Domestically, markets are shut down as Hurricane Sandy approaches the Northeast. We are already beginning to see some of the effects of this storm despite the fact that the bulk of it has yet to hit land. Our thoughts and prayers are with those in these areas.
It is predicted that the markets will stay closed for tomorrow, Tuesday October 30th as well but as of right now Wednesday the markets will re-open. As we watch some of the markets abroad along with some of the commodities trading, it appears that the markets could move lower on the re-open.
We have had quite a few winners over the past several weeks during the month of October. Below is a summary of some of those winners along with the ALERT! date:
- Teradata Corp. (TDC) – Breaking Down ALERT! on 9/26/2012 resulted in a gain of 7.28%
- Western Digital Corp. (WDC) – Breaking Down ALERT! on 10/3/2012 produced a total return of 13.36%
- Hain Celestial (HAIN) – Breaking Down ALERT! on 10/9/2012 returned 8.97%
- Baidu Inc. (BIDU) – Bouncing up ALERT! on 10/9/2012 jumped 7.92% in only a few short days.
There are still several positions outstanding, and while we have seen some of the Breaking Up ALERTS! thin out due to market conditions, we are still finding plenty of set ups for when and if the market should turn. As of right now, broad based markets both domestic and abroad are in downtrends with the exception of Emerging Markets which continues to stay relatively strong.
In this edition of The Rundown, we continue to look at the more recent ALERTS! and their various performance measures as well as highlighting some of the newest ALERTS! that have recently triggered.
Below is a table showing the ALERTS! that are still active.
(Please note that the ALERTS! do not contain our positioning, stops or target points as this is for members only. Members, please login and click see more details below for the full report.)
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For those with the Breaking Up package only, ALERTS! have been somewhat rare in the month of October with only Titan Machinery (TITN) making the grade. This has actually been a good thing as markets have been in a downtrend for the past several weeks with the indices all in negative territory for the month of October:
- S&P 500: -1.99%
- Dow Jones Industrial Average: -2.46%
- NASDAQ Composite: -1.42%
- Russell 2000: -2.89%
For the month of October as discussed previously there were quite a few profitable trades. However, two trades were extremely disappointing. MAKO Surgical Corp. (MAKO) and Fossil Inc (FOSL) both were trades with draw-downs greater than 10%. Both of which started off on the right foot, but failed to continue to break.
Trades that remain outstanding are still in fairly good shape. Market Vectors Gold Miners (GDX), Titan Machinery (TITN) and Vertex Pharma (VRTX) are still in a pretty decent hole and we should continue to see these move in the right direction. Newly alerted Silver Wheaton (SLW) and Zumiez (ZUMZ) have both moved back up into a consolidation pattern but the technicals are still showing greater potential for a move lower than higher.
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As you will see in the report below, it is fairly rare that a position lasts the full 30 days before stopping out or taking profit. Stops are intended to limit downside risk and profit targets are set as points to maximize upside. The targets are based on algorithms that help to determine where there are areas of key support or resistance. It is important to follow these guidelines in order to maximize the potential return for each position.
In the report below you will also see positions that are in blue, similar to the table above. These positions are those that have not reached their stop or profit levels and have not become stale after a the 30-day max holding period.
It is important to note that these are closed ALERTS! through October 30, 2012.
Download/view the full report below…
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