Archives for December 2017

December 15th Daily Market Comments

Yesterday the market indexes created potential sell signals, bearish engulfing signals, but they did not close below the T-line. Confirmed selling would have been exhibited had the markets opened lower Today. The strength in Today’s trading, as long as it remains going into the close, reveals the T-line is still a major support factor. The uptrend remains in progress as long as there is not a severe selling day going into the close today. Continue to analyze each individual stock chart on its own merits with the portfolio still oriented toward the long side.

 

Share

December 14th Daily Market Comments

Nothing has changed the uptrend except for the overall strength of the market might be showing it is getting ready for a rest. Although there is the continuation of polar opposite analysis of the political agenda in Washington, obviously Fox News and CNN have dramatically opposite reporting, the underlying factor is demonstrated by the overall market trend. This is much more important for analyzing results because the buying and selling of the markets are the actual decisions being made versus the political commentary of the media. Investor confidence remains bullish. The expectation of the retail sales for Christmas is another sign of whether the economy is strong or weak. Observe the obvious, when the checkout lines are excessively long, people are spending money.

Share

December 13th Daily Market Comments

The J-hook pattern in the indexes is still in progress, implying more upside. Especially if the trading continues above the T-line as well as the 3T-line. The continued strength of the market is making the short positions less attractive, stopping out of short positions. The steady uptrend’s of the market are making the high probability/high profit candlestick patterns more viable, i.e. MIDD confirming a bobble breakout. USAT FP breakout. This makes for very easy entry strategies for both stocks and options.

Share

December 12th Daily Market Comments

The market indexes are trading above the 3T-line, let alone the T-line. The classic pattern in the Dow is in the process of confirming on today’s positive trading. The NASDAQ is trading flat while the S&P 500 and transportation index continue to trade higher. There is no evidence of any profit-taking/selling occurring in this market. Also, there are no signs of exuberant buying. The steady uptrend reveals a much more solid trend based upon profit-taking occurring along the way. The prognosis remains the same. Stay predominantly long but it is prudent to have a few short positions in the portfolio. Specific sectors/stocks are working extremely well. RIOT is currently producing very strong profits. GLYC has gapped up producing a breakout of a Frypan bottom. This market remains extremely profitable as long as you maintain the strong candlestick chart patterns.

Share

Trending Stocks: IMKTA, NKTR, XOMA, YY

Ingles Markets Inc. (IMKTA)

Chart for IMKTA

Over the next 13 weeks, Ingles Markets Inc. has on average historically risen by 7.1% based on the past 30 years of stock performance.

Ingles Markets Inc. has risen higher by an average 7.1% in 18 of those 30 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 Ingles Markets Inc., based on historical prices, is 1 week. Should Ingles Markets Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 42% could result.

Nektar Therapeutics (NKTR)

Chart for NKTR

Over the next 13 weeks, Nektar Therapeutics has on average historically risen by 13.9% based on the past 23 years of stock performance.

Nektar Therapeutics has risen higher by an average 13.9% in 11 of those 23 years over the subsequent 13 week period,corresponding to a historical probability of 47%

The holding period that leads to the greatest annualized return for Nektar Therapeutics, based on historical prices, is 1 week. Should Nektar Therapeutics stock move in the future similarly to its average historical movement over this duration, an annualized return of 192% could result.

XOMA Corporation (XOMA)

Chart for XOMA

Over the next 13 weeks, XOMA Corporation has on average historically risen by 14.7% based on the past 31 years of stock performance.

XOMA Corporation has risen higher by an average 14.7% in 12 of those 31 years over the subsequent 13 week period,corresponding to a historical probability of 38%

The holding period that leads to the greatest annualized return for XOMA Corporation, based on historical prices, is 1 week. Should XOMA Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 160% could result.

YY Inc. (YY)

Chart for YY

Over the next 13 weeks, YY Inc. has on average historically risen by 8% based on the past 5 years of stock performance.

YY Inc. has risen higher by an average 8% in 2 of those 5 years over the subsequent 13 week period,corresponding to a historical probability of 40%

The holding period that leads to the greatest annualized return for YY Inc., based on historical prices, is 52 weeks. Should YY Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 108% could result.

Share

December 11th Daily Market Comments

The underlying nature of the market remains the same. Although Today’s trading is relatively lethargic so far, there is no evidence of the sellers taking control. With the indexes continuing to trade above the T-line, the uptrend remains in progress. A subway bombing in New York City does not create a ripple in investor sentiment. Continue to utilize the chart patterns that are demonstrating the strongest price moves. Numerous J-hook patterns are still in progress.

