Thursday, December 31, 2015

Here's How They Look

Although there is still one more trading session left in 2015, here is how the market indices look as of the last trading session in 2015.

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Wednesday, December 30, 2015

This Looks Like A Top

Lots of people been calling the start of a bear market and saying the market has topped. From what I have seen in the past, the current price formation on the SPY chart doesn't look like a top to me.

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Tuesday, December 29, 2015

Still On Path

On December 1, 2015, I've posted a chart of the Nasdaq 100 ETF, QQQ highlighting the trajectory to the 2000 tech bubble high. Here is an updated chart of the QQQ showing it is still on path toward the all time high level at 120.50. From the chart, barring any black swan event, one can estimate the target will likely be hit in January or early February of 2016. This historical milestone might trigger a climactic move that could resulted in a major market reversal.

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Monday, December 28, 2015

Another Round Of Holiday Cheers

For those that were waiting for Santa’s rally last week were not disappointed. Santa arrived just in time to spread the holiday cheers before Wall St shuts down for the Christmas holiday. Now Christmas had passed and the New Year is approaching, Wall St is getting ready for another round of holiday cheers to welcome in 2016.

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Saturday, December 19, 2015

Still Waiting

Last week, the FED raised the Fed Fund Rate for the first time in more than 7 years, and the market around the globe rallied off that news until it got back to NY the follow day, then a funny thing happened, the market started to fall. It gave up all the gains from the rate hike rally and more, and the SP500 had an 83 point swing last week and ended the week at 2005.55, a loss of 6.83 points or 0.34% from previous week. As Christmas holidays approaching, market participants are still waiting for Santa to show up and sprinkle some holiday cheers to get the end of the year rally going. Looking at the recent internals, there appears to be some divergence that could be pointing to a Santa's Rally to commence very shortly, just in time before the holiday break.

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Wednesday, December 16, 2015

FED Decided To Hike

The FED has decided to hike the rate by a quarter of a percent, 0.25% today. The market has essentially pinned the FED into the hole it has dug for itself, and it is more like damn if you do and damn if you don't. The FED didn't have much of a choice but to raise even with the backdrop of an impending recession. Now the market will celebrate for a while until it realizes the potential ramification of the rate hike will have on the economy. For now, it's onward to 2016 and Santa rally time!

Here are some DOW stocks you might want to watch for possible year end move.

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Tuesday, December 15, 2015

Market & Stock Updates - 12/15/2015

Here is a look at some of the levels for the market indices and momo stocks before the interest rate annuncement from the FED. Stocks being covered in the video are: AAPL, FB, NFLX, AMZN, GOOGL, BABA along with these index ETFs: SPY IWM & QQQ.

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Sunday, December 13, 2015

Oil Prices

Everyone is calling for lower oil prices and with the level on oil inventory along with 'don't stop the pump' from Saudi Arabia, it is logical to expect lower prices. After all, it is the first law of economics; supply and demand! But as most things in life, it is not so black and white. There are always external factors that make everything ideal to be more reality, some people call them second order effects and I call them unintentional consequences. Whatever one might call these external effects, they do alter the pricing equation based on supply and demand. For oil, it is what one might call "Geopolitical effects."

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Friday, December 11, 2015

Hike Or No Hike

If you have listened to all the talking heads speaking about the possibility of a rate hike from the upcoming FOMC meeting, you might have walked away thinking the rate hike from the FED is a foregone conclusion. After next Wednesday, it will be a foregone conclusion on whether the FED did or did not hike the interest rate. But in the meantime, here are some charts for you to muddle a bit and see if indeed it is a foregone conclusion that the rate hike is imminent.

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Tuesday, December 8, 2015

Are You In?

Looks like not everyone is in on the rate hike. Are you?

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Gold Miners Updates

Here are the updates for the miners that were discussed in this post "Gold Miners" for possible swing long. Click on the chart to enlarge the image to read the commentary.

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Sunday, December 6, 2015

Market Updates - 12/6/2015

As the last FOMC meeting for 2015 approaches, the market will once again try to position to what it believes to be the probable interest rate move from the FED. Next week the retail sales & consumer sentiment report will give the market a glimpse on how the Christmas season might turn out for the retailers.

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MOMO Stock Updates - 12/6/2015

In this video, a review of the recent price action and the price levels to watch for the following stocks: AAPL, FB, AMZN, NFLX, GOOGL, TWTR, TSLA, IBB, BABA.

