Happy Valentine’s Day everyone! I know you guys want to [Read more...]
How About Hershey’s (HSY) For Valentine’s Day?
Mc Donald’s Stocks Looking To Break Its All-time High!
Hello guys! My stock pick for the day is the world’s largest hamburger fast food chain, Mc Donald’s or MCD in the New York Stock Exchange. It has been more than a month since I last posted my technical analysis on Mc Donald’s [Read more...]
US Markets Rallied Ahead of Thanksgiving!
The US equities and bonds markets bounced back yesterday following the release of several encouraging economic reports. The rally in the markets occurred a day after a sell-off occurred due to the recent military conflict between North and South Korea. Traders initially found confidence when Germany’s business climate, as measured in the German Ifo business climate index, unexpectedly improved with the index rising to to 109.3 from 107.7. The index was initially seen to weaken to 107.6. Of course, this surprise came amid the current drama in Ireland which I will talk about in my next article so watch out for that! [Read more...]
A Good Run For The UNP Stocks!
Hello guys! It’s been a good run for the stocks of Union Pacific Corporation or UNP in the New York Stock Exchange since I mentioned that it had broken out from the ascending triangle formation last September 6 (could be a rectangle as well and kindly check this to see that post). I also posted the analysis of this stock pick of mine here in LaidTrades.com when it was still forming the bullish area pattern and could breakout soon (kindly check this). Anyway, the stocks’ ascent was most likely propelled by the 2010 3rd quarter net income of [Read more...]
Stocks Dropped By 99%!!!
Hello guys! Ambac Financial Group Inc. or ABK in the New York Stock Exchange filed for chapter 11 bankruptcy after failing to raise additional capital for the company. By the way, they are primarily a holding company whose subsidiaries are involved in financial guaranteeing. They made it through the 2007-2009 financial crisis but [Read more...]
Mc Donald’s Earnings Lifted Its Stocks To An All Time High!
Hello ladies and gents! Here’s my update on the world’s largest hamburger fast food chain. Yesterday, Mc Donald’s Corporation reported a jump in their net income for the 3rd quarter of 2010. Earnings were $1.29 a share, up by 12% year to year. Solid margins and a 4% increase in overall sales maximized the profits (probably because of the happy meals lol =). On the other hand, the US market over all was terrific. The US unemployment claims dropped by 23k to 452k. This data signals a recovering economy. Positive earnings result from Amazon, Caterpillar and American Express played a major role in brining the market higher and propelled most stocks to climb. Also, the Dow Jones Industrial Average was at an all-time high since May of this year.
In my technical analysis, the Mc Donald’s stocks tapped the 7-year ascending channel’s resistance yesterday. The all-time high that I mentioned in my previous Mc Donald’s post during the start of this month (kindly check this) has been breached and a new one at $79.48 was set. If the stocks successfully break above that level, the next resistance that it could aim for is $85 or even the $90 psychological resistance. Personally, the 7-year ascending channel looks pretty tough and won’t easily break unless the market’s very bullish or there is a good chart setup. If the stocks bounce off the resistance and drop, the significant support could be the 14-month uptrend. If that trend doesn’t hold the stocks from further declining, the next marker could be the 7-year ascending channel’s support. Above all, I’m still bullish on Mc Donald’s as long as the uptrend remains intact.
Shares of HP to Go North Bound?
Good day stock market lads! Here’s a technical update on the shares of Hewlett-Packard Company (HP). HP’s shares or HPQ as they are traded in the New York Stock Exchange appear to be bound for a move north after declining to a low of just below $38.00 during the last week of August. After finding some support at the $38.00 level, it then rallied and moved on to form whats appears to be a cup and handle pattern. As some of you might know, such formation usually indicates a likely bullish reversal. Therefore, if and when HPQ is able to make a move past the neckline around $43.00, HP’s shares would more likely hit $48.00 or even $49.00. A failure to break the neckline, on the other hand, could send the company’s stocks back to its low at $48.00.
Hewlett-Packard Company, by the way, is a US-based multinational IT corporation. The company specializes in both hardware and software computer development and manufacturing. Its line of products include personal computers and notebooks. In August 6, its CEO, Mark Hurd, resigned from his office amid claim of sexual harassment by actress Jodie Fisher. While he was not found guilty of the said claim, several expense-irregularities were found during the company’s investigation. His resignation then led to a broad-based selling of the stock (represented by the long red candle on August 6).
Coca-Cola Nets!
