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This Market Vet Said Owning Shares Of Twitter 'Isn't Necessarily A Terrible Trade'
Thursday, June 4, 2015 - 1:15pm | 393JC Parets is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. J.C. Parets is the founder of Eagle Bay Capital. He is a 10-year market veteran and Market Technician who manages money incorporating Technical Analysis and Behavioral Finance...
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J.C. Parets: It's Hard To Find Something Not To Like In Facebook
Thursday, June 4, 2015 - 12:45pm | 332JC Parets is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Eagle Bay Capital Founder JC Parets forecasted that Facebook Inc (NASDAQ: FB) would test resistance at $86 and ultimately break through on a run to $100 per share. Of recent...
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Two Charts Explain Why Travelers Companies Is A 'Great Trade'
Wednesday, May 27, 2015 - 2:54pm | 500Market technician and founder of Eagle Bay Capital, JC Parets, tracks the movement and performance of the stocks in the Dow 30, looking into the companies every week. Recently, Parets commented on Travelers Companies Inc (NYSE: TRV), a stock that his firm has liked "for a long, long time...
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Why To Stay Away From Boeing, In 2 Charts
Tuesday, May 12, 2015 - 1:44pm | 339In Eagle Bay’s most recent Dow 30 report, Founder and Market Technician JC Parets looked into the movement of Boeing Co (NYSE: BA). Weekly Chart After holding on to the main support level near $118, Boeing “broke out beautifully above this downtrend line from the highs last...
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2 Charts To Make Sense Of Apple's Strong Uptrend
Tuesday, May 12, 2015 - 1:31pm | 309Eagle Bay Capital founder and Market Technician JC Parets tracks the performance of the Dow 30, and recently analyzed Apple Inc. (NASDAQ: AAPL). Weekly Chart Structurally, the shares are in a sturdy uptrend. In February the stock hit Eagle Bay’s upside target close to $129,...
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Why This Hedge Fund Manager Is Short Walt Disney
Friday, May 8, 2015 - 7:09am | 220JC Parets is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Eagle Bay Capital Founder JC Parets talked about shorting Walt Disney Co (NYSE: DIS) on the show. $111.70 was a critical level for the stock in Parets’ view based on...
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Why The Eagle Bay Capital Founder Likes Wheat Futures Right Now
Thursday, May 7, 2015 - 2:17pm | 252JC Parets is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Eagle Bay Capital Founder JC Parets said he liked wheat futures at the current levels. Parets suggested the Teucrium Wheat Fund (NYSE: WEAT) as a way to gain exposure to the...
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Why JC Parets Calls Twitter 'Dead Money'
Thursday, April 30, 2015 - 2:44pm | 319JC Parets is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Parets, founder and president of Eagle Bay Capital discussed how to trade Twitter Inc (NYSE: TWTR) following its quarterly earnings report. "I think it's dead money here," Parets...
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Technician Breaks Down Johnson & Johnson
Thursday, April 23, 2015 - 12:22pm | 340In last week’s Dow Thirty report, JC Parets and his team at Eagle Bay Capital analyzed Johnson & Johnson (NYSE: JNJ) from a technical standpoint. From examining the above chart, Parets says that Johnson & Johnson, structurally, has experienced one of the greatest uptrends in...
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2 American Express Charts Worth Watching
Thursday, April 23, 2015 - 12:14pm | 391Eagle Bay Capital founder and Market Technician JC Parets tracks the performance of the Dow Thirty, and recently analyzed American Express Company (NYSE: AXP). The chart shows a failed breakout in June 2014, which Parets believes has caused some troubles in the underlying trend. On top...
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2 Cisco Charts To Keep An Eye On
Wednesday, April 22, 2015 - 4:05pm | 439In last week’s Dow Thirty report, JC Parets’ Eagle Bay Solutions looked into two charts for Cisco Systems, Inc. (NASDAQ: CSCO). According to the research note, structurally, Cisco broke out comfortably above the key resistance the firm has been pointing to over the past few...
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Coca-Cola Investors: Watch These Charts
Wednesday, April 22, 2015 - 3:52pm | 321In Eagle Bay’s most recent Dow Thirty report, founder and Market Technician JC Parets looked into the movement of The Coca-Cola Co (NYSE: KO) shares. Structurally, the company continues to struggle after not being able to hold above the highs from 2013 over the fourth quarter of 2014....
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DuPont Investors: Take A Look At These 2 Charts
Tuesday, April 21, 2015 - 11:40am | 328E I Du Pont De Nemours And Co (NYSE: DD) has been delivering strong performance over the past few years. However, “this type of volatility and indecision is typical behavior for turning points and not trending markets,” a new Eagle Bay Capital report explains. JC Parets,...
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2 Verizon Charts Worth Tracking
Tuesday, April 21, 2015 - 11:16am | 299Structurally, Verizon Communications Inc. (NYSE: VZ) is still consolidating above its 2007 highs. The chart below, taken from Eagle Bay Capital's latest Dow Thirty report, illustrates this. JC Parets, founder of Eagle Bay and Market Technician, thinks that “with an upward sloping...
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2 Caterpillar Charts This Pro Is Watching
Tuesday, April 21, 2015 - 10:37am | 417JC Parets’ Eagle Bay Capital delves into the technicals for all 30 Dow companies. Looking at Caterpillar Inc. (NYSE: CAT), specifically, the firm noted a few key points. Structurally, Eagle Bay wanted to avoid Caterpillar since it broke the uptrend line from late 2013 (dashed line...