$MNR with a slight bullish outlook after its earning releaseThe PEAD projected a slight bullish outlook for $MNR following a positive under reaction after its earning release placing the stock in Drift A
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MNR trade ideas
Trending Now: MNR Continues Higher: Multiple Buy FractalsMNR-had a very strong gap open today, surging approximately 4.5%.
Here are the positives:
1. Currently multiple buy Fractals (highlighted in green boxes). Note: four of the sell Fractals afterwards are not valid as they came with prices above alligator's jaw.
2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong trend. THE TREND IS GETTING STRONGER.
3. The top lower indicator is phase energy, and this is positive. Very strong.
4. The alligator is feeding in the uptrend.
5. RSI / Stochastic (top indicator) is strong. It now has a bullish upward cross.
6. Prices are trading above the Ichimoku Cloud .
7. Prices are trading above the thick red Ichimoku Cloud conversion line.
8. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
9. The 5/34 Momentum indicator (top middle) is strong. It now has a bullish upward cross.
10. The Ichimoku Cloud is rising.
11. The moving average trend line is rising.
In my opinion, MNR-is in a solid uptrend. Very strong.
Good luck to you. Don.
Monmouth Realty Continues Higher: Fractal Arrow Buy SignalOn a 15 minute chart MNR-continues higher.
A buy fractal (green arrow) is a series of five consecutive bars where the highest high is preceded by two lower
highs and is followed by two lower highs. This has just happened on the MNR-15 minute chart. (Black arrow at $13.80).
The fractal is important. It is the first dimension of your trade.
If the Alligator is not asleep, the market is either up-trending or down-trending:
• if the price is above the Alligator's mouth then it's an uptrend;
• if the price is below the Alligator's mouth then it's a downtrend.
The Alligator also helps to determine the character of the Elliot waves:
• if the price is outside the Alligator's mouth the wave is impulsive;
• if the price is inside the Alligator's mouth the wave is corrective.
At the same time the green fractal arrow occurred -
The lower indicator above the chart is the phase energy, and this turned positive by crossing the zero-line to the up-side.
The gray indicator above this is the Coppock Curve, and this remained above its zero line.
With the Jackson Hole Fed meeting tomorrow, the markets are in a "wait and see" mode", so its good to see some positive trending.
Good luck to you in all your trades. Don.
Please note: the text above in bold print is the body of knowledge first written by the great Bill Williams. I have learned a lot from his work.
Monmouth Realty Update: Earnings, Dividends, And Trend StrongI look for a Trifecta in stocks: STRONG EARNINGS, GOOD DIVIDEND, and STRONG TREND. Monmouth Realty has all three.
Let's look at my TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen FAR above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line.
4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud.
6. The indicator on the top of the page is RSI / Stochastic , and this is strong. 7. The top middle indicator is vortex and it is strong (green over red), but the two are together as the stock has consolidated. 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. It has been mostly ABOVE THE ZERO LINE since February, indicating buying pressure. 9. The green fractal arrows are up (not shown).
10. Look to the far right on the chart, around $13.80. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
This is a very solid stock with a strong uptrend.
My advice is to accumulate on weakness. Remember: The trend is your friend.
Good luck to you. Don.
MNR Triple Play: Strong Earnings, Strong Trend, Falling RatesDisclosure - I have a position in-MNR.
22 days ago I published a chart on Monmouth Realty.
As you can see from the chart above-MNR-(Monmouth Real Estate Investment Corporation)-has established a very strong uptrend.
This stock is only 3% off its 52 week high. The trend is very strong.
From a non-technical perspective, the dividend yield is in the area of 4.72%, so this is a big attraction to institutions.
The earnings reports were released yesterday. They were exceptionally STRONG. The highlights are on my previous-MNR chart (published today).
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen FAR above the cloud. 3. Prices are usually trading above the thick red Ichimoku Cloud Conversion line (prices have consolidated just a bit). 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud.
6. The indicator on the top of the page is RSI / Stochastic , and this is strong, but oversold. 7. The top middle indicator is vortex and it is strong (green over red).
8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown).
10. Look to the far right on the chart, around $13.57. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
If you look at a chart of-TNX (the 10 Year T-Note yield), this is solidly DOWN. (I will publish this next).
So,HERE IS THE-MNR TRIPLE PLAY:
The MNR-trend is up, MNR-earnings are up, and yields for 10 year T-Notes are down.
So, in my opinion, the conditions for rising MNR-stock prices look VERY LIKELY.
