Trucharts Post thanksgiving blog update - week ending 11/28/2014

Trucharts Blog week ending 11/28/2014

Well what a Thanksgiving week this was. New records were set and the S&P500 had a close over it's 5d SMA for 30 consecutive trading days - a new record. Stocks closed positive for the week and then we had the energy complex stocks getting completely crushed after the OPEC announcement from Saudi Arabia - no production cuts and crude oil suffered one of the biggest drops since 2008. In line with this drop, the other commodities got crushed - gold down, copper down etc., and the big rail stocks also dropped. We indicated that, we think, this was a political move by Saudi Arabia, pressured by US, to put the pressure on Russia and Iran - whose biggest revenue comes from oil exports. Obviously this is bad for all oil producing countries and good for possibly some oil importing countries like India/Japan and others. It will help reduce their account deficits and should be good for the consumer. Tech stocks, biotech and health care stocks did well - but then pulled back at the end of the week. We think the markets are definitely extended here and the move up has been nothing short of being historical. The ISEE P/C ratio closed at 74 on Friday and we expect the markets to pull back this week. We will very likely see a drop in the commodity stocks and the energy stocks. We expect that the drop in energy prices will definitely impact the local economies of Texas, Oklahoma, Louisiana, North Dakota and the shale producers. Expect gold to drop to $1000 and below. We are staying short the gold miners that are still overpriced relative to their peers. Short AEM.

Biotech stocks are definitely in bubble state and it is not clear how long this will last. We are seeing some cracks but not there yet. Market breadth is narrow - meaning that the number of stocks moving up by sector is narrow. Consumer retail stocks should do well with oil prices dropping. GM was up - but we think this will be shortlived - auto subprime loans hit a new historical high and auto inventory for GM dealers is also very high. Along with the issues with the ignition switches, this will impact their bottom line. We are going to watch this one closely and wait for the right moment to short.

We are long QIHU, CYBR, YELP, WSM, BIS, and short AEM, DAL (with tight stops) and IBB.

Below is the link for some good reading this week - a good article on the markets and their direction.

http://www.businessinsider.com/long-term-stock-chart-pe-ratio-2014-10

Another very interesting article on the nature of of US consumption and our values:

http://www.zerohedge.com/news/2014-11-29/best-slave-slave-doesnt-know-hes-slave-america-today-4-pictures

Here are some charts for your enjoyment (all montly) we would short the XLE based on monthly chart:

Stocks to Watch - Post Thanksgiving Day

Stock Charts Free, Charting / Predefined Stock Scans at TruCharts.com:

Our stocks to watch list for tomorrow (we expect markets to head higher - we are in a bubble and in that environment - it is buy buy and buy) - here is the list:

MXIM, QIHU, TWTR, FB, WUBA, SIMO, AMKR

Have a great post thanksgiving holiday.

RECORDS and more records coming..Keep on buying and buying

We have been saying markets will close higher into the holidays & today a record high & 1st time the S&P closed > 5d SMA - 29 days in a row.

Happy Thanksgiving.

Trucharts Team

Markets update pre Thanksgiving AM - Stocks to watch

As we have been posting in our posts that the markets will go higher into the Thanksgiving holiday - that is what we are witnessing.  Records after records are being broken and the complacency is truly remarkable.  There is no question are we in a bubble.  The questions now is when it will break.  

Staying long into January next year.  Just take a look at a stock DE (Deere) even though it's forecast was light, the stock is barely down.  HPQ is up because of its split coming up next year.  Just keep trading, trading...

We know people like to have everything free - but we do not get anything for free - we pay for all the servers, data and the folks that work hard to make the site functional and help our users make money.  The full year subscription comes to less than $8 per month.

We like QIHU, TWTR and FB for short term trades.  

Long WSM, Short AEM, DAL and IBB.

Check out our special subscription offer at: 
http://www.trucharts.com/truCharts_Services.aspx

Happy Thanksgiving from the Trucharts team.

Trucharts.com - BUY SIGNAL FOR TGT STOCK - Stock Charts Free

Trucharts.com - BUY SIGNAL FOR TGT STOCK:

Stock Charts Free & Predefined with Stock Scans/Screener at TruCharts.com:  Check out this chart of TGT with our Fast trade Strategy and you can see the buy signal ws generated at around 60-61 and the TGT stock is now at around 72 - a 20% return if you would have used this strategy to buy the stock.

