Nope it's not looking good for the IBM bulls out there. The stock has broken its long-term trend-line and I'm expecting that it has much more downside left in it. [more]
Green Mountain Coffee Roasters (GMCR) has experienced a nice series of higher highs and higher lows for the past four months, but now there is some short-term support near the highs that has been threatened in conjunction with the overall market sell-off over the past two weeks. [more]
I actually had a really fancy-shmancy market video planned for you all, but after having recorded it, and being so proud of it, I saw that my microphone had been on mute the entire time.
Now usually I check for that kind of stuff before recording a 20-minute commentary, but apparently I have a bad case of the "Moon-days". [more]
I really don't like anything about the Caterpillar (CAT) chart whatsoever. [more]
Great gap up in this market today, but it has done absolutely nothing to build upon the day's gains and as it stands right now, we may start seeing some selling trickle in as bulls seem to be a bit nervous about the prospect of finishing the day above 1700. [more]
I've traded Amazon (AMZN) quite a few times this year with a respectable amount of success.
Nothing to get rich off of, but I have captured some gains by trading it to the long side. [more]
Zynga (ZNGA) while it has been moving nicely over the last week, trading higher for five straight days, I really nonetheless, don't see any smart trade worth making here.
With that said, at the $3.25 level this stock has a solid chance at stopping dead in its tracks as it would be filling the gap from 7/26 as well as running into som heavy, heavy resistance. [more]
Keven Spacey's speech on the new forms of digital entertainment - particularly the approach that Netflix and Amazon has taken with new shows like House of Cards is quite intriguing and he makes quite the bullish case for Netflix (NFLX) long-term. [more]
The Cisco (CSCO) chart is hard to get a good read. There is a lot of existing possibilties but the best way I could find to play it is to watch the two major price levels offering support/resistance and wait for them to break - at that point - you play the gap fills depending on which price level is broken. [more]
From the previous post I did on Apple's technical analysis, I mentioned that the stock needed to come back down and wouldn't be breaking through $510 anytime soon. That turned out to be true. [more]