Is the Semiconductor stocks run over??

Stock Charts Free at Trucharts.com - Earnings, Real time Stock News and more:

Read this: Means semiconductor stock run is over. We were saying watch AAPL closely - the inclusion of AAPL in the DOW index is bad news - typically the this happens near the top for a stock. Just see MSFT and CSCO and then these crashed after being included in the DOW Index. We think so - just check the stocks we indicated that looked extended - AVGO, NXPI, SWKS.

http://blogs.barrons.com/asiastocks/2015/03/25/tsmc-the-writing-is-on-the-wall-sell-says-maybank/?mod=yahoobarrons&ru=yahoo

Take profits now.

Trucharts.com team

Markets falling falling - Market Update 3/25/2015

Markets falling falling - and Biotech crashing:

UPDATE: This link just added:

Free Charts for Stocks at Trucharts.com and more: 

Please read this excellent article on market valuation: 
http://www.marketwatch.com/story/stocks-are-overpriced-overleveraged-headed-for-trouble-2015-03-25?siteid=yhoof2&cb=logged0.5530515506397933

So the biotechs are coming down. TWTR was downgraded today - we had sold covered calls. In our weekend blog we talked about weakening technicals in spite of new highs and the extended stocks like AVGO,NXPI and SWKS - tech stocks look weak heading into earnings season - short MSFT.

Also check out BIDU (down today) - covered call written. Our call on shorting SCO looking good. TJX holding, LLY down but still a hold. Z (down) - hedged with covered call. USO up today.

Short APOL.

Chart here: www.trucharts.com/stockview.aspx?TICK=APOL 
(Stock is going to 0).

Shorting AMKR end of day:

Where are the markets headed this week and hot stocks to watch - Trucharts.com Blog

Trucharts.com Blog week ending 3/20/2015

Where are the markets headed this coming week and what are the hot stocks to watch this week.

The Fed spoke and the markets rocketed higher last week and gold moved higher and stocks responded positively to the Fed comments - bonds moved higher and yields dropped, the dollar was crushed for a short time and then bounced back. We still like the US dollar and we expect the Euro to head lower. The Fed is cornered and scared to do anything to upset the markets - and they are into playing 'WORD' games - patient and impatient etc. It is truly absurd how the markets are so hung up on words from the Fed. The markets were driven down heading into the Fed meeting and then the VIX got crushed and all the market indices rocketed higher right after the Fed meeting. Basically the Fed said they will not raise rates in June - something that was not surprising to us - we do not expect the Fed to raise rates at all this year even though there is lot of jawboning going on by the Fed and it's governors.

The DOW JONES INDUSTRIALS climbed above the 18K number - NASDAQ buoyed by the flaming biotech stocks and semiconductor stocks breached the 5000 mark and has everyone now waiting and talking about breaking the 2000 high - which we expect is coming to get all the news talking heads excited and bubbling with joy.

Biotech stocks the darlings of Wall Street are having price movements like the internet stocks of 2000 - we do not know when or how this is going to end - companies are buying other smaller rivals or companies with potential blockbuster drugs - and this can last as long as we are in this Fed driven rally and a zero interest rate environment - which says keep taking risks until We (the FED) says time out.

Technically speaking even though the RSI and MACD are exhibiting lower highs with this move up - the patterns seems to indicate higher highs. The NASDAQ is technically broken out to a new high. There maybe some pullbacks (consolidation) - but the trend is for higher highs. We are heading into earnings reporting season and need to be on guard for any potential earnings warnings - please keep these in mind prior to taking any big positions or longer term bullish positions.

AAPL was integrated into the DOW Industrials this week and is a Dow component now. We would be watchful of AAPL here. SBUX announced a stock split this week and SWKS, NXPI and AVGO hit brand new all time highs. Check out our reports page at www.trucharts.com/marketreports.aspx for stock lists with technical breakouts etc.

The biotech sector is on fire and we were wrong on our call in this sector but still believe that this sector is definitely overextended - but right now the sector is still in the hands of the bulls - just check stocks like www.trucharts.com/stockview.asp?TICK=REGN - please check the stock from period 2000 to now and you will see what we mean by exponential moves.

Stocks we picked last week - LLY and SO, PCG did well during this week and LLY was up over $6 from our pick price. 

Stocks we like this week - TWTR, MYL and TEVA - we will be watching these closely and be looking to go long TWTR. Here are the weekly charts (TEVA is breaking out):

Good luck trading.

Trucharts.com team and Founder 

Bought these hot stocks today - Markets Rally today

Market Rally 3/18/2018 - Thanks Ms Yellen - Greatly appreciated 

CORRECTED LINKS..IN THIS UDPATE..

