Posts Tagged ‘RAIL’

DARK HORSE HEDGE

DARK HORSE HEDGE Weekend Catch-Up 

By Scott at Sabrient and Ilene at Phil’s Stock World

Hedging into the week of August 2nd, the Dark Horse Hedge (DHH) is in a BALANCED tilt (long to short ratio) with 8 LONG and 8 SHORT positions. We used Phil’s BUY/WRITE strategy to enter two of our LONG positions (IM and GCI) at a 10-20% discount to the market.  As you can see from the chart, the SPX wandered between the 50 and 200 day moving averages (MAs) all week before whimpering towards the bottom of the channel Thursday and Friday. The 12-26-9 MACD which is the faster of the 2 technical direction signals we follow has flat-lined at just above +6 and the slower RSI 14-day still remains just below 50.

Without some impressive economic reports coming this week or much better than expected earnings reports, we believe the market will drift down towards and test the 50 day MA. If a bullish tone sets back in, it is doubtful that it could easily push through the 200 day MA.  Resistance points as well as the 50 and 200 day MAs all which fit into a fairly narrow trading channel.

[chart from FreeStockCharts.com]

We are happy with the positions we put on in DHH’s first 30 days of existence and we look forward to capturing more profit as the companies report earnings this week.  We will continue to take profits "after the news" and rotate into newer, fresher positions while keeping an eye on the overall market to adjust our tilt for maximum Alpha*, which is why we all write and read DHH. 

Summary of DHH positions in the virtual portfolio

LONG: XRTX, WDC, GCI, IM, DLX, GME, FRZ, and TEO  

SHORT: AIV, STI, HUSA, USG, CLDA, TEX, RAIL, and JOE 
 
Read previous DHH actions and follow our latest portfolio moves here. > 
 
*We are aiming to be hedged in our market exposure by being long stocks with the greatest potential to rise and short stocks with the greatest potential to decline.  To identify these winner and loser stocks, we use Sabrient’s Value Change Up (VCU) assessment system. Sabrient’s VCU system is a multi-factor quantitative ranking system that scores over 2,000 stocks and allows us to enter LONG positions in the best ranking stocks and SHORT positions in worst ranking


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DARK HORSE HEDGE

DARK HORSE HEDGE

By Scott at Sabrient and Ilene at Phil’s Stock World

Cover short AMAG at the Market, Thursday 7/29/10

Short RAIL at the Market, Thursday 7/29/10

AMAG lived up to expectations last night with a resounding -$1.01 versus expectations of -$.96 and revenues fell slightly short at a not-so-healthy $16 million from its main product, Feraheme.  Analyst Robert W. Baird immediately dropped AMAG from outperform to neutral and the stock has fallen -13.51%.  DHH added AMAG as a short on July 1, 2010 in anticipation of the “earnings” shortfall.  We believe it is best to “sell on the news” so we are recommending covering AMAG at the market. 

DHH will replace the short position in the virtual portfolio to maintain our BALANCED Long/Short tilt as the market is between the 50 and 200 day MA at this time. 

AMAG

Chart from FreeStockCharts.com (click on images or links if you can’t see the chart)

See also: AMAG slides on earnings report, downgrade, MW

SHORT FreightCar America (RAIL) at the market, July 29, 2010 

Continuing on DHH theme of looking for SHORT opportunities that continually disappoint on “earnings” day, we are adding RAIL to replace AMAG at the market.  RAIL is set to announce “earnings” on August 5, 2010 at 11am ET.  The eight analysts who follow RAIL expect a loss of -$.17 with a range of -$.24 on the low side to -$.10 on the high side.  Going back to Sept 2009, RAIL has disappointed analysts in a consistent fashion by delivering a profit of +$.09 versus expectations of +$.22 in September 2009, a loss of -$.47 in December 2009 when analysts were looking for a +$.04 gain, and again last quarter, when RAIL delivered -$.28 in the face of analysts’ projections of -$.17. 

RAIL is rated a STRONGSELL by Sabrient with a VALUE score of 25 (out of a possible 100) and a GROWTH score of 30 (out of 100).  DHH is in a BALANCED L/S tilt with 8 LONG and with the addition of RAIL 8 SHORT.  We will continue to monitor market trends to evaluate the need to change the tilt.

Chart from FreeStockCharts.com


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DARK HORSE HEDGE – Covering AMAG, Shorting RAIL

DARK HORSE HEDGE 

By Scott at Sabrient and Ilene at Phil’s Stock World

Cover short AMAG at the Market, Thursday 7/29/10

Short RAIL at the Market, Thursday 7/29/10

AMAG lived up to expectations last night with a resounding -$1.01 versus expectations of -$.96 and revenues fell slightly short at a not-so-healthy $16 million from its main product, Feraheme.  Analyst Robert W. Baird immediately dropped AMAG from outperform to neutral and the stock has fallen -13.51%.  DHH added AMAG as a short on July 1, 2010 in anticipation of the “earnings” shortfall.  We believe it is best to “sell on the news” so we are recommending covering AMAG at the market. 

DHH will replace the short position in the virtual portfolio to maintain our BALANCED Long/Short tilt as the market is between the 50 and 200 day MA at this time. 

