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Wednesday, January 31, 2007 

JNPR down , JDSU in spotlight

Chart courtesy of stockcharts

JDSU after market closed said its fiscal second-quarter net income was $23.2 million, or 10 cents a share, compared with year-ago net loss of $42.1 million, or 20 cents a share. Excluding items, the company earned 13 cents a share. Looking at the chart the stock closed above 50dma to 17.78$ with a spike in volume, a good signal for bulls, however we must wait for tomorrow to see the impact of the earnings report in stock price.


Chart courtesy of stockcharts

JNPR shares was down 8% closind at 18.12$ today in the wake of its third consecutive incomplete earnings report.
The company has not provided a balance sheet for the past three quarters because of an internal investigation into its past stock option grants. JNPR reported a revenue of about $596 million, up 4 percent from $575 during the same period last year. Looking at the chart, stock breakdown today an important support at 18.40 , next support is near 17$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Tuesday, January 30, 2007 

Motorola in action today

Chart courtesy of stockcharts

Shares of Motorola rose nearly 7% to 19.58$, after the company announced today that billionaire investor Carl Icahn is seeking a position on its board of directors. Looking at the chart it still show weakness as the stock is trading below 50 dma and 200 dma. The stock is on rally with K line on top over D line, and this rally should at least take the stock back to 50 dma closing the gap.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Monday, January 29, 2007 

Trade Idea NETFLIX " NFLX "

Chart courtesy of stockcharts

Shares of NFLX fell today 2.6% to 22.55$ , after Roth Capital downgraded its rating to 'sell' from 'hold'. Looking at the chart it still show weakness as the stock is trading below 50 dma and 200 dma. However with K line on top over D again we may see a improvement in stock price. MACD is above 0.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Sunday, January 28, 2007 

RAMBUS jumped again !!

Chart courtesy of stockcharts

Shares of RMBS rose more than 9% on friday closing at 18.96$. About 15 million shares of Rambus changed hands, versus average daily trading volume of 5.3 million. The move is being attributed to an update on thrusday night on the Hynix Semiconductor, Inc. v. Rambus, Inc. case. At the US District Court, Norther District of California website a tentative ruling showed: "Motion for new trial on damages is denied without prejudice. The motion cannot be resolved until after the conclusion of Phase III." Resistance is now 19$, stock must break it to go forward.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Friday, January 26, 2007 

Analyst downgrade CSCO

Chart courtesy of stockcharts.com

Citigroup’s Paul Mansky, dropped CSCO firm’s rating to Hold from Buy saying its difficulty with the company lies with the apparent mutual-exclusivity between revenue growth and operating margin expansion. Stock was up 0.13 or 0.5% to 26.35, recovering from morning declines. The technical chart are showing some improvement by the indicators MACD and RSI, but I'm still cautions.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Thursday, January 25, 2007 

Navistar , Hansen Natural and Microsoft

Chart courtesy of stockcharts

Microsoft reported a drop in profit for its fiscal second quarter Thursday, but sales and earnings beat analyst expectations thanks to strong sales of its Xbox 360 game console during the holidays. In the daily chart MSFT is looking good and looks set to break into new highs. Stock up 3% in after-hours.

Chart courtesy of stockcharts

If this stock can break-out $39 with good volume and close near their hod sometime this week, we would probably swing at least part of the position. Keep HANS on your watch-lists.