Hello people! The Coca-Cola Company, one of the largest producers of carbonated soft drinks which is sold to more than 200 countries around the globe, posted a 2010 3rd quarter net income of 2.1 billion dollars which is up by 1.9% compared to the same period a year ago. Their world most famous soft-drink, Coca-Cola and other beverages boost their sales and brought home the favorable numbers. Its positive income report propelled the stocks (KO in the New York Stock Exchange) to move higher yesterday by 0.6% to $60.34.
In my technical analysis, the $59.45 resistance has been cleared out last week as the stocks ascend. By the way, if you want to check my last post on this, kindly click this link. Anyway, the next resistance the KO stocks could encounter is $61.90 then after that is $65.59. In any case the stocks fail to rise, the immediate support could be the 3-month uptrend. If that uptrend gets broken, the next support could be $57.22. If that support still fails to hold the price from further falling, a strong support could be the 18-month uptrend.
Google Soared By 11.19%! More To Go!
Happy weekend stock market enthusiasts! The US market or at least the NASDAQ ended this week with a bang after a magnificent performance by Google. In case you missed it, the shares of Google (GOOG) soared by 11.19% following a jump in the company’s net income. Net profit expanded by 32% to $2.17 billion, which translates to $6.72 per share, from $1.64 billion during the previous year. Given this figure, the web search giant is proved to be benefiting very well from its advertising channels which now includes display and mobile. Internet advertising, by the way, has risen by $6.15 billion or 11.8% in the US alone from a year earlier.
Technically, GOOG made a bullish gap soon after the company’s third quarter income result hit the news. In the process, the stock broke above its previous high near $600.00, converting this level to support. But given its present overbought condition, it may move sideways for awhile before resuming its journey towards its next target around $630.00. If it ranges, the support at $600.00 should keep it from falling. A break below, however, could send it back to the bottom of the gap. Nonetheless, the momentum in a breakaway gap is usually strong that the stock will most likely continue its move north.
Dow Jones Industrial Average Updates
Hello guys, seems like many of you who trades in the US stock market are enjoying a long weekend because its the Columbus day today (Monday) and US banks are closed in observance for this so expect a slow moving trading session. Anyway, as a follow up on my technical analysis on the Dow Jones Industrial Average (^DJI) last September 22 (kindly see this link), I present to you my updates. As we can see, the index has broken out from the 3-year resistance line 2 weeks ago and last week, the 11,000.00 psychological level has also been cleared as well. Right now, the ^DJI could continue to head north but would experience some selling pressure at at 11,309.00 which is the 2-year high. If the index is able to moves pass above its 2-year high, the next resistance could be 11,933.50. On the other hand, in case the index experiences a short term correction as investors take profits, the significant support could be the 18-month uptrend. If the trend line gets broken furthermore, the next support could be the 10,000.00 psychological level. Still, as long as the uptrend remains intact, the bulls are most likely in place.
The days ahead could be shaky for the US stock market as well as for some Currency Pairs because of the following: 3rd quarter earnings report of publicly listed companies are on its way; Fed Chairman Ben Bernanke will be speaking on Wednesday to participate in a panel discussion about business innovation; Many key data are going to be released by the US on Thursday such as the Producer Price Index, International Trade Balance and Unemployment Claims at 13:30 (GMT); On Friday, the Consumer Price Index, Retail Sales, Core Retail Sales and the Preliminary UoM Consumer Sentiment will be out as well at 13:30 (GMT) so expect an increase in market volatility during these periods. Also, these data are important to follow because it determines how the US economy is doing at present.
Stocks Of American Express Bound To Drop?
Hello friends! The American Express Company also called as AMEX by credit card holders or AXP as listed in the New York Stock Exchange is most known for its charge and credit card products. AMEX is the main competitor of Visa and MasterCard credit cards. Anyway, its stock price is currently at $38.28 as it dropped 2% yesterday going against the 193.00 point gain of the Dow Jones Industrial Average. This could be caused by analysts’ expectation of a poor 3rd quarter earnings report coming out this October 21. In my technical analysis, the decline could further continue if the stocks breakdown from the neckline of what could be a head and shoulders setup. If it does, the price could head all the way lower until it finds some support around $34.26. If it further drops below that marker, the next support could be $31.69. If the breakdown doesn’t take place and the stocks decide to move higher, the significant resistance it could encounter is $43.93. If the stocks passes through above that level, the next resistance could be $45.68.
The US ADP Non-Farm Employment Change data, from 10k previously unexpectedly dropped to -39k when it was released a few moments earlier. This could have a negative impact on the investors/traders’ sentiments towards the US market as well as for American Express in the short term.
