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- SignalWatch – 4.27.17
SignalWatch – 4.27.17
April 27th
Evening folks. First off, I would like to thank you all for such a wonderful first month for SignalWatch 2.0! The response we have seen has been so amazing and we are so thrilled that the SignalWatch community and the Nirvana family have grown quite a bit. We as a company say thank you, and I as a writer and an individual, thank you from the bottom of my heart.
Some of you have reached out with flattering notes and some with very constructive ideas. We always love to hear from you all and we take great pride in providing you with the very best service. Things are just going to keep getting better and stronger moving forward and we can’t wait to keep on keepin’ on.
As for the market, all three of the indexes closed with small gains today, so in that vein, we are going to focus on three new buy signals tonight. So, without further ado, let’s dive on in. First on the docket, Tyson.
A new pivot point could be emerging on TSN.
Tyson looks very interesting. After testing resistance close to $67, it has pulled back to support at $64.50 and looks to
be forming a new higher low and bullish pivot point. It is at the midway point on the Bollinger Band indicator and the MACD looks very healthy. It is also right at the midpoint between the 200 and 50 SMA, which is a great spot to see a reversion move.
The signal was fired off by the Advanced Cycle Trader 2. The theory to ACT2 is simple. It identifies a consistent cycle in the market, where you can buy at the low and sell at the peak. Sounds great right? The problem is that it is very freaking hard to identify a cycle because it is hidden in white market noise or swallowed up by a trend. Advanced CycleTrader 2.0’s revolutionary uses the power of modern Digital Signal Processing (DSP) techniques to accurately identify these elusive cycles, and know when to trade them. If you’d like to know the nitty gritty on ACT, check it out here.
If this move continues, we may see it run back up into the $66.50-$67 zone. Next up, MKC.
A new higher low has developed on MCK.
MKC also looks very interesting. After trending higher for quite some time, it pulled back late last month. Since the pullback though, it has begun another nice bullish trend. And, we now have a new higher low. It is pivoting off of the 50 SMA, support and the pivot point of the trend. It is also oversold on the RSI, which is even more solid technical confirmation. If McCormick continues on its way, $101-$102 could be very attainable.
This signal is brought to you by GroupTrader 3.0. GroupTrader’s game is Industry Group Rotation. Group Rotat
ion occurs when institutional traders put massive buying or selling pressure in a certain Industry Group, which in turn pushes prices of the group higher or lower relative to the broad market. Industri often leads or lag behind the market, and the majority of stocks in any group usually participate in the group’s rotation, making them easier to trade. Group Rotations are usually kicked-off by fundamental factors. For example, an analyst could project an increase in energy consumption and that could imply the price for oil will rise in the near future. The result? Institutions begin accumulating tons of shares from all of the industry groups in the energy sector. Your everyday trader then sees the prices of these stocks rising so they buy too. Because the rising tide raises all ships right? And then we have a full on feeding frenzy going on and we need a bigger boat.
We can see these moves because of the correlation feature. This measures how well individual stocks follow their respective group. GT also has a special multi-chart display feature to make it easy to review and confirm a group’s candidates. It also has group trading strategies and special profiles that are configured to identify candidates in every term. If you want to get in on the group trading bandwagon, check it out!
Next up, United Rentals.
Could a reversal pop up on URI.
So URI hasn’t been doing so hot over the last month. It has been swaying side to side or dropping straight down. But, all great moves begin with corrections. That’s why URI looks intriguing. It is testing support at $109.50 and is obviously oversold on the Bolling Bands and also the RSI indicators. Volume is also on the rise which could also be pointing to the next accumulation phase. More importantly, our MOST ACCURATE STRATEGY fired this signal.
This strategy is the XLS-19 V2. XLS-19 is made to find reversion moves that are primed to move and that have increasing amounts of volume. This strategy is impressive. It has produced returns of over 70% each and every year for the last nine years. Tally hoe. If you need to see more, check it out here, or watch this webinar that gives you the skinny.
That’s it for tonight. We will have the posts up for next Monday up on Sunday afternoon. You all take care and have a wonderful weekend! Happy trading!
Oh, and don’t forget to try OmniTrader if you haven’t yet. SW2 is powered by OT, so whatcha waiting for? Did I mention you can try it for free? Nice. Happy trading folks.
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.