Tuesday, February 28, 2006
CRDN
Ceradyne, Inc. is acting well today so put it on the trading radar. If the stock is pushing toward the close it could be a momentum play.
NE
Noble Corp. seems to be heating up just a bit here so put this stock on that trading radar.
Budd Foxx
Budd Foxx
PALM
Palm Inc. has a very good tone to it this morning so keep this stock on your trading radar.
Budd Foxx
Budd Foxx
SNDK
SanDisk Corp. heating up just a bit in early trading so keep this stock on that trading radar.
Budd Foxx
Budd Foxx
AAPL
Apple Computer has a good tone to it in early trading this morning so keep this stock on your trading radar.
Budd Foxx
Budd Foxx
Stocks Trading Up In Pre-Market
ESLR, GOOG, CRDN, BOOM, VPHM, WGII, GNBT, TNOX, AAPL, SPLS, SNDK, SNTS, SIMO, SHW, CHK, ICGE, STAK, QDEL, FWLT, NVAX, TRAD, OVEN, FRGO, ABP, CHTR, SONS, and HEB
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded include:
AH, ROHI, MVL, DRTE, AEP, and VCLK
Stocks downgraded include:
ELNK, NUVO, MLNM, WLL, XTXI, RTRSY, and BJS
Budd Foxx
AH, ROHI, MVL, DRTE, AEP, and VCLK
Stocks downgraded include:
ELNK, NUVO, MLNM, WLL, XTXI, RTRSY, and BJS
Budd Foxx
Morning News
- Futures pointing to a flat to slightly lower open this morning.
- Fourth quarter GDP expected to be revised slightly higher.
- February Consumer Confidence to be released today.
- February Chicago PMI also due to be released today.
- Reports are out that Microsoft Corp. planning a new hand held device with features of a personal computer, and a digital music player.
- New York Stock Exchange and Archipelago Holdings secure clearance needed to move forward with transaction.
- Intel Corp. to build a $300 million facility in southern Vietnam.
- Apple Computer to hold media event today.
- Overstock.Com to restate financial results for the past four years.
- Crude Oil is $60.85 per barrel.
- Wholesale Gasoline is $1.52 per gallon.
- Natural Gas currently $6.73 per unit.
- Gold up just a bit to $558.70 per ounce.
Earnings
A few of the companies reporting today.
Autodesk Inc. (ADSK)
BioMed Realty Trust Inc. (BMR)
BJ's Wholesale Club (BJ)
Cal Dive International (CDIS)
CenterPoint Energy (CNP)
Deckers Outdoor (DECK)
Dynamic Materials (BOOM)
Emdeon Corp. (HLTH)
Geron (GERN)
H.J. Heinz Company (HNZ)
King Pharmaceuticals (KG)
Magellan Health Services (MGLN)
Papa John's International (PZZA)
Southwestern Energy (SWN)
Teva Pharmaceuticals (TEVA)
ViroPharma Inc. (VPHM)
Budd Foxx
Autodesk Inc. (ADSK)
BioMed Realty Trust Inc. (BMR)
BJ's Wholesale Club (BJ)
Cal Dive International (CDIS)
CenterPoint Energy (CNP)
Deckers Outdoor (DECK)
Dynamic Materials (BOOM)
Emdeon Corp. (HLTH)
Geron (GERN)
H.J. Heinz Company (HNZ)
King Pharmaceuticals (KG)
Magellan Health Services (MGLN)
Papa John's International (PZZA)
Southwestern Energy (SWN)
Teva Pharmaceuticals (TEVA)
ViroPharma Inc. (VPHM)
Budd Foxx
Monday, February 27, 2006
SNDK
Sandisk, Inc. if this stock is pushing the high of the day toward the close it could be a momentum play.
CMED
China Medical Tech, Inc. has a very good tone to it today and if the stock is closing strong it could be a possible momentum play.
ANF
Abercrombie & Finch Company has a very good tone to it today and could be a momentum play if the stock is closing strong.
DNA
Genentech, Inc. the biotechs (BBH) are leading the market and this stock could be a momentum play if it is closing strong on the day.
BNI
Burlington Northern Santa Fe Corp. is acting very well today so put it on the radar for a possible swing setup.
BCRX
Biocryst Pharmaceuticals, Inc. is acting very well this morning on news that China sees a major bird flu breakout in the near future.
NSC
Norfolk Southern Corp. is acting well in early trading. This stock breaks out over $51 per share.
