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.

Projected Price Targets For AAPL

Here are some price targets for AAPL using four different approaches.

Setting the Fib retracement point from the April earnings gap projects a 161% Fib level of 118.35 which was exceeded at the close today:

Black Gold

Couple weeks ago we started to look at gold after we have observed a possible near term bottom type of price action. Today, we will take a look at the oil or black gold. Oil appears to have put in a near term bottom that might present some near term swing long trades along with some of the energy stocks.

Another Golden Moment

The market finished with another positive week as the DJIA & SP500 continue to make new all time high, and the NASDAQ 100 printed another new multi-year high. The breadth of the market continues to show sign of weakness, and the DJT along with the Russell 2000 also starting to weaken. The bright spot of the week was gold. Last Friday, it was another golden moment for the precious metal.

It Tried

The title said it all. Whomever and whatever it is, it tried to fool the market participants into believing the market has the strength to continue to make new all time high. It tried to over shadow the market’s natural movement by injecting manipulative money into propping up the indices. Fortunately, the market always reveals to us what it is doing. The market shows us not by how much gain the indices have attained, or how high the indices have reached. Instead, it shows us through its breadth indicators how weak it is and how concentrated is the manipulative liquidity.

Everyone Is Waiting

The market seems to be in a holding pattern of some sort and everyone is waiting for something to happen. Although the DJIA and the SP500 continue to make new all time high last week, but trading activities seem to be very subdued. The market has been up for the last three weeks and it is quite extended, therefore one should be cautious and be prepared for possible sudden pullback (note: the video I stated a 1 to 2 days, it should be 1 to 2 weeks of possible pullback).

Mirror Mirror On The Wall

Here is a look at some chart patterns in a slightly different perspective.

Oil Hidden Agenda

The current falling oil price is not all about excess supply or the slowing down of the global economy. It is about control, the control of world oil prices by OPEC. As US oil producers refined and improved the fracking technology for extracting oil, this has caused a hidden price war launched by OPEC to retain control of the oil market. While there is an oversupply of oil, the largest OPEC oil producer, Saudi Arabia has not reduced its oil production to halt the falling price of oil. Not only OPEC did not cut production, it has just reduced the price of oil destined to the US. This price reduction has two purposes, one is to retain market share, and second is to determine at what price level it will cause US oil producers to cut their production. It is vital for OPEC to know the US producers’ breakeven price level in order to control the world oil market.

Coal Play

The outcome of tomorrow's US mid-term election could have ramification on the coal stocks. Here are three coal stocks that could be setting up to be in-play after the election.

The Maneuver

Base on the title of this post, you might have thought I am going to write about the maneuver the Bank of Japan (BOJ) has announced on 10/31/2014. Although BOJ’s version of QE is a big deal and it will essentially take over from where the Federal Reserve (FED) has left it; the creations of the next asset bubble. This is not news that a central bank will be in the market. In matter of fact, the central banks have been in the market for a while already and have been maneuvering within the market (courtesy of Zero Hedge "Central Banks Trade S&P500 Futures"). What is news is BOJ publicly announced it will be in the market and told the market what it will purchase and how much it will purchase.

What this post will concentrate on is how the market maneuvers trend changes. There have always been different forces maneuvering within the market, and some of these maneuvers can alter the short term price movement but they cannot alter the longer term price direction. The longer term price movement will always base on fundamental factors that are related to economic activities and asset values. The market will move accordingly to the expansion and the contraction of economic activities, and similarly to undervalued and overvalued assets.

Nonconfirmation

Today, the DJIA made a new recovery high with the help from Visa. The DJT closed with a loss and this resulted in a non-confirm new recovery high for the DJIA. The other market index that did not make a new recovery high today was the Nasdaq 100, NDX.

Something Unexpected

Yesterday an unexpected happened. The Dow Jones Transportation index closed at a new all time closing high. The new high from the DJT was not a complete surprise. Since the Dow Jones Industrials made a lower closing low on 10/16/2014 without being confirmed by DJT, this signal the possibility of a new recovery high.

Earnings Price Targets For 10/28/2014

The following charts show some of the projected earnings report price targets for FB, GILD, WDC and WYNN.

Waiting To Press The Button

The market continues to ride the elevator up and it is just waiting to press the button to trigger a massive exit from all those participants holding on their recent gains.

Earning Watch - 10/25/2014

In this video, we will review the following stocks that are scheduled to report earnings on Monday & Tuesday: TWTR, PCYC, GILD, WYNN and FB.

Too Much Too Fast

The market continued its rebound from the October 15, 2014 low with some very impressive gains on 10/21/2014. The SP500 gained 1.96% by adding 37.27 points, Dow Jones Industrial up 215.10, a 1.31% gain, Nasdaq 100 put in a rare performance by adding 101.31 points or 2.62%, and the Russell 2000 ended the session with a gain of 17.88 or 1.63%.

Is The Selloff Over?

Last week, the market volatility continues to increase. On Wednesday October 15, 2014 the DJIA dropped more than 360 points within the first 10 minutes of trading (Figure 1). After a brief bounce off the opening low, the market resumes its selloff and incurred more than 460 points of losses in the DJIA shortly after the FED released its beige book. During this time period, the selling pressure has reached extreme level where the up volume-down volume ratio went to 10-to-1 favoring the down volume, and the advance-decline ratio also exceeded 10-to-1 favoring the declining issues. When such an extremity is reached by the market, it usually indicates indiscriminate selling or some form of capitulation. What triggered the opening bell and early afternoon sell off is unknown at this time.