Good luck to you. Don.
Monmouth Realty: Bullish Bat And Great Earnings ReportA bullish Bat pattern is evident in Monmouth Realty.
The latest quarterly earning were solid:
MNR-reported Core Funds from Operations (Core FFO) of $12,752,000 or $0.19 per diluted share for the three months ended June 30, 2016 as compared to $9,044,000 or $0.15 per diluted share for the three months ended June 30, 2015 representing an increase in Core FFO per share of 26.7%. Adjusted Funds from Operations (AFFO), for the three months ended June 30, 2016 was $12,431,000 or $0.19 per diluted share versus $8,884,000 or $0.15 per diluted share for the three months ended June 30, 2015 representing an increase in AFFO per share of 26.7%.
For 9 months Net Income $22,302,000 vs. $15,418,000,
Net Income Attributable to Common Shareholders $15,847,000 (2016) vs. $8,963,000 (2015).
The fundamentals and technicals suggest much higher prices.
The daily chart is in a very solid up-trend.
Disclaimer: I am long this stock. Good luck to you. Don.
Earnings Vs Chart Patterns: Monmouth Reality-MNRUpdate. Eleven days ago I wrote about the strong technical patterns in-MNR.
Today I alert those interested that-MNR earnings are scheduled to be released 08-03-16.
The question to be answered: Do the strong chart patterns forecast an acceptable earnings release?
The forward P/E is 19.94, the trailing twelve months P/E is 21.32.
What does this mean to you? There had better be growth, or the prospects of growth.
So, after the earnings release, does the uptrend continue?
The technicals suggest yes, but the risk is disappointment in what the company discloses in the release.
To quote Warren Buffet : “Someone's sitting in the shade today because someone planted a tree a long time ago.”
My opinion: remain long. Don.
Trending Now, Monmouth Real Estate Investment Corp: MNR UpdateTen days ago I published "Trending Now". MNR-was installment 4 of this series.
I thought I would share with all some charts that are, for lack of a better description, "Trending Now".
Disclosure - I have a new position in-MNR.
As you can see from the chart above-MNR-(Monmouth Real Estate Investment Corporation)-has established a very strong uptrend.
This stock is only .22% off its 52 week high - and set several new highs the past two weeks. The trend is very strong.
From a non-technical perspective, the dividend yield is in the area of 4.74%, so this is a big attraction to institutions.
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line.
4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud.
6. The indicator on the top of the page is RSI / Stochastic , and this is strong. 7. The top middle indicator is vortex and it is strong (green over red).
8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown).
10. Look to the far right on the chart, around $13.25. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
This stock was TRENDING STRONG ten days ago, and continues to do so.
I would like to close with three quotes from Robert F. Kennedy:
1. "There are those who look at things the way they are, and ask why... I dream of things that never were, and ask why not?"
2. "Only those who dare to fail greatly can ever achieve greatly."
3. "One-fifth of the people are against everything all the time."
I hope this has been entertaining and informative. I hope all of your trades go well. Don.
Trending Now, Monmouth Real Estate Investment Corp: MNRTrending Now Installment Number Four: I thought I would share with all some charts that are, for lack of a better description, "Trending Now".
Disclosure - no position in MNR-but looking to go long.
As you can see from the chart above-MNR-(Monmouth Real Estate Investment Corporation)-has established a very strong uptrend.
This stock is only .75% off its 52 week high - and set several new highs last week. The trend is strong, almost as strong as-ADC.
From a non-technical perspective, the dividend yield is 4.83%, so this is a big attraction to institutions.
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line.
4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud. 6. The indicator on the top of the page is RSI / Stochastic , and this is strong. 7. The top middle indicator is vortex and it is strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown). 10. Look to the far right on the chart, around $13. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
A pullback is likely. If you carefully examine the second five impulse wave pattern, it forms a "W", which is a bearish butterfly pattern, and suggests a pullback. A good entry point is the thick black line above the alligator teeth. This is the Ki jun-Sen baseline of the Ichimoku Cloud (right around $12.50).
Another negative; the price action is at the top of the trade bands. It is very unlikely it can remain above this level for an extended period of time.
Always remember, "Trees don't grow to the sky".
I would like to close with three quotes from Andy Rooney:
1. “The average dog is a nicer person than the average person.”
2. “If you smile when no one else is around, you really mean it.”
3. “Computers make it easier to do a lot of things, but most of the things they make it easier to do don't need to be done.”
I hope this has been entertaining and informative. I hope all of your trades go well. Don.