Stocks Trading Up In Pre-Market
ARNA, AAPL, GOOG, INTC, SNDK, IACI, GERN, FLSH, NVAX, PCNTF, SNDA, INFA, DCN, LOW, PPHM, NFI, CYTO, NABI, VPHM, STEM, ASTM, BCRX, GNBT, JBLU, GRMN, PALM, ADSK, SEED, AMED, CYTO, and TOPT
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded include: SAP, OSI, FLSH, SNDK, CRE, CLX, ADSK, SM, CVG, GLG, and INTC
Stocks downgraded include: GLG, NFB, AEIS, MTSN, LCRX, SRE, RJF, RRI, BDN, WRI, ALSK, POT, HOKU, and CBH
Budd Foxx
Stocks downgraded include: GLG, NFB, AEIS, MTSN, LCRX, SRE, RJF, RRI, BDN, WRI, ALSK, POT, HOKU, and CBH
Budd Foxx
Morning News
- Futures are pointing to a slightly higher open this morning.
- Commerce Department to release report on January new home sales today.
- Reports are out that Apple Computer could be intrested in buying Walt Disney & Company.
- National Grid to buy KeySpan Corp. for $7.3 billion.
- The Lundberg Survey shows retail gas prices fell 6 cents on average over the past two weeks.
- China Officials fear a Massive Bird Flu outbreak is likely.
- Crude Oil down this morning to $61.98 per barrel.
- Wholesale Gasoline is $1.51 per gallon.
- Natural Gas $7.08 per unit.
- Gold down slightly this am. to $558.40 per ounce.
Earnings
Just a few of the companies reporting today.
51 Job Inc. (JOBS)
Barrier Therapeutics (BTRX)
Ceres Group (CERG)
Conseco Inc. (CNO)
Encore Medical (ENMC)
Femsa (FMX)
Gasco Energy Inc. (GSX)
Giant Industries (GI)
Hormel Foods (HRL)
LinkTone (LTON)
Lowe's Companies (LOW)
Newmont Mining Corp. (NEM)
Universal Health Services (UHS)
ValueClick Inc. (VCLK)
Whiting Petroleum Corp. (WLL)
Budd Foxx
51 Job Inc. (JOBS)
Barrier Therapeutics (BTRX)
Ceres Group (CERG)
Conseco Inc. (CNO)
Encore Medical (ENMC)
Femsa (FMX)
Gasco Energy Inc. (GSX)
Giant Industries (GI)
Hormel Foods (HRL)
LinkTone (LTON)
Lowe's Companies (LOW)
Newmont Mining Corp. (NEM)
Universal Health Services (UHS)
ValueClick Inc. (VCLK)
Whiting Petroleum Corp. (WLL)
Budd Foxx
Sunday, February 26, 2006
Saturday, February 25, 2006
Friday, February 24, 2006
IPSU
Imperial Sugar Company has broken overhead resistance and is now in blue skies territory so continue to keep this stock on the trading radar.
ISRG
Intuitive Surgical, Inc. is acting well today so put it on the trading radar. This could be a potential reversal setup as the stock is coming off a bottom.
GMXR
GMX Resources Inc. acting very well in early trading so keep this stock on that trading radar.
Budd foxx
Budd foxx
SUF
SulphCo, Inc. traded up on news yesterday and the stock is active this morning in pre-market so put it on the trading radar. The short interest is high on this stock.
NTES
Netease.com reported good earnings yesterday and the stock is trading up on the news so put it on the radar. Several firms have upgraded the stock this morning as well.
Western Silver to be Acquired By Glamis
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 24, 2006--Western Silver Corporation (TSX:WTC - News; AMEX:WTZ - News) and Glamis Gold Ltd. (TSX:GLG - News; NYSE:GLG - News) today announced an agreement whereby Glamis will acquire, through an agreed plan of arrangement, all outstanding shares of Western Silver for a total consideration of approximately C$1.2 billion, or approximately US$1.0 billion.
CPST
Capstone Turbine Corp. is very active in pre-market this morning so put it on the trading radar.
U.S. Jan. durable goods orders plunge 10.2%
WASHINGTON (MarketWatch) - New orders for U.S.-made durable goods plunged 10.2% in January as aircraft orders dried up after three months of strength, the Commerce Department reported Friday. The decline was the largest since July 2000 and far exceeded the 2.5% drop expected by economists. Aircraft orders fell 68.2% in January after averaging more than three times the normal level from October through December. Total transportation orders fell 31.2%. Bookings were healthier elsewhere in the durable goods industries, but the performance was mixed across sectors. Excluding transportation goods, total orders rose 0.6%. Core capital equipment orders fell 0.4%
Stocks Trading Up In Pre-Market
NTES, AAPL, CHK, SOSA, HAL, COP, SLB, MRVL, RMBS, BRCM, SUF, GOOG, CPST, NXG, TFSM, JBLU, TMTA, ZONA, BP, GLD, DUSA, SNDK, and VLO
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
ASCA, STXS, PFG, VAS, SFY, OXY, WPI, E, ELX, KNOL, and NTES
Stocks downgraded this mroning include:
COF, NFB, EUBK, SVR, WEBX, LSCP, JWN, and INTC
Budd Foxx
ASCA, STXS, PFG, VAS, SFY, OXY, WPI, E, ELX, KNOL, and NTES
Stocks downgraded this mroning include:
COF, NFB, EUBK, SVR, WEBX, LSCP, JWN, and INTC
Budd Foxx
Morning News
- Futures are up just a bit this morning we could see a slightly higher open.
