Happy New Year
May the year 2008 bring for you and your families Success, Healthiness and Happiness.
I'm back on Wednesday with more trade Ideas. Happy New Year everybody !!!
AC
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Chart courtesy of stockcharts
Chart courtesy of stockcharts
Chart courtesy of stockcharts
Chart courtesy of stockcharts
Chart courtesy of stockcharts
Another good solar stock chart - Canada Solar "CSIQ".
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
I'm back on Wednesday with more trade Ideas. Wishing you a Merry Christmas!......
Sincerely, AC
Chart courtesy of stockcharts
Chart courtesy of stockcharts
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 example.
That's All. Have a nice evening !!!
AC
WFR setup nicely last two weeks and is looking like it will breakout over $88.62 soon, so put her on your radar.
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 example.
That's All. Have a great evening !!!
AC
Chart courtesy of stockcharts
Chart courtesy of stockcharts
Chart courtesy of stockcharts
One vice president after another drops off the senior management rolls at the Internet giant. Next to go are VP of Media Engineering Bharath Kadaba and Rachel Glaser, a senior vice president of operations finance. A very long series of negative closes for Yahoo. MACD prints a positive divergence and also the Money Flow. Close to the $22 low printed at the end of August. A retest is to be taken into account here.
Citigroup and Yahoo analyses were brought to you by my friend Paolo of Short-termtrading.
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
Chart courtesy of stockcharts
Chart courtesy of stockcharts
Chart courtesy of stockcharts
Chart courtesy of stockcharts
Nasdaq has a support at 2063.
Keep an eye on VMware shares tomorrow for a possible breakout over $100.
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
Monday, December 31, 2007
Sunday, December 30, 2007
Stocks to keep your eye on Monday - CSUN,FSLR, CHINA, RIMM, BUCY
BUCY - This stock has a good looking chart, and it looks like to be forming a bullish flag. Entry point will be on the day when stock breaks above $104.36 on heavy volume. Looking at the daily chart the investor sentiment in BUCY showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Keep it on the radar for a possible break out in the near future.
Chart courtesy of stockchartsResearch in Motion closed the day on Friday near the flat line, losing just 0.36% to $116.94. Looking at the daily chart stock blow out on earnings and it looks like is forming now a bull flag. At this level, buy point will be when stock breaks the upper line on heavy volume. Keep an eye on her.
I was looking over a list of today's strongest stocks and noticed CDC Corp. “CHINA”. Company said its directors and executives repurchased about 468,000 of its shares under a prearranged trading program in the last nine trading days. Shares ended the session gaining more than 20% to $4.95. Looking at the daily chart stock is trading in a clear Bear Market. This rally put me in a neutral zone to invest at these levels even with this news. I prefer stay away from stock and wait for a close above its 13 dma to enter long.
The daily chart shows Rambus is trading in a Bullish momentum. The Technical chart shows positive sign as the stock has been above 50 day moving average since mid September and has formed golden cross earlier November. Golden cross is when 50 day MA cross on top over 200 MA and is a very bullish buy signal. Presently, this stock is sitting right around the 13 dma. Meanwhile, the weekly chart shows the stock is pushing into a longer-term resistance area. A move above 25 would mark a long-term breakout. There is something interesting for this scenario occur, the January series shows a huge amount of calls at the 25 and 30 strikes, it looks like people are really convinced that stock will breakout over $22 and $25 soon. Let’s keep an eye on it.
FSLR shares jumped to all time highs over this week, making consecutives new highs. Stock is in a tremendous Bullish moment, with all indicators showing strength to move up, its 50 day and 200 day moving average still going up, while MACD is above 0 and RSI in Bullish territory. This stock is one of the best performances of 2007.
One stock that was in focus this week has been CSUN that jumped on Wednesday more than 30% and more 16% yesterday. The stock broke out on Wednesday with huge volume. So, after recent rally a pull back should be seen as a natural and welcome movement. I would wait for a little consolidation before jumping in, but it looks like CSUN is a stock to keep an eye on for awhile. Resistance at $19.23 and support is at $15.
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
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
Labels: Bucy, CHINA, CSUN, FSLR, RIMM, RMBS
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Thursday, December 27, 2007
Trade Ideas for Friday - RMBS, AAPL, BIDU, RIMM
I like gap ups and this stock chart looks great to me. I believe that this stock will be trading above 125 in the next few days, but if my interpretation fail, then it should come down to fill the gap.
