Sam Collins – September, 2015

The month below:

  • 20150930 Market in Death Spiral but Expect a Bounce. A sharp rally is likely to be fueled by short covering
    • Thus, at this time, only sell or sell short into rallies. Don’t get caught in a short-covering panic.
    • Trade: SIL (long) Silver Miners (SIL) May Shine in the Short Term.Global X Silver Miners could be forming a bullish deep ‘V’ bottom
      • Buy SIL under $6.35 for a two-month trade to $7.35
      • Close 6.31
  • 20150929 Biotech’s Slaughter Continues. The year’s best-performing sector fell into negative territory in just over a week
    • Buy quality and hold. Trade high-P/E stocks but be nimble.
    • Trade: JCP (long) JCP Stock Coming Back Into Fashion? J C Penney Company Inc pulled back on profit-taking following a high-volume breakout
      • My buy under price for JCP stock is $9 with a target of $12 by the end of the year.
      • Close 9.28
  • 20150928 Sell Into Any Rally This Week. We may see a bounce, but the downtrend is still intact
    • Trade: SSYS (long) Potential takeover target Stratasys, Ltd. looks very oversold
      • SYS stock can be bought under $28. Keep in mind that this is a very high-risk play
      • Close 28.84
  • 20150925 There are no signs of a bottom in European exchanges yet
    • Trade: VMW (short) VMW Stock is About to Come Crashing Down. VMware, Inc. is consolidating in a bearish formation usually seen near market tops
      • Sell VMW stock short at $80 with a trading target of $60
      • Close 78.83
  • 20150924 A break below the Dow’s October lows would seal the deal for the bears
    • A break below the October closing lows — 16,117 on the industrials and 7,717 on the transports — would seal the deal for the bears. The bulls are skating on very thin ice.
    • Trade: GDX (long) Market Vectors Gold Miners ETF is flashing positive technical signals
      • Buy GDX at $13.25 for a four-month trade to its breakdown point at $18
      • Close 13.26
  • 20150923 Time to Take the Bears’ Side. Traders should sell into rallies and launch bearish strategies
    • Aggressive traders should enter bearish option positions and short high-P/E stocks as well as those with a limited fundamental outlook.
    • Trade: ROK (long) A fall through a sharp downtrend line should trigger the next leg lower in Rockwell Automation
      • my recommendation is to either sell shares short on a rally to $106 or on a break below $102. My downside target for this short sale is $85
      • Close 70.69
  • 20150922 A breakdown could result in a 20% discount on many top biotech stocks
    • Trade: PRXL (long) SPAREXEL International Corporation is in a volatile but strong bull market
      • buy PRXL stock at $66 with a six-week trading target of $76
      • Close 70.69
  • 20150921 All indices display a bearish pattern with little to hold back the bear
    • Trade: SSS (long) Sovran Self Storage Inc formed a bullish arch following the recent market sell-off
      • my buy under price for SSS stock is $92 with a two-month target of $102
      • Close 92.53
  • 20150918 The Bear is on the Prowl. A new signal has enhanced the bearish implications of the pattern on two major indices
    • The CBR sells occurred just as both indices were approaching their immediate resistance lines, and each flashed higher-than-average volume.
    • Trade: BMRN (long) BioMarin Pharmaceutical Inc. (BMRN) could land speculators 20% returns
      • This Trade of the Day is for speculators only. Buy BMRN stock under $125 with a short-term trading target of $150
      • Close 133.79
  • 20150917 Pattern Warns of Further Decline Regardless of Fed.Two market-leading indices sport rising wedge formations
    • The slower rising resistance line of the bearish wedge indicates each new wave of buying is less powerful than the previous wave. Volume, therefore, declines as investment interest drops.
    • For more information on the rising wedge and other chart formations, check out “Technical Analysis of Stock Trends” by Edwards and Magee.
    • Trade: STJ (long) Trade of the Day: STJ Stock Looks Like a Gem. St. Jude Medical, Inc. is currently trading in a diamond consolidation pattern
      • Buy STJ stock under $70 with a six-month target of $90
      • Close 69.32
  • 20150916 An ascending triangle pattern provides near-term support and resistance levels
    • The first week of the reversal from 15,370, which established the current resistance line at 16,650, was on high volume. Volume has since fallen sharply, so that top has become a meaningful resistance line.