Well today's Fed output (scientific term) was all but nonsense and as expected - the markets had done a classic bear trap and sucked everybody in. Our expectation was to stay net long and our picks from our blog this past week was right on the money - Euro rallied, Gold rallied, Oil rallied and the Fed will keep blowing bubbles till it learns a lesson it will never forget - till then keep partying.

We mentioned the XLU, SO, PCG, LLY and BIDU in our blog this past week and as part of our holdings - all of these stocks rallied hard today - staying long and going long more on BIDU or LLY..

Here are the charts:

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


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


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


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


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

Good luck trading. 

Founder/CEO
Trucharts.com

Please watch this and stop supporting NCAA and games on TV!!

Unbelievable: This is NCAA - crazy - please stop this University Sports Nonsense..

https://www.youtube.com/watch?v=pX8BXH3SJn0

Weekly Stock Blog 03/13/15 - Stocks to Watch and some good reads - Trucharts.com

Trucharts.com - Weekly Blog ending 03/13/15 - Good reads and Hot Stocks to watch

Sorry for the late posting - had some family obligations to tend to. 

What an amazing week in the markets - very volatile moves up and down - sounds like a roller coaster to me. We stated in our previous blog that the range would be between 2080 and 2050 for the SP500 and that is what we saw this past week. The markets rallied today and the resistance in the SP500 was expected to be 2080 and the DOW resistance around 18000 which is right at the 13d moving average. We will have to wait and see if the markets can break above this range now or will it consolidate or see a breakdown. 

With the BIGGEST news this week expected to be the Fed view on future interest rates - this is expected on Wednesday - economists are split evenly on what the Fed will do and we think that the Fed will stay put on rates till Fall or September knowing that the inflation pressures are muted due to the fall in oil prices. With the strong dollar and negative rates in the Eurozone, we do not see how the Fed will move to raise rates - the only concern on the Fed's mind will be asset bubbles in real estate and stocks. 

Here are some very good articles and reads for Fed interest rates:

1. Has the Fed's 'patience' been exhausted?
2. Investors in 'patient panic' over Fed language

Markets rallied today due to the USD pulling back from an extended move up - but we still like the USD - euro is headed lower and we think this may be a short term pullback into a bullish move in the USD. Again, we would expect to see a move after the Fed's comment on Wednesday on interest rates.

Let us take a look at some of the commodities - oil hit a new low today and is heading to our target price of $40 - the oil stocks bounced today - maybe a sign of some bottom in the oil sector - especially knowing that we are heading into the summer season. Keep an eye on the oil sector stocks.

We are long USO and short the calls against our position.

Gold is languishing here pending the Fed's view on rates and is still looking weak. Wait and watch.

We are short AEM (www.trucharts.com/stockview.aspx?TICK=AEM).

We have been watching the Utilities sector stocks (XLU - ETF) as this sector has corrected over 20% due to the move up in yields and move down in bonds, and the move up in USD. We discussed this sector over the weekend in our meetup and pointed to stocks as (www.trucharts.com/stockview.aspx?TICK=SO), and (www.trucharts.com/stockview.aspx?TICK=PCG) - these moved up over 2% today. XLU is looking strong at the close of markets today.

We went long SO today and are long BIDU, USO, TWTR, BOX, Z, ANGI and LLY.  We are short UAL. Looking to go long AMGN.

The pharmaceutical sector - especially the BIOTECH sector took off again today - due to news from AMGN and Sanofi on the cholesterol drug findings - http://www.marketwatch.com/story/amgen-other-drug-company-shares-jump-on-cholesterol-drug-findings-2015-03-16?siteid=yhoof2. AMGN closed strong today and we like the stock. BMY broke out and LLY is also looking strong. Here are the charts:

The tech sector looks interesting - we are very concerned after the INTC (www.trucharts.com/stockview.aspx?TICK=INTC) news of a lower revenue forecast. 

We expect that MSFT will also be impacted by this news as will the component suppliers to the the PC sector. There are some stocks that look very extended - NXPI, AVGO and SWKS.

Here are some other articles for reading:

1. Confessions of a used-car dealer: The six myths about my job

2. http://www.zerohedge.com/news/2015-03-11/we-have-grandstand-seats-imminent-market-shock-hedge-fund-billionaire-warns

3. Global currency wars are threatening a Lehman-style crisis

Good luck trading.

Trucharts team

  

Markets Rallied Hard today and here are the reasons why

Free Stock Charts - Trucharts.com - Auto Buy/Sell Signal Strategies -

Markets rallied hard today - this was due to several factors:

1. VIX was up for the past few days

2. Dollar had rallied significantly in the past few weeks and was due for a pullback. 

3. Euro rallied from an oversold condition - but this move up will be short lived with the current negative interest rate environment in the Eurozone

4. Retail Sales were down and that inspired the bulls to think that the Fed would be refrained from raising rates in June

5. Health Stocks and utility stocks were looking oversold and therefore there was a good bounce - we expect a test of 2025 on the SP500 and we went long BIDU today with a covered call strategy - we discussed this strategy in our blog yesterday.

