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Wednesday, October 31, 2007 

Trade Ideas for Thursday - RIMM , CROX , FSLR

Chart courtesy of stockcharts

The stock on the spotlight today is First Solar. Shares were up more than 6%, closing near the historical highs. Technicaly chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average, so we should see the stock keep going strong for a while. Today, stock opened way to make new highs tomorrow.

Chart courtesy of stockcharts

RIMM - Since August that stock has found consistently support on its 20 dma, so any movement below this line should mean a possible invertion of the trend. Also a possible breakout over $128.36 is likely. Keep an eye on RIMM.

Chart courtesy of stockcharts

Shares of CROCS are under a big selling pressure in after-hours after the plastic shoe maker guided for full-year revenue below analyst estimates. Keep an eye in the trend line mentioned in the chart, if stock break down this trend, you should be careful on the long side.

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, October 30, 2007 

GOOG $700 so near.......YHOO Keep the faith....

Chart courtesy of stockcharts

Shares of Google were up today nearly 2.5% or $15.54 to $694.77, reaching during the session a new 52 week high at $699.91. The daily chart show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up, however in overbought conditions. Stock may find some resistance to break a physiological mark $700.

Chart courtesy of stockcharts

YHOO - Profit taking continue today but volume decreased significantly, signal of a possible turn around at these levels. I'm still very optimistic on YHOO and on Alibaba.com IPO. This drop is always welcome after a Big run. If you look at the chart, we can see that the uptrend still intact, so in my opinion there is no reasons for alarm neither to have fear. With MACD above 0 and K line above D line, once the profit taking is over we should see the stock continue to go up strong. Keep the faith :-)

Chart courtesy of stockcharts

CCI may be ready to break !!
Looking at the chart stock has had a nice run over the past few weeks and again stopped at the major resistance $41.70. I'll be Bullish in this stock if breakout this 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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Stock on move this afternoon

Take a look at some stocks that are showing good and poor performance today:

Most actives : Q , SIRI , MSFT , ONNN , YHOO , IWM

Gainers : GXDX , GRC , EZEM , AMED , CHCI

Losers : WLM , SWHC , LCAV , MRGE , VLCM

Macro Economic news :

- Consumer Confidence for October fell to 95.6 versus estimates of 99.0 and a reading of 99.5 in September.

Buy / Sell Recommendations :

SIRI - Analysts at Janco Partners reiterate their "market perform" rating on Sirius Satellite Radio Inc. The target price has been raised from $3.20 to $3.80

ONNN - Analysts at Wedbush Morgan reiterate their "buy" rating on ON Semiconductor Corporation.

SOHU -
Analysts at RBC Capital Markets maintain their "outperform" rating on Sohu.com Inc, while raising their estimates for the company.

FLEX - Analyst Tom Carpenter of Hilliard Lyons upgrades Flextronics International from "underperform" to "long term buy."

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

AC

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Monday, October 29, 2007 

Trade Ideas for Tuesday - WYNN,YHOO,CIEN,BIDU

Chart courtesy of stockcharts

Wynn Resort broke out of a bull flag today. Today's volume was what you want to see when a stock breaks resistance. The technical chart shows the rally is back again as K line has just crossed on top over D line.

Chart courtesy of stockcharts

BIDU broke out on Friday of a short consolidation phase. Volume was strong on signaling that this move should hold, today confirmed it. BIDU is now a stock in a Breakout mode again.

Chart courtesy of stockcharts

YHOO - Profit taking in action, nothing more. YHOO had a nice volume increase today as they held support.

Chart courtesy of stockcharts

Chart looks Bullish now. CIEN broke out a nice base and MACD just crossed over. Time to test $50.

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, October 27, 2007 

The Trade Ideas you need for the week ahead !!!

Chart courtesy of stockcharts

Nasdaq 100 Index may be close to breaking to new highs here, it's my opinion based on the chart above. It has been consolidating the past few sessions, trading in a range with top 2205 and bottom 2119 and volume is starting to pick up and there could be a decent short squeeze if it breakout above this range. Next week will be for sure a key week for Nasdaq technically !!! Be prepared for a Big run !!!