    • Trade: IBB (long)
      • buy IBB under $350 with a trading target of $400
      • Close 357.46
  • 20150915 Don’t Press Any Bets This Week. This is not the time to initiate new positions
    • Given Thursday’s juggernaut interest rate decision, this week is not a time to press any bets. Instead it is a week for risk management, observation and circling spots to get more active in again next week.
    • Trade: XLU (long) With rates likely to remain low, Utilities SPDR (ETF) looks like a good buy
      • Close 41.80
  • 20150914 The major indices are at an indecision point heading into the Fed meeting
    • With a Fed meeting this week and the indices at points of indecision, we would do well to stand aside and not try to outguess the Fed
    • Trade: NKE (long) Buying Nike Inc on a pullback could result in 18% gains
      • My buy under price for NKE stock is $106 with a three-month trading objective of $125
      • Close 111.82
  • 20150911 Right Triangle Still Looms Over Market. The NYSE Composite retreated back into the formation just as it looked like it would break to the upside
    • with Wednesday’s reversal, evolved into a bearish ascending triangle. This formation almost always breaks lower, and this puts the August closing low of 15,666 in danger of being penetrated.
    • Trade: LDSO (short) LDOS Sell LDOS stock short at $42 or higher with a trading target of $35
      • Sell LDOS stock short at $42 or higher with a trading target of $35. Not optionable
      • Close 42.30
  • 20150910 Market on Verge of Dow Theory Bear Market Signal. Industrials and transports in danger of violating August closing lows
    • with Wednesday’s reversal, evolved into a bearish ascending triangle. This formation almost always breaks lower, and this puts the August closing low of 15,666 in danger of being penetrated.
    • Trade: TSO (long) Tesoro Corporation has maintained its bull market despite the broad market sell-off
      • Buy TSO stock at $92 for a trade to $110
      • Close 90.29
  • 20150909 Market Coiling Up for a Breakout. The charts of the major indices are currently forming right triangle patterns
    • Falling volume is not supportive of a break against the near-term trend. So the current triangles are likely to break to the downside.
    • Trade: VLO (long) Valero Energy Corporation is one of the few energy stocks that has not broken its long-term uptrend lineector
      • My buy under price for VLO stock is $58. The target for this trade is the top of the Aug. 21 gap down at $67.10 within two months.
      • Close 60.82
  • 20150908 We could see a quick 5%-10% bounce before settling in for a longer, volatile test of the lows
    • I wouldn’t expect it to signal a major reversal. However, if you are a trader, you might consider a quick trade for a bounce of 5% to 10% before settling in for a longer, volatile test of the lows.
    • Trade: SNDK (long) Extended bear market in SanDisk Corporation presents new short selling opportunity
      • Sell SNDK stock short at $55 with a trading target of $45
      • Close 52.84
  • 20150904 So far, the ‘recovery rally’ is only mildly encouraging
    • Trade: TJX (long) TJX Companies Inc has been a steady performer in an otherwise uncertain sector
      • Buy shares under $69 for a three-month target of $76
      • Close 71.44
  • 20150903 Wednesday’s rally was a temporary relief, but that may be all it was
    • A correction of more than 10% has been accompanied by bearish breadth and high downside volume.
    • There is no firm confirmation of a big bad bear.
    • Trade: LUV (long) Southwest Airlines Co appears to have formed a deep ‘V’ bottom and just issued a buy signal
      • Buy LUV stock at $36 for a trading target of $46 by year end.
      • Close 37.72
  • 20150902 The worst monthly performance since mid-2012 was followed by more selling
    • Trade: SXL (long) T
      • The buy under price is $33 and my trading target is $40 within four months
      • Close 33.13
  • 20150901 Be on Alert for This Bear Market Signal. Traders should put some protection in place now to prepare for a potential downturn
    • if the industrials break below 15,871.35 on the close, a new downtrend will be set.
    • We are now in a bear market alert status.
    • Trade: CSC (long) A failure to regain its support line could result in a new low for Computer Sciences Corporation
      • CSC stock is a short-sale candidate at $62 or higher with a downside target of $52
      • Close 62.15
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