SignalWatch – Picks of the Day – 3.23.17

It was an interesting day in the market with the indexes offering traders a bit of a roller coaster ride. Especially there at the end when the index took a tumble once it was announced that the House would not vote on the repeal of Obamacare as thought. While the indexes closed with only small losses, watching UVXY in real-time was very interesting. The Dow finished down -.02%, the S&P -.10% and the Nasdaq -.23%.

Take a look at the crazy move on UVXY over the last hour of today’s session in the 5 min. timeframe. Aye caramaba.

But, the indexes are still well above their major moving averages so we are once again going to focus on bullish, entry signals fired off by our strategies.

MS-16

A new MS-16 has fired on PDM.

We talked about PDM last week after it pivoted off of the 200 SMA and performed wonderfully for a day until it ran smack dab into the 50 SMA. It has since pulled back but looks to be forming a new higher low along support at $21.50 as it tries to test the 50 once again. If it manages to push through the 50 this go ’round, we could see it hit its next major level of resistance at $22 very quickly. If that level is broken, and the broad market doesn’t take another shot to its chin, we may see it challenge March’s highs in early April.

This signal was generated by our MS-16 strategy. MS-16 is one of our more recently released strategies and is one of our best performers as well. What MS-16 looks for extended, trending stocks that are undergoing large pullbacks but are starting to show signs of making a reversion back to its primary trend. We can see that PDM is doing exactly that with it pulling back from its trend it began late, last year. It also makes sure that there are not any earnings announcements in the coming sessions so you won’t get hit by unexpected volatility. Large gains with minimum risk. Sounds like a plan to me. If you’re curious, peruse its literature here.

Next up, Nike…

ACT EOD

The Advanced Cycle Trader is looking for a reversion move on Nike.

Nike got punched in the face earlier this week with poor earnings, but it does look like it is setting itself up for at least, a short-term reversion move. It tested support at $54, held steady and then rebounded today for a gain of 2.69%. Not too shabby. The 50 SMA also recently moved through the 200 SMA recently which is a great bullish indicator. And wouldn’t you know it, NKE hit the breaks this afternoon after testing the 50. If it can push through the 50, we may see it run up t resistance at $56.50. We’ll have to keep a close eye on this one.

This signal sprouted from our ACT EOD strategy that can be found in the Advanced Cycle Trader 2.0 (ACT2) plug-in. The ACT2 identifies the changing market modes, the beginning of the new cycles and allows you to profit from the new cycles by signaling early entries. That’s a very tough thing to do on your own, and many, very smart traders have tried (and failed) to discern new trading cycles. Through our proprietary Digital Signal Processing tech, we take the guess work out of it. Learn more about ACT2 and the DSP here.

Last but certainly not least, Medtronic.

MVX-15

MVX-15 is looking for a bounce out of MDT.

MDT has been in a rock-solid trend since January, setting consecutive higher highs and higher lows left and right. It has recently begun to pull back and it has formed a new higher low for us on support at $80.80. MDT has held strong over the past two sessions, not giving an inch. It is oversold on the RSI indicator, which is a perfect reading for a new long entry. It will test the 200 SMA just below $82 which will offer a bit of resistance. If it can motor through the 200, we may be on our way back up to $84.

This signal is brought to you by your friendly neighborhood MVX-15 strategy. This is the next generation of our reversion to mean strategies. MVX’ rocks in all markets and has a special filter that mitigates the effects of volatile markets. The MVX-15 signal filter looks at volatility in two different ways. First, it ensures that there is sufficient market movement in order to capture quick profits. The filter then measures the movement of the VIX Index, which is also called the “Fear Index”. The VIX is a good measure of market uncertainty which leads to volatility. When MVX-15 SPOTS excessive movement, the filter denies any signals from firing like a horse swatting a fly, keeping you out of the hot water that is excess volatility. For more, check out its literature.

So, that’s it for signals for this evening. But, I’d be remiss to not remind all of you Nirvana Clubbers to sign up for the bash! It’s right around the corner so grab your discounted rooms while they last. If you’re an NClubber, click above to register.If you aren’t a member, check out the Nirvana Club now.

Good afternoon, good evening and goodnight!

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.