MONDAY
The index patterns still look weak on the bounce but plenty of leaders look strong.
The issue are stocks such as GOOG and AMZN that are lagging and thus holding the indices lower.
It could be a money switch back to less well known names. We will see.
It will require the less well known leaders we are seeing stepping up. Maybe they cannot move the entire market but can move themselves.
If that is the case we make some great money on those leaders. We will be willing to again put some money to work on a continued move but still in the context of a relief bounce.
Source: Investment House
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US - Market Direction 35 (Aug 13 - Oct 14)
US - Market Direction 35 (Aug 13 - Oct 14)
by winston » Mon Aug 26, 2013 6:31 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: US - Market Direction 34 (Dec 12 - Aug 13)
by winston » Mon Aug 26, 2013 6:36 am
SP500 gapped and rallied through the 50 day EMA.
Still on the bounce that for SP500 really started Thursday given Wednesday it gave up all of the Tuesday upside and a bit more.
Still room to run up to the gap point (lower at 1679 or 16 points).
Source: Investment House
Still on the bounce that for SP500 really started Thursday given Wednesday it gave up all of the Tuesday upside and a bit more.
Still room to run up to the gap point (lower at 1679 or 16 points).
Source: Investment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118900
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Re: US - Market Direction 34 (Dec 12 - Aug 13)
by winston » Tue Aug 27, 2013 6:01 am
NEW HIGHS OF NOTE LAST WEEK
Cigna (CI)… insurance
FedEx (FDX)… shipping
Chesapeake Energy (CHK)… oil and gas
Lions Gate Entertainment (LGF)… entertainment
Dreamworks Animation (DWA)… entertainment
Greenlight Capital (GLRE)… insurance
Netflix (NFLX)… movie rentals
Electronic Arts (EA)… video games
Take-Two Interactive (TTWO)… video games
Best Buy (BBY)… electronics retailer
Lowe's (LOW)… home improvement
PetSmart (PETM)… pet products
La-Z-Boy (LZB)… furniture
Pandora Media (P)… Internet radio
Green Mountain Coffee (GMCR)… coffee
Constellation Brands (STZ)… booze
Papa John's (PZZA)… pizza
Buffalo Wild Wings (BWLD)… restaurants
Red Robin (RRGB)… restaurants
Bob Evans (BOBE)… restaurants
MGM Resorts (MGM)… casinos
Halliburton (HAL)… oil services
NEW LOWS OF NOTE LAST WEEK
Chicos FAS (CHS)… clothing
Aeropostale (ARO)… clothing
American Eagle (AEO)… clothing
Vitamin Shoppe (VSI)… vitamins
Hatteras Financial (HTS)… virtual bank
Two Harbors Investment (TWO)… virtual bank
Annaly Capital Management (NLY)… virtual bank
Expedia (EXPE)… online travel
Weight Watchers International (WTW)… weight-loss
Taubman Centers (TCO)… shopping malls
Simon Property Group (SPG)… shopping malls
U.S. 20+ Year Treasury Bond Fund (TLT)… Treasury bonds
Vina Concha Y Toro (VCO)… largest wine producer in Latin America
Source: Daily Wealth
Cigna (CI)… insurance
FedEx (FDX)… shipping
Chesapeake Energy (CHK)… oil and gas
Lions Gate Entertainment (LGF)… entertainment
Dreamworks Animation (DWA)… entertainment
Greenlight Capital (GLRE)… insurance
Netflix (NFLX)… movie rentals
Electronic Arts (EA)… video games
Take-Two Interactive (TTWO)… video games
Best Buy (BBY)… electronics retailer
Lowe's (LOW)… home improvement
PetSmart (PETM)… pet products
La-Z-Boy (LZB)… furniture
Pandora Media (P)… Internet radio
Green Mountain Coffee (GMCR)… coffee
Constellation Brands (STZ)… booze
Papa John's (PZZA)… pizza
Buffalo Wild Wings (BWLD)… restaurants
Red Robin (RRGB)… restaurants
Bob Evans (BOBE)… restaurants
MGM Resorts (MGM)… casinos
Halliburton (HAL)… oil services
NEW LOWS OF NOTE LAST WEEK
Chicos FAS (CHS)… clothing
Aeropostale (ARO)… clothing
American Eagle (AEO)… clothing
Vitamin Shoppe (VSI)… vitamins
Hatteras Financial (HTS)… virtual bank
