New highs expected - 36K for DOW; 4500 for SP500 and 15K for Nasdaq. Sto...

Markets update for July 4 and stocks to buy - CAT,GOOG,DIS,AMC

In this video we talk about new targets for the market indices and how to use our screener along with use of the backtest feature. Also discussed are the stocks CAT,DIS,GOOG and how we traded SPLK.

Happy 4th of July to all

Trucharts.com

Higher highs as we predicted and stocks for next week - check out the vi...

Check out this video - we discuss the following topics and how we have been predicting higher highs and what to expect along with some of our picks.

See the agenda for the video below:

Key thesis and premise of our analysis and “WHAT WE HAVE BEEN SAYING”

Apr 11, 2021

• RISK IS HIGH – No change to this thesis – Markets are extended
• Markets will hit new highs – As expected – DJIA hit brand new high – As expected - hitting new highs
• March will be volatile – As expected – March was volatile – heading into earnings season now
• Being nimble in trading – still working well – Technicals are working well
• Not an investing but a trading market – No change here except for some big cap names
• Watching your technicals closely – MA’s, MACDs, RSI, CCI, CMF along with volume – Still using same indicators
• Using options for covered call and covered put strategies – Always using this as a good system for better ROI
• One on ones available for $99/hour
• Contact us – truchartscom@gmail.com
• Follow us on twitter - @trucharts

Markets update for the past week

• NASDAQ, DOW JONES and SP500
• From mar 13 - NEW HIGHS – DOW target 32000 – above and beyond now – new target - 35000; 
• NASDAQ holding in congestion/consolidation mode
• Current expectations – Still like DOW stocks – statement from Mar 13 – no change
• 
  
• Trades for next week – Retail stocks worth watching, tech volatile but not investable, Big cap names in DOW rule – same thesis from Mar 13 video
• What is our current investing theme – Trade tech with shorts and short term, and big cap names – seems to be working well
• Some SITE key features revisited
• 
  
• Subscribe to our youtube channel and trucharts.com site – Tradier brokerage

Please consult with your financial advisor before making investment decisions.

Not providing financial advice – just our analysis

What we expect markets to do next week - AMZN, AAPL, NFLX, WYNN, PTON, N...

Markets last week and what to expect next week..

Link to video:

https://youtu.be/vNzeBxQoj5Y

What we discuss in this video;

• Markets update for the past week and volatility NASDAQ – DIA,QQQ,SPY,SSO
• PDT – Pattern Day trader – What is that?
• Stocks we picked – DE, CAT, WYNN, AAPL, NFLX, AMZN, NVDA, MSFT 
• Short plays – how these worked out the past week
• Screener – CCI Buy and Sell scan
• Market outlook – Support and bounce?
• What we like for next week – Some trades for next week – housing stocks?
• Subscribe to our youtube channel and trucharts.com site
• Contact us – truchartscom@gmail.com
• Follow us on twitter - @trucharts

Stock trades for this week - AAPL, AMZN, FB, WYNN, MU,BYND,CAT,DE,XBI,QQ...

What we will talk in the video today.. Overall markets (Vaccine; expectations etc)

1. Markets update for the past week – DIA,QQQ,SPY,SSO

2. Stocks we picked – DE, CAT, EXPE, WYNN, MU (closed)

3. BYND trade

4. Biotech stocks ETFs – IBB; XBI; BIB

5. Tech Stocks – AAPL etc FAANMG

6. Backtest optimization – QQQ

7. Reports section – example

8. Breakdowns in software stocks – stocks summary

9. Market outlook

10. What we like for next week – Some shorts

11. Homework – find a long and short and email us for free 3 month subscription

12. Subscribe to our youtube channel and trucharts.com site

13. Contact us – truchartscom@gmail.com

14. Follow us on twitter - @trucharts

Trades this week - ROKU,WYNN,MU,DE,CAT,AAPL,FB.GOOG,MRNA, - markets, sho...

Weekend video update - check it out - Great picks for next week and some awesome charts

Weekend Video update - Aug 22

 

Things we talk about in the video:

1.Markets update for the past week – DIA,QQQ,SPY,SSO

2.Stocks we picked – DE, AAPL, HD, LOW, housing stocks and predictions (TOL, DHI, KBH)

3.Bank stocks – BAC, JPM,

4.EXPE broke above 200d

5.Dow stocks – CAT,DE,BA,JNJ,

6.AMD, NVDA, ANSS

7.WYNN, AMAT, MU, NXPI, PINS

8.MA examples – PANW, SPOT, IDXX,

9.Call options

10.RSI scanning

11.Software or SAAS stocks NOW, CRWD,ZS,COUP,OKTA and MACD patterns

12.Subscribe to youtube and site

13.Contact us – truchartscom@gmail.com

14.Follow us on twitter - @trucharts

Awesom video update this week - check it out...

