Blog Feed: T3Live Blog

Wacky Day of Big Travel Ranges in Market

Published on 2012-05-08 15:23:26

The Dow extended its losing streak to five on Tuesday, but the market staged an impressive afternoon reversal to prevent another big May sell-off. Major indices were off more than 1.5% at around 11am ET, but rallied to reclaim the majority of those losses. The S&P dropped 0.43%, the Dow 0.59% and the Nasdaq 0.39%.

Market Still Has Room to Fall, but I'm Covering SPY

Published on 2012-05-08 09:33:06

Markets gapped down this morning and today the bulls couldn’t get the reflex cash flow long like they did in the first 30 minutes yesterday. The

Look to Short Rallies, Buy Dips Entering Summer Trading

Published on 2012-05-08 08:14:00

Yesterday I talked about expecting more weakness. We showed some resilience, but today we are back in a little bit of trouble as stocks are set to open lower. In an environment like this, you don't just stop buying, you just have to be more stock specific and selective.

Stocks Set for Lower Open as Greece Fails to Form Government

Published on 2012-05-08 07:28:54

Today is my first day back from vacation, so it's time to dive back into the action!

Morning Call Express: Markets Remain in Correction Mode

Published on 2012-05-08 07:27:11

Stock futures point to a lower open Tuesday after brushing off European election results yesterday. Markets seemed content with the austerity path in Europe, which is now in jeopardy after political upheaval in France and Greece. Traders will be seeing if any stocks or sectors can go green after the down open. Financials (XLF), especially leaders like JP Morgan (JPM) and Wells Fargo (WFC) will be... View the full post at http://blog.t3live.com

Stocks Quiet After Weekend Fireworks

Published on 2012-05-07 15:17:05

Stocks oscillated between small gains and losses Monday, with more action coming in the futures prior to the session. The S&P 500 and Nasdaq held on for small gains, while the Dow slipped 0.2%. S&P futures opened down 16 handles last night and at one point were down 20, but by the time US markets opened this morning the index futures were only off three handles.

Market in Flux After Recent Selling Pressure

Published on 2012-05-07 08:50:11

The market showed some extreme weakness after the jobs report Friday, and looked set for a sharply lower open last night after elections France and Greece shook up the status quo. Futures recovered most of those losses before the open, but it does seem like the action has changed significantly relentlessly bullish tape from Q1.

European Election Results Rattle Markets, but Futures Stage Big Rally From Sunday Night

Published on 2012-05-07 07:30:43

S&P futures were down as much as 20 handles last night following election results in Greece and France, but have pared much of those losses this morning and are down only 5 at 8:30 am ET. Greek voters punished the established pro-bailout political parties, installing a fractured legislative body complete with neo-Nazi's and Communists. In France, victory for socialist candidate Francois... View the full post at http://blog.t3live.com

Morning Call Express: Markets Start Week Under Pressure After European Election Results

Published on 2012-05-07 07:25:20

US stock futures opened sharply lower last night after the results of Greek and French elections, but have pared a large portion of those losses this morning. The Oil Service ETF (OIH) will be on traders' radars today as it has been underperforming and accelerated to the downside last week as crude prices plummeted. On the flip side, yoga apparel maker Lululemon (LULU) has stood out in the... View the full post at http://blog.t3live.com

Stocks Fall Hard After Weak Jobs Data

Published on 2012-05-04 14:10:39

The market experienced one of its sharpest drops of 2012 on Friday, triggered by a lower than expected number of non-farm payrolls created in April. The Nasdaq dropped hardest at 2.25%, the S&P fell 1.62% and the Dow slid 1.28%. The US economy saw an increase in 115,000 jobs, rekindling fears of a double dip recession, although February and March numbers were revised higher. Markets seemed to... View the full post at http://blog.t3live.com

Futures Fall After Disappointing Jobs Data

Published on 2012-05-04 08:06:47

Futures are headed for a lower open this morning after a disappointing jobs report. The US economy created only 115,000 jobs in the month of April, but gains for February and March were revised higher to take some of the sting out of the news. While stocks are heading lower in the pre-market, the damage is minimal.

Stocks Fall Ahead of Jobs Report, LinkedIn (LNKD) Near All-Time Highs After Earnings

Published on 2012-05-03 16:05:54

Stocks dropped Thursday ahead of the big jobs report tomorrow, perhaps suggesting traders are not optimistic about the employment numbers. The Nasdaq was the hardest hit, falling 1.16% while the S&P fell 0.77%. Jobless claims this morning even came in lower than expected (bullish) after the ISM survey numbers were better than expected on Tuesday, but those were not enough to prevent traders... View the full post at http://blog.t3live.com

Futures Follows Europe Higher, Jobless Claims Better-than-Expected

Published on 2012-05-03 07:26:34

US stock futures are slightly higher Thursday morning ahead of weekly jobless claims and first quarter-productivity. Later in the day at 10am we will see ISM non-manufacturing and the purchasing managers index (PMI). The big report obviously comes tomorrow with the non-farm payrolls number, and we could see more sideways trading ahead of that event.

Morning Call Express: Traders Positioning Ahead of Jobs Report

Published on 2012-05-03 07:19:56

The market has been unable to regain the momentum of last week, perhaps because traders are anticipating a market moving jobs report on Friday. Automotive stocks are in focus after auto sales numbers and General Motors (GM) earnings this morning. GM initially spiked after the report, but has since faded to flat. Conoco-Phillips (COP) is also in the news after spinning off its refining business,... View the full post at http://blog.t3live.com

Market Crawl Higher After Gap Down, GMCR Crushed After Lowering Guidance

Published on 2012-05-02 15:24:59

The Dow and S&P finished slightly lower Wednesday, while the Nasdaq was able to recover into positive territory. Stocks opened lower this morning after a weaker than expected ADP jobs report, sparking fears that Friday's bigger jobs numbers will disappoint. All of the indices drifted slightly higher all day, but the tech heavy Nasdaq was the only one able to get into green territory. While... View the full post at http://blog.t3live.com

Marketing Continuing to Show Signs of Weakness

Published on 2012-05-02 09:54:39

Markets under pressure as the ADP data did not help the bullish case.

Red Flags Appearing in Market Action

Published on 2012-05-02 08:37:39

Yesterday's ISM number seemed to catch shorts by surprise, triggering a big spike until Noon, when the rally petered out and we closed much more bearish. Today's lower open adds to the skepticism, because a strong bull market acts better technically after strong data.

Morning Call: Stocks Unable to Hold ISM Gains, Crosscurrents Blowing in World Economy

Published on 2012-05-02 07:19:51

Stocks are set for a down open Wednesday after bleeding lower yesterday afternoon. The strong ISM number gave the market a big boost in the morning, but stocks could not hold those gains and are back at yesterday's low pre-market. The cliché goes, "Sell in May and go away". Will that hold true this year? There are some macro cross-currents in the market right now, with strong

Sell in May and Go Away?

Published on 2012-05-02 07:12:23

Stocks are set for a down open Wednesday after bleeding lower yesterday afternoon. The strong ISM number gave the market a big boost in the morning, but stocks could not hold those gains. The cliché goes, "Sell in May and go away". Will that hold true this year? There are some macro cross-currents in the market right now, with strong earnings but lingering economic concerns. Also, the Dow had... View the full post at http://blog.t3live.com

Market Bleeds Lower After ISM Spike

Published on 2012-05-01 15:08:40

The market made a green start to May, but closed the day very weak after early strength. The 10am ISM survey reading that kicks off the data calendar each month exceeded expectations, triggering a sharp rise in stocks until Noon ET, when all momentum seemed to disappear from sight. Indices hardly got a positive tick the rest of the day and gave back the majority of those morning gains. The... View the full post at http://blog.t3live.com

ISM Number Triggers Big Move in Market

Published on 2012-05-01 09:42:04

The 10:00am better than expected ISM reading triggered another short squeeze, as shorts have been on the ropes since last Thursday.

Morning Call Express: Traders Will Focus on Auto, Oil, Gold, Apple (AAPL)

Published on 2012-05-01 07:28:42

T3Live.com's Scott Redler discusses what yesterday's slide means for the markets. Today, traders will be watching General Motors (GM) and Ford (F) ahead of earnings from the automotive sector. Gold (GLD) also remains a focus as the inverse head and shoulders pattern remains intact. They will be watching the Euro Trust (FXE) for clues. Exxon-Mobil (XOM) and Schlumberger (SLB) also have... View the full post at http://blog.t3live.com

Stocks Look for Strong Start to May, Watch (AAPL) Off 50-Day MA

Published on 2012-05-01 07:14:51

US stock futures are slightly higher this morning, recovering from overnight losses. The market held in a pretty tight range yesterday as it digested the previous four days of gains.

Market Drifts Lower to Close April, Apple (AAPL) Weighs on Nasdaq

Published on 2012-04-30 14:41:14

Markets were quiet Monday trying to digest the previous four days of gains. The heaviest selling is in the Nasdaq, which finished the day down 0.77%. The Dow finished down only 18 points, or 0.14%, but the damage to leading stocks makes it feel a bit bigger. The selling today could be attributed to some end of month profit taking.

Market Feeling Even Heavier than Indices Suggest

Published on 2012-04-30 09:49:19

Markets feel worse than the indices say, maybe I’m just in the wrong stocks. SPY is still above $139.30-130.40 (last week’s pivot) this spot important for momentum guys (the morning low is $139.64). More intermediate term guys will be looking towards $138.50-138.70 (that would be half way of the move off the double bottom from April 23rd).

Traders Cautiously Optimistic After Last Week's Strong Rally

Published on 2012-04-30 07:12:38

A term I’ve heard from a lot of traders this weekend was “cautiously confused”. Lots think that Europe is a big problem and ready to take a turn for the worse, but equity markets are still acting well. This is when you leave your “opinions” at the door and watch levels with a plan. Evaluate the action with an approach.

Market Closes Blockbuster Week on High Note

Published on 2012-04-27 15:10:16

The S&P climbed back above 1,400 on a quiet Friday session, with all major indices finishing higher. The Nasdaq was the strongest index, finishing 0.6% higher thanks to another round of strong tech earnings, headlined by Amazon (AMZN). This week was extremely productive for the market, making a double bottom on Monday and never looking back. Another blockbuster earnings report from Apple... View the full post at http://blog.t3live.com

Earnings Results Outweigh GDP Disappointment

Published on 2012-04-27 08:16:35

US stock futures point to a higher open Friday, shaking off last night's S&P downgrade of Spain and today's worse than expected GDP reading. GDP climbed 2.2% versus expectations of 2.7%, while last quarter the country's output rose 3%. Helping to offset these negative headlines were another round of strong earnings, headlined by Amazon (AMZN). The stock is up nearly 17% after far surpassing... View the full post at http://blog.t3live.com

Q&A Daily Recap with Stocktwits: Market Adds to Impressive Rally

Published on 2012-04-26 17:04:35

The market entered the fourth day of the new rally, the Dow leading the way with a 0.9% gain. The big events this week that traders were watching were Apple (AAPL) earnings and the Fed rate decision, and both delivered for the bulls. AAPL had another blowout quarter, and the Fed kept rates low, with Chairman Bernanke expressing a willingness to consider new balance sheet expansion if economic... View the full post at http://blog.t3live.com

Market Looking to Extend Rally to 4 Days

Published on 2012-04-26 09:43:57

Markets absorbed the down open and went positive.

Market Working on New Uptrend

Published on 2012-04-26 07:29:17

The Fed basically kept the same language and the markets closed strong yesterday, the third day of a new fledgling rally. Markets put in double bottom back on Monday, and that pattern has wrested away control of the market from the bears.

Apple (AAPL) Earnings, Dovish Fed Push Market to Big Gain

Published on 2012-04-25 15:12:23

The Nasdaq jumped 2.3% Wednesday thanks to its largest component, Apple (AAPL). The consumer tech giant surged 8.9% after reporting another stellar quarter of earnings growth, holding above most of its overnight gap. The S&P performed well also, gaining 1.4%, while the Dow rose 0.7%.

