Weekly Newsletter 07/24/09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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summarizes the breakout events of the week and provides additional guidance
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Prior editions of this newsletter with our valuable Tips of the Week are available here. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Weekly Commentary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special Market Rally Pricing Until July 31 - see below Our equivolume charts provide an excellent visual summary of the state of the major indexes. Published daily in our Market Analysis section they convey at a glance the action for the day and the recent progress of the indexes. Learn more about equivolume charts here. Our equivolume chart for the NASDAQ over the last 20 sessions shows clearly that more money is coming into the market from the sidelines and driving prices higher. The index closed higher on twelve consecutive days from July 9 until Thursday with seven of those days being accumulation days. (An accumulation day occurs when the volume exceeds that of the previous day). The price rises when demand exceeds supply so we can see from the width of the bars that demand is increasing each day. This can only happen if money is being redistributed from other sources into the market. After such strong gains, it was not surprising that the index faltered slightly on Friday on profit taking but the white box on the chart shows that the index recovered almost all of its early losses. This shows traders and investors still found value in the shares comprising the index. Special Market Rally Pricing For those of you who have been on the sidelines and are thinking of dipping a toe into the market, and for those of you who have stuck with us through thick and thin (thank you!) we have a special offer open until July 31. If you subscribe, renew or upgrade and check the auto-renew box on the subscription page, we will increase the usual auto-renew discount from 5% to 15%. This is a gift that keeps on giving because every renewal thereafter will also get the 15% discount. Current, returning or new subscribers are eligible for this deal so act today. You only have until midnight Eastern Time on July 31 to take advantage of this offer. Bonus for Platinum Subscriptions Tradewatch is now automatically included in the Platinum subscription - an extra $39.95 value. This allows Platinum subscribers access to our 'Sell Assistant' even though they may not be interested in our other Tradewatch watchlists. Take advantage of our special offer until July 31 to upgrade to Platinum and get the Sell Assistant, and other Tradewatch services, at an extra discount. By the way, while we have been promoting the Zacks Strong Buy strategy lately, we failed to mention that Tradewatch has done quite well this year to date. Here are the summary results. Full details are available in the Tradewatch section of the site.
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New Features this Week | Additional Value that we added this week | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
We've added the Sell Assistant to our 'Take Action' menu. This provides a convenient way to access the Sell Assistant without going through the Tradewatch menus. |
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This Week's Top Tip | Tips for getting the most out of our site | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Using The Sell Assistant Sell Assistant The Sell Assistant uses our Sell Model (see Sell Model Methodology) to determine if it thinks it is time to sell yet. By completing the form below and clicking the 'What's Your Opinion' button, we will produce a chart of the stock and if the Sell model thinks you should have sold it already, it will annotate the chart with the sell signal date and calculate a return based on the next day's opening price. Note that the Sell Assistant does not use a stop loss figure, but relies on its internal model to determine when to issue a sell signal. The Sell Assistant can be used for any stock, although it is only useful on stocks that were in a confirmed uptrend on the date of purchase. If the Sell Model does not find a sell signal, you can click the 'Create Sell Alert' button and create a sell alert. You now have several options:
Use of the Sell Assistant is now available to all Platinum subscribers. |
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Market Summary | Overview of market direction and industry rotation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Weekly Breakout Report | How confirmed breakouts performed this week | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2This represents the return if each stock were bought at its breakout price and sold at its intraday high. 3This represents the return if each stock were bought at its breakout price and sold at the most recent close. |
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Top Breakout Choices | Stocks on our Cup-and-Handle list with best expected gain if they breakout | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Top Second Chances | Stocks that broke out this week and are still in buyable range | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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