Sam Collins – June, 2015

  • Short-term:
    • mildly bullish
  • Midterm:
    • Sideways until October.
  • Long-term: the long-term trend is still up.

  • 20150630 Is This Massive Sell-off a Buying Opportunity? Emotional reactions to outside events often cause false breakdowns
    • Trade: AAPL (long) The current market crisis has little to do with the success of Apple Inc.
      • buy AAPL stock under $122 for a trade to $150 in four months.
      • Close 124.66
  • 20150629 Investors should avoid all but extremely discounted value stocks
    • I’ll closely monitor the S&P 500 17-month chart, and if it renders a mid-month signal, I’ll let you know.
    • Trade: CMCSA (long) Comcast Corporation would make a welcome addition to both trading and long-term portfolios
      • My buy under price for CMCSA stock is $60 with a trading target of $66.
      • Close 61.27
  • 20150626 Don’t Panic on a Potential False Breakdown. Media hype and short-term anomalies could result in a false break on low volume today
    • Two unusual items could have an impact on trading today — rebalancing and Greece’s credit woes. Neither should have a long-term impact on the stock market.
    • we have reasons to pause when considering future investments.
    • Trade: IBM (long) Buy IBM stock in anticipation of a break above its 50-day moving average
      • Buy IBM at the market for a trading target of $175.
      • Close 166.08
  • 20150625 Why This Bull Market Has 2-3 Years Left. Despite warnings that the market is overheated, we have not yet entered the overvalued phase
    • The three phases of a bull market. We’re at the end of 2. We haven’t entered the overvaluation phase.
    • Trade: IYW (long) iShares Dow Jones US Technology (ETF) is trading in a powerful, well-defined bull channel
      • Buy IYW for a four-month trade to $118
      • Close 108.25
  • 20150624 If the market’s advance is to continue, large-cap stocks will have to catch up
    • Investors are clearly supporting mid and small caps at the expense of the big boys.
    • Trade: OXY (long) We have the chance to buy Occidental Petroleum Corporation on the cusp of a major breakout.
      • A break above $82 should result in a trade to $90
      • Close 43
  • 20150623 I’d like to see follow-through from the large caps, but the trend is undeniably up
    • I’ve got to go with the trend, and that trend is undeniably up. Buy with caution, but buy.
    • Trade: EEP (long) While Enbridge Energy Partners, L.P. presents some risk, the recent buy signal should not be ignored
      • buy EEP stock at $37 for a trade to $42
      • Close 36.82
  • 20150622 A swift drop at the close took back all of the day’s gains
    •  I think it best to interpret its impact as another false breakout and approach investments very cautiously.
    • Trade: BBBY (short) The bear market in Bed Bath & Beyond Inc. is far from over
      • sell shares short at $71 with a downside target of $63
      • Close 70.74
  • 20150619 The Bull May be About to Stumble. Prices will probably head slightly higher, but not enough to chase them
    • The bull is likely to stumble, and it’s best to stay away when he does.
    • Trade: HPQ (long) Hewlett-Packard Company is close to penetrating a major downtrend line
      • The trading target for HPQ stock is $38
      • Close 32.08
  • 20150618 Transports Don’t Paint a Pretty Picture for Rest of the Year.They are barely hanging onto a triple-bottom and face significant overhead resistance
    • Trade: CTXS (long) The breakaway gap in Citrix Systems, Inc. is likely to only be partially filled
      • The trading target is $78
      • Close 70.14
  • 20150617 Small and Mid Caps Continue to Hold Up the Market.
    • The small and mid caps are supporting the overall market and may even sustain a sideways trend through the summer until the cavalry comes to the rescue in October.
    • Trade: FDX (long) FedEx Corporation looks technically strong ahead of its earnings report
      • a trading target of $195.
      • Close 182.13
  • 20150616 T
    • W
    • Trade: VLO (long) V
      • A
      • Close 6
  • 20150615 T
    • W
    • Trade: VLO (long) V
      • A
      • Close 63
  • 20150612 Thursday’s follow-through wasn’t strong enough to surpass the short-term downtrend line
    • Traders should sell into the rally at the appropriate resistance lines of the major indices or enter bearish strategies with stop-loss orders just above the March highs.
    • Trade: STI (long) A technical breakout and upcoming interest rate increases bode well for SunTrust Banks, Inc.
      • The target for the breakout is $47
      • Close 43.86
  • 20150611 Despite the big jump, some major indices are still struggling
    • Sideways until October.
    • Trade: FITB (long) Fifth Third Bancorp has issued five buy signals in the past five months
      • The short-term trading target for FITB stock is $24.50
      • Close 21.29
  • 20150610 The bull is still alive but resting from the summer heat
    • W
    • Trade: KEY (long) KeyCorp has broken through a quadruple-top supported by a classic “V” formation
      • The trading target is $18
      • Close 15.34
  • 20150609 But smart investors will put emotion aside and trade the charts
    • Trade: LNC (long) Lincoln National Corporation bullishly broke from a complex quadruple-top
      • Buy LNC stock at $58.75 and set a new target of $67.
      • Close 59.40
  • 20150608 As we move closer to a rate hike, traders should focus their money here
    • Trade: KBE (long) SPDR KBW Bank (ETF) broke from an eight-month rectangle backed by a golden cross
      • The target for the breakout is $40
      • Close 35.99
  • 20150605 SPDR S&P 500 managed to hang on to its 50-day moving average
    • Trade: UNP (long) A potential selling climax in Union Pacific Corporation was followed by a buy signal
      • a 12-month price objective of $120.
      • Close 101.74
  • 20150604 The Dow Jones Utility Average is clearly telling us that there is a problem
    • Trade: DAL (long) A penetration of the 50-day and 200-day moving averages should propel Delta Air Lines, Inc. higher
      • Buy DAL stock at $43 with a trading target of $50
      • Close 43.24

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