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We may have finally had our pullback Friday. The DJI finished down a total of 1.72 points. *GASP* Think of the women and children! In all seriousness ladies and gentlemen, it was a actually a late day rally that almost had the DJI finish in the green. That is how strong this bull run is. There is no other choose but to expect this rally to continue. I’ve mentioned how this rally looks the same as the one from last November, but the chart clearly confirms it. With the financials leading the way north, everything else is just following suit. Not everything is rallying strong, but almost everything is showing signs of life. You would be hard pressed to find many short signals in the marketplace right now. Buy em while you can before it’s gone…. oh wait. Now everyone is in chase mode and that is only helping fuel this rally. All hail the perma-Bull! Open Position: NVDA RH XLNX QCOM NFLX BABA TTWO Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 102

A little different reaction yesterday in the market place. Not only did we make new record highs across the board, but we actually had breakout behavior on strong buying. We mentioned since last week that the major averages are showing breakout behavior similar to November. We basically confirmed that notion this week. The banks are helping lead the way. Energy stocks are gaining steam. Airlines and rallying back. Tech names are mixed but the ones that are responding to buying are going bonkers(NFLX). It’s at a point where you can’t even suspect that we may have a pullback. This will be the last session of the week and you suspect we should see some risk off trading. However, the buying frenzy may just buy anything that moves lower. It’s almost insane how aggressive the buying has become at these levels. That’s the primary issue right now. You’re almost forced to buy at the highs of you want to participate. That leads to nasty drawdowns if your timing is bad. Buyers have been rewarded all week for buying the highs. They’re getting trained to think it’s okay and this is what’s considered “High risk, low reward” scenarios. Yet everyone is being taught that it’s worth the risk in the end. Your risk tolerance is only getting stretched out and while breakout signals are beautiful, the context of the breakouts are important. Buying at the highs historically is never a good thing. Be careful of such trading behavior moving forward. There is a time and place for everything. Looks like we have no choice for the time being. Open Position: NVDA RH XLNX QCOM NFLX BABA TTWO Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 96

It was a slow day for the overall markets yesterday, yet we managed to make new record highs. The upside trend continues without any fear of retracement as sellers realize any drop would be immediately bought up. We did see some volatility in stock names both to the upside and downside. NFLX was a name that rallied strong off an upgrade that was given thanks to a survey. This survey predicted that NFLX would report a good quarter and saw a jump in subscribers. SHOP got crushed off the open by heavy selling which PRECEDED Citron Research slamming the company via Twitter. Citron is a notorious firm that tends to short stocks and tweet out to help their position. However, someone knew the tweet was coming out yesterday. Volume was already over 40% the daily average within the first 8 minutes of trading. The tweet came out shortly after and SHOP got demolished. Looks like the good ole boys of Wall Street still work hand in hand with whispers and handshakes. How else do you explain the billions in new liquidity to the downside in a longer term up trending stock? Coupled with someone taking profits and that lead to SHOP finishing down over 11% for the session. Devastating to the retail trader that held through that mess. I expect SHOP to bounce back in the near term, similar to how W finally bottomed out and started to recover. A drop of 11% in a stock that trades 1.5M shares a day all off a tweet. Welcome to the new Wall Street ladies and gentlemen. Open Position: NVDA EDU XLNX QCOM NFLX BABA TTWO Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 96

The markets had a slow volume grind to record highs yesterday. It was the typical trading as of late where buyers just continue buying and sellers stayed stagnant. Usually this means that sellers can come in with any decent sized volume and spook the buyers that took the risk at these levels. However, sellers know they would only be chum these days. Maybe the market was subdued due to the tragedy in Las Vegas or it seems buyers don’t happen to see any speed bumps anytime soon. Whatever the reason we believe it to be, the markets are continuing higher and are not slowing down. The daily chart for the indicies are starting to look similar to last November. The biggest correlation is how the financials are trading. With big buying continuing to add onto the buy side in the bank names, they’re technically in a breakout. Just so happens that the markets are doing the same thing. The difference is that we’re at all time high in bank names and the indicies. Same behavior, different levels. These levels leads to the argument of context. Historically it’s high risk to buy at these levels, yet it seems traders and investors have no choice these days. Patience will only be a part of the equation at the moment. Sometimes aggression is the key, but not without substantial risk. If you can accept the risk associated with losses at these levels, then you should be buying. If not, then patience for a pullback is the only other route. The only problem with that is you might miss out on the true move. Markets haven’t stopped and won’t stop it seems. Pullbacks are getting smaller and patience is wearing thin. That is the state of the markets now ladies and gentlemen. Open Position: NVDA EDU XLNX QCOM KLAC NFLX SHOP TTWO Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

