jhains2

jhains2

PPL has meaningfully underperformed the XLU index over the past 5 years with no sign of stabilization. This management team looks very vulnerable.

jhains2

Just an historical view of the trading in CRSP on a weekly basis with weekly Bollinger Bands (50 & 200 weeks).

jhains2

The market really did take it on the chin in both October and December. One friend suggested that the sharp drop prompted rebalancing flows into equites from large institutional investors as stock/bond/other asset class levels were out of guideline with the equity decline. This could be behind part of the January rally, but of course the Fed's change in tone has...

jhains2

I'm using a 4-hour candlestick chart here. A bit more detailed than a daily chart. This appears to be a classic Wm. O'Neill-style Cup & Handle under formation and it seems nearly complete to me. If you think I've got this wrong, let me know! For that matter, let me know if you agree!

jhains2

The S&P 500 is not down 20% yet but many industry segments already are down 30%-50%. Look at Gaming Names Auto Parts RV Manufacturers Many Others Semiconductor Equipment Manufacturers The Index has held up much better because so much of it is atrributable to the FAANG and near-FAANG names taht are only now starting to decline

jhains2

AMC appears almost ready to emerge from a lengthy bottoming process that started with a H&S bottom, then extended into a rising triangle. The stock has been spending alot of time near the upper end of the range and seems likely to need only a modest amount of additional work to move to higher levels. The huge short interest could help propel the move higher.

jhains2

The FDA will consider AKAO's lead drug on June 25th. The stock appears to have put in a solid bottom ahead of that meeting.

jhains2

CRSP is admittedly a VERY volatile name, but one with a big future and I believe a CL list stock at GS. On Friday, I was able to sell the May $45 puts for $1.90. If I am exercised, my cost basis will be $43.10, which puts it right in the support of the bottom of the last pullback. I would be OK getting exercised on that and I could exit for a small loss if it...

jhains2

After their deal to sell themselves at $23.50 fell through, I expect a new buyer to step forward and take out SPA, which has been operating without a real CEO for 2 years.

jhains2

Although there has not yet been a breakout, AMC appears to have put in place a H&S bottom with a neckline corresponding to the previous gap down. 2017 was obviously a horrible year for movies (and theater operators), but 2018 has a much more robust calendar that is likely to result in a much more robust financial result for AMC and other theater operators....

jhains2

Casino industry has shown good relative strength in recent weeks with WYNN & LVS recently making all-time highs. MGM had to absorb the fallout from the Las Vegas massacre on 10/1/17 but now also has broken out to a new all-time high, confirming the rest of the group. WYNN has the strongest RS, MGM the least.

jhains2

This looks lie a "Rounding Bottom" but my Edwards & Magee says these typically are a much longer-term formation. However, if you believe that the market and charts are fractal in nature, you can create a "longer-term" pattern by reducing the time interval on the chart. I'm long this name since the ends of November at just this side of $7 and think if the...

jhains2

There are not many stocks that are both down alot from their highs and making a recognizable bottoming pattern. This looks like one. Q4 earnings will be much better on the heels of Jedi in a few weeks.

jhains2

I think I've got this Cup & Handle thing right. Trading Viewers let me know: is this a valid Cup & Handle pattern?

jhains2

This week, Stephens & Co (famous for Hillary Clinton's wildly-profitable cattle futures trade back in the 80s) initiated coverage on EZPW with a Sell and an $8 price target. Stock dropped nearly 10% on the day of the report and can't get off the floor. Upcoming earnings report seems critical to the stock's performance as it needs to start translating strong...

jhains2

EZPW's somewhat delayed (though not technically late) FY-end earnings report for the September quarter will be released after the close on Wednesday and the company will hold an 8:30 a.m. (market time) CC on Thursday morning. The "delay" likely involved restating financials for the sale of its Grupo Finmart division in mexico, which closed on the last day of the...

jhains2

Following the breakout from the reverse H&S pattern HUN has continued to work its way higher on the 4-hour chart and the latest consolidation patern over the past week or so at the far right side, could barely contain the stock's rising tendency. HUN is now poised to move to new highs provided the overall market remains cooperative.

jhains2

Previously, I noted that HUN appeared to be forming a "reverse Head & Shoulders" pattern, with a neckline just below $16.50. The stock proceeded to break out above that neckline, supported by improving fundamentals in the company's Titanium Dioxide business. After a classic post-breakout pullback to the up-sloping trendline in September, and another nearly two...