Friday, February 28, 2014

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.

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Thursday, February 27, 2014

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.

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Wednesday, February 26, 2014

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.”

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Tuesday, February 25, 2014

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.

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Monday, February 24, 2014

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.

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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.

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Sunday, February 23, 2014

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.

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Saturday, February 22, 2014

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.

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Wednesday, February 19, 2014

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.

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Monday, February 17, 2014

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.

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Tuesday, February 11, 2014

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.

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Sunday, February 9, 2014

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.

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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.

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Thursday, February 6, 2014

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.

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Monday, February 3, 2014

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.

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Saturday, February 1, 2014

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.

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