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04222014-EE

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Tuesday, April 22, 2014

Eye On Equities Charts: Technical Interpretation

Technical Charts and Commentary on today’s The Globe & Mail, Report on Business “Eye On Equities” column

COMMENT: Tuesday through Friday, The Globe & Mail, Report on Business features five commentaries, with accompanying charts, on “stocks that should be on your radar screen”. These highlight extracts are gleaned from current analyst recommendations. We provide our interpretation, from strictly a technical standpoint, of the stock charts for those companies mentioned. Our comments are neither an endorsement for, nor a disagreement with, the analyst opinions. All charts are based on End-Of-Day data, and do not take after-hours market activity into consideration.

Companies featured in Eye On Equities for Tuesday, April 22 include:

TransCanada Corp (TRP.TO) – Hold
CANADIAN OIL SANDS LIMITED (COS.TO) – Buy
Lululemon Athletica Inc. (LULU) – Sell
Bombardier Inc. (BBD-B.TO) – Hold
Plum Creek Timber Co. Inc. (PCL) – Buy

 

  ****  Featured Analyst  **** Average “Street”
Company Recommendation Target Price Target Price
TransCanada Corporation Hold $54.00 $54.40
Canadian Oil Sands Limited Buy $28.00 $21.73
lululemon athletica inc. Sell $47.00 $58.11
Bombardier Inc. Hold $4.75 $4.25
Plum   Creek Timber Company Inc. Buy $47.00 $45.56
Closing 52-Week 52-Week Market Cap
Company Symbol Price High Low (million)
TransCanada Corporation TRP $49.39 $51.89 $43.94 $36,290
Canadian Oil Sands Limited COS $24.04 $24.16 $18.85 $11,550
lululemon athletica inc. LULU $49.07 $82.50 $44.32 $7,130
Bombardier Inc. BBD.B $4.01 $5.43 $3.44 $7,070
Plum   Creek Timber Company Inc. PCL $42.46 $54.62 $40.57 $7,520

Our presentation is provided in audio-video format. (NOTE: All of our charts are color-coded: Buy is Blue; Sell is Red.) To view our presentation, click anywhere on the chart shown below.  

 

Stephen Whiteside Stock Market Timing

Bob Weir Independent Equity Research ________________________________________________________________________________________

04222014

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Tuesday, April 22, 2014

FM Charts: Technical Interpretation

Technical Charts and Commentary on Yesterday’s CNBC’s “Fast Money” FINAL TRADE Recommendations

COMMENT: If you follow CNBC’s Fast Money program, you will be interested in our interpretation, from strictly a technical standpoint, of the stock charts for those companies mentioned in yesterday’s FINAL TRADE. Our comments are neither an endorsement for, nor a disagreement with, the opinions given on the program. All charts are based on End-Of-Day data, and do not take after-hours market activity into consideration.

On CNBC’s FAST MONEY program, in the segment “FINAL TRADE for Monday, April 21”, the Analysts discussed the following stocks or ETFs:

Dan Nathan: International Business Machines Corporation (IBM) - Sell (Short)
Brian Kelly: iShares 20+ Year Treasury Bond (TLT) - Buy
Steve Grasso: Tesla Motors, Inc. (TSLA) - Buy  
Guy Adami: Facebook, Inc. (FB) - Buy

  Recommendation
IBM Corporation Sell (Short)
iShares 20+ Year Treasury Bond   ETF Buy
Tesla Motors, Inc. Buy
Facebook, Inc. Buy
Closing 52-Week 52-Week Shares O/S Market Cap
Company Symbol Price High Low (million) (million)
IBM Corporation IBM $192.27 $211.98 $172.19 1,041.341 $200,219
iShares 20+ Year Treasury Bond   ETF TLT $109.96 $124.26 $101.17 32.500 n/a
Tesla Motors, Inc. TSLA $204.38 $265.00 $47.75 123.192 $25,178
Facebook, Inc. FB $61.24 $72.59 $22.67 1,975.722 $120,993

Our presentation is below. However, to access the actual CNBC Fast Money program for Monday, April 21,
click here:  http://video.cnbc.com/gallery/?video=3000268853

(NOTE: All of our charts are color-coded: Buy is Blue; Sell is Red.)