Share

December 8th Daily Market Comments

The J-hook pattern is the predominant analysis in both the indexes as well as numerous individual stocks. The positive trading in the indexes today are further confirming that the T-line is still acting as a viable trend support. The NASDAQ gapped up well above the T-line Today, indicating an extremely high probability the uptrend will continue and may continue with some excessive force. Stay predominantly long but be nimble. This market still requires trading specific stocks and sectors.

 

Share

Trending Stocks: ATGE, BITA, FSLR, GIII, PCO, RVNC

Adtalem Global Education (ATGE)

Chart for ATGE

Over the next 13 weeks, Adtalem Global Education has on average historically risen by 7.1% based on the past 26 years of stock performance.

Adtalem Global Education has risen higher by an average 7.1% in 19 of those 26 years over the subsequent 13 week period,corresponding to a historical probability of 73%

The holding period that leads to the greatest annualized return for Adtalem Global Education, based on historical prices, is 9 weeks. Should Adtalem Global Education stock move in the future similarly to its average historical movement over this duration, an annualized return of 36% could result.

Bitauto Holdings Ltd. (BITA)

Chart for BITA

Over the next 13 weeks, Bitauto Holdings Ltd. has on average historically fallen by 7.2% based on the past 7 years of stock performance.

Bitauto Holdings Ltd. has fallen lower by an average 7.2% in 4 of those 7 years over the subsequent 13 week period,corresponding to a historical probability of 57%

The holding period that leads to the greatest annualized return for Bitauto Holdings Ltd., based on historical prices, is 52 weeks. Should Bitauto Holdings Ltd. stock move in the future similarly to its average historical movement over this duration, an annualized return of 70% could result.

First Solar (FSLR)

Chart for FSLR

Over the next 13 weeks, First Solar has on average historically risen by 15.6% based on the past 11 years of stock performance.

First Solar has risen higher by an average 15.6% in 8 of those 11 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 First Solar, based on historical prices, is 1 week. Should First Solar stock move in the future similarly to its average historical movement over this duration, an annualized return of 260% could result.

G-III Apparel Group, Ltd. (GIII)

Chart for GIII

Over the next 13 weeks, G-III Apparel Group, Ltd. has on average historically risen by 15.2% based on the past 27 years of stock performance.

G-III Apparel Group, Ltd. has risen higher by an average 15.2% in 19 of those 27 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 G-III Apparel Group, Ltd., based on historical prices, is 2 weeks. Should G-III Apparel Group, Ltd. stock move in the future similarly to its average historical movement over this duration, an annualized return of 137% could result.

Pendrell Corporation (PCO)

Chart for PCO

Over the next 13 weeks, Pendrell Corporation has on average historically risen by 87.5% based on the past 17 years of stock performance.

Pendrell Corporation has risen higher by an average 87.5% in 11 of those 17 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 Pendrell Corporation, based on historical prices, is 3 weeks. Should Pendrell Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 558% could result.

REVANCE THERAPEUTICS IN (RVNC)

Chart for RVNC

Over the next 13 weeks, REVANCE THERAPEUTICS IN has on average historically fallen by 14.2% based on the past 3 years of stock performance.

REVANCE THERAPEUTICS IN has fallen lower by an average 14.2% 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 REVANCE THERAPEUTICS IN, based on historical prices, is 1 week. Should REVANCE THERAPEUTICS IN stock move in the future similarly to its average historical movement over this duration, an annualized return of 88% could result.

Share

December 7th Daily Market Comments

Today’s positive trading in the Dow and S&P 500 is making the T-line (T-Line Trading) and obvious relevant factor. The NASDAQ, after a left/right combo yesterday is trading backup right to the T-line. If the markets close near the high end of their trading range today, it has to be evaluated that bullish sentiment is now offsetting the profit-taking/consolidation of the past few trading days. This makes Today’s close very important, indicating whether the T-line is going to show a reversal of the consolidation.

 

Share

December 6th Daily Market Comments

The weakness in the markets are producing numerous sell signals in individual stock prices. These market conditions are making it clear that there is profit-taking/selling occurring. Analyze each stock chart position. If it is showing sell signals, close out the position. There will be plenty of good buy charts after the market finishes its consolidation. The short positions should be producing good profits during this pullback. Expect more downside as the indexes continue to head down toward support levels.

Share