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 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.

Video update for Jun 27

We present a discussion on the SPY, DIA, Casino stocks, Financial/Bank stocks and present some short ideas. In addition we show a single screener feature using the MACD indicator. Check it out.

https://youtu.be/XitY2aIxf6k

Markets and how to use Single Screener on Trucharts.com.

Fed testimony, Markets, Tech Stocks and Backtest feature on our site

Fed testimony, Markets, Tech Stocks and Backtest feature on our site

LATEST UPDATE: Yellen dovishness sparked huge market move and tech stocks came off oversold conditions. Revenue growth is not there - but we are in bubble mode. We like the following pair trade - Long NFLX calls, Short NVDA. VIX is at all time low and volume in markets is also low - therefore the grind higher. Keep tight trailing stops. SP500 is going to 2500 and DOW to 22000. No stopping this bubble - we like also KLAC and AMAT. BA was our top pick and we still like it.

Brief update on the markets and Yellen testimony. 

Well looks like the squirrel went back into its hole - Yellen and the central bankers are now clueless as to what to do - one moment they are hawkish and then the next two weeks they become dovish. They are so scared now to raise rates, that they have just completely given up. They talked about reigning in the monetary stimulus via draining liquidity from the system by selling their assets on their huge balance sheet of over $4T - loaded with mortgage backed securities. They want to start this in September and increase that as they go along. In addition, Grandma Yellen also indicated that she may not be raising rates (of course that would increase our debt burden) T aggressively - the markets rocked up in a straight line, dollar crashed but gold was up slightly. Basically the Fed is saying we do not care about the bubbles, asset valuations and whatever else the loose monetary policy has unleashed in asset bubbles around the world. Case in example - do you know that the Indian stock market is up over 1000% - yes 1000% - in 14 years - no one is mentioning that the Indian banks are drowning in NPLs - but yet the market is up over 1000%. PEs and company valuations in the US are at levels not seen since the 2000 and 2007 heights and moving higher. But the central banks do not care as this is making the rich richer and the goal is to make the average guy feel richer. Nasdaq is out performing and we are heading into earnings season for Q2 - we will have to wait and see how the companies manipulate their results using financial engineering and stock buybacks etc. Oil has been crashing - we had predicted that and we will have to wait and see how that plays out. Tech stocks are rocking and rolling like there is no bound to valuations and PEs - sounds like the 1999-2000 bubble times (i remember those days very distinctly). FAANG stocks are rocking and we like NFLX and AMZN. FB is breaking out and we need to watch carefully where it goes. We like BABA, QCOM, BA, CAT, LLY, AAPL and are short NVDA. Airline stocks like UAL are about to breakout and rail stocks along with defense stocks look good. Even though there may be issues with the valuations etc., these do not matter as we are in full bubble mode - in Bay area people are over bidding on houses by over 350K with multiple offers - exactly like 1999. We expect this to continue. In addition, we are not seeing any real technical weakness in the markets other retail and oil stocks. We also like EEM as merging markets are doing well.

Always put a stop limit loss of 5% to 10% below 50d SMA to limit your loss or gains in case there is a crash. Check these values on weekly charts also - like 13 week and 20 week SMA.

Also spend your time to learn how to trade options - it helps to reduce and improve your portfolio risk and return.

Do read the following: http://www.zerohedge.com/news/2017-07-13/global-stocks-hit-new-all-time-high-after-dovish-yellen-strong-chinese-trade-data

There is a very unique feature on our site - call backtest and we use it for checking certain technical analysis parameters for many stocks to see which yield the best winning results. Here is an example for stock Facebook or FB and you can see one of our trading strategies generated a buy signal on 7/7 and the results showed that this was a very strong signal for FB and it yielded 7 winners and 1 losing trade. So there was a very high probability that the signal would yield to higher prices and sure enough the stock moved over $8 in 3 days to 159. See the snippet of the testing below:

It is tested over 600 trading bars and the results are amazing. We will be restricting use of this to paid subscribers only very soon and you have a chance to test it out. You can also check out our videos on youtube - links are on our site - www.trucharts.com.

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

Markets - Up and Down - What to do now - BUY or SELL?

Markets - Up and Down - What to do now - BUY or SELL?

Happy Labor day to all.

Well what do we think of the markets here and the direction. We stated in several blogs that markets were exhibiting topping action and we told our readers to take profits, sell rallies and reduce exposure or go short the semiconductor and biotech sector. We have been following this advice in our own portfolio. We have been net short since late June.