Our commentary on the FINAL TRADE recommendations is presented in audio-video format. To view our presentation, click anywhere on the chart shown below.  

Stephen Whiteside Stock Market Timing

Bob Weir Independent Equity Research ________________________________________________________________________________________

02192014

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Wednesday, February 19, 2014

FM Charts: Technical Interpretation

Technical Charts and Commentary on Yesterday’s CNBC’s “Fast Money” FINAL TRADE Recommendations

COMMENT: If you follow CNBC’s Fast Money program, you will be interested in our interpretation, from strictly a technical standpoint, of the stock charts for those companies mentioned in yesterday’s FINAL TRADE. Our comments are neither an endorsement for, nor a disagreement with, the opinions given on the program. All charts are based on End-Of-Day data, and do not take after-hours market activity into consideration.

On CNBC’s FAST MONEY program, in the segment “FINAL TRADE for Tuesday, February 18”, the Analysts discussed the following stocks or ETFs:

Tim Seymour: SINA Corporation (SINA) - Buy
Pete Najarian: Carnival Corporation (CCL) - Buy
Anthony Scaramucci: Ford Motor Co. (F) - Buy
Guy Adami: Silver Wheaton Corp. (SLW) - Buy

    Closing 52-Week 52-Week Shares O/S Market Cap
Company Symbol Price High Low (million) (million)
SINA Corporation SINA $73.43 $92.83 $45.54 66.753 $4,902
Carnival Corporation CCL $39.76 $41.89 $31.44 592.240 $23,547
Ford Motor Company F $15.39 $18.02 $12.10 3,873.585 $59,614
Silver Wheaton Corp. SLW $25.76 $35.01 $17.75 354.920 $9,143

To access the CNBC Fast Money program for Tuesday, February 18, click here:    http://video.cnbc.com/gallery/?video=3000246826     

(NOTE: All of our charts are color-coded: Buy is Blue; Sell is Red.)

Tim Seymour: SINA Corporation (SINA) - Buy
Our Recommendation – Stay Long

Our target for this trade, which started three days ago, is the bottom of the Open Gap. Traders can remain long this stock until we see a daily close below $67.46 (see chart below). With the recent up-move, this break-down point will continue to move higher.

20140219-SINA

Like many stocks and indexes that we are tracking right now, this stock has been able to move higher without the Pros taking control. This tells us that most of the buying that we have seen over the past week has likely been short covering. (Lower Blue Line = the Pros; Lower Red Line = the Public). If the trend continues, the Pros will soon gain control, which is a positive factor.

20140219-SINA1

If this rally continues, our first target is $78.13.

20140219-SINA2

Pete Najarian: Carnival Corporation (CCL) – Buy
Our Recommendation – Sell on a daily close below $39.60

Carnival has been on a Buy signal for the past two weeks, but has been unable to gain much traction. Tuesday’s trading action was rather negative for this stock as it took us down through the lower channel line. A daily close below $39.60 would give us a new daily Sell signal.20140219-CCL

While this stock has been on a Buy signal for the last two weeks, the Pros have still not taken  control, although they recently came close.

20140219-CCL1

If you are interested in buying this stock, we would do so on the first close above resistance at $40.63. A break-out above the January highs (around $41.60) should let this stock run-up to $43.73 (two lines up).

20140219-CCL2

Anthony Scaramucci: Ford Motor Co. (F) – Buy
Our Recommendation – Stay Long

Ford generated a Buy signal as of Friday’s close. Traders can remain long this stock until they see a daily close below $14.92.

20140219-1

While we have some upward price momentum, the Pros are nowhere near taking control of this stock at this time. This situation could certainly change, but right now our price expectations are rather muted.  20140219-11

A break-out above $15.63 should take us up towards $16.41, with a possible stop at the Open Gap just below that level.