Two Harbors Investment (TWO)… virtual bank
Annaly Capital Management (NLY)… virtual bank
Expedia (EXPE)… online travel
Weight Watchers International (WTW)… weight-loss
Taubman Centers (TCO)… shopping malls
Simon Property Group (SPG)… shopping malls
U.S. 20+ Year Treasury Bond Fund (TLT)… Treasury bonds
Vina Concha Y Toro (VCO)… largest wine producer in Latin America
Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: US - Market Direction 34 (Dec 12 - Aug 13)
by winston » Mon Sep 02, 2013 8:24 pm
TUESDAY
Perhaps the news, i.e. the lack of a clear picture of what military action the US will take (imagine that when you are planning an attack; your opponent not know when and where and how) just accelerated an already dismal picture in the NYSE indices. Or maybe it was just no one wanted to venture out ahead of a three day weekend when the Tomahawks may start flying.
Maybe some questions will be answered this weekend, the long Labor Day weekend. Labor Day has led to some ugly market action in the past. At least the market is already beaten down some. I recall in the past calls from some 'names' that the market had topped for various reasons in September. Some of them came true. Friday Ralph Acampora was reiterating his call for DJ 12,000 (closed at 14,810) though he is still bullish longer term.
We will see. The indices don't look good. NASDAQ is the strongest as its uptrend continues, but it is more or less going lone wolf to the upside, holding its trend, the 50 day EMA and the July gap up point.
Still some great patterns out there but overall the market doesn't look great. NASDAQ and some leaders. SP500 and DJ30 look quite distressed while SP400 dives.
Again, perhaps something breaks over the weekend, but don't count on that. We will keep watching for solid upside, solid downside, keep positions that hold support, dump those that don't.
The indices are down about the same amount as in May and June, but this is also further along in the move and the Fed is talking taper; no automatic backstop. It is up to economic growth and stocks reflecting that prospect of growth. Gee, not too comforted by that, but we take what is given.
Source: Investment House
Perhaps the news, i.e. the lack of a clear picture of what military action the US will take (imagine that when you are planning an attack; your opponent not know when and where and how) just accelerated an already dismal picture in the NYSE indices. Or maybe it was just no one wanted to venture out ahead of a three day weekend when the Tomahawks may start flying.
Maybe some questions will be answered this weekend, the long Labor Day weekend. Labor Day has led to some ugly market action in the past. At least the market is already beaten down some. I recall in the past calls from some 'names' that the market had topped for various reasons in September. Some of them came true. Friday Ralph Acampora was reiterating his call for DJ 12,000 (closed at 14,810) though he is still bullish longer term.
We will see. The indices don't look good. NASDAQ is the strongest as its uptrend continues, but it is more or less going lone wolf to the upside, holding its trend, the 50 day EMA and the July gap up point.
Still some great patterns out there but overall the market doesn't look great. NASDAQ and some leaders. SP500 and DJ30 look quite distressed while SP400 dives.
Again, perhaps something breaks over the weekend, but don't count on that. We will keep watching for solid upside, solid downside, keep positions that hold support, dump those that don't.
The indices are down about the same amount as in May and June, but this is also further along in the move and the Fed is talking taper; no automatic backstop. It is up to economic growth and stocks reflecting that prospect of growth. Gee, not too comforted by that, but we take what is given.
