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Thursday, August 30, 2007 

Garmin scenarios, Ciena earnings, Sulphco Breakout

Chart courtesy of stockcharts

The chart suggests a strong confidence in Garmin, however there are possible two scenarios in the near term : 1º Possible breakdown of the trend line mentioned in the chart at $98. 2 º Possible breakout over $104.99 to all time highs . So, keep an eye on GRMN.

Chart courtesy of stockcharts

Ciena shares closed down more than 3% to $37.20 today after company said on early in the morning tha it had grown faster than the overall market in the past two years and expected to do so again in fiscal 2007. Company reported early in the morning higher-than-expected quarterly earnings, helped by demand for Internet capacity and lower expenses, and its shares rose 4 percent. The company reported profit of $28.3 million, or 29 cents per share, for the third quarter ended July 31, compared with a year-earlier loss of $4.3 million, or 5 cents per share, that reflected higher administrative expenses and restructuring charges. Looking at the daily chart stock is trading in a short downtrend as show the white line in the chart, but in a Bull Market with 50 dma above 200 dma. RSI is in a neutral zone with MACD above 0. Keep an eye on CIEN for a possible breakout of $38.30 or on the other hand for a breakdown of $36.

Chart courtesy of stockcharts

SUF - Sulphco stock broke out the major resistance of %5.95 confirmed by a strong volume, it's now a stock in a breakout mode without resistances above.

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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Ecologically-friendly energy

Sony has announced the development of a bio battery that generates electricity from carbohydrates (sugar) utilizing enzymes as its catalyst, through the application of power generation principles found in living organisms. Test cells of this bio battery have achieved power output of 50 mW, currently the world's highest level for passive-type bio batteries. The output of these test cells is sufficient to power music play back on a memory-type Walkman. In order to realize the world's highest power output, Sony developed a system of breaking down sugar to generate electricity that involves efficiently immobilizing enzymes and the mediator (electronic conduction materials) while retaining the activity of the enzymes at the anode. Sony also developed a new cathode structure which efficiently supplies oxygen to the electrode while ensuring that the appropriate water content is maintained. Optimizing the electrolyte for these two technologies has enabled these power output levels to be reached. Sugar is a naturally occurring energy source produced by plants through photosynthesis. It is therefore regenerative, and can be found in most areas of the earth, underlining the potential for sugar-based bio batteries as an ecologically-friendly energy device of the future.

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Wednesday, August 29, 2007 

Breakout stocks in today session

Chart courtesy of stockcharts

Nokia brought great news for the market. Nokia have announced today the Nokia Music Store, which offers people the possibility to enjoy music directly on their Nokia device or personal computer. The Nokia Music Store is opening across key European markets this fall with additional stores in Europe and Asia opening over the coming months. Individual tracks will cost EUR 1.00 and albums from EUR 10.00. In addition Nokia also announced four new mobile devices specifically optimized for entertainment, music and games. Stock react positively to this news sending shares up more than 7% breaking out the major resistance of $31. Thechnically chart looks Bullish, with both 50 dma 200 dma going up and MACD on top of 0. In addiction with K line back above D line we should see the stock continue to go up.

Chart courtesy of stockcharts

Seagate shares were up nearly 4% on Wednesday closing at 25.39 after company raised its outlook for its fiscal first quarter on Tuesday, due to favorable supply and demand conditions and a better product mix.. Looking at the chart Seagate "STX" has had a nice run over the past two months and made a nice trend higher. As seen by the chart, Seagate broke out today a tremendous resistance at $25, so now pullbacks in the stock should be valued as buying opportunities. I think stock should pullback to $25 ( resistance now becomes support ) per share before making the next move. From a technical perspective stock is trading in a Bull trend in the short term.

Chart courtesy of stockcharts

Actuate Corp. may be ready to breakout !!
Looking at the chart stock has had a nice run over the past two weeks. I'll be Bullish in this stock if breakout $7, so keep an eye on ACTU.

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 in focus today

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

Most actives : INTC , AAPL, PDLI , MSFT, CSCO

Gainers : SSTR , SCON , IVA , AGIX , DY

Losers : LNUX , PDLI , ANEN , MVE , RDTA

Buy / Sell Recommendations :

MVL - Marvel Enterprises upgraded by Matrix Research from "hold" to "buy".