Chart courtesy of stockchartsThis is one of the most bullish stock charts that I’ve seen in a while. BIDU broke the downward trend line today and it looks like its going to test the $429 again. In addition, MACD fast line crossed above slow line - Bullish signal.
Chart courtesy of stockchartsStock makes new high today but failed to close above $200. A pull back is likely in short term, to test previous breakout area at $192, that is now the support.
RMBS - If $21 area becomes firm and sustained support, a breakout above the prior December close high is simply a question of time. The RSI looks fine as well as the MACD. I am going to keep my position in this stock. Lets keep an eye on it !!
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
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
Labels: AAPL, BIDU, RIMM, RMBS
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Wednesday, December 26, 2007
Solar stocks are rocking this market
Before talk about the solar stocks, let me put you in contact with a familiar stock that annulled today the losses of last week and that closed the day well positioned to break one of biggest resistance, its name is RAMBUS of course. Looking at the daily chart, RAMBUS looks very good here, especially if market attempts a rally, a possible breakout over $21.59 is very likely. In addition chart is showing a very bullish sign with 50 day on top over 200 day moving average, MACD on top of 0 and with K line on top of D line. As you can see on the chart above, there are a several indicators showing the stock is on the course to go higher. Keep an eye on her.
Solar stocks are rocking this market. Here are also a couple of charts in the Solar sector that I like: FSLR , CSIQ , STP , ESLR
Solar stocks are rocking this market. Here are also a couple of charts in the Solar sector that I like: FSLR , CSIQ , STP , ESLR
Chart courtesy of stockchartsThe stock on the spotlight today is Evergreen. Shares were up more than 13%, closing near the highs of the day at $18.84, the major resistance at $17.75. 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 space for a new leg-up.
Chart courtesy of stockchartsThe Solar sector is on fire and STP is no exception. It has a strong chart.
Another good solar stock chart - Canada Solar "CSIQ".
First Solar stock has broken out to all time highs during today session closing at $280.91 with more than 2 million of shares changing hands. Investors have now $300 mark in mind.
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
Labels: CSIQ, ESLR, FSLR, RMBS, STP
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Monday, December 24, 2007
Christmas Message
On Christmas we celebrate the best in us and think about friendship, harmony, and peace. So, I would like to wish each of you and your loved ones a peaceful and joyous Christmas.
I'm back on Wednesday with more trade Ideas. Wishing you a Merry Christmas!......
Sincerely, AC
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Friday, December 21, 2007
Here are some stocks to watch before Christmas day
Chart courtesy of stockchartsFSLR Breakout again !!!! Shares closed the day gaining more than 8% to a new historic mark for stock at $266.40, near the highs of the day at $268.16. FSLR has been on one of the most amazing runs of this most recent bull market. Looking at the daily chart the investor sentiment in stock showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Following this technical chart it's predictable that next week FSLR will reach to new highs.
GS - The chart is bullish while she has still maintained $200 mark as support, but the action is predicting a possible break of support at 200, so keep an eye on Goldman Sachs.
Chart courtesy of stockchartsSTP - The stock has been consistently trending higher with nice steps over the last month and volume has picked up as well. Friday finally broke out to new all-time highs. I have no idea how high this one can go but stock is in a strong Bull Market, without resistances above.
NVDA is above its 50dma, and it is near the top of this symmetrical triangle. If that breaks, it could become a nice stock for Bulls.
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 example.
That's All. Have a great weekend !!!
AC
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 example.
That's All. Have a great weekend !!!
AC
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Thursday, December 20, 2007
Trade Ideas for Friday - RMBS, TEVA, RIMM
Research in motion shares were up more than 4% to $106.99, with a strong volume. Stock has been traded within a downward channel since the highs reached in November. At the present moment, the daily chart is printing a weakness momentum for stock; on the other hand, stock has found an important support around $100 mark, so only a close below this support should be view as a new Bearish moment. The top of the channel is currently at $115 and bottom around $85. After today session, I think we'll test the top of the channel soon.
TEVA shares were up just 1% to $44.56 reacting positively in the bottom of the channel. Looking at the daily chart stock continues to move within a rising channel, but directionality is very low. MACD and RSI are now gaining some momentum, so it seems a good time to be Bullish on stock again.
Rambus shares surprised me again. After yesterday drop, stock closed the session in the highs of the day at $20.72. The MACD and RSI look good, although I am a little concerned about the lack of volume on this upswing, regarding the volume on the downturn, but I'm still very confident. My head is telling me to ignore the volume trend because the increased volume on the downswing is normally a sign of capitulation, so stay tuned on RAMBUS, because this could be a good stock to have in your porfolio for the months to come. The time will tell.