- January Durable Goods numbers to be released today.
- H & R Block got it's own taxes wrong and will be restating earnings for 2004, and 2005.
- Research In Motion waiting a federal judges decision to whether it's service will be suspended. The company has stated it does have a work around if this does occur. This decision may come by early next week.
- Bush administration and Dubai Ports World are open to delaying the company taking over operations of five U.S. ports.
- Gap Inc. fourth quarter profit drops 11% and the companies earnings forcast fall well short of analyst expectations.
- Crude Oil on the move this morning currently $61.60 per barrel.
- Wholesale Gasoline also up this morning to $1.54 per gallon.
- Natural Gas is $7.42 per unit.
- Gold is up just a bit this morning to $553.50 per ounce.
Earnings
A few of the companies reporting today.
American Retirement Corp. (ACR)
Asbury Automotive Group. (ABG)
Citizens Communications Co. (CZN)
Discovery Laboratories (DSCO)
Energy Partners Ltd. (EPL)
Fairmont Hotels and Resorts (FHR)
Handleman Company (HDL)
Huntsman Corp. (HUN)
Kaydon (KDN)
Merge Technologies Inc. (MRGE)
Nicor Inc. (GAS)
Sanofi Aventis (SNY)
Westwood One (WON)
Budd Foxx
American Retirement Corp. (ACR)
Asbury Automotive Group. (ABG)
Citizens Communications Co. (CZN)
Discovery Laboratories (DSCO)
Energy Partners Ltd. (EPL)
Fairmont Hotels and Resorts (FHR)
Handleman Company (HDL)
Huntsman Corp. (HUN)
Kaydon (KDN)
Merge Technologies Inc. (MRGE)
Nicor Inc. (GAS)
Sanofi Aventis (SNY)
Westwood One (WON)
Budd Foxx
Thursday, February 23, 2006
NSSC
Napco Security Systems, Inc. could possibly be added to the IBD Top 100 this weekend if the stock can close above $15 per share on Friday.
NSSC CHART
NSSC CHART
Oil Inventories
Crude oil saw a build of 1.1 million barrels.
Gasoline saw a build of 100,000 barrels.
Distillates saw a draw down of 1.3 million barrels.
Natural gas saw a decline of 123billion cubic feet.
Budd Foxx
Gasoline saw a build of 100,000 barrels.
Distillates saw a draw down of 1.3 million barrels.
Natural gas saw a decline of 123billion cubic feet.
Budd Foxx
5 stocks for the new oil reality
The first two months of 2006 should end any dreams that oil will drop below $50 anytime soon. They make a good case that the new price range for oil is between $55 and $70 a barrel.
Investors now know that fears of a confrontation with a heavily armed and militant Iran -- the No. 4 exporter of crude oil in the world -- is enough to push oil to the $69.20 it hit on Jan. 23. And that relative global "peace," combined with oil inventories running well above average for this time of year, is enough to send oil prices down to $55.
Investors now know that fears of a confrontation with a heavily armed and militant Iran -- the No. 4 exporter of crude oil in the world -- is enough to push oil to the $69.20 it hit on Jan. 23. And that relative global "peace," combined with oil inventories running well above average for this time of year, is enough to send oil prices down to $55.
Stocks Trading Up In Pre-Market
TIE, AAPL, CAKE, GW, AQNT, OSIP, HEB, LNUX, SIMO, RMBS, GRMN, GOOG, SNDK, FNM, ICI, BWNG, NCTY, EWY, MSO, A, NVAX, IVAN, and NCTY
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
PLXS, ASMI, SBGI, OSIP, GD, GSIG, and XRM
Stocks downgraded this morning include:
ISIL, AHR, NVTL, MCGC, ASML, AKAM, MRK, USPI, TNM, AACE, and PHRM
Budd Foxx
PLXS, ASMI, SBGI, OSIP, GD, GSIG, and XRM
Stocks downgraded this morning include:
ISIL, AHR, NVTL, MCGC, ASML, AKAM, MRK, USPI, TNM, AACE, and PHRM
Budd Foxx
Morning News
- Futures are pointing to a slightly lower open this morning.
- Weekly Jobless Claims to be released today.
- Weekly Oil Inventories to be released at 10:30 this morning. Natural Gas inventories will also be released today.
