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

Trucharts.com - NFLX and JAZZ buy signals - check this out

Free Stock Charts, Auto Buy/Sell Signals - Trucharts.com:

Market closed up today - we had a 7:3 advances to decliners on the NYSE. NASDAQ and Amex were almost even advances to decliners. S&P closed almost at the highs and then there was NFLX - probably caught a lot of folks short in this position covering their positions - but the numbers for NFLX were strong and we believe this stock (even though expensive) is going higher. Check out these very interesting charts below. On both these stocks JAZZ and NFLX our trading strategy generated BUY signals yesterday - this strategy is a leading indicator and both stocks JAZZ and NFLX were up today strongly. This feature can be accessed on our site on the stock charts page. The link is www.trucharts.com/stockview.aspx - look under Trucharts Trading Strategies under the chart. Amazing buy signals.

Trucharts Blog Stock Charts Free - Week ending - 1/16/2015

Trucharts.com Blog week ending 1/16/2015. 

Happy MLK day - markets were closed today - but what a closing on Friday almost 8:2 advancers vs decliners on NYSE and NASDAQ - we suspect short covering rally and short term oversold conditions - but technically the markets look weak and we had a 13d SMA crossing the 50dSMA for the indices - we expect a bounce to the 50d SMA - we had a strong close and gold moving higher, along with oil. And then we had the Dutch cut their interest rates to -ve. SO we pay the banks money to hold cash - think about that for a second - you pay the bank to hold your money - wow!! Then there is the expectation that the ECB will unleash another round of QE - when are the idiots in the Eurozone get it through their thick skulls - QE does nothing in a heavily taxed and socialistic government structure - reduce taxes and act like Ronald Reagan and let's see what happens - really dumb people lining their pockets. So stupid.

Today China reported the GDP number - 7.4% and then yesterday the markets in China got crushed as China pricked the stock bubble by regulating margin accounts which were non-compliant to the capital requirements. Now everyone expects China to unleash another round of stimulus. The whole world and asset prices are now running on steroids - that is what I call QE and all these stimulus injections into the economy - eventually these will hurt and the central banks are scared shit. Gold is the real currency and there is now a currency war in play an oil glut and stocks/real estate in bubbles everywhere. We never seem to learn from our mistakes.

This will be the start of the earnings barrage week - check the earnings calendar on our site at: http://www.trucharts.com/EarningsView.aspx

We closed our ALTR calls last week - our call on ALTR short was correct.

DAL - we sold puts for Jan 30 for 44 strike - we are still short DA and the 44 puts, GM and F.

Our GM call spread for 34.5 and 36.5 expired worthless. Our stock K is doing well and we are long WSM, TWTR, CYBR, USO and ANV. We still like gold here because it broke through resistance and the Chinese New Year is in February.

Here are some good picks for the coming week -

XLU (www.trucharts.com/stockview.aspx?TICK=XLU); Other stocks (www.trucharts.com/stockview.aspx?TICK=SO) - the utility stocks look good in this falling interest rate environment. Our call on HELE was good - still looks strong.

Chart of GRMN here below - looks good technically for a short term trade:

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. 

  

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

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 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