Chart Of The Day

Historically speaking, Chart of The Day chose a potential setup at the start of each trading day that could lead to profits. Note, this is an archive as of 8/4/2007 and you can get current material at www.tatoday.com

 

Monday, July 23, 2007

CFK - Wedge - Go Long

Symbol: CFK
[X] Entry
Duration: 3 Months
Direction: Go Long

CFK is in the Industrial Equipment sector which continues to be bullish (see the cube rating below). It has been inching up lately to a potential breakout area and with earnings around the corner, that may be the impetus to spring forward. The volume flows are positive and although I've taken an intial entry, unless I get a pop before earnings, I'll likely be careful and use this as the first scale in if it remains positive. .

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Symbol = CFK Exchange = Russell
Sector = Industrial Equip Wholesle
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FUNDAMENTALS
Short Interest = 0.00%
Earnings Date = 2007/7/30
Beta = 0.51
PE = 12.1
1/2 yr Avg Volume = 43800

Institutional
Buying = 1527 Selling = 829 Holdings = 28.8%


EPS Current Quarter = 0.35
Previous Quarter = 0.30
2 Quarters Ago = 0.48
3 Quarters Ago = 0.22
4 Quarters Ago = 0.50
Percent Change Last = +18.22
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TECHNICALS
Stochastics =Bull MACD = Bull

TRADING CUBE TRENDS
TIME FRAME STOCK SECTOR Russell
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2 Weeks Bullish Sideways Bearish
3 Months Sideways Bullish Sideways
6 Months Bullish Bullish Sideways
12 Months Bullish Bullish Bullish
24 Months Bullish Bullish Bullish

Wednesday, July 18, 2007

DD - Breakout - Go Long

Symbol: DD
[X] Entry
Duration: 3 Months
Direction: Go Long

DD is a large cap stock in the DJIA which is benefiting from international exposure. It trades in the Chemicals sector and has been base building for months now. It looks primed to break out and is worth taking a hard look at before it breaks topside. Earnings are up in a few days and I don't know that it will wait on earnings to do its thing. .

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Symbol = DD Exchange = DJIA
Sector = Agricultural Chemicals
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FUNDAMENTALS
Short Interest = 2.04%
Earnings Date = 2007/07/24
Beta = 1.17
PE = 15.2
1/2 yr Avg Volume = 5013700

Institutional
Buying = 59155 Selling = 39924 Holdings = 68.4%


EPS Current Quarter = 1.02
Previous Quarter = 0.95
2 Quarters Ago = 0.52
3 Quarters Ago = 1.06
4 Quarters Ago = 0.88
Percent Change Last = +8.11
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TECHNICALS
Stochastics =Bull MACD = Bull

TRADING CUBE TRENDS
TIME FRAME STOCK SECTOR DJIA
======================================================================
2 Weeks Sideways Bearish Bullish
3 Months Sideways Bullish Bullish
6 Months Sideways Bullish Bullish
12 Months Bullish Bullish Bullish
24 Months Bullish Bullish Bullish

IAG - Broken Trend Line - Go Long

Symbol: IAG
[X] Entry
Duration: 6 Months
Direction: Go Long

IAG is in the precious metals sector. I've featured a few of these lately and this is another one that looks primed to run. Look at the nice volume spikes of late; the broken down trend line; the flag/wedge formation currently and the resistance lines being another $1 to $1.75 higher. Can't help but point out a sector that's both working and a lot safer than most in this market environment. .

