Monday, November 24, 2014

November Stocks Most Extended from 200 SMA: MNST, EW, YHOO, LUV, AVP, DNR, RIG, NBR

Which top trending stocks – both bullish and bearish – are most extended from their rising (or falling) 200 day Simple Moving Average?
Let’s use this simple yet effective stock scan to highlight eight trade-trending (or fading) candidates right now:

This scan was created from’s Screener Tool focusing on the stocks most over and under extended from the 200 day SMA.
The scan charts the stocks farthest away from the average in percentage terms.
Right now, Monster (MNST) is the most extended and trending stock, followed by Edwards Life Sciences (EW), Yahoo (YHOO), and Southwest Airlines (LUV).
The general strategy here is to highlight these as strong relative strength candidates and put these on watch-lists for future buy signals, usually on retracements.
The more aggressive strategy is to play a “Mean Reversion” strategy which calls for fading overextended stocks as they (ideally) move back toward rising averages (a counter-trend, short-term play).
Personally, I prefer pro-trend strategies but you can use this list however best fits your trading goals.
Our downtrending extending stocks include the following:

Avon  Products (AVP), Denbury (DNR), Transocean (RIG), and Nabors Industrials (NBR).

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The Case for Dividends

• Bond yields have been in a secular decline since the early 1980s. For example, the US 10-year Treasury yield peaked at roughly 16% in 1981 versus 2.3% today. With bond yields so low, investors have increasingly looked to equities to meet their income and cash flow needs. We believe there are a number of long-term supportive trends for dividend-paying stocks and therefore continue to view them as the cornerstone of any investor portfolio.
• History shows that dividends account for a significant portion of total stock returns. Since 1988, the S&P/TSX Composite Index (S&P/TSX) has returned a cumulative 370% on a price basis. However, on a total return basis (including reinvested dividends) the S&P/TSX has returned 823%. This equates to dividends accounting for roughly 50% of total returns over this period. (more)

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This Week in Money with Guests: David Morgan, Eric Coffin, Tim Wood – Nov. 22, 2014

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Avi Gilburt – What Is The Elliott Wave Theory Saying Now About Gold and Oil?

from Financial Survival Network
 Avi Gilburt went from playing professional hockey, to a career in a law and accounting, to becoming a master Elliott Wave interpreter. He tells us his story, sad in parts, inspiring in others. In the past three years, the cycle theorists have called these markets right far more often than anyone else. There’s a reason why and Avi explains it to us. He also tells us why he believes there’s big money to be made in the gold miners and the oil drillers, if you have the guts and the staying power. A new guest, you’ll be hearing from Avi a lot more in the future.
Click Here to Listen to the Audio
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US Weekly Economic Calendar

time (et) report period ACTUAL CONSENSUS
8:30 am Chicago Fed national activity index Oct.   -- 0.25 3-month
8:30 am GDP revision Q3   3.3% 3.5%
9 am Case-Shiller home prices Sept.   -- 5.1% y-o-y
9 am FHFA home prices Sept.   -- 4.8% y-o-y
10 am Consumer confidence index Nov.   96.7 94.5
8:30 am Weekly jobless claims Nov. 22   288,000 291,000
8:30 am Personal income Oct.   0.4% 0.2%
8:30 am Consumer spending Oct.   0.4% -0.2%
8:30 am Core PCE price index Oct.   0.2% 0.1%
8:30 am Durable goods orders Oct.   -0.8% -1.1%
9:45 am Chicago PMI Nov.   -- 66.2
9:55 am Consumer sentiment index Nov.   89.5 89.4
10 am New home sales Oct.   470,000 467,000
10 am Pending home sales Oct.   -- 0.3%
  Thanksgiving Day
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