The Week of Truth for the Indexes - NASDAQ Composite and NDX

Jul 9, 2020

/

01:13 PM PST

Rating

No ratings


Hope you had a nice weekend. We're back at it kicking off a new week for the markets, and this week will likely prove to be the catalyst for the rest of the year. Before we pick up where we left off last week's index analysis, I want to point out our suggested oil trade back on the 15th of November continued to cooperate with the price of light sweet crude approaching $90 per barrel. We suggested getting long either USO, OIL, XLE or UCO in an effort to shave some decent short-term profits, and that's exactly what we've gotten to this point so far. Depending on which oil ETF you played, you're likely up a decent percentage, albeit modest, on what we determined to be a very low risk idea at the time. Nothing earth shattering, but still money in the bank, nevertheless. However, with oil now up against its 3/8 retracement from its September highs to the November lows, it may be time to take profits, or at the very least set a firm trailing stop locking in gains in the event oil starts to move lower again. A trailing stop would ensure you make money, while continuing to give you exposure should oil move to its 5/8 level of roughly $94 per barrel.


Here Comes the Big Test - Goldman Makes Us Look Good With RIMM

Jul 9, 2020

/

01:13 PM PST

Rating

No ratings


It's nice to know we're in good company. This morning shares of RIMM jumped yet again making a new short-term high on a Goldman Sachs buy recommendation. The Goldman buy rec. comes a little over a week after we suggested getting long the stock at $9.80 per share. Here's the difference between us and Goldman... we spotted the opportunity over 20% lower than Goldman did, thus giving our readers a much more favorable entry. With Goldman Sachs being the most successful brokerage and investment banking house in Wall Street history, it's nice to know we're providing you with ideas that the Goldman's of the world see the same opportunity with, only sooner. Additionally, sorry RIMM naysayers, you lose again.


Technical Resistance Across All Major Indexes - Here We Go...

Jul 9, 2020

/

01:13 PM PST

Rating

No ratings


Good morning all. The indexes are playing a game of tug of war right now with the DOW, NASDAQ 100 and the NASDAQ Composite all up against two key significant moving averages, the 200 day simple moving average and the 25X5 displaced moving average. The S&P 500 is the only index of the four which has managed to trade above the 200 day simple moving average, but just like its brethren still hasn't been able to breach the 25X5 DMA to the upside. We've covered the definition of a DMA on many occasions, if you're not familiar with this technical tool we rely on so heavily, you can go here to read more about it. As a matter of fact, if you do a Google search on "3X3 DMA", you'll likely see this same article come up first in most cases.


Bank Shot Catches the RIMM and Scores. Market Rally Set to Stall?

Jul 9, 2020

/

01:13 PM PST

Rating

No ratings

Good Monday to you. Hope you had an excellent Thanksgiving weekend. I completely stayed away from the shopping mania that has made Black Friday such a big Holiday tradition. Sure, I could have gotten some bargains, but I'll gladly spend a few more bucks later in an effort to preserve my sanity. To each their own. In the best interest of the Holiday spirit though, I do completely understand what makes it so much fun for so many Americans. We'll have a quick look at some of the Black Friday results below, but we've got a couple other pretty important issues to address first.


Last Tuesday, we suggested getting long Research in Motion (RIMM) for a number of good reasons. If you want to read last Tuesday's edition, go here. Since then, shares of RIMM have continued their stealth like move running as high as $12.12 on the open this morning before running into a little resistance. That represents a 23% gain in as little as four trading days. Congrats to those of you who jumped on the idea. More living proof we're serious and focused on continuing to give you real ideas you can not only profit from, but provide you with the type of returns to consistently beat the market averages on a year-over-year basis. While most of the major indexes are only up roughly 13% on the year, we've continued to provide SCN Members with ideas that have crushed the averages all year long.


Now that we're well in the money on RIMM, there's no reason to let this turn into a loss. There's a few ways you can play your winning position at this point. First, you can take the profits and have an excellent Holiday gift giving season, or you can set a trailing stop loss and let the trade continue to play out. Whatever you do, if you're going to make this a long-term investing idea, make sure at the very least you set your stop loss at your entry. This way, you have the opportunity to experience tremendous upside, while putting yourself in a no lose position. It's smart and it's savvy.

I Can't Believe I Love This Stock Right Now - AAPL, MSFT, NOK, MSI or RIMM?

Jul 9, 2020

/

01:13 PM PST

Rating

No ratings

Since we've got Thanksgiving the day after tomorrow, we've identified an idea we can't wait any longer to get out there. We're going to give you a stock today that may surprise a lot of readers. This particular idea is not only looking very attractive based on what they've potentially got going operationally, the stock's chart recently confirmed one of the strongest reversal signals a chart can possibly give you.


We mentioned recently Microsoft (MSFT) may be a good long-term conservative investment with excellent risk/reward propositions. I honestly never thought I would say that. The premise for today's idea is similar in nature. We've talked about the fact we're seeing a divergence among technology stocks lately with darling big caps like Apple (AAPL) falling from grace. One could make the argument stocks like Apple have just been subject to the recent pullback for no apparent reason other than they ran too much too fast in the face of economic concerns and cloudy earnings visibility. However, when you start to take a closer look at the landscape of the consumer technology space, there's an awful lot of shifting going on that is starting to make some real sense.


There was a time not all that long ago when nobody ever thought Apple could become subject to fierce competition, then again, there was also a different time period when stocks like Nokia (NOK), Motorola (MSI) and Microsoft could do no wrong either. And by the way, technology can be a very cyclical space, since it's always about what have you done for me lately? Well, Research in Motion (RIMM) appears to be making a return that they believe is going to give Apple a serious run for their money, and their growth.

<<177  178  179  180  181  182  183  184  185  186  >>