Trucharts.com - Blog and stocks to watch week ending - 01/09/2015

Trucharts.com Blog week ending 01/09/2015 - HELE, TWTR, SCO, USO

What a volatile first trading week of the year. We were negative for the year and then after the huge move up with the VIX above 20 - traders came in drove the market up over 500 points. And then on Friday we had the consolidating pull back. Even stocks like MU which guided lower revenue forecast to the analyst estimates for Q1 rallied after falling sharply. There was expectation that EU zone will unleash a QE and with nterest rates going negative in some of the EU countries - the markets rallied. In addition, we still have the Russian ruble crisis and the oil drop is definitely hurting the Russian economy, and the Venezuelan economy. The talking voices and experts on TV keep telling us that the drop in oil is due to lower demand and supply glut - I call that complete BS. This drop in oil is a politically driven - there is no way oil can drop 50% unless economies around the world are crashing - it is like saying 50% of the cars and oil consumers around the world suddenly stopped driving and the oil supply jumped by 100% - does this this sound reasonable at all. I believe oil will stabilize around 45 and move up to 70 from this very oversold rally - keep an eye on SCO the oil short ETF which is very extended - we woud look to buy puts on this ETF - check out the chart - www.trucharts.com/stockview.aspx?TICK=SCO. 

We are long USO, LINE and look to go longer in oil stocks or ETFs. We will wait for the signal. There is too much negative sentiment on oil. Surprisingly - gold and gold stocks and gold ETFs moved up last week - we think this was driven by a run to safety and the falling dollar from the extended move up.

During the rally, Advancers vs Decliners was almost 8:2 on the NYSE and the NASDAQ. Here are the numbers for the A/D and volume from Friday close:

Advances & Declines

	NYSE	AMEX	NASDAQ
Advancing Issues	1,163 (36%)	202 (50%)	913 (33%)
Declining Issues	1,975 (61%)	187 (46%)	1,785 (64%)
Unchanged Issues	92 (3%)	15 (4%)	101 (4%)
Total Issues	3,230	404	2,799
New Highs	152	11	77
New Lows	63	8	54
Up Volume	985,074,941 (29%)	52,720,491 (60%)	606,206,477 (36%)
Down Volume	2,335,614,656 (69%)	32,671,019 (37%)	1,034,281,930 (62%)
Unchanged Volume	49,081,860 (1%)	2,604,305 (3%)	24,354,296 (1%)
Total Volume	3,369,771,4571	87,995,8151	1,664,842,7031

This week is start of earnings week with AA (Aloca reporting tomorrow) - check the earnings calendar on our site at: www.trucharts.com/earningsview.aspx.

Here is an excellent article on the PE and the markets this week:http://www.zerohedge.com/news/2015-01-10/permabull-throws-towel-stocks-are-massively-overvalued-key-multiples-are-post-war-re

This article tells us that we are at a critical juncture in the markets - we highly 

recommend taking some profits.

Another article: http://www.bloomberg.com/news/2015-01-12/this-guy-called-bonds-in-14-you-listening-this-time-.html?cmpid=yhoo

On our stockview page - you can see the earnings date on the top right hand side of the data box for any particular symbol. We closed our YHOO position last week and we have been watching and keeping an eye on the utility stocks. The financial stocks like BAC and others pulled back - we have no positions in these stocks.

Our long positions are AMKR, USO, LINE, WSM, CYBR, K, and TWTR. Our short positions are GM,F,IBB,DAL.

We like the following stocks for next week:

TWTR - we think the rumors of a buyout are driving the stock higher - we went long on Friday - here is the chart: Charts:

  

TWTR stock at Trucharts.com and more

Trucharts.com - TWTR stock

As we indicated yesterday, we went long TWTR today - we think this is headed to 42.

Markets pulled back today - should be expected after such a huge run - we think the retail news from GPS (Gaps) and BBBY (Bed Bath and beyond) was not good - but we will keep an eye out for retail stocks. 

We are short GM, F, IBB, DAL.

We are long TWTR, CYBR, K, USO, LINE, WSM.

Gold stocks were moving higher today.