IVAC - Intevac Inc Analysts upgraded by Brean Murray from "sell" to "hold".

ALGN - Align Technology downgraded by Jefferies & Co from "hold" to "underperform".

TTMI - TTM Technologies upgraded by Longbow Research from "neutral" to "buy".

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

AC

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Harry Potter Wizards Wand


Are you a big Harry Potter’s fan? What do you think to have your own wizard wand? Yeah! You can have it! I found a website where you can do your own wizard wand. Yours will be made from paper. But do not be deceived it will be every bit as magical as the real wands used in the film, and if you make it carefully will look just as good. Because glue is used on the paper to harden it, this wand is a made of a type of papier mache. You can paint your want in any colour you want, and the instructions show you how to make you wand look distressed (that is a technical term that furniture makers use to describe the process of artificially aging an item), and really ancient; fit for Harry Potter himself.

Free download instruction sheet here

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Tuesday, August 28, 2007 

Garmin ready to ..... ? US Markets with a big drop

Chart courtesy of stockcharts

What do you think it will happen to Garmin stock after today drop ? breakdown the trend, double top made or just a restest of the uptrend ? Give me your tips and share with the others investors !!! Honestly speaking I think stock will test the uptrend once again. This baby since the begin of the year has been one of my top picks. Stock are still making nice upwards, and the Bullish pattern is very clear on the chart, however today close below 20 dma, should push stock to test the uptrend line at $92.

Chart courtesy of stockcharts

S&P 500 closed down 2.35%. New selling pressure came to the market after FED minutes, worries about the economy are still on the table. Technically indices closed the day in a bad technical situation, SPX below its 20,50,200 dma.

Chart courtesy of stockcharts

The Dow Jones Industrial Average closed down 2.10% and has now the major support at its 200 daily moving average.

Chart courtesy of stockcharts

Nasdaq Composite closed down 2.37%. Indicators are showing bearish signals, such as CCI and RSI. Since July highs Nasdaq is trading in a short downtrend as show the chart, it has now the major support as DowJones at 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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Stocks in focus today

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

Most actives : INTC , CSCO, AAPL, SIRI

Gainers : XOMA, HOKU , ESCC, PLMD , AMOT

Losers : PSIT , TGIC , ILI, IVA

Macro economic news :

- Consumer Confidence for August fell to 105.0 versus estimates of 104.0 and 111.9 in July.

Buy / Sell Recommendations :

VCLK - Analysts at Needham & Co upgrade ValueClick Inc from "hold" to "buy".

OSIP - Analysts at Lehman Brothers upgrade OSI Pharma from "underweight" to "overweight"

GPS - Analysts upgrade Gap Inc from "neutral" to "positive."

MGP - Analysts at Matrix Research downgrade Mentor Graphics from "buy" to "hold.

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

AC

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GTW takeover , Trade Ideas - CROX, and NOK

Chart courtesy of stockcharts

Crocs stock has broken out to all time highs during today session at $61.99, after news that company introduced a clothing line at a trade show in Las Vegas. However in the final hour stock retracted closing below $60. All inidicators are still in Bullishs areas. Let's see if tomorrow stock will confirm intraday breakout, also today sentiment of the market doesn't help stock. Support at : $55.40 and Resistance at :$62

Chart courtesy of stockcharts

Nokia may be in a consolidation phase following a nice trend. Looks like it will move up again. Keep an eye for a possible breakout over $31.

Chart courtesy of stockcharts

GTW -Stock jumped 50% to $1.82. Acer will buy Gateway for $710 million, representing $1.90 per share a 57% premium over Gateway's last closing price. The rumours are now out.

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, August 27, 2007 

Air Race in OPorto, Portugal

Come here !!! I'll be there !!!!

I’m love planes, they are beautiful machines, and I don’t know if you that you already heard about Red Bull Air Race, is an exciting competition in which the world’s most talented pilots are up against each other in a race based on speed, precision and skill.

