Stock Market update - Closing 2/25/2015

Stock Market update - Closing 2/25/2015

Free Stock Charts - Trucharts.com - 

On our watchlist today were USO (up), ANGI, LLY, and BOX. ANGI is consolidating for a move up as is BOX. BOX is very risky. We are long all these symbols.

Markets ended almost flat for the day after Janet Yellen's testimony. Gold was up slightly and oil was up today. We think there will be some pullback in thae markets or some consolidation. We still expect NASDAQ to reach and breach the 5000 mark - thanks to BIOTECH sector stocks and the bubble in internet stocks. 

Oil is consolidating here and trying to form a bottom - we expect thsi to move up into summer. 

Watch USO and OIL etf's closely.

Trucharts team

Trucharts.com - Hot stocks to watch and - Blog week ending 2/20/2015

Trucharts.com Blog week ending 2/20/2015 - And Stocks to Watch for the coming week and markets

Well another week and another set of new highs for all the indices - S&P, Dow and NASDAQ (headed to 5000) - We have been saying that what we experienced the week before was a breakout of descending triangle pattern and the markets just moved higher after the breakout. The Eurozone Greek situation is just noise and it is totally irrelevant to the markets in the US. That has been our theme and it has made money for us. Although we are seeing fewer stocks participating in this move up - nevertheless, the markets are heading higher. We expect a pullback to the 13d SMA and we should be mindful of that. We still like certain stocks and we will discuss these below. The Russian issue with Ukraine - just more noise - and Putin is going to keep the West on its toes - while the West is going to keep putting pressure on Russia by driving the price of oil lower - we expect this to be a bottoming process for oil and should last through summer this year. Gold is pulling back as the market moves higher and we are short AEM (www.trucharts.com/stockview.aspx?TICK=AEM) We are long USO and will keep writing covered calls on the USO position.

Our picks from our blog last week did very weel - TWTR, CYBR, USO, LINE - we closed LINE and CYBR this week.

Markets on Friday moved up due to the loan extension granted to Greece for 4 months - and the markets just rocketed higher - even with narrowing breadth/leadership. NASDAQ is being driven by the biotech sector and this weekend SLXP is being bought by Valeant for ~10B.

Next week we expect the Fed to keep the patient theme in their language to the Congress and here is a good article on earnings and news for what will drive the markets next week:

http://finance.yahoo.com/news/this-is-what-will-move-markets-next-week--tgt--hd--m--hpq--gdp-and-greece-182700341.html

Here are the market stats from Friday close(check the New Highs and New Lows on the NYSE and NASDAQ - lopsided to the New Highs) - means the markets are still seeing a fair number of new highs relative to new lows with market at all time highs - still a bullish sign:

Advances & Declines

	NYSE	AMEX	NASDAQ
Advancing Issues	2,143 (66%)	206 (51%)	1,427 (51%)
Declining Issues	1,005 (31%)	170 (42%)	1,263 (45%)
Unchanged Issues	90 (3%)	26 (6%)	106 (4%)
Total Issues	3,238	402	2,796
New Highs	164	9	131
New Lows	14	7	31
Up Volume	2,197,896,660 (67%)	58,220,649 (51%)	1,081,999,545 (63%)
Down Volume	1,044,822,426 (32%)	54,108,506 (47%)	594,106,069 (35%)
Unchanged Volume	53,196,027 (2%)	2,284,090 (2%)	32,536,265 (2%)
Total Volume	3,295,915,1131	114,613,2451	1,708,641,8791

Here are the stocks we will be watching this week and we especially like: KLAC, ALTR, Z, ANGI - check out the weekly charts for Z, ANGI and ALTR here below:

(Check the volume for ANGI) - we want to clearly warn you that these are risky stocks - the charts are for information purposes only. We will be looking to buy these based on our analysis.

Here are some other charts of interest this week:

www.trucharts.com/stockview.aspx?TICK=ALTR (we closed this week for 4.5% profit)

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

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

We closed out GM and F short spread for a small loss - we could have stayed short but decided to close these.

Check out our special subscription rates for new subscribers at:  http://www.trucharts.com/truCharts_Services.aspx

For SEO: Charts, Charting, Free Stock Charts, Free trading, Stock Screener, Dividend Stocks, Hot Stocks, MACD, Candlestick patterns.

Best of luck Trading.