Markets Fading After Early Spike

Published on 2012-04-25 09:38:34

Markets had a quick move off the open.

Apple (AAPL) Propels Futures Back Above 50-Day MA

Published on 2012-04-25 07:15:13

S&P futures are up almost 10 handles as the three day bounce off Monday’s low continues. Apple (AAPL) is helping to fuel the gains after another very impressive quarter, with the stock up almost 10% in the premarket.

Apple (AAPL) Back Over 600 After Impressive Earnings

Published on 2012-04-24 15:16:26

The Dow and S&P recovered from yesterday's loss Tuesday, but the Nasdaq continued lower as Apple (AAPL) sank ahead of its Q1 earnings results. Earnings from AT&T this morning revealed slightly lackluster iPhone sales compared to last quarter, sparking some anxiety over whether AAPL can continue its torrid earnings growth pace.

Less is More as Market in Tricky Spot

Published on 2012-04-24 09:58:25

The Dow is up 100 points and there are some guys out there saying the low is in of this corrective cycle.

Eyes Shift to Apple (AAPL) Earnings, Fed Meeting

Published on 2012-04-24 07:11:19

US stock futures point to a higher open Tuesday, looking to bounce back from yesterday's break of the mini-uptrend line started on April 10. Worries over the European sovereign debt crisis are ramping back up as borrowing costs in Spain rise. Also there is uncertainty in France, where incumbent President Nicolas Sarkozy faces an uphill climb to retain his position.

Market Creeps Higher After Gap Down, AAPL Shows Resilience

Published on 2012-04-23 15:22:58

Markets came off the lows with very limited opportunity for longs. SPY’s low of the day was $135.94, right in front of the $135.76 reactionary pivot. After the morning low, it was a grind. High of the day was $136.91, so there is still a big gap that remains unfilled, giving Bears full control. Some traders were frustrated with today's action, since you had to be short overnight to make money... View the full post at http://blog.t3live.com

Market Still Feeling Heavy

Published on 2012-04-23 09:50:39

Markets pressured early and still feel heavy. SPY opened around $136.50 and hit a morning low of $135.96. The reactionary low from April 10th is $135.75. See how we handle that area.

Europe Jitters Send Futures Lower

Published on 2012-04-23 07:33:14

Everyone is looking for the biggest factor why we are down this morning.

Dow Climbs, Nasdaq Falls on Quiet OpEx Friday

Published on 2012-04-20 15:18:17

Stocks were quiet Friday ahead of Options Expiration after a volatile week. The Dow surged after a strong round of earnings, while the Nasdaq fell. Apple (AAPL) was in focus as it remained weak. The stock has closed lower eight out of the last nine days after a massive Q1 run. *DISCLOSURES: Evan Lazarus is short LULU. View the full post at http://blog.t3live.com

Strong Earnings, European Gains Boost US Futures

Published on 2012-04-20 08:08:49

US stock futures are higher Friday morning after a round of strong corporate earnings from a host of big names. General Electric (GE), McDonald's (MCD) and Microsoft (MSFT) are all trading higher this morning after beating Wall St expectations. European stocks also traded higher, shaking off increasing worries about Spain's debt load and rising borrowing costs. Not all is rosy on the earnings... View the full post at http://blog.t3live.com

Market Slumps Amid Bad Data, Euro Jitters - Special Q&A Daily Recap with Stocktwits

Published on 2012-04-19 16:22:59

The market retreated Thursday, continuing the back and forth action we have seen so far this week. The Nasdaq fell the hardest, down 0.8%, while the Dow and S&P fell more than 0.5%. The S&P broke back above a mini range with a strong day on Tuesday, but has fallen back down toward the bottom end of that range over the past two days. Losses were inspired by a trifecta of poor economic... View the full post at http://blog.t3live.com

Trading is like Flying an Airplane

Published on 2012-04-19 12:37:22

Every year I go to the Traders Expo, and I always find one or two people who give me great insight about trading. Even though I'm the professional and I'm the educator, it's a very, very smart crowd, and that crowd has a lot of information to share. A gentleman who I was speaking with said to me, "Do you fly an airplane?" I said "No, I don't. I have never flown an airplane, never gotten... View the full post at http://blog.t3live.com

Erratic Market Stopped Me Out of Index ETF Longs

Published on 2012-04-19 12:20:42

This erratic trade stopped me out of my SPY and QQQ. Wow.

TUMI - The Art of Trading an IPO on Day 1

Published on 2012-04-19 10:27:46

TUMI was a "hot" new IPO that opened today above it's price of $18. TUMI opened at $26 and put in a high of $26.80. This stock created a base around $25.50ish and bounced higher from there. As a possible first entry, you could have been involved when it made a higher lower low against the morning low with more confirmation to the entry when it broke above the mini downtrend channel at... View the full post at http://blog.t3live.com

Market Choppy After Weak Data Trifecta

Published on 2012-04-19 09:56:28

The market is very choppy as the 10:00am numbers were disappointing.

Futures Rise After Decent Spanish Bond Auction

Published on 2012-04-19 07:08:24

European stocks rose for the third day in four as Spain’s auction saw “decent”, but not great demand.

IBM, Intel (INTC) Weigh Down Market

Published on 2012-04-18 15:08:26

The market retreated Wednesday, trading in a tight range during the session after a gap down. The lower open this morning can be credited to tech bellwethers IBM and Intel (INTC), which failed to meet Wall St expectations with earnings reports last night. The Dow, naturally, was the biggest loser today, falling 0.63%. All things considered after yesterday's impressive snap back, today can be seen... View the full post at http://blog.t3live.com

Exit Signal From Red Dog Reversal Trade in Apple (AAPL)

Published on 2012-04-18 10:02:12

Sometimes entries are easy and exits are hard. Yesterday with AAPL I tweeted the Play by Play of the Red Dog Reversal, and it yielded a bigger move than I even expected. Today, I wasn't going to get greedy with the trade after such a strong snap back. I saw some intermediate resistance this morning in the $612-618 area, and the 10-day MA was at $619, which I made my top-end trade target. Then,... View the full post at http://blog.t3live.com

Market Looks to Hold Gains from Yesterday's Snap Back

Published on 2012-04-18 07:30:18

Yesterday Tech finally had some power as the market snapped back to some broken trend lines.

Tech Rebounds to Ignite Market Rally

Published on 2012-04-17 15:05:41

Nothing is ever boring with Apple (AAPL). Yesterday the headlines were all about how the market leader had become a drag on the broader market after an overcooked rally to start 2012. Only 24 hours later, the world's most valuable company is once again the darling of the market.

Perfect Red Dog Reversal in Apple (AAPL)

Published on 2012-04-17 09:40:38

Apple (AAPL) continues to be one of my favorite stocks to trade, especially after it has loosened up in the past couple of weeks. Action like today's Red Dog Reversal get me excited to talk about the power of technicals, even though many people like to try to say they don't work. With AAPL reaching almost parabolic levels during Q1, it was hard to chase the stock to the long-side, and I chose... View the full post at http://blog.t3live.com

Futures Climb as Tech Leaders Looks to Rebound

Published on 2012-04-17 07:10:30

US stock futures point to a higher open Tuesday morning, with the Dow looking to add to yesterday's gain and the Nasdaq looking to recover from heavy selling. It is a divergence we had not seen this year to-date, but something to keep an eye on. The gains this morning follow the bullish action in the European equity markets, and come despite a lackluster earnings report from Goldman Sachs (GS).... View the full post at http://blog.t3live.com

Blue Chips Surge While Tech Leaders Plummet

Published on 2012-04-16 15:08:38

We saw a major divergence between the blue chip Dow index and the tech heavy Nasdaq Monday, as the former gained 0.6% and the latter slumped 0.76%. The S&P only one point in the red. Former market leaders in the tech sector saw massive declines after months of relentless strength. Apple (AAPL) extended its losing streak to five sessions as it accelerated to the downside. Only a week ago... View the full post at http://blog.t3live.com

Morning Call April 16, 2012

Published on 2012-04-16 07:12:44

View the full post at http://blog.t3live.com

Daily Recap: Friday April 13, 2012

Published on 2012-04-13 15:45:02

View the full post at http://blog.t3live.com

Watching AAPL To Gauge The Market

Published on 2012-04-13 11:39:10

In the last couple of days I was a little concerned about the relative weakness in AAPL as the market had a two-day bounce back, which was discussed in my Morning Calls and Daily Notes..

Rally Gains Momentum, Google (GOOG) Announces New Share Creation

Published on 2012-04-12 15:34:23

Stocks staged a strong bounce Thursday, showing much more life than during yesterday's session. The S&P gained 1.38%. Yesterday, the market was unable to gain much traction after futures surged overnight. The quiet session turned out to be nothing more than a pause as dip buyers stepped in today.

Market Bounce-Back Gaining Steam

Published on 2012-04-12 09:36:22

Markets ignored the jobless claims as I mentioned they might, and had a nice move this morning.

Stocks Begin Day 2 of Oversold Bounce

Published on 2012-04-12 07:12:19

Futures are up a this morning as the markets go on Day #2 of the oversold bounce. McClellan Oscillator went from (-92ish) to (-50ish). We are going from extremely oversold to just mildly, so this type of feeble bounce can continue until we test certain broken trend lines as this is a usual scenario. Yesterday’s action was a bit lethargic but strategies both long and short did work in defined... View the full post at http://blog.t3live.com

Stocks End Losing Streak Overnight, but Fail to Gain Momentum During Session

Published on 2012-04-11 15:02:47

Stocks rebounded overnight after a five-day losing streak, but couldn't follow through, trending mostly lower Wednesday. The S&P still finished 0.75% higher despite the quiet and lackluster session. Earnings season began last night with Alcoa (AA), and the aluminum giant beat Wall St to kick-start the oversold bounce. Spanish and Italian bond yields also fell to relieve some of the resurgent... View the full post at http://blog.t3live.com

Futures Bouncing From Highly Oversold Levels

Published on 2012-04-11 07:25:59

Overseas markets are bouncing back from what has been a multi-week decline for most foreign indices. The U.S markets have been down for 5 days straight, bringing the McClellan Oscillator to screaming oversold levels (-95).

S&P Losing Streak Grows to 5 as Euro Jitters Return

Published on 2012-04-10 15:23:49

Investors continue to sell in the 2nd quarter, extending the S&P's losing streak to five. The Nasdaq also saw its first close below 3,000 after dropping 1.8%. Weakness was inspired by rising borrowing costs in Europe, where jitters, especially in regards to Spain, are beginning to intensify. Investors also perhaps sought to take profits ahead of earnings season, which kicked off after the... View the full post at http://blog.t3live.com

S&P Feels Like it Wants to Test 50-Day

Published on 2012-04-10 09:39:26

Markets not sure which way it wants to go.

Futures Flat, Eyes Shift to Earnings Season

Published on 2012-04-10 07:36:26

Not much news overnight besides the usual Spanish yields rising and other rumblings out of Europe.

Will Europe Add to Market Woes Tomorrow?

Published on 2012-04-09 15:03:33

Markets had a decent move off the lows with some of the usual suspects moving well, before fading in the last hour of trading.

Compelling Longs are Scarce After Gap Down

Published on 2012-04-09 09:19:57

S&P’s are in a very narrow range in the first 45 minutes or so of trading. The

Futures Sink After Jobs Report

Published on 2012-04-09 07:36:00

Futures are pointing to a much weaker open after Friday’s disappointing jobs info.

Market Looking Ripe for Deeper Correction: Special Q&A Daily Recap with Stocktwits

Published on 2012-04-05 16:59:56

Markets were mixed Thursday ahead of the holiday weekend, with the Nasdaq gaining 0.4% while the S&P and Dow slumped to small losses. Tomorrow we will see the non-farm payrolls number and unemployment rate even though US exchanges will be closed. We saw another gap down this morning, but stocks were able to bounce off oversold levels to salvage the day. IBD put us in a Market Correction... View the full post at http://blog.t3live.com

Not Getting Married to One Side of the Trade

Published on 2012-04-05 10:02:59

Markets went positive a few minutes ago as we came in this morning a bit oversold.

