The market continued its aggressive rebound from oversold conditions, but is butting up against the 1800 area as possible resistance. We completed our weekly Inter-market analysis, adding an important indicator (The ETF "SEA") which tracks companies whose fortunes are affected by changes in dry bulk shipping day rates. It gives credence to the idea that worldwide economic activity may actually be picking up steam.
But for now, we remain cautious with index pricing bouncing off lower lowers and are trading short term, half sized long stock positions and credit spreads. Tech and Healthcare continue to out-perform the greater market, as you can see in our sector analysis so we're looking for Very Bullish Chaikin Power Gauge Ratings meeting the rules of our trading plan.
We continue to watch HSP (Hospira Inc.) which is a medical products company. HSP currently meets 80% of our Chaikin check-list, which is our minimum to trade. However, we are waiting for the 10 / 40 EMA cross on the hourly charts before we pull the trigger.
We did enter a swing trade on the open today. WDC ( Western Digital Corp.) WDC gave an Oversold Buy signal on Chaikin Analytics; earnings are in the rearview mirror and we achieved a positive 10 / 40 EMA cross on both the Daily and Hourly charts. Track all of our trades here.
Marc Chaikin told us that for anyone who signs up for a FREE Chaikin Analytics trial we can release 4 of the stock selections he's made for his 2014 Model Portfolio. These are 4 of only 20 personal stock picks--companies poised to significantly outperform the S&P 500 this year. So why not sigh up.
But for now, we remain cautious with index pricing bouncing off lower lowers and are trading short term, half sized long stock positions and credit spreads. Tech and Healthcare continue to out-perform the greater market, as you can see in our sector analysis so we're looking for Very Bullish Chaikin Power Gauge Ratings meeting the rules of our trading plan.
We continue to watch HSP (Hospira Inc.) which is a medical products company. HSP currently meets 80% of our Chaikin check-list, which is our minimum to trade. However, we are waiting for the 10 / 40 EMA cross on the hourly charts before we pull the trigger.
We did enter a swing trade on the open today. WDC ( Western Digital Corp.) WDC gave an Oversold Buy signal on Chaikin Analytics; earnings are in the rearview mirror and we achieved a positive 10 / 40 EMA cross on both the Daily and Hourly charts. Track all of our trades here.
Marc Chaikin told us that for anyone who signs up for a FREE Chaikin Analytics trial we can release 4 of the stock selections he's made for his 2014 Model Portfolio. These are 4 of only 20 personal stock picks--companies poised to significantly outperform the S&P 500 this year. So why not sigh up.
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