Stock on the rocks

Tuesday, December 11, 2007

Nasdaq 100

Prepared for next down leg? It seems that market is resuming the last month falls, so is better be prepared for this. Target is last minimum at 1980.

Labels: nasdaq 100

A 0.25 points and a sell-off

Ben Bernanke said that the rate cut was 0.25 and the market just sell-off, now i'am expecting a lower low before year end. Market is very difficult to trade, sideways are tought. Later in the day i will post new TA.

Monday, December 10, 2007

Another up day

All the major indicies finished positive for the day, NASDAQ +0.50% and SP500 +0.70%. This is important because tomorrow the FED meeting will be major news. CELG lose 14% in a single day and finished at 49.19$, near the support at 49.50$, CELG was the biggest loser in Nasdaq100, INTC up 0.18%, CSCO up 0.77% and AAPL down 0.05%.

In after hours, nasdaq is up 0.2%. Tomorrow is time for big news.

Good Trading.

Labels: nasdaq, sp500

Futures up, Europe up

Good Morning,

The trading in Asia and Europe is positive and Nasdaq, Dow and SP futures are all green. Today the trading should be sideways once again, like past friday. Until the FED meeting tomorow the markets should stay in a sideways mode.

Good Trading.

Labels: Asia, Europe, Futures

Sunday, December 9, 2007

CELG a rebound soon?

Looking at CELG chart, i see a possible rebound coming at 56.50$/57$. This rebound is just a technical bounce, not a major change is CELG trend, because CELG is in a downtrend since mid October. In the case that 56.50$/57$ can't provide a bounce, CELG as another suport at 49.50$.

Daily Chart

Labels: celg

GM

GM chart shows a declining trend that will not stop easily, the drop from 43.00$ as been nasty, and it will go on. The charts suggest that this stock will continue droping, with a good change of visiting again the minimus, at 17$. It's definitely in a shrap downtrend, that i think it will not stop soon.

Good luck with GM

Labels: GM

Saturday, December 8, 2007

INTC in a upward momentum

INTC is in a really trending bullmarket, and i can say that 30$ will be the next millestone. TA says that INTC will continue for the coming months in an upward momentum, and once we break 30$, 35$ will be the immediate target.

Weekly Chart: