Sunday, July 20, 2014

Stock of the Week ~ $ZHNE

Recent Stock of the Week ~ $BEE has held up well in this crazy market. I am sticking with "Aunt Bee", as a Long Swing position.

This week I will be tracking $ZHNE early on Monday. If Price pulls back I will be adding to my position. I expect Price will work well in the Ascending Fork #2.  I like the pullback from striking a recent 52-Week High.

I like the Price action and the fact Price has pushed away strongly from the Hagopian Line (Yellow) of Descending Fork #1.

I usually shy away from stocks with a MSN StockScouter ranking of 1. But, this position is in my Speculative Basket and I am willing to take on the risk & will manage it tightly. I like MSN has it as a "Strong Buy" and the recent news has been positive.

MSN Finance Link: (Thank You MSN Finance!)


$ZHNE Daily Chart (Thank You Tradingview for the great charts!)

Cheers!






Sunday, July 6, 2014

Stock of the Week ~ $BEE

I would like to start posting one and only one stock located during my weekend research on Sunday. Plenty of time for your review prior to the new trading week that awaits us. This is NEVER a Buy or Sell recommendation. Simply an idea. Something for your review and to look at the fundamentals and most important the Price Chart. 

I am a firm believer that there is only one true "Leading Indicator", that's Price. I like simple and "Price is King."

First a Short Squeeze Scan, sorted on volume. Thank you Finviz for the FREE screener. The set up parameters are highlighted in yellow. As indicated, I like simple, effective and consistent.

Short Squeeze Scan: (Mouse Click on image to enlarge)

The stock I like heading into Monday, July 7th is $BEE. It's a 10 Ranking on MSN StockScouter. There are currently only (143), #10 Rankings in the Stock Market Universe.  

$BEE is undervalued and looks ready to have a base break out of the mini Pennant Pattern. Price Respects the lower Bollinger Band. The price trend is very Bullish.

$BEE Daily Chart: Thank you TradingView (Great Charts)

Cheers!

  

Friday, July 4, 2014

Happy Independence Day!

The 4th of July is a great time to be with Friends and Family.

It's also a good time for reflection and to give thanks to the brave Men and Women who make our country safe and somewhat sane.

Don't forget to thank a solider today. They make it possible for us to do many things, like trade the markets. It's a beautiful thing!

Now for the show. Please enjoy this short video:

http://youtu.be/poI0WDEbzd8

Happy Independence Day!

Monday, June 30, 2014

EURUSD Forex Market

Time to rethink things here. Monthly is Bullish. Weekly is Bullish. Now Daily has breached SMA50 (Blue Line) and may confirm uptrend on the short term basis. Time to get Bullish here & fill that PIP Basket UP!

Monthly Chart: (Click to Enlarge)

Weekly Chart:

Daily Chart:


Saturday, June 28, 2014

Why APPLE ($AAPL) Will Be Heading Higher

Took some time to review the Weekly Chart for AAPL.

The Weekly Chart indicated that a pullback was on the way approx. three weeks ago & the Pattern looked like a "TOP". Some were calling for an "Evening Star" Pattern.

I disagree.

Price remains above a rising SMA50 (Blue Line), RSI above the 50% Line. The main reason I remain Bullish is this weeks "Bull Bar" closed at the High Point of the range.  No reason for panic here. 

If Price does dip, it will only be a BUYING Opportunity.

AAPL Weekly Chart:

Cheers!





Saturday, June 21, 2014

Sector Watch

Tracking the overall market is pretty simple. Simply track with Sectors. You want to be in the Hot Sector and then find the Best of Breed within that Hot Sector or Sectors.

It's simple the break the market down:

XLY: Consumer Discretionary
XLP: Consumer Staple
XLE: Energy
XLF: Financial
XLV: Health Care
XLI: Industrial
XLB: Materials
XLK: Technology
XLU: Untilities
XRT: Retail

A quick review of Daily Charts and this is what I located as a Sector I am interested in:

XLV: Health Care looks good to continue the Strong Trend upward.
Breaking out of a "J-Hook" pattern and prior resistance. I expected this to continue upward next week!




Friday, April 11, 2014

Is the Market TOP Getting Put In?

Picking a market "Top" or "Bottom" is "fool's play". But, knowing when to be cautious is a valuable trading tool. Always try and keep your powder dry when there are serious warning signals. 

Always remember that putting a "Top" in is a process. Sometimes you won't realize it's in until it's to late. Thanks to hope and greed.

If you have followed me for longer than a cup of coffee. You know I use the SPXEW and SMA20 as a Bull vs. Bear Indicator. Simple and effective. Price above SMA20 Bullish, below Bearish.

Currently study the SPXEW closely. There are many clues that this really is a market that's about to rollover hard.

Direction of SMA20, size of candles etc, etc.

Be very careful right here and right now if taking on Long positions.

SPXEW and SMA20 as an Indicator.