You may recall Charming Shoppes Inc. (CHRS) from our mention of the stock back in mid-October, when the stock went on our watchlist as a potential buy candidate. We had an official buy signal based on our chart pattern requirement at the time, though we elected not to actually take the trade…. yet.
So are we [...]

I think I mentioned this a few days ago, but if not, the market continues to work its way into a dangerous situation. In short, each day that passes pushed the S&P 500 (and all the indices for that matter) closer to a fairly significant breakdown. The chart below says it all.
Technically speaking, the shape [...]

Though the term recession has been tossed around rather loosely as a description of things when times are ‘bad’, there’s actually a pretty distinct definition of what a recession is….. two consecutive quarters of a shrinking GDP. As far as helpfulness to investors goes though, I think it’s a pretty meaningless definition (not to mention [...]

One of the core ideas of my stock-selection strategy is to find groups (sectors and industries) that have not yet taken flight, and are not ripe for a big dose of profit-taking. The media doesn’t make that easy to do, since they tend to fixate an “what’s hot” right about the time it’s ready to [...]

I deliberately opened a can of worms this morning to establish the need and use of today’s ‘chart of the day’….. a chart you can plan on seeing on a fairly regular basis.
Per this morning’s portfolio snapshot and update, I hope its clear that the right sector, style, and market cap allocation is a major [...]

We’ve got two new additi0ns to our watchlist for today. Both have signaled a ‘buy’ based on the proprietary system, though we’re not actually pulling the trigger on either trade yet. (We do have a new stock to but though… click here to see the newest recommendation.)
Charming Shoppes Inc. (CHRS): The buy signal is valid, [...]

As a follow up to yesterday’s comments regarding energy’s revival at the financial sector’s expense, I want to share another series of charts that lets us ‘drill down’ into a sector, then an industry, and then to a specific stock, on order to find the strongest of the strong. Though pin-pointing where leadership is coming [...]

It comes as no surprise to me that the financial sector has posted the biggest gains since March’s low. It was, after all, the financial sector that lost the most ground between September of last year and March of this year. However, I’m starting to think the leadership we’re seeing from the financial stocks is [...]

It’s not going in the official portfolio (yet) simply because the stock doesn’t quite fit all of our system, and strategy criteria. I still though this chart of Krispy Kreme (KKD) was interesting enough to share though. The stock has made a major breakout above the resistance side of a long-term wedge/triangle formation. Normally I’d [...]

Before anybody gets too excited about today’s modest gain from the market, you should know that the S&P 500 has stalled at a major resistance level. The 1070/1080 are was a problem for the index in late September, and has – so far – not been hurdled by the market this time around. It’s still [...]