Sam Collins – April, 2015

  • Short-term:
    • bearish
  • Midterm:
    • down
  • Long-term:
    • the long-term trend is bullish

  • 20150430 Can Key Support Lines Hold? A failure would likely lead to a test of 200-day moving averages.
    • Trade: DUK (long) DUK Stock Screams Undervalued. A pullback offers an excellent opportunity to buy Duke Energy Corp
      • Buy DUK stock under $78 with a seven-month trading target of $84
      • Close 78.43
  • 20150429 Utility Stocks Look Like a Great Bargain. This group is currently an attractive alternative to higher-risk sectors
    • Trade: RAX (long) RAX Stock Issues Strong Buy Signal. It confirms the recent breakout in Rackspace Hosting, Inc.
      • My trading target for RAX stock is $62
      • Close 54.24
  • 20150428 Expect a round of profit-taking as a result of the negative technical performance. 2 Major Indices Execute a Bearish Key Reversal Day
    • Small- and mid-cap stocks continue to lose momentum with the Nasdaq performing a bearish key reversal off a new intraday high. It will surprise some technicians that the S&P 500 also executed a reversal.
    • Trade: VMW (long) VMware, Inc. sliced through a resistance line on a classic breakaway gap
      • The trading target for this breakout is $96
      • Close 88.96
  • 20150427 The Russell 2000 appears overpriced and due for a round of profit-taking
    • There is no long-term bubble despite the media’s continued harping about one.
    • Trade: NKE (long) Nike Inc is in a powerful bull market supported by a recent “W” consolidation
      • Buy NKE stock on a break above $102 with a trading objective of $112
      • Close 101.11
  • 20150424 My New Target for the Nasdaq. The bullish “W” formation on the chart provides a fairly reliable target of 5,200
    • I’m still long-term bullish, but the daily and weekly fluctuations are hard to predict.
    • Trade: BRCM (long) Another Beat, Another Chance to Buy BRCM Stock
      • Buy BRCM stock under $44.44 for a trading objective of $50
      • Close 45.44
  • 20150423 The index is in view of its all-time closing high from March 2000
    • I’m still long-term bullish, but the daily and weekly fluctuations are hard to predict.
    • Trade: BA (long) A post-earnings sell-off in Boeing Co is offering up a bargain
      • My trading target for BA stock is $164
      • Close 151.28
  • 20150422 The charts of the Dow and Russell 2000 offer an interesting comparison
    • Unless we see a new high from either the small and mid caps, or the S&P 500 and Dow soon, my appraisal is that until late September to October the stock market will continue at a slow, sideways pace with at least one major correction down to the 200-day moving averages of the major indices.
    • Trade: CAT (long) Caterpillar Inc. looks ready to break through a resistance line at $85
      • A high-volume break through the resistance line should result in a quick trade to $94
      • Close 83.88
  • 20150421 The recovery bounce may have come as a relief, but the technical picture has not changed
    • The cat had a bounce, but in my opinion, it is as dead as it was on Friday’s close.
    • Trade: IBM (long) A post-earnings sell-off could offer a good entry point
      • Buy shares under $160 for a trading target of $175,
      • Close 166.53
  • 20150420 Market Finally Reveals Its Direction. Traders should revert to bearish strategies, but timid investors will lose
    • The market has finally revealed its intermediate-term direction and it is down. Thus, traders should revert to bearish strategies.
    • In the long run, aggressive buying into weakness produces winners and the timid will lose.
    • Trade: GDX (long) Market Vectors Gold Miners ETF closed above a triangle and is threatening to break resistance
      • A quick short-term trade to the January high above $23 is likely
      • Close 19.72
  • 20150417 It could turn out to be a long and maddeningly slow summer for stocks
    • Trade: NUE (long) Buy Nucor Corporation in anticipation of a break through its downtrend line
      • Buy NUE stock at the market. The trading target is $54,
      • Close 47.38
  • 20150416 There’s a Better Place to Invest Than Big-Cap Energy. Energy Select Sector SPDR (ETF) looks like it needs a rest
    • Trade: OIH (long) Put the Market Vectors Oil Services ETF (OIH) and its top holdings on your buy list
      • Buy OIH under $37 with a target of $45,
      • Close 38.48
  • 20150415 The trading zone is narrowing but not yet giving a clue which way it will break

