Tag Archives: Nasdaq

Baidu (BIDU) video analysis and trading plan, December 11th 2012 (English Language)

Hello traders,

I recorded a video-review for Baidu (BIDU), a well-known and highly participated stock traded on the NASDAQ.

Hereunder is my video analysis for BIDU and below you can find the trading plan:

This stock is controlled by the bears on the longer timeframes and by breaking the 90 level such control has been confirmed. This does not mean that price cannot go higher but it will be pushed higher mostly by profit taking already started in the 86 area.

This stock hit a long-term (weekly) target at the 85.90 area and it is now due for a retracement higher into the 110 level. Conditions for Program Trading to start buying is that price moves above 98.80. Above that level longs will be ‘safe’ with a stop below recent lows (below 85.80).

For BIDU I was able to identify two bullish scenarios going forward:

Scenario 1: the stock trades the first traditional measured move finding support in the 92.70 area and then continues to move in traditional measured moves. So it hits the first target in the 102 area and then retraces again into the next support area at 97.70 and then continues higher into the 110 level.

Scenario 2: the stock trades the first traditional long at 92.70 (as above) and then keeps moving higher finding support in the 103.60 area and then continues higher into the 110 level.

Find hereunder the trading plan for BIDU:

trading_plan_BIDU_20121211

Trading plan for HPQ, December 11th 2012 (click to enlarge)

For your information I write a free Newsletter I send over on Sundays and a mid-week update (see example here) along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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Citigroup (C) video analysis, December 10th 2012 (English Language)

Hello traders,

I have recorded a review for Citigroup (C), a widely followed and highly participated stock traded on the NYSE. Hereunder is my video review:

The stock has long-term resistance at 37.80 and this area has been tested three times in 2012. The most recent test came last Friday. On the larger weekly timeframe the stock is trading sideways with an upward bias, but below 41.80 both the bullish and bearish scenarios are possible:

1) bullish scenario: the stock found support and long setup in the 32.20 area late in September and reached the first target in 36.6 but was not able to make it to the second target in the 38.90 area. The next measured move long came in the 34 area that traded almost to the tick. This long setup has first target in the 40.90 area and second target in the 44.50 area.

2) bearish scenario: should the general market (S&P500) start moving lower this stock is likely to follow. It has support in the 35.90  area which could be tested in the coming days. Below 35.40 the support is at 34. If price gets there this would be a second, dangerous test and should price slice below 32.80 we should consider a retest of the bottom of the large weekly sideways channel, with prices back in the 25.00 area.

For your information I write a free Newsletter I send over on Sundays along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures & stocks, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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Netflix (NFLX) video analysis, December 5th 2012 (English Language)

Hello traders,

I have recorded a review for Netflix (NFLX), a widely followed and highly participated stock of the NASDAQ. Hereunder is my video review:

The stock has still resistance in the 85.20 area which was retested with success on October the 31st, 2012 (we can see program trading selling into the stock that day, after reaching resistance). The fourth test, however, is leaking in. The stock had support and a sloppy long setup in the 63.50 area with targets at 79.20 and 87.40. We witnessed profit taking from the second target  since yesterday.

If we consider the next traditional long and support that traded yesterday at 74.30 area, this stock could have targets above in the 90 and 91.30 area. Above 91.30 the resistance area starting at 85.20 would no longer exist and this stock could have the possibility to retrace all the way up to the 179 area.

If price moves lower before the 90 area is touched a good support for price would be the 81.15-20 area with a stop below 79.40. This support and long entry would have targets in the 91.30 and 96.60 areas.

For your information I write a free Newsletter I send over on Sundays along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures & stocks, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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Hewlett-Packard (HPQ) video analysis and trading plan, November 27th 2012 (English Language)

Hello traders,

I recorded a video analysis for Hewlett-Packard (HPQ), a stock being beaten down since the last 2 years. Most expect selling to continue but I believe the stock will have a few days/weeks to get a bit of a breather.