Where Will They Go?

The market took a dive in early trading yesterday. The DJIA at one point was down more than 460 points and the SP500 was down over 60 points. In the afternoon, the market recovered from the low of the day and made up a good portion of the early losses. Ever since 9/19/2014 turning point, the market has been in a down trend with short bounces which resulted in a very choppy trading environment. The market is due for a dead cat bounce and maybe yesterday's rebound from the huge drop could trigger a dead cat bounce.

QQQ Trading Scenarios

Here are a few possible scenarios for the QQQ.

MOMO Stock Chop Update

The earlier post on potential price action for GOOGL, NFLX, TWTR and FB has been updated in the following charts.

Be Prepared

The market continues with its violent mood, creating an ideal trading environment for the day traders and a chopping board to the dip buyers. As the market establishing its new trend, one needs to be prepared for some of the possibilities for the market.

Extreme

The market sold off after the rally from the release of the FOMC minutes. The sell-off reached extreme level as many market breadth indicators reached level that could trigger a brief relief rally.

MOMO Stock Chop

As the market continues to be choppy, there are quick trade opportunities on either side for some MOMO stocks. Here is look at these momo stock for possible quick trades: GOOGL, NFLX, TWTR and FB.

Re-programming Continues

The market remains to be volatile and choppy. After three consecutive down days, the market came through with a dead cat bounce and setup some short squeeze to wipe out majority of the PUT options from recent down draft for weekly OpEx.

Market Outlook - 10/2/2012

Today the market made a strong bounce off the morning flush. After all said and done, the DJIA closed with a 3.6 points loss, the SP500 eked out a whopping gain of 1 cent, the Nasdaq 100 regain all its early losses and added 1.13 points, while the star performer of the day, the Russell 2000 added 10.97, approximately 1% gain, and the DJTA added over 66 points.

Chronology Of The Turning Point

If you have been following me and my blog, you already know what have transpired prior to reaching the September 19, 2014 turning point. For those that might not have been following my blog or wish to get a recap, here it is (To read the complete post of each event, click on the embedded link.)

The Turning Point

The market will not top until the DJIA has topped and the DJIA appears to have topped on September 19, 2014.

Shhh…Listen

Do you hear anything? Exactly! There wasn’t much fanfare as the DJIA made another all time closing high.

Slightly Different

The DJIA made another new all time closing high today by closing at 17,265.99. Today’s record close is slightly different than yesterday’s record close for the DJIA. The difference is the SP500 also close with a new all time high along with the DJT. In addition, the Nasdaq 100 also closed with a new multi-years high. The market breadth was pretty much the same, marginally positive but still relatively weak.

Into The Record Book

Today the Dow Jones Industrial Average, DJIA, finally put itself into the record book by closing with a new all time closing high. It closed at 17,156.85, surpassed its previous closing high of 17,138.20. Although today’s record high was not accompanied by a record close from the SP500, the Nasdaq 100 or the Russell 2000, but the Dow Jones Transportation did close with another new all time closing high.

What Would It Look Like

Can you imagine how this chart would look if the DJIA was able to close with a new all time closing high today? And what it might mean?

Something Different

This has not been seen for quite some time that the DJIA closed with a gain while all the other indices closed with a loss. This is something different for this market cycle. Remember I have said it numerous times that the market does not top until the DJIA has topped. Could this be the beginning of that final move on making a top? Only time will tell.

Patience

Here is an updated look at all the charts I have posted on Twitter during the past week. Some of the stocks are still waiting to be triggered. It just to show trading is more about exercising patience and waiting for the trade to come to you.

Early Look

Here are some stocks from a recent long scan that might present potential swing long opportunities. For those aggressive traders, you can tap into the possibility of scaling in off support. And for those traders that are more accustomed to the classical breakout pattern, watch the pattern for entry trigger.

Keep It Real

The market continues to frustrate those that been calling for a 10-20% correction and scare those weak players as the market plays the game of taking one step back and two steps forward. The SP500 continues to chop into all time high, and the DJIA continues to tease and refuse to enter into the record book.

Don’t Kid Ourselves

One of the most difficult emotion to control as a trader is our ego. Our ego has the tendency to subconsciously instill a bias on what we want to see instead of accepting what we see in front of us. In trading, this bias can cause us to believe the market should do what we believe it should do. When we are in this mindset, we tend to hold on to a trade that went against us or we try to force a trade when it is not there. These behaviors usually end up badly and cause great damage to a trader’s capital account. Worse yet, it can devastate the trader’s confidence. To avoid falling into this mental trap, a trader needs to remind him/herself with these two clichés; “Trade what you see!” and “Trade what is in front of you!”

Stock Chart Updates - 9/3/2014

In this post, I will present an update on some of the charts I have recently posted on my twitter page. If you wish to follow my live commentary and postings on twitter during NYSE trading hours, then follow me on twitter @smtraderCA

How High Can It Go

As the SP500 continues to make new all time high, one must question how high can it go? In this video we will review the market indices and a review on some MOMO stocks such as: AAPL, NFLX, AMZN, GOOGL & TSLA. In addition, a review on some biotech stocks for possible trade ideas: CELG, GILD, PCYC & HZNP.

