tag:blogger.com,1999:blog-197132382024-03-23T14:13:35.204-04:00Wall St. WarriorTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger2622125tag:blogger.com,1999:blog-19713238.post-68219419045745888122015-07-16T03:18:00.002-04:002015-07-16T03:54:36.306-04:00MSFT, CREE Setups<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-mcpSRfxumqU/VadIqriczqI/AAAAAAAAMqQ/eQ5y3fgttYI/s1600/msft.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="238" src="http://4.bp.blogspot.com/-mcpSRfxumqU/VadIqriczqI/AAAAAAAAMqQ/eQ5y3fgttYI/s320/msft.png" width="320" /></a></div>
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MSFT - PMO buy signal. After filling the earnings gap, MSFT bounced upward to test the down sloping trendline. A successful break above TL could see a retest of highs.<br />
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<a href="http://4.bp.blogspot.com/-KjDbzEx31SE/VadhY3IOFHI/AAAAAAAAMqk/enoSbaFsyE0/s1600/cree.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="225" src="http://4.bp.blogspot.com/-KjDbzEx31SE/VadhY3IOFHI/AAAAAAAAMqk/enoSbaFsyE0/s320/cree.png" width="320" /></a></div>
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CREE - Several days basing at $25.00. Looking for a squeeze.
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com13tag:blogger.com,1999:blog-19713238.post-42214365477351398192015-04-27T23:22:00.000-04:002015-04-27T23:37:33.647-04:00Broader Markets Fail to Confirm Breakout in QQQ<div class="separator" style="clear: both; text-align: center;">
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<a href="http://1.bp.blogspot.com/-cv9EauwqG2g/VT70A_nxS1I/AAAAAAAAMpY/t8fLlnx68X0/s1600/SPY%2BA27.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-cv9EauwqG2g/VT70A_nxS1I/AAAAAAAAMpY/t8fLlnx68X0/s1600/SPY%2BA27.png" height="272" width="320" /> </a></div>
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The SPY tried to confirm the breakout in tech in early trade, but ended up taking out Friday's lows and closing weak with a bearish engulfing bar on the day. Too soon to call it a failed BO.</div>
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<a href="http://1.bp.blogspot.com/-TCVoMhI2UfA/VT73MMmnmkI/AAAAAAAAMpk/kInChNgbGNY/s1600/QQQ%2BA27.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-TCVoMhI2UfA/VT73MMmnmkI/AAAAAAAAMpk/kInChNgbGNY/s1600/QQQ%2BA27.png" height="272" width="320" /></a></div>
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The QQQ had a nice breakout last week on the heels of strong earnings reports from marquee tech names such as GOOGL, MSFT and AMZN. AAPL earnings out tonight were good, but not stunning judging by the after-hours price action. Weakness today in biotechs weighed on the Qs.</div>
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<a href="http://2.bp.blogspot.com/-QTAcU6GRY34/VT73SKKPM2I/AAAAAAAAMps/bAjV4_OU5Fw/s1600/DIA%2BA27.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-QTAcU6GRY34/VT73SKKPM2I/AAAAAAAAMps/bAjV4_OU5Fw/s1600/DIA%2BA27.png" height="272" width="320" /></a></div>
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The DIA is lagging. </div>
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<a href="http://2.bp.blogspot.com/-KLsi5ZHquD4/VT73W5SVK5I/AAAAAAAAMp0/mefpF3QvUM0/s1600/IWM%2BA27.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-KLsi5ZHquD4/VT73W5SVK5I/AAAAAAAAMp0/mefpF3QvUM0/s1600/IWM%2BA27.png" height="272" width="320" /></a></div>
<a href="http://1.bp.blogspot.com/-cv9EauwqG2g/VT70A_nxS1I/AAAAAAAAMpY/t8fLlnx68X0/s1600/SPY%2BA27.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><br /></a>
Small caps are really lagging. The PMO here has a bearish crossover.<br />
<br />
The lack of confirmation from the the broader markets could stall
and ultimately, reverse the BO in the Qs. Failed breakouts lead to fast moves in
the opposite direction. This week could be a game changer. FOMC on Wednesday.TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com1tag:blogger.com,1999:blog-19713238.post-44204690729174724452015-04-26T15:33:00.001-04:002015-04-26T15:34:14.666-04:00Q1 Earnings for Week Ending May 1st<b id="yui_3_16_0_1_1430072890029_2685">Earnings Schedule for the week of April 27 - May 1</b> : Of the companies reporting earnings for the week of April 27 - May 1 some of the bigger names include: <br />
<ul id="yui_3_16_0_1_1430072890029_1121">
<li id="yui_3_16_0_1_1430072890029_1132"><b>Monday:</b> <ul id="yui_3_16_0_1_1430072890029_1131">
<li id="yui_3_16_0_1_1430072890029_1133"><i>Pre Market -</i> TEN, LH, QSR, ROP, MCY, PDS, BPOP, SOHU, HAE, OSIS</li>
<li id="yui_3_16_0_1_1430072890029_1130"><i>After Hours -</i> <b>AAPL</b>, HIG, CHRW, OMI, ABX, UHS, PRE, WRB, RE, RVBD, JLL, AFG, SWFT, RCII, AMKR, WCN, OSTK</li>
</ul>
</li>
<li id="yui_3_16_0_1_1430072890029_1128"><b>Tuesday:</b> <ul id="yui_3_16_0_1_1430072890029_1127">
<li id="yui_3_16_0_1_1430072890029_1129"><i id="yui_3_16_0_1_1430072890029_2551">Pre Market -</i> BP,
F, VLO, AET, <b>UPS</b>, YNDX, PFE, MRK, TMUS, CNC, WHR, PHG, NOV, CMI, PAG, <b>POT</b>, SVU, BMY, ECL, PH, JEC, TXT, GLW, GPI, MAS, BSX, AGCO, AKS, AXE, JBLU </li>
<li id="yui_3_16_0_1_1430072890029_1126"><i id="yui_3_16_0_1_1430072890029_2600">After Hours -</i> <b>AKAM, ESRX</b>, AFL, WDC, X, EIX, GN , NCR, OI, KBR, WYNN, WSH, ACGL, SFS, IACI, GPRO, TPX, PNRA, CLF, <b>TWTR</b>, <b>BWLD</b>, </li>
</ul>
</li>
<li id="yui_3_16_0_1_1430072890029_1124"><b>Wednesday:</b> <ul id="yui_3_16_0_1_1430072890029_1123">
<li id="yui_3_16_0_1_1430072890029_1125"><i>Pre Market -</i> UMC,