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Friday, December 4, 2015

Market Update - 12/3/2015

Market continues its pullback and testing its near term support. On a larger time frame, the market still appears to be trending higher. Signs of weakening breadth started to appear, but the presence of weakening breadth doesn't mean the market cannot continue to move higher. The market typically halt its ascend after a euphoric or a climactic move followed by a narrowing one last grasp of a new high. At the present, the market appears to be setting up for a euphoric move more than it appears to be setting up for a roll over. In regardless what the market breadth is saying or whatever the fundamental is projecting, the price behavior will ultimately inform the attentive participants what lies ahead.

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Thursday, December 3, 2015

Gold Miners

Recent low made by some of the gold miner stocks could be setting up for a bounce back toward previous pivot high. Here are a few of these mining stocks.

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Tuesday, December 1, 2015

New All Time High For MSFT?

Will MSFT make a new all time high when the QQQ tag the tech bubble high? Here's a monthly chart of MSFT. You make the call!

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How's Russell?

Here is a weekly chart of the Russell 2000 ETF, IWM. How does it look to you?

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What Do You See?

Here is a weekly chart of the SPY with a revised price channel extending from 2009 to the present. What do you see? An imminent breakdown or a potential new high?

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Trajectory: Tech Bubble All Time High

Here is a monthly chart of the QQQ showing it is on a trajectory toward the tech bubble all time high made in March of 2000.

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Monday, November 30, 2015

Something To Take Notice!

Market displayed a divergence with the A/D line on the last SPX pull back to 2020ish level. The bounce off from this latest pull back failed to exceed pre-pullback pivot high. As the current pullback is taking its course, the A/D line will be the key breadth indicator to watch. Near term potential support level for the SPX is near 2056 level on a closing basis, and the potential resistance is near the 2110 level.

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Wednesday, November 4, 2015

How High Can This Market Go?

Announcement: This will be my last blog post until after Thanksgiving. I will be away for a few weeks on my long overdue vacation. I will resume blogging after Thanksgiving. Until then, I wish you and your family a Happy Thanksgiving!

Since the September 29 close, the market has been on an upward trajectory that has made many market participants scratching their head and wondering how high this market can go without a pullback. The simple answer is, “It can go higher than anyone might believe.” In other words, don’t waste time focusing on how high the market can go, focus on how to ride the trend as long as it is here. The market will stop going higher when it has decided to stop rising. Simple as that!

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Sunday, November 1, 2015

Trade Monitor For WYNN

After a pull back from the recent earnings report, WYNN has found support at the low 60s. It been trending with a higher low and could be setting up a potential swing long opportunity.

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Weekly Market Recap & Stock Updates - 11/1/2015

A review of the market and the following stocks: AAPL, FB, AMZN, NFLX, GOOGL, TWTR, TSLA, IBB, GS, BABA.

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Wednesday, October 28, 2015

Stock Updates - 10/28/2015

An update for these stocks: AAPL, FB, AMZN, NFLX, GOOGL, TWTR, TSLA, IBB, BAC, MS, C, JPM & GS.

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Market Recap - 10/28/2015

Today was FOMC announcement day and as expected, no rate hike. Just moment before the announcement, the market was up with the DJI up more than 100 points. Within minutes, most of these gains were wiped out by the negative reaction to the FED statement stating it is worrying about the global slow down. As quickly as the market sold off, buyers step in and bought the market back up. At the close, the market ended higher than it was when the FOMC announcement came out. It is almost like the flip image of last FOMC announcement day in September.

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Sunday, October 25, 2015

Earnings Watch For Next Week

Next Tuesday, three high profile stocks will be reporting their Q3 earnings, and they are BABA, AAPL & TWTR.

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Breadth Improving

The NYSE A/D line has reached the July 20, 2015 level while the SPX has risen back to level near August 19, 2015. This shows the A/D has improved much more than the index, and that is a good sign if it continues. The new high/new low is also back above zero, that mean there are more issues making new 52 week high than 52 week low, another sign of improving breadth.

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The Big Channel

Here are the weekly charts of the indices showing price still trending within a multi-years price channel and holding above the support trendline.

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Friday, October 23, 2015

Market Continues To Move Higher

The market had another explosive day. One can say it was due to the possibility of more easing from the ECB or it’s just the funds saw it as an opportunity to load up after yesterday’s minor pullback. But whatever the reason might be, the market will always do what it wants to do and at the present, it wants to move higher.