Chart courtesy of stockcharts

Pull back on the table, however the trend still intact.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Wednesday, January 24, 2007 

RMBS reported blowout Qtr - strong revenue

Chart courtesy of stockcharts

RAMBUS said after the market close that quarterly revenue rose 24% over a year earlier, driven by new patent licensing agreements. Fourth-quarter revenue was $51.7 million from a revenue of $41.6 million a year earlier. The stock was up 0.71 or 4% to 18.19$. Looking at the chart, the stock has broken out an important resistance at 18$ before earnings, let's see if tomorrow this resistance will support the stock. According to this earnings report I'm Bullish in the stock, however my only fear is the stock option grants. RMBS said it won't complete its restatement by the Feb. 9 deadline set by Nasdaq's listing qualifications panel, and said it has asked the listing council to stay the move, but there's no assurance the stay will be granted. It's a dificult decision , but the results have been great, it's my opinion.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Tuesday, January 23, 2007 

Stock to watch tomorrow : SUNW , YHOO

Chart courtesy of stockcharts

Shares of SUNW rose nearly 8% in after-hours after the earnings report, the company swing to a profit, earns $126 million. Gap UP for tomorrow.

Chart courtesy of stockcharts

Shares of JNJ fell 0.68$ or 1.01% to 66.50$ today after reported a solid earnings, Johnson & Johnson posted a 3.5 percent increase in fourth-quarter profit as higher sales, especially for consumer products overseas, were mostly offset by the first charge for a major acquisition. Revenue totaled $13.68 billion, up 8.5 percent from $12.61 billion in the last quarter of 2005. Stock closed today above the support, pay attention if break the wedge.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC


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For all Brazilian friends

Photo courtesy of Retratos de Viagens

Surrounded by Rio’s favourite neighbourhoods, Lagoa, Ipanema, Leblon, Gávea e Jardim Botânico, framed by mountains and embraced by Christ the Redeemer, the Lagoon is an impressive sight at sunset as the light reflects on its serene quiet waters and it becomes a meeting place for Cariocas and visitors alike.

Linked to the sea by the Jardim de Alah canal that divides Ipanema from Leblon, it is encircled by parks, multi-sports courts, a roller-skating rink, a heliport, jogging and bicycle paths, and an outdoor food court with kiosks serving a wide variety of dishes ranging from German to Japanese, in addition to live music that starts at sunset. On Sundays and holidays, paddleboats reveal to visitors a unique view of everything one of the most beautiful Rio postcards can offer.

AC

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Monday, January 22, 2007 

Sun micro in focus today, JDSU good day

Chart courtesy of stockcharts

JDSU stock closed flat today, in a bad day for overall markets, however stock didn't go down when the market goes down, often goes up when the market goes up. MACD is now above 0. Keep an eye on JDSU.

Chart courtesy of stockcharts

Shares of Sunmicro doesn't react to much to the latest news, stock was down 0.02 or 0.35% to 5.75$.
Sun Microsystems Inc. and Intel Corp. said today they reached an agreement where Sun will buy Intel chips to use in its server systems. The companies said the deal includes joint engineering, design and marketing efforts. In the daily chart we start to see some weakness in the stock with MACD cross below 0, however this situation must be confirmed in the next sessions, because Uptrend is still in place.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Saturday, January 20, 2007 

Microsoft and Nortel offer new products

Chart courtesy of stockcharts

Nortel has added 11 core integration services and a structured convergence integration approach for customers - featuring regional collaboration centers jointly staffed and operated with Microsoft - to its growing portfolio of services designed to help ease the path to unified communications for businesses around the world.

In addition, Nortel has enhanced its proven deployment expertise in real-time IP and unified communications by achieving Microsoft's elite Gold Certified Partner status.
These new services and resources will make it easier for businesses to break down barriers between voice, e-mail, instant messaging, multimedia conferencing and other forms of communication, enabling them to improve business processes, increase collaboration among employees, and speed decision making.

Source : Nortel

AC

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Friday, January 19, 2007 

Hot stock JDSU , AMD was down again

Chart courtesy of stockcharts

AMD fell again and probably it will find support only at 17$.

Chart courtesy of stockcharts

Shares of JDS Uniphase Corp. soared nearly 10% today, after the networking equipment company said its fiscal second-quarter sales will be higher than expected. The technical chart is showing some improvement in the MACD indicator, RSI already reached Bullish territory and CCI gave a buy signal.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Thursday, January 18, 2007 

LRCX and AAPL falls , HOKU up more than 100%

Chart courtesy of stockcharts

HOKU shares blow up 130% after singned a contract that worth more than seven times the company's market value. Hoku Scientific signed a seven-year deal worth as much as $370 million with Sanyo Electric Company Ltd. The stock surged 122% closing at 6.90$.

