Archives for March 2017

March 22nd Daily Market Comments

Today’s current selling is the expected follow-through after yesterday’s bearish left right combo. The political rumblings of Washington is the main excuse. The current downtrend could take the Dow and S&P 500 and NASDAQ down to test the 50 day moving average. This would also be the approximate 50% retracement of the last trend based upon Fibonacci numbers. Expects some more downside, obviously short positions should have stronger relevance.

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March 21st Daily Market Comments

After opening positive today, the market indexes have sold off dramatically, creating a bearish left/right combo that needs to be acknowledged. This strong sell signal will be very relevant if the markets close at the low end of their trading range today. But keep in mind, the day is not over. A close backup above the T-line would indicate the trend is continuing the uptrend. However, even a close above the T-line but below yesterday’s close would still produce a substantial potential reversal signal, a hanging man signal. Be ready to close out long positions today unless there is a dramatic reversal in the current trading, taking the market indexes back up toward today’s open.

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March 20th Daily Market Comments

Today’s trading is not showing any change of investor sentiment. The Dow and the NASDAQ continue to form a slow curve/J-hook pattern illustrating the T-line is acting as the support level. Overall, there is no evidence of any selling pressure, which indicates the current uptrend remains in progress. The lack of any dramatic bullish or bearish pressure on the overall market is allowing current strong trending stocks, either bullish or bearish, to continue their trends. The predominant analysis remains staying long or staying short in trends that remain above or below the T-line.

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Trending Stocks: BAS, CLVS, REN, SLCA

Basic Energy Services, Inc. (BAS)

Chart for BAS

Over the next 13 weeks, Basic Energy Services, Inc. has on average historically risen by 10.8% based on the past 11 years of stock performance.

Basic Energy Services, Inc. has risen higher by an average 10.8% 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 Basic Energy Services, Inc., based on historical prices, is 1 week. Should Basic Energy Services, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 281% could result.

Clovis Oncology, Inc. (CLVS)

Chart for CLVS

Over the next 13 weeks, Clovis Oncology, Inc. has on average historically risen by 17.1% based on the past 5 years of stock performance.

Clovis Oncology, Inc. has risen higher by an average 17.1% 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 Clovis Oncology, Inc., based on historical prices, is 28 weeks. Should Clovis Oncology, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 93% could result.

Resolute Energy Corporation (REN)

Chart for REN

Over the next 13 weeks, Resolute Energy Corporation has on average historically risen by 8.1% based on the past 9 years of stock performance.

Resolute Energy Corporation has risen higher by an average 8.1% 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 Resolute Energy Corporation, based on historical prices, is 46 weeks. Should Resolute Energy Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 158% could result.

U.S. Silica Holdings, Inc. (SLCA)

Chart for SLCA

Over the next 13 weeks, U.S. Silica Holdings, Inc. has on average historically risen by 13.4% based on the past 5 years of stock performance.

U.S. Silica Holdings, Inc. has risen higher by an average 13.4% in 3 of those 5 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 U.S. Silica Holdings, Inc., based on historical prices, is 2 weeks. Should U.S. Silica Holdings, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 171% could result.


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March 17th Daily Market Comments

What are the candlestick charts indicating as far as the market trend? Because we can recognize the potential of a J-hook pattern, it can be implied that investor sentiment is still relatively bullish or at least not showing any signs of bearish sentiment. Currently the indecisive trading in today’s market, although not showing any buying strength, is still not altering an observable pattern. Having this visual knowledge, witnessing the trading remaining above the T-line, allows investors to maintain and/or add bullish positions based upon strong candlestick charts. As long as the indexes remain above the T-line, the probabilities tell us the uptrend is still in progress.

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March 16th Daily Market Comments

What is the nature of the market trend? Although today’s trading is not showing the resiliency that was seen in yesterday’s trading, the market indexes are showing patterns that are easily identifiable. The Dow, S&P 500, and the NASDAQ are all in the process of setting up a bullish J-hook pattern. The lack of aggressive bullish sentiment on any particular day does not offset the information provided in the candlestick pattern. These candlestick signals are clearly defined in our free 12 Major Candlestick Signals.┬áIt actually illustrates there is no exuberance in this market uptrend. This creates a much more solid, less whipsawing, market trend. Continue to stay long with some short positions in the portfolio.

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Trending Stocks: CLVS, GDOT, KMG, OFIX, REN

Clovis Oncology, Inc. (CLVS)

Chart for CLVS

Over the next 13 weeks, Clovis Oncology, Inc. has on average historically risen by 17.1% based on the past 5 years of stock performance.

Clovis Oncology, Inc. has risen higher by an average 17.1% 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 Clovis Oncology, Inc., based on historical prices, is 28 weeks. Should Clovis Oncology, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 93% could result.

Green Dot Corporation (GDOT)

Chart for GDOT

Over the next 13 weeks, Green Dot Corporation has on average historically fallen by 9.7% based on the past 6 years of stock performance.