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Symbol = IAG Exchange = SPX
Sector = Gold
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FUNDAMENTALS
Short Interest = 1.68%
Earnings Date = 2007/08/15
Beta = 0.65
PE = 26.4
1/2 yr Avg Volume = 1142300

Institutional
Buying = 34412 Selling = 27762 Holdings = 51.8%


EPS Current Quarter = 0.04
Previous Quarter = 0.04
2 Quarters Ago = 0.08
3 Quarters Ago = 0.17
4 Quarters Ago = 0.13
Percent Change Last = +2.00
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TECHNICALS
Stochastics =Bear MACD = Bull

TRADING CUBE TRENDS
TIME FRAME STOCK SECTOR SPX
======================================================================
2 Weeks Bullish Bullish Bullish
3 Months Bullish Bullish Bullish
6 Months Bearish Bullish Bullish
12 Months Bearish Bullish Bullish
24 Months Bearish Bullish Bullish

GLD - Wedge - Go Long

Symbol: GLD
[X] Entry
Duration: 6 Months
Direction: Go Long

GLD is in the ETF for gold in the precious metals sector. A year and a half ago, gold pushed to a high of $730 or so and since then has built out a huge upward sloping wedge formation. Lately prices have been very sticky as there is no willingness to sell any longer. That stick behavior and the fact that several o fthe metals stocks have taken out key swing points on volume suggests that a further rise is likely to unfold. Buying some here in anticipation of the next move is not a bad idea as long as you keep in mind what time frame you are working on with the trade..

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Symbol = GLD Exchange = SPX
Sector = Closed-End Fund - Equity
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FUNDAMENTALS
Short Interest = 0.00%
Earnings Date = No Date Set
Beta = 0.00
PE = 39.6
1/2 yr Avg Volume = 4963900

Institutional
Buying = 0 Selling = 0 Holdings = 0.0%


EPS Current Quarter = 0.52
Previous Quarter = -0.02
2 Quarters Ago = 0.24
3 Quarters Ago = 0.91
4 Quarters Ago = 0.03
Percent Change Last = +999.00
======================================================================
TECHNICALS
Stochastics =Bear MACD = Bull

TRADING CUBE TRENDS
TIME FRAME STOCK SECTOR SPX
======================================================================
2 Weeks Sideways Sideways Bullish
3 Months Sideways Sideways Bullish
6 Months Sideways Sideways Bullish
12 Months Bullish Sideways Bullish
24 Months Bullish Sideways Bullish

Tuesday, July 17, 2007

PAAS - Breakout - Go Long

Symbol: PAAS
[X] Entry
Duration: 6 Months
Direction: Go Long

PAAS is in the precious metals sector. It has been working to break above the swing point at the $29.45 area for the past few days. A break there will lead to a momentum move back to the highs. It looks to be a matter of time. It still could retrace back down into the range here so it's a speculative buy at this juncture. Stochastic is overbought so we may pull back once more before we take it out convincingly. If you set your time frames from 3-6 months though, it looks to be a winner. .

The precious metals sector is supportive of a move gain, the general market as well and the stock itself is gaining strength looking at the Cube readings. Short interest is also reasonably high for a stock of this size.

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Symbol = PAAS Exchange = NASDAQ
Sector = Silver
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FUNDAMENTALS
Short Interest = 3.38%
Earnings Date = 2007/08/13
Beta = 0.68
PE = 28.1
1/2 yr Avg Volume = 1137000

Institutional
Buying = 6012 Selling = 5109 Holdings = 40.5%


EPS Current Quarter = 0.27
Previous Quarter = 0.39
2 Quarters Ago = 0.22
3 Quarters Ago = 0.21
4 Quarters Ago = -0.04
Percent Change Last = -33.09
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TECHNICALS
Stochastics =Bull X MA MACD = Bull

TRADING CUBE TRENDS
TIME FRAME STOCK SECTOR NASDAQ
======================================================================
2 Weeks Sideways Bullish Bullish
3 Months Sideways Bearish Bullish
6 Months Bullish Bullish Bullish
12 Months Bullish Bullish Bullish
24 Months Bullish Bullish Bullish

Monday, July 16, 2007

UCO - Gap - Go Long

Symbol: UCO
[X] Entry
Duration: 3 Months
Direction: Go Long

UCO is in the Oil and Gas Equipment services sector and recently scored a gap up move which is holding. That sets up another attack at higher highs so I've taken a position in preparation for that move. General market is likely due for a pull back near term and that could cap any gains, but an entry position in this area is a likely good one assuming that the gap can hold on a near term basis. The Trading Cube also shows an almost picture perfert long position here