 

What we traded this week - WYNN,AMAT,MU,NXPI and discuss the big cap names and NVDA.

• Markets update for the past week – DIA,QQQ,SPY,SSO
• Earnings upcoming - NVDA
• Bank stocks and Dow stocks – CAT,DE,BA,JNJ,AAPL,MSFT
• ETF page
• WYNN, AMAT, MU, MTCH, NXPI
• SHOP and shorting
• Candlestick vs OHLC bars
• Software stocks
• stock Z (Zillow group)
• Backtest feature another use case
• Software or SAAS stocks CRWD,ZS,COUP,OKTA and MACD patterns
• Subscribe, database issue update and screener example
• Contact us – truchartscom@gmail.com
• Follow us on twitter - @trucharts

https://youtu.be/h9VaZFpVN7A

 

B Bhatia

Markets update Aug 8th - How we made 40% on AMD in 20% on MTCH in a week.. and 40% on NVAX..

Markets update week ending Aug 8 and what stocks to watch for next week

In the video this week we discuss the following - check it out and watch the whole video - you will see how to make money...

1.Site features and what we offer (voice issue (video), real time quotes and charts, self funded, subscribe, database update and screener)

2.Markets update for the past week – DIA,QQQ,SPY,SSO

3.Multiple stock charts

4.How we traded and made a 40% return on AMD, over 20% on MTCH and over 30% on

   NVAX

5.Bank stocks, ETF page, Reports page (Dow 30), CAT,DE,DIS,JNJ,FDX,UPS (gap ups)

6.Moving average examples and breakouts for OLED, BYND, ANET, FVRR, NFLX, AAPL, FB

7.Our favorite stock Z (Zillow group) and how we close to doubled our money

8.Backtest feature

9.Heatmap issue and fix, update

10.Software or SAAS stocks CRWD,ZS,COUP,OKTA and MACD patterns

11.Contact us – truchartscom@gmail.com

12.Follow us on twitter - @trucharts

Video:

Markets update for week of Jul 27 - Jul 31 and picks for next week..

Check out our video for this week:

In this video we discuss overall markets update, NASDAQ and why we had traded AMD stock and made over 40%. We also discuss AAPL, FB, MTCH, CAT, DE, PINS,JPM, casino stocks and why and how critical support prices are used using moving averages. We also show how to use "gap ups" in the screener to find stocks that are poised to move higher and why volume is an important characteristic. We show which stocks we are going to buy next week and how you could have made a very good return if you had traded AMD as we had picked it. So please do subscribe to our youtube channel and also to our site - you could have paid for the site subscription many times over just with the profits from AMD. Good luck trading and leave us your comments, questions or email us. Follow us on twitter @trucharts.

Trucharts.com market udpate Jul 25. AMD, WYNN, LVS, INTC, QQQ, AAPL, MS...

Day trading at extremes and the fastest market bounce back

Day trading at extremes and the fastest market bounce back

Here we are - after being in the shortest bear market ever and the Fed unleashing the biggest money printing spree ever known in history, the markets responded and we recovered from the lows to climb back in the most ferocious fashion.. 

We bounced over 8K points in the DOW and crossed an all time high for the NASDAQ with everyone joining the bandwagon buying left and right - and the biggest short squeeze driving valuations and PE ratios one cannot even fathom..much less explain.. Analysts falling head our foot raising their price targets with no regard to the outcome or their actions... No justifications for their actions..Wow - sounds like the 1999-2000 bubble.. For companies to trade at 10x revenue is now considered to be cheap.... Then we have our wonderful day traders who proclaim they have found the holy grail to making billions and chastising greats like Buffet - you know who we are talking about.. 

These are crazy times with the Fed backing everything - we printed over $2T in a matter of 2 months and it took the US over 200 years to get to that number in debt... Think about it for a second.. We are going to kill the dollar and have severe inflation in the future - and the only safety is owning gold or precious metals. We stand steadfast in our belief that gold will rally to 3000 after the longest consolidation..

Tech stocks like AAPL, AMZN, GOOG, FB, MSFT - the FAANGS are trading at valuations in the TRILLIONS... These valuations rival GDP of several nations combined.... And yet not one analyst comes and says - hey we are in a bubble - those words are uttered by the smallest minority.. What we are seeing will leave the tulip bubble in the dust.. 