FCAU, SPIL, ANTM, GRMN, HUM, ABB, MDLZ, SAVE, GD, EXC, TWX, IP, NOC, ETN, SO, GT,
PCG, NEE, WM, TRI, CVE, PX, GIB, NSC, HLT, <b>MA</b>, VRX, BEN, FDML, SPR, OCR,
AVY, HES, HOT, MWV, CG</li>
<li id="yui_3_16_0_1_1430072890029_1122"><i>After Hours -</i> BSAC, SU, TRI, FLEX, MAR, LNC, UNM, RKT, ES, WMB, TX, PPC, <b>BIDU</b>, XL, AXS, NXPI, TEX, CNW, ASH, ARRS, MEP, ESV, <b>YELP</b></li>
</ul>
</li>
<li id="yui_3_16_0_1_1430072890029_1120"><b>Thursday:</b> <ul id="yui_3_16_0_1_1430072890029_1119">
<li id="yui_3_16_0_1_1430072890029_1118"><i>Pre Market -</i> ACOR, ALKS, SNE,
XOM, RDS.A, PSX, ABC, NVO, CAH, MPC, BG, EPD, COP, CI, TWC, BCE,
ARW, TEVA, CL, FMS, DLPH, MMC, VIAB, XEL, ADP, NOK, HUN, LLL, APD, NI,
MOS, <b>CELG</b>, SHPG, UFS, GG, CME, VA, WWE</li>
<li id="yui_3_16_0_1_1430072890029_1134"><i>After Hours -</i> INT, <b>GILD</b>, FLR, AIG, FE, <b>V</b>, EMN, TS, EEP, EXPE, JDSU, WU, MRC, THG, YRCW, EVHC, LYV, <b>FEYE</b>, FLS, FBHS, LNT, SCSC, <b>SWKS</b>, LNKD, FSLR, HABT</li>
</ul>
</li>
<li id="yui_3_16_0_1_1430072890029_1135"><b>Friday:</b> <ul id="yui_3_16_0_1_1430072890029_1137">
<li id="yui_3_16_0_1_1430072890029_1136"><i>Pre Market -</i> CHTR, CVS, CVX, DUK, VFC, TRP, WY, CPN, CLX </li>
</ul>
</li>
</ul>
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com0tag:blogger.com,1999:blog-19713238.post-23448665097384977142015-04-20T09:02:00.000-04:002015-04-20T09:02:18.706-04:00Q1 Earnings Schedule<b id="yui_3_16_0_1_1429463346594_2623">Earnings Preview for the week of April 20 - 24</b>: Of the companies reporting earnings for the week of April 20 - 24 some of the bigger names include: <br />
<ul id="yui_3_16_0_1_1429463346594_2550">
<li id="yui_3_16_0_1_1429463346594_2559"><b id="yui_3_16_0_1_1429463346594_2694">Monday:</b> <ul id="yui_3_16_0_1_1429463346594_2558">
<li id="yui_3_16_0_1_1429463346594_2561"><i>Pre Market -</i> MS, HAL, STIl RCL, MTB, LII, HAS, CHKP</li>
<li id="yui_3_16_0_1_1429463346594_2557"><i id="yui_3_16_0_1_1429463346594_2661">After Hours -</i> IBM, RCI, CNI, STLD, SANM, PKG, LRCX, ZION, IEX, WWD, HXL, BRO, FTNT, MBFI, HLX</li>
</ul>
</li>
<li id="yui_3_16_0_1_1429463346594_2554"><b>Tuesday:</b> <ul id="yui_3_16_0_1_1429463346594_2553">
<li id="yui_3_16_0_1_1429463346594_2552"><i>Pre Market -</i> VZ,
UTX, LMT, WIT, DD, CS, TRV, BHI, KMB, MAN, SAP, GPC, OMC, ITW, SAH,
DOV, CP, HOG, GCI, ABG, PNR, FITB, CLS, RF, NTRS, ATI, NVR, AMTD, UA</li>
<li id="yui_3_16_0_1_1429463346594_2563"><i>After Hours -</i> AMGN, ACE, YUM, SYK, DFS, BRCM, FTI, VMW, NBR, URI, CMG, YHOO, ISRG, ILMN, CREE, IBKR, DLB, IRBT</li>
</ul>
</li>
<li id="yui_3_16_0_1_1429463346594_2565"><b>Wednesday:</b> <ul id="yui_3_16_0_1_1429463346594_2611">
<li id="yui_3_16_0_1_1429463346594_2610"><i>Pre Market -</i> BA, KO, MCD, EMC, ABT, AN, TMO, BK, TEL, DHI, ALV, LAD, R, NLSN, STJ, APH, OC, CFG, TROW, NS, WAB, HBAN, TDY, TUP, ANGI, SIX</li>
<li id="yui_3_16_0_1_1429463346594_2629"><i>After Hours -</i> T, QCOM, EBAY, FB, TXN, AMP, WFT, ORLY, USTR, TSCO, RJF, TMK, CCI, OII, AWH, CTXS, VMI, SKX, AHL, PLXS, CAKE, FFIV</li>
</ul>
</li>
<li id="yui_3_16_0_1_1429463346594_2549"><b>Thursday:</b> <ul id="yui_3_16_0_1_1429463346594_2548">
<li id="yui_3_16_0_1_1429463346594_2547"><i>Pre Market -</i> ERIC,
GM, PG, NVS, DOW, CAT, PEP, JCI, UAL, MMM, AVT, UNP, RTN, ABBV, DHR,
AEP, NUE, LLY, LUV, MO, FCX, BAX, IR, SWK, RS, BBT, CMS, CAM, HSY, WCC,
DGX, JAH, DAN, BTU, DPS, ORI, ALK, PHM, MJN, FAF, BMS, HP, NDAQ, DPZ,
DNKN</li>
<li id="yui_3_16_0_1_1429463346594_2567"><i id="yui_3_16_0_1_1429463346594_2663">After Hours -</i> AMZN,
MSFT, GOOG, COF, SBUX, CBI, CB, PFG, RGA, RSG, NEM, TRN, HBI, RHI, FSL,
JNPR, SWN, HUBG, BCR, LSTR, UIS, SFG, DV, ETFC, P, N</li>
</ul>
</li>
<li id="yui_3_16_0_1_1429463346594_2666"><b>Friday:</b> <ul id="yui_3_16_0_1_1429463346594_2706">
<li id="yui_3_16_0_1_1429463346594_2705"><i>Pre Market -</i> INFY, AAL, LYB, AZN, XRX, LEA, DTE, STT, BIIB, TYC, IPG, SPG, AJG, VTR, AAN, BGG</li>
</ul>
</li>
</ul>
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com1tag:blogger.com,1999:blog-19713238.post-909113516499476422015-04-14T09:09:00.000-04:002015-04-14T09:09:15.176-04:00Q1 Earnings SeasonCompanies of note reporting earnings for the week of April 13 - 17 include: <br />
<ul id="yui_3_16_0_1_1428855674401_2523">
<li id="yui_3_16_0_1_1428855674401_2528"><b>Tuesday:</b> <ul id="yui_3_16_0_1_1428855674401_2527">
<li id="yui_3_16_0_1_1428855674401_2530"><i>Pre Market -</i> JPM, WFC, JNJ, SJR, FAST, JBHT</li>
<li id="yui_3_16_0_1_1428855674401_2526"><i>After Hours -</i> INTC, CSX, LLTC, MRTN</li>
</ul>
</li>
<li id="yui_3_16_0_1_1428855674401_2522"><b>Wednesday:</b> <ul id="yui_3_16_0_1_1428855674401_2540">
<li id="yui_3_16_0_1_1428855674401_2539"><i>Pre Market -</i> BAC, CY, DAL, PGR, USB, SCHW, PNC, ASML, WSO, TITN, MEA</li>
<li id="yui_3_16_0_1_1428855674401_2542"><i>After Hours -</i> NFLX, SNDK, UFPI, UMPQ, WTFC, CNS</li>
</ul>
</li>
<li id="yui_3_16_0_1_1428855674401_2544"><b>Thursday:</b> <ul id="yui_3_16_0_1_1428855674401_2547">
<li id="yui_3_16_0_1_1428855674401_2546"><i>Pre Market -</i> UNH, C, GS, PM, PPG, TSM, BLK, SHW, GWW, BX, ADS, SON, KEY, FRC, FCS, PBCT, WBS, NORD, PVTB, IIIN, HOMB, SASR</li>
<li id="yui_3_16_0_1_1428855674401_2549"><i>After Hours -</i> SLB, AXP, CCK, CE, AMD, MAT, CYT, ASB, NOW, EGP, COBZ</li>
</ul>
</li>
<li id="yui_3_16_0_1_1428855674401_2551"><b>Friday:</b> <ul id="yui_3_16_0_1_1428855674401_2598">
<li id="yui_3_16_0_1_1428855674401_2597"><i>Pre Market -</i> GE, HON, STX, SYF, CMA, FHN</li>
</ul>
</li>
</ul>
