"New America"

I hope this finds you well. I am on the run, but wanted to share some end of month (Jan. 2017) stock ideas. At least for your Watch List. You do have one I hope!

$LUV
$RCL
$URI
$CCL
$ORI
$LBRDK
$MTDR
$LVNTA
$PER

As always. Do your own "Due Diligence".

Remember. Talk is cheap & B.S. walks...

Cheers.

2017 BULL

As the inauguration creeps closer the overall market remains very Bullish. I believe the Financials will prove that soon with their Earnings...

$SPY Daily Renko: (Please mouse click on Chart to enlarge)

Overbought I can hear it already. SPY can remain over embedded "Overbought" and continue to rise.

$QQQ:

Recent Rounded Base (Cup) ans broke above the Pivot to the left. Very Bullish.

$IWM:

Long and strong here. 

Looking at all three Market indicators SPY, QQQ & IWM all are on Renko Buy or Bullish Signals. No need here to try and swim against the "tide". Once Renko reversal signals begin to set up. They will be posted here.

Happy Friday the 13th.

Cheers.

Happy New Year!

Wanted to take a look at 2016 in review. Pretty amazing! Simply using a monthly chart and SMA(50) Blue Line.

If you jumped in front of this bus you got crushed.

SPY:

IWM:

QQQ:

"Siberian Express" & Trade Idea(s)

Greetings and Happy Holidays!

When I break out the "Crock Pot" I really have confirmed Winter has arrived.  Next week the "Siberian Express" will be ready to romp across the U.S.

I have been scaling into this trade for over (2) weeks now. I am using Renko Chart which I rely on daily. If you follow my posts on Twitter or Tradingview.com for longer than a cup of coffee, you know I am a huge fan of Renko Charts & a mechanical set up. 

Breakpointtrades.com is where I learned this simple Renko set up. Props to them & their research.

The real "rubber meets the road" on this trade by using $UNG and or $FCG. 

$UNG Daily Renko:

Went on a BUY Signal on 4/13/16 & pushed UP. Pulled back & put in a Higher Low.  Now set to pop through resistance ahead of the "Siberian Express".... (Click on chart to enlarge)

FCG Daily Renko:

Offered a nice Buy signal on 11/15/16. As I hunker down for foul weather. I will have most of my position(s) here. Still offers value & continues to "Stair Step" upward.

Early "Stocking Stuffers"

I hope everyone had a Thanksgiving filled with joy and laughter. 

I had one too many turkey sandwiches and plenty of great NFL football!

I have posted a list of stocks on the move with solid volume.

Stocks on the Move:

$AMD
$VALE
$AKS
$X
$NVDA
$MENT
$CLF
$GGB
$TCK
$EXEL
$OCLR

I checked each on the above on the Daily Renko chart. They all pasted "muster" and remain on Buy Signals.

Example below of $MENT. Please click on chart to enlarge. Thank you Tradingview.com for the great charts!

$MENT

BUY Rules:

1. Stoch. crosses above 20% Line? Check. 
2. Parabolic SAR switch? Check.
3. Brick crosoes above EMA7? Check.


Happy Holidays. 

Tech. Sector = Bullish

I have been tracking the $SMH as it's broken out of a Base & confirmed. Additionally, $SOX is very Bullish. Please click on chart & it will enlarge.

Last, the Tech. Sector the last 5 days has been the market leader.

Earnings Season

Here we go again!  Earnings Season begins on 4/11/16, Monday. Many will be waiting for $AA to announce for alleged guidance.

Here is an interesting read prior to Monday:

Link:

http://www.investopedia.com/articles/stocks/08/earnings-tricks.asp

I am a trading fan of Price and Trend. You may want to tighten up the Moving Averages you use or focus on your most reliable Indicator.

This Earnings Season is suggested to be "weak". I suspect much of the "bad news" is already baked into price. So no need to panic here.

Our job is to manage risk.

Good luck.