Patience

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

Stock Chart Updates - 9/3/2014

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

Consolidating Today's Charts

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

Stock Watch - 6/20/2014

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

BBRY Earnings Watch

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


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

MOMO Stocks Update - 6/8/2014

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

Taking Advantage

As the market continues to pull back, wait for the market to tell you it is safe to re-enter longs. Do not try to take advantage of this pull back by being a hero and go bargain hunting. The bargains you find could turn out to be a much better bargain if the pull back turns into a major correction.

Stocks Pulled Back

Last Thursday, many stocks that have run up show some sign of upside exhaustion. Therefore, today's pull back/consolidation on many of those stocks should not be unexpected or surprising. The market ended down modestly. Although there are stocks making extraordinary gains such as those in the fuel cell sector and the biotech sector, one should not get into an emotional chase mode after these price move. More importantly, don't be greedy if you caught one of those trades.

Setting Up

After a huge run up since last Monday sell off, the market appears to be setting up for another pull back to digest the recent gains. Lot of stocks were showing short term upside exhaustion on Thursday. The prudent thing to do is to set the stops to protect the profits and prevent turning a winning trade into a losing trade. The market has not indicated it has made a top yet. Therefore, one should not be tempted to short this market when the pull back materializes.

Too Much Too Fast

Today the market opened with some strength but unable to really build on that opening strength. Similarly with many stocks, lot of them pulled back from their high of the day (HOD) and many of them even went below their opening price. It appears the recent run up is too much and too fast, and that made it very tempting for those that bought it at lower prices to take profits.

Stock Watch - 3/5/2014

Here is a brief update of the price actions for MS, GS, BAC, GM, F, MU, HIMX, BBRY, JCP, AMD, YHOO, HPQ, AAPL, AMZN, FB, TWTR.

Expect The Unexpected

Once again, the market reminded us to expect the unexpected. When the Russia and Ukraine conflict flared up last Friday, everyone was expecting the market to sell off big time when trading resume this week.

Is A Squeeze Coming?

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

Stocks And Market Watch - 2/17/2014

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

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

Stocks And Market Watch - 2/6/2014

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

Stock Watch - 1/21/2014

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

The Buzz

Near the close of trading yesterday, BBRY was buzzing with news of the possibility auctioning off the company to multiple bidders. This buzz will likely help the technical to play out as it broke above the 10.70 baseline for a potential swing long.

The New Old AAPL & More

Here is a follow up review for some of the stocks that were reviewed earlier. One of them is AAPL. AAPL was on the verge of breaking out of the double bottom pattern. Today, AAPL made a move above the pivot near 472. Then later on the trading session, Icahn tweeted to let everyone know he has a sizable position on AAPL and he felt AAPL is very undervalued. This tweet has increased AAPL market cap by 25B (yes, with a 'B'). AAPL is currently trading like it use to trade...volatile with lot of buzz. This is the new 'old' AAPL.

Don’t Be Blinded By The Bias

As recent history has shown, the two most hated stocks are rewarding those that are willing to put their feelings (bias) aside and trade according to price action. The two stocks I’m referring to are FB and AAPL.

BBRY could be another one of those hated stock making a similar move. Don’t be blinded or influenced by all the chatters, whether they are positive or negative. Put away whatever bias you might have and trade what you see. How high can BBRY bounce off its recent low and how long will this move last? Who knows? As a trader, just trade it until it stops moving. As always, trade your plan.

MOMO Stock Review - 5/27/2013

Here is a look at where the price of AAPL, GOOG, AMZN, NFLX, BBRY and GS might be headed.

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