There is a very interesting divergence going on between gold and oil and the commodity complex - we suspect this maybe due to the currency weakening in the Eastern Block and other countries vs the USD. The junior gold miners are seeing some heavy buying activity - is gold going to go up this year?

Check out our market reports page at: www.trucharts.com/marketreports.aspx - this helped us pick TWTR.

Stocks to watch - Trucharts.com - Update for 1/8/2015:

Stocks to watch - Trucharts.com - Update for 1/8/2015:

Stock Charts Free, Charting and Scans - Trucharts.com: Stocks to watch for 1/9/2015:

Here are our top picks for trading on 1/9/2015: TWTR, AAPL, UNH, FSL

We expect the markets to break its old highs - it is like party of 1999. Election year before 2000 elections - Fed on hold and valuations going through the roof. Just watch what what you buy - looks like consumer staples and retail are looking good. Even the healthcare insurance companies are looking strong. Looks like OIL is bottoming - watch USO, LINE, OIL, shorting SCO. We are long USO and LINE and looking to go long TWTR.

Check this report on our site: http://www.trucharts.com/FilteredStocks.aspx?ConditionId=77990,77991,77992

This is a list of stocks screened for being above $2 today.

Trucharts Team

TruCharts.com – Free Stock Charts – Blog week ending 12/19/2014

Trucharts.com Blog week ending 12/19/2014

For SEO: Trucharts.com – Stock Charts Free, Stock Market, Stocks, Charting, Dividend Stocks, World Markets, Technical Analysis, Market Sentiment Charts

Merry Xmas and happy holidays to all. We are in a short week of trading this week and the fireworks were on last week after Fed Speak. We did not expect any surprises from the Fed on the raising of the Fed Funds rate, and the Fed made it a point to tell the markets that it was still ok to take risks and that drove the markets to recover over a 800 points on the DOW and 100 points on the SP500. A lot of this was driven by energy stocks and since some of the stocks had dropped over 50% – there were short covering rallies and bottom fishing and a major short squeeze. BofA Merrill Lynch downgraded several semi stocks but these did not correct as much. The SP500 and DOW look like they are still in an uptrend and our indicators are still showing a trend for the markets to mover higher – after a short consolidation period. The move this past week was massive, but the volumes in some stocks was not high. 

We like XLU (www.trucharts.com/stockview.aspx?TICK=XLU) and the utility stocks as good dividend earners. Check out the charts for SO, ED, PCG and DUK. Even the REIT’s look good and some consumer staple stocks look good. We took a position in K or Kellog (www.trucharts.com/stockview.aspx?TICK=K) and USO – we believe this has finally bottomed for the short term. Keep an eye on CAT (www.trucharts.com/stockview.aspx?TICK=CAT) – we are looking to take a position in CAT. 

We have been hurt by our short position in IBB – but have been writing puts to improve our short price. Our other positions are doing OK – Long WSM, short YHOO (plan to close Monday), DAL, AEM. We are looking to go long CYBR.

There is definitely a XMAS rally going on and we expect this to last into the New Year – until the earnings season starts. AAPL (www.trucharts.com/stockview.aspx?TICK=AAPL) still looks good technically.

We added some new features to our site this week – execiting stuff:

1. MULTIPLE SYMBOL CHARTS on one page – check this feature out at: http://www.trucharts.com/multiplestockcharts.aspx

2. ICHIMOKU cloud indicator on our stockview page and turtle trade indicator

3. Added borders to our charts

Check the features out and also our page: http://truchartscom.blogspot.com/p/why-is-trucharts.html

In addition, we want everyone to take advantage of avoiding monthly recurring fees  and sign up NOW for one very low annual membership for full access for just $90/year – a 50% discount to the annual membership fees and this gives you real time categorized news and complete access to all of the site including dividend stocks etc.

Again – Best wishes for the holidays to all and a Happy New Year and good luck trading.

TruCharts Team

Trucharts.com pick updated

Trucharts.com TUBE pick updated:

Check our pick from 3 weeks ago - it is up to $22 - we picked it at 14.