Here is the chart:

trucharts.com Positions update

Our positions: CYBR up 4+; WSM up 0.95; short AEM down 0.70; DAL short was down from our short price this morning and IBB was up today (still staying short).

Trucharts team

Trucharts.com – Weekly blog update and Stocks to Watch week ending 11/21/2014

Weekly Blog Update – Week ending 11/21/2014

Another week and another set of new highs in all the indices – PBOC cutting rates set off a rally in the markets Friday and the world central banks pumping heavy liquidity is driving markets higher.  The US markets are the sole investment for the world investors for the best returns. Stock markets and stocks are trending higher without a hint of any correction or pullback. We stated that the trend was higher going into the holiday season, and we expect that to continue or for the markets to be range bound.  There was a breakout in the S&P500 and the major indices this past week and even though the markets appear over bought – this can last into the New Year.  The pattern on the chart indicates higher highs are coming and there is major complacency in the markets.  But typically we do not expect to see any major issues due to the strong Q4 tendencies.  Certain sectors were sparked due to the PBOC cut – like the commodity sector, machinery sector and the emerging market ETFs.

We are seeing oil bouncing back, and we will short the airline stocks this week for a short term trade.  Gold bounced back last week but the trend is still down.  We will be watching the gold and oil sector this week. Some of the ETFs we mentioned OIL and USO are coming off lows and the energy stocks, which were hammered recently are bouncing back. Keep an eye on these oil sector stocks – NOV, NBR, DO, CVX and many others in the energy complex.

We are long WSM, CYBR, YELP and short AEM, IBB and waiting to short the airlines sector this week.  This will be a short trading week but expect consolidation and range bound markets.  Here are some charts to ponder over this week. You can see clearly the UPRO (long SP500 ETF) is very overbought and the DAL chart is breaking down.

Charts for the week:

Stock Buy/Sell Strategy Signals at TruCharts.com

Stock Charts Free and Stock Scans at TruCharts.com: Stock Buy/Sell Strategy Signals:

Here is the report from our trade strategy sorted by volume.  These are stocks that generated a buy signal yesterday from one our fast trading strategies - check the open on all these stocks today and you will see all of them opened positive and you could have made money in these stocks.

WSM Stock - Going Long

Stock Charts Free and Stock Scans at TruCharts.com - Check out our pick and BUY signal stock we mentioned in our blog and on this site - it is UP 6.80 today - we picked the stock at $66 - here is the chart: Going long WSM.

Gap Up - good volume and strong earnings.

Trucharts.com midday update Stock Markets

Trucharts.com midday update Stock Markets

We stated that the markets will be meandering within a range here.  We saw a breakout yesterday and we need to see follow through.  FOMC minutes were released today and that is affecting the markets.  See article below.

Best Stock Charts and Scans - TruCharts.com -

Our AEM short is still looking good.  We are long YELP - but we had written covered calls on that position - it is down - but we will hold till December.  Still short IBB and biotech.

Looking to short LUV and airline stocks.

Our pick Z and TRLA from the weekend blog did well these past two days - check the charts on our site.

www.trucharts.com/stockview.aspx?TICK=Z

www.trucharts.com/stockview.aspx?TICK=TRLA

Also check out the FOMC minutes brief at:

http://www.zerohedge.com/news/2014-11-19/fomc-minutes-show-deflation-wary-fed-not-worried-about-global-growth


TruCHARTS team

TruCharts.com Market closing update 11/18/2014

TruCharts.com Market closing update 11/18/2014

Markets pushed higher all day today after the housing report and general bullishness heading into the holidays.  S&P 500 crossed 2050 and we stated last week in our blog that the markets are trending higher and the ISEE ratio was indicating a higher market for this week.  We think the DJIA is headed to 18000 and a melt up - stocks like HD - even after reporting so-so earnings are not getting hammered - that tells us that bad news is not affecting stocks - this is typical of bull market behavior - exponential charts and low VIX along with general bullishness from the sentiment reports like AAII and investor sentiment numbers.  

Gold moved higher this week - again related to the SWISS referendum - and the dollar dropping.  Still not a convinving enough rally to buy gold here.  We expect it to pullback soon.  

Tech stocks  such as ASML are breaking out, airline stocks are also doing well (oil price drop).  This is definitely a trader's dream come true.  

Biotech stocks moved higher today - but we think there is definitely topping action in this sector due to the volatility in the price movement - we typically see this type of price action at tops.

