Friday, April 29, 2016

WEEKLY AND MONTHLY WRAP UP FOR 4/29/2016

(double click for larger view)

No change in the breath indicators this week,  the main men $NYAD remains on a buy signal and looks very good, $NYSI, $NYHL and $NYMO all remain on buy signals as well.  


The big index, $NYA, is at a pretty critical point right here, it's been r-eeeeeeeeeeeee....... JECTED, at the double top from the highs last November, which are also the July lows before the crash into August and October.

Kind of confirming this "shaky" situation is the Point and Figure charts for the big boys,  the INDU at the top is on a "Double Bottom Breakdown on 4/28" while the SPY is on a "High Pole Warning from 4/25", both the $NYA and $COMPQ have NO SIGNALS.


The good news is that the P and F for the new leader of the pack, IWM,  is on a "Ascending Triple Top Breakout on 3/30" 


There are only two candle glance charts on sell signals, the 20 SMA below the 50, that's $USD and $TNX, the $COMPQ have the worst looking chart of the major indexes, although even after five down days in a row the 20 SMA has barely moved to the down side.


All of the Bullish Percent indexes are on buy, but we are definitely getting some down ward movement in a number of them, like $BPDISC, $BPHEAL, $BPINFO, $BPSTAP, and it's kind of strange that there has hardly been any movement at all in $BPCOMPQ, it hasn't even broken under the 20, I guess that is a positive divergence for the NasDOGS.


All sectors are still on buy, the XRT in the lower right corner is right on the verge of a negative cross.  


GDX was the huge winner in my 77 markets this week, up 14.34%, as I guess any shorts left over are getting the holy shit squeezed out of them. The top 10 are all commodity related, if you aren't in right now I'd wait until they double or triple from here, or even better make new ATH's ..............................
None of our major markets were on the first page, you had to go to page two where TLT popped up, the big winner at up .79% on the week as inwestors were fleeing to the safety of bonds, with all the great stock market news.


I could have sworn that Abenomics were the greatest thing like, EVER, but they seem to be leading the wrong column this week, down 6.47%, the NasDOGS were the big loser of our majors, QQQ down 2.99%, then IWM -1.43%, DIA -1.28%, with the SPY our big gainer on the week, "only" down 1.26% on the week.
Ya Know, IF, I was a smart ass, I might look at all those commodity prices going Up this week, and our stock markets going DOWN, and say that inwestors don't like rising commoity prices, but since I'm NOT a smart ass, I won't say any thing...............


Here's the big winner's for the past month, no surprise I guess that GDX was the winner, in fact the list is pretty close to the weekly winner's list, you had to go to page two to find our big major winner, IWM up a massive 1.67% in what is the BEST month during the year, April, DIA was numero Doce at .61%, then SPY at .39%, which is practically a rounding error on a daily basis, much less a "gain" for the entire month............


Here's the big loser's for the month, the good Ole NasDOGS show up in the number six spot at -3.19%, almost all of it due to this past week, TLT was down .74% so I guess inwestors were NOT fleeing into bonds on a monthly basis, there were only 16 loser's on the month, pretty impressive, and NONE of them were emerging markets, other than Ireland at number 16.


Here's the beeg wiener's in the SP 500 this week, FCX is in the number 3 spot after they reported earnings............ eeeeerrrrrrrrrrrrrrrrrr, actually, Bloomberg explains why they were higher, Freeport Cuts Energy Jobs After Posting Sixth Straight Loss at Bloomberg
It's great isn't it, hahahahahaha, but like some one I read mentioned they were actually cash flow positive, so I guess that enables them to pay for that 4.18 BILLION dollar loss this quarter AND the more than 20 BILLION dollars they have in debt, the "FLY" says they are going to RIP investor's some where down the road here and issue new debt, sssooooooooooo, I'd ride it to Da Moon but watch my back on this one...........
6 stocks had 52 wk highs Friday vs 15 last week, 3 had lows vs 2 last week, 23 were on 20 day highs vs 110 and 97 on lows vs 47, 4 had an RSI above 80, STJ, BSX, LLL and IRM, 3 were below 20, HRB, PRGO and SRCL.


Here's the monthly winners, mostly energy and metal stocks as they magically go higher after all the bear market mentions by Bubblevision.  


