SignalWatch – 5.1.17

Good afternoon folks. I hope you all had a great weekend and started the week off on the right foot this week regarding the market. Also, happy May! Summer is finally here. I love it. But the indexes were just kinda, eh today, finishing mixed. The S&P and the Nasdaq closed up while the Dow closed down for the day. But, enough of the small talk. Let’s dive on into tonight’s signals.

T3-S1 is looking for the bullish trend to resume on AEE.

T3-S1

So AEE closed down for the day but it is holding at support at $54.30. It is oversold on both the RSI and Bolling Band indicators, putting it in solid rebound entry territory. It should be noted though, that this move should be completed by the 4th because it will report is Q2 earnings on the 5/4/17.

This signal was fired by our T3 Power Suite.  The T3 Strategies search for smaller pullbacks in the market and places long trades on the high probability of a reaction rally. This concept is commonly called Reversion to Mean (RTM). The RTM principle states that markets trend about 80% of the time. Within these trends, there are pullbacks that temporarily create oversold conditions. Which we see on AEE. The goal is to find these pullbacks right when they appear oversold to the market. And then snatch up as many shares just ahead of the rebound. If we see this bounce, it could head into the $56 zone.

The OT Breakout Strategy is showing GRMN some love.

Breakout Stocks

GRMN is slated to report earnings on the 3rd but today it scored an almost 2% gains after pushing through the 50 SMA and resistance at $51.00. Volume is on the rise as well, which could be pointing to a new buying frenzy prior to earnings. If this push does occur, we could see it run into the $53 zone. But once again, it is going to report this week so keep an eye on it. This signal was fired off by one of our most basic, but also great strategies, the OT Breakout Strategy. OmniTrader comes with great Strategies, including strategies for finding reversals, trending opportunities and in this case, explosive breakouts. OT’s strategy engine runs these strategies and generates buy and sell Signals based on the “personality” of each security in a given list.

If you’ve never used OT before, and a few of you haven’t, you can check it out for 30 days at no cost to you. Check it out here! The last signal for today is on RSG.

RSG looks like it could pop for MS-16.

MS-16

RSG has been super-strong since November but it has been recently been moving in a trading range with the upper boundary $63.83 and the lower boundary is right around $62. It has started to pullback and has formed a new higher low along the 50 SMA. The moving averages are commonly used to make pivot points for both higher lows and lower highs. If this pivot point holds true and RSG makes another run at the upper range boundary, it could try to make its way into the $65 zone.

This strategy looks for stocks that have been outperforming the rest of the market but have recently begun significant pullbacks. Like the T3-S1 strategy, MS-16 is looking for RTM moves. To learn more about MS-16, take a look at its literature here.

That’s all for tonight. Have a wonderful evening and we will see you back tomorrow.

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