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com0tag:blogger.com,1999:blog-19713238.post-52908957900478265722015-01-26T10:44:00.002-05:002015-01-26T10:44:37.609-05:00Big Week for Earnings<b id="yui_3_16_0_1_1422199865115_2303">Earnings Preview for the week of January 26 - 30:</b> Of the companies reporting earnings for the week of January 26 - 30 some of the bigger names include: <br />
<ul id="yui_3_16_0_1_1422199865115_2238">
<li id="yui_3_16_0_1_1422199865115_2305"><b id="yui_3_16_0_1_1422199865115_2307">Monday:</b> <ul id="yui_3_16_0_1_1422199865115_2310">
<li id="yui_3_16_0_1_1422199865115_2309"><i>Pre Market -</i> STX, NSC, GWW, DHI, NVR, CFG, ROP, OSIS</li>
<li id="yui_3_16_0_1_1422199865115_2316"><i>After Hours -</i><span style="background-color: white;"> <b><span style="color: blue;">MSFT</span></b>,</span> <span style="color: blue;"><b>TXN, </b></span>SANM, PKG, ASH, CR, ZION, PCL, BRO, GGG, PLT, JJSF, RMBS</li>
</ul>
</li>
<li id="yui_3_16_0_1_1422199865115_2245"><b>Tuesday:</b> <ul id="yui_3_16_0_1_1422199865115_2244">
<li id="yui_3_16_0_1_1422199865115_2247"><i>Pre Market -</i> ERIC,
PG, UTX, NVS,<span style="color: blue;"><b> CAT, PFE,</b></span> LMT, AAL, DD, MM, PHG, DHR, NUE, FCX, NEE, BMY,
ITW, PH, GLW, DOV, AKS, BTU, OSK, PII, COH, LXK, AMG, AOS, TDG, WAT,
PLD, AVX, CIT, ABMD</li>
<li id="yui_3_16_0_1_1422199865115_2243"><i>After Hours -</i> <span style="color: blue;"><b>AAPL, </b></span>T, <span style="color: blue;"><b>AMGN</b></span>, X, WDC, ACE, CNI, SYK, VMW, EA, <span style="color: blue;"><b>YHOO,</b></span> FSL, JNPR, DOX, POL, TSS, BXP, ILMN, CYT, OTEX</li>
</ul>
</li>
<li id="yui_3_16_0_1_1422199865115_2237"><b>Wednesday:. </b><ul id="yui_3_16_0_1_1422199865115_2236">
<li id="yui_3_16_0_1_1422199865115_2240"><i>Pre Market -</i> ABC,
FCAU, <span style="color: blue;"><b>BA</b></span>, SPIL, ANTM, GD, EMC, IP, AEP, PGR, TXT, TEL, PX, GIB, <span style="color: blue;"><b>BIIB</b></span>,
HES, STM, ROK, STJ, MWV, BAH, MKC, ENR, AME, TROW, MTOR, ADT, EAT, TUP,
RES, AHGP, ARLP, CRS</li>
<li id="yui_3_16_0_1_1422199865115_2235"><i>After Hours -</i> <span style="color: blue;"><b>QCOM</b></span>,
FLEX,<span style="color: blue;"><b> FB, LVS,</b></span> JEC, AMP, STLD, RKT, TSCO, ATK,<span style="color: blue;"><b> LRCX</b></span>, MUR, SWFT, TGI,
CBT, CACI, MEOH, VAR, WSTC, GGP, HOLX, ALB, KEX, IEX, PRXL, IGT, TTEK,
AVB</li>
</ul>
</li>
<li id="yui_3_16_0_1_1422199865115_2318"><b>Thursday:</b> <ul id="yui_3_16_0_1_1422199865115_2321">
<li id="yui_3_16_0_1_1422199865115_2320"><i>Pre Market -</i> <span style="color: blue;"><b>ALXN</b></span>, RDS.A,
PSX, F, VLO, CAH, DOW, EPD, COP, RTN, NOC, TWC, ABT, <span style="color: blue;"><b>BABA</b></span>, TMO, OXY,
BAX, CL, NOK, VIAB, RCI, LLL, SWK, XEL, CAM, APD, SHW, ALV, <span style="color: blue;"><b>CELG</b></span>, HSY,
WCC, BX, RCL, DGX, PHM,<span style="color: blue;"><b> POT,</b></span> CMS, HAR, KELYA, JBLU, IVZ, ZMH, ALLY, MJN,
BEAV, HOG, BMS, HP, BC, HUB.B, LSTR, RYL, TKR, MTH, KMT, AIT, HGG, MD</li>
<li id="yui_3_16_0_1_1422199865115_2323"><i>After Hours -</i><span style="color: blue;"><b> AMZN, GOOG, V, </b></span>CB, PFG, EMN, BRCM, HBI, RHI, WYNN, MTW, UIS, LEG, BCR, DECK, SCSC, SFG, PCCC, PKI, NFG, HA, NEU, WERN, N, </li>
</ul>
</li>
<li id="yui_3_16_0_1_1422199865115_2325"><b>Friday:</b> <ul id="yui_3_16_0_1_1422199865115_2339">
<li id="yui_3_16_0_1_1422199865115_2341"><i>Pre Market -</i> HMC,
CVX, NVO, TSN, <span style="color: blue;"><b>ABBV</b></span>, LLY, MAN, XRX, MO, LEA, IR, TYC, <span style="color: blue;"><b>MA,</b></span> MAT, BEN, WY,
AVY, NWL, INGR, SPG, BERY, CNX, NS, LM, MOG.A, IDXX</li>
</ul>
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<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-3-ntjzUIi_k/VMZgc_Z_UsI/AAAAAAAAMoE/psgJVnOSFkY/s1600/TICK%2B26.01.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-3-ntjzUIi_k/VMZgc_Z_UsI/AAAAAAAAMoE/psgJVnOSFkY/s1600/TICK%2B26.01.png" height="640" width="617" /></a></div>
<br />
<ul id="yui_3_16_0_1_1422199865115_2339">
</ul>
</li>
</ul>
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com0tag:blogger.com,1999:blog-19713238.post-76998361832071507452014-11-21T00:22:00.000-05:002014-11-21T00:24:37.182-05:00AAPL (Apple Inc.) Measured Move Target $121.82<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-ZMJ82ajqYKQ/VG7IvCWS9kI/AAAAAAAAMn0/sXMuZw2Ohns/s1600/AAPL_TGT.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-ZMJ82ajqYKQ/VG7IvCWS9kI/AAAAAAAAMn0/sXMuZw2Ohns/s1600/AAPL_TGT.png" height="376" width="640" /></a></div>
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AAPL is closing in on the measured move target of $121.82. In 2013 AAPL traded half-way back from the 2009 lows to the 2012 highs. Now it is approaching the 23.6% Fibonacci target which completes the measured move.<br />
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<br />TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com0tag:blogger.com,1999:blog-19713238.post-13222477569563491532013-01-04T10:21:00.002-05:002013-01-04T10:45:40.895-05:00AAPL - Bearish Island <div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/--hmLlu9drFs/UOb4tJeeYZI/AAAAAAAAMks/DIwYjuriRDw/s1600/AAPL_LIS_522.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="232" src="http://2.bp.blogspot.com/--hmLlu9drFs/UOb4tJeeYZI/AAAAAAAAMks/DIwYjuriRDw/s320/AAPL_LIS_522.png" width="320" /></a></div>
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10:45 AAPL Update - LIS for bulls is 522 assuming this is a traditional low to high fib placement rather than an extension.<br />
