War, the Markets, and You

//War, the Markets, and You

Hawk’s Scan Sentry Report November 14

Welcome to Hawk’s Scan Sentry Report. This is Sunday night with equities analysis from Jan Arps’ Scan Sentry Toolkit for the week beginning November 14.

I want to thank Jan for posting that well-written midweek post about the developing flag patterns he’s finding in the markets these days, and their coincidence with Veterans Day. Of course, many of you may remember that Veterans Day was originally commemorated by our nation as “Armistace Day”, a celebration of the cessation of hostilities after the first ‘Great War’. It was a day set aside to remember the horrors of those war years in an effort to nourish the hope that governments could find more civil ways of resolving their differences. It wasn’t until well after the end of WWII that we modified that commemoration to honor all of the veterans of all of America’s wars.

These days the horrors of war often go unrecognized by many civilians. It is only through the experiences of our veterans and their families that the timeless agonies of war are experienced and remembered. Except for the financial expenditures (which are astronomical), civilians rarely share in the ‘cost’ of going to war anymore.  Yet, it is precisely those costs that are fueling our current national debt difficulties. The fiscal problems that the United States  is  currently experiencing are due largely to the fact that the debt for those unfunded wars is coming due at a time when the economy is still suffering the consequences of the economic collapse of 2008. I find it outrageous that, after invading Iraq and Afghanistan for 10 years on borrowed money, we are now trying to pay for it by reneging on the insurance policies that great and honest Americans have created and paid for called Medicare and Social Security.  But I digress….

Fortunately for us, the battle between the bulls and the bears goes on; and hopefully there will never be a cease-fire.  As soldiers on this battlefield, our first job is to survive which is accomplished through prudent-and-disciplined risk management. On the battlefield of the financial markets, upon which we trade, there will always be pecuniary casualties. There are armies of heavily leveraged capital out there trying to take your financial lifeblood. Don’t let them! If you can stay alive, then through a well-planned-and-executed strategy you can accomplish your goal of capital expansion within your trading accounts. In this battle you need the best armaments you can get… I use the tools from the Arps arsenal, particularly the ones in the Scan Sentry Toolkit.

Here are some of the opportunities I am finding this week using these tools.

_____Longs_____

ONXX

(Note the pullback to the short-term Trender after TriupleTrender synchronization accompanied by a Pullback23 signal within a Bull flag ).

CEG

(I like that this one broke through resistance and is now making new highs).

HCP

(This one made new highs and pulled back. It now has a Pullback23 at resistance. Beware, this will likely find more resistance around $40.40).

AEE

(I like that this has made new highs and has pulled back to resistance with all three Radar indicators and the Triple Trender all bullish).

_____Shorts_____

POT

(All three Radar tools are turning bearish with a Pullback23 signal after a nice bearish Pivot divergence several weeks ago).

DDS

(One bar wipes out a Bullish Triple Trender with a nice bearish Pivot divergence in Radar1 Fear/Greed and the Radar2 Price Leader).

BRY

(This one shows a bearish Type II “Trend Divergence” in the Radar2 Price Leader while at the same time a bearish Pullback 23 signal).

May the trend be with you,

Hawk

Jan Arps’ Traders’ Toolbox is not an investment advisory service nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. Examples presented on this site are for educational purposes only.  It should not be assumed that the methods, techniques, or indicators presented in these examples will be profitable or that they will not result in losses. There is a high degree of risk in trading.  Readers using this information are solely responsible for their actions and trade at their own risk. Readers should always check with their licensed financial advisor .

2018-01-08T08:17:15+00:00November 14th, 2011|Hawk's Picks|