Check out our BUY/SELL signal end of day reports and also the BULLISH MACD crossover reports for longs and the opposite for sell/short signals.

Check out our very good sell signal using the trucharts.com buy/sell strategy for FCX. Looks really good if you had shorted FCX around 38 or so.

Trucharts.com FCX Sell Signal

Trucharts.com - Markets Update - Tuesday AM

Stock Charts, Free Scans - Trucharts.com - Markets are meandering here but we expect a melt up - even though it may appear that the markets are topping out - some of the stock action is still bullish and stock picking is selective. 

Keep an eye on Z, CYBR, TRLA, VA.  BABA is due for a pullback and consolidation, airline stocks are still moving higher due to pullback in oil.  Gold is bouncing up due to upcoming Swiss referendum.  

Check here the chart for ASML - with our buy/sell signal strategy.

Trucharts.com F stock Update BUY/SELL Strategy

Here is an update on F (Ford) stock - based on our BUY/SELL strategy - stock is up 1.5 from our buy signal in less than one week. Sign up for our subscription service and get access to this feature;

Stock update for Monday AM

Please check our picks from this weekend's blog - Z and TRLA and WUBA all up. Z is up 5+ and TRLA is up 2+ and this was all because of our market scan reports.

Keep an eye on the biotech sector - we stated in our weekly blog - this sector is ready for a major pullback and setup for profit taking. LONG BIS.

We are long CYBR, short IBB and AEM.

Trucharts Team

Trucharts.com Stocks to Watch and Markets Blog Update Week ending 11/14/2014

Trucharts.com Markets Blog Update Week ending 11/14/2014

Markets have been vacillating and staying within a very tight range and always moving higher into the close. The VIX gets slammed at the end of the day and the markets bounce back – even though we are seeing narrow breadth and narrow leadership in the stocks driving the markets. We have ramped very fast from the correction in October and the markets appear to be topping out here. Individual stocks have been seeing some movement – but no sector other than the transports stands out. There is no question that this is definitely a trader’s dream come true – stocks move quite nicely and smart traders (day traders and short term traders) are taking advantage of this volatility in the stocks. Take a look at the stocks like Z, AMZN, BIDU, TSLA and many more momo stocks.

Our sentiment indicators are showing that the markets will stay within a tight range and, as we stated in our earlier blogs, markets will not correct into the Thanksgiving holidays. We can expect volatility but no major moves (unless there are black swan events). The GOP is going to take some time off from their victory in the mid-term elections and come back with a fresh agenda in January and let the President take it easy for the holidays.

The move in gold this Friday looks like a BULL trap – be mindful – the trend is still down and the move in the gold miners also was not on convincing volume. We would sell into the gold rally – the move was due to the coming referendum in Switzerland for the repatriation of their gold. We do not expect this to pass, and the day the this does not pass – watch gold – we think it will drop over $100 (just our speculation). We are short AEM and will stay short. Our prediction for gold price is still at least $1000.

Our IBB short is still in play and we expect the BIOTECH unwinding to start – it started on Friday. Mutual Funds will start to take profits in this sector and will try to show good performance into the end of the year.

The China stock market is coming off a bottom and since the link with the Hong Kong stock exchange, the China ADRs have been moving up quite well.  Surprisingly, we missed BIDU but we have been long JRJC (www.trucharts.com/stockview.aspx?TICK=JRJC) and are looking for stocks in the China ADRs for good buy candidates – we like WUBA – here is the chart – check the weekly and daily chart – (www.trucharts.com/stockview.aspx?TICK=WUBA). Check the weekly technicals:

Here is the chart for reference:

We have a special offer for the holidays on our yearly subscription – 50% discount – check this at the following link:

http://www.trucharts.com/truCharts_Services.aspx

The following is the list of stocks we will be watching this week:

Z                    - www.trucharts.com/stockview.aspx?TICK=Z

TRLA              - www.trucharts.com/stockview.aspx?TICK=TRLA

CYBR, WIFI, TWTR.

We are long CYBR. We closed our USO position at a loss - we were stopped out of the position. Always remember capital preservation is key.

Here is the Help file image for our real time news page:

(check this out at): http://www.trucharts.com/RealTimeNews.aspx

Trucharts.com Realtime News Help

Good Market Sentiment Article - Read and learn

Another excellent article: Educate the financial side of your brain -This a good article on market sentiment indicators.

http://finance.yahoo.com/tumblr/blog-is-the-rampant-bullish-sentiment-really-a-bad-thing-193745210.html 

Trucharts.com Buy Strategy signal for AMZN

Trucharts.com AMZN stock update:

Stock Charts - Predefined Stock Scans - Trucharts.com - AMZN stock update: (Stock Trading Strategy); StockScreener.

