and The Candlestick Forum
Today’s selling has shown trading at the same level since the open, not demonstrating any dramatic selling pressure. This consolidation has not yet changed the trajectory or investor sentiment of this uptrend. Continue to stay long with the expectation of some profit-taking as the uptrend continues. This makes for a more solid uptrend with the lack of exuberance being demonstrated.
Chart for AMAG
Over the next 13 weeks, AMAG Pharmaceuticals, Inc. has on average historically risen by 18.9% based on the past 30 years of stock performance.
AMAG Pharmaceuticals, Inc. has risen higherby an average 18.9%in 19 of those 30 years over the subsequent 13 week period,corresponding to a historical probability of 63%
The holding period that leads to the greatest annualized return for AMAG Pharmaceuticals, Inc., based on historical prices, is 13 weeks. Should AMAG Pharmaceuticals, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 76% could result.
Chart for CAL
Over the next 13 weeks, Caleres Inc has on average historically risen by 8.8% based on the past 32 years of stock performance.
Caleres Inc has risen higherby an average 8.8%in 22 of those 32 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 Caleres Inc, based on historical prices, is 1 week. Should Caleres Inc stock move in the future similarly to its average historical movement over this duration, an annualized return of 169% could result.
Chart for DE
Over the next 13 weeks, Deere has on average historically risen by 10.7% based on the past 32 years of stock performance.
Deere has risen higherby an average 10.7%in 27 of those 32 years over the subsequent 13 week period,corresponding to a historical probability of 84%
The holding period that leads to the greatest annualized return for Deere, based on historical prices, is 1 week. Should Deere stock move in the future similarly to its average historical movement over this duration, an annualized return of 100% could result.
Chart for QADA
Over the next 13 weeks, QAD Inc. has on average historically risen by 4.3% based on the past 6 years of stock performance.
QAD Inc. has risen higherby an average 4.3%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 QAD Inc., based on historical prices, is 17 weeks. Should QAD Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 40% could result.
Chart for RDUS
Over the next 13 weeks, Radius Health, Inc. has on average historically risen by 35.5% based on the past 2 years of stock performance.
Radius Health, Inc. has risen higherby an average 35.5%in 1 of those 2 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 Radius Health, Inc., based on historical prices, is 1 week. Should Radius Health, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 476% could result.
Chart for VEEV
Over the next 13 weeks, Veeva Systems Inc has on average historically fallen by 7.2% based on the past 3 years of stock performance.
Veeva Systems Inc has fallen lowerby an average 7.2%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 Veeva Systems Inc, based on historical prices, is 1 week. Should Veeva Systems Inc stock move in the future similarly to its average historical movement over this duration, an annualized return of 502% could result.
Chart for XPO
Over the next 13 weeks, XPO Logistics, Inc. has on average historically risen by 18.5% based on the past 13 years of stock performance.
XPO Logistics, Inc. has risen higherby an average 18.5%in 8 of those 13 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 XPO Logistics, Inc., based on historical prices, is 6 weeks. Should XPO Logistics, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 102% could result.
Chart for BBY
Over the next 13 weeks, Best Buy has on average historically risen by 4.9% based on the past 31 years of stock performance.
Best Buy has risen higher by an average 4.9%in 18 of those 31 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 Best Buy, based on historical prices, is 34 weeks. Should Best Buy stock move in the future similarly to its average historical movement over this duration, an annualized return of 56% could result.
Chart for CVT
Over the next 13 weeks, CVENT INC has on average historically fallen by 9.6% based on the past 3 years of stock performance.
CVENT INC has fallen lower by an average 9.6%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 CVENT INC, based on historical prices, is 1 week. Should CVENT INC stock move in the future similarly to its average historical movement over this duration, an annualized return of 261% could result.
Chart for JOUT
Over the next 13 weeks, Johnson Outdoors Inc. has on average historically risen by 6.7% based on the past 26 years of stock performance.
Johnson Outdoors Inc. has risen higher by an average 6.7%in 15 of those 26 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 Johnson Outdoors Inc., based on historical prices, is 1 week. Should Johnson Outdoors Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 34% could result.
Chart for TSRO
Over the next 13 weeks, Tesaro, Inc. has on average historically risen by 10.9% based on the past 4 years of stock performance.
Tesaro, Inc. has risen higher by an average 10.9%in 2 of those 4 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 Tesaro, Inc., based on historical prices, is 1 week. Should Tesaro, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 397% could result.
