Watchlist Update All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology. All stocks are in the process of developing a Perfect Buy Point and a low-risk entry, following a volatility contraction pattern. Here is the link to the updated watchlist: www.tradingview.com
Stock Market Slightly Pulls Back Ahead Of Fed Meeting The stock market took a step back Monday ahead of the start of the two-day Federal Reserve meeting. But it wasn't such a bad session for the bulls because it was an orderly decline for the stock indexes, and volume wasn't overwhelming to the downside. Sentiment was negative in the stock market as the U.S....
One of the stocks on our watchlist - McGrath RentCorp (MGRC) - acts like a monster today. We have openend a position and are up > 10% for the day.
General Market Update Tech Stocks Continue To Slide After Meta Meltdown The stock market ended sharply mixed Thursday, as the Dow Jones Industrial Average finished with moderate gains. The tech-heavy Nasdaq composite sold off, as tech giant Meta Platforms (META) crumbled on weaker-than-expected earnings results. Amazon (AMZN) and Apple (AAPL) reported earnings...
General Market Update Megacap Techs Sink Nasdaq On Mixed Day Wednesday turned in one of the most lopsided performances among the major indexes in quite a while. X The headlines-making Nasdaq composite index sank 2%, halting a three-day rally. This index is market-cap weighted, put another way, what the 10 biggest companies do has tremendous sway every...
General Market Update The stock market uptrend continued to gain traction Tuesday as major stock indexes notched their third-straight bullish session. The Nasdaq composite rose above the 11,000 level with ease, ending with a gain of 2.2%. Nasdaq volume rose, completing a second follow-through day for the index. Advancing stocks outnumbered decliners on the Nasdaq...
General Market Update After the Nasdaq composite and S&P 500 made follow-through rally confirmations Friday, the stock market extended gains Monday. In the initial hours, performance was uneven. The Nasdaq composite and small caps lagged the S&P 500 and Dow Jones Industrial Average. But the Nasdaq composed itself in afternoon trading and closed almost 0.9%...
The stock market wavered on Tuesday as the post-Fed rally ran out of steam, although small caps and leading stocks performed better than most major indices. A mix of consumer, energy and health care leaders helped the index rise more than 1%, driven by a handful of outsize gains. Pockets of strength in software, chip, biotech, solar and internet stocks helped...
This stock was behaving much better than indicies. Down only 10% from ATH. Now coming into earnings, giving all signs of strenght. Every time the market is bouncing, it moves higher. Earnings history is consistent. Looking for ATH and higher
The futures of the major US indices fell modestly early Monday morning. The stock market rally passed an inflection point last week, making a decisive move higher. Investors should be adding to their positions with careful buys, not rushing to ramp up exposure. Markets are showing solid and improving technical action, but also appear to be betting on an optimistic...
The bulls were definitely dominating the stock market last week. And while it may be too early to celebrate and give it an all clear for breakout-traders, the fact that the market passed some key tests is worthy of increased optimism. Investors should still nimble. With the stock market having its best month since 2020, it would not be unusual for it to digest...
The stock market extended gains yesterday, in parallel the US economy officially entered a recession based on the commonly accepted definition. Amazon.com (AMZN) and Apple (AAPL) reported their quarterly results after the close and added to the market's gains: Amazon up 12% , Apple up 4%. Stock market futures conitnue to rally as well. The 10-year Treasury yield...
ENHP looks much stronger than the overall market. Earnings history is very strong beating estimates consistently. Less than 25% to ATH. Took a hit on Jul,15 on solar negative news and recovered very quickly. I expect it to go at least to ATH.
All Stocks on our watchlist are absolute top picks and fulfill Minervini's Trend-Template criteria and are selected using IBD's CAN SLIM criteria. Also, they all have low risk entry points. www.tradingview.com Featuring a few stocks: PBH With its next quarterly earnings report set for around Aug. 4, Prestige Brands (PBH) is trading approximately 10% shy...
ON is looking to go back to ATH, 52 weeks high On is in the general uptrend Only 18% down from ATH, which is remarkable for the current bear market. Seicondactors are recovering. ON can go even higher than ATH on earnings expectations/good earnigns. Target 70-80
The stock TPL in our JS-TechTrading portfolio reached its profit target and we have closed the position scoring a quick 11% profit after only a few days. The stock is acting great, swing-traders can also close only 50% of their position and go for a larger move on the remaining half position. The other option is to move the SL up to the break-even level and...
The stock NXST on our watchlist crossed a low risk enty point and generated a buy signal, we have added the stock to the JS-TechTrading portfolio. SL is less than 5.3% (SL at 163.3), win target is > 11%. NXST has a high relative strentgh (IBD style) and broke out of a volatility contraction pattern earlier today under high volume . Until now, the price / volume...
S tock Market reversed lower after key test, partially fueled by more worries about the economy Apple (AAPL) plans to slow hiring and spending in some divisions next year which concerned traders yesterday. Monday's weak session was another reminder that many sellers and lots of overhead supply is still putting pressure on the markets. What should Swing...