Buy signal trading JASO- December 15, 2010* Trading signal for weekly price bars Buy price: $7.00 Sell stop price: $6.64 LEVEL HIT – December 20, 2010 Short term profit level: $7.88 LEVEL HIT – January 11, 2011 Long term profit…
Melco Crown Entertainment Trading Off Wave A Low
MPEL has been in a correction since November 2, 2010, when it traded to 7.20 in pre-market. This was a price target projection based off the 3.26 low on 12/31/09. A chart of MPEL at that moment showed large volume…
JA Solar Holdings Bounces Off Target
Mid November 2010, JASO was correcting off a nice run to 10.24 on 10/15/10. The previous post explains the trading scenario for the correction that may have been in place. Yesterday, JASO traded to the target 6.84 price, which was…
Eastman Kodak Trades To Retracement Level
Eastman Kodak Co. traded lower today, even after a Barron’s article talked of buy-out rumors possibly being in play for the company. Apparently speculative good news is not as welcomed for EK as no news at all, being that last…
SDS ProShares Prior Support Weakened Quickly
Just last week SDS looked to be ready for a corrective move higher, within its wave 4, in the current downtrend. Little if any support was found in shares of SDS at the projected low of 24.78- actual 24.74. The…
Trade Signal WATG_12_13_10
Buy signal trading WATG- December 13, 2010* Trading signal for daily price bars Buy price: $8.45 Sell stop price: $7.99 LEVEL HIT – December 14, 2010 Short term profit level: $8.83 Long term profit level: $9.24 Trading Signal Buy Chart…
Wonder Auto Technology Trading At Support
It is difficult to say if this technical analysis will hold up to any news out of China this weekend, as well as if the recent bearish momentum in Chinese stocks has subsided. But, if a near term correction is…
Telcom Seasonal Trade Update
Since the price low on November 22, 2010, when the seasonal move was initially called, regardless of instances of lower prices to follow, to the high price so far in todays trading. All but one stock has made profitable moves…
Trading Smith & Wesson
SWHC is on the watch list for price targets 4.32 and 4.83, and still is on target for these prices after todays sell off. Time frame has shown its hand however. The 4.20 price high on 12/6/10, just after the…
SDS ProShares Trade Double Bottom
Today the ProShares ETF SDS traded to the prior days low of 24.74 and bounced. In the previous post, it was anticipated that if the wave 3 move was complete after reaching the projected 24.78, that SDS could bounce to…
Eastman Kodak Trading Upside Surprise?
Having followed Eastman Kodak off and on with little news flow, it was interesting to hear the company being mentioned a lot today. The stock is up almost 12% today and no one knows why. People that are asking or…
ProShares SDS At Projected Trading Low
The SDS has hit a projected price low of 24.78. Today SDS has so far traded to a low of 24.74 showing some support. Earlier in the projections the 25.35 low was a called low, this low held for 7…
DryShips Inc. Trading Higher Again
In mid November DRYS was in the midst of a consolidating wave 4 pattern that was on the verge of breaking out to larger time frames price targets. Since the prior analysis, DRYS has traded 14% higher. At the open…
Smith & Wesson Holding Corporation Trading Higher
SWHC has been on the trading radar with previous analysis in early November. Smith & Wesson could follow through on big upside targets set for long term holders if the current move doesn’t get cut short. Today, SWHC broke through…
Leap Wireless International, Inc. (LEAP) Trading With Probability
From July 2005 to the present day, LEAP has traded in 5 “holiday seasons.” This will be the time frame from November to the end of the year. After initially mentioning the seasonal move that similar stocks make during this…
Leap Wireless International, Inc. Trades Lower
Leap Wireless International, Inc. (LEAP) broke through the sell stop that was placed at 11.32. The active trading signal was based on a triangle formation that had completed its E wave. The break of this level so far shows that…
TLAB-Tellabs Inc. Triangle Trade
Tellabs Inc. was on the watch list recently as a possible part of the seasonal move for telcom and communication service providers into year end. Today a buy signal was initiated on the analysis that a wave 4 triangle correction…
Trade Signal TLAB_112410
Buy signal trading TLAB- November 24, 2010* Trading signal for weekly price bars Buy price: $6.50 Sell stop price: $5.99 LEVEL HIT – January 25, 2010 Short term profit level: $7.49 Long term profit level: $8.75 Trading Signal Buy Chart…
Stocks Trading At Projected Lows
Many price targets were met today previously mentioned and are worth noting for potential trading opportunities and continued confirmation or contradiction of Elliott Wave formations. Trading in DRYS hit a daily low of 5.11. DRYS projected low was 5.13. This…
Trading Telecommunication Stocks Seasonal Move
Marked on the calendar in late November is, “take a look at telecommunication stocks”. Visiting any group of stocks during a “seasonal” swing is worth investigating. Lately LEAP has been on the watch list, add to that any of its…
JA Solar Trading Volatility Continues – JASO
Wed November 17, 2010 JASO traded to a low of 7.12. Since this low JASO has rebounded 7.5%. JASO traded to 7.18 testing this low at the close of the following day. A little more backtracking on the prior update,…
Dryships Trades Higher After Earnings
DRYS traded up about 11.5% today to a high of 5.79. Earnings were released last night after the bell. Reports Q3 (Sep) earnings of $0.38 per share, excluding non-recurring items, $0.13 better than the consensus of $0.25. DRYS has always…
JASO Trading Lower
Updates to the JA Solar projections. JASO traded past the 7.52 price target mentioned in the previous trading strategy to a low of 7.12 so far today. This is an 8% move off the previous close on volume. Looks like…
Leap Wireless Trades Towards Stop
LEAP was trading down close to 3% off its open today, with the rest of the market following, when it made a small positive push higher off a low of 11.41. The most current trade signal for LEAP was speculating…
SDS Ultra Short Trading Update
SDS has so far targeted the .618% retracement from previous short term high of 28.52. The price action in this double short ETF has been satisfying for the bears. The markets have been extended for quite some time. This pullback…