Stock Watch - 6/29/2014

Here are some stocks to watch for possible swing long in the coming week: HIMX, ONNN, AZO, ORLY, GES, TIF, JCP, MCD, GTAT, CREE, GRPN, ZNGA & ANGI.

Something For Everyone

Lot of stocks from different sectors are poise to move higher. Here are some of those stocks from various sector.

The fertilizer sector appears to be waking up after a prolong decline.

Too Many To Choose

The market continues to make new all time high and stocks are on the verge of making new 52 weeks high. There are so many stocks in every sector displaying price action that can propel them into new 52 week or new all time high. There are simply too many stocks to choose to go long, it is getting scarey.

The following video will review the market along with highlighting some of the stocks that have the possibility of breaking out to new high.

These are the stocks being reviewed in the video: JPM BAC C GS MS TLT TBF JNK GM F WMT URBN TJX RL TIF KKD DNKN YUM MCD GLD GDX ABX GOLD GG GFI AOL GOOG HPQ AAPL FFIV PCLN NFLX BRCD JDSU YOKU LULU CRM

Flirting With New High

After the initial pullback from the Cyprus banking problem, the market came roaring back and flirting with making another new all time high. While many disbelieved market participants and talking heads looking for a correction, the market continues to move higher with good breadth. The market will not be near a top until the market breadth starts to deteriorate.

Here is a video reviewing the market indices and a follow up review on the stocks that were highlighted from previous video.



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

Waiting For A Catalyst

The market has been making new all time high as market participants wait for the long overdue correction or pullback. So far, every little dips were met with buyers. The market does not appear to be looking for a catalyst to move higher; instead, it is waiting for a catalyst to selloff. The breadth of the market has not deteriorated even though the market is extended. Until those breadth indicators start showing signs of shifting from strength to weakness, the market will continue to grind higher.

During this weekend, a development in the Euro zone is being play out and that could be the catalyst or the excuse the market has been waiting for to start the long awaited correction. No one will know how the market will open next week, but as a trader, one can only trade based on price actions and not on believes. Here is a video highlighting the price actions of the market indices and some stocks that show potential trade possibilities going forward.

Continue to exercise caution and trade defensively. Wait for the setup and the trigger. Do not attempt to outguess the market!

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



Correction: ORCL is attempt to make a new multi-year high, not a new all time high.