Link to New Site video tour: Check it out
This is our video tour for our new and updated site. Check it out.
https://www.youtube.com/watch?v=t6xMLf5EIx0&t=309s
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Trucharts.com
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Showing posts with label trucharts.com. Show all posts
Showing posts with label trucharts.com. Show all posts
November 1, 2015
Best October Market Rally, Do you Buy, Sell or Hold?
Best October Market Rally, Do you Buy, Sell or Hold?
Trucharts.com Blog update week of 10/26/2015
Well again due to some business commitments we were unable to update our weekly blog for over two weeks now. We are finally back and updating our readers on what has transpired and with all the financial media going nuts over the best October rally, we have to sit back and see what to do next and plan for Q4. Check out our site for the best buy/sell signals for stocks and just apply it on BABA stock and you will see why we went long at 62.. Go tot the stock charts page and click on the Trucharts Trading Strategies bar - seen in red below and you will get the different trading strategy options to apply to the chart - (please read our disclaimers - please do your due diligence and consult with your financial adviser before making investment decisions) - this is for information purposes only. We offer this to our paying and free subscribed users only. You can try this on VRX and you will see it generated a SELL signal around 220.
There is no doubt that the rally was expected. We had discussed this in our last blog and our updates via twitter (twitter handle: @trucharts) and on facebook at (https://www.facebook.com/truchartscom-273554162830234/) - we expected S&P to reach around 2100, DJIA to reach around 17800 to 18000 and that is exactly what the indices did during the October rally and with earnings season in full force - markets responded to stocks with good earnings. We believe that this is a short lived rally and even if we hit new highs, we would sell into the rallies. Markets are not significantly overbought yet so we expect some sideways movements in the indices. The Fed spoke (amazing) and now that they realize they are well behind the curve in raising rates, the again tried to spook the markets by indicating a possible rate hike for December. Markets are in bubble mode - real estate along with it and it is not just here but all around the world. We have bubble blowers and Central banks printing money while earnings from companies are drying up and not even meeting lower estimates. The Wall Street gang plays this game beautifully, lower the estimates and when the companies report slightly better results, the street starts their cheering. One has to look through the numbers - but from a technical trading point of view you just have to be ready to trade based on the earnings announcements. Here are some charts for the S&P , DJIA and a chart we pulled from a very interesting article on M&A activity which typically tends to peak around market tops.
ADDED: Another good read:
http://www.zerohedge.com/news/2015-10-31/quick-bull-vs-bear-case-8-charts
Link to article: http://finance.yahoo.com/news/ubs-beginning-end-bull-market-131106708.html
Source Bloomberg/UBS:
From the charts below for SP500 and DJIA we expect sideways movement and possible new highs into Q4 due to a typically strong Q4 season for the markets and we would lighten up into this sideways and possible upward movement. We would not hesistate to write covered calls on long positions. We have done that already for many of our accounts. Many tobacco stocks appear overbought, so we would either sell these or hedge with puts or reduce cost basis via covered call strategy. We are long PM and LLY. Our MRK position got called away.
As you can see the MACD is getting extended as is the RSI reaching overbought conditions. But we expect this to last for sometime with minor pullbacks and sideways movements.
We would lighten up on biotech stocks and health insurance companies. We believe that Obamacare is a total disaster and will very likely get repealed if the GOP takes the White house. The premiums are unaffordable and we are seeing several co-ops going out of business due to high costs and then the insured are being put into a situation with no coverage and high costs. We believe this will not end well and there will be a new wave or change in the healthcare system in this nation. The current scenario is not sustainable and is designed heavily in the favor of insurance companies and drug companies. We also think these insurance companies may have reached a peak in their earnings cycle. Our net portfolio is short tech stocks. AAPL seems to have peaked and we do not expect any major move in AAPL - we still like NFLX - as Q4 is a strong season for them.
Good luck trading.
Trucharts team
There is no doubt that the rally was expected. We had discussed this in our last blog and our updates via twitter (twitter handle: @trucharts) and on facebook at (https://www.facebook.com/truchartscom-273554162830234/) - we expected S&P to reach around 2100, DJIA to reach around 17800 to 18000 and that is exactly what the indices did during the October rally and with earnings season in full force - markets responded to stocks with good earnings. We believe that this is a short lived rally and even if we hit new highs, we would sell into the rallies. Markets are not significantly overbought yet so we expect some sideways movements in the indices. The Fed spoke (amazing) and now that they realize they are well behind the curve in raising rates, the again tried to spook the markets by indicating a possible rate hike for December. Markets are in bubble mode - real estate along with it and it is not just here but all around the world. We have bubble blowers and Central banks printing money while earnings from companies are drying up and not even meeting lower estimates. The Wall Street gang plays this game beautifully, lower the estimates and when the companies report slightly better results, the street starts their cheering. One has to look through the numbers - but from a technical trading point of view you just have to be ready to trade based on the earnings announcements. Here are some charts for the S&P , DJIA and a chart we pulled from a very interesting article on M&A activity which typically tends to peak around market tops.
