Archive

Wk28: Stocks to Watch

July 13, 2009
Tim Racette
Watchlist

Sideways market action yields less momentum in individual stocks. We have not seen very many stocks giving quality entry signals due to this summer slowdown and decrease in volume. Earnings season is here, kicked off by aluminum manufacture Alcoa (AA) which reported its 3rd consecutive quarterly loss. Regardless, these are some of the stocks we are watching in the week ahead. LongICUI – Strong trend, waiting consolidation of the forming bull flag pattern.MMSI – Awaiting retest of last week’s breakout,…

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June09: Recap

July 6, 2009
Tim Racette
Monthly Recap

The markets put in a Doji for the month of June, not surprising after one of the largest bear market rallies ever. Small Cap and Tech acted relatively strong this past month. We will keep an eye on the SPY, DIA, QQQQ, and IWM volume as we anticipate a drift sideways or lower from here. If we do breakout, we will look to a spike in volume to confirm this rally. Remember your timeframe; a candle is not formed until…

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Wk26: Market Recap

July 5, 2009
Tim Racette
Recap

We saw no follow thru this week as a hammer was put in on week 26 of the S&P500 chart. Until the tail of week 26’s candle is broken to the downside we remain a sideways bias and believe that the bottom has been put in for the year. The summer slowdown is in full force and we should continue to see sideways trading.

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Wk27: Market Forecast

July 5, 2009
Tim Racette
Forecast

In the week ahead look for these news announcements to act as potential market movers…· Weds: EIA Petroleum Status Report 10:30 AM ET· Thurs: Jobless Claims 8:30 AM ET· Thurs: EIA Natural Gas Report 10:30 AM ET· Fri: International Trade 8:30 AM ET· Fri: Consumer Sentiment 9:55 AM ET Timothy Geithner Speaks Friday July 10 at 10:00 AM ET. Not much is happening in the week following the holiday. Often times we find trading following a 3-day weekend to be…

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Wk27: Stocks to Watch

July 5, 2009
Tim Racette
Watchlist

Most of last week’s stocks to watch pulled back nicely to support forming decent entry points, with the exception of RDY which took off and hasn’t looked back. The tech plays of GOOG, AMZN, and AAPL have begun trickling lower along with the NASDAQ. AMZN, while providing a nice 5 point rally, is currently acting relatively weak to the broader market so we will make note and continue watching its price action. It’s important to remember when trading that you…

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May09: Recap

July 5, 2009
Tim Racette
Monthly Recap

The month of May continued its bull rally, but on a smaller body candle and decreasing volume. The S&P500 saw the largest gain with the Russell posting the weakest gain. Watch for the move to run out of steam noted by a bearish or sideways candle.

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The NYSE Tick

July 2, 2009
Tim Racette
Market Internals

The NYSE Tick Index is a short-term trading index which takes the difference in up ticking stocks from down ticking stocks. Here’s a video of live trading with the NYSE Tick. For example: if there are 2000 stocks trading on the NYSE and 1500 trade higher from the previous price and 500 trade lower from the previous price the Tick Index will read +500 (1500 – 500). Using the NYSE Tick The Tick Index is a used to and validate…

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