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I am taking a vacation and will return to post on June 7. The market is in a post-earnings release period and probably will not make a major move until sometime in July when 2nd quarter earnings are released. We do often have a shake-out decline just before the earnings period so we may have [...]
Only 3 stocks came up in my new high and good earnings scan, two of which are above green line tops: DPZ and AAON. Under 100 stocks hit new highs on Thursday, down from 680 on Wednesday. T2108 is now in neutral territory at 64%. Over 200 stocks that hit a new high in the [...]
T2108 declines to 67%, still in neutral area. Only 12 of 44 stocks with good recent earnings that hit a new high on Wednesday closed above Tuesday’s price. Wednesday had a lot of stocks opening strong and selling off. Time will tell if this break brings in a significant decline.
My new high and good earnings scan detected 12 stocks that have appeared in my IBD watch-lists. They appear below. LOPE broke out of a green line top this month. PODD and VIPS came up too and are not on my IBD list but are worth researching.
Just wanted to show you how you can use the green lines to diagnose a failing stock. Check out this monthly chart of the gold ETF, GLD. Look at the series of multi-month bases that formed on the way up from 2005-2011. Note the green line top since 8/2011 and the failure of the prior [...]
I know all of us would like to identify a break-out stock like TSLA before it doubles. Did TSLA give itself away before its break-out? I believe the methods I have been demonstrating show how it would be possible to detect such an explosive move in advance. So, let’s do it. First, I have been [...]
Here is the daily chart. I placed a sell stop at MTN <64, GTC. If it fails, it is a small loss. The stock broke a peak set in 2007. This is posted for educational purposes only.
My amazing stock buddy, Judy, has been talking to me for some time about KSU. I finally bought some on Tuesday when it appeared to break out of a cup and handle base (see daily chart below). Then after the close on Thursday, it was announced that KSU is being added to the S&P 500 [...]
Want to find a stock that will double in a year? Look at stocks that have already doubled in the past year. The best predictor of future behavior in stocks and people is past behavior. This list of 15 stocks came up in my new high and good recent earnings scan and closed at least [...]
Tuesday’s new high and good earnings scan results: (click on to enlarge) Many of these companies have come up on this list repeatedly and are therefore hitting a series of new highs. This weekly chart shows that TREX recently broke out of a 13 year green line top to a new all-time high.