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<a href="http://3.bp.blogspot.com/-w9ZXYcQL6q8/UOby8jd75WI/AAAAAAAAMkY/nvYpYPLWjoU/s1600/2013-01-04_aapl.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="215" src="http://3.bp.blogspot.com/-w9ZXYcQL6q8/UOby8jd75WI/AAAAAAAAMkY/nvYpYPLWjoU/s320/2013-01-04_aapl.png" width="320" /></a></div>
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Caution, bearish island reversal has formed on AAPL chart. If bulls don't defend HWB, AAPL is doomed to retest support once again.TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com13tag:blogger.com,1999:blog-19713238.post-15753258430845359212013-01-03T12:24:00.002-05:002013-01-03T12:24:43.360-05:00Apple Inc. (AAPL) Micro Short Broken<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-dy5iNSex5Jc/UOW8_fxAkVI/AAAAAAAAMkE/PUBf0hJAwYc/s1600/2013-01-03_AAPL.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="220" src="http://2.bp.blogspot.com/-dy5iNSex5Jc/UOW8_fxAkVI/AAAAAAAAMkE/PUBf0hJAwYc/s320/2013-01-03_AAPL.png" width="320" /></a></div>
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Last week AAPL broke the micro short with a short squeeze. Yesterday we gapped up to previous resistance (yellow line). Now we are consolidating the move. I wouldn't be surprised if we fill yesterday's gap completely and bounce. There is a small gap around $569 which could provide resistance as AAPL makes its way to our target of $605.00<br />
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com8tag:blogger.com,1999:blog-19713238.post-31726592467733825802012-12-21T10:24:00.001-05:002012-12-21T10:24:30.726-05:00AAPL Retest of Original Setup<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-XggpC0gQEDU/UNR-rowxL6I/AAAAAAAAMjw/UF-55xv6tr8/s1600/AAPL_gap.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="262" src="http://3.bp.blogspot.com/-XggpC0gQEDU/UNR-rowxL6I/AAAAAAAAMjw/UF-55xv6tr8/s320/AAPL_gap.png" width="320" /></a></div>
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The 15 min. chart of AAPL above shows that we retested the original 15 min. long setup on the open. A gap fill is being attempted.<br />
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com10tag:blogger.com,1999:blog-19713238.post-58346146716176351822012-12-20T12:02:00.003-05:002012-12-20T12:03:45.118-05:00AAPL Line in the Sand<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-G5-qy-lOOoc/UNND3AX_2WI/AAAAAAAAMjc/JPrYQ31orgs/s1600/AAPL_LIS.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="237" src="http://1.bp.blogspot.com/-G5-qy-lOOoc/UNND3AX_2WI/AAAAAAAAMjc/JPrYQ31orgs/s320/AAPL_LIS.png" width="320" /></a></div>
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AAPL broke its micro ext. long. Now the LIS for bulls is $514 which is the 61.8% Fib level of the full range, low to high.TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com8tag:blogger.com,1999:blog-19713238.post-84442378132793944322012-12-18T13:02:00.000-05:002012-12-18T21:44:28.489-05:00Apple Inc. (AAPL) Short-term Reversal<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-_tM_vDagwPA/UNCrHiOPgLI/AAAAAAAAMjI/FA5kGBUJuj0/s1600/AAPL_ST_reversal.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="161" src="http://2.bp.blogspot.com/-_tM_vDagwPA/UNCrHiOPgLI/AAAAAAAAMjI/FA5kGBUJuj0/s320/AAPL_ST_reversal.png" width="320" /></a></div>
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My prediction in <a href="http://traderjamie.blogspot.ca/2012/12/aapl-retest-of-nov-lows.html" target="_blank">my last post</a> came true. The micro short on the daily chart (left) traded to target. This resulted in a slightly lower low with positive divergence of the RSI foreshadowing a short-term reversal.<br />
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How to take advantage of a potential.reversal? Move to lower timeframe. Look for:<br />
<ol>
<li> Positive divergence of RSI to lower price.</li>
<li>Wait for price to take out previous swing high.</li>
<li>Wait for base to form - at least two relatively equal points form a base. In this case AAPL touched 517 twice before retracing.</li>
<li>Buy the ambush.</li>
</ol>
This setup has a very high success rate. The success is measured on reaching the first target. The first target is the green dotted line -23.6% Fibonacci level. Here we see that AAPL blew past 1st target very easily. Now we are in the ambush zone of the next micro short. Since the long traded 1st, and the setup was technically perfect, we expect the micro short to fail.<br />
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However, this still a counter-trend trade to take us back to the bigger setup at $605 which is an ambush short. TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com17tag:blogger.com,1999:blog-19713238.post-20110084052488409722012-12-14T11:13:00.000-05:002012-12-14T11:13:12.842-05:00AAPL- Retest of Nov. Lows<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-ANGArP8AzYU/UMtPCrU1uNI/AAAAAAAAMiw/RguFXwCH7cE/s1600/aapl_retest.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="218" src="http://4.bp.blogspot.com/-ANGArP8AzYU/UMtPCrU1uNI/AAAAAAAAMiw/RguFXwCH7cE/s320/aapl_retest.png" width="320" /></a></div>
