Author Archives: cl117692

Posts: 69 (archived below)
Comments: 1

About cl117692

5081190214417271

Oct 10: AFFY, IDCC, BKS

Posted on October 11, 2012 by cl117692
Affymax, Inc (NASDAQ: AFFY) Keeps making new high on expanding volume and candlestick body. Caution on RSI level, a closer stop order should be made when entering the trade. Slow STO shows a significant uptrend as well.

IDCC again. Just realize similar corrective pattern pattern before after a boom with extraordinary high volume. Once again, the stock is falling with low volume. I remain bullish on this stock.

Barnes & Noble (NYSE: BKS) There is a breakout from saucer bottom today on this stock. Considering high RSI, corrective moves could be on the way. But for ones who are aggressive, entering any time can still be a good play. +ve MACD, +ve Bullish STO divergence.

Posted in AFFY, BKS, IDCC | Comments Off on Oct 10: AFFY, IDCC, BKS

Oct 09, 2012: CSCO, BAC, AMZN

Posted on October 10, 2012 by cl117692
Amazon.com, Inc (NASDAQ: AMZN) See if 50MA can be its support. 

Bank of America Corp (NYSE: BAC) There is a huge W pattern (double bottom) showing in BAC. There have been a correction after testing the recent high 9.76 these several days. 20day MA has been a good support level for 2 times since beginning of September. Look for rebounce or breakout to trade with.

Cisco System, Inc (NASDAQ: CSCO) There is a huge consolidation after the gap in August. Interestingly, the gap fits well as a mirror image of the gap in May. Possible bottom playing there. However, A/D line is falling. Considering its low PE ratio and 50ma crossing 200day now, I am very bullish in CSCO in the long run

Posted in AMZN, BAC, CSCO | Comments Off on Oct 09, 2012: CSCO, BAC, AMZN

Oct 06: Stock of the week: IDCC, LMT, DDD, SIRI, GRPN, ZNGA

Posted on October 6, 2012 by cl117692
3D Systems Corp (NYSE: DDD) just closed above 20MA. Wait to see next movement on BBand to trade. MACD turning +ve. However, CMF and RSI show a ugly picture

InterDigital, Inc (NASDAQ: IDCC) Once again, possible cup and handle pattern. I want to bring in Point and Figure Chart of IDCC to capture its recent bullish trend. P&F has made 3 consecutive upward breakout. A Bullish reversal sign for the long run

Lockheed Martin Corp (NYSE: LMT) After a rectangular consolidation pattern, the stock had a bullish breakout. Support found well around 91. Stop order could be set around $91 if you want to participate in it.

Sirius XM Radio Inc (NASDAQ: SIRI) bullish on RSI, MACD, CMF, Bband. The stock shows a bullish Elliot Wave Pattern. 

Overview of S&P 500. Support can be well found around 20 day moving averages. Positive MACD Crossover but Bearish CMF Crossover. 

Disaster for Zynga Inc (NASDAQ: ZNGA) Premarket dropped 20%. Even though there is bounce back for the rest of the day. ZNGA closes with 11.60% drop with highest volume since its IPO. I can’t stress enough how ZNGA and FB has unproven business model that revenue growth and corp governance (user’s privacy, etc) are all in doubt.

Posted in DDD, GRPN, IDCC, LMT, SIRI, ZNGA | Comments Off on Oct 06: Stock of the week: IDCC, LMT, DDD, SIRI, GRPN, ZNGA

Oct 01: CAH, HCSG, DDD, HCA

Posted on October 2, 2012 by cl117692
Cardinal Health, Inc. (NYSE: CAH) shows positive sign in MACD and Chaikin Money flow index. From candlestick chart, there is a flag forming, which is a continuation pattern for recent run. The stock is about to cross its 50day MA from below. Keep it on your radar.

Healthcare Service Corp, Inc. (NASDAQ: HCSG) broke out with a strong volume today. After recent-found well support at 50day MA, the stock today shows a gap open and a run to 23.81 at close. I look forward to seeing more action from HCSG. Stop can be made at the neckline.

3D Systems Corp (NYSE:DDD) My once-favorite stock DDD has performed really bad recently. Trading well within the downward slopping channel. I am totally bearish on DDD, as well as SSYS,  a similar 3D printing company.

HCA Holdings Inc. (NYSE: HCA) After the breakout early September and the following pullback, testifying the neckline, the stock shows a good support at 31.5 level. And there is a huge run to the north for 4 consecutive days. I think HCA has high potential but given the fact that RSI is at overbought level, the stocks might shows a pullback in the future. Stop can be made at $31.5.

Posted in CAH, DDD, HCA, HCSG | Comments Off on Oct 01: CAH, HCSG, DDD, HCA

Weekly Summary on U.S. Economy

Posted on September 29, 2012 by cl117692

High Importance:

New Home Sales – prior revised 374k/ consensus 380k/ actual 373k
Durable Goods New Orders – prior revised 3.3%/ consensus -5.0%/ actual 13.2%
GDP – prior 1.7%/ consensus 1.7%/ actual 1.3%
Jobless Claims – prior 382k/ revised 385k/ consensus 376k/ actual 359k/ change -26k/ 4w ma 374.0
Personal Income –

Important for Next week:
Monday, Oct 1: ISM Mfg Index
Wednesday, Oct 3: ISM Non-Mfg Index
Thursday, Oct 4: Weekly Jobless Claims
Friday, Oct 5: Employment Situation

Posted in Uncategorized | Comments Off on Weekly Summary on U.S. Economy

Sept 18: 2 raising IPOs with unlimited potential: GMED, ELOQ

Posted on September 29, 2012 by cl117692
Eloqua Inc. (NASDAQ: ELOQ) As you may know, I really like using bband. This stock, once again, follow bband trends very nicely. After today correction (considering the body of today’s candlestick is inside yesterday’s one), I wish to see some consolidation on the stock. Any breakout above the all time high would be a good entry of the stock.

