Market Recap For 9/3/2015

Today, the market continued from where it left off yesterday. The SP500 opened up and rallied for the first 90 minutes of trading. Soon after it has reached the resistance level posed by the December 16, 2014 close, the pullback begins. The SP500 spent most of today’s session retracing from this resistance level back to support level at 1948.04, which is last Thursday intraday low. At today's high, the SP500 was up 26.37 points and for a short time, the SP500 gave up all its morning’s gains and went negative. While the market was pulling back, the up volume continues to lead the down volume. At the close, the NYSE U/DVOL ratio was 2.44 to 1, and advancing issues outnumbered the declining issues by 902.

Market Recap For 9/2/2015

Today the market behaved more calmly than in previous session. The trading volume was slightly less than yesterday’s trading volume, and the U/DVOL ratio was significantly smaller in favor of the up volume. The U/DVOL ratio was 4.4 to 1 for the NYSE and the Nasdaq. There were more advancing issues than declining issues in today’s session. In the NYSE, 1489 more advancing issues than declining issues, and in the Nasdaq there were 998 more advancing issues than declining issues.

Market Recap For 9/1/2015

The market greeted the month of September with a big selloff. Today’s selloff was accompanied with huge downside volume. In the NYSE, the U/DVOL ratio was 23 to 1, and in the Nasdaq, the ratio was 8.4 to 1. The declining issues dominated the advancing issues throughout today’s session. There were 2743 decliners and 448 advancers in the NYSE. In the Nasdaq, 2306 issues have declined and 575 issues have advanced. Although majority of the stocks were down today, but most of them held above their 52 week low. There were 102 stocks made new 52 week low today in the NYSE vs 1336 stocks made new 52 week low on August 24, 2015. In the coming days, the market could go down to test the recent low or it could just chop around to form a consolidation base before it decides which direction to move.

Market Recap For 8/31/2015

The market started the week with another down day. The Dow Jones Industrial lost more than 100 points today, but the breadth showed improvement. Today in the NYSE, there were only 376 more declining issues than advancing issues, and the up/down volume ratio was 1.2 to 1 favored the down volume. In the Nasdaq, the U/DVOL ratio was 1.8 to 1 favored the down volume and 22 more declining issues than advancing issues. The number of new low has contracted to 42 new low in the NYSE and 27 new low in the Nasdaq.

Weekly Market Recap For 8/30/2015

Last week, the market started with a free fall on Monday when the SP500 went down by more than 5.3% and the Nasdaq 100 lost more than 9.7% within the first 5 minutes of trading. These drops are historic, but mild in comparison to previous market crashes on a percentage basis. Just as the market had dropped swiftly, it bounced back with similar speed. The SP500 launched a rally on Tuesday and gained more than 80 points before it sold off in the last hour of trading, and ended the session with a loss. On Wednesday, the SP500 made another attempt to recover some of its recent losses. This time the market was able to hold on to its gains. The SP500 closed on Wednesday with a 3.9% gain. On Thursday, a follow through rally ensued. The SP500 ended the session with another 47 points gain. By the close on Thursday, the SP500 not only regained the losses from Monday, it was positive for the week. Then on Friday, typical for weekly options expiration, the market just meandered and the SP500 closed with a small gain of 1.21 or 0.06%.

Market Recap For 8/27/2015

Today, the market continued with the rally that started yesterday. The breadth also continues to improve. There were only 27 new 52 week low versus 1335 new low on Monday. The up/down volume continues to be leaning on the buy side with the ratio greater than 20 to 1. In the NYSE today, the up volume was 4.77 billion shares and the down volume was 230 million shares. Yesterday, the up volume was 4.676 billion versus 593 million down volume. The magnitude of the up volume is a clear indication this rally is more than a short covering rally. Once again, the advancing issues was leading the declining issues by a wide margin, 2869 vs 357 in the NYSE and 2220 vs 655 in the Nasdaq.

Market Recap For 8/26/2015

The market finally closed with a green day after six consecutive down days. Once again, the index futures were positive coming into the opening bell this morning. Similar to yesterday, the market started to fade soon after the open. In the noon hour, it was like deja-vu when most of the earlier gains evaporated. The A/D also faded from the open at a level above 1800 to near the zero line for the NYSE, and the A/D line for the Nasdaq went below zero (declining issues outnumbered advancing issues) for a brief period before it reverted to positive. Unlike yesterday, when the market was fading today, the U/DVOL was expanding upward. This was a sign that the selling has reached exhaustion, at least for today. The only time the U/DVOL looked as it was going into the negative territory was when the market printed the LOD (low of the day). After the LOD was made, the U/DVOL expanded upward and the A/D rotated up, and the market rallied into close.

