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Friday, September 29, 2006 

Bearish MACD Crossovers ( Nasdaq stocks )

Here are a few charts showing some a Bearish indicators for the near term in some stocks. MACD fast line crossed below MACD slow line.

NVDA looks like it will continue to correct after the recent rally.

AIXD may be getting support at the 9.50

VLCM may be getting support at the DMA 50 .

Keep attention if the stock break the 36 support level.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

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

AC

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21:18 | |

Wednesday, September 27, 2006 

Stock to wacth : JDSU "Optical telecom equipment"

Chart courtesy of stockcharts

I start to see some positive news for JDS Uniphase after read the latest news from Verizon that it plans to spend $22.9 billion on a new fiber network. JDS Uniphase also reported today that was selected by Shangai China Telecom, the incumbent telecommunications carrier for China, to ensure the installation, maintenance and monitoring of its I.P.T.V. services.
So, many news that could improve the performance of this stock for the months ahead.
In the daily chart above we can see that the stock closed today under the resistance 2.25 DMA 50, and the MACD fast line crossed above MACD slow line, so put this stock in your watchlist.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. Have a great evening !!

AC

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21:46 | |

Tuesday, September 26, 2006 

Stock to watch tomorrow : JBL

Chart courtesy of stockcharts

Jabil Circuit ( JBL ) said today after the market close that its fiscal 4th quarter revenue was $3 billion, compared with a $2 billion in the year-ago period. The company also said that it would delay delivering full results for the period as it evaluated its stock-option accounting, the stock surge 7% in after hours.

That's All. Have a great evening.

AC

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22:06 | |

Monday, September 25, 2006 

Stock to watch tomorrow : PMCS

Chart courtesy of stockcharts

PMC-Sierra Cuts revenue outlook, it announced after the bell.

PMC-Sierra lowered its projected revenue for the third quarter, it expects revenue of about $114 million to $116 million, compared with a previous view of $122 million to $124 million.

According to the daily chart, the stock is trading in a downtrend and probably tomorrow it will reach or even break the bottom of the trading range mentioned in the green lines. Stock down nearly 10% in after-hours.

That's All. Have a great evening.

AC


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22:21 | |

Friday, September 22, 2006 

AAPL & NVDA potential short candidates

Chart courtesy of stockcharts

In the daily chart some indicators shows a potential short position from these levels for the short term.

Chart courtesy of stockcharts

AAPL stock break the wedge according to the daily chart, also the chart show another sell signal, the MACD fast line crossed below MACD slow line. Due to these technical indicators Bears can now take the control.
Both charts shows a Rising Wedge and a "Rising Wedge" is Bearish because prices ordinarily fall down and out of one.

Economic Calendar for next week :

25 - August Existing Home Sales
26 - September Consumer Confidence
27 - August Durable Orders ; August New Home Sales ; Crude Inventories
28 - Q2 Final GDP ; Initial Claims for the Week Ended Sep 16
29 - August Personal Income and Spending ; September Michigan Sentiment ; September Chicago PMI

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

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

AC

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21:21 | |

Thursday, September 21, 2006 

Philadelphia Semicondutor Index

Chart courtesy of stockcharts

The Semicondutor Index today had a significant fall, and in the daily chart we can see that thi movement has stopped near the bottom of the trend, however one sell signal was given us by the MACD with the fast line crossed below MACD slow line. If tomorrow we break the green line to the downside further declines to 400 level should be expected from here into October. Let's see if this cenario will be confirmed. I still cautions in the long side here.

Macro economic news : Manufacturing sector slowed in September
The survey's broadest measure of manufacturing conditions, the diffusion index of current activity, dropped from 18.5 in August to -0.4 this month.

Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.

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

AC

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21:45 | |

Wednesday, September 20, 2006 

Some Big players in Overbought conditions

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Here you can find some stocks that are trading in an Overbought conditions, and some of them are still pushing up every day, I'm very cautions now ..................... I prefer to lose the train instead of waiting for the sky.

That's All. Have a great evening.

AC

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21:56 | |

Tuesday, September 19, 2006 

Chart of the day : YHOO

Chart courtesy of stockcharts

YAHOO shares down sharply today after the company warning that third-quarter results will be hurt by a slowdown in the growth of auto and financial advertising. In the daily chart we can see that the stock traded today near the year lows at 24.91$, this level now will be used as support.

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

AC

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21:25 | |

Monday, September 18, 2006 

Chart of the day : BBBY

Chart courtesy of stockcharts

BBBY - After the recent rally the stock touched in the top of channel, so probably in the short-term we'll see some profit taking.

Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. Have great evening.

AC

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20:54 | |

Friday, September 15, 2006 

Chart of the day : VLO ( Valero Energy )

Chart courtesy of stockcharts

VLO isn't in a good trade momentum , however I see some good buy signals that may push the stock up next week. If we look at the chart the stock is under an accumulation at these levels, the volume pickup in the last sessions that could mean a turn point for the stock, also the stock is in a very oversold conditiions suggesting a bounce from this lows, let's see if the crude Oil continues the momentum as showed today in the afternoon with a hard rebound, I'll not be surprised by a rally next week, it's my opinion based in the today trade momentum. After falling as low as $62.03 a barrel, light sweet crude for October settled at $63.33, a gain of 11 cents on the New York Mercantile Exchange.
The $50 support worked well today.

Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.

About NVDA ( last post ) - Stock closed very well today, so the double top formation isn't more valid, may be the stock will now test the year highs.

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

AC

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21:58 | |

Thursday, September 14, 2006 

NVDA : Double top formation ?

Chart courtesy of stockcharts

NVDA may be forming a double top formation according to the chart above, for the second time this week the stock reach the top $29.50 and drop immediately. Let's see if the stock tomorrow will confirm this situation.

Only a remark : NVDA gets a noncompliance notice from Nasdaq

Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. Have a great evening.

AC

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19:48 | |

Tuesday, September 12, 2006 

Stock of the Day : JDSU turnaround ?

Chart courtesy of stockcharts

JDSU bounced from August lows with a considerable volume in the last two days that it changed the picture of the chart. The chart suggests now a Bullish Reversal pattern, the latest candles had formed a Morning Doji Star. Next Resistance 2.31

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

AC

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21:55 | |

Saturday, September 09, 2006 

Charts : ATML & Bearish MACD Crossovers

Chart courtesy of stockcharts

ATML - In the daily chart, you can see some sell signals given by the MACD and Full Stochastic indicators, so the risk is getting increasingly high at these levels. The stock may pause now for a pullback after the recent rally.

Chart courtesy of stockcharts

QQQQ - In the daily chart, you can see that the MACD fastline has crossed below the MACD smoothed line at center.

Chart courtesy of stockcharts

DELL - In the daily chart, you can see that the MACD fastline has crossed below the MACD smoothed line at center.

Chart courtesy of stockcharts

XMSR- In the daily chart, you can see that the MACD fastline has crossed below the MACD smoothed line at center.

Chart courtesy of stockcharts

TASR- In the daily chart, you can see that the MACD fastline has crossed below the MACD smoothed line at center.

Chart courtesy of stockcharts

VIVO - In the daily chart, you can see that the MACD fastline has crossed below the MACD smoothed line at center.

Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. Have a great weekend !!

AC

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10:08 | |

Thursday, September 07, 2006 

Charts that the Bearish MACD Crossover

Chart courtesy of stochcharts

HPQ Stock - The MACD fastline has crossed below the MACD smoothed line at center.

Chart courtesy of stochcharts

PFE Stock - The MACD fastline has crossed below the MACD smoothed line at center.

Chart courtesy of stochcharts

NTAP Stock - The MACD fastline has crossed below the MACD smoothed line at center.

Chart courtesy of stochcharts

SP500 Index - The MACD fastline has crossed below the MACD smoothed line at center.

Chart courtesy of stochcharts

DowJones Index - The MACD fastline has crossed below the MACD smoothed line at center.

Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All.

AC

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20:52 | |

Wednesday, September 06, 2006 

Stock of the day : INTC , VIX Volatility Index

Chart courtesy of stockcharts

Market Volatility Index

Today this barometer of the market volatility breakout the downtrend line, this indicator with high values implying pessimism and low values implying optimism.

Chart courtesy of stockcharts

Intel Corp. announced on Tuesday after the market close that it would cut a total of 10,500 workers, or 10 percent of its work force, by mid-2007 in a bid to increase its competitiveness, with this countermeasure it expected the layoffs to save it approximately $2 billion in 2007 and $3 billion by 2008. Shares of Intel fell more than 3% today.

Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.

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

AC

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21:30 | |

Tuesday, September 05, 2006 

Stock of the day : LVS

Chart courtesy of stockcharts

Shares of Las Vegas Sands Corp. ( LVS ) down near 1% closing at 68.38 but the important point is that the stock broken the ascending wedge according to the daily chart above. In the short-term it is quite likely to see a retest of the 66$ support, let's see if the stock will confirm this movement tomorrow.

Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.

AC

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20:25 | |

Friday, September 01, 2006 

Another great week for Bulls

Dear visitors,

I'd to inform all, that on 5th of September I'll start to daily update this Blog with a new topic for stocks, the Blog will have the topic " Stock of the day ", which means that I will check in the US Markets one stock that it's trading very well or bad due some relevant news occured during the trading day, I hope you enjoy it. Please feel free to contact me for any kind of comments about my posts.
I will use this post also to inform the visitors, that this Blog is customize to work appropriately with Mozilla browser due the many tools that appear in the theme but you can use any kind of browser, but I always test my posts through the Mozilla , so if have any kind of problems with the Internet Explorer or other , please inform me to check and correct the problem.


Chart courtesy of stockcharts

The major US indexes ended the week with gains for the first day of September, a month that it's normally a bad month for the overall stocks.
SPX is 15 points away from May high, and we're still seeing light volume in the markets, next week will be different because the volume my show up and this will create some uncertainty. SPX have reached today the overbought conditions and is forming an ascending wedge, which is a bearish signal, so next week will be a very interesting trading week for both sides.


The stock closed down on Friday in a good day for the overall US indices, so according to chart above I think that the stock has lost strength to breakout the resistance area and now may be forming a larger head and shoulders, and can push down until the bottom of the channel, put this stock in your wacthlist next week for a possible breakdown of the triangle.


This stock continues to surprise me, up day after day with a interesting volume even when the indicators shows Overbought conditions, the stock double in a month. I'm looking on it but I don't have any position, perhaps when the overall markets starts to push down.

Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.

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

AC

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21:25 | |

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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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