The online consumer finance stock YRD – Yirendai has long been part of the ‘Focused Watch List’ available for Premium Members. Although the market is not closed yet, it looks like YRD – Yirendai will take out the former pivot high created around a month ago.

This represents a great technical ‘cheater buying opportunity’. Technically speaking, it is a very interesting place to buy the stock. It is buying into strength after patiently waiting for the stock to confirm solid accumulation. On the other hand, it is anticipating a run to its all time high. Printing new all time highs will trigger a lot of technical buy orders. This cheater entry allows traders to position themselves just before the ‘all time high momentum traders’ rush into the stock.

Click on YRD – Yirendai chart to enlarge:

YRD Yirendai Stock With Blue Sky Potential Technical Strength China Finance

If YRD – Yirendai is on its way toward new all time highs it might consolidate a bit around the 15$ mark. Then the bullish ascending triangle in blue will provide excellent pattern pressure for a continued run to the upside. We are not there yet, but if the stock continues to be accumulated, odds are high it will power higher.

Technically speaking there will be no overhead resistance and YRD will offer ‘Blue Sky Potential’.

Company summary from Yahoo finance:
Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People’s Republic of China. It offers standard, fasttrack, and vertical loan products. The company also provides credit scoring and fraud detection systems, and investing tools. The company was founded in 2012 and is based in Beijing, the People’s Republic of China. Yirendai Ltd. is a subsidiary of CreditEase Holdings (Cayman) Limited.

Remember, your goal is to trade well, not to trade often. -Alexander Elder

Join the Tischendorf Letter Premium, learn how to think as a trader and get exposure to new market leaders!

{ Comments on this entry are closed }

The past few weeks the market has become increasingly difficult to trade. That’s why in this week’s interview with Mike Swanson from WallstreetWindow we discuss some new trading opportunities, ‘Real Trading vs. Unrealistic Expectations’ and what to do in the current market environment.

Audio Interview: How To Handle Earnings & Choppy Market Environments


Tischendorf Letter Interview: How To Handle Earnings & Choppy Market Environment – mp3

The interview is also available on Mike Swanson’s website:
http://wallstreetwindow.com/node/12833

We discuss the following stocks and sectors:

  • DBA – Agriculture ETF
  • AAPL – Apple
  • FB – Facebook
  • NFLX – Netflix
  • OLED – Universal Display
  • EBIX – Ebix.com
  • XLE – Energy ETF
  • XBI – Biotech ETF
  • GDX – Gold Miners ETF
  • UUP – US Dollar $USD
  • Marijuana & Cannabis – Trend Worth Monitoring

Check my past AAPL – Apple chart analyses where you can see the development of the bearish head and shoulders chart pattern formation. The current technical set-up still  implies lower prices:

AAPL Apple – Bearish Distribution Pattern

AAPL Apple – How To Avoid Bear Markets

Jesse Livermore On Being Wrong. Trading Quote I have long since learned, as all should learn, not to make excuses when wrong. Just admit it and try to profit from it. Jesse Livermore

I have long since learned, as all should learn, not to make excuses when wrong. Just admit it and try to profit from it. – Jesse Livermore

Follow me on Twitter & Stocktwits:
https://twitter.com/Tischendorf
http://stocktwits.com/Tischendorf

Join the Tischendorf Letter Premium, learn how to think as a trader and get exposure to new market leaders!

{ Comments on this entry are closed }

The insurance software stock EBIX – Ebix.com Inc. was recently highlighted for members as a ‘High Potential Stock’. It displays several character traits that are typical for big winning stocks in the making.

In my videos that I produce exclusively for members, you get to know what these winning character traits are. Join the Tischendorf Letter Premium to learn how to spot big winners early on: https://members.tischendorf.com

One such character trait is obviously related to price. You can spot big future winners by scanning for stocks making new 52 week highs or new all time highs. EBIX fits that description.

Information a look at a pure price chart doesn’t reveal is the short interest. With EBIX, the short interest is simply mind-boggling. More than 30% of the current float has been shorted. Interestingly, EBIX features additional big winning stock character traits, but still, traders are in denial and shorting the stock like there’s no tomorrow.

EBIX Ebix.com Inc Short Interest Squeeze Potential Insurance Software All Time High Stock Chart Pattern Pressure

This often represents a great trading opportunity. If the stock continues to creep higher and keeps printing new all time highs, at some point in time the pressure on shorts will become unbearable. When they start to cover in earnest, everyone will rush to the exit at the same time. If we get a ‘throwing in the towel’ situation, this will be the start of a big short squeeze.

As you can see in the chart below EBIX – Ebix.com offers excellent overall pattern pressure.

Click on EBIX – Ebix.com Inc. chart to enlarge:

EBIX Ebix.com Excellent Overall Pattern Pressure All Time High Stock Chart Pattern Pressure Insurance Software

Momentum traders and technical traders buying new all time highs are already adding fuel to the fire.

Update 04/19/16:

EBIX has started to run higher and is now most likely on its way toward a ‘Conservative technical price target of $60′. The chart below shows how I use technical analysis principles in order to calculate a purely technical price target. I compressed the chart, that way the formations and the dominant chart patterns are much easier to identify.

Click on EBIX – Ebix.com price target chart to enlarge:

EBIX Ebix.com Insurance Software Stock Technical Price Target Calculation Bullish Conservative Technical Analysis

In my method of trading I buy after a stock makes a new high. – Jesse Livermore
—>

Join the Tischendorf Letter Premium, learn ‘How to think as a Trader’ and get exposure to New Market Leaders!

