Many clients have expressed the desire to learn more about Technical Analysis. We are pleased to announce the introduction of FST Tech Talk featuring some of the better Technical Chart traders in the business and will consist of timely analysis on potential breakouts.
  
Tech Talk

Stocks to Watch - August 22nd, 2017
Markets were flat to start the week and bulls are not under the assumption that the old adage never to sell a dull market applies today. There having been many days were the benchmarks were near the UNCH line, and it seems that it is either that or big moves lately mostly in the lower direction. The bulls can at least point to today that the markets did CLOSE near the days highs, something it has been unable to achieve recently. The Nasdaq is now down 12 of the last 18 sessions and on a 3 day losing streak, with all three CLOSING underneath its 50 day SMA. That important line to beginning to flatline and bulls are looking for that to be temporary. The tech rich index was the worst performer of the big three falling less than 1% and the Dow and S&P 500 were higher by .1 (the Russell 2000 lost .1%). Peering into individual sectors it was the staples and utilities acting well once again, with the XLP up .4 and the XLU adding .3% and the XLV advancing .5%. There seems to be a lot of talk of gold recently, perhaps with perma bears coming out of hibernation with the market "seemingly" on the ropes. Looking at the GLD itself the chart looks to have put in a triple top at the 123 number from the 4/17, 6/6 and 8/18 sessions. On a longer term view, which to me are better predictors, it has the potential of completing a bullish 3 week tight pattern and has formed a bullish ascending triangle and a break above 124 has a measured move to 141. Looking at some individual names in the space below is the chart of NEM and how it was reviewed in our Wednesday 8/2 Game Plan. It is still a few percentage points away but one should keep a close eye on that 38 level.

Stocks that can be bought at round numbers are BLUE. BLUE is a healthcare play higher by 50% YTD and 73% over the last one year period. Earnings momentum is headed in right direction with three straight gains of 2.8, 6.8 and 5.8% on 8/3, 5/4 and 2/23 and a loss of 11% on 11/3. The stock is on a 3 week losing streak and now lower by 26% from recent 52 week highs and is most likely digesting big 40% gain from 2 weeks ending 6/2-9, and nearly filled in gap on 8/3 from 6/2 session and back below 94.10 double bottom trigger taken out on 6/6. Enter BLUE at 91.50 near the round 90 number and then add to above 50 day SMA, which is now downward sloping, and then through double bottom trigger of 103.

Trigger BLUE 91.50.  Stop 86.

Stocks that can be bought after recent gap fills are MAR. MAR is a leisure play higher by 20% YTD and 34% over the last one year period and sports a dividend yield of 1.3%. Earnings have been decent with gains of 6.4 and 2.7% on 5/9 and 11/8, an UNCH finish on 2/16 and a loss of 2.1% on 8/8. The stock is lower 5 of the last 11 weeks including an ugly bearish engulfing week ending 8/11 that lost 5.3% in heavy volume. Still a leader as it ran higher 24 of 32 weeks ending between 10/28/16-6/2. It is 11% off most recent all time highs but on Friday recorded a spinning top candle which often indicate a change in direction of preceding trend. MAR also filled in gap from 5/8 session as well on 8/18. Enter here and add to above 50 day SMA then through double bottom trigger of 107.73.

Trigger MAR here.  Stop 96.50.

Stocks that can be bought as they fill in gaps are PETS. PETS is a pet pharmacy play higher by 81% YTD and 108% over last one year period and sports a dividend yield of 1.9%. It has excellent earnings momentum with four consecutive gains of 27.2, 3.7, 7.7 and 1.8% on 7/24 (rose another 11.3% on 7/25), 4/28, 3/3 and 11/3 after a loss of 14.1% on 8/5. The stock rose 15 of 18 weeks ending between 3/31-7/28 gaining 150% traveling between the round 20 and 50 numbers during that time. Last week fell 7.3% and Monday slumped 5.8%, but it is looking to fill in a gap from the 7/21 session which aligns with the round 40 number. Enter PETS at 40.75.

Trigger PETS 40.75.  Stop 39.

Stocks that can be bought near prior cup base breakout triggers are STO. STO is an energy play UNCH YTD and higher by 12% over last one year period and sports a nice dividend yield of 4.8%. Earnings have been mixed with gains of 3.2 and 1.6% on 7/27 and 10/27 and losses of .6 and 5.2% on 5/4 and 2/7. The stock is higher 5 of the last 6 weeks including a 4 week winning streak ending between 7/14-8/4 that rose more than 15%. It has a few technical things to like including a successful gap fill in late June from the 5/4 session and is now trading near a 18.49 cup base trigger taken out on 7/28. Enter here and add to above a bull flag trigger of 18.55 which a breakout carries a measured move to 21.

Trigger STO here.  Stop 17.80.

Stocks that can be bought at their 200 day SMAs are LITE. LITE is a 2 year old tech play higher by 32% YTD and 48% over last one year period and has advanced 200% since July '15. Earnings mostly lower with a recent loss of 3.1% on 8/9 after back to back jumps of 9.9 and 14% on 5/4 and 2/8 and 3 straight losses of 3.7, 1 and 1.4% on 10/28, 8/10 and 5/5. The stock is lower 4 of the last 5 weeks including 3 weeks ending between 7/28-8/11 which slumped by a combined 19%, and last week rose by 5 pennies and CLOSED in lower half of weekly range. LITE is now 26% off most recent all time highs and enter on touch of 200 day SMA at 49.25 knowing last time it felt its 200 day in early May registered solid gain.
Trigger LITE 49.25.  Stop 47.

Stocks to be considered shorting opportunities are BLMN. BLMN is a casual dining laggard lower by 4% YTD and 11% over the last one year period and sports a dividend yield of 1.8%. Earnings have been decent with three straight gains of 5.9, 5.3 and 2.2% on 4/26, 2/17 and 10/28 before a most recent loss of 10.8% on 7/26. The stock is higher 2 of the last 3 weeks, with the last 2 higher by less than 2%, and it is now back below the CLOSING week low from week ending 7/28 and Monday dropped another 2.7% recording a bearish engulfing candle in the process. Look to short BLMN here as it undercut a bear flag trigger of 17.50 today. The breakdown carries a measured move to 13.50.

Trigger BLMN here.  Buy stop 18.10.

