Written by Sidney
on October 31, 2009
On Oct 23, stocks of Amazon.com (AMZN) surged 26.8% to all-time highs after the company announced Q3 earnings that blew way past analysts' expectations. AMZN had achieved earnings of $0.45 per share, against a consensus of $0.328 by 29 analysts covering this company. Given this strong rally, is it too late to buy into AMZN?
History has proven that stocks that make such strong upward movements...
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Written by Lawrence
on October 29, 2009
This is a stock technical analysis of a potential short play: Research in Motion (RIMM). The market has been ripped apart in recent days and according to our scans, we are beginning to witness several stocks with bearish technical patterns which may be suitable for low risk-reward trade setups on the short side. Research in Motion (RIMM) - the well known developer of the Blackberry series of smart...
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Written by Lawrence
on October 25, 2009
This coming trading week will be an interesting one for the S&P 500. But before we go any further, let us take a technical look at what had taken place since last week. Although the week ended with a minor loss of about 0.7%, it was one heck of a volatile ride for most investors and traders. The week started off with minor gains for SPY on Monday but it was quickly erased during Tuesday and We...
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Written by Sidney
on October 25, 2009
Woah! It's been almost a week since my last post, but rest assured we're still around, and yes, we're still in business! The S&P 500 was volatile this week, but ended the week down marginally by 0.74%.
Our portfolio had mixed results this week - winners include ARO (+2.96%), LINC (+2.72%), and WMS (+1.85%). Losers include GS (-2.17%), XHB (-2.84%), and SBUX (-1.79%). Al...
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Written by Taurus
on October 19, 2009
Hi everyone, here's the weekly technical outlook on the S&P 500. Over the past week, the index managed to break and stay above last week's high of 1,080. It has, however shown some weakness as it approached the next resistance level of 1,100. This level was a critical support/resistance level back during March to October 2004.
[caption id="attachment_1309" align="aligncenter" width="600" ca...
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Written by Sidney
on October 18, 2009
The S&P 500 index continued its climb last week, moving up by 1.5%. However, some stocks in our portfolio, in particular Goldman Sachs (GS), took a beating this week, dropping 2.6%. The stock price is currently sitting at its 20 day exponential moving average, which has been a strong support for GS since March 2009. We'll be cautious should the stock price falls below this support level.
...
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Written by Taurus
on October 14, 2009
Here is an ETF Market Trend analysis on OIH (Oil Services HOLDRs). The investment holds shares of common stock issued by specified companies that, when initially selected, were involved in the oil service industry.
[caption id="attachment_1293" align="aligncenter" width="600" caption="ETF Market Trend: OIH"][/caption]
Let's take a closer look at the daily chart of OIH. Prices has been trendi...
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Written by Lawrence
on October 13, 2009
Here's our weekly technical take on the broad market action as depicted by SPY ( the ETF for the S&P 500 index). Over the past week, SPY had bounced off the 50-day SMA in a textbook-like fashion and had moved up more than 4% ever since. While it is not surprising to see the bounce off the 50-day SMA, it is quite a wonder to witness another dramatic climb back to the previous highs at the 108 l...
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Written by Sidney
on October 11, 2009
The S&P 500 index rebounded sharply last week, raising 4.5% and closing right at its 52-week high reached in September 2009. All of the stocks in our portfolio moved higher as well with the broader market, most notably WMS Industries (WMS) and HomeBuilders ETF (XHB), which rallied 11.4% and 6.2% respectively.
However, we remain cautious of XHB as it hits overhead resistance from its 2...
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Written by Taurus
on October 8, 2009
Here's a stock technical analysis on GOOG (Google Inc.), the technology company that needs no further introduction.
[caption id="attachment_1267" align="aligncenter" width="600" caption="Stock Technical Analysis: GOOG"][/caption]
While many stocks have fallen due to the recent stock market correction, GOOG has proven to be pretty resilient and managed to break out of a bull flag just 2 days ...
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