chartsmaster

chartsmaster

Following up on my earlier BUY alert today. NTNX filled the gap @40. BACK UP the TRUCK! Buy NTNX now! Chartsmaster

chartsmaster

Although, I still remain long term bearish on the stock market, and am waiting for the capitulation that leads to a tradeable rally and my one must buy stock for 2019, I have today a BUY trade for a40-50% price target. BUY NTNX here below 42. The chart says today it is a BUY! Chartsmaster

chartsmaster

The CAPITULATION that I have been expecting and posting about for the last three months is about to play out. By next week there should be some clarity. I also expect that my one stock, must buy, will be a screaming BUY in a day or two. Stay tuned. Chartsmaster

chartsmaster

NEM has not only been my favorite large cap precious metals stock, but over the last few months has been carving out higher highs and higher lows. This local, stop and start action, to use a train or bus analogy, is about to embark on an express move higher. Buy NEM now because when it breaks above the 200 mvg around 35.30, it is going to run much higher. Chartsmaster

chartsmaster

I believe we are about to see the capitulation I have been looking for over the last two plus months. The wash out needed to set the stage is very near. Stay tuned for an Alert with the target price to buy the one stock that will lead the coming rally. Chartsmaster

chartsmaster

In my previous eight installments of What's Next, I have been consistently bearish and held to the fact that although we hadn't yet "officially" reached the 20% down that would confirm a bear market, we were in a bear market. That will probably be confirmed next week. IF, we see the type of capitulation that I have said throughout these posts, that hasn't yet...

chartsmaster

The charts and technicals say more downside. My targets for bounces have been reached. Sell. Chartsmaster

chartsmaster

CRM releases earnings today after the close. The stock has no more than three more points to the upside (130). Sell. I believe that even if it has a positive report it should be heading lower. Chartsmaster

chartsmaster

Although the fundamentals are much different and MSFT isn't as overvalued as AAPL was before it's earnings release, the chart of MSFT is quite similar. I believe MSFT is one to two points away from completing a top. Sell, but because it will not fall as fast or as far as AAPL I wouldn't be too aggressive. Just a warning that this stock is vulnerable. Chartsmaster

chartsmaster

My post to sell and go short AAPL @221 on the day of the earnings release, provided two downside price targets, 190 and 170. I followed up with a longer term target @120 that I believed would probably take a few months to reach. We have reached my first two targets. I still believe, that despite rallies along the way, AAPL will reach 150 and ultimately 120 before...

chartsmaster

I have never really followed the price action in NVDA very closely. It has been a fantastic performer over the last three years and been in a bear market over the last 8 weeks. The chart shows two gaps. One, recently created when it fell from around 200 and the other when the main run up began around 105 in May of last year. Anyone trading this stock should look...

chartsmaster

While it may or may not survive as an ongoing concern, the stock of TSLA is about to begin a death spiral. It will probably start slowly, until we get to 2019, but at some point it will deteriorate rapidly. Sell now and if you can be patient, go short & or buy long term puts. Chartsmaster

chartsmaster

Before anyone goes gaga over the news that Warren Buffett has taken a large stake in JPM, let me remind you that this is the same guy who has large stakes in Wells Fargo and Apple as well. Buffett's well deserved reputation as a smart value investor was built over the decades for his prowess in buying whole companies at low or reasonable valuations. He and his...

chartsmaster

Anyone following my posts knows that my favorite and most recommended stock in 2017 (and early 2018) was NTNX. I first recommended it just below 18 and continued to do so while expecting an eventual buyout. I took huge profits after it exceeded even my raised expectations months ago. After it's pullback from 65 to 35 it is once again an opportunity. It will...

chartsmaster

I have recommended a few mining stocks that have been underwhelming, as most miners have been lagging gold and silver. The one miner that has clearly outperformed is SA. I have been patiently waiting for a pullback to fill the gap around 11.50. BUY! This exploration company has tremendous relative strength and has been way ahead of the gaining strength in the...

chartsmaster

I was wrong about being bullish on IBM for over a year! However, I am even more bullish now. The stock is yielding over 5%, the bottom is in after a 25% decline since it's recent bounce just before the bad earnings report. Don't chase here even though you will miss out on the coming quarterly dividend. Once this bounce runs it's course the stock will sell off by...

chartsmaster

Last week I recommended selling AAPL@221 before the earnings release.(see below) It actually reached a high of 222. I stated the chart showed AAPL had formed a top and my downside targets were 190 and 170. After further review, I see Apple reaching 120 eventually. It won't happen overnite and may take another earnings report or two before reaching 120. Sell any...

chartsmaster

The "good news" is also the "bad news"! As I posted previously, the market would either crash or go down over a longer period of time in a traditional bear market. Well, we didn't get the crash which would have been short term painful but set up a good buying opportunity like in 1987. That is what I hoped for and thought would happen. Since it didn't, I return to...