BOFI: Seems To Have Plenty Of Energy Left To Run Higher.

8/18/15

BOFI has been an interesting stock for a while now, one I regret that I never bought shares in. The chart below highlights its strength over the past three or four months, but I have also pointed out some recent triggers that suggest that BOFI is ready to again. In the past two weeks we have three High Close Doji’s ( a strong buy trigger) and the 2 Day Force (a trigger by Alexander  Elder) turning green.

Worth keeping an eye on,

onecandream

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US Concrete: Plenty Of Room To Grow.

8/18/15

Investors in US. Concrete, have been enjoying  a 50% run during the past 27 trading days. Is there more growth left? Well take a look at its earnings growth (upper left of chart) and then look at its P/E Ratio (upper center). With earnings growth that high and a low P/E ratio as compared to the earnings, price has plenty of growth left in the tank.

Price is a little extended at the moment, but if it will consolidate, I will be looking to jump on board.

Happy investing,

onecandream

8.18.15

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ERI: Excellent Relative Strength Lands This One On The Race To $1,000,000 Portfolio.

8/18/15

I bought shares today in ERI, a stock I have been watching on one of my screens on HGSI. It has been trading sideways for a while and yesterday closed above a key pivot point and both the 13 and 2 Day Force Index’s turned green…all of which gives me solid ground to build a new position on.

I will update the Race To $1,000,000 later today.

Happy investing,

onecandream

ERI

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SWKS: Update On A Fallen Leader.

8/17/15

As one might expect, SWKS has fallen on hard times, thanks in large part to Apple and China. Apple, because of its slowing iPhone sells and China, because of its weakening economy. Both are short-term worries..so, I will be keeping my eyes on this one and will be looking for a good/safe place to buy back in.

Happy investing,

onecandream

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Tesla: Next Stop $465? Maybe Sooner Than You Might Expect.

8/17/15

I will not bore you with my latest table pounding…..but I thought you might find this IBD article interesting.

http://news.investors.com/081715-766859-tesla-motors-mobileye-stock-up-on-self-driving-cars-uber.htm?ven=yahoocp&src=aurlled&ven=yahoo

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CSFL: A New Addition To The Race To $1,000,000 Portfolio.

8/17/15

Centerstate Banks Inc. was yesterdays “Chart Of The Week” during Dr. Scotts weekly podcast. Based on his enthusiasm for the pick, I decided to pickup some shares this morning. I, however, am having second thoughts after doing my chart work and noticing how the price has had a hard time staying above the upper channel line. That is on the negative side. On the positive side is the fact that it bounced off of its 20DMA and closed above a key pivot point.

Race To $1,000,000 spreadsheet is up to date.

So, I am hopping that Dr. Scotts analysis is spot on,

onecandream

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Excellent Trading Podcast.

8/17/15

An excellent podcast covering the different cycles go through. Chris Sayce mentions ATR a few times, below is a link to a post where I wrote about ATR. Hope you enjoy this as much as I did.

When you can be honest with yourself, that’s when you make a massive leap in the right direction.”

“I didn’t know if what I knew was the right thing to know.”

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