EchoAlphaBravo

EchoAlphaBravo

Shares of generic drug manufacturer Mylan has become very attractive, especially after today's overdone selloff. While the company has some hurdles legally (what drug company doesn't?) and has some internal housekeeping to tend to, the shares are becoming too cheap to pass up. At the time of writing, shares are trading at $23.30, down about 17% on the heals of...

EchoAlphaBravo

Shares of MMM look to be forming an inverse H&S pattern that looks it could be a favorable setup for the bull camp. It's deeply oversold with an R.S.I. reading of 22.9 and is holding the neckline support, so I think it's headed higher. Shares are in the buy zone right now at $185, which is the neck of the pattern. Look for minor resistance around the gap down at...

EchoAlphaBravo

Everything's pointing down... raise cash, get hedges, take profits, and stay tuned.

EchoAlphaBravo

After an abysmal earnings report and subsequent drop of over 25% today, shares of TUP are becoming a potential takeover target. Who might buy? It could make sense for several companies: P&G (PG) could expand its portfolio of product offerings, as could Colgate-Palmolive (CL), but it could also make sense for Amazon (AMZN), as their endeavor in to fresh foods...

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Shares of CPRI (formerly KORS) have esatablished a new uptrend (white line) after breaking out of a downward trend (red line)... That downward trend has also served as support, which bodes well. The OBV is improving and demonstates buyers are gaining control, and technical indicators like RSI and MACD seem to validate the bullish thesis. I'm long both shares...

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Shares of PayPal (PYPL) appear to be breaking out of the triple top around $93. Should buyers remain involved, this thing is going higher. It's broken the downward trend of the RSI, has a rising OBV, and the MACD supports further increases. It successfully tested and held rising trend support (bold red line) and looks primed to break out. Long shares and...

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Shares of AAPL are trouble, so long as this zone of support between $144.79-150.24. If not, a possible relief rally may come in to play because it's getting oversold on a weekly basis (RSI <30). Even so, any strength should be sold in to, as I see this thing falling hard. Minor breakout resistance (dotted white line), but the extensions from the major move has...

EchoAlphaBravo

I can see the hate mail now, but let's look at empirical evidence rather than emotional hypotheses. I marked several indicators that confirm this reiteration of a decline that cold probe the 1510 level, the last untested breakout from the post-crisis era. Don't misconstrue me, I'm not not say thta's about to happen overnight, but if we are indeed entering a bear...

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It appears we are destined to move lower. I wouldn't be a surprise to see a bounce back to resistance (green arrow) before extending down to the 127.2% extension of the major move this year. Stay protected! I'm short via long January puts, and even bought some SPXS in the afterhours the other day since I had closed my previous put position.

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Shares of MO have been under tremendous pressure since the FDA mentioned banning methol cigs/e-flavors, but don't let that fool you. This cash cow has plenty of firepower to withstand this minor hiccup and as shown on the chart, has fallen exactly to trend line support going back to 1969 (almost 50 years). This is a screaming buy! I'm already long shares,...

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This is for a friend... I'll update it this weekend but wanted to get it to him asap. Here ya go, DJ!

EchoAlphaBravo

The major indices have faltered several times this year, but this most recent slump seems to be the beginning of something more severe. First, the basics. The white trend line, which goes back over a year, had held as support during previous downturns this year, but not this time. In fact, it's now became resistance. Also influencing sellers is the 200dsma at...

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On my nonprofit Facebook page , I scheduled a post suggesting your first move of the upcoming week was to buy protection (it was supposed to post on the 1st, but fat fingers screwed it up and it did it the 2nd instead). Looking back, I don't think I can call it much better than this! And no, not a lucky guess... I have plenty of charts on my page to back up my...

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Shares of the S&P 500 (SPX) are in serious trouble. We've violated a multi-year trend line going back to recession lows of 666 (white line), sliced thru the major moving averages like the government slashes through our money, so I'm officially calling the uptrend over... until proven otherwise, sell in to any strength and hedge yourself! Happy trading and be...

EchoAlphaBravo

Shares of the AMLP, which tracks a basket of MLP's (master limited partnerships), has been a stellar holding since mid-April both in terms of price and total return, thanks to its rich 7.8% dividend (at current prices). This advance has now pulled back to the 61.8% retracement , which is ideal for a continuation of the advance. I've been aggressively buying over...

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The S&P500 (SPX) has broken some important supports lately. I'm using SPY as a proxy. The first chart, on the left, is a monthly going back to the lows of the recession at 666. The second chart, on the right, is a daily to show the trend line up close, as well as to show that SPY has lost its 200 day s.m.a., too. This suggests a longer-term decline of a...

EchoAlphaBravo

There's no shortage of ETFs that focus on international, high dividend paying stocks, but one that I use in my Vanguard account is VYMI. Additionally, the technical setup looks to be providing a great risk-reward entry point. The fund facts? It holds about 532 stocks, most of which are in Europe and Asia, but it has stocks from pretty much every country on the...

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IMKTA is a failry unheard of grocery chain, as it is most prevalent in my neck of the woods in Tennessee (specifically East TN). But their small size shouldn't deter you, as they are delivering great results. The most recent report featured a beat and a raise on guidance. Based on FY2018 estimates, it's trading at 11.5x (vs 5yr average of 15.8x). The P/S ratio is...