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The markets are showing signs of a breakout to the upside. This breakout is coming at the all time highs and the markets are extending on these gains. These market conditions remind me of last November more than recent times. Recently we would see risk off at or near these levels, while last November we had buyers piling on at the highs. I expect things to remain vertical although how can you not suspect a pullback to happen. My belief is that any small dip will be bought up and 2600 in the SPX is not only in sight, but will soon be in our rearview mirror. Open Position: CTXS XLNX QCOM KLAC NFLX DIS TTWO Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

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The markets finished off the month with gains into the close of the session. We originally saw a little bit of risk off trading and a small swing lower early in the session. Then the COMP and SPX woke up and help life the DJI as all three major markets finished higher for the session. While the last quarter of the year may see some risk off trading, clearly buyers continue to hunt for all time highs. With buyers still piling into equities across the board, we could see more investors rushing to join in on the action. While lately we have seen the short term traders dominate the marketplace, it seems investors continue to pile into individual stocks and ETF’s. As long as that continues in the short term, there is no telling when we will stop this bull run. I expect the markets to try and continue higher here in the short term, but I am a bit cautious on how much more upside we have. I do believe we should have a pullback soon, but realistically it’s much easier for the markets to continue higher than to pullback. Open Position: CTXS XLNX QCOM KLAC NFLX DIS TTWO NVDA  Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 100

The markets had a slower day of trading after we had a strong day of gains. We did finish in the green across the board with the DJI leading the way. The COMP was the weakest but rallied late to barely squeeze out gains for the day. With the end of the month, quarter and week trading coming to head today, we could see counter trending moves today. While the moves shake out the short term traders, we could see the continuation of the uptrend today. Even with the closure of some big positions, I fully expect the bulls to treat the markets like an all you can eat buffet and try and buy everything up. Expect some weakness today but not too much. We are in a never ending bull run after all. Open Position: CTXS XLNX QCOM KLAC NFLX DIS TTWO NVDA  Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

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It looked as if we would see a lot of weakness early on in the session. That is when the markets bottomed out and started to rally and rally quickly. As buyers continued to pile on and enter almost recklessly, the COMP and Russell led the way higher. The SPX was following close while the DJI struggled with gains. That is when we saw blowout buying take place in stock names. As volume started to increase in stock names, we saw strong buying taking place at or near the highs of the day. That is when I knew we would see strong gains for the session. The tech names and the banks led the way as we saw significant institutional buying taking place throughout the session. While the DJI was lagging behind a touch, the COMP and SPX clearly led the way higher. I expect a little profit taking to take place today. However, don’t be surprised to see the buying spree extend into today. The buying yesterday was significant and aggressive. I expect the profits to be protected and support to come in if the pullback gets a little too heavy. The bulls came alive and piled on throughout the day. I would be surprised to see the bulls shrink back so quickly without making new all time highs. That has been the pattern as of late and we still have ground to make up. Open Position: CTXS XLNX QCOM KLAC NFLX DIS TTWO Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 125

The markets once again had some weakness during the session. While the COMP and SPX rallied back after the swift drop, the DJI struggled throughout the session. That makes a small losing streak for the strongest market as of late as more risk off trading is taking place. Fret not investors as we should see the markets bounce back this week. All we need is a day without headline news from the POTUS or from our government in general. With reactionary movement on the smallest of the headlines, it has been wreaking havoc on both the short term traders and investors alike. The bulls are itching to have a go at it, but so have the bears that are trying to fade any news out there. With a small war of leverage going on in the markets right now, we may just see a tug of war until the rope breaks. I suspect that buyers will win out per usual. Open Position: CTXS XLNX QCOM WDAY RH TRIP Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 125

Shares of Apple Inc. rose early this morning, putting it on track to snap a four-session losing streak, after Raymond James raised its price target, and increased expectations for gross margin and average selling prices.  Analysts maintain its outperform rating and have raised stock price targets to $180, which is 19% above current levels, from $170.  While a consumer survey and feedback from sources in Asia suggest the new iPhone X won’t launch a new “supercycle,” it will boost average selling prices by about 10%, and expand gross margin by about 2 percentage points.  Don’t expect earnings and revenue growth to peak until sometime during the first half of 2018, so the recent pullback might be a good trading opportunity to look at.  The stock had closed Monday at an 8-week low, after falling 5.2% over the past four sessions, 6.8% since Apple’s product event.

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