Trigger summaries:
Buy at round numbers BLUE 91.50.  Stop 86.
Buy after recent gap fill MAR here.  Stop 96.50.
Buy gap fill PETS 40.75.  Stop 39.
Buy after recent cup base breakout STO here.  Stop 17.80.
Enter at 200 day SMA LITE 49.25.  Stop 47.
Short after recent bear flag breakdown BLMN here.  Buy stop 18.10

Stocks to Watch - August 21st, 2017
Markets finished an ugly week with the major averages giving up all there early afternoon gains Fridayafter some weakness in the morning. The Nasdaq and Russell 2000 lost .1%, the S&P 500 .2% and the Dow by .3%. The Nasdaq is now 4% off most recent all time highs and although the index is still making higher highs and lows, it is feeling heavy as it sliced its 50 day SMA Thursday for the second time in just 6 sessions. The tech heavy benchmark fell .64% this week and has fallen four straight with all CLOSING at the lows for the weekly range. The back to back weekly doji candles on the S&P 500 ending 7/28 and 8/4 seem to be taking a toll and it fell by nearly an identical amount for the week as the Nasdaq. It seems like it wants to test the comfort of the round 2400 figure which was resistance this March, April and May. The Russell 2000 which seems to be garnering a lot of attention lately is now lower 12 of the last 18 days and although it undercut its 200 day SMA, Friday did register a spinning top candle which often forecasts changes in the direction of the recent trend. Bulls obviously want to see that index recapture its 200 day SMA which is still firmly sloping higher, something which its 50 day SMA is not doing. It is hard to blame recent weakness on the political happenings as two of the sectors that did much of the heavy lifting since the election last year, the semiconductors and transports, were acting soft for some time. The IYT is now lower by 7% from its most recent 52 week highs and has lost ground 4 of the last 5 weeks and more concerning is how quickly the good looking cup base breakout from a 173.98 trigger the week ending 7/7 fell apart (the move in the airlines has contributed greatly with JETS down 12% from recent highs). Breakouts that fall apart that fast are often a poor sign, and todays move below the 200 day SMA is yet another warning. As always it pays to be simple and wait for the trades that offer the best risk/reward. Below is the chart of NFLX, and how it appeared in out Thursday 8/17 Game Plan, which Friday recorded a bullish inverted hammer candle. One will know relatively quickly if they are wrong.

Stocks that can be thought of as shorting opportunities are FND IPHI. FND is a recent homebuilder periphery IPO higher by 4% since inception in late April, but lower by 29% from recent highs. It obviously has just a small sample of earnings reactions with mixed results with a gain of 11.1% on 5/26 and a loss of 6.7% on 7/28. The stock is lower 6 of last 8 weeks with this week showing big weakness off by 7.9% (3 of the other down weeks lost 5% or more). Its 50 day SMA is now sloping lower and trouble began with bearish engulfing candle on 6/22 at all time highs. Look to short FND with sell stop below bear flag trigger of 32.75 which carries a measured move to 24.

Trigger FND 32.75.  Buy stop 34.40.

IPHI is a semiconductor laggard lower by 21% YTD and 16% over last one year period and now 32% off most recent 52 week highs. Earnings have been mostly higher with gains of 3.1, 8 and 17% on 8/8, 11/2 and 8/9/16, an UNCH finish on 2/8 and a loss of 10.8% on 5/3. The stock is lower 3 of the last 4 weeks and problems since filling in gap near round 40 number from 5/2 (pierced 40 number during 5 week losing streak that lost 28% between weeks ending 4/7-5/5). IPHI has formed a bearish descending triangle pattern and short with sell stop below 34 which carries measured move to 24. Notice the very wide and loose trade, hallmark bearish characteristics.

Trigger IPHI 34.  Buy stop 35.85.

Stocks that can be bought as they take out bull flag formations are ANET SEDG. ANET is a best in breed networking play higher by 78% YTD and 127% over last one year period. It has excellent earnings consistency with four consecutive positive reactions gaining 19.4, 3.2, 18.9 and 1.5% on 8/4, 5/5, 2/17 and 11/4. The stock has doubled during current 22 of 31 week winning streak and has shown solid action POST break above 159.10 double bottom trigger on 8/4. ANET has a bull flag forming at all time highs and shrugged off tough week and is right back at CLOSING highs from big week ending 8/4 that jumped more than 14%. Enter with a buy stop above 175 carries measured move to 197.

Trigger ANET 175.  Stop 171.

SEDG is a solar play higher by 115% YTD and 46% over last one year period. Earnings momentum is headed firmly in the right direction with three consecutive gains, and each one better than the last, higher by 20.8, 11 and 4.1% on 8/3, 5/10 and 2/15 after a small loss of .7% on 11/10. The stock is higher 16 of the last 21 weeks and has declined the last two by almost 6%. A move above 30 could accelerate long cup base that began week ending 6/26/15 (weeks ending 1/8 and 2/5/16 were stopped at the round 30 figure). Enter SEDG with buy stop above a bull flag trigger of 28 which carries a measured move to 34.

Trigger SEDG 28.  Stop 26.30.

Stocks that can be bought after recent bullish engulfing candles are CLVS. CLVS is a healthcare name higher by 62% YTD and 327% over last one year period. Earnings momentum has been headed the wrong way with three consecutive negative reactions dropping 5.1, 3.6 and 3.7% on 8/3, 5/4 and 2/23 after a loss of 4.6% on 11/4. The stock rose just 1.4 this week after the prior 2 slumped by a combined 30%, not the best showing. The round numbers have played a role with the very round par number acting as resistance on 7/28 and now it seems to be finding a floor at the 70 figure and todays bullish engulfing candle was encouraging especially after Thursday spinning top candle too. Enter CLVS at 71 (we were WRONG about this name recently in 7/6 report).

Trigger CLVS 71.  Stop 69.35.

Stocks that can be bought as they take out bullish WEEKLY flags are ALNY. ALNY is a healthcare play higher by 117% YTD and 10% over last one year period. Earnings have been mixed with gains of .4 and 10.7% on 5/5 and 2/9 and losses of 5.7 and 12.6% on 8/10 and 11/3. The stock is higher 4 of the last 8 weeks with good relative strength this week up 4.1% and is most likely digesting prior 8 of 9 week winning streak ending between 4/28-6/23 which rose nearly 80%. A bull flag is forming on its weekly rising 200 day SMA and this week recorded bullish harami and notice the flag is also finding support at prior resistance at round 80 number which was problematic the weeks ending 1/29, 8/12 and 9/23/16. Enter ALNY with buy stop above 83.50 which carries a measured move to 116.

Trigger ALNY 83.50.  Stop 79.

Trigger summaries:
Sell stop to short below bear flag FND 32.75.  Buy stop 34.40.
Sell stop to short below bearish descending triangle IPHI 34.  Buy stop 35.85.
Buy stop above bull flag ANET 175.  Stop 171.
Buy stop above bull flag SEDG 28.  Stop 26.30.
Buy after recent bullish engulfing candle CLVS 71.  Stop 69.35.
Buy stop above WEEKLY bull flag ALNY 83.50.  Stop 79.

Stocks to Watch - August 18th, 2017

Markets never saw green Thursday and through the course off the session the bleeding continued. The Nasdaq which has been concerning to me at least from the 6/9 session fell by triple digits and almost 2% today and undercut its 50 day SMA just three days after reclaiming it, a very bearish sign. As of yesterday the tech heavy benchmark was higher for the week but now is in jeopardy of registering a fourth consecutive down week, and all four finishing at lows for the weekly range. As with daily charts it is not where you start but where you end up. Keep in mind as well it was been 15 months since the last 4 week losing streak on the Nazz. The S&P 500 also undercut its 50 day SMA and the problem may turn out to be investors are becoming complacent to the fact that another quick recapture is just days away. The indexes rarely just fall out of bed without warning signs and this time is no different whether you want to point to the bearish shooting star candle at all time highs for the S&P 500 on 8/8 which now looks like a bull trap after an intraday flag reversed. The Nasdaq recorded a nasty bearish engulfing candle on 7/27 also at all time highs and the defensive in nature Dow is now the only major average above its 50 day SMA. Once again it was the utilities and staples that "outperformed" as the XLU and XLP fell by .7 and .9% and selling was indiscriminate. Many are blaming this recent weakness to the Trump agenda now almost dead, but it was never really even in motion. What those people that talk about that fail to realize is that it was most likely built in as the indexes look forward by 6 months. One would be wise to scale down their size in the current environment and even monitor names that ignored the shaky tape Thursday. Below it the chart of COH and how it was written in our Wednesday Game Plan this week. Perhaps one very delicate earnings report this week could be forgiven as the previous four all gained ground.

