MOMO Stock Update

Here is an updated review for the following MOMO stocks: AAPL, NFLX, GOOGL, AMZN, FB, TWTR, CELG & TSLA.

Changing Move

The market is making another surge to new high territory. While the SP500 and the Dow Jones Transportation made a new all time high last Friday, the Dow Jones Industrial is still some distance away from its previous all time high. Currently, the large cap market such as the SP500 is getting near the neutral area and the small cap still leaning on the bearish zone.

The State Of The Market(s)

After the SP500 made a new all time closing high at 1897.45 with a small shooting star candle and followed with the formation of an even star candle pattern, it finished the week nearly unchanged with an inside bar candle. The key support level for the SP500 to hold is 1848.38. If it continues its rebound that started in the last two hours of trading on Friday, then the resistance it needs to overcome is 1897.45.

Trade Preparation

In order to avoid reacting to price movement during the trading session and prevent us from making impulsive trade, we need to be prepared with various trading parameters and/or patterns to watch for initiating potential trade.

Another Trade Setup - 5/14/2014

Here is another day trade on NFLX using a slightly different candlestick pattern.

Trading Lesson - 5/13/2014

Here is a video describing one of the candle stick pattern I use for day trading. In this video, the trade on IWM and NFLX based on this setup are discussed.

Stock Watch - 5/11/2014

Monitoring for possible short term bounce off recent support from these stocks: AAPL, NFLX, GOOGL, AMZN, FB, TWTR & TSLA. These bounce might or might not lead to a sustainable trend. Until the respective pivot level is broken, one should remain cautious.

Stock Market Outlook - 5/11/2014

The market continues to send out mixed messages. The DJIA closed at a new all time high on Friday, while all the other major market indices failed to follow. Lot of debates around the divergence between the large cap/value stocks and the small cap/growth stocks. Until the market send us a clear signal on its direction, it would be prudent to keep our positions light and tight. Again, cash is a position and the sideline might not be a bad place to be while we wait for the message from the market.

MOMO Stocks & Index ETF Review - 5/7/2014

A brief look at the price actions for the SPY, IWM, QQQ, AAPL, NFLX, GOOGL, AMZN, FB, TWTR, TSLA & FEYE.

Thread Carefully

If you believe the large cap & value stocks lead the market because this time it is different, then the tech and small cap stocks in the Nasdaq and in the Russell 2000 look to be a bargin. Otherwise, thread carefully in the value space. Eventually, there is no place to hide. Take a look at the following weekly charts.

Three To Watch

Here are three stocks worth watching for possible swing long.

Multiple Time Frame TA Review On AAPL - 5/3/2014

In this video, a technical analysis review on AAPL will be presented. We will look at some possible price targets and near term setups for possible swing long entry.

Market Continues To Diverge

The market continues to split between the large cap/value stocks and the small cap/growth stocks. Although the Russell 2000 show a mimic of relative strength today, but don’t let this deceive you. Here is the chart of the NYSE advance/decline vs. the SP500.