AMAG

Chart from FreeStockCharts.com (click on images or links if you can’t see the chart)

See also: AMAG slides on earnings report, downgrade, MW

SHORT FreightCar America (RAIL) at the market, 7/29/10 

Continuing on DHH theme of looking for SHORT opportunities that continually disappoint on “earnings” day, we are adding RAIL to replace AMAG at the market.  RAIL is set to announce “earnings” on August 5, 2010 at 11am ET.  The eight analysts who follow RAIL expect a loss of -$.17 with a range of -$.24 on the low side to -$.10 on the high side.  Going back to Sept 2009, RAIL has disappointed analysts in a consistent fashion by delivering a profit of +$.09 versus expectations of +$.22 in September 2009, a loss of -$.47 in December 2009 when analysts were looking for a +$.04 gain, and last quarter, when RAIL delivered -$.28 in the face of analysts’ projections of -$.17. 

RAIL is rated a STRONGSELL by Sabrient with a VALUE score of 25 (out of a possible 100) and a GROWTH score of 30 (out of 100).  DHH is in a BALANCED L/S tilt with 8 LONG and with the addition of RAIL 8 SHORT.  We will continue to monitor market trends to evaluate the need to change the tilt.

Chart from FreeStockCharts.com


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The PhilStockWorld.com Weekly Webinar - 05-27-2020

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00:01:40 - Yang 4 Day Work Week
00:12:21 - DIS
00:19:01 - Bonds
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01:10:08 - States Reopening
01:14:16 - May Portfolio Review
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Biotech/COVID-19

How coronavirus contact tracing works in a state Dr. Fauci praised as a model to follow

 

How coronavirus contact tracing works in a state Dr. Fauci praised as a model to follow

Pairing widespread testing with fast, effective contact tracing is considered essential for controlling the coronavirus’s spread as the U.S. passes 100,000 deaths. AP Images/Rick Bowmer

Courtesy of Jenny Meredith, University of South Carolina

After weeks of keeping people home to “flatten the curve,” restrictions on U.S. businesses are loosening and the coronavirus pandemic response is moving ...



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Don't expect a second round of stimulus checks in June

By Michelle Jones. Originally published at ValueWalk.

Lawmakers from both parties are finally starting to agree that a second round of coronavirus stimulus checks may be needed. However, they are still a long way from making a final decision that will actually result in another round of checks for everyone. Here’s the current status on a second round of stimulus checks.

Q1 2020 hedge fund letters, conferences and more

Coronavirus stimulus checks: second round status

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Zero Hedge

Futures Tread Water In Calm Before US-China Storm, Trump Twitter Crackdown

Courtesy of ZeroHedge View original post here.

The S&P's remarkable stretch of posting gains in the overnight session continued for another day, with the S&P rising as high as 3,053, and last trading 9 points higher at 3,044, tracking global stocks higher, with Europe's Stoxx 600 rising 1.3% to session highs as investors weighed again increased friction between America and China and the official passage of China's National Security Law in defiance of Trump, against fresh fiscal stimulus promised by the European Union. Treasuries edged up, while the dollar was modestly lower even as traders "treaded water...



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Kimble Charting Solutions

Tech Indicator Suggesting A Historic Top Could Be Forming?

Courtesy of Chris Kimble

Tech stocks have been the clear leader of the stock market recovery rally, this year and since the lows back in 2007!

But within the ranks of leadership, and an important ratio may be sending a caution message to investors.

In today’s chart, we look at the ratio of large-cap tech stocks (the Nasdaq 100 Index) to the broader tech market (the Nasdaq Composite) on a “monthly” basis.

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M2 Velocity Collapses - Could A Bottom In Capital Velocity Be Setting Up?

Courtesy of Technical Traders

M2 Velocity is the measurement of capital circulating within the economy.  The faster capital circulates within the economy, the more that capital is being deployed within the economy to create output and opportunities for economic growth.  When M2 Velocity contracts, capital is being deployed in investments or assets that prevent that capital from further circulation within the economy – thus preventing further output and opportunity growth features.

The decline in M2 Velocity over the past 10+ years has been dramatic and consistent with the dramatic new zero US Federal Reserve interest rates initiated since just after the 2008 credit crisis market colla...



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Lee's Free Thinking

US Southern States COVID19 Cases - Let's Give Credit Where Due

 

US Southern States COVID19 Cases – Let’s Give Credit Where Due

Courtesy of  

The number of new COVID 19 cases has been falling in the Northeast, but the South is not having the same experience. The number of new cases per day in each Southern state has been rangebound for the past month.

And that’s assuming that the numbers haven’t been manipulated. We know that in Georgia’s case at least, they have been. And there are suspicions about Florida as well, as the State now engages in a smear campaign against the fired employee who built its much praised COVID19 database and dashboar...



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Chart School

Is this your local response to COVID 19

Courtesy of Read the Ticker

This is off topic, but a bit of fun!


This is the standard reaction from the control freaks.








This is the song for post lock down!







What should be made mandatory? Vaccines, hell NO! This should be mandatory: Every one taking their tops off in the sun, they do in Africa!

Guess which family gets more Vitamin D and eats less sugary carbs, TV Show



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Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

 

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

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Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

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No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

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Economic Data Scheduled For Friday

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Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Funny but probably true:

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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