Last week WATG was targeted with an interesting trade setup off a pattern in volume seen in the daily chart. Today WATG traded solidly into the market selloff, trading up over 2.5% at the open testing a parent wave 1…
Potential Trade In WATG Again?
WATG has been within many trading concept scenario and many trading signals in the past. Most recently not successful in its trade setups in late 2010. The last few trading days in WATG has set up a similar short term…
JA Solar Trading At Targets
When a trading duration period analysis was visited for JASO the end of January 2011, it was speculated that JASO may break lower to test its 200 day average. Just after that analysis, JA Solar traded to its 200 sma…
BRCD Trend Scenario Into Earnings
Prior analysis of Brocade led to a small upward move towards its near term target 6.31 shown in this chart. The stock has underperformed its expectations so far. Even as it broke higher out of the prior correction, it only…
JDSU Price Motion Analysis
JDSU has really heated up and was an over performer in the telcom seasonal trade issued in mid November 2010. This analysis of the JDSU weekly chart from 2002 explains a possible Elliott Wave count for JDSU, and clarifies the…
Telcom Seasonal Trend Performance
Briefly revisiting the telcom seasonal trade statistics and the seasonal upswing in most of these stocks from mid November 2010 to December 31 2010, shows hits and misses. Performance was overall positive during this time frame. For some like JDSU…
Brocade Following Trend
Brocade is up 3% so far today. In early January 2011 a Brocade chart was marked up with price projections and analysis for an Elliott Wave count beginning off the 4.64 low on 8/24/10, but specifically continuing off the 4.86…
MPEL Possible Near Term Upside Targets
Yesterday a MPEL correction was analyzed. Today, further upside targets will be entertained in the event that more upside is in play before a correction begins. As previously stated if price motion is not contained by the recent 7.88 high,…
MPEL Melco Crown Entertainment Monthly Price Target
Melco Crown Entertainment has been a great trading stock since the lows in 2009. In early November 2010 MPEL reached a long term trading target of 7.20 and was in a projected correction until it broke this 7.20 level with…
JA Solar Trading Duration Period
JASO has made a nice correction from its highs and been a very volatile stock the past month off recent lows. Technically trading along its long term trend line, shown in the chart below, JASO has made calculated moves higher…
DryShips Trading At Price Target
Today DRYS traded to the projected triangle wave A correction price of 4.88. This price was calculated using the 3.92 low and 6.44 high shown in the previous chart as wave 2 in red and internal wave 3 in green.…
Excel Maritime Triangle Breakdown
EXM was trading nicely within a possible wave 4 triangle pattern since the 6.63 top formed on 11/11/10. With the trend since the 7/7/10 low of 4.59 being higher, some may have expected this triangle to break higher and not…
Analyzing An Elliott Wave In JASO
Last week JASO was a part of a new buy signal. Today, JASO has traded 5.5% higher and is illustrating the price motion that traders using Elliott Wave analysis should be aware of and try to locate in the equities…
Tellabs Internal Wave Structure
Tellabs Inc has been analyzed on both short and long term time frames. Initially in late November 2010, a triangle trade was projected on a weekly chart and more recently a flat correction was seen on a 30 minute chart…
Brocade Communications Systems Inc. Latest Trend
In December of 2009 a trading signal was issued on BRCD which was to take advantage of the short uptrend of the B wave of an ABC correction. The initial profit level was met for a gain of 7%, however…
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…
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…
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…
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…
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…
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…
WATG Trading After Earnings
First it was up, then it was down. Just yesterday we made price projections for WATG that expected more bullish trading. Today WATG traded down over 12% after trading up 6% in premarket to 12.00. What happened? Earnings came in…
Trading UGL and GLL Gold ETFs
GLL is the ProShares Ultra Short Gold ETF, and it doubled its volume today. UGL, the ProShares Ultra Gold ETF made a 52 week high. One chart has gone straight up and the other straight down. Simple enough, but a…
Analyzing Price Motion In WATG
WATG hit a long term profit level set in May 2010 yesterday, trading to 11.37. WATG Q3 earnings are expected to be 0.320 | 0.231 | 0.170. There is one stock split for WATG and it took place on June 24, 2006. The low…
Smith & Wesson SWHC Wave Analysis
In a world where guns seem to be worth something again, the fundamentalist may persist along side a longterm shareholder of Smith & Wesson. Both now arguing that we never really left that world, and that rational prices in SWHC…