Several stocks of this industry are making new highs And NYSE:STNG and NYSE:INSW are leading the way. Something must be happening here. I missed entries in these stocks but I'll keep them in the watchlist as they are clear market leaders.
Cigna Corp sells healthcear memberships for dental, medical and other servicesa like. For the six months ended 30 June 2022, Cigna Corp revenues increased 6% to $89.07B. Net income increased 4% to $2.74B. Breakout after breakout NYSE:CI is one of the few S&P 500 stocks that pass my trend template. As long the price stays above $272 I'm long. The On Balance...
This ETF is the only good looking chart that I found. With today's inside bar, a good risk/reward play would be: Pivot buy at $28 Stop loss at $27 Target sell at $29.80 Lets see what happens.
The thing is, I'm buying very small positions. I use the averages like the SP:SPX and NASDAQ:IXIC more like a sentiment measure. The averages are that, averages. They don't account for the whole market. There will always be stocks rising or falling regardless of what the indexes are doing. But, if the averages are in downtrends I won't buy aggressively. I...
The Covid Crash was like a reset on all assets and ever since, AMEX:USO has been outperforming the SP:SPX . The ratio peaked on mid-June and it looks like is actullay forming a head & shoulders top. This is bullish for stocks as I think the indexes already bottomed (in mid-June). But remeber, is not confirmed until the breakout on the neckline happens.
JC Parets is one of the few experts I follow closely. He's been saying that "cryptos are just riskier tech stocks" and I agree. Just look how NASDAQ:IXIC , AMEX:XLK and INDEX:BTCUSD have bevahed for the las 5 years. They are highly correlated, all have bottomed almost in tandem 3 times. But if you look in daily charts you'll see that Bitcoin actually...
NYSE:WWE is media company that produces and markets TV and Pay-per-View live events. This stock really doesn't care about what the SP:SPX is doing. Today is breaking out its regression line, it could be actionable but with a small position. For me the pivot buy is at $73.40 with a target near $100 as is its highest high. Let's wait and see.
At the above pane is the SP:SPX making new lows; I really thoght that the low was already made. Then in red in Small Cap Growth vs Small Cap Value (IWO/IWN), in green is the S&P Growth vs S&P Value (SPYG/SPYV) and in yellow is the Consumer Discretionary vs Consumer Staples (XLY/XLP). There are a lot more but these are the most common ratios to evaluate what...
The percentage of stocks of the SP:SPX got above 80% last week. For the last 4 years, this has been a very good signal for excess and a correction is due. Use this to find strength. The stocks that manage to stay above its 50-day MA may be the ones that lead the next move. At the moment oil, gas and some solar stocks dominate my watchlist. And I am a Bottom-Up...
What do you see when looking aty these charts? I see higher highs and higher lows. The NASDAQ:SQQQ broke a short-term trendline to the upside and then, the AMEX:SPXU followed. Now the next test is the last week's high, which it seems that it will break today. If it does, the next resistance is at the June highs. Thats +34% for SQQQ and +25% for SPXU, it...
Shoals Tech Grp p is a leading provider of electrical balance of system or “EBOS” solutions for solar photovoltaic, energy storage and eMobility. IBD ranks NASDAQ:SHLS in number 6 of its industry and has a 95 in its relative strength rating. Looking at the company's valuations, pure fundamentalists would say it's overvalued. But, the technicals clearly signal...
National Fuel Gas Co l is a diversified energy organization headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: exploration and production, pipeline and storage, gathering, and utility. The stock is in a confirmed uptrend and has formed a cup & handle with a buy point at...
Dollar General is a huge discount retailer that plans to get even bigger. After a nasty island reversal in May, NYSE:DG has recover very well. This tight action in price has caught my eye and today is making an inside bar with pivot buy at $256.10. You can even say that is forming a cup & handle. The bad thing is that it publishes earnings next week so,...
Dolar Tree is in a confirmed uptrend and after a retest on support at $125, the price has formed a cup & handle with less of 30% throwback, this correction came after bad news on NYSE:WMT . That's why stocks like NASDAQ:DLTR and NYSE:DG came right back up. This shows strength and leadership in its industry. Inside the handle it has formed a shark pattern...
The health care industry is being leading the charge, NASDAQ:AMLX is the proof of that. This recent IPO just broke out of a good looking cup & handle pattern. Also, IBD is giving a 99 relative strength rating. So, I enter today with a small position. A "pilot position", as Mark Minervini would say. The market is still under pressure so I'm testing it. As this...
I mean, if you want to make money, you just don't buy crypto. At least not right now. You can say whatever you like, but price never lies and this ratio is screaming the truth. OTC:GBTC / SP:SPX is clearly in a downtrend. At least it needs to breakout from that downward resistance line to even consider go looking for cryptos to buy. Sure, INDEX:BTCUSD ...
NASDAQ:ESLT is in the Aerospace/Defense Group. I bought a small position on this breakout. I like that it made a huge gap up and it could fill it, that is strength.
The natural gas ETF is forming a cup & handle with pivot buy at $31.60. This behavior signals a comeback for stocks in the gas industry. Some of them are NASDAQ:NFE , which I was stopped out in June. NYSE:VET and AMEX:LNG . These 4 are in the top of my watchlist. All are in confirmed uptrends and leading the sector. Several oil stocks also look good but I...