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Popular (NYSE: BPOP) hit an all-time low in 2011 of $10.80, down 96% since its 2005 highs of $244.23; a devastating blow to long term shareholders. Luckily, blue skies are just around More »
Trade the Channel Breakout in Madison Square Garden
Madison Square Garden (NYSE: MSG) has been on a solid up-trend since its debut in 2010. For the past 3 months MSG has been stuck in a price channel between $55 and More »
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See the original article at Benzinga.com HERE! Dean Foods (DF) has rebounded from a 4 year downtrend beginning in 2007 when the stock was at an all-time high of $37.48. Through 2011 More »
Coca Cola (KO) Breaking Out
Coke is breaking out today. 4/9/13, over $40.80 resistance after strongly defending the 20 EMA yesterday to continue its up-trend. The weekly chart below shows the continuation breakout after KO defended its More »
February Select SPDR ETF Sector Review
A look back on February’s Select SPDR ETF Sector performance through technical analysis. See January’s Select SPDR ETF Sector Review HERE! Performance results; January 30, 2013- March 5, 2013. Consumer Discretionary (XLY) More »
S&P 500 Technical Breakdown
The Technical Breakout Trader utilizes multiple time-frame analysis to determine high probability setups in the markets. This strategy can be applied to the major market indices to get a feel for the More »
Technical Analysis On Bank of America
Bank of America attempted to break out over its recent trading range between $11-$12.20 but failed. BAC also attempted to breakdown below $11, but found support. On the weekly chart, BAC is More »
This One Stock Is Forming A High Porbability Long Setup
Getty Realty Corporation Holding Co. broke its 200 SMA on the weekly chart last week running into overhead resistance at $19.50 from July 2012 highs. MACD is showing divergence in late 2011 More »
Tiffany and Co (TIF) Breaking Out
TIF has seen recent resistance at $66.50 over the past 6 months. Weekly chart is staging a breakout. A confirmation of the breakout over $66.50 would warrant a long entry. More »
Why Popular Could Soar 20% and More In The Near Future
Popular (NYSE: BPOP) hit an all-time low in 2011 of $10.80, down 96% since its 2005 highs of $244.23; a devastating blow to long term shareholders. Luckily, blue skies are just around the corner for this regional bank. The weekly chart below shows the story of the past 3 years price action. As mentioned, prices hit a low at $10.80 in late 2011 and have since rebounded some 163% to today’s price of $29.49. Prices were able to regain the weekly 200 SMA resistance in early 2013, and a golden cross of the 50 EMA crossing above the 200 SMA is on the horizon. For the past 3 months prices have been in a consolidation phase forming a bull flag between $26 and $29.75.
To further our conviction it’s The Technical Breakout Trader’s advantage to analyze multiple timeframes. From the weekly chart, we take it down to the daily chart for better entry points and to confirm our weekly analysis. Below we can see that $29.75 area has been resistance for the past 3 months from the large price appreciation in January of 2013. A breakout above this area would warrant a LONG entry with stop losses just below. Our target would be the $36 next weekly resistance area from February 2013 representing a ~20% gain. After a likely pullback, the $42.50 resistance in just in reach for a ~45% gain. Learn more over at The Technical Breakout Trader.
Trade the Channel Breakout in Madison Square Garden
Madison Square Garden (NYSE: MSG) has been on a solid up-trend since its debut in 2010. For the past 3 months MSG has been stuck in a price channel between $55 and $58 despite market strength. On the weekly chart we see that prices have been in heavily overbought conditions based on the RSI, and the MACD has formed a bearish crossover from its large run-up. This could be seen as consolidation, but one should let market prices dictate the next move whether that be up or down. A breakdown under $55 could bring a pull-back in prices down to the 50 EMA at $46.25 slightly above past resistance at $45 and still be in an up-trend. A breakout above $58 would be a sign the consolidation is over and prices are set to make new highs.
What to do; Based on the daily chart below, a trader can profit from a movement in price in two ways.
- Prices close below $55 signaling a breakdown, which is also in confluence with a breakdown below the 50 EMA support currently at $55.21. Traders can SELL SHORT with a buy stop just above the top of the channel at $58 with a target price of $46 just above the 200 SMA support.
