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Thursday, January 05, 2006 

JDSU swing up again , Earnings seassons

Chart courtesy of stockcharts

Very good news was released today for JDS Uniphase.

Lehman Brothers upgraded JDS Uniphase Corp. to equal-weight from underweight, citing an improving fundamental outlook. The broker told clients that it believes the worst is behind and its checks suggest an improving communications business for the first time in five years.
Today JDSU have confirmed the break out of the short down trend started on December, so we can go further until the resistance 2.84, but we need more volume in the upside to give us the correct side.
Indicators Information : From Neutral to Bullish ( MACD + RSI + FullStoch )

Resistance : 2.74 , 2.80 Supports : 2.52

Macro Economic News :

Very Important Macro economic news was released today, weekly Jobless Claims Plunge to Lowest Level in More Than 5 Years, one more reason to believe that the American Economy it's showing very strong performance in the Labor Market and the economy will keep growing at a solid pace. The Labor Department reported today that applications for unemployment benefits dropped by 35,000 to 291,000, the smallest number since Sept. 23 of 2000. This decline of 35,000 claims was much better than Wall Street had been expecting, so the better-than-expected improvement in the layoff picture for last week was certain to raise hopes for a solid performance in job growth for December.

Today Hot stocks :

RMBS ( Rambus ) - The maker of computer memory technology said a judge dismissed a motion by chipmaker Hynix Semiconductor to throw out its lawsuit. UP 20.23%

XLNX ( Xilinx ) - The programmable-chip maker raised its third-quarter sales forecast, citing broad-based demand around the world. UP 6%

GME ( Gamestop Corp ) - The video game retailer raised its 2005 earnings outlook after strong December sales. UP 11.54%

After Hours

Most Actives : NOK , FITB , INTC , MO
Hot stocks : AFFX , TTWO , STZ , MANU

Earnings for Jan 6

Stocks : AZZ , LI , MOS , SHLM , GAAP , STG , VOL

That's All !!! Have a nice day !!


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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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