Sunday, October 6, 2013

10 stocks for the coming week

Here are 10 setups that I like for the coming week. Important levels are marked on the charts itself.











Take care and good luck!

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Monday, September 23, 2013

Chart of the Day

Today's Chart of the Day is EGLE. Lot of momentum stocks took a beating today, and that makes the comeback made by this stock all the more appreciable. Been consolidating nicely after a huge move up and the candles are getting narrower.

Also like CERS and SAPE here.


Update on 25th September

This is how the above chart looks at the end of the day today.


I hope some of you readers played it.

Take care and good luck!
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Sunday, September 22, 2013

10 stocks for the coming week

Below are few setups that I will be keeping an eye on next week. The important levels are marked on the charts themselves.












Take care and good luck!

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Be wary of negative divergence in MACD

It has certainly been a nice time to be long stocks in the last couple couple of weeks, with S&P making all time highs last week. However, it should be noted that these new highs in the index are not accompanied by new highs in MACD, as should be the case for any healthy rally.  Following is a weekly S&P chart along with MACD indicator.


The last two highs in S&P have been accompanied by lower highs in MACD. Make no mistake, the above chart still looks very healthy and bullish, but this negative divergence does suggest a pullback might be on the cards in the near future.

I will be back with a watchlist later in the day.

Take care and good luck!

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Friday, September 20, 2013

Looking at the week gone by

I am just going through my trading results of the previous week. Was that sort of week where it seemed a tad too easy. Lots of breakouts. Some I could take advantage of, some I missed. Still, one of the better weeks. Having traded for quite a few years now, all that does is make me cautious of the week ahead. Not of the overall markets, but my own trading. The markets have this endearing characteristic of screwing you when you least expect it. So, gotta be especially cautious in the beginning of next week.

The following were some big winners from the watchlist posted last weekend. I hope you readers got to gain from some of them. The levels marked on these charts are the same as those marked last weekend.

 ACAD up 7.57%

 BYD up 7.39%

 DYAX up 14.86%

 EGLE up 39.8%!!

 EJ up 9.23%

 END up 11.07%

 HIMX up 22.41% Posted on Tuesday

 TPLM up 10.99%

YPF up 9.92%

I will be back with next week's watchlist sometime over the weekend.

Take care and good luck!

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Tuesday, September 17, 2013

Are the markets overbought?

With the sort of rally that we have had in the last 10 days or so, it is perhaps time to step back and look at whether the markets are overbought here. And as the regular readers of this blog will know, that means time to turn to our trusty ol' McClellan Oscillator. Below is the two year daily chart of the NYSE McClellan Oscillator.


From the above chart, it seems that the markets are quite close, right at the doorsteps rather, to entering overbought territory. That doesn't mean that the markets cant edge higher from here. "Overbought" can very easily turn to "more overbought". July 2012 in the above chart would be a case in point. As you know, the market deals in probabilities, and not certainties. All that the above chart is telling us is that the odds favor a pullback here. 

With the kind of rally we have had in the last few days, and markets approaching important resistance levels in all time highs, and considering the above chart, it makes sense to just consider the risk to reward ratio here.

Take care and good luck!

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Three for tomorrow

Following are a few stocks that I will be keeping an eye on tomorrow. All three made nice moves today on impressive volume and are approaching important resistance levels, that are marked on the charts itself.




Take care and good luck!

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Sunday, September 15, 2013

Watchlist for next week - Part 2

As promised, here is the second part of the watchlist for next week. A lot more number of setups than I normally post. Important levels and trendlines are marked on the charts itself. Click on the charts for a better view.

















Here is the link to part 1 of the watchlist.

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