AC Investor Blog

Swing trade setups for next week

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The stock market’s rally has been impressive since the start of 2018. The major indexes are now up about 8 percent in just one month, pushing RSI readings at levels not seen for a long time. As I mentioned on twitter yesterday, high RSI readings are usually interpreted as indications that a market is overbought, and 88 is a pretty high level for the RSI specifically in an index . So, based on that factor, i recommend you to be prepared for a potential pullback by holding a diversified portfolio with some protection because nothing can go up forever. I started buying some volatility last week as I think this market euphoria could end badly without some kind of consolidation or correction, and the volatility will be back again and much bigger than what we've seen before. That’s my thoughts and it must be seen as such, just a thought with some rationality. Honestly, i believe the easy gains have already been made in this market, and the losses on any downside move could be very sharp, erasing any profits that have piled up. Not wanting to scare anyone, the euphoria is not good in any case. I lived the dot com boom/burst and now im better prepared for anything that might happen. I still holding few longs positions in small/big names. Even so, there are some interesting setups that I will share for the coming week. As usual, use tight stops and have always a plan in mind for the ones that tends to fail.

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With the VIX trading above its EMA200, and with the short-term EMAs turning up, it appears the market's volatility could be back in the near term.

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Twitter Inc (NYSE:TWTR) Strong rally on heavy volume Friday following takeover rumors. This is a bullish sign, which is why I will be watching the stock on Monday. Resistance for this move is $25.85, which was the recent highs. Keep it on your screen next week.

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Pfizer Inc. (NYSE:PFE) was another winner for my twitter followers last week. After drifting for weeks the price finally broke out of a consolidation accompanied by high volume. Friday’s high was $39.09, which is resistance for the follow through move.

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Clean Diesel Technologies, Inc. (NASDAQ:CDTI) stock has back tested successfully the breakout zone. Let's see if the price can hold above this key support area next week and move higher.

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NXT-ID Inc (NASDAQ:NXTD) was on my list a few days ago, and has been slowly trying to make a move up. The stock has to close above the 20-day EMA, for it to pick up momentum. Watch the stock closely next week. Stop 2.13

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Daily chart is displaying upside momentum. I will be watching Facebook Inc (NASDAQ:FB) closely next week for a breakout above 190.66

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I have Immune Pharmaceuticals Inc (NASDAQ:IMNP) on my watchlist. It may be ready to break out of this base formation. Potential swing long above 62c

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: $INDU, $VIX, CDTI, FB, IMNP, NXTD, PFE, TWTR

19:24 | Permalink |

My Watchlist for Thursday, September 22

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In line with my anticipation, Juno Therapeutics Inc (NASDAQ:JUNO) confirmed today the reversal when it broke the downtrend line that had been in place since June. This momentum could push this stock much higher from here, so keep it on the radar. Next major resistance lies around the $34 level.

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Neothetics Inc (NASDAQ:NEOT) Thin name with a good looking chart. After consolidating sideways the last few days with an upward bias, the stock broke out upwards today accompanied by a volume surge. Could move toward 1.50 area if it breaks and closes above the declining 100-day EMA. The daily technical chart is bullish short-term with a lot of indicators showing up.

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BlackBerry Ltd (NASDAQ:BBRY) could move toward 8.30 area if it breaks current horizontal resistance at 7.82. Technical indicators are showing signs of turning around.

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Coiling up here. Celldex Therapeutics, Inc. (NASDAQ:CLDX) is potential breakout trade above 3.76 resistance area.

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Digital Ally, Inc. (NASDAQ:DGLY) MACD crossover and looking to see if stock can get over 6.34 for nice bounce into 7's

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Facebook Inc (NASDAQ:FB) watch for trend continuation toward 132 zone short-term.

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I'm watching Amazon (NASDAQ:AMZN) for a possible breakout from current rectangle pattern. Could accelerate if it breaks 790.79 resistance.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: AMZN, BBRY, CLDX, DGLY, FB, JUNO, NEOT

21:49 | Permalink |

Stocks to Watch for July 05, 2016

After a well deserved break I'm back to share with everybody FREE trade ideas. It was really a great time to unwind some of the pressure of markets and hope you all understand. I would like to remember everybody that you can follow me here, on Stocktwits, or on Twitter in real-time. I want to thank all my readers and blogging friends for the role that each and everyone had in the course I've been doing. Many thanks for the comments, the friendship and the support.

