Tellabs has been flagged in the past for a possible 10% gain, price target 7.50. This price level is near the 200 day moving average looking at a daily chart. In late November 2010, the price motion of TLAB was…
DryShips Inc Correction
DryShips has been trading poorly since it traded to 6.44 on 12/13/10. Many following the stock are expecting more upside, however the recent correction is certainly bringing skepticism to a prolonged DRYS uptrend beginning. A look at the daily chart…
Smith & Wesson Next Trading Move
Early in the month, SWHC made a strong move to 4.20. A target was set for 4.32, but has so far fallen short. Certainly anyone trading SWHC has been frustrated with the sideways movement after such a nice move higher.…
Melco Crown Entertainment Trading In B Wave Range
Melco Crown Entertainment traded to a 50% retracement level today. This was projected in the prior post after MPEL traded to a possible wave A low of 5.55 on 12/14/10. MPEL could continue to trade higher to 6.56, a 62%…
Eastman Kodak Trades To Target
EK triggered the triangle wave B target price of 5.73. In the initial price projections for the B wave triangle (forming from 2.01 to 9.08), this price was to be an internal wave 3 of the 5 waves of wave…
Excel Maritime Trading Price Target
For this particular price target and the trading range of EXM today, a 150 day daily chart will be looked at. This is roughly the time frame from the 4.59 low on 7/7/10. From this low EXM made a high…
Melco Crown Up 10% From Support
On Tuesday MPEL was back on the watch list for a possible move off the 5.55 low. This was tested support and an wave A target of the current correction from 7.20. Today MPEL never looked back trading over 10%…
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…
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. 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…
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…
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,…
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…
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…
SDS Supported At Projected Low
Last week the SDS was trading into new 52 week lows. Two projections were made for possible support in the SDS. The 25.38 price level was tested on two occasions and then on Tuesday 9, 2010 SDS traded to 25.35.…
LEAP Trades Into Wave One Territory
Yesterday LEAP was on the watch list for a long term wave 4 triangle to be breaking out. The chart analysis gave the possible setup and entry points. So far today, its unclear where the E wave may have ended…