S&P 500 Falling Money Flow While Put Buying Is Rising

I’m holding the sideways market prediction path from last Saturday’s show. It’s so awesome that the market is so bullish that its beating the prediction BUT… you guys got to see this.
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Vipshop Stock Rising Large Players Volume

Vipshop stock has been consolidating while the large players volume has been rising. This positive divergence is why I went long Vipshop stock this morning.

Vipshop has lost market-share to Alibaba and JD.com but its last earnings report wasn’t that bad.

Vipshop’s total net revenue increased by 30.3% to RMB17.52 billion (US$2.58 billion) for Q2 2017 compared with net revenue of RMB13.44 billion in Q2 2016, primarily driven by the growth in the number of total active customers, repeat customers, and total orders. The Company’s revenue number fell short of analysts’ estimates of $2.60 billion.

Vipshop’s number of active customers for Q2 2017 increased by 22% to 28.1 million YOY. The Company’s total active customers for the trailing twelve months ended June 30, 2017, reached 58.8 million, representing a 32% YOY increase. For Q2 2017, Vipshop’s total orders had increased by 23% to 84.8 million YOY.

Vipshop’s current forward P/E of 10.4 times 2018 earnings could make the company a potential acquisition target.

Vipshop Stock

Vipshop stock

VIPS has a good setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at $9.13, a stop order could be placed below this zone. We notice that large players showed an interest for VIPS in the last couple of days, which is a good sign.

ProShares UltraPro Short QQQ Swing Long Trade

The ProShares UltraPro Short QQQ is looking like an interesting swing long trade. With QQQ up for some 9 days in a row, a swing move down is likely to occur. This will likely be a short one or two day hold only. I took a position in SQQQ this morning in my personal trading account.

ProShares UltraPro Short QQQ Chart

Notice the positive divergence on the Twiggs Money Flow where the price of SQQQ is hitting lower lows but the Twiggs Money Flow has made a higher low.

Large players volume has stopped falling but it’s still too early to tell if large players are going to step in and swing trade this.

Are you are looking to short the market on a swing trade like this or a VIX long play? Leave your comment below if you are.

To learn more about stock screening for positive divergences, go here.

Stock Screener For Pocket Pivots and Positive Divergences

I created a stock screener you can use to find pocket pivots and positive divergences between large players volume and stock price.

The goal of this stock screener is to get ahead of big moves in stocks by finding ones that are chopping out or trading sideways while the large players volume and Twiggs Money Flow are rising at the same time.
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Stocks With Bullish Money Flow 11-21-16

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 moving average but formed doji on 11/21/16, not a convincing break. If we have another up day, and the Twiggs Money Flow goes positive above the 0% line, $6 is next target, then $6.80. Nice to see Insider CEO and President Mark Pytosh buying on November 4, 2016, at $4.20.

iPath Bloomberg Livestock SubTR ETN Stock Chart

Comments: I don’t have a clue why cows are flying over the moon. Maybe it just got too cheap, and some are expecting food inflation down the road. I have no idea but money flow looks awesome.

ZAGG Inc Stock Chart

Comments: Up against the 200-day moving average (red line) at 7.36. If it breaks above 200-day moving average, next resistance is $8.20 area (red horizontal line). Forward P/E is 12.72. Excellent quarterly revenue growth of 86% YoY. Sales in 2015 were $269.3 million. Sales in 2016 are forecast to come in at $365.6 million, awesome!

Disclosure: I do not hold any positions in any of the stocks mentioned above.

Ryerson Holding Corporation Massive Twiggs Money Flow Divergence

A massive divergence has formed on the chart of Ryerson Holding Corporation. We have three months of a down trending stock while the Twiggs Money Flow has been uptrending.

We also have recent insider buying.

This stock is looking good as we wait for a pop. Resistance is at the 50 day moving average line at $11.05. If we get a break above the 50 day moving average, I think we run to the 150 day moving average at $11.80.

Disclosure: I do not hold any position in Ryerson Holding Corporation.