*** These days I post my charts/thoughts on http://www.stocktwits.com under the same user name BreakoutTrader *** "Charts are worth a million words." - Ralph Acampora "Having learned what folly I was capable of, I closed that particular incident." - Reminiscences of a Stock... More
Jim Cramer, the CNBC host of Mad Money show, publishes his game plan on each Friday for the following week in which he comments on the stocks he will be watching.
In this series of "Rating Cramer's Game Plan Stocks" posts, I will comment on the stocks in Cramer's game plan in terms of the stock's strength relative to the market as represented by the S&P 500 index and the Dow Jones industry index the stock is in.
These relative strength related comments are based on weekly charts and strength indicator I have developed for my own trading.
Each chart for a stock includes three panes: the top pane shows the recent price action of the stock, the middle pane shows the strength of the stock compared to its sector, and the bottom pane shows the strength of the stock relative to the market index S&P 500.
The price action pane for a stock usually will include white lines showing recent support and resistance as well as trends identified by Andrew's pitchfork technical indicator. Due to the nature of mass psychology and human behaviors, a stock's support and resistence is best viewed as an area, not just a single value or a line. Therefore, the white lines for support and resistance should be interpreted as an approximation for an area. The same can be said about the trend lines.
Anyone who spends considerable amout of time pouring over the charts and trying to make some sense out of the price actions will appreciate the imprecise nature and the artistic apsect of technical analysis. Readers of this series of posts should therefore keep in mind that I may not have identified all possible trends and support and resistance areas. And sometimes for clarify reasons I may even omit some lines.
A stock's strength is plotted as a solid while color line while the index is plotted as a solid cyan color line in the lower two panes. In the case when the two lines are very close due to small strength difference between the stocks and the indexes, dots will be used instead of the while lines. Green vertical bars in the relative strength panes show the weeks when the stock begin to outperform the index while red vertical bars mean underperforming the index. Review of Crammer's Game Plan Stocks For The week of 1/9/2012. Alcoa (AA) Dow Jones US Aluminum Index (DJUSAL): underperform the index since the week of 10/24/2011 S&P 500 Index: underperform the index since the week of 7/11/2011
Regeneron(REGN) Dow Jones US Biotechnology Index (DJUSBT): outperform the index since the week of 1/2/2012 S&P 500 Index: outperform the index since the week of 1/2/2012
Celgene (CELG) Dow Jones US Biotechnology Index (DJUSBT): underperform the index since the week of 1/2/2012 S&P 500 Index: underperform the index since the week of 1/2/2012
Lennar (LEN) Dow Jones US Home Construction Index (DJUSHB): outperform the index since the week of 9/19/2011 S&P 500 Index: outperform the index since the week of 10/3/2011
Macy's (M) Dow Jones US Broadline Retailers Index (DJUSRB): outperform the index since the week of 10/10/2011 S&P 500 Index: outperform the index since the week of 9/5/2011
TJX Companies (TJX) Dow Jones US Apparel Retailers Index (DJUSRA): outperform the index since the week of 11/14/2011 S&P 500 Index: outperform the index since the week of 6/13/2011
Ross Stores (ROST) Dow Jones US Apparel Retailers Index (DJUSRA): outperform the index since the week of 10/31/2011 S&P 500 Index: outperform the index since the week of 8/1/2011
Domino's (DPZ) Dow Jones US Restaurants And Bars Index (DJUSRU): underperform the index since the week of 1/2/2012 S&P 500 Index: outperform the index since the week of 2/21/2011
JP Morgan's (JPM) Dow Jones US Banks Index (DJUSBK): outperform the index since the week of 12/26/2011. S&P 500 Index: outperform the index since the week of 12/12/2011
Disclosure: I do not own any of the stocks in this article, and do not plan to initiate any positions in the next 72 hours. I receive no compensation to write about any specific stock, sector, or theme.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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Rating Cramer's Game Plan Stocks: Week of 1/9/2012 0 comments
Jim Cramer, the CNBC host of Mad Money show, publishes his
game plan on each Friday for the following week in which he
comments on the stocks he will be watching.
In this series of "Rating Cramer's Game Plan Stocks" posts,
I will comment on the stocks in Cramer's game plan in terms of
the stock's strength relative to the market as represented by
the S&P 500 index and the Dow Jones industry index the
stock is in.
These relative strength related comments are based on weekly
charts and strength indicator I have developed for my
own trading.
Each chart for a stock includes three panes: the top pane shows
the recent price action of the stock, the middle pane shows the
strength of the stock compared to its sector, and the bottom
pane shows the strength of the stock relative to the market
index S&P 500.
The price action pane for a stock usually will include white lines
showing recent support and resistance as well as trends identified
by Andrew's pitchfork technical indicator. Due to the nature
of mass psychology and human behaviors, a stock's support
and resistence is best viewed as an area, not just a single value
or a line. Therefore, the white lines for support and resistance should
be interpreted as an approximation for an area. The same can
be said about the trend lines.
Anyone who spends considerable amout of time pouring over the
charts and trying to make some sense out of the price actions will
appreciate the imprecise nature and the artistic apsect of technical
analysis. Readers of this series of posts should therefore keep in
mind that I may not have identified all possible trends and support
and resistance areas. And sometimes for clarify reasons I may
even omit some lines.
A stock's strength is plotted as a solid while color line while the
index is plotted as a solid cyan color line in the lower two panes.
In the case when the two lines are very close due to small strength
difference between the stocks and the indexes, dots will be used
instead of the while lines. Green vertical bars in the relative strength
panes show the weeks when the stock begin to outperform the
index while red vertical bars mean underperforming the index.
Review of Crammer's Game Plan Stocks For
The week of 1/9/2012.
Alcoa (AA)
Dow Jones US Aluminum Index (DJUSAL): underperform
the index since the week of 10/24/2011
S&P 500 Index: underperform the index since the week of
7/11/2011
Regeneron (REGN)
Dow Jones US Biotechnology Index (DJUSBT): outperform
the index since the week of 1/2/2012
S&P 500 Index: outperform the index since the week of
1/2/2012
Celgene (CELG)
Dow Jones US Biotechnology Index (DJUSBT): underperform
the index since the week of 1/2/2012
S&P 500 Index: underperform the index since the week of
1/2/2012
Lennar (LEN)
Dow Jones US Home Construction Index (DJUSHB): outperform
the index since the week of 9/19/2011
S&P 500 Index: outperform the index since the week of
10/3/2011
Macy's (M)
Dow Jones US Broadline Retailers Index (DJUSRB): outperform
the index since the week of 10/10/2011
S&P 500 Index: outperform the index since the week of
9/5/2011
TJX Companies (TJX)
Dow Jones US Apparel Retailers Index (DJUSRA): outperform
the index since the week of 11/14/2011
S&P 500 Index: outperform the index since the week of
6/13/2011
Ross Stores (ROST)
Dow Jones US Apparel Retailers Index (DJUSRA): outperform
the index since the week of 10/31/2011
S&P 500 Index: outperform the index since the week of
8/1/2011
Domino's (DPZ)
Dow Jones US Restaurants And Bars Index (DJUSRU):
underperform the index since the week of 1/2/2012
S&P 500 Index: outperform the index since the week of
2/21/2011
JP Morgan's (JPM)
Dow Jones US Banks Index (DJUSBK): outperform
the index since the week of 12/26/2011.
S&P 500 Index: outperform the index since the week of
12/12/2011
Disclosure: I do not own any of the stocks in this article,
and do not plan to initiate any positions in the next 72
hours. I receive no compensation to write about any
specific stock, sector, or theme.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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