Source: Investment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: US - Market Direction 34 (Dec 12 - Sep 13)
by winston » Tue Sep 03, 2013 8:06 pm
NEW HIGHS OF NOTE LAST WEEK
Zillow (Z)… online real estate info
Cigna (CI)… insurance
Humana ( HUM )… insurance
FedEx ( FDX )… shipping
Chesapeake Energy ( CHK )… oil and gas
Kodiak Oil and Gas (KOG)… oil and gas
U.S. Oil Fund (USO)… oil fund
Halliburton ( HAL )… oil services
Tesco (TESO)… oil services
Lockheed Martin ( LMT )… "offense" contractor
Tesla Motors (TSLA)… electric cars
Harley-Davidson (HOG)… motorcycles
Dollar General (DG)… discount retailer
Best Buy ( BBY )… electronics retailer
Take-Two Interactive ( TTWO )… video games
Skechers ( SKX )… shoes
Under Armour (UA)… "sporting" products
Facebook (FB)… social networking
Netflix ( NFLX )… movie rentals
Wendy's ( WEN )… fast food
Green Mountain Coffee ( GMCR )… coffee
Tiffany ( TIF )… jewelry
Chiquita Brands ( CQB )… bananas
Krispy Kreme Doughnuts ( KKD )… doughnuts
Wynn Resorts ( WYNN )… casinos
MGM Resorts ( MGM )… casinos
Lions Gate Entertainment ( LFG) … movie studio
NEW LOWS OF NOTE LAST WEEK
IBM (IBM)… blue-chip tech giant
Aeropostale (ARO)… clothing
J.C. Penney (JCP)… struggling retailer
D.R. Horton (DHI)… homebuilder
iShares Malaysia (EWM)… Malaysian stocks
iShares Singapore (EWS)… Singaporean stocks
Indonesia Fund (IF)… Indonesian stocks
PowerShares India (PIN)… Indian stocks
Turkey Fund (TKF)… Turkish stocks
Source: Daily Wealth
Zillow (Z)… online real estate info
Cigna (CI)… insurance
Humana ( HUM )… insurance
FedEx ( FDX )… shipping
Chesapeake Energy ( CHK )… oil and gas
Kodiak Oil and Gas (KOG)… oil and gas
U.S. Oil Fund (USO)… oil fund
Halliburton ( HAL )… oil services
Tesco (TESO)… oil services
Lockheed Martin ( LMT )… "offense" contractor
Tesla Motors (TSLA)… electric cars
Harley-Davidson (HOG)… motorcycles
Dollar General (DG)… discount retailer
Best Buy ( BBY )… electronics retailer
Take-Two Interactive ( TTWO )… video games
Skechers ( SKX )… shoes
Under Armour (UA)… "sporting" products
Facebook (FB)… social networking
Netflix ( NFLX )… movie rentals
Wendy's ( WEN )… fast food
Green Mountain Coffee ( GMCR )… coffee
Tiffany ( TIF )… jewelry
Chiquita Brands ( CQB )… bananas
Krispy Kreme Doughnuts ( KKD )… doughnuts
Wynn Resorts ( WYNN )… casinos
MGM Resorts ( MGM )… casinos
Lions Gate Entertainment ( LFG) … movie studio
NEW LOWS OF NOTE LAST WEEK
IBM (IBM)… blue-chip tech giant
Aeropostale (ARO)… clothing
J.C. Penney (JCP)… struggling retailer
D.R. Horton (DHI)… homebuilder
iShares Malaysia (EWM)… Malaysian stocks
iShares Singapore (EWS)… Singaporean stocks
Indonesia Fund (IF)… Indonesian stocks
PowerShares India (PIN)… Indian stocks
Turkey Fund (TKF)… Turkish stocks
Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: US - Market Direction 34 (Dec 12 - Sep 13)
by iam802 » Wed Sep 04, 2013 12:50 pm
Market seems to be waiting for affirmative actions from Obama.
Still staying low in the 30s range. Hardly moving.
Still staying low in the 30s range. Hardly moving.
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: US - Market Direction 34 (Dec 12 - Sep 13)
by winston » Thu Sep 05, 2013 6:44 am
Super bullish for the Dow if this gets taken out! by Chris Kimble
Months ago the Power of the Pattern shared that the Dow could make it to the 16,000 level (see post here) Last month the Dow came within 350 points, less than 3% from the target.