Check here below our buy/sell strategy for AMZN - we had a buy signal around 305 and today the stock is up to 327 a move of over 5% in less than 4 days - this strategy is available for free at our site for registered subscribers.

AMZN Stock Chart with BUY signal

Stockcharts - F (Ford) Trucharts.com Buy/Sell strategy

Check out this chart below with our buy/sell strategy for F (Ford and Co) - this is a fast trading strategy so in congestion areas you will get more signals - but you want wait for break out and you will see F moved from 14 to 15.2 today and then also observe the Sell In Sept.

Almost 8% return within less than a week.

Trucharts.com Biotech sector Update

Stock Charts - Free - Trucharts.com - We have been short IBB and biotech sector - check these stocks out today BIIB - down 14 and we think this sector is overbought and ripe for shorting now.  Long BIS/Short IBB.

Trucharts Help Page for Company Earnings

Trucharts Help File for Company Earnings page

Here is the help page image for our company earnings page: Link to the page on our site is: 
http://www.trucharts.com/EarningsView.aspx

TUBE stock position update

Today we deeply regret selling our position in stock TUBE - stock is up over 40% since we recommended it. Bad decision to sell.

Trucharts Team

Trucharts Positions Update

We are still short IBB (BIOTECH ETF) - we expect there to be profit taking in this sector into the end of the year by mutual funds which are up in this sector for 2014 with very good gains. Long CYBR, short IBB.

Closed USO this morning at a loss.  We had a stop limit of 29 and we were stopped out of this postion. We went long CYBR this morning.

Trucharts team

TWTR stock for trading - watch for move up

Watch TWTR here - stock closed strong today. We may trade this one for short term move up. Stock was oversold. 

Chart at: www.trucharts.com/stockview.aspx?TICK=TWTR

Trucharts.com positions update

Our position calls on YHOO are still doing well. We had picked YHOO at 38. We bought YELP this morning when it dropped at around 60.6 - position is down now - we will watch this closely - technicals are still positive MACD and RSI.  

Check the chart at:  www.trucharts.com/stockview.aspx?TICK=YELP

We are still long T, USO, JRJC and short AEM, IBB and looking to short LUV and GM.

Trucharts Team

Stocks for Trading tomorrow 11/12/2014

YELP, LVS, WYNN:  Here is chart for YELP.  Check the MACD and RSI moving up.

Trucharts.com - Truly amazing WTF charts

Check out these charts:

AMAZING WTF CHARTS

Trucharts Invitation

Trucharts.com 

We invite all to check out and use the site and susbcribe for free. There are so many features to help you to learn to start investing in stocks and make sound investment decisions. Check it out and start with some basic charts - and start a virtual portfolio on our site and monitor your progress. Portfolio is accessible after you sign up.

Also check our special subscription offer for the holiday season.

You can find many excellent technical analysis tutorials at this page: 

http://finance.yahoo.com/video/playlist/talking-numbers/;_ylt=AwrSbD6xd2JUcGsA.k1XNyoA

Trucharts.com Auto Buy Sell Strategies

Our Auto buy / sell strategies are something no one else offers on their website.  We invite you to check this feature out on our stockview page at: www.trucharts.com/stockview.aspx 

and here is the help file that shows how to access this feature:

Trucharts.com Stocks to watch list 11/11/2014

Trucharts.com Markets and Stocks to Watch List

Markets appear extended here - we expect consolidation and small moves to new highs. With the upcoming holiday season, we expect markets to stay within a range of new highs and consolidate into the New Year.