Stocks that can be viewed as shorting opportunities are BECN. BECN is a home bulider periphery (subsector overall very weak with names like JELD and DOOR underperforming) play lower by 11% YTD and over the last one year period. Earnings have been mixed with gains of .8 and 2.9% on 5/5 and 2/3 and losses of 5.2 and 3.3% on 8/3 and 11/22. The stock is on a 6 week losing streak and lower by 2.4% heading into Friday and it recorded a bearish death cross. It has had issues with round 50 number with resistance there weeks ending 3/17 and 4/21 and the round 40 figure support weeks of 9/16-23/16. BECN broke below a bear flag trigger of 42 this week and look to short here. Look for measured move to 36.

Trigger BECN here.  Buy stop 43.20.

AAOI is a technology play higher by 175% YTD and 360% over the last one year period. Earnings reactions have been mostly higher with three consecutive positive earnings reactions up 19.5, 22.7 and 3.8% on 5/5, 2/24 and 11/4 before a recent slump of 34.1% on 8/4. Last week gained 1.9% a poor showing, also CLOSING well into lower half of weekly range, as prior week ending 8/4 plummeted 33.1% and notice issues with round par number with spinning top on 7/27 and engulfing candle on 8/2 (no CLOSES above par). It has recorded two good looking cup base breakouts from triggers of 60.29 and 75.69 on 5/9 and 7/13. Enter AAOI with a sell stop below bear flag at 63 which carries measured move to 26.

Trigger AAOI 63.  Buy stop 66.80.

Stocks that can be bought after recent flag base breakouts are LPLA. LPLA is a finnie play higher by 31% YTD and 71% over last one year period and sports a dividend yield of 2.1%. Earnings momentum has been very solid with 5 consecutive gains of 1.9, 9.1, 1.3, .4 and 6.7% on 7/28, 4/28, 2/10, 11/3 and 7/29/16. The stock is higher 6 of last 7 weeks with lone down week last week ending CLOSING in upper half of weekly range and this week higher by 1.1% heading into Friday (last 3 have also all CLOSED taut within just .44 of each other). It has displayed good action POST breakout from 43.89 cup base trigger on 7/19. LPLA registered a nice breakout above bull flag trigger of 46 this week. Enter LPLA here and look for measured move round 50 figure.

Trigger LPLA here.  Stop 45.

Stocks that can be bought as they pullback into recent cup base breakouts are FNV. FNV is a gold play higher by 32% YTD and 1% over last one year period and sports a dividend yield of 1.2%. Earnings are moving in the right direction with three consecutive positive reactions higher by 3.6, 2.6 and 1.1% on 8/9, 5/10 and 3/23 after a small loss of .1% on 11/8. The stock rose firmly last week by 6.1% in active volume and this week has advanced another 1.2% heading into Friday. It broke above a 76.37 cup base trigger on 8/10 and look to enter on a pullback at 77.50. On weekly chart one can see add on buy point above a one year long weekly cup base pivot of 81.26 which would register an all time high if take out.

Trigger FNV 77.50.  Stop 74.

Stocks that can be bought as they take out bullish flag formations are PNM SPR. PNM is a utility play higher by 21% YTD and 24% over the last one year period and sports a dividend yield of 2.3%. Earnings have not moved the needle with back to back losses of .5 and 1.3% on 7/28 and 4/28 after gains of .7 and .8% on 2/28 and 10/28. The stock is on a 4 week winning streak higher by a combined 10% and this week so far is adding 1.2%. It took out a cup base trigger of 40.30 on 8/1 and has acted well POST breakout. PNM now shows a bull flag pattern in a consistently strong group and enter with a buy stop above 42.30 which carries a measured move to 47.40.

Trigger PNM 42.30.  Stop 41.

SPR is an aerospace play higher by 20% YTD and 58% over last one year period and sports a dividend yield of .6%. Earnings have been energetic and mostly higher with gains of 17.5, 7.2 and 7.1% on 8/2, 11/1 and 8/3/15 and losses of 8.5 and 7.1% on 5/3 and 2/1. The stock is higher 6 of last 7 weeks and by 1.6% this week and recorded a strong break above 3 week tight pattern with the three weeks ending between 7/14-28 all CLOSING within just .33 of each other. It has also displayed good action POST breakout from 63 cup base trigger on 8/2. SPR now shows a bull pennant pattern and look to enter with buy stop above 71 which carries a measured move to 82.

Trigger SPR 71.  Stop 69.

Trigger summaries:
Short after recent bear flag breakdown BECN here.  Buy stop 43.20.
Sell stop to short below bear flag AAOI 63.  Buy stop 66.80.
Buy after recent bull flag breakout LPLA here.  Stop 45.
Buy pullback into recent cup base breakout FNV 77.50.  Stop 74.
Buy stop above bull flag PNM 42.30.  Stop 41.
Buy stop above bull flag SPR 71.  Stop 69.

Stocks to Watch - August 17th, 2017
Markets once again finished close to the UNCH mark Wednesday, but off session highs. The Nasdaq was higher by .6% at intraday highs in the early afternoon but gradually lost momentum. The Dow, Nasdaq and S&P 500 recorded spinning top candles which can predict a change in direction. The Russell 2000 which is lagging did register that recent bullish morning star pattern and it needs to start acting better. One does have to admire that the markets did hold up after the political of boards disbanding, and that could potentially be a positive tell. Looking at individual groups it was the materials group that led the way with the XLB higher by 1%, and not far behind were the staples and utilities that were both comfortably higher today with the XLU and XLP advancing .4 and .3% respectively. The XLU is sniffing out a 54.73 cup base trigger which would achieve an all time high and its dividend yield of 3.9% is giving it some income boost to go along with its capital appreciation. Below is the chart of NRG and how it was profiled in our Monday 8/7 Game Plan and it is currently nicely above the bull flag trigger of 25 and has gained more than 100% this year already. Investors affinity for the higher yielding plays recently is an interesting development which bulls and bears could explain in a positive light. Bulls could express their inclusion as the rally broadening out and the bears may say market participants are parking cash cautiously and not being able to stomach the heights the benchmarks are residing at this moment.

Stocks that can be bought after recent cup base breakouts are MDXG. MDXG is a healthcare play higher by 91% YTD and 125% over last one year period. Earnings have been mixed with gains of 11.3 and 3.5% on 4/28 and 10/27 and losses of 2 and 4.1% on 7/27 and 2/23. The stock is down 5 of the last 7 weeks, but higher by 13.1% this week so far and lies just 3% off recent all time highs. Prior to that it rose 15 of 17 weeks ending between 3/3-6/23 including 11 week streak between 3/3-5/12 which nearly doubled and on weekly chart great action POST breakout above a 13.30 cup base taken out week ending 5/5 in a base 22 months long. MDXG recorded a powerful break above 16.30 cup base trigger on 8/15 up 6.1% on the second best daily volume in over a year. Enter here.

