Thursday, July 15, 2010

TJX Watch

TJX Companies Inc. (TJX), the clothing retails whose best-known stores are T.J. Maxx and Marshalls, has moved to bull phase on three key signals after bouncing off of the 12-month moving average in a long-running uptrend.

TJX $43.73

The macd and Person's Proprietary Signal moved into bull phase today, joining the parabolic sar, which is in its third day of a bull run.

The price remains below the 20-day simple moving average, and a push above that level ($43.25) would be strong confirmation that rise had legs.

On the three-month chart, TSX hit a swing high of $48.50 in April and has since traced a gentle decline, hitting the chart low of $40.93 on July 8.

The stock has been trading flat for three days running, and I would like to see some higher highs day by day before opening a position in my accounts.

Reversal Levels
  • $46.74, +9.4%
  • $44.53, +4.2%
  • $43.25, +1.2% (20-day ma)
  • $42.93, +0.5%
  • $42.73 <== You are here.
  • $40.93, -4.2%

The Great Reflation: How Investors Can Profit From the New World of Money
OK. The credit bubble burst. Housing, burst. Shockwaves reverberated. Markets collapsed. What lies ahead as we reemerge from the wreckage.

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
  • psar - Parabolic Stop and Reverse
  • adx - Average Directional Index
  • pps - Person's Proprietary Signal
  • ma20 - 20-day moving average
  • macd - Moving Average Convergence-Divergence
  • sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
  • trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
  • adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
  • psar, pps, macd: green for bull mode, red for bear
  • sto: green for overbought, red for oversold, yellow for the neutral zone.

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