trucharts.com - Markets update

Trucharts.com - Market Update

Markets are consolidating and there is profit taking after this huge run up.  We think the funds will try to cash in before the holiday season to keep up their performance numbers. Also the election is creating some uncertainty.  We are short GLD and AEM.  Long AAPL, LNKD and we may close USO it seems to be breaking down.

Trucharts team

Stock Charts - Trucharts.com 

Based on the charts we are seeing - we expect the markets to move higher here and consolidate - there are some indicators that are overextended - but we think the trend is higher and for the S&P  (as stated earlier) is to head to 1960-1970 range.  

Some stocks are looking really good from our buy signal report on our reports page under the TUHQ Fast Trade Buy SIGNALS report at: BUY Signal Reports.  Check out this very good reports page which shows our predefined scan results end of the day.  You can use the mouseover chart feature to scan through many stocks very quickly. A feature that was designed by a team of hedge fund managers.

Long AAPL, T, USO and TUBE.

Trucharts team

Trucharts.com end of weekly blog update - 10/17/2014

Trucharts.com end of week Blog update 10/17/2014

What a week of market gyrations.  It had our head spinning.  We were expecting volatility – but this was nothing we have experienced in the past two years – since the markets (like we stated before) have been going up in a straight line.  The correlation between the Fed balance sheet and the markets has been moving in tandem.  And then the Fed speaks anytime the markets drop – because obviously all the Wall Street guys are concerned about their portfolios dropping and how this will impact the average investor.  Fed governor Bullard spoke and then we had some other Fed governors speak – as soon as that happened the markets jumped and bounced.  It is like a scripted movie – predictable. Bullard (non-voting member fo FOMC) stated that the Fed should keep the bond buying active – wow!! As if the Fed balance sheet is not big enough yet.  It is $4T – yes 4 TRILLION and that has created a bubble in stocks, real estate and every asset.  Bonds had moved higher into this volatility and the VIX spiked to a high of 31+ and then settled the week at 21.99. We expect the VIX to pull back and bring some sense to back for some time into the markets.  There are some interesting charts we have shown below and with comments and trendlines indicated.  We are short IBB still and GM.  We expect NFLX to pull back and since we have earnings coming up from AAPL and many big names next week – we would like to stay on the sidelines and keep our powder dry.  We went long USO even though we think the correction in the OIL/energy sector is not over.  Gold did bounce but the long term chart looks weak.  Gold miners are getting slaughtered.

We have added one of our unique sentiment indicator charts at link:  http://www.trucharts.com/MarketSentiment_ISEE.aspx

This is of VIX vs SPY500 and you can see clearly how the VIX spiked significantly last week.

We have added the charts for LUV (Southwest airlines) – position closed last week.  DAL short closed last week – even though we may retake the short positions in these later.  Our SNDK profit was 150% – Oct 92.5 puts – we bought at $4 and it closed and sold for $10 on Friday expiration.

XLE chart shows breakdown in the energy sector.

QQQ bounced exactly off the 50 week average – see chart below.

The volatility did allow day traders to take advantage of the daily moves in the markets/stocks.  One of our fund manager friend who manages a S&P futures fund made the highest return and the return for the week was a whopping 17% and the YTD  return has been 64% with a hit ratio of 96.5%.

If you are interested in discussing this with our hedge fund manager – please contact us at support@trucharts.com and or at bbhatia@trucharts.com.  Please keep in mind that the minimum investment required is $50K or $100K.  

Here is the weekly return chart for past 32 weeks.  As you can see the return is low when volatility is low – but none the less positive.

        

 

 

 

 

 

Best of luck trading next week;

Trucharts team

Trucharts.com - Market close Update for 10/15/2014 and NFLX stock

Trucharts.com Blog Update market Close and mr NFLX

Well what a comeback - probably to suck in all the folks - do not get caught in this bull trap - sell into rallies.  Since VIX is up we expect such volatility in the markets.  Major moves up and down.  And here is the story of the day NFLX..  

Stock Charts - Free - Trucharts.com - We mentioned to watch NFLX closely and it is down 100 (yes you read that correctly $100) after hours - their new interface sucks.  We showed the technical chart this week and showed how it was looking weak.. A big Yes for technical analysis..

Trucharts Team

Market Update - 10/15/2014 - AM Update

Stock Charts/Scans FREE - Trucharts.com - We had a sharp selloff and a spike in volatility.  Retail sales did not look very good.  

