- You are here:
- Home »
- Today's Trades »
- Signals of the Day – 6.27
Signals of the Day – 6.27
Welcome!
Well, it was not the indexes day, with all three closing in the red. The Dow finished down .46%, the S&P 500 -.81% and the Nasdaq outdid its peers by falling 1.61%. We had a flurry of short signals fire this evening, but because of the overall bullish mode that the market has been in since November, we are going to continue to look at newly generated buy signals. Tonight we have signals on LMT, JNPR and VLO. Let’s hop to it.
The T3 Power Suite is looking for a bullish reversal on JNPR.
JNPR has been in a decline since May for the most part, but it is quickly approaching a major support level at $27.00. That level also happens to be the 200 SMA. And, keeping in mind that support, and resistance for that matter, can influence price movement before or after they are reached, we may be seeing an example of that here as volume has really started to pop. It is very oversold on a number of indicators which puts it in a great spot to begin a reversion move to the upside. While JNPR may still have a little more slippage to do, its fast becoming a great reversal candidate.
The strategy responsible for JNPR is the T3-S3 strategy that can be found in the T3 Power Suite. The T3’s look for temporary pullbacks, and then place long trades on the likelihood of a Reversion to Mean move. The idea is to find pullbacks precisely when they appear oversold to the market and then buy them just before the pop. The T3 strategies are also made for those who don’t want to be exposed to risk for long periods of time. All the T3 strategies are programmed to harvest quick upside moves and exit quickly, so you’re not at risk for long periods of time. And because the T3 strategies don’t stay in play long, they achieve higher means they produce much more consistent gains. The T3 Power Suite can be found here!
Next up, Lockheed Martin!
MVX-15 is digging the setup on LMT.
LMT moved in lockstep with the market today by falling .60%, but it still looks like a great setup for a higher low on this otherwise healthy looking trend. It is not quite in the oversold zone though, and it also has a little bit further to go before reaching support along with the 50 SMA. What that means is that this signal may need a day or two more to marinate, but once its confirms its higher low, this sucker is going to look enticing. Once it reaches support and the 50 right around the $276 zone, we could start to see the bounce. If that does indeed occur, we could be looking at a pop back into the mid $280’s before long.
This signal is brought to you by the mighty MVX-15! This is one of our most advanced strategies and it hones in on Reversion to Mean moves. This strategy includes a unique filter that mitigates the effects of volatile markets. MVX-15 looks at volatility in two different ways by using the MVX Signal Filter. The filter improves RTM strategy performance by insuring that there is enough market movement to secure quick profits. The filter also measures movement of the VIX Index, which is commonly referred to as the “Fear Index”. The VIX is a great indicator of market uncertainty which leads to volatility. When excessive movement is detected, the filter will not allow signals to fire. This process helps the performance of MVX-15 while also improving its profitability and accuracy. You can find MVX-15 over at NirvanaSystems.com, or just click here!
Last but certainly not least, we have Valero.
CPRM6 is liking what it sees when it come to VLO.
VLO was featured last week and boy did it perform nicely for us. And now, its offering us up another opportunity, this time a trend line breakout setup. As you can see, this trend began back in March and it has had several touches along the way. Typically, the more touches a trend line has, the more steady it tends to be. But once those steady trends are broken, boy those can be some big moves. We also see that volume is continuing to rise, which means that a buying frenzy may be underway. If we do get to see the breakout move on VLO come to fruition, we could be looking at a move into the $68 zone in a hurry.
CPS5 Trendline Break is a part of our Chart Pattern Recognition Module 6 (CPRM6), which is one of our most popular strategy suites. CPRM6 automatically finds stocks with the strongest patterns in the entire market as well as the best patterns in all time-frames. When you enable a higher time-frame or a lower time-frame, CPRM6 will analyze all the enabled time-frames in your Profile and show you any recent patterns. The CPRM6 EOD Profile looks at the Daily chart and the Weekly chart in order determine which trades have the highest profit potential. Finding patterns in the same direction on the same stock gives us a highly confirmed trade.
That’s all for tonight. We’ll catch you back here tomorrow night!
The products and demonstrations listed on this website are not recommendations to buy or sell, but rather guidelines to interpreting their respective analysis methods. This information should only be used by investors who are aware of the risks inherent in trading. Nirvana Systems shall have no liability for any investment decisions based on the use of their software, any trading strategies or any information provided through other services such as seminars, webinars, or content included in the SignalWatch website.
About the Author Ryan Belknap
Ryan has been with Nirvana since 2012 and has been manning the trading desk since Day 1. He was one of the founding members of Nirvana's Trading Lab and also TraderSource.com along with Ryan Olson and Russell Casperson. Ryan logged more than 3,500 hours trading and educating live in the Lab. He is also the lead author of SignalWatch.com. Ryan is a seasoned educator and has conducted numerous educational webinars and is an OmniTrader University instructor. Ryan prefers swing trading and position trading. Outside of the market, Ryan has passions for the outdoors, baseball, exercise, coffee, pop-culture and spending time with his family.