The above chart reflects that numerous resistance lines all meet at price point (1) in the Dow. Was this heavy resistance the reason the Dow backed off around 800 points from the highs reached in the month of August?
In my 33-years in the business.... I don't know if I have seen such a cluster of resistance that happens to meet at one price point, that ties in some of the most important "Emotipoints" (key emotional highs and lows) dating back decades!
Observations....it would be super bullish for the Dow if it breaks above this resistance. On the flip side a break of rising support would NOT be good for the Dow, with this cluster of heavy resistance overhead!
http://blog.kimblechartingsolutions.com ... taken-out/
Months ago the Power of the Pattern shared that the Dow could make it to the 16,000 level (see post here) Last month the Dow came within 350 points, less than 3% from the target.
The above chart reflects that numerous resistance lines all meet at price point (1) in the Dow. Was this heavy resistance the reason the Dow backed off around 800 points from the highs reached in the month of August?
In my 33-years in the business.... I don't know if I have seen such a cluster of resistance that happens to meet at one price point, that ties in some of the most important "Emotipoints" (key emotional highs and lows) dating back decades!
Observations....it would be super bullish for the Dow if it breaks above this resistance. On the flip side a break of rising support would NOT be good for the Dow, with this cluster of heavy resistance overhead!
http://blog.kimblechartingsolutions.com ... taken-out/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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- Joined: Wed May 07, 2008 9:28 am
Re: US - Market Direction 34 (Dec 12 - Sep 13)
by winston » Mon Sep 09, 2013 6:22 am
MONDAY
Stocks start the week facing resistance brought about by a week of gains. That is typically not a bad scenario in a bull market as the market rallies to resistance, takes a breather, then takes it out.
Right now the market is still split with NASDAQ and SOX leading but facing resistance from their good moves, with NASDAQ continuing as the only index not to break its uptrend. RUTX is in the middle, trying to make it across to the leading indices. SP500, DJ30, and SP400 look weak, bouncing back up but in bear flags. The latter three have a lot to prove. Heck, even NASDAQ has a lot to prove.
With the indices unable to hold initial moves after a weak jobs report, it is somewhat clear investors are accepting the Fed will taper. They are accepting it without tanking the market, at least for now. How DJ30, SP500 and SP400 react this week tells just how enthusiastic that acceptance is.
That still does not guarantee a break higher from this resistance. Even so, we like the patterns that continue to develop in the market. Internet still leads, techs are doing well, chips are stepping up, even some energy and commodities are turning. With leadership forming up the market has a shot because it has fresh legs coming in. AAPL is set to breakout and if it does then the market has a big component to help NASDAQ head upside.
This week we will see some of the plays we have try to finish a test or put in a short test as the indices bump resistance and attempt to work through. We want to see those stocks break upside, and if they do then we, of course, step in. Some pretty bearish index patterns on NYSE and it will take leadership to turn them. Makes for an interesting week.
Source: Investment House
Stocks start the week facing resistance brought about by a week of gains. That is typically not a bad scenario in a bull market as the market rallies to resistance, takes a breather, then takes it out.
Right now the market is still split with NASDAQ and SOX leading but facing resistance from their good moves, with NASDAQ continuing as the only index not to break its uptrend. RUTX is in the middle, trying to make it across to the leading indices. SP500, DJ30, and SP400 look weak, bouncing back up but in bear flags. The latter three have a lot to prove. Heck, even NASDAQ has a lot to prove.
With the indices unable to hold initial moves after a weak jobs report, it is somewhat clear investors are accepting the Fed will taper. They are accepting it without tanking the market, at least for now. How DJ30, SP500 and SP400 react this week tells just how enthusiastic that acceptance is.