Chart courtesy of stockcharts

YHOO is one of the hottest stocks of Nasdaq 100 right now !!! Technically speaking YHOO has been on a non-stop rally since announcing earnings results and the attention in Alibaba.com IPO has been a KEY factor for this Big Rally. On Friday, YHOO hits a new 52-week high by climbing $2.29 cents or 7.31% to close at $33.63, with a huge volume along the week. The technical chart shows the stock is ready for major rally as 50 day moving average is approaching to crossover 200 day moving average to form Goldnen Cross, a very bullish signal. Keep an eye on YHOO, Alibaba.com IPO is coming !!!!!!!!

Chart courtesy of stockcharts

Watch Monday's action for a possible breakout over $360.

Chart courtesy of stockcharts

Verizon, it will be in focus on Monday morning, it is expecting to announce $0.62 EPS. Looking at the daily chart, Verizon looks very good here, especially if market attempts a rally, a possible breakout over $46.24 is likely.


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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Thursday, October 25, 2007 

Microsoft "MSFT"and Yahoo "YHOO"

Chart courtesy of stockcharts

Microfoft will be in focus tomorrow after posted a rise in quarterly profit, boosted by healthy demand for personal computers loaded with its Windows operating system and strong sales of its "Halo 3" video game, sending its shares up more than 7% in after-hours at this moment. Looking at the daily chart above, stock broke out $31.73 to new 52 week high with a huge volume above daily average. In addition chart is showing a very bullish sign with 50 day moving average is about to cross on top over 200 day moving average to form Golden Cross. MACD is also on top of 0, and K line on top of D line, so as you can see there are a several indicators showing the stock is on the course to go higher. Following the reaction in after-hours tomorrow likely will open gap up.

Chart courtesy of stockcharts

Attention LONGS : YHOO closed for the first time since May above $31, one of the biggest resistances. Looking at the daily chart first target is now at $32.84.

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, October 24, 2007 

Bull Market comes to stay

Chart courtesy of stockcharts

Fantastic this reversal, in the final hour. This is a great signal for Bulls, and for the sessions ahead. If there is one moment that we should not be afraid of the market is now, it's my opinion, based in some factors, as today occurred. Supports worked again. Check this out on the chart above.............

Chart courtesy of stockcharts

Research in Motion "RIMM" will push through resistance if Nasdaq makes a move up.

Chart courtesy of stockcharts

Juniper Networks broke down today. So, let see if tomorrow stock will have legs to enter again into the channel, if not occur, be careful longs.

Chart courtesy of stockcharts

Looks like First Solar confirmed support at the breakout 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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Tuesday, October 23, 2007 

Trade Ideas for Wednesday - Yahoo, Google, Bidu

Chart courtesy of stockcharts

Some readers sent me some emails a few days ago questioning me, why I still put YAHOO in my portfolio as a top pick. Well, the answer is simple: If you remember I gave you the first alert when stock broke out the downtrend line at $24, since then stock don’t stop, moving in a nice uptrend until nowadays. For me, there are some factors that are contributing for the increase in the investor confidence in this particular stock : 1- Speculation behind Alibaba.com IPO (Yahoo! Inc. holds a 39 percent stake in Alibaba.com and want more ), Alibaba.com is one of China's fastest growing Internet companies. It has seen its registered members soar from 6 million in 2004 to 24.6 million in 2007. Paying members increased from 77,000 in 2004 to 255,000 by June 2007. The shares start trading Nov. 6. 2 - First sign given by CEO that company is ready to battle again for its position in the market of Ads. 3- Good business environment in the Internet Sector (On Thursday Google proved that). All these factors together, contribute for my optimistic feeling. Technically speaking YHOO has been on a non-stop rally since announcing earnings results and the attention grabbing Alibaba.com IPO. The technical chart shows the stock is ready for major rally as 50 day moving average is approaching to crossover 200 day moving average to form Goldnen Cross, a very bullish signal. Let' see .....you will win this batlle Bulls or Bears. Sorry Shorts I'm Bullish on this baby for the long run !!!!

Chart courtesy of stockcharts

Breakout alert !!!

Shares of GOOG were up 3.8% today to $675.77 and reaching during the session a new 52 week high at $677.60. Google is one of the hottest stocks in the market right now after the earnings report. Looking at the technical chart, stock show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up. The momentum in the last 5 sessions have been phenomenal on Google, stock came from $611 to above $675 in just a few days. I won't be surprise if GOOG reachs new highs tomorrow, because indicators are extremely Bullishs. Keep an eye on her.