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Bluebird bio Inc ((NASDAQ:BLUE) showed relative strength last week and price broke through its downtrend line that it established since Dec 2015 on decent volume. MACD & ADX finally triggered the buy signal indicating that a new upward cycle has begun. The stock is now going to test the next resistance level at $47.66 which is the 100-day EMA. I'll be watching the stock on Tuesday, looking for a follow through move. It has momentum back on its side.

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Relypsa Inc (NASDAQ:RLYP) is currently displaying a large symmetrical triangle pattern along with some positive divergences showing up in the Daily indicators. The RSI also continues to support the bullish case with a move higher in bullish territory. Once the stock breaks through the upper line of triangle, we should see a heavy increase in buying. Another good point of interest is the high amount of shorts in the stock. If a buyout rumor gains traction again, then we could see a short squeeze which will lead to a significant upside move. I'm long here.

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MGT Capital Investments Inc. (NYSEMKT:MGT) The short-term exponential moving averages continue to support the trend of the stock as it still rises. The daily MACD lines are also trending upward. Let’s see whether the stock can gather enough momentum to break through Thursday’s high. If the Bulls are able to push through 4.59 next week, there will be a rally towards 5 area.

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Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) was a big winner on Friday as the stock ended up $.54 on the day. I will be watching the stock on Tuesday for a continuation move through Friday’s highs of $3.63. Although this big white candle is encouraging the near-term outlook stays cautious till the stock closes conclusively above the declining 100-day EMA (yellow line) on heavy volume.

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Twitter Inc (NYSE:TWTR) By looking at this daily technical chart, is very clear that the stock wants to move higher again, however it is approaching a long term resistance level that the stock has struggled to break in the past. Price needs to take out $18 level to continue higher. Watch the stock closely next week.

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Platinum Group Metals Limited (NYSEMKT:PLG) displayed some impressive relative strength on Friday with a 16.81% gain. Volume starts to pick up again. Could make a nice move to the upside. MACD lines are going up. A break of $4.04 with force might give the stock room to $4.50. On watch.

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NovaGold Resources Inc.(NYSEMKT:NG) Keep an eye on this one next week, setting up to break this resistance area. MACD and ADX both signal positive strength. The stock is trading above all major EMAs, also a bullish sign.

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Facebook Inc (NASDAQ:FB) On my watch list for this week. The MACD just produced a new buy signal. I would watch for a breakout over the $116 region.

While I was away, Stockal has continued to evolve towards its objective of becoming the numer 1 stock app for retail investors. So, Stockal (which is still FREE) gets you simplified investing indicators such as ConfidenceMeter (from Analysts), SocialMediaPulse (from trader chatter), Sentiment (from News and conversations on StockTwits/Twitter) and Revenue Predictions (of underlying companies, from thousands of analyst estimates). Interestingly, now you can trade via the app by just linking your brokerage account to it. They work with all the top brokerages of the country. Not just that, if you feel like you need a friend or an expert's opinion before trading or if you find an article worth sharing, then you can use Stockal Chat as well.

Stockal will release a paid version soon. So, get the free app before the plan ends.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: BLUE, DRNA, FB, MGT, NG, PLG, RLYP, TWTR

19:48 | Permalink |

Stocks to Watch for March 14, 2016

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First Solar, Inc. (NASDAQ:FSLR) On the daily technical chart the stock continues its up trend, with higher top and higher bottom formation. Recent high volume activity, along with positive crossover of MACD oscillator on the daily charts, suggest fresh buying interest in the stock. The daily RSI is sustaining above the 50% level and supports the bullish argument. Also, the 100-day exponential moving average continues to act as a strong support. So, as long as the stock holds above this key moving average, the trend remains to the upside.

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CombiMatrix Corp (NASDAQ:CBMX) closed on Friday at 5.78, gaining 5.67%. The stock shows signs of bottoming out with the recent up move fromits 52-week low. It has also moved back from oversold zone and maintains bullish bias by holding above short-term moving averages. I continue to see a confluence of "buys", with RSI crossing above 50 and MACD heading up. The company management will participate in one investor conference next week at the 28th Annual ROTH Conference on Wednesday, March 16, 2016. This could be a positive catalyst for shares.

