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WOOF Consolidates

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Article by: www.wealthblueprintletter.com, 4/2/2015

VCA Inc. operates as an animal healthcare company in the United States and Canada. It operates through two segments, Animal Hospital and Laboratory. The Animal Hospital segment offers general medical and surgical services, as well as specialized treatments comprising advanced diagnostic services, internal medicine, oncology, neurology, endocrinology, ophthalmology, dermatology, and cardiology for companion animals; and sells related retail and pharmaceutical products. The Laboratory segment offers testing and consulting services in the areas of chemistry, pathology, endocrinology, serology, hematology, and microbiology, as well as conducts tests specific to particular diseases. As of December 31, 2014, it operated or managed 643 animal hospitals and 59 veterinary diagnostic laboratories. The company also provides communication and marketing solutions to veterinary practices, pharmaceutical manufacturers, and the pet owning community.

Take a look at the 1-year chart of VCA (Nasdaq: WOOF) below with added notations:

WBL WOOF

WOOF has been trading sideways for the last 2 months. Over that period of time the stock has formed a resistance area around $55 (red). In addition, the stock has also created an area of support at $52 (green). At some point the stock will have to break out of its current consolidation.

The Tale of the Tape: WOOF has levels of support at $52 and resistance at $55. The possible long positions on the stock would be either on a pullback to $52, or on a breakout above $55. The ideal short opportunity would be on a break below $52.

Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.

No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!

Good luck!
Christian Tharp, CMT
Follow me on Twitter: @cmtstockcoach

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Have Someone Else Do The Work For You…

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Net Income Real Estate | on April 14, 2015

In today’s Wealth Building “Shout-Outs! With Russ Whitney” video, Russ talks about using what he calls a “Scrap Realtor” to do all of the hard work for you of identifying the best investment properties in your local market.

But…where do you find a Scrap Realtor and how do you know if they’re right for the job?

In today’s video, Russ reveals 8 tips you should know before searching for your realtor, the right questions to ask once you pick up the phone, the ‘red flag’ you should keep an eye out for when speaking to potential realtors, and how to determine if they have credibility.

Watch the Shout-Out Video Now.

 

 

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TRGP Ascends Higher

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Article by: www.wealthblueprintletter.com, 4/9/2015

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; gathering, storing, and terminaling crude oil and refined petroleum products. The company also purchases and resells component NGL products; sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; and provides transportation services to refineries and petrochemical companies in the Gulf Coast area.

Take a look at the 1-year chart of Targa (NYSE: TRGP) below with my added notations:

WBL TRGP

TRGP has formed a clear resistance at $100 (blue). In addition, the stock is climbing a short-term, trend line support level (green) over the last several of months. These two levels combined have TRGP stuck within a common chart pattern known as an ascending triangle. Eventually, the stock will have to break one of those levels.

The Tale of the Tape: TRGP has an uptrending support and a $100 resistance level to watch. A long trade could be made on a breakout above $100 or on a pullback to the trendline. A break below the trendline support would be an opportunity to enter a short trade.

Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.

No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!

Good luck!
Christian Tharp, CMT
@cmtstockcoach

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Overcome Your Fear of “Making The Offer”…

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Net Income Real Estate | on April 7, 2015

In today’s Wealth Building “Shout-Outs! With Russ Whitney” video, Russ discusses some of the biggest fears that people have when they are getting started in real estate.

See how Russ takes amateurs by the hand and literally shows them his process of overcoming information overload, the fear of making an offer, and even the simple fear of calling a seller.

These are some of the most common obstacles when getting started and once you see Russ’ strategy, you too can overcome these common fears.

Watch the Shout-Out Video Now.

 

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