    • The market’s squeeze is most pronounced on the S&P 500. As noted above, the trading boundaries are very tight and could break in either direction.
    • Trade: ENY (long) Guggenheim Canadian Energy Income ETF is attacking a triple-top
      • Buy ENY at the market for a trading target of $13.50 by August,
      • Close 11.26
  • 20150414 The transports should eventually reveal the ultimate direction of the market

    • Regular readers are aware of my concern about the poor price action in the Dow Jones Transportation Average.
    • Trade: RS (long) Shares are trading in a narrow bull channel with solid support
      • buy RS stock at my buy under price of $58 with the trading target of $70
      • Close 60.02
  • 20150413 With so many imponderables, it’s hard to forecast which way stocks will break

    • The overall trend is up, so we will give a slight edge to the bulls.
    • Trade: CAM (long) Watch CAM Stock for a Buy Signal
      • Buy CAM stock on a break through the current immediate resistance line at $49 by entering a buy-stop order at $49. My trading target is $57.
      • Close 48.18
  • 20150410 Energy stocks pushed the major indices higher, but small caps suffered a minor reversal.

    • We await the Q1 scorecard for guidance.
    • Trade: SLB (long) Schlumberger’s break above the bearish resistance line was confirmed by multiple buy signals
      • Buy SLB stock under $87 with a trading target of $95
      • Close 88.45
  • 20150409 The bar is now so low in some sectors that it won’t take much to exceed forecasts

    • Trade: TLSA (long) The recent bounce gives traders a good opportunity to enter new short sales in Tesla Motors Inc
      • The recent bounce gives traders a good opportunity to enter new short sales at $210 or higher. The target remains $150,
      • Close 207.75
  • 20150408 The market finally appears to be placing weight on Q1 earnings

    • We await the Q1 scorecard for guidance.
    • Trade: WBMD (long) WebMD Health Corp. broke from a bull channel, supported by high volume and a buy signal
      • My trading target is the July high at $53.
      • Close 47.01
  • 20150407 With such a lousy jobs report, there can be little doubt of the Fed’s influence on stock prices

    • The market’s 18 times earnings may be too rich, and it is doubtful it can be maintained.
    • Trade: TM (long) Toyota Motor Corp (ADR) established an orderly bull channel after a breakaway gap.
      • Buy TM stock under $138 with a trading target of $150
      • Close 160.64
  • 20150406 The large-cap indices are flashing some warning signs

    • The overall picture is that of a change in trend for global stocks. While mid- and small-cap stocks are still in a powerful bull market, those with global markets are in trouble.
    • Trade: ATI (long) Allegheny Technologies appears to have formed a bottom and is attacking its downtrend lineindustry bode well for KRE
      • Buy ATI stock under $31 with a trading target of $36
      • Close 30.57
  • 20150402 Key indices are balanced on important support lines

    • We will continue to be patient, trying to buy our favorite names at the prices we desire.
    • Trade: KRE (long) Protection from a strong dollar and a growing housing industry bode well for KRE
      • A break above $42 would most likely result in a run up to $50,
      • Close 40.70
  • 20150401 April is historically a strong month but could see more reversions to the mean

    • our trusty long-term S&P 500 17-month moving average shows that the bull is still in his pasture.
    • There may be more reversions to the mean before April is behind us. However, the statistics for April are very positive.
    • Trade: TD (long) Toronto-Dominion Bank issued the third buy signal from my proprietary indicator
      • Buy TD stock at the market for a three-month trade to $50
      • Close 42.85
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