Green Dot Corporation has fallen lower by an average 9.7% 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 Green Dot Corporation, based on historical prices, is 17 weeks. Should Green Dot Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 1% could result.

KMG Chemicals Inc. (KMG)

Chart for KMG

Over the next 13 weeks, KMG Chemicals Inc. has on average historically risen by 13.1% based on the past 20 years of stock performance.

KMG Chemicals Inc. has risen higher by an average 13.1% in 12 of those 20 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 KMG Chemicals Inc., based on historical prices, is 1 week. Should KMG Chemicals Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 124% could result.

Orthofix International N.V. (OFIX)

Chart for OFIX

Over the next 13 weeks, Orthofix International N.V. has on average historically risen by 9.5% based on the past 24 years of stock performance.

Orthofix International N.V. has risen higher by an average 9.5% in 13 of those 24 years over the subsequent 13 week period,corresponding to a historical probability of 54%

The holding period that leads to the greatest annualized return for Orthofix International N.V., based on historical prices, is 3 weeks. Should Orthofix International N.V. stock move in the future similarly to its average historical movement over this duration, an annualized return of 61% could result.

Resolute Energy Corporation (REN)

Chart for REN

Over the next 13 weeks, Resolute Energy Corporation has on average historically risen by 8.1% based on the past 9 years of stock performance.

Resolute Energy Corporation has risen higher by an average 8.1% 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 Resolute Energy Corporation, based on historical prices, is 46 weeks. Should Resolute Energy Corporation 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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March 15th Daily Market Comments

The T-line continues to be an important trend factor. What does it mean when the Dow is trading in decisively and sideways right at the T-line? It means the market is not moving in any great direction. Simple visual analysis reveals the NASDAQ and the S&P 500 trading backup above the T-line, waffling back and forth. The transportation index has been selling off hard for the past two weeks but trading positive today.

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Trending Stocks: GCO, INCY, LHCG, PRSC, PRTA, WLDN

Genesco Inc. (GCO)

Chart for GCO

Over the next 13 weeks, Genesco Inc. has on average historically risen by 11.6% based on the past 31 years of stock performance.

Genesco Inc. has risen higher by an average 11.6% in 21 of those 31 years over the subsequent 13 week period,corresponding to a historical probability of 67%

The holding period that leads to the greatest annualized return for Genesco Inc., based on historical prices, is 12 weeks. Should Genesco Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 58% could result.

Incyte Corporation (INCY)

Chart for INCY

Over the next 13 weeks, Incyte Corporation has on average historically risen by 4.2% based on the past 23 years of stock performance.

Incyte Corporation has risen higher by an average 4.2% 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 Incyte Corporation, based on historical prices, is 49 weeks. Should Incyte Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 96% could result.

LHC Group, Inc. (LHCG)

Chart for LHCG

Over the next 13 weeks, LHC Group, Inc. has on average historically risen by 5.1% based on the past 11 years of stock performance.

LHC Group, Inc. has risen higher by an average 5.1% in 6 of those 11 years over the subsequent 13 week period,corresponding to a historical probability of 54%

The holding period that leads to the greatest annualized return for LHC Group, Inc., based on historical prices, is 3 weeks. Should LHC Group, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 67% could result.

Providence Service Corp. (PRSC)

Chart for PRSC

Over the next 13 weeks, Providence Service Corp. has on average historically risen by 21.7% based on the past 13 years of stock performance.

Providence Service Corp. has risen higher by an average 21.7% 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 Providence Service Corp., based on historical prices, is 4 weeks. Should Providence Service Corp. stock move in the future similarly to its average historical movement over this duration, an annualized return of 184% could result.

Prothena Corporation plc (PRTA)

Chart for PRTA

Over the next 13 weeks, Prothena Corporation plc has on average historically risen by 29.1% based on the past 4 years of stock performance.

Prothena Corporation plc has risen higher by an average 29.1% in 3 of those 4 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 Prothena Corporation plc, based on historical prices, is 1 week. Should Prothena Corporation plc stock move in the future similarly to its average historical movement over this duration, an annualized return of 586% could result.

Willdan Group, Inc. (WLDN)

Chart for WLDN

Over the next 13 weeks, Willdan Group, Inc. has on average historically risen by 6.3% based on the past 10 years of stock performance.

Willdan Group, Inc. has risen higher by an average 6.3% in 5 of those 10 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 Willdan Group, Inc., based on historical prices, is 28 weeks. Should Willdan Group, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 61% could result.

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March 14th Daily Market Comments

Today’s selling continues to demonstrate the indecisive, lack of direction of the markets that has occurred for the past two weeks. The NASDAQ had been showing bullish persistency until today’s little gap down/kicker signal. Unless the markets shows some strong bullish sentiment going into the close, investor sentiment will be proving to be turning bearish based upon closing back below the T-line. The transportation index has been the strong selling indicator for the past two weeks, keeping the other indexes from showing any dramatic bullish activity. It will be important to see how the markets close today. Closes below the T-line will indicate more potential downside with a sideways movement as the best prognosis. Be ready to close out long positions that illustrate weakness. Short positions should be acting well.

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