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Friday, April 28, 2006 

MSFT , GTW , AET , LRCX , earnings data

Chart courtesy of stockcharts

Microsoft said on thursday that its quartely income rose 16% , reported earnings of $2.98 Bilion or 29 cents per share, compared with $2.56 Bilion or 23 cents per share, in the same period a year earlier, The revenue for the three-month period was $10.9 Bilion, a 13% increase over sales of $9.62 Bilion a year earlier. Microsoft shares fell sharply today after reduced forecast, suffering their worst percentage fall since late 2000, with a volume that was the second highest in the stock's history.

Chart courtesy of stockcharts

Gateway the third-largest U.S. personal computer maker, on Thursday said its quarterly loss widened because of litigation expenses and sales in its professional unit fell on competitive pressures. Gateway reported a first-quarter net loss of $12.3 million, or 3 cents per share, compared with a year-earlier net loss of $5.19 million, or 1 cent per share, this results included $14 million in litigation expenses. Revenue for the quarter rose to $1.08 billion, up from $838 million last year, the company sold 1.38 million PCs in the first quarter, up 47 percent from the same period a year ago. According to the recent IDC data, Gateway was the fastest growing PC company in the U.S. and was the only company to experience sequential unit growth in the U.S. in the first quarter. Gateway ended the quarter with $590 million in cash and marketable securities, an increase of $4.5 million from the fourth quarter of 2005. Gateway and eMachines products are now sold in more than 7,000 retail locations in the U.S. and Canada and in more than 2,500 retail locations internationally, including France, Japan, Mexico and the UK.
According to chart above we can see that the stock breakout the short downtrend line yesterday, but after reported earnings the stock bounce back and closed under LT.

Chart courtesy of stockcharts

AETNA ( AET stock ) fell more than 20% on Thursday after the company reported strong earnings, but announced the retirement of two key executives and revealed that a computer with sensitive customer information was stolen, reasons that have pressured the stock.


Chart courtesy of stockcharts

Lam Research Corporation stock breakout yesterday the big resistance at 48.57 on higher volume and have tested today the breakout point with sucess, closing above this level at 48.88.
According to chart above the indicators still showing Bullishs signals.

Friday hot stocks in after-hours : XLB , NWL , WIBC ,

Next week will be another big week of earnings May 1st-5th some stocks that will report:

Monday : GVHR, HERO, HUM, NOVN, SYY, TSN, KAR, ALO, CHK, DLLR, EPEX, FSH, FCN, BGC, GW, NCOG, PKY, PDII, PLAY, PPS, PL, PFG, SRX, TSRA, TXRH

Tuesday : ARJ, ADM, BWNG, CMX, CHTR, CKP, RRD, DUK, ECLP, EFJI, EMR, ETR, EOP, EVVV, SINT, SIRI, SHOO, TXU, UTHR, VZ, VSH, LNC, OKI, OPEN, OSUR, WMS

Wednesday : ARTC, BEC, CI, CCU, CCO, CLX, EQR, FBN, GMR, LM, NRP, Q, SBGI, SKYW, ABX, CBT, CECO, ERTS, EXPD, JDSU, MSSR, QLGC, SUN, SPSX, TRLG, WFMI

Thursday : ACW, AXCA, DRL, COG, DJO, EK, ELN, ITWO, INCY, NRGY, MVL, PMI, RHB, SLXP, STRA, TYC, UBLBI, VRX, BKHM, CAMD, CALL, GMST, RMD, UVN

Friday : ACET, CACH, FS, GMRK, LOJN, MHS, MCCC, THQI, TOL, WMG CRK, POM

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

AC

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21:41 | |

Friday, April 21, 2006 

Nasdaq , SOX , DELL , GOOGLE , ERICSSON



Nasdaq Ends Down 20 points at 2,343 After Oil Prices Top $75 a Barrel for the first time.
The front-month contract for crude futures closed above $75 ( $75.17 ) per barrel on Friday the highest closing level for a front-month contract on the New York Mercantile Exchange, scoring a gain of more than 6% for the week, the continuation of fears over Iran and Nigerian supplies.



SOX the semicondutor index-Philadelphia fell 2% today and have tested MM50 , closing some points above. According to this chart we can see that we are trading in a short downtrend with a top at 534 and a bottom near of 483.