- Airbus beats out rival Boeing Co. on orders recieved at Asia's top air show. Airbus recieved up to $3.5 billion in orders from India, and a $1 billion deal with South Korea for plane components.
- FCC cracking down on indecency exposure. The FCC expected to sanction NBC, CBS, FOX, and others.
- Human rights groups protesting against Taser's new product which is a 12 gauge shotgun.
- Crude Oil is $60.93 per barrel.
- Wholesale Gasoline is $1.49 per gallon.
- Natural Gas currently $7.22 per unit.
- Gold right at $555.00 per ounce.
Earnings
A few of the companies reporting today.
Bea Systems (BEAS)
BJ Restaurants Inc. (BJRI)
Cabelas Inc. (CAB)
Checkpoint Systems (CKP)
Chesapeake Energy Corp. (CHK)
Denbury Resources Inc. (DNR)
Frontier Oil (FTO)
Gap Inc. (GPS)
Gerber Scientific (GRB)
Kohl's (KSS)
Loudeye Technologies (LOUD)
Midway Games (MWY)
Mohawk Industries (MHK)
Nabi Biopharmaceuticals (NABI)
Pan American Silver (PAAS)
Safeway Inc. (SWY)
Toll Brothers (TOL)
Zix Corp. (ZIXI)
Budd Foxx
Bea Systems (BEAS)
BJ Restaurants Inc. (BJRI)
Cabelas Inc. (CAB)
Checkpoint Systems (CKP)
Chesapeake Energy Corp. (CHK)
Denbury Resources Inc. (DNR)
Frontier Oil (FTO)
Gap Inc. (GPS)
Gerber Scientific (GRB)
Kohl's (KSS)
Loudeye Technologies (LOUD)
Midway Games (MWY)
Mohawk Industries (MHK)
Nabi Biopharmaceuticals (NABI)
Pan American Silver (PAAS)
Safeway Inc. (SWY)
Toll Brothers (TOL)
Zix Corp. (ZIXI)
Budd Foxx
Wednesday, February 22, 2006
SNDK
Sandisk, Corp. is coming off a bottom and could be a reversal setup here so put it on the trading radar. If the stock is closing strong it could be a momentum play.
SNDK CHART
SNDK CHART
ISRG
Intuitive Surgical, Inc. is coming off a bottom and could be a reversal setup here so put it on the trading radar.
ISRG CHART
ISRG CHART
CHNR
China Natural Resources, Inc. just made a new intraday high so put it on the trading radar.
CHNR CHART
CHNR CHART
BNI
Burlington Northern Santa Fe Corp. has a good tone to it in early trading so put it on the radar.
NSC
Norfolk Southern Corp. continues to have a decent tone to it so put it on the trading radar.
NSC CHART
NSC CHART
VAR
Varian Medical Systems Inc. is trading up in pre-market on news so keep the stock on the radar this week.
VAR CHART
VAR CHART
TIE
Titaniium Metals Corp. is once again trading up in pre-market so keep it on the radar today.
TIE CHART
TIE CHART
CPI rises 0.7% on higher energy costs
The core consumer price index - which excludes food and energy prices - increased 0.2%, as expected.
The increases in the seasonally adjusted CPI should keep the Federal Reserve on course to raise its overnight interest rate target to 4.75% in late March. Additional rate hikes will remain under consideration.
The Fed has said it believes it is "close" to the end of its rate hikes, but remains concerned that the economy will overshoot and inflationary pressures could rise. Higher energy prices could spill over into a general price escalation.
Stocks Trading Up In Pre Market
TIE, BIDU, NTRI, GRMN, LEXG, NYER, SOHU, RHEO, IVAN, LNUX, INFO, GOOG, CBMX, HET, DEZ, FCX, SINA, AKAM, ABB, RGLD, AAUK, and GERN
Upgrades and Downgrades
Stocks upgraded this morning include:
AMV, WRE, DKS, LCC, and IVAC
Stocks downgraded this morning include:
MCRI, CEC, FRP, DCX, PMCS, and INPC
Budd Foxx
AMV, WRE, DKS, LCC, and IVAC
Stocks downgraded this morning include:
MCRI, CEC, FRP, DCX, PMCS, and INPC
Budd Foxx
Morning News
- Futures are pointing to a higher open this morning.
- January Consumer Price Index to be released at 8:30 this morning.
- President Bush not backing down from his decision to allow an Arab owned company to take over operations at six U.S. ports.
- Energy Dept. will release oil inventories on Thursday this week due to the holiday on Monday.
- Alaska officials have made a deal with Exxon Mobil, BP, and Conoco Phillips for a natural gas pipeline. The project not expected to begin until 2012.
- Baidu.Com released earnings yesterday after the bell and the company did beat expectations. Share price jumped, and the stock should be active today.
- Crude Oil is $62.10 per barrel.