• Check out our site for auto buy and sell signals for any stock, check out our real time news feature for before and after hours news and updates. We have technical mouseover charts for very quick technical analysis on our reports and earnings page.

Good Luck Trading.

Trucharts team 

Stocks of Interest - and Covered Call Strategy with 12% return - Market closing 3/11/2015

Trucharts.com - Markets Update and Stocks of Interest and Covered Call Strategy for BIDU

Markets were in an oscillation mode today and we had several negative and positive readings. But at the end of the day - markets ended down. We shorted UAL today - even though it was up today - our position in BOX stock is doing well (we write covered calls and / or covered puts on our longs/shorts) as needed based on market conditions.

We still expect SP to test 2025 and the Euro to go below par to the USD - our target is 0.90 - 0.95 - currently it is at 1.056 approximately.

We are short AEM and UAL. Stocks long positions are BOX, TWTR, USO, DATA, Z. 

Looking to go long BIDU - chart here - www.trucharts.com/stockview.aspx?TICK=BIDU - we like the stock primarily because it looks oversold and the call premium is very good and therefore the short term returns with covered call writing will provide a good return on the investment. Be aware that this a volatile stock. 

So let us say you buy 100 shares on margin - for 2 months - margin rates vary but are around 2-4% currently.

The covered call for near the strike price of 205 for APRIL 17 2015 is around $5.00 - so you will collect 500 as premium for one month and then your cost will be around 200. Let us say on April 17th the stock is at 200 and your call expired worthless (205 strike) - you can write the 200 call for May 15th around that time should be around $7 and you collect 700. Your total investment on margin at 50% is $10000 and you collected $1200 as premium on the calls and your cost went down to around $193.  BIDU call writing makes lot of sense and therefore we are looking to do this trade.

TruCharts team   

Good article on 401K/Roth IRA and IRA accounts - tax savings

Stock Charts Free/Scans and Dividend Stocks - Trucharts.com -


Good article for people with 401K and IRA and Roth IRA accounts

http://finance.yahoo.com/news/save-money-recent-ira-401-181500169.html

Trucharts team

Trucharts.com - Markets, Hot Stocks, Blog week ending 3/6/2015

Trucharts.com Blog week ending 3/06 and Hot Stocks to Watch Week of 3/9

What a jobs report - wow!! - even our numbers were not close enough to the actual numbers. Our estimate for March jobs report was around 230K on the high side and the number came in at 295K and unemployment rate dropped to a respectable 5.5%. We do not expect any slowdown heading into the summer season - the US dollar rallied and gold got crushed - we stated that gold was heading down in our previous posts - and here comes the probability that the Fed will be pushed to raise the Fed funds rate by June - we expect even that if they raise it by 0.25bp - would still be too low to affect the markets. There will likely be a short-term pullback - we indicated in our posts on fb and g+ that the markets looked extended and a pullback to 2050 should be expected. Also Mar 9th will be the 6 year anniversary of the bull market. The markets will be on the watch out for Fed statements going forward and the strength of the US dollar maybe hurting the export driven companies, but is a good sign for the US and the US economy. There should be some concern around job losses related to the oil industry - which we would expect to see happen within the next few months. We heard on the news of layoffs from HP and Ebay. But job hiring scene is still strong in many sectors. Majority of the job growth was in the in the service industry in the March jobs report. With the Fed still staying the course with ZIRP - we expect that the markets will consolidate here with some pullback heading into the Q2 earnings season. Support for the S&P is in the 2050 area.

Check out the videos and articles we posted on our G+ and FB pages.

Market Stats (from finance.yahoo.com) Friday close:

DOW JONES IND: 17856.78 - DOWN -278.94; S&P500: 2071.26 - DOWN -29.78; NASDAQ: 4927.37 - DOWN -55.44

ADVANCERS/DECLINERS: NYSE: 308/1574; (RATIO ~ 1:3) - NASDAQ: 858/1944 (RATIO ~ 1:2)

UP VOL/DOWN VOL (Millions): NYSE: 673/3177 (~1:5); NASDAQ: 541/1308 (~1:3)

We have been short AEM, IBB (has been hurting but is a hedged position), Long ANGI, TWTR, Z, USO, DATA, LLY.

All of pur positions have calls or puts written against the position(s).

Here are stocks we are watching this week: Looking to short RGLD (or buy puts), Short UAL or buy puts and USO looks like it is pointing to lower oil prices - we have covered calls on USO. Here are the charts.

 

 

 

 

 

 

 

 

 

 

 

 

 https://www.facebook.com/pages/truchartscom/273554162830234

 

@trucharts; https://www.twitter.com/trucharts

 

 http://www.youtube.com/trucharts

 

Check out the charts we posted in our blog last week.

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

Trucharts Team