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
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, December 19, 2007
Trade Ideas for Thursday - WYNN, LDK, ORCL
Shares of Oracle are trading higher (+6%) in after-hours after company said on Wednesday it expects third-quarter new software license sales to increase 15 percent to 25 percent from a year earlier. It also forecast that net profit will total 29 cents or 30 cents during the quarter. Following the investors reaction in the extended trading, we should see a gap-up on tomorrow above $22, so it will be important an interesting also, see if stock will have legs to close above this mark, because it has been a key resistance for Bulls.
LDK shares were down more than 5% to $66.11 today. In my opinion, stock could retrace some points from here to $60, in the near term, it is only a long option on the break of $76, till there looks like it may find a support at the breakout area. Keep in mind that presently stock is trading in Overbought conditions.
WYNN shares have found a good support in its 200 dma. I'll be Bullish on stock again after a close above its 13 dma at $120. Keep an eye on her.
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 example.
That's All. Have a nice evening !!!
AC
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Tuesday, December 18, 2007
Solar stocks in focus !!
No matter what people say and what people think about the valuations of Solar Stocks. People are still playing on the long side in this hottest sector, even when many investors discuss the high risk involved in this sector, due to the exorbitant valuations in general of stocks. Today, Lehman raises targets on WFR, STP and JASO. Lehman revised their targets on STP from $80 to $100, MEMC from $90 to $110 and JASO from $65 to $80. Solar energy is seen as the unique and visible alternative to current resources, so it is natural all this noise around the companies that could best succeeds in this market. Check below the technical analyst on above stocks, after today session.
JASO is setting up nicely to break into all time highs. The stock is in a strong bull market with MACD on top of signal and K line on top of D line, both showing buy signal. Although RSI is showing the stock is near to reach overbought conditions, however it is not yet the time to leave as the stock may continue to go up. Wait for a confirmation to take some profits.
Suntech Power Holding shares ended the session below its 13 dma, closing at $78.05. In general this is a signal of some weakness on stock. We should see a small pull back till $75 area, MACD and RSI are also showing some signs of weakness.
WFR setup nicely last two weeks and is looking like it will breakout over $88.62 soon, so put her on your radar.
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 example.
That's All. Have a great evening !!!
AC
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Monday, December 17, 2007
Trade Ideas for Tuesday - JASO, RMBS, DECK
DECK - Looking at the technical chart, stock show a continuation of the uptrend formed in August. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, and with MACD on top of 0. The momentum in the last three months has been great on DECK, stock came from $83 to above $160, and now maybe ready to move up again, with a possible break of the ascending traingle. So, keep an eye on DECK for a possible breakout over $162.
RMBS has broke during today session the major resistance of $21.59, however over the afternoon, stock retracted following the sell-off in the tech sector, but closing very well at $21,21, with a gain of 2.56%. Early in the morning, company said it licensed technology to Toshiba Corp. for use in its high-definition televisions, more great news for company. Technically, stock is still in bull market as 50 day moving average is still above 200 day moving average, so any pull back would mean buying opportunity.
JASO stock has broken out to all time highs during today session, however in the final hour stock retracted closing below $72.06, previous high. The technical 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 let's see if tomorrow stock will confirm intraday breakout. Support is now at $65 and resistance at $74.
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 example.
That's All. Have a great evening !!!
AC
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 example.
That's All. Have a great evening !!!
AC
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Saturday, December 15, 2007
A good look ahead at stocks to watch next week
Chart courtesy of stockchartsFSLR is probably the best acting stock in the Solar sector right now. She's incredibly extended but no one seems to care. Looking at the chart above 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. It looks like FSLR is setting up nicely to break into all time highs. So, next week keep an eye on her.
Chart courtesy of stockchartsEvergreen Solar setup nicely this week making a new 52 week high at $17.75. ESLR still printing in the daily chart a nice uptrend line, and chart is showing strong Bullish indications, however at this level is likely to see some profit taking due to the fact that stock have reached overbought conditions, and normally at this technical point, the selling pressure increases. UBS Analyst on Friday Initiates at 'Buy' on stock, citing potential growth. Stay tuned on ESLR.