Mc Donald’s Stocks Going Strong!
Hello traders! Let me present to you my Monday stock pick, Mc Donald’s. They are the largest chain of hamburger fast food restaurants in the world and I’ll be sharing to you my technical analysis on it. The stocks of McDonald’s Corporation or MCD as listed in the Dow Jones has been on an uptrend since 2003 when it was still at $12 per share. At $75 now, it had multiplied by more than 5 times already in 7 years. Imagine being able to hold on to those stocks that long, that’s not bad at all despite going through the 2008 financial crisis! As we zoom in, we could see a steeper trend which is the 14-month upward trading channel. The stocks could most likely continue to move in this direction until the channel gets broken. In case the stock breakdown from the 14-month channel, the next support could be the $70.00 psychological level then after than is $65.31. If the stocks further ascend or maintain to move within the channel, it needs to first clear out it’s 76.26 all-time high as there could be heavy selling pressure in that level. If that gets cleared out, the next resistance could be the $80.00 psychological level. Well, in any case, as long as the uptrend on Ronald’s hamburger chain remains intact the stocks will most likely be bullish.
Updates on Google Stocks
The search engine giant, Google Inc. or google.com as known to many, remains to be the most visited website at current and is followed by facebook.com. Anyway, I’m here to give my technical analysis update on the Google stocks after it had been more than 2 months since I did. Back then, the stocks were still at $459.61 and moving within a 4-month downtrend (kindly see it here). Things changed now, a week ago, the Google stocks broke out from the $509.25 neckline of the 4-month double bottom formation (could be a reverse head and shoulders for some or even a triangle) and went higher. It could now continue to head north and tap the 7-month resistance or even move pass above it. If the stocks breach that level and clears out that hurdle, the next resistance it could encounter is the 3-year resistance. On the downside, the neckline at $509.25 could be the immediate support. If the Google stocks further fall below that level, the next support could be the 21-month uptrend.
On the fundamental side, today could be a very shaky trading session for the US and Eurozone markets as well as for major currency pairs because the current data on the US unemployment claims will be out today at 0830 eastern time. Not only that, at 1000 eastern time, the US fed chairman Ben Bernanke will talk about the current state of the US economy and could give hint to its future monetary policy. These reports have huge influence in the traders/investors’ sentiments towards the market as it could determine where US economic recovery stands.
Technical Outlook On Microsoft Stocks
Welcome to another day of trading stock peeps! What I have here is the chart of Microsoft Corporation or MSFT as listed in the New York Stock Exchange. I’m sure that you all know what the company is about and that its founder, Bill Gates, is currently the richest man on earth. The last time I had a post on this was when it broke down from its inverted flag formation and declined by 10% as it hit $22.73 (kindly see that post in this link). Now, I want to share to you my technical analysis update on this company. As you can see, there could be a symmetrical triangle setting up in the stock chart and could be bearish as the stocks are coming from a 5-month downtrend. This could be confirmed when the breakdown occurs. If it does, the stocks could fall to the support at $23.20. If it further slips below that price mark, the next support could be $22.73 then after that is $22.00. On the upside, if the triangle pattern turns out to be bullish and the stocks breakout from the triangle’s resistance, there could be some selling pressure at the $26.41 resistance. If that gets breached once more, the next resistance level could be $27.32.
UNP Stocks On The Way Up!
Hello stock peeps! That’s right, UNP stocks could further climb if it continues its up-move after inching a little higher when it broke out from the triangle formation. When I mentioned this last September 6 (kindly check the post in this link), the stocks had just breached the triangle’s resistance around $78.00 and last week, it closed at $82.10. If the the stocks of this rail road company continues to go up it first needs to test its $85.80 all-time high. Upon moving passed above that price mark, the next resistance it could encounter is at the $90.00 psychological area. On the downside, if UNP runs out of gas, the immediate support could be $80.00 then after that is the triangle’s resistance. If these support levels still don’t hold to the price, the 17-month uptrend could be a strong one.
Remember My Post on the Caterpillar Stocks?
Hello guys! Here’s my stock pick of the day, Caterpillar Inc. or CAT as listed in the New York Stock Exchange. For those who do not know, they are the world’s biggest manufacturer of construction and mining equipment such as most of the bulldozers you see around. Anyway, last September 8, I posted on this and mentioned that the Caterpillar stocks were preparing to climb as there is a bullish symmetrical triangle pattern forming on the stock chart as for my technical analysis (please see it here). What looked to be a symmetrical triangle formation really was one and was indeed bullish as the stocks broke out on the upside last week.