This is not over yet and we expect this to move much higher.. Our targets are still in place for DOW to get to 40000 by next year and 4000 for SP500.. Tech stocks will trade at numbers that will be dizzying... So keep buying - we are seeing breakouts even when the economy is not doing well from a consumer perspective... With so many unemployed and so many jobs lost, businesses shutting down - the Fed has basically backstopped the rich and are on the path to making them richer... This will drive housing prices higher and create another bubble in that sector... Long housing stocks.

Again - we recommend these stocks with caution knowing that the trend is still higher...

ZM         - chart here - https://trucharts.com/stockcharts.aspx?TICK=ZM    

PTON     - chart here - https://trucharts.com/stockcharts.aspx?TICK=PTON

BYND    - chart here - https://trucharts.com/stockcharts.aspx?TICK=BYND

NVDA     - chart here - https://trucharts.com/stockcharts.aspx?TICK=NVDA 

Be mindful of stops = only risk money you can afford to lose - day trading is still working well and is very profitable. Along with use of options - the returns are even better.. Use small leverage - no more than 2:1 but keep close stops and watch the charts. 

We are enhancing our site and provide real time quotes and will be adding trading soon.. Keep an eye out as you will have access to our site once you trade through our site zero commission trades, along with unlimited options trading for $30 per month.. Our buy/sell strategies are excellent and work well. But be mindful, these are technical signals only and are not driven by news etc..

Good luck trading.. We will post some new videos soon on how to use our screeners to find stocks.

Trucharts Founder

Bob

Bullish tone and wild markets - making money like crazy

Bullish tone and wild markets - making money like crazy

There are now some bullish undertones in the market with the VIX which had risen to an unsustainable level was a good sign that the huge bounce was coming. It was not only obvious from the VIX but also from many technical indicators that had become extremely oversold.. Many stocks had been driven own to the 200d MAs and the machines were starting to kick in - just check stocks like AMD, NVDA and SHOP. These are amazing times to make money in both directions long and short and that is why timing matters no matter what anyone says.. You could tell from the indicators that the markets were very stretched before the huge pullback and it was a big nasty correction of around 35% and if you were keeping an eye on the stocks that had moved down, you could have made a ton of money on the short side. And this rally we saw today was very expected based on the recent price action over the last 2 days of the previous week. The markets and many stocks were bouncing of the recent lows and today these stocks moved up very nicely and this was an excellent opportunity to make a lot of MONEY.. That is why we say technicals are important to understand and use as a way to make trades. We are sticking with over night and intra-day trades and that is the most optimum way to make money. There is nothing like buy and hold and go tell that to the guy who has been holding on to XOM and CVX and WYNN and see what he says...about buy and hold strategy..

Options are another way to really enhance your returns and yet people do not want to even spend 5 minutes a day to learn basics about options and how they can boost your returns.. I feel sad for these people... Educated engineers and scientists who will delve into complex equations and designs will not spend even 30 minutes a day or even a week to figure out simple technical trading skills and learn basics about options - what a joke.... Anyway - we are recommending to go long here and the markets are down quite a bit and we think the DOW (DJIA) has to move to around 23500 and all the components of the DOW should also move up - we like every stock here except oil related stocks.. Tech stocks are a good bet for trading and we like BA - Boeing (we are long) and WDC... we closed our ROKU position but we still like it on a pullback - check out EXAS and PANW for some good trades. We like DE, CAT, ISRG...

Follow us on twitter @trucharts for our daily updates and stock picks - also check the screener on our site along with the stock charts page for real time charts, quotes and fundamental data.

We are working on a technical alerts system from our site and this should be ready soon..

Good luck trading..

Bob B.

Founder/CEO

Trucharts.com

After a long time and another crazy market

Crazy markets and bubbles in process:

It has been quite some time since we wrote up our thoughts on where we are on the markets and the latest news.

We have been steadfast in our commentary that this market is a bubble which has grown bigger after Trump's election. Stocks were moving up exponentially and some still are - and we are seeing this in primarily the software companies and this sector is trading at unheard of valuations.  Majority of these stocks are trading at valuations that are reminiscent of the dotcom stocks..

Just go check the list and price/sales ratios of some of these companies - check stocks like TEAM, NOW, ZS, OKTA, SPLK, ADBE, SHOP and many others in this sector. The list is long and we will publish a table of these so you can see this crazy bubble behavior.