Market Recap For 8/25/2015

In yesterday’s market recap, it presented us with two possible near term scenarios on what the market might do. The scenarios are 1) the market will capitulate with the break of the October closing low or 2) a dead cat bounce rally.

Market Recap For 8/24/2015

Everyone was bracing for the worse today when the SP500 index futures was down more than 4% in the overnight market. Within five minutes after the US market opened for trading, the indexes hit their low of the day with the DJI being down -1,089 or -6.6%, the SPX down -104 or -5.3%, the NDX down a whopping -410 or -9.7%, and the RUT down -50.86 or 4.4%. Shortly after the opening rout, the market started to bounce and recovered most of the opening losses by early afternoon. Then after 1:00 PM ET, the rally fizzled and the market started to selloff again. The afternoon selloff didn’t stop until 30 minutes before the close.

Weekly Market Recap For 8/23/2015

Last week, the market made a decisive move to the downside. The SP500 ended the week with a weekly loss of 120.65 or 5.8%. The last time SP500 dropped more than 100 points in a week was in October 2008. For the week of October 6, 2008, the SP500 closed with a loss of 200.01 or 18.2%. On a percentage basis, the last time SP500 closed with a weekly loss of more than 6% was on the week of August 1, 2011 when it dropped 92.9 points or 7.19%.

Market Recap For 8/20/2015

From yesterday’s market action, we have noticed the breadth indicators were sending mixed messages and that have alerted us to be defensive. Today, the market continued its decline with vengeance. Yesterday, the U/DVOL ratio for the NYSE reached a high of 10:1 favoring the down volume. Today, the U/DVOL was 11:1 favoring the DVOL in the NASDAQ with the NYSE running at 7:1 to the downside. The advance-decline was a carbon copy of yesterday. There were more than 2600 declining issues vs. 508 advancing issues in the NYSE, and similar number of advance vs. decline in the NASDAQ. Today, the market did not pause for anything. Yesterday there was a pause for the FOMC minutes.

Market Recap For 8/19/2015

With the continuation of the currency war, a clear sign the global economy is under some stress. The CPI report did not show much inflation in the US, and the FOMC minutes did not reveal any certainties from the committee on the timing of a rate hike. They appeared to be just as confused as all the talking heads in the media. One wonders what did that 4 trillion dollars the FED spent on will end up giving us. Another global financial crisis? It certainly looks that way at the present with economic slowdown and currency devaluation taking place in the Far East.

Market Recap For 8/18/2015

The market spent most of the trading session on the down side. The breadth chart shows the DVOL and the declining issues lead their counterpart during the entire trading session. The TICK also spent most of the session on the negative side.

Market Recap For 8/17/2015

The market might have snookered the shorts today. Shortly after the market had opened, the decliners lead the advancers by 1476 in the NYSE and in the NASDAQ, the decliners lead by 1075. In addition, the DVOL was leading the UVOL. The SP500 went down 12.07 points in the first 5 minutes of trading. It then traded within a 2-3 points range for the next twenty minutes. After the first 30 minutes of trading, the market breadth started to rotate back up, and the indexes followed. Within 30 minutes before the European market close, the U/DVOL and the A/D turned positive, and the market rallied into the Euro close.

The shorts might have been looking for the market to retest last Wednesday low. When the market broke above the short term declining trend line, the shorts appeared to have decided to cover their positions and pushed the indexes to their high of the day near the close.

Weekly Market Recap For 8/16/2015

Last Wednesday, August 12, 2015, the market had a dramatic reversal day. After the first hour of trading, the SP500 was down as much as -31.98 (-1.5%) and the DJ Industrial was down -277.03 (-1.6%) points. The Nasdaq 100 and the Russell 2000 were down by -77.45 (-1.7%) and -21.72 (-1.8%) points respectively within the first 90 minutes of trading. At the close, the SP500 ended up 1.98, the DJI closed with a small loss of -0.33, the Nasdaq 100 gained 14.20 and the Russell 2000 ended with a loss of -2.16. To many market participants, this looked like a typical oversold rally. However, for the market watchers, it is more than an oversold bounce.

