After a Sell Off Yesterday – Market Opens Morning Lower

What little hope Monday’s “up” day gave to the life of this rally has faded after yesterday’s sell off and now an opening lower for Wednesday.

Add to that – the institutional players continue selling, and we always want to be in-step with these market movers.

Between companies making earnings announcements, coupled with the weakening and some volatility in the general market, our stocks continue to get shaken up.

Here is a morning run-down of our TrendLine SetUps Portfolio:

Our RTEC  (P/L: +4.1%) made decent gains yesterday, however the advance came as the company announced earrings.

Stocks which are holding up near highs: DHR (P/L: +1.0%), SINA (P/L: -1.8%), LYTS (P/L: +3.1%), SONC (P/L: +1.6%), WTS (P/L: +3.42%), DW (P/L: +4.8%), ERI (P/L: +27.8%), UNH (P/L: +10.4%), VLRS (P/L: +22.1%).

Then we have ORA (P/L: +16.6%), AHS (P/L: +16.4%) are starting to pull back from their highs.

Selections which are at or nearing support include: RTN (P/L: -2.7%), TMUS (P/L: -1.8%), LKQ (P/L: +1.5%), OLED (P/L: +5.6%), PLAY (P/L: -0.2%), XRAY (P/L: +1.0%), SEP (P/L: +1.8%), ORIT (P/L: +2.3%), HII (P/L: +13.4%), OSUR (P/L: +6.9%), DOC (P/L: +7.3%)

This is while CYNO (P/L: +4.5%) is showing continued weakness.

Earnings continue to be a factor as COTY (P/L: -4.6%) and INCR (P/L: -0.5%) sold off while announcing. The later also had a downgrade.

MXL  (P/L: +7.4%) sits just under its 50 DMA.

EXLS (P/L: +3.7%) triggered a sell signal on Monday.

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

SEE TODAY’S COMPLETE REPORT HERE

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

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.