Swing Trade Ideas - 8/30/2014

Thanks to couple of my followers for a few great swing trade ideas. Here is a look at those ideas: STT, FANG & WFM. In additional, a brief update on TWTR & FB.

Don’t Get Carry Away

The SP500 continues to recover from its August 7 low and has gained over 4% off that low. From the recent rebound, it also made a new all time high along with a new closing high last Thursday, August 21.

Trading Perspectives - EBAY

In this video, we will take a look at the recent trade I made on EBAY and other aspects of trading.

Take 2

The SP500 attempted to put in a new all time closing high yesterday. It was above the previous closing high of 1987.98 until it backed off near the close and ended at 1986.51, less than one and a half point from a new all time closing high. The Nasdaq 100 continues to make new multi-year high, it is at a level that was last seen in September 2000. In this brief video, we will take a look at the SP500 and the Nasdaq 100 to see what we can expect in the coming days in event of a possible minor pull back and the continuation on putting in a new record high for the SP500.

What’s Next?

Just in case you have not heard, Apple stock price reclaimed the 100 mark and closed today at 100.56. What is a big deal you might ask? It depends on your perspective. But the more important question a trader should ask is “What’s next?”

Here We Go Again!

In technical analysis, one look at patterns and price actions that have occurred in the past for clues on how the price might react when a similar pattern or price action appears in the future. It is the belief that similar price pattern will result in similar reaction due to human nature does not change. We human react to similar situation in a similar manner as we had in the past.

Trend Remains To Be UP

As the month of August reached the half way point, the statistically to be one of the worst month of the year is up so far as measured by the SP500. Even the worrisome small cap index, the Russell 2000 is up for the month. Of course, there’s still half a month to go and anything can happen between now to the end of the month.

What? No Charts!

Sorry, no charts on this piece. Instead, I am just going to write something about our reaction to market moving events.

Consolidating Today's Charts - 8/15/2014

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

Golden Possibilities

Here are some swing long possibilities for the gold & gold miners ETF, GLD, DGDX, GDXJ.

Was That It?

Was August 7, 2014 the day the SP500 put in an intermediate low for the recent market pullback (some call it a correction). Take a look at the following chart with couple market breadth indicators on it. The advance/decline and the new-high/new-low show a slight positive divergence as the SP500 made a new low on 8/7/2014.

New High Territory

Let's take a look at some possibilities for AAPL, SPY and QQQ to make a new high.

Murky Picture

As any seasoned technician will tell you, technical analysis is more of an art than science and it is more subjective than objective. For these reasons, a technician will look for confluence from various technical perspectives in an attempt to form a highly probable conclusion on potential price movement. Note the key word “probable”, because there is always a degree of uncertainty in any form of analysis, whether it is technical or fundamental.

Trading Scenarios - 8/10/2014

Here are some possible swing long trading scenarios for WLT, BLK and COH.

Trade Analysis For SCTY & FB

Here are couple videos posted this weekend on Twitter. One is reviewing the post earnings price action on SCTY, and the other video is on a possible swing long trade setup for FB.

SPY Before The Open - 8//8/2014

Here is a short video looking at the SPY before the US market open for trading.
Click here to view the video.

Market Outlook - 8/5/2014

Here is a brief look at the market and some levels to watch for the coming days.

Potential Bounce Levels

Here are some possible price levels for a short term bounce for the market index ETF: SPY, DIA, QQQ and IWM.

Potential Bounce

A look at potential bounce from AAPL, NFLX, AMZN & GOOGL for a quick trade and some possible threshold to watch for swing long.

Nothing Has Changed

There is really not much has changed in the market since the last video on the SP500. It appears the market still in a pullback phase. This pullback is not much different than the one in the beginning of 2014. Yes, there are deteriorations within the market breadth. This is an indication of a weakening market, but not necessary an indication of a new bear market(yet). Until a top has been made and confirmed, no one knows the market has topped. In the meantime, wait until major support levels have been tested and broken before categorizing this pullback as a major correction. Continue to be patient and be defensive. Be mindful cash is a position.

Where To SP500

Now that the market has retreated in a somewhat dramatic fashion, many traders are wondering is this the big correction that most traders been waiting for and how deep will this drop be. Rather than spend the time to guess if this is the big one or not, let spend some time on where the market might find support if this down draft continues. In this video, we will look at some possible levels that the SP500 might be headed.

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.

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.

Referrals

Here are few stocks that were recently referred to me by a fellow trader @Thundersforever: VVUS, LIVE & PPC. They exhibit possible swing long setup that could be set in motion in the coming days.

MOMO Stocks Outlook - 6/28/2014

In this video, we will take a look at these MOMO stocks: AAPL, NFLX, FB, AMZN, TWTR, TSLA, GOOGL & LNKD.

Not Much Has Changed

The market continues to frustrate those that are looking for that elusive 10% pullback. Whenever the market does a pullback to shake some of the weak longs, the talking heads come out and calling the beginning of their long awaited 10% correction. I'm sure one day they will get it right when those that are market watchers have sensed the top has been made and starting their exit. In the meantime, not much has changed. The market continues to present many good setup, but one must not forget to trade defensively and manage the risk.

Quick Glance At The Market

A look at the indices to see where might be the next level of resistance and support.

Consolidating Today's Charts

For those that might have missed some of the charts I have posted on twitter throughout the day, here is a recap. You can also see my tweets in the window on the right.