Market Recap For 8/13/2015

It's beginning to sound like a broken record. Eventually, this market will break to the upside or to the downside.

Market Recap For 8/12/2015

After yesterday selloff, the SP500 crashed through the 2063.52 support level at today’s open. It was down as much as 31.98 points when it’d reached the low of the day at 2052.09 during the first hour of trading. After the first hour, the market started to firm up and attempted to reverse direction. The market breadth chart highlighted how the U/DVOL and the A/D started to reverse direction around 12:00 pm EST, and how strongly these breadth indicators were at the end of the session. At the close, the UVOL moved ahead of the DVOL, and the A/D in the NYSE went from 1700+ more decliners than advancer to only 42 more decliners than advancers. In the Nasdaq, the number of decliners over the advancers went from more than 1600 to less than 400. In addition, the TICK at both exchanges was mostly positive throughout the session and with multiple instances where it was above 1000 in the NYSE, showing strong buy program activities.

Market Recap For 8/11/2015

The currency devaluation from China surprised the market today. The market essentially gave back all its gains from yesterday with the SP500 closed at 2084.07, down -20.11 or 0.96%.

Market Recap For 8/10/2015

Last Friday’s price action had indicated a possibility of an oversold rally could appear this week. The market did not disappoint, it opened up today and rallied nearly all the way to the close. Very little profit taking took place during the session to allow the latecomers to get in. This rally did not look like a typical short squeeze rally since the hammer like candle that formed on Friday had squeezed the shorts.

MOMO Stocks Update - 8/9/2015

These momentum stocks are review in this video: FB, AAPL, GOOGL, AMZN, NFLX, TSLA & TWTR.

Weekly Market Recap – 8/9/2015

Last week, the market had one up day and that was on Wednesday. This up day came after it had logged a three consecutive down days. The price action from this up day highlighted a lack of buyers as it'd printed a shooting star candle.

Market Recap For 8/6/2015

The market was weak throughout today’s session. There was more down volume than up volume, and the decliners were leading the advancers. New 52 week low also expanded.

Market Recap For 8/5/2015

After yesterday close, the market logged in a three consecutive down days and alerted us to watch for possible dead cat bounce. To no surprise, the market opened up today. But the rally was short lived. The market reached its high of the day after the first hour of trading, and then it started to fade. By early afternoon, the market gave back most of the day’s gains. Two hours before the market close, it mounted a feeble rally but the sellers took control and closed the market on a down note.

Market Recap For 8/4/2015

The market continues with its pullback and the SPX recorded three consecutive down days. It also printed an inside day candle holding in between the Fibonacci 61.8% and the 50% retracement zone. The SPX needs to hold the support level 2079.11.

Market Recap For 8/3/2015

The market started the week on a down note. The SPX closed at 2098.04, a loss of -5.80 or -0.28%. It dipped below the 50% retracement level before rebounding into the close. It printed a hammer like red candle and closed right beneath the Fibonacci 61.8% level near 2100. The potential resistance remains to be 2108.86 with possible support near 2079.

Weekly Market Recap – 8/2/2015

The market had a nice bounce last week. After a five consecutive down days, the SPX rallied and ended the week almost 2% above Monday’s low. The SPX tried and failed to get above the resistance level of 2108.86. It might need to retest the 2100 level before it can launch another attempt to get above the 2108 level. If it can reclaim the 2108 level, then the resistance level near 2124.20 could be in play. If it fails to hold the 2100 level and moves below the 50% retracement level near 2090, then look for the possibility for SPX to retest the 2079 support level.

Market Recap For 7/30/2015

Today, the market continued its recovery from the recent pullback. The market opened down, shook some of the weak longs then bounced and put in an intraday shooting star type of candle to get the shorts to come in. Once the shorts were in, it snapped and moved toward yesterday's high.

Market Recap For 7/29/2015

The market continued with its oversold rally. It paused for approximately two hours before the FOMC announcement. As usual, the market fluctuated wildly in the initial minutes after the release of the FOMC announcement. After the market had digested what those statements are saying, the market made its move. Today, the market continued to move upward and the SP500 closed near the high of the day.