- Wholesale Gasoline $1.43 per gallon.
- Natural Gas currently $7.63 per unit.
- Gold backing off just a bit to $554.60 per ounce.
Earnings
A few of the companies reporting today.
Anglo American PLC. (AAUK)
Barrick Gold (ABX)
Berry Petroleum Company (BRY)
Big Lots Inc. (BLI)
Century Aluminum (CENX)
Dobson Communications Corp. (DCEL)
Handleman Company (HDL)
Harrah's Entertainment (HET)
Jack In The Box (JBX)
JLG Industries (JLG)
Martha Stewart Living Omnimedia (MSO)
Pinnacle Entertainment (PNK)
Quicksilver Resources (KWK)
Sprint Nextel Corp. (S)
Taser International Inc. (TASR)
Budd Foxx
Anglo American PLC. (AAUK)
Barrick Gold (ABX)
Berry Petroleum Company (BRY)
Big Lots Inc. (BLI)
Century Aluminum (CENX)
Dobson Communications Corp. (DCEL)
Handleman Company (HDL)
Harrah's Entertainment (HET)
Jack In The Box (JBX)
JLG Industries (JLG)
Martha Stewart Living Omnimedia (MSO)
Pinnacle Entertainment (PNK)
Quicksilver Resources (KWK)
Sprint Nextel Corp. (S)
Taser International Inc. (TASR)
Budd Foxx
Tuesday, February 21, 2006
Learn how to use PowerRatings with Fibonacci
In today's example, let's take a look at Palm (PALM).
PALM bottomed in the first week of November and has been in a steady uptrend since. During that time, PALM went from a low of $24.50 to a high $41.14 (a 68% return in less than 3-months) without any tradable pullback. This can make it very difficult to find a suitable entry point and lead to a rash decision to buy at precisely the wrong time. If you find yourself making this kind of mistake, don't worry as there are tools that can help you avoid repeating them in future.
PALM bottomed in the first week of November and has been in a steady uptrend since. During that time, PALM went from a low of $24.50 to a high $41.14 (a 68% return in less than 3-months) without any tradable pullback. This can make it very difficult to find a suitable entry point and lead to a rash decision to buy at precisely the wrong time. If you find yourself making this kind of mistake, don't worry as there are tools that can help you avoid repeating them in future.
NHWK
NightHawk Radiology Holdings, Inc. is a new issue that is acting well today so put it on the trading radar.
JOYG
Joy Global, Inc. has a decent tone to it today so put it on the trading radar. This stock breaks out above $57 per share.
BOOM
Dynamic Materials Corp. has a decent tone to it in early trading this morning so keep this stock on your trading radar.
Budd Foxx
Budd Foxx
Stocks Trading Up In Pre-Market
HOLX, TIE, VDSI, SVA, ESLR, TXRH, PTIE, AAPL, NVAX, GEOI, FLEX, GTCB, BRNC, LOJN, GILD, TASR, LNUX, BCRX, UPL, SNDA, HEB, RIMM, TWX, HD, TOL, VLO, RSH, MRK, VDSI, CHK, NWL, SHPGY, RTP, VZ, RDY, XMSR, and PTRY
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
OO, NXY, SSL, CHU, FLEX, TSM, RSH, ARTC, and GPS
Stocks downgraded this morning include:
AAA, ALV, RBAK, VIA.B, WWW, SNY, RTP, CCL, ILE, PL, and HTG
Budd Foxx
OO, NXY, SSL, CHU, FLEX, TSM, RSH, ARTC, and GPS
Stocks downgraded this morning include:
AAA, ALV, RBAK, VIA.B, WWW, SNY, RTP, CCL, ILE, PL, and HTG
Budd Foxx
Morning News
- Futures are up this morning pointing to a higher open.
- FED minutes to be released this afternoon.
- Radio Shack Corp. said yesterday CEO David Edmonson has resigned from the company.
- General Motors plant in Oklahoma ends production leaving a couple thousand people with out jobs.
- Proctor & Gamble to sell it's deodorant brands to the Dial Corp. for $420.00 million.
- Bush administration taking some heat for allowing an Arab company to run U.S. ports. A couple of Republicans are threatening legal action to block the Arab companies from taking over the job.
- Piper Jaffray holding meetings with 21 of the top solar companies.
- Crude Oil is $61.25 per barrel.
- Wholesale Gasoline is $1.52 per gallon.
- Natural Gas is $7.36 per unit.
- Gold up just a bit to $555.80 per ounce.
Earnings
A few of the companies reporting today.
