Dwight's Picks: May 2015

Sunday, May 31, 2015

Nasdaq Summation Index (29 May 15): Bearish

The Nasdaq Summation Index ($NASI) is a market breath indicator. When it turns higher, a greater number of stocks are advancing. When it turns lower, a greater number of stocks are declining.

Leveraged ETFs (29 May 15): SOXL $41.41

Buy (61) shares SOXL @ $41.41
Target Price (10%): $46.00

Volatility ETFs (29 May 15): XIV $45.19

Buy (56) shares XIV @ $45.19
Target Price (10%): $50.00

Leveraged ETFs (29 May 15): BIB $88.63

Buy (29) shares BIB @ $88.63
Target Price (10%): $98.00

Leveraged ETFs (29 May 15): CURE $39.83

Buy (63) shares CURE @ $39.83
Target Price (10%): $44.00

Leveraged ETFs (29 May 15): TQQQ $115.18

Buy (22) shares TQQQ @ $115.18
Target Price (10%): $127.00

Monday, May 25, 2015

Determine Market Direction (22 May 15)

Bull Market, Pullback, Correction and Bear Market

(1) Pullback: -5% off 52W High (2) Correction: -10% off 52W High (3) Bear Market: -20% off 52W High

Benchmark	Symbol	52-Week High	Condition
S&P 500	SPY	-0.37%	Bull Market
Dow Jones 30	DIA	-0.59%	Bull Market
Nasdaq 100	QQQ	-0.62%	Bull Market
Russell 2000	IWM	-2.12%	Bull Market

Understanding stock market direction is critical to any position you take in the market. Knowing whether you are in Bull Market, Bear Market or a Flat Market is equally important and key in assessing the potential for your trade.

Nasdaq Summation Index (22 May 15): Bullish

The Nasdaq Summation Index ($NASI) is a market breath indicator. When it turns higher, a greater number of stocks are advancing. When it turns lower, a greater number of stocks are declining.

Volatility ETFs (22 May 15): XIV $46.09

Buy (55) shares XIV @ $46.09
Target Price (10%): $50.70

Leveraged ETFs (22 May 15): BIB $88.39

Buy (29) shares BIB @ $88.39
Target Price (10%): $97.30

Leveraged ETFs (22 May 15): SOXL $37.47

Buy (67) shares SOXL @ $37.47
Target Price (10%): $41.30

Leveraged ETFs (22 May 15): CURE $39.84

Buy (63) shares CURE @ $39.84
Target Price (10%): $43.90

Leveraged ETFs (22 May 15): TQQQ $116.65

Buy (22) shares TQQQ @ $116.65
Target Price (10%): TQQQ $128.40

Saturday, May 16, 2015

Nasdaq Summation Index (15 May 15): Bullish

The Nasdaq Summation Index ($NASI) is a market breath indicator. When it turns higher, a greater number of stocks are advancing. When it turns lower, a greater number of stocks are declining.

Pullback, Correction and Bear Market

Pullback: -5% off 52W High Correction: -10% off 52W High Bear Market: -20% off 52W High

Benchmark	Symbol	52-Week High	Condition
S&P 500	SPY	-0.02%	Bull Market
Dow Jones 30	DIA	-0.09%	Bull Market
Nasdaq 100	QQQ	-1.42%	Bull Market
Russell 2000	IWM	-2.74%	Bull Market

Leveraged ETFs (15 May 15): URTY $101.67

Buy (25) shares URTY @ $101.67
Target Price (10%): $111.90

Leveraged ETFs (15 May 15): YINN $59.36

Buy (42) shares YINN @ $59.36
Target Price (10%): $65.30

Leveraged ETFs (15 May 15): NUGT $13.24

Buy (200) shares NUGT @ $13.24
Target Price (10%): $14.60

Leveraged ETFs (15 May 15): FAS $130.12

Buy (20) shares FAS @ $130.12
Target Price (10%): $143.20

Leveraged ETFs (15 May 15): UWTI $3.70

Buy (675) shares UWTI @ $3.70
Target Price (10%): $4.10

Volatility ETFs (15 May 15): XIV $42.99

Buy (58) shares XIV @ $42.99
Target Price (10%): $47.30

Saturday, May 9, 2015

Nasdaq Summation Index (8 May 15): Bearish

The Nasdaq Summation Index ($NASI) is a market breath indicator. When it turns higher, a greater number of stocks are advancing. When it turns lower, a greater number of stocks are declining.

Pullback, Correction and Bear Market

Pullback: -5% off 52W High Correction: -10% off 52W High Bear Market: -20% off 52W High

Benchmark	Symbol	52-Week High	Condition
Dow Jones 30	DIA	-0.22%	Bull Market
S&P 500	SPY	-0.40%	Bull Market
Nasdaq 100	QQQ	-2.22%	Bull Market
Russell 2000	IWM	-3.53%	Bull Market

Wednesday, May 6, 2015

Trade of the Day (6 May 15): YINN $55.29

Buy (45) shares YINN @ $55.29
Target Price (10%): $60.90

Pullback, Correction and Bear Market

Pullback: -5% off 52W High Correction: -10% off 52W High Bear Market: -20% off 52W High

Benchmark	Symbol	52-Week High	Condition
S&P 500	SPY	-2.09%	Bull Market
Dow Jones 30	DIA	-2.12%	Bull Market
Nasdaq 100	QQQ	-4.00%	Bull Market
Russell 2000	IWM	-4.61%	Bull Market

Tuesday, May 5, 2015

Trade of the Day (5 May 15): TQQQ $107.72

Buy (23) shares TQQQ @ $107.72
Target Price (10%): $118.50

Pullback, Correction and Bear Market

Pullback: -5% off 52W High Correction: -10% off 52W High Bear Market: -20% off 52W High

Benchmark	Symbol	52-Week High	Condition
S&P 500	SPY	-1.68%	Bull Market
Dow Jones 30	DIA	-1.77%	Bull Market
Nasdaq 100	QQQ	-3.34%	Bull Market
Russell 2000	IWM	-4.94%	Bull Market

Sunday, May 3, 2015

Nasdaq Summation Index (1 May 15): Bearish

The Nasdaq Summation Index ($NASI) is a market breath indicator. When it turns higher, a greater number of stocks are advancing. When it turns lower, a greater number of stocks are declining.

Pullback, Correction and Bear Market

Pullback: -5% off 52W High Correction: -10% off 52W High Bear Market: -20% off 52W High

Benchmark	Symbol	52-Week High	Condition
S&P 500	SPY	-0.83%	Bull Market
Dow Jones 30	DIA	-1.29%	Bull Market
Nasdaq 100	QQQ	-1.90%	Bull Market
Russell 2000	IWM	-4.06%	Bull Market