Right now, the stocks are hanging around the $75.87 resistance and if it continues to go up, it could encounter some selling pressure at the next resistance at the $80.00 psychological level. If it successfully passes above the $80.00 price mark, the next resistance could be $85.96. On the flip side, the triangle’s resistance could act as the immediate support. If the stocks further drop below that level, the next marker could be the triangle’s support and after that could be the 18-month uptrend.
Dow Jones Industrial Average at Current
Hello trader friends! Today in my post is the Dow Jones Industrial Average (^DJI). As we can see, the index ended in the red a while ago as investors are wary about the Federal Reserve’s statement yesterday when they said it would keep monetary policy essentially unchanged but suggested some possible concerns about deflation. Anyway, up or down it has already been a good run for the Dow since it had gained more than 7% for this month of September. In fact, we actually thought there was going to be a double dip recession in the US market soon (kindly see this post), however the bulls proved us wrong and the 10,000.00 psychological level remained strong. This current up-move were lifted by recent US economic data and reports on the Eurozone. The US market’s rise could still continue if more positive data get on the way especially if the US unemployment rate and existing home sales coming out tomorrow turn out to be favorable. This in turn could heavily influence investors and traders’ confidence towards the market.
In my technical analysis, for this index to head further up alongside with the positive reports, it needs to first pass above the 3-year resistance line seen in the chart. If it successfully breaches that marker, the next resistance could the 11,000.00 psychological level then after that is 11,309.00. However, if this index drops, the current support that could hold on to it is the 18-month uptrend. If it slides further below that area, the next support could be the 10,000.00 psychological level then after that is 9,600.00.
Technical Analysis Update on DTE Energy Company
Hi guys! Here’s an update of my technical analysis on DTE Energy Company that I posted last August 9 (kindly click here if you wish to see it). Back then, I mentioned that there is a triangle formation setting up and could be bound for a breakout. However, it hasn’t yet broken out or made a major move but instead maintained consolidating inside the triangle pattern. By the way, I’ve adjusted some support lines that’s why there are slight changes in the chart as you have noticed. Anyway, if the stocks break above the triangle’s resistance, it could head all the way up but could encounter some selling pressure at the $51.15 price mark. If $51.15 gets cleared out, the next resistance could be $54.74. The possibility of the price breaking down from the triangle’s support is slimmer compared to the price breaking above the triangle’s resistance but in case it does, the 17-month uptrend could be a strong support. If it breaks down from the uptrend, $46.67 could be the next support then $45.17.
Oracle Stocks Soared, Thanks to Mark Hurd
Good day stock traders! For those who are not aware, the shares of Oracle Corporation soared by about 9.3% last week. As you can see from its daily chart, the bullish gods must be behind the company when its stocks gapped up after dangerously falling below both the 50-day and 200-day moving averages. In the process, the shares of Oracle went back above the mentioned averages and the resistance just above 24.50. Now, it could use these two averages including the 24.50 marker as supports in case Oracle weakens due to profit taking. Anyhow, Oracle could still rise until it encounters some resistance at its former peaks at 25.50 and at 26.50. A move above these levels could send it on track to another bullish run.
Last week’s jump was due when Mark Hurd, the former president of Hewlett Packard (HP) was hired by Oracle corporation as a co-president, director and board member. Mark Hurd was one of the better CEO’s that brought HP back to its former fame. In fact, he was named as a “TopGun CEO” by Brendan Wood International in 2009. He, however, resigned when he found himself in the middle of a sexual harassment case. Nonetheless, his hiring as the new president of Oracle sent the company’s stocks soaring.
Caterpillar Stocks Preparing to Climb!
Caterpillar Inc. or CAT in the New York Stock Exchange is the world’s biggest manufacturer of construction and mining equipment like natural gas engines and industrial gas turbines. They supply engines for tanks and submarines. Most of the bulldozers and the biggest bulldozers you see around are owned by Caterpillar. They also sell financial products and insurance. Anyway, there is a symmetrical triangle formation setting up on the Caterpillar stock chart and like I always mention, if the stocks are coming from an uptrend the triangle will most likely be bullish. This is a good setup for the stock value to climb higher. If the Caterpillar stocks break out and move past above the triangle’s resistance, the $75.87 marker could be the next resistance. If the stocks further move up, there could be some selling pressure however at the $80.00 psychological resistance. Then after that, the next resistance could be $85.96. On the downside, the immediate support could be the triangle’s support. If the stocks drop further below that, the next support could be the 18-month uptrend. Then after that is $63.34.
