BEST STOCKS REVIEW after STRONG GAINS...

originally published Friday, August 19, 2016

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In this update we are going to quickly review our best stocks, which had a very good day yesterday. Note that Eguana Technologies, another great stock, is the subject of a separate update this morning. Click on stock name to go back to latest report on it.

We start with Catasys, which broke strongly higher yesterday from its bull Pennant, as expected, tacking on another 18%. Catasys has a potential target MUCH higher – at the top line of the parallel channel shown…


Next Comstock Resources, which in recent days has mounted a challenge of its 200-day moving average, again as expected, which we had figured out it would do after observing its strongly bullish pattern. Upside potential for this stock, which had lost 99% of its value from its 2008 peak, is very high…


Finally, Pioneering Technology, whose volume pattern is powerfully bullish. Pioneering has broken above a clearly defined line of resistance to embark on another strong upleg, that should take it AT LEAST to the upper return line of the parallel channel shown, which, if it gets there, will be a good point to take profits and await developments…


Not all of our stocks have done this well of course, some are down, and it is planned to review all remaining open positions as soon as possible on the site. We should also keep in mind that there is one cloud on the horizon, and it’s a big one, which is the risk of a big drop in the broad stockmarket. Whilst aware that the Fed and the government are heavily involved in propping up the stockmarket via the PPT (Plunge Prevention Team), if they see it as in their interests to allow a short sharp drop to occur, to convince doubters of the need for the impending Helicopter Money bonanza, we could see a nasty drop, which could get out of their control if it triggers a daisy chain of bank failures, and it could drag everything down, including – and especially – the PM sector where COTs have been at frightening extremes for weeks. This is why it is considered wise for those of you who are in position to do so, to protect your long stock positions with cheap out of the money Puts in SPY, which is an S&P500 index proxy, or maintain fairly close stops. We will have a look at some of these as a matter of priority. Remember, this is not speculation we are talking about here, but insurance, although if the market did crater you would quickly wind up with big gains on these.

End of update.


Posted at 8.35 am EDT on 19th August 16.

The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment or securities advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market technical analyst, Clive Maund is not a Registered Investment Advisor or Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be construed as a recommendation or solicitation to buy and sell securities.