Brandon50115

Brandon50115

The economy is still expanding, making cyclicals a good choice. Under Armour has been outperforming Michael Kors, and is at a good technical level to buy into. The short on Michael Kors helps hedge out market and sector risk, isolating the risk associated only with Under Armour.

Brandon50115

This company is worth a watch - Zagg, Inc. ZAGG sits in the Fabricated Plastic and Rubber industry. With oil prices rising, we could see higher earnings in the future for this industry. Over the past 13-weeks, ZAGG has outperformed the S&P by 76 percent, 95 percent YTD. Its weekly chart shows strength and the stock currently trades at 16 with a 52-week high of...

Brandon50115

Another good oil/gas company. CDEV is currently trending up on its weekly chart and daily chart, finding support on the daily. Volume suggests that prices will not break below its 20MA. The price action suggests the stock is on the move towards its 52-week high of 20.97. It currently trades at 18.68. So, there may not be much room for growth as I would like but...

Brandon50115

With oil prices on the rise, we should see an increase in earnings for oil/gas and plastic manufacturing companies. APC is an American petroleum and natural gas production company headquartered in Woodlands, TX. It has out-performed the S&P by 7 percent over the past 4-weeks. APC currently trades below its 52-week high (73.33) at 47.79. It's average Put/Call...

Brandon50115

Itus Corporation, a company that develops, aquires, and licenses emerging technologies in the areas of biotechnology, is in the stages of developing technology that can detect cancer at an earlier rate through a blood test. The company saw its stock jump by 85 percent upon releasing news of the patent issuance of the new technology, this was on Sept. 18. The...

Brandon50115

Allison Transmission (ALSN) is one of the worlds largest transmission manufacturers. The company has recently developed a new transmission model that helps to improve fuel economy. The company is set to release its 3Q earnings Monday, Oct. 30 with a conference call on Tuesday, Oct. 31. US car production is coming off of its low back in 2009 and has increased to...

Brandon50115

Price action appears to be consolidating on lower volume, bullish. RSI found support above 60, bullish. Trend shows average volume/flat volume, neutral. I placed my stop at 36.48 for 1% of my account. This is a personal journal of my ideas and trades. This is not meant to be advice. Trade with care.

Brandon50115

ITUS has renewed its research agreement to continue developing CCheck, a blood test that could detect cancer early. See this link for details www.streetinsider.com It's chart looks like its in a healthy correction(falling triangle) from its 600% move on Sept. 18. I'm long, with a stop at 2.10. My position size is small and my risk profile is always at 1%. I...

Brandon50115

IZEA released its new product, ContentMine, which helps companies marketers more easily find, organize and share content. The stock saw a 13% gap up on Sept. 22. Profits from the new product could help fuel a continuation on the move up. As of now, RSI shows bullish strength and the stock is consolidating into a falling triangle on decreasing volume, signaling a...

Brandon50115

Out of the US, China, Europe, and Japan the Nifty 50 index has out performed them all, growing 23% this year. In case you aren't familiar, the Nifty 50 is comprised of 50 of the most favored stocks by institutional buyer between 1960-1970. If you aren't familiar with this index, look it up. It's a good one to follow.

Brandon50115

Canada supplies the US with 38% of its oil, then Saudi Arabia at 11%. A short-term hike (probably 12 days or so) in oil prices will give a boost to Canada's bottom line, essentially placing more demand on Canadian dollars. This demand gives strength to the Canadian dollar. That strength pushes down the USDCAD pair. I'm neutral on this until the tropical storms...

Brandon50115

I'm all about generating ideas off of the storm hitting the Gulf right now. With an anticipation in increasing high natural gas prices, I'm looking at this chart. A good buy for me is around 21.55 with an initial target of 23.13, where I will take 2/3 profits and move my stop up from 21.20. As a disclaimer, this post and previous and future posts are my opinions...

Brandon50115

Viewing the chart above, the vertical line represents the day Hurricane Harvey hit. These stocks; which fall in the automotive, home and oil industries; saw a substantial increase over the next month and all but oil is still seeing an increase. Ford, GM, LPX and Alon. I have been mentioning and trading the first three, Alon (ALDW) is a new one for me. ALDW...

Brandon50115

Tropical storm Nate is set to hit the Gulf coast over this weekend, affecting natural gas and oil production. Here is my little break down of what this could mean for the market and why Exxon may break a key price of 84.51, which I used the above renko chart to identify. The Gulf accounts for 17 percent of the US crude oil production and 5 percent of its natural...

Brandon50115

Non farm payrolls and the unemployment rate will be released today at 0830. A release higher than expected could fuel a minor correction. The chart displayed shows the negative correlation between the S&P and the total civilian unemployment rate. Because of the uncertainty of the release, RSI very high, and ATR falling; I would stay clear of the equities markets...

Brandon50115

To add to the growing list of evidence against the strength of the EURUSD pair, a quick look at it's daily chart shows a convergence between the US dollar index and the pair. The 4-hour chart shows a crossover between the two on 9/26 and the two are now diverging, signaling weakness in the lower level trends. The weekly chart shows similar weakness in the...

Brandon50115

Germany's construction PMI was recorded yesterday at an 8 month low of 53.4, down from 54.9. This means that a little over half, and shrinking, purchasing managers have positive sentiment. To me, these indicators provide good guidance as to the overall direction of the markets. Germany's PMI wasn't the only indicator that released down. Construction output was...

Brandon50115

This crypto pair may be set to drop 30% through Oct. Its previous rally, which failed to produce a new high, only pushed RSI to 60 and the support before that makes the range from 40-60, very bearish. Price action/volatility has been decreasing. I'm not saying there's no value but right now would be a good time to look for a short or sit on the sidelines. The DXY...