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STOCKS TO WATCH ON DEC 06: AAPL, EDU, IDCC, NOK, SPY

Please also follow me on twitter @garylee_hk for instant updates on market currents

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Apple, Inc (NASDAQ: AAPL) breaks below its ascending triangle, reversing its uptrend, as I mentioned yesterday on  my blog. http://stks.co/mG4T. Today, it falls 6.43% and another half percent during after hours. MACD is falling quickly and will soon be having a bearish cross. CMF is falling again. The picture on Apple is not nice. I shorted AAPL today. I have a target of $500 by the end of this week.

New Oriental Education (NYSE: EDU) has almost filled all of its gap after its accouting scandal. By the look of the huge drop in two days, touching lower Bband with low readings on RSI and Slow STO. Although I think this stock is due for some correction. I am nothing saying the uptrend still enacts, prices touching lower bband can consider as a BUY signal (by textbooks)

InterDigital, Inc (NASDAQ: IDCC) breaks above $44.00 today. 200 day moving average seem to come to a saucer bottom. MACD and CMF are holding up pretty well.

S&P 500 (NYSE: SPY) This is my first time covering technical analysis on stock index because today’s move is very interesting and bullish on chart. Today’s low hits $140.00 (or Index:1400) yet closing slightly above yesterday open/close. Resistance is found under 50 day moving average but it seems like SPY is making higher lows. After all, I am bullish on stocks towards to the end of 2012.
Nokia Corp. (NYSE: NOK) raised 12.79% today with huge volume and 2% more in after-hours. 200 day moving average might be bottoming. MACD is ticking up. Faster moving average crossing slower from below could trigger another buying power. But I think NOK is due for some correction, as this stock rarely stays over 70 on RSI for longer than 2 days.
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Stocks to Watch on Dec 06: AAPL, EDU, IDCC, NOK, SPY

 Apple, Inc (NASDAQ: AAPL) breaks below its ascending triangle, reversing its uptrend, as I mentioned yesterday on  my blog. http://stks.co/mG4T. Today, it falls 6.43% and another half percent during after hours. MACD is falling quickly and will soon be having a bearish cross. CMF is falling again. The picture on Apple is not nice. It seems to be forming so-called Elliot Waves. We are experience wave 3, which is, by theory, the longest and with most volume. I shorted AAPL today. I have a target of $500 by the end of this week.

 New Oriental Education (NYSE: EDU) has almost filled all of its gap after its accouting scandal. By the look of the huge drop in two days, touching lower Bband with low readings on RSI and Slow STO. Although I think this stock is due for some correction. I am nothing saying the uptrend still enacts, prices touching lower bband can consider as a BUY signal (by textbooks)

 InterDigital, Inc (NASDAQ: IDCC) breaks above $44.00 today. 200 day moving average seem to come to a saucer bottom. MACD and CMF are holding up pretty well.

S&P 500 (NYSE: SPY) This is my first time covering technical analysis on stock index because today’s move is very interesting and bullish on chart. Today’s low hits $140.00 (or Index:1400) yet closing slightly above yesterday open/close. Resistance is found under 50 day moving average but it seems like SPY is making higher lows. After all, I am bullish on stocks towards to the end of 2012. 
Nokia Corp. (NYSE: NOK) raised 12.79% today with huge volume and 2% more in after-hours. 200 day moving average might be bottoming. MACD is ticking up. Faster moving average crossing slower from below could trigger another buying power. But I think NOK is due for some correction, as this stock rarely stays over 70 on RSI for longer than 2 days. 
Posted in AAPL, EDU, IDCC, NOK, SPY | Comments Off on Stocks to Watch on Dec 06: AAPL, EDU, IDCC, NOK, SPY

STOCKS TO WATCH ON DEC 05: FSLR, NFLX, P, DDD, AAPL

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First Solar, Inc (NASDAQ: FSLR) does not only break above its ascending triangle pattern, finding great supports from 50 day moving average. it has also make a new 52w new high today with decent volume.

 Netflix (NASDAQ: NFLX) I commented about a possible short squeeze on twitter yesterday but I did not expect such a huge run like NFLX did today. I was expecting the squeeze ends around $85.00. I guess the market sentiment on NFLX is really bullish, at least for now. From the chart it shows me today, recovering MACD & MA(50) coming close to MA(200), I think the stock definitely has the potential to hit $100 in a short while. Unless tomorrow actions is bearish and closes below $85 significantly, then it might signal volatility in this stock and market uncertainty on NFLX.

Pandora Media, Inc. (NYSE: P) is a possible bottom play. This could be a inverted head and shoulder forming.

3D Systems Corp. (NYSE: DDD) again follows the channel and shows some bullish action today. I look forward to this stock hitting above $50 in the coming 2 weeks.

Apple, Inc. (NASDAQ: AAPL) shows a bearish signal on chart as it breaks below the ascending triangle, despite a bullish breakout of a triangle happened last week. I think AAPL would drop appx. another 1.5% tomorrow.

