WORLD CUP OF CHARTS

The US tries to keep hope alive, very much like this market.  Utilities, munis, corporate bonds, and treasuries have all been big winners so far through 6 months.  The SP500 is up around 5% and the Dow is up around 2%.  All in all, not much has happened, but a slow grind higher in the midst of a world ripping itself apart due to our leadership deficit in so many places.  Its a good thing the US soccer team has a great coach and so do we as Janet Yellen stands at the helm, guiding us ever so gently in a ZIRP environment.

Here's just a few charts I look at daily.  Near the end I've highlights stocks I've watched, bought, missed, or feel like there may be opportunities in soon.

XLU - Why not utilities?  Utilities must be signaling that rising interest rates are pretty much a myth and will never happen.

XLU:SPY

IMPORTANT CHARTS
APA - Energy Sector has had an awesome run, is this starting to tire?

ARCP - Looks constructive now.

COP  - Overbought?  Each of those recent peaks in RSI have resulted in short term pullbacks.  Traders may want to exit and buy again on any weakness

EWY - Emerging Markets finally coming back?

FB - A run into earnings.... exit a day or two before they announce?

FCX - Who knows what the cost of production is/was for gold and silver, but as gold hit $1250, the destruction of gold, silver, metals, and miners suddenly stopped.  FCX has had a nice run since hitting $30 with a unexplained pop today taking it above $37.

IXN - This etf has been a long-time powerful winner.  Short term looks a bit overbought.

JBLU - Finally breaking out.  Look at the RSI at the top showing overbought.

JOY
There is some risk here of a reversal and fall to mid 50's.

KMI - Nice run.  Is there still momentum to move higher?

KRE - US Regional banks are certainly nicer than European banks.  It looks like there is room to go 5% higher at least.

SLW - Momentum is here.  The 14 Week MA crossed over the 40 Week.  This is a significant longer term signal suggesting continued upward pricing.

VTR - We need a bounce here.  VTR is extremely tied to longer term bond yields.  The 4% dividend yield is nice.

OTHER ITEMS - FOR CONSIDERATION

AAPL - APPLE - Probably goes to $100.  Probably should wait on this one as risk/reward set up isn't great.

 

 DUK -DUKE ENERGY - Utilities are all the rage.  A possible breakout as the higher-highs and higher lows just keep coming.

GDXJ - JUNIOR GOLD MINERS
Will the evil gold cartels and traders allow gold to continue to rise?  COT report shows large increase in commercial shorts, probably doesn't bode well for gold, unless some geo-political shock comes to light.... we haven't had any of those lately have we?

GILD - GILEAD - Hard to buy here, but this should be a strong earnings report and the rebound has been impressive.

GMT - GATX CORP - Railcar leasing seems simple enough.  

GOOGL - GOOGLE - Same risk / reward trade off as AAPL, however I think GOOGL is better than AAPL.

INTC - INTEL - Strong breakout.  INTC seems to have its swagger back.  Any pullback can be bought.

HAL - HALIBURTON - Energy anyone?  Too late to buy here.

MSFT - MICROSOFT - Remember when we could have bought at $26 on its way to $30.  I think this is a hold and not a buy. 

OXY - OCCIDENTAL PETROLEUM - Wait for a pullback and confirm price action.  This has run a long, long way.

O - REALTY INCOME - The leader in long-term triple net leases.  I like the action here and has a nice dividend.

PPLT - PHYSICAL PLATINUM - Very nice.

SCCO - SOUTHERN COPPER - Nice chart, would have like to buy on the bounce.  Is housing going to slow?

Stocks have run quite a bit.  I like Realty Income, Gilead, and GATX Corp, and possible AAPL with an eye toward earnings.  Otherwise, energy has been unstopple, it just seems hard to buy now.

GOATMUG

Goatmug is an investor that cares about you and your family. Goatmug's Blog - Financial Perspectives From The Mountain Top is a collection of thoughts on our economy and how it impacts the lives of investors and average people. While several specific investments are named in many of his posts, these articles are simply invitations for you to do your own research and reference to these securities does not constitute financial advice. Your situation is complex and unique and you should seek professional assistance with your trading and investing. Please visit Goatmug and share your comments at http://www.goatmug.com/

ENERGY CHART ROUNDUP

I wanted to post copies of many of the charts I examine on a daily basis.  I found that there are just too many to post in one entry, so I'll blast them all out over the course of the next couple of days.  We'll look at other cyclical names, dividend payers, banks, and health insurers.  Simply drop by goatmug.com later this weekend.  We'll start with energy as it has been quite interesting of late.  If inflation and global growth is muted, why do we still have $105 oil?  Let's jump in.

XLE

Recent weakness is displayed in the last week, but up, up and away seems to be the overall trend.  The overhead resistance level is at $84.50, but this certainly could continue with this week's negative direction and go lower to the high $70's.

$NAT GAS

If $3.25 doesn't hold, it is bombs away to $2.75

$WTIC

There's a bunch going on in this chart, but if oil gets above $107 area, we could be talking about $150's.  We'll need some type of event in the Middle East.....lucky for us, the Middle East is calm and there are never any situations that boil over and cause tensions that impact the rest of the world.

UGA

Gas looks weak and supply data suggests that UGA will go lower.


COP

Um, just fantastic.  With nice gains on the books and nat gas looking weak there might be a reason to sell with overall market weakness.  The aim would simply to reload and buy more on a pullback in the $58 area.


PSX

The COP-cousin just doesn't have the same mo-jo as it's close relative.  Higher oil prices and lower gasoline prices will hurt this guy and this is why the stock looks poor.


OXY

This has been one of my favorite charts to watch over the last 4 or 5 years.  Weakness here is seen in the chart and we could see a pretty significant plunge to the high 70's or lower.


APA

Short.  I've hated this one for a long time, it seems like it won't be long till it rejoins its old channel much lower.

KMF

This is a MLP type investment closed end fund.  It is still within its upward channel and we may have an opportunity to see it test the lower limit.  If it bounces, buy.


CHK

Despite my many posts citing my dislike for CHK, the shedding of Aubrey McClendon seems to have been a very good thing for the stock.


SRV

My guess is that you'd call this a diamond pattern if I drew it correctly.  I'd have to guess that it ends up to $8.80.  This is another version of a closed-end fund for MLPs, but is more leveraged and has a poorer management from what I can tell.

Oil and gas have often times adhered to the sell in May and go away saying.  That would not have served you well here in the energy sector this year, but could August be the time to get out of dodge?  I believe we'll see lower prices in the equities and perhaps oil my go higher if the Middle East tensions do not abate.

GOATMUG

Goatmug is an investor that cares about you and your family. Goatmug's Blog - Financial Perspectives From The Mountain Top is a collection of thoughts on our economy and how it impacts the lives of investors and average people. While several specific investments are named in many of his posts, these articles are simply invitations for you to do your own research and reference to these securities does not constitute financial advice. Your situation is complex and unique and you should seek professional assistance with your trading and investing. Please visit Goatmug and share your comments at http://www.goatmug.com/