- Prices close above $58 signaling a breakout of recent consolidation and a continuation of the up-trend. Traders can BUY on a close above $58 with a stop loss just below the bottom of the channel at $55. A trailing stop-loss could then be utilized since no resistance exists above the $58 all-time highs.
Why Dean Foods Could Rally 17% In The Near Future
See the original article at Benzinga.com HERE!
Dean Foods (DF) has rebounded from a 4 year downtrend beginning in 2007 when the stock was at an all-time high of $37.48. Through 2011 DF has lost ~82% of its value for shareholders hitting a low of $7.13. Since then, DF has reversed some of this damage and begun a new uptrend making higher highs and higher lows until recently when prices stalled out at $19.10.
The weekly chart below shows a large ascending triangle formation with resistance around $19. Prices have managed to regain the 200 SMA, and posted a very bullish golden cross in October 2012. The MACD is showing some bearish divergence, but is still printing above the zero line which is bullish as well. Should prices breakout of the $19 resistance, $22 is the next weekly resistance representing a ~17% upside.
The daily chart shows a similar story with $19 acting as multi-month resistance beginning in late October of 2012. Since then prices have traded in a range between the $19 resistance and $15 support. With the S&P 500 making new highs today, 4/10/13, the chances are that DF will see some momentum and make another run towards the $19 area. Keep Dean Foods on your radar for a breakout to $22 for a chance at a 17% return.
Upcoming Commodities & Futures Free Webinar
Thursday, April 11th @ 6:00 pm EST Dan Bustamante Hosts His Commodity & Futures Education Course
Daniel Bustamante of Landshark Analytics will be hosting a 1 hour webinar discussing how to become profitable within the futures markets while trading with an account size of less than $10,000. Daniel trades intra-day in the markets using a small account teaching clients how to do the same. This free webinar will cover some direct issues that are applicable to retail traders looking to grow their trading accounts: * Why choosing the right broker makes a difference * The cost of doing business in these markets * Discussing what time frames to use for intra-day trading * Stops & Targets * Covering the products Daniel trades on a daily basis & why * Why having a trading plan is necessary to success The last 15 minutes of the webinar will include a Q&A session.
Coca Cola (KO) Breaking Out
Coke is breaking out today. 4/9/13, over $40.80 resistance after strongly defending the 20 EMA yesterday to continue its up-trend. The weekly chart below shows the continuation breakout after KO defended its $40 past breakout support level. The MACD is rising along with the RSI which is bullish moving forward.
The daily chart shows the strength in the bounce yesterday off the 20 EMA and $40 support level. The 2% move is very bullish, and prices should continue to appreciate with continued market strength.
February Select SPDR ETF Sector Review
A look back on February’s Select SPDR ETF Sector performance through technical analysis.
See January’s Select SPDR ETF Sector Review HERE!
Performance results; January 30, 2013- March 5, 2013.
Consumer Discretionary (XLY)
XLY continues to push higher breaking out over $51 resistance toward the end on February. Prices up 3.28% in February.
Consumer Staples (XLP)
XLP was up 4.66% over February continuing its uptrend after breaking out over $36 resistance early January. Prices paused only slightly at $38 before continuing higher. RSI is now pushing into overbought conditions.
Energy (XLE)
XLE lagged in February up only .66% after breaking out over $76 in January. Since then prices have stalled at $79 resistance finding support at the past $76 resistance. MACD showing convergence with the up-trend price action.
Financials (XLF)
Financials stalled slightly at $18 resistance before continuing to push higher. RSI is hitting overbought territory yet again.
Health Care (XLV)
XLV paused momentarily at $43.50 resistance before continuing its uptrend from the December breakout over $41. RSI has stayed overbought for 5 weeks now, prices up 3.18% in February.
Industrials (XLI)
Industrials were up 2.93% in February and continue to push higher after breaking out of the weekly ascending triangle formation. Prices stalled momentarily at $41.50 before continuing the uptrend.
Materials (XLB)
Materials were the worst performer over the month of February losing 1.42%. XLB failed to hold the breakout over $29.50 resistance and fell back lower to defend the $38 support and the weekly 20 EMA. Prices look to retest the $39.50 resistance in near future.
