Tuesday, February 26, 2019

One of the most active stocks today is trying to break out !!

From the desk of Sagar Nandi @ SuperiorProfit

One of the most active stocks today is a cannabis stock trying to break out of Memory resistance!

CUE 360° analysis summary

$ACB is relatively new stock and its performance may be decided more by its own strength than by anything else. The stock is breaking out of resistance and is outperforming the market. It may give a Go With Flow long setup today which will also be a Breakout long setup.

I am sharing it as a possible technical trade setup. The stock is relatively new. Its performance may be decided more by its own strength than its industry as a whole (unless cannabis related regulatory news is expected that may move all the cannabis stocks as a whole).

All the snapshots are taken around 10:10 AM EST 26th Feb 2019, Tuesday. Numbering in the text below follows the marking on the pictures.

IMPORTANT: As the price may move up or down during the day, you may confirm a swing trade setup at or near market close.

CUE Technical Analysis

Weekly Backdrop chart template.

1) Weekly Backdrop candle color is bullish (cyan). 

Daily Entry chart template.

2) Daily is bullish in terms of Swing indicator (which means the stock is in an uptrend with higher highs and higher lows). The stock is also above the white and yellow Direction lines, confirming the uptrend further.

3) ACB was inside a triangle pattern formed by Resistance and Support Memory trendlines.

4) Today the stock is trying to break out of the triangle pattern, to the upside. Daily Flow candle color is cyan. This is signaling a Go With Flow trend following long trade setup.

5) Relative Performance is sharply tilting up, showing that ACB is outperforming the market.


6) Today ACB has positive news related to the increase in its production capacity.

7) It is also one of the most active stocks today in the USA market as of this time.

Thursday, January 24, 2019

Shortcuts inside of MetaStock

Do you like shortcut keys?

Do you wish you knew MetaStock's shortcut keys?

If you answered yes to either of these questions, then this list is for you:

Shift f1 - Help Mode
Ctrl C - Copy to Clipboard
Ctrl X - Cut to Clipboard
Ctrl V - Past from clipboard
Delete - Delete Selected Item from a chart
Alt + Delete - Delete all items on a chart
Tab Select Next Item
Shift Tab- Select Previous Item
Ctrl Z  - Undo last action
Ctrl Y - Redo last action
Alt Right Arrow - Move forward one security
Alt Left Arrow - Move Backward one security
Ctrl Right Arrow - Scroll chart Left
Ctrl Left Arrow - Scroll chart right 
Note - You can also use the wheel mouse to scroll left and right.  
Ctrl + Zoom In
Ctrl - Zoom out
Note You can use Ctrl and the wheel mouse to zoom in and out.
Ctrl F - Open Forecaster
Ctrl I - Insert Indicator
Crtl O - Open chart file
Ctrl N - Create a new Layout/Composite file
Ctrl S - Save a chart
Ctrl P - Print a chart.
Alt Enter - Display properties of selected items
Ctrl D - Start the Downloader
Ctrl E - Run the Explorer 
Ctrl T - Run System Tester
Ctrl R - Run Expert Advisor
Ctrl I - Run Indicator Builder
Ctrl W - Open Power Console
Another thing I find extremely helpful.  When you'd like to change securities, simply start typing a new Symbol and hit Enter and it will jump to any new symbols. 

Hope its helpful.    

Happy Trading,
Jeff Gibby
Director of Sales.  

Wednesday, January 16, 2019

Validate your stock news before taking your trade

Validate your stock news before taking your trade

From the desk of Sagar Nandi at Superior Profit

You read a piece of news about some stocks you know in the newspaper. The paper seems to make a sensible point about buying the stocks. You rush to your broker and place your trade to buy those stocks. After all, the news claimed that some of the largest funds in the world are accumulating the stocks. All you had to do is to piggyback on them. Right? Wrong.
It is not the point whether the analysis in the news makes sense or not. It is about whether the stock meets the buy criteria. Don’t you have a system using which to buy? Well, then you are going to drain your account down one way or the other. Be it because of news trading or not. Before thinking of investing in the next stock, the sensible thing to do will be to acquire a robust and easy to use a system and learn how to use it.

