AC Investor Blog

5 Chart set-ups to watch next week

Dearest Readers,

First of all, I would like to thank everyone who takes the time to visit AC Investor Blog. By the time you read this, I will be on vacation and will not be back until August 10th. Enjoy my blog and when I return I will have more trade Ideas to post.

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Netflix, Inc. (NASDAQ:NFLX) The stock closed lower for the week and below the 50-day EMA. The volumes on down days continue to be higher. The 20-day EMA is declining and the stock is well below it, so the medium-term bull market is under threat. Additionally, all technical indicators are looking bearish. The MACD indicator has entered the negative zone and the RSI has dropped to the oversold zone. If the history repeats itself, I believe a sell-off could happen again. Take a look at the coincidences of the chart.

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Amazon (NASDAQ:AMZN) declined sharply on Friday after the company issued Q2 earnings that missed analyst forecasts. From a technical standpoint, the rising channel has been broken to the downside on massive volume, suggesting the start of a new down phase. All indicators turned around quickly from bullish to bearish. Long positions should be avoided at this stage IMO.

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J C Penney Company Inc (NYSE:JCP) continued its bullish on Friday. The stock price is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. 9.43 is the level to watch for a breakout.

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Goldcorp Inc. (NYSE:GG) Strong Bullish engulfing bar Friday on decent volume. Worth keeping an eye on. Next resistance is now seen at 29.04 then 29.34. On watch.

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Symantec Corporation (NASDAQ:SYMC) has the perfect set up to make a nice run here. The break out point would be at 23.92.

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: AMZN, GG, JCP, NFLX, SYMC

19:58 | Permalink |

Stocks to Watch for March 14, 2014

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Goldcorp Inc. (NYSE:GG) stock price has been consolidating since its run up from 20 in early January to 28 in mid of February, with this level being the key resistance. The stock broke above that level today and looks poised to continue the uptrend. Next resistance is now seen at $30

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IAMGOLD Corp (NYSE:IAG) broke out above its 100-day EMA on expanding volume. This momentum could push this stock much higher from here. Next resistance is now seen at $4.37 then 4.88

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Kingold Jewelry Inc (NASDAQ:KGJI) showed some nice strength today. The stock price closed nicely above the major short-term EMA levels on strong volume. At this level, we should see the stock retest the resistance located at $1.99 followed by $2.17. The support level is adjusted to $1.73. The technical indicators still indicate a bullish tone in short-term.

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Allied Nevada Gold Corp. (NYSEMKT:ANV) Strong breakout of a symmetrical triangle. If the stock can break today’s high of $6.42, we should see a strong follow through move.

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Frontier Communications Corp (NASDAQ:FTR) Despite the bearish market action, FTR's stock performed well relative to the whole market. The next major resistance resides around the 5.05 price region. Only a close above that level would suggest further upside.

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: ANV, FTR, GG, IAG, KGJI

21:23 | Permalink |

Stocks to Watch for August 16, 2013

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Green Mountain Coffee Roasters Inc.(NASDAQ:GMCR) Stock price closed below its 50-day exponential moving average today for the first time since mid-July, which is a negative signal and the next major support is at 67.50. In addition, the MACD produced a new sell signal. Probably a good short here, especially if the market continues downward.

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Adobe Systems Incorporated (NASDAQ:ADBE) stock price remains under pressure and also broke down its 50-day exponential moving average today on solid volume. Therefore, below 45.71 (today's low) expect a new sell-off to at least 44. The MACD is near the negative zone and the RSI is below the 50% level, so I expect the correction to continue.

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Chesapeake Energy Corporation (NYSE:CHK) Basing here after a nice run. A rest is really good for this one as long as it holds the support of its 20-day EMA. Above 25.08 look for further upside with 25.52 and 25.60 as initial targets.

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NVIDIA Corporation (NASDAQ:NVDA) Nice move today on heavy volume. Watch for a good follow through day tomorrow. Next buy when clears the $15.5 area. From a technical standpoint, the short-term bias remains bullish on the stock, as it stays strong above both its 50-day EMA and the 14 level, which plays as a strong support since early May.

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Goldcorp Inc. (USA) (NYSE:GG) Looks ready for higher prices, buying on volume and bulliish engulfing candle. Keep on watch, may break this resistance here.

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: ADBE, CHK, GG, GMCR, NVDA

22:24 | Permalink |

Stocks to Watch for August 15, 2013

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Google Inc (NASDAQ:GOOG) recently broke down from its consolidation pattern. If you notice on the chart, the MACD made a bearish crossover below the zero line as the break down took place. As for my technical analysis , the stock could continue to go down and find some support around 840. If that support does not hold, the next support could be the rising EMA200 at 813. Daily technical indicators are bearish. MACD is dropping into negative zone and is below its signal line. Both RSI and Slow Sto have entered their respective oversold zones. Short-term Bearish.

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Amarin Corporation plc (NASDAQ:AMRN) surged 2.85%, with volume which was nearly 2x above average. The move pushed the stock above the 5.74 resistance level and gave a pocket pivot buy point. Lets see if tomorrow it breaks over $5.86

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Goldcorp Inc.(NYSE:GG) A potential inverted Head & Shoulders pattern is forming on the daily chart. A breakout above 30 will confirm this formation. If this scenario happens, expect more upward moves towards the 32 to 34 region. Long set-up on watch.

