Markets and AA short

Trucharts.com - Stock Charts Free, Free Scans and Buy/Sell signals:

Be watchful here - markets are exhibiting characteristics of topping out after the NASDAQ run to 5000. Leadership is very thin and breadth is going down. We would take some profits and some money of the table.

Shorting AA after car sales report yesterday and breakdown in AA chart technically - here is the chart:

http://finance.yahoo.com/news/carmakers-stall-out-181940856.html

A very good article on oil and how it is going to impact companies in the oil sector: read it:

http://finance.yahoo.com/…/price-oil-blow-hole-corporate-05…

Trucharts.com - Weekly blog week ending 2/27 - Hot Stocks to Watch

Trucharts.com Blog week ending 2/27/2015 - Markets and Hot Stocks, stocks and thoughts for the coming week

VIX dropping and the complacency is truly remarkable. Just check the chart here for VXX etf still heading down and we expect this to find a bottom and stabilize - the technicals are not pointing to any big move yet in volatility. We are heading into the sixth year of the bull market from the March 2009 bottom - earnings have been reasonable with some surprises and stocks which have beaten the estimates and raised forecasts have been rewarded their investors nicely. Check AVGO and CRM as examples. 

VXX chart:

Oil dropped this week and gold stabilized around 1200 - we think gold will vacillate around 1175 - 1250 until there is an actual breakdown. We posted some good videos this week on the Fed's interest rate policy conundrum and how they have put themselves in a corner - and with the current ZIRP, we expect markets to trend higher after another consolidation phase here. A pull back to the 13 day SMA or even the 50d SMA would be a decent pullback. The leadership in stocks is narrowing and the breadth is narrowing also.  Here is the chart for SPY (check the technicals weakening RSI and MACD):

Target support is between 208 - 205 (around 2080 and 2050 for S&P500):

We expect oil to head down and try to form a bottom before heading higher into the summer season. Gas prices in California are still high due to some refinery shutdowns, labor strikes. We expect oil prices to stay between 40 - 55.

Greece which got its loan stay/extension - we just call it noise and the Euro is getting crushed. We are in an all out currency war now and we really like the US dollar here - as there is no other currency that is currently safe. This will impact gold prices as the USD heads higher.

Ukraine is in total disaster mode, Venezuela is sinking - Russia us struggling and China is slowing down. Japan is mired in debt and all it can think of doing is cheapen its currency.

Stocks that have triggered short signals are in the airline sector - check the chart here for DAL, UAL and LUV:

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

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

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

Also take a look at the chart for CAT here below:

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

Stocks on our list for longs are:

www.trucharts.com/stockview.aspx?TICK=ANGi, www.trucharts.com/stockview.aspx?TICK=CRM.

Additional stocks we are watching are: LLY, ALTR.

Our long positions with options are in the following stocks: LLY, USO, ANV, DATA, Z, TWTR, ANGI

As we indicated in our blog 2 weeks ago - our call on ALTR was excellent - we locked our profits based on the buy signal generated from our Fast Trading Signal Strategy. Profit was 4.5% and ALTR has hit 37 since our buy call around 34.7.

Check these trading strategies on our stock charts page at: www.trucharts.com/stockview.aspx 

Market Stats: (from finance.yahoo.com)

S&P 500: 2,104.50 -6.24 (-0.30%); Dow: 18,132.70 -81.72 (-0.45%); Nasdaq: 4963.53 -24.36 (-0.49%)

Advancers & Decliners

	NYSE	AMEX	NASDAQ
Advancing Issues	1,614 (50%)	228 (57%)	1,034 (37%)
Declining Issues	1,530 (47%)	157 (39%)	1,676 (60%)
Unchanged Issues	93 (3%)	18 (4%)	91 (3%)
Total Issues	3,237	403	2,801
New Highs	99	6	105
New Lows	30	6	35
Up Volume	1,587,571,140 (45%)	87,795,645 (71%)	737,990,334 (39%)
Down Volume	1,903,862,936 (54%)	34,160,800 (28%)	1,151,918,788 (60%)
Unchanged Volume	60,957,743 (2%)	999,147 (1%)	24,153,883 (1%)
Total Volume	3,552,391,8191	122,955,5921	1,914,063,0051

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Good luck trading - please check our page - Why Trucharts.com at: http://truchartscom.blogspot.com/p/why-is-trucharts.html

B Bhatia

Founder/CEO

Fed's testimony and views - article

Stock Charts, Technical Analysis and much more - Trucharts.com

A good article on the Fed's testimony - be ready - take some profits - 

http://www.newsmax.com/Finance/HansParisis/federal-reserve-janet-yellen-rates-economy/2015/02/27/id/627228/

Does the Fed think there is a bubble brewing in the asset markets??