Trigger MDXG here.  Stop 15.

Stocks that can be bought on their initial touch of their rising 50 day SMAs are VRSN NFLX. VRSN is an "Old tech" play higher by 30% YTD and 20% over the last one year period. Earnings have produced four consecutive positive earnings reactions with 3 small recent gains of .5, .4 and .7% on 7/28, 4/28 and 2/10 and a nicer gain of 4.8% on 10/28. The stock is lower the last 2 weeks by 4.5% and now 4% off recent multi year highs and prior to that rose 22 of 27 weeks with the 5 lower weeks losing no more than 1%. On the weekly chart one can see long breakout above 94.04 trigger in a pattern that began week ending 12/4/15. Enter VRSN on pullback on first touch of rising 50 day SMA at 98.

Trigger VRSN 98.  Stop 93.

NFLX is a FANG play higher by 37% YTD and 76% over the last one year period. Earnings have been mostly higher with gains of 13.5, 3.9 and 19% on 7/18, 1/19 and 10/18 and a loss of 2.6% on 4/18. The stock is on a 3 week losing streak falling almost a combined 10% and this week is lower by .8% thus far. This comes just after a powerful 3 week winning streak which rose by 25% between weeks ending 7/7-21 with the week ending 7/21 which came on the best weekly trade in 9 months. It now trades 11% off recent all time highs and NFLX broke above a double bottom trigger of 160.07 on 7/14 and today bounced nicely off its rising 50 day SMA which also came close to filling in the 7/17 gap. Enter here.

Trigger NFLX here.  Stop 161.

Stocks that can be bought as they take out bull flag formations are TTWO UBNT. TTWO is a best of breed consumer services play higher by 87% YTD and 123% over the last one year period. Earnings consistency is excellent with five consecutive positive reactions advancing 12.2, 5.5, fractional, 7.8 and 2% on 8/3, 5/23, 2/8, 11/3 and 8/5/15. The stock is higher for seven consecutive weeks and this week has added another 3% thus far. It has acted well POST breakout from a 80.64 cup base trigger taken out on 7/25. TTWO has now formed a bull flag and look to enter with a break above 92.50 which would record and all time high and carries a measured move to 106.

Trigger TTWO 92.50.  Stop 88.

UBNT is a tech play higher by 15% YTD and 32% over the one year period. Earnings have been mixed with gains of 16.6 and 3.4% on 8/3 and 11/4 and losses of 5.9 and 16.7% on 5/5 and 2/10. The stock is higher 6 of the last 8 weeks and this week by 1.7% thus far and recorded a bullish golden cross this month and registered a nice climb above bullish inverse head and shoulders above rising 200 day SMA too. A bull flag formation has taken shape at all time highs and with the recent breakout above a cup base trigger of 64.72 on 8/4 has negated possibility so far of a double top from early February. Enter UBNT with buy stop above 67 which carries a measured move to round 80 number.

Trigger UBNT 67.  Stop 64.20.

Stocks that can be bought as they reclaim their 50 day SMAs and then through future valid base triggers are CNI. CNI is a transport play is higher by 19% YTD and 27% over the last one year period and sports a dividend yield of 1.6%. Earnings have brought very poor consistency with 4 straight losses of 1.9, 3.4, 1.6 and 4% on 7/26, 4/25, 1/25 and 10/26. The stock is higher 27 of the last 40 weeks gaining a gradual 20 handles along the way, and is lower by 1.1% this week thus far. The last 3 have all CLOSED very taut within just .38 of each other. Enter CNI with a buy stop above its rising 50 day SMA at 81 and add to through a cup base trigger of 84.58.

Trigger CNI 81.  Stop 79.

Trigger summaries:
Buy after recent cup base breakout MDXG here.  Stop 15.
Buy initial touch of rising 50 day SMA after recent breakout VRSN 98.  Stop 93.
Buy initial touch of rising 50 day SMA after recent breakout NFLX here.  Stop 161.
Buy stop above bull flag trigger TTWO 92.50.  Stop 88.
Buy stop above bull flag trigger UBNT 67.  Stop 64.20.
Buy stop above rising 50 day SMA CNI 81.  Stop 79.

Stocks to Watch - August 15th, 2017
Markets scored strong gains, reminiscent of the old acronym "Mutual Fund Monday", as the benchmarks sprinted out of the gate and were very stubborn relinquishing any of the move. Bears were most likely under the impression that a big reversal would take place, with hallmark bearish traits being starting off powerfully and CLOSING hard upon the lows. There must be some concern tonight among them but to be sure the markets still have work to do and both bull and bears have been frustrated. Most encouraging was the action in the Nasdaq as it led adding 1.4% and reclaimed its 50 day SMA after spending just 2 sessions underneath it. Bulls have to wonder if this is becoming to commonplace and to be expected. The Russell 2000 rose by 1.5% and with last Fridays lows still maintains a nice series of higher lows this year and it did complete a bullish morning star pattern off its 200 day SMA Monday. The small cap, domestic oriented benchmark which was just above the UNCH line as of Friday on a YTD basis has plenty of catch up as peers like the S&P 500 and Nasdaq and Dow have advanced between 10-17% thus far in 2017. Looking at individual groups it was technology and financials that led the way and energy was the lone major S&P sector to fall today. Below is the very respectable chart of HRB and how it appeared in our Wednesday 8/9 Game Plan. I am a big proponent of the round number theory and this name consolidated a robust move from 20 to 30 well the last 8 weeks and now one can initiate a new position or add to above a long weekly cup with handle trigger of 31.80.

Stocks that can be bought after recent bullish inverse head and shoulders breakouts are WING. WING is a best in breed casual diner higher by 16% YTD and 6% over the last one year period and sports a dividend yield of .8%. Earnings have been mostly higher with gains of 7.2, 11.3, 4 and 13.3% on 8/4, 5/5, 11/2 and 8/5/16. The stock has advanced by more than 12% the last 2 weeks, both on above average volume and it has been holding the round 30 number very well since taking it out on 6/8 with just one CLOSE below on 7/28. WING took out a 33.50 bullish inverse head and shoulders pattern today and enter here with the break carrying a measured move to 42.

Trigger WING here.  Stop 32.25.

Stocks that can be bought after recent gap fills are GRUB. GRUB is a best in breed software play higher by 45% YTD and 41% over last one year period. It has solid earnings momentum with back to back gains of 9.1 and 22.6% on 8/4 and 4/27 after losses of 3.5 and 12.7% on 2/8 and 10/26. The stock is higher 5 of last 6 weeks, and one can make case on weekly chart it broke above a weekly inverse head and shoulders beginning the week ending 8/15/14, although last week did record a bearish shooting star at all time highs. Has acted well POST breakout from a 42.35 cup base trigger on 4/27 refusing to trade below. GRUB filled the gap on 8/11 from the 8/4 session and enter here and look to add on break above bull flag pattern of 56 which would carry a measured move to 66.
Trigger GRUB here.  Stop 52.

