Consolidating Today's Charts - 8/15/2014

Here are the charts & tweets that were posted during today's trading session:

Stock Watch - 6/29/2014

Here are some stocks to watch for possible swing long in the coming week: HIMX, ONNN, AZO, ORLY, GES, TIF, JCP, MCD, GTAT, CREE, GRPN, ZNGA & ANGI.

MOMO Stocks Update - 6/8/2014

A brief update on AAPL, NFLX, AMZN, FB, GOOGL, TSLA, TWTR along with BBRY and JCP.

Taking Advantage

As the market continues to pull back, wait for the market to tell you it is safe to re-enter longs. Do not try to take advantage of this pull back by being a hero and go bargain hunting. The bargains you find could turn out to be a much better bargain if the pull back turns into a major correction.

Stocks Pulled Back

Last Thursday, many stocks that have run up show some sign of upside exhaustion. Therefore, today's pull back/consolidation on many of those stocks should not be unexpected or surprising. The market ended down modestly. Although there are stocks making extraordinary gains such as those in the fuel cell sector and the biotech sector, one should not get into an emotional chase mode after these price move. More importantly, don't be greedy if you caught one of those trades.

Setting Up

After a huge run up since last Monday sell off, the market appears to be setting up for another pull back to digest the recent gains. Lot of stocks were showing short term upside exhaustion on Thursday. The prudent thing to do is to set the stops to protect the profits and prevent turning a winning trade into a losing trade. The market has not indicated it has made a top yet. Therefore, one should not be tempted to short this market when the pull back materializes.

Too Much Too Fast

Today the market opened with some strength but unable to really build on that opening strength. Similarly with many stocks, lot of them pulled back from their high of the day (HOD) and many of them even went below their opening price. It appears the recent run up is too much and too fast, and that made it very tempting for those that bought it at lower prices to take profits.

Stock Watch - 3/5/2014

Here is a brief update of the price actions for MS, GS, BAC, GM, F, MU, HIMX, BBRY, JCP, AMD, YHOO, HPQ, AAPL, AMZN, FB, TWTR.

Expect The Unexpected

Once again, the market reminded us to expect the unexpected. When the Russia and Ukraine conflict flared up last Friday, everyone was expecting the market to sell off big time when trading resume this week.

Murky Picture

The market continues to rally into higher level. The Nasdaq that was lagging in most part of 2012 finally exerted itself and moved into multi-year high territory. Although the tech sector has been strong recently to help push the Nasdaq indices into new high, but the breadth is giving out warning signs to alert market participants to be cautious. Here are the charts of the Nasdaq market breadth showing its divergence.

JCP On The Bounce

Ever since Bill Ackman, the hedge fund manager sold his JCP holdings, JCP stock price has been bouncing up off its recent low. Base on the recent price action, JCP could possibly move higher in the near term.