Another Pullback

Here we are again, in the midst of another pullback. In this video we will review today's price actions and review some of the stocks in our watch list and some new additions to monitor for future price move.

Stocks & Market Watch - 6/22/2014

Here is a look at some of the stocks that might be on the move in the coming days, and a review of the market.

Worth Mentioning

Here are some additional stocks that are worth a mentioning of possible upside.

Stock Watch - 6/20/2014

Here are some stocks to watch for the coming days: BBRY, GOOGL, AOL, KBH, TOL, PHM.

BBRY Earnings Watch

Updated note: I was reminded BBRY earnings report is due tomorrow morning before the market open. I will attempt to close my remaining position in pre-market. (mental error!)


Tomorrow after the market close, BBRY will report its quarterly earnings. The recent price actions suggest it might move to the upside. But with any news driven event, price movement could be volatile; especially on earnings report.

Mixed Bag Day

Today the market chopped around a few times throughout the day. When the close came, the market ends up closing on a slightly up tick. Here is a look at the market and some of the MOMO stocks, and the stocks that were mentioned in the weekend 'stock watch' video.

Stock Watch - 6/15/2014

Here are some stocks that could present some swing long opportunities in the coming week. BRCD, P CHKP VJET, XONE, XLNX, CREE, MGM, AMGN.

After A Spooky Day

Tomorrow is Friday the 13th and also weekly OpEx day. Here is a look at some price levels for the SPY, AAPL, and NFLX after a spooky day. In addition, a look at FSLR for a possible long trade.

Stock Watch - 6/11/2014

Here are some stocks that could be setting up for possible swing long.

Stock Watch - 6/10/2014

Here is a brief look at the market and some stocks.

MOMO Stocks Update - 6/8/2014

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

How Did We Get Here

Last week, the market shifted back into gear and put up consecutive new all time high for the DJIA, DJT, and the SP500, while the Nasdaq 100 put up consecutive new multi-year high. Although the Russell 2000 failed to put up any new high, it did reverse its recent downtrend by putting up a higher high and higher low price pattern. The market breadth also show some improvement with the advance/decline rising and the new high/new low expanding. Does this mean the market is back on a long term uptrend? Before trying to answer that question, let’s first look back to see how we got here.

A Follow Up

The video I have posted on the Memorial Day weekend sort of gave us some ideas on what to look for from the recent market move, and here is a follow up on that video.

Staying With The Trend

This week the market gave us some clarity on the direction it is intend to move in the near term, and that direction is up.

Quick Glance Before The Open - 6/6/2014

Today is job report and weekly OpEx day. Furthermore, after today AAPL will split 7-for-1. If AAPL pin is near 650 that will put the post split price at the low 90s which makes it much more psychologically attractive to new retail AAPL buyers.

Today's Observations - 6/5/2014

Here are some of my observations tweeted on twitter today. You can follow me on twitter by clicking the twitter follow button.

A Ho-Hum Day

After a dip & recover day on Monday, today the SPY, DIA & QQQ printed an inside narrow bar candle. The IWM again was the weakest with a long spinning top candle. All in all, no major damage to the indices, and mostly it was a boring, ho-hum day. This could be the quiet before the storm.

Don’t Get Emotional

Look at the following charts for the SPY, DIA, QQQ and the IWM. All of them printed a hangman type candle today except the IWM.

Preparing For Possible Pullback

After a strong up move last week, a pullback is not out of the question for the coming week. There are many major news driven events next week that can cause volatility to increase. There is the widely watched job report on Friday, the ECB rate decision on Thursday, and AAPL WWDC starting on Monday.

Fear Is Notching Up

The fear meter goes up a notch every time the market moves higher. There are fears from those believing they will miss this move if they don’t get on board now and from those that fear how badly this will end.

MOMO Stock Update

Here is an updated review for the following MOMO stocks: AAPL, NFLX, GOOGL, AMZN, FB, TWTR, CELG & TSLA.

Changing Move

The market is making another surge to new high territory. While the SP500 and the Dow Jones Transportation made a new all time high last Friday, the Dow Jones Industrial is still some distance away from its previous all time high. Currently, the large cap market such as the SP500 is getting near the neutral area and the small cap still leaning on the bearish zone.

The State Of The Market(s)

After the SP500 made a new all time closing high at 1897.45 with a small shooting star candle and followed with the formation of an even star candle pattern, it finished the week nearly unchanged with an inside bar candle. The key support level for the SP500 to hold is 1848.38. If it continues its rebound that started in the last two hours of trading on Friday, then the resistance it needs to overcome is 1897.45.

Trade Preparation

In order to avoid reacting to price movement during the trading session and prevent us from making impulsive trade, we need to be prepared with various trading parameters and/or patterns to watch for initiating potential trade.

Another Trade Setup - 5/14/2014

Here is another day trade on NFLX using a slightly different candlestick pattern.

Trading Lesson - 5/13/2014

Here is a video describing one of the candle stick pattern I use for day trading. In this video, the trade on IWM and NFLX based on this setup are discussed.

Stock Watch - 5/11/2014

Monitoring for possible short term bounce off recent support from these stocks: AAPL, NFLX, GOOGL, AMZN, FB, TWTR & TSLA. These bounce might or might not lead to a sustainable trend. Until the respective pivot level is broken, one should remain cautious.

