Video Update week of 7/13 - 7/18 - check it out

Video for week of 7/13 - 718..

We are sure you will learn something. Check it out..

Founder, trucharts.com

B Bhatia

Trucharts.com markets update Jul 12 and stocks to buy for next week. ROKU...

Markets Update for Week of Jul 6th and stocks to buy - Check it out..

Markets and stocks updated for week of Jul 4 - Jul 11..

Also on youtube at:

https://youtu.be/kFDlyY_ghl4

Video update for Jun 27

We present a discussion on the SPY, DIA, Casino stocks, Financial/Bank stocks and present some short ideas. In addition we show a single screener feature using the MACD indicator. Check it out.

https://youtu.be/XitY2aIxf6k

Markets and how to use Single Screener on Trucharts.com.

Day trading at extremes and the fastest market bounce back

Day trading at extremes and the fastest market bounce back

Here we are - after being in the shortest bear market ever and the Fed unleashing the biggest money printing spree ever known in history, the markets responded and we recovered from the lows to climb back in the most ferocious fashion.. 

We bounced over 8K points in the DOW and crossed an all time high for the NASDAQ with everyone joining the bandwagon buying left and right - and the biggest short squeeze driving valuations and PE ratios one cannot even fathom..much less explain.. Analysts falling head our foot raising their price targets with no regard to the outcome or their actions... No justifications for their actions..Wow - sounds like the 1999-2000 bubble.. For companies to trade at 10x revenue is now considered to be cheap.... Then we have our wonderful day traders who proclaim they have found the holy grail to making billions and chastising greats like Buffet - you know who we are talking about.. 

These are crazy times with the Fed backing everything - we printed over $2T in a matter of 2 months and it took the US over 200 years to get to that number in debt... Think about it for a second.. We are going to kill the dollar and have severe inflation in the future - and the only safety is owning gold or precious metals. We stand steadfast in our belief that gold will rally to 3000 after the longest consolidation..

Tech stocks like AAPL, AMZN, GOOG, FB, MSFT - the FAANGS are trading at valuations in the TRILLIONS... These valuations rival GDP of several nations combined.... And yet not one analyst comes and says - hey we are in a bubble - those words are uttered by the smallest minority.. What we are seeing will leave the tulip bubble in the dust.. 

This is not over yet and we expect this to move much higher.. Our targets are still in place for DOW to get to 40000 by next year and 4000 for SP500.. Tech stocks will trade at numbers that will be dizzying... So keep buying - we are seeing breakouts even when the economy is not doing well from a consumer perspective... With so many unemployed and so many jobs lost, businesses shutting down - the Fed has basically backstopped the rich and are on the path to making them richer... This will drive housing prices higher and create another bubble in that sector... Long housing stocks.

Again - we recommend these stocks with caution knowing that the trend is still higher...

ZM         - chart here - https://trucharts.com/stockcharts.aspx?TICK=ZM    

PTON     - chart here - https://trucharts.com/stockcharts.aspx?TICK=PTON

BYND    - chart here - https://trucharts.com/stockcharts.aspx?TICK=BYND

NVDA     - chart here - https://trucharts.com/stockcharts.aspx?TICK=NVDA 

Be mindful of stops = only risk money you can afford to lose - day trading is still working well and is very profitable. Along with use of options - the returns are even better.. Use small leverage - no more than 2:1 but keep close stops and watch the charts. 

We are enhancing our site and provide real time quotes and will be adding trading soon.. Keep an eye out as you will have access to our site once you trade through our site zero commission trades, along with unlimited options trading for $30 per month.. Our buy/sell strategies are excellent and work well. But be mindful, these are technical signals only and are not driven by news etc..

Good luck trading.. We will post some new videos soon on how to use our screeners to find stocks.

Trucharts Founder

Bob

Markets with no fear and on a tear...

Markets with no fear and on a tear...

Markets have been on a tear after the huge drop in Q1 March when we dropped around 12K points on the DJIA and have recovered over half of these points already.. But that is not the main story here - the DJIA, a closely monitored daily index is not reflective of what is happening in other bubble areas of the NASDAQ and software companies which are trading at multiples unheard of even in the dot com bubble days... And no matter what anyone says - or the talking heads on Bloomberg or CNBC - these prices for the stocks are driven entirely by nothing else other than Fed policies and actions. There call to basically monetize anything and drive rates to ZERO during this pandemic - along with now going as far as loaning money to businesses is beyond belief.. The Fed has clearly crossed its mandates without any regard for the future of this nation or the debt that is entailed on our future generations. We utter or throw words of TRILLIONS as if it is a joke - now the US is indebted and the Fed's balance sheet is now growing like a weed..with no Roundup.. Over $6T and heading higher - we wish we had a money printing machine to print unlimited money in our backyard with no repercussions or consequences for our actions - at least that is what these bozos at the Fed and in the government think.. It is just keep printing and there is no way in hell we will ever pay back this debt - EVER!!!

