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candlestick chart of MTCH (Match Group)

821x buy: MTCH

(watch video below for market recap and trade details)

MTCH – buy with a limit price of $18.03

Other 821x buy ideas:
BCO – buy with a limit price of $42.15
SQM – buy with a limit price of $41.65
SCCO – buy with a limit price of $33.49
NTES – buy with a limit price of $226.96
HEAR – buy with a limit price of $1.49

Remember, I only provide one new 821x model trade a month for educational purposes.  IT NEVER MAKES SENSE TO PUT YOUR WHOLE ACCOUNT INTO A SINGLE TRADE.  Please refer to the section on position sizing in the 821x Trading Manual.

Please read the terms of service.
picture of sunset in aguada, puerto rico

821x sell: LITE

If you followed the sell suggestion in my tweet on December 29th, you should be completely out of LITE now.  (BTW, because it’s more timely than a post, I’m planning to publish my sell suggestions solely on Twitter going forward, so be sure to follow me @marketchameleon.)

Although, the weekly chart still looks good, we trade using the daily time frame where the trade went against us.  The last thing we want to do is get stubborn and start rationalizing a reason to hold.  That said, you may want to keep an eye on it to see if it flashes a compelling 821x buy signal in the future.

daily candlestick chart of LITE

the big picture still looks good, but I don’t want to let a small paper cut turn into a gusher…

In the meantime, enjoy the festivities tonight and see you next year.  Happy New Year!

 

chart of ticker LITE

821x buy: LITE

(watch video below for market recap and trade details)

LITE – buy with a limit price of $40.50 (sell recommendations will be provided via Twitter.

Other 821x buy ideas:

domestic equities:
BCO – buy with a limit price of $42.15
ASTE – buy with a limit price of $67.84
EGRX – buy with a limit price of ~$79

Remember, I only track one 821x model trade at a time for educational purposes.  IT NEVER MAKES SENSE TO PUT YOUR WHOLE ACCOUNT INTO A SINGLE TRADE.  Please refer to the section on position sizing in the 821x Trading Manual.

Please read the terms of service.
IMG_5568 (1024x576)

821x sell: OCLR

My family is visiting so I won’t have a chance to do a video tonight, but our 821x model trade came to a disappointing end today.  Based on my tweets on December 5th and yesterday, we gave OCLR plenty of extra room but should be completely out of it as of today.

I will discuss this trade and go over some new ideas on Christmas weekend.  Enjoy the holidays everyone!

disappointing action…

Remember, I only track one 821x model trade at a time for educational purposes.  IT NEVER MAKES SENSE TO PUT YOUR WHOLE ACCOUNT INTO A SINGLE TRADE.  Please refer to the section on position sizing in the 821x Trading Manual.

Please read the terms of service.
oclr

821x buy: OCLR

(watch video below for market recap and trade details)

OCLR – buy with a limit price of $8.38

Other 821x buy ideas:

domestic equities:
IPHI – buy with a limit price of $41.96
PCH – buy with a limit price of $39.25
TCX – buy with a limit price of $30.95
MPWR – buy with a limit price of $79.29
CGNX – buy with a limit price of $54.88

Remember, I only track one 821x model trade at a time for educational purposes.  IT NEVER MAKES SENSE TO PUT YOUR WHOLE ACCOUNT INTO A SINGLE TRADE.  Please refer to the section on position sizing in the 821x Trading Manual.

Please read the terms of service.
Chart of the S&P 500

market analysis and trade ideas – 10/29/2016

(watch video below for market recap and trade details)

821x buy ideas:

domestic equities:
HRL – buy with a limit price of $37.92
MKSI – buy with a limit price of $49.40
ABX – buy with a limit price of $17.08
EXP – buy with a limit price of $79.83

ETFs:
AWF – buy with a limit price of $12.52 – (high yield emerging market bond going ex-dividend on 11/2/16)
ITA – buy with a limit price of $130.09 – (aerospace and defense sector)
EWJ – buy with a limit price of $12.57 – (Japan)
BAL – buy with a limit price of $46.85 – (Cotton)
REM – buy with a limit price of $10.43 – (REIT sector)
SH – buy with a limit price of $38.57 – (short S&P 500)
EFZ – buy with a limit price of $32.22 – (short Europe)

Remember, I only track one 821x model trade at a time for educational purposes.  IT NEVER MAKES SENSE TO PUT YOUR WHOLE ACCOUNT INTO A SINGLE TRADE.  Please refer to the section on position sizing in the 821x Trading Manual.

