This morning, the leading semiconductor equipment makers are selling off at the start of the trading session. Some of the leading semiconductor equipment makers that are coming under early pressure include KLA-Tencor Corp (KLAC), Applied Materials Inc (AMAT), and Lam Research Corp (LRCX). These stocks are certainly being affected by the Intel Corp (INTC) earnings report which obviously stated a lack of new research and development spending. Short term day traders can watch for intra-day chart support for KLAC stock around the $62.50 level. This is an area where the stock could stage a decent intra-day bounce. Today, KLAC stock is trading lower by $1.32 to $62.84 a share. [more]
Trading has often been compared to a Casino and for good reason. Most investors throw their money in the market without any real thought or plan. Might as well go to Vegas, at least you'll get free drinks. The best Traders in the world are only concerned about Risk/Reward and putting the odds in their favor. They are also not worried about being right on every trade as newer Traders are. Here's an example of two different Traders and their last 10 Trades. Which one would you rather be? [more]
The deep freeze has taken over small cap land. It has been a long time since small caps were out of vogue but the time has come. As the great rotation of capital shifts from high risk stocks to low risk, high dividend payers, many think the end has come for any investments in small caps. I am here to say that is not true. Over the past year, you could have closed your eyes and thrown a dart at a small cap and made a lot of money. Those times have changed, however there is still money to be made.
You must now start analyzing the charts and buy at the key levels. For example, on no news, Rosetta Genomics Ltd. (NASDAQ:ROSG) has fallen from over $6.50 to $3.45. This monster drop is now crossing the 200 moving average and heading to gap fill at $3.20. This $3.20 level will be where the stock price has been cut in half as well as major support. At this discount, the stock becomes extremely attractive to tuck away a small position.
Another biotech stock approaching a key level is OXiGENE Inc (NASDAQ:OXGN). Good news drove it to $5.40, however the risk adverse market has taken it down to $2.59. There is a key gap fill at $2.43 that offers a very intriguing risk to reward opportunity.
Always remember small cap stocks are very high risk. Most likely the way to trade these plays is to be in, get a solid bounce and take profits. Take the seven day free trial to the Research Center and profit with the pros. Get swing trade alerts, proprietary market signals, a master level calculator and daily videos. Join today and profit for life.
Most of the leading Japanese ADR's (American Depository Receipts) have been coming under some severe selling pressure since the start of the 2014. What is the cause of the decline in the leading Japanese stocks since the Bank of Japan is printing more money than the Federal Reserve (central bank of the United States)? The reason the leading Japanese stocks are falling is because the Japanese Yen has strengthened despite all of the efforts by the Bank of Japan to try and dilute the currency. Traders and investors can easily look at a chart of the USD/JPY (U.S. Dollar vs Japanese Yen) and see how the currency pair has been making lower highs on the chart. This tells us that the Japanese Yen is strengthening and that is a huge negative for the leading Japanese stocks. You see, exports increase when a currency is kept artificially low. Unfortunately for Japan, the easy money policies worked very well in 2013, but they are not working in 2014 so far.
Some leading Japanese stocks that are highly affected by the stronger Japanese yen includes Toyota Motor Corporation (TM), Honda Motor Co., Ltd. (HMC), Sony Corporation (SNE), and Canon Inc. (CAJ). Believe it or not, it is not just the Japanese stocks that decline when the Japanese Yen strengthens, the U.S. stocks market indexes will also fall on the back of a stronger Japanese currency. This happens because the countless financial institutions are betting on a weak Japanese Yen, so when the Japanese Yen strengthens it actually removes liquidity from the financial system. Just look at the stock market when the USD/JPY chart declines, the major stock market indexes follow that currency pair very closely, sometimes tick for tick. [more]
This morning, the important industrial metal copper is coming under some heavy distribution. Copper futures (HG-K14) are declining lower by 2.02 percent. Traders that follow the iPath DJ-UBS Copper TR Sub-Idx ETN (JJC) are seeing a decline of 1.62 percent. So regardless of which copper vehicle you follow it is a very bearish sign for copper. At this time, the copper futures weekly chart indicates a decline down to the $2.77 level, today copper futures are trading around $2.98. The highly followed and traded JJC is indicating a decline down to the $32.50 level before reaching any meaningful support. [more]