Machine trading has taken over markets - stocks are moving over 100% in a span of less than a month and not one talking head or the Fed comes and says - yup this is a bubble... Totally out of it - they will all be out of their positions at the Fed when the bills come due and earning millions at private banks/institutions and will be called saviors.. No wonder sometimes we agree with Trump - that there is really fake news and propaganda out there to keep this bubble growing - companies with ZERO revenue growth and revenues trending down and folks come on TV and analysts screaming new targets and buy recommendations - unheard of in the last 30 years.. There is ZERO sense of price discovery any more and no regard for revenue, PEs, P/S ratios, margin and name it - no metric matters.. It is just trading and some justification is provided for why the stock price is where it is.. Just take a look at AMD, NVDA, SHOP, COUP, TTD, CRWD, ZS, ZM, OKTA, DXCM and many more - trading at numbers we would consider not just in the stratosphere but beyond... But what does this mean - as long as the Fed rates are ZERO and policy is accommodative you have to trade this market and make money. Trading intraday or overnight and using options has been a really profitable way to make money.. And with the volatility in stocks as high as it is now - there is no way you cannot make money.. Machines are trading and the where the machines are buying and the market actions and stock intraday volumes are very reflective as to how the action during the day is going to be.. The list above is very useful for making money and monitor these stocks and you will see what we are saying - SHOP has moved over 100% in less than a span of a month.. Think about it - people are giving money to the US government for 10 years at 0.3% and this stock moves 100% in less than a month... Yup it is not a bubble...!! The Fed is asleep and is actually just acting as ignorance is bliss or are fully aware but refuse to bring reality and real price discovery back to markets...We are truly in a different era and market model and what I call the Twilight Zone markets.. 

Here are some charts for your perusal - just huge moves and if you were smart you would have bought as the VIX was in BUY territory... just take a look at the bounces of the recent correction - staying long as we expect DOW and SPY to hit brand new highs next year - 40K for the DOW and 400 for SPY.. 

Also check out our buy/sell signals in charts below and on our stockcharts page along with our screeners - truly awesome.. 

We will be adding unlimited trading for $30 on our site soon - so for all you options traders (stock trading is ZERO commission) and unlimited options trading will be $30.. No one offers that except us in partnership with Tradier brokerage - options commissions on per contract basis are half of all the other brokerages.. $0.35 per contract vs $0.65 for all others.. The $30 unlimited trading has no limit or minimums..

  

 

and many more on our site at www.trucharts.com/stockcharts.aspx.

make money while the sun shines.. long any tech stock.. Wait on leisure stocks for now till August..

Bob B.

Founder - Trucharts.com

Bullish tone and wild markets - making money like crazy

Bullish tone and wild markets - making money like crazy

There are now some bullish undertones in the market with the VIX which had risen to an unsustainable level was a good sign that the huge bounce was coming. It was not only obvious from the VIX but also from many technical indicators that had become extremely oversold.. Many stocks had been driven own to the 200d MAs and the machines were starting to kick in - just check stocks like AMD, NVDA and SHOP. These are amazing times to make money in both directions long and short and that is why timing matters no matter what anyone says.. You could tell from the indicators that the markets were very stretched before the huge pullback and it was a big nasty correction of around 35% and if you were keeping an eye on the stocks that had moved down, you could have made a ton of money on the short side. And this rally we saw today was very expected based on the recent price action over the last 2 days of the previous week. The markets and many stocks were bouncing of the recent lows and today these stocks moved up very nicely and this was an excellent opportunity to make a lot of MONEY.. That is why we say technicals are important to understand and use as a way to make trades. We are sticking with over night and intra-day trades and that is the most optimum way to make money. There is nothing like buy and hold and go tell that to the guy who has been holding on to XOM and CVX and WYNN and see what he says...about buy and hold strategy..

Options are another way to really enhance your returns and yet people do not want to even spend 5 minutes a day to learn basics about options and how they can boost your returns.. I feel sad for these people... Educated engineers and scientists who will delve into complex equations and designs will not spend even 30 minutes a day or even a week to figure out simple technical trading skills and learn basics about options - what a joke.... Anyway - we are recommending to go long here and the markets are down quite a bit and we think the DOW (DJIA) has to move to around 23500 and all the components of the DOW should also move up - we like every stock here except oil related stocks.. Tech stocks are a good bet for trading and we like BA - Boeing (we are long) and WDC... we closed our ROKU position but we still like it on a pullback - check out EXAS and PANW for some good trades. We like DE, CAT, ISRG...

