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Friday, March 31, 2006 

SUNW , GTW , LVLT , Crude OIL Big Jump

Chart courtesy of stockcharts

May crude closed today down 52 cents at $66.63 a barrel.
The May contract was up 3.7% for the week and up 5.8% for the month and end the quarter over 9% higher.
According to chart above we are now near to break the LT resistance at 68.20.





Chart courtesy of stockcharts

LVLT the stock of the week and the month......
Level 3 Communications Inc. on Tuesday raised its first-quarter and full-year financial outlook on a strong performance in its main network business. The company forecast operating income before depreciation and amortization, or OIBDA, at between $140 million and $150 million, up from its previous estimate of $105 million to $125 million, also the company increased its forecast for full-year OIBDA to between $600 million and $650 million, from a prior range of $550 million to $600 million. Level 3 reported consolidated adjusted OIBDA of $509 million for 2005. Level 3 also raised its net cash interest expense projection to $520 million from $505 million.
EMA 14 - Short term - Bullish
EMA 50 - Medium term - Bullish
EMA 200 - Long term - Bullish
Support : 5.04

Chart courtesy of stockcharts

On Thursday Gateway unveiled its new lightweight performance Gateway® M255-E notebook, which provides usability and IT-friendly features that make it ideal for professional customers such as businesses, educational institutions and government organizations that needs balance performance with IT simplification and cost-savings.
According to the chart above this stock have lost more than 25% since the start of the year, and have already touched in a new year low at 2.13 , so now the panorama it's not easy for Gateway, but the 2.13 could sustain some selling pressure, I think !! but with this chart it's dificult to predict the bottom of the stock.
EMA 14 - Short term - Bearish
EMA 50 - Medium term - Bearish
EMA 200 - Long term - Bearish
Support : 2.15 Resistances : 2.30 and 2.45

Chart courtesy of stockcharts

On thursday Sun Microsystems have informed the market that it has completed the acquisition of Aduva. So, after now Sun owns Aduva, a leading provider of heterogeneous knowledge and analysis capabilities and technology for managing software update needs and compliance risk in the enterprise.
According to chart above SUNW is trading in a short uptrend with a top at 5.65 and a bottom near of 5.10. The indicators shows now ( Fullsto ) some exaustion in the upside so at these levels we can see some profit taking as it occurred today.
EMA 14 - Short term - Bullish
EMA 50 - Medium term - Bullish
EMA 200 - Long term - Bullsih

That's All. Have a great weekend.....

AC

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Friday, March 24, 2006 

Crude Oil , HPQ , BRCM

Chart courtesy of stockcharts

U.S. stocks ended higher Friday but with a flat week for the market, investors preferred to tread cautiously ahead of an upcoming Federal Reserve meeting on interest rates next week.

May crude closed at $64.26 a barrel Friday, up 35 cents for the session and finish 2% higher for the week amid concerns about tightening U.S supplies. Crude oil still trading near of highs, so perhaps next week could be a key week for crude if it reach the $65.5o.

Chart courtesy of stockcharts

Indicators: Long term still Bullish - EMA 200 - 28.24
Medium term Bullish - EMA 50 - 32.34
Short term Bearish - EMA 14 - 33.34

Supports : 32.85 & 32.56 / Resistances : 33.41 & 33.64

Chart courtesy of stockcharts

Broadcom still trading in a downside as show the chart above, the indicators still showing Bearish signals, so be careful if we break the 43$ level, because we can go fast until the 40$ to close the GAP.

Macro economic news reported on Friday :

U.S. new home sales slumped 10.5% to 1.08 million in February to to their lowest level since May 2003, the Commerce Department said. Economists had been expecting sales to slip to only 1.21 million. Sales in January were also revised lower.

Big movers in after-hours :

T , LU , Q , GTW , LVLT , BLS , VZ

Hot stocks in after-hours :

SLR , GNBT , LEA

That's All. Have a great weekend !!

AC

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Saturday, March 18, 2006 

Dowjones & some stocks are now in Overbought conditions

Chart courtesy of stockcharts

The Dow Jones Industrial Average was up 26.81 points at 11,280.05, at its unofficial close, gaining 1.8% on the week. The S&P 500 rose 1.84 points to 1,307.17, registering a 2% weekly gain, while the Nasdaq Composite rose almost 7 points to 2,306.49, taking a 2% weekly gain.
Crude Oil have dropped 81 cents on Friday closing at $62.77 a barrel, but ended the week with a big jump of 4.7%.