Baidu (BIDU)
Bronco Drilling Company Inc. (BRNC)
Clear Channel Communications. (CCU)
Click Commerce Inc. (CKCM)
Dominos Inc. (DPZ)
Federated Dept Stores Inc. (FD)
FoxHollow Technologies (FOXH)
Home Depot (HD)
LoJack (LOJN)
Memory Pharmaceuticals Corp. (MEMY)
Nutrisystem (NTRI)
Tennant Co. (TNC)
Wal-Mart Stores Inc. (WMT)
Budd Foxx
Baidu (BIDU)
Bronco Drilling Company Inc. (BRNC)
Clear Channel Communications. (CCU)
Click Commerce Inc. (CKCM)
Dominos Inc. (DPZ)
Federated Dept Stores Inc. (FD)
FoxHollow Technologies (FOXH)
Home Depot (HD)
LoJack (LOJN)
Memory Pharmaceuticals Corp. (MEMY)
Nutrisystem (NTRI)
Tennant Co. (TNC)
Wal-Mart Stores Inc. (WMT)
Budd Foxx
Monday, February 20, 2006
Sunday, February 19, 2006
The Impact Of An Inverted Yield Curve
The term yield curve refers to the relationship between the short- and long-term interest rates of fixed-income securities issued by the U.S. Treasury. An inverted yield curve occurs when short-term interest rates exceed long-term rates. From an economic perspective, an inverted yield curve is a noteworthy event. Here we explain this rare phenomenon, discuss its impact on consumers and investors, and tell you how to adjust your portfolio to account for it.
Saturday, February 18, 2006
FIVE POWERFUL VOLUME PATTERNS
Volume patterns are much harder to interpret than price patterns. The difficulty stems from the clandestine strategies of big market players. These folks tend to move slowly and cover their tracks within the broad noise of daily movement.
While price bars tell many tales in a vacuum, volume has little or no meaning without underlying price movement. But don't abandon your volume study just yet. It still adds power to prediction when you apply it judiciously.
The importance of volume depends on its location within the overall pattern. For example, heavy volume through a broken trend line suggests the start of a new trend, while the same activity after a long rally or decline predicts a reversal. This counterintuitive logic confuses traders and inhibits their ability to decipher volume at key turning points.
Here are five volume patterns that show considerable predictive power when interpreted correctly. Watch for these setups whenever you're flipping through your charts. Then realize how volume can yield vital information long before price action tells the tale.
While price bars tell many tales in a vacuum, volume has little or no meaning without underlying price movement. But don't abandon your volume study just yet. It still adds power to prediction when you apply it judiciously.
The importance of volume depends on its location within the overall pattern. For example, heavy volume through a broken trend line suggests the start of a new trend, while the same activity after a long rally or decline predicts a reversal. This counterintuitive logic confuses traders and inhibits their ability to decipher volume at key turning points.
Here are five volume patterns that show considerable predictive power when interpreted correctly. Watch for these setups whenever you're flipping through your charts. Then realize how volume can yield vital information long before price action tells the tale.
Friday, February 17, 2006
Day Trading Strategies
When people use the term "day trading", they mean the act of buying and selling a stock within the same day. Day traders seek to make profits by leveraging large amounts of capital to take advantage of small price movements in highly liquid stocks or indexes. Here we look at some common day trading strategies that can be used by retail traders.
SIL
Apex Silver Mines, Ltd. is acting very well today and has an improving chart so put it on the radar.
ENER
Energy Conversion Devices, Inc. is coming out of oversold territory and is acting very well today so put it on the trading radar.
Wall St Warrior Blog
Day Trading Diary - Stock Scans, Stock Charts, Watchlists, and Technical Analysis of the Markets on this blog
Wall St. Warrior
Wall St. Warrior
FLSH
M-Systems Flash Disk Pioneers, Ltd. seems to be getting support at the 200 dma so put it on your watchlist and look for a breakout.
FLSH CHART
FLSH CHART
Stocks Trading Up In Pre-Market
DITC, GOOG, FTO, NVDA, NBR, TTM, VLO, APPX, BTUI, HAL, ATYT, BRCD, BUCY, DITC, AEIS, AAUK, CYTC, PTRY, MNST, CROX, SUNW, DRRX, ENER, COP, KSE, ECA, CVX, PBR, HEB, CHK and IMAX
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
ADBL, TWP, WEBX, DITC, EP, and ABB
Stocks downgraded this morning include:
BF, PGI, GES, VCI, DELL, ENN, BXC, and BLK
Budd Foxx
ADBL, TWP, WEBX, DITC, EP, and ABB
Stocks downgraded this morning include:
BF, PGI, GES, VCI, DELL, ENN, BXC, and BLK
Budd Foxx
Morning News
- Futures a bit weak this morning pointing to a lower open.
- January Wholesale Inflation to be released today.
- Producer Price Index also due out today.
- February Consumer Sentiment Data to be released after the market open today.
- American International Group Inc. to acquire Taiwan's Central Insurance Co.
