03/16/10 – http://www.TheTechTrader.com – BioTime, Inc. (BTIM) had a big day today. It was up 1.62 or 28% on 5 million shares. That’s huge volume for that stock. Long range rising channel calls for a move that can take this to about the 13.50 level. Very big percentage gain over the next few weeks potentially. Short-term trading target at 9-9.50. Las Vegas Sands Corp. (LVS) had a significant session today. It’s gone from under 6.00 to over 20 between July to Sept. Today, it jumped 1.37 or 7.3% on 42 million shares, closing just a nickel off the high today. Short-term trading target 23 -24, longer intermediate target in the high 20’s. Pharmasset, Inc. (VRUS) also had a big day today. It was up 2.40 or 10% on 570,000 shares, the heaviest volume in about four months. It’s significant enough to maybe carry this stock higher and test the 08 spike highs in the low to mid 30s. Short-term target is 29, secondary target 34 – 35. Xyratex Ltd. (XRTX) is setting up for a nice move again after breaking of a coil or wedge. It spiked up on a price break away gap on big volume, pulled back over the last 6 – 7 days, and today the volume picked up and the stock jumped 63 cents. It looks like its wanting to break out of the mini-flag its in. Long-term trading target is now in the mid 30s, thats more than a double, short-term target around 23 – 23.50. Other stocks at Harry’s Charts of the Day are Acme Packet, Inc. (APKT), Callon Petroleum Co. (CPE), China Valves Technology, Inc. (CVVT), MAP Pharmaceuticals (MAPP), PLX Technology (PLXT), Pixelworks Inc. (PXLW), Questcor Pharmaceuticals (QCOR), Radware (RDWR), RXi Pharmaceuticals (RXII), Xfone, Inc. – (XFN) http://www.TheTechTrader.com/ChartofDay – Chart Info: Harry’s Charts of the Day, published each evening Monday through Thursday, features Harry Boxer’s video technical analysis on a stock in play. To learn which stocks Harry is adding to his model portfolio, including stops and targets, sign up for a Free 15-Day Trial to his Technical Trading Diary — which includes both day trades and intermediate-term stock picks. https://www.thetechtrader.com/cgi-bin/fbuser.
Duration : 0:7:30
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Today we look at FAZ as it presents a lot of great set-ups both on the swing trade level and the intra day trade level. With a massive triangle and a channel, it seems like you can get yourself some very nice scalps in the next few days. In relation to the financials, we are looking at the H&S formation on the XLF which could break down and form a very strong downside potential. We look at the SPY and show that there is still indecision and that we can still get a pop up to the 50% retracement before we see this rally consolidate a little bit. And finally look at the Dow and MELI, which both give us clearer signals!
Duration : 0:5:1
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Today we play the calendar game. We start off with a weekly chart of the ES (SPY futures) dating back a few years and see what has been happening in the markets ever since. We slowly zoom into the action and try to understand where we are at within the bearish patterns that have been developing over the last 6 months. Today we notice that the 3 last days of the rally have been an ascending wedge formed by an options expiration lift, and if broken to the downside could be incredibly bearish into next week. We also notice that the last week has been basically consolidation for another potential move higher if 1008 on the S&P is broken. If that level is broken, we will shoot to the 1008 double top and probably break it and rally to at least 1020-1025 and as high as 1045. Since we’ve had 3 days of low volume rallies we believe that tomorrow could be a pull back, we played today by selling the upside 102 SPY august calls hoping for some premium, and buying september puts (even though some got stopped out earlier on).
Duration : 0:5:2
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Today I look only at the SPY and VIX chart, but I forecast two potential scenarios in the market, that both lead to a higher (lower volume) ending day (0.5-1%) for tuesdays trade. The first is a small gap higher due to the amateurish action that happened in the last 20 minutes of trading and then a sustained low volume increase until the end of the day, potentially forming a doji green candle. The second is a continued sell off lower to hit the 88.20 level in which we will reverse mid day and end the day potentially flat or slightly positive. I hope you take my words of advice that I put out on this video because it is extremely important in order to become a good trader!
Duration : 0:10:20
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Today we look at how the market is forming a possible top and end to the rally for the short and short/medium terms. We see that many short ETFS are forming capitulation bottoms, and that many stocks are rallying beyond sustainable levels. With that in mind, we believe that one of the targets for this rally will form the last resistance, and we will begin at least a 20-25% consolidation. While we do have still a potential 1-3% more upside from here, going short today was smarter than going long. This market in the near term (1-2days) could consolidate once more, if not reverse. Our targets are 1053-1055, or 1067-1068 and finally 1088 (if it ever reaches it), based on fib retracement targets. In these videos we show you the Dow and how it hits resistance, the S&P and how that hits resistance of the wedge and horizontal price resistance. We show you individual stocks such as the USO, XLF, SRS, JPM, SPY, WYNN and MGM.
Duration : 0:5:1
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Today we look at the market sell off that we were able to predict very accurately. For the past 2 weeks we have hit the nail on the head in every move, down and up. The SPY target for the rally was 110.40, and even though we peaked a little above that, the 60 minutes never closed above 110.40.
Jobs numbers will be coming out tomorrow, but we might get a little bit of that puke trade where we sell off a few more points in the morning and then bounce back. A break of the blue trendline would mean heavier sell offs.
We look at the GLD triangle, SPY, AAPL, UPS and BPI.
