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Tuesday, February 28, 2006 

Dowjones breakdown the 11000 support level

Chart courtesy of stockcharts

U.S. stocks closed sharply lower today after Bad News from Google and a mixed economic data.
The Dow Jones Industrial Average was down 104.14 points at 10,993.41, the S&P 500 dropped 13.49 points to 1,280.63 and the Nasdaq Composite ended down 25.79 points at 2,280.98.
Google fell 7% to $362.62 after it warned investors its revenue growth rates would slow, CFO Reyes told an investor conference that Google's growth will depend on further audience gains or moves into new markets instead of relying on improvements in its mainstay Web search advertising business, which drives over 97 percent of sales.
The 11000 level was insufficient to stop the selling pressure, so keep attention for the next support level in the Dowjones at 10960.

That's All. Have a great evening.

AC

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21:36 | |

Monday, February 27, 2006 

Disney up on acquisition speculation

Chart courtesy of stockcharts

History of the day " Apple could buy Disney "

According to a report from Barron's on Saturday, Apple Computer could make a bid to buy Walt disney, See the full report here. Another news that could make some different for tomorrow trading, is that Microsoft could launch a new portable gadget that will compete with Apple Computer Inc.'s wildly popular iPod line, so keep attention in AAPLE stock.

Macro economic news

Sales of new homes in the United States fell 5% to a seasonally adjusted annual rate of 1.233 million in January, the lowest in a year, the Commerce Department said Monday.

That's All. Have a great evening and an excellent Carnival Night.

AC

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21:22 | |

Friday, February 24, 2006 

Nasdaq will breakout or breakdown ?

Chart courtesy of stockcharts

Next week will be the key week for Nasdaq, because important macro economic news as GDP will be reported and could give us the right direction of this market. According to chart above, Nasdaq is trading in a short term downtrend channel, that could be break soon, so next will be very important for the markets.

Macro economic news reported on Friday

New orders for U.S. made durable goods plunged 10.2% in January as aircraft orders dried up after three months of strength, the Commerce Department reported. The decline was the largest since July 2000 and far exceeded the 2.5% drop expected by economists surveyed by MarketWatch. Orders in December rose a revised 2.5%, up from 1.8% previously reported. January's orders were 5.7% higher than in January 2005.

Bad News from Saudi Arabia

Saudi security forces have thwarted an attempted suicide attack at an oil processing facility in Eastern Saudi Arabia. Crude oil jumped more than $2 a barrel and close at

Economic Calendar for next week

Monday - New home sales
Tuesday - Gross Domestic Product (GDP) ; Consumer confidence ; NAPM - Chicago
Wednesday - Personal Income ; Construction Spending ; ISM Mfg Index
Thursday - Jobless Claims
Friday - ISM Non-Mfg Index ; Consumer confidence

That's All. Have a great weekend and enjoy the Carnival !!!

AC


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18:44 | |

Thursday, February 23, 2006 

RAMBUS gained strenght to the upside

Chart courtesy of stockcharts

RAMBUS Big RUN !!!

Rambus gained momentum today after a positive note on the company UP more than 13%. Please see the full note Here. According to chart above we can see that RAMBUS breakout the 32$ resistance level with huge volume, so the next step will be the 35$. This stock is now with very Bullishs indications due to the movement of today.

Macro economic news of today

U.S. initial jobless claims fall by 20,000 to 278,000, some economists were expecting new claims to be steady at about 296,000.

Today hot stocks

FBR - Friedman Billings Ramsey Group posted a loss of $1.60 per share in the fourth quarter, compared to a profit of 51 cents a share in the same period last year.

GD - General Dynamics Corporation Prudential raised its rating to "overweight" from "neutral" and set a price target of $131.

MVL - said its fourth-quarter profit fell due to a one-time charge, but quarterly sales rose from the same period a year ago.

Important points of trading day for the analyses of the last posts:

HPQ - Breakdown the support 32.48 and close at 32.37 , next support 31.55

That's All. Have a great evening !!!

AC

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19:05 | |

Tuesday, February 21, 2006 

HEWLETT PACKARD - Profit taking

Chart courtesy of stockcharts

Shares of HEWLETT PACKARD fallen today nearly 5% after have done good gains during last week.
Profit taking could be the big reason of this decline, but keep attention if the stock breakdown the 32,48$ resistance level. The Fast line of the Full Sto Indicator crossover the slowline.

News of the Day

Fed Leaves Door Open to Interest Rates Hike

The Federal Reserve Open Market Committee decided in late January that it was close to stopping hiking interest rates, but a few more hikes might be needed to keep inflation contained, according to a summary of the meeting released on Tuesday. "Although the stance of policy seemed close to where it needed to be given the current outlook, some further policy firming might be needed to keep inflation pressures contained and the risks to price stability and sustainable economic growth roughly in balance," the FOMC said at its Jan. 31 meeting.
The next FOMC metting will be on March 28.