Watch these stocks today:

DHI - reported earnings miss today
ZNGA
BABA
VIPS - earnings this week
BITA - earnings this week
TWC
AMZN - moving higher - chart at:AMZN Chart

Check our earnings calendar at:

http://www.trucharts.com/EarningsView.aspx

Trucharts team

Trucharts.com - Stockwatch List

Turcharts.com - Stocks to Watch List

Here is our list of stocks to watch for this week:

NSC    - Up today $3 - our buy signal triggered on Friday and shown in our blog

ABBV  - Up today $2

XOP    - down - but we think consolidating

T        - moving higher

MO     - hitting new highs

JRJC   - China allowing foreign investors access to China markets

USO    - Consolidating - watching closely to see breakdown or move up

WSM   - Watch closely - earnings expected 11/19

Trucharts Team

Trucharts.com - Stocks to watch week of 11/10 and Blog Update week ending 11/7/2014

Trucharts.com - Blog and markets Update for week ending 11/7/2014

Mid-term elections done - well the GOP won and now we have to see their agenda. Employment news - which was so-so and with that we had, oil rallying after being trounced, gold rallying on Friday after hitting new lows and the gold miners rising.  Markets hitting new highs and VIX dropping (as we had been indicating for quite some time) - we still expect the VIX to drop and markets to consolidate their gains here and breadth is narrow. Markets are heading into a strong cycle - end of the year when holiday season starts and into the new year.  We do expect to see some pullback from this big move, but move to new highs is still in the cards. With the Fed staying put on interest rates, we do not expect any type of major pullback in the markets. The Fed will not raise rates till next year - and that will drive the markets' direction. With no other avenues to make good returns, investors have no choice but to put the money into markets and now the BOJ announced a round of stimulus to put money into stocks - that just gives the markets more impetus to move higher.  Pockets of strength still exits and we need to take advantage of these.

We are looking to the following sectors and stocks next week. Oil and energy stocks/ETFs, gold miners for short term trades.

We have added a very helpful feature on our site to help and assist our users on how to use each page and a description of each field on the page. Please check this image below for this feature - it is on each page of our site now (except home page which is under re-design).

Here we wanted to show below how the sentiment charts from our site predicted this massive move up and the correction we experienced 3-4 weeks ago in the markets - note the drop in the stocks above 50d SMA before the markets actually went down and then the rise in stocks above 50d SMA before the move up in the markets. The signals are very clear prior to the market moves - we have highlighted these with the trend lines. You can see clearly that we are at a top and a sideways market for the next few weeks and possible pullback prior to thanksgiving.  As you can see the stocks above 50d SMA is moving down and we are in a topping mode for the markets. We have several such indicators for all the reports we generate on our reports page:

Sentiment Signal prior to market moves

Here is our list of stocks to watch for the coming week:

Buy SIgnal: www.trucharts.com/stockview.aspx?TICK=XOP

www.trucharts.com/stockview.aspx?TICK=NSC

www.trucharts.com/stockview.aspx?TICK=TGT 

www.trucharts.com/stockview.aspx?TICK=DO (watch)

www.trucharts.com/stockview.aspx?TICK=ETP

www.trucharts.com/stockview.aspx?TICK=CNQ (short term trade)

Good luck trading.

Here is the udpate from our hedge fund manager for his performance from last week (cumulative return for a $50000 account):

Trucharts Special Subscription and Stocks to Watch Update

Stock Charts Free - Our subscription offer to our site is normally $180 for 1 year and we are offering it at $90 for one year a 50% discount.  12 MONTHS (FLAT 50% OFF).  This is the best deal you will see and learn how to make money using our blogs, and the site trading strategies.  We have users joining us and moving away from other sites.  This is a Special Holiday offer.

Stocks we picked yesterday: RRC, USO, TIF, BABA are all up today.  

Our AEM short is not an issue since we sold the put and we think the gold jump is a dead cat bounce for the short term.  Long term trend is still down.

Trucharts team

Trucharts.com - Stocks to watch Update at market close today 11/6/14

Trucharts.com - Stock watch update 11/6/2014

Stock Charts - Free at Trucharts.com - Check our list from last night for stocks to watch and check the chart below for RRC and it was up $2.68 at the close of markets today. This stock was picked by our buy/sell strategy yesterday. Subscribe now to our service (there is a special ongoing promotion for one month) and you can start investing and making money from our simple strategies.

Trucharts Team

Stocks to Watch - 11/06/2014 for trading

Trucharts Stocks to Watch - 

Here is our list of stocks to watch 11/6/2014:

1. USO - energy stocks look like bottoming out
2. DVN - Energy sector
3. D - Breakout to new high
4. APC, NOV - Energy sector
5. RRC - Energy sector - Close above 50d
6. BABA - still looks good - will consolidate here
7. IBB - Short 

Checkout the stocks in this scanned report:  
http://www.trucharts.com/FilteredStocks.aspx?ConditionId=67517,67518,67519

AMZN BUY/SELL signal at Trucharts.com

Check here below and see where our site trading strategy put a SELL signal for AMZN and could have saved a ton of money or made money for folks that shorted the stock.  Red arrows point to SELL.

Trucharts.com - USO position update and BIOTECH stocks to watch

Trucharts.com - Positions update and Stocks to Watch

We closed our USO covered calls this morning - we made a profit and are waiting and watching to see if USO moves up to its 13d moving average.www.trucharts.com/stockview.aspx?TICK=USO

Our AEM short is still holding strong.

Biotech stocks - we are shorting IBB and staying short.

Trucharts team

Trucharts.com - Help file for REPORTS page - Check this out

TRUCHARTS.com - REPORTS page Help files

Stock Charts - Trucharts.com - Help file for REPORTS page - Here below today we have attached two pcitures showing the details for our reports page and the explanation of the fields - you can also see our mouseover feature  - you can access the page at: www.trucharts.com/marketreports.aspx.

Trucharts - Stocks to watch - BUY/SELL Signal strategy

AEM short still in our favor. Gold is down. 

Here is a chart for DAL BUY/SELL signals using our TC fast trade strategy - based on this chart you would be up over 15% within 10 days.

Trucharts Special Promotion

Trucharts.com SPECIAL PROMOTION

CHECK IT OUT - Our First Promotion

Check our new special subscription promotion - a 50% discount:

http://www.trucharts.com/truCharts_Services.aspx

Basically you get 18 months of service for 12 months payment.

Trucharts team

trucharts.com - Markets update

Trucharts.com - Market Update

Markets are consolidating and there is profit taking after this huge run up.  We think the funds will try to cash in before the holiday season to keep up their performance numbers. Also the election is creating some uncertainty.  We are short GLD and AEM.  Long AAPL, LNKD and we may close USO it seems to be breaking down.

Trucharts team

Trucharts.com - Gold update

Stock Charts Free - Trucharts.com - Stock Scans -  Here is the monthly chart for GLD ETF which is reflective of gold price: You can tell the gold price is going to around 1000.00.

We are still short AEM.  UPDATE

Trucharts - Stocks to Watch - Blog Update for week ending 10/31/2014 

Another week and another major move up from such an oversold correction we had two weeks ago - now hardly anyone remembers that correction.  Not only did we recover all the losses in the pullback - the markets closed at a new high.  That is what markets do when the Fed is on their side - low rates are here to stay and markets around the world are not performing as well as the US markets.  We think there is a huge inflow from investors and funds outside of the US that are driving the markets higher. First we had a big spike in volatility during the correction, we stated that the markets will move higher and the VIX would pullback - that is exactly what we saw - in addition, Bullard spoke and then the Bank of Japan announced a round of QE to weaken the yen and bingo - Friday the markets jumped.  Japan debt to GDP ratio is over 200 but no one cares - commodities are getting crushed - along with Gold - we were wrong on our call on gold.  In one of our blogs a few weeks back we stated that gold had broken a critical trendline and sure enough we see the follow through.  We expect gold to reach $1000 now.  We shorted AEM as we stated in our updates this week.

We expect markets to consolidate and move higher with weaker technical backdrop.  We are heading into a strong period in the year for markets and into Q1 of 2015 - we do not expect any major surprises - unless there are wars and major breakdowns in the Euro zone.  The Fed has basically stopped QE but with low interest rates - they are forcing people to take risks.  Individual stocks are moving in the range of several $$ per day -  just look at the biotech stocks - these are a day traders' dream come true.  Along with this we have the internet stocks like LNKD, BIDU etc.  There are other stocks in other industries that are moving several $$ a day.  Reminds you of the 1999-2000 era.  Unbelievable..  Well take advantage of this and make hay while the sun shines - we do not expect any interest rate hikes from the Fed till middle of next year - so be happy and make money trading.

From a stocks to watch next week - here are some of our top picks this week are - AAPL, LNKD, MA and short AEM/GM at 32+.  We will go long MA and LNKD this week.  Here are the weekly charts:

We closed TUBE and GM short this past week and are still long T/USO and AAPL.  We are still short BIOTECH sector.

Here is a good lesson on technical analysis - this one is about Trend Channels:

http://finance.yahoo.com/blogs/talking-numbers/learn-trend-channels-211350606.html

We will publish an interesting sentiment indicator from our site which predicted the correction and move up these past two weeks.

Best of luck trading this week.

Trucharts team