After a Solid Up Day – Market Lower

The major averages closed Monday with some surprising solid gains after a rather rough week last week.

However, market is sharply lower this morning.

Could this be the start of another round of volatility?

Regardless, here is a one stock from my TrendLine SetUps WatchList, which am I monitoring today for a buyable breakout.

SEE TODAY’S COMPLETE REPORT HERE

 

After a Rather Rough Week – Market is Higher

After a rather rough week last week, market is higher on Monday.

As far as our individual stocks – there are growing signs of weakness, although much of it can be attributed to earnings announcements.

Earnings announcements have wreaked havoc on several of the TrendLine Portfolio Stocks.

Some examples are: PRLB plunged -22% on Thursday as company missed street 1Q forecasts.

Another victim of earnings was LKQ as it sold off Thursday and Friday.

RTN which broke out on Wednesday, then quickly sold off.

Then there is CYNO which also pulled back on Thursday, closing down -4% with a +69% increase in volume.

There are a handful of selections that remain at support.

PLAY,  EXLS, OSUR, and DOC

There are still some holdings showing strength, although they are extended…

AHS and ERI.

Our ORIT was included in the list in Friday morning, yet did sell off that day just more than -1% wiht a +27$ increase in volume. One day of weakness does not trigger a sell signal. However, this action should be noted.

Some resilience can still be found in: ORA, UNH, VLRS, and HII.

Stocks which triggered a sell signal last week include:

Our TXRH on Thursday as shares closed well below the 50-day moving average ($42.21) and below the previous lows.

Also, XRAY broke support of its 50-day moving average on Friday.

Here is a one stock from my TrendLine SetUps WatchList, which am I monitoring today for a buyable breakout.

SEE TODAY’S COMPLETE REPORT HERE

 

SUN 5/1: MaxLinear, Inc. (MXL – NYSE) – PORTFOLIO UPDATE

PROFILE: MaxLinear, Inc. provides integrated, radio-frequency (RF) and mixed-signal circuits for broadband communication and data center, metro, and long-haul transport network applications worldwide.

This leader was first added to my High Ranked Leaders Watch List in the Feburary 7th edition of my weekly newsletter – The Sunday Stock Report.

This stock broke out on 3/4 as shares traded above the TRIGGER PRICE of $17.85 while the day’s volume was well on pace to make the TRIGGER VOLUME. This bullish action always confirms a BUY signal for any stock which is on the High Ranked Leaders Watch List.

MXL050116

Charts courtesy of StockCharts.com

Later that day MXL did trade back below its TRIGGER PRICE. This rarely happens. Continue reading SUN 5/1: MaxLinear, Inc. (MXL – NYSE) – PORTFOLIO UPDATE

2 BreakOuts – 2 Stocks From My Watch List

After closing down last week, the major averages closed higher this past week.

We continued to swap up weeks for down weeks for a fifth week as the S&P 500 and Dow each notched new 2016 highs.

Stocks found broad support from better-than-feared corporate earnings, which helped limit declines.

On Sunday, some big oil meeting supposedly didn’t go so well. Hence, oil is down and that will weigh on the market as it has done previosuly.

Again, we are more focused on individual stocks…

No new watch list additions today.

We had a pick up in the number of breakouts recently.

Any stocks which breakout on volume remain cautiously buyable, as we have to give them the benefit-of-the-doubt.

As I say – If stocks are breaking out, something good must be going on.

Here is an update on the breakouts from the Technical SetUps WatchList had last week.

1) Orthofix International N.V. (OFIX – Nasdaq)

PROFILE: Orthofix International N.V., a medical device company, provides reconstructive and regenerative orthopedic and spine solutions to physicians worldwide.

On March, 23rd, this selection was added to the Technical SetUps WatchList. Shares broke out (+2.9%) and clearly triggered a technical buy signal on this past Thursday. They continued to advance the following day, before closing the week at a new all-time high on Friday (+2.5%).

LATEST ANALYSIS: For those who bought this breakout, Friday’s advance did lack solid conviction as the volume was only about average. May be no real concern as volume was lower in many stocks as well. From here, any above average volume declines would be the first negative sign to watch out for. Our 1st SUPPORT would be the previous highs near $42, and a break below there would a technical violation. Below there support is at the 50-day moving average, which is currently at $39.89.

OFIX041716

2) II-VI Incorporated (IIVI – Nasdaq)

PROFILE: II-VI Incorporated develops, refines, manufactures, and markets engineered materials and opto-electronic components and products worldwide.

LATEST ANALYSIS: On Wednesday morning, this stock was added to the Technical SetUps WatchList . Shares broke out the following day as they traded above the stock’s TRIGGER PRICE of $22.28 while the day’s volume was well above average (+23%). There was a pull back on Friday, and that is only a bit of a concern as the volume was much lighter, being only -36%.

From here, more above average volume gains would be technically encouraging, while any contined declines would be a growing concern. We may have to see how shares behave if they pull back to support of the 50-day moving average ($21.05).

IIVI041716
Here are a two stocks from my TrendLine SetUps WatchList, which am I monitoring for a buyable breakout.

 

CONTINUED HERE

 

After a Solid Up Day – Futures Hold

As we all witnessed the major averages closed at their highest levels for 2016 yesterday.

We had a clear breakout in SINA as shares traded above their TRIGGER PRICE  while volume also made our TRIGGER VOLUME hurdle. This bullish action always confirms a BUY signal for any stock from our watch list.

I ran my usual stock screens, and was able to add one new stock to the TrendLine SetUps Watch List.

All of the watch lists are included in this morning report.

Tues 4/12: Market Makes Negative Reversal as Rally Weakens

Also, it is now earnings season.

As we know, earnings announcements are the trickiest of times for a holding. The most stable and sound stocks can experience severe volatility around the time of a release of such fundamental significance. Even when a good company reports good numbers or gives good guidance, it seems shares can still be negatively affected.

We include the earnings date in our StockTables for each stock we are covering. Keep in mind that in some cases this date is just an estimated time of release as some companies may have not yet announced when they will specifically post their quarterly results. For your particular stocks, please be sure to check a source such as YahooFinance or even the company’s website to see if there has been an official press release sent out which states the date and time management plans to make their announcement.

Regardless of any stock’s particular condition, it is always going to be difficult to hold a position through an earnings announcement. The most risk averse investors may want to simply take their profits, or cut loses, before the news hits.

This morning, I did not add any new stocks to any of our watch lists.

All of the watch lists are included in this morning report.

Today’s WatchLists CONTINUED HERE

MON 4/11: Futures Up – 4 New Watch List Additions

After just booking their best month of the year, the major averages closed out the worst week since early February.

It became a somewhat volatile week, as even with Friday’s up day, the market failed to lock in the gains sparked by a crude-oil rally earlier in the week.

At this point, the Blue Chips are just starting to dip into the upward trendline which they cleared during the previous week.

Today’s WatchLists CONTINUED HERE

Today’s Stock WatchList: Morning Update – 4/9/16

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NEW! – Today’s Stock WatchList: Morning Update – TEST TEST TEST 

 

 

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 *Any stocks highlighted in yellow looked the most poised to possibly trigger today.


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James F. Taulman – For more than 8 years James had served as Editor-in-Chief an independently licensed website that offered stock reports and services based on the CAN SLIM® investment system.

He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy. Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace.

Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks.

He now runs his own premium investing report service through his new website where he publishes several reports, including his Sunday Stock Report. This report highlights only what he considers to be the best-of-the-best set ups for both long and short investors. Trigger prices are given for each stock he selects along with on-going follow up commentary that alerts readers to sell signals.

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