From Tze (2011-07-29):
Stocks Highlighted for today 2011-07-29 (You can download the Excel model with model date 2011-07-01 file here: StockModelFile_20110701):
BAC (Bank of America) – Ranking score: +2.35 Slightly Bullish
MS (Morgan Stanley) – Ranking score: +2.09 Slightly Bullish
GS (Goldman Sachs) – Ranking score: +2.06 Slightly Bullish
JPM (JPMorgan) – Ranking score: +1.88 Slightly Bullish
C (Citigroup) – Ranking score: +1.08 Slightly Bullish
GG (GoldCorp) – Ranking score: +0.84 Slightly Bullish
NEM (Newmont Mining) – Ranking score: -2.89 Bearish
AUY (Yamaha Gold) – Ranking score: +1.80 Slightly Bullish
You can use the INO trend analyzer below as a comparison to FocalEquity’s stock scores.
Morning Tze. Yesterday you said that ERY was strong on your charts. It is down about fifty cents, but looks attractive to me now. Notice on my chart the candle printed on early last Friday? It reversed sharply at 14.58. We came back down to this level(a penny below) today. I took a small position when it didn’t break at 14.60. I set my stop at 14.52. It has since retested that point. If it tries a third time it will probably break. Still, I think this is a low risk trade. What do you think? Also, I drew a second line of resistance(support) at 14.81. If we can break that I will add to my position. I have set a target at 16.37.
Good morning Brownie. The main problem right now is that everything is so correlated with the USD and those model signals can quickly be distorted. Energy stocks like XOM and CVX, which are components of the R1 Energy index that ERY is based off. $16.20 ish would be a reasonable target. Setting that tight stop at 14.52 is a good idea.
Agreed on the USD. And the chart below on USD doesn’t look good for my trade. Perhaps a short on the USO would have been better. Look how nicely it held the resistance line. If my stop on ERY isn’t taken out and it can’t break 14.81 by end of day I will exit.
definitely an ugly break on the USD Index. We might just go ahead and retest that previous low, which means oil along with other commodities should rally a bit. But economically speaking oil is not sustainable at $100 or beyond given this economy.
Just got stopped out for a small loss. I did sell the second half of my FXI calls for a small profit. Still under FAS puts by about 40%. 90% cash now.
Thanks for the update. I know it’s the holidays but we should get more people here.
Hi Tze,
I haven’t been on the site for a few months. When I try to click on the linke “FocalEquity Blog” it doesn’t go anywhere. Is there still that blog that used to be on the site with all the comments?
I mean what used to be the “Intraday commentary”.
Hey mind the gap,
Yea you are right. FocalEquity Blog and Intraday are the same thing. You just submit your comments in any blog post you like and people will be able to see them. FocalEquity has been very prolific since we got inthemoneystocks on board. That together with my stock and ETF model, there is really a wealth of information on the site everyday. Hope you can benefit from it.
Wow look at EEE it is on quite a run today! Glad I held it.
Patience pays off
Most usually does. Now the question is does it break the resistance of 2.00 and keep going up? Sell now and get the money bck or go with the flow?
Yea it’s hard to say. In normal circumstances, you would need to lock in profits after a 7% up day.
XOM (Exxon Mobil) – Ranking score: 1.13 Slightly bullish
BTU (Peabody) – Ranking score: 0.61 Slightly bullish
ANR (Alpha Natural Res): Ranking score: 2.35 bullish
JRCC (James River Coal):Ranking score: 1.57 bullish
PCX (Patriot Coal):Ranking score: 1.11 bullish
YOKU (YOKU): Ranking score: 3.68 very bullish
DANG (ecommerce China): Ranking score: 3.66 very bullish
GOOG (Google): Ranking score: 1.70 slightly bullish
BIDU (Bidu.com): Ranking score: -5.06 very bearish
NFLX (Netflix): Ranking score: -8.01 very bearish
AMZN (Amazon): Ranking score: -2.54 bearish
GS (Goldman Sachs): Ranking score: 2.06 bullish
JPM (JPMorgan): Ranking score: 1.88 bullish
Hope you guys are taking advantage of the stock model.
Check out our fantastic debt ceiling article.
COP (ConocoPhillips) – Ranking score: +0.43 Neutral
CLF (Cliffs Natural Resources) – Ranking score: -0.26 Neutral
X (United Steel) – Ranking score: +2.22 Bullish
BAC (Bank of America) – Ranking score: +2.35 Slightly Bullish
MS (Morgan Stanley) – Ranking score: +2.09 Slightly Bullish
GS (Goldman Sachs) – Ranking score: +2.06 Slightly Bullish
JPM (JPMorgan) – Ranking score: +1.88 Slightly Bullish
C (Citigroup) – Ranking score: +1.08 Slightly Bullish
GG (GoldCorp) – Ranking score: +0.84 Slightly Bullish
NEM (Newmont Mining) – Ranking score: -2.89 Bearish
AUY (Yamaha Gold) – Ranking score: +1.80 Slightly Bullish
I am just waiting for the market to make another miraculous comeback EOD. Nothing but a game. People are just being set up as usual. IBM will come out with stellar earnings after the bell and AAPL will follow the same tomorrow and market will be off to the races again. JMHO
The market could start dumping if the debt ceiling deal is not resolute enough. For example, the ceiling is raised but only enough for another year or two, not a long term solution.
