Signals of the Day

Good afternoon folks and happy St. Patrick’s Day! The market closed out the week on a bit of a whimper as the major indexes saw little movement overall. They finished mixed with the S&P losing .09%, the Dow dropping .05% and the Nasdaq also declining .05%. That being said, the market is still extremely bullish overall so are going to continue to look for new buying opportunities brought to us by our strategies.

ARM5 RTM-17

A new higher low has presented itself on MON.

Monsanto has been on a bullish tear since the rally began last November. It has set consistent higher highs and higher lows which are exactly what you want to see in a long-term, steady trend. It is currently pulling back to support just above $112. This level is also very important as it served as a major are of resistance last May. MON tested that level yesterday and held strong and today it began to pivot to the upside, snagging a .42% gain and confirming a higher low in the process.

It is also oversold on the RSI indicator which further confirms this spot as a price improved entry. If MON continues to trend higher, we could look for it to climb back into the $116-$120 zone.

This trending signal on MON was fired by our brand-spanking-new strategy, ARM5 RTM-17. ARM5 RTM-17 is our newest proprietary automated Trading Strategy. While many strategies are designed for one specific type of market, ARM5 RTM-17 was built with the ability to adapt to any market. The strategy analyzes short-term price movement to the longer trend, finding new entry opportunities. ARM5 RTM-7 can also discover opportunities in flat or sideways markets. To learn more about the strategy, take a look at its PDF.

Next up we have a trending signal on Microsoft.

Darvas Classic Signal

MSFT is on the up and up once again.

We talked about MSFT several days ago about how it has set itself up nicely for a new bullish move. That is still the case as we see it has begun to move higher after pivoting off of the lower boundary of the channel it has been trading in since late October. Volume has increased and the MACD indicator has crossed over to the upside.

Once again, keep an eye on MSFT as it trades higher into its current channel. The signal was fired by our tried and true Darvas Classic Strategy. As we all know, the strategy is based on the Darvas Box method which was created by Nicolas Darvas. The strategy uses the exact parameters of Darvas’ methods, it just automates the process of confirmation.

Next up, another Darvas signal on QCOM.

Darvas Classic

QCOM has set itself up for another push to the upside.

QCOM makes another appearance after following through with its last bullish signal. It has now moved through the 50 SMA to the upside and is resting on the pivot point for the current trend that it has been trading in since Feb. Vole is relatively low, but if we see a pop, we could see QCOM attempt a run at the $62 zone, which is where we will find the 200 SMA.

This signal was another classic Darvas signal.

That’s it for this week. Check back here for more great entry opportunities next week. Have a wonderful and safe St. Patty’s weekend!

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable.