Portfolio|Ascent
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Swing Trading and Market Outlook
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Portfolio|Ascent
Junior member
- Messages
- 25
- Likes
- 0
Thursday Market Update
Stocks opened mostly flat, with minor weakness in the early hours of yesterday's trading session, only to be followed by a strong move in the later hours of the afternoon. Market leaders mostly posting gains yesterday, with FB still looking the strongest. A snap back in the market can only lead to more break out levels being established.
-All our members have begun buying key stocks as of last week and this week, for the first time in a month due to prior challenging market dynamics
-FB continues to be the strongest market leader in the group thus far
-Several stocks have begun to set up for an advance, given the snap back in the market and upcoming earnings quarter, our watch list could post some nice gains over the next few weeks
-We are proud to announce that Portfolioascent.com is now a contributing partner for Interactive Broker's (IBKR) Traders' Insight analyst panel and TWS market data news feed!
A biotech stock and one of the many names in our watch list is GILD, which is setting up nicely
To see our full watch list, as well as to receive real-time alerts on our trading activity, sign up for our free 1-month trial here
Hans Ong
Analyst, Portfolioascent.com
Connect with us
Facebook | Twitter
Email: [email protected]
Stocks opened mostly flat, with minor weakness in the early hours of yesterday's trading session, only to be followed by a strong move in the later hours of the afternoon. Market leaders mostly posting gains yesterday, with FB still looking the strongest. A snap back in the market can only lead to more break out levels being established.
-All our members have begun buying key stocks as of last week and this week, for the first time in a month due to prior challenging market dynamics
-FB continues to be the strongest market leader in the group thus far
-Several stocks have begun to set up for an advance, given the snap back in the market and upcoming earnings quarter, our watch list could post some nice gains over the next few weeks
-We are proud to announce that Portfolioascent.com is now a contributing partner for Interactive Broker's (IBKR) Traders' Insight analyst panel and TWS market data news feed!
A biotech stock and one of the many names in our watch list is GILD, which is setting up nicely
To see our full watch list, as well as to receive real-time alerts on our trading activity, sign up for our free 1-month trial here
Hans Ong
Analyst, Portfolioascent.com
Connect with us
Facebook | Twitter
Email: [email protected]
Portfolio|Ascent
Junior member
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Monday Market Update
Excerpt from out latest macro report
"In our previous report, we expressed our bearish view across US stocks, especially in the Russell 2000 index which is now in “plunge mode” and shifted to a cash position a fortnight ago. The outlook for US equities has worsened considerable since then as stocks have continued lower and the small cap Russell now sits 6% lower. The S&P 500 index lost support rather quickly at the 50 dma and is now sitting on the 200 dma, where institutional buying is often seen. The price action over the coming week will be highly critical.
Price action is currently indicating a transition to bear market behaviour; trading volume has surged as the market declines while rallies have occurred on lower volume and have been quickly retraced. Furthermore, one of the strongest sectors, biotech stocks, which had been holding up well have also started to give way, breaking below key support levels."
-A midst the volatile and choppy action in stocks, many of the set ups in our watch list have failed before even hitting the entry point
-Capital preservation becomes key as our subscribers continue to remain in cash while we patiently wait for a reprieve from the selling
-Many dislocations were felt across the financial markets last week, were part our forecasts in our latest market report
The action of leading averages clearly display a break in the uptrend. With the massive sell-off last week, a temporary bottom might be in the works, with the market in oversold territory.
Hans Ong
Analyst, Portfolioascent.com
Connect with us
Facebook | Twitter
Email: [email protected]
Excerpt from out latest macro report
"In our previous report, we expressed our bearish view across US stocks, especially in the Russell 2000 index which is now in “plunge mode” and shifted to a cash position a fortnight ago. The outlook for US equities has worsened considerable since then as stocks have continued lower and the small cap Russell now sits 6% lower. The S&P 500 index lost support rather quickly at the 50 dma and is now sitting on the 200 dma, where institutional buying is often seen. The price action over the coming week will be highly critical.
Price action is currently indicating a transition to bear market behaviour; trading volume has surged as the market declines while rallies have occurred on lower volume and have been quickly retraced. Furthermore, one of the strongest sectors, biotech stocks, which had been holding up well have also started to give way, breaking below key support levels."
-A midst the volatile and choppy action in stocks, many of the set ups in our watch list have failed before even hitting the entry point
-Capital preservation becomes key as our subscribers continue to remain in cash while we patiently wait for a reprieve from the selling
-Many dislocations were felt across the financial markets last week, were part our forecasts in our latest market report
The action of leading averages clearly display a break in the uptrend. With the massive sell-off last week, a temporary bottom might be in the works, with the market in oversold territory.
Hans Ong
Analyst, Portfolioascent.com
Connect with us
Facebook | Twitter
Email: [email protected]
Portfolio|Ascent
Junior member
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Wednesday Market Update
Excerpt from out latest macro report
"Having ended QE purchases and revising the Fed statement to a hawkish one, the Fed has re-main largely quiet since then, likely waiting to observe the reaction across financial markets. So far, the markets have bought into the argument that the economy in terms of GDP and unemployment can hold its own without Fed liquidity, which is seen in equities hitting new highs. This is the implicit assumption for any long position in US equities currently but the odds are not particularly favorable given the strong correlation between the Fed’s balance sheet and US equities, as well as the forward looking nature of markets which means any downtick in US data will be seen well after markets begin to weaken."