20140219-111

Guy Adami: Silver Wheaton Corp. (SLW) – Buy
Our Recommendation – Avoid

Yes, we are bullish on this stock. Unfortunately, all of the easy money has already been made. The last Low Risk Buying Opportunity for this stock came in December. This stock is currently ranked a 10 on our scale of 0 to 10, telling us that it is currently extremely overbought.

20140219-SLW

In the chart below, you can see when the Pros took control in late December.

20140219-SLW1

Trading in this stock, like Silver itself, has been very sloppy over the last couple of months. Traders who do want to jump on board right now can remain long until we see a daily close below $23.06. This break-out point will continue to rise daily. Traders who have been in this trade since the beginning should be selling some of their stock right now and locking in some profits.

20140219-SLW2

 

Stephen Whiteside Stock Market Timing

Bob Weir Independent Equity Research

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02042014

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FM Charts: Technical Interpretation

Tuesday, February 4, 2014

Technical Charts and Commentary on Yesterday’s CNBC’s “Fast Money” FINAL TRADE Recommendations

COMMENT: If you follow CNBC’s Fast Money program, you will be interested in our interpretation, from strictly a technical standpoint, of the stock charts for those companies mentioned in yesterday’s FINAL TRADE. Our comments are neither an endorsement for, nor a disagreement with, the opinions given on the program. All charts are based on End-Of-Day data, and do not take after-hours market activity into consideration.

On CNBC’s FAST MONEY program, in the segment “FINAL TRADE for Monday, February 3”, the Analysts discussed the following stocks or ETFs:

Tim Seymour: Kansas City Southern (KSU) - Buy
Brian Kelly: CurrencyShares British Pound Sterling Tr (FXB) - Sell
Karen FinermanApple Inc. (AAPL) - Buy
Guy Adami: The Hartford Financial Services Group, Inc. (HIG) - Buy

    Closing 52-Week 52-Week Shares O/S Market Cap
Company Symbol Price High Low (million) (million)
Kansas City Southern KSU $100.25 $125.95 $92.50 110.209 $11,048
Currency Shares British Pound ETF FXB $160.66 $163.90 $146.26 0.350 n/a
Apple Inc. AAPL $501.53 $575.13 $385.10 892.551 $447,641
Hartford Financial Services Group Inc. HIG $36.18 $36.76 $22.64 447.083 $16,175

To access the CNBC Fast Money program for Monday, February 3, click here:  http://video.cnbc.com/gallery/?video=3000242187    

(NOTE: All of our charts are color-coded: Buy is Blue; Sell is Red.)

Tim Seymour: Kansas City Southern (KSU) - Buy
Our Recommendation – Stay Short

Kansas City Southern has been on a daily Sell signal since late December. Currently, we see no sign that the Pros would like to come back and take control of this stock.

20140204-KSU1

If we close below last week’s low, then this stock is likely heading down to $87.50, which is both a daily and weekly price target. See chart below.

20140204-KSU2

Looking up, this stock has had a hard time getting back up and over the bottom of the Open Gap. The top of the Open Gap could potentially become a price target. Traders that are currently short this stock can remain so until we see a daily close above $183.53. A daily close above Monday’s high would be the first sign that something new is happening for this stock.

20140204-KSU

Brian Kelly: CurrencyShares British Pound Sterling Tr (FXB) – Sell
Our Recommendation – Avoid

While we agree with the call, this is not an ETF that we would want to trade. With an Average True Range of only 0.49%, this ETF was only able to move 4.065% from the November low to the January high. This would be an amazing move if you are trading the futures contract or Forex but, since it is an ETF, the experience would be similar to watching paint dry in a retirement home!!! Compare those results to the previous stock, which was able to drop 25% in just a couple of weeks. We would characterize that as a “Fast Money” trade, but not this ETF. Also, there are very few units outstanding with which to trade.

20140204-FXB

Karen Finerman: Apple Inc. (AAPL) – Buy
Our Recommendation – Stay Short

Everybody’s keeping an eye on Apple to see if it can hold $500 level.