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AAPL is about to retest November lows at $505.75. The micro measured move within the larger pattern has a target of $500. If we make a slightly lower low with positive divergence of the RSI, we could get the much awaited bounce back to the ambush zone at $605.TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com8tag:blogger.com,1999:blog-19713238.post-53807564194412394942012-12-08T17:39:00.000-05:002012-12-08T18:22:56.814-05:00Apple Inc. (AAPL) Complete Chart Analysis<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-17aBZbqLjCg/UMO2AfWnUHI/AAAAAAAAMhs/ztqP7Aw2npU/s1600/AAPL_mth.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="236" src="http://2.bp.blogspot.com/-17aBZbqLjCg/UMO2AfWnUHI/AAAAAAAAMhs/ztqP7Aw2npU/s320/AAPL_mth.png" width="320" /></a></div>
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The first chart above is the 20 yr. monthly timeframe for AAPL. We can
see from this chart that in the 2008 crash, AAPL retraced into the
ambush zone setting up for a normal measured move. After a retest of
the 2007 highs, AAPL went straight up and blew past Fibonacci targets in
a series of Fib. extensions (high to high).<br />
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<a href="http://3.bp.blogspot.com/-0wJYjsk97jE/UMO3xxq0fTI/AAAAAAAAMh0/v53QFPmbVKM/s1600/aapl_daily.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="235" src="http://3.bp.blogspot.com/-0wJYjsk97jE/UMO3xxq0fTI/AAAAAAAAMh0/v53QFPmbVKM/s320/aapl_daily.png" width="320" /></a></div>
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The second chart of AAPL is the daily, where we focus on the last successful Fib. extension long. After breaking out of a lengthy consolidation, AAPL ripped higher and then pulled back to the ambush zone of the last leg up (high to high) and then proceeded to trade to target 23.6% Fib. extension (green dotted line).<br />
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Two indicators foreshadowed an interim top to this incredible run in price:<br />
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<ol>
<li>Negative divergence of the RSI to higher prices, and</li>
<li>The lack of volume in comparison to the move into the previous peak.</li>
</ol>
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After completing a target on a Fib. extension, we redraw the Fib lines from the same anchor to the new high. If we blow past the 23.6% target in a big way, we redraw the Fibs from the previous peak to new highs and start a new extension. Since AAPL just breached the target by a few points, no need to start a new extension.<br />
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<a href="http://2.bp.blogspot.com/-3X2behIbXj0/UMO8pxUcjLI/AAAAAAAAMiI/iNSceVI8YEc/s1600/AAPL_failure.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="235" src="http://2.bp.blogspot.com/-3X2behIbXj0/UMO8pxUcjLI/AAAAAAAAMiI/iNSceVI8YEc/s320/AAPL_failure.png" width="320" /></a></div>
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The 3rd chart above, shows that AAPL failed to hold the 61.8% support line of the last Fib. extension.<br />
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This failure means that AAPL can now retrace all the way half way back (HWB) from the initial anchor in our series from our monthly timeframe which was the 2007 highs.<br />
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<a href="http://3.bp.blogspot.com/-Um1oCZtJotI/UMO-HdLM0UI/AAAAAAAAMiY/mp5r9b7t-tk/s1600/AAPL_next_trade.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="237" src="http://3.bp.blogspot.com/-Um1oCZtJotI/UMO-HdLM0UI/AAAAAAAAMiY/mp5r9b7t-tk/s320/AAPL_next_trade.png" width="320" /></a></div>
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The last chart is a weekly timeframe which shows how we might get HWB. The 1st senario, is that we retest capitulation lows set on November 16th, and then trade HWB from highs as depicted by the white arrows on the above chart, or, we trade straight down to support. Notice how the target for the ambush short lines up very closely to 50% retracement of the support long.<br />
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I favor the 1st scenario because we usually like to trade the first setup after a trend break. It would seem strange that one of the most technical stocks in the market wouldn't setup a technical short to get us back to support.<br />
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The target if the support long is successful is $823.00. The correction is healthy.<br />
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I've pretty much abandoned the H&S top scenario. One reason is the slightly downsloping neckline. In my experience, this chart pattern works much better when the neckline slopes slightly upward.<br />
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<i>Click on the charts to enlarge.</i>TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com17tag:blogger.com,1999:blog-19713238.post-66042431764256182392012-12-05T12:54:00.001-05:002012-12-05T12:54:42.287-05:00Apple Inc. (AAPL) Short-term Long Setup<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-pKvmzXeybRA/UL-IBZJhYdI/AAAAAAAAMgk/7l05tgkgKqo/s1600/2012-12-05_AAPL_update.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="230" src="http://3.bp.blogspot.com/-pKvmzXeybRA/UL-IBZJhYdI/AAAAAAAAMgk/7l05tgkgKqo/s320/2012-12-05_AAPL_update.png" width="320" /></a></div>
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<a href="http://1.bp.blogspot.com/-h35w3gQ_Kek/UL-ID5IYQzI/AAAAAAAAMgs/QUoEzz0mh1M/s1600/2012-12-05_AHA.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="233" src="http://1.bp.blogspot.com/-h35w3gQ_Kek/UL-ID5IYQzI/AAAAAAAAMgs/QUoEzz0mh1M/s320/2012-12-05_AHA.png" width="320" /></a></div>