Markets have been bouncing from the recent crash and everyone was getting excited. This tells us that the people are still not scared enough and the folks on CNBS (got this of the web and I love it) are still very bullish in light of the market action. The VIX is still elevated and the ISEE call put ratio is still biased towards more put buying - we have not seen such a long string of the ISEE C/P ratio trend towards put buying. Markets dropped on Friday heading into the Labor day weekend. 

Major ETFs reflecting the DOW (ETF: DIA) and others have closed below their respective 100 week SMA. This is definitely not a good sign. We think the markets are headed lower to the 200d weekly SMA and maybe to the next support of 15000 for the DOW. We still recommend lightning up on your positions and take profits in any rally. Companies earnings forecasts are not strong and many are even lower than consensus forecasts. Just take a look at DE. JOY and the semi companies. Stocks are driven by earnings and stocks with their downward movements are indicating lower earnings coming in the future. Corporate buybacks and earnings number rigging along with Fed liquidity was what was driving the markets. You can expect short term rallies due to oversold conditions - but the trend is still down and we would wait before going net long. Insiders have been selling stocks at a rapid pace and they were doing so when the markets were topping - Major insiders in the biotech sector and semi sector dumped a lot of stock at the peak - this tells us that they got extremely rich and do not anticipate any higher prices - the markets were priced to perfection and the markets had gone up without even a 10% correction for over 3 years. We have shown some of charts below.

This past weekend the finance minister for China said that the China stock bubble had burst and this tells us that the Chinese government reactions and intervention in their stock markets is not working - and guess what happens - the Chinese citizens promptly move their money into real estate - the cycle never ends. We will have to wait and see how all the events play out in China. 

China is definitely slowing down and this is the world's second largest economy. They are mired in over capacity and nit driven by internal consumption. We think this is impacting the world economy and the commodity complex as China is the biggest consumer of the commodities.

Housing prices are again up in the US and heading into another bubble and we think this is definitely in the back of the Fed's thought process and with unemployment hitting the 5.1% well within the target range of full employment for the Fed - we think there is going to be pressure on the Fed to raise the Fed Funds rate. We have now the highest rate of employment participation (that means majority of the employable folks have stopped looking for a job).

From a stock perspective - we would not go long any of the semi stocks - we like SLAB possibly - but be mindful - you can take a position if you do not mind averaging down. We would hedge all our positions by selling covered calls and or you can sell puts if you want to own a stock. Now for shorts (be mindful we do not recommend shorting for amateurs - this is for experienced folks) - we still think IBB offers the best shorting opportunity here along with AMBA stock. We are short IBB and AMBA (since 115). Even though some of the indicators are oversold on a daily basis, the weekly indicators are not oversold yet.

We recommend watching this documentary (on youtube) on how OIL controls the world and how the "SEVEN SISTERS" control the world's oil: https://www.youtube.com/watch?v=XtYOjMmEMeg - it is called the 'Secret of SEVEN SISTERS' - unbelievable. 

Check out our buy/sell strategies automated on your portfolio to see if your stock is still a buy or sell signal - try this on weekly and daily chart. Use the Stock charts page to check this. 

As we said last week - we are self funded and would like to get more subscribers so we can look for an investor to help us take the site to the next level - we would like to ask our readers and users to subscribe - it is a measly $9 or $15 per month to get the best feature set on the web and we know this since our returning user base is engaged on our site for more than 12 minutes a session. We use very minimal budget for marketing - we use our funds primarily for development, paying salaries to our developers, and servers, news/data feeds. 

Here is the link to the subscription service page: http://www.trucharts.com/truCharts_Services.aspx 

Here are the weekly charts along with our trendlines drawn:

 

 

Good luck trading.

Trucharts team/Founder/CEO

Markets - DOWN DOWN DOWN! - Read what we said!!

Markets --- DOWN DOWN DOWN! - Read what we said!!

Well there you have it - DOW down 530 points and NASDAQ down 171 wow!! Just go read all our blog entries and our tweets/fb posts on taking profits and hedging your positions with puts - we talked about the topping nature of the market and we covered some shorts this morning for a tidy profit - we were up all night thinking of trades to do this morning and then got the easy gift of DE (Deere) - we shorted right at the open. We have been short HAL, PYPL and IBB. We closed our IBB short call for 90% profit today - last week in our blog we picked IBB and HAL as top shorts along with PYPL and BABA, INTC, MU.

Good luck trading.. We told you so!!

Closed SWKS short.

Trucharts team

Greece Referendum - How will markets react this week? Trucharts.com Blog - week ending 6/26

Greece Referendum - How will markets react this week? Trucharts.com Blog - week ending 6/26

Well looks like our call on the weakness in the underlying fundamentals of the markets are finally coming to fruition. Earnings from ORCL (ORCL chart), Micron (MU Chart) were pointing to a slowdown in the tech sector - which we alluded to in our blog. 