20140204-apple

Even if it can, it will be a rough road back since the moving averages and the big Open Gap will all present areas of potential resistance.

20140204-apple1

Our channel lines are continuing to decline. We are currently looking for a daily close above $529.51 to generate a new daily Buy signal.

20140204-apple2

Guy Adami: The Hartford Financial Services Group, Inc. (HIG) – Buy
Our Recommendation – Stay Short

Yesterday’s trading action gave us no reason to want to buy this stock at this time. The Bulls are currently still optimistic as the stock continues to hold the 200-day moving average.

20140204-HIG

The first sign that something new is happening will be a daily close above yesterday’s high. To generate a new daily Buy signal, we will need a daily close above $34.15. This break-out point will continue to decline daily.

20140204-HIG1

 

Stephen Whiteside Stock Market Timing

Bob Weir Independent Equity Research

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01222014

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FM Charts: Technical Interpretation

Wednesday, January 22, 2014

Technical Charts and Commentary on Yesterday’s CNBC’s “Fast Money” FINAL TRADE Recommendations

COMMENT: If you follow CNBC’s Fast Money program, you will be interested in our interpretation, from strictly a technical standpoint, of the stock charts for those companies mentioned in yesterday’s FINAL TRADE. Our comments are neither an endorsement for, nor a disagreement with, the opinions given on the program. All charts are based on End-Of-Day data, and do not take after-hours market activity into consideration.

On CNBC’s FAST MONEY program, in the segment “FINAL TRADE for Tuesday, January 21”, the Analysts discussed the following stocks or ETFs:

Tim Seymour: Yahoo! Inc. (YHOO) - Buy
Steve Grasso: Alcoa Inc. (AA) - Buy
Karen Finerman: Citigroup Inc. (C) – Buy
Guy Adami: Nuance Communications, Inc. (NUAN) - Sell

    Closing 52-Week 52-Week Shares O/S Market Cap
Company Symbol Price High Low (million) (million)
Yahoo! Inc. YHOO $39.52 $41.72 $19.31 1,014.442 $40,091
Alcoa Inc. AA $12.13 $12.31 $7.63 1,069.602 $12,974
Citigroup, Inc. C $51.85 $55.28 $40.28 3,033.001 $157,261
Nuance Communications, Inc. NUAN $14.89 $24.85 $13.00 316.928 $4,719

To access the CNBC Fast Money program for Tuesday, January 21, click here:  http://video.cnbc.com/gallery/?video=3000237721


(NOTE: All of our charts are color-coded: Buy is Blue; Sell is Red.)

Tim Seymour: Yahoo! Inc. (YHOO) - Buy
Our Recommendation – Sell

After getting turned back at $42, Yahoo looks like it is ready to cycle down to the $34.00 area.

20140122-YHOO

Mathematically speaking, our target is $34.38 (see below).

20140122-YHOO1 We will remain short Yahoo until we see a daily close above $40.93. This break-out point is just starting to roll over and may take some time before it starts to decline.

20140122-YHOO4

Steve Grasso: Alcoa Inc. (AA) – Buy
Our Recommendation – Take Some Profits

Alcoa is now on its fourth day of the most recent Buy signal.

20140122-AA

Our price targets have expanded over the last week as Alcoa started to break out above the top of the range. Even with these new targets, Alcoa has moved enough that you should consider taking some money off the table and locking in profits today.

20140122-AA1

Karen Finerman: Citigroup Inc. (C) – Buy
Our Recommendation – Sell

Citigroup looks like it wants to cycle down to the $49.50 – $50 area.

20140122-C

We are currently projecting a move down to the 200-day moving average (thick blue trend-line below), which is continuing to rise towards the $50.00 area.

20140122-C1

We will remain short Citigroup until we see a daily close above $54.08. This break-out point will continue to decline daily.