Trucharts.com Founder/CEO

Trucharts.com Market closing update - 1/28/2015

Free Stock Charts/ETFs/Dividend stocks at Trucharts.com: Auto Stock Buy/Sell signal strategies - check out our site - free 30d trial:

Well another down day after Fed speak and the techncial picture is getting weaker. Read this article - a very good read on the market technicals: http://finance.yahoo.com/news/too-already-bear-market-110124065.html.

We stated we never have our portoflio all long or all short. We were hedged but stayed with our shorts - GM, F, IBB and DAL. We closed our YHOO short early. Our long side of portfolio was hedged with covered calls and today's weak close was not a good sign. 

OIL is getting crushed and our USO position is not looking strong. We will hold on as the bearish sentiment on oil is growing day by day. We now expect that oil will go to 40 possibly. Gold was down and we are short AEM. 

The market has been going through a tug of war between the bulls and the bears and looks like right now the bulls are losing. Earnings have been mediocre and a few companies are either beating or rasing their forecasts. Majority of the forecasts have been down for this year. Well what this tells us is that the economy is going to see some challenges this year and the world economies are in for a challenge. 

The Greek anti-austerity party victory is driving up the Greek bond yields - expect some fire crackers from the Euro zone - what happens if Greece decides to break away from the Euro zone. Who is next? 

We still want to stay short GM, F and AEM. We will sit and wait tight with our USO position and average down when the dust is cleared. 2000 onthe S&P has been the line in the sand - we will have to watch this 2000 mark and see if the S&P can hold or break it.

AAPL stock was up today and YHOO pulled back - FB still looks like a great short - overvalued company.

Trucharts.com - Free stocks and Scans - Markets Update and comments - 01/15/2015

Another down day and we stated in our blog and during the weekly commentary the up move looked like a bull trap and that the markets looked precarious. Earnings are not coming in as expected - and the high expectations were reflected in the high valuations and stock prices - it was like there would be no end in sight - markets were moving up on low volume into the end of the year. 

Stocks that do not look good are BBY (Best buy), INTC (Intel), FB (Facebook) - we shorted FB today. We went long gold miners today and we stated that these were looking strong over the weekend - the gold move up was primarily due to the down move for the USD and then the SNB announcement that the Swiss Franc peg to the Euro was no longer in play - that drove gold even higher - this tells us that the Euro is doomed and it will go to par with the USD. A lot of hedge funds exploded today due to the short position in the Swiss franc. 

We showed several stocks on our blog that exhibited weak technicals and were flashing sell signals in our weekly commentary on g+ and twitter (@trucharts). We are short IBB, GM, F, DAL and AEM. Long ANV, WSM, USO, LINE, K and BIS.

Click here to access the charts on our site: www.trucharts.com/stockview.aspx

The markets for the short term have not bottomed yet and we should see some technical weakness into the earnings barrage next week. We would short BBY here and our next pick is LAD - we think the auto cycle has peaked and any stock dealing with the auto market is a short - especially dealers and manufacturers (GM, F are examples of stocks we are short). Here is the chart for LAD and it flashed a red sell signal yesterday:

Use our site for auto buy and sell signal strategy. You can save and make money using this excellent proprietary trading indicator. 

  

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 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

Trucharts.com Weekly blog - stocks to watch week ending 01/02/2015

Trucharts.com Weekly blog week ending 01/02/2015

For SEO: Stock Charts Free, Charting, Stock Market, Technical Analysis, Stock Blog, Stock Buy and Sell Signals.

Happy New Year 2015 to all:

Market Stats:                     DOW 17832.99; S&P500: 2058.20; NASDAQ: 4726.81

	NYSE	Amex	NASDAQ
New Highs	55	5	64
New Lows	23	5	31
Up Volume	1,317,747,081 (49%)	54,149,125 (72%)	640,070,736 (47%)
Down Volume	1,361,184,794 (50%)	18,108,068 (24%)	714,790,713 (52%)
Unchanged Volume	31,963,947 (1%)	2,449,256 (3%)	11,961,935 (1%)
Total Volume	2,710,895,822	74,706,449	1,366,823,384