- Keyspan Corp. the largest generator of electricity in New York state reportedly up for sale. Two companies already showing signs of a bidding war are Edison and National Grid.
- Yesterday a federal judge ordered the Bush administration to release spy documents.
- Crude Oil up just a bit to $59.62 per barrel.
- Wholesale Gasoline is $1.46 per gallon.
- Natural Gas currently $7.28 per unit.
- Gold up just a bit this morning to $551.10 per ounce.
Earnings
A few of the companies reporting today.
American Pharmaceutical Partners (APPX)
Beckman Coulter (BEC)
Campbell Soup (CPB)
Frontline Ltd. (FRO)
Genlyte Group (GLYT)
J.M. Smucker Company (SJM)
Nexen (NXY)
Petrobras (PBR)
Sirius Satellite Radio (SIRI)
Talk America (TALK)
Zale Corp. (ZLC)
Budd Foxx
American Pharmaceutical Partners (APPX)
Beckman Coulter (BEC)
Campbell Soup (CPB)
Frontline Ltd. (FRO)
Genlyte Group (GLYT)
J.M. Smucker Company (SJM)
Nexen (NXY)
Petrobras (PBR)
Sirius Satellite Radio (SIRI)
Talk America (TALK)
Zale Corp. (ZLC)
Budd Foxx
Thursday, February 16, 2006
Podcast of Bob Greifeld, CEO of NASDAQ
Bob Greifeld, CEO of NASDAQ, talking about the new tier structures that make up the Global Select Market, introduced on February 15.
NCR
NCR Corp. has a good looking chart and the stock is acting well today so put it on the trading radar.
NCR CHART
NCR CHART
HANS
Hansen Natural Corp. a stock we mentioned the other day continues to act well so put it on the trading radar.
HOLX
Hologic, Inc. has a good looking chart and the stock has a good tone to it today so put it on the radar for a possible swing trade.
AUY
Yamana Gold, Inc. is acting well today after correcting for most of the week so keep it on the trading radar for a possible swing setup.
TFSM
TFSM 24/7 Real Media, Inc. MACD looks bullish on a daily chart as the fast line is getting ready to cross the slow line so put it on the radar for a possible swing setup.
ILMN
Illumnia, Inc. has broken out and made a new 52 week high today so put it on the trading radar.
AAPL
Apple Computer, Inc. continues to act well as it comes off of a bottom so put it on the trading radar.
TS
Tenaris S.A. ADS is trading up in pre-market and has a good looking daily chart so put the stock on the trading radar.
TS CHART
TS CHART
Stocks Trading Up In Pre-Market
VISG, NTAP, CROX, QDEL, KRY, AAPL, GOOG, BIDU, CRYP, MEDX, AMAT, ATYT, VTAL, DSTI, BCRX, BIIB, GNTA, PTEN, OATS, HLTH, BRCM, AKAM, HPQ, TOT, THC, TS, BSX, ABB, GNBT, SOHU, and BMHC
Budd Foxx
Budd Foxx
Stocks to Watch
Among the companies whose shares are expected to see active trade in Thursday's session are Hewlett-Packard Co., Applied Materials Inc., Dell Inc. and Target Corp.
Upgrades and Downgrades
Stocks upgraded this morning include:
SNPS, HON, GENZ, AEA, ISLE, PNC, and THC
Stocks downgraded this morning include:
AZR, AGP, MDCO, PENN, RAIL, PFCB, EMR, EXPE, BDAY, and STLD
Budd Foxx
SNPS, HON, GENZ, AEA, ISLE, PNC, and THC
Stocks downgraded this morning include:
AZR, AGP, MDCO, PENN, RAIL, PFCB, EMR, EXPE, BDAY, and STLD
Budd Foxx
Morning News
- Futures are pointing to a flat to slightly lower open today.
- January housing starts to be released today.
- Weekly jobless claims also to be released today.
- January Import Price Index to be released.
- February Philly Fed survey also to be released.
- Ben Bernanke enters his second day of testifying on Capital Hill today.
- Amazon.Com Inc. in talks with music companies about a digital music service.
- Newmont Mining Corp. to pay Indonesia $30 million to end pollution suit.
- Tyson Foods Inc. to close Nebraska plants and cut close to 1700 jobs.
- Morgan Stanley lifts it's forcast on oil.
- Crude Oil is $58.37 per barrel.
- Wholesale Gasoline up just a bit to $1.42 per gallon.
- Natural Gas at $7.14 per unit.
- Gold is currently $544.10 per ounce.
Earnings
A few of the companies reporting today.
