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Friday, May 05, 2006 

Dowjones , ATI , PEIX ( Ethanol ) , BRCM , JDSU

Chart courtesy of stockcharts

Dowjones Industrials closed today with a gain of 138 points to a new six-year high.
The Labor Department report a smallest payrolls grow, added just 138.000 in April, the slowest pace of grow since October, Wall Street analysts had expected 200.000. The Government also revised down March job growth.
Dowjones it's now only a 200 points of the Record High.
Remark : According to chart above we can see that today upside movement it was not followed by a good volume, also during the three last sessions the volume has decreased significantly, so next week the market has to confirm this trend.

Chart courtesy of stockcharts

The graphics-chip maker ATI Tecnologies one of the best stock performance of Nasdaq announced during this week a strategic relationship with Nokia Corp, ATI said that the companies are working together to enhance multimedia experiences, such as music playback, 3D gamimg, mobile television and video on Nokia devices, this news can add an impact significantly in ATI's fiscal 2007 earnings and revenue.

Chart courtesy of stockcharts

PEIX ( Pacific Ethanol, Inc. ) is an ethanol stock that it surprised the investors with an excellent valuation on April followed by an anormal volume. This week the stock breakout the ascending triangle but we need more sessions to confirm this upside movement, perhaps more two sessions.

Chart courtesy of stockcharts

BRCM is trading in a downtrend channel, during this week the stock have tested many times the $42 resistance ( yellow line ) level but without success, friday session was another example of weakness.

Chart courtesy of stockcharts

JDSU reported on Thursday the first profit since 1999 but the stock fell sharply after the company give a flat revenue guidance for the current quarter. According to chart above we can see a descending triangle in the JDSU stock, and show Bearish Signals all over the place ( RSI , MACD and finally the fullstochasthic ), 3.24 can be a good support for stock.

Friday after-hours hot stock : SGG

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

AC

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Como eu gostava de entender alguma coisa desses gráficos e palavreado :/

AC, gostava de poder acrescentar algo de útil mas a única coisa que me ocorre é "Fantástico". Tens demonstrado uma visão muito focada e sem euforias do mercado. Essa "frieza" de análise reflecte-se na tua capacidade de análise e tomara eu, quando era stock trader, ter tido essa capacidade.

Abraço

Garfield

P.S.: sem dúvida que o aproximar da pausa das subidas das taxas por parte do FED está a ser reflectido na evolução dos mercados, bem como o possível retomar da trend descendente do dólar. A questão será se o mercado já está descontar tudo isto na totalidade ou se isto é o mote para caminhar em direcção a novos máximos...

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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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