ADDED: Another good read:
http://www.zerohedge.com/news/2015-10-31/quick-bull-vs-bear-case-8-charts
Link to article: http://finance.yahoo.com/news/ubs-beginning-end-bull-market-131106708.html
Source Bloomberg/UBS:
From the charts below for SP500 and DJIA we expect sideways movement and possible new highs into Q4 due to a typically strong Q4 season for the markets and we would lighten up into this sideways and possible upward movement. We would not hesistate to write covered calls on long positions. We have done that already for many of our accounts. Many tobacco stocks appear overbought, so we would either sell these or hedge with puts or reduce cost basis via covered call strategy. We are long PM and LLY. Our MRK position got called away.
As you can see the MACD is getting extended as is the RSI reaching overbought conditions. But we expect this to last for sometime with minor pullbacks and sideways movements.
We would lighten up on biotech stocks and health insurance companies. We believe that Obamacare is a total disaster and will very likely get repealed if the GOP takes the White house. The premiums are unaffordable and we are seeing several co-ops going out of business due to high costs and then the insured are being put into a situation with no coverage and high costs. We believe this will not end well and there will be a new wave or change in the healthcare system in this nation. The current scenario is not sustainable and is designed heavily in the favor of insurance companies and drug companies. We also think these insurance companies may have reached a peak in their earnings cycle. Our net portfolio is short tech stocks. AAPL seems to have peaked and we do not expect any major move in AAPL - we still like NFLX - as Q4 is a strong season for them.
Good luck trading.
Trucharts team
April 8, 2015
3 weeks and 15% return on one stock - how did we do it!!
Trucharts.com - covered call buy-write strategy BIDU stock -
Free Stock Chart, Scans and best features of any stock charting site on the web:
How we made a 15% return in 3 weeks..
Our return of 15% on BIDU - bought stock at 205 - wrote weekly covered calls for two weeks $5.00 each - these expired worthless and then we wrote another covered call for this week for $5 - total credit was for $15.00 (for three weeks) and if stock gets called away Friday 4/10 we would end up making $1500 on ($10250) investment (50% margin). Awesome 15% return!!
UPDATE : OUR STOCK CALLED AWAY ON FRIDAY APRIL 10.
Chart here: www.trucharts.com/stockview.aspx?TICK=BIDU
Trucharts team
April 1, 2015
Follow us here for regular updates
To all our followers and users:
You can follow us at the following links on FB, G+ and Twitter for regular updates on our picks and positons and new trades:
https://www.facebook.com/pages/truchartscom/273554162830234
You can follow us at the following links on FB, G+ and Twitter for regular updates on our picks and positons and new trades:
https://www.facebook.com/pages/truchartscom/273554162830234
January 25, 2015
Trucharts.com Hot Stocks and Stocks to watch - Weekly Blog update - week ending 1/23/2015
Trucharts.com Weekly Blog update - week ending 1/23/2015
A shortened week and the Draghi moment on Thursday when the markets were up nicely after another round of QE was announced 1 Trillion Euros – all central banks are printing money and there is no stopping – low interest rates (negative in the Eurozone) and then we have stock bubbles and ZIRP in US is showing up as bubbles in stock valuations and real estate. We do not expect the Fed to do anything this year on the Fed Funds rate and Draghi is bent on destroying the Euro (which incidentally is at 1.115 to the USD) – now European vacations are going to be lot cheaper. And then we had the Greek election and the drum roll please !!! – the anti austerity party won the elections – what a surprise!! Are the Greeks going back to the drachma??
Enough politics – what does this do to the markets – the move up on Thursday was a big move and the move down on Friday looked like a consolidation move and the trend is still intact – the RSI and MACD is moving higher and we think oil is vacillating within a tight range, and gold is also consolidating. Keep an eye on gold and oil. There are over 1300 companies reporting earnings this week. AAPL is on top of the list and as are many big names. Check out the earnings calendar on our site at:http://www.trucharts.com/earningsview.aspx and also we provide the earnings date for any stock on the stock charts page. Futures are pointing to a lower open, but we expect the AAPL earnings maybe the catalyst and Fed speak is what is going to drive the markets.