FB Pre-Earnings & Market Recap For 7/28/2015

The market finally closed up after five consecutive down days. Today’s market breadth was much improved. The U/DVOL ratio for the NYSE was 6:1 and 3:1 for the NASDAQ. The number of new 52 week low was also much less than the previous session.

TWTR Pre-Earnings & Market Recap For 7/27/2015

Today the market continued its pullback, and finished with five consecutive down days. The SPX opened lower and closed with a loss of -12.01 or -0.58% for the day. It has broken through the 2079.11 support level, the next potential level of support could be either 2056.15 or 2039.69. Once again, the number of new low has expanded and there were 489 new lows and 19 new highs in the NYSE, and the U/DVOL ratio favored the down volume with a ratio of 3.5:1.

Weekly Market & Stocks Update - 7/26/15

This week, the market pulled back from its recent high and tested some of the support levels we have been watching. It has been down for four consecutive days and the market could get a dead cat bounce within the next couple trading session.

TWTR and FB are scheduled to report earnings next week on Tuesday and Wednesday respectively, and they might provide the catalyst for a dead cat bounce.

Market Recap - 7/23/2015

Today the market went up at the open with some follow through from AAPL. The SPX started to reverse after AAPL made its push to HOD. Then an hour before noon, the market started to accelerate downward. The low it put in repeatedly did not attract buyers, and the feeble bounce generated more declines. Finally, in the last hour of trading, the market bounced and closed off the day’s low. However, the low that was made does not appear to have attracted renew buying, therefore the market could move lower to search for buyers.

Market Recap - 7/22/2015

Once again, the market was under pressure today due to disappointed earnings from some of the big names such as AAPL & MSFT. But the astonishing thing was the market held the opening range and the breadth was slightly negative to neutral. The decliners did lead the advancers, but with a slim margin and was fairly even throughout most of the session. In the NYSE, the A/D was -526 and the NASDAQ was -80 while the U/DVOL ratio favored the DVOL, in the NYSE it was 1.33:1 and 2:1 in the NASDAQ. One of the most troublesome breadth indicators continues to be the new high-new low. The new 52 week low continues to expand while the new high is contracting. This is a clear sign the internal is getting weaker as more stocks have retraced to their 52 week low.

Market Recap - 7/21/2015

Today, the market pulled back and it should not be a surprise to anyone as it has been rising on negative breadth for some time. With the poor earnings results from IBM and UTX, the DJI ended the session with a loss of 1% or 181.10 points. The other market indexes also were down for the day, the SPX closed down -9.07 or -0.43%, the RUT loss -5.65 or -0.45% and the NDX loss -5.27 or -0.11%.

Market Recap - 7/20/2015

Today, the market continues its quest to enter the record book. The SPX came within 2 points to its all time high of 2134.72 made on 5/20/15, and 2 points above its all time closing high of 2130.82 made on 5/21/15. The NASDAQ 100, NDX stayed above the new multi-year high throughout most of the session. It came within 10.60 points from the tech bubble all time closing high of 4704.73 made on 3/27/2000. While these two market indexes are at new high territory, the market breadth continues to behave negatively with decliners outnumbered the advancers by a margin of 2 to 1 and the DVOL ahead of the UVOL.

Market & Earnings - 7/19/2015

The market continues to push higher. The tech oriented Nasdaq 100 is getting a bit euphoric and parabolic. Earnings from AAPL and AMZN are scheduled for this week with FB on tap to report next week. In this video, we will look at the market and these stocks: AAPL, GPRO, AMZN. In addition, I have also included the chart on DIS, FB, NFLX and GOOGL that I have posted earlier on my twitter stream in this blog posting.

An Analysis Of BABA - 7/18/2015

Ever since BABA reached a post IPO high of 120, it has been on a decline. It fell to a new low on 3/3/15 when the price reached 80.03. It made another new low on 5/5/15 at 77.98 after spending two months in a trading range between 80 and 87. On 7/7/15 another new low was made when it dropped to 76.21 (see weekly chart).

Market Recap - 7/17/2015

The market was mixed today. The Dow Jones Industrial (DJI) closed -33.80 or -0.19%, and the Russell 2000 (RUT) closed -5.74 or -0.45%. In contrast, the SP500 (SPX) closed +2.35 or +0.11%, and the Nasdaq 100 (NDX) closed with a gain of 66.70 or 1.45%. Although the NDX put in an impressive performance today, but the breadth was negative throughout the session. In both exchanges, the NYSE and the NASDAQ, the DVOL lead the UVOL (the charts on the left) and the decliners outnumbered the advancers (the charts in the middle).

