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.

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

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

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 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 - 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 

Trucharts Buy/Sell Strategy for FCX

Trucharts BUY/SELL Strategy Signal for FCX

Stock Charts - Trucharts.com - BUY/SELL Strategy - Check out here and see where our trade strategy picked a SELL signal for FCX.. Again you could have saved yourself a lot of grief and $$$.. Our Sell signal was generated around 38 and the stock is at 29+ today.

Here is the chart: