Wednesday, April 30, 2008
April Starts With a Bang, Ends With a Whimper
Two Hours To Fed
Tuesday, April 29, 2008
Fed Announcement on Wednesday
Remember, the unemployment and non-farm payrolls reports on Friday morning.
POT, MOS, MON and AGU fell sharply for the second straight day. MON even fell below its 30 DMA. Today’s Action Moving Up BIDU, AAPL, GS, PCLN, SOHU, IBM Moving Down MTL, POT, MON, CF, CLF, MOS, AGU, SCHN, CNX, MEE, IPI, ESRX, NUE, FWLT, X, AMZN Intermediate Term Market Trend: Neutral Short Term Market Trend: NeutralMonday, April 28, 2008
Market Neutral as Traders Wait for Fed
Saturday, April 26, 2008
Strong Support Bounce in Leading Stocks Amidst Mixed Market
Friday, April 25, 2008
MSFT Leads Dow and Nasdaq Lower in Early Trading
Markets Move Higher on Thursday
Wednesday, April 23, 2008
Semiconductors Gain As BRCM Soars 16%, IPI Goes Public
Intrepid Potash (IPI), IPO priced at 32, closed at 49.01 on its first day of trading. IPI based in Denver is the largest producer of potash in the U.S. Another POT?
Thursday's Earnings - BMO - POT, MMM, BDK, MOT, NIHD, PEP - AMC - AMGN, BIDU, BUCY, CF, DECK, KLAC, WFR, PCU
Today’s Action Moving Higher ESRX, CHRW, AMZN, GRMN, CELG, FWLT Moving Lower FSLR, POT, MOS, AGU, MTL, CF, MON, MER, JASO, DECK, MEE, CLF, LEH Intermediate Term Market Trend: Neutral Short Term Market Trend: Neutral
Tuesday, April 22, 2008
Oil Closes At All-Time High, Markets Pull Back
Monday, April 21, 2008
30 Minutes Before the Close
Sunday, April 20, 2008
Dow Closes Above Resistance
If the DJIA breakout holds look for the other indices to follow. Also the Dow chart pattern is forecasting a price target of 13,750 if this is a successful breakout.
Many individual stocks had large moves on Friday. Friday’s ActionFriday, April 18, 2008
Dow Breaking Resistance
ALERT - Watch For a Resistance Breakout and Possible Change in Intermediate Term Trend
Thursday, April 17, 2008
GOOG, BIDU Jump Big in After Market Trading, Financial Stocks Rise
Wednesday, April 16, 2008
Now That's a Continuation of the Support Bounce...
Tuesday, April 15, 2008
A Support Bounce - INTC Moves Big In After Market Trading
Monday, April 14, 2008
Saturday, April 12, 2008
Markets Break S1 Short Term Support Level In A Big Way
Friday, April 11, 2008
Markets Break Last Tuesday's S1 Support Level
Thursday, April 10, 2008
Welcome To A Trading Range
The rumor is that someone is not enjoying the trading range and it has decided to stay around until everyone gets with the program. It is what it is and you might as well focus on trending stocks and avoid the trading range stocks for now.
Brokerage stocks GS, LEH, MER, MS moved lower today Today's Action Support Bounce AAPL, CELG, CHL, DECK, EBAY, IBM, ISRG, NKE, SLB DIA, FXI, QQQQ Moving Higher MOS, POT Breakout BRCM, MTL Unconfirmed Bullish Harami AMZN, FWLT, XHB Intermediate Term Market Trend: Neutral Short Term Market Trend: NeutralAAPL Support Bounce
Markets Rally
Wednesday, April 9, 2008
Markets Move Below Daily Lows of the Last Five Days
Stocks To Watch
Indicies Breaking Below Daily Lows
Indices Slightly Lower in Pre-market Trading - Stocks to Watch This Morning
Tuesday, April 8, 2008
Five Days and Counting...
Pullbacks AAPL finally cooled down and pulled back $3.05 today. Look for a potential support bounce trade to set up here. BIDU, EXPE, FSLR, NSM, STLD, STRA Intermediate Term Market Trend: Neutral Short Term Market Trend: Up
Futures Down Before Markets Opens
Monday, April 7, 2008
Still...Holding Near Resistance
Markets Positioned for Potential Breakout
Sunday, April 6, 2008
Want To Understand Why Coming Soon...
Saturday, April 5, 2008
Market Still Holding at Resistance
Friday’s Action AAPL continued to move higher ISRG potential support bounce setup AFL potential support bounce after return move on ascending triangle breakout Stocks Moving Higher on Thursday had mixed results on Friday with several stocks pausing after big moves and other stocks continuing to move higher IYR -1.14, -1.63% potential bearish Harami forming MON +1.51, +1.29% doji NSM -0.07, -0.35% POT +3.32, +1.92% RIMM -2.59, -2.11% a typical pause after earnings SNDK -0.63, -2.39% potential bearish Harami WYNN -3.56, -3.06% potential bearish Harami X +2.79, +2.02% Support Bounces from Thursday DE +2.74, +3.30% MOS + 10.55, 10.09% announced record earnings Unconfirmed Bearish Harami from Thursday EXPE -0.14, -0.56% JASO +3.28, +16.69% Most of the unconfirmed bearish Haramis we have posted this week have not confirmed the following day. This is a sign of short-term technical strength.
Intermediate Term Market Trend: Neutral Short Term Market Trend: UpFriday, April 4, 2008
Markets Moving Above Tuesday's Highs
Want To Better Understand Why?
Indices Holding Above Support
Jobs Report Worse Than Expected - Futures Up
Thursday, April 3, 2008
Markets Inch Higher In Front of Jobs Report
Markets Holding Just Below Recent Highs
Wednesday, April 2, 2008
Markets Exhale After Big Gains
Markets Pause and Catch Their Breath
Tuesday, April 1, 2008
No Foolin' All Day Long - A Huge Short Term Trend Change
In addition to AMZN, IBM, PCLN, PRGO posted 30 minutes before the close the following charts had signals. Support Bounce ADBE EWT EWZ FWLT MDY SHLD TSN WY Support Bounce and Breakout AIG – Inverse Head & Shoulder DIA IWM IYR QQQQ SPY WYNN Breakouts AMLN EBAY ESRX FSLR ISRG X XLI WMT 30 DMA Breakouts AXP EXPE FXI EEM EWH NVDA SNDK WFMI Intermediate Term Market Trend: Neutral Short Term Market Trend: Up