Take a look $TSLA - stock moves over $100 per day. Stocks like $AAPL have moved over 80% in less than a year and yet many other big cap tech names are moving in an exponential fashion. This is all a result of the Fed, PBOC, BOJ and ECB money pumping into the system - revenue growth is less than 10% - eps growth YoY is stagnant - yet stocks keep moving up.. Low interest rates and the Fed put are going to make this bubble much bigger - we expect the Dow to go to 40000 and NASDAQ to cross 10000. So for now the tagline is - Just Keep Buying - not a single Fed member has uttered the words bubble - at least Greenspan had the balls to utter the words 'irrational exuberance'. At present, we are way beyond irrational exuberance uttered words with EV/S (Enterprise value to Sales) ratio at the highest level in history along with P/S (Price to Sales) ratios of many companies at unheard of levels - just take a look at PAYC - trading at over 27 times revenue - and the Fed bobble heads - say valuations are little high - I think these guys smoke pot together in a room and get high - Yellen/Bernanke have taught Mr Jay (we cal him Jerry from Tom and Jerry) that bubbles are good and to keep pumping..the money spigot...

So if you ain't making money in this market - guess who is the monkey.. The Fed is giving a hand to everyone to make insane amount of money and if you do not see it - its your fault.. Stocks are being traded by the machines and have become insanely predictable... Go check our site in the screener section and why we run certain screens - these are to quickly identify stocks that we can trade..

Here are the links - we have a multiple technical screener and a single dynamic screener:

https://trucharts.com/drpScanner.aspx
https://trucharts.com/Scanner.aspx

The big industrial stocks are crumbling but everyone in the DOW is moving to stocks like UNH, MA, AAPL and MSFT. Stocks like CAT, DE are trading at reasonable prices - but not from a fundamentals perspective. Make a list and trade it.. hold for a day or so and then sell it.. This is not a buy and hold market. We will do a video and post it on youtube channel and publish the link in an upcoming blog post.

Here is a suggestion - look for stocks trading at RSI (Relative strength index less than 30). Or Bullish MACD crossover stocks.

We are now providing free real time quotes and charting on our site. Check it out and for a small annual fee you can get access to our technical alerts.

https://trucharts.com/StockCharts.aspx - for charts and company detailed data.

Now time to make some $$$$..

Good luck trading.

Fed meeting, gold, tech stocks and where we are headed

Fed Meeting - Fed stance, Gold and Where markets are headed

So the Fed meeting was over last week and they raised the rates by 0.25bp. In addition, indicated that they need to start winding down their balance sheet. Whoa!! Is Grandma Yellen and the Fed waking up to the scenario that they are the primary cause of the bubble - well surprise, surprise - they and all Central banks have co-ordinated this massive bubble and they have no idea how to truly unwind it. Stocks are trading at ridiculous valuations and at levels above the 2007 peak. The 1999-2000 peak was a real bubble of truly massive proportions - but we are now in an all out massive bubble in all assets except gold (maybe).

Tech stocks are valued at the highest EV/Sales ratio, high PE's and the insiders are cashing out. Does that sound familiar? Right now machines are trading and there we believe will be the catch 22 and the main risk. We can tell via our intraday charts when machines kick into the trades. Right now machines are running the show and there is very little human intervention. In addition, complacency is running at lows and we expect this to stay this way possibly through the summer.

We had predicted that the DOW stocks would hit new highs and many of the big names are hitting new highs. Our prediction of Dow 21500 was met this week and we do not see any reason for now that would not allow it to move higher.

We trade on technicals and these seem to be working very well - as we think the machines are programmed to work on technical signals. This is another reason to use our reports page to identify stocks that meet certain technical criteria.

So which stocks do we like - and how does one protect your portfolio.

Based on our analysis, we are seeing a move into the Dow component stocks and big names. We still like AAPL as it is cheap 0 but we would wait for a nice pullback before taking a position. We like BA, MDT, JNJ, CAT and DE. These are looking strong. 

We would take profits in tech stocks as we thinkthe tech cycle and bubble is over and although we may see signs of a rebound - we would sell into the rallies. There is definite rotation going on and tech is not the place to be at least for the summer or until the IPHONE 8 announcement happens. We are short NVDA and will stay short. We are long puts on NVDA also. 

We believe that the Fed is on a tightening and liquidity draining from the system and this will result in a profit taking in tech stocks as these are overvalued on all key parametrics - except for AAPL. In addition, please keep tight stops at around 8% to 10% or at 5% below 50d SMA depending on your buy price.

Check out our site - we offer AI based trading algorithms with clear buy/sell signals, end of day technical reports which work great to find good stocks to trade or buy.

We do not like gold as the Fed is in tightening mode and draining liquidity.

Good luck trading. 

Check out our site tour youtube video at -  

https://www.youtube.com/watch?v=dFC5iVaTkQY