A good video from CNBC on interest rates outlook for 2015. I think the Fed does not want to be caught with it's pants down - but there is conundrum here as to what it does for debt payments for the US government - squash the bubble or let it it grow - they have pushed themselves into this corner!! 

http://finance.yahoo.com/video/feds-fischer-rate-hike-high-202400169.html

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 Stock Charts/Technical Analysis Trading Ideas Blog: Why TruCharts.com?

TruCharts.com Stock Charts/Technical Analysis Trading Ideas Blog: Why TruCharts.com?: WHY IS TRUCHARTS.COM THE MOST COMPREHENSIVE STOCK CHARTING WEBSITE ON THE WEB? Are you a serious trader/investor?  Are you tired of ...

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 Blog - week ending 2/13/2015 and Stocks to Watch

Trucharts.com Blog week ending 2/13/2015

Happy Valentine’s day to all and after a short travel hiatus, we are back to writing our blog. Due to blogging restrictions in China, we were unable to post to our G+, FB and blogger/WP. It feels weird when you cannot blog about just something simple as stocks. Anyway, it has been an exciting week after what we call a consolidation period in the markets. The S&P,NASDAQ and the DOW all hit an all time high – we were expecting the breakout based on the wedge pattern/descending triangle pattern that started in Nov. We expect this to move to last based on the recent earnings and the oil sector bouncing back. Gold pulled back and we expect gold to move down – we think the move up was due to the Chinese New Year. The Greek crisis is just noise and we do not expect this to impact the markets. Oil is in a bottoming phase and we will watch this closely – our picks LINE, USO and OIL jumped very nicely (over 30% for LINE and OIL etf), our GM short and F short will be rolled over to next month. We expect this to be a peak year for auto sales. Our pick CYBR did very well as did TWTR – both of these are up over 40% CYBR and 20% TWTR since our calls and check out the buy signal for CYBR on our buy/sell strategy chart below:

Check the Chaikin money flow Index on the bottom of the chart – it went negative when the stock gapped up on Friday. Based on our technical analysis, we would expect the stock to pull back/consolidate and make a move higher. The earnings were announced on Thursday after the close and the company crushed the earnings and guided higher.

CYBR _ WITH BUY/SELL SIGNALS

TWTR also reported good earnings and that moved higher and we are still expecting a move higher in TWTR. 

We went long ALTR based on the technicals. Here is the chart for ALTR. We will exit the position this week around 36.25 or better.

We went long AMKR, are long USO/LINE and are watching the following stocks closely next week:

http://www.trucharts.com/stockview.aspx?TICK=VFC (which went buy signal right before the gap up)

http://www.trucharts.com/stockview.aspx?TICK=PRU

http://www.trucharts.com/stockview.aspx?TICK=COLM

Markets are closed for President’s day – Monday. Good luck trading and check out our multiple charts feature and also our real time categorized news feature.

We closed our position in K (Kellogg) right before it gapped down on Friday – looks like people are not eating enough cereal!!

Our call on DAL short was right on the money - we closed that position this week.

Trucharts Founder

HOT STOCKS and AUTO BUY/SELL SIGNALS at TRUCHARTS.com

Check this out:

Stock Charts Free at Trucharts.com and Auto Buy/Sell signals: Check out our pick CYBR from our blog it is up over $7.5 in after hours and check out the buy signal generated on our site for this stock: (Truly awesome)

Delayed Blog posting due to travel and restrictions

To all:

Due to my personal travels for the past two weeks and travel to China - my blog has not been updated due to bloggin restrictions in China - we will be posting a big update later today - just a brief update on our calls on oil and the ETFs for oil (USO and OIL) these have moved up sharply from our recommendations and as has TWTR which really worked very well for us. We have been long USO and LINE which have moved up over 10% and 30% in the past week and TWTR has moved over 20%. We will discuss these and many other things during our blog update later today.  Good luck trading and watch BOX stock.

Trucharts 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.