Chart courtesy of stockchartsRMBS - Nice movement on Friday in a bad day for overall markets. I'm still convinced that we'll see this stock breakout soon. One important factor for stock is that Sony PS3 gains market share last month. The Sony PS3 is now at 21%, up from 12% in October in terms of new generation game console market share. According to NPD Group Inc. numbers the sales of the PS3 almost quadrupled in November. The Wii market share fell from 52% to 44% in November. 466,000 Sony PS3 consoles have been sold in November. With this numbers out, we can predict good sales for rambus related with PS3.
Goldman Sachs said on Friday that Citigroup Inc's bonds were poised to outperform after its debt rating was cut and it unveiled a plan to rescue $49 billion of off-balance sheet investments. The stock lost more than 1% anyway. Prices are again close to test the low of $29.75.
One vice president after another drops off the senior management rolls at the Internet giant. Next to go are VP of Media Engineering Bharath Kadaba and Rachel Glaser, a senior vice president of operations finance. A very long series of negative closes for Yahoo. MACD prints a positive divergence and also the Money Flow. Close to the $22 low printed at the end of August. A retest is to be taken into account here.
Citigroup and Yahoo analyses were brought to you by my friend Paolo of Short-termtrading.
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
Labels: Citigroup, ESLR, FSLR, RMBS, YHOO
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Friday, December 14, 2007
US Consumers still spending - Retail Sales surprise
Finally today was reported one of the key factors that many analysts are always looking for, Retail sales. It was clear that consumers have not been affected by the worries of high fuel costs neither with the problems related with the credit and home sales. Retail sales in the U.S. increased twice as much as forecast in November. The 1.2 percent increase was biggest since May, followed a 0.2 percent gain the prior month, the Commerce Department said today in Washington. Purchases excluding automobiles jumped 1.8 percent, the most since January 2006.Finally we see something that could bring some relief to this market, stopping market volatile and all stress around in investors, about a possibility recession. I will be worry in the US economy when we start to see a decrease in the creation of jobs and a decrease in spending, until there, I’m still very confident in thiseconomy. I'm convinced that we'll move up again.
Chart courtesy of stockchartsRIG may be ready to breakout !!
Looking at the chart stock has had a nice run over the past few weeks and today stopped again at the major resistance $139. I'll be Bullish in this stock if breakout this area.
Looking at the chart stock has had a nice run over the past few weeks and today stopped again at the major resistance $139. I'll be Bullish in this stock if breakout this area.
Chart courtesy of stockchartsRMBS is looking great in this cup and handle. Now all we need is for it to break naturally. Keep Rambus on your lists for a potential break-out candidate, if markets cooperate.
Shares of First Solar were up today nearly 3% or $6.67 to $248.35, reaching during the regular session a new 52 week high at $256.45. The daily chart show a continuation of the up trendline 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. Keep an eye on FSLR for a possible over $256.45. UBS upgraded stock today with a buy and a new price target of $350 per share.
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
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, December 12, 2007
Trade Ideas for Thursday - ADSK, ENER, FCEL
Chart courtesy of stockchartsADSK shares can be ready to breakout over$50 soon. RSI and MACD still going up. Keep an eye on her !!!
Chart courtesy of stockchartsFCEL setup nicely this week making a new 52 week high yesterday at $12,24, however at this level looks like it could go either way here depending on the markets mood, but keep in mind that stock is currently in Overbought conditions. So, it's very likely see a pull back to support. Let's see which will be the next markets move. Overall FCEL still Bullish in long term.
In stock market action, ENER shares have broken the $32-a-share barrier, which had marked the peak of the last Bullish movement. Stock opened space to move up to next resistance at $36. Thechnically chart looks Bullish in short term, with share price above its 50 and 200 dma. MACD is also on top of 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
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, December 11, 2007
Fed reduces rates and markets fall
The Dow Jones industrial average has plunged nearly 300 points as investors disappointed by the Federal Reserve's rate cut sold off stocks. The Dow ended the day losing 294 points to 13,432.42. The Standard & Poor's 500 index fell 38.31 points, to 1,477.65, and the Nasdaq composite index fell 66.60 points, to 2,652. In my opinion, apparently this decision was really a disappointment but this is not a reason for a Sell-off like this, I think tomorrow we'll close in the green. For now the bull trend from 1406 lows on SP still remain intact. The next couple of days will tell the story.Let's see...
Nasdaq has a support at 2063.
Keep an eye on VMware shares tomorrow for a possible breakout over $100.
After a day like this, the behaviour of Rambus shares surprised me completely. Stock still showing a lot of strength to move up, and today was a good example.
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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About Me
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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