System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing...
Little sell off today...selling into earnings. I'm not buying into the short side here. I'm long on TJX they respond either neutral or into the trend of the market when earnings come out. This is an unusual price action day for TJX. This stock has 21 times earnings and has made all time highs with more potential to continue to the upside with the holiday...
Entry level $60 = Target price $64 = Stop loss $59
Our previous trade worked out perfectly so we must take another look as earnings approach.
Indicators are very bullish as earnings approach.
Volume is particularly encouraging.
Sentiment and fundamentals remain very strong as the consumer economy continues to thrive.
TLX much more resilient to the AMAZON effect...
I don't think this trend is done. Looking at the chart, I will add to my position at the trend line and ride it until it done making higher highs and higher lows. A minimum price target for me is $63.
Cheers! Follow me on stocktwits @cj3w
Missed the initial breakout, no point jumping in now, will be looking to buy the dip on next pullback.
Fundamentally the stock is very bullish as is the consumer.
Indicators are approaching overbought,but stock remains very strong, may reach $60 before pullback.
P/E ratio 23.93
Average analysts price target $60.25 Re-ratings to come, probably raises.
Buying some puts $57.50 and $60 strike, Oct 18 expiration.
Simple trade, simple chart. Read callouts for details. Please Like, Comment, and Follow to show you support!
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Among the bricks and mortar stores TJX is a real winner, it is a favourite among consumers and indeed other retailers, whom have excess inventory that they can not shift. TJX buys it cheap and sells it cheap to the bargain hunters who just love finding that item they didn't really need but it was too cheap to put back on the rack.
Despite this from a technical...
My quant model predicts
Profitability: TJX has a high probability(64%) to rebound at this level. The chart shows a support level here.
Worst Case: TJX could drop to $36.15
Money Management: Bet no more than 25% of capital
Suggested Strategy: long TJX for 5 Days
Seasonally TJX is usually quite strong , earnings are coming up soon and they have announced a split as well. NOV I'm expecting to see some good numbers out of retail names $XRT and strong thanksgiving and Christmas sales as the consumer seems pretty strong. The risk to this setup is if TJX reports poor numbers then I can expect a retracement back to 101/102 if...
TJX: The TJX Companies, Inc.
2018-08-21 08:30:00
The TJX Companies, Inc. Reports Above-Plan Q2 FY19 Results with Comp Sales Growth of 6% and EPS of $1.17; Raises Full-Year EPS and Comp Guidance
The TJX Cos., Inc. engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including footwear and accessories; and home fashions including home basics, decorative accessories, giftware, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids and gourmet food departments. The TJX Canada segment operates the Winners, Marshalls, and HomeSense chains in Canada. The TJX International segment includes the T.K. Maxx and HomeSense chains in Europe, and T.K. Maxx chain in Australia. The company was founded by Stanley Harris Feldberg and Sumner L. Feldberg in 1956 and is headquartered in Framingham, MA.
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TJX
