Some Winning Stocks You Might Have Missed

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The overall market has been very choppy and that an be frustrating for a lot of traders. However, there were some real winning stocks this week. Did you catch them? Some of the highlights were $NBEV $TWTR $UBX

(Below is a sample of Alex’s work from throughout the week. )

(Below chart from 12/11)

NBEV  –  WHAT A RUN IN SEPTEMBER!    I bought NBEV  instead of  WTER and it moves fast.    It is pushing on the 50sma,  so lets take a look at WTER.

(Below chart from 12/14)

NBEV  – NBEV Reversed Thursday, and I think that it could drop to the $5 area,  if this is a back test of the 50sma.

 

(Below charts from 12/12)

TWTR  – The Stock Market (NASDAQ)  is back at the October lows,  but  TWTR  moved from $26 at the October lows to almost $36 in at October highs, and now it is still at $34 and looks ready to break out even higher.   And…

 

TWTR  – I stepped back and saw

1.  A large inverse H&S formed

2.  With price now above the 50sma,  and

3.  The 50sma is already curling upward.  This looks Bullish now.

(Below chart from 12/14)

TWTR  –   This remains a bullish set up.  I  personally would not use too  tight of a stop on a set up like this.  A stop under the 200sma should keep you in the trade and not have to worry about the wiggles.   This has rallied since the October lows and did NOT follow the markets back down to the lows, so it is a bullish set up.

 

(Below chart from 12/6)

I said that I bought UBX near the 50sma, and it continued higher.

 

(Below chart from 12/14)

UBX  –  This stock just will not stop  🙂     $12 to almost $17  since last week.   I liked this one for the volume coming out of that base too.

 

As a bonus: Keep an eye on Oil.

(Chart from 12/14)

WTIC  –  Oil seems to be basing after putting in  a low 9 days ago, and the MACD is rising. This looks pretty promising.

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Friday Dec 14th – Still A Little Choppy

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SPX #1 -  I captured this after the first hour of trading and I posted it in the chat area. Each morning Gap higher ends up selling off.  Would this be bought up into the close this time ?

 

SPX #2  - No, it closed slightly red.  I have been watching the Cycle count in anticipation for a DCL ( ICL).  I said that day 18 was too early and  now we have a day 28 low.  THAT  might also be a bit early too, since many daily cycles extend to 30 plus days.   This could just surge higher and be counted as day 4 Friday,  but take a look at this...

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Dec 13th – Mainly Picks

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The outlook for the Markets has not changed from my prior reports with the trading on Wednesday,  so today we will mainly look at some more Picks.  I also want to look at Oil and cover something important with the Miners,  so let's begin, this is a long report...

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Wednesday Dec 12th – Stock Pickers Market

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Tuesday Dec 11th

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Dec 8th Big Picture Ideas Coming Together

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SPX  WEEKLY - So far this looks quite similar to the Early 2018 Choppiness,  but I did explain one big difference in Fridays report ...

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Dec 7th – Fast Markets, Fast Reversals

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  After dropping 800 points on Tuesday, if I told you that the DOW JONES rallied more than 700 Points on Thursday, would you believe me?

 Well, it actually did,  but that was only after it dropped over another 800 points first!  These markets have been fast, choppy, and Crazy at times.    Within just 1 week we saw 2 Bullish bursts after Powell and the G20 Mtg, followed by 2 days of crashing  that actually erased weeks of trading.

  Well, today is Friday,  the last trading day of the week.    Let's look at some of the market action, and this weekend I will cover more detail in the Big Picture Weekend Update. ...

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SPX #1-  Day 26 of this daily cycle saw a  big crash & a big reversal too.  What Might be next in the short term ?

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December 6th – Thursdays Trading

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Well, it has only been 1 trading day since my last Tuesday morning report, what has changed since then?  The Theme Picture of this report is a hint. Wow!

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Review for those that need it:   The markets have been very volatile lately.  Since the Sell off in the month of October to a trade-able Low, the trading has been very choppy ( as expected).  As of last week, we had a 'Powell Pop' 5 trading days ago, and then price moved to the 50 & 200 sma as we approached the 'G20 Weekend Meeting'.  The daily cycle was  getting old at day 23, and that 50 & 200 could be strong resistance, so what would happen after that G20 Meeting?  Well,  Monday had another Gap open higher, right above both the 50 & 200 sma, but it closed in a doji candle with a gap under it.  That looked very strong & convincing for this daily cycle, but I did note that the Doji could indicate a dip down to close that gap.   A stop under the 10sma was advised.    Well, from there, we can discuss Tuesdays trading,  a day that actually saw the Dow lose 800 Points!

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OIL UPDATE DEC 5th

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Just a quick update of what we at Chartfreak were looking for with Oils recent plunge.

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OIL – Nov 20th, I was telling my readers that I would be watching for a break above the 8 ema, to make a safe entry at a swing low.  Each pause sideways was breaking down  ( Bear flags) .

 

NOV 23-  Each pause in the drop remained a bear flag, the 8 ema still capping any progress

 

 

WTIC  NOV 27th –  This is very oversold and also we were keeping a cycle count.  The daily cycle near 70 days was VERY extended, so again, we are watching for a break out above that 8 ema  ( or 10sma) .

 

 

WTIC NOV 29th,  we had a reversal or pause and it was late time-wise,  so we stayed on alert for a break out

 

 

I even did some research and looked back at another similar deep sell off  ( in the summer of  2015), and saw that it lasted 61 days ,  then after the break of the 8 ema,  it eventually bounced to the 50sma.  A good trade with leverage or options.

 

 

We finally had our break out, and this could be a signal to go long  (with a stop) .

 

DEC 5th  ( Today)  we have a swing low and a back test.

 

THIS IS WHAT WE HAVE WAITED FOR AS A SAFER ENTRY , WHERE WE CAN PLACE A STOP AND AVOID GUESSING

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SO  I also was monitoring the XLE with Oils sell off –  IT RESISTED OILS SELLING  TOWARD THE END.

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XLE NOV 29 – We saw a falling wedge and I would expect at least a run to back test the 50sma, but possibly more if this is a yearly cycle low in Oil.

 

 

XLE POPPED on Dec 3rd  and…

 

XLE #1 –   It dropped with the Tuesday Market sell off.  So far, we have a Back test of the 10sma & Higher?  Or…

 

XLE #2 –  Back test the wedge & Higher?   

 

Time will tell, but a stop can be placed under recent lows , and you may even choose to trade options or GUSH. 

 

So this is how we have been tracking OILS big sell off, and the possible opportunity that could come after a low forms.   We are also looking at Oil & Energy Stocks.  Will the market sell off drag them down?  I will update these developments in future premium reports.  We may have a major buying opportunity here,  time will tell 🙂

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Why not join us if you think that this kind of analysis would assist you with your trading style too. Thanks for being here at Chartfreak!

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~ALEX

 

Tuesday Dec 4th

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As a reminder: The stock market is closed on Wednesday.   Most were buying or adding to positions Minday, based on previous reports and the discussion in the comments section.  Let's  take a look at what happened during Mondays trading...

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