Technology (XLK)
XLK is looking to breakout finally over the $30 resistance to break down the head and shoulders formation. Next resistance lies above at $31.50.
Utilities (XLU)
Utilities were one of the top performers in February up 4.36%. Prices are breaking out over the $37.50 resistance from July 2012 highs.
NEW Additions To The List
Homebuilders Index (XHB)
Homebuilders have been on a storing uptrend since November 2011 and continue to push higher. Prices found recent resistance at $29.50 but look to breakout in March.
Metals & Mining (XME)
XME have been on a downtrend since mid 2011. Toward the end of 2012 prices were forming an ascending triangle formation but support was lost during February. Lower support is at $38. MACD is attempting a bearish crossover and is below the zero line; a bearish indicator.
Mirror Zack’s trades on Marketfy.com through The Technical Breakout Trader.
Free Webinar’s For This week
Marketfy is at it again bringing investors and traders alike an array of educational webinars for every technique and strategy for this week.
Tuesday, March 5 @ 1pm EST - “Making Your Jump From Equities To Options” by Sang Lucci Options Education
Many traders daydream about making the transition from equities to options and integrating options trading into their strategies. Options provide strategic versatility, risk management capabilities, and profit potential simply not possible through plain equities trading.
Join Peter from Sang Lucci at 1 EST for a free webinar on what the transition entails, including:
-Peter’s personal equities to options transition story
-Equity characteristics that DO apply to options
-Equity characteristics that DO NOT apply to options
As always, Peter will answer your questions at the end of the webinar so come prepared to dig into what you want to know!
**Notice** - Team Sang Lucci does use adult language during their webinars.
Wednesday, March 6 @ 7:30pm EST – “Learn How To Use Marketfy Products” by Kyle Bazzy, President of Marketfy
Whether you’re looking for education, trade alerts, live trading rooms, research, or trading tools, Marketfy is the new standard for getting the very best without worrying about the legitimacy for the product or trader.
Join Kyle Bazzy, President of Marketfy at 7:30pm EST for a free webinar to learn tricks and tips to getting the most out of your Marketfy experience.
Free 3-Day Live Webinar Series (Starts on This Date): Thursday, March 7 @ 6:00pm EST – “Secrets To Optimizing Your Morning Income Stream”
Veteran day trader and four time recipient of the Forbes’ Best of the Web award, Mr. Jea Yu, invites you to a 3 part live webinar series showing you how to create a consistent morning profit.
**This is an exclusive, one-time webinar series and will not be replayed or recorded for the general public.**
Over the past year, this strategy has helped Jea and his students to a 77.6% win rate on all morning trades and a 27.03% yearly return! Over 1200 traders and fund managers have used this morning strategy to generate profitable returns for their own portfolios.
- Screening playable stocks
- Compiling headliners and organic prospects
- Core basket compilation
- Assembling your watch list
- Quick chart analysis
- Assessing general market climate
- Preparing for the market open
- How to allocate proper share sizing
- How to track and stalk your watch list
- The first 15 minutes
- When and how to pull the trigger
- Detailed high probability set-ups
- Managing risk, probability and reward
- The trade sequence from entry to exit
- Stops vs scaling
- Putting it all together
- Pacing and Closure process
- Trade evaluation and analysis
- Draw down management
- Recycling and building up core trading stocks
- Manifesting consistency
- When to raise the stakes: performance ratios
Thursday, March 8 @ 1pm EST – “Mitigating Risk Through Your Watchlist” by Sang Lucci Options Education
he biggest risk in trading is your own psychological performance. Great traders reduce mental strain by carefully constructing their watchlist.
Join Peter from Sang Lucci at 1 EST for a free webinar on the unrecognized power behind a great watchlist. He will cover:
-How your watchlist defines your style: are you a scalper, day trader, high flyer or break out trader?
-Sang Lucci’s watchlist
-How it prevents poor decisions
-Some of the equity options it includes
-The rationale behind its creation
-How to adapt your watchlist to shifting marketing conditions and changes in your account size
Peter will also provide direct feedback on your watchlist! Bring it to the webinar and come ready to discuss how you see it relating to your style of trading.