20140122-C2

Guy Adami: Nuance Communications, Inc. (NUAN) – Sell
Our Recommendation – Avoid

After trading through the bottom of the Open Gap, our next logical target should have been the top of the Open Gap. Unfortunately, Nuance investors took too long and the 50-day moving average came down to block the advance.

20140122-NUAN

We are now on our second Sell signal since Nuance reversed off the November lows. We would strongly recommend that you focus on buying market-leading stocks on a pullback, rahter than bottom fishing the worst performing stocks. We like this company’s technology, but do not like the stock at the present.

20140122-NUAN1

 

Stephen Whiteside Stock Market Timing

Bob Weir Independent Equity Research

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01202014

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FM Charts: Technical Interpretation

Tuesday, January 21, 2014

Technical Charts and Commentary on Yesterday’s CNBC’s “Fast Money” FINAL TRADE Recommendations

COMMENT: If you follow CNBC’s Fast Money program, you will be interested in our interpretation, from strictly a technical standpoint, of the stock charts for those companies mentioned in yesterday’s FINAL TRADE. Our comments are neither an endorsement for, nor a disagreement with, the opinions given on the program. All charts are based on End-Of-Day data, and do not take after-hours market activity into consideration.

On CNBC’s FAST MONEY program, in the segment “FINAL TRADE for Friday, January 17”, the Analysts discussed the following stocks or ETFs:

Tim Seymour: Johnson & Johnson (JNJ) - Buy
Steve Grasso: Alcoa Inc. (AA) - Buy
Josh Brown: HomeAway, Inc. (AWAY) - Buy
Guy Adami: Jack in the Box Inc. (JACK) - Buy

    Closing 52-Week 52-Week Shares O/S Market Cap
Company Symbol Price High Low (million) (million)
Johnson & Johnson JNJ $95.06 $95.99 $72.42 2,821.438 $268,206
Alcoa Inc. AA $11.36 $11.53 $7.63 1,069.602 $12,151
HomeAway, Inc. AWAY $41.59 $42.57 $22.28 91.298 $3,797
Jack in the Box Inc. JACK $50.82 $51.26 $28.71 42.607 $2,165

To access the CNBC Fast Money program for Friday, January 17, click here:  http://video.cnbc.com/gallery/?video=3000236711 


(NOTE: All of our charts are color-coded: Buy is Blue; Sell is Red.)

Pete Najarian: Johnson & Johnson (JNJ) - Buy
Our Recommendation – Remain Long

It looks like Johnson & Johnson has completed its current up-cycle.

20140121-JNJ

And has run into resistance at the November highs. A break-out above these highs could take us up to $96.88 (see chart below).

20140121-JNJ1

Traders can remain long this stock until we see a daily close below $93.65 (next chart). This break-down point will continue to rise daily.

20140121-JNJ2

Steve Grasso: Alcoa Inc. (AA) – Buy
Our Recommendation – Remain Long

After pulling back to the 50-day moving average, Alcoa has now broken through the recent highs.

20140121-AA

The latest Buy signal came last Wednesday, so traders jumping in on Tuesday may find that momentum could start to fizzle very quickly. Traders can remain long this stock until we see a daily close below $10.34 (next chart).

20140121-AA1

Josh Brown: HomeAway, Inc. (AWAY) – Buy
Our Recommendation – Stay Long

(Please note, this stock is not currently in our database.)

The current trade started about a month ago, but Friday’s trading action did not give us any indication that a new break-out was about to start for this stock. Traders can remain long this stock until we see a daily close below $40.49 (see chart below).

20140121-AWAY

Guy Adami: Jack in the Box Inc. (JACK) – Buy
Our Recommendation – Stay Long

(Please note, this stock is not currently in our database.)

The current Buy signal for Jack in the Box came on last Tuesday’s close. With Friday being an Inside Day for this stock, we have no additional information that will cause us to want to add to this position based on Friday’s trading action. Traders can remain long this stock until we see a daily close below $48.96.

20140121-JACK

 

Stephen Whiteside Stock Market Timing

Bob Weir Independent Equity Research

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