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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