Off the Charts - April 4, 2012 (FREE SAMPLE)

Published on 2012-04-05 07:52:23

April 4, 2012

Market Enters Correction Mode

Published on 2012-04-05 07:44:22

Markets have been under pressure since Tuesday when the Fed released minutes stating that they would be less accommodative with monetary policy. It doesn’t help that Spanish yields are rising and European negative headlines are growing

Market Slumps to Loss for 2nd Straight Day

Published on 2012-04-04 15:30:29

The market fell for the second straight day, dealing with the fallout from the Fed minutes and resurgent fears about the Spain's debt woes. The European sovereign debt crisis had remained largely out of the headlines since Greece agreed to terms of its second bailout package, but now borrowing costs on the continent are starting to edge higher once again. Stocks and commodities... View the full post at http://blog.t3live.com

Fed Fallout, Spain Worries Weigh on Futures

Published on 2012-04-04 07:34:45

Yesterday was a tough one as many traders got abused as market was weak most the day and intensified to the downside after the Fed minutes, then rallied in the last hour.

Market Recovers After Post-Fed Minutes Sell-Off

Published on 2012-04-03 15:09:54

The market dropped Tuesday but pared some losses in the last hour of trading. Stocks accelerated lower at 2pm ET after the release of the minutes from the most recent Federal Reserve meeting. The FOMC played down the need for and likelihood of QE3, saying that such action would only be necessary if growth slowed. The sell-off was enough to cause shorter-term momentum traders to lighten... View the full post at http://blog.t3live.com

Apple (AAPL) Stands Out in Quiet, Choppy Morning Tape

Published on 2012-04-03 09:42:07

Markets mixed as the Dow and S&P are a bit lower, while the Nasdaq is up with Apple (AAPL).

Banks Could be Primed for Continuation

Published on 2012-04-03 07:59:53

The market never goes very far without the financials, and that usually works in both directions. After a nice run to start the year, I think the financials are consolidating for another move.

Futures Unable to Continue Fast Start to Q2

Published on 2012-04-03 07:36:16

Markets started off slow yesterday and then

Apple (AAPL) Back to Leading Market Charge

Published on 2012-04-02 18:23:57

After a brief pull-in early last week, the market is back on the rise, with the S&P making new multi-year highs. Last week the index pulled back into the 20-day moving average and bounced, showing great strength. The Nasdaq has been even stronger, holding above its 10-day moving average. Apple (AAPL) resumed its role as market leader, gaining more than 3% back to near all-time... View the full post at http://blog.t3live.com

Bulls Remain in Control to Start Q2

Published on 2012-04-02 09:49:16

Markets started out slow and built as the morning unfolded. S&P

Gearing Up for the Second Quarter

Published on 2012-04-02 07:39:43

Welcome to the second quarter! Futures are basically flat this morning as this new three-month stretch commences. As I enter this quarter, I do it with my foot off the throttle.

Market Unable to Build on Gap Up (Special Daily Recap with Ron Roll)

Published on 2012-03-30 14:27:17

Let me start by saying we are to pleased to welcome Ron Roll (aka gtotoy) into the studio for today's Daily Recap (above). Ron runs the Day Trader Boot Camp website, and is one of my favorite traders period, and also one of my favorite to follow on Twitter and Stocktwits. Enjoy this special treat and hopefully we can get him back into the studio again soon! Markets opened up this morning,... View the full post at http://blog.t3live.com

Blockbuster Quarter Winds Down

Published on 2012-03-30 08:07:29

An Increase in the Firewall in the Euro zone boosted some foreign markets and snapped their three day losing streak.

Furious Afternoon Rally Takes Dow Into Green Territory

Published on 2012-03-29 14:57:11

The market staged a furious afternoon rally to erase losses from earlier in the session. The Dow finished positive, gaining 20 points, while the Nasdaq and S&P slumped 0.3% and 0.16%, respectively. The S&P held the 20-day moving average and churned higher most of the afternoon. The low on the SPY was $139.09, about a nickel above the 20day moving average. After three straight down... View the full post at http://blog.t3live.com

Stocks Working on Third Straight Down Day

Published on 2012-03-29 10:17:49

Markets are down for a third day since the Tuesday afternoon reversal.

Market Could See End of Quarter Profit Taking

Published on 2012-03-29 07:11:51

We are now going on day three of the slide that started Tuesday afternoon. After a big move from the December 20th Gap and Go selling some longs into the end of the first quarter#1 made sense. There is always a

Market Pares Losses Into Close, Durable Goods Data Weighs

Published on 2012-03-28 15:28:17

Stocks dropped for the second consecutive day Wednesday as we approach the end of what has been a historically strong first quarter. Weaker than expected durable goods data before the open weighed in the futures. The indices drifted lower for most of the day until bouncing back in the last 90 minutes of the trading day, all finished down around 0.5%. Apple (AAPL) had a sharp drop just before... View the full post at http://blog.t3live.com

Catching Quick Shorts in Select Tech

Published on 2012-03-28 09:59:57

Markets started off somewhat flat after yesterday’s late afternoon sell off.

Futures Flat as End of Quarter Beckons

Published on 2012-03-28 07:45:32

US stock futures are again retreating from overnight highs and currently point to a flat open on Wall St. Yesterday a last hour sell-off took the indices into negative territory for the day, but the damage was minimal considering Monday's sharp rise. Durable goods data disappointed, coming in at 2.2% vs 2.9% expected triggering the slight sell-off before the open today.

Market Turns Red in Last Hour After Quiet Day

Published on 2012-03-27 14:13:47

Stocks closed on the red Tuesday thanks to a last-hour sell-off. The damage, though, was minimal, hardly denting yesterday's sharp gains. The Dow and S&P closed down 0.3% while the Nasdaq slumped only 0.1%. A small pull-back or rest after a big rally is no cause for concern, and the rally remains firmly intact. The indices were quiet most of the day as strong stocks

Market Rests, Apple (AAPL) Makes New Highs

Published on 2012-03-27 10:02:04

Pretty quiet day in the indices as expected, you can’t expect huge days like yesterday all the time.

Don't Expect Much After Monday Rally

Published on 2012-03-27 07:29:51

Futures have faded all morning after gaining overnight, and how point to a lower open on Wall St. Dovish comments from Fed Chairman Ben Bernanke sparked a rally to multi-year highs yesterday, but it appears there will be little in the way of follow-through. However, the move could have been overdone as there was no suggestion of a QE3.

Bernanke Boosts Market to 2012 Highs

Published on 2012-03-26 15:05:21

The market rallied sharply Monday, taking back all of last week's and closing at new highs for the year. The Nasdaq was particularly strong, surging 1.8% while the S&P rose 1.4%. Stocks experienced a little bit of weakness last week, but shallow dips are once again proving buyable in this irrepressible 2012 tape.

Markets Continue Higher From Friday's Reversal

Published on 2012-03-26 10:50:43

Markets continued higher from Friday’s upside Reversal. Most indices held their 20day moving averages last week.

Morning Call Pre-Production 3_26_12

Published on 2012-03-26 08:04:16

Morning Call: March 26, 2012 Market Snapshot a.

Markets Look to Close Historic Quarter Strong

Published on 2012-03-26 07:29:43

(Due to technical difficulties there is no Morning Call this morning. The above video is the Daily Recap from Friday with Evan Lazarus) (Also this weekend, Patti Domm quoted me in her CNBC Market Insider blog. See the excerpt and link below.) “You can’t expect the second quarter to be like this first quarter,” said T3live.com’s Scott Redler, who follows short term technical moves. “If we’re... View the full post at http://blog.t3live.com

Stocks Edge Higher to End Losing Streak

Published on 2012-03-23 14:46:58

The market was quiet Friday, with all major indices closing slightly higher to end a three-day losing streak. We noted a small short-term complexion change with yesterday's close below the 10-day moving average, but it is nothing to cause any great concern. We still could probe some deeper support levels through the end of the month and quarter. Profit taking could also lead to some downside next... View the full post at http://blog.t3live.com

End of Quarter Profit Taking Could Deepen This Correction

Published on 2012-03-23 09:54:26

This corrective phase feels a bit different from early March, and could be exacerbated by end of quarter profit-taking.

Markets Look to Break 3-Day Losing Streak

Published on 2012-03-23 08:03:16

US stock futures are nearly flat Friday morning following three straight days of losses for the Dow and S&P. Investors and traders could be taking some profits after the S&P has gained more than 10% in the first quarter of 2012. Technically, this is an area to be more cautious and get in "wait-and-see" mode. After closing below the 10-day moving average yesterday, we could probe some... View the full post at http://blog.t3live.com

Banks Lead Market Higher After Stress Test Reports

Published on 2012-03-13 15:29:29

US markets charged sharply higher in the afternoon trade Tuesday as reports suggested positive results from the Federal Reserve's round of stress tests on US banks. Major indices finished 1.7-1.9% higher, with the Nasdaq closing above 3,000 for the first time in 11 years. The Fed's decision to keep rates exceptionally low and strong retail sales numbers also contributed to the bullish... View the full post at http://blog.t3live.com

Banks, Apple (AAPL) Lead the Charge Ahead of Fed

Published on 2012-03-13 10:04:34

Markets opened up strong and hovered for the first hour of the day. SPY held above recent $138.19 highs and is now starting to push a bit higher. Lots of strong stocks and groups. The FOMC release is usual time 2:15 ET. Take some care, they do attempt to sell the news sometimes after. If we close at highs, the next real level in the S&P is 1404. Lots of action in... View the full post at http://blog.t3live.com

Bank Stocks Should Run Before, After Stress-Test Results

Published on 2012-03-13 07:52:39

The market looks set to break above move highs today, and it's time to gauge the heat of different sectors. Ahead of impending stress tests (results will be released Thursday), I have a firm eye on the bank stocks. The banks, to me, look ready to make a move. My favorite set-up in the group right now is Citigroup (C). The stock should make a nice move above $35.50, and I see $40 as a natural... View the full post at http://blog.t3live.com

Futures Surge, Gold Falls Ahead of Fed

Published on 2012-03-13 07:33:44

US stock futures point to a sharply higher open Tuesday ahead of the Fed policy announcement this afternoon. The S&P is currently set to open near move highs, up 7-8 handles in the pre-market. US markets are tracking European counterparts higher after stronger than expected German investor expectations. The main catalyst for today's move appears to be the Fed announcement. Nothing new and... View the full post at http://blog.t3live.com

Market Digests Gains on Quiet Trading Day

Published on 2012-03-12 15:01:04

Markets were mixed Monday on a very quiet trading day. The Dow gained 0.3% while the Nasdaq fell 0.16%. Perhaps New York traders are taking advantage of the unseasonably warm weather. No matter, the market now looks to be digesting last week's snap back, constructive action for the bulls. Early last week we saw the heaviest selling of the year as Greece dawdled on finalizing its private debt... View the full post at http://blog.t3live.com

Market Digesting Last Week's Bounce Back

Published on 2012-03-12 10:06:02

Markets digesting last week’s bounce back pretty well. Some early pressure in the banks took us off the morning highs. Today’s highs was 1373,and Friday’s high was 1374. At least we are developing a nice pivot or defined resistance. We are still above the 10/20day moving average ($136.87 is that level for the SPY). The low of the day was $137.17. The longer SPY holds above... View the full post at http://blog.t3live.com

Youku (YOKU) Handily Tops Street Estimates, Stock Up 20%

Published on 2012-03-12 08:27:41

Youku.com (YOKU) reports Q4 EPS (7c) vs. (89c) in Q4 of 2011. Youku.com sees Q1 year-on-year growth of 95% to 105% in net revenues. Tudou (TUDO) Soars 127%; Bought by Youku in $1Bln All-Stock Deal. Sina Corp (SINA) Target Raised To US$72.00 Vs US$58.30-Credit Suisse Renren (RENN) Rises 9.8% Starbucks (SBUX) foray into single-serve market could fuel fresh gains, Barron's says ... View the full post at http://blog.t3live.com

Can the Market Break Out to New Highs This Week?

