Consolidating Today's Charts - 7/31/2014

Here are the charts I have posted on Twitter today during trading hours. Please refer to this post for suggestions on how to view my charts & tweets on Twitter.

Consolidating Today's Charts - 7/30/2014

Here are the charts I have posted during the trading hours today on Twitter.

Sympathy Play

There are a few times when one stock from the same sector can be played off another stock. One of those times is earnings reporting period, and another is consolidation buyout (merger).

Once Again

The market stalled as the end of the trading week was near. As in recent past, any minor dip the market experiencing bring out those anxious top callers and those sidelined dip buyers predicting a market top and a 10%-20% correction respectively. I’m sure one day, these predictors will be correct. But since I am a market watcher rather than a market timer, I will simply continue to watch what the market is doing and what message it is sending, and continue to move along with the market instead of trying to anticipate its move. As I have said many times, if in doubt, move to the sideline, cash is a position. The worse thing to do is to anticipate the market downward move and short the market at this juncture. Surely if one guesses correctly, one will be a hero, but if one is incorrect and the market snapped back viciously, then surely great damage could result in one’s trading account and/or psyche.

Let’s take a look at the market indices and see what we should be watching for the coming week.

More MOMO Earnings To Come

Next week we will see more momo stocks report their earnings. In this video, we will look at the following stocks that are scheduled for ER: PCYC, TWTR, YELP, LNKD & TSLA.

Take Your Pick

Here are three simple technical analysis perspectives on projecting AAPL stock price to possibly surpass the 100 level.

Stock Watch (Something For Everyone) - 7/20/2014

Here are some stocks & ETF that might be of some interest to keep an eye on for the coming week:
DIS, KO, MMM, TRV, XOM, XLB, XLP, XLY, XME, LOW PCYC, TXN, JDSU, NTAP and HOT.

MOMO Earnings Parade

Next week some big cap MOMO stocks are scheduled to report their quarterly earnings. In this video, we will look at the projected price levels on earnings for NFLX, AAPL, FB & AMZN.

Continue To Punish

The longer the market hangs around the new high territory, the more frustration it creates to those anxious traders standing near the exit. As soon as a minor pull back come along, these anxieties turned into fears. After these fears are spilled over, the market resumes its upward trend and punishes those that have tried to gain an upper hand thinking they can outwit the market. It is no surprise that the market is overdue for any type of correction. But as long as most of the market participants expect a correction, the market will not abide by doing what the majority is expecting. As experience has taught us, the market will never do the expected and will not play off the obvious.

Expected & The Unexpected

Today the market was put into a frenzy once the news of a Malaysia Passenger Airliner was shot down over the Ukraine border. Although many traders were expecting a pullback of some sort, but most if not all of the traders did not expect the unexpected event occurred in Ukraine to drive this pullback into a sell off. Here is a look at today's price action and a look at some possible inflection point. In addition, we will look at potential long opportunities from these energy stocks: APA, CVX, EOG & WFT, and a brief look at AAPL, GOOGL and IBM.

Market Mover Earnings Watch

GOOGL & IBM are scheduled to report their earnings after the market close today. Their earnings report could move the market to newer high if the market react positively to their earnings result and their business outlook.

Shhhh...Listen

The DJIA continues to flirt with new all time high during the last trading session. The DJT did close with another new all time high and the Nasdaq 100 made another new multi-year high. While the SP500 trying to get back to new high territory, the Russell 2000 is making an effort to catch up. As this mixed performance from the market persist near new high territory, jitter and paranoia elevate amongst the traders. But for the market watchers, the message emanate from the market is newer closing high is forth coming for the DJIA. As always, the market only send message to inform us its intention, but never send out message to inform us when and how it will achieve what it intended to do.

As the DJIA work its way into another new closing all time high, here are some stocks in the DJIA index that might help propel the index into a new closing all time high.

Tech Earnings & MOMO Stocks Watch

Here is a look at some of the tech stocks scheduled to report earnings next week along with a look at some of the MOMO stocks.

Earnings Watch For The Financial

Some notable financial stocks are schedule to report their quarterly earnings next week. Here is a look at where the market is pricing these stocks to move based on their earnings report.

Another Shakeout

After the post 4th of July consecutive all time high performance, we were alerted to the possibility that the market was ready for a pullback. Furthermore, based on the market breadth we were also made aware this pullback will not be the 10% type of correction many talking heads have been waiting for.

Stay With Your Plan

Last week, the market has been making consecutive new high and one should not be surprise to see a pullback after last week’s performance. Although the market is long overdue for a typical correction in the range of 8-10%, but it doesn't seem likely to happen soon. When a pullback does appear, expect it to be shallow(shadow) and brief. Furthermore, expect to hear those market top callers telling us the market has topped. But as any experienced market watcher would tell you, the recent market behavior is nothing near a market top. This does not mean a top might not be near, but the recent market high is not a top.

MOMO Stocks & More

In this video we will take a look at these MOMO stocks: AAPL, NFLX, FB, AMZN, TWTR, TSLA, GOOGL & LNKD. In addition, a follow up on some recently mentioned stocks and a look at some stocks that could be setting up to make a move up in the coming week: CREE, WLT, ANR, JPM, GS, BAC, EBAY & TGT.

Market And The Casino

The market continues to make new high and different sectors are being awaken. In this video, we will take a look at the market along with these casino stocks: MGM, LVS, WYNN, BYI & IGT.

Market Could Be High On Drug

The market continues to rotate as it grinds higher, and it appears to be rotating back to some of the recent battered biotech and big pharma stocks. Here are some of these stocks that are showing sign they are setting up to move higher.

Consolidating Today's Charts - 7/2/2014

Here are the charts I have posted during today's trading session.