We stated to take profits and hedge your positions with covered calls or puts a month out for a strike price 5% to 10% below the current prices, for some protection to the down side. INTC - chart below (weekly):

As you may have read in the news INTC is planning layoffs and with the MU news of slowdown in the PC sector we expect that INTC will very likely state the same. The ALTR buyout was primarily to fill their old fabs and they paid a hefty price for ALTR. Seems like a sign of desperation. We will be shorting INTC tomorrow.

Then this weekend we have the news from Greece calling for a referendum. We think the Greek leaders are doing the right thing and letting the people of Greece decide the fate of the country. The creditors are not happy but the choice of cutting back benefits/pensions significantly and hurting the people of Greece is not to be left in the hands of the a few politicians and the Germans. We will have to wait and see how Greece exits the Eurozone - we think they may have already made that decision.

We expect volatility in the markets this week - we alluded to the topping nature of the markets for the past few weeks and how the weakness in the individual DOW component stocks, transportation stocks as a sign of topping behavior. Here is the chart for SPY and DIA (weekly) - notice the weakening technicals (RSI, Moving Averages and MACD) - SPY has not closed below it's 13 week SMA - Chaikin Money Flow is still positive - the next two to three weeks are critical and we have to see if the SPY can hold or bounce of the 50 week SMA. We also stated how the markets have been playing the round number games with the Dow Jones 18000 level, SP500 2100 level and 5000 for the NASDAQ for the past 6 weeks with three digit moves every week.

SPY Chart:                                                            DIA Chart:

SPY support at 208 and DIA support at 177. Here are the daily charts - keep an eye on the moving average support lines:

 

What to do this week:

1. It is going to be a shortened trading week very likely with low volumes going into     
    the weekend because     of the 4th of July weekend.

2. Sell some covered calls and buy some protection - we are heading into earnings      
    season.

3. Take some profits as we stated earlier - nobody is going to complain or regret 
    locking in some profits.

4. Watch critical support levels for your stocks - you can do this easily with our charts 
     support resistance option on the stock charts page.

Our positions: Long BIDU, CYBR, Z, - short INTC/AMBA. All positions hedged with calls and puts.

On another note here is the chart for IBB ETF (Biotech stocks) - just see it's support level at the 13 week SMA - unbelievable.

We added new features to our site - a quick chart box on the home page and a new chart skin color scheme on the stock charts page - check these out - nice new features to have. The charts we are showing are with the new color scheme.







Some articles for good reading:

http://techcrunch.com/2015/06/26/the-tech-industry-is-in-denial-but-the-bubble-is-about-to-burst/

http://www.businessinsider.com/stock-market-is-a-petri-dish-2015-6

http://www.nytimes.com/2015/06/27/business/international/chinese-stock-indexes-plunge.html

http://www.zerohedge.com/news/2015-06-27/bad-breadth-milestone-warning-stocks

http://www.zerohedge.com/news/2015-06-27/chinas-370-billion-margin-call

http://www.econmatters.com/2015/06/chinese-stocks-how-to-think-like.html

http://www.zerohedge.com/news/2015-06-27/desperate-china-cuts-key-policy-rates-after-stock-market-crash-its-just-1987

http://finance.yahoo.com/video/risky-buyers-making-comeback-housing-233326345.html

http://www.zerohedge.com/news/2015-06-28/ecb-says-greek-bank-holiday-now-necessary

http://www.zerohedge.com/news/2015-06-27/moodys-fitch-fret-over-billions-student-loan-abs-defaults-loom

What will you trade this week? We like these stocks...

Trucharts.com Blog - Updated - week ending - 4/10/2015

What will you trade this week? We like these stocks...

A hectic week and now the earnings train will come to town this week. So many earnings, and we can expect, very likely a lot of surprises and disappointments - we love Wall Street - they have been lowering the earnings estimates and then it is very likely that the company will beat the lowered estimates and everyone looks like a hero - the CEO, the analyst, CNBC and news guys love surprises. Is it going to be a train wreck or a smooth ride - what is the Q2 forecast going to be like - these are the questions we need to think about.

In the background we have the Euro dropping, oil moving higher and gold also. The European markets are ripping and now the experts are predicting if the British pound is going to drop thereby driving British stock market higher - well we are in a currency war now. The Chinese and Hong Kong stock markets are on an exponential move and we had pointed to an article on our twitter post  https://www.twitter.com/trucharts) about how housewives in China are now playing in the Chinese and Hong Kong markets. This is not about to end yet - bubbles do not end abruptly - these end when everyone on the streets, including your barber, is talking about stocks. So, still a ways to go.  