Published on 2012-03-12 07:36:37

Futures are slightly lower Monday morning, taking cues from overseas markets. A surprising China trade deficit and the wait for final approval of the Greek bailout have curtailed risk appetite slightly. Markets closed almost where they started last week, but again we saw some divergence with relatively strong and weak stocks. There were lots of trades to be made. That was then, this is... View the full post at http://blog.t3live.com

Market Climbs on Jobs Report, Greek Debt Swap

Published on 2012-03-09 15:05:14

The market climbed again Friday in very quiet trading to cap a strong finish to the week. We saw some of year's heaviest selling on Monday and Tuesday, but the market once again proved 2012 is starting as the year of resilience. The Nasdaq was the strongest index, gaining 0.6% despite a late afternoon pull-in. On Tuesday, the S&P pulled into the 25% retracement zone from the rally that... View the full post at http://blog.t3live.com

Jobs Report, Greek Debt Swap Deliver for Bulls

Published on 2012-03-09 08:21:06

US stock futures are higher Friday morning after Greece delivered on its crucial debt swap with private creditors. Participation was high enough to trigger collective action clauses, ironing out the final stumbling block before the debt-riddled country can receive its second bailout package. Also, the US added 227,000 jobs in February, while December and January numbers were revised up by a... View the full post at http://blog.t3live.com

Green Mountain Coffee (GMCR) Plummets AH as Starbucks (SBUX) Introduces Single Cup Machine

Published on 2012-03-08 16:01:38

Starbucks (SBUX) Verismo (r) System by Starbucks, A New Premium Single Cup Solution for At-Home Espresso and Coffee Beverages, to Debut Just in Time for the Holidays. Late CNBC mention pushed SBUX to new highs above $51.5 in the post. Nice job to the traders in the VTF who were long prior, good trade. Green Mountain Coffee (GMCR) Trades off on violent selling down an even 15 below the... View the full post at http://blog.t3live.com

S&P Climbs Back Above 10-Day MA, Traders Eye Jobs Report

Published on 2012-03-08 15:48:43

The market continued its comeback from the early-week sell-off, with the S&P climbing back above its 10-day moving average. The Nasdaq was the strongest index today gaining 1.18%, while the S&P surged a shade under 1%. Stocks pulled off slightly in the last half hour of trading, still Thursday can be considered another victory for the bulls. The indices were put to the test by the year's... View the full post at http://blog.t3live.com

Futures Follow Foreign Markets Higher, What Are Key Resistance Levels?

Published on 2012-03-08 07:15:03

Futures are strong this morning after yesterday’s bounce from oversold conditions. The Oscillator on Tuesday had a -80 or so reading, a level that usually leads to an oversold bounce. On today’s open, this tool will be getting more neutral and we’ve probably penetrated more than the bears would have wanted during this snap back. A retest of the accelerated uptrend usually takes... View the full post at http://blog.t3live.com

Amylin (AMLN) and American Capital (AGNC) highlight the post market activity

Published on 2012-03-08 07:12:45

Earnings stocks to watch for: (FTK) (SQNM) (CWTR) (HRB) (HOTT) (JMBA) (KFY) (KTOS) (MW) (MYRG) (MODL) (PLL) (SMTC) (SIGM) (SQNM) Men's Wearhouse (MW): Reports Q4 adjusted EPS (5c), consensus (13c) Sliding 3% in After-Hours - Just Shy on Q4 Sales Covidien Peripheral Vascular Stent System (COV): FDA Approves EverFlex Stent System American Capital Agency (AGNC): Down 2% Announces Stock... View the full post at http://blog.t3live.com

Tech Leads Market Comeback, but Still a Lot to Prove

Published on 2012-03-07 15:41:03

The market recovered some of yesterday's losses, buoyed by a positive ADP jobs report, progress on the Greece debt swap and suggestions from the Fed that they could begin another bond-buying program if economic growth remains slow. The Nasdaq was the strongest index, gaining 0.87%. The S&P nearly hit the 25% retacement of the recent rally with yesterday's sell-off, a natural place for... View the full post at http://blog.t3live.com

Pandora (P) Drops 25% After Missing EPS, Revenue, Guidance

Published on 2012-03-07 07:46:16

ADP Employment Change 216K vs 218K. S&P Futures up .003% with minimal movement on the ADP in the pre-market Pandora Media (P): EPS ($0.03) vs ($0.02), Revs $81.3 mln vs $83.02 mln estimate. Looks like they are warning on guidance, very negative report. Stock trading off $2.40 at $12.25 in the post market. Down another $1.50 this am in the pre market. Heavy oprtion activity on the... View the full post at http://blog.t3live.com

Market Looks to Recover From Worst Loss of 2012

Published on 2012-03-07 07:15:59

Futures up this morning after the markets experienced their worst fall of 2012 on Tuesday. The Dow had yet to register a triple digit loss this year, and yesterday fell more than 200 points. Private bondholders have yet to agree to terms of a debt swap with Greece, and have until Thursday to do so before triggering a messy default. European markets are mostly higher today, possibly anticipating a... View the full post at http://blog.t3live.com

Dow Tumbles 200 Points to Erase Weeks of Gains, Where Do You Look to Buy Back?

Published on 2012-03-06 15:09:44

The market had by far its worst day of 2012 with the Dow falling more than 200 points. Stocks had been on a relentless charge in 2012, with indices hardly even testing their 10-day moving averages, but today's sell-off is a reminder of how quickly gains can disappear. Downside action over the past three days in the S&P, most of which came today, erased nearly all of February's methodical... View the full post at http://blog.t3live.com

See if Previous Support Becomes Resistance

Published on 2012-03-06 09:53:01

Markets started the day with one of the biggest down opens of the year (after closing below it’s 10day moving average yesterday). It continued in that direction for the first 30 minutes. 1346 is the low of the morning as of now. The bigger support stands at 1338-1342. If this market tries to rally, see if 1352-1354 contains it as resistance. Weaker groups like the IWM,... View the full post at http://blog.t3live.com

Fundamental Point Sheet - March 6, 2012

Published on 2012-03-06 08:06:33

We are starting the Fundamental Point Sheet to use as a point of reference for stocks that are looking interesting on a valuation basis as well as from a technical point of view. The list will be composed of 11 names initially that are priced below our fair valuation target, based on a blend of relative value and discounted cash flow (DCF) analysis, we will raise the list to 20 as prices and... View the full post at http://blog.t3live.com

Apple (AAPL) Price Target Raised to $710 at Barclays

Published on 2012-03-06 08:01:21

Apple (AAPL): price target raised to $710 from $630 at Barclays Qualcomm (QCOM) Hikes Dividend, Sets New $4 Bln Stock Buyback Program - Shares Just Higher in Pre-Market Nutri Systems Inc. (NTRI): Nutrisystem Cut To Hold From Buy By Auriga. NTRI Halted pre EPS release. Posts Mixed Q4 Results. Applied Materials (AMAT) Raises Dividend To 9c From 8c. Announces $3B Shr Repurchase... View the full post at http://blog.t3live.com

Futures Fall Hard on Renewed Greece Concerns

Published on 2012-03-06 07:40:17

US stock futures are down are 0.9% Tuesday, following through on yesterday's underlying weakness. The never-ending Greece saga is plaguing the market once again amid renewed concerns that the nation and its bondholders may not meet an imminent deadlines to complete a debt swap. The possibility of a default is still on the table, which would likely lead to damaging contagion in Spain and Italy.... View the full post at http://blog.t3live.com

Apple (AAPL) Drop, China News Rattle Market

Published on 2012-03-05 15:21:23

The market saw some of the heaviest selling of 2012, but was able to pare losses and close well off the lows. We did close below the 10-day moving average barely, which could potentially signal a short-term composure change. Tomorrow's session will be key. It's amusing, and a testament to the underlying strength in this market, that we are talking about rare weakness on a day when the Dow... View the full post at http://blog.t3live.com

China Lowers GDP Forecast for 1st Time in 7 Years

Published on 2012-03-05 10:14:56

S&P Futures off 6 at 1362.80 at 6:30 am est. China lowers its GDP forecast for the first time in 7 years. Futures bounced a bit into the open, but the market is selling off in this morning session. Pandora (P) Upgraded at Steifel Nicholas. Traded up .44c in the pre market and has been strong. Zynga (ZNGA) Downgraded - Off .57c in pre 8 am trading. J.P. Morgan Securities Inc.... View the full post at http://blog.t3live.com

Market Bending, and Close to Breaking

Published on 2012-03-05 09:58:02

The S&P opened above the 10-day moving average after spending time below it in the overnight futures market. After about 40 minutes of trading it slipped below 1366. The longer it stays below 1363-1364 the higher the probabilities for more downside action. Today’s close will be important. The 20day moving average stands around 1358. We do have a cluster of support in... View the full post at http://blog.t3live.com

Trend is Your Friend, Watch Social Networking Stocks Ahead of Facebook (FB) IPO

Published on 2012-03-05 07:47:14

The market has been on a steady, methodical march in 2012, rewarding traders and investors looking to hold swing positions until a major market composure change. Technical traders should never look to make blind predictions, but rather always wait until there is a major technical signal to switch gears. "The trend is your friend" is one of the only trading cliches worth paying attention... View the full post at http://blog.t3live.com

Futures Slip as China Slashes Symbolic Growth Target

Published on 2012-03-05 07:17:14

US stock futures are lower Monday morning after China lowered its economic growth target. The symbolic 8% growth rate has been targeted for the past eight years in China, but over the weekend they lowered that rate to 7.5%. Chinese Premier Wen Jiabao said the country will transition to focusing on higher-quality economic development with greater internal consumption and service industries.... View the full post at http://blog.t3live.com

Trend Remains Intact, but Pockets of Weakness

Published on 2012-03-02 15:06:47

The market fell slightly Friday, but nothing to cause any concern for bulls who have lived a charmed existence in 2012. The Dow dropped only 0.02% while the Nasdaq fell 0.43%. The steep uptrend remains intact, with the S&P above the 10-day moving average. Wednesday we saw some more aggressive selling, but the market rebounded the following day to put to rest any suggestion of an imminent... View the full post at http://blog.t3live.com

Market Holding in Tight Range

Published on 2012-03-02 09:59:20

Indices in a tight range today as it’s been a long week. Markets are doing some work above the recent upper floor SPX 1363-1367. The Range of the SPY to trade against is $137.40-137.82. The 10day moving average is $136.95. Lots of different strategies continue to trigger and take place. Casinos presented tremendous opportunity this week (and the last two years),... View the full post at http://blog.t3live.com

European Growth Concerns Weigh on Futures

Published on 2012-03-02 08:17:54

US stock futures point to a lower open after some soft news out of Europe raising some slow growth concerns. Yesterday’s action was impressive based on Wednesday’s distribution day as this market continues to be very resilient. Banks ignited yesterday, which was a big boost for the market. Lots of trades in many different sectors continue to work on a rotating basis. Typically when we get to... View the full post at http://blog.t3live.com

Market Shrugs Off Oil Spike, Yesterday's Decline

Published on 2012-03-01 15:03:20

Stocks held higher all day Thursday, starting March on a positive note and allaying fears that yesterday's reversal would lead to something more. The market took a quick, but brief, dip after the 10am ISM survey, which came in light of expectations. Weakness was short-lived, however, and stock continued their climb until early afternoon. Indices closed strong in the last twenty minutes after... View the full post at http://blog.t3live.com

Starbucks (SBUX) and Dunkin' (DNKN): Looking for a Jolt

Published on 2012-03-01 07:55:07

Starbucks (SBUX) has been in a nice uptrend over the last year, but is now consolidating at upper levels. SBUX looks ready, after a rest, to break out to new highs. Mark Sebastian over at Options Profits will be looking to make a directional bet with straight calls. In the same sector, Dunkin Donuts (DNKN) has a nice descending channel that, if broken to the upside could trigger a big... View the full post at http://blog.t3live.com

Market, Gold Looking to Shake Off Leap Day Selling

Published on 2012-03-01 07:35:31

Futures are bouncing a bit this morning after yesterday’s rare 2012 distribution day. When you get a “day to take notice” it is important to take note of the action over the next few sessions. Often they can lead to more weakness, but sometimes it’s just a down day in a very strong trend, which is what we have seen this year so far. What this type of day should do, is just wake you up a bit... View the full post at http://blog.t3live.com

Finisar (FNSR) Misses and Guides Lower

Published on 2012-03-01 07:30:22

Post Market Events of note: Slow night overall with the exception of Finisar (FNSR), good trade-ability and trend Finisar Corp. (FNSR): Misses on EPS and guides lower. Reports q3 eps 9 cents vs .23 c. Thick trade able, on the radar for tonight and tomorrow pre market, guarding for any-list action. Trades off in the post market on solid volume, compresing lows at 18.51 at 4:18pm... View the full post at http://blog.t3live.com

Gold Sell-Off Highlights Intraday Reversal

Published on 2012-02-29 15:42:52

The S&P pushed through yesterday’s high of 1373 in the morning, went as high as 1378, and then reversed harshly to close back below. If you look at the candle from January 26th- we pushed through previous highs of 1328 to 1333 and closed below it, this led to the longest three day correction this year (about 30 handles). We could be in for a similar type pull-back after all of the... View the full post at http://blog.t3live.com

Tricky Spot: Cover or Add to Hedges?

