Tuesday, July 31, 2012

Noteworthy EPS for August 1st, 2012


Notworty EPS for August 1st, 2012
DaVita
DVA
Ellie Mae
ELLI
Thoratec
THOR
Wright Express
WXS
Liveperson
LPSN
Comcast
CMCSA
MasterCard
MA
Stratasys
SSYS
Sturm Ruger
RGR
Time Warner
TWX
Burger King Worldwide
BKW
Allergan
AGN
Harley Davidson
HOG
Garmin
GRMN
Green Mtn Coffee Rstrs
GMCR
Weight Watchers
WTW
Yelp
YELP
Hyatt Hotels
H
Transocean
RIG

Monday, July 30, 2012

Noteworthy EPS July 31st, 2012

Noteworthy EPS for 10/31/2012

Cardtronics
CATM
Web.Com Group
WWWW
Sourcefire
FIRE
Acadia Healthcare
ACHC
Discovery Comm
DISCA
Liquidity Services
LQDT
Pfizer
PFE
Allstate
ALL
Coach
COH
Penske Automotive
PAG
Martin Marietta Materials
MLM
True Religion Apparel
TRLG
Electronic Arts
EA
Goodyear Tire & Rubber
GT
United States Steel X


3 Peaks & Domed House

I've been looking at a concatenated pattern called the "3 Peaks & Domed House" for the last year.  I call it a concatenated pattern because it can be viewed as a "Triple Top" pattern followed by a "Head & Shoulders" pattern.  The "Three Peaks & Domed House" was coined by George Lindsay, a trader who wrote several books on charting in the 1970's and passed away in 1987.  His market timing was said to be uncanny with the accuracy he developed.   Although the $SPX has sketched this pattern in the crudest of ways, the grand finale doesn't seem to be bearing out unless the last hump on the right was exaggerated.

The following is a very rough sample of the pattern:


The following is a view of the S&P500 index for the past two years:


(click2enlarge)

As of this writing on July 30, 2012, it does not look like that last hump is going to yield a move lower unless it varies quite a bit from the original model.  So only time will tell.  We will keep the following quote handy in case we see a drastic dip lower:

"History does not repeat itself, but it does rhyme."  - Mark Twain