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Here are two AAPL 15 minute charts and possible scenarios to get AAPL to trade to the ambush short that I highlighted in my<a href="http://traderjamie.blogspot.ca/2012/12/apple-inc-aapl-h-top-pattern.html" target="_blank"> last post</a>.<br />
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The first is a straight ambush long from capitulation lows to recent highs. We are in the zone now.<br />
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The second is an AHA trade setup. After the capitulation bounce, we peaked and never traded half way back. Instead we drifted higher to the initial target. This scenario is highly likely as the ambush zone lines up perfectly with gap support.<br />
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com6tag:blogger.com,1999:blog-19713238.post-76232837003534581662012-12-03T00:22:00.000-05:002012-12-03T00:22:33.864-05:00Apple Inc. (AAPL) H&S Top Pattern<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-w3QO1unRys4/ULwrYFkStaI/AAAAAAAAMgU/JmOK6Nmx8YM/s1600/AAPL_Daily_H&S_Top_001.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="305" src="http://1.bp.blogspot.com/-w3QO1unRys4/ULwrYFkStaI/AAAAAAAAMgU/JmOK6Nmx8YM/s320/AAPL_Daily_H&S_Top_001.png" width="320" /></a></div>
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AAPL is forming the right shoulder of a H&S top reversal pattern. We note high volume on the left shoulder which is typical of the pattern. The strong uptrend begins to wane as the head forms on less volume and then, finally we confirm the pattern when we observe really weak volume on the right shoulder. We had a volume spike when AAPL capitulated on Friday November 16th. Since then AAPL has retraced on declining volume.<br />
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We expect the right shoulder to top out in the ambush zone or the blue line which lines up with left shoulder. After we breach the neckline, we might get a dead cat bounce, followed by a measured move down. The measured move should be the approx.length of the top to neckline, in this case $200 (705-505).<br />
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com6tag:blogger.com,1999:blog-19713238.post-26306584347629544382012-11-09T07:39:00.000-05:002012-11-09T07:39:43.888-05:00Apple Inc. (AAPL) Selloff - What Next?<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-fz630y7IpEo/UJz4GY37uEI/AAAAAAAAMf8/fE7L4UJOvvc/s1600/AAPL_H$S_top.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="250" src="http://1.bp.blogspot.com/-fz630y7IpEo/UJz4GY37uEI/AAAAAAAAMf8/fE7L4UJOvvc/s320/AAPL_H$S_top.png" width="320" /></a></div>
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AAPL is about to breach the ambush zone of the fib extension long. If the selling pauses not too far below $534, we might have the chance to retrace and form a H&S top before the selling resumes. In the chart above, I hypothesize $525 as an interim bottom to show what kind of a bounce we could expect for the right shoulder.TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com2tag:blogger.com,1999:blog-19713238.post-31270349226811137352012-11-05T09:01:00.001-05:002012-11-05T09:02:27.890-05:00Apple Inc. (AAPL) Ambush In Play<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-qc41LMijjRE/UJfEmqkakgI/AAAAAAAAMfs/RgQPoZB4E6s/s1600/AAPL_ambush_in_play.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="http://4.bp.blogspot.com/-qc41LMijjRE/UJfEmqkakgI/AAAAAAAAMfs/RgQPoZB4E6s/s320/AAPL_ambush_in_play.png" width="267" /></a></div>
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AAPL has retraced back to ambush zone of the Fibonacci extension. This support zone should see buyers step in for a bounce. The negative divergence of the RSI to the last higher high suggests caution. At this point, we don't know if AAPL will reach the next target of $770.00, but we have a good idea that it will get a bounce from support. Failure of the ambush zone to hold as support would mean much lower prices going forward.<br />
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This morning AAPL announced the sale of 3 million ipad minis since it went on sale last week. The stock is higher in pre-market.TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com9tag:blogger.com,1999:blog-19713238.post-9688123450536919942012-10-21T21:33:00.002-04:002012-10-21T21:38:56.247-04:00Technical Picture - Tech Wreck Weighs on Broader Markets<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-sdZwKQbOQUU/UIRLV6_MfoI/AAAAAAAAMe0/D7X7c9jslZE/s1600/sector_perf._since_labor_day_wknd.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="250" src="http://2.bp.blogspot.com/-sdZwKQbOQUU/UIRLV6_MfoI/AAAAAAAAMe0/D7X7c9jslZE/s320/sector_perf._since_labor_day_wknd.png" width="320" /></a></div>
The chart above shows S&P sector performance since the return from labor day weekend.We see that while technology fell 5%, financials spiked by 5%. Most sectors are positive so it is difficult to determine if the weakness in technology will spill through to other sectors and result in a sharper correction for the broader markets.<br />
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The next chart is a 20 year monthly chart of the ND. Here we see that large cap tech stocks have retraced 50% of the tech bubble highs. This is the second rejection, the first being in April 2112, and the second in Sept. after briefly, breaching the 50% level.<br />
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<a href="http://2.bp.blogspot.com/-IJRTBcHQe_Q/UIRN8d6ZKxI/AAAAAAAAMe8/h2KH5G_uTqQ/s1600/NDX_20_YR._retracement.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="238" src="http://2.bp.blogspot.com/-IJRTBcHQe_Q/UIRN8d6ZKxI/AAAAAAAAMe8/h2KH5G_uTqQ/s320/NDX_20_YR._retracement.png" width="320" /></a></div>