Well the long term solution is what the real problem actually is. They will get the debt ceiling passed but what they are worrying about is #1 how the heck they ever gonna pay it back #2 they do not have a long term solution until economy gets out of depression #3 ONLY UNTIL BACKBONE OF ECONOMY, WHICH IS HOUSING, comes back and in turn jobs come back will there be any chance at all to increase taxes and revenue to help pay the debt back(which will never ever happen as far as paying back debt) #4 If eventhough they get debt ceiling passed will the USA credit rating fall. If it does fall then it will cost even more in interest which is already astounding. Outside of that glorious scenario of our markets I would have to say GOLD is the play. JMHO
What is going on with ANW? It is diving like a rock with new year lows @ $5.92! Everyday for the last week has been new year lows. Could this company be going BK?
Now down to 5.81!! Holy sheet it is going down. This ship is going to the bottom.
Yea this company is destroyed by the Greek debt woes. It no longer has anything to do with valuations.
In my estimation chances are great that this company goes BK it is all done the rats are jumping ship mighty fast almost a million shares traded.
All of a sudden strong buys coming in @ 5.85 looking like this was a major short. Something is up here.
I think this stock has potential at least a couple rounds of dead cat bounce/short covering rallies. If it drops to like $1 to $2, I think it might be a great buy for the long term unless Greece really goes under.
All I know is it is in a major falling knife position and don’t be surprised to see it close under $5.50. Once the news comes out with it this stock will be sub $1.00 if not out of business. Get out while you can it is a major loser.
I am not in any PIGS (Portugal, Italy, Greece and Spain) stocks. The systematic risk is too high. Why risk your money when you have solid companies like AAPL here in the US? AAPL is on track to become the world’s biggest company by market cap
By the way Dsavill, what happened to all the people? Any way you can help to mobilize. I can update my model more frequently if people actually find it useful
Sun I have no idea where everybody went. You are doing a great job with the site. Maybe everyone lost all their money and gave up.
i don’t think so. I think we need to have new blood on this site. Perhaps you can help mobilizing people via Social Media or other means.
Today is the worst day I have had in over 2 years. All the shorts are kicking in with ANW and the computer driven sales are just absolutely crucifying this stock.
I would stay away from PIGS for now. The worst is far from over for Europe.
Well of course but if you were in them before all this mess ur screwed.
Ok here is the news with ANW. They plan on repurchasing shares. This might spur the price back up again let’s hope so. Any thoughts? http://www.prnewswire.com/news-releases/aegean-marine-petroleum-network-inc-announces-share-repurchase-program-125912613.html
Selling is still too high. Any rally in this stock is quickly followed by selling. It’s still a falling knife now. We need to have clarity on Greece.
They are talking about having the relief for debt to go over a longer time frame instead of 7 yrs they want to make it 15yrs. I believe that will calm the waters there and things will get back to more of a normal situation. Everyone realizes that the global contasion is just too risky for the financial markets and so they will start over there to get it at least under control with a possible goal to get it worked out. As a result you can see today how the markets are responding with this rally.
As for ANW it will eventially make its way back up and is a longterm hold for now and with the company willing to repurchase shares back up to 2 million that will at least give it some kind of support. JMHO
yea I am not sure about the feasibility of the rescue plan. Handing the bailout responsibilities to private sector just shows that the governments around Europe are all broke.
Buy-and hold is the new era guys.
Trading is dead.
Have you not heard?
Buffet style investing is going to give investors some of the greatest gains in the next 2 decades.. Look at current economic trends of small-cap outperformance to large cap.. They are basis points away from the historical average..
Large cap long.
Hold 20 years
Profit, retire.
I disagree. That time will come but not now.
EEE is having a nice run today so far.
Nice pop. 10%
Hi Everyone..Newby here..interesting site. I just posted a piece on my blog if you are interested..”what if” talking about what wall street is not pricing into the markets..the “what if” factor. Enjoy
http://marketspath.blogspot.com/
Hey mpath,
Thanks for stopping by. We encourage you to come to our site more often. Let me know if you are interested in doing a link exchange.
Hi, Tze
Please help look like MGM, from the chart, in the long term, it is still in up channel, but in the short term, it needs a pull back soon, I think LVS earning is a good point to pull back MGM. considering load some MGM put, for 1-2 days trade.
How about this idea, waiting for your thoughts. THanks
I will post something on MGM here shortly. Thank you for stopping by. It has been quite on this site lately but the site has gone through many changes
I can received the reply message through email. But I did not receive the reply yesterday. Is this feature cancelled?
How can I see your Post, is it public?
I haven’t posted anything yet. We are in the process of adding new features to this site. Thanks for your patience.
Well the dollar fell along with the market today which doesn’t happen very often.
The dollar is being trashed no matter what right now as long as the debt/downgrade issue is not put behind us. This really stinks.
Hi, FocalEquity
I am focusing on SLV, from SLV and ZSL chart, I think it is time to short SLV, it should down to $35.00 level. any suggestions is appreciated.
Akira
The trend for SLV is solid right now. I have no basis to short it. Also, I need to update my ETF model and get back on track.
Yes, I agree, the SLV still in strong up channel from weekly chart, I just want to short it for a very short pull back.
Sounds too risky to me. I need to coordinate the model with my other signals. Updates will be coming soon.
Actually, from my weekly chart, i see a bearish dark cloud cover for this week so far, and last week was spinning doji, kinda bearish and potential trend changing, imho.
Keep in mind you can share your charts on this blog. Thanks for the comment. Definitely a good environment good stock pickers. Apple is about to become the world’s biggest company by market cap. what a run
Kingakira,
I think SLV will remain in the 38 to 40 range for a while. It’s hard for it to break out or collapse as long as the current debt ceiling is not resolved. Anyways, I still need to update my models both the ETF and stocks and put out some meaningful analysis for you guys. Thanks.
Hi Tze,
One thing I would like to see included on the topics for the day is to post the time. The date is posted but we don’t know if it is posted pre-market, intra-day, or after the close on that particular date. Just my 2 cents. Keep up the good work.
Alice
Thanks Alice. I will start doing that.