Follow us on twitter @trucharts for our daily updates and stock picks - also check the screener on our site along with the stock charts page for real time charts, quotes and fundamental data.

We are working on a technical alerts system from our site and this should be ready soon..

Good luck trading..

Bob B.

Founder/CEO

Trucharts.com

Markets Panic amid the corona virus

Markets Panic amid the corona virus

Well, since our last post, markets have gone even further down and have pretty much wiped out the whole Trump elections gains in a matter of two weeks.  We have been warning of bubbles and valuations being absolutely out of control and now reality is starting to come into focus. We suspect margin calls are also exacerbating the selling  We were short and were long some puts and took on some longs today.. Two of our accounts was in an all cash position. 

Still there is risk and we are waiting for some of our indicators to show when buying is safe. The bottom is not in yet and you may see some wild rallies - do not buy - but only use these to unload or do intraday trading - there is lot of money to be made here.. We will see a bottom and it will be very obvious once it arrives and the pent up demand will be huge... So be ready.

if you have not taken profits in stocks that are making money like AMZN, AAPL and MSFT along with FB, NFLX - we highly recommend taking profits.. These stocks have not reached a bottom yet even with the intermediate rallies.. Check out our tweets @trucharts and check out some of the charts we post during the week. We have been short AAPL, SHOP and ROKU.. We closed our ROKU position today.. 

Again - we recommend doing intraday trading and using options to collect and get good premiums. The bottom is not in yet as much as it may appear from the oversold conditions and the VIX.. We may see a short term rally here - but use these to sell.. 

Good luck trading..

Check out our site - for excellent real time charts, quotes and fundamental data along with our excellent screener..

B. Bhatia

Founder Trucharts.com

Volatility and Markets the corona virus effect

Volatility and Markets the corona virus effect

Well what a couple of weeks its been in the markets - the volatility and point moves have been pretty staggering and unseen in the most recent times and not really since the 1999-2000 bubble and also since the GFC of 2008..all from the corona virus.. Point moves in the DOW, S&P500 along with the NASDAQ are quite a wake up call for many used to the markets that have gone up in a straight line since 2019. And yet no one was crying out that markets were in bubble territory from all valuations perspective and higher than the 1999-2000 bubble.. Yet all the analysts kept raising their target prices for already over hyped and over valued stocks. Well the virus came and fixed that - in a span of 4 or 5 trading days all the gains of 4 months were wiped out. Just check the chart below...

The market players and individual investors had become numb to any down moves and were high on everything moving up and were hypnotized by the markets - since every buying the dip was a good move - specially in the big names - the DOW stocks and the most owned stocks by the entire universe of funds - HD, MSFT, FB, GOOG, and you can easily name the whole list.. 

As you can see the markets look oversold and may have some consolidation at this level - around 25000 for the DOW and around 280 for the S&P500. The QQQ (or NASDAQ even though looking oversold - may head lower - we think there is short term risk to stocks like AAPL, MSFT, AMZN and FB - the big movers for the past few months. AAPL definitely moves lower to around 240.. We recommend taking some profits in these big names.

Here are the charts for AAPL, AMZN, FB and MSFT. 

FB looks the weakest...

The DIA chart here is showing resistance at 270 so we should expect a bounce to that level  (around 27000 for the DOW). 

Although the markets have been volatile - it is a great time to make money.. The volatility creates huge opportunities to make money with intraday or overnight trades with the right stocks. Many stocks are moving over $10+ a day and that is a huge bonus to make money. It is easy to find these stocks and these are very standard big names like AMZN, MA, V, SHOP, ADBE, NFLX and many more. We recommend more day trading rather than holding overnight positions.

We really like gold and you can check our tweets and blogs and our call on gold since it has been at 1100 and now has had a move to around 1700 a move of around 40%+.. We still like gold and are long physical bullion and buying more... Our target is 2500 as fiat currencies are failing and in the end there will be some reset as the debts are unsustainable as are the promises being made by governments. We expect INR (Indian rupee to head to 80 per dollar..)

Good luck trading and do subscribe to our site - it is a measly 180 per year (premium) and 95/year for basic membership to excellent REAL TIME CHARTS, QUOTES, FUNDAMENTAL DATA, excellent scanner (screener) along with buy/sell strategy signals - we are working on sending technical alerts via sms/email...and many other features... 

Sincerely

Bob B (Founder Trucharts.com)