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The next chart is the daily ES, NQ, and YM futures. As I wrote on Thursday, the NQ was going down to 2675. By the end of the day we blew below that level. Yet, the broader markets are still holding the neckline of the extension long levels.<br />
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I see a lot of support at NQ 2657, which has traded Sunday evening. ES needs to hold neckline support. I noticed that both ES and YM are coiling (red dots on the TTM squeeze indicator). The red dots precede price expansion.<br />
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Tech earnings will be in focus again this week as AAPL reports on Thursday after the close.
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<a href="http://4.bp.blogspot.com/-k7daH5PUWfc/UIROGamVjrI/AAAAAAAAMfE/-iBUZVVwbng/s1600/indexes_daily.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="167" src="http://4.bp.blogspot.com/-k7daH5PUWfc/UIROGamVjrI/AAAAAAAAMfE/-iBUZVVwbng/s320/indexes_daily.png" width="320" /></a></div>
AAPL reached my preliminary target EOD. If price continues lower tomorrow morning, we will likely have extension shorts from the previous low $623.55 to new lows. If price holds the -23.6 level, we'll use same anchor 682.62 to 609.61 to determine the next Fib. retracement.<br />
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<a href="http://2.bp.blogspot.com/-B7OqBq8a7h8/UISgqjsUxcI/AAAAAAAAMfY/HgZXxN4QrQs/s1600/aapl_friday.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="244" src="http://2.bp.blogspot.com/-B7OqBq8a7h8/UISgqjsUxcI/AAAAAAAAMfY/HgZXxN4QrQs/s320/aapl_friday.png" width="320" /></a></div>
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Some of the widely held names reporting earnings this coming week include:<br />
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<ul>
<li><b>Monday</b>: CAT, FCX, BTU, PCH, STI, CNI, HMA, MUSA, SWFT, TXN, VECO, WDC, and YHOO.</li>
<li><b>Tuesday</b>: MMM, AKS, BEAV, CPLA, COH, DD, HOG, CPLA, PLD, RSH,
RF, WHR, AFL, AMGN, BRCM, CHRW, GILD, GILD, JNPR, NFLX, PNRA, NSC, and
VMW.</li>
<li><b>Wednesday</b>: ALXN, T, BA, BMY, CP, LLY, EMC, GD, LVLT, NDAQ,
NUVA, SAP, TROW, TUP, LCC, AKAM, AVB, CTXS, COHU, CROX, EXAR, FFIV, KNX,
MERU, RYL, TSO, and ZNGA.</li>
<li><b>Thursday</b>: FLWS, AET, MO, BIIB, BBW, CELG, CME, CCE, CL, COP,
CS, D, DOW, DNKN, EVR, FLIR, IMAX, MCK, MJN, OXY, PCP, PDS, PG, RTN,
SCHN, TZOO, UA, ZMH, <b><span style="color: blue;">AMZN, AAPL</span>, </b>BJRI, CLWR, CSTR, DV, EMN, KLAC, NTGR,
CODE, SPF, WOOF, VRSN, and WWWW.</li>
<li><b>Friday</b>: ARLP, AON, ACI, B, CMCSA, EGO, GT, LEA, LM, ERIC, MRK, OHI, PPC, COL, and WY.</li>
</ul>
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com4tag:blogger.com,1999:blog-19713238.post-45548645272852049032012-10-18T14:26:00.003-04:002012-10-18T14:26:45.650-04:00Tech Breakdown and Apple Inc. AAPL Update<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-GqOQc_-ODxQ/UIBHEoSkyJI/AAAAAAAAMeE/7AaTcI-bT6A/s1600/aapl_update.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="205" src="http://4.bp.blogspot.com/-GqOQc_-ODxQ/UIBHEoSkyJI/AAAAAAAAMeE/7AaTcI-bT6A/s320/aapl_update.png" width="320" /></a></div>
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<a href="http://2.bp.blogspot.com/-ibaSHgJtEfg/UIBJpbUX40I/AAAAAAAAMeY/krpKDKbTtXs/s1600/futures_update.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="168" src="http://2.bp.blogspot.com/-ibaSHgJtEfg/UIBJpbUX40I/AAAAAAAAMeY/krpKDKbTtXs/s320/futures_update.png" width="320" /></a></div>
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Large cap tech titans such as IBM, INTC, GOOG have missed earnings estimates and tech stocks have underperformed the broader markets. As depicted on the second chart, NQ futures are broken and have observed the daily ambush short as resistance. Next target for the NQ is 2675. The ES and YM are holding their extension longs. Will tech bring down the broader markets? If so, expect a much larger correction.<br />
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AAPL has tested $623.55 twice. A break of this level brings us to the next target as depicted on the above chart.<br />
TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com2tag:blogger.com,1999:blog-19713238.post-64230767430963975072012-10-11T00:13:00.002-04:002012-10-11T00:30:40.364-04:00Apple Inc. (AAPL) Short-Term, Oversold Bounce<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-5elxBNDBrHc/UHZEjn4jOgI/AAAAAAAAMdo/mSkwbXm5Xk8/s1600/AAPL_temp_support.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="239" src="http://4.bp.blogspot.com/-5elxBNDBrHc/UHZEjn4jOgI/AAAAAAAAMdo/mSkwbXm5Xk8/s320/AAPL_temp_support.png" width="320" /></a></div>
In my<b> <a href="http://traderjamie.blogspot.ca/2012/10/aapl-correction-in-play.html" target="_blank">previous post</a>,</b> I outlined the Fibonacci support (ambush) zone for AAPL based on an extended move to date. The area of major support is $567 to $535. Yesterday's bounce at $623 was in the ambush zone from $567 to $705 highs.<br />
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<a href="http://4.bp.blogspot.com/-84C7UTuO-F8/UHZEmW0shSI/AAAAAAAAMdw/KpJYjblYvgg/s1600/AAPL_series.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="265" src="http://4.bp.blogspot.com/-84C7UTuO-F8/UHZEmW0shSI/AAAAAAAAMdw/KpJYjblYvgg/s320/AAPL_series.png" width="320" /></a></div>