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Symbol = UCO Exchange = SPX
Sector = Oil & Gas Equipment/Svcs
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FUNDAMENTALS
Short Interest = 11.72%
Earnings Date = 2007/8/6
Beta = 0.99
PE = 30.5
1/2 yr Avg Volume = 452500

Institutional
Buying = 5723 Selling = 4128 Holdings = 95.0%


EPS Current Quarter = 0.48
Previous Quarter = 0.66
2 Quarters Ago = 0.83
3 Quarters Ago = 0.73
4 Quarters Ago = 0.70
Percent Change Last = -27.60
======================================================================
TECHNICALS
Stochastics =Bull MACD = Bull

TRADING CUBE TRENDS
TIME FRAME STOCK SECTOR SPX
======================================================================
2 Weeks Bullish Bullish Bullish
3 Months Bullish Bullish Bullish
6 Months Bullish Bullish Bullish
12 Months Bullish Sideways Bullish
24 Months Bullish Bullish Bullish

Friday, July 13, 2007

DEO - Wedge - Go Long

Symbol: DEO
[X] Entry
Duration: 3 Months
Direction: Go Long

DEO is in the beverages sector and after a long period of consolidation, yesterday it showed strength once more. In a bullish market I am looking for stocks that look relatively safe in the time frame we are trading them that can be pulled higher by the rising tide of higher prices in general. This looks like a decent candidate although I would be more interested if the sector showed more strength (see the cube below). As a result, this will be a smaller position.

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Symbol = DEO Exchange = SPX
Sector = Beverages-Winery/Distlers
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FUNDAMENTALS
Short Interest = 0.05%
Earnings Date = No Date Set
Beta = 0.05
PE = 20.4
1/2 yr Avg Volume = 526600

Institutional
Buying = 12783 Selling = 11221 Holdings = 15.4%


EPS Current Quarter = 0.36
Previous Quarter = 0.15
2 Quarters Ago = 0.35
3 Quarters Ago = 0.18
4 Quarters Ago = 0.31
Percent Change Last = +147.55
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TECHNICALS
Stochastics =Bull MACD = Bear X Up

TRADING CUBE TRENDS
TIME FRAME STOCK SECTOR SPX
======================================================================
2 Weeks Sideways Bearish Bullish
3 Months Sideways Sideways Bullish
6 Months Sideways Bearish Bullish
12 Months Bullish Bearish Bullish
24 Months Bullish Bearish Bullish

Thursday, July 12, 2007

JSDA - Trend Line Break - Go Long

Symbol: JSDA
[X] Entry
Duration: 6 Months
Direction: Go Long

JSDA is in the beverages sector and after a very hard correction it is starting to look very promising again. The chart shows a trend line break and with short interest at 30%, it could be a huge move when the shorts come home to roost.

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Symbol = JSDA Exchange = NASDAQ
Sector = Beverages-Soft Drinks
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FUNDAMENTALS
Short Interest = 29.77%
Earnings Date = 2007/7/30
Beta = 0.96
PE = 92.3
1/2 yr Avg Volume = 2192100

Institutional
Buying = 2686 Selling = 3461 Holdings = 36.0%


EPS Current Quarter = 0.00
Previous Quarter = 0.08
2 Quarters Ago = 0.01
3 Quarters Ago = 0.10
4 Quarters Ago = 0.00
Percent Change Last = -97.22
======================================================================
TECHNICALS
Stochastics =Bull X MA MACD = Bear

TRADING CUBE TRENDS
TIME FRAME STOCK SECTOR NASDAQ
======================================================================
2 Weeks Bullish Sideways Bullish
3 Months Bearish Sideways Bullish
6 Months Bullish Sideways Bullish
12 Months Bullish Sideways Bullish
24 Months Bullish Sideways Bullish

Wednesday, June 27, 2007

Gone Fishing

Time pressures are not allowing me to post here currently. It could be this way for a couple weeks; so gone fishing for a little while. Look back here in a couple weeks for us to start afresh.