New Year and new resolutions - I am sure Yellen and the Fed have their resolutions already in place - we think there resolution is keep economy on track and no need to raise rates - the dollar strength and weakening economies around the world will bolster the demand for US $ and US bonds - we do not see the bond bubble imploding (at keast yet). Seeing the oil collapse and the Russian ruble collapse is making the US dollar gain more strength and we suspect the Chinese RMB will get weaker - with the Chinese economy slowing - the Chinese will have no choice but to allow the RMB to weaken and make their exports competitive and with the Chinese economy driven by exports to EU and other nations with weakening currencies and economies - the RMB has to fall further. That is our prediction for 2015 - what does this do to gold - with energy prices down we expect gold to drop also - but we will have to keep an eye on this - gold may also become the currency of choice - a tricky catch 22 situation. Oil drop is, we believe, a political driven drop and maybe mixed in with a hint of over-supply. This is affecting major economies like Russia, Venezuela and other major oil-producing nations. We expect oil to be range bound between $45-$70. We went long USO and LINE this week.  The economies of US states like Texas, Oklahoma, ND will be affected by this drop in oil price - we will have to see the impact.

Fed action - we do not expect any rate hikes this year as we stated earlier.

Stock bubbles and valuations - There is no doubt we are in a stock bubble - the accounting shenanigans, stock buybacks help moved the stock prices and earnings. Many stocks and sectors are trading at above average PEs - with the Fed holding back on raising rates, we expect stocks to possibly rise this year as there are almost no alternatives to make a decent return. Stocks look extended short-term and we expect a pullback here and will have to keep a close eye on the earnings and forward forecasts for Q1. Semi stocks were downgraded last qtr by BofA Merrill Lynch and this a sign that the semi stocks have had a nice long bull run and we would expect a pullback. Keep an eye on the following stocks SWKS, TXN, ALTR, XLXN, SYNA, MXIM, SIMO etc.

VC funding and company valuations are still outrageous and it smells a lot like 1999.

We also expect major dividend cuts from the energy sector stocks - so please keep a close eye on your small to mid-sized oil and energy stocks with current high payout and high dividend payments - these will definitely impact the stocks prices.

Consumer staple stocks and retail stocks are holding up well and we expect the retail sector to show decent earnings. There have not been any major warnings to date - with the gas prices at the pump dropping, we expect that consumers used this opportunity to spend more on gifts etc during this Christmas season.

Utility stocks had a huge run due to the drop in bond yields and we need to keep an eye on these - there was pullback on Friday - but we expect that this sector will still be strong this year unless there is a bond rout.

We added a new feature to our stock site: Multiple stocks charts on one page - check this link: www.trucharts.com/multiplestocks.aspx.

We additionally added Ichimoku cloud and turtle trading system - these are available on the www.trucharts.com/stockview.aspx.

We will be publishing the definitions and charts for all the indicators on our site soon.

Check out this stock LINE which we went long for a short term trade: www.trucharts.com/stockview.aspx?TICK=LINE.

Gold miner stocks were up on Friday - keep an eye on GDX, GDXJ.

Trucharts positions: Short GM (due to recall), technically stock extended, ALTR, DAL, IBB, AEM. Long USO, CYBR, WSM, K, HMY, LINE.

Best of luck for 2015 and use our site for auto buy/sell signal strategies and as we keep making improvements, we will keep you posted.

Thanks and please help us spread the word - our subscription price is one of the lowest and best in the industry for the type of information we provide to our users and if you have any ideas for improvements or information you would like us to add, please email our CEO and founder directly at bbhatia@trucharts.com - we look forward to your comments and feedback.

Trucharts Team

Trucharts.com Blog Update for Markets Jan 2, 2015

Stock Charts Free, Charting and Scans - Trucharts.com

Markets Update Jan 2, 2105

Happy New Year to all.

Well the market makers did what they had to do today to make the DOW positive. Even with negative economic news this morning and the apparent disaster looming in the EU - DOW ended positive for the day. OIL still heading down - we went long LINE for a short term trade - volume was almost 3.5x avg volume (they reduced dividend from 2.90 to 1.25 still a decent yield). Gold was flat and we closed out YHOO position today and went short GM after the recall news. 

Low volume day - now all eyes are on next week and then the earnings barrage. We are still short DAL, AEM (up today) with covered puts and long BIS, WSM, K, CYBR, USO.

Check out our new feature for mulitple stock charts on a single page at: http://www.trucharts.com/multiplestockcharts.aspx

Trucharts team

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 – 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