Published on 2012-02-29 10:13:45

This is the tricky spot we’ve been in a few times as we’ve traveled this accelerated uptrend. Since December 20th we’ve seen this action a few times! Market pulls in: Do you cover hedges and add to longs? Or do you take some risk off and add shorts/hedges? So far each time you cheated and anticipated break of this trend, it’s been painful or choppy. You probably give back... View the full post at http://blog.t3live.com

Futures Climb After ECB Refinancing Operation

Published on 2012-02-29 07:45:58

Round two of cheap money from the ECB took place with high demand, and futures are slightly higher as a result. The take up was around 529.5 Euros, a bit more than expected. Some this say this is a sign of weakness, but I think these banks are just taking cheap money for 3 years to give them some extra insurance. (wouldn’t you?). Back in December I pointed to the first round and talked... View the full post at http://blog.t3live.com

Casino Stocks in 2012: Las Vegas Sands (LVS) Holding the Best Hand (from JIM CRAMER'S MAD MONEY)

Published on 2012-02-28 16:57:23

I’ve been trading the casino stocks as a group since I first spoke about them breaking out back in March of 2010. They provide tremendous opportunity from an active trading perspective. Traders love when stocks trade as a group, when you can look to other stocks in the same sector to give clues to speed and composure. Sometimes stocks can develop long-term trends to swing trade... View the full post at http://blog.t3live.com

First Solar (FSLR) Reports Big Miss After Being Halted Ahead of Big EPS Report

Published on 2012-02-28 15:45:29

First Solar (FSLR): Halted prior to EPS - Sympathy names (YGE) (LDK) (JKS) (JASO) 25 % short interest> FSLR reports $1.26 diluted, faily big miss. First Solar lowers 2012 sales outlook to $3.5B-$3.8B from $3.7B-$4B Feb 28 at 16:29 Other Post Market Headlines - active movers: Kodiak Oil & Gas (KOG) misses by $0.10, misses on revs (Stock Price: 10.32 Change: -0.21) Feb 28 at... View the full post at http://blog.t3live.com

A Close Above Dow 13,000 and S&P 1370: What Does It Mean?

Published on 2012-02-28 14:22:48

Here is the link to today's CNBC Street Signs segment with Amanda Drury. Back in October 2011, I stated that the Outside Reversal on October 4th could be the most important day of the year for the market. It turned out to be the bottom. When the S&P was 1200ish I stated my belief that we can see 1250-1300 by the end of 2011. We hit 1292. During the last week... View the full post at http://blog.t3live.com

Market Set to Open Above Key Levels, Can They Hold?

Published on 2012-02-28 07:07:19

US stock futures are pointing higher Tuesday morning, with S&P futures set to open up above the 2011 highs of 1370. Lower oil prices and hope for a longer-term liquidity operation by the European Central Bank are boosting risk appetite this morning. The German Bundestag approved the second Greek bailout, clearing one of the final hurdles for the rescue. After days of dancing... View the full post at http://blog.t3live.com

Priceline (PCLN), Jazz (JAZZ) Report Solid Earnings, MGM Lower on Block Trade Just Before Bell

Published on 2012-02-27 15:51:22

Priceline.com Inc. (PCLN): Beats and guides higher. Beats by $0.33, beats on revs; guides Q1 EPS above consensus Colfax Corporation (CFX): Announces Public Offering of Common Stock Feb 27 at 16:02. Offering 7,000,000 shares. CFX grabbed 34 in the post market after the headline, looking to watch for a upside fill Lufkin Industries (LFK): Announces Public Offering of Common Stock Feb 27... View the full post at http://blog.t3live.com

Dow Pokes Head Through 13,000 but Again Can't Close Above

Published on 2012-02-27 15:13:17

The Dow poked its head back through 13,000 Monday but again failed to close above that key psychological level. Considering the lower open, though, bulls have little reason to complain about today's action. The S&P 500 finished 2 points higher after opening almost seven handles lower, while the Dow fell marginally at 0.01%. Improved consumer sentiment and better pending home sales... View the full post at http://blog.t3live.com

SPY Holds 10-Day Moving Average Like Clockwork

Published on 2012-02-27 13:38:37

This morning we talked the importance of the 10-day moving average in the SPY of $135.79. The low of the day as of now is $130.80. The 10-day MA on the S&P 500 is 1358. The low of the day was 1354, which we touched briefly. This trend continues. It’s always hard to follow it “in the moment,” but until it changes you have to trust it. Right now the Dow is trying to hold 13,000... View the full post at http://blog.t3live.com

Dendrion (DNDN) up $1.10 at $16 on a solid earnings beat

Published on 2012-02-27 08:16:57

Dendrion (DNDN): Beat by .07. $16 bid up $1.10 in early pre market trading. Breaking out of its short term daily range. SPDR S&P 500 ETF (SPY): Trading off 1/2% in early pre market trading. Using this overall weakness to identify strength in equities. AutoZone Inc (AZO): CNBC's Cramer pumped up the name on his Friday evening broadcast. Up $3.5 on extremely light UN-tradeable... View the full post at http://blog.t3live.com

Watch Short Term Composure: 10day Moving Average is Still Important

Published on 2012-02-27 07:36:51

DOW 13,000 and SPX 1370 proved to be tough obstacles last week. Last week we tested them a few times but failed to close above. Market volume has been light but we still see constructive action. Nice rotation and sporadic break outs. Oil and other commodities were strong last week and broke higher, with some select leaders. Today, we come in and the futures are down 6-7... View the full post at http://blog.t3live.com

(CIE) prices 53 million shares $1.00 in the hole from last nights closing price.

Published on 2012-02-24 09:08:43

Cobalt International Energy (CIE): Prices 52 mln shares of common stock at $28.00 per share (Stock Close Price: 29.09) Feb 24 at 02:03. Stocks is trading off the low 28 level at 28.42 in the early pre market. Watching for a fill to the upside. Shorts yesterday into this pricing worked very well as the stock trended lower having a $1.50 intra day range. American International... View the full post at http://blog.t3live.com

Dow Looks to Make Another Run Above 13,000

Published on 2012-02-24 08:04:15

US stock futures point modestly higher Friday, looking to engineer a close above the psychological Dow 13,000 level. Earlier in the week the index pushed above that level but couldn't hold, which is not unusual at the first pass. Bears could be heard calling a double top, but a strong close today would shut the door on that interpretation of the action. We have been unable to get any... View the full post at http://blog.t3live.com

Vivus (VVUS) Drug Approval Highlights Pre-Market Action

Published on 2012-02-23 09:08:35

Vivus (VVUS): 4 pre market upgrades. VIVUS jumps after FDA panel vote, resistance at $21.61, last seen in 1997 Sympathy Symbols: Orexigan (OREX), Arena (ARNA). Arena Pharmaceuticals (ARNA) is on lows pre open .30c off highs. VVUS trading pre market in the middle of its range. Should have good intra day range and liquidity. Hewlett-Packard (HPQ): Decent eps and... View the full post at http://blog.t3live.com

Stocks Rebound from Small Pocket of Selling

Published on 2012-02-23 07:40:00

US stock futures are higher Thursday morning, rebounding from Wednesday's pocket of weakness. The market has been on a relentless charge in 2012, up 8% so far, so yesterday's pocket of selling was not surprising or alarming for bulls. Some healthy digestion would be a positive for many bulls, who would prefer to buy back into size at slightly lower prices. Jobless claims this morning had little... View the full post at http://blog.t3live.com

Market Just Resting After Strong 2012 Start

Published on 2012-02-22 15:07:58

US markets declined Wednesday, but there was no real cause for alarm for the bulls. Selling remained very controlled and bullish composure remained intact. With the Greece news out of the way and little in the way of catalysts in the near future, the market could be due for a rest of slight corrective action over the next few sessions. The S&P is up 8% so far in 2012, so some consolidation is... View the full post at http://blog.t3live.com

Market Looks to Hold Support Levels as Futures Lower

Published on 2012-02-22 07:37:35

US stock futures are off a bit this morning after some soft economic data out of Europe. A purchasing managers survey in the Euro zone showed an unexpected contraction in the economy in February. Markets typically find sellers at big psychological levels like Dow 13,000 or S&P 1370. Usually we don’t just bust through them at first attempt, especially after the upside we’ve already... View the full post at http://blog.t3live.com

Futures See Muted Reaction to Greek Deal

Published on 2012-02-21 07:33:26

Stock futures point to a slightly higher open Tuesday morning following the long holiday weekend in the US. After a weekend of banter in Europe, the parties finally got a satisfactory deal done in Greece that will prevent a default on March 20. China also announced monetary easing plans. Sunday night the futures were up 8+ handles, but have been fading each day. Right now they are up... View the full post at http://blog.t3live.com

Join T3Live at the Trader's Expo This Weekend

Published on 2012-02-17 15:04:49

US markets were mixed and very quiet Friday ahead of Options Expiration and the long President's Day weekend. The Dow and S&P posted marginal gains while the Nasdaq slumped to a small loss. Stocks stagnated in a small range for most of the week, and saw some weakness on Wednesday that could have been a small complexion change, but Thursday's bounce sent the market back to new highs for the... View the full post at http://blog.t3live.com

Typically Quiet Day Ahead of Options Expiration

Published on 2012-02-17 10:05:04

So far it has been a very slow day in the market, which is Option Expiration usually is! The S&P needs to do some work above the 1353-1355 as this prior resistance could serve as new support. We can hit 1345-1348 and still be intact. Apple (AAPL) is still up 3 bucks. It will be interesting to see if they pin at $500—if you are playing for that. You could short here $505.50... View the full post at http://blog.t3live.com

Futures Rise as Investors Remain Hopeful Over Greece

Published on 2012-02-17 08:11:49

US stock futures are slightly higher Friday as investors continue to hold out hope the all issues in Greece will be ironed out quickly. The wrangling continues over economic reforms and austerity measures. Core CPI met expectations this morning at 0,2%, not throwing the market any curveballs. The question is whether the market can continue to climb over the weekend if Greece and European finance... View the full post at http://blog.t3live.com

Market Roars to New 2012 Highs to Negate Wednesday's Sell-Off

Published on 2012-02-16 15:45:49

The market staged an impressive move to new highs for the year Thursday, rebounding from Wednesday's sell-off. Yesterday we saw what could have been a minor composure change with the first close below the 10-day moving average in eight sessions, but once again the bulls stepped in to frustrate anyone who was trying to get short this market. Apple (AAPL) gapped down after yesterday's big... View the full post at http://blog.t3live.com