And here's the loser's for the week, no surprise to see XRX on the list, I AM surprised to see GLW down 11%, if I had to guess I'd say it was APPL related with their gorrilla glass, I'm just guessing there.............. I'm also a little surprised at FSLR down 9.26%, as POTUS is going to spend TRILLIONS of our tax dollars on the "for ever" wave of the future.........................


Here's the monthly loser's, I see FSLR on this list as well as XRX, STX, WDC and AAPL on this list have to give Tech investors a whole bunch of confindence............ is a slow down in tire sales, AKA, GT, a sign of a slowing auto market, AKA, 2007?????????????

Housing: At the Edge of Another Huge Cliff?.


"How likely is a recession in the U.S.?"
Our friends at Elliott Wave International kindly share with us this report from the February issue ofThe Elliott Wave Financial Forecast, their flagship monthly publication.
It tells you about three factors you should be aware of that make a U.S. recession likely.
As usual, the Elliott wave guys give you an unconventional perspective.

Wednesday, April 27, 2016

"POSSIBLE" TRADE "IDEA" FOR 4/28/2016 FROM IVICA

Sign Up for Ivica's Free Trial and Trading 
Signals Click Here!

ABX- LONG IDEA
trading plan
long at 16.75, stop at 16.35, target 18 - open area 
swing trade


WHOOP, WHOOP, WHOOP, DANGER, DANGER, POSSIBLE MARKET VOLATILITY AHEAD,  ETC ETC, TRADE AT YOUR OWN RISK!!!!!!

STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS AND HAVE NO COMPREHENSIVE TRADING PLAN OR NO STOPS IN PLACE YOU WILL UNDOUBTEDLY LOSE ALL OF YOUR MONEY, PLEASE READ THE DISCLAIMER AND PRIVACY POLICY AT THE BOTTOM OF THE WEB SITE. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES (JUST LIKE GOLDMAN SACHS, HAH!).
TAKE ONLY THE OPPORTUNITIES THAT YOU REALLY LIKE AND UNDERSTAND. ALWAYS ENTER A TRADE WITH A TRADING PLAN. THE PRIMARY FOCUS IS TO FIND SWING TRADES BY USING INTRADAY SETUPS THAT HAVE A POTENTIAL TO BECOME SWING TRADES. OUR MAIN FOCUS AS TRADERS IS TO TAKE HIGH PROBABILITY AND R/R TRADES AND CONTROL OUR RISK.
Further, any opinions, analyses, prices, or other information contained on this blog page is provided for educational purposes only, and does not constitute investment advice or solicitations to trade. We are NOT Investment Advisors, so please consult your own investment adviser before committing any actual funds to the markets. 

CAUTION IS ADVISED!!


Starting at 9 a.m. ET Wednesday, April 20, our friends at Elliott Wave International are "opening the doors" to their entire line of trader-focused Pro Services -- free for 7 days -- during: Pro Services Open House.Join your fellow Elliott wave traders for 7 free days of forecasts now.

Sunday, April 24, 2016

"POSSIBLE" TRADE "IDEAS" FOR 4/25/2016 FROM IVICA

Sign Up for Ivica's Free Trial and Trading 
Signals Click Here!

AME- LONG IDEA


 ENTRY OVER HOD AND STOP UNDER LOD, ACCEPT SHORTS OF COURSE. 


WSM- LONG IDEA


NVDA- SHORT IDEA



WHOOP, WHOOP, WHOOP, DANGER, DANGER, POSSIBLE MARKET VOLATILITY AHEAD,  ETC ETC, TRADE AT YOUR OWN RISK!!!!!!

STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS AND HAVE NO COMPREHENSIVE TRADING PLAN OR NO STOPS IN PLACE YOU WILL UNDOUBTEDLY LOSE ALL OF YOUR MONEY, PLEASE READ THE DISCLAIMER AND PRIVACY POLICY AT THE BOTTOM OF THE WEB SITE. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES (JUST LIKE GOLDMAN SACHS, HAH!).
TAKE ONLY THE OPPORTUNITIES THAT YOU REALLY LIKE AND UNDERSTAND. ALWAYS ENTER A TRADE WITH A TRADING PLAN. THE PRIMARY FOCUS IS TO FIND SWING TRADES BY USING INTRADAY SETUPS THAT HAVE A POTENTIAL TO BECOME SWING TRADES. OUR MAIN FOCUS AS TRADERS IS TO TAKE HIGH PROBABILITY AND R/R TRADES AND CONTROL OUR RISK.
Further, any opinions, analyses, prices, or other information contained on this blog page is provided for educational purposes only, and does not constitute investment advice or solicitations to trade. We are NOT Investment Advisors, so please consult your own investment adviser before committing any actual funds to the markets. 

