Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
EBAY possible flag setting up on the daily as it consolidates on light volume.
Good to hear Jerry...once 2020 goes on the Comp some of these will trigger imo if not sooner.
BRCM day high...close to a major breakout out of a 5 month lateral base.
RIMM two nice tails off that 54/55 area...one to keep on watch if it can clear the gap at 58.25.
QCOM close to breaking out of a nice cup/handle pattern at 69.38...some minor resistance at 71.04 but on the 5 year chart there's no overhead between 71.04 and the mid 80's. Think we get into that open channel on the next market leg up. May trade laterally next few days as it forms a better handle.
Bullish descending triangle breakout on the QQQ's today...
http://stockcharts.com/def/servlet/SC.web?c=qqq,uu[h,a]dhcayiay[dc][pb50!f][vc60][J21244488,Y]&am...
SOX 490 looks like a bullish trigger point. We've now got 2 higher lows in place over the past month. I think this is the best shot of taking out the DT line and ramping the semi's. Many are in nice multi month bases...e.g. BRCM etc.
http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[h,a]dhcayiay[dc][pb50!f][vc60][J29715751,Y]&a...
Heres a look at the bullish wedge backtest on the weekly...
http://www.stockwerld.com/marketeye.htm
RHAT looks quite bullish in a lateral consolidation. I've got pattern measurement to 30+. Pullbacks continue on shallow volume.
Transports broke out today clearing their respective downtrend line....will the indices be far behind?
http://stockcharts.com/def/servlet/SC.web?c=$tran,uu[h,a]dhcayiay[dc][pb50!b200!f][vc60][J3150351...
LOL RIMM's only up about 35 pts the past month....wouldnt call a 3.73 pullback any significant weakness. A move to 111 would be normal natural behavior...
ASKJ is acting well....wouldnt be surprised to see it break to a new 52 week high in the days ahead. There has been plenty of insider selling at EBAY for years yet is hasn't stopped the stock from continuing its upside ascent.
Being end of month there was a very big block that crossed at the close....so they had to take the price down to clear the block. It should be back up tuesday all things held equal...this happens many times at the eom.
How about those EBAY/RIMM money trains....amazing stocks.
Bear a dip is certainly possible...but i think any unwinding tomorrow will be reversed next week barring the unforseen which can be said at anytime. I think the downtrend line is somewhat a magnet here intermediate term on all the indices.
NVLS...KLAC...MXIM...INTC all moving north after hours...looks like the semi's will lead tomorrow's move.
RHAT massive volume breakout...
Volume hit 1.8 billion on the Comp if you believe in rounding up...ive got a pretty important downtrend line coming in at the 2020/5 level which should cause some trepidation.
Jim likewise nice call to you in terms of the timing as well. If IBM can clear 90 you'll do well.
SOX double bottom breakout...projects to the 500 area and a clearance of the 200 day.
Maine would not be short here with the COMP breaking out of a 60 minute triangle with a strong upside measurement. However, all in good time <g>
EBAY just broke out to an all time high....didnt take long LOL
EBAY on the cusp of an all time high here...
60 min comp chart breaking out of a nice ascending triangle...pattern measures up about 60 pts maximum.
http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[m,a]eaclyyay[d20][pb50!b200!f][vc60][iUb14!La1....
Bullish divergence setting up on the 60 minute Comp chart...1935 is the trigger. Nice series of ascending lows now in place. Measures up about 50 points upon breakout.
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[m,a]eaclyyay[d20][pc50!c200][vc60][iUb14!La12,...
RIMM move looks exhaustive...possible topping stick forming should the stock close around current levels.
Steve thanks for the update!
Massive volume on the nasdaq...highest run rate that I've seen in many months if the Yahoo quote is correct.
NAZ lod...how many 10k and 1930 failures will it take until this market moves lower???
Poor action in the semi's once again...many semiconductor stocks have bearish 50/200 day crosses in place as well...SOX close.
Jim be careful...stocks with bearish 50/200 day crosses have typically underperformed in the intermediate term. 90 will be quite a burden for this stock...unless that were to clear I'd be looking elsewhere...jmo
Rob
Naz lod....beware of a gap down monday
Another failure over 10k/200 day Comp. How many of these doji's will we need to put in before we take the next leg down...simply zero buy volume.
Upside volume remains horrific...perhaps that will comfort you over the weekend!
Zeev take a look at this chart where relationship between the P/C and Comp are shown...suggests the turnips may well be correct intermediate term.
http://clearstation.etrade.com/cgi-bin/bbs?Cmd=post&post_id=5523670&Refer=
At 3:32 i have 1.2 billion shares on the Comp....the lightest I've seen in quite some time at this hour.
LOL...now what do you really think?
As much as Greenspan has messed up things...i'd expect little upside impact from that news. Volume today is poor at best. Probably just an options related relief bounce here.
Horrible volume on the Naz today...looks like a classic relief bounce/backtest towards the 200 day.
India melting down tonight down nearly 11%...