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Wednesday, October 21, 2015

Market Recap & Stock Update - 10/21/2015

A recap of today's price action and an update for these stocks: AAPL, FB, AMZN, NFLX, GOOGL, TWTR, TSLA, FIT, GPRO.

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Tuesday, October 20, 2015

Market Recap & Stock Update - 10/20/2015

A review of the market and the following stocks: AAPL, FB, AMZN, NFLX, GOOGL, TWTR, TSLA, IBB, FIT & GPRO.

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What Level GS Might Be Targeting?

In this video, we will attempt to find clues to help us to determine where GS might be headed before this week’s OpEx. We will look at the recent price action of GS from different time frames to search for clues.

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Monday, October 19, 2015

Market Recap & Stock Update - 10/19/2015

A recap of today's market price action and an update on the following stocks: AAPL, FB, AMZN, NFLX, GOOGL, TWTR, TSLA, IBB, MS, JPM, BAC, C, GS.

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Sunday, October 18, 2015

The Significance Of September 28, 2015

What is the significance about September 28, 2015? I’m sure it has significance to many people in many different ways, but to the market, it could be the day when it made a corrective bottom for the recent corrective phase.

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Wednesday, October 14, 2015

Still Believe Rate Hike In 2015?

Look at the chart for the 20+ year treasury bond ETF, TLT. Do you still believe the FED will raise rate in 2015? The market doesn’t believe it will. Pay attention to the Q4 projections & guidance from companies reporting their Q3 earnings. Watch and listen for these key words; “cost reduction”, “reduce spending”, and the dreaded “workforce reduction” or “R.I.F” (Reduction-In-Force, a more politically correct acronym for ‘layoff’). The US economy is not ready for a rate hike, and the FED knows it. Its talk about a possible rate hike this year is just rhetoric.

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Monday, October 12, 2015

Market Recap & Stock Update - 10/12/15

A recap of the market & these momo stocks: AAPL, FB, AMZN, NFLX, GOOGL, TWTR, TSLA, IBB, JPM, SPY.

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Sunday, October 11, 2015

Weekend Market Recap & Stock Update - 10/11/2015

A review of the market and some stocks, and some potential price levels to watch for the coming week.

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Thursday, October 8, 2015

Market Recap & Stock Update - 10/8/2015

A recap of today's market action and an update on AAPL, FB, AMZN, NFLX, GOOGL, TWTR, TSLA, IBB, MS, JPM, BAC, C.

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Wednesday, October 7, 2015

Market Recap & Stock Update - 10/7/2015

A recap of today's market action and an update on AAPL FB AMZN NFLX GOOGL TWTR TSLA IBB.

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Tuesday, October 6, 2015

Market Recap & Stock Update - 10/6/2015

A recap of today's market & the following momo stocks: AAPL FB AMZN NFLX GOOGL TWTR TSLA IBB TLT UUP.

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Sunday, October 4, 2015

Weekly Market Recap & Stock Update - 10/4/2015

A review of the market & momo stocks: AAPL FB AMZN NFLX GOOGL TWTR TSLA IBB TLT UUP DX_F.

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Thursday, October 1, 2015

Market Recap & Stock Update - 10/1/2015

A brief update of the market and these momo stocks: AAPL FB AMZN NFLX GOOGL TWTR TSLA IBB.

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Wednesday, September 30, 2015

Market Recap & Stock Update - 9/30/2015

In this video, we will review the market and the following momo stocks: AAPL, FB, AMZN, NFLX, GOOGL, TWTR, TSLA and ETFs; TLT, UUP, IBB.

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Tuesday, September 29, 2015

Market Recap & Stock Update - 9/29/2015

In this video, a quick review of the market & an update on these stocks: AAPL FB AMZN NFLX GOOGL TWTR TSLA IBB.

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Monday, September 28, 2015

Market Recap & Stocks Follow Up - 9/28/2015

In this video, we will review the market indices and do a brief follow up on the stocks that were highlighted in last weekend's video. The stocks are: AAPL FB TWTR GOOGL AMZN NFLX TSLA & the biotech ETF, IBB.

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Sunday, September 27, 2015

Weekly Market Recap & Stock Review - 9/27/15

The market is still undecided on which way it wants to go in the near term. The SP500 could break below the 1913.85 level and go test 2014 October closing low, or it could break above the 1993.48 level and retest the 2040.24. In this video, we will take a look at the indices, IBB and the following momo stocks: AAPL, FB, GOOGL, AMZN, NFLX, TWTR & TSLA.