Many stocks are now trading in Overbought conditions as CIEN, JDSU, PMCS,HANS, Etc... so we can see next week some profit taking in these stocks, if no news coming, it's my opinion based in the tecnical information.

According to the chart above the upside strenght of CIEN it seems to me that are slowing, take a look at the fullstochastic, if I'm correct please be careful in this stock if we broke the 5$ and 4.72 level.

Chart courtesy of stockcharts

JDSU was one of my favourite stocks of last 6 months , I have mentioned here some times, this stock already went up more than 125% since October of 2005, and have touched on thursday in a new year high, but now I think that could be a time to take some profits because had a great movement and is now trading in Overbought conditions and in the top of the trend. It's my opinion !!

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

AC

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Saturday, March 11, 2006 

HANS new High again !!! Novell , JDS Uniphase

Chart courtesy of stockcharts

Great stock & big Jump !!!

Is the Sky the limit ? hum !!! it's dificult to predict until where this stock can go, but during this week this baby touch again in a new high at 109.85, MACD still very Bullish.

HANS - Hansen Natural Corporation, through its subsidiaries, engages in the development, marketing, sale, and distribution of beverages in the United States and Canada.

Chart courtesy of stockcharts

On thursday of last week ( 02-03-2006 ) Novell said first-quarter profit sank from a year ago, when results had been boosted by a large gain from a legal settlement. Revenue fell 5.4% for the three months ended Jan. 31. According the chart above we can see some potential upside from here until the red line near 7.70~7.75.


Chart courtesy of stockcharts

According to chart we can see the Uptrend of JDSU, now with a top of 4$ and a bottom at 3.15, the indicators are Bullish, but showing some signals of invertion as Fullsto or MACD.

Macro Economic news reported on Friday

The employment report issued Friday by the Labor Department showed that job gains were fairly broad based. Construction companies, retailers, financial services all other industries posted payroll increases only manufacturing losses jobs. The employment showed a gain of 243,000 jobs in February, marked a pickup from the 170,000 positions added in January. January's payroll gain turned out to be slightly lower than the 193,000 new jobs first reported. The unemployment rate inched up to 4.8 percent from a 4 1/2 year low of 4.7 percent in January. Another important report was the average hourly earnings that rose to $16.47 in February, a 0.3 percent increase from January, this value compared with February of last year have increased by 3.5 percent -- the most since September 2001.

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

AC

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Sunday, March 05, 2006 

Intel - Warning the markets !!!

Chart courtesy of stockcharts

Gateway is a cheap stock ?
Yes, it's my opinion based in the fundamentals of this company, however the chart is ugly it's still continous showing many Bearishs signals. The stock in these levels are trading above the average volume.

Chart courtesy of stockcharts

Intel cuts sales target due to weak chip demand

Intel Corp. on Friday slashed its first-quarter sales forecast by half a billion dollars, as the world's largest chipmaker faces slowing growth in computer sales and stiffer competition from smaller rival as Advanced Micro Devices Inc., also Intel said that it expects revenue of $8.7 billion to $9.1 billion for the current quarter. The midpoint of that range is $500 million less than that of Intel's prior forecast for sales of $9.1 billion to $9.7 billion. Could 20$ support this stock in short-term ? I don't think so, because if the markets start falling INTEL will follow.

Importante note :

Unfortunately for me and certainly for you, I'll not be able to update daily this bolg due to my busy profissional carrier,but I promise that weekly I will updated the lastest financial news related with some active stocks during the week, as well I'll weekly analyse the charts and the future trends of these stocks, so I hope you continue to visit my blog that was created to help the investors less cautious and without any experience in the American markets. You can still send me emails for some help or something else that I'll reply soon, so my cooperation with you'll be daily available. I only ask you to understand this request as a small solution for this busy professional and family life. This blog will continue to be a reference economic blog but now only with weekly updates, but perhaps you'll see some daily information here if I think that could be very important to change the analyse of my charts, and useful for you.
Thank you so much for your understanding !!!

Tha's All. Have a great Sunday day !!!!

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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