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  • Consumer Stocks To Take A Hit: Be Warned As Bubble Index Begins The Turn

    Consumer inflation is on the uptick esp in the developed world. Bubble ETF like the Biotech ETF are nowhere near their previous highs of 170. The current uptrend has not only paused but a tiny downward move has begun. The first signs of a correction begins with investors fleeing the bubble stocks.

    The bio tech ETF making the downward turn at 150.

    The financial stocks are in a penant formation but downward move could pickup once the 22.5 level gives way.

    The Consumer index has already broken its uptrend line and now waiting for further pickup in momentum if the current price does not attract buyers.

    You have been warned.

    Our portfolio is geared to take advantage of the coming correction which may be shallow as it looks now but could gain momentum on the downside if investors panic later in the year.

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    Tags: XLF, XLP, XBI
    Jun 27 11:09 AM | Link | Comment!
  • Stocks Forming Cup And Handle: Catch Them Early

    Cup formation are potentially good trades when taken with the risk reward. Here we explore two such stocks which are in early stages of a cup formation. The least they should be on your watchscreen.

    (click to enlarge)Red Hat is forming a cup (early stage). Its a high risk trade but a long to 60 with a stop under 53 is a good trade.

    Akamai Tech is much further in cup formation and nearing a breakout at 64. Watch the volumes if it does break 64 in which case it is a good long above 64 with stops under 62 for 68 as target.

    Check it out

    Tags: RHT, AKAM, Technology
    Jun 25 10:24 AM | Link | Comment!
  • Daily Setups 24 June 2014: Stocks Hitting New 3 M Lows
    Stocks with 3 month lows: $TSCO, $PVH, $PG, $CAG

    $COH: Coach Inc

    $PG: Proctor Gamble

    $PVH: Philips Van Heusen

    $TSCO: Tractor Supply


    Jun 24 12:40 PM | Link | 1 Comment
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