Energy close Prices

Natural gas closed at $7.731 up 7.6%
Crude for March closed at $61.10 up 2%
Crude for April closed at $62.60 up 2.1%

That's All. Have a great evening !!

AC

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19:18 | |

Sunday, February 19, 2006 

Dowjones with new Year High

Chart courtesy of stockcharts


Dear Visitor,

Please accept my apologies for the missing update information in the Blog during last week, but unfortunately I had some problems with my network.

Well, about the markets on Friday:

U.S. stocks closed lower on friday after inflation data confirmed that interest rates have further to rise, disappointing investors who had hoped for an imminent end to U.S. rate hikes.
The producer price index rose 0.3% in January and the core producer prices, which exclude volatile food and energy costs, rose 0.4%, the biggest gain in a year, the Labor Department reported also the U.S. consumer sentiment eased in early February as gasoline prices rose.

Dowjones during last week advanced 1.8% and it touched on Friday in a new year high at 11131.95.
According to chart above we can see that we are near of the top of the medium trend line and we can have during next week some retracement until 11.000 level, that is the support of the short term. The technical Indicators RSI and Full sto are showing very good Bullish conditions.

Have a great weekend.

AC


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16:24 | |

Tuesday, February 14, 2006 

BRCM confirmed breakdown

Chart courtesy of stockcharts

BRCM today have confirmed the downtrend after breakdown the 68$ area and touched in the gap left backwards after earnings. Take care, all indicators are showing bearish signals for the short-medium term MACD+Fullsto.

That's All. Have a great evening !!

AC

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21:51 | |

Monday, February 13, 2006 

NVIDIA - competition will increase from ATI

Chart courtesy of stockcharts

NVIDIA today have announced that Fujitsu Siemens Computers, has selected the NVIDIA nForce Professional 2200 and 2050 media and communications processors (MCPs) and NVIDIA Quadro professional graphics for the Celsius V830 workstation.
Last Year was an excellent year for Nvidia because we saw small competition from ATI, but I think that this year will be different, the competition will increase and the margins for both companies can decrease, it's only my opinion. NVIDIA will report earnings on 16th February.
According to chart above we can see some resistance to break the 46$ level.
The indicators shows different cenariuos for the future, Full sto and MACD are Bearish but the RSI still Bullish.
Supports 1º medium term - 41$ 2º long term - 36$
Resistance : above 46$ none.
Short term resistance : 45$

That's All. Have a great evening !!!!

AC

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21:27 | |

Friday, February 10, 2006 

Network Appliance NTAP

Chart courtesy of stockcharts

NTAP will report there earning on February 15th , and some analysts expects a “solid” fiscal third-quarter. Network Appliance has provided guidance of earnings of 20 cents to 21 cents per share. The consensus estimate and the analyst’s estimate are 21 cents per share.
According to chart above this stock is trading in a Bull side since October, the indicators are showing some differents sides , RSI Bullish , MACD Bearish, Fullstoch. Neutral.
This stock has a support ( green line) near 29.70, and a short term resistance ( red line ) at 31.50.

Macro economic news

The U.S trade deficit reported today hits all-time High of $725.8 Billion during 2005 on Imports of Oil, food, cars and other consumer goods. The U.S trade deficit reflected the fact that imports rose by 12.9 percent to an all-time high of $2 trillion, swamping a 5.7 percent increase in exports, which reached a record high of $1.27 trillion.
The fourth straight record yearly deficit left investors wondering whether rising energy prices and higher import prices could spark domestic inflation.

More friday stocks news:

Mediocre profit outlook from Pfizer reported today disappointment investors. Stock down 2.51%.
MFE - Deutsche Bank upgraded MCAFEE to "buy" from "hold".

AOC - Aon Corporation said its fourth-quarter net income nearly tripled to $224 million, or 65 cents a share.

BYD - Boyd Gaming Corporation posted a lower fourth-quarter profit Thursday, but excluding certain items, the company's results beat Wall Street's estimates.

USA Markets close : Dow ended the Friday session with a gain of 36 points and close at 10,919 , Nasdaq ended up 6 points and close at 2,262 .

That's All. Have a great weekend !!!!

AC


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21:29 | |

Thursday, February 09, 2006 

KLAC double top and now ?

Chart courtesy of stockcharts

Today most technology stocks gave up their gains and closed with losses.
The Nasdaq Composite Index fell more than 11 points, to 2,255.
The Yesterday rally wasn't confirmed today, so the market can down more points from here.

KLAC
This stock is trading in a narrow triangle, so keep attention if this stock break the red line resistance or if break the green line support, this situation can happen in the next few days.
55$ is a big resistance, and only was touched two times in the last months so could be difficult to break, so Keep this stock in alert.
Support : 52$ resistance : 55$

That's All. Have a great evening.

