Whole food's recent sell off has created an low risk entry point. See chart for notes
Haven't made a post in a while, but I figured I'd give everyone a run down of some of the trades I'm in. INTC is one of my current favorites. They are rapidly expanding into the mobile sector and their haswell processors are extremely popular in most new laptops as they significantly extend the battery life.Earlier this week INTC broke its short term ROC trend...
Over the last month the markets have been apprehensive over the possible termination of QE. The fear is now priced into most intrest sensitive securities, the question remains will we see further downward movement. Bill Gross's total return fund lost over 2% last month, the largest one month drop since 2008, and vanguards REIT has dropped nearly 13% since may. ...
I have been watching Varco for quite some time as the fundamentals of the company are excellent. However until today I have not seen an a good entry point. The first display of Varco's strength was last friday. On friday oil was down significantly and Varco was up over 1.5%, and while oil us up, Varco continues to display rise and has now broken out. Regarding...
Made this chart a couple hours ago, but had it private. Looks like everything is working out get in at 1.51381 get out at 1.48141
Gold continues to rally on very low volume and silver has failed to confirm its uptrend. I think this rally is nearing an end. Short
NVDA has been on my watch list for quite some time, and frankly it has been quite boring. However, with the announcement of their stock byback program volume has exploded and as of friday NVDA finally managed to close above its 200 period moving average. If NVDA manages to close about 13.16 tomorrow and break ROC resistance we should be in for an exciting week.
MCD has demonstrated a powerful and stable trend of the last 6 months and with the "breakout" on friday many are considering trying to get in on the action. For a short term options play, this isn't a terrible idea however, MCD's uptrend is not sustainable for much longer. While RSI has continuously reverberated back to the trend line this line has reached an...
After a terribly boring 4 months of consolidation it the pattern has finally broken out in a massive upswing.....finally
Have we topped out? Or are we just getting going? From a fundamental perspective I feel much more comfortable today than I did in 2007; we don't have any major industry bubbles, P/E's are not to high and we seem to have passed the major congressional issues without sending ourselves back into a recession. After testing the majority of available indicators I...
Have we topped out? Or are we just getting going? From a fundamental perspective I feel much more comfortable today than I did in 2007; we don't have any major industry bubbles, P/E's are not to high and we seem to have passed the major congressional issues without sending ourselves back into a recession. After testing the majority of available indicators...
AMZN has had a fantastic rally the last few days; however, this raises the question: Will it last? Assuming we get above average volume tomorrow I believe it will. When looks at the DMI cross overs for the last 9 months one can see that 7/8 times they have properly signaled the trend, and given that we had a crossover yesterday I think the upswing should last at...
Since november of last year MSFT has largely stayed within the same range trending between 26-27.75 from Nov-Jan, giving us what appeared to be a breakout in early February. However, instead this breakout has turned into another consolidation pattern has MSFT created a bullish ascending triangle, and given that generally the longer something consolidates for the...
After earnings, many investors where disappointed with intc's performance. The stock has now undergone a recovery, though the obvious question still remains: Will the growth continue? By looking at INTC's previous wave's one can get a good picture as to the answer to the question, as wave 1 of the last cycle was 3.53 and the current cycle has a hight of 3.60. ...
MU has yielded its traders healthy profits over the last 6 months, though, as is typical in many stocks, MU has seen fast periods of rapid growth, followed by prolonged periods of rest. While I believe MU will continue to trend upward, I think we are about to see another period of consolidation. For the last year MU has consolidated at every point of resistance,...
For the last 1.5 years 100% of the time RSI has exceeded 69.79 and the Stoch has exceeded 80 amazon's stock price has fallen. With the discover of this information I have become significantly more confident in amazons ability to continue its upward trend, as neither the Stoch or the RSI are close to their required thresholds. I will be watching amazon closely...
While I don't yet see an appealing entry point I will certainly be watching this pair over the next few weeks
NOK has fallen significantly over the last few weeks. This being said it seems that we have come to the end of wave 5. Now we face the obvious question of how much farther will we fall. I believe we are near the end of our regression. We have already seen regression wave A and B, and while we are currently engaged in regression wave C and given we are near a...