Wednesday, April 30, 2014

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?

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Tuesday, April 29, 2014

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.

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Sunday, April 27, 2014

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.

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Saturday, April 26, 2014

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.

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Thursday, April 24, 2014

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.

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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.

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Tuesday, April 22, 2014

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.

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Sunday, April 20, 2014

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.

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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.

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Tuesday, April 15, 2014

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.

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Monday, April 14, 2014

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.

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Sunday, April 13, 2014

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.

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Saturday, April 12, 2014

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.

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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.

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Thursday, April 10, 2014

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.

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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.

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Wednesday, April 9, 2014

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.

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Monday, April 7, 2014

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.

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Sunday, April 6, 2014

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.

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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.

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Tuesday, April 1, 2014

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.

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Fertilizer Stocks

The fertilizer stocks are showing sign of moving higher.

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