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Yeah man, I'm with that. When EPS forecast is raised right before earnings report, often we get a beat.
Trend in 2015 Towards Fuel Cell Technology should continue to benefit Ballard Power BLDP. Bullard Power did a downtrend channel breakout on the Volkswagen deal. It's a classic turnaround play.
The EPS is not good. The forecast EPS has been falling which is not good. But folks, that's why the stock traders for less than $3 a share. I don't think the two new contracts are included in the EPS forecast yet so we could see an upward revision come soon. Full report: Ballard Power Rides the Fuel Cell Energy Boom
Big EPS Forecast Upgrade for INSY last week from $0.34 to $0.44, wow! Nice Motley Fool story: 3 Better Biotech Stocks INSY, IG, ACOR http://sco.lt/6BAOun
Prediction For Week of February 23 2015 is that the Bulls have the advantage.
But let's not get too happy. The negative divergence between the NYAD and the S&P 500 means we are NOT yet in a "running with the Bulls" market. Nevertheless, market internals clearly favor the Bulls.
Next week is big with the Janet Yellen testimony before Congress on Tuesday and Wednesday. We now know why the Federal Reserve continues to be so bullish on the economy beyond their economic forecasting model.
All disinflation is not equal. The current disinflation we are experiencing is from the rising U.S. dollar and the plunge in the price of oil. That's completely different than the bad sort of disinflation where no one is buying anything and so businesses lose pricing power. They slash their prices below cost just to reduce inventory and move product. That is not the type of disinflation we are currently experiencing. This is why the Federal Reserve sees the current spat of disinflation as something that is only temporary. Below is the weekly show broadcast every Saturday evening on YouTube where I talk about this and many other issues likely to impact traders next week.
Mellanox Technologies EPS forecasts rising quickly. Uptrending stock in an Ascending Triangle pattern with both 50 day and 200 day MAs rising.
Cloud computing demand is soaring and will continue at +30% annual growth until 2020. Mellanox Technologies has a hot product and is well managed as evidenced by their huge cash position of more than $300 million with less than $2 million in debt. Source: Stifel Ups Mellanox Technologies Stock Target To $63
The ship has certainly turned around on Ariad Pharmaceuticals stock with the EPS forecast revisions upward right before earnings report this morning and the less than expected loss. Source:Why Ariad Pharmaceuticals (ARIA) Surprised This Earnings Season
Thanks Papa Bear I appreciate that.
Upgrade Today From Macquarie. Micron Technology stock trying hard to stay above 200 day MA after awesome run. Source: Micron Technology (MU) Stock Gains After Upgrade, Price Target Increases
BITA looks like a good swing long set up with a candle over candle confirmed reversal off of previous support. Motley Fool just came out with an article too saying that BITA could double in 2015. Source: These Stocks Could Double in 2015
Two things hurt First Solar: revenue YOY plunged -20% and then the price of oil crashed. All solar stocks were punished by the drop in the price of oil and First Solar was no exception.
But this is what I think is so great about this stock right now. It's at a bargain level. It's the revenue growth decline and the price of oil crashing, which has opened up the opportunity to buy the stock at its current cheap levels.
The question to ask is, are thing things that have put First Solar stock into a downtrend for the last 5 months fixable? Are they temporary things? I think so and the largest ever commercial contract of $840 million with Apple proves that. Source: First Solar Stock Predictions Turn Bullish
Wearable Tech Warning For Traders. This may not be a very popular post and I'm not directing this at anyone or any post on the Weekend Warrior board but I feel a need to be brutally honest about wearable tech.
Look at how Google Glass blew up. Google Glass was suppose to be huge and that turned into a big dud. Think about that. If billions of dollars and years of development by top Google engineers can't produce a popular wearable tech product, that is a big warning flag for investors.
Remember how websites were hyped back in 1998 as a "virtual store" in cyberspace, this alternate reality? Anyone starting up a website could find investors to back their endeavor. It was crazy. Nowadays, people realize that a website is no big deal that even a jobless person can start in their mother's basement and make himself look like a big corporation. It's all BS and when the public found that out and adjusted to the technology, the hype faded away and the market crashed.
New technology and hype go hand in hand. This wearable technology trend is like 80% hype and 20% substance in my opinion.
Now don't get me wrong. I'm not saying something won't emerge in the wearable technology space like GoPro did last year. My point is that we can wait for something to come out, and then ride the trend higher if it catches on. My point is that there's no reason to gamble away your hard earned money on wearable tech right now.
Whatever you do is up to you, that's cool. I just wanted to do like a public service announcement on the warning of the hype surrounding the wearable tech space as it relates to investors and traders.
Source: The Truth About Wearable Technology You Don't Know
Yeah man, right on. Market psychology suggests that the HUGE, GINORMOUS, buy side volume surge was done by institutional traders and they like to accumulate over a long period. I think First Solar and Solar City are the only two stocks anyone needs to play the slowly uptrending demand for solar energy. Solar City is like the large cap, safer "bell-whether" value play, while First Solar is like the more risky "growth" play.