Once you have a system, the system should provide you with enough trading opportunities through meaningful scans. And if you hear about some stocks in the news, you can use the same system to validate if it is allowing you to buy.
Here is a real-life example. On 15th January 2019, CNBC published an article titled “Singapore shares are ‘cheap’ and ‘attractive’ — and major wealth managers say it’s time to buy”. No doubt the wealth managers disseminated that information out of a feeling of generosity to help you make a ton of profit. We get that.

Still, as a disciplined trader, we would like to validate the stocks with our own system. Whatever be the system that we are using. Let me use the CUE system to look at some of the stocks mentioned in that article. Three banking stocks: DBS, UOB, and OUB.
Regarding fundamentals, the article claimed that the stocks are (a) cheap historically and regionally, (b) good dividend payers. Let me validate that using CUE Vital stock scorecard which calculates scorecard across various dimensions including valuation, growth, dividend, etc. Reading from the attached snapshot of CUE Vital:

(1) None of the stocks has an optimal valuation. They are all overvalued, and that is shown by the Valuation score being in magenta color.
(2) All the stocks pay a decent dividend. That is a valid reason to look for buying opportunities in these stocks.
(3) Though the valuation is not optimal as per Vital calculation, all the three stocks have reasonable earnings growth in recent quarters. That shows the stocks are improving their performance and that can be one reason to consider buying these stocks.
That was our fundamental analysis. What about the stocks being cheap relative to their history? We use CUE Pendulum chart (that shows price extremes using color codes) to see if the stocks are at a historically low price. Here is that chart for DBS. Red or magenta candles show historically low prices. And you will start to look for buying opportunities when a stock begins to move up from there. Using that technique, you would begin to look for buying opportunities in DBS in the 23-23.5 price range. It has gone up from there; not very far, but has gone up.

Could you buy the stock decisively in the last few days or weeks? Yes, you could. Using CUE At A Glance weekly-daily templates that shows unambiguous checklist-based trade-setups, you could buy DBS on 4th Jan 2019 as it was bouncing up from the Memory support trendlines in daily and weekly both.

(1) The daily chart displayed a Bull Release signal as the stock went up from Watermark pivot support as well as Memory trendline support.
(2) The weekly had Memory support at the same price level.
(3) The weekly had displayed the unique CUE Headwind possible reversal signal a few weeks earlier. That effectively could catch the very low of the stock.
The news report mentioned the stocks on 15th Jan. As per our above objective analysis, that was a bit late to buy the stock. From CUE buy signal day of 4th Jan to the news date of 15th Jan, the stock had gone up by 7.4%. And as of 15th Jan, there was no low-risk entry opportunity in the stock.
You may keep an eye on the DBS stock for the next low-risk buy opportunity. What is the low-risk buy point? A point where the stop-loss is not far away from your entry price. Such low-risk buy points are handy as you can quickly exit your trade with a small loss if the stock goes down instead of going up after you enter the trade. Yes, as unfortunate as it may sound, sometimes the stock will fall after you buy it. And you need to protect your capital by exiting the trade with a small loss. The small and first loss is your best loss and is, in fact, a friend of yours.
One last thing. Before buying any of the banking stocks in Singapore, you would also check that the industry is strong relative to others. As of today 16th Jan 2019, using CUE Edge real-time industry rotation analysis, we see that the Diversified Bank industry (DBS belongs to this industry) is indeed strong.

