Nov 20, 2015: 1:58 PM CST
Alphabet (Google – GOOGL) continued its buy signal and uptrend with a clean breakout to new highs today, creating a bullish Trend Day.
I highlighted a Buy Signal for GOOGL which successfully achieved its breakout target today.
Let’s update our charts and note the new trade planning levels:
Again, start with last week’s post “A Buy Pivot Opportunity for Alphabet Google GOOGL.”
This post is an update which shows the stock successfully rallying to the upside target and then breaking above it to continue the uptrend as expected.
At this point, we remain bullish especially if buyers can push the price above $780.00 per share.
If so, it opens a clear upside pathway toward – and beyond – $800.00.
Stocks which are strong tend to get stronger and that’s proving true again with GOOGL.
Here’s the uptrend as seen from the Weekly Chart: Continue Reading…
Nov 20, 2015: 7:42 AM CST
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Nov 19, 2015: 2:24 PM CST
What three stocks in the S&P 500 are showing the strongest, most persistent “Uptrend Channel” right now that you can trade?
Let’s take a quick look at these names and what strategies may await you:
We’ll start with Expedia.com (EXPE) which developed a strong and stable uptrend through 2015.
The three price points to monitor (for trades and targets) are the $120.00 lower support trendline, $140+ upper resistance target, and the $131.00 “Midpoint Magnet” trendline.
As long as price remains bound within this rising pattern, the simplest strategy would be to buy into support, take some profits at the Midpoint (as is occurring today) and hold the balance until price touches the top of the rising trendline.
The same logical applies to all three stocks in today’s special “strong channel” uptrending scan. Continue Reading…
Nov 18, 2015: 2:45 PM CST
Normalcy and the ongoing uptrend returned to the stock market today with a break to new swing highs.
After the Fed Minutes were released, stocks broke through the 2,065 resistance level as noted.
Let’s update our levels for the S&P 500 Index and note the big trending stocks today:
In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit.
One thing we can’t forget is that the stock market remains in a triple timeframe uptrend or strong bull market.
Today’s session continued the upside action with a bullish gap and trend day development to the highs.
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Nov 17, 2015: 7:27 PM CST
Sometimes simple stock scans can give superior candidates for trading or investing.
Let’s update our “Top Strong Stocks Most Extended above the Rising 200 day SMA” scan.
According to FinViz.com, here are the Top Ten Candidates for trading:
This is a simple stock scan that measures today’s price as a percentage of how high it is from the 200 day Simple Moving Average (SMA).
The scan intends to find strong uptrending stocks but sometimes low-priced names slip through the cracks, like Airgas (ARG) in today’s scan.
With the exception of Airgas, take a look at nine of these candidates on an easy-to-read grid: Continue Reading…