Short-term Uptrends Under Pressure as Greece Bailout Back in Limbo

Published on 2012-02-16 07:24:19

US stock futures are slightly lower Thursday morning amid renewed uncertainty about the Greek bailout. The on again, off again negotiations regarding austerity measures and financial reforms still haven't produced a result that European finance ministers are happy with. The Euro fell below the $1.30 level vs the dollar overnight as some expect to Greece to ultimately exit the Euro... View the full post at http://blog.t3live.com

Harsh Apple (AAPL) Reversal Weighs on Market, S&P Closes Below 10-Day Moving Average

Published on 2012-02-15 15:36:38

The market opened higher Wednesday, but was unable to hold onto those overnight gains. The Dow fell the hardest, losing 0.76%. Fed minutes became the excuse for profit taking, as they revealed little support for QE3 in the last FOMC meeting. Improving US economic data and a strong market have rendered another bond buying program unnecessary for the time being. After a strong run, though,... View the full post at http://blog.t3live.com

VIX Surging Despite Market Holding Positive

Published on 2012-02-15 09:56:21

Indices opened up above the recent highs and dribbled below them in the first hour. In the S&P, 1354 has been the pivot high. Today we opened up above it and now sit around 1350. It's still been hard to add to winning trades for momentum, making it hard for traders. You get some action here and there but it’s much more selective than what we saw in January. There is a divergence... View the full post at http://blog.t3live.com

Market Cheers China Plans to Support Euro Bailout Fund

Published on 2012-02-15 07:10:01

US stock futures were up more than a half percent Wednesday morning, building off of yesterday's late afternoon reversal. Triggering the move are comments from the People's Bank of China Gov. Zhou Xiaochuan that the his country will be looking to build its investments in Europe to help out with the mounting sovereign debt crisis. His comments echoed statements by Chinese Premier Wen Jiabao that... View the full post at http://blog.t3live.com

No Matter Your Timeframe, and Use Technical Analysis to Follow the Trend

Published on 2012-02-14 16:03:09

(The following analysis was shared last night on Jim Cramer's Mad Money show. You can SEE THE SEGMENT here from CNBC.) In today's stock market, there are too many trading/investing cliches thrown around. There are only a few you should pay attention to, in my opinion. The most important one for me is the "trend is your friend." Human behavior, and market cycles,... View the full post at http://blog.t3live.com

Stocks Stage Furious Late Rally to Take Dow, Nasdaq Green

Published on 2012-02-14 15:29:12

The market staged a furious rally in the last half hour of trading, the Dow and Nasdaq narrowly recovering into positive territory. Both indices were down almost a percent at 3.30 ET before the late buying came in to the rescue. There was no major discernible catalyst for the late move; perhaps traders were just feeling sentimental on Valentine's Day. Resilient remains the word in this market,... View the full post at http://blog.t3live.com

Daily Recap: Bulls Remain in Charge

Published on 2011-07-05 16:12:00

Markets end the day mixed as the PowerShares QQQ Trust ETF (QQQ) up 0.46%, again showed relative strength finishing green on the day, while the SPDR S&P 500 ETF down 0.1%, and the SPDR Dow Jones Industrial ETF (DIA) closed flat, as they failed ho

Mid-day Update: Commodities and tech take markets into positive territory

Published on 2011-07-05 13:07:00

US markets look to turn positive in the afternoon trading, as the indices saw some early profit taking after 4 consecutive positive sessions last week. The PowerShares QQQ Trust ETF (QQQ) continues to outperform, up half a percent, even as the SPDR D

Weekly Preview July 5th 2011 - Barrons Update

Published on 2011-07-05 08:13:00

While US traders were enjoying a three day weekend, Europe and Asia were business as usual. The Nikkei is flirting with 10,000 once again as the pro risk rally has lifted all boats. The European Continent saw bourses up between 1/2 and 3/4 of 1% as

Markets Opening Near Flat After Strong Week

Published on 2011-07-05 07:34:00

Overseas markets remained relatively unchanged yesterday while US markets were closed for the Independence Day holiday. Asian markets are slightly negative in early trading, with the MSCI Asia Pacific down 0.3% after Moody’s Investor Service report

What It Means to be a "Modern Trader": A New Book from T3Live.com

Published on 2011-07-01 10:51:00

What does it mean to be a 'Modern Trader'? A new book from T3Live.com takes a look into the evolution of the stock market, and more specifically the anatomy today's market participants. The book is titled, "The Modern Trader: Wall Street Traders Reve

PHOTOS: T3Live's Trading on the Floor: An Exclusive Evening on the Floor of the NYSE

Published on 2011-07-01 08:55:00

An exciting event we hosted on the floor of the New York Stock Exchange on June 16, 2011. The event, “Trading on the Floor”, was not only fun and an action-packed night, it was a great chance to network with experienced professional traders. F

Was This Week's Rally Anything More than 2nd Quarter Window-Dressing?

Published on 2011-06-30 15:34:00

The rally has now reached Day 4, and the strength and quickness of the move has caught a lot of people off-guard, including yours truly. The bounce has been 50-60 handles over the course of 4 days, which nearly erased all of the grind-lower losses we

Selling the Bubble and Buying the Rubble, with Ed Matluck

Published on 2011-06-30 08:54:00

Ed Matluck, the founder and President of HedgeMetrics and Director of research at Navigator Capital joins us at T3 Live. It has been a tug of war between the Bulls and the Bears with the Bears having their way in June until this week. By manag

Market Looks to Continue Strong Finish to Q2

Published on 2011-06-30 07:17:00

The markets have had a very nice three-day move into the end of Q2, and futures are set to open higher once again this morning. While the rally started in earnest this week, the importance of last Thursday's reversal cannot be understated. Up to that

Market Cheers Greek Deal, Credit Cards Jump on Debit Card Rules

Published on 2011-06-29 15:52:00

Markets continued to bounce Wednesday on the back of Euro strength resulting from the passage of austerity measures by Greek lawmakers. The austerity measures, a requirement from the EU-IMF for any further bailout tranche, stirred violent protests in

Market Surges Again After Quick Rinse

Published on 2011-06-29 10:00:00

The SPDR S&P 500 ETF (SPY) was as high as $130.88 pre-market, but it was a classic case of buy the rumor after the Greek austerity deal passing became official. SPY it traded as low as $129.70 before rallying. It was a nice short the open for a t

Freeport-McMoRan (FCX) Looks Ready to Break Out of Downtrend

Published on 2011-06-29 08:11:00

While looking at my charts last night I came across FCX on the long side. I believe that if you can buy FCX between $50-51 and give it a stop at $49 you have potential upside to $56. There could be potential resistance at the 200 day moving average

Rally Enters Day 3 as Greek Deal Appears Imminent

Published on 2011-06-29 07:27:00

US stock futures are sharply higher Wednesday morning as it looks increasingly likely that Greek lawmakers will improve austerity measures in order to pave the way for another bailout package. This is now Day 3 of the rally, the strongest bounce we h

Market Bounce Continues Ahead of Greek Austerity Vote

Published on 2011-06-28 15:59:00

US markets had another strong day, with investors apparently feeling optimistic that Greek lawmakers are close to a deal that would pave the way for another bailout tranche. Tech stocks once again led the way, while the Russell also joined the party,

T3 Live Releases New Book "The Modern Trader"

Published on 2011-06-28 14:41:00

T3 Live is excited to announce the release of our new book, The Modern Trader on July 13, 2011. Pre-orders are available now. Order your copy today! We also want to invite you to our FREE book signing party on July 13th at 5:30pm EST at Trinity

Trying to Improve Your Quarterback Rating

Published on 2011-06-28 14:19:00

Apologies in advance to everybody that does not follow football- but understanding the quarterback rankings- and comparing it to trading and investing can be very enlightening in many ways. First, if you are trading for a QB, looking at their rank

Looking at Buys in Under Armour (UA) and VirnetX (VHC)

Published on 2011-06-28 07:52:00

1) Under Armour, Inc. (UA) up on the heels of great Nike, Inc. (NKE) earnings, I'm looking for a trade above $75 on with a hold on a 5 minute basis. Ultimately I'm looking for an ultimate move back to $80. For a day trade can probably see $77-77.50 t

Euro Holds Higher vs Swiss Franc

Published on 2011-06-28 07:43:00

The Euro matched its high of the day from Friday versus the Swiss Franc, hitting its first resistance point versus the dollar. Since that time it has barely budged. The SPY & DIA both failed to completely fill a bearish gap from Thursdays

Tread Lightly Ahead of Greek Vote

Published on 2011-06-28 07:24:00

The S&P’s held their 200-day moving average again yesterday as tech led the way. Perhaps this the beginning of week-long window dressing at the end of Q2? This morning US stock futures are flat, and much of the action today will likely be dicta

Tech Leads Strong Bounce Into Greek Vote

Published on 2011-06-27 16:02:00

The Nasdaq was the strongest of the major indices Monday, leading another big bounce to kick off the final week of Q2 2011. It has been a tough quarter for stocks, but it seems the powers-that-be may want to mark stocks higher to level out some losse

Market Bounces Off 200-Day

Published on 2011-06-27 09:49:00

They tried to push the S&P’s down off the open, but again that $126.60 area held yet again on the SPDR S&P 500 ETF (SPY). The stocks that lead last Thursday’s reversal all were too strong to let the market break down. These stocks are act

Timing Could Be Right for Wynn (WYNN) Short

Published on 2011-06-27 08:17:00

Last week I mentioned a short setup developing in Wynn Resorts, Limited (WYNN) and mapped out a trading scenario that I believed at the time was the right way to view the trade. The reality with trading is that while you may have the right idea, timi

Weekly Preview June 27-July 1

Published on 2011-06-27 07:53:00

Insight provided by Eric J. Schumacher (Floor Chatter) & Tim Kelleher Another 48 hour pass is up and the markets will have to get back to figuring out its next move. Developments globally are quickly coming to a crescendo. The interesting th

Can Market Bounce Into End of Q2?

Published on 2011-06-27 07:36:00

US stock futures are marginally higher this morning ahead of what should be a very interesting week in the market. This week marks the last trading week of the 2nd quarter, so it is possible we could see the market get marked up at all. If the market

Market Turns Lower Despite EU-Greece Deal in Place

Published on 2011-06-24 15:47:00

After news came through yesterday afternoon that Greece and the IMF-EU had agreed to austerity measures as part of a bailout package, markets got a big boost. But that enthusiasm didn't last long. Fear over Italian banks caused major sell-offs in the

Is the Retail Consumer Tapped Out?

Published on 2011-06-24 11:31:00

I saw something before I knew what trading was- and bought Heinz at 8 years old… NYC fashion aficionado and my #1 retail analyst, Whitney Gustofson, joins us again at T3 Live to see if her knowledge of trends can help her, and us, in the stock m

A Luxury 'Experience' With Louis XIII (from the Wall Street Journal)

Published on 2011-06-24 10:33:00

http://online.wsj.com/article/SB10001424052702304569504576403940429924706.html Major companies want to treat customers to an 'experience' these days. Hence, the Grande Champagne Cognac Louis XIII has opened a 'Legacy Experience' in a store in SoH

Scott Redler on CNBC Asia: More Money to Enter US Markets

Published on 2011-06-24 08:12:00

*DISCLOSURE: No relevant position This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or inst

Parallels Between Poker and Trading

Published on 2011-06-23 16:15:00

When I speak to audiences about my approach to trading, I like to use a blackjack analogy to describe my approach. When you're trading, you always have to trade with an edge. You can't get to the point where you are simply making gambles, but rather

News of EU-IMF Greece Agreement Boosts Market

Published on 2011-06-23 15:43:00

Ben Bernanke's press conference yesterday spooked the market, as the fearless Fed Chairman seemed out of answers for the struggling economy. After coming into much criticism for his massive quantitative easing packages, Bernanke will likely not take

Market in Limbo After Bernanke Fails to Deliver for Bulls

Published on 2011-06-23 07:23:00

US stock futures point to a lower open on Wall St after the market weakened last in the day. Market savior Ben Bernanke was not able to muster any words to provide encouragement for ravenous bulls, rather affirming the FOMC's decision to end QE2 and

Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates

Published on 2011-06-22 16:04:00

The market was unable to build on yesterday's strong oversold bounce, turning lower in the afternoon after Ben Bernanke's Fed policy press conference. The FOMC voted unanimously to end the $600 bond buying package famously dubbed QE2, and maintained

Humana (HUM) Could Work Its Way to $90 Area

Published on 2011-06-22 07:55:00

A sector that has managed to stay extremely strong throughout the recent market pullback is healthcare. When searching though the healthcare stocks the best of breed is clearly Humana Inc. (HUM). HUM broke out to new 52 week highs yesterday, which

Can Market Build on Oversold Bounce?