Globus Medical (NYSE: GMED) has got its first pre-market approval (PMA) from FDA. The stock grow 7.6% with huge volume. MACD seems to be turning around. Price is touching upper bband.  RSI back to overbought level thou. However, it does not mean the stock will drop in the short future. From Vivus (VVUS) and once-popular Arena Pharmaceutical (ARNA), after medical companies get their preliminary approval, the stocks usually run for a while, then drop after final FDA approval. I hope to see GMED would perform in a similar way.

Posted in ELOQ, GMED | Comments Off on Sept 18: 2 raising IPOs with unlimited potential: GMED, ELOQ

Sept 27: IDCC, FB, LGF

Posted on September 28, 2012 by cl117692

InterDigital, Inc (NASDAQ: IDCC) I want to cover on IDCC  again because I am highly bullish on this stock. There is a run with significantly higher volume after the announcement that it is added to S&P400. Chaikin Money Flow Index turned positive. MACD is about to have a positive crossover, 50day MA is about to crossed 200day MA from below, which some consider a golden cross. The price touches upper band of B-Band again. On Balance Volume confirms the move. RSI is making higher lows and hold well above 50.

Fundamentally, stock managers, ETFs will need to purchase a great amount of the stock to balance/track the index (SP400).

According to Bloomberg, IDCC major customers include Samsung (37% of rev), RIMM (17%), HTC Corp (11%), AAPL (4.38%), Hitachi (3.48%), Quanta Computer (2.80%) and Ericsson (1%). Focus: SAMSUNG!!

Liongate Entertainment Corp (NYSE:LGF) We are looking at a longer term chart here, a weekly candlestick. After the bloom due to strong box office of Hunger Game in March, LGF has been forming a “cup and handle” chart with a neckline of $16. However, On Balance Volume is not confirming the price. However, breakout of $16 would make the stock a good candidate to trade with.

Facebook, Inc (NASDAQ: FB) It is showing a textbook-so-called “possible” head and shoulder pattern with a neckline around $23.5 here. While MACD remains positive and OBV confirming, the price has found supper from 20day SMA after double the upper band of Bollinger band. With the fact that it is still trading below 50day SMA and the hard-to-prove fundamentals and business models of Facebook, I would suggest trading it after the breakout. Without a breakout, the pattern, at least “possible” pattern, means nothing at all.

Posted in FB, IDCC, LGF | Comments Off on Sept 27: IDCC, FB, LGF

Sept 26: Today Focus: IDCC

Posted on September 27, 2012 by cl117692

InterDigital (NASDAQ: IDCC) after adding to S&P mid-cap 400, today jumped 7.12% to $35.34. It does not only mean IDCC is valued as a company with fundamental by Standard & Poors. I also confirm the uptrend since Mid-June. Now the closing price crossed above 200day MA (buy signal) and Exponential MA within the BBands. I am very bullish on this stock

Thursday: Bloomberg Consumer Comfort Index
Friday: Spain’s banks stress test results

Posted in Uncategorized | Comments Off on Sept 26: Today Focus: IDCC

Sept 26: SPY, S, GRPN, DDD, IDCC

Posted on September 26, 2012 by cl117692

Sprint (NYSE: S) has been in a uptrend for a while. Although there is an almost-3% drop today, the body of the candlestick is still touching the upper band of BBand, which means buy signal is still entailed. There is a cup and handle pattern with a breakout. A pullback like today is normal considering Slow STO is at overbought level.

S&P500 Index: Even though, we have experienced several red trading days, I remain bullish on the outlook, at least technically. First of all, SPY is still closing above the exponential moving average in the middle of BBand. Second,  it still closes above 141, the breakout level.
Updates to stocks I have mentioned before:
Groupon (GRPN) has dropped 7.21% with increasing short ratio at 10.48%
3D System (DDD) has dropped 4.02% after morning’s gaining. It now has a short ratio of over 20%. I think it is a very good candidate for short squeeze speculation.
InterDigital (IDCC): As mentioned yesterday, it finds strong support from its 200 day moving average. It now has a short ratio of 15%. A good candidate for short squeeze too. However, it has closed below 200 day moving average today with less than average volume. 

Posted in DDD, GRPN, IDCC, S, SPY | Comments Off on Sept 26: SPY, S, GRPN, DDD, IDCC

Sept 25: Today’s Economic Indicator

Posted on September 26, 2012 by cl117692

S&P Case-Shiller Home Price Index, which covers home prices in 20 cities, showed an adjusted 0.4% monthly gain today. This is the sixth straight monthly increase for the adjusted index although it is the slowest gain since February. Stay tuned for next month’s announcement to see if the trend is going to continue.

FHFA House Price Index also gained 0.2% after rising 0.6% in June.

Consumer Confidence rose strongly to above 70 level in September after August upwardly revised 61.3. This shows there is a heavier weight on optimists than pessimists. This could bring strong sale in the upcoming holiday shopping season.

State Street Investor Confidence Index fell from prior revised 91.0 to 86.9, which is well below pre-defined 100 breakeven point.
State Street ICI measures confidence not by survey, but the changes in investor holdings of equities. It is said to give more accurate and more coincidence index for investor confidence.

Posted in Uncategorized | Comments Off on Sept 25: Today’s Economic Indicator