CAUTION IS ADVISED!!


Starting at 9 a.m. ET Wednesday, April 20, our friends at Elliott Wave International are "opening the doors" to their entire line of trader-focused Pro Services -- free for 7 days -- during: Pro Services Open House.Join your fellow Elliott wave traders for 7 free days of forecasts now.

Saturday, April 23, 2016

WEEKLY WRAP UP FOR 4/22/2016

I have to say that after catching up on Twitter this morning I think I've seen more baffling bull shit than I've ever seen before, I don't know if it's a turning point or not, sigh .............


 The only markets NOT on a buy signal, 20 SMA above the 50 SMA, is the dollar, $USD, although it ended the week with three strong up days, interest rates, $TNX, and gold, GLD, although the 20 SMA actually turned higher and the 50 is still rising sharply.
75 stocks on the NYSE had new 52 wk highs vs 108 last week, 8 stocks made new lows vs 5 last week, 42 stocks were on PSAR buy signals vs 80 last week, and 105 were on a PSAR sell signal vs 36 last week, over all the numbers were much weaker than last week. 
In my market monitor of about 2900 stocks  146 stocks were 4% HIGHER for the week vs 55 last week, only 28 were 4% lower vs 36, 63 hit 52 wk highs vs 81 last week and only 5 stocks hit lows. 

No reason to show the breath indicators, there was no change this week, accept maybe better. 


There are no Bullish Percent indexes NOT on buy.


There are no sectors NOT on a buy signal, again, but two of them, XLP and XLU, had a lousy close to the week and both crashed through their rising 20 and 50 SMA's.
According to S and P XLP and XLU have two of the highest peg's in the index, 2.52 and 3.57 respectively, so they have no growth to go along with the high P/E's. Speaking of P/E's S and P is "estimating" $24.56 for this quarter, which would give it $89.28 for the last year, which gives the index a TTM P/E of 23.43, not super high like 28.31 at the market high in March of 2000, but higher than the 20.68 at the high in October of 2007, right before the great recession.


Commodities were all the rage this week in my 77 markets, with Nat gas, oil and materials on the first page, which was good for countries such as RSX and EWC, missing the first page were our major markets, IWM led at 1.48% for week, followed by DIA at .68%, the SPY at .57%, nothing which is reason to get real excited about but still much better than the major loser on the week, the NasDOGS, QQQ down -1.50% on the week as the FANG stocks kind of bit the index.


There were 25 loser's this week compared to 13 last week, those two I mentioned above, XLU and XLP, figured prominately at numero UNO and number 4, it was a bad week for bonds as well with TLT down 2.67%, I guess EWZ might have gotten a little ahead of itself as it appears she will continue to fight the impeachment to the end.


Here's the beeg wiener's in the SP 500 this week, a lot of energy stocks followed oil higher this week.

15 S and P stocks closed the week at 52 wk highs vs 12 last week, there was 110 at 20 day highs vs 69 and 47 at lows vs 16 last week, 8 stocks had an RSI 14 above 80 vs 4 last week, and ZERO stocks showed up under 20, AGAIN, as there are no over sold stocks to consider, which puts quite a crimp in my over all interest in the "markets". 360 stocks had an RSI above 50 vs 417 the prior week, so, DESPITE, finishing higher on the week the over all breath fell slightly.


Two "FANGER's" were on the first page of the loser's list this week, NFLX and GOOG, with number three in market cap MSFT down 6.95% on the week, I mention them as they are just ridiculously expensive, even compared to XLU and XLP, with a PEG of 4, P/S of 4.63, and a TTM P/E of 36.88, I mean, hahahahahahahahaha........... well, it, WOULD, be funny, if it wasn't so true, sigh, what a piece of shit market when a stock like that has numbers like that .........................

Starting at 9 a.m. ET Wednesday, April 20, our friends at Elliott Wave International are "opening the doors" to their entire line of trader-focused Pro Services -- free for 7 days -- during: Pro Services Open House.Join your fellow Elliott wave traders for 7 free days of forecasts now.


Monday, April 18, 2016

"POSSIBLE" TRADE "IDEAS" FOR 4/18/2016 FROM IVICA

Sign Up for Ivica's Free Trial and Trading 
Signals Click Here!

