Live Video Update - 12/31/2014

Hope you had a great 2014. This is my last video for 2014. In this live video, I will review the recent swing long trade setups and a look at these MOMO stocks: AAPL, FB, NFLX, TSLA, AMZN & GOOL, along with TWTR, BABA, CYBR, NUGT, GDXJ, ABX, AU, AUY.

Happy New Year!

Gold Miners Trade Setup

Here are some potential swing long setups for some gold miners and a few of the miners' ETF. The red dash line is a reference level for establishing stop loss, the black dash line is the trigger level and the blue line is the initial potential target.

PCRX Trade Setup

Here is a potential swing long setup for PCRX. Red dash line represent reference level for establishing stop loss, black dash line represent trigger level, and the blue line represent possible target.

DIAmond Is Our Friend

After seven consecutive up days from the DJIA, it finally closed with a modest loss of -15.48 at 18,038.23. The tech heavy NASDAQ 100 also closed with a small loss of -1.45 at 4,312.64. The SP500 closed with a small gain of +1.80 and closed with another record high at 2,090.57. The Russell 2000 continues to make up for lost time and closed with another all time record closing high at 1,219.11, a gain of +3.90. The interesting thing that happened today is how the DJT closed with a new all time closing high after it was pulled back from a record close in the closing minutes on Friday. This move from the DJT suggest to the market watchers to look for another record high from the DJIA.

The weekly chart of the DJIA shows the index is still trending within the long term price channel with the near term upper channel boundary in the proximity of 18,350.

CYBR Trade Setup

Here is a potential swing long setup for CYBR. This is an inside candles coil breakout setup with the 43.30 (black dash line) as a potential swing long trigger and the low of the engulfing candle of 40.30 (red dash line) as a reference level for establishing stop loss level.

BABA Trade Setup

Here are couple possible swing long trigger levels for BABA (highlighted by the black dash lines). The first trigger level at 108.47 is an inside candles coil breakout, and the 110.65 is the trendline breakout. The low of the engulfing candle at 103.88 (red dash line) could be use as the reference for establishing stop loss level. If the price move below the stop loss reference level before moving above the trigger levels, then this potential swing long setup will be abandoned.

Another New All Time High

The market made another new all time high to end the holiday shorten week. The DJIA, SP500 and the Russell 2000 closed with a new all time closing high. The Nasdaq 100 and the Nasdaq Composite did not closed above their all time high that were made back in 2000, but the Nasdaq Composite did finished the week with a new 52 weeks closing high. As far as the DJT goes, for most of the last trading session it was in the all time record high territory. But it closed a few points below its all time closing high and again failed to confirm DJIA new high.

TWTR Trade Setup

The recent price actions from TWTR are showing some signs of a possible turn from down to up.

Market Sending Holiday Cheers

The holiday season is upon us and soon a new year will begin. The festive season started with a holiday blues when the market sent a message alerting us a turning point has been reached on December 2. Shortly thereafter, the DJIA dropped 889.92 points or nearly 5% from the December 5 all time recording closing high of 17,958.79. As soon as the bulls starting to doubt if Santa will show up with his holiday cheers, a sudden 709.28 points two day rally appeared, a gain of 4% from the December 16 closing low of 17,068.87. Is this the beginning of another upward move for the DJIA similar to the 11.4% gains it has attained from the October 16 closing low to the December 5 all time closing high?

Collateral Damage

Here is one of the collateral damage resulted from the current oil price drop, solar. The current price drop in oil makes solar or any form of alternative energy much less attractive. And the perception that the primary reason for the current price drop in oil is due to oversupply makes the renewable energy argument less compelling. Aside from this short term crude oil price drop, there is a longer term reason that could maintain a less favorable environment for solar. This long term cause is the changing of the guards in Washington. The changes in Washington could result in reduction or elimination of government subsidized alternative energy programs, and the possibility of further increase domestic oil supply in the long term by allowing more offshore drilling for oil.

Here are some of the solar stocks that are part of the collateral damage from the current oil price drop.

Market Update - 12/14/2014

Here is a video update on the market indices along with JNK & HYG. The market has once again entered into a corrective phase as it had alerted us in early December, and one should continue to be cautious.

AAPL, FB & TWTR Update - 12/14/2014

Here is a brief update on AAPL, FB & TWTR.

Holiday Cheers

The market continues to spread holiday cheers to the longs as the DJIA and the SPX closed with another record high. The market breadth is getting weaker, but it remains to be a stock picker's market. There are still many good long and short setups for the active traders. During the holiday season, trading activities will get lighter. Therefore, do not over extend yourself on either side, long or short. Money is shifting toward the big cap value stocks once again, continue to exercise caution and trade defensively.

Here We Are Once Again

The market has made its way back to a similar spot as it was on September 19 of this year. The Dow Jones Industrial Average (DJIA) made another new all time record closing high yesterday but with no other major market index made a new high along with it, just like it was on September 19. Although it is similar, but there are some differences as well. One thing that is different is on 9/19/2014 all the other major market indices closed with a loss while this time they all ended with a gain.

Happy Holidays

Happy holidays everyone! Here is a quick look at the futures for oil & gold, the equities market indices and the following momo stocks before the opening bell; AAPL, BABA, FB, TWTR, AMZN, NFLX, GOOGL, TSLA & GPRO.