Kudrna's Stock Market Talk

Referencing the weekly homework and stock radar, I am highlighting a few of the charts below for potential trades in undervalued stocks.

After the first 90 minutes of action Tuesday morning, the enthusiasm was quickly sucked out of the market for the rest of the day. We gapped-up on the “Greece is saved” continuing theme only for volume to fall off a cliff and the action become very boring to watch/trade. (more…)

Referencing the weekly homework and stock radar, I am highlighting a few of the charts below for potential trades in undervalued stocks.

As expected, The “Greece is saved” theme continued yet again.  Stocks bounced back on Monday as Greece finally approved austerity plans late Sunday. The next test for the plan is a vote on Wednesday from the European finance ministers.  They will vote to approve the bill.  (more…)

Referencing the weekly homework and stock radar, I am highlighting a few of the charts below for potential trades in undervalued stocks.

We had a gap-down to start the week off and as usual in this new environment, the bulls came to the rescue.  With the Greek deal far from agreed upon, many thought today was the day we’d finally receive some weakness which would hopefully reset the many overbought charts.  Instead, the trend for the past few months continued yet again.  A gap-down finds enough dip buyers that it can not break to new lows, so we drift north for the rest of the day towards even.  This action is not helpful for traders as we must be extra selective with our capital keeping trades either smaller or fast and aggressive as we trim into the close rather than hold overnight. (more…)

Referencing the weekly homework and stock radar, I am highlighting a few of the charts below for potential trades in undervalued stocks.

We finally saw signs of consolidation this morning, but it was short-lived creating continued frustration for the bears.  The trend over the past few months has been that gap-ups tend to drift down towards the rest of the day and gap-downs tend to drift up the rest of the day.  Today continued that trend as we drifted back towards even on the day. (more…)

Referencing the weekly homework and stock radar, I am highlighting a few of the charts below for potential trades in undervalued stocks.

On the outside, it may look like Monday was a flat day in the markets, but the underlying action was far more bullish than that view provides.  Bonds were weak again helping provide fuel for equities in the form of additional support and “ammo” for dip buyers to put to use.  If bonds continue to weaken this week, all of this talk of a market top forming will likely be far too early. (more…)

Referencing the weekly stock radar, I am highlighting a few of the charts below for potential trades.  On better than expected China GDP data, the markets gapped-up with enthusiasm.  The day was looking to be very bullish, but bonds only strengthened and never contributed to fuel equities higher.  Instead, stocks drifted the entire day back to nearly even.  If you took profits on the gap-up and shorted the market, you could have napped until the final hour and sold your short position for a profit.  That was how boring and uneventful today turned out to be, very disappointing for the bulls.  If bonds don’t start unraveling soon, one of these days could turn very ugly, very fast.   (more…)

Referencing the weekly stock radar, I am highlighting a few of the charts below for potential trades. We started out the day flat but when treasuries started to run higher, stocks started to pullback for much of the day.  This created some consolidation as heading into the afternoon, treasuries started to sell-off slightly and many stocks had a decent close, especially for biotechnology and small-cap oil.  The markets continue to show resiliency and intraday weakness is limited as dip buyers emerge.  Referencing last night’s article, if ProShares UltraShort 20+ Year Treasury (TBT) can make it above $19 tomorrow, we will have good reason to think we can surge higher past $19.50 giving equities more fuel to rise as well. (more…)