Stock Market Outlook - 5/11/2014

The market continues to send out mixed messages. The DJIA closed at a new all time high on Friday, while all the other major market indices failed to follow. Lot of debates around the divergence between the large cap/value stocks and the small cap/growth stocks. Until the market send us a clear signal on its direction, it would be prudent to keep our positions light and tight. Again, cash is a position and the sideline might not be a bad place to be while we wait for the message from the market.

MOMO Stocks & Index ETF Review - 5/7/2014

A brief look at the price actions for the SPY, IWM, QQQ, AAPL, NFLX, GOOGL, AMZN, FB, TWTR, TSLA & FEYE.

Thread Carefully

If you believe the large cap & value stocks lead the market because this time it is different, then the tech and small cap stocks in the Nasdaq and in the Russell 2000 look to be a bargin. Otherwise, thread carefully in the value space. Eventually, there is no place to hide. Take a look at the following weekly charts.

Three To Watch

Here are three stocks worth watching for possible swing long.

Multiple Time Frame TA Review On AAPL - 5/3/2014

In this video, a technical analysis review on AAPL will be presented. We will look at some possible price targets and near term setups for possible swing long entry.

Market Continues To Diverge

The market continues to split between the large cap/value stocks and the small cap/growth stocks. Although the Russell 2000 show a mimic of relative strength today, but don’t let this deceive you. Here is the chart of the NYSE advance/decline vs. the SP500.

What Does This Mean?

For those that have been following me either on Twitter, YouTube or on my blog, you have read and/or heard from me that the market will not top out until the DJIA has topped. Today, the DJIA finally closed at a new all time high of 16,580.84. Does this mean the market has topped?

Back To Trading - 4/29/2014

Now these high beta stocks such as AAPL, NFLX, AMZN, FB, TWTR have reported their earnings, one can start looking for trade setup once again. Here is a look at the price actions and possible price level to monitor.

Click here to view the video if you do not see a video player on your screen.

Stocks On The Watch - 4/27/2014

The market continues to retreat while the earnings report from those notable tech stocks and social media stocks continue to be released. So far, the only stock that popped to the upside after its earnings report is AAPL with most others just bounce and then sold off. Next week, there are more high beta stocks and social media stocks scheduled to release their earnings, and looking at their price actions the outcome might be just the same no matter what the earnings result will be reported. It is hard to change a prevailing market sentiment after it has changed. This revised downward earnings reporting quarter is definitely not the catalyst that will change the current sentiment, it appears to reinforce it.

Market Outlook - 4/26/2014

The market continues to chop around with a general tone toward the negative end. The high flyers in the Nasdaq and the Russell 2000 are being clobbered while the value stocks window is closing. Unless some catalyst come along to change the current sentiment, this current downtrend could accelerate.

Post Earnings Review - 4/24/2014

A post earnings review on AAPL, NFLX, FB & AMZN along with a review of the market & TWTR.

Click here to view the video if you do not see a video player on your screen.

AAPL Announced More Than A Blow Out Earnings!

The long awaited earnings report from AAPL finally arrived. Not only did AAPL delivered a blowout EPS and revenue due to strong IPhone sales, but a surprise announcement of a 7 for 1 stock split, increase in dividend, and an additional $30B of stock buyback lifted the stock price more than 8% during after hour trading.

Earnings, Earnings

Two widely watched stocks are scheduled to report their quarterly earnings after the market close tomorrow, AAPL & FB. An update on the price levels where the market is pricing in for these stocks is presented in this video along with an update on the market and post earnings review on NFLX.

click here to view the video if you do not see a video player on your screen.

Earnings Watch - 4/20/2014

In this video, we will take a pre-earnings look at NFLX, AAPL & FB.

Click here to view the video if you do not see a video player on your screen.

Am I Crazy?

After having many stocks lose 20% or more in the recent weeks, and the DJIA loss slightly more than 546 points in 6 days, am I crazy to say the DJIA could be getting ready to make another attempt to close with a new all time high. Absolutely not, but of course I could be wrong. However, I will not be surprise to hear others echoing what I just said after they have start noticing what I will present to support my hypothesis.

Same Play, Different Inning - 4/15/2014

The market essentially did the same thing as what it did in the previous trading session. It rally a bit, then sold off, and recoup its losses and close near the high of the day. The difference is the rally happened at a different time. Yesterday it was 40 minutes before the close, and today it was slightly after 1:00pm EST.

Short Covering Or Reversal?

The market stayed in the green throughout the morning. It started to fade in the afternoon and hit bottom going into the last hour of trading. In the last 40 minutes of trading, the market reversed and rally back up near the high of the day with fairly descent volume. Is this a short covering rally or the end of the recent pull back? Once again, we will wait for the market to inform us by watching its price actions.

Earnings & MOMO Stocks Watch - 4/13/2014

Earnings report will kick in for some of the MOMO stocks next week. Some of the notable stocks scheduled to report earnings are: YHOO, GOOGL, SNDK & CMG.

Spooky Round Numbers

Last Friday, the market was trying to hold its ground and trying to stay in the green throughout the day until the late afternoon. As the market headed toward the close, the bottom fell off and the entire market sold off once again. The price actions pretty much play out to a scenario we have discussed in the previous video. Now for next week, the key levels to watch are those psychological round number levels. For the DJIA, the round number is 16,000, 1800 for the SP500, 1100 for the Russell 2000, and the 4000 for the Nasdaq Composite.