(1) The five days (5D) score of the Diversified Banks industry is in cyan, showing it is strong relative to other industries. Looking to the right you can see that it has been cyan for a while. That means the best time to buy DBS bank (buy at the bottom) might have passed.
Overall conclusion based on CUE 360° analysis where you can combine the edges of industry strength, fundamental strength, and technical strength before buying a stock, DBS is a robust fundamental stock concerning growth, and it has a decent dividend. Its industry is also strong. Technically the stock is strong but not at a low-risk buy point. You may wait to have a low-risk buy point on technical charts and carry out the 360° analysis at that time to ensure all the industry-fundamental-technical forces are aligned in your favor before buying the stock.
That was my analysis using the CUE systems that I use for my trading. You may use CUE systems standalone or combine its powerful 360° analysis with other techniques. Whatever be your approach, I strongly suggest you check out any news-based stock using your system and only buy if that tells you to buy.

Monday, December 10, 2018

Today's Quick Pick Powered by the Endeavor Add on.

Traders who shorted Tootsie Roll Industries Inc $TR made a nice 5.02% profit in 4 days.

On 11/28 Endeavor's Early Warning Signal (red diamond) identified the potential for a substantial dip in price on $TR. The signal predicted if price crossed our Trigger Point (red line) of $35.24 it would dip 5% or more in approximately 15 days.

Two days later on 11/30 price pushed down crossing our Trigger Point which confirmed the signal.

Friday's price fell to a low of $33.47 making 5.02% from our Trigger Point in 4 days just as predicted. Daily volume was 120,185 which is above its six month average volume of 95,889.

Early Warning Signals can identify when the price of a stock, ETF or REIT is either overbought or overextended on a technical basis. This causes a pull back or dip in price that can vary in severity. By predicting the move ahead of time, traders and investors can profit by applying strategies that fit their unique styles. Securities traders can short shares, options traders can buy puts and long-term investors can prepare for the movement, so they don’t overreact.

Tuesday, September 25, 2018

Possible value buy opportunity in the Singapore market

From the desk of Sagar Nandi and Superior Profit

Singapore CPF (Central Provident Fund) allows investment in a selected list of about three hundred Singapore listed stocks. Not all of them are suitable for investment for an investor. It may be worthwhile looking for solid investment opportunities from this list of stocks and invest a portion of CPF fund in such stocks. One may also use a personal non-CPF account to invest in such stocks. If the investment decision is made based on the sound analysis, it is likely that over time the investors will reap significant gain. One secret of trying to ensure such profits is to buy low and sell high. Easy to say. However, not so easy to practice as many may have found out. Here is one approach that may be of significant value. This approach looks for value stocks that are starting to go up.
Value investors may have a list of stocks in mind that are robust (non-speculative) and professionally managed. Sometimes due to industry and market undercurrents, such stocks may fall and become value buy opportunities. Even if a stock is a value stock, it is wiser not to buy it while it is still falling. A more effective approach is to wait until such a stock starts to go up and then take a position in the stock.
Following this approach, you might attempt to buy a robust stock just as it starts to go up from the bottom. Trying to buy it at the low or lowest price level. If the stock pays a respectable dividend yield %, then it is even better. Key to this approach is the ability to know when a stock is value stock and when a share has started to go up from a low level.
How does one know that a stock has fallen a lot? Using CUE technical trading systems that is easy to identify using the Price Extreme or Pendulum chart template. The stock will show up in red or magenta color if the stock has dropped a lot. Starhub (STAR.SI is the Thomson Reuters symbol) is showing up in red color, representing a significant drop in the stock. The fact that at the right edge the chart color has changed from magenta to red shows that the stock is starting to recover.

Starhub has evidently dropped a lot. What about its fundamental strength? CUE Vital allows you to do a fundamental and peer analysis in one minute using real-time data. Here is the result for Starhub. It is making money (EPS is positive). And pays a hefty dividend yield of 9.58%. That is much higher than the usual return from CPF account and is also significantly higher than Singapore fixed deposit interest rates. 

The dividend yield itself may make the stock appealing to many investors looking for a steady return. However, you will do better if you ensure that the stock is a value stock at the current price level. How do you know that it is a value stock now? You can know that from the CUE Vital Peer Analysis. CUE Vital can carry out such peer analysis in real-time for global stocks. For value stocks, the Primary Valuation Score will be higher, and it will be in cyan, as is the case for Starhub.  As you can also see, among the sector peers, Starhub’s valuation score is highest (the best), and its dividend yield % is the highest as well.