Chart courtesy of stockcharts

AAPL crushed estimates last night. Earnings and revenues were well above consensus, gross margins were higher, and the company sold a ton of iPods, however the stock was down nearly 6% today closing at 89.07$. I'm very surprised !!!
The 50 Dma could be a support for Apple.

Chart courtesy of stockcharts

Share price of Lam Research Corp closed lower after the company posted a strong second-quarter profit, but its outlook left room for concern, sending the stock down $7.91, or 14 percent, to $46.22. It was a big drop follwed by huge volume.

Stock to watch tomorrow : IBM , CWTR , JDSU ( exceed prior guidance ) , FNSR , CIEN

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Wednesday, January 17, 2007 

Intel was down 5% ,

Chart courtesy of stockcharts

INTC shares was down 5% after reported yesterday a 39 percent drop in fourth-quarter earnings and predicted lower-than-expected profit margins which sent semiconductor stocks down in Wednesday's session. The technical chart shows a big drop after the earnings report however the 50 dma was the support for the stock that closed at 21.04$. Let's see if the stock will rebound tomorrow. Click in the chart to enlarge , and check the channel with the support and resistance.

Stock to watch tomorrow : WM , CVTX , NVEC , IOC

Highlights for tomorrow : CPI Consensus : CPI 0.4%, core 0.2% ; Housing starts : starts 1570K, permits 1505K

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Tuesday, January 16, 2007 

XM Satellite and Sirius in focus today

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Will be 2007 the year of the merger between the big players in satellite radio? Most of the Investors and analysts think so.

J.P. Morgan upgraded satellite radio providers XM Satellite Radio and Sirius Satellite Radio, both to "overweight" from "neutral", citing subscriber growth and a possible merger between the two. JP analyst belives that the shares of both companies will be supported ahead due to the potential merger. XMSR was up 0.02 to 17.14$ and SIRI 0.05 or 1% to 4.15$.

The technical chart shows that both stocks are still trading in an uptrend, and the overall indicators are showing a clear Bullish signals.

XMSR - 50 dma is now on top of 200 dma - Bull mode

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Monday, January 15, 2007 

Highlights for tomorow : Earnings reports

Chart courtesy of stockcharts

It will report earnings on January 16 , mean estimate 0.22

Chart courtesy of stockcharts

It will report earnings on January 16 , mean estimate 2.12

Chart courtesy of stockcharts

It will report earnings on January 16 , mean estimate 0.25

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Enjoy your evening !!!

AC

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Sunday, January 14, 2007 

Stocks to follow next week : LLTC , APH , JPM

Chart courtesy of stockcharts

It will report earnings on January 17 , mean estimate 0.95

Chart courtesy of stockcharts

It will report earnings on January 17 , mean estimate 0.81

Chart courtesy of stockcharts

It will report earnings on January 16 , mean estimate 0.34

That's All. Enjoy your Sunday !!!

AC

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The Star of the week Apple - iPhone


The New baby of Apple : iPhone

iPhone combines three products - a revolutionary mobile phone, a widescreen iPod with touch controls, and a breakthrough Internet communications device with desktop-class email, web browsing, maps, and searching — into one small and lightweight handheld device. iPhone also introduces an entirely new user interface based on a large multi-touch display and pioneering new software, letting you control everything with just your fingers. So it ushers in an era of software power and sophistication never before seen in a mobile device, completely redefining what you can do on a mobile phone.
iPhone is a revolutionary new mobile phone that allows you to make a call by simply pointing your finger at a name or number in your address book, a favorites list, or a call log. It also automatically syncs all your contacts from a PC, Mac, or Internet service. And it lets you select and listen to voicemail messages in whatever order you want — just like email.