Please read the terms of service.
kra

821x sell: KRA

(watch video below for market recap and trade details)

KRA – sell at market.

Other 821x buy ideas:

domestic equities:
HRL – buy with a limit price of $37.92 (ex div 10/20)
ASTE – buy with a limit price of $58.89 (earnings 10/25)
MWA – buy with a limit price of $12.32 (earnings 11/2)

ETFs:
ECH – buy with a limit price of $37.45 – (Chile)
GBTC – buy with a limit price of $37.45 – (Bitcoin)
SH – buy with a limit price of $37.45 – (Inverse S&P 500)

Remember, I only track one 821x model trade at a time for educational purposes.  IT NEVER MAKES SENSE TO PUT YOUR WHOLE ACCOUNT INTO A SINGLE TRADE.  Please refer to the section on position sizing in the 821x Trading Manual.

Please read the terms of service.
kra

821x buy: KRA

(I FINALLY GOT A DECENT MIC! – watch video below for market recap and trade details)

KRA – buy with a limit price of $35.04

Other 821x buy ideas:

Domestic equities and ETFs:
VRTV – buy with a limit price of $50.17 (if KRA doesn’t get filled we will track VRTV)
PAYC – buy with a limit price of $50.13
CNCO – buy with a limit price of $9.01
BCO – buy with a limit price of $36.86
RP – buy with a limit price of $25.70
IWM – buy with a limit price of $124.21 (small cap ETF)

International ETF (emerging markets):
EEM – buy with a limit price of $37.45

Remember, I only track one 821x model trade at a time for educational purposes.  IT NEVER MAKES SENSE TO PUT YOUR WHOLE ACCOUNT INTO A SINGLE TRADE.  Please refer to the section on position sizing in the 821x Trading Manual.

Please read the terms of service.
img_4317-1280x719

821x sell: NTG

It’s been a good run, but the sun has set on our model trade.  As my family and I are out in the hill country of western Puerto Rico housesitting and taking care of our friend’s animals we received an 821x sell signal in NTG today.  Even though it appears to be oversold in the short term, I recommend selling AT LEAST half to lock in our hard fought 6% gain, which includes the fat dividend we received in August.  If you decide to hold half, I would sell it if NTG closes even one penny below yesterday’s low of $19.03.

doesn't look good but it is outside the bollinger bands...

doesn’t look good but it is outside the bollinger bands…

As far as the market as a whole, it’s at a crossroads right now.  The violent pullback of the last few days could be nothing more than a healthy retest of the breakout zone before the next leg higher.  On the other hand, we might be witnessing the beginnings of a failed breakout which could lead to a fast move lower.  Let’s continue to monitor price action for clues and stay flexible.  In the meantime, the proper course of action is to honor the sell signals in your individual holdings to both lock in profits/limit losses and raise cash.

healthy retest or failed breakout?

healthy retest or failed breakout?

After I get situated back at my place later this month, I will make a video with a new official model trade.  For now, I have a handful of 821x trade ideas that I hope you find helpful.  Have a good week!

SUPN – buy with a limit price of $22.51
ADS – buy with a limit price of $213.21
XBI – buy with a limit price of $63.54 (biotech ETF)

Inverse ETFs: (I would NOT get aggressive with these)
EFZ – buy with a limit price of $32.36 (short European stocks)
SH – buy with a limit price of $38.86 (short the S&P 500)

Remember, I only track one 821x model trade at a time for educational purposes.  IT NEVER MAKES SENSE TO PUT YOUR WHOLE ACCOUNT INTO A SINGLE TRADE.  Please refer to the section on position sizing in the 821x Trading Manual.

Please read the terms of service.