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Thursday, September 24, 2015

Stocks To Watch - 9/24/2015

Here are a few stocks to keep watch for potential quick long trade. Also see yesterday "Stocks To Watch - 9/23/2015" for more potential long candidates.

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Market Recap For 9/24/2015

Today, the market started out in negative territory and reached its low of the day after the first 2 hours of trading. The SP500 was down almost 30 points before it starts to stabilize. It started to turn upward after the Euro markets closed. From the breadth charts, the A/D (middle chart) started to turn around 11:00AM ET, half an hour before the Euro markets close. The U/DVOL (left side chart) started to turn at 2:00PM ET. The U/DVOL turned positive for a brief moment for the NYSE before the sellers came back at the close.

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Wednesday, September 23, 2015

Stocks To Watch - 9/23/2015

Although the market is in a general down trend, but there are some potential quick trade candidates for possible long position. Here are a few that might be setting up for some upside move.

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Tuesday, September 22, 2015

FB & Market Recap For 9/21/2015

The market finished mixed today. There were more decliners than advancers in the Nasdaq and the U/DVOL was slightly above 1.0. The NYSE didn’t perform much better than the Nasdaq, its U/DVOL ratio is also slightly above 1.0 while the advancers did lead the decliners.

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Sunday, September 20, 2015

Watch The Dollar!

The FOMC decided not to hike rate in its last meeting and the US dollar should start to come down. Although there are talks of possible rate hike by the end of the year, those talks will likely vanish after the Q3 earnings come out next month and showed how the strong dollar has negatively impacted corporate earnings. If there are any hints of possible spending cut and/or reduction-in-force (RIF or layoff) from reporting companies, that will further dismiss any thought on the possibility of a rate hike in 2015.

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Saturday, September 19, 2015

A Repeat Of 2011 For The Market?

In the recent weeks, the market has gone through a period of high volatility and violent fall which many participants might have not had experienced or have forgotten the 2011 time period.

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Thursday, September 17, 2015

Market Recap For 9/17/2015

The long awaited rate hike decision from the FED finally came and gone, and nothing has changed. The decision is to leave the rate at its current level. Reasons cited by the FOMC not to raise rate included the China slow down, the strong US dollar and low inflation due to low energy prices. So the guessing game continues as the talking heads still guessing there could be a rate hike before the end of this year. But based on timing and the reasons cited by the committee, the likely scenario is there won’t be a rate hike in 2015, and the next likely time frame for a rate hike is in March, 2016.

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Wednesday, September 16, 2015

Market Recap For 9/16/2015

The market didn’t wait for the FOMC rate announcement to launch a rally. Whether it was a short covering rally or a dead cat bounce, today's rally has the support from the breadth. In the NYSE, 3.6 billion shares were traded with up volume over down volume by a ratio of 8.27 to 1 and there were 1671 more advancing issues than declining issues. The Nasdaq U/DVOL ratio is 2.7 in favor of the up volume, and there were 682 more advancing issues than declining issues.

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Tuesday, September 15, 2015

Market Recap For 9/15/2015

Just when the doubters started looking at the October 2014 level again, the market turns around and make them look foolish, and worse yet, catching many of them on the wrong side of the trade. That’s why always trade what you see not what you believe. The market doesn’t care what anyone believes.

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Market Recap For 9/14/2015

The market started the new week in a narrow range. The SP500 ended the session with a loss of -8.02 points or -0.41% by closing at 1953.03. The near term overhead resistance remains to be the 12/16/14 close at 1972.56. The potential major near term resistance is the 3/11/15 close at 2040.24. The recent low near the 10/15/14 close at 1862.49 continues to be the major potential support.

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Sunday, September 13, 2015

Scenarios For The SPY - 9/13/2015

Last week, the SP500 ETF, SPY failed to move above the recent pivot high at 199.84. It opened near that level on Wednesday and was rejected immediately and ended the session with a 1.39% loss or -27.37 points. For the remainder of the week, it simply fluctuated within a narrow range between the 194.85 and 196.90 levels.

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Friday, September 11, 2015

Trade Discussion - AAPL & FB

In this video, some intraday trade setup and trade management techniques are discussed. The stocks used in this discussion are AAPL & FB.