Here is the chart with our buy/sell strategy:

We went long USO and K today for short term trades. We will close YHOO short next week. Our IBB short is hurting but we have been writing puts against this short to raise our short price. We expect markets to move higher into the New Year. DOW 18K and SP500 to 2100+ is going to happen. 

trucharts team 

Trucharts.com Blog week ending 12/12/2014

Trucharts.com Blog Week ending 12/12/2014

We expected the markets to hit 18000 for the DOW and 2100 for the S&P500. It came close but did not touch these milestones. We stated that the markets were looking extended and that the risk was high - that scenario played itself out this past week. The breakdown in oil and the commodity complex was not surprising. We expect oil to hit between 50 and 55 - that would be more than a 50% correction and we expect some bottoming in that range. The commodity 15 year bull cycle may be coming to an end. Stocks looked extremely extended and one of our sentiment charts was showing that a puulback was imminent. Check out this chart which had predicted prior pullbacks - it is the chart of the stocks below their 50d SMA vs S&P500 - check this chart below:

You can see in the chart above how the trend for the stocks above 50d SMA is trending down even when the market is hitting new highs. This is evident in both the charts for stocks on the NYSE and NASDAQ. It does not appear that this has bottomed. We should keep an eye on this indicator on ur reports page under "Charts" at .

We expect volatility to be up this week and the S&P to touch the 50D SMA at 2000 and we have to see if the buyers jump in. The DIA has it's 50D SMA at 172.4 - we would like to see if this bounces back. The megaphone pattern in the indices is lookign evident - but then we have to wait and watch - if that does play out then the S&P500 has to break below it's previous low on the prior corrction in October. 

Fortunately for our portfolio, we followed our charting buy/sell signal strategies and closed positions in SDRL (down over 50% from our sell price), RIG, USO (all oil related). We stated shorting GM - still looks like a good short - in addition we had shown the chart for FCX as short in our last blog. We are short ALTR, IBB, DAL, YHOO and long BIS, WSM. We have hedged our positions with puts and calls. Although we see opportunity oin shorting AA - we will wait and watch since we are over exposed to shorts currently. 

Good luck trading next week.

Trucharts team 

A good stock to short - Check this

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

Check out this chart for SNDK - we made money on this stock last time. Looks like a great short. MACD down, RSI down and stocks breaking down:

Trucharts team

Trucharts.com - Markets Update and stocks to Watch 12/12

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

Markets down today - check out our published chart for SPY - we stated trend was down and we are seeing that manifested in the markets today. Yesterday was a short squeeze and today we are headed to 2000 on the S&P.

Stocks to watch: ADBE, RH - for coming week.  Short DAL, YHOO, AEM and IBB.

This is what our elected officials are doing in the United States of America - watch out for your future and we elected these folks to represent the common man - unbelievable..

http://finance.yahoo.com/news/congress-moves-one-step-closer-162100123.html

Trucharts.com Markets update 12/11

Free Stock Charts/Scans/Stock Screener at Trucharts.com: 12/11

Well we had huge ramp this morning - we suspect this was huge short squeeze which led to short covering. The trend is still to the 50d SMA. Oil crashed and gold pulled back. RH stock earnings drove up the retailiers and their forecast was positive. So WSM (we are long) moved up and our shorts are still holding. There was pullback towards the end of the day and the ISEE closed at 54 - one of the lowest readings in the longest time. Watch the 50d SMA for SPY. Markets are trading very technically. Fundamentals are just an excuse now. Bubbles are made of volatility, no fundamentals and lot of big moves in the markets while bears and bulls try to fight it out. We think oil should stabilize in the 55-60 range. Still holding all our positions. We hope there is now a revolt against the airlines for baggage fees - now that oil is down - they should no longer be charging these fees.

Chart for RH at:

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

Trucharts team

Markets Update 12/10/2014

Markets Update 12/10:

Markets down, oil down, gold down and our short positions are right on the money. We have been saying markets look extended here and the commodity crash will impact the markets. We have been short DAL, YHOO, ALTR, AEM and long BIS, WSM, CYBR. We think the markets will test the 50d moving average. GM still looks like a good short.

Watch this closely - HYG - correlates to market performance and trend.

Stocks to Watch - 12/4/2014

Stocks to watch tomorrow: SLAB, MCHP, CARB, JCOM.