Stocks that can be bought after recent bullish piercing line patterns are CAVM. CAVM is a former best of breed semi play down 5% YTD and higher by 15% over last one year period and is now 22% off most recent 52 week highs. Decent earnings direction with back to back gains of 4 and 3.5% on 8/3 and 4/27 after losses of .6 and 5.5% on 2/2 and 11/2. The stock is down 8 of the last 13 weeks and the last 3 alone have slumped by a combined 12.5%. On the weekly chart one can see a long possible double top that was put in with weeks ending 6/19/15 and 5/19/17 with intraweek highs of 77.42 and 76.26 (not surprising as it broke to DOWNSIDE from 3 week tight pattern weeks ending 6/5-19/15 with all weeks CLOSING within just .18 of each other. Enter CAVM here after the piercing line candle completed on 8/11.
Trigger CAVM here.  Stop 57.

Stocks that can be bought after recent bullish engulfing candles are ADI. ADI is a semi play higher by 10% YTD and 24% over last one year period and sports a dividend yield of 2.2%. It has respectable earnings momentum with three consecutive positive reactions higher by 1.1, 4.8 and 4.4% on 5/31, 2/15 and 11/22 after a loss of 1% on 8/17 (REPORTS 8/30 before open). The stock is higher 6 of the last 11 weeks after being stopped at round 90 number on 5/31. A nice double bottom was seen in the 76 area from 7/3 and 8/11 sessions and a bullish engulfing candle from 8/11 found support at 200 day SMA. ADI reclaimed its 50 day SMA Monday and enter here and add to above cup base trigger of 90.59.
Trigger ADI here.  Stop 76.

Stocks that can be bought at the round numbers are CG. CG is a finnie play higher by 40% YTD and 33% over last one year period and sports a huge dividend yield of 8.5%. Earnings have been mostly higher with gains of 5.6, .6 and 1.9% on 8/2, 5/4 and 10/26 and a loss of 4.1% on 2/8. The stock is higher 13 of the last 16 weeks beginning with week ending 4/28 which jumped 10.3% and last week recorded bullish hammer candle in huge trade to register its fifth straight weekly CLOSE above round 20 number, with 3 of 5 intraweek trading below 20 (prior to that there were no finishes above 20 since week ending 9/11/15). Enter CG on pullback into 20 figure at 20.80.
Trigger CG 20.80.  Stop 19.50.

Stocks to be considered shorting opportunities are EXPE. EXPE is an online travel play higher by 30% YTD and 27% over last one year period and sports a small dividend yield of .8%. Earnings have ben mixed with gains of 3.4 and 4.1% on 7/28 and 10/28 and small losses of 1.8 and .5% on 4/28 and 2/10. The stock is lower the last 2 weeks by almost 10% and both were accompanied by elevated volume and CLOSED in lower half of weekly range. To its credit did find support last week near long weekly cup base trigger of 140.61 taken out week ending 5/19 which began week ending 11/6/15. Its 50 day SMA is beginning to flatline for first time in 5 months although it did record a bullish hammer which doubled as a harami last Friday, but look to short EXPE with move into line at 149.
Trigger EXPE 149.  Buy stop 151.80.

Buy after recent bullish inverse head and shoulders breakout WING here.  Stop 32.25.
Buy after recent gap fill GRUB here.  Stop 52.
Buy after recent piercing line pattern CAVM here.  Stop 57.
Buy after recent engulfing candle ADI here.  Stop 76.
Buy pullback to round number CG 20.80.  Stop 19.50.
Short into 50 day SMA EXPE 149.  Buy stop 151.80.

Stocks to Watch - August 14th, 2017
short term buyer above 32.80 seller below 32.30
 
 
 
SIRI : BACK AND FILLED NICELY CLOSED THE GAP PERFECTLY AND HAD A NICE BULLISH DAY ON LITE VOL....LIKE TO BUY IT AROUND 5.48 TO 5.51 AREA WITH A 5.45 TIGHT STOP IN THESE MKT'S.
 
 
  
 
LOOKS BETTER AND NEEDS A CATALYST TO GET A PULSE IN THE STOCK, HAS EXTREMELY LIGHT VOLUME AND NOT MANY SHARES OUTSTANDING WHICH IS TIGHTLY OWNED. AND THE MKT MAKERS CAN EASILY PLAY WITH THIS PUPPY AND WHIP IT AROUND ON ZERO....TOM CAN BE A GOOD BUY DAY EARLY  WITH AN ULTIMATE 5.30 STOP.
 
 
 

Stocks to Watch - August 10th, 2017
Markets remained in the red all day Wednesday but managed to finish off lows with the S&P 500 ending fractionally lower. The Nasdaq was the weakest of the big three but it did cut a morning deficit of .9% into .3% by 4pm. As we spoke of the Dow's respectable 10 session winning streak coming to a halt Tuesday, the Russell 2000 has done nearly the opposite FALLING 7 of the last 10 days and it is looking at a potential 3 week losing streak after consecutive bearish shooting weekly candle stars ending 7/21-28. Today the index was a clear laggard falling .9% and slicing the round 1400 number which was ample support in June and July and it is decisively below its 50 day SMA but is still making higher highs and lows. Looking at individual groups today winners were hard to come by with the defensive staples group outperforming and utilities and cyclicals lagging. The energy sector seems to be garnering a lot of attention and I do not have much of an opinion on the direction of the space as the XLE still is battling within a strong ongoing downtrend 17% off most recent 52 week highs. There does seem to be a slew of things working against it with the emergence of the solar group as millennials demand alternative sources, companies such as Volvo declaring an all electric fleet in the years ahead and word came out recently the energy legend Andy Hall closing his flag ship hedge fund due to severe negative returns. These events are washing out sentiment in a contrarian fashion for the bulls, but for me as a technician I would need to see some PRICE confirmation before I became an interested long participant. Some transports are perking back up as they have been soft recently and below is the chart of CSX, it was higher by 1.1% on a somewhat soft tape and completed a three white soldiers pattern, and how it appeared in our Monday Game Plan. To be clear the trigger was NOT hit but could be a bright spot for the overall market if these space and get its act together and continue its climb upward. The bulls are singing the old song The Little Engine, I think I can, I think I can, I think I can.
Stocks that can be bought as they take out weekly bullish ascending triangles are SKX. SKX is a retail play higher by 17% YTD and 22% over the last one year period. Earnings have been mixed with gains of .7 and 19.3% on 7/21 and 2/10 and losses of 2.6 and 17.3% on 4/21 and 10/21. The stock is lower 4 of last 5 weeks with 4 down weeks CLOSING in upper half of weekly range and is most likely digesting 6 week winning streak ending between 5/26-6/30 which jumped 25% (stock may be getting its mojo back as it recorded a 25 of 29 week winning streak ending between 1/23/15-8/7/15). Enter SKX with a buy stop above 30.25 which carries a measured move to 41 (weeks ending 3/31 and 7/7 were stopped cold at 30 figure).

Trigger SKX 30.25.  Stop 27.40.

Stocks that can be bought as they fill in gaps are WST. WST is a healthcare play higher by 2% YTD and 6% over last one year period and sports a small dividend yield of .6%. Earnings have been mixed with gains of 10.3 and 2.6% on 4/27 and 10/27 and losses of .4 and 5.6% on 7/27 and 2/16. The stock is lower 7 of the last 9 weeks and now 14% off most recent 52 week highs, and notice how the round numbers came into play with par resistance on 6/5 and 80 support on 7/27. WST is holding near 200 day SMA and Tuesday recorded both doji and bullish harami cross and today recorded a hammer to CLOSE above the 200 day. Look to enter near gap fill from 4/26 session at 85.
Trigger WST 85.  Stop 82.75.