Published on 2011-06-22 07:21:00

US stock futures point to a slightly lower open Wednesday but are paring losses as we edge closer to the open. Markets had a powerful day yesterday, finally getting the powerful oversold bounce that could put us into a new fledgling uptrend. When bea

Market Stages Impressive Oversold Bounce Ahead of Greek Vote

Published on 2011-06-21 15:42:00

The market finally got the blast off bounce traders had been waiting for at the drastic oversold levels. When bearish sentiment reaches climactic levels (the put-call ratio reached its highest level since S&P 666), the next bounce is always a fer

Riding the Waves of the Market

Published on 2011-06-21 13:29:00

Is the tide coming in or out? Are the waves big? Where are the rocks? When you are in sync with the market- relaxed and engaged, catching a move in a stock is easy. When a wave sets up nicely, you just need to go with the flow- right Markus? When

Market Bouncing as Greece Nears Rescue Deal

Published on 2011-06-21 07:18:00

Futures are pointing to a higher open on Wall St Tuesday as Greece inches closer to an agreement for the next round of funding from the EU. Although yesterday the market bounced, it certainly didn't feel like it. Leading momentum stocks continued to

Lack of Leadership Plagues Weak Market

Published on 2011-06-20 15:33:00

US markets closed higher Monday, but the action certainly was not the ferocious oversold bounce many have been expecting. Even despite climactic bearish sentiment, the reversal has not yet come, due in part to a clear lack of leadership. Apple Inc. (

Lack of Leadership Plagues Weak Market

Published on 2011-06-20 15:33:00

US markets closed higher Monday, but the action certainly was not the ferocious oversold bounce many have been expecting. Even despite climactic bearish sentiment, the reversal has not yet come, due in part to a clear lack of leadership. Apple Inc. (

The Difference Betweem a Boxer and a Puncher

Published on 2011-06-20 13:55:00

Whether you are a trader of stocks or an investor in stocks- you need to take different approaches. To me it is almost like the difference between a boxer and a slugger. A trader that is looking for singles is like a “boxer” that uses jabs. He

The Difference Between a Boxer and a Puncher

Published on 2011-06-20 13:55:00

Whether you are a trader of stocks or an investor in stocks- you need to take different approaches. To me it is almost like the difference between a boxer and a slugger. A trader that is looking for singles is like a “boxer” that uses jabs. He

More Downside Possible in WYNN, CMG

Published on 2011-06-20 07:54:00

Wynn Resorts Limited (WYNN) looking for continuation out of this consolidation pattern. The stock put in a little gap up on Friday of last week into a declining 8ema and saw nothing but selling all day long from that point. Aggressive traders can l

More Downside Possible in WYNN, CMG

Published on 2011-06-20 07:54:00

Wynn Resorts Limited (WYNN) looking for continuation out of this consolidation pattern. The stock put in a little gap up on Friday of last week into a declining 8ema and saw nothing but selling all day long from that point. Aggressive traders can l

Bearish Sentiment Reaching Climactic Levels

Published on 2011-06-20 07:23:00

US stock futures once again point to a lower open, currently sitting barely above last week's low. With more weakness over the weekend, the market is coming into a crucial area. The S&P now looks set to bump into its 200-day moving average, while

Bearish Sentiment Reaching Climactic Levels

Published on 2011-06-20 07:23:00

US stock futures once again point to a lower open, currently sitting barely above last week's low. With more weakness over the weekend, the market is coming into a crucial area. The S&P now looks set to bump into its 200-day moving average, while

Time to Look at Longer-Term Support Levels in Heavy Market

Published on 2011-06-17 15:29:00

US markets closed higher Friday ahead of quadruple witching, but the action still was not promising for bulls. After a gap up stocks sold off for most of the day before rallying into the close. Yesterday's reversal held, but traders are not aggressiv

Time to Look at Longer-Term Support Levels in Heavy Market

Published on 2011-06-17 15:29:00

US markets closed higher Friday ahead of quadruple witching, but the action still was not promising for bulls. After a gap up stocks sold off for most of the day before rallying into the close. Yesterday's reversal held, but traders are not aggressiv

Last Nights Noteables, Upgrades Downgrades of Note

Published on 2011-06-17 08:18:00

GenMark Diagnostics, Inc. (GNMK) offering of 7,065,600 shares of its common stock at a price to the publicof $4.25 per 8:30a (T3) Tim_K: Merit Medical (MMSI) Offering Mitchum Industries (MIND) offering - Hearing its comi

Last Nights Noteables, Upgrades Downgrades of Note

Published on 2011-06-17 08:18:00

GenMark Diagnostics, Inc. (GNMK) offering of 7,065,600 shares of its common stock at a price to the publicof $4.25 per 8:30a (T3) Tim_K: Merit Medical (MMSI) Offering Mitchum Industries (MIND) offering - Hearing its comi

More Heavy Selling in Market, but Stocks Recover Into Close

Published on 2011-06-16 16:04:00

The major indices were weak again Thursday, turning sharply lower in the early afternoon through the previous low before bouncing back above before the close. The Nasdaq continued to show relative weakness while defensive stocks outperformed, continu

More Heavy Selling in Market, but Stocks Recover Into Close

Published on 2011-06-16 16:04:00

The major indices were weak again Thursday, turning sharply lower in the early afternoon through the previous low before bouncing back above before the close. The Nasdaq continued to show relative weakness while defensive stocks outperformed, continu

Market Finds Footing on Supportive IMF-Greece Comments

Published on 2011-06-16 12:21:00

The market has grinded higher Thursday, finding some footing after yesterday's big down move. The sell-off yesterday was triggered by worries about Greece, which needs another bailout package urgently. There have been riots and demonstrations in the

Market Finds Footing on Supportive IMF-Greece Comments

Published on 2011-06-16 12:21:00

The market has grinded higher Thursday, finding some footing after yesterday's big down move. The sell-off yesterday was triggered by worries about Greece, which needs another bailout package urgently. There have been riots and demonstrations in the

Who's Hot and Who's Not in the Retail Sector

Published on 2011-06-16 10:06:00

If the consumer is so tapped out, why are 3 of the top 20 relative strength groups in the Investor’s Business Daily related to retail and leisure products? The great thing about investing/trading is that your education is not the key- your adapt

Who's Hot and Who's Not in the Retail Sector

Published on 2011-06-16 10:06:00

If the consumer is so tapped out, why are 3 of the top 20 relative strength groups in the Investor’s Business Daily related to retail and leisure products? The great thing about investing/trading is that your education is not the key- your adapt

Upgrades Downgrades, Notable Events for June 16

Published on 2011-06-16 07:40:00

3 buyouts: Multiband Corporation (MBND) buying WPCS International Incorporated (WPCS) DG FastChannel Inc. (DGIT) buying MediaMind Technologies Inc. (MDMD) Energy Transfer Equity, L.P. (ETE/ETP) buying Southern Union Company (SUG) La

Upgrades Downgrades, Notable Events for June 16

Published on 2011-06-16 07:40:00

3 buyouts: Multiband Corporation (MBND) buying WPCS International Incorporated (WPCS) DG FastChannel Inc. (DGIT) buying MediaMind Technologies Inc. (MDMD) Energy Transfer Equity, L.P. (ETE/ETP) buying Southern Union Company (SUG) La

Bears in Control as S&P Approaches 200-Day

Published on 2011-06-16 07:09:00

US stock futures were higher late last night but pulled off with the Euro early this morning and now point to a slightly lower open. The mountain of problems facing the global economy and world markets continues to grow, with more concerns yesterday

Greek Anxiety Triggers 180 Point Drop in Dow

Published on 2011-06-15 15:43:00

The market showed more signs of extreme weakness Wednesday, opening sharply lower after more disappointing data, this time from the Empire State Manufacturing index. Intraday it appeared the markets would be quiet and in digestion mode, but more bad

"Staying Conscious" About Each Trade - Email from a Subscriber

Published on 2011-06-15 13:56:00

I got this email from a subscriber to the Virtual Trading Floor last week. The thoughts presented were extremely cogent, and I am glad we have been able to help someone trade better and more efficiently.We are all in this market together, and I will

Is This Downside Capitulation for Market?

Published on 2011-06-15 11:35:00

US markets looked to be digesting the big gap down this morning, but took a nose-dive starting around 11:30am ET. Investors and traders seem to be losing faith in this market after another round of dismal data this morning, highlighted by the Empire

Retail Sector Shows Relative Strength

Published on 2011-06-15 07:52:00

Retail stocks showed some relative strength on Tuesday, reversing a recent trend of weakness in the group. The Retail HOLDRs ETF (RTH) closed up 1.7% after bouncing off its 200-day moving average. In today's Morning Call, Alix Steel (fundamentals

Futures Down as Market Looks to Build on Yesterday's Bounce

Published on 2011-06-15 07:10:00

Yesterday the market gapped up and had some small follow throughout the day, but active traders hate when the high of the day is put in at 3:00, and not on the close. This type of action makes it for tough trading, meaning if you came in flat and the

Upgrades Downgrades, Notable Events for June 15

Published on 2011-06-15 06:43:00

Rare Elements (REE) Rare Element Reports Upgrade and Significant Increase at Bear Lodge - REE showing highs in the post - feels strong - this is thru the 200 day here BreitBurn Energy (BBEP) Quicksilver Resources Inc. (KWK

Market, Chinese Stocks Finally Gets Oversold Bounce

Published on 2011-06-14 15:38:00

The market finally got a meaningful bounce Tuesday, but most of the move came overnight and didn't make life easy for traders looking to capitalize on the market's oversold condition. Stocks initially pushed higher after the gap up, but faded late in

S&P Futures Up 10 Handles Ahead of Quad Witching

Published on 2011-06-14 07:13:00

Yesterday we laid out three possible scenarios for this market to bounce, and this morning it appears like the first one is playing out as we stopped in front of the 200day and are bouncing ahead of Quad Witching. S&P futures are up 10 handles th

Last Night's Noteables Events

Published on 2011-06-14 06:52:00

3 offerings last night Broadsoft, Inc. (BSFT) Announced its intention to offer, subject to market and other conditions, $100 million principal amount of convertible senior notes due 2018 in a private offering Danaher Corp. (DHR) To Offer 17

No Relief for Recent Chinese Internet IPOs

Published on 2011-06-13 15:41:00

The S&P closed narrowly higher on Monday, avoiding another day of big losses but also unable to catch a firm bid ahead of quadruple witching on Friday. With the losing streak now running on 6 weeks, many traders are looking to time a bounce that

LeBron, If You Can't Handle the Heat, Get Out of the Kitchen

Published on 2011-06-13 13:41:00

By: Scott Redler and John Darsie While it doesn't exactly relate directly to trading, after seeing LeBron James' reaction to the Miami Heat losing the NBA Finals to the Dallas Mavericks I wanted to take a moment to comment. LeBron is built lik

Buyers Hard to Find in Heavy Market

Published on 2011-06-13 11:52:00

The market is starting to trickle lower once again Monday, and there doesn't seem to be too much investors interest in buying this dip. After a small gap up, bulls have been unable to press at all, and it will likely take a more violent downside move

Amazon.com (AMZN), Pharmasset (VRUS) Look Set for More Downside

Published on 2011-06-13 07:54:00

Amazon.com, Inc. (AMZN) – spent all of last week consolidating beneath its key moving averages which forecast another move lower. We can anticipate a move down to prior minor support at 175 and than potentially to major support at 160 over time.

