Sunday, September 29, 2013

Three Socially Dysfunctional Stocks

Here are three social media related stocks that lot of people seem to have written off at one time or another (this writer included), P, GRPN & ZNGA. But if one is to study the recent price actions of these stocks, they have been performing remarkably well. Once again, the market reminding us never to trade what we believe, but trade what we see. The picture these three stocks are painting show possible higher prices to come.

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The Big Six

Here is a look at the follow six widely watched stocks: AAPL, FB, NFLX, TSLA, GOOG, AMZN.

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Saturday, September 28, 2013

Market Waiting For The Clown Show

The market hesitated to make a directional move one way or the other while it waits for Washington to perform its clown show with the debt ceiling/budget deal.

There were many market pundits proclaiming how bad the month of September will be when August came to an end. As it turns out, September was not a bad month but it wasn't an easy month for many traders. The market has become more of a stock picking market and the easy picking is diminishing. As October approaches, one needs to be reminded of October 19, 1987, the day the DJIA drop more than 25%. There is no sign the market is setting up to such a drop in October, but certainly one should never be complacent and believing this market will zoom higher without having someone eventually holding the bag.

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Tuesday, September 24, 2013

AAPL, FB & More - 9/24/2013

As the market pulls back and cast some doubts to those that lack conviction, the strong stocks continue to hold their ground. Here is the latest look at possible price levels for FB, AAPL, NFLX, GOOG, AMZN, TSLA, & GS.

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Sunday, September 22, 2013

Stocks To Watch - 9/22/2013

As the end of September is near, stocks continue to edge higher defying all those that been waiting and warning about how terrible the month of September will be. Although there is still a whole week of trading before September ends and anything could happen. Here is a look at some of the widely watched stocks and a few that might attract some renew attention.

The price action and potential price levels for AAPL, NFLX, GOOG, AMZN, TSLA, LNKD, GS, FFIV, RAX, BAC are reviewed in this video. Click here to view the video if you do not see a video player on your screen.

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Saturday, September 21, 2013

GLD, SLV & Market Review - 9/21/2013

After the market made a new all time high last Wednesday, a little consolidation came in while the market re-align itself due to the shuffling of the DJIA component and the rebalancing of SP500.

Gold & silver gave back most of their gains from the Fed no tapering announcement. They need to be able to hold support and bounce off the 50% Fib retracement in order to move higher. Otherwise, they could be headed down to retest the June low.

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Wednesday, September 18, 2013

Fed Gave The Market A Boost

Once again, the market surprise everyone by the Fed decision on not to taper. Almost every market participants were expecting a taper from the Fed ranging from 10B to 20B. Instead, the Fed decided the economy is not growing fast enough to warrant tapering, or is there more than not growing fasting enough? Your guess is as good as mine. In the meantime, trade what you see and trade your plan.

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Tuesday, September 17, 2013

Unexpected Move From FB

Today, FB made an unexpected move and reversed to the upside in the mid-day. Here is a look at today's price action and some potential price levels that FB might be targeting.

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Monday, September 16, 2013

Someone Know Something?

Is this just a coincidence or a case of 'there is always someone know something before anyone.'

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Pull Back From The Active Three

AAPL continues to fall, NFLX appears to be pulling back, and FB profit taking came in big time. Here is a look at some of the possible price level for the coming days.

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Something For Everyone

Lot of stocks from different sectors are poise to move higher. Here are some of those stocks from various sector.

The fertilizer sector appears to be waking up after a prolong decline.

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Sunday, September 15, 2013

Stocks To Watch - 9/15/2013

Gold & AAPL did not have a good week. They both sold off quit bit while the market move higher. GOOG, AMZN appear to rebounding from their recent pullback, and YOKU took off while SODA could be setting up for an up surge.

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Near The All The High

Once again, the market is defying what the majority participants are anticipating. As September approaches, the talking headers are tells everyone that care to listen to them that the month of September will be a bad month for the market. So far, the market continues its upward march and appears to be getting ready to assault the recent new high. Although it’s only the middle of the month and there are still many trading day remains, one must not let down the guard to be cautious. The breadth of the market is not as strong as the previous high and that continue to remind us to be cautious.

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Wednesday, September 11, 2013

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.

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Monday, September 9, 2013

Stocks To Watch - 9/9/2013

The coal sector was highlighted in this post and they seem to be lighting up recently, here are some of the stocks in this sector that might be of an interest: WLT, ANR, CLF. In addition, casino stocks are breaking out as well and appear to be heading higher, stock such as MGM, WYNN, LVS, and CZR. After bouncing off the June low, gold & silver appear to be taking a breather, but the price action indicates there could be further upside to come. Keep an eye on GLD & SLV.

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Sunday, September 8, 2013

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.

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Price To Watch For AAPL

As trading resume on Monday, September 9, 2013, AAPL prices will likely be volatile as it get ready to announce some new products on September 10 and some announcements in China on September 11, 2013. On its price chart, there appears to be a spot where the near term price might converge.

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Thursday, September 5, 2013

The Buzz

Near the close of trading yesterday, BBRY was buzzing with news of the possibility auctioning off the company to multiple bidders. This buzz will likely help the technical to play out as it broke above the 10.70 baseline for a potential swing long.

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Lighting Up The Coals

The coal sector appears to be getting ready to make an upward move. Here is a look at the coal ETF, KOL and couple coal related stocks: WLT & ANR.

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Monday, September 2, 2013

Symmetrical Move

LNKD formed a bull flag with a measured move price target of 267. This bull flag could result in a symmetrical move. Here is a weekly chart depicting the possible bull flag move.

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Stocks To Watch - 9/2/2013

Here is a look at some of the momentum stocks and some of the possible price actions for the coming week: FB, Z, TSLA, AAPL, NFLX, and GOOG.

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Possible Revitalized Stocks

Here are three possible stocks that could show some upside prices in the near term: LULU, YOKU and OPEN.

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The Gold Watch

Looking for a possible pull back for gold before it make another upward move. If gold ETF, GLD pulls back to near 131 region, that would be near the 61.8% fib level and could be setting up another bull flag with a possible measure move price target near 142-143.

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