Stocks that can be bought as they pullback into recent cup base breakouts are XRX. XRX is an "Old tech" play down 8% YTD and 19% over last one year period and sports a nice dividend yield of 3.1%. Earnings have been mixed with gains of 5.8 and 2.8% on 8/1 and 10/28 and losses of 1 and .3% on 4/25 and 1/31. The stock is on a current 6 week winning streak higher by a combined 13% with excellent volume trends including last 2 weeks advanced nearly 9%. The trend changed firmly after week ending 1/6 jumped 7.3% in 2nd best weekly volume in last 5 years. Enter XRX on pullback into break above 30.86 cup base trigger on 7/25 at 31.50. On weekly chart one can see nice long cup base shaping up that began in December '14.
Trigger XRX 31.50.  Stop 29.05.

Stocks that can be bought at support within bullish falling wedges are BBRY. BBRY is an "old tech" play higher by 30% YTD and 15% over last one year period. Earnings have been mixed with gains of 11.5 and 5.7% on 3/31 and 9/28 and losses of 12.2 and 2.7% on 6/23 and 12/20. The stock is lower 6 of the last 9 weeks and this week by 5.1% heading into Thursday, but to put it in context just prior to that it nearly doubled as it rose 9 of 10 weeks ending between 3/31-6/2. It now sits 24% off most recent 52 week highs and look to enter here as it touches the bottom of a bullish falling wedge and knowing the 200 day SMA is not far below.
Trigger BBRY here.  Stop 7.85.

Stocks that can be bought as they take out weekly bull flag patterns are JUNO. JUNO is a healthcare play higher by 56% YTD and lower by 6% over the last one year period. Earnings have been mixed with gains of 2.8 and 12.3% on 8/4 and 11/9 and losses of 7.7 and 10.6% on 5/5 and 3/2. The stock is lower 3 of the last 5 weeks and this week by 1.6% thus far, but it most likely digesting the 3 week winning streak ending between 6/16-30 which rose an impressive 35%. Look to enter JUNO with buy stop above 30.30 and a weekly CLOSE above 30 figure. Notice 5 of last 7 weeks have traded intraweek above 30, but recorded zero finishes above. A breakout carries measured move to round 40 number.
Trigger JUNO 30.30.  Stop 28.55.

Stocks that can be bought as they initially touch their 50 day SMAs after recent breakouts are SQ. SQ is a payment services play higher by 88% YTD and 130% over last one year period. Its last earnings reaction was first drop in last 5 losing 4.7% on 8/3. The prior 4 all advanced by 8.9, 14, 6.4 and 8.4% on 5/4, 2/23, 11/2 and 8/4. The stock is higher 25 of the last 40 weeks more than doubling in the process and this year has produced four double digit weekly gains of 10, 20.5, 12.1 and 11.6% ending 1/6, 2/24, 5/26 and 7/14. Enter SQ  at 25.25 as still here off initial touch of line after break above 18.27 cup base trigger on 5/1, and it is also retesting a good looking flag breakout trigger taken out on 7/11.
Trigger SQ 25.25.  Stop 24.35.

Trigger summaries:
Buy stop above weekly ascending triangle SKX 30.25.  Stop 27.40.
Buy gap fill WST 85.  Stop 82.75.
Buy pullback into recent cup base breakout XRX 31.50.  Stop 29.05.
Buy at support in bullish falling wedge BBRY here.  Stop 7.85.
Buy stop above weekly bull flag JUNO 30.30.  Stop 28.55.
Buy initial touch of rising 50 day SMA after recent breakout SQ 25.25.  Stop 24.35.

Stocks To Watch - August 9th, 2017
The XLU rose .4% but was the only major S&P sector to gain ground today and is now sniffing out a 54.73 cup base trigger and a break above would make it an all time high. Below is one of our favorite plays in the group ETR and how it was profiled in our Monday Game Plan this week. It never ventured to far below its 50 day SMA and is now looking to perk back above the line as a good looking tight cup base takes shape.
Stocks that can be bought at the round numbers are HRB. HRB is an accounting play higher by 32% YTD and 27% over last one year period and sports a nice dividend yield of 3.2%. Earnings momentum solid with back to back gains of 7.9 and 14.9% on 6/14 and 3/8 after losses of 2.4 and 10.5% on 12/8 and 8/31 (REPORTS 8/31 after close). The stock is higher 15 of the last 23 weeks advancing 50% in the timeframe and on the weekly chart one can see the nice double bottom at very round 20 number the weeks ending 5/6-13/16 and 2/24/17. Enter HRB here as stock pulled back 5% and right at round 30 number and add to weekly cup with handle trigger of 31.80 in pattern that began week of 11/6/15.
Trigger HRB here.  Stop 29.

Stocks that can be bought as they take out bullish inverse head and shoulders formations are CWH. CWH is a consumers goods play higher by 1% YTD and 46% since inception last October and sports a dividend yield of 1%. Earnings have been mostly higher with gains of 3.9, 1.9 and 1.7% on 8/7, 2/27 and 11/6 and a loss of .8% on 5/8. The stock is higher 7 of the last 10 weeks including nice weekly gains of 7.2 and 9.4% ending 6/9 and 7/14, and this week has added 2.7% thus far. Notice also that the last 4 weeks have CLOSED remarkably tight with just .20 of each other. Enter CWH with a buy stop above inverse head and shoulders at 33.50 which carries a measured move to 41. One can add to above a cup base trigger of 36.70.
Trigger CWH 33.50.  Stop 31.50.

Stocks that can be bought as they take out bull flag triggers are TSS ASML. TSS is a finnie play higher by 31% YTD and 30% over the last one year period and sports a dividend yield of .8%. Earnings have been mostly higher with gains of 1.8, 7.1 and 5.7% on 7/26, 4/26 and 10/26 and it fell 2.8% on 1/25. The stock is on 5 week winning streak up by a combined 10% and a potential 3 week tight pattern is forming depending on Fridays CLOSE. It has displayed good action POST breakout from cup base trigger of 55.58 on 7/26 and notice great support in early July with initial touch of rising 50 day SMA. Enter TSS with a buy stop above bull flag trigger of 65 which carries a measured move to 73. A breakout achieves all time highs.
Trigger TSS 65.  Stop 63.

ASML is a best in breed semi play higher by 36% YTD and 40% over last one year period and sports a dividend yield of .8% (this semi name has held up very well in a soft group recently and should be taken note of). Earnings have beeb mostly higher with gains of 5.1, 6.1, 1.7 and 2.4% on 7/19, 1/18, 10/19 and 7/19 and a loss of 2.9% on 4/19. The stock is higher 4 of the last 5 weeks with 3 week ending between 7/7-21 gaining 18% and the last 2 bullishly consolidating that move ending essentially UNCH. ASML has a bull flag forming at all time highs with nice recent support at round 150 number. Enter with a buy stop above 155.50 carries measured move to 180 and breakout achieves all time highs and volume tailing off in flag just what you want to see.
Trigger ASML 155.50.  Stop 151.