Chart for WNR
Over the next 13 weeks, Western Refining Inc. has on average historically risen by 11.7% based on the past 10 years of stock performance.
Western Refining Inc. has risen higher by an average 11.7%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 Western Refining Inc., based on historical prices, is 18 weeks. Should Western Refining Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 61% could result.
Today’s trading is very positive for the market trend provided the bullish sentiment remains going into the close. The S&P 500 most clearly illustrates a trend kicker at a breakout level. The same scenario can be applied to the Dow and NASDAQ. If the NASDAQ closes near the high end of its trading range today, it will demonstrate the lack of resistance at the recent highs back in September. Continue to stay long. More exact, stay long in the strong sectors, they are showing strength basically due to investor sentiment become an extremely bullish in specific areas of the economy.
Chart for DRYS
Over the next 13 weeks, DryShips Inc. has on average historically fallen by 14.3% based on the past 11 years of stock performance.
DryShips Inc. has fallen lower by an average 14.3% in 7 of those 11 years over the subsequent 13 week period,corresponding to a historical probability of 63%
The holding period that leads to the greatest annualized return for DryShips Inc., based on historical prices, is 48 weeks. Should DryShips Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 45% could result.
Chart for PBYI
Over the next 13 weeks, Puma Biotechnology, Inc. has on average historically risen by 42.5% based on the past 4 years of stock performance.
Puma Biotechnology, Inc. has risen higher by an average 42.5% in 2 of those 4 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 Puma Biotechnology, Inc., based on historical prices, is 6 weeks. Should Puma Biotechnology, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 338% could result.
The Dow is trading lower but the NASDAQ is trading higher. This is still an indication there has not been a change of investor sentiment, the uptrend remains in progress. The biotech sector continues to act well. Crude oil inventories have expanded dramatically, however crude oil is trading higher. Continue to stay with the sectors that are showing good strength/good buy signals.
The expected consolidation/shifting of funds is evident with the Dow trading lower today but the NASDAQ trading higher. This indicates there is no real dramatic change of investor sentiment, merely shifting from sector to sector. Profit-taking was expected after a strong rally as seen over the past week. Be prepared to take profits, albeit very short-term, on price moves that have moved exorbitantly over the past week. The uptrend is not showing that it is over, but be prepared for backing and filling.
Be careful, after a few strong days of trumpet rally, the Dow gapped up today and is currently doing a shooting star/Doji. Stochastics are in the overbought condition, trading has moved substantially away from the T-line, be ready for some profit-taking in the markets. The NASDAQ has not been showing as much strength over the past few days of trading. Be prepared to take profits.
Chart for PRAA
Over the next 13 weeks, Portfolio Recovery Associates Inc. has on average historically fallen by 4.8% based on the past 14 years of stock performance.
Portfolio Recovery Associates Inc. has fallen lowerby an average 4.8%in 8 of those 14 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 Portfolio Recovery Associates Inc., based on historical prices, is 34 weeks. Should Portfolio Recovery Associates Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 21% could result.
Chart for SCCO
Over the next 13 weeks, Southern Copper Corp. has on average historically risen by 7.6% based on the past 20 years of stock performance.
Southern Copper Corp. has risen higherby an average 7.6%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 Southern Copper Corp., based on historical prices, is 1 week. Should Southern Copper Corp. stock move in the future similarly to its average historical movement over this duration, an annualized return of 73% could result.
Chart for SODA
Over the next 13 weeks, SodaStream International Ltd. has on average historically risen by 6.2% based on the past 6 years of stock performance.
SodaStream International Ltd. has risen higherby an average 6.2%in 3 of those 6 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 SodaStream International Ltd., based on historical prices, is 35 weeks. Should SodaStream International Ltd. stock move in the future similarly to its average historical movement over this duration, an annualized return of 68% could result.
Chart for SPTN
Over the next 13 weeks, Spartan Stores Inc. has on average historically risen by 9.5% based on the past 16 years of stock performance.
Spartan Stores Inc. has risen higherby an average 9.5%in 8 of those 16 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 Spartan Stores Inc., based on historical prices, is 34 weeks. Should Spartan Stores Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 45% could result.
November 29th Daily Market Comments
Although the indexes are not trading with any great positive resiliency, they are illustrating that bullish sentiment has not disappeared. The uptrend remains in progress as long as the indexes continue to trade above the T-line. Continue to stay predominantly long, the candlestick patterns are working very well.