Market Recap - 7/16/2015

After pausing for one day, the market resumes its upward move. The NASDAQ 100 (NDX) closed at another new multi-year high. It is only approximately 110 points from the tech bubble closing high made on 3/27/2000. The upcoming earnings report from AAPL, FB and other large cap tech stocks could provide the fuel to push the NDX back to this historical high. GOOGL reported this afternoon after the market has closed and it is up over 11% in after hours. FB is also up in after hours at all time high. If these gains hold into tomorrow’s open, the NDX will be pushed closer to the tech bubble high.

Market Recap – 7/15/2015

After the market has been up for four consecutive days, a modest down day to consolidate the recent gains should not be surprising. The price chart below shows the SP500 (SPX), Dow Jones Industrials (DJI), and the Nasdaq 100 (NDX) closed near where they closed yesterday. The Russell 2000 (RUT) was the worst performer and it closed near the low of the day. The RUT also dipped back into the Fibonacci retracement zone. The SPX & DJI are out of the retracement zone and could encounter resistance at the Fib 78.6% level. As the big cap tech stocks continue to outperform, they have pushed the NDX closer to its multi-year high.

Market Recap – 7/14/2015

The market finished up today, making it four consecutive up days. The DJIA closed above the 50 SMA and passed the Fib retracement zone. It could be encountering resistance from the near term declining trendline. If it breaks above this trendline, then the next probable resistance is the 6/23/15 close at 18.144.07. The SP500 also closed with four consecutive up days and it is above the 50 SMA. The next level of potential resistance could be the 3/2/15 close at 2117.39. The NASDAQ 100, NDX is getting near its multi-year closing high made on 5/27/15 at 4546.06. As the recent large cap tech stocks showing signs of strength, it will not be surprising to see the NDX makes another multi-year high. The Russell 2000 also recovered from the recent pullback low and getting near the 4/15/15 close of 1275.35. Since all the indexes have been up for the last four days, the probability for a down day will increase as the market continues to move up toward its recent high. Although any new high from the market is a good thing, but if the breadth still showing weakness, then it can only set up the market for a more violent and deeper pullback. But for now, continue to monitor the market breadth for increasing strength and focus on the stocks that are showing good setup.

Stocks & Market Review - 7/13/2015

A review of the market and the price action of the pharma stocks from previous video along with some Dow stocks.

Pharma Stocks & More - 7/12/2015

In this video, we will look at some of the pharma stocks that are showing some potential near term upside. In addition, we will also look at FB, EBAY, and a few cyber security stocks.

Here are the tickers for the stocks covered in this video: ALKS, REGN, HZNP AGRX, VRX ABBV, LCI, SCMP EBAY, FB, HD, FEYE, PANW, and LOCK.

Not Much Has Changed

The market continues to provide trading opportunities for the short term traders. It essentially finished the week near where it started and not much has changed.

SP500 Scenario Follow-up (7/8/2015)

A short follow up video on my SP500 scenario that I have presented last weekend. You can view that video here "A Scenario For The SP500".

A Scenario For The SP500

Ever since the Dow Jones Industrial Average closed with a new all time closing high on May 19, 2015, followed by another new closing high from the SP500 two days afterward, the market has been trying to establish and initiate its intermediate direction. During this period, there have been numerous shakeout accompanied by some dramatic rallies and some very interesting selloffs.

Homebuilders

Although the possibility of a rate hike from the FED is increasing, but looking at some of the homebuilders' stock price, the market doesn't seem to be concerned.

In this video, we will take a look at some of the homebuilders that might be setting up for an intermediate upward price move. The homebuilders being reviewed in this video are: TOL, DHI, LEN & PHM.

Stocks & Market Review - 6/28/2015

In this video, we will take a look at the market along with these stocks: CYBR, PANW, FEYE, VDSI, AAPL NFLX, FB, TWTR, GOOGL, GPRO, BABA.

Review of FB, TWTR & GPRO - 6/23/2015

In this video, I will do an update on 3 of the stocks I have mentioned in my last weekend video, they are : FB, TWTR & GPRO.

