January 29, 2017: To replace Cemex, I like U.S. Concrete. President Trump said last week that he would be hiring American companies and American workers for as much of the construction work on a border wall as possible. While Cemex has cement plants on both sides of the border, it is a Mexico-based company.
U.S. (Read More….)
January 3, 2017: Canaccord Genuity, Roth Capital, and HC Wainwright/Rodman & Renshaw all scrambled for the exist in Inotek Pharmaceuticals after the company announced Top-line Results for MATrX-1, First Phase 3 Trial of Trabodenoson for Glaucoma fails to meet its primary endpoint. I am dropping coverage of the company, RIP.
December 20, 2016: Canaccord Genuity (Read More….)
There has been heavy insider buying in Gran Tierra Energy that began on November 9, 2016. On November 29, 2016, Director David Smith bought $90,000 worth of stock. Also on November 29, 2016, Susan Mawdsley bought $60,000 worth of stock. Again on November 29, 2016, Officer (VP, Investor Relations) Rodger Trimble bought $37,500 worth of (Read More….)
The Twiggs Money Flow is falling on the major indices. That means that traders are choosing to sell out of the market and book their profits.
S&P 500 Chart
Comments: The money flow has been falling on the S&P 500 this entire week. Watch 2193 support level. In an uptrend, previous resistance should become (Read More….)
The high yield debt chart is very troubling IMO. If we overlay the S&P 500 and the high yield debt chart, a huge bearish divergence is revealed. Check out this chart with the red line being the S&P 500 and the purple line being high yield debt.
High yield debt (purple) is nowhere near (Read More….)
Spark Energy has had heavy insider buying over the last few weeks. The Director Maxwell W Keith III bought $273,564 worth of stock on November 23, 2016. Two days earlier, on November 21, 2016, Vice President and General Counsel Melman Gil bought $14,922 worth of stock.
Spark Energy operates as an independent retail energy services (Read More….)
Amazon’s Amazon Prime membership continues to explode higher among US consumers. Amazon Prime had 40 million US members in Q3 2015. In Q3 2016, Amazon Prime membership has grown to 49.5 million US members. The incredible growth of Amazon Prime membership could lead more brands to sell over the Amazon platform. Rather than try to (Read More….)
Franklin Financial Network provides various banking and related financial services to small businesses, corporate entities, local governments, and individuals.
Franklin Financial Stock Chart
Chart Comments: Testing previous resistance at around $38. Inverted hammer with long upper shadow is bearish and may indicate a pullback is coming. Wait for close above $38 before long entry. (Read More….)
Traders get confused by price action in bonds relative to the stock market because of perma-bear websites like ZeroHedge. Folks, the most reliable signal for how bonds impact the stock market is very simple.
Look At Bond Prices
Your primary research into bonds should always start with bond prices first, then yields second. A bond (Read More….)
The stocks below have formed a bullish divergence between the Twiggs Money Flow and price on November 21, 2016.
Aceto Corp Stock Chart
Comments: Coming up to horizontal resistance (red line). Breakout of horizontal resistance will take the stock to $21.50, a quick cha-ching play.
CVR Partners Stock Chart
Comments: Broke above 50-day (Read More….)
Satoshi writes, “I’m short on REGN because I think it’s oversold. Could you give me any tips of how to confirm this or if it’s also in a downtrend that could go Lower? Earnings are due on the 4th, and I want to get out before they release, but I’m expecting it to pick up (Read More….)
Never underestimate the utter wickedness of institutional traders. The ‘Get Shorty’ trade is on. The way the trade works is that institutional traders stir up the bearish sentiment in the market by going out in the mainstream media and talking up doom and gloom.
In after-hours trading, they buy S&P futures causing the market to (Read More….)
Both the Fed and Wall Street analysts are forecasting a 3% GDP growth rate for Q3. After yesterday’s release of many economic reports, I would put the GDP growth rate for Q3 at 1.5% at most. Let’s look at yesterday’s economic releases on the charts.
The NY Empire manufacturing index came in at -2%. That (Read More….)
I went short the S&P 500 today. More precisely, I went long UVXY.
Today’s upward move on the S&P 500 was a pathetic show of force from Bulls. Check out how the Twiggs Money Flow barely moved higher on the chart.
You can see just how pathetic the upward move was today on the (Read More….)
Jason Bond just hit a 40% win in GEVO on a quick swing trade.
On August 30, 2016, Jason sent the following email to clients:
I bought 70,000 GEVO into the higher low I was looking for at $.55. As of right now I intend to be in this trade for the catalyst to play (Read More….)
A bullish Inverted Scallop could be forming on the S&P 500 weekly chart. According to Thomas Bulkowski, the overall reliability of an Inverted Scallop is a rank 3 out of 23 (1 is the best).
Bulkowski says the average rise is a whopping 43% after the Inverted Scallop pattern is complete (a close above (Read More….)
TEGNA Inc operates 46 television stations that produce local programmings, such as news, sports, and entertainment. The company also operates Cars.com, CareerBuilder, among other digital properties.
TEGNA is the largest independent owner of NBC and CBS affiliates. Profit more than doubled in the most recent quarter because of political advertising. The Wall Street Journal writes…
The Russell 2000 formed an unyielding Three Soldiers pattern going into the close. A Three Soldiers is when the fast and core trigger both go blue and then the next higher time frame up goes blue on the fast trigger.
As you can see, a Three Soldiers pattern is an explosive pattern signal for (Read More….)
TZA scalp trade entry in the 15-minute time frame on a 3 Soldiers setup. A 3 Soldiers setup is when the time frame you are trading in has fast and core blue triggers, and one-time frame above has a blue fast trigger.
As always, tight stop and be ready to scratch the trade.
Disclosure: (Read More….)
YouTube subscriber Tami asks, “I saw the YouTube video on the stock market crash projections. My son and I watch you frequently and think you are great. Do you think it is still good to stay in gold and mining stocks?”
Thank you so much for your kind words Tami. Here is how I think (Read More….)
Enova International did a Symmetrical Triangle Breakout on the chart this week. The stock trades at a hot P/E of 9.32 and a forward P/E of 7.44.
Enova International has exploded over the last five days. Below is an interactive graph showing the performance of Enova over different time frames.
[graphiq id=”dUo1xu2kCoZ” title=”Enova International (Read More….)