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We finally got the breakout in Automatic Data Processing (NASDAQ:ADP). Shares rallied past resistance near $87 and hit my trigger to open positions. If the near-by support at $86.71 holds up on Monday, a rally up to the $89.5 level is probable or even possible. Only a close below $86 would negate the positive outlook. From a technical standpoint, the stock maintains a bullish bias with its recent run up, backed by the key daily momentum indicators.

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Advanced Micro Devices, Inc. (NASDAQ:AMD) printed a bullish engulfing candlestick pattern on Friday and some volume came in. It looks good to continue higher from here as long as the market is moving with it. The momentum indicators on daily charts suggest signs of up move and the stock is likely to show further advancement on a successful break out of the 2.55 level.

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Vipshop Holdings Ltd - ADR (NYSE:VIPS) is displaying a short upside momentum and is poised to move higher from these levels. Short-term traders could go long once the share price moves above the declining 50-day exponential moving average. Although this trend is encouraging, the medium-term outlook stays cautious till the stock closes conclusively above $13 on heavy volume.

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Alphabet Inc (NASDAQ:GOOG) closed Friday's trading session at 726.82 above the previous high, signifying that a new short term uptrend is in place. Near term support is now located at $720, as long as this level holds, I'd expect the uptrend to continue. Key indicators on daily charts also suggest continuation of the rally, potentially up to the 740 level.

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Facebook Inc (NASDAQ:FB) shows signs of reversal of trend with its recent advancement, however only a strong close above 110.55 would indicate that the stock is ready to move higher. We need to see more volume on the upside.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: ADP, AMD, CBMX, FB, FSLR, GOOG, VIPS

18:45 | Permalink |

Stocks to Watch for January 29, 2016

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Facebook Inc (NASDAQ:FB) Looks ready to break out into new high territory. The daily technical chart above shows the stock is on a bull market as it is trading above both EMA50 and EMA200 and the EMA50 is on top of EMA200 heading upwards. The MACD just crossed above signal and the RSI chart is showing some strength in this movement. Watching 110.65 area for a squeeze.

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Intrexon Corp (NYSE:XON) had a strong upward jump yesterday on strong volume which broke over the expected resistance of 27.5 to 28 zone. Watch for a follow through day and consider a stop loss just below the most recent bottoming level around $25. Momentum is picking up with MACD climbing and MFI continues to trend higher. Long setup.

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Under Armour Inc (NYSE:UA) needs to take out the $85 resistance area in order to convince bullish buyers at these levels. The near-term outlook is bullish. I like the stock as a buy on any dip.

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Goldman Sachs Group Inc (NYSE:GS) is displaying a screaming buy divergence on the upside. A close above 158.24 will impart bullishness and will help the stock move to the $162 area. The stock price has been floating around this range (151.5/158) for several trading sessions in a row and I think we could see a sharp move higher from here. All major indicators are in favor of an upward price movement. Long set-up on watch.

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Kinder Morgan Inc (NYSE:KMI) has been slowly gaining traction amid strong buying pressure the last few days. A break through this 15.7 area could accelerate the stock higher.

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Bank of America Corp (NYSE:BAC) is in the process of bottoming and I expect a pop above $13.73 at some point in the coming days. Keep it on watch. Stop 12.92

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: BAC, FB, GS, KMI, UA, XON

10:17 | Permalink |

Chart Setups for Week of January 25th, 2016

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Chimerix Inc (NASDAQ:CMRX) Today I am giving readers a play that I have alerted in the past and had several times double digit gains in one day. I rarely alert the same stock more than once in a short period of time but CMRX is set up so perfectly I can not resist. As you could see by the daily technical chart above, the stock has the potential to witness a significant uptick. In the short-term, it has formed a small bullish flag. Breaking above 9.12 will signal the breakout of this flag formation pushing the stock towards 9.72. With a break of this key resistance point, the chart then enters into Blue Sky Breakout territory (HUGE GAP) and future resistances are not until way above. From a technical standpoint, money flow indicators starting to turn upward and MACD is gaining traction. RSI is also significantly oversold, which suggests a rally could be coming up. Plus, insiders and institutions have been buying. In my opinion and based on the chart, the stock is set for a big move next week. Be sure to get it on your radars. Im long and my stop is located at 7.49.