Stock Market Prediction for Week of February 16 2015.
Bulls just continue to dominate the market. Once again, the TICK picked up institutional buying last week on Thursday, February 12, 2015.
The only cautionary signal is $SPX to the $NYAD which did a negative divergence. The Tuesday after President's Day is usually a down day for markets according to the Stock Trader's Almanac. Is that what we are detecting on the negative divergence between $SPX and the $NYAD? Even so it could be nothing more than a little pullback early next week, after the big week last week.
Keep your eyes on the FOMC Minutes next Wednesday, February 18, 2015. Look for the word "patience". We are using the 2004 playbook where, when the Federal Reserve drops the word patience, rates will be raised soon after.
Bottom In and Short Squeeze in Play with a whopping +41% of the float short with 10 days to cover. We have analysts forecast EPS rising ahead of a big earnings report next week on February 18, 2015. Short sellers have got to know that too many of them have piled into the stock and once they start racing for the exit, look out. Source: SolarCity Stock Finally Bottoms as EPS Forecasts Rise
Growing demand for cybersecurity good catalyst for Palo Alto Networks. The only company mentioned in this article that has a rising EPS forecast over the last 90 days: Tech stocks to hack the cybersecurity boom
Nice double bottom reversal confirmed on huge volume. Deal with Apple and PG&E will be a good source of revenue for the next 25 years. Story: How First Solar Stock Will Benefit From Apple Inc. (AAPL) Deal
Mannkind takes out the 200 day moving average on rising volume. The short interest is a whopping 30% of float with 17 days to cover. This could be a massive short squeeze in the making if early indications are that Afrezza is selling well.
I like this stock and think it can +200% and more from its current price. I just bought this stock in my own trading account this morning. Full story: MannKind Stock Breaks above 200 Day Moving Average
Yeah, cowbunga, Bill Miller yikes! That's awesome. Bill Miller is an excellent trader. Did you see in the interview how they talked about Miller's timing of Amazon and why he went all in after the 3rd quarter earnings conference? Absolutely awesome market timing and he did it because of how the word "productivity" was used twice. The CNBC article referred to Intrexon as being the health care stock of the decade! Whoa. Source: This could be the stock of the decade: Bill Miller
The only thing I don't like about Intrexon is that the EPS forecast is going down even though the revenue is rocketing upward. But that's definitely something that is fixable and can be turned around.
Ambarella just had EPS raised from $0.34 to $0.49 per share about 30 days ago. Usually Semiconductor and Equipment industry takes a leg up around this time of year like it did in 2014. Solid fundamentals and great looking uptrending chart. It's a continuation pattern play.
Also like the fact that GoPro buys their chips from Ambarella. I think those of us who got out of GoPro because that uptrend ended, I think AMBA is the next logical choice for riding the mobile video craze. Also, I like that AMBA is more than just video chips. Source: Ambarella Stock Up on 6 Quarters of Double Digit Growth
New Home Construction Spending Surges Confirms New Home Sales
Things just got real for DR Horton.
The National Association of Home Builders (NAHB) economist Josh Miller took a dive into the private residential construction spending in the monthly update from the Census Bureau. He found that single family home construction spending is "surging". The NHB also released that single family home construction spending increased by 12.3% for the year.
The NAHB said that the steady increase in single-family construction spending is a reflection of improving market conditions. The single-family market recently experienced the highest pace of new home sales since June 2008.
Folks this is not only awesome news for DR Horton stock but for the entire U.S. economy.
What is driving home sales is falling mortgage rates. Below is an excerpt from the weekly show broadcast every Saturday evening on YouTube where I talk about the big news last week on single family homes construction spending.
Unemployment rate is a BIG LIE comment from Gallup last week. Most everyone in this All Star Economic News board knows this already. We have talked about the cooked numbers for years. As stock traders, we have to know this stuff and keep our eyes wide open.
What was wild about last week was that Gallup is a mainstream financial organization. For such a mainstream group to come out and call the Obama Administration's unemployment rate figure of around 5.6% a "big lie", is not something you see every day.
Below is an excerpt from the weekly show where I discuss why Gallup called the unemployment rate a big lie.
Stock market prediction for February 9 2015. The institutional buying last week tipped the advantage to the Bulls. The advantage the Bulls have is a lot greater "below the hood" or in the market internals, than a quick look at the trends would suggest.
The Bulls were given the upper hand by the stock exchange prediction algorithm for trading. People, it wasn't even close! What actually made the difference was that institutional dealers came into the marketplace on February 5, 2015 and February 3. Institutional traders purchased across every sector.
Alcatel-Lucent just did a Resurrection Cross and check out this story: The whole world is sucking down mobile data like it’s water
Think about it. Mobile data is only just beginning. I pay top dollar for my 4G with unlimited data so that I can stream CNBC Pro and Fox Business (over my Comcast Xfinity mobile app) where ever I am. I crank up the volume on my smartphone and throw it in the seat next to me so that I can listed to CNBC or Fox Business live while I'm driving. I don't even like to look at my smartphone when I'm driving but I stream it just to hear the audio in the car. It's exciting where this market is going and where it will be in 10 years.