Here is the slab chart - good for short term trade:

Stock Carbonite takeover - updated

Carbonite stock -

Stock Charts Free, Charting / Predefined Stock Scans at TruCharts.com:

We really missed CARB (Carbonite) - we had an instinct that it would be a takeover candidate and today JCOM announced a takeover of Carbonite.  

Check out the JCOM chart here (amazing):

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

Stock Charts Free, Charting / Predefined Stock Scans at TruCharts.com:

Very good article : Please read 

http://www.marketwatch.com/story/hindenburg-omen-cries-bear-market-again-2014-12-03?siteid=yhoof2

Stock Market Update 12/3/2014 Close

Stock Market Update 12/3/2014 Close Updated with ISEE:

Markets closed strong again today, we still think DOW 18000 is going to happen along with a hit of the 2100 on the S&P. Up Volume on NYSE and NASDAQ was 2:1 which shows there is still strength and trend for a move higher.  Advancing issues was 2:1 (175 new highs and only 74 new lows) on NYSE and 1.6:1 (135 new highs and 86 new lows) on NASDAQ. We have the job reports on Friday and if weak - watch out for bond yields. 

Still long WSM/CYBR/QIHU and YELP.  Short AEM, IBB and DAL.

Stock Charts Free, Charting / Predefined Stock Scans at TruCharts.com:

ISEE closed today at 136 - implying markets are heading higher - this is inline with the internal dynamics of the markets which we have shown above.

Good luck trading.

Trucharts team

Stock Buy/Sell Strategy Signals at TruCharts.com

Stock Charts Free and Stock Scans at TruCharts.com: Stock Buy/Sell Strategy Signals:

Here is the report from our trade strategy sorted by volume.  These are stocks that generated a buy signal yesterday from one our fast trading strategies - check the open on all these stocks today and you will see all of them opened positive and you could have made money in these stocks.

Trucharts.com Buy Strategy signal for AMZN

Trucharts.com AMZN stock update:

Stock Charts - Predefined Stock Scans - Trucharts.com - AMZN stock update: (Stock Trading Strategy); StockScreener.

Check here below our buy/sell strategy for AMZN - we had a buy signal around 305 and today the stock is up to 327 a move of over 5% in less than 4 days - this strategy is available for free at our site for registered subscribers.

AMZN Stock Chart with BUY signal

Trucharts Invitation

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Also check our special subscription offer for the holiday season.

You can find many excellent technical analysis tutorials at this page: 

http://finance.yahoo.com/video/playlist/talking-numbers/;_ylt=AwrSbD6xd2JUcGsA.k1XNyoA

Trucharts.com - Stockwatch List

Turcharts.com - Stocks to Watch List

Here is our list of stocks to watch for this week:

NSC    - Up today $3 - our buy signal triggered on Friday and shown in our blog

ABBV  - Up today $2

XOP    - down - but we think consolidating

T        - moving higher

MO     - hitting new highs

JRJC   - China allowing foreign investors access to China markets

USO    - Consolidating - watching closely to see breakdown or move up

WSM   - Watch closely - earnings expected 11/19

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

Stocks to watch Update

Stock to watch Update and Hot Stocks

AEM was down this morning (we shorted yesterday) - Gold down $30+ today.
AAPL up, BIDU up, V up and MA holding here. 

Markets are moving higher - here comes the end of year bubble.


We plan to short GM at 32+.

Hot stocks today: GRPO, KLAC - watch these closely and V for move higher.

Trucharts Team

Trucharts.com Market Update 10/30/2014

Trucharts.com Market Update 10/30/2014

Well we are definitely getting a wild roller coaster ride today.  Stocks we picked yesterday are booming today from our watch list - stocks like V, MA, BIDU.  BIDU is a breakout and relative to Google valuation - it is still cheap.  V and MA look very tradeable here.  We shorted AEM - gold is definitely heading lower and the gold miners will get crushed even more.  We had covered our short on AU too early.  

Also check out this news article on China bad loan problem:

Also check this link/news about China bad loan problem: http://www.zerohedge.com/news/2014-10-30/bad-debt-chinas-and-worlds-largest-bank-surges-most-ever

Long V, MA, BIDU - short gold and gold miners.

Trucharts Team