For detailed commentary and analysis, please see our blog post published 8/5/14: www.syncubate.com
In trading last week, WWE finally pushed through $13 and closed decisively above it on Monday, finishing at $13.42, despite the recent stock market downturn.
The two month long consolidation which we identified in previous analyses has supported the bulls as a...
Following 2 green days and the overall market strength; I still see room for continuation. I will be watching for a gap up or strong open to break the $ 1.16 - $ 1.20 area. If it holds above $ 1.20 after a test for support on strong volume; I think we see a push for a gap fill to the $ 2.00 area.
Following the breakout on news today I will be watching for a gap up or strong open that breaks the previous resistance level of 7.91 and through 8.00. This is provided that it holds above 8.00( I would like to see a break and retest of 8.00 ideally due to shorts targeting the stock for an over and under 8.00 or any strong opening move)
If we squeeze shorts and...
As pointed out by JXMFinancial, MTZ recently bounced off on a nice volume. I have expanded the idea provided with some more observations that made me take a bullish stance on the stock:
- There is a long term uptrend and the price neatly bounced off the low of it. But wait, there's more
- Technicals are all on the lows,
*MACD in a nice setup to turn up for...
SWKS is on fire. Recent earnings revisions, and analyst upgrades has provided the catalyst for Skyworks to make its' next leg higher. May 29 marked its' highest 52 week close since the earnings release made in April. This cash rich company has an amazing Quick and Current ratio of 5.76 and 6.94 respectively, and no debt. Short term price target is set at 50.00,...
Starbucks has found support at $68 area after it topped at $82.
It attracted attention after it broke up consolidation and regained short term moving averages near $71 and caught some follow through momentum with gap above 100 and 200 EMAs. It took couple of inside days to regain some power and on yeasterday it broke this consolidation and triggered another...
PANW gapped up on earnings but erased part of gains. On the 2nd day it bounced from gap pivot point. So, $72.86-$73.00 could be new point of reference. The longer it will hold above the more attractive it will stay for active traders for another leg up. Before earnings it broke up descending channel and caught momentum up.
In late November 2013 it also gapped up...
Watch for:
- Touch of resistance of the down trend
- Moving averages - 200 was a good support, but others rolled over
Note - gap from November 2013 still to be filled so if it goes down, the gap will most probably bi filled. with a bounce of it.
Drop target - 3.20
Up Target - 4.50
I'm expecting the market to gap downwards on opening after the weekend. I feel there has been negative feelings over the weekend, especially today (Sunday) and also the date for tomorrow is close to a cycle point on the 20th. Unfortunately I didn't spot this until late friday and missed the trade.
Gaps usually close up but the cycle is quarterly to yearly scale...
Cisco reported.
The analyst expectations of $0.48 EPS and $11.4 billion in revenue were both beat, as Cisco posted $0.51 EPS (adjusted) and revenue of $11.5 billion. Net income for the quarter was $2.2 billion, off 12% from the same period last year.
The market generally saw Cisco's numbers as signs of progress. The fact that the company was able to beat its own...
Big Picture:
US markets are strong, so I like long ideas. Despite, this stock looks weak I think if market break up failure scenario will come into play money will rotate from stocks that are on highs to underperforming stocks. And if market will continue showing strength momentum will cautch up this stock as well.
This technology company grew up from $20 since...
A new low @475 just below the 61.8 ret. with rejection at 50 ret. could signify intention to "fill the gap" all the way to 78.6 ret. (446). $CMG is embracing the 500 even handle acting as a S/R.
Banks also continue to look very weak as Bank of America (BAC) broke lower out of a lower level consolidation. The stock gapped down on it's earnings. Now we have point of reference at $14.71, if it will go through previous low of the day I will be considering Short option. Resistance at $14.86 then $15.00, if price will pullback to that area I expect to see some...
It is difficult to buy here after $40 move from earning's gap but on intraday basis there we can still trade tactically keeping long in our mind.
Actually, it is one of the best stocks in this choppy, range-bound market because after earnings was released it had nice, powerfull 2 days continuation move then some rest, inside days which is healthy after such a big...
USD/JPY gapped down on Monday after very squeezy friday on US job report. If sellers want to keep control thay don't want to give up 102.97-102.174 area (gap zone). That break down of intermidiate support looks powerful and we can see pric etesting bigger support at 101.350.
Index Arbitrage Forecast: FTSE100 will outperform HSBC
Supporting Strategies: Cointegration, Correlation and Technical
Analysis Pattern : Elliott Wave 5
The trade should be opposite to the "gap". HSBC has performed better than FTSE100, in order to close the gap FTSE will now perform better in the next 131 days.
Targets and notes on charts