Chart courtesy of stockcharts

BIDU shares were up today more than 10% to $349.90. It looks like new highs will come !!!

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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Stock on move this afternoon

Take a look at some stocks that are showing good and poor performance today:

Most actives : AAPL, LVLT , TXN , BEAS , INTC , COH

Gainers : WWIN , MICC , EMAK , CMCO , CNIC

Losers : EPAX , DCTH , GBR , THN , PLX , HIFN

Buy / Sell Recommendations :

ARBA - Analysts at CIBC World Markets reiterate their "sector outperform" rating on Ariba. The target price has been raised from $12 to $14.

OSTK
- One analyst at Lehman Brothers maintains his "equal weight" rating on Overstock.com, while raising his estimates for the company.

SPWR - Analysts at Lehman Brothers upgrade SunPower Corporation from "equal weight" to "overweight."

APOL - Analysts at Robert W Baird upgrade Apollo Group Inc from "neutral" to "outperform." The target price has been raised from $56 to $80.

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

See you later,

AC

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Monday, October 22, 2007 

Trade Ideas for Tuesday - RIMM , GRMN , NLY

Chart courtesy of stockcharts

Shares of Garmin were up today more than 4% to $115.18 after Pacific Crest upgrade stock to Outperform from Sector Perform. The daily chart shows the investors saw buying opportunity as the stock dropped near 20 day moving averagel. Technical indicators such as KD and MACD also show buy signal as K line has just crossed on top over D line again and MACD is on top of 0. The long term trend is positive as the stock is trading upwards along with both 50 day and 200 day moving averages. Stock has now a resistance at $116.87 and support at $110. Keep an eye on GRMN for a possible breakout over $116.87.

Chart courtesy of stockcharts

The chart suggests a strong confidence in Research in Motion, however there are possible two scenarios in the near term : 1º Possible breakdown of the trend line mentioned in the chart at $108 º Possible breakout over $118.80 to all time highs . KD is showing weakness as K line has dropped below D line which is why the stock has pulled back recently. Nevertheless the long term trend shows the stock is in bull market . So, keep an eye on RIMM.

Chart courtesy of stockcharts

NLY may be ready to breakout !!
Looking at the chart above stock has had a nice run over the past two months and may be ready now for a possible breakout over $16.65. I'll be Bullish in this stock if breakout this 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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Stock on move this afternoon

Take a look at some stocks that are showing good and poor performance today:


Most actives : SGP , C , INTC , JAVA , F , LVLT , AAPL

Gainers : RTSX , PLUG , CDS , CYAN , UNIB , CRNT

Losers : ACA , ASTE , SILC , HRVE , TPTX , DOVR

Buy / Sell Recommendations :

SNDK - Analysts at Robert W Baird maintain their "neutral" rating on SanDisk Corporation, while raising their estimates for the company. The target price has been reduced from $58 to $52.

GOOG - Analyst Derek Brown of Cantor Fitzgerald reiterates his "buy" rating on Google Inc, while raising his estimates for the company. The target price has been raised from $650 to $750.

VRTX - Analyst Rachel McMinn of Cowen & Co downgrades Vertex Pharmaceuticals Incorporated to "neutral".

CREE - Analysts at Morgan Keegan maintain their "market perform" rating on Cree Inc, while reducing their estimates for the company.

EBAY - Analyst Jeetil Patel of Deutsche Bank Securities downgrades eBay from "hold" to "sell," while raising his estimates for the company.

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

See you later,

AC

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Saturday, October 20, 2007 

The decline I was looking for - Be ready for Monday

There is a time where we must think by ourselves and follow our own thoughts, and I can tell that there is no better time than now to enter in the market, even when a lot of people tell you on phone “be careful man”, I said sorry Bears, I’m Bullish and I'll not change my position. Santa Claus Rally is coming and on Friday I started putting my bucks in the markets, for the long and fast run, it’s my thoughts…….This is not written in the stars……… Historically markets never lie..........let's see........

