Trucharts.com Hot Stocks and Stocks to watch - Weekly Blog update - week ending 1/23/2015

Trucharts.com Weekly Blog update - week ending 1/23/2015

A shortened week and the Draghi moment on Thursday when the markets were up nicely after another round of QE was announced 1 Trillion Euros – all central banks are printing money and there is no stopping – low interest rates (negative in the Eurozone) and then we have stock bubbles and ZIRP in US is showing up as bubbles in stock valuations and real estate. We do not expect the Fed to do anything this year on the Fed Funds rate and Draghi is bent on destroying the Euro (which incidentally is at 1.115 to the USD) – now European vacations are going to be lot cheaper. And then we had the Greek election and the drum roll please !!! – the anti austerity party won the elections – what a surprise!! Are the Greeks going back to the drachma??

Enough politics – what does this do to the markets – the move up on Thursday was a big move and the move down on Friday looked like a consolidation move and the trend is still intact – the RSI and MACD is moving higher and we think oil is vacillating within a tight range, and gold is also consolidating. Keep an eye on gold and oil. There are over 1300 companies reporting earnings this week. AAPL is on top of the list and as are many big names. Check out the earnings calendar on our site at:http://www.trucharts.com/earningsview.aspx and also we provide the earnings date for any stock on the stock charts page. Futures are pointing to a lower open, but we expect the AAPL earnings maybe the catalyst and Fed speak is what is going to drive the markets.

We are short GM, F, IBB, DAL (sold some puts also)  and long USO, WSM, K, CYBR, LINE and went long BOX on Friday. Our ALTR short was a good call and GM calls expired. Our Trucharts.com BUY/SELL strategies are working well and we are using these to make trade decisions along with watching the technicals closely. There will be a lot of noise during the earnings season, so be watchful. Here are some stocks we like: K, and the list below – futures are down this morning – so be careful with your entry and keep tight stops – the trend is still up and we think until the Fed speaks we may see some volatility.

BABA	104.0200	105.2000	103.0200	103.1100	104.0000	9847987
CME	88.5000	88.9400	87.6800	88.5100	88.5700	1058695
EBAY	56.9900	57.2800	56.3100	56.7600	57.1500	13357022
ETFC	23.9000	24.9700	23.7800	24.5600	22.6500	12271579
EXPE	84.3300	88.6500	84.1400	87.4400	85.7100	3679708
HON	101.1100	103.9200	100.5000	102.4100	99.3900	5209857
HPQ	39.9600	40.2500	39.7600	40.1000	40.0600	6171057
IWM	118.3400	118.7700	117.5500	118.1300	118.2000	26223219
MNKD	5.5900	5.8000	5.5100	5.7400	5.5700	4143225
NOW	66.5900	69.5000	66.5500	68.7400	66.1400	1015475
SNPS	43.2000	43.8500	42.9000	43.5300	43.1700	448589
VLO	48.1500	50.9000	47.7400	50.1600	48.0000	11559865

Check our Reports section for many other picks in the MACD bullish crossover reports and others.

Please spread the word and invite your friends to use the site and take advantage of out recommendations and site features.

Trucharts CEO and Founder

Bob Bhatia

Trucharts.com - Stocks to watch and Marlets blog week ending 12/26/2014

Trucharts.com Markets Update Blog week ending 12/26/2014:

Well now we have the New Year week coming up and markets keep making record new highs. This is the highest number of new record highs hit in one year. DOW and S&P500 are still trending higher. Keep an eye on the 13 and 15 week moving averages for the stock indices and the stocks - these are very critical - you can check these on our site when you click on the week option for period on the stockview.aspx page (www.trucharts.com/stockview.aspx). There was record amount of money put into stock ETFs this past week - check this article - http://finance.yahoo.com/news/u-based-stock-funds-attract-001225961.html; There are technical indicators that look weak - like lower RSI and lower MACD on higher highs - but these are not necessarily pointing to any pullback at the present time. We are still in a seasonally strong period for equities and heading into a New Year - we do not see anything other than some minor pullbacks as we head into the earnings season. Oil seems to be trying to find a bottom here; gold bounced on Friday - we will keep an eye on this - specially due to the turmoil in the currency market in Eastern Europe (including Russia). 

We are long USO, AMKR and short AEM. Our target for gold is still 1000. There are several stocks that look strong - here are th symbols and charts -AAPL and more. We are looking to go long AAPL this week. The rules are very simple - DO NOT FIGHT THE FED and STAY WITH THE TREND. Now the Yellen put is in place and everyone does not epect any major change in the Fed' stance this comng year (till at least middle of 2015) - companies revenues are not growing based on the P/E multiples - yet these stocks keep moving higher - the average PE is being stated as low and this is happening based on significant stock buy backs being used by companies to boost their earnings and EPS. But none of these matter, since the belief is that stocks will just keep moving higher. We will stay with the trend until it breaks - (Ms Yellen (Ms Clause) will come save the day).

Here are some other symbols to watch this coming week:

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

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

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

For full disclosure - we are long AMKR, WSM, BIS, CYBR, K and short ALTR, DAL, YHOO, AEM (will close YHOO this week).

We added a special new feature on our site - check it out at: http://www.trucharts.com/multiplestockcharts.aspx (mulitple charts on one page)

Some good reading material: (ADDED ANOTHER GOOD ARTICLE)

http://www.zerohedge.com/news/2014-12-28/line-between-rational-speculation-and-market-collapse

http://www.businessinsider.com/long-term-stock-chart-pe-ratio-2014-10   <<---- added="" br="">

Here is the picture of how to use and access help on our website with any page.

Check out our special subscription offer - no more monthly recurring fees - just $90 for the full year (50% discount)- here is the link: http://www.trucharts.com/truCharts_Services.aspx

Happy New Year to all - and good luck with trading in the New Year.

Trucharts Team

Trucharts.com Blog and stocks to watch - Week ending 12/5/2014

Trucharts.com - Blog update and Stocks to watch:

Another week and another set of new records and new highs. There is no stopping this train. Excellent jobs report (321K new jobs created). Oil dropped this week and so did the commodities. Energy stocks are getting slammed and so are commodity stocks. We think there maybe an end coming to the commodity cycle - many have indicated that this is typically a 15 year cycle that started in 2000 and will end by 2015. This will impact commodity stocks - so if you have commodity stocks in your portfolio - like FCX, BHP, RIO - be mindful and this end to the commodity cycle may impact the dividends being paid out by the commodity stocks. Another concern recently has been the drop in the oil sector stocks and their issuance of junk bonds to fund their exploration - the main concern is related to the capability of these companies to pay back this debt due to the drop in oil prices (check JNK). Financial stocks are breaking out. We are watching BAC (Bank of America) - here is the chart (weekly) - looks like it is going to breakout (Other stocks to watch in this sector - financial - JPM, XLF, MS, ETFC, AMTD)

Gold is still holding between 1100 - 1200 - watching this closely - we still think this is headed to 1000.

Health stocks and airline stocks were hitting new highs this week along with many tech stocks. AVGO, MCHP, SYNA and SLAB announced better outlooks for the coming quarter. We like the chart of SLAB - here is the chart (check the MACD and RSI):

Right now the trend is your friend and the don't fight the Fed. We will look to go long the financial stocks this week. Keep and eye on the commodity stocks.

We are still heading into the holidays and a strong period of the year for the markets - we would expect some consolidation - but DOW 18K is imminent and as is SP500 hitting 2100. We are short AEM, IBB (hurting right now), YHOO (will likely close this tomorrow and go long BAC). Watching the stocks above and UTX.

Good luck trading.

Trucharts team