That still does not guarantee a break higher from this resistance. Even so, we like the patterns that continue to develop in the market. Internet still leads, techs are doing well, chips are stepping up, even some energy and commodities are turning. With leadership forming up the market has a shot because it has fresh legs coming in. AAPL is set to breakout and if it does then the market has a big component to help NASDAQ head upside.
This week we will see some of the plays we have try to finish a test or put in a short test as the indices bump resistance and attempt to work through. We want to see those stocks break upside, and if they do then we, of course, step in. Some pretty bearish index patterns on NYSE and it will take leadership to turn them. Makes for an interesting week.
Source: Investment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: US - Market Direction 34 (Dec 12 - Sep 13)
by winston » Mon Sep 09, 2013 6:27 am
SP500: Big doji at the 50 day EMA Friday, still with a rally on the rally but also unable to break the trend lower from early August.
Decision time this week for the large caps, i.e. do they follow NASDAQ and SOX higher? Can the latter two lead higher?
Source: Investment House
Decision time this week for the large caps, i.e. do they follow NASDAQ and SOX higher? Can the latter two lead higher?
Source: Investment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: US - Market Direction 34 (Dec 12 - Sep 13)
by winston » Mon Sep 09, 2013 8:18 pm
NEW HIGHS OF NOTE LAST WEEK
E*Trade Financial (ETFC)… brokerage firm
Cigna (CI)… insurance
Humana (HUM)… insurance
UnitedHealth Group (UNH)… health care
iShares Nasdaq Biotechnology Fund (IBB)… biotech stocks
ConocoPhillips (COP)… Big Oil
Kodiak Oil and Gas (KOG)… oil and gas
Halliburton (HAL)… oil services
Tesco (TESO)… oil services
Facebook (FB)… social networking
Salesforce (CRM)… business software
Lions Gate Entertainment (LGF)… movie studio
Netflix (NFLX)… movie rentals
Dish Network (DISH)… satellite television
Market Vectors Gaming Fund (BJK)… casinos
MGM Resorts (MGM)… casinos
Best Buy (BBY)… electronics retailer
Dollar General (DG)… discount retailer
Constellation Brands (STZ)… booze
CarMax (KMX)… used cars
Harley-Davidson (HOG)… motorcycles
Goodyear Tire (GT)… tires
Zale (ZLC)… jewelry
Under Armour (UA)… "sporting" products
NEW LOWS OF NOTE LAST WEEK
iShares Home Construction Fund (ITB)… homebuilders
Stanley Furniture (STLY)… furniture
Strayer Education (STRA)… secondary education
Simon Property Group (SPG)… shopping malls
Aeropostale (ARO)… clothing
American Eagle (AEO)… clothing
Source: Daily Wealth
E*Trade Financial (ETFC)… brokerage firm
Cigna (CI)… insurance
Humana (HUM)… insurance
UnitedHealth Group (UNH)… health care
iShares Nasdaq Biotechnology Fund (IBB)… biotech stocks
ConocoPhillips (COP)… Big Oil
Kodiak Oil and Gas (KOG)… oil and gas
Halliburton (HAL)… oil services
Tesco (TESO)… oil services
Facebook (FB)… social networking
Salesforce (CRM)… business software
Lions Gate Entertainment (LGF)… movie studio
Netflix (NFLX)… movie rentals
Dish Network (DISH)… satellite television
Market Vectors Gaming Fund (BJK)… casinos
MGM Resorts (MGM)… casinos
Best Buy (BBY)… electronics retailer
Dollar General (DG)… discount retailer
Constellation Brands (STZ)… booze
CarMax (KMX)… used cars
Harley-Davidson (HOG)… motorcycles
Goodyear Tire (GT)… tires
Zale (ZLC)… jewelry
Under Armour (UA)… "sporting" products
NEW LOWS OF NOTE LAST WEEK
iShares Home Construction Fund (ITB)… homebuilders
Stanley Furniture (STLY)… furniture
Strayer Education (STRA)… secondary education
Simon Property Group (SPG)… shopping malls
Aeropostale (ARO)… clothing
American Eagle (AEO)… clothing
Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
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