Stocks that can be bought after recent bull flag breakouts are JKS. JKS is a Chinese solar play higher by 87% YTD and 49% over the last one year period. Earnings have been mixed with gains of 4.7 and 6.4% on 2/27 and 11/6 and losses of 8.4 and 6.7% on 6/5 and 8/25 (REPORTS 8/24 before open and FSLR earnings were well received and SPWR and RUN shaky). The stock is higher 3 of the last 4 weeks with all four CLOSING at or well into upper half of weekly range. The last 2 have digested the huge 33% jump the 2 weeks ending between 7/14-21. Enter JKS here after Mondays break above a 28.25 bull flag trigger (breakout has measured move to 36). A move above 29.60 would end a tough string of lower weekly highs dating back to weeks ending 1/10/14, 3/7/14, 9/19/14, 6/26/15 and 12/25/15.
Trigger JKS here.  Stop 26.40.

Stocks that can be bought as they take out their 50 day SMAs and added to above future valid base triggers are COUP. COUP is a software name higher by 23% YTD but lower by 7% since inception last October. Earnings momentum is headed in wrong direction with back to back losses of 8.5 and 11.7% on 6/6 and 3/14 after a gain of 6.6% on 12/6. The stock is lower 5 of the last 9 weeks and now 26% off most recent highs, but most likely digesting the prior 7 of 10 week winning streak ending between 3/31-6/2 including big gains of 16.6 and 14.9% ending 4/14 and 5/12. Enter COUP with a decisive reclaim of 50 day SMA at 31.50 and add to above cup base trigger of 37.83. Notice how recent lows successfully retested the break above a cup base trigger of 29.35 from 4/17.
Trigger COUP 31.50.  Stop 29.80.

Trigger summaries:
Buy at round numbers HRB here.  Stop 29.
Buy stop above inverse head and shoulders formation CWH 33.50.  Stop 31.50.
Buy stop above bull flag TSS 65.  Stop 63.
Buy stop above bull flag ASML 155.50.  Stop 151.
Buy after recent bull flag breakout JKS here.  Stop 26.40.
Buy stop above 50 day SMA COUP 31.50.  Stop 29.80.

ChartSmarter Monday Game Plan 8/7/2017 - By Doug Busch (Charter Market Technician)
Markets showed modest gains Friday and it was the Dow in the spotlight as it is on a current 9 session winning streak and higher 3 of the last 4 weeks and each of the 3 advancing weeks finished higher better than 1%. Its dominance is in full force as it outperformed the Nasdaq and S&P 500 everyday this week and it recorded its first bullish MACD crossover this week since last November. The S&P 500 chart does not look so bad as another bull flag formation takes shape. The last 3 weeks have coiled very taut with each week CLOSING within just 4 handles, and the old adage goes never short a dull market. A CLOSE above 2480 would register a breakout and notice there has been a tug of war there with 5 of the last 9 sessions trading at or above it intraday with zero finishes above. The weekly S&P 500 chart does show two consecutive doji candles. The Nasdaq has fallen 2 straight weeks, but the combined damage is less than .6%, but it has not recorded a 3 week losing streak since the weeks ending between 6/10-24/16. Perhaps the tech heavy index is just digesting its early bug run lately and on a YTD basis still commands respect as it has risen 18% compared to the Dow and S&P 500 up by 11.7 and 10.6%. Looking at individual sectors on a slightly longer term basis the utilities are acting firm. On a one week and one month basis it is second best among the major S&P sectors higher by 1.4 and 4% and on a 3 month timeframe it is third best advancing 5.4%. It confirms my belief that investors are becoming a bit more cautious and defensive in their investing decisions. Does it mean we head lower overall? I have no clue and only PRICE will let us know. The energy and retail groups were making their presence felt and retail seems to be gathering a bit more momentum. Within any group there obviously will be winners and losers but it pays to see which names are outperforming within a weak group as they could be the first to sprint higher once the sector shines. In the retail space that could be a VFC or a PVH which ignored the softness (one leader that has ran into big problems is ULTA now in bear market mode off 21% from most recent 52 week highs). Another possibility is the chart of FIVE, and below is how it was profiled in our Wednesday Game Plan this week. The round 50 number is coming into play but the charts complexion is looking much better as it now trades back above its 50 day SMA for the first time 8 weeks.
Stocks that can be bought as they take out weekly bullish ascending triangles are POST. POST is a best in breed food play higher by 7% YTD and lower by 1% over last one year period. Earnings have been mixed with gains of 3.2 and 1.7% on 8/4 and 2/3 and losses of 5.5 and 3.2% on 5/9 and 11/18. The stock is on a 4 week winning streak up 10.8% in the process (has been recording higher weekly closes since October '14) and notice the 3 tight weekly CLOSES the weeks ending between 6/23-7/17 which all CLOSED within just .26 of each other. POST has formed a bullish weekly ascending triangle that is one year long and look to enter with a buy stop above 89.25 which carries measured move to 109.
Trigger POST 89.25.  Stop 85.

Stocks that can be bought as they take out bull flag patterns are CAT NRG. CAT is an industrial leader higher by 23% YTD and 38% over the last one year period and sports a dividend yield of 2.7%. It has solid earnings momentum with back to back gains of 5.9 and 7.9% on 7/25 and 4/25 after losses of .9 and 1.8% on 1/26 and 10/25. It displayed nice action this week finishing up .2% after the week prior jumped 7% and has acted well since the breakout above a weekly cup base trigger of 99.56 the week ending 4/28 and has doubled since the week ending 1/22/16. It also recorded a nice gap fill on 5/18 from 4/24 session. Look to enter CAT with buy a stop above 115 which carries measured move to 125.
Trigger CAT 115.  Stop 112.

NRG is a utility play higher by 99% YTD and 77% over the last one year period and sports a small dividend yield of .5%. Earnings momentum is heading in the wrong direction with three straight losses of 2, 5.4 and 1.2% on 8/3, 5/2 and 2/28 after a big gain of 8.9% on 11/4. This week the stock ended a 3 week winning streak falling 2.9%, but it has to be put into context as the week ending 7/14 jumped higher by 43.1%, not a typo, and the next two ROSE by another combined 8%. It has acted well POST breakout from a 19.17 cup base trigger taken out on 7/12 and now has set up a bull flag. Enter NRG with a buy stop above 25 which carries a measured move to 31.
Trigger NRG 25.  Stop 23.60.

Stocks that can be bought after bullish engulfing candles are CSX. CSX is a best of breed rail play higher by 36% YTD and 72% over the last one year period and sports a dividend yield of 1.6%. Earnings mostly higher with gains of 5.6, 3.1 and 4.4% on 4/20, 10/13 and 7/13 and losses of 5.1 and 3.2% on 7/19 and 1/18. The stock is on a 3 week losing streak falling 12% in the process and it has recorded 6 3 week losing streaks since week ending 4/15/16 and the following week rose all 6 occasions. It filled in a gap this week from the 4/19 session and recorded a bullish engulfing candle on 8/3. Enter on pullback into the candle at 48.25 knowing a rising 200 day SMA is not far behind for additional support. CSX is trading back near CLOSING price after takeover speculation was brought up 0n 1/19.
Trigger CSX 48.25.  Stop 45.