Stocks On Watch - 6/22/2015

Here are some stocks that are on watch for possible upside breakout & upward price move.

Stocks & Market Review - 6/21/2015

In this video, we will take a look at the market along with these MOMO stocks: AAPL, FB, TWTR, BABA, NFLX, AMZN, GOOGL, EBAY, LOCK, CYBR, FEYE, VDSI, PANW.

Is A New All Time High Coming?

Since the DJIA closed at a new all time high of 18,312.40 on 5/19/2015 (detailed in “Suspicious Record High”), it has retreated to close at a pivot low of 17,764.00 on 6/9/2015 before it started the process of reversing from the decline. This recent retracement of 548.40 points equates to a modest 3% pullback on a closing basis. On an intraday basis, it retraced from the 5/19/2015 intraday high of 18,351.40 to the 6/15/2015 intraday low of 17,698.40, a 653 points decline or a decline of 3.6%.

Stock Review - 6/19/2015

In this video, I will add some context behind the charts that I have posted this morning on my twitter stream.

The stocks that will be covered are: XIV, MRVL, SWKS, BIIB, RL, ADBE, AXP, CAT, FFIV, LEN, TOL, MXIM & UPS.

Stocks & Market Outlook - 6/13/2015

Last week, the market attempted to rally back to previous high after printing a bottom doji candle. After couple up days, it stalled and printed a shooting star candle that set up an evening star candle pattern with Friday's price action. Depends on the depth of the next pullback, the market could be in jeopardy on holding above recent support level.

In this video, we will look at some of those key levels for the market to hold and to reclaim. In addition, we will look at some of the MOMO stocks and attempt to identify some of the levels to watch for the coming week. The stocks that will be reviewed in this video are AAPL, FB, TWTR, BABA, NFLX, AMZN, GOOGL, TSLA & GPRO.

Market Continues To Gyrate

The market continues to frustrate the longs and the shorts as it gyrates its way to set up for the next move. Below are the charts of the indices and some commentary on what the price action might be telling us.

Stocks & Market Outlook - 6/7/2015

In this video, we will take a look at the market and some stocks in the financial sector, the cyber-security sector, some stock in the MOMO space along with an update on the stocks that were placed on watch last week.

Stock Updates - 6/3/2015

In this video, we will review and update the charts I have posted yesterday. The stocks being covered in this video are: SPY, SLB, CLR, RIG, MA, GDXJ, CBG, C, LOCK, BABA and AAPL.

Deception From The Obvious

The market is always transparent. It prints everything that has occurred and it is up to the traders to extract and interpret what the market was saying. There are times the market will present information that is obvious, and it will use that information to deceive the participants.

Stock Market Review - 5/26/2015

A look at the market indices and to identify possible key levels to watch for the coming days. (correction to the video, on 5/19 only the DJIA closed at a new high).

A Follow Up

Here is a follow up on the stocks that were put on watch from these posts: "Stock Watch - Potential Movers" and "Stocks To Watch For 5/21/2015"

Listen To The Message

Last week on May 19, 2015, the market entered the record book again. The Dow Jones Industrial (DJI) and the SP-500 (SPX) recorded a new all time closing high.

Stocks To Watch For 5/21/2015

The market appears to be entering the process of dissipating its recent excess. In this environment, the odds on finding good setup going against the market are low, and a sustained move could be short lived. If one is trading against the market trend, one should always exercise tight stop and take profit aggressively. Here are a few stocks that could present some upward movements in the coming days.

Suspicious Record High

Today the DJIA closed with another all time closing high at 18,312.39, a gain of 13.51 or +0.07%. Although nearly 2/3 of the stocks in the DJIA index closed higher, but this record close is suspicious.

Stock Watch - Potential Movers

Here are some stocks that could continue to move upward in the coming days.

Stock Watch - 5/17/2015

Some recently battered MOMO stocks appear to be making a bounce, and some homebuilders also showing some upside price actions. In this video, we will look at these MOMO stocks: AAPL, NLFX, FB, TWTR and TSLA, along with three homebuilders stocks, TOL, DHI & LEN.

Market Review - 5/17/2015

The SP500 and the New York Stock Exchange Composite index closed at a new all time closing high. The Dow Jones Industrial is near its all time closing high.

The Next Catalyst

The market finished last week with the SP500 near another all time closing high. The DJIA, NASDAQ and the Russell 2000 all recovered some of their recent losses.