The competition features a dynamic new discipline of flying, called ‘air racing’ where the objective is to navigate a challenging race course in the sky, in the fastest possible time. Flying individually against the clock, the pilots have to execute tight turns through a slalom course consisting of specially designed pylons, known as ‘Air Gates’. They compete in knockout rounds with the two fastest pilots going head to head in the final.

The Air Race is not just about speed, the precision is very important to win points, because any mistakes incur penalty points which are then added to the pilot’s time. Flying low to the ground at speeds that can reach 400kph, while attempting difficult turning manoeuvres, requires immense skill that only a certain number of pilots in the world possess. That is why the pilots are hand selected based upon their expertise and experience. These pilots are at the top of their game. They have to be – the Air Race exerts huge demands on their flying abilities and they have to withstand forces of up to 10G. There is no room for error.

The next qualifying race will be in Porto and Gaia city (Porto/Portugal/ 1 September) in northern of Portugal. The twin cities of Porto and Vila Nova de Gaia, one of the oldest in Europe, were built on the banks of the Douro River, and are connected to each other through several bridges, one of which is the Dona Maria Pia Bridge, designed by Gustave Eiffel and built in 1877, and are therefore known as the "bridge cities". In the 20th century, the Arrábida Bridge was built, possessing at the time the largest support arch in the world.
The heart of Porto is a maze of medieval narrow streets, ancient shops, stone-paved streets and Baroque monuments, whereas Gaia is famous for the old Port Wine cellars, one Portugal’s most famous exports worldwide. It received the region’s name because, originally, it was exported from this area.

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Trade Ideas for Monday - BIIB, TLAB

Chart courtesy of stockcharts

Biogen Idec "BIIB" shares were up nearly 5% on Friday to a new 52 week high at $62.89 followed by a strong volume and breaking out an important resistance at $60. Stcok is now in a breakout mode and the chart suggests a strong confidence in Biogen stock, no resistances above and RSI has space to move up more.

Chart courtesy of stockcharts

TLAB- Stock is now in a strong momentum and Bullish Crossover over this week. TALB looks like it will test $11.50 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 Trading week !!!

AC

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Sunday, August 26, 2007 

Trade Ideas to analyze before Monday - GOOG, AAPL

Chart courtesy of stockcharts

GOOG has been a monster stock since it went public a couple of years ago. The stock has come down since its highs on January. According to the chart above it looks like it is finding a big resistance to break 50 daily moving average. It’s clear on chart that stock is moving in a downtrend channel, however during this week Bullish MACD crossover, so keep an eye on GOOG for a posible breakout over $521.30.

Chart courtesy of stockcharts

AAPL
- Bullish MACD crossover during this week, so keep an eye on Apple for a possible breakout over $137.

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, August 24, 2007 

Google Sky - Another excellent program from Google

Google has launched the Google Sky, this new addition to Google Earth enables viewers to check out the universe, from far galaxies light years, to planets and constellations. Google Sky, developed with some of the world's leading observatories, lets surfers tour a virtual cosmos at will. Now, users have the possibility to have a tour through the space and watch the stars from the comfort of their houses. To have this feature, you must download the new version of Google Earth.

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Trade Ideas for today - CROX , PCLN , JDSU

Chart courtesy of stockcharts

CROX is one of the better looking bullish charts that I am seeing. MACD K line also is on top of D line and RSI continues in Bullish territory, so Bulls for now don't need to be worried, stock may find some support at 20 dma.

Chart courtesy of stockcharts

PCLN is in a strong BULL Market. Looking at the chart above stock broke out today an important resistance at $79.73 and reaching also a new 52 week year high at $82.15. Let's see if stock will sustain tomorrow this movement. Keep PCLN in your watchlist.

Chart courtesy of stockcharts

JDSU has a chart that is looking bearish to me, stock failed to move up after earnings report and shares were down 5% with strong vomule, closing near the lowest level of the day at $13.64. If stock break down $13.50, it can quickly drop to $13 and retest again the lowest level of the year at $12.41.