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KB Home (NYSE:KBH) rebounded on solid volume Friday. Gonna have to watch it carefully on Monday to see if we have hit bottom and should grab some for the ride back up. Daily technical indicators are displaying positive divergences. Slow stochastic is moving up from the oversold zone, suggesting that a bounce might take place and the daily RSI is giving the same signal. Watch the stock closely next week.

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Apple Inc. (NASDAQ:AAPL) had a big pop on Friday and the stock price finally broke out of the descending channel that has been forming since the beginning of the December 2015, which is very bullish. The technical daily chart appears to be bottoming with indicators pointing to short-term reversals. I feel that this stock can easily run to 106's in the near term. Note: Next week the company will report earnings and this technical outlook could change quickly.

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Facebook Inc (NASDAQ:FB) not only broke the descending channel formation on the daily chart, it also managed to reach the $98 zone yesterday. Important to see how this acts over the next few days. The daily technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory these are the perfect conditions for a short-term rally. The Relative Strenght Index has reversed the course and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Note: Earnings Jan 27 AMC

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Juniper Networks, Inc. (NYSE:JNPR) has sold off over the past few months but looks to have found a bottom. The stock closed up 48 cents Friday on good volume. Daily MACD also gave a buy signal last week. Let's keep an eye on it as i think momentum will pick up. First upside target of $27

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Macy's, Inc. (NYSE:M) Will continue to watch this stock. Nice gap to fill if it can break through resistance.

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VirnetX Holding Corporation (NYSEMKT:VHC) struggling to breakout. The stock has been under strong accumulation lately and is now working its overbought condition. There is a need for profit taking for some consolidation from these high levels. The short-term outlook remains positive as long as the stock stays above the 9 & 13 EMAs. On watch for a clear of resistance (declining 200EMA).

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Kinder Morgan Inc (NYSE:KMI) had a very bullish move last week breaking several resistance lines with large volume and we should see a continuation move next week. The daily MACD chart is still showing an uptrend with the MACD indicator above its signal line and is indicating further strength. The RSI value is currently above 50% level. The short-term trend is bullish and a move to the 16.5/17.2 range appears likely. On watch.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: AAPL, CMRX, FB, JNPR, KBH, KMI, M, VHC

11:13 | Permalink |

Stocks to Watch for November 19, 2015

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Anavex Life Sciences Corp. (NASDAQ:AVXL) stock today surged 66% or $2.16 to $5.40 per share at ten times average volumn of 3.39 million shares after the company announced that it was preparing regulatory filings for its Alzheimer's treatment. The daily technical chart shows possibillity of a new rally as the stock finally broke the downtrend line from the 14.84 high with volume expansion. Watch for continuation.

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BlackBerry Ltd (NASDAQ:BBRY) Stock broke the downtrend line in late October that was in motion since July, then it came back and back-tested the trendline and rejected it. That's a clear bullish signal until proven otherwise. Nearest resistance is at $7.70. If this level is crossed and the stock is able to sustain above this level, then it might go to $8.27 (EMA200). On the technical side, chart also indicates bullish sign as the 20-day exp moving average has crossed above 50-day exp moving average with RSI line going up and MACD in positive territory.

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Netflix, Inc. (NASDAQ:NFLX) Resistance Breakout. Go long on the break of Wednesday’s high at 121. The momentum in the short-term remains bullish, with MACD trending upwards above its signal line.

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Integrated Device Technology Inc (NASDAQ:IDTI) Nice breakout. If the stock can break today’s high of $27.58, we should see a strong follow through move.

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Synopsys, Inc. (NASDAQ:SNPS) Setting up nicely for new highs.

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Facebook Inc (NASDAQ:FB) continues to perform strongly and appears poised to breakout to new highs. Keep it on watch.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: AVXL, BBRY, FB, IDTI, NFLX, SNPS

22:27 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Saturday, January 27, 2018

Swing trade setups for next week

Wednesday, September 21, 2016

My Watchlist for Thursday, September 22

Sunday, July 03, 2016

Stocks to Watch for July 05, 2016

Saturday, March 12, 2016

Stocks to Watch for March 14, 2016

Friday, January 29, 2016

Stocks to Watch for January 29, 2016

Saturday, January 23, 2016

Chart Setups for Week of January 25th, 2016

Wednesday, November 18, 2015

Stocks to Watch for November 19, 2015

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