Target (TGT) and The Monthly Trade Triangles

There's no doubt that Target (TGT) has been one of the hottest stocks of the year capping off the year with a move to a record high of $125.32, gaining over +12% on the day. Target has gained +67% on the year. The question is, have you been in on this historic run? As a MarketClub member, did you use the monthly Trade Triangles to enter the Target trade?

Today I'm going to use Target (TGT) as an example of how you can use the monthly Trade Triangles to capture long-term profits while making minimum trades and letting your money do the work for you.

There were a total of seven trades dating back to 2/23/2012, 5 winning trades and two losing trades resulting in a profit of +$74.43 a share.

Click on the image to enlarge

First, let's review the rules for trading the Monthly Trade Triangles.

Monthly Trade Triangles determine the overall long-term trend and the entry points and exit points. Continue reading "Target (TGT) and The Monthly Trade Triangles"

Starbucks Corp. (NASDAQ:SBUX) Under The Microscope

Let me start off by saying that I think Starbucks Corp.(NASDAQ:SBUX) makes a great cup of coffee and provides a very good service. Having said that, I don't like the stock of Starbucks right now.

Today a monthly red Trade Triangle triggered, which is the first monthly Trade Triangle we have had in 14 months. This is a significant technical development and it indicates changes in the picture and direction of Starbucks and should not be ignored. Continue reading "Starbucks Corp. (NASDAQ:SBUX) Under The Microscope"

Dollar Tree, Inc. (NASDAQ:DLTR) Under The Microscope

Today, I'm going to be analyzing Dollar Tree, Inc.(NASDAQ:DLTR). Dollar Tree has had enjoyed a spectacular rise over the last 5 years. After trading below $7 in January of 2008, this stock stayed in a pretty convincing uptrend and made an all-time high of $60.19 on October 21, 2013.

This in-depth analysis of Dollar Tree is not to say the stock can’t go higher, perhaps later in the year, but rather noting certain technical elements that are falling in place that do not look good for this stock. You only have to look back at stocks like Netflix and Apple to see how they can have spectacular falls from all-time highs and still come back.

Not shown on today's chart are 2 negative engulfing lines that occurred in the past 9 weeks on the weekly chart. That is another bad technical sign for this market.

What Does This Company Do?

Continue reading "Dollar Tree, Inc. (NASDAQ:DLTR) Under The Microscope"

3 Stocks To Watch This Week

Hello traders everywhere! Adam Hewison here, President of and co-creator of MarketClub, with your video update for Monday, the 6th of January.

2 Stocks To Watch

Eli Lilly and Company (NYSE:LLY), developer, manufacturer and seller of pharmaceutical products worldwide, had a new monthly Trade Triangle today at $51.62 and in doing so also broke above an 8-month long-term downtrend line. This stock is clearly in an uptrend and I would want to treat it and approach it from the long side.

My upside target for this stock is $57-$58. As always, I will be using the weekly Trade Triangle for any subsequent exits and entries.

Information technology (IT) and infrastructure management software company, Solarwinds (NYSE:SWI), appears to have completed a 61.8% Fibonacci correction from its highs set back in September of 2012 around the $60 area. Continue reading "3 Stocks To Watch This Week"

Remember Hewlett-Packard (NYSE:HPQ)?

Once the Apple of its day, Hewlett-Packard (NYSE:HPQ) made some unfortunate decisions that then tanked the stock. After reaching a high of $54.75 on April 16, 2010, the stock of Hewlett-Packard hit a low of $11.35 some 32 months later.

Since that time, the stock has made a recovery into the mid to high 20s, but still has further to go on the upside based on pure technical analysis. Continue reading "Remember Hewlett-Packard (NYSE:HPQ)?"