Trucharts.com Blog - week ending 2/13/2015 and Stocks to Watch

Trucharts.com Blog week ending 2/13/2015

Happy Valentine’s day to all and after a short travel hiatus, we are back to writing our blog. Due to blogging restrictions in China, we were unable to post to our G+, FB and blogger/WP. It feels weird when you cannot blog about just something simple as stocks. Anyway, it has been an exciting week after what we call a consolidation period in the markets. The S&P,NASDAQ and the DOW all hit an all time high – we were expecting the breakout based on the wedge pattern/descending triangle pattern that started in Nov. We expect this to move to last based on the recent earnings and the oil sector bouncing back. Gold pulled back and we expect gold to move down – we think the move up was due to the Chinese New Year. The Greek crisis is just noise and we do not expect this to impact the markets. Oil is in a bottoming phase and we will watch this closely – our picks LINE, USO and OIL jumped very nicely (over 30% for LINE and OIL etf), our GM short and F short will be rolled over to next month. We expect this to be a peak year for auto sales. Our pick CYBR did very well as did TWTR – both of these are up over 40% CYBR and 20% TWTR since our calls and check out the buy signal for CYBR on our buy/sell strategy chart below:

Check the Chaikin money flow Index on the bottom of the chart – it went negative when the stock gapped up on Friday. Based on our technical analysis, we would expect the stock to pull back/consolidate and make a move higher. The earnings were announced on Thursday after the close and the company crushed the earnings and guided higher.

CYBR _ WITH BUY/SELL SIGNALS

TWTR also reported good earnings and that moved higher and we are still expecting a move higher in TWTR. 

We went long ALTR based on the technicals. Here is the chart for ALTR. We will exit the position this week around 36.25 or better.

We went long AMKR, are long USO/LINE and are watching the following stocks closely next week:

http://www.trucharts.com/stockview.aspx?TICK=VFC (which went buy signal right before the gap up)

http://www.trucharts.com/stockview.aspx?TICK=PRU

http://www.trucharts.com/stockview.aspx?TICK=COLM

Markets are closed for President’s day – Monday. Good luck trading and check out our multiple charts feature and also our real time categorized news feature.

We closed our position in K (Kellogg) right before it gapped down on Friday – looks like people are not eating enough cereal!!

Our call on DAL short was right on the money - we closed that position this week.

Trucharts Founder