Cool patterns predicting the next big moves for stocks. Off the charts segment is antithet call to my stock picking methods. I know from your feedback on twitt twitter youre interested in this analysis. I devote a whole chapter to charting, i havent become a charter myself if youre studying the physical and mental faculties, research, annuals and sectors and i lay it all out. Charters dont care much about this some of them hate the distraction of knowing much at all about a company for fear would bias them against the stocks chart. Ive become pretty proficient at charting over the years but i still allow on the individual work of professional technicians to demonstrate how to use charting and learn techniques that i could teach you i am picking the best of the best charts of some of the best technicians we was worked with, exploring the patterns so i guess you got to cull me a longterm believer thats why ive started nearly every saturday morning for the last 30 years reading the daily
Nasdaq up 0. 11 . Theres something important we need to know right here and right now. We have to think about, do activist investors help create wealth or do they destroy it are they a force for good for you or force for bad these are the questions we need to grapple with given that just this morning Procter Gamble narrowly defeated an attempt by nelson peltz to get a board seat putting an end to a bitter proxy fight that weve all been involved with and talked about here now, look. This is very much case by case thing. There are some scorch earth activists who specialize in creating ill will. Nothing else i think those days are largely behind us. At least when it comes to smart activists who know what theyre doing. Let me lay out some individual examples to show you what i mean about this Important Group of investors and what they mean for your pocketbook. Lets start with Procter Gamble, the gigantic Consumer Products company make no mistake, this is a Great American enterprise. Procte
Dow gain 42 points nasdaq climb 2. 5 per, usual records highs. Each day with get a stock that seems to ignite and then captures the fancy of investors and provide the leadership that make succession so exciting and yes, lucrative at least if you happen to own it in fact, you know what, im an angler and theres a tar pine festival in july next year this is like fishing, catching a 40 inch fish every day, each different than the day before. Take todays catch, markecdonal. Not that long ago this to be was knocked down, that created a panic, even as it seemed out of contractor with the slow and steady wins the race performance of ceo steven. Now the stock has broken out unless you call that will veggie burg they released in europe something, the stock climbed to a 2. 5 high the next thing you know the analysts will be inventing reasons why it went up so they can recommend the stock tomorrow having analysts pound the table doesnt hurt even if they are gemmed up. Everyone loves a winner but t
Maybe were so cynical so conditional to the economy and a so so market, we simply cannot imagine what were seeing on our screen at the end of a very good month where we powered higher in where we havent seen in ages. Its october people. We need to address something, we need to address what i call the inxray jewelty issue. This kind of rally seems unbelievable the worlds been starved of growth for ages, we havent seen anything like it for so long that we have a hard time grasping this move and therefore, it makes the move feel phony but thats only because were so accustomed to living in the shadow of the great recession. We had a huge worldwide slow down which made us believe that growth is lower to come by for years it felt like our committee or the major committees overseas were going to be muted because businesses didnt want to spend, because there wasnt enough nand to make it worthwhile. In that period of slow growth what defined a winning stock, well lets talk about that what worke
Getting better . What if the Global Economy is truly gaining momentum . Hey, thats what were starting to hear, but few people seem to be listening. Im certainly paying attention, though. Especially as the dow reaches an alltime high for the first time in over a year. Hallelujah the s p sets a record close for the second day in a row. That was easy. Bold claim. Things might be Getting Better but how about i give you some evidence . I always tell you to listen to that alcoa conference call. So many uses. Alcoa is plugged into so many end markets. Better than any economist at any Brokerage House thats ever going to give you. Last night alcoa painted a truly remark bl picture of a world on the move. Ceo klaus klein fell has been talking about illuminizatoin. Replacing steel in car parts, expected to grow at a 20 climb at least until 2020. Kle kleinfeld knows about autos. Unequivocally bullish. Strong demand not just behind us, but ahead of us. Much more important, though, remarkable reads