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Thursday, September 10, 2015

Market Recap For 9/10/2015

The market continues with its volatile behavior. Today, it opened slightly down and then it went positive after the first hour of trading. It reached its high of the day around 1:30 PM ET, and then the afternoon pullback begins. Today the breadth is neutral, with a U/DVOL ratio of 1.3 for the NYSE and 1.9 for the NASDAQ favoring the UVOL. The A/D is also in the neutral zone with 233 advancers over the decliners in the NYSE and 403 advancers over the decliners in the NASDAQ.

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The Obvious And The Not So Obvious

Beware of the obvious. You won't get an edge with the obvious in the market. The market rarely will do the obvious as it will fool most of the people most of the time.

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Wednesday, September 9, 2015

Market Recap For 9/9/2015

After a day of huge gain, the market did a reversal today. The market started to fade and slowly gave back the opening gains shortly after the open. After the lunch hour, the pace and the vigor of the selloff increased. The DJI gave back almost half of its previous day’s gain. It lost -239.11 points or -1.45% at the close. The total traded volume in the NYSE is approximately the same as previous session. The NYSE traded 3.59 billion shares, and the Nasdaq traded 3.51 billion shares. The U/DVOL ratio is 5.30 for the NYSE and 2.7 for the Nasdaq, both favoring the down volume. The declining issues led the advancing issues by 1561 and 1051 for the NYSE and the Nasdaq respectively. In today’s session, there were 64 stocks traded in the NYSE and 54 stocks traded in the Nasdaq made new 52 week low.

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Tuesday, September 8, 2015

Market Recap For 9/8/2015

Just when the majority of market participants are dreading and expecting the market to move lower, and some participants are even certain that the next stop for the market will be the recent low, the market exert itself and reminded everyone who is the boss. Instead of a continuation from last Friday’s selloff, the DJI gained 390.30 points or 2.42% and ended today’s session at 16,492.68, second best day of 2015. The up volume overwhelmed the down volume by a ratio of 7.5 to 1 in the NYSE, and a ratio of 5.9 to 1 in the Nasdaq. The advancers outnumbered the decliners by 1800 and 1498 for the NYSE and Nasdaq respectively. Not to be outdone, the Dow Jones Transportation index put in a higher high and moved above the resistance level posed by 7/8/15 close at 8002.54. Does this mean the recent downward move is over? The answer to this question is, “Only time will tell.” Until the breadth has improved and the market has moved above resistance levels, one should keep watching and keep listening to the market for clues on the direction of the next move.

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Stock Watch - Week Of 9/8/2015

Here are some stocks that might be setting up for a possible move up in the coming days: P, TWTR, URBN, GLW, HIMX, DAL, JBLU, TASR, MU, ALKS, OAS.

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Monday, September 7, 2015

SP500 Weekly Recap - 9/7/2015

Last week, the market didn't change much. It has continued to liquidate. Friday’s pull back wasn’t a surprise after a shooting star doji from Thursday’s price action. The negative tone of the market continues to resonate after the August job report.

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Thursday, September 3, 2015

Market Recap For 9/3/2015

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

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Wednesday, September 2, 2015

Market Recap For 9/2/2015

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

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Tuesday, September 1, 2015

Market Recap For 9/1/2015

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

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Monday, August 31, 2015

Market Recap For 8/31/2015

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

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Sunday, August 30, 2015

Weekly Market Recap For 8/30/2015

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

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Thursday, August 27, 2015

Market Recap For 8/27/2015

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

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Market Recap For 8/26/2015

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

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Tuesday, August 25, 2015

Market Recap For 8/25/2015

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

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Monday, August 24, 2015

Market Recap For 8/24/2015

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

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Sunday, August 23, 2015

Weekly Market Recap For 8/23/2015

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

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Thursday, August 20, 2015

Market Recap For 8/20/2015

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

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Wednesday, August 19, 2015

Market Recap For 8/19/2015

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

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Tuesday, August 18, 2015

Market Recap For 8/18/2015

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

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Monday, August 17, 2015

Market Recap For 8/17/2015

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

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

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Sunday, August 16, 2015

Weekly Market Recap For 8/16/2015

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

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Thursday, August 13, 2015

Market Recap For 8/13/2015

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

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Wednesday, August 12, 2015

Market Recap For 8/12/2015

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

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Market Recap For 8/11/2015

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

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Monday, August 10, 2015

Market Recap For 8/10/2015

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

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Sunday, August 9, 2015

MOMO Stocks Update - 8/9/2015

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

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Weekly Market Recap – 8/9/2015

