Market Review (02/11/2013) and preview for tomorrow

We had a brief down day today but ended flat pretty much. A weak energy sector pulled the entire market back.

DJIA - -0.16%
SP500 - -0.06%
NASDAQ - -0.06%

The SP500 is still chilling under this 1520 mark but we could see some consolidation before it gets a move up.

WATCHLIST

SHLD - flag

PKD - flag

CRZO - break of $22.80 level

SJT - flag

VOLC - over $26, might even consolidate for a few days

Market Preview (02/11/2013-02/15/2013) and Watch List

Up and down days we had during the past week but we ended strong on Friday.

Past weekly market performance:

Dow - -0.10%

SP500 - +0.30% 

Nasdaq - +0.50%

 

 

The SP500 consolidated for a few days before making a new high on Friday as we ended the week strong.

 

WATCHLIST

 

NAV - bull flag

MXIM - over $32.41

LVS - flag

YPF - flag, need some volume

RMBS - flag

 

UTIW - watching $15.19 level

Good luck tomorrow!

Market Review (02/07/2013) and preview for tomorrow

We had a down day in the markets today and it is still consolidating under some resistance. International trade data tomorrow.

DJIA - -0.30%
SP500 - -0.18%
NASDAQ - -0.11%

WATCHLIST

GNTX - complete gap fill

DVAX - watching $3.21 for movement

DECK - resistance break

MTRX - bull flag

MDRX - watching for movement over 200 DMA

Good luck tomorrow!

Market Review (02/06/2013) and preview for tomorrow

Rangebound day in the markets today as it was pretty difficult to get a sense of the direction but we did end up at resistance and at the highs of the day.

DJIA - +0.05%
SP500 - +0.05%
NASDAQ - -0.10%

The SP500 had a rangebound day today but it ended up being bought until the end of the day closing at resistance.  We have been consolidating right below this resistance for a while.

WATCHLIST

FSL - watching $15

INVN - flag

IRBT - flag

RSTI - expecting a pullback here at resistance, short watch

SPWR - flag

Good luck tomorrow!

Market Review (02/04/2013) and preview for tomorrow

Markets slid today as the major indexes posted its biggest loses for 2013. I knew this was going to happen after a long five-week rally as the markets were very extended.

DJIA - -0.93%
SP500 - -1.15%
NASDAQ - -1.51%

The SP-500 is extended I am looking for a pullback up to two possible levels 1475 and 1485.

WATCHLIST

GTN - over 4.13 for continuation

 LSCC - bull flag

EFII - bull flagg

ZIXI - bull flag

ODP - bull flag