Archives for April 2017

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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April 12th Daily Marker Comments

The indexes have been trading below the T-line for the past 4 to 5 trading days. But each day has been a very indecisive trading day, Doji’s. The sideways motion of the market would be obvious when analyzing any chart, however a candlestick chart provides additional evidence that the sideways motion of the market is including indecisive trading days. This clearly reveals there is no conviction from either the Bulls or the Bears. What should this be telling us? To be prepared for a dramatic move, usually indicated by a gap one way or the other. Although the market direction is not doing anything, be ready.

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April 11th Daily Market Comments

If the markets close near the low end of their trading range, it will reveal that the indecisive trading over the past two weeks at the T-line was acting as a resistance level. The 50 day moving average has been acting as support. But if the Dow closes below the 50 day moving average, a downtrending channel will remain in progress. The NASDAQ is currently trading below the T-line and at the 50 day moving average. The indecisiveness/weakness of the markets are being blamed upon the lack of scheduling for tax cuts. Many long positions are showing a lack of bullish conviction whereas the short recommendations continue to move lower with more enthusiasm.

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Trending Stocks: HOFT, JAZZ, SQM, STZ

Hooker Furniture Corp. (HOFT)

Chart for HOFT

Over the next 13 weeks, Hooker Furniture Corp. has on average historically fallen by 5.6% based on the past 14 years of stock performance.

Hooker Furniture Corp. has fallen lower by an average 5.6% in 9 of those 14 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 Hooker Furniture Corp., based on historical prices, is 3 weeks. Should Hooker Furniture Corp. stock move in the future similarly to its average historical movement over this duration, an annualized return of 30% could result.

Jazz Pharmaceuticals plc (JAZZ)

Chart for JAZZ

Over the next 13 weeks, Jazz Pharmaceuticals plc has on average historically risen by 34.4% based on the past 9 years of stock performance.

Jazz Pharmaceuticals plc has risen higher by an average 34.4% in 6 of those 9 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 Jazz Pharmaceuticals plc, based on historical prices, is 22 weeks. Should Jazz Pharmaceuticals plc stock move in the future similarly to its average historical movement over this duration, an annualized return of 232% could result.

Sociedad Quimica y Minera De Chile S.A. (SQM)

Chart for SQM

Over the next 13 weeks, Sociedad Quimica y Minera De Chile S.A. has on average historically risen by 7.3% based on the past 23 years of stock performance.

Sociedad Quimica y Minera De Chile S.A. has risen higher by an average 7.3% in 12 of those 23 years over the subsequent 13 week period,corresponding to a historical probability of 52%

The holding period that leads to the greatest annualized return for Sociedad Quimica y Minera De Chile S.A., based on historical prices, is 1 week. Should Sociedad Quimica y Minera De Chile S.A. stock move in the future similarly to its average historical movement over this duration, an annualized return of 91% could result.

Constellation Bra (STZ)

Chart for STZ

Over the next 13 weeks, Constellation Bra has on average historically risen by 7.4% based on the past 25 years of stock performance.

Constellation Bra has risen higher by an average 7.4% in 18 of those 25 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 Constellation Bra, based on historical prices, is 14 weeks. Should Constellation Bra stock move in the future similarly to its average historical movement over this duration, an annualized return of 32% could result.

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