NGD- LONG IDEA


 Trading plan: 
entry price: $4.20
stop price: $4.08
target: $4.50 - 4.75 - 5 area
Type: day - swing trade


GRMN- LONG IDEA
Trading plan: 
entry price: $42.30
stop price: $42.00
target: $44 area
Type: day - swing trade
SRCL- SHORT IDEA
Trading plan: 
entry price: $124.98
stop price: $125.50
target: $123.50 - open area
Type: day - swing trade

SSNC- SHORT IDEA
Trading plan: 
entry price: $59.95
stop price: $60.45
target: $58 - 57.50 area
Type: day - swing trade

WHOOP, WHOOP, WHOOP, DANGER, DANGER, POSSIBLE MARKET VOLATILITY AHEAD,  ETC ETC, TRADE AT YOUR OWN RISK!!!!!!

STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS AND HAVE NO COMPREHENSIVE TRADING PLAN OR NO STOPS IN PLACE YOU WILL UNDOUBTEDLY LOSE ALL OF YOUR MONEY, PLEASE READ THE DISCLAIMER AND PRIVACY POLICY AT THE BOTTOM OF THE WEB SITE. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES (JUST LIKE GOLDMAN SACHS, HAH!).
TAKE ONLY THE OPPORTUNITIES THAT YOU REALLY LIKE AND UNDERSTAND. ALWAYS ENTER A TRADE WITH A TRADING PLAN. THE PRIMARY FOCUS IS TO FIND SWING TRADES BY USING INTRADAY SETUPS THAT HAVE A POTENTIAL TO BECOME SWING TRADES. OUR MAIN FOCUS AS TRADERS IS TO TAKE HIGH PROBABILITY AND R/R TRADES AND CONTROL OUR RISK.
Further, any opinions, analyses, prices, or other information contained on this blog page is provided for educational purposes only, and does not constitute investment advice or solicitations to trade. We are NOT Investment Advisors, so please consult your own investment adviser before committing any actual funds to the markets. 

CAUTION IS ADVISED!!


Starting at 9 a.m. ET Wednesday, April 20, our friends at Elliott Wave International are "opening the doors" to their entire line of trader-focused Pro Services -- free for 7 days -- during: Pro Services Open House.

Friday, April 15, 2016

WEEKLY WRAP UP FOR 4/15/2016


Continuing with the chart of the $NYA for the last week and weeks we FINALLY made the break over that consolidation, we had a BBSqueeze working in the green circle and triggered green on Thursday, and, "GENERALLY", the signal is good for about 8 bars, on average. 
Another good thing is the green circle on the chart, we closed OUTSIDE the upper bollinger band for the last three days, AND, had two wonderful little Doji's the last two days, I mean, this thing is so stinking UGLY the Pajama trader's on Sunday night will probably have no problem taking the futures to Da stinking MOOOOOOOON!!!

We broke out on Wednesday when JPM reported earnings that were 6.8% LOWER than the first quarter last year, and then sealed the deal when BAC reported earnings that were 22% LOWER than last year, I mean, we get a LOT more earnings next week and the following and if they can just be as SHITTY as this week, then, we should have no problem making new ATH's, WOOOOOO STINKING HOOOOOOO!!!!!!!


This actually is good as the main men, the $NYAD's, continue to LEAD the markets higher, as they've broken above the high's of last November while the index itself has not, according to this it should be just a matter of time. 

108 stocks on the NYSE had new 52 wk highs vs 97 last week, 5 stocks made new lows vs 10 last week, so weaker was better,  80 stocks were on PSAR buy signals vs 176 last week, only 36  were on a PSAR sell signal vs 42 last week, a much stronger close to the week.
In my market monitor of about 2900 stocks only 55 stocks were 4% HIGHER for the week vs 337 last week, MUCH weaker, but only 36 were 4% lower vs 584, so MUCH better than last week. One thing that just sticks out to me is that out of those almost 2900 stocks on 2, TWO, hit 52 week lows on Friday, HRB and STX, just a real bottom fisher's paradise, AIN'T IT!!!


 The only markets NOT on a buy signal from last week, 20 SMA above the 50 SMA, is the dollar, $TNX fell to a sell signal, and, SURPRISINGLY, GLD is right on the verge of a new SELL signal, wow, I'm impressed, it might give me a chance to get into GDX at lower levels.