Stocks To Watch - 5/3/2015

Here is a list of stocks that might present some interesting price movement in the coming week. AMBA, CHK, DGLY, FEYE, GILD, HPQ, SMH, INTC, MU, NVDA, REGN, SCTY, SWKS, SWIR.

Market & Stocks Review - 5/3/2015

In this video, we will take a look at the market indices and these stocks: AAPL, FB & TWTR.

AAPL Pre-Earnings Review - 4/26/2015

In this video, we will take a look at some of the price levels AAPL might be targeting after it has reported its earnings on 4/27/2015 AMC.

Here is a long term monthly chart of AAPL showing how it has been moving within a rising price channel.

Stock Market Watch - 4/26/2015

The market continues its march into new high territory last week. The NASDAQ Composite closed above the dotcom bubble closing high at 5092.08, and less than 50 points from the all time high of 5132.52. The tech heavy NASDAQ 100 did not make a new all time closing high but it did closed with another multi-years high at 4536.78. It is still some distance away from the dotcom bubble closing high of 4704.73.

Stock Watch For 4/24/2015

Here are some stocks that could present potential swing long opportunities in the coming days: LULU, M, MDT, SWI, LLY, SWKS, DATA, DNKN & EBAY.

Busy Earnings Reporting Week Coming Up

Next week many large cap tech & non-tech stocks will be reporting their earnings. Below is a table of projected price movement for some of the stocks scheduled for ER. The price projections in the table are based on Friday's numbers. These stocks are covered in this video: HAL, MS, IBM, CMG, ISRG, CREE, EBAY, QCOM, FB, AMZN, GOOGL, BIIB, AAPL, TWTR, NFLX, TSLA, BABA, MBLY, SWIR & CYBR.

Charts Posted On Twitter Today - 4/16/2015

Here are some of the charts I have posted on my Twitter stream today.

Interesting Energy Stocks

If you are not one of those people that are still waiting for the price of crude oil fall to the $30's or $20's or even for a new low, then you might find the following energy stocks to be interesting.

Quick Look At FB

FB broke out from the recent pullback price channel and above the Fibonacci retracement zone. Although it has faded as the market weakening during the afternoon, but it did held on to some of its gains and closed up +0.97 or 1.18% at 83.01.

The Market Reveals

Today the market has revealed itself on its near term intention. Last week the New York Stock Exchange Composite, NYA was near its all time high. The Russell 2000 was only 0.37 away from tagging the all time closing high. Today, the market opens with the Russell 2000 and the NYA moving toward new high territory.

Stock Market Review – 4/11/2015

This week the market shook off previous week’s weakness and the weak job report, and continues to move back toward its all time high. The NYSE cumulative Advance/Decline line is still trending higher as the SP500 moving back toward its March pivot high level (see chart below). The VIX is falling toward last December low level as the New-High/New-Low holding steady. Clearly, these are not the signs of a market that is getting ready to roll over.

How The Market Enters Into A Correction

The market remains near all time high territory while traders wait and preparing for a correction of 10% or more. The SP500 ended the month of March with a loss of 36.61 points or -1.7% on a month-to-month basis. The trend indicated by the monthly chart remains to be up. The price is sitting near the middle of the long term rising price channel and the monthly candle price pattern does not show any sign of a top.

Putting Crude Oil Aside

While traders are trying to determine if the crude oil prices have made their low for this cycle, some of the energy stocks are showing signs of a recovery. No one knows if the recent price action from the energy stocks is sustainable or is only a temporary reaction to an oversold condition. As a trader, one can only apply ones best guess based on price action and past observations to put on a trade.

Stock Market & MOMO Stocks Review - 3/29/2015

The market continues to be choppy and still in the process of establishing its next directional move. In this video, we will take a look at some possible price levels the market might be targeting, and also review these MOMO stocks: AAPL, FB, TWTR, GOOGL, NFLX, AMZN & TSLA.

Time To Look At Home Builders?

The latest new home sales that were reported on March 24, 2015 provided a positive outlook for the housing market. The February annualized rate of 539,000 is the highest since May of 2008. In addition, the January number was revised upward from 481,000 to 500,000. Also cited in the report is the existing home inventory is down to 4.7 months, which is the lowest since June 2013. Is it time to start looking at the home builders stocks?