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Stocks to Watch on Dec 05: FSLR, NFLX, P, DDD, AAPL

First Solar, Inc (NASDAQ: FSLR) does not only break above its ascending triangle pattern, finding great supports from 50 day moving average. it has also make a new 52w new high today with decent volume.

 Netflix (NASDAQ: NFLX) I commented about a possible short squeeze on twitter yesterday but I did not expect such a huge run like NFLX did today. I was expecting the squeeze ends around $85.00. I guess the market sentiment on NFLX is really bullish, at least for now. From the chart it shows me today, recovering MACD & MA(50) coming close to MA(200), I think the stock definitely has the potential to hit $100 in a short while. Unless tomorrow actions is bearish and closes below $85 significantly, then it might signal volatility in this stock and market uncertainty on NFLX.

Pandora Media, Inc. (NYSE: P) is a possible bottom play. This could be a inverted head and shoulder forming.

3D Systems Corp. (NYSE: DDD) again follows the channel and shows some bullish action today. I look forward to this stock hitting above $50 in the coming 2 weeks.

Apple, Inc. (NASDAQ: AAPL) shows a bearish signal on chart as it breaks below the ascending triangle, despite a bullish breakout of a triangle happened last week. I think AAPL would drop appx. another 1.5%-2% tomorrow.

Posted in AAPL, DDD, FSLR, NFLX, P | Comments Off on Stocks to Watch on Dec 05: FSLR, NFLX, P, DDD, AAPL

STOCKS TO WATCH ON DEC 04: CFNL, FB, MET, JEF, PCYC, QIHU

Stocks to Watch on Dec 04: CFNL, FB, MET, JEF, PCYC, QIHU

Standing O for me, I signaled my followers on a upcoming depreciation on $NFLX prices throughout the weekend on twitter (click here to follow me) and stocktwits. $NFLX dropped more than 5% today.
 I have also mentioned it on my blog (click here to view)

Cardinal Financial Corp (NASDAQ: Broke its pennant today, which is a signal of trend continuation. I have a ST target of $16.21. Slow STO just left oversold level and MACD is upticking.

Facebook, Inc (NASDAQ: FB) filled the gap made on July yesterday. We have seen some correction today; however, as long as it is closing above $27.00, I am still bullish on this stock.

Jefferies Group, Inc. (NYSE: JEF) has made a new high today. I do not have a target for now but the chart is definitely bullish. JEF has a 1.02x Price/Book and 15x P/E ratio. Quite a stock with value.

Metlife, Inc. (NYSE: MET) is trading around 200 and 50 day moving averages with a quote neutral level of CMF and RSI. Look for a move above $33.70 as entry.

Pharmacyclics, Inc (NASDAQ: PCYC) has just crossed above its ascending triangle pattern, testing to fill the gap. Assuming the uptrend continues tomorrow, I have a short term target of $59.00.

QIHOO 360 Techniclogy Co. Ltd. (NYSE: QIHU) has gained massive momentum with volume after breaking the $25.00 resistance level. CMF & MACD accelerating.

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Stocks to Watch on Dec 04: CFNL, FB, MET, JEF, PCYC, QIHU

Congratulations to myself. I signaled my followers on a upcoming depreciation on $NFLX prices throughout the weekend on twitter (click here to follow me) and stocktwits. $NFLX dropped more than 5% today.

Cardinal Financial Corp (NASDAQ: CFNL) Broke its pennant today, which is a signal of trend continuation. I have a ST target of $16.21. Slow STO just left oversold level and MACD is upticking.

 Facebook, Inc (NASDAQ: FB) filled the gap made on July yesterday. We have seen some correction today; however, as long as it is closing above $27.00, I am still bullish on this stock.

 Jefferies Group, Inc. (NYSE: JEF) has made a new high today. I do not have a target for now but the chart is definitely bullish. JEF has a 1.02x Price/Book and 15x P/E ratio. Quite a stock with value.

 Metlife, Inc. (NYSE: MET) is trading around 200 and 50 day moving averages with a quote neutral level of CMF and RSI. Look for a move above $33.70 as entry.

 Pharmacyclics, Inc (NASDAQ: PCYC) has just crossed above its ascending triangle pattern, testing to fill the gap. Assuming the uptrend continues tomorrow, I have a short term target of $59.00.

QIHOO 360 Techniclogy Co. Ltd. (NYSE: QIHU) has gained massive momentum with volume after breaking the $25.00 resistance level. CMF & MACD accelerating.

Posted in CFNL, FB, JEF, MET, PCYC, QIHU | Comments Off on Stocks to Watch on Dec 04: CFNL, FB, MET, JEF, PCYC, QIHU

Stocks to Watch on Dec 03: AMD, BAC, CLWR, IDCC, TLAB

Stocks to Watch on Dec 03: AMD, BAC, CLWR, IDCC, TLAB

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Advanced Micro Devices, Inc. (NYSE: AMD) slowing the downtrend. Looks good on MACD. Watch for big action as price touches upper Bband with bands widening.

