Blogs

Marriott Topping out (MAR)

Submitted by Maher on Tue, 07/24/2012 - 22:09

It looks like the stock has formed a top after todays decisive break of $36.50 support level. Any bounce to that level will offer a great short entry.

MAR Weekly Chart

MAR Weekly Chart

Stanley Black & Decker (SWK) Long Entry

Submitted by Maher on Sun, 07/22/2012 - 12:48

SWK did a nice job bouncing off of the $58 support area this last week and some heavy volume indicating the stock may have bottomed. I will be watching for a pullback on low volume as close to lower $60s as possible to initiate a long position. Profit target is in the low $70 and stop is below blue like support.

Watch the daily chart for a retracement to $62.50 and $61.60, these levels must hold to support higher prices on SWK.

SWK Weekly Chart

SWK Weekly Chart

Google Coiled and Ready to Move (GOOG)

Submitted by Maher on Mon, 05/14/2012 - 20:12

Google is getting squeezed between 50 and 200 EMA and is setting up for volatility expansion very soon. I would keep an eye on the $618 level that has been resistance for a while and buy any breakout above that level. The stock is working on putting a third higher low and should support a solid breakout from here.

Google Daily Chart

Big Market Move Coming - Watch IYT ETF and FedEx

Submitted by Maher on Sun, 05/13/2012 - 21:46

Very interesting couple of charts. The Transportation ETF IYT and one of its components FedEx FDX are setting up for a very nice trade.  FedEx daily chart is forming a descending triangle that is more bearish than bullish.

The transportation ETF IYT is forming a symmetrical triangle. So, wait for the breakout on either direction before taking the trade.

 

IYT Daily Chart

IYT daily Chart

 

FedEx Daily Chart

FedEx Daily Chart

Russell 2000 Not Looking Too Hot (IWM)

Submitted by Maher on Fri, 05/04/2012 - 22:09

IWM appears to have just completed the right shoulder of a head and shoulder topping pattern. Support is around $78, this breaks down and the market is in lots of trouble.

IWM Daily Chart

IWM Daily Chart

No Painless Way Out

Submitted by Maher on Wed, 04/04/2012 - 23:21

Simple clip to help you understand where we are heading. No painless way out.

RIMM oh RIMM

Submitted by Maher on Thu, 11/17/2011 - 00:13

After a long long downtrend, RIMM closed (barley) above its resistance line. I need to see RIMM holding above $19 and reclaiming $20 very soon before declaring this long downtrend over!

RIMM Daily Chart

RIMM Daily Chart

Shorted Coach Inc (COH)

Submitted by Maher on Sat, 10/08/2011 - 21:09

Coach broke the rising wedge pattern last week and was testing the back of the wedge trend line on Friday. I entered the stock short @ $57.22 on Friday and holding the stock over the weekend.  This is a great low risk entry that could turn out to be a great winner.  We will just have to wait and see!

COH Daily Chart

Coach Daily Chart

 

Accretive Health Inc (AH) - Stock I'm Watching!

Submitted by Maher on Tue, 08/30/2011 - 20:39

Short and Sweet, on my long watch list for a possible test of previous high. Looks ready to break above resistance trend line.

AH Daily Chart

AH Daily Chart

Telefonos De Mexico, A long Play? (TMX)

Submitted by Maher on Mon, 08/29/2011 - 21:25

TMX sold off from a high of $19.28 on May 20th of this year and bottomed out a month later at $15.58. The stock bounced to the 20 EMA and then headed lower again testing the $15.60 support and gapping up strongly on August 1st completing a double bottom reversal pattern. Since then, the stock retraced 50% of the last wave up and looks ready to head higher.

TMX closed right on the resistance line in today's session. Buy the breakout and hold into the test of the last wave high around $18. You can then tighten up stops in anticipation of a test of May's high around $19.25.

TMX Dail Chart

TMX Daily Chart

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