The second chart shows the series of measured moves down. If the series breaks, we can trade all the way half way back from highs to lows.<br />
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The target is still $567.00, but there will be relief rallies along the way.TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com6tag:blogger.com,1999:blog-19713238.post-35350453497640087022012-10-08T23:27:00.000-04:002012-10-09T01:43:17.597-04:00Apple Inc. (AAPL) Correction In Play<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-sE11Od_kmAc/UHOWNFUCsvI/AAAAAAAAMdY/nSApAGugbUY/s1600/AAPL_correction.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="167" src="http://4.bp.blogspot.com/-sE11Od_kmAc/UHOWNFUCsvI/AAAAAAAAMdY/nSApAGugbUY/s320/AAPL_correction.png" width="320" /></a></div>
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From the weekly chart of AAPL on the left, we see that AAPL traded a Fibonacci extension long to target and now it is pulling back. Note the negative divergence of both the RSI and MACD on this last leg up. This divergence foreshadows a correction.<br />
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On the daily chart (right), we have plotted the same studies and we have replotted the fibs from the same anchor to the new high. The expected fib.retracement shows that the new ambush zone is in the range of $567 down to $535 and the new target is $771. This technical support zone will likely get a bounce when it trades, notwithstanding any bad earnings results. However, we can't ignore the red flag signaled from the RSI and MACD. These imply a deeper correction is likely.TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com2tag:blogger.com,1999:blog-19713238.post-14059668321853138832012-08-29T22:45:00.000-04:002012-08-29T22:52:14.658-04:00APKT Breakout and Target<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-X1hdTgB2V3Y/UD7QtSSh1VI/AAAAAAAAMdE/lNuE9cQ81x4/s1600/APKT_BO.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="168" src="http://2.bp.blogspot.com/-X1hdTgB2V3Y/UD7QtSSh1VI/AAAAAAAAMdE/lNuE9cQ81x4/s320/APKT_BO.png" width="320" /></a></div>
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<i>Click on chart to enlarge</i></div>
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In my last<a href="http://traderjamie.blogspot.ca/2012/08/acme-packet-apkt-base-break-setup.html" target="_blank"> post</a>, I highlighted APKT as a base and break candidate at $18.00. Today it broke out on high volume, closing at the highs of the day.<br />
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The chart on the right is the daily timeframe. The pattern is an inverse H&S bottom. On a measured move basis, we target $23.00. However, APKT has been in a downward spiral since last year, and we want to be aware of the ambush short that could get in the way of meeting our MM target.<br />
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The chart on the right is the hourly timeframe. We are in a fib extension long from the high prior to the BO to new high. Pullbacks to the ambush zone from the most recent high can be bought if they trade before we reach the target.TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com4tag:blogger.com,1999:blog-19713238.post-18625706931047102732012-08-23T02:21:00.002-04:002012-08-29T22:49:28.297-04:00Acme Packet APKT Base & Break Setup<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-66NKFPsXetY/UDXKL3EAOHI/AAAAAAAAMc0/5kQ1-iNxjBo/s1600/APKT+18.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="247" src="http://3.bp.blogspot.com/-66NKFPsXetY/UDXKL3EAOHI/AAAAAAAAMc0/5kQ1-iNxjBo/s320/APKT+18.png" width="320" /></a></div>
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APKT capitulated in late July and now looks poised for a break of a two month base at $18.00. Preliminary target is $23.00.TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com0tag:blogger.com,1999:blog-19713238.post-10769293435741234742012-06-07T22:34:00.000-04:002012-06-07T22:38:36.059-04:00Technical Picture - Daily Ambush Short Has Triggered<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-a44sJ4Het8w/T9Faak1zzqI/AAAAAAAAMbo/RzHESwrJz84/s1600/spx.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="321" src="http://4.bp.blogspot.com/-a44sJ4Het8w/T9Faak1zzqI/AAAAAAAAMbo/RzHESwrJz84/s400/spx.png" width="400" /></a></div>
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In my last post we noted that the SPX daily ext. short had reached its 23.6% FE target at 1267. From there we traded all the way back to the new ambush zone (same anchor1391, new low 1267). We reversed midday following the disappointing Bernanke testimony. The new target for the daily ext. short is 1238, however, from the 15 min. ES Emini futures chart below, we will be interested to see if futures bounce HWB long between 1296 and 1288 (ambush zone) on the June contract (Sept. contract values are a few points lower). If these levels hold as support, we could form an inverse H&S bottom. Notice how these levels held and bounced numerous times on the way down.<br />
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<a href="http://4.bp.blogspot.com/-3e1ZA0jUee0/T9FjT1CWPII/AAAAAAAAMb0/dVmCLxnn31w/s1600/ES+15+min..png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="300" src="http://4.bp.blogspot.com/-3e1ZA0jUee0/T9FjT1CWPII/AAAAAAAAMb0/dVmCLxnn31w/s400/ES+15+min..png" width="400" /></a></div>
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<br />TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.com1