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

Market Review (01/31/2013) and preview for tomorrow

As we close out January, the stock market took a breather and ended red today. We had the best January this month since 1994. We are at the start of a pullback which is good because we had a very strong bull run.

DJIA - -0.36%
SP500 - -0.26%
NASDAQ -  -0.01%

The SP500 has started a pullback after a strong bull run this January.

WATCHLIST

CLF - break

DECK - bounce off support

FOLD - ready to make a big move as it crossed the 20DMA

ATVI - flag

GCO - flagging right under 200 DMA

Good luck tomorrow!

Market Review (01/30/2013) and preview for tomorrow

The markets fell today as GDP contracted in the fourth quarter last year and the Fed is continuing the bond-buying program but offered mixed reviews of the economy.

DJIA - -0.32%
SP500 - -0.39%
NASDAQ - -0.36%

The SP500 pulled back today but it is after such a long bull run.

WATCHLIST

CBMX - flagging  right above 20 DMA and 50 DMA

ATI - the 200 DMA tapped 4 times, flagging right under it

BGCP - watching $3.89 level

CRZO - flag

ECYT - watching $10 level

Good luck tomorrow!

Market Review (01/29/2013) and preview for tomorrow

The market continued today to make new highs and I believe right now is a great time to be in the markets to make some big gains!

DJIA - +0.52%
SP500 - +0.51%
NASDAQ - -0.02%

The SP500 is continuing to make new highs. I am being very cautious on any swing trades to keep my risk at minimum because the market may pullback anyday now.

WATCHLIST

GTN - short watch
 

ARCO - flagging right under the 200 DMA

KERX - short watch

SRPT - break of this range

ENOC - flag

Market Review (01/28/2013) and preview for tomorrow

The markets finally did have a red day today and snapped their long win streak. Like I said before a consolidation and pullback is healthy right now because the markets have done nothing but run up in January.

DJIA - -0.10%
SP500 - -0.18%
NASDAQ - +0.15%

The SP500 finally had a red day after more than a week of just gains.

WATCHLIST

 

BGCP - flagging right above support, has great upside

 

EGLE - looking for continuation after some good volume

UEPS - break. needs volume

VELT - range break

YPF - flag ready to go, volume pattern is great

Good luck tomorrow!