Here’s one of your more traditional “Buffett-like” stock screens where I am essentially looking for companies selling well below their book value. The stocks below represent six companies that are trading at less than half its book value. Stewart Info Services (STC) is setting up very nicely as a breakout [...]
Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions. Growth in household spending picked up late last year, but remains constrained by high [...]
We’ve tested the 1300 on the S&P, and so far, it has been met with some rejection. In fact if you look at the S&P ETF (SPY) the high of the day is 129.99, which coincides nicely with the S&P index highs of 1299.44. The FOMC Statement that comes out [...]
Current Long Positions (stop-losses in parentheses): QID (10.49), SDS (22.29) Current Short Positions (stop-losses in parentheses): T (28.74), EXPD (55.26), DKS (35.79) BIAS: 28% Short (counting QID and SDS as shorts) Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), New Home Sales (10am), EIA Petroleum Status Report (10:30am), [...]
Here are the long and short setups for tomorrow. Remember that the FOMC Statement comes out tomorrow as well at 2:15pm EST, which you can find the full text posted here. LONG: SunPower Corp. (SPWRA) […]
Unlike any of my other screens, this screen focuses on stocks trading under $10/share, and have a market cap of around $1 billion or less. As for the variables that I used in the screen, I focused on fundamentals, particularly companies that have a healthy balance sheet with little debt [...]
I have a couple of trades to report for you this morning. I would have liked to add more to the portfolio, but I’m choosing to be cautious until the non-stop dip-buying ceases. Not to mention we have the FOMC Statement coming out tomorrow, which is also reason to be [...]
Here are four charts that I believe make for excellent shorting opportunities at this very moment. The key variable is whether the market will cooperate with these stocks in the process and drive them lower. I would have liked to of pulled the trigger on all four of these right [...]
Current Long Positions (stop-losses in parentheses): QID (10.49), GLD (128.65), SDS (22.29) Current Short Positions (stop-losses in parentheses): PII (75.36), T (28.74) BIAS: 21% Short (counting QID and SDS as shorts) Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), S&P Case-Shiller Home Price Index (9am), [...]
Here are tomorrow’s long and short setups. Have a great evening! LONG: Southwestern Energy (SWN) […]
This screen here is useful for finding those stocks starting to catch some momentum to the upside. This is similar to its sister-screen that I call “Stocks That Are Breaking Down” (but just the exact opposite). A lot of these stocks are positioned for breakouts in the near future. If you [...]
Here’s my short setups that I’ll be playing the closest attention to as the day wears on. CBL & Associates Properties (CBL) has a head and shoulders pattern along with a significant support level it is trying to break below at $16.69. Allied Nevada Gold (ANV) is another I like, [...]