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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Thursday, August 23, 2007 

Top picks for Thursday - CAVM and JDS Uniphase

Chart courtesy of stockcharts

Shares of JDS Uniphase will be in focus tomorrow after company said Wednesday its fiscal 2007 fourth-quarter loss narrowed, helped by improved results from sales of communications and test measurement products. JDS Uniphase lost $17.9 million, or 8 cents per share, in the quarter ended June 30, compared with a loss of $45.8 million, or 22 cents per share, during the same period a year prior. Revenue rose to $350.7 million from $318.2 million. Looking at the technical chart stock is moving within a negatively inclined channel since May of 2006. At this moment, it is testing the 50 dma as resistance area. In after hours stock is trading up more than 3% so pay attention tomorrow for a possible breakout of the upper trend line at $15.50. I'll be Bullish on stock only if it breakout this trend.

Chart courtesy of stockcharts

Calvium Network shares were down nearly 2% today closing at $29.92. CAVM looks like it broke out of a tight consolidation and is now pulling back to test the breakout area as support.

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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Luxury micro cars - Take a look !!!




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Wednesday, August 22, 2007 

Top picks for Wednesday - Garmin, NUAN and REGN

Chart courtesy of stockcharts

GRMN - Garmin shares are still moving in a strong Upside momentum. Stock rose nearly 5% , closing at $102.50, just a few dollars of the historic highs $105.75. The stock is current on a strong bull market with MACD above 0 and both 50 day and 200 day moving average moving up. Technically speaking and based on the indications of chart above, Garmin shares should continue to move up for long term. Don’t be surprised if the stock hits new highs tomorrow.

Chart courtesy of stockcharts

NUAN - Another breakout stock !!! Nuance Communicatoins shares have broken $19 today, the major resistance in stock. The technical chart above show that the stock is now in a rally after breakout today a key resistance level of $19. Overall technical picture show stock still in Bull market trading above 50 day and 200 day moving average.

Chart courtesy of stockcharts

REGN - Keep an eye on REGN for a possible breakout over $19.

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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Spencer Tunick in Switzerland

Naked volunteers pose for U.S. photographer Spencer Tunick in the Aletsch region, Switzerland's in front of the Aletsch glacier August 18, 2007. Tunick held the photo session for a Greenpeace campaign to raise awareness of global warming. Tunick, perched on a ladder and using a megaphone, directed nearly 600 volunteers from all over Europe and photographed them on a rocky outcrop overlooking the glacier, which is the largest in the Alps. Later he took pictures of them standing in groups on the mass of ice and lying down. Camera crews were staged at five different points on the glacier to take photographs. Glaciers are sensitive to climate change and have been receding since the start of the industrial age but the pace of shrinkage has accelerated in recent years.

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Tuesday, August 21, 2007 

First Solar and WFR rebound, CAVM Breakout

Chart courtesy of stockcharts

CAVM - Breakout alert !!!

Shares of CAVM were up 5.6% today to $29.74 and reaching during the session a new 52 week high at $30.25. Calvium Networks is one of the hottest stocks in the market right now. The recent IPO was at 13.50$ and stock is now above 30$. 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 two weeks it has been phenomenal on Calvium Networks, stock came from $21,53 to above 30$ in just a few days. I won't be surprise if CAVM reachs new highs tomorrow, because indicators are extremely Bullishs. Keep an eye on her.

Chart courtesy of stockcharts

WFR - At the close, MEMC Electronic Materials shares were up nearly 5% to $56.89, as investors returned to buying after last week drop. I really like this chart because the stock found support at its MA 200 and rose decisively from that average. The technical chart shows the stock is now on a short term uptrend and has chance to start new rally as K line is about to cross on top over D line. Keep an eye on WFR.

Chart courtesy of stockcharts

FSLR- First Solar may find some resistance to break 50 daily moving average at $97.25.

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 example.

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

AC

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Monday, August 20, 2007 

Stocks in focus today

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

Most actives : SUNW , INTC , MSFT,CSCO, AAPL

Gainers : VIAP , FCMC , SCT , IGO , RHY

Losers : SHEN , REST , NRVN , IMH , PNS

Macro economic news :

- Leading Indicators for July rose .4% versus estimates of a .4% gain and a -.3% decline in June.

Buy / Sell Recommendations :

LAMR - Lamar Advertising upgraded from "hold" to "buy", by analysts at Stifel Nicolaus & Company.

