by Don Vialoux, Timingthemarket.ca
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StockTwits Released Yesterday @equityclock
S&P 500 Index has averaged a gain of 0.1% in February, positive 56% of the time.
Technical action by S&P 500 stocks to 10:15: Bullish despite weakness in the Index. Breakouts: $STZ, $FAST, $NEM, $CNP. Breakdown: $CAH
Editorās Note: After 10:15 AM, another 8 S&P 500 stocks broke resistance: ACN, CLX, CMS, CVC, DPS, HBI, SNI and TSN. No stocks broke support
Gold equities on both sides of the border continue to lead on the upside. Breakouts: $NEM, $NGD.CA
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Editorās Note: Add Agnico Eagle to the list.
āTis the season for gold equities to move higher prior to the PDAC convention (March 6-9th this year)!
Selected industrial stocks are breaking resistance: $CMI $FAST
āTis the season for Cummins Engines to move higher into spring!
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Traderās Corner
Daily Seasonal/Technical Equity Trends for February 1st 2016
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for February 1st 2016
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Sector Trends for February 1st 2016
Green: Increase from previous day
Red: Decrease from previous day
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Interesting Charts
After the close yesterday, Alphabet (GOOGL) reported higher than consensus earnings and revenues. The stock quickly moved to an all-time high. If strength extends to the opening, the stock will become the highest valued stock in the world, surpassing Apple.
Technical score on the Dow Jones Transportation Average increased yesterday to 0 from -2 when strength relative to the S&P 500 Index changed to neutral from negative. The Average recently move above its 20 day moving average. Short term momentum indicators are trending up. The Average typically forms a base pattern in the month of February prior to a significant seasonal trade into spring. Accumulation on weakness in the month of February makes sense.
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Special Free Services available through www.equityclock.com
Equityclock.com is offering free access to a data base showing seasonal studies on individual stocks and sectors. The data base holds seasonality studies on over 1000 big and moderate cap securities and indices. To login, simply go to http://www.equityclock.com/charts/ Following is an example:
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Editorās Note: Technical score for the Nikkei continued to climb to 2 from 0 when strength relative to the S&P 500 Index turned positive. āTis the season for strength into the first week of May!
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Adrienne Toghraieās āTraderās Coachā Column
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To Buy or Not to Buy
By Adrienne Toghraie, Traderās Success Coach
Why do people hold off making a purchase that would solve their problem of earning money? Twenty years ago there were very few strategies that a trader could purchase. Now, a trader can go from novice to professional in a few months if they make the right choices. So why donāt they?
Letās look at the mind of such a person.
1. I will look around first to make sure that I canāt find it cheaper. Perhaps, someone has listed it online for free. Perhaps I can get it from someone else. I believe in a bargain just like the next guy, but doesnāt the developer deserve to profit on what will make you profitable? Wouldnāt you want others to value your work by paying for your time when you put out a product that will improve their trading?
2. There is a new version that will come out that is even better.
There are always going to be new versions and updates to most everything. Why donāt you take on the challenge of upgrading it yourself? You might learn to be a top trader in the process with all the lessons you learn. With the money you earn from your profits, you will then be able to afford the upgrades.
3. Iāll spend the money when Iām ready. I should be able to figure it out for myself.
The average trader who does make profits by studying on his own takes an average of three years. (This is a small percentage of those who come into the business.) If time and energy is not money to you, then you should re-evaluate how you look at what you are worth. See you in three years, or so, or not.
4. I donāt want to be wrong in my choice.
Anything worth its value will have endorsements, test models or something to prove its worth. Settle on three choices of what you are looking for and then make a choice based upon what fits your criteria. If you keep looking for the Holy Grail, you will never find anything that will give you value. Perhaps, you should take up archeology.
5. I donāt want to kill the dream.
If you are in the business of trading for the dream, then keep dreaming. The good thing about the dream is that you get to be a top trader earning huge amounts of money and own a lot of toys. The bad thing about a dream that never ends is that you donāt get to have the big toys in this reality.
6. I need to hold on to a good excuse for not making money.
Perhaps, you have worked on your trading for three years on your own or have made some bad choices along the way in what you have purchased. Or, perhaps what you have purchased works for others and not for you. Maybe you need to spend the money on improving yourself before investing in another method. That is, if you have any money left to spend.
7. It might not work for me.
Youāre right and if it doesnāt, then do what it takes to work on yourself.
8. My spouse will be upset if I spend more money on something that has only caused losses.
Your spouse is right. Go back to the drawing board, come up with a plan, include her in in the plan. If you cannot convince her, then you either do not have anything that is viable or you have to get a new wife if you want to trade.
Conclusion
In the beginning there should be the dream. The dream goes on paper and now it is a plan. Seek out what will fit the plan asking questions of those who do not have a vested interest in your purchase. Get help if others are making money from the plan when you are not.
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Adrienneās Free Webinars
Adrienne presents free webinars on the psychology of trading
Email Adrienne@TradingOnTarget.com
Disclaimer: Seasonality and technical ratings offered in this report by www.timingthemarket.ca and www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.
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