DELL shares fell almost 4% today after Citigroup cut his rating to Sell on concerns about the company's growth rates and eroding margins.



Google shares jump 5% today on 60% profit jump. Google reported first-quarter net income of $592 million , or $1.95 a share, up from $369 million or $1.29 a share a year earlier. These results include stock-option costs and other expenses. According to chart we can see that the stock touched today in the top of the uptrend started on March, some profit taking could appear at this levels ( overbought conditions ) after the recent gains.



Bad day today for Ericsson after the quarterly report. Shares of the Wireless equipment maker fell near than 7% on Friday after reported that the sales grew in the first quarter but the takeover of money-losing Marconi cut into profits that came in flat, below the expectations of analysts, however Ericsson maintained its forecast of moderate growth in the global mobile systems market in 2006. According to chart above we can see that the stock breakdown an important support in the $36 level with a huge trading volume, the indicators had all inverted to bearish side.
Resistance : 36.51 Support : 34.50

That's All. Have a great weekend.

AC

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23:44 | |

Saturday, April 15, 2006 

AMD , Microsoft , JDSU , Crude Oil



AMD fall sharply on Thursday after reported earningson Wednesday after the market close.
The company posted 38 cents first quarter EPS vs. a 4-cent loss on a 71% sales rise (excluding the company's Memory Products business). AMD, forecast a second-quarter sales "flat to slightly down" from the $1.33 billion it posted in the most recent quarter.

According to chart above we can see that AMD still trading below the MM50 and closed on thursday below the $32 important support, on volume that was more than triple the stock's daily average, so after break this level the next supports only appear near the $30.
Short and Medium term : Bearish
Long term : Bullish MM200 at 28
Supports : 30.70 Resistance : 32.25



 

According to chart above we can see that the volume decrease in the last weeks , so keep attention if we break the uptrend ( green line ) started on January.
Support : 26.72 Resistances : 27.24



JDSU sill trading near of the bottom of the trend, be carefull if we break it, because we'll see some selling pressure. Fullstochastisc shows some potential upside, but MACD and RSI still bearish.
Supports : 3.58 Resistance : 3.79



As I have mentioned in the last post this week was really a key week for crude, because the red line was broken, and now the crude Oil will test again the historic level done on September after the hurricanes.

That's All. Have a Great Easter.

AC

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08:05 | |

Friday, April 07, 2006 

Nasdaq , Dowjones , Crude Oil , CIENA , RIMM



Crude-oil futures fell on Friday on easing supply concerns after comments at a Paris oil conference led to speculation that some Nigerian production could re-start as early as next week.
May light sweet crude oil futures closed at $67.7 per barrel, down from Thursday's settlement at $67.94. According to chart above we can see that the crude Oil is now very near to break the red line ( medium term downtrend line ) and the indicators could sustain this break level, because all indicators are sustaining this Bullish side.



U.S. stocks ended lower on Friday after a strong March employment report renewed Wall Street's inflation worries, the Labor Department reported the U.S. economy created 211,000 jobs in March, more than the 187,000 expected by economists, and the unemployment rate down to 4.7 percent in March, its lowest point in 4 1/2 years.
The Dow Jones Industrial Average fell 96.46 points to 11,120.04. On the week, the benchmark index gained a modest 0.1%.





The Nasdaq Composite Index was down 22.15 points at 2,339.02.




CIEN during this week breakdown the trend Up started on November of 2005 with huge volume on down days. Last daily Candle - Bearish Engulfing.
Supports : 4.59 Resistances : 4.92
Long Term - Bullish
Medium term - Bullish
Short term - Bearish



Research In Motion Ltd. shares fell 5.5% on Friday to $79.78 on volume that was three times the daily average for the shares, after the maker of BlackBerry wireless devices issued a disappointing outlook on plans to boost spending on marketing and product development.
According to chart above the indicators of this stock are showing now Bearish signals MACD + Fullsto + RSI. MM13 - 83.82 MM50 -78.50

Supports : 79.47 , 76.50 Resistances : 83.11

Hot stocks After-Hours :

FLWS ; SUMT ; HIV ; CRYP ; OLAB

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

AC



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23:30 | |

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  • I'm a 48 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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