Sunday, March 10 @ 7pm EST – “The Italy/Euro Crisis & US Sequestar‘s Looming Impact On The World Markets” moderated by Kyle Bazzy (of Marketfy) with a 3 trader panel
The US Sequester and Italian/European Crisis are two world events capable of generating ripples across the world markets.
As these two major events play out simultaneously, their short and long term impact on the market remains unclear.
Join us live on Sunday March 10th at 7pm EST as we discuss the threats and opportunities that lie ahead. This roundtable discussion will be moderated by President of Marketfy/Benzinga, Kyle Bazzy and feature three of the market’s brightest minds…
-Dave Moenning of “State of the Markets
-Dan Bustamante of “Landshark Analytics”
-Alex Mendoza of “OptionABC”
Space will be limited.
S&P 500 Technical Breakdown
The Technical Breakout Trader utilizes multiple time-frame analysis to determine high probability setups in the markets. This strategy can be applied to the major market indices to get a feel for the overall market condition and the future direction. Below is a multiple time-frame analysis of the S&P 500.
Weekly Time-frame Analysis;
Stocks have been on a tear since the early January breakout over 1475 resistance from September 2012 highs. Prices are just below the 2007 highs of 1576 sitting at 1514 ending 2/28/13. Last week the SPX printed a weekly doji candle signaling indecision in the market. The MACD is flattening out and selling volume is picking up indicating a pull back may be near. It’s interesting to note the last two pullbacks have found support around the weekly 50 EMA which currently sits at 1414.30.
Daily Time-frame Analysis;
The SPX has been whipping traders up and down looking for direction recently. 1515 was a key resistance level that was broken for 5 trading days before seeing a sell off last Wednesday, 2/20/13 putting it back in its trading range between 1495-1515. The bottom of the range, 1495 was the key support that was compromised on Monday’s sell off only to be regained on Tuesday after price found support at the 50 EMA. Today’s action was very interesting. The market showed continued strength following yesterdays big gain up until the very last 10 minutes of trading before falling slightly below 1515. 1500 is a significant psychological level to watch as well.
Hourly Time-frame Analysis;
Intra-day market analysis on the hourly time-frame shows todays action as mentioned above. 1525 was rejected at the end of the day, and is a key level to watch to be broken for continued upside in the SPX. The MACD is turning down and RSI pointing south indicates the end of day weakness may continue into tomorrow. If so, I believe 1500 will be tested again.
Conclusion;
We need to see prices retake 1515 and breakout over 1525 for more up side in the rally. If this occurs a test of 2007 highs of 1576 is more likely. However, the weekly chart indicates a pullback is becoming more and more probable. If 1500 is broken again, and both the daily 20 & 50 EMA’s break down it would suggest a pull back is happening after all. If so, I would look for support around 1410 the weekly 50 EMA. Until either of these scenarios play out, I expect more choppiness and indecision in the S&P 500.
Free Webinars For This Week, ONE TODAY Act Fast
By now, most investors have some knowledge of emerging markets. Many probably have some exposure to the developing world through popular ETFs such as the Vanguard FTSE Emerging Markets ETF (NYSE: VWO) or the iShares MSCI Emerging Markets Index Fund (NYSE: EEM).
To be sure, the long-term returns sported by the those ETFs are impressive and those two are favorites of professional and retail investors alike. In fact, some of the biggest names in the hedge fund business own significant stakes in EEM and VWO.
All of that is great, but wouldn’t it be nice to beat the pros at the emerging markets ETF game? It would certainly be profitable. You can and it is not as hard or risky as you might be thinking.
In this first part of a multi-part series on emerging markets ETFs, you will learn the following:
- How to unearth diversified EM ETFs beyond EEM and VWO.
- How to spot the most dangerous developing markets and how to avoid them.
- Signs that a country is about to soar and how to spot them.
- Finding EM dividends.
This year’s strong rally in stocks has many investors facing a dilemma, wanting to get in yet scared to buy at the top.
You’re invited to an hour of education with Steady Tready, Serge Berger, as he explains how to trade an up-trending market – both the benefits and the traps.
Serge will specifically discuss how to successfully trade market rallies, including:
1. Finding the right entry points in strongly trending stocks
2. How to spot a pause or the end of a strong rally
3. Determining stop-loss levels in strong rallies