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AngloGold Ashanti Limited (NYSE:AU) We're getting closer and closer to a resolution of the current downtrend. For long positions to be initiated the stock needs to close above the 50-day EMA.

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Applied Micro Circuits Corporation (NASDAQ:AMCC) is holding up and near its all time high price. Worth watching long above 12.75

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: AMCC, AMRN, AU, GG, GOOG

23:20 | Permalink |

Gold Stocks to Watch tomorrow

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GSS - The stock was volatile and indecisive during the trading session today, but closed slightly higher at 4.63. The bias is neutral in nearest term but as long as price move above the major moving averages, the pressure still more to the upside. I think I will stand aside for now as the direction of the stock is unclear. The immediate support is at $4.50. On the upside, 4.91 region remains potential bullish target especially if the price is able to break above 4.77 area (June highs).

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VGZ might face a period of sideways action here while it consolidates the gains booked in the last trading sessions. The stock will face short to medium term resistance at $2. Once this level is crossed with good volumes, the stock can go to $2.5.

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ABX is still facing resistance around $46 area, however the technical chart still showing bullish bias wiht MACD indicating that the current short term price trend is very bullish. In addition, the technical indicator OBV is increasing, indicating accumulation of shares in the market. A break above $46 could trigger further upside momentum testing $47.25.

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GG - If the stock breaks through Thursday’s high of $42.68, I will enter for a trade.

Other stocks to watch tomorrow

Shares of Cell Therapeutics, Inc. (NASDAQ:CTIC) got a nice rebound on Monday and resistance level is $.415. Support level is $.358. I want to go long if stock break over $.415.

I continue to watch Generex Biotechnology Corporation (NASDAQ:GNBT) because the volume is still large so it could potentially break out again at any moment.

Shares of Sirius XM Radio Inc. (NASDAQ:SIRI) continues to trade in a tight range between $.96 - $1.02. I will be buying SIRI on any major pullback. A close above $1.10 would be bullish for the long term.

Shares of Somaxon Pharmaceuticals, Inc. (NASDAQ:SOMX) failed to close over the 10 day moving average again located at $3.68. A close over this level would be bullish and I'd look for SOMX to test the 50-day moving average at $3.87. When the stock breaks above this level, I plan to buy the stock.

Earnings Announcements for Friday

Agria Corporation - GRO
AnnTaylor Stores - ANN
Camelot Information Systems Inc - CIS
Champion Industries - CHMP
Chemspec International Limited - CPC
Corinthian Colleges - COCO
Ditech Networks - DITC
Exceed Company Ltd - EDS
Hibbett Sports Inc. - HIBB
Hormel Foods Corporation - HRL
J. M. Smucker Company - SJM
Kirkland's, Inc. - KIRK
Matrix Service - MTRX
New Oriental Energy & Chemical Corp. - NOEC
QIAO XING MOBILE COMMUNICATION CO LTD - QXM
Telecom Corporation Of New Zealand Ltd - NZT
Volt Information Sciences - VOL

New 52-week High stocks

MFE - MCAFEE, Inc.
CTXS - Citrix Systems, Inc.
CMI - CUMMINS ENGINE CO INC
FDO - FAMILY DOLLAR STORE
GGAL - Grupo Financiero Ga
FRG - Fronter Gold Inc
MFB - MAIDENFORM BRANDS INC
MGA - MAGNA INTL INC CL A
EBIX - Ebix Inc
HDB - HDFC BANK LTD

New 52-week Low stocks

BAC - BANK OF AMERICA CORP
WFC - WELLS FARGO & CO
MHS - MEDCO HEALTH SOLUTIONS
LNC - LINCOLN NATIONAL CORP
BBT - BB&T CORPORATION
BBY - BEST BUY CO INC
SVU - SUPERVALU INC
MWW - Monster Worldwide Inc
RTN - Raytheon Co
FHN - FIRST TENNESSEE NAT
RRC - Range Resources Corp
IRM - IRON MOUNTAIN INC
CTV - COMMSCOPE INC
EQT - EQT Corporation
ESI - I T T EDUCATIONAL SVCS
SAI - SAIC INC
QGEN - Qiagen N.V.
UPL - ULTRA PETROLEUM CP
KCG - Knight Capital
DV - DEVRY INC
ARRS - Arris Group Inc
BKE - Buckle Inc
ISIS - Isis Pharmaceutical
VPRT - Vistaprint Nv
WTNY - Whitney Holding Corporation
OCN - OCWEN FINANCIAL CORP
LPS - Lender Processing S
TFSL - TFS Financial Corp
CME - CME Group Inc
WINN - WINN-DIXIE STORES
SLF - Sun Life Fincl Inc
AMED - Amedisys Inc
PVA - PENN VIRGINIA CORP
POWI - Power Integrations
BXS - BANCORPSOUTH INC