It's really a new generation of phones, let's see if this produtct will bring great sales to Apple like iPod.

AC

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Saturday, January 13, 2007 

Highlights for next week : AAPL and MOT

January's earnings period already started and Apple and Motorola will report earnings during next week, Aaple on Wedenesday January 17 and Motorola on Friday January 19 , so be prepare for big movements in both stocks.

Chart courtesy of stockcharts

AAPL has retraced to a support at 93$.

Chart courtesy of stockcharts

Motorola is an Oversold conditions after the recent two downgrades.

That's All. Enjoy your weekend !!!

AC

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Google Is the Best Company to Work For

Google shot straight to the top in its first appearance on Fortune's list this year. Google makes its debut in the number one position on FORTUNE's 10th annual "100 Best Companies to Work For" list.

What makes it so great?

No. 1 sets the standard for Silicon Valley: free meals, swimming spa, and free doctors onsite. Engineers can spend 20% of time on independent projects. No wonder Google gets 1,300 résumés a day. Work is such a cozy place that it's sometimes difficult for Google employees to leave the office.

Life inside Google
Google's gourmet food

Source : CNNMoney Fortune

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Friday, January 12, 2007 

PEIX shares jump 3% after upgrade

Chart courtesy of stockcharts.com

Shares of Pacific Ethanol "PEIX" rose today more than 3% to 15.32$ after Banc of America upgraded stock from Sell to Neutral, lifting his target price to $14 from $13. This movement did not convince me due to the fact that the volume was weak for an upgrade, however the technical chart are showing some improvement by the indicators MACD and RSI, but I'm still cautions.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Thursday, January 11, 2007 

Microsoft Corporation broke out !!!

Chart courtesy of stockcharts

MSFT broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next sessions.

Chart courtesy of stockcharts

Shares of Genetech surged 4.37% to 87.40$ today after reported yesterday a fourth-quarter net income of $594 million, or 55 cents a share, compared with $339 million or 31 cents a share, last year. Excluding various items, Genentech would have reported adjusted earnings of 61 cents a share, ahead of analyst expectations for earnings of 56 cents a share. DNA is in a Bullish market with 50 dma line on top of 200 dma and it broke out an important resistance area 85$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC




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Stocks on the move in the afternoon

See some stocks that are showing good performance today :

Most actives : INTC , SUNW , LVLT , MSFT , YHOO , EBAY , QCOM , FNSR , AMKR

Gainers : CTEL , DSTI , MSHL , ACY , HCTL , GIGA , SCON

Losers : HOS , UFI , ADK , FFI , TRMA , DOX

See you later,

AC

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Wednesday, January 10, 2007 

XM Satellite Radio shares surged nearly 10%

Chart courtesy of stockcharts

XMSR stock rose 10% to 16.65$ after received a positive note from Citigroup analyst Eileen Furukawa that lifted her 12 month price target on XM Satellite Radio to $21 from 16$.
This upgrade was based in the increasing numbers of customers who buy cars and trucks equipped with XM radios that perhaps sign up the service, also she added the possibility of a merger with rival Sirius Satellite Radio probably during this year. She maintained her buy rating on XM shares.
As I have mentioned in my commentary during the post of the weekend, XMSR still trading in an uptrend, showing strength when moves up. The technical chart looks Bullish with MACD again back above 0, RSI is rising in the Bullish territory and stock price trading above 20,50 and 200 dma.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC


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Tuesday, January 09, 2007 

APPLE shares jump more than 8%

Chart courtesy of stockcharts

Apple was sharply up 7.10$ or 8% to 92.57$ after Chief Executive Steve Jobs announced production of its new iPhone. The new product combines a mobile telephone with its iPod music device. This movement was follwed by a big volume. The stock is trading near alltime highs and is setting up for a possible breakout above $93, it should keep going up and perhaps it will breakout the previous high at 93.16$ very soon, perhaps tomorrow morning. Indicators are all Bullish ( MACD is back above 0 and K line is on top of D line, RSI above 50 ). Keep an eye on AAPL.

