Posted: December 29th, 2009 at 3:07 pm EST
It was the technicals that first grabbed my attention with Community Bank System Inc. (NYSE:CBU). It was the fundamentals, however, that kept my attention. Both will be important if CBU is ever to make the leap from the watchlist to the actual portfolio.
I don’t know that I’ve ever mentioned this before, but my technical (chart-based) [...]
Posted: November 2nd, 2009 at 7:48 pm EST
After last week’s update to the portfolio – the one in which we added Teleflex (TFX) and subtracted Dynegy (DYN) – I received several questions about how I pick and choose which stocks stay and which ones get the boot. Here’s a little bit of the answer.
First and foremost, yes, I have an exit system [...]
Posted: October 30th, 2009 at 1:49 pm EST
Despite the market’s implosion, I actually found a very compelling bullish idea…. on a technical as well as a fundamental basis. Teleflex Inc. (TFX) is likely to be undervalued with its current P/E of 7.0. That valuation is being at least a little counter-balanced by the forward-looking P/E (which is far more important) of 12.5. [...]
Click here to read more!When I posted Monday’s chart of the day illustrating how the market was en route to snapping a very important support line, I had a bad feeling I’s be updating the chart real soon. And, the market didn’t disappoint me. The S&P 500 plunged under that support level with today’s 1.3% dip, and as such, [...]
Click here to read more!Posted: October 26th, 2009 at 5:12 pm EST
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 [...]
Posted: October 26th, 2009 at 4:24 pm EST
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 [...]
Every Saturday from now on we are going to highlight a group of articles from around that internet that has caught our attention during the week. Here are this week’s articles…
From Money Blue Book:
ETrade Online Broker: Discount Brokerage Account Review
From ETF DataBase:
The Definitive Oil ETF Guide: Crude Oil ETFs 101
From Pasadena Financial Planner:
Investment Asset Allocation
From [...]
Posted: October 16th, 2009 at 6:41 pm EST
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, [...]
Posted: October 15th, 2009 at 9:38 pm EST
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 [...]
Click here to read more!Posted: October 14th, 2009 at 3:55 pm EST
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 [...]
Click here to read more!