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Nasdaq and SP500 closed near the lows of the day with a Big Sell-Off, both closed just under supports. Althrough there are many fears in the market right now, indices still trading in a Long Bullish Market, its 50 dma are still on top of 200 dma. I think short term bottom is here.....This is the decline I was looking for, I don't believe in a "Black Monday" next week, Friday was more a panik enviroment than anything else.

Chart courtesy of stockcharts

YHOO looks strong enough to move forward. Today was a good example !!! Looking at the technical chart the stock has been doing very well recently, as K line is on top of D line with MACD on top of signal line. Now that the stock is above 50 day and 200 day moving average more buyers should be coming.

Chart courtesy of stockcharts

Sandisk shares plunge on Friday more than 15% to $42.71 as outlook worries some analysts. Stock has now support only at $41.50.

Chart courtesy of stockcharts

Juniper is losing more momentum, however still trading within the range, keep an eye on JNPR for a possible test of the bottom line.

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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Thursday, October 18, 2007 

Trade Ideas for Friday - SU , RIMM , T , YHOO

Chart courtesy of stockcharts

This still looks pretty good on the daily chart with volume expanding as it moves higher, MACD crossover too. YHOO continues to look bullish and had a decent day today.

Chart courtesy of stockcharts

Suncor Energy traded to a new 52 week high and while it's a little extended on the daily chart, reaching overbought condtions. Chart looks pretty good !!!

Chart courtesy of stockcharts

Looks like T confirmed support at the breakout area.

Chart courtesy of stockcharts

RIMM looks like it will finally clear resistance here. Tomorrow could be the day !! Keep an eye on Research in Motion.

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, October 17, 2007 

Trade Ideas - FSLR, GOOG, BIDU, INTC

Chart courtesy of stockcharts

Before earnings report, it looks like GOOG is consolidating the recent rally. Overall, technical chart indicates that stock is still trading in an uptrend with 200 day moving average still rising. Since KD is still rising and MACD is on top of 0 so the stock could still go up more. Keep an on GOOG.

Chart courtesy of stockcharts

INTC finally breakout $26.40 after a long sideway move. The stock is now back to bull market rally and able to initiate a new uptrend with MACD above 0 and rising KD. Let's see tomorrow action.

Chart courtesy of stockcharts

It looks like BIDU have found a strong support in its 20 dma. KD is slightly weak as K line is back below D line. But there's a possibility that K line may back above D line again indicating buy signal, so keep an eye BIDU.

Chart courtesy of stockcharts

First Solar has broken out to all time highs during today session, however stock retracted closing at $139.09. Overall inidicators are still in Bullishs areas. Let's see if tomorrow stock will confirm intraday breakout. Support at $138.93 and Resistance at $147.54. Keep an eye on FSLR tomorrow morning.

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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Stock on move this afternoon

Take a look at some stocks that are showing good and poor performance today:


Most actives : INTC , YHOO , MSFT

Gainers : TSON , NRMX , CNTF , LCRY , FTEK

Losers : EXAS , IMH , TGIC , RDN , SPC , MTG


Macro Economic news :

- The Consumer Price Index for September rose .3% versus estimates of a .2% gain and a -.1% decline in August.

- The CPI Ex Food and Energy for September rose .2% versus estimates of a .2% increase and a .2% gain in August.

- Housing Starts for September fell to 1191K versus estimates of 1280K and 1327K in August.

- Building Permits for September fell to 1226K versus estimates of 1285K and 1322K in August.


Buy / Sell Recommendations :

YHOO - Analysts at UBS reiterate their "buy" rating on Yahoo! Inc. The target price has been raised from $35 to $36. - Analysts at RBC Capital Markets reiterate their "outperform" rating on Yahoo! Inc. The target price has been raised from $34 to $36.

MCBC - Analysts at RBC Capital Markets maintain their "underperform" rating on Macatawa Bank Corporation, while reducing their estimates for the company. The target price has been reduced from $13 to $11.

ADBE -
Analysts at Lehman Brothers reiterate their "overweight" rating on Adobe Systems Incorporated. The target price has been raised from $48 to $50.

LVLT -
Analysts at Cowen & Co downgrade Level 3 Communications Inc from "outperform" to "neutral".