Stocks that can be bought as they take out their rising 50 day SMAs and added to above future valid base structures are ETR. ETR is a best in breed utility play higher by 5% YTD and lower by 6% over last one year period and sports a nice dividend yield of 4.5%. Earnings momentum is terrible with 5 consecutive negative earnings reactions falling .8, .9, .1, 2.1 and 1.1% on 8/2, 4/26, 2/15, 10/25 and 8/2. The stock is down 5 of the last 7 weeks, but still just 6% off most recent 52 week highs. On weekly chart looks like a long symmetrical triangle pattern that began dating back to week ending 1/2/15 and breakout has measured move of a big 30 handles. Enter ETR with a buy stop above 50 day SMA at 77.75 and add to through cup base trigger of 80.71.
Trigger ETR 77.75.  Stop 74.60.

Stocks that can be bought as they pullback into their 200 day SMAs are CNQ. CNQ is an energy play up 1% YTD and higher by 6% over the last one year period and sports a dividend yield of 2.7%. Earnings have been mixed with gains of 3.4 and 4.9% on 8/3 and 3/2 and losses of 4.5 and 2.8% on 5/4 and 11/3. The stock is on a current 4 week winning streak gaining a respectable 13.2% in the process. It has traded in a narrow range between roughly 27-34 for 14 months after doubling between the weeks ending 1/22-4/18/16. Look to enter CNQ at 31.25 on a pullback into its 200 day SMA and add to through 34 as that number has been resistance dating back to weeks ending 4/17-5/1/15, 12/2-16/16 and again from 4/7-21/17 (one weekly CLOSE above 34 week ending 12/2 barely).
Trigger CNQ 31.25.  Stop 29.60.

Trigger summaries:
Buy stop above bullish ascending triangle pattern POST 89.25.  Stop 85.
Buy stop above bull flag CAT 115.  Stop 112.
Buy stop above bull flag NRG 25.  Stop 23.60.
Buy after recent bullish engulfing candle CSX 48.25.  Stop 45.
Buy stop above 50 day SMA ETR 77.75.  Stop 74.60.
Buy pullback into 200 day SMA CNQ 31.25.  Stop 29.60.

Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE) - August 2, 2017

Anthony Denaro of Denaro Capital Partners highlights recent movement in ZYNE. The stock completed a 50% Retrenchment off of  recent highs Tuesday, it performed a reversal candle midday and bounced off strong support around the $12.50 price handle. Within 60 minutes the stock was back above $15 and should continue to test the 50 day and 200 day moving averages. The $18 level is major resistance, however it will have to get through $15.50 first which looks to be the next point of resistance. Should we get a back fill from today's move look for entry around the $13.50/$14.00 area. A break of $15.50 would be extremely bullish and set the stock up to push into the high teens.

Looking at a 5min chart - We can see the recovery off of the low.     

ImmunoGen, Inc. (NASDAQ: IMGN) - July 31, 2017

IMGN broke out on Friday (7/28) ending the trading session up 14%. The company reached a major inflection point evident in the freshly released earnings results. The company has had a pipeline of several intriguing wholly owned assets, but they have been in earlier stages taking time to mature. All that is changing. Analyst are upgrading the stock to Buy. Price targets are now in the low-teens. We see compelling opportunity. FST Members look for a Special Report on ImmunoGen from in your inbox or log into the website and look under Research Reports. This report and others on Technical Analysis are under Tech Talk, visit www.focusedstocktrader.com

Anthony Denaro of Denaro Capital Partners looks at the chart and provides his thoughts below:   
IMGN recently bounced off it's 50 day MA and needs to test break through 8 to in order to continue its march higher.  A failure to break $8 price level will result in a retest of the 50 day MA. A break of $8 and the stock could fill a gap up to $10 before it runs into any real resistance. A break of $10 could propel the stock as high as $14.  Anthony warns of some light resistance at $7.15 and support at $6.60 and $5.80.  

Looking at a longer term chart - We have a clean Cup and Handle Set up.
A Bullish Technical Pattern.    

Below are visualizations of the Cup and Handle Pattern.


Community Health Systems (NYSE: CYH) - July 27, 2017

Community Health Systems (CYH) shares fell in the extended session Wednesday after the hospital operator forecast a surprise loss for the quarter. Community Health Systems shares fell 15% to $7.18 after hours. The company said it expects an adjusted loss of 25 cents a share on revenue of $4.14 billion for the second quarter. Analysts surveyed by FactSet had forecast adjusted earnings of 6 cents a share on revenue of $4.04 billion.

Anthony Denaro of Denaro Capital Partners looks at the chart and provides his thoughts below:
"I would watch for CYH to pull back to 20 Relative Strength Index (RSI) which may signal a bottom and set up an opportunity for a quick and easy scalp on the recovery"
 
Many clients have expressed the desire to learn more about Technical Analysis. We are pleased to announce the introduction of FST Tech Talk featuring some of the best Technical Chart traders in the business and will consist of timely analysis on potential breakouts. We take your trading to the next level. 


Advanced Micro Devices, Inc. (NASDAQ: AMD) - July 26, 2017

AMD!! Our biggest position!! Learning from watching GOOGL get crushed after reporting very positive results earlier this week we sold half at $14.30 being prudent before the bell rang. Early into the after hour's session the stock was taken down to $13.60 (Our cost basis is $13.94). Once the report was released AMD skyrocketed higher. The remaining half of the position now has the potential to be a big winner. We will raising our STOP in the morning and will send via text. Make sure you are signed up to get our real time trade alerts. We don't try to get in at the bottom or exit at the top - we stay FOCUSED and book profits. This is a traders market!

We have been in and out of this stock numerous times over the past 12 months. Yesterday's report was a blockbuster. Strong guidance for Q3! Potential for positive cash flow for 2017!! We have been touting a potential test of 52w high of $15.55 it now it looks as we will open above that.Technically the stock has been consolidating in a an Ascending Triangle and looks ready to break out. With no real resistance on the horizon a test of $16.50 is not out of the question. With 17% of the float still short tomorrow should be an interesting day!

 


Zillow Group Rg-C (NASDAQ: Z) - July 26, 2017

Held and 3rd day rallied off 44 lows and now needs to clear 50 day to keep moving higher, MACDS starting to curl up a lil right below zero line. Closed at Res. 50-day RSI pointing up now. 

z1 ---


Goldman Sachs (GS) Update- July 21, 2017 

Denaro Capital Partners' President  Anthony Denaro earlier this week warned of a potential Death Cross occurring on Goldman Sachs. As predicted the stock dipped below support and is now falling. GS is down over 2% on the day.  See chart image below from July 19th:

GS July 19
See chart image below from today July 21st:  
GS- July 21


Sirus XM Holdings (SIRI) - July 20, 2017

Denaro Capital Partners' President  Anthony Denaro see's a potential breakout on SIRI.

If SIRI can close above yesterdays high with a small push later in the week the stock can test .48 area should we break through 50 on heavier volume the next resistance is .55 (7/13) if susccesful we can see a test of .63 on follow through.

If the stock closes below .38 cents this pattern will be invalidated. Take notice of the chart below and how it has held the 8 day ema and 13 day ema lines of support. 

Tech Talk


Goldman Sachs (GS)- July 16, 2017

Denaro Capital Partners' President  Anthony Denaro warns of a potential Death Cross chart pattern forming on Goldman Sachs (GS) which if holds, could drive the stock much lower. See chart image below:

GS