GM
2007-12-09 04:34:00
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$. It's definitely in a shrap downtrend, that i think it will not stop soon.
Good luck with GM
INTC in a upward momentum
2007-12-08 10:33:00
INTC is in a really trending bullmarket, and i can say that 30$ 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:
Daily Chart:
Csco, resume of the Bearmarket?
2007-12-08 10:06:00
Looking at Csco chart one can say that Csco is really in trouble, i simply can't see how bulls can win the battle. Bears are alreday in control, and i supose Csco will visit 25$ in the near future. For that reason i think csco is already in a bear trend that will last a few months, now on.
AAPL ready for 210$
2007-12-08 05:30:00
AAPL is very bullish, the bull market is making this stock really profitable. The fall in early November was just a shake out for the weak bulls, since then we can see a steady climbing in AAPL price, which will leads us to 210$ in short term.
Read more: ready
The Beginning
2007-12-08 05:25:00
This is the beginning of Stock on the rocks, the new blog about financials and stocks. I'll try to analyse the markets from my system point of view, and bring a new fresh example of how can we profit from stocks. I'll analyse Nasdaq an NYSE stocks, as well all the major indices, in the USA and trought out the world.
Nasdaq 100
2007-12-11 16:24:00
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.
Read more: Nasdaq
A 0.25 points and a sell-off
2007-12-11 16:17:00
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.
Another up day
2007-12-10 16:35:00
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.
Futures up, Europe up
2007-12-10 07:02:00
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.
CELG a rebound soon?
2007-12-09 16:08:00
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
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