EOM 7.7.16 Motley Fool Buy List Analysis NXPI 7 of 8‏‏‏

 

Good Evening,

 
No breakout or breakdown today with all three indexes closing flat-data from Stockcharts.com.  
 
Per my Front and Center Chart I, resistance at 2105 was tested.  Volume is not increasing and the $VIX is trading sideways.  The SPX will break one way or another soon.  Will tomorrow’s Employment number be the catalyst?
 

Tonight, I continue my stock analysis (alphabetical order) with (NXPI) Medtronic, recommended by Timothy Green. Here is a link to his previous stats featuring an impressive 69.05% accuracy rate. Todd has some very interesting articles/columns and his reasons for buying NXPI.

 

Here’s my routine to analyze each company, then formulate a game plan to make money with them. 

 

Step One

What is NXPI and what do they do? Here is their profile from Yahoo Finance.

 

Step Two

How is NXPI performing vs. the SPX in 2016?  The SPX is up 2.64% while NXPI is down -9.23%

 

Step Three

Seasonality from the last five years shows a price drop in July then peak in November. Move the bar to see the two-year seasonality.

Step Four

Chart and look for Simple Simon Buy or Sell Signals. Study which indicators worked for “previous” Buy and Sell signals-VERY IMPORTANT!

 

After the column was released, NXPI dropped 21.8%.  The SS Sell Signal gave specific sell short signals.

 

NXPI Chart Highlights   Note-I am using my swing trading template with 5-10-15 simple moving averages.

1.  Is trading with only a .38 correlation to the SPX

2.  No Dividend

3.  Ran 54.9%+ since the February 2015 lows  

4.  CMF and MACD Histogram are both negative

5.  RSI or Slow Stochastics are both moving sideways

 

Step Five  Strategy

1. If one is short from the Simple Simon Sell Signal, have a trailing stop to lock in profits 

2. If one is still short, and up over 15%, smart traders would lock in profits with half of their shares

3. If price drops through Support, some traders may pick up another quarter or half position but no more

Step Six-Showtime

1. Keep Simple Simon front and center

2. Take profits incrementally 

3  Calculate target price and tighten stops to lock in profits

4. Don’t get Greedy

5. See step number four

 

No trading without protective stops!

 

If and when you are stopped out, don’t dwell on what you lost.  

Focus on what you were able to keep, to trade with another day

 

Members–when you learn, follow and use these proven steps, you can see a difference 

in your Profit and Loss results!

 

Who is next-Under Armour.

 

Enjoy your evening!

 

DOE

When your Vision and Goals are Clear-Results will Appear!
This information is for Educational purposes only.
It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.

David England has sent you a SharpChart snapshot from StockCharts.com:

a SharpChart snapshot from StockCharts.com

Comments from David England:

Learn more about StockCharts.com!

copyright (c) StockCharts.com
This email was sent to eyeonthemarket@outlook.com, by thetraderseye@gmail.com. If you think that you have received this chart in error or to report abuse of our emailing feature, please contact support@stockcharts.com.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *