From Hospital & Medical, Paper & Forest Products thru to Mining, Oil & Gas & Airlines, each one of these stocks has been well researched & has been judged to have declined into oversold territory.

For more research & details, underneath each chart is a link to an article that explains more about the stock & why it has been judged oversold – Money Talks Editor  

Read full article in a new window: Virginia Mines Inc Becomes Oversold (TSE:VGQ.CA)

Stocks Continue To Fluctuate As Investors React To Mixed News

Our intraday outlook is neutral, and our short-term outlook is neutral:

Intraday (next 24 hours) outlook: neutral
Short-term (next 1-2 weeks) outlook: neutral
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish

The U.S. stock market indexes lost between 0.2% and 1.1% on Friday, as investors took profits following higher open. However, the S&P 500 index has managed to reach yet another new all-time high at 1,883.97, slightly exceeding its march 7 high of 1,883.57. The resistance remains at around 1,880-1,900. On the other hand, the support is at 1,840-1,850, marked by some of the previous local lows. The market remains in a few-week long consolidation, following February rally, as we can see on the daily chart:

(click on image for larger view)

Expectations before the opening of today’s session are slightly positive, with index futures currently up 0.1-0.2%. The main European stock market indexes have lost 0.5-0.7% so far. The S&P 500 futures contract (CFD) extends its consolidation, moving along the level of 1,850. The resistance is at around 1,870-1,875, and the support remains at 1,830-1,840. There is no clear short-term direction, as the 15-minute chart shows:

(click on image for larger view)

The technology Nasdaq 100 futures contract (CFD) continues to fluctuate, remaining relatively slightly weaker, as it trades below the level of 3,650. The support is at 3,600-3,610, and the resistance is at the psychological 3,700, among others:

(Click on image for larger view)

Thank you.

“There are several indicators that monitor the internal “health” of the market that are likely to give us “early warning” signs that a more serious illness is developing. These include changes in momentum, sentiment, breadth and money flows. This week, we will review five measures in particular: Net New Highs, Advancing vs Declining Issues, Bullish Sentiment, Number Of Stocks Above Their 200-Day Moving Average (DMA), and Number Of Stocks On Bullish Buy Signals. I will also review our long term buy / sell indicator which is critical to identifying changes in the current market trend.

We will start with the number of NET new highs. This is the number of stocks hitting new highs less the one hitting new lows. In an “exuberant” bull market, you would expect to see the number of net new highs at very high levels. This is the 50-week moving average of net new highs. One thing to notice is that the current peak in the long term moving average of net new highs is at the highest levels in history.

….continue reading this 15 page report HERE

Stockscores.com Perspectives for the week ending March 21, 2014

In this week’s issue:

• Weekly Commentary
• Strategy of the Week
• Stocks That Meet The Featured Strategy

Upcoming Events
First 500 registered receive my book, The Mindless Investor, free (courtesy of Disnat). Register now at this page.

Can’t make the Calgary or Vancouver events? Register for the upcoming webinar and we will email you to let you know when it is.

Calgary April 3 and 5
Vancouver April 12
Surrey April 15
Webinar April

For details and to register now, Click Here.

Trade Process
You have a strategy that you believe in, having tested it well and finding that it has a strong expected value. Are you ready to make market beating profits? Unfortunately, without a good process, even the best strategies can fall apart.

What steps will you take to find the trades, manage risk, monitor the trade for an exit and keep your emotions in check? Any one of these steps can suffer a breakdown that causes a winning trade to turn in to a loser. Without a good process for finding the trades, you can miss them or find them too late, hurting your overall performance. Discipline is essential to carrying out your trading plan so that its effectiveness can be similar to what you found when you were developing and testing your strategy.

Your process does not need to be complex; instead, it should be simple. What is important, however, is that you leave no room for error when defining your process. Creating your trading plan should include the step by step process so specific that you could program it in to a computer.

If you are at all vague then you leave room for your emotions to creep in to the process. You increase the potential that you will see what you want to see or ignore the market’s message. In a one page, written plan, you should establish your rules and also the processes you will go through to activate those rules.

Include a schedule. If you are a long term position trader, establish the time of the week when you will do your research process to find trades. Block off time to monitor the trades you are in. Come up with a simple process to define your position size. Most importantly, define the steps you will take to maintain discipline and emotional control through the process.

If you are an active trader, take the time to define what you will do through the trading day. When will you be at your desk looking for trades? What are the processes you will use to find those trades and when will you do them? You should define each step in your trading day so that you have the best chance of being focused and disciplined.

Most of us are busy and have many distractions that can take us away from our trading plan. A good strategy is not enough to be successful; we must also have a clear and well defined process for carrying it out. The hour you spend creating this plan will have a big impact on your returns so get to work on it now!

This week, I ran the process I use to find good weekly charts for longer term position trades. I set up the Market Scan to look for stocks that have gained 5% or more over the past 10 days, Sentiment Stockscore of 50 or higher, and at least 150 trades for the Canadian market and 1000 for US markets. To limit the number of stocks that I have to look at, I also focused my scans on stocks under $15.

Before running the Market Scan, I set my chart up to be a 3 year weekly. To do this, I called up any chart, clicked on the charting tab, set the time frame to weekly and the lookback to 3 years. Once I click on Create Chart, the default is set so that all charts that I view will be weekly.

Here are the three charts that I think are standouts:

1. T.AAV
T.AAV breaks to two year highs this week from an optimistic rising bottom. Lots of ground to recover from the losses the stock incurred in 2011. Support at $4.40.

2. FTR
FTR is breaking out from a rounding bottom pattern, this week moving through $5 resistance to highs not seen since early in 2011. No major resistance until $9, support at $4.95.

3. AKS
AKS had a good run higher late in 2013 but has been in a profit taking slide for 2014. This week, the stock broke its pull back, making a move out of a flag pattern on the weekly chart. Good chance it can move to $10 with support at $5.95.

Disclaimer
This is not an investment advisory, and should not be used to make investment decisions. Information in Stockscores Perspectives is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The writers and editors of Perspectives may have positions in the stocks discussed above and may trade in the stocks mentioned. Don’t consider buying or selling any stock without conducting your own due diligence.

Basically, “Try Not To”. As the author of this article proves well below. 

Warren Buffett has commented that he would have more money today if he had never sold a position. Perhaps a more simple summary comes from Tom Gayner, the very successful chief investment officer at Markel (NYSE:MKL), who has said that investors make more money from their butts than their brains (as in, sit still and don’t overthink things).

Reading a well written article on the topic of “selling” from time to time is usually a valuable expediture of any investors time. For most of us, if not all of us find it difficult & even downright terrifying to sit through a correction in either a market, or an individual stock. The temptation to sell at the wrong time is powerful – Editor Money Talks

….read When Should You Sell?