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

AC

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YHOO gain 10% in After-hours !!!!!!! INTC beats the street too

Chart courtesy of stockcharts

Finally good results from Yahoo and INTC. Tomorrow will be a great day for Bulls again, specifically for YHOO and INTC. Well, let me talk now about YAHOO, one of my top picks for 2008. Yahoo reported third-quarter results that beat analysts' estimates. Net income fell 4.6 percent to $151.3 million, or 11 cents a share, from $158.5 million, or 11 cents, a year earlier, the Sunnyvale, California-based company said today in a statement. Sales, excluding revenue passed on to partner sites, rose 14 percent to $1.28 billion, beating analysts' estimates. Overall, the results beat expectations of analysts. Stock will open tomorrow with a huge gap up, according to investor reaction in after-hours ( +9% ). Looking at the daily chart, stock is currently trading in a short uptrend pulling back from recent rally that pushed stock from $22.27 to $28.76. The stock overall is still weak as 50 day MA is still below 200 day MA but this may finally be the time for the stock to reverse its trend. After this results we should see more buyers coming back and many shorts covering their positions.

Chart courtesy of stockcharts

Intel Corp reported today a 43% rise in quarterly profit and raised its revenue forecast to above Wall Street expectations. Company said its third-quarter net income rose to $1.86 billion, or 31 cents per share, from $1.30 billion, or 22 cents per share a year earlier. Stock gains more than 5% in after-hours so keep an eye on INTC tomorrow for a possible breakout of $26.40. The technical chart shows very positive sign as the stock has bounce back up after dropping near 50 day moving average, but stockis still in bull market with MACD still above 0 and 50 day moving average still above 200 day moving average.

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, October 15, 2007 

Trade Ideas for Tuesday - CREE, CROX and YHOO

Chart courtesy of stockcharts

As expected the breakout has been inevitable after a short sideway move. The technical chart is showing the stock could be back to bull market rally again as K line back again above D line while MACD is still above 0 with stock also above 20, 50 day and 200 day moving average.

Chart courtesy of stockcharts

YHOO - Its 200 dma is working perfectly as a good support. Earnings will be report tomorrow after markets close.

Chart courtesy of stockcharts

CREE is moving within a wide channel and It' s now testing the bottom trendline. These levels represent a support for stock. Risk opening short positions is higher.

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, October 13, 2007 

Can Google reach $1000 ? Share your opinion !!

Chart courtesy of stockcharts

Hey guys, what do you think about the topic of my post ? Can Google reach $1000 in the months to come? Or it's only a dream? Well, after so many price targets given by many investments houses over this week to Google, with some of them above $700, this make me think that now it's the right time to put this question under the table. $1000 it’s a reality soon, or only a dream? Can Google surpass $300 Billion market capitalization? Please give me your tips to share with all or if you want send an email and I’ll have the pleasure to put it here if you want of course !!!

Chart courtesy of stockcharts

JNPR is presently trading in a consolidation phase following a nice trend. Stock have found recently support in its 20 dma, but looks like it will move up again. Keep an eye for a possible breakout over $38.

Chart courtesy of stockcharts

GRMN should fill the Gap up in the next sessions. So, keep an eye on GRMN.

Chart courtesy of stockcharts

As I had mentioned yesterday YHOO shares have found a support under its 200 dma and today stock confirmed my point of view. After Friday session it seems to me that stock maybe ponting to move up again breaking this importnat resistant at $28.50, I suppose based on the last candle of the chart !! Remember YHOO will report its earnings on Tuesday, so Monday keep an eye on YHOO !!!!

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, October 12, 2007 

A natural Pull back

Chart courtesy of stockcharts

BIDU the loser of the day. Shares of the BIDU dropped as much as 10% to $308.78 after JP Morgan issued a report saying that the company's third quarter should be just in line with consensus estimates and somewhat below its prior forecasts. Looking at the chart stock has the major support at 295.82 for an eventual continuation of sell-off. I don't think so, because it seems to me just a short profit taking, and BIDU was the principal factor.

Chart courtesy of stockcharts

EBAY has broken out of the range during today session, however in the final hour stock retracted closing below $40. Today sentiment of the market didn't help stock. Support at : $38.44 and Resistance at :$40

Chart courtesy of stockcharts

YHOO may find some support at this level, under its 200 dma. I'm going to be keeping an eye on that.

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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  • 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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