Watch NFLX stock - very expensive and ready to pullback.  We are still short the biotech sector and GM/HPQ. Long BIS, ED, T - we like the utility stocks here since the yields on the treasury bonds are pulling back.

NFLX Chart: Check the weekly pullback in RSI and MACD indicators.

Check out our site features at - our page - Why Trucharts.com? 
http://truchartscom.blogspot.com/p/why-is-trucharts.html

Stock Charts Free - Trucharts.com - IBB chart update

TruCharts.com Blog Update for ETF IBB

Check out this chart for IBB - next support is at 50 week moving average.  Note the RSI and MACD for weekly -  If it breaks and closed below the 50 week - next support is at 220.

Stock Charts - Trucharts.com - Blog Update ending 10/10/14

Trucharts.com - Blog Update week ending 10/10/2014

Well what a volatile week this was.  Markets ended on a weak note on Friday.  We stated last week that volatility was high and that it would pull back - well we did get a pullback on Monday but then it moved up significantly by Friday.  There were huge moves in the markets and in oil.  Oil closed below the $85 mark.  Many oil drillers and stocks related to the oil industry are crashing and we think this well affect the Texas economy significantly.  Last week we showed some very good charts on the markets - we indicated that there was underlying technical weakness even as the markets were moving higher.  The RSI and MACD were weak and this is where techncial analysis becomes very useful. We believe that there is incessant selling in the oil stocks due to margin calls.  Just check the stock charts for APC, CLR, APA, HAL and many more.

The gold miner stocks are also getting crushed.  We still like gold - we suspect it has bottomed here for a short time - but the long term trend is showing a possible price target of $1000.  We will keep a close eye on this.

Last week there was news from Microchip (MCHP) that affected the semiconductor sector.  We had been short SNDK and SIMO.  We think this is real weakness and expect this to continue through into 2015.  Check the charts for NXPI, AVGO, LLTC, XLNX, LRCX, KLAC and many more in this sector at: www.trucharts.com/stockview.aspx.  This sector is in major correction mode as is the NASDAQ.

We indicated that we would be shorting HPQ, SNDK, GM and we took short positions in these stocks.

Now for the next sector which we have been indicating is in bubble mode and should see a correction or major pullback - we are long BIS and short IBB.  We have been showing these charts for the past 2 weeks.  Here is the chart for IBB and BIB - note the close belowe the 13 week average for the first time in over 12 weeks - also note the technical weakness in the RSI/MACD and volume. The next support is at the 50 week moving average.

BIB weekly close

IBB weekly chart

Stock Charts - Trucharts.com - Buy/Sell Signal Strategy

TruCharts.com - Auto Buy/Sell Signals using our trade strategies

Here is an example of our buy/sell signal strategy on our site - just by the click of a button:

This picture is for YHOO weekly chart - we had bought the stock based on the weekly buy signal and closed the position this past week.

Brief update - TruCharts.com - Week ending 10/14/2014

Brief Update - Week ending - 10/10/2014 - Stock Charts/Stock Scans

Check this chart for biotech ETF IBB - closed below 13 week moving average for 1st time in around 12 weeks. This is a major short - see the MACD and RSI - close your biotech stock positions - this sector is going down - short IBB and biotech sector. We are short GM/HPQ/SNDK and biotech sector.  Next test level will be the 50 week moving average - around $244.  Watch this level closely.

Here is the chart:

IBB ETF - Weekly Chart

Stock Charts - Trucharts.com - Blog update 10/10/14

Free Stock Charts - Trucharts.com -  We have been saying sell into rallies and sell biotech stocks.  We are short IBB and GM/HPQ.  Expect this downdraft to continue.  Take profits now. 

truCharts.com; Stock Charts update 9/3/2014

Stock Charts - truCharts.com - Update 9/3/2014

The DJIA and the SPY are moving within a very tight range for the last few days since the close above 2000.  There may still be legs in this rally, but we advise taking profits in at least half of your positions and watch oil closely today - coming off an oversold condition - check USO and OIL - we still like these from a technical analysis point of view.  BIOTECH rally is running out of steam here - very overpriced sector and over hyped.  We will go long USO (full disclosure) end of day today and are long TUBE, BIS and YHOO.  We will publish a technical update on the indices this week and show some technical divergences.

TruCharts team

www.trucharts.com