FSLR - First Solar upgraded from "hold" to "buy", by analysts at Deutsche Bank Securities

NNBR - Analysts at BB&T Capital Markets upgrade NN from "hold" to "buy".

OVTI - Analysts at Needham & Co upgrade OmniVision Technologies from "hold" to "buy".

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

AC

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Trade Idea - Research in Motion and Cavium Networks

Chart courtesy of stockcharts

CAVM - Cavium Networks is printing an up trend in the daily time frame up from 13.50$ ( share price of IPO ) 3 months ago to the present $28.16. Keep CAVM in your watchlist next week for a possible breakout over $28.54.

Chart courtesy of stockcharts

RIMM had a tremendous movement today. Shares were up more than 11% to 220.52 closing above 20 dma followed by strong volume. It seems that investor confidence on stock returned strongly. Keep an eye next week for a possible breakout over $235.98.

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.

Have a good trading day !!!

AC

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Saturday, August 18, 2007 

Trade Ideas for Monday - Garmin, Network Appliance, Gateway

Chart courtesy of stockcharts

GRMN - Chart looks Bullish in long term even after recent losses, the uptrend continue intact, however there are some cautions that you should be aware, for example a possible breakdown of the trend at $87. Stock have found support at 20 daily moving average.

Chart courtesy of stockcharts

NTAP - Bullish MACD crossover today and should support higher prices on stock in short term, it seems that it will fill the gap soon. Stock may found resistance at the top of the Gap at $28.50.

Chart courtesy of stockcharts

Gateway is another stock with similar picture regarding MACD Indicator. A bullish signal was now created due to the fact MACD moves from negative to positive, so the chart suggest a continuation of this new trend.

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 Weekend !!!

AC

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Friday, August 17, 2007 

Trade Ideas for Friday - First Solar, NTAP and Gateway.

Chart courtesy of stockcharts

Network Appliance shares were up today more than 4% to $25.27 after company announced a share buyback and forecast better-than-expected revenue for the current quarter after the closing bell Wednesday. Looking at the daily chart, share price is inside the gap, so the expected action is that NTAP may fill the gap.

Chart courtesy of stockcharts

First Solar was upgraded today by Lazard Capital from Hold to Buy, however this news did not avoid another big drop in share price. It seems to me that stock tomorrow will bounce some points, after to have recovered in the final hour. Resistance $95.

Chart courtesy of stockcharts

Shares of Gateway were up more than 4% to $1.25 with a volume above average. Stock confirmed today my previous analyse and MACD K line just finished the day under D line, so pay attention to this indicator for a possible fast reboung on stock. First resistance 13 dma at $1.26.

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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Thursday, August 16, 2007 

Trades Ideas for Thursday - RMBS,GTW,BIDU

Chart courtesy of stockcharts

RAMBUS shares were down nearly 2% closing at $13.04. Stock is now approaching of major support at $13. Looking at the daily chart, stock is trading in a clear Bearish Market with 50 dma below 200 dma and all indicators also in Bearish territories. In my opinion if stock breakdown $13 in a close, RAMBUS should fall to target $10.25 ( 2006 lows ) before move up again. It's only an opinion based on the chart of long term, nothing more.

Chart courtesy of stockcharts

GTW - Stock may have found a bottom at this level. According to MACD and Full Sto. it seems that share price will move up soon. Keep an eye on GTW for a possible breakout over $1.27.

Chart courtesy of stockcharts

BIDU shares may have found support at 50 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 example.

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

AC

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Tuesday, August 14, 2007 

Trades Ideas - JASO and FLR

Chart courtesy of stockcharts

JASO shares were down today nearly 6% closing at $32.05. Today was another desapoint session for longs on Jaso stock. For now, the optimism quickly faded and the bull run disappeared. JASO is down about 25 percent from the 52 week high of $43.87. Keep an eye on stock for a possible break of the ascending wedge.

Chart courtesy of stockcharts

FLR - Looking at the daily chart, stock yesterday broke out of the daily base and came back to test the breakout area as support today, with sucess. So, it appears that it will move to new highs soon. Bullish MACD already crossed and RSI have space to go up too.

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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About Me

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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