Hereunder is my video analysis for HPQ:

This stock has been trading in extension shorts on the weekly timeframe with the last setup short at 29.30 and 1st and 2nd targets respectively at 17.70 and 11.60. Some believe the stock will keep going lower from here but I think the stock is due for a relief rally. On the weekly chart the next level of resistance is at 16.30-40.

On the daily chart the closer resistance is located at 14.30, which leaves some room for a brief rally in this stock.

Hereunder I am providing a trading plan for this stock going forward.

Trading plan for HPQ, November 27th 2012 (click to enlarge)

Trading plan for HPQ, November 27th 2012 (click to enlarge)

I have identified two scenarios for HPQ. In the first scenario we go straight up trading in extensions on the daily chart. The first resistance comes at the 20-day SMA with price that keeps moving higher into the 14.40 area of first resistance. After a shallow correction price would continue into the higher level of resistance and final target of long positions at 16.40.

In the second scenario we simply get a deeper correction after price hits the first resistance at 14.40. The correction would stop in the 12.90-13 area, the half way back from lows, to then continue higher into the 16.40 weekly resistance.

For your information I write a free Newsletter I send over on Sundays along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures, articles on my trading method, market commentaries and HFT/Program Trading. I also send a special mid-week assessment & update where I focus on the Euro-Dollar cross, the Dollar Index and the S&P500 index. Please, register here to receive the free weekly newsletter.

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Accenture (ACN) video analysis, November 26th 2012 (English Language)

Hello traders,

I recorded a review for Accenture (ACN), a darling of the NYSE and highly participated stock. I liked doing the review also because this is the company I worked in the past initially as a consultant  and then as an IT project manager. I love the way it is managed. It’s an hard-working, extreme work-ethics company (you may like it or not).

Hereunder is my video analysis for ACN:

The stock has long term support in the 55 area where an extension long setup (identified on the weekly chart) is located.  This setup had a first target in the 71 area and we witnessed profit taking from that level.

The stock price has also support in the 64.30 area which will be confirmed above the 69 level. Above that price it would be ‘safe’ to take a long with a stop below 65.70, but the safer stop would be below 62.50.

Price has targets to 75.39 and then 79.40 and if the continuation of a move higher in the S&P500 is confirmed with price breaking above 1419, then those are the targets where ACN is headed.

For your information I write a free Newsletter I send over on Sundays along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures & stocks, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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Research In Motion (RIMM) video analysis, November 20th 2012 (English Language)

Hello traders,

I recorded a review for Research In Motion (RIMM), a stock being talked-up on social networks these days. Most expect a rally and I wanted to analyze price structure using my trading method on both the weekly and the daily timeframes in order to understand the move potential. As a result I was able to synthesize some trading indications given in the video and in the commentary below.

Hereunder is my video analysis for RIMM:

The stock is rallying into the next level of resistance located at 13.95. On the daily chart price is basically at target (9.80), with reference to a long setup started lower in the 7.30-40 area. I would not chase price at these levels. RIMM could be moving in extensions on the daily timeframe and, if this is the case, the next support is seen at 9.10-20 area (based on Monday’s close), with a stop below 8.95. Targets for such setup would be 10.10 (1st target) and 10.60 (2nd target).

If RIMM price keeps moving higher the first resistance level is at 13.95 as said above, an area for partial profits. Should bulls be capable of moving price above the 15.80 level, the next level of resistance Program Trading would be watching to start selling again is 38.30, another area for partial profits. Should price be able to keep moving higher despite resistance and break above 46.90 I would completely exit longs positions.

Of course I am getting ahead of myself here because a lot needs to happen for price to get there. However the objective was to provide information that can be used to create a trading plan for RIMM going forward, in the medium and long-term. Notice that if price breaks above the 15.80 level, we could see a retracement into the 11.00 to 12.00 area before price can continue higher into the next level of resistance at 38.30.

For your information I write a free Newsletter I send over on Sundays along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders. Thank you.

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