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Tuesday, November 27, 2007 

Stocks bouncing back

Chart courtesy of stockcharts

A lot of people still convinced that the Bear Market started, but honestly speaking I'm not yet convinced, even after Indices having broken some important supports, it's my opinion nothing more. I see this decline in share prices as an opportunity to buy cheap, I know that the recession is still well present in the minds of many investors, but clearly there is no fundamentals reasons yet to put this issue now on the market. Consumers still spending, market still creating jobs, GDP continues to grow modestly and taxes are in a declining phase, so it's a matter of time to start to see this market moving up again !!! Crisis in the mortgage market is serious but let's see what the market will tell in the weeks to come. I'm very Bullish at these levels, no one knows the future ahead, but it's clear that this could be a good moment to enter long. Good luck and keep your head fresh for a new movement.

Chart courtesy of stockcharts

Advanced Micro Devices "AMD " shares were down 1.1% today reactiing to some negatice comments from a broker, however stock made a nice run-up in the last minutes of the trading, with volume above daily average, suggesting that the sell-off maybe over. The technical chart shows this is still a weak stock as 50 day moving average is still below 200 day moving average. MACD which just dropped below 0 again recently indicating a bear signal as well. One positive signal is KD where K line just crossed on top over D line showing a rally is about to begin. Stay tuned on AMD.

Chart courtesy of stockcharts

Transocean "RIG" shares were up nearly 5% today to a new 52 week high at $137.59, breaking out an important resistance at $131. Stcok is now in a breakout mode and the chart suggests a strong confidence in stock, no resistances above and RSI has space to move up more.

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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20:52 | |

Thursday, November 22, 2007 

May be the bottom here !!!

Chart courtesy of stockcharts

The bottom has been finally found, in my honest opinion. Now, I suppose that we'll initiate a new uptrend to test the 200 dma as the first resistance for this new Bullish race. The volume of yesterday and today session surpassed the daily average, showing that the turning point is near and in my opinion here. I hope !! so, keep your eyes open !!!

Chart courtesy of stockcharts

AAPL has found an important support on its 50 dma. The stock has the opportunity to start new rally as K line is again back above D line, also RSI is now in a neutral zone. Keep an eye on AAPL.


Chart courtesy of stockcharts

Rambus sustain selling pressure in the final hour and close above the major support of $18. Only a close below this mark with volume, will change the 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. Have a nice evening !!!

AC

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01:08 |

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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21:02 | |

Wednesday, April 25, 2007 

Hello .......13000..mark...... " WOW "

Chart courtesy of stockcharts

For the fist in the history of the US markets Dow Jones passes 13000 mark, after many of the country's biggest companies surpassed analysts' first-quarter earnings projections. In addition to earnings, adding to the momentum Wednesday was a surprisingly strong reading on durable good orders, which rose 3.4 percent in March, above forecasts.

Chart courtesy of stockcharts

On the other hand, Sun Microsystems Inc. plunged 67 cents, or 11 percent, to $5.27 for the steepest decline since September 2003. The world's third-largest maker of server computers said fiscal third-quarter revenue rose 3.3 percent to $3.28 billion. That missed the $3.41 billion average estimate of analysts. Looking at the chart stock retested the support at 5.20, however closed above. Indicators are now negative with back again below 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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20:01 | |

Saturday, March 31, 2007 

Dowjones - The wall 50 dma

Chart courtesy of stockcharts

Stocks finished mixed today with Dow Jones industrial up 2.64 to 12,351.39, Nasdaq composite rose about 0.2 percent and the S&P 500 down 1.50 to 1,421.03, while U.S. light crude oil for May delivery fell 16 cents to $65.87 a barrel in New York Mercantile Exchange. I'm neutral in the markets right now, but more bearish than Bullish, however looking at the chart above of Dow Jones it's seems to me that the 50 dma still a big resistance to break, also with MACD and CCI decreasing, so I'm more 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 for now!!!!

AC

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08:24 | |

Friday, October 27, 2006 

US Markets Pull Back

Chart courtesy of www.stockcharts.com ( click to enlarge )

Following last post about APOL shares, the stock on Friday had a good performance because did not do a new low neither a double bottom only a high-low even in a bad day for the markets, so I still confident that the trend now will be on the upside.


Chart courtesy of www.stockcharts.com ( click to enlarge )

The daily chart of Nasdaq it show that recently 50 dma has croosed on top over 200 day moving average - a Bullish signal.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Stocks pulled back Friday after the Commerce Department reported that the economy grew at the slowest pace in more than three years. Dow Jones industrial down 73.40, or 0.60 percent, at 12,090.26, Standard & Poor's 500 index down 11.74, or 0.85 percent, at 1,377.34, and the Nasdaq composite index fell 28.48, or 1.20 percent, to 2,350.62. A Pullback for a consolidation.

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

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

AC

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23:02 | |

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  • I'm a 45 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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