Shipping It Out

Recently, the high beta tech and the biotech stocks have been taken down. As the market continues to retreat, look for different sectors being taken down. Here are couple shipping stocks that appears to be in the initial phase of rolling over; FDX & UPS.

Back On Course

After yesterday's huge upside move, we posed the question on whether this is a dead cat bounce or a reversal of the recent pull back. Since no one has a crystal ball to tell the future, we simply remind ourselves to watch today's price actions for answer to our question. And based on the price action, the answer appears to be a resounding "dead cat bounce". The broad market sell off today clearly put it back on course for more downward move.

Exceeded Expectation

The second day of this dead cat bounce exceeded expectation. After the release of the FOMC minutes, the market rallied through the resistance level and put in a stellar performance. It even rally into the close with a gain of slightly more than one percent.

Dead Cat Bounce - 4/8/2014

Today the market bounced just as we suspect it might. Lot of the recently battered high beta momentum stocks led the bounce. Is today's bounce a dead cat bounce or another buy-the-dip opportunity? Instead of expressing our opinion, lets wait and see what tomorrow will bring. If there is no upside follow through with conviction within the next couple days, then we should be prepared for further downward move.

Looking For A Bounce

The market continues its downward slide today. But the price actions might have reached a point where a short term dead cat bounce might be in the offering within the next day or two.

Stocks On The Watch - 4/6/2014

Here is a look at some of the stocks by request and some high beta stocks that have experienced huge price changes in the recent weeks.

Where To?

Since the beginning of 2014, the market has been choppy. As the pullback occurs more frequently and more swiftly, it can only mean one or two things. Either the market is simply consolidating the enormous gains from 2013 or the market is in the final phase of a multi-year up trend.

Still On Course

The SP500 made another new all time closing high today. Although it made this historical record high all by itself, but the DJ Industrials only less than 50 points away from its all time closing high. The Nasdaq 100 and the Russell 2000 participated in today’s market rally, but their current level is still some distance from their previous high. The market breadth is mixed. Therefore, until we see the DJIA makes a new all time high, the market still on course to where it is destine to be, wherever that maybe. In the meantime, be selective and defensive, and don’t extend yourself too far away from the chair. You do not want to be the one standing when the music stops.

Fertilizer Stocks

The fertilizer stocks are showing sign of moving higher.

Recap For 3/26/2014

Here is a video on the market along with some of the stocks that were mentioned in the recent days.

Click here to view the video if you do not see a video player on your screen.

Stay The Course

The market continues to be on course toward its destination. For those that have been through bull/bear market cycle, then the course the market takes to reach its destination should be familiar.

Whether the recent shift to what some categorize them as ‘value’ stocks is the turn the market take to get to the top or not, only time will tell. But, as interests grow on stocks such as IBM, CAT, MMM, and others stable, high quality stocks, one must ask if this is the flight to quality?

Shifting

The market remains near the all time high territory while some of the recent high flyers starting to give way. Many that have been benefiting from this prolong market run up feel they are invincible. This is typical in a market that has gone so far without a major shakeout and near the climax phase.

Looking At Things

Do you always look at things as they are, or you look at things at what you (consciously or subconsciously) like to see?

No Surprises

The result from the vote in Crimea was to rejoin Russia. There was no major violence breakout in Ukraine and the US & EU sanction is not a backbreaker to Putin. Therefore, the market re-positions itself back to where it was prior to this Crimea uncertainty. The market still cannot find a reason to sell off other than headlines that cause these minor couple percentage dips.

Wait And See

As the Crimea vote approaches, the market brace itself by pulling back to avoid the possible onslaught of reactive selling. There shouldn’t be a big surprise the outcome of the vote is to join Russia. The uncertainty is not on what will be the voting result, but it is on what will happen after the vote. Will there be uprising internally between the Ukrainians and the pro-Russia backers in Ukraine? Will this uprising be an excuse for Russia to invade Ukraine and permanently station its troops inside of Crimea? These are the uncertainties that the market is pondering. What will be the consequence on the global market when the US and EU impose sanction on Russia (if they do carry out their bluff.) But in regardless what is going to take place, the market doesn’t appear to be in the 10-15% corrective mode that many of those market top callers been waiting for. Certainly the mood can change from the ‘wait and see’ to ‘sell everything then question later’ if some unexpected event occurs. But until there are signs that the market is in a full retreat, the market will continue to move higher from these minor dips until all those non-believers capitulate and buy this market at all cost.

No Letting Up

Today the market sold off and it appears to be more scary that it was. Looking at the 30 minutes intraday chart for the SP500 ETF, SPY, and you could see the reason why it feels that way. It essentially went down shortly after the open and there was no letting up along the way. It is down, down, down continuously. Similar for the DJIA ETF, DIA (click here to see the chart). So where is the market heading?

Morning Earnings Call

Tomorrow morning, some of the widely watched stocks will report their earnings before the market open. Here is a look at some price targets based on the options market pricing for HZNP, GOGO, and PLUG.

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.

Stocks To Watch - 3/10/2014

Although the market appears to be setting up for a pull back, but there are still stocks with good setup for possible long. Here are three stocks; MMM, GE, and HK that might be worthwhile keeping an eye on for potential upside breakout.