Duration : 0:5:1
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Today I update my fellow viewers on what the last 2 days of action really mean for this market. The DOJI candle that formed today on incredible low day could be viewed as two things: The first, is that it is a consolidation pattern for the huge move up that we had on Thursday. The second is that it is an indecision reversal candle. i would believe the former only if we get another day of consolidation down on low volume. However, I believe the latter because there are a lot of resistance which points could point to a move lower. We formed a double top area at 922 on the SPX, and this could actually be the top of the right shoulder. As we form the Head and Shoulders formation, other resistances such as the 923 level, descending channel, 20 SMA Daily lie overhead and could provide a strong push lower. Monday’s action could be one of a fakeout, we might get a rally in early trading to hit those resistances and then fall down from there to at least down 1.5%. If we fall down on low volume though, I will look to position myself long. My other advice is to not get too bullish before the 923-924 is broken. And also to take profits at the 880 level if it is reached at any point next week. We could very well break 880 but i think taking some profits off there is important and essential. I look at the SPY, AAPL, GS and VIX
Have a great weekend!
Duration : 0:7:46
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Today we step back and look at the last 3 days of trading as they have broken both the ascending wedge formation and the megaphone formation to the downside (both are very bearish patterns).
My guess is that we could have started a shorter-term and potentially a longer term top. I outline the channel that people should be eying and the type of trades that we should be looking at. I also look at our 2 short trades that have been working out nicely
Duration : 0:5:1
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02/16/10 – http://www.TheTechTrader.com – Pharmacyclics (PCYC) was up .42 or 8.40% today to 5.29 on nearly 900,000 shares. Short-term target measures up around the 6.50-7.00 range, intermediate around 8.00, then something around the 13.00 range long-term. SMART Modular (SMOD), which has been in a beautiful rising channel for the last year, was up .25 or 3.69% today. Looks like it will get up around 7.25-7.80 short-term, then around the 12.00 level. Sequenom (SQNM) was up .74 or 16.37% to 5.26 on 17.5 million shares, the biggest trading day it;s had in a year, after it announced the launch of the Fetal Sex Determination test today. Next trading target around 6.50, short-term, secondary around 8.00-8.50. Valassis Communications (VCI) was up .98 today or 3.94% to 25.87 on nearly a million shares today. It looks’ like its going to test the 27.00 range, but if the price-volume range gets it to that, this stock could explode to the low to mid-30.00. Other stocks on Harrys chart today are Acme Packet (APKT), Conexant Systems (CNXT), Dendreon (DNDN), Finisar (FNSR), Integrated Silicon Solutions (ISSI), JAZZ Pharmaceuticals (JAZZ), Leapfrog (LP), Interactive Data (IDC), Netlist (NLST). NACG Holdings (NOA) – http://www.TheTechTrader.com/ChartofDay – Chart Info: Harry’s Chart of the Day, published each evening Monday through Thursday, features Harry Boxer’s video technical analysis on a stock in play. To learn which stocks Harry is adding to his model portfolio, including stops and targets, sign up for a Free 15-Day Trial to his Technical Trading Diary — which includes both day trades and intermediate-term stock picks. https://www.thetechtrader.com/cgi-bin/fbuser.
Duration : 0:8:12
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02/08/10 – http://www.TheTechTrader.com – Acme Packet (APKT), which has been acting great, and even though it moved only a fraction today, .08 or .59% on 1.3 million shares taking it up to 13.69 at closing, it looks like it could be a 16.25 stock short-term, secondary target up around 20.00. Financial Bear 3X (FAZ), which turned around in January, closed at 21.81 today, up 1.14 or 5.53% on nearly 81 million shares today. This stock may have some difficulty getting through the 24.00-24.50 zone, which is the short-term trading target, but if it does, you may see this one soar. Hasbro (HAS) had a tremendous day today. Up 3.91 or 12.69% on nearly 11.5 million shares taking it up to 34.71. The explosion today was an impressive one, especially in the face of a declining market, and it would not be unrealistic to think that this stock may get up to the high 30’s, low 40’s to test the Aug, Sept, Oct ‘08 highs. iPath S&P 500 VX Short-Term Futures (VXX), which is the ETF for the VIX, was up .66 or 2.02% on 5.6 million shares today, closing right at the declining 50-day moving average at 33.31. A break through today’s high could lead this one to 37-38 short-term and beyond that, maybe something in the low 40’s. Other stocks on Harry’s Chart of the Day are some really good ones that you’ll want to learn more about. They are Accuray (ARAY), Large Cap Bear 3X (BGZ), China Agritech (CAGC), Conexant Systems (CNXT), Emerging Markets Bear 3X (EDZ), Integrated Silicon Solution (ISSI), Key Tronic (KTCC), Momenta Pharmaceuticals (MNTA), North American Energy Partners (NOA), Pharmacyclics (PCYC), RXi Pharmaceuticals (RXII), Silicon Graphics International (SGI), Small Cap Bear 3X (TZA) – http://www.TheTechTrader.com/ChartofDay – Chart Info: Harry’s Chart of the Day, published each evening Monday through Thursday, features Harry Boxer’s video technical analysis on a stock in play. To learn which stocks Harry is adding to his model portfolio, including stops and targets, sign up for a Free 15-Day Trial to his Technical Trading Diary — which includes both day trades and intermediate-term stock picks. https://www.thetechtrader.com/cgi-bin/fbuser.
Duration : 0:8:21
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