Stock Market & MOMO Stocks Review - 3/21/2015

Last week, the market moved back above the December pivot high and the Russell 2000 continues to make new all time high. The NASDAQ Composite almost tagged the dotcom bubble closing high, and AAPL made its debut on Thursday as a component of the Dow Jones Industrial Average.

Post Market Stock Charts For 3/19/2015

Here are some notable stock charts to watch.

Notable Charts To Watch - 3/16/2015

Here are some stocks that are showing potential upward price move.

Today's Posted Charts - 3/15/2015

Here are some of the charts posted on my twitter stream earlier today.

GS let's see if the financial will help lift this market

Stock Market & MOMO Stocks Review - 3/15/2015

In this video, we will review the recent price actions of the market and look at the following MOMO stocks to get some projections where they might be headed in the near term: AAPL FB TWTR GOOGL AMZN NFLX TSLA SPX DJIA NDX RUT.

How High Will The Dollar Go?

Recently, the US dollar has been moving up against all other currencies and it is beginning to put a toll on the US market and possibly on the US economy. In this video, we will take a look at the US dollar and get some ideas where it might be headed.

Stocks Review - 3/8/2015

In this video, we will review the stocks I have posted on Twitter last week. The stocks are: FB GOOGL VRTX ARWR WB REGN SLB LLY INTC ORCL LUV IBM GILD /CL TLT UUP TWTR ICPT MEET CYBR AMZN MXIM T NKE GS HPQ GMCR & BX.

Stock Market Review - 3/8/2015

Ever since mid February, the market has alerted us to be cautious as the indices begin to show divergence along with weakening market breadth. No one knows to what extend this pullback might be as no one has a crystal ball to obtain that information. But there are some levels that the market could be targeting, and those are the levels we should keep our eyes on.

Here's What To Watch On AAPL

AAPL will be holding a product announcement event on March 9, 2015. This event will likely be about the pricing and the availability of the iWatch. As in the past, AAPL stock price tends to display some volatile movements leading up to the event and after the event. In this video, I will present some price actions to watch for the coming week.

Charts Posted On 3/5/2015

Click on this link to view the charts I have posted today for AAPL, TWTR, FB, GILD, VRTX, ARWR, REGN, WB, SLB, LLY, INTC, ORCL, IBM, LUV & more.

Charts Posted On 3/4/2015

Here is the link to my twitter stream for all the charts I have posted today

if you missed the charts I have posted today or simply to review them, click the 'Photos & video' or 'More photos' to view $CYBR $MEET..more

— smtrader StockTrader (@smtraderCA) March 4, 2015

Charts Posted Today

Here is the link to my twitter stream for all the charts I have posted today during & after market hours: @smtraderCA charts. This link only works on laptop/desktop twitter app. Click the 'More photos' on my twitter stream on your mobile twitter app to view the charts posted today.

Weekly Stocks & Market Review - 3/1/2015

In this video, a quick look at some of the levels the market might be targeting and a brief update on these MOMO stocks: AAPL, NFLX, FB, TWTR, GOOGL & AMZN.

What You Might Have Missed

I know many of you are only following me on my blog and/or on my YouTube channel. If you are not following me on Twitter and are not checking my Twitter stream frequently, then you could be missing many interesting charts that I have posted throughout the week.

Stock Watch - 2/25/2015

The market has been printing new record in the recent trading sessions. Some divergence beginning to show up and that is a sign to be prepare for a near term pullback. But, there are still many good opportunities for some possible swing long. Here are the charts for some of these potential swing long setup.

It's No Different This Time

Last Friday, February 20, 2015, the Dow Jones Industrial (DJIA) closed at a new all time closing high of 18,140.44, 86.73 points above the previous all time closing high of 18,053.71 made on December 26, 2014. The broader market index, the New York Stock Exchange Composite (NYA) also closed at a new all time closing high at 11,108.67, surpassing its previous all time closing high made on July 3, 2014. This is a good indication of broad market strength as the NYA represents all the stocks being traded in the NYSE.

The Market Kept Its Words

Last week, the SP500 and the Russell 2000 made a new all time closing high, and the NASDAQ closed at a multi-year high.

Projected Price Targets For ER - 2/11/2015

Here is the projected price move for some of the stocks that are scheduled to report their earnings on 2/11/2015.