The indecisiveness in the markets persist. Fortunately, this does not change the direction of many of the candlestick chart patterns that are working effectively. Continue to utilize each individual stock chart as the main criteria.
Archives for October 2016
Trending Stocks: CAG, CLR, CRZO, HES, NXPI, QCOM, SM
October 3, 2016
ConAgra (CAG)
Chart for CAG
Over the next 13 weeks, ConAgra has on average historically risen by 7% based on the past 32 years of stock performance.
ConAgra has risen higherby an average 7%in 24 of those 32 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 ConAgra, based on historical prices, is 10 weeks. Should ConAgra stock move in the future similarly to its average historical movement over this duration, an annualized return of 28% could result.
Continental Resources Inc. (CLR)
Chart for CLR
Over the next 13 weeks, Continental Resources Inc. has on average historically risen by 2.2% based on the past 9 years of stock performance.
Continental Resources Inc. has risen higherby an average 2.2%in 5 of those 9 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 Continental Resources Inc., based on historical prices, is 3 weeks. Should Continental Resources Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 76% could result.
Carrizo Oil & Gas Inc. (CRZO)
Chart for CRZO
Over the next 13 weeks, Carrizo Oil & Gas Inc. has on average historically fallen by 2.5% based on the past 19 years of stock performance.
Carrizo Oil & Gas Inc. has fallen lowerby an average 2.5%in 8 of those 19 years over the subsequent 13 week period,corresponding to a historical probability of 42%
The holding period that leads to the greatest annualized return for Carrizo Oil & Gas Inc., based on historical prices, is 3 weeks. Should Carrizo Oil & Gas Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 59% could result.
Hess Corporation (HES)
Chart for HES
Over the next 13 weeks, Hess Corporation has on average historically risen by 0.2% based on the past 32 years of stock performance.
Hess Corporation has risen higherby an average 0.2%in 16 of those 32 years over the subsequent 13 week period,corresponding to a historical probability of 50%
The holding period that leads to the greatest annualized return for Hess Corporation, based on historical prices, is 33 weeks. Should Hess Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 19% could result.
NXP Semiconductors N.V. (NXPI)
Chart for NXPI
Over the next 13 weeks, NXP Semiconductors N.V. has on average historically risen by 14.8% based on the past 6 years of stock performance.
NXP Semiconductors N.V. has risen higherby an average 14.8%in 4 of those 6 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 NXP Semiconductors N.V., based on historical prices, is 22 weeks. Should NXP Semiconductors N.V. stock move in the future similarly to its average historical movement over this duration, an annualized return of 109% could result.
Qualcomm (QCOM)
Chart for QCOM
Over the next 13 weeks, Qualcomm has on average historically risen by 11.6% based on the past 25 years of stock performance.
Qualcomm has risen higherby an average 11.6%in 14 of those 25 years over the subsequent 13 week period,corresponding to a historical probability of 56%
The holding period that leads to the greatest annualized return for Qualcomm, based on historical prices, is 7 weeks. Should Qualcomm stock move in the future similarly to its average historical movement over this duration, an annualized return of 107% could result.
SM Energy Co. (SM)
Chart for SM
Over the next 13 weeks, SM Energy Co. has on average historically risen by 3.6% based on the past 24 years of stock performance.
SM Energy Co. has risen higherby an average 3.6%in 15 of those 24 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 SM Energy Co., based on historical prices, is 1 week. Should SM Energy Co. stock move in the future similarly to its average historical movement over this duration, an annualized return of 59% could result.
October 5th Daily Market Comments
The schizophrenic nature of the market persists. This is what makes utilizing the candlestick patterns very effective, they are not as influenced by the overall market direction. Remain in the charts that are not showing selling confirmation, sell signals and a breach of the T-line. Also have a few short positions in the portfolio.