The Long & The Short On AAPL

Recently, AAPL has not been an easy stock to put on any kind of swing trade. It was easy to trade when it was in a trend. When it is chopping around like it has been recently, it could be very frustrating.

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.

Stocks On The Watch - 3/2/2014

In the following video, a review of the price actions for NQ along with a look at possible swing long for MS, GS, GM & F.

Stock Watch -3/1/2014

The market ended the month of February with a new all time high for the SP500. A geo-political conflict is flaring up in Ukraine, and that could put a damper to the recent rally. By no means is this market indicating it is ready to roll over. There are still many stocks displaying good setup for possible further upside. Below are the charts for some of these stocks that might be of interest to keep an eye on for the coming days.

A Volatile Friday

We were expecting a volatile Friday due to OpEx, but this afternoon sell off is a bit more than the typical OpEx pinning price action. But we should not be surprise to expect some consolidation before the market put in a newer high. In this video, we will take a brief look at recent price action and some of the price support levels to watch if the market decides to pull back to consolidate the recent gains.

Market Made A New High Minus The DJIA

Today the SP500 and the Russell 2000 made a new all time high, and the Nasdaq 100 made another multi-year high. Although the DJIA was absent from this new high party, but the signs are telling us it is not a matter of 'if' but a matter of 'when' the DJIA will make a new all time high. For this reason, focus should be placed on the next new all time high from the DJIA. And the key things to pay attention to are the market breadth and the participation of the other market indices making new high along with the DJIA. Until then, continue to trade on the long side with cautions.

Is A Squeeze Coming?

It appears BBRY has been getting some positive market response ever since the $19B FB purchase of WhatsApp. Previously, no matter what the news are for BBRY, the consensus is “too little, too late.”

The Music Plays On

Just as suspected, the market pulled back and gave up some gains from previous trading session. The SP500 closed down couple points but still remain near new high territory. It will be interesting to see if the market will put in a new high before the end of this trading week when the month of February will come of an end.

Keep Watching AAPL - 2/24/2014

If you are trend trading or position trading AAPL, the big picture said it is still in an intermediate uptrend until it breaks below 493.55. Just keep watching.

Close But No Cigar

The market started the new trading week with a bang. The SP500 took off to the all time high territory but failed to close with a new high. The tech sector Nasdaq continues its upward march and closed with another new multi-year high. The Russell 2000 finally caught up with the other indices and only a few points away from its all time high. The DJIA was the weakest link. Although it closed up more than 100 points, but it is still nearly 370 points away from its all time high.

Gold And 3D Printers - 2/23/2014

The precious metals have been rallying from their recent bottom, and they appear to be setting up for further upside. The 3D printer segment got hit fairly hard during the recent pull back and now it appears to be making a comeback.

The Market Snapped Back

The market continues to show strength on the upside. By taking a step back and looking at the weekly price action for the indices, one could see the hammer like candles printed from the recent pull back. The hammer candles highlighted how quickly this market has snapped back. The Nasdaq 100 made another new multi-year high last week, while the DJIA, SP500 and the Russell 2000 are near their all time high. Until this market shows a clear sign of a top, one should continue to trade the price and let the talking heads make a fool out of themselves by trying to call the top. The fact is we won’t know the top is made until after it has been made. Continue to trade defensively and manage your risks.

The Hype Goes On

This is beginning to look like deja vu. Paying ridiculous stratosphere valuation to acquire a company and the puppets trying to put on a straight face to tell their story how a stock can justify more than 130 multiples. If you are old enough, you probably have an image of those bygone dot com bubble days in 1999-2000. Who say history doesn’t repeat itself, here we go again. For those that were lucky enough to have survived the tech bubble, let see if you can capitalize from the experience.

Stocks And Market Watch - 2/17/2014

The market continues its rebound from recent pull back, and it is getting near to its all time high.

In this video, we will take a look at some of the possible levels to keep an eye on for the market indices and for the following stocks: AAPL, FB, GOOG, GS, BAC BBRY, MU, AMD, HPQ, and gold ETF GLD.

Stocks And Market Outlook - 2/11/2014

The market continues its bounce off the recent pull back. Although volume is still relatively low and that cast some doubts on the validity of this rally to many market participants. When these disbelievers throw up their hands and chase the move is when the market will likely be making an attempt to take out the previous all time high.

Changes Are Coming

As speculative spirit getting into high gear chasing those speculative hot stocks; low price biotech and China IPOs, the market continues it progression toward its topping phase. As the trend of the market changes, so will the macro picture.

Stock Market Outlook - 2/9/2014

The market started to bounce back from the recent pull back in mid week. In this video, we will look at some of the price levels to monitor for the coming week for the market indices' ETF, SPY, DIA, QQQ & IWM.

Stocks And Market Watch - 2/6/2014

The market finally bounced with some strength today. In this video, we will take a look at the price action for the SP500, DJIA, BAC, FB, BBRY & MU.

Different Tactic For A Volatile Market

The month of February started where January left off, ‘down’. Today the DJIA loss more than 300 points while the SP500 down little bit over 40 points. Almost every talking heads and many market participants are anticipating more downside for the market. Not to dispute that possibility, but as one know from experience, whenever the majority is leaning on one side expect the opposite to occur. The market rarely does what is obvious. Since it is so obvious to many that this market is going down, expect the unexpected! Not saying one should go against the trend and go long. Instead, be defensive and move to the sideline if one does not have to trade. Wait until the market has found support level and formed a base before resuming to the long side. In this volatile market, only quick and day trade stand a chance to survive. Be cautious, trade defensively.

