Tag: Mid-Day Report

12 Stocks Making New 52-week Highs

Posted on by The INO.com Team

One thing I like to look at are strong trending stocks and nothing indicates a strong trending stock better than new 52-week highs.

If you didn't already know this, there is an easy way to find stocks that are making 52-highs using MarketClub's Smart Scan Technology. You can find stocks in US, Canadian, and Australian markets and have the option of filtering and looking for just certain stocks that meet your criteria.

For my purposes today, I looked at stocks that traded at $20 a share or higher, had a daily trading volume of 2 million shares or higher, and I just scanned US exchanges.

Here's a list of the 12 stocks that met the criteria I set up: Continue reading "12 Stocks Making New 52-week Highs" →

Can Earnings Be Predicted?

Posted on by The INO.com Team

Today, I'm going analyze three stocks that are releasing their earnings after the close today. I'm going to see if I can determine where the stock is headed after earnings.

I'll be using the Trade Triangle technology to help me analyze the direction of the market in a very methodical way, all before the companies report their earnings.

Here is what the experts are estimating for earnings for each of the three companies. Autodesk Inc. (NASDAQ:ADSK) estimated to earn .08 cents a share. The Fresh Market Inc. (NASDAQ:TFM) estimated to earn .22 cents a share and The Gap Inc. (NYSE:GPS) estimated to earn .63 cents a share. The earnings are a consensus view of many analysts that track these stocks. Continue reading "Can Earnings Be Predicted?" →

Two Stocks That Deserve Your Attention Today

Posted on by The INO.com Team

When I was combing through the recent Trade Triangles scan this morning, two stocks jumped out at me. These two stocks have been in disfavor with investors and were generally cast aside by the general public.

The first stock I will be looking at today is Yelp, Inc. (NYSE:YELP). This stock traded over the $100 level back in the first quarter of 2014. Since that time the stock has generally eroded and recently traded down to the $20 area. This morning, Yelp triggered a buy signal with a green monthly Trade Triangle at $27.70. This signal represents the first monthly signal since 10/13/2014 when a red monthly Trade Triangle was triggered at $64.70. I have an upside target for Yelp of $40, which represents a 61.8% Fibonacci retracement. Continue reading "Two Stocks That Deserve Your Attention Today" →

Did Yesterday's Rally Cause A Reversal In The Market?

Posted on by The INO.com Team

While the rally yesterday was dramatic and to the upside, I don't believe that it was enough to reverse the decline set by the previous weeks drop. Yesterday, The Trade Triangle's indicated that a move to the sidelines was in order and a neutral stance should be adopted. I feel that is the optimum position to have at the moment.

Many of the indices are now back to an area that should provide some resistance to yesterday's rally. One of the things I will be watching closely this week is how the markets close on Friday. Especially with next being be a short and abbreviated trading week because of Thanksgiving.

Overall, 2015 was not a good year for hedge funds. I made that statement before, but several major hedge funds have dramatically reduced their exposure to stocks, I think this is a smart move as I still feel as though this market is undecided as to which direction it wants to go. Continue reading "Did Yesterday's Rally Cause A Reversal In The Market?" →

Paris - A Seminal Moment In History

Posted on by The INO.com Team

Make no mistake about it, the horrific terrorist acts that took place in France on Friday were indeed an act of war against the West. French President Francois Hollande should be congratulated for calling the attacks for what they were and not hiding behind some politically correct verbiage. Our hearts and prayers go out to the people of France and indeed to Europe.

My concern is, what is going to happen to the markets and how the events in Europe are going to translate across the Atlantic to our equity markets. The world continues to change but one thing is for sure, we're all linked financially for better or worse.

Let's take a look at the major indices individually and and see what's happening this afternoon. Continue reading "Paris - A Seminal Moment In History" →