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

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Thursday, August 6, 2015

Market Recap For 8/6/2015

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

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Wednesday, August 5, 2015

Market Recap For 8/5/2015

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

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Tuesday, August 4, 2015

Market Recap For 8/4/2015

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

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Monday, August 3, 2015

Market Recap For 8/3/2015

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

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Sunday, August 2, 2015

Weekly Market Recap – 8/2/2015

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

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Thursday, July 30, 2015

Market Recap For 7/30/2015

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

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Wednesday, July 29, 2015

Market Recap For 7/29/2015

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

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

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

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Monday, July 27, 2015

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

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

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Sunday, July 26, 2015

Weekly Market & Stocks Update - 7/26/15

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

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

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Thursday, July 23, 2015

Market Recap - 7/23/2015

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

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Wednesday, July 22, 2015

Market Recap - 7/22/2015

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

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Market Recap - 7/21/2015

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

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Monday, July 20, 2015

Market Recap - 7/20/2015

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

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Sunday, July 19, 2015

Market & Earnings - 7/19/2015

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

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Saturday, July 18, 2015

An Analysis Of BABA - 7/18/2015

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

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Friday, July 17, 2015

Market Recap - 7/17/2015

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

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Thursday, July 16, 2015

Market Recap - 7/16/2015

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

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Wednesday, July 15, 2015

Market Recap – 7/15/2015

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

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Tuesday, July 14, 2015

Market Recap – 7/14/2015

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

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Monday, July 13, 2015

Stocks & Market Review - 7/13/2015

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

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Sunday, July 12, 2015

Pharma Stocks & More - 7/12/2015

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

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

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Not Much Has Changed

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

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Wednesday, July 8, 2015

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

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

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Sunday, July 5, 2015

A Scenario For The SP500

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

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

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

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Sunday, June 28, 2015

Stocks & Market Review - 6/28/2015

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

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Tuesday, June 23, 2015

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

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

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Monday, June 22, 2015

Stocks On Watch - 6/22/2015

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

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Sunday, June 21, 2015

Stocks & Market Review - 6/21/2015

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

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Saturday, June 20, 2015

Is A New All Time High Coming?

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

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Friday, June 19, 2015

Stock Review - 6/19/2015

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

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

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Saturday, June 13, 2015

Stocks & Market Outlook - 6/13/2015

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

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

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Tuesday, June 9, 2015

Market Continues To Gyrate

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

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Sunday, June 7, 2015

Stocks & Market Outlook - 6/7/2015

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

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Wednesday, June 3, 2015

Stock Updates - 6/3/2015

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

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Sunday, May 31, 2015

Deception From The Obvious

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

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Tuesday, May 26, 2015

Stock Market Review - 5/26/2015

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

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Monday, May 25, 2015

A Follow Up

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

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Listen To The Message

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

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Wednesday, May 20, 2015

Stocks To Watch For 5/21/2015

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

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Tuesday, May 19, 2015

Suspicious Record High

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

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Monday, May 18, 2015

Stock Watch - Potential Movers

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

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Sunday, May 17, 2015

Stock Watch - 5/17/2015

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

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Market Review - 5/17/2015

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

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Sunday, May 10, 2015

The Next Catalyst

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

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Sunday, May 3, 2015

Stocks To Watch - 5/3/2015

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

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Market & Stocks Review - 5/3/2015

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

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Sunday, April 26, 2015

AAPL Pre-Earnings Review - 4/26/2015

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

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

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Stock Market Watch - 4/26/2015

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

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Thursday, April 23, 2015

Stock Watch For 4/24/2015

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

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Sunday, April 19, 2015

Busy Earnings Reporting Week Coming Up

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

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Thursday, April 16, 2015

Charts Posted On Twitter Today - 4/16/2015

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

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Tuesday, April 14, 2015

Interesting Energy Stocks

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

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Monday, April 13, 2015

Quick Look At FB

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

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The Market Reveals

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

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Saturday, April 11, 2015

Stock Market Review – 4/11/2015

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

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Sunday, April 5, 2015

How The Market Enters Into A Correction

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

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Monday, March 30, 2015

Putting Crude Oil Aside

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

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Sunday, March 29, 2015

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

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

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Saturday, March 28, 2015

Time To Look At Home Builders?

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

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Saturday, March 21, 2015

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

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

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Thursday, March 19, 2015

Post Market Stock Charts For 3/19/2015

Here are some notable stock charts to watch.