-Monday's high in leading indices was on lower than average volume, on a trading day with a relatively quiet economic calendar
-Levels in the market have come a long way since October's lows and our watch list composition still suggests that internals in the overall market are not strong
-A conservative exposure level, buying on strength and selling on weakness is now our play
Having banked in a quick profit in BABA, and the remaining of our positions locked in to guarantee profits for us and our subscribers.
Check out our watch list in our Trading Advisory Newsletter sent every Tuesday and Thursday. Sign up for a FREE 1 Month Trial here
Hans Ong
Analyst, Portfolioascent.com
Connect with us
Facebook | Twitter
Email: [email protected]
Excerpt from out latest macro report
"Having ended QE purchases and revising the Fed statement to a hawkish one, the Fed has re-main largely quiet since then, likely waiting to observe the reaction across financial markets. So far, the markets have bought into the argument that the economy in terms of GDP and unemployment can hold its own without Fed liquidity, which is seen in equities hitting new highs. This is the implicit assumption for any long position in US equities currently but the odds are not particularly favorable given the strong correlation between the Fed’s balance sheet and US equities, as well as the forward looking nature of markets which means any downtick in US data will be seen well after markets begin to weaken."
-Monday's high in leading indices was on lower than average volume, on a trading day with a relatively quiet economic calendar
-Levels in the market have come a long way since October's lows and our watch list composition still suggests that internals in the overall market are not strong
-A conservative exposure level, buying on strength and selling on weakness is now our play
Having banked in a quick profit in BABA, and the remaining of our positions locked in to guarantee profits for us and our subscribers.
Check out our watch list in our Trading Advisory Newsletter sent every Tuesday and Thursday. Sign up for a FREE 1 Month Trial here
Hans Ong
Analyst, Portfolioascent.com
Connect with us
Facebook | Twitter
Email: [email protected]
Portfolio|Ascent
Junior member
- Messages
- 25
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- 0
Friday Market Update
Global Macro
"The risk premium in risk assets, especially equities, has been reset higher almost overnight. The bond market has already started to price this in throughout 2014, especially in the high yield segment, with equities lagging behind in recognizing this as is the norm historically. One can also point out that the strength of the US dollar this year, a dominant theme these days, together with the flattening of the Treasury yield curve to the lowest level since January 2009, reflects this increase in the asset risk premium. Therefore at current levels, US equities appear vulnerable to say the least..."
-Leading stocks continue to behave weak as indices hold up suggesting underlying weakness in the market
-Many leading stocks are well below recent highs and new leadership has recently been light.
-Staying defensive in cash remains the best option for us
As we start to reduce our exposure in longs (staying extremely selective and reducing existing quantity), we also begin to initiate opportune trades by short selling stocks that have been fundamentally weak and have started to plunge despite new highs in leading indices.
Head to our website at http://www.portfolioascent.com/ to know more
Hans Ong
Analyst, Portfolioascent.com
Connect with us
Facebook | Twitter
Email: [email protected]
Global Macro
"The risk premium in risk assets, especially equities, has been reset higher almost overnight. The bond market has already started to price this in throughout 2014, especially in the high yield segment, with equities lagging behind in recognizing this as is the norm historically. One can also point out that the strength of the US dollar this year, a dominant theme these days, together with the flattening of the Treasury yield curve to the lowest level since January 2009, reflects this increase in the asset risk premium. Therefore at current levels, US equities appear vulnerable to say the least..."
-Leading stocks continue to behave weak as indices hold up suggesting underlying weakness in the market
-Many leading stocks are well below recent highs and new leadership has recently been light.
-Staying defensive in cash remains the best option for us
As we start to reduce our exposure in longs (staying extremely selective and reducing existing quantity), we also begin to initiate opportune trades by short selling stocks that have been fundamentally weak and have started to plunge despite new highs in leading indices.
Head to our website at http://www.portfolioascent.com/ to know more
Hans Ong
Analyst, Portfolioascent.com
Connect with us
Facebook | Twitter
Email: [email protected]
Portfolio|Ascent
Junior member
- Messages
- 25
- Likes
- 0
Monday Market Update
-A wild reversal in the market last week with a few stocks exhibiting strength under the market headwind
-Longs should be focused on these stocks that are holding up well
-These selections should consist of stocks that have trended well and are leaders in their industry/sector
Heading into the last month of the year generally calls for lower than average overall market volume, and as of late, much volatility in the indices due to various fundamental shocks. In these environments, opportunities would favor the active day trader instead of swing/momentum traders. As leading indices continue to pullback, we arrive near-term oversold territory which could help set up stocks for a strong rebound.
Notable counters include fund favorite AAPL, CELG from the biotech sector and IPO darling BABA, to name a few
Hans Ong
Analyst, Portfolioascent.com
Connect with us
Facebook | Twitter
Email: [email protected]
-A wild reversal in the market last week with a few stocks exhibiting strength under the market headwind
-Longs should be focused on these stocks that are holding up well
-These selections should consist of stocks that have trended well and are leaders in their industry/sector
Heading into the last month of the year generally calls for lower than average overall market volume, and as of late, much volatility in the indices due to various fundamental shocks. In these environments, opportunities would favor the active day trader instead of swing/momentum traders. As leading indices continue to pullback, we arrive near-term oversold territory which could help set up stocks for a strong rebound.
Notable counters include fund favorite AAPL, CELG from the biotech sector and IPO darling BABA, to name a few
Hans Ong
Analyst, Portfolioascent.com
Connect with us
Facebook | Twitter
Email: [email protected]