There are no Bullish Percent indexes NOT on buy.


There are no sectors NOT on a buy, again, and the ones that looked bad last week, XLF and XRT, completely rebounded this week, and speaking of XLF if we can get some more REALLY lousy earnings next week it, MAY, move to ATH's!!!!!!!


EWZ was number four in my 77 markets this week, but has an impeachment vote coming out on Sunday, so who knows what will happen there. EPU continues to rip, and, why, I have NO idea, although materials are also ripping like XME, SLV, GDX, XLB, OIH, emerging markets did well this week, like EWA............... eeeeeerrrrrrrr, I mean, EEM..............
Our best major market had the IWM going from worst to FIRST, up 3.06% for the week,  DIA up a paltry 1.72%, then SPY,1.60%, the NasDOGS brought up the rear, QQQ 1.50% for the week.


Only 13 loser's this week, UNG just continues to act like doggie poop, XLP was NOT so stable, down a WHOPPING .70% on the week ...........


Here's the beeg wiener's in the SP 500 this week, I see some of those monster earning banks on the list, FCX continues to amaze, it is still losing MORE per share than it's stock price, hahahahahahahaha, (-11.20), vs a $10.86 stock price, maybe next week it gets above that level..........

12 S and P stocks closed the week at 52 wk highs vs 18 last week, there was 69 at 20 day highs vs 57 and 16 at lows vs 35 last week, 4 stocsk had an RSI 14 above 80, CPGX, NVDA,  UTX and WY, and ZERO stocks showed up under 20.


STX and WDC are prominent on the loser's list,  I heard it was weak computer sales in China, hhhhmmmmmmm, MKC showed up as I guess pepper is OUT now, CPB is down at the bottom, I mention those two staples as they both have a P/E of about 28, that's, TWENTY STINKING EIGHT, I mean, my god man ........... sigh, wad ever, I guess in the NEW paradigm they are CHEAP ..............

Starting at 9 a.m. ET Wednesday, April 20, our friends at Elliott Wave International are "opening the doors" to their entire line of trader-focused Pro Services -- free for 7 days -- during: Pro Services Open House.Join your fellow Elliott wave traders for 7 free days of forecasts now.


Sunday, April 10, 2016

"POSSIBLE" TRADE "IDEAS" FOR 4/11/2016 FROM IVICA

Sign Up for Ivica's Free Trial and Trading 
Signals Click Here!

SCI- LONG IDEA


 ENTRY OVER HOD AND STOP UNDER LOD, ACCEPT SHORTS OF COURSE. 


AMZN- LONG IDEA

MCK- LONG IDEA


UTHR- SHORT IDEA



WHOOP, WHOOP, WHOOP, DANGER, DANGER, POSSIBLE MARKET VOLATILITY AHEAD,  ETC ETC, TRADE AT YOUR OWN RISK!!!!!!

STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS AND HAVE NO COMPREHENSIVE TRADING PLAN OR NO STOPS IN PLACE YOU WILL UNDOUBTEDLY LOSE ALL OF YOUR MONEY, PLEASE READ THE DISCLAIMER AND PRIVACY POLICY AT THE BOTTOM OF THE WEB SITE. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES (JUST LIKE GOLDMAN SACHS, HAH!).
TAKE ONLY THE OPPORTUNITIES THAT YOU REALLY LIKE AND UNDERSTAND. ALWAYS ENTER A TRADE WITH A TRADING PLAN. THE PRIMARY FOCUS IS TO FIND SWING TRADES BY USING INTRADAY SETUPS THAT HAVE A POTENTIAL TO BECOME SWING TRADES. OUR MAIN FOCUS AS TRADERS IS TO TAKE HIGH PROBABILITY AND R/R TRADES AND CONTROL OUR RISK.
Further, any opinions, analyses, prices, or other information contained on this blog page is provided for educational purposes only, and does not constitute investment advice or solicitations to trade. We are NOT Investment Advisors, so please consult your own investment adviser before committing any actual funds to the markets. 

CAUTION IS ADVISED!!


(Interview) Don't Be Fooled: News Does NOT Drive the Markets
See a fresh example in the MSCI Emerging Markets Index

By Elliott Wave International

Mark Galasiewski, the editor of our monthly Asian-Pacific Financial Forecast, explains how using the news to predict the markets is "meaningless."

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