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Monday, March 16, 2015

Notable Charts To Watch - 3/16/2015

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

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Sunday, March 15, 2015

Today's Posted Charts - 3/15/2015

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

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

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

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

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Saturday, March 14, 2015

How High Will The Dollar Go?

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

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Sunday, March 8, 2015

Stocks Review - 3/8/2015

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

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Stock Market Review - 3/8/2015

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

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Saturday, March 7, 2015

Here's What To Watch On AAPL

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

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Thursday, March 5, 2015

Charts Posted On 3/5/2015

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

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Wednesday, March 4, 2015

Charts Posted On 3/4/2015

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

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Monday, March 2, 2015

Charts Posted Today

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

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Sunday, March 1, 2015

Weekly Stocks & Market Review - 3/1/2015

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

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Saturday, February 28, 2015

What You Might Have Missed

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

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Wednesday, February 25, 2015

Stock Watch - 2/25/2015

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

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Sunday, February 22, 2015

It's No Different This Time

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

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Monday, February 16, 2015

The Market Kept Its Words

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

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Wednesday, February 11, 2015

Projected Price Targets For ER - 2/11/2015

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

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Tuesday, February 10, 2015

What’s Next For Gold?

Since the November 2014 low, gold has gained more than 15% before the recent pullback to the 1236 level. The November low was 1130.40 and the recent high was made on 1/22/2015 at 1307.80. Looking at the recent daily price chart, it shows the price has pullback and found support near the 38.2% Fibonacci retracement level at 1221. Presently, it appears to be consolidating within the Fibonacci retracement zone between the 38.2% and 61.8%. If the price moves above the 61.8% (1255.60), then a retest of the recent high at 1307.80 (100% Fibonacci retracement) is a possibility along with the 1346 level which represents the 127.2% Fibonacci extension. The Fibonacci 127.2% is also in confluent with the 7/10/2014 intraday high of 1346.80.

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Sunday, February 8, 2015

Market Wants To Go Higher

Here is a review of the market along with the following stocks: AAPL, NFLX, GPRO, BABA, FB, TWTR, TSLA, AMZN, GOOGL, GS, BAC, XLF, XLE, CRUDE OIL (CL_F), GOLD (GC_F).

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Sunday, February 1, 2015

Weekly Stocks & Market Review - 2/1/2015

Here is a look at the market and these MOMO stocks: AAPL, NFLX, GPRO, BABA, FB, TWTR, TSLA, AMZN & GOOGL.

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Saturday, January 31, 2015

What Is The Breadth Telling Us - 1/31/2015

In this video, I will demonstrate how I use some of the market breadth indicators and how to get some clues on where the market might be headed.

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Wednesday, January 28, 2015

Magic Number For AAPL

Now that Apple has reported its earnings, I’m sure there will be numerous analysts issuing their revised stock price target for Apple in the coming days. Here is my magic number for AAPL based on my technical analysis.

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Tuesday, January 27, 2015

Some Notable Twitter Post -1/27/2015

In case you might have missed it, here are some of the post I've made on my twitter stream today that might be of some interest to you.

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Monday, January 26, 2015

Gold Outlook - 1/26/2015

After the recent breakout from the declining trendline and a move above the 1221 level, price of gold has risen to a high of 1307.80 before it pulls back to consolidate some of the gains. Historically, gold has acted as an inflation hedge or a safe haven asset. From recent US inflation data and the ECB concerns on deflation, the recent increase in gold prices cannot be attributed to inflation concerns. Therefore, the only other viable reason for the price of gold to rise is due to some possibility of a black swan event that caused money to seek gold as a safe haven.

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Saturday, January 24, 2015

Large Cap Tech Stock Earnings Week - 1/24/2015

In this video, we will take a look at the market along with some of the large cap tech stocks scheduled to report earnings next week, such as AAPL, FB, AMZN and GOOGL, In addition, we will take a look at GPRO, TSLA, TWTR and NFLX.

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Thursday, January 22, 2015

Another Beginning?

The US market started with some hesitation after the ECB announced its QE program today. In the afternoon, momentum starts to gather and the market finally start showing some conviction and pushed the DJIA to close with a gain of 259.70 (1.48%) at 17.813.98, the SP-500 gained 31.03 (1.53%) and closed at 2063.15, while the Nasdaq 100 closed at 4270.36 with a gain of 78.27 (1.87%), and the Russell 2000 closed at 1190.37 with a gain of 24.12 (2.07%). Today’s rally could be the beginning of the next upward move that could propel the DJIA to another all time closing high.

