Friday, May 18, 2012

Daily pick

GOOG - Bounced off 200 day and now above 50 day
QCOM- At 200 day support
IBM - At price support - triple point
INTC - Previous Low support
ARMH - Previous price low support
MMM- Previous low support - 2 points
COST - 200 day support
KO - 50 day support
BA - 200 day support
KMP- 200 day support
SAP - 200 day support
AA - Previous low - triple support
POT- At previous low
CELG - 200day support
IMPV - Previous price support
RAX - gap support

Monday, April 16, 2012

AET buy point


cop - Buy point


CJES - Triple bottom - Buy point ?


APPL, PCLN has a big down day today

This is in addition to current market weakness noted by
1) IBD put the market pulse in "Market in correction based on the number of distribution days
2) Divergence in A/D ration
3) Major markets broke 50 day MA and broke uptrend lines

There Is a Difference Between Knowing and Doing

Good article from
http://ivanhoff.com/2012/04/10/there-is-a-difference-between-knowing-and-doing/
There Is a Difference Between Knowing and Doing
Empathy gap is the main reason behind most trading mistakes. Empathy gap is the difference between how you believe you will act under certain circumstances and how you actually act when the time comes.
For example:
- I want to grab that stock on a pullback to its rising 50-day moving average and then do nothing when the moment comes;
- I will buy this stock when it breaks out of this range on volume and when the time comes you don’t buy it, because the stock jumps 5% the minute it breaks to new high. You wanted to pay $50.25 and at $52 suddenly seems expensive. Then you watch it go to $60;
- I will short the crap of that stock when it loses that $100 support, but when it does, you don’t do anything;
- I am not going to chase that stock here. It is too extended and the risk to reward is not worth it and yet you still buy it because everyone you know is making tons of money in it;
- I will stick to my hard stops next time…
Most market participants have incredibly short-term memory. Greed and fear have the power to erase even the most well thought out plan and make the smartest people behave silly.
Ignorance is not the main hurdle. A lot of people have excellent understanding of how market works and what their biases are, but yet very few are able to put that knowledge into practice. It is the difference between knowing how to lose weight and doing it, but 10 times harder. This is why so many successful people are not afraid to share everything they know – the “secret” to their success. Most people will never put the efforts and the time to consistently apply that knowledge in their everyday trading/investing process. It is human nature.

Monday, January 16, 2012

UEC - Uranium

Chart analysis : change in trend. also cross 20, 50 ,200 mov avg with volume
Outstanding Investments is still the top-performing investment letter over the past ten years among the 180-plus followed by the Hulbert Financial Digest, up a startling 18.1% annualized vs. 3.80% annualized for the dividend-reinvested Wilshire 5000 Total Stock Market Index XX:W5000FLT -0.52% .
King is even bullish on uranium. Recommending Uranium Energy Corp. UEC -0.58% , he writes:
“In 2012, we’ll see what North America’s newest uranium producer can accomplish… the broad uranium sector is robust. Pricing is firm, and due to strengthen as the uranium sector nears major supply shortages and higher prices. UEC is positioned to increase production at low costs.”

Sunday, January 15, 2012

FDX- Fedex

Chart analysis : Breakout with volume

Morningstar Picks GE, FedEx as Best U.S. Industrials for 2012

FedEx (FDX) could benefit as its ground shipment business expands, and its freight business picks up. “Last year, ground produced more than triple express’s operating margin, and we expect the freight segment performance to continue to improve from the recent past, as well. Freight constitutes 12% of total sales–a material part of the franchise.”

POT - Entry point

 Chart notes:
 Break from the downward trend line. Also an inverse head and shoulder pattern breakout. above 20 day and 50 day moving avg.
 
PotashCorp
P/E: 10
Estimated 2012 Earnings: $3.9 Bil.
The world's population is expected to grow by 44 percent through 2100, which means an additional 3 billion mouths to feed. That math works in favor of Potash Corporation (POT: 44.74, 1.29, 2.97%) of Saskatchewan, the Canadian maker of a fertilizer component that helps increase crop yields. PotashCorp is the world's largest supplier of the potassium compounds commonly called potash. The company enjoys a strong competitive position in this concentrated industry: Potash is produced in only 12 countries globally, and a new potash mine costs about $4 billion to build.
Despite the company's dominance, its stock trades at 10 times its expected earnings for 2012, well under its 10-year average of 34. Ben Landy, equity analyst for T. Rowe Price, says many investors doubt that PotashCorp can get bigger or more profitable than it already is. But the long-term trajectory for potash consumption is undisputedly upward. To prosper, emerging markets need to increase the productivity of their land; farmland in parts of the developing world yields just half as much as U.S. cropland. China and India, already the world's biggest fertilizer consumers, each account for 7 percent of PotashCorp's revenue -- shares that analysts expect will grow.