We took up a position in NVIDIA (Ticker: NVDA) at $109.35/share yesterday. Why? For only one reason – the downside momentum was overdone (See chart included here). There’s a problem with our cautious optimism, however. There’s likely more downside ahead – and soon. So in the immediate term, is this a “dead cat” bounce or…
On the one hand, the chart above is vitally important. On the other, it could be considered merely a forecast for entertainment purposes only. But at the core of this model, we have one thing that’s for certain: We have a general roadmap to use for 2024 when looking at the Dow Jones. The black…
Although the second half of 2024 is shaping up to be bullish after a decline this summer (yes, that’s our current forecast), not every winter season kicks off with a rally in the markets. Each year, investors expect a “Christmas Rally”. But investors should take a close look at the chart included here. This chart…
Investors should be on the lookout for a fall in IBM stock (Ticker: IBM) until late July. From there, the TradeTimingPro model is providing guidance for a rise in the stock until the 1st week of November 2024. For more detailed alerts sent out quarterly, sign up to the TradeTimingPro quarterly trade idea here.
We had a subscriber reach out to us asking about how to identify a “blow off top” or “blowoff top” in the stock market. (Click chart to expand). They’re relatively easy to spot – most easiest to spot AFTER they happen. However, investors and traders can often find clues of one forming on the horizon….
The chart included here (click on chart to expand) is not a chart intended to promote fear. In fact, the bull market party should continue for some time. It’s important to be long stocks right now. Here’s a chart for US Markets Net New Highs/New Lows to watch as well. However, since 2004, when the…
The TradeTimingPro model is flashing a buy signal for McDonald’s Corp (Ticker: MCD). A trigger for entry should be a break of the downtrend line and volume to accompany the rise into July. Look for best entry in the last trading week of June. Traders should also be looking for the stock to begin outperforming…
The TradeTimingPro model has revealed a performance pattern that has been effective since 2017 in Humana stock (Ticker: HUM). The model indicates that not only should the stock begin to find a new trend to the upside soon, but will also start to outperform the market as well. Traders interested in picking up shares should…
Depending on the volume statistics at the end of the trading day, risk is increasing in going long the market here and now. At the upper right hand corner of the screen, a gap up and subsequent heavy selling at the top of a market climb, is printing. We won’t know for sure until the…
If you’re seeking another stock market direction indicator, look to the sales volume of Heavy Weight Trucks (see data HERE). This data is an excellent “bottom fisher” forecasting tool to identify stock market bottoms. Heavy Weight Truck Sales has a cycle of about 9-10 years, similar to that of the well known decennial stock market…