Advance Auto Parts (AAP)
American Medical Systems (AMMD)
Audible Inc. (ADBL)
Baker Hughes Inc. (BHI)
Biopure Corp. (BPUR)
Brocade Comminications Systems Inc. (BRCD)
BTU International (BTUI)
BucyRus International Inc. (BUCY)
Cabot Oil & Gas Corp. (COG)
Daimler Chrysler (DCX)
Global Industries (GLBL)
Intuit (INTU)
Loews Corp. (LTR)
Natural Gas Services Group Inc. (NGS)
Navigant Consulting (NCI)
Target Corp. (TGT)
XM Satellite Radio (XMSR)
Youbet.Com (UBET)
Budd Foxx
Advance Auto Parts (AAP)
American Medical Systems (AMMD)
Audible Inc. (ADBL)
Baker Hughes Inc. (BHI)
Biopure Corp. (BPUR)
Brocade Comminications Systems Inc. (BRCD)
BTU International (BTUI)
BucyRus International Inc. (BUCY)
Cabot Oil & Gas Corp. (COG)
Daimler Chrysler (DCX)
Global Industries (GLBL)
Intuit (INTU)
Loews Corp. (LTR)
Natural Gas Services Group Inc. (NGS)
Navigant Consulting (NCI)
Target Corp. (TGT)
XM Satellite Radio (XMSR)
Youbet.Com (UBET)
Budd Foxx
Wednesday, February 15, 2006
Stocks Trading Up In After Hours
NTAP, AMAT, CEPH, BBBY, VISG, KBAY, SNPS, QDEL, CYBE, and LIOX
Budd Foxx
Budd Foxx
MTW
Manitowoc Co, Inc. has broken out and made a new 52 week high today so put this stock on the trading radar.
HANS
Hansen Natural Corp. is acting very well today and could be a momentum play if the stock is closing strong. Closing above the 50 dma would be bullish. MACD is starting to turn up. Taking out $86.65 would be a very good sign.
NSC
Norfolk Southern Corp. this stock will breakout above $50 per share so keep it on the radar. The stock has a bull flag on a daily chart.
NSC CHART
NSC CHART
Stocks Trading Up In Pre-Market
MCO, BL, SNDA, GNTA, SIRI, NVAX, CALP, INFY, LOUD, INFA, PLAB, PGNX, ENDP, CEPH, WFII, NIHD, ITRI, STX, IM, and BOBJ
Budd Foxx
Budd Foxx
Upgrades and Downgrades
Stocks upgraded this morning include:
COF, WMS, MWV, UDR, AEM, DGIN, BOBJ, ABPI, FLS, and WCN
Stocks downgraded this morning include:
CSR, SSCC, TIN, SNE, ZIPR, and CD
Budd Foxx
COF, WMS, MWV, UDR, AEM, DGIN, BOBJ, ABPI, FLS, and WCN
Stocks downgraded this morning include:
CSR, SSCC, TIN, SNE, ZIPR, and CD
Budd Foxx
Morning News
- Futures are pointing to a slightly lower open this morning.
- Weekly oil inventories to be released this morning.
- Feb. Empire State manufactoring survey to be released today.
- Jan. industrial production numbers to be released today.
- Ben Bernanke to make his first speech today as Federal Reserve Chairman. He will be speaking with The House Financial Services Committee.
- Late yesterday the Senate voted against the Asbestos Bill.
- Nasdaq Stock Market planning to create a new market tier for companies with higher listing standards.
- Eli Lilly & Company will not pursue U.S. approval for it's drug Yentreve/AriClaim.
- Crude has dipped below 60 bucks to $59.76 per barrel.
- Wholesale Gasoline is $1.40 per gallon.
- Natural Gas down to $7.16 per unit.
- Gold is currently $550.10 per ounce.
Earnings
A few of the companies reporting today.
Aftermarket Technology (ATAC)
Aquantive Inc. (AQNT)
Biogen Idec. Inc. (BIIB)
Caribou Coffee Inc. (CBOU)
Denny's Corp. (DENN)
DPL Inc. (DPL)
DTE Energy Company (DTE)
Endo Pharmaceuticals (ENDP)
Forest Oil Corp. (FST)
Genzyme Corp. (GENZ)
Hewlett Packard (HPQ)
Millenium Cell Inc. (MCEL)
Mittal Steel (ZEUS)
Progress Energy (PGN)
Yankee Candle (YCC)
Budd Foxx
Aftermarket Technology (ATAC)
Aquantive Inc. (AQNT)
Biogen Idec. Inc. (BIIB)
Caribou Coffee Inc. (CBOU)
Denny's Corp. (DENN)
DPL Inc. (DPL)
DTE Energy Company (DTE)
Endo Pharmaceuticals (ENDP)
Forest Oil Corp. (FST)
Genzyme Corp. (GENZ)
Hewlett Packard (HPQ)
Millenium Cell Inc. (MCEL)
Mittal Steel (ZEUS)
Progress Energy (PGN)
Yankee Candle (YCC)
Budd Foxx