MACD Bullish Cross

SYMC - Symantec Corporation
STEM - StemCells, Inc.
NAL - NEW ALLIANCE BANCSH
KGC - KINROSS GOLD CORP
PETM - PETsMART, Inc.
BMC - BMC Software Inc
CDE - COEUR D ALENE MINES
OTEX - Open Text Corporation
EK - EASTMAN KODAK CO
PAYX - Paychex, Inc.
BYD - BOYD GAMING CORP
TLR - TIMBERLINE RESOURCES
JCG - J CREW GROUP INC
JEC - JACOBS ENGR GROUP INC
SNPS - Synopsys, Inc
QNST - QuinStreet Corp
SILA - Gold Ameri Minng
HAR - HARMAN INTL INDS INC
PPC - PILGRIMS PRIDE CP
WBSN - Websense, Inc.
CYTX - CYTORI THERAPEUTICS
MYMX - Mymetics Corporation
PSS - Collective brands
VRGY - Verigy
TRMB - Trimble Navigation
SHAW - SHAW GROUP INC

MACD Bearish Cross

MRK - Merck & Co
DTV - Directv A
WSM - WILLIAMS SONOMA INC
BMY - BRISTOL MYERS SQUIB
PCS - MetroPcs Communications
D - DOMINION RESOURCES
V - VISA Inc
CATM - Cardtronics Inc
AES - A E S CORP
PH - PARKER HANNIFIN CORP
HK - Petrohawk Energy
BAX - BAXTER INTERNATIONAL
SOLR - GT Solar International
AGO - ASSURED GUARANTY LTD
KMX - CarMax Inc
COH - Coach Inc
NMR - NOMURA HOLDINGS
LDK - LDK Solar Co Ltd
DPTR - Delta Petroleum Corporation
IPI - Intrepid Potash Inc
DSCO - Discovery Laboratories
FWLT - Foster Wheelr Ag
FBR - Votorantim Adr
TRW - TRW AUTOMOTIVE HLDG
GOL - GOL LINHAS AEREAS I
EEGC - Empire Energy Corp
HUM - HUMANA INC
TMX - TELEFONOS DE MEXICO
LNT - Alliant Energy Corp
APKT - Acme Packet Inc
AFFX - Affymetrix, Inc.
UHS - UNIVERSAL HEALTH SV
HAS - HASBRO INC
LAZ - LAZARD LTD
BBG - Bill Barrett Corp
AMLN - Amylin Pharmaceutical

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.

Good luck to all,

AC

Labels: ABX, GG, GSS, VGZ

21:47 | Permalink |

The stock market engine will seize for few months

Stocks tumbled around the world again on concern government efforts to stabilize financial markets won't avert a recession. The signs of recession are now clearer than never. The German business confidence reported today showed a significant decline to the lowest level in more than five years in October as the deepening financial crisis dimmed the outlook for economic growth. The history shows that the financial problems should lead to several years of slowdown or recession. Two recent articles of the IMF show that there is no worst financial crisis for the real economy, than those with roots in the banking system. The banking crisis of the past thirty years have dictated that economic slowdowns caused, on average, about 20% of GDP in four years since followed. The IMF also concluded that 42 registered banking crises in 37 countries since 1970, cost on average 13.3% of GDP to the budgets of countries, via aid to banks and revenue. It looks like the stock market engine will seize for few months.

More trade Ideas below for Tuesday :

Chart courtesy of stockcharts ( click to enlarge )

GG -A dip below $15 again will accelerate the down move. On the upper side, the outlook will improve above $17.50. On the technical side of the stock, the 50 day and 200 day moving averages still indicates weakness as the stock still trading below both moving averages. The only technical indicator which shows signs of bullishness is Stochastics which suggest a buy signal as K line crossed on top of D line. Avoid fresh exposures until the stock closes above the resistance level at $17.50

Chart courtesy of stockcharts ( click to enlarge )

JNPR - The stock has broken all medium term supports, and appears weak. On the upper side, immediate resistance is at $18.05. The next resistance is at $20, and long position should be taken only above that level.

Chart courtesy of stockcharts ( click to enlarge )

PEP - Technically, the stock is in a downtrend. There are no signs of a recovery in stock price as yet. The average daily trading volume needs to exceed 10 million of shares. If a stock trades too thinly, chart analysis doesn't help much, because there just are not that many traders involved. One big buy or sell order can move the stock in ways that chart analysis just cannot predict. At the present moment, there is a risk of a drop to $50-$51. Stop-loss for long positions may be placed at $50.65. On the other hand, a close past $55 would impart bullish momentum.

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. See you tomorrow !!!

AC

Labels: GG, JNPR, PEP

09:04 | Permalink |

AC Investor Blog

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

Saturday, July 26, 2014

5 Chart set-ups to watch next week

Thursday, March 13, 2014

Stocks to Watch for March 14, 2014

Thursday, August 15, 2013

Stocks to Watch for August 16, 2013

Wednesday, August 14, 2013

Stocks to Watch for August 15, 2013

Thursday, August 19, 2010

Gold Stocks to Watch tomorrow

Tuesday, October 28, 2008

The stock market engine will seize for few months

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