On the surface, the market appears to have shrugged off bad news and regained it's mojo. However, I remain in the camp of the cautious doubters in the short term, and will trade accordingly. New Ideas Adient PLC (ADNT), a manufacturer of auto seating, has broken out of an eight month rectangle. Possible target is …
Ideas – February 1, 2020
New Ideas What a difference a week makes. Last week's market activity was dominated by declining prices, including a lot of "breakout fake-outs". Which are never fun to deal with, but are an unavoidable part of participation in the stock market. This is when trade management skills pay off, not necessarily in terms of making …
Ideas – January 25, 2020
New Ideas Last week ended on a weak note, so let's start with a short. Comp De Minas Buenaventura ADS (BVN) has broken down out of a 10 month triangle. Potential target is 10.25. Consolidated Edison (ED) had a very strong break out of a symmetrical triangle. Utilities in general seem to be on a …
Ideas – January 19, 2020
New Ideas General comment before I get into the charts. On Friday, there were 857 new highs and 27 new lows. My first pass long list had over 200 stocks. The first pass short list had less than 30 stocks (the short list was dominated by oils and oil services). So even though the market …
Ideas – January 12, 2020
New Ideas Note - I have switched the order so that New Ideas are listed first, with a Review of last week's charts following. Alteryx (AYX) had a strong week, blasting through 40 week EMA and the upper boundary of a symmetrical triangle. It tested resistance formed by the base of the triangle. Possible target, …
The Chart Analyst 