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Wednesday, January 21, 2015

Energy Watch - 1/21/2015

A quick look at some of the energy stocks that could present some near term swing long trading opportunities.

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PXLW Breakout

Here is a chart of PXLW as it is breaking out from its baseline near 4.80

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Chronology Of GPRO Price Action

Here is the chart depicting my recent observations on GPRO price actions.

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Tuesday, January 20, 2015

NFLX Post Earnings Review - 1/20/2015

Here is a quick look at NFLX after it has reported its earnings. In addition, a quick recap on AAPL & BABA.

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Monday, January 19, 2015

Weekly Stocks & Market Review - 1/19/2015

Here is a look at the market and some MOMO stocks: AAPL, BABA, NFLX, FB, TWTR, TSLA, AMZN & GOOGL.

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Sunday, January 18, 2015

Gold Outlook - 1/18/2015

Here is a look at some of the potential price levels for gold.

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Was Gold Sending Us Warning?

Was gold trying to warn us of something bad is about to happen?  Was it trying to warn us about the Swiss' currency move?  Is it still warning us on other disruptive things that might be taking place?  Who know, only time will tell.  But here are some of my tweets on twitter as I follow the price action of gold:

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Monday, January 12, 2015

Gold Miners Trade Update - 1/12/2015

Here is the latest update for the trade setups posted on December 30, 2014.

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HOV Trade Setup - 1/12/2015

Here is a setup for a potential swing long on HOV. This setup is based on bounce off supporting trendline, a break from engulfing candle, and a breakout from upper declining trendline. Black dash line is the trigger level, red dash line is the reference stop level, and the blue lines are the potential targets.

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A Possible Low For Oil

Nowadays, it seems like everyone is obsessed on guessing how low the price of oil will go. Just like it was back in 2008 when everyone is guessing how high oil prices will go.

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Thursday, January 8, 2015

Another 'V'ersal?

Are we watching another 'V' reversal triggered by the FED? Only time will tell. But for now, here is what has transpired, and some levels to watch along with a few stock setups for possible swing long. Here are the links for the setups I have tweeted on my twitter stream earlier today: CYBR & FB

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CYBR Trade Setup - 1/8/2015

Here is a revised swing long setup for CYBR. This setup is based on bouncing off support trendline and breakout from engulfing candle. Red dash line is reference level for stop, black dash line is the trigger level, and the blue dash line is a possible target.

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FB Trade Setup - 1/8/2015

Here is a swing long trade setup for FB. This setup is based on a bounce of support from the long term trendline and the breakout from the the engulfing candle high. The red dash line is a reference level for establishing stop, black dash line is the trigger level, and the blue dash line is a possible target level.

Note: at the time of this posting, FB has moved above the trigger level.

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Wednesday, January 7, 2015

10,000 Feet High

The table below is a summary of my 10,000 feet level view of the market.

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Monday, January 5, 2015

Gold Miners Setup Update - 1/5/2015

Today, 3 of the 5 setups from our gold miners setup list posted on December 30, 2014 got triggered. In this video we will review the two ETF and a mining stock that have triggered. They are NUGT, GDXJ and AU.

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Sunday, January 4, 2015

Prepping For 2015

Happy New Year everyone! Hope everyone had a great 2014 and wish everyone a profitable 2015.

In this video, we will take a look at the market's recent price actions and what to monitor, then review some of the recent swing long setup for DDD and some of the gold miners, and finally review the following momo stocks: AAPL, BABA, NFLX, FB, TWTR, TSLA, AMZN, GOOGL. The mining stocks covered in this video are: NUGT, GDXJ, ABX, AU, AUY.

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Saturday, January 3, 2015

Revival Of The PC

One of my thesis for 2015 is it will be the year of PC. This might be a bit surprising, but yes, PC! A new PC upgrade cycle could begin in 2015 and last well into 2016.

After Apple introduced the iPad, there were many predictions on how the tablet will replace the PC. Although the PC sales have been stagnant in the last few years, but that was not due to tablet taking market shares away from the PC market, it was primary due to some blunders made by Microsoft and partially due to the US recession.

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Friday, January 2, 2015

DDD Trade Setup - 1/2/2015

Here is a potential swing long setup to watch for DDD. The red dash line is the reference level for establishing stop loss, the black dash line is the trigger level, and the blue line is a possible price target. This is a breakout from resistance setup with a potential gap fill as the price target.

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