Well, so far we have ascertained that Starhub had dropped a lot to attract the value investor’s attention and that it is indeed a value stock. How do we know that it is starting to go up? There are several ways. One way is to apply the CUE systems unambiguous checklists to see if a valid buy set-up exists. Another way is to look for specific movement patterns using CUE Sonar scans. A logical low-risk CUE trade setup is not there at the time of writing this post. However, it is getting closer to that. Let’s have a look at Starhub using CUE weekly-daily charts. From the weekly-daily chart below you can see that 
(1) The weekly had displayed a possible reversal signal several weeks ago, and so far that low has not been breached.
(2) Weekly backdrop candle color has now turned cyan, i.e., bullish. 
(3) Weekly has displayed a series of bull-release green arrows that shows that the bearish pressure is now relinquished.
(4) The bullish Headwind in daily pointed to possible reversal and after that stock did not fall much.
(5) The series of green smileys in the daily chart shows that the stock is a value buy from a technical point of view.
(6) The movement indicators comprising of Acceleration, Speed and Momentum have all turned green, bullish, several days ago.
(7) The ascending Relative Performance line is showing that Starhub is out-performing the broad market and 
(8) At the right edge, daily candle color is green, bullish, and the price is just below the auto-smart resistance Memory trend line. 
All signals look bullish except the fact that price is just below the Memory resistance. If Starhub can close above that resistance, it may give a low-risk buy opportunity where the risk, i.e., stop loss, will be very narrow. Note that while analyzing the chart, you did not have to set any parameter or compare indicator values with thresholds or squint your eyes to look for convergence/divergence. You only looked at the intuitive colors and lines (green and cyan are bullish, and an ascending line is bullish) to make a sound decision on the stock’s technical state. And whether a novice or experienced trader is looking at the charts, they would come to the same conclusion, making the system unambiguous and easy to use.

In a few minutes, using CUE fundamental, peer and technical analysis you could identify Starhub as a value buy opportunity that is not ready yet but getting closer.
Are there similar other value buy opportunities in the Singapore market? Probably yes. As of this post, there are more than sixty stocks in the CPF approved list of stocks that are value stocks in CUE Scorecard. What about high dividend yield stocks? Currently, there are more than sixty-five stocks in the CPF approved list of stocks that pay a dividend yield of 5% or higher. Again, you could find these stocks in minutes (well, in seconds, really) using CUE Scorecard. 
Could you look for high growth stocks? Yes. You could do that also using a few mice clicks. 
You could also use CUE Sonar technical scans to look for stocks that are at a buy-point.
Whatever be your style, value investor, a growth investor, fundamental investor or technical investor, you would find the CUE systems of immense value in decision making based on robust data, unambiguous and easy to use intuitive and color-coded systems.
If you would like to receive a list of CPFIS approved stocks’ scorecard as of today, that contains much more than the vital statistics presented above, feel free to send us a note using the Contact form (https://superiorprofit.co/contact.html). We will be obliged to send you a copy of the same.

Wednesday, July 25, 2018

Today's Quick Pick Powered by the Endeavor Add-On.

One of the biggest misconceptions about trading is the thought that every trade must be double digit gangbuster to be a good trade. Most of the time it’s the opposite. Small trades on quality stocks can quickly add up to big profits.
Check out PRAA which had a Blue signal on July 5th. Once price crossed our Trigger Point (blue Iine) it moved up +4.04% in 12 days!

Want more info on the Blue Signal? Click the link below.

Friday, July 13, 2018

Blue Signal On ESV June 27th

From Ryan Capaccio of Simplicity Trading:

Ever wonder how some people always seem to pick the right stocks? Well, they’re not doing it by themselves. They have help and that’s where we come in! Our Blue Signal can identify short-term upward trends in your favorite stocks, ETF’s and REIT’s.

Want more info on the Blue Signal? Click the link below.