Trade ALERT : GTW Blow up today ( 7% ) with an anormal volume !!!! It's one of my favorite stocks for 2007.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Monday, January 08, 2007 

Volume spike today on Level 3 Communications

Chart courtesy of stockcharts

Shares of LVLT surged today more than 2% to 6.08$ with higher-than-normal volume, after positive news from JP Morgan that raised numbers and the price target to 8$. The technical chart looks Bullish with both 50 dma and 200 dma going up and breaking into new highs, MACD is on top of 0, so keep an eye on LVLT.

Stock to watch tomorrow : S , CAKE , GEX , EMAG

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Saturday, January 06, 2007 

XM Satellite Radio Holdings Inc. and Google Inc.

Chart courtesy of stockcharts

GOOG has broken out downtrend line on good volume during this week. In the daily charts Indicators are showing that stock is now in a Bull Market with MACD back again above 0 and stock trading again above 50 dma and 200 dma. This Leader could be a tone for Nasdaq to go up.

Chart courtesy of stockcharts

On the other side, XMSR edged up 2.27% pct to 15.32$ and said Friday it added about 1.7 million new subscribers during 2006 but ended the year with fewer total customers than it predicted it would have in November. In the daily chart we can see that the stock price still trading above 200 dma in an uptrend. Take a look at the volume, increase in up days.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice weekend !!!

AC


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Friday, January 05, 2007 

US added 167,000 jobs in December

Macro economic news reported today :

According to the Labor Department, the US added 167,000 jobs in December, higher than the 100,000 jobs economists had expected, while the unemployment rate was in-line at 4.5 pct.

Stocks in review :

MRVL was down 0.54 or 2.71 pct at 19.41$ , after being downgraded to Neutral from Outperform at Credit Suisse.

GTW gained 3% to 2.01$, buoyed by a 'buy' reiteration from WR Hambrecht.

Keep an eye on these stocks for next week.

See you later !!!

AC



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Thursday, January 04, 2007 

JDS Uniphase Corp. agrees to Acquire Casabyte


Chart courtesy of stockcharts

Shares of JDSU rose today more than 4% to 17.93$ after the company said that it planned to buy Casabyte, a company specializing in monitoring the service quality of mobile phone networks. According to JDSU this acquisition will help to bolster its position in the network quality assurance market. In my opinion I think that this acquisition could be very good for JDSU, Casabyte provide automated quality assessment technology to the wireless industry.
The technical chart show that JDSU just broke out of downtrend line (from 22 Nov to 3 Jan 07) Volume is starting to pick up and RSI come back to the Bullish area.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Wednesday, January 03, 2007 

Rambus signed a license agreement

Chart courtesy of stockcharts

Shares of Rambus rose neraly 1.3% to 19.16$ today after the company said Qimonda recently signed a technology license agreement for Rambus' XDR memory interface. The Rambus XDR will be used by Qimonda in high-volume applications, including game consoles, digital televisions, set-top boxes and PC graphics. Looking at the chart, we start to see some improvement in MACD and RSI indicators, displaying therefore a potential reversal. With the stock still holding well at 50 dma , this could be the time to start accumulating the stock, it's only my opinion.
Market didn't help today, so keep an eye on Rambus for the next sessions.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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

AC

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Tuesday, January 02, 2007 

Stocks in a new uptrend : ALDN , AVNC

Chart courtesy of stockcharts

AVNC broke out of its downtrend line on good volume. Its trading above its 20 and 200 day ma and above the support 3.75$. Keep an eye on AVNC.

Chart courtesy of stockcharts

ALDN was a long on the break of 18.75 , this break-out was accompanied with high volume.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. I wish you a great trading year.

AC

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About Me

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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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