Well let us see our markets - the biotech sector bounced perfectly off its 50d SMA average, as did many of the biotech stocks. The DOW, and SP500 are exhibiting a wedge pattern, which seems to be pointing that the markets may breakout here. The NASDAQ which is primarily being driven by the biotech stocks seems to be forming a right shoulder - check the charts on our home page.

Well what will you trade this week - the tech stocks - the big industrials - check the earnings calendar on our site at: (http://www.trucharts.com/EarningsView.aspx) - additionally, we show the date on the stock charts page as shown below (see red marked box on the right corner):

We are going to close our AEM position and SNDK.

Well what stocks are we going to trade: Here are our picks - be mindful of the earnings dates:

We closed BIDU and TWTR in one account - but here are the charts we like this week:

1. www.trucharts.com/stockview.aspx?TICK=CAT - earnings are on 4/23 - but the chart looks 

    excellent

2. www.trucharts.com/stockview.aspx?TICK=TWTR - earnings are on 4/28 - we like TWTR

3. www.trucharts.com/stockview.aspx?TICK=XOM

4. www.trucharts.com/stockview.aspx?TICK=USO  - ETF - has a good chart

5. www.trucharts.com/stockview.aspx?TICK=LLY

We had picked MYL, TEVA, LLY, ABBV, LO, RAI and M in our last blog and all of these did very well. We still like LLY (watch earnings date).

Check out our best rates for subscribing to our site at - we offer the best feature set on the web: http://www.trucharts.com/truCharts_Services.aspx

Best of luck trading.

Trucharts Team 

What will markets do this week? Semi Stocks, and which stocks are on our buy list

Trucharts.com Blog - What will the markets do this week - and which stocks are on our buy list?

Where are the markets headed this week? The markets exhibited volatile behavior this past week. The DOW and the SP500 ended below their respective 50d moving averages. The markets closing below the 50d SMA is a sign of weakness and with the upcoming earnings season, it would be wise to take some profits here and wait to take positions after earnings season is over. The NASDAQ held up due to the biotech bounce and the semi stocks on Friday due to takeover talk of ALTR by Intel (INTC). We expect the bounce to the 50d moving averages for the DOW and the S&P. See the charts here below for the DOW and the S&P.

In the commodity complex, gold had rallied hard due to the conflict in the Middle East and the Eurozone uncertainty with Greece. Oil moved up and then pulled back Friday after Yemen was bombed by Saudi Arabia. We think this conflict and Eurozone uncertainty will keep oil and gold volatile in the coming weeks. We think the risks in stocks is growing and we also showed a chart of the margin debt in China used for trading and buying stocks on margin - here it is again:

The Fed indicated that rates will start rising gradually from September - we believe this is coming and the markets are starting to get ready for rates to move higher. Here is an excerpt from the weekly Mauldin Economics newsletter (you can subscribe at Mauldin Economics) - an excellent writer: We call it the world on a debt binge thanks to the Fed:

Quoted as is from 'Thoughts from the Frontline' by John Mauldin
Begin Quote

This report was underscored by a rather alarming, academically oriented paper from the Bank for International Settlements (BIS), “Global dollar credit: links to US monetary policy and leverage.” Long story short, emerging markets have borrowed $9 trillion in dollar-denominated debt, up from $2 trillion a mere 14 years ago. Ambrose Evans-Pritchard did an excellent and thoroughly readable review of the paper a few weeks ago for theTelegraph, summing up its import:

Sitting on the desks of central bank governors and regulators across the world is a scholarly report that spells out the vertiginous scale of global debt in US dollars, and gently hints at the horrors in store as the US Federal Reserve turns off the liquidity spigot….

“It shows how the Fed's zero rates and quantitative easing flooded the emerging world with dollar liquidity in the boom years, overwhelming all defences. This abundance enticed Asian and Latin American companies to borrow like never before in dollars – at real rates near 1pc – storing up a reckoning for the day when the US monetary cycle should turn, as it is now doing with a vengeance.”

End Quote

There were some interesting picks we made this week:

1. SNDK short - staying short (company forecast lower revenue for the current qtr) - 
2. TWTR long and still long - looking to add to our position - we like TWTR and believe that they are ready to ramp their revenue model via ads (like facebook). The weekly chart for TWTR looks good (TWTR chart). 
3. Took a position in BIDU at 205 and are still long with a buy-write strategy. 
4. Additional positions we have are short AEM, long USO. 
5. Position in LLY was called away due to covered calls.

