Seeking Alpha

Jeff Pierce's  Instablog

Jeff Pierce
Send Message
I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
My blog:
View Jeff Pierce's Instablogs on:
  • Healthcare Sector In Focus

    By Jeff Pierce

    Keep your eyes on the healthcare sector in the coming 3-6 weeks as this could provide some decent swing trading opportunities. Nearly all of these charts have had follow through since their breakout, but I want to see additional strength on these daily charts before I attempt to buy a pullback.

    Below are the 5 stocks I like the best in this sector.

    Hca Holdings, Inc - Earnings Surprise | FindTheBest

    Healthsouth Corporation - Earnings Surprise | FindTheBest

    Lifepoint Hospitals, Inc - Earnings Surprise | FindTheBest

    Tenet Healthcare Corporation - Earnings Surprise | FindTheBest

    Universal Health Services, Inc - Earnings Surprise | FindTheBest

    Aug 01 10:48 AM | Link | Comment!
  • S&P Has Topped For This Daily Cycle

    By Poly

    This is an excerpt from this week's premium update from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly. Now offering monthly & quarterly subscriptions with 30 day refund. Promo code ZEN saves 10%.

    The S&P has been invincible of late, but I believe its days are now numbered. Of course, I'm talking strictly about this current Daily Cycle only, as we all know too well that the longer term trend is in a runaway or parabolic like state. In fact, I'm confident that the S&P has already topped for this Daily Cycle, in theory having spent the past 2 weeks consolidating via a sideways and narrow trading range.

    Already onto Day 34 of the Cycle, just 6 sessions away from a standard DCL, the S&P has managed to hover around the all-time high levels, while the asset moves closer towards oversold levels. It is interesting how it can do that, time and time again, to remain near record highs while the technical indicators clearly show the S&P moving towards a Cycle Low. Because this is yet another strong Right Translated Daily Cycle, we have to somewhat ignore the stretched (in terms of length) nature of the Investor & Yearly Cycles and go on to say that I expect yet another all-time high (above 2,000) in the next Daily Cycle.

    But before the S&P sees 2,000, we should expect a move lower first, a fast drop over the next 4-7 sessions to mark the next DCL. But yet again, the bears will be drawn in by the allure of a potential major top, only to be fleeced as the DCL becomes yet another "buy the dip" event. Of course, it can't and will not last indefinitely, contrary to what many now want to believe. The next buy the dip event could well be the last for some time, as the next DC leads the S&P over 2,000 and towards a final spike for this great Yearly Cycle.

    (click to enlarge)

    Related Posts:

    Few Believe Gold Can Shine

    Disregard Fundamentals In The Short Term

    Cycle Counts For US Dollar

    Tags: SPX
    Aug 01 10:04 AM | Link | Comment!
  • Strength In Aluminum Stocks Good For Markets

    By Jeff Pierce

    AA and CENX showed up on my momentum scans today not because they had big moves, but because the overall strength of their trend is so strong. It's generally a good thing for the general markets when this sector is doing well and we can often expect the markets to continue to rise. Trends don't turn on a dime and while in the short term they may be a little overbought these trends can go on for far longer then we can imagine.

    AA - with a weekly RSI of 88 this is definitely overheated. A pullback in the $13-14 range should be the perfect area to add to this if you were wanting to buy this stock.

    CENX - same deal as above, but look for a pullback to the $14-14.50 range.

    Weekly charts of Dow Jones and Aluminum stocks

    Jul 24 9:11 AM | Link | Comment!
Full index of posts »
Latest Followers


More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.