We are back to a market where it's all about the US dollar.
Lots of talk in the mainstream financial media about how oil was up today and that helped the entire market. Sure, but why was oil up today? Because the US dollar was down.
You can see that on the chart of UUP. The US Dollar and UUP should be swing traders #1 tool right now to help time the swings on the S&P 500.
Notice how this story talks about the big day for commodities and ties it to oil, but fails to ultimately tie it to the US dollar. Accidental omission or purposeful mis-information? You decide. Here's an example of a typical mainstream financial media story that leaves out the US dollar: Commodities Head for Biggest 3-Day Rally Since 2012 as Oil Gains
Goldman Sachs upgrade to BUY today. The chart is testing major resistance now and is close to a Bullish Resurrection Cross.
Full story: Cedar Fair, L.P. Stock Rating Upgraded by Goldman Sachs (FUN)
Big news today on Lenovo (LNVGF) about how they have turned around Motorola sales. The chart did a candle over candle pop above the 200 day moving average line on good volume.
Full story: Motorola smartphone sales double in a year as Lenovo takes over
Huge institutional trader buying today! This is the first time the TICK has detected institutional traders buying in 2015.
This has big implications and it favors the Bulls.
Also, the institutional buying today, February 3, 2015, was broad-based across many sectors. That's another confirmation beyond the TICK that points to institutional trader activity.
As a reminder, for February, we were watching for a repeat of 2014 where institutional buying came in, in early February. That's exactly what we got today. In 2014, the first institutional buying for the year was detected on the TICK on February 7, 2014. In 2015, the first institutional buying for the year came on February 3, 2014. That's only a 3 trading day differencen from last year!
Full report: Tracking Institutional Buying COWABUNGA Dudes!
The Rubicon Project takes lead in advertising technology. The chart doesn't look great but management is executing nicely. Also some acquisitions look good. More here: Rubicon Project holds lead among competitors in advertising technology
Medtronic has some killer diabetes tech hitting markets. Also, thanks to ObamaCare there is expanding insurance coverage for Medtronic's devices.
Check out the new Medtronic's diabetes tech Diabetes Technology Inches Closer To An Artificial Pancreas
$GOOG Google Fiber looks hot. This is huge. I can't wait for this to come to my city. Google Fiber is going out of its way to make rival ISPs miserable
DexCom just nailed FDA approval for its mobile monitoring device.
Source: FDA permits marketing of mobile medical apps for continuous glucose monitoring
January 2015 Copied January 2014 Price Action Closely. Here's a chart I put together for fellow weekend warriors.
If this copycat pattern holds, February could start off weak, bottom and turn upward. February could be the low of the best 6 months of the year like it sometimes is. Look for confirmation on the TICK when/if we get a repeat reverse in February 2015 like we had in February 2014.
$GPHBF up +34% in last two days multi-bagger potential.
FULL REPORT: Graphene 3D Lab Stock Could Soar 200% and More
Nah man, I got love for all the players. Whether you are a trader or an investor, we all need a trend to form in our direction to make money. Where we differ is in how long of trend we need to form. Day traders just need a trend that lasts a few minutes or an hour or so. Swing traders just need a trend that lasts a day or a week or so. Investors need a trend that lasts a few weeks or months or so. It's all good man. Hope you make a boat-load.
This is a France company that lists as an ADR on the US OTC pink sheets market.
With police departments desiring to better protect the public and terrorist groups like ISIL on the march across Europe, facial recognition technology is seeing a boom.
The chart has done a nice Ascending Triangle breakout and it is about to have a Resurrection Cross of the 50 day moving average crossing above the 200 day moving average.
Full report: Facial Recognition Stocks Moving as Security Needs Grow
Nice find.
Greetings my trading friend in Germany. What I don't really like is Morgan Stanley selling $2.2 million worth of stock a couple of days before the big offering. Check out Form 144 on the SEC's website. It's hard to say but I'm watching how the market responds over the next week.
My stock market forecast 2015 is flat. The market will close flat for 2015. I am going to update this prediction as the year goes on and we have more data. I am not prepared to predict a down market for the year, even though the January Barometer closed down for the month of January (-3.1%). There's just too much potential the economy has Jobless Claims dropping to a 15 year low and as evidenced by Apple's enormous gains last week.
The market prediction algorithm continues to be pretty equally matched. Bears have the slight edge going into next week but it is not by much.
For another week, all the major indices are trading sideways. The stock market forecast for trading next week is that the Bears have a small advantage over the Bulls.
Just broke above its pivot on a candle over candle reversal, with huge buy side volume. Bought some shares in my personal trading account today.
Industrial production just came online: Graphene 3D Lab to Begin Industrial Scale Production of Graphene 3D Printer Filament
Report and chart: Graphene 3D Lab Stock Could Soar 200% and More
LOL, sweet.