 Bank of America (NYSE: BAC) moves follows the channel well. BAC also outperforms other banks’ stocks, such as JPM, C, etc. CMF is recovering. It finds some great support from 50 day moving average. OMV is moving up quickly with very little price appreciation. BAC is on my radar.

Clearwire Corp (NASDAQ: CLWR) broke its ascending triangle on Friday. ATR is upticking, Bband is widening with price closing above its upper band. Bullish Slow STO signal. I look forward to more price appreciation throughout the coming trading week.

 InterDigital, Inc. (NASDAQ: IDCC) is closing around its recent high. Watch for a breakout above $43.09 for entry.

 

Tellabs, Inc. (NASDAQ: TLAB) I got some luck on this stock. I posted my bullish view on this stock on my Wednesday Nov 28’s post, but I did not expect a huge price appreciation that huge and quick. CEO is trying to boost its stock price by paying a $1 special dividend. According bird-in-hand theory, this stock should rise $1 above its price before the price on dividend declaration date, which would be around $3.80 (adding from previous day’s close) I still long this stock.

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Stocks to Watch on Dec 03: AMD, BAC, CLWR, IDCC, TLAB

Advanced Micro Devices, Inc. (NYSE: AMD) slowing the downtrend. Looks good on MACD. Watch for big action as price touches upper Bband with bands widening.

 Bank of America (NYSE: BAC) moves follows the channel well. BAC also outperforms other banks’ stocks, such as JPM, C, etc. CMF is recovering. It finds some great support from 50 day moving average. OMV is moving up quickly with very little price appreciation. BAC is on my radar.

Clearwire Corp (NASDAQ: CLWR) broke its ascending triangle on Friday. ATR is upticking, Bband is widening with price closing above its upper band. Bullish Slow STO signal. I look forward to more price appreciation throughout the coming trading week.

 InterDigital, Inc. (NASDAQ: IDCC) is closing around its recent high. Watch for a breakout above $43.09 for entry.

 

Tellabs, Inc. (NASDAQ: TLAB) I got some luck on this stock. I posted my bullish view on this stock on my Wednesday Nov 28’s post, but I did not expect a huge price appreciation that huge and quick. CEO is trying to boost its stock price by paying a $1 special dividend. According bird-in-hand theory, this stock should rise $1 above its price before the price on dividend declaration date, which would be around $3.80 (adding from previous day’s close) I still long this stock.

Posted in AMD, BAC, CLWR, IDCC, TLAB | 2 Comments

Stocks to Watch on Nov 30: APP, APPL, GDOT, NFLX, TIVO

Stocks to Watch on Nov 30: APP, APPL, GDOT, NFLX, TIVO

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 American Apparel, Inc (AMEX: APP) formed a shooting star today, which could be bearish. But, since MACD is just crossed and CMF is recovering. I think the 200 day moving average should give a decent support. APP is on my radar.

 Green Dot Corp (NYSE: GDOT) has filled the previous gap, not far away from $13.59 high. Crossing $13.59 would send the stock on fire. Mind for high RSI reading thou.

 Netflix, Inc (NASDAQ: NFLX) broke the ascending triangle from below and CMF crossed below, which are bearish signals. I have already sold my shares.

TiVo, Inc (NASDAQ: TIVO) Its first time not to drop after earning reports since 2012 Q1. Nice jump today with huge volume. Bbands is widening with accelerating CMF reading. Long setup. Congras for those who follows my twits.

 

Apple, Inc (NASDAQ: APPL) today has opened, as well as closed above the little pennant formed, a sign for trend continuation. My short term target of $620 still holds. However, mind for a 50 moving average cross down.

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Stocks to Watch on Nov 30: APP, APPL, GDOT, NFLX, TIVO

 American Apparel, Inc (AMEX: APP) formed a shooting star today, which could be bearish. But, since MACD is just crossed and CMF is recovering. I think the 200 day moving average should give a decent support. APP is on my radar.

 Green Dot Corp (NYSE: GDOT) has filled the previous gap, not far away from $13.59 high. Crossing $13.59 would send the stock on fire. Mind for high RSI reading thou.

 Netflix, Inc (NASDAQ: NFLX) broke the ascending triangle from below and CMF crossed below, which are bearish signals. I have already sold my shares.

TiVo, Inc (NASDAQ: TIVO) Its first time not to drop after earning reports since 2012 Q1. Nice jump today with huge volume. Bbands is widening with accelerating CMF reading. Long setup. Congras for those who follows my twits.

Apple, Inc (NASDAQ: APPL) today has opened, as well as closed above the little pennant formed, a sign for trend continuation. My short term target of $620 still holds. However, mind for a 50 moving average cross down.

Posted in APP, APPL, GDOT, NFLX, TIVO | Comments Off on Stocks to Watch on Nov 30: APP, APPL, GDOT, NFLX, TIVO