We are short GM, F, IBB, DAL (sold some puts also) and long USO, WSM, K, CYBR, LINE and went long BOX on Friday. Our ALTR short was a good call and GM calls expired. Our Trucharts.com BUY/SELL strategies are working well and we are using these to make trade decisions along with watching the technicals closely. There will be a lot of noise during the earnings season, so be watchful. Here are some stocks we like: K, and the list below – futures are down this morning – so be careful with your entry and keep tight stops – the trend is still up and we think until the Fed speaks we may see some volatility.
| BABA | 104.0200 | 105.2000 | 103.0200 | 103.1100 | 104.0000 | 9847987 |
| CME | 88.5000 | 88.9400 | 87.6800 | 88.5100 | 88.5700 | 1058695 |
| EBAY | 56.9900 | 57.2800 | 56.3100 | 56.7600 | 57.1500 | 13357022 |
| ETFC | 23.9000 | 24.9700 | 23.7800 | 24.5600 | 22.6500 | 12271579 |
| EXPE | 84.3300 | 88.6500 | 84.1400 | 87.4400 | 85.7100 | 3679708 |
| HON | 101.1100 | 103.9200 | 100.5000 | 102.4100 | 99.3900 | 5209857 |
| HPQ | 39.9600 | 40.2500 | 39.7600 | 40.1000 | 40.0600 | 6171057 |
| IWM | 118.3400 | 118.7700 | 117.5500 | 118.1300 | 118.2000 | 26223219 |
| MNKD | 5.5900 | 5.8000 | 5.5100 | 5.7400 | 5.5700 | 4143225 |
| NOW | 66.5900 | 69.5000 | 66.5500 | 68.7400 | 66.1400 | 1015475 |
| SNPS | 43.2000 | 43.8500 | 42.9000 | 43.5300 | 43.1700 | 448589 |
| VLO | 48.1500 | 50.9000 | 47.7400 | 50.1600 | 48.0000 | 11559865 |
Check our Reports section for many other picks in the MACD bullish crossover reports and others.
Please spread the word and invite your friends to use the site and take advantage of out recommendations and site features.
Trucharts CEO and Founder
Bob Bhatia
January 13, 2015
What a day!!! - closing remarks 1/13/2014
Well it sure felt like Friday the 13th today. Markets were up and then pulled back completely. We think it was a bull trap and people are very concerned about the upcoming earnings reports and forward guidance. With oil dropping and the commodity sector (at least for now except gold) falling - looks like there maybe some rough riding here. These type of moves happen when there is tug of war between the bears and the bulls. TIF (Tiffany got massacred yesterday) - Crappy stock SNDK got killed - they were getting the benefit of a bull market and we think the semiconductor run maybe over. Please take profits in this sector until the 2nd half of the year comes around. Technically, today was a bearish day - see chart below for DIA and SPY. You will see lower RSI , lower MACD and the DIA/SPY closed 50d SMA. ALmost looks like a bearish wedge pattern.
We think oil has reached the bottom of its range - we will watch it here carefully and try to establish a position in USO.
We hope to see some good results from the retailers - we will keep an eye on that.
We will close our ABBV position tomorrow - should have closed it today.
We are long AMKR,WSM,K,CYBR,USO and LINE. Short GM,F,AEM,DAL,IBB. We always hedge our portfolio with options and not be all long or all short.
Check out our site and you can clearly see our auto buy/sell signals for your stocks.
GPRO and MU were on the sell signal list 4-5 days ago.
Trucharts team
We think oil has reached the bottom of its range - we will watch it here carefully and try to establish a position in USO.
We hope to see some good results from the retailers - we will keep an eye on that.
We will close our ABBV position tomorrow - should have closed it today.
We are long AMKR,WSM,K,CYBR,USO and LINE. Short GM,F,AEM,DAL,IBB. We always hedge our portfolio with options and not be all long or all short.
Check out our site and you can clearly see our auto buy/sell signals for your stocks.
GPRO and MU were on the sell signal list 4-5 days ago.
Trucharts team
December 21, 2014
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
December 15, 2014
Brief Update on Markets 12/15/2014
Free Stock Charts/Scans/Stock Screener at Trucharts.com -
We talked about gold pulling back and being short IBB - both of these are moving down and the commodity complex breakdown is going to affect gold and gold miners. Russian ruble has completely crashed and is now worse than the Indian Rupee. Amazing what US political power can do. Short AEM, GM and IBB, long BIS and WSM.
Markets were up and everyone was getting excited this morning. Then we had a pullback and we need to wait and see if the markets consolidate here.
Trucharts team
November 10, 2014
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
November 4, 2014
Trucharts.com - Help file for REPORTS page - Check this out
TRUCHARTS.com - REPORTS page Help files
Stock Charts - Trucharts.com - Help file for REPORTS page - Here below today we have attached two pcitures showing the details for our reports page and the explanation of the fields - you can also see our mouseover feature - you can access the page at: www.trucharts.com/marketreports.aspx.
October 30, 2014
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:
Long V, MA, BIDU - short gold and gold miners.
Trucharts Team
October 23, 2014
TruCharts.com Update on stock TUBE
Here is the chart - major breakout - today:
October 9, 2014
Stock Charts - FREE - Trucharts.com - BIOTECH SECTOR - Blog Update 10/09/2014
Stock Charts - Stock Scans - TruCharts.com - Here is the chart for XBI and BIB - two biotech ETFs - note the technical weakness in the RSI and MACD indicators. Take profits in biotech sector - and sell these if you hold these in your portfolio.
September 3, 2014
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
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