We wrote an article on IBB this week and showed that the weekly chart showed very good support at the 13 week and its 50 week average - here is the chart: We expect a pullback in IBB to the 13 week and if it closes below the 13 week, we expect a test of the 50 weeks SMA. Here is the chart:

Good luck trading.
Trucharts.com team

Is the Semiconductor stocks run over??

Stock Charts Free at Trucharts.com - Earnings, Real time Stock News and more:

Read this: Means semiconductor stock run is over. We were saying watch AAPL closely - the inclusion of AAPL in the DOW index is bad news - typically the this happens near the top for a stock. Just see MSFT and CSCO and then these crashed after being included in the DOW Index. We think so - just check the stocks we indicated that looked extended - AVGO, NXPI, SWKS.

http://blogs.barrons.com/asiastocks/2015/03/25/tsmc-the-writing-is-on-the-wall-sell-says-maybank/?mod=yahoobarrons&ru=yahoo

Take profits now.

Trucharts.com team

Markets falling falling - Market Update 3/25/2015

Markets falling falling - and Biotech crashing:

UPDATE: This link just added:

Free Charts for Stocks at Trucharts.com and more: 

Please read this excellent article on market valuation: 
http://www.marketwatch.com/story/stocks-are-overpriced-overleveraged-headed-for-trouble-2015-03-25?siteid=yhoof2&cb=logged0.5530515506397933

So the biotechs are coming down. TWTR was downgraded today - we had sold covered calls. In our weekend blog we talked about weakening technicals in spite of new highs and the extended stocks like AVGO,NXPI and SWKS - tech stocks look weak heading into earnings season - short MSFT.

Also check out BIDU (down today) - covered call written. Our call on shorting SCO looking good. TJX holding, LLY down but still a hold. Z (down) - hedged with covered call. USO up today.

Short APOL.

Chart here: www.trucharts.com/stockview.aspx?TICK=APOL 
(Stock is going to 0).

Shorting AMKR end of day:

Bought these hot stocks today - Markets Rally today

Market Rally 3/18/2018 - Thanks Ms Yellen - Greatly appreciated 

CORRECTED LINKS..IN THIS UDPATE..

Well today's Fed output (scientific term) was all but nonsense and as expected - the markets had done a classic bear trap and sucked everybody in. Our expectation was to stay net long and our picks from our blog this past week was right on the money - Euro rallied, Gold rallied, Oil rallied and the Fed will keep blowing bubbles till it learns a lesson it will never forget - till then keep partying.

We mentioned the XLU, SO, PCG, LLY and BIDU in our blog this past week and as part of our holdings - all of these stocks rallied hard today - staying long and going long more on BIDU or LLY..

Here are the charts:

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


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


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


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


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

Good luck trading. 

Founder/CEO
Trucharts.com

Markets Rallied Hard today and here are the reasons why

Free Stock Charts - Trucharts.com - Auto Buy/Sell Signal Strategies -

Markets rallied hard today - this was due to several factors:

1. VIX was up for the past few days

2. Dollar had rallied significantly in the past few weeks and was due for a pullback. 

3. Euro rallied from an oversold condition - but this move up will be short lived with the current negative interest rate environment in the Eurozone

4. Retail Sales were down and that inspired the bulls to think that the Fed would be refrained from raising rates in June

5. Health Stocks and utility stocks were looking oversold and therefore there was a good bounce - we expect a test of 2025 on the SP500 and we went long BIDU today with a covered call strategy - we discussed this strategy in our blog yesterday.

• Check out our site for auto buy and sell signals for any stock, check out our real time news feature for before and after hours news and updates. We have technical mouseover charts for very quick technical analysis on our reports and earnings page.

Good Luck Trading.

Trucharts team 

Trucharts.com - NFLX and JAZZ buy signals - check this out

Free Stock Charts, Auto Buy/Sell Signals - Trucharts.com:

Market closed up today - we had a 7:3 advances to decliners on the NYSE. NASDAQ and Amex were almost even advances to decliners. S&P closed almost at the highs and then there was NFLX - probably caught a lot of folks short in this position covering their positions - but the numbers for NFLX were strong and we believe this stock (even though expensive) is going higher. Check out these very interesting charts below. On both these stocks JAZZ and NFLX our trading strategy generated BUY signals yesterday - this strategy is a leading indicator and both stocks JAZZ and NFLX were up today strongly. This feature can be accessed on our site on the stock charts page. The link is www.trucharts.com/stockview.aspx - look under Trucharts Trading Strategies under the chart. Amazing buy signals.