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

Trucharts.com Blog week ending 12/19/2014

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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 

TUBE stock position update

Today we deeply regret selling our position in stock TUBE - stock is up over 40% since we recommended it. Bad decision to sell.

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 

Stocks to watch for 10/30/2014

Stocks to watch: 10/29/2014

Stocks to watch: 10/29/2014

Watch these stocks today - BIDU, V, MA, FFIV, STX, CRUS - all reported earnings after hours today - V jumped and looks tradeable (announced a $5B buyback). 

We published the article on the Fed announcement - QE is over - thank God.  Now we get to the interest rate rise.  What a massive bubble the Fed has created and the world banks along with it.  

Gold dropped and USO bounced today - we will be shorting AEM (Agnico Eagles Mines) tomorrow in anticipation that gold is definitely headed lower.

Closed TUBE position today with very high reluctance to sell this position.  We made money so we are happy.

Trucharts.com team

TruCharts.com Update on stock TUBE

Go check our blogs and picks and the stock TUBE has been on our list for the past 3 weeks and today it broke out - here is the latest close as of today 16.73 Up 2.94(21.32%) 4:00PM EDT up 21%.  There you go technical analysis works - use it and stop all this other fundamental nonsense. 

Here is the chart - major breakout - today:

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

Market Close Update - Trucharts.com - Stock Charts - technical analysis - 10/20/2014

Trucharts.com - Brief Update - 10/20/2014

Markets closed strong today as we predicted - VIX was extremely high last week and it offered a great opportunity to sell some puts and cover shorts.  NASDAQ, SP500 closed at the highs and we are seeing a rebound in gold due to issues in Eurozone - Greek bond yields have surged higher.  This looks like it maybe a bottom for the gold miners - but we will have to see confirmation come from gold price.  Our long positions did well - T, TUBE and USO (coming off a bottom looks good) - OIL is extremely oversold and should move higher.  We expect AAPL to announce a good quarter and provide a good forecast - we will post an update on this later.

See this very interesting article below on hedge fund long exposure in the markets.

Technical Analysis - Trucharts.com - Check out this article released by BOFAML on hedge fund exposure to the markets - 

http://www.zerohedge.com/news/2014-10-20/going-q3-hedge-funds-have-never-been-more-bullish

Trucharts.com - Stock Charts - Market Rally - ALL Indices up

Trucharts.com - Blog Update - 10/17/2014 AM

Yesterday at the end of day we said the VIX was extended and we expected some type of rebound - in addition to the markets being oversold. We were expecting this and that is what we are seeing today. Excellent day for traders to make money. We were long USO and TUBE into this rally. The Fed and ECB are the key focus and Fed liquidity is what is driving these markets.  We would sell into these rallies and take profits.  We expect this to last into next week since many major earnings will be out from many bgi names next week.  Keep your powder dry and if you are a great trader you can make some money here.
Watch XLNX and the oil sector for a bounce (oil sector was very oversold).  Watch for a pullback in the VIX.

Trucharts team

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

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