{ Comments on this entry are closed }

The market has been relentlessly creeping higher since I was last interviewed. In this week’s interview with Mike Swanson from WallstreetWindow we take a closer look at the Sector Rotation going on right now. We simply try to find out what is propping up the markets.

Sector Rotation & How To Think as A trader


Tischendorf Letter Interview: Sector Rotation & How To Think As A Trader – mp3

The interview is also available on Mike Swanson’s website:
http://wallstreetwindow.com/node/12808

We discuss the following stocks and sectors:

  • OLED – Universal Display
  • TSLA – Tesla Motors
  • GDX – Gold Miners ETF
  • XLE – Energy ETF
  • IBB – Biotech ETF
  • SPY – S&P 500 ETF

Here’s the OLED- Universal Display chart I posted on Twitter before we did the interview:

The best traders are not afraid of holding on to strong stocks, they are afraid of holding on to losing stocks.

Click on OLED – Universal Display chart to enlarge:

OLED Universal Display Weekly Pattern Pressure Monsterstock Big Winner Stock Chart Price Target Analysis Organic Light Emitting Diodes

OLED – Universal Display is one stock I am very bullish because of its powerful weekly pattern pressure. But there is another important aspect that makes me bullish. Potential big winning stocks often display that often overlooked characteristic.

Listen to the interview and you will know exactly what I am looking for when searching for big winners!

Join the Tischendorf Letter Premium, learn how to think as a trader and get exposure to new market leaders!

{ Comments on this entry are closed }

A very powerful set-up is starting to shape up with FIVN – Five9 Inc. The chart is displaying a chart pattern with incredible Pattern Pressure, a concept I talk about in detail in Videos produced for Members.

FIVN – Five9 Inc. provides cloud software for contact centers in the United States and internationally. The stock is building huge pressure on both the weekly and the daily chart. The stock is trading very close to its all time high, a very bullish sign.

A very bullish sign indeed, as the ability to print a new all time high would put the stock on many traders’ radar. If the stock can bust out of its bullish ascending triangle it will qualify as a ‘New Leader’.

The added bonus is the simple fact the stock won’t have any overhead resistance. All the traders owning the stock will be in the green and show a profit. They won’t have any reason to sell, that is what typically provides the fuel for a sustained move to the upside.

Click on FIVN – Five9 Inc. Weekly chart to enlarge:

FIVN Five9 - Weekly Stock Chart Price Pattern Pressure Technical Analysis Cloud Software Contact Centers

Click on FIVN – Five9 Inc. Daily chart to enlarge:

FIVN Five9 Inc. Daily Chart Stock Price Pattern Pressure Technical Analysis Cloud Software Contact Center

The daily chart shows the chart of a typical future winner:

  • Bullish news event
  • Huge gap up
  • Big volume spike
  • Revaluation process starts
  • Bullish continuation pattern
  • Overall big pattern pressure set-up
  • Stock trades near its all time high

Conclusion: In addition to all the bullish factors providing an ideal setup for potentially much higher prices ahead, a classic TA concept is now developing in real time. We are witnessing ‘Pattern Morphing’. The stock has broken out of a bullish falling wedge pattern. Now the more bullish ascending triangle pattern is the dominant pattern. A break out to new all time highs implies much higher prices ahead. The overall pattern looks similar to a loaded spring that is waiting for pent-up pressure to be released. The purely technical price target is around $12.

Twitter: https://twitter.com/tischendorf
Stocktwits: http://stocktwits.com/Tischendorf
Youtube: https://www.youtube.com/user/TischendorfLetter

Investing in your education always pays. Learn how to read chart patterns like a pro!
Tischendorf Letter Premium: https://members.tischendorf.com

{ Comments on this entry are closed }

Tischendorf Letter Interview: Is The Bear Market Over? Forecasts vs. Managing Risk

March 12, 2016

Mike Swanson from WallStreetWindow was so kind as to interview me again. The market is approaching a critical juncture, so we discussed the current strength of the rally in the markets and what to expect next. Is the bear market over or is the worst yet to come? Tischendorf Letter Interview: Forecasts vs. Managing Risk – mp3 […]

Read the full article →

Tischendorf Letter Interview: Avoid Bear Markets + Profit From Bull Markets

February 26, 2016

Mike Swanson from WallStreetWindow invited me to do a follow-up interview. In our previous interviews from 2013 and 2014, I was bearish on gold. In our current audio interview I talk about how the technical situation for GDX – Gold Miners ETF has improved and what to expect next. I explain what new traders should pay attention to. How […]

Read the full article →

TSLA Tesla Motors Chart Update: Counter Trend Rally – Bearish Wedge Pattern

February 25, 2016

The current move to the upside in the market is tempting to buy. After all, there is never a shortage of bottom callers. From a purely technical perspective though, so far it is producing nothing more than counter trend rallies. This TSLA  – Tesla Motors chart update shows why longs should remain very cautious. So how do you know this […]

Read the full article →

AAPL Apple Chart Update: Downside Price Targets Remain – Bearish Technicals

February 24, 2016

The development with Apple is worrisome. Here’s an important technical update of the AAPL – Apple chart and my thoughts on APPL’s future price development. The massive bearish head and shoulders pattern outlined in my recent AAPL Apple Chart Analysis remains firmly in place. The distribution pattern hasn’t reached its technical target yet. Quite the […]

Read the full article →

AAPL Apple Stock Chart With Bearish Distribution Pattern – Technical Price Target

February 2, 2016

The topping formations with indices like the QQQ – Nasdaq 100 ETF and the SPY – S&P 500 ETF are still very much alive. There is tremendous distribution going on in the markets. There is no way to tell if this is going to end up only being an intermediate term top, something that in hindsight […]

Read the full article →