and S&P 500 not able to get back up above the T-line. At the same time, the NASDAQ and the transportation index have traded above the T-line for the last few days. The T-line is a very important confirming factor, until we see all the indexes trading above the T-line, there will not be any decisive trend movement. Today’s positive trading is breaking the Dow and the S&P above the T-line. But like Yesterday’s trading that had started off with the indexes trading positive, that strength needs to be witnessed going into the close today. This would not signal a major reversal. There are still visible resistance levels in the major indexes that need to be breached to illustrate there is a new strength in investor sentiment.

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Trending Stocks: CORE, DY

Core-Mark Holding Company, Inc. (CORE)

Chart for CORE

Over the next 13 weeks, Core-Mark Holding Company, Inc. has on average historically risen by 8.5% based on the past 12 years of stock performance.

Core-Mark Holding Company, Inc. has risen higher by an average 8.5% in 7 of those 12 years over the subsequent 13 week period,corresponding to a historical probability of 58%

The holding period that leads to the greatest annualized return for Core-Mark Holding Company, Inc., based on historical prices, is 2 weeks. Should Core-Mark Holding Company, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 69% could result.

Dycom Industries Inc. (DY)

Chart for DY

Over the next 13 weeks, Dycom Industries Inc. has on average historically risen by 14.3% based on the past 26 years of stock performance.

Dycom Industries Inc. has risen higher by an average 14.3% in 14 of those 26 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 Dycom Industries Inc., based on historical prices, is 1 week. Should Dycom Industries Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 101% could result.

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April 19th Daily Market Comments

The markets remain in an indecisive trading mode. The NASDAQ is showing a good strong Bullish Chart, as well as the transportation index. The transportation index is currently forming a trend kicker signal. If it closes above the T-line today, the prospects of a Scoop Pattern set up is highly probable, indicating more upside. The Dow is the weakest of the indexes but it is having a drag put on it by the much lower trading of IBM. Obviously the long positions are working well today but do not abandon any short positions in the portfolio that has not illustrated a confirmed reversal signal. The trading prognosis remains the same, have both long and short positions in the portfolio.

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April 18th Daily Market Comments

A learning experience – the positive trading yesterday in the market indexes did not create reversal signals, merely an up day. Because it was not a reversal signal, it can be assumed there was not any major change of investor sentiment. Today’s lower trading confirms. Nothing has changed in the current trend/nature of the market. It continues to move in a sideways mode, making each individual chart the predominant analytical factor. Long positions should not be showing sell signals/weakness, short positions should not be showing bullish candlestick signals. The patterns continue to work as the most effective profitable trade results. This is why we recommend being strong in trend analysis.

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April 17th Daily Market Comments

Currently the market indexes are creating Bullish Harami signals at the same levels the indexes bottomed out 3 to 4 weeks ago. However, the optimal word is currently. To create Bullish Harami signals today, the indexes need to close near the high end of their trading range. A close back near or below today’s open and most of the indexes would indicate the current downtrend was still in progress. Until the market indexes can show enough strength to close backup above the T-line, the downtrend has to be considered to be still in effect. Keep both long and short positions in the portfolio.

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Trending Stocks: HCSG, MZOR, NBIX, SHEN, SPKE

Healthcare Services Group Inc. (HCSG)

Chart for HCSG

Over the next 13 weeks, Healthcare Services Group Inc. has on average historically risen by 4.4% based on the past 27 years of stock performance.

Healthcare Services Group Inc. has risen higher by an average 4.4% in 17 of those 27 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 Healthcare Services Group Inc., based on historical prices, is 2 weeks. Should Healthcare Services Group Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 46% could result.

Mazor Robotics Ltd. (MZOR)

Chart for MZOR

Over the next 13 weeks, Mazor Robotics Ltd. has on average historically risen by 27.9% based on the past 3 years of stock performance.

Mazor Robotics Ltd. has risen higher by an average 27.9% 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 Mazor Robotics Ltd., based on historical prices, is 2 weeks. Should Mazor Robotics Ltd. stock move in the future similarly to its average historical movement over this duration, an annualized return of 254% could result.

Neurocrine Biosciences Inc. (NBIX)

Chart for NBIX

Over the next 13 weeks, Neurocrine Biosciences Inc. has on average historically risen by 9.9% based on the past 20 years of stock performance.

Neurocrine Biosciences Inc. has risen higher by an average 9.9% in 13 of those 20 years over the subsequent 13 week period,corresponding to a historical probability of 65%

The holding period that leads to the greatest annualized return for Neurocrine Biosciences Inc., based on historical prices, is 41 weeks. Should Neurocrine Biosciences Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 62% could result.

Shenandoah Telecommunications Co. (SHEN)

Chart for SHEN

Over the next 13 weeks, Shenandoah Telecommunications Co. has on average historically risen by 11% based on the past 17 years of stock performance.

Shenandoah Telecommunications Co. has risen higher by an average 11% in 10 of those 17 years over the subsequent 13 week period,corresponding to a historical probability of 58%

The holding period that leads to the greatest annualized return for Shenandoah Telecommunications Co., based on historical prices, is 1 week. Should Shenandoah Telecommunications Co. stock move in the future similarly to its average historical movement over this duration, an annualized return of 94% could result.

Spark Energy, Inc. (SPKE)

Chart for SPKE

Over the next 13 weeks, Spark Energy, Inc. has on average historically risen by 40% based on the past 2 years of stock performance.

Spark Energy, Inc. has risen higher by an average 40% 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 Spark Energy, Inc., based on historical prices, is 4 weeks. Should Spark Energy, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 267% could result.

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April 13th Daily Market Comments

The NASDAQ is showing strength at the 50 day moving average. However, the Dow and S&P 500, currently trading slightly positive, still are trading below the T-line. This has to be viewed with the probability that the slow downtrend is still likely to be in progress. Support at the 50 day moving average, starting another uptrend, definitely requires a bullish reversal signal and a close above the T-line. Until then, let the short positions continue their downward trend until there is a definite reversal signal. This is why we recommend Trend Analysis.

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Trending Stocks: AGX, UNFI

Argan, Inc. (AGX)

Chart for AGX

Over the next 13 weeks, Argan, Inc. has on average historically risen by 9.8% based on the past 21 years of stock performance.

Argan, Inc. has risen higher by an average 9.8% 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 Argan, Inc., based on historical prices, is 2 weeks. Should Argan, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 63% could result.

United Natural Foods, Inc. (UNFI)

Chart for UNFI

Over the next 13 weeks, United Natural Foods, Inc. has on average historically risen by 9.1% based on the past 20 years of stock performance.

United Natural Foods, Inc. has risen higher by an average 9.1% in 13 of those 20 years over the subsequent 13 week period,corresponding to a historical probability of 65%

The holding period that leads to the greatest annualized return for United Natural Foods, Inc., based on historical prices, is 2 weeks. Should United Natural Foods, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 59% could result.

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