Category Archives: Hot Stocks

$CLF Weekly Cycle Location

CLF had a great earnings release and the market rewarded it handsomely.  It took out the previous weekly cycle at 10.90 without any hesitation.  It is currently only in the 2nd week of the weekly cycle.  Right now it is 14th day into the daily cycle.  It is in the correction phase to digest the overbought condition that was caused by the

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$BAC Recent Breakout Not Trustworthy

We are long term bullish on BAC.  We published a blog on BAC 2009-2016 multi-year breakout on January 6, 2017.  But the recent breakout at the 15th week in the weekly cycle is not trustworthy.  We believe this breakout pattern will fail due to the cycle position (too late in the game).  In a week or so it may fall back into the range again.

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$FCX in Weekly Cycle Bottom Timing Band

It’s been 18 weeks since the last FCX weekly cycle low was made on 10/14/2016 at 9.24.   This cycle clearly took out the previous cycle high at 14.06.  And FCX has made a higher high in this complex weekly cycle.  It has a clear alpha high and beta high.  All signs point to a continuation of the up trend. 

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$AMD Long Trade Update

Since AMD came out of the weekly cycle bottom at 9.42 on 01/18/2017, it achieved an impressive high at 14.27 on 02/07/2017.  Then it spent 8 days to correct the overbought condition that was induced by the earnings release.  After 8 days of sideways down trading actions, it quickly reversed at 12.60 today.  The reversal was determined by

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Dr. Copper Broke a Long Trend Line

Copper is also called Dr. Copper.  The base metal is reputed to have a Ph.D. in economics because of its ability to predict turning points in the global economy. Because of copper’s widespread applications in most sectors of the economy – from homes and factories, to electronics and power generation and transmission –

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