Trucharts.com Stocks to Watch and markets 1/6/2015

Trucharts.com Stocks to Watch and markets 1/6/2015

Stock Charts Free, Stock Scans at TruCharts.com, Dividend stocks: Closed our ALTR short today and went short F (Ford Motor Co). Expect volatility to stay high and MU revenue forecast was lower than Street Expectations. Take profits in semi-sector now - Biotech breaking down - take profits. We are short GM,F and DAL. Long WSM, AMKR and LINE, CYBR, HMY. Check out our buy/sell signals on our stockview page - www.stockcharts.com/stockview.aspx.

Chart for MU: www.stockcharts.com/stockview.aspx?TICK=MU

Brief Update on Markets 12/15/2014

Free Stock Charts/Scans/Stock Screener at Trucharts.com - 

We talked about gold pulling back and being short IBB - both of these are moving down and the commodity complex breakdown is going to affect gold and gold miners. Russian ruble has completely crashed and is now worse than the Indian Rupee. Amazing what US political power can do. Short AEM, GM and IBB, long BIS and WSM.

Markets were up and everyone was getting excited this morning. Then we had a pullback and we need to wait and see if the markets consolidate here.

Trucharts team

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:

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 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

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.

Market Update - 10/15/2014 - AM Update

Stock Charts/Scans FREE - Trucharts.com - We had a sharp selloff and a spike in volatility.  Retail sales did not look very good.  

Watch NFLX stock - very expensive and ready to pullback.  We are still short the biotech sector and GM/HPQ. Long BIS, ED, T - we like the utility stocks here since the yields on the treasury bonds are pulling back.

NFLX Chart: Check the weekly pullback in RSI and MACD indicators.

Check out our site features at - our page - Why Trucharts.com? 
http://truchartscom.blogspot.com/p/why-is-trucharts.html

Stock Charts Free - Trucharts.com - IBB chart update

TruCharts.com Blog Update for ETF IBB

Check out this chart for IBB - next support is at 50 week moving average.  Note the RSI and MACD for weekly -  If it breaks and closed below the 50 week - next support is at 220.

Brief update - TruCharts.com - Week ending 10/14/2014

Brief Update - Week ending - 10/10/2014 - Stock Charts/Stock Scans

Check this chart for biotech ETF IBB - closed below 13 week moving average for 1st time in around 12 weeks. This is a major short - see the MACD and RSI - close your biotech stock positions - this sector is going down - short IBB and biotech sector. We are short GM/HPQ/SNDK and biotech sector.  Next test level will be the 50 week moving average - around $244.  Watch this level closely.

Here is the chart:

IBB ETF - Weekly Chart

Stock Charts - FREE - Trucharts.com - BIOTECH SECTOR - Blog Update 10/09/2014

Stock Charts - Stock Scans - TruCharts.com - Here is the chart for XBI and BIB - two biotech ETFs - note the technical weakness in the RSI and MACD indicators.  Take profits in biotech sector - and sell these if you hold these in your portfolio.