In this video, a review of the SP500 and a trade review on AOL.

Where To For AAPL

After an eventful week for AAPL due to its quarterly earnings report, a reassessment on its technical is warranted. In this video, a look at some of the possible price action and key levels to monitor in the coming week.

Stock Market Outlook - 1/31/2014

The first month of the New Year has come to an end and the market ended the month of January on a negative note. Every time the market goes down in the coming days or weeks, you will hear those talking heads talking about those January effect correlation and reminding everyone how 2014 will likely be a down year, etc, etc. All I can say as a trader is one should be trading the market base on price actions not how the year will end. In regardless if the market is in a down trend or an uptrend, there will be rally and sell off. Therefore, trade according to the price actions and what is in front of you.

AAPL Max Pain

If the current open interests for AAPL weekly options hold, then the price of AAPL will likely gravitate near the 510 level. The open interests imply a pin at 510 will result with max pain at expiration. This 510 level was discussed in the “AAPL Earnings Watch” and the “AAPL Post Earnings Watch” post. Here is the chart and the OI stat.

AAPL Post Earnings Watch -1/27/2014

This is a video looking at one possible scenario for AAPL post earnings short term price movement.

AAPL Earnings Watch

AAPL has been holding up quite well while the market pulls back. It is schedule to report its quarterly earnings on Monday after the market closed. The rectangle on the daily closing price chart marks the projected price move of +/-31 that is being priced in by the options market. The projected move set the upside price target near 577 and the downside price target near 515 based on last trading session’s closing price.

Stock Market Outlook - 1/25/2014

The market finally gave us the long awaited pull back. But is this simply a pullback, or is it a major trend reversal? No one really knows until it has happened. The only thing one can do at the present is to identify price levels where buyers or sellers might exert their control. When these levels are reached, one can then assess the possible direction of the market based on the resulting price action.

Stock Watch - 1/21/2014

A recap on some of the stocks that were highlighted in recent videos along with couple newly added stocks to watch. These stocks are reviewed in this video: ANGI, FB, TWTR, AMZN, CELG, PCLN, GOGO, BBRY & HIMX.

Stock Watch - 1/20/2014

Here are a few social media/web base stocks to watch for possible breakout: TWTR, LNKD, ANGI, & TRLA.

Stock Watch - 1/16/2014

In this video, we will take a look at the price action for ANGI, CSCO, ARUN, CRM, FFIV & PCLN.

PCLN (Technical Analysis Made Simple) - 1/15/2014

Here is a short video showing how one can perform a simple technical analysis on PCLN for potential entry, stop level, and possible price target.

Stock Market Outlook - 1/15/2014

Here is a brief look at the market indices & their respectively ETF price action.

JPM Earnings Watch – 1/14/2014

JPM will be reporting its quarterly earnings before the market open for trading today. By analyzing the options open interest and the cost for a straddle and a strangle, one can speculate JPM stock price will be somewhere between 57.50-55.00 on option expiration this Friday.

Stock Watch - 1/13/2014

In this video, a look of the price action on the stocks that were tweeted during today's trading session. the stocks that were tweeted: FB, TWTR, TSLA, FCX, AMZN, AAPL & SPY.

Waiting For Re-entry

After exiting the trade for FB, FCX and AMZN recently, I am now waiting for it to setup and/or trigger to enter another trade. Here is what I'm waiting for before I consider re-entry.

Stock Market Outlook - 1/12/2014

A look at possible price levels for the market indices and their respective ETF: IYT, DIA, SPY, QQQ & IWM.

What's Your Preference For TSLA?

Here is a short video presenting both side of the trade possibilities for TSLA.

Stock Review - 1/8/2014

In this post, I am experimenting with the concept of posting separate video for each stock or a small group of related stocks. The objective is to allow you to view only the video for the stock you are interested in. Let me know if you like this new format or prefer the old format in one consolidated video. Please use the 'comments' section or use the 'contact' page to express your preference.

Stock Review - 1/7/2014

In this video, the following stocks are reviewed: MU, SNDK, GMCR, MS, ZNGA, Z, FB & TWTR.

Will Financial Take The Lead?

Here is a look at some of the financial stocks to see if they will lead the market higher in the coming days/weeks.

Lady Luck Ringing In The New Year

As we enter 2014, the first two trading sessions have been mixed. But what have been strong are the casino stocks. When these stocks pull back along with the market in the coming days or weeks, keep an eye on possible setup for new swing long opportunities.

Technical Analysis (GRPN) - 1/3/2014

A brief video on how to perform technical analysis using price actions to determine trade setup, trigger level, possible price target and stop level.

CMG Double Flag

CMG has developed not one bull flag, but two. Depending on which time frame you are trading, there is a bull flag based on intraday chart and another one based on the daily chart.

Market Ended 2013 With A Bang

The market displayed some early firework to welcome in 2014 as it ends 2013 with new closing high for all the major indices. The market breadth is showing some improvement, especially the A/D line. At the present, the message from the market is newer high is yet to come.

In this video, some of the breakout price levels for the market ETFs and for AAPL, NFLX, FB, TWTR, GOOG AMZN are highlighted.