AC


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21:37 | |

Wednesday, February 08, 2006 

Good trading day for Bulls

Chart courtesy of stockcharts

Strong earnings from PepsiCo Inc. and Cisco and also a rally in Pfizer Inc shares on a possible disposal of its consumer products unit contributed to a triple-digit gain on the Dow Jones, pushes the stocks up today. The Dow Jones industrial average surging 109 points, and close above MM50. We need to Up one more day with good volume to see a change in the sentiment.
Volume was 1.79 billion shares on Nyse and 2.2 billion shares on the Nasdaq.
According to chart above we can now run until the red line ( downtrend resistance ).

That's all for me. Have a great evening.

AC

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22:01 | |

Tuesday, February 07, 2006 

Disney - Earnings beat expectations

Chart courtesy of stockcharts

Today Disney shares Up more than 7% and close with new year high at 26.71, after the company reported unexpected growth in first-quarter earnings thanks to strong performances at its parks and broadcast networks. Disney's earnings were boosted by strong performance from broadcast networks as well as from its parks and resorts. In broadcasting, sales were up 9% while operating income nearly doubled to $234 million from $125 million.
This upside movement was done with a huge volume, and now all indicators shows a potencial upside from here.
Prudential reiterated her overweight rating for Disney shares, but raised her stock price target to $36 from $34.
Resistances that we can find after this movement : 26.79
Supports : 26.27 ; 25.38

That's All. Have a great evening !!!

AC



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21:22 | |

Monday, February 06, 2006 

Intel can rebound from these levels

Chart courtesy of stockcharts

The Tech giant Intel down more than 15 % since the report of there earnings, so now I think that we have some space to go Up from here, it still a very strong company. According to chart above INTC is in a very oversold conditions and looks like MACD histogram is turning up, so we can rebound from this lows, the volume also have decreased in the downside, so keep attention in this stock.

Today hot stocks

Alcoa - Was upgraded by JP Morgan to "overweight" from “neutral.”
GM - GM board may vote for a dividend cut at its meeting Monday.

That's All. Have a great evening !!!!

AC

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19:45 | |

Sunday, February 05, 2006 

Nasdaq technical Bearish

Chart courtesy of stockcharts

U.S. stocks ended lower Friday, capping a week of losses for the market after the Federal Reserve left open the possibility of further interest-rate increases. The Nasdaq Composite Index fell 18.99 points to 2,262.58, closing below the MM50 for the first time since November, really a bad signal for the Bulls. According to chart above the Nasdaq is now technical in a bad situation with all indicators showing Bearish signals as MACD , Fullsthocastic and RSI.
The Lastest news about Iran will go pressure the markets due to all uncertainty with this big problem, so next week could be one week decisive to decide the direction of the markets in the short-medium term.

That's All. Have a great weekend !!!

AC

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14:40 | |

Thursday, February 02, 2006 

AMAZON profit fall last quarter

Chart courtesy of stockcharts

AMAZON reported today after the market closed a fourth-quarter net earnings of $199 million, or 47 cents a share, compared with $347 million, or 82 cents a share, in the year-ago period. The revenue rose to $2.98 billion from $2.54 billion last year, but below the analysts estimates of $3.08 billion. In after Hours shares of AMAZON down near 9%.
Amazon also said that it expects to generate sales between $9.85 billion and $10.45 billion in 2006, in line with analysts' estimates.
According to Sell Off in after Hours we can see in the chart above a possibility supports between 37 and 38.70$ for tomorrow, but if Amazon open above 40$ tomorrow, this analysis change.

That's All. Have a great evening !!

AC

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21:28 | |

Wednesday, February 01, 2006 

DowJones near 11000 again


Today the U.S. stocks closed higher as investors cheered with the strong results from Boeing Co, that climb more than 4.8% to $71.62. Boeing said that the net income grew to $460 million, or 58 cents a share, compared with $186 million, or 23 cents, earned in the same period a year earlier.
The Dow was up 83 points at 10,950. We are now near the psycological level 11000.
According to chart above the Dow closed in the top of the short term channel range, the Bullish side running again ? Tomorrow will be the key, wacth out the breakout of the red line.

Google shares recovered in the close and finish at $401.78 after touching as low as $387.52 after the market open.

JDSU have reported there earnings after the market close and it recorded a net loss of $42.1 million, or 3 cents a share, compared with a loss of $41 million, or 3 cents, a year earlier. Sales rose to $312.9 million from $180.5 million. Excluding onetime items, JDS cut its loss to $3.7 million, or breakeven per share, from a loss of $28.6 million, or 2 cents, a year ago, revenue jumped 73%.

That's All. Have a nice evening !!!

AC

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21:20 | |

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  • I'm a 44 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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