How Far Can the Correction Go?

Published on 2011-06-13 07:29:00

US stock futures point to a slightly higher open on Wall St this morning as traders continue to look for a more meaningful bounce then we saw last Thursday. The market completed its 6th consecutive losing week last week, and since the bearish engulfi

Upgrades Downgrades, Stocks To Watch June 13

Published on 2011-06-13 07:27:00

Lululemon Athletica Inc. (LULU) - 2 Notes - one positive one negative. Nomura Upgrades it and is giving it a price target 4 points below current price - Barron's says its overbought. Shares look overpriced, Barron's says Lululemon upgraded

Market Extends Weekly Losing Streak to 6

Published on 2011-06-10 15:34:00

The market got slammed again Friday, with the Dow down 170 points to make this the 6th consecutive losing week. Traders wondering if yesterday was the oversold bounce got their answer emphatically, and a feeble bounce it was. Since 1928, this is only

Upgrades, Downgrades Stocks to Watch June 10

Published on 2011-06-10 07:49:00

Luluemon Athletica Inc.(LULU) Lululemon athletica raises outlook - Decent raise - Also announced a split the other day - Also crossing the 50 & 21 ema at the same time. Molycorp (MCP) Early bird got the Worm in Moly! Following the pricing th

Was THAT the Oversold Bounce?

Published on 2011-06-09 15:31:00

Bounced after Jeffries came out defending The market got that oversold bounce traders have been looking for, but stocks once again sold off hard into the close, as has been fairly customary recently. Several sectors led the bounce, including agricult

Banks, Oils, Ags Lead Oversold Bounce

Published on 2011-06-09 12:36:00

The market has finally got that oversold bounce that many traders have been looking for, so far looking set to end the 6-day losing streak. With overbought conditions on the oscillator after yesterday's late day sell-off, many traders were starting t

Use Others' Emotions to Make Money

Published on 2011-06-09 10:17:00

Sell-offs create opportunity. Whether you are a trader or an investor, when fear breaks out you can make money going the other way. Many of the stocks I look at- or the indexes for that matter- all came to the “bottom of the envelop” – offer

CF Industries (CF) Looks Set to Break Out After Crop Report

Published on 2011-06-09 08:10:00

In a volatile market like this one, I like to take a step back and be extremely selective. Traders looking to buy the dip early have endured some tense moments, and I wanted no part of that trade. However, that doesn't mean I haven't been watching ch

Stocks to Watch if Market Bounces

Published on 2011-06-09 07:21:00

US stock futures point to a higher open Thursday, looking to end a 6-day losing streak. The market is very oversold at these levels, and a relief bounce would seem likely at some point in the near future. In addition to the 6-day losing streak, the m

Tonight's Notable Events June 8

Published on 2011-06-08 15:47:00

Texas Instruments (TXN) Lowers guidance - at 4:30 - Takes a $2 hit and viloat -- Revenue: $3.36 - 3.50 billion, compared with the prior range of $3.41 - 3.69 billion

Market Again Fades Late, Chinese Internet Beating Continues

Published on 2011-06-08 15:36:00

The market closed lower once again Wednesday, extending a horrid streak for stocks as summer heats up. Investors are heading to the exits and there is hardly a buyer in sight, with banks resuming their role as market dogs. The S&P is now almost c

Market Finds Footing, Oil Gets a Boost

Published on 2011-06-08 12:28:00

The market looks to finally be finding some footing Wednesday after more early weakness. Another gap down was followed by aggressive morning selling, but the market has reversed course and has since traded in a tight range. Traders are starting to te

Upgrades Downgrades, Stocks To Watch June 8

Published on 2011-06-08 07:35:00

Molycorp Inc. (MCP) Announces Proposed Offering of $200 Million of Convertible Senior Notes Due 2016Molycorp Announces Proposed Secondary Offering of 10,000,000 Shares of Common Stock CIEN Corporation (CIEN) Ciena 2Q Loss Narrows On Fewer Charge

Can Oversold Market Get a Bounce Here?

Published on 2011-06-08 07:02:00

US stock futures point to a sharply lower open Wednesday, adding to market woes since the beginning of June. The month of May brought a bearish tone to the market, but selling has accelerated as economic data points have been poor and QE2 is set to e

Bearish Close Foreshadows Deeper Correction

Published on 2011-06-07 16:16:00

For most of Tuesday, the market looked to be simply digesting recent losses and potentially staging a small oversold bounce. But the situation turned on a dime in the last 90 minutes of the session, with the market turning down sharply on heavy volum

Chinese Internet Carnage Continues, Market Stabilizes

Published on 2011-06-07 11:56:00

The market held the gap up this morning and has been trading in a tight range, relieving some pressure on this oversold market but not able to stage any sort of meaningful bounce. There have been some calculated longs and shorts on the board, but the

Bear Citing, on Wall St and in New Jersey

Published on 2011-06-07 09:19:00

Is the market rolling over for a bigger correction, or is all this bearishness a buying opportunity? That is the million dollar question. What do the internals say? This is the 8th 5% pullback since the 3/09 bottom already! A series of lower highe

Gap Up Eases Pressure on Market, Can it Hold?

Published on 2011-06-07 07:25:00

Futures are up 6-7 handles after four hard days of heavy selling. We hit 1284 yesterday and now the Oscillators are -50, which is very oversold, but not drastic! Some traders were hoping for a down open to get that “Easy Bounce” trade, but the ma

Market Slammed Again, Led Down by Chinese Stocks

Published on 2011-06-06 15:53:00

The market picked up where it left off late last week, selling off hard, down through significant support. With the end of QE2 approaching and economic data showing little sign of improvement, investors are growing skeptical of owning stocks at curre

The Jig is Up in Chinese Internets

Published on 2011-06-06 11:30:00

The market has bounced slightly off the lows after early weakness, but overall it has not been a noteworthy day for the indices. The SPDR S&P 500 ETF (SPY) held that $129.50 low from April 18th. Investors are so far just digesting the bearish act

Complexion Change in Netflix (NFLX)

Published on 2011-06-06 11:02:00

Fundamental analysts love to bash Netflix, Inc. (NFLX), and traders love to short it, but despite all the naysayers, both company and stock performance have been a big success story over the past year. Most recently talk from Facebook's Mark Zuckerbe

Baidu (BIDU) Looking Bearish Amid China Internet Mess

Published on 2011-06-06 07:57:00

Pharmasset, Inc. (VRUS) – after a 2 month base we are looking for another upside breakout through $110. VRUS has been one of the better performing stocks especially over the last 6 months and while it has appeared to run into strong resistance, we

Chinese Stocks Could See More Downside after SEC Investigation, Margin Requirements

Published on 2011-06-06 07:12:00

US stock futures point once again to a lower open on Wall St, as the extreme weakness we saw at the end of last week look set to continue. Overaggressive traders continue to be taught a lesson in summer trading, where you can't consistently chase mov

Tonight's Notable Events

Published on 2011-06-02 15:17:00

After the bell: Slow overall Anthera Pharmaceuticals, Inc. (ANTH) Secondary offering Verifone Systems (PAY) Inline #'s Beat this qtr - beat top and bottom line - raising guidance to streets expectations Diamond Foods (DMND)

Morning Call for June 2nd

Published on 2011-06-02 07:31:00

Today, US futures look to open positive after weak US economic data and a Moody's downgrade of Greek debt, putting it on par with Cuba, force overseas markets lower with Asian, European and emerging markets all down in early trading. Asian markets

Tonight's Notable Events

Published on 2011-06-01 15:19:00

Tonight's Notable News Events: Equity Lifestyles Properties (ELS) PM Trading is contra , very strong close - has a deal pricing tonight - trending in this market down 280 points Vera Bradley (VRA) Beats on eps - guides ok - Not enough - trad

Distribution Day A Bad Sign for Resurgent Bulls

Published on 2011-06-01 11:53:00

US markets have gotten hit hard today, just one day after a sharp jump that had bulls feeling like they had regained some control of this market. IBD put the market back into a confirmed uptrend this morning, and it appears they are going to be flip

DISH, ERTS Poised for Continuation After Breakouts

Published on 2011-06-01 07:33:00

Today I am looking at two long set-ups I see on the charts this morning, DISH Network Corp. (DISH) and Electronic Arts Inc. (ERTS). Both stocks broke out yesterday above resistance. Look for entry on any short term weakness. I would want to see E

Market Could Rest After Swift 4-Day Bounce

Published on 2011-06-01 07:26:00

US stock futures are flat Wednesday morning after a big day for bulls yesterday to finish off a weak month of May. Yesterday marked a break out of the May descending channel, and was definitive enough for IBD to put us back in a confirmed uptrend. Us

Market Salvages Weak May with Strong Finish

Published on 2011-05-31 15:34:00

The market initially faded Monday's gap up open, but found a bottom around 12:30 and accelerated into the bell to close on the highs. The resulting candlestick is markedly bullish, but do not discount the fact that this is the last day of the month a

Today's Action Proves Apple (AAPL), More Than Ever, Is All About Steve Jobs

Published on 2011-05-31 14:44:00

I read an article recently whose title perfectly summed up my feelings on this once market leading stock: What Will It Take to Move Apple's Price Again? The stock remains greatly undervalued, with incredible earnings growth considering its size. It c

Upside Buy Alerts Going Off on Magnet Stocks

Published on 2011-05-31 12:34:00

When the market indexes go up but the advance/decline line struggles…that is often the signal to be cautious. When the A/D hits a new high as the market digests gains… look for the market to go higher. Yes the market is in a digestive mode. L

A Lesson in Summer Trading 101 (or maybe 202)

Published on 2011-05-31 11:05:00

US markets have been weak Tuesday morning after a post-Memorial Day weekend gap up, one which was inspired by hopes a Greece bailout. The action today has been an exercise in summer trading with chasers getting punished. Just like traders weren't abl

VirnetX (VHC) Setting Up Long Despite Friday Fakeout

Published on 2011-05-31 07:47:00

Today's POD is in VirnetX Holding Corporation (VHC) -an old trading favorite of mine that is setting up well again. VHC touched a high of $25.94 on Friday before giving us a buyable pullback to the close of $24.12. I am looking to get a tier 1 trade

Upgrades Downgrades, Stocks to Watch May 31

Published on 2011-05-31 07:40:00

Nokia (NOK) Lowers Devices & Services Second Quarter 2011 Outlook And Updates Full Year 2011 Outlook Yongve International (YONG) (CVS) CVS and Medco stocks could provide 'healthy' returns, Barron's says Funtalk China Holdings Ltd. (FTLK)

Futures Lifted By Greece Bailout Optimism, Fertilizers Soar on More Upgrades

Published on 2011-05-31 07:19:00

To kick off last week, we saw a big Monday morning gap down that threatened to trigger fear and send the market into a temporary tailspin. Over the next three days, the indices threatened to break lower but held on for dear life, and in the meantime

UsingTechnical Analysis to Grow as an Investor

Published on 2011-05-27 10:52:00

The main thing I need to know about a company, after I know its Magnet® score, is whether supply or demand is in control of the stock price. Taking a small gain in a stock and then seeing it 50%- or 200% higher a year later began to drive me nuts!

Gold Provides Another Calculated Trade

Published on 2011-05-27 10:32:00

I’ve sent out a few charts this year to give the update on the gold trade. I’ve been trading Gold using chart patterns since 2008. This was first time I went on CNBC and stated it would Gold would hit $1500 back when it was trading at $850. h

Market Begins New Uptrend Attempt

Published on 2011-05-27 08:21:00

Action will be slow today ahead of Memorial Day IBD now has us in Day 1 of new uptrend attempt. Now they wait for a follow through day that needs to come in the next 7 days to confirm it. This does make sense as we’ve said over the past two

Upgrades Downgrades, Stocks to Watch May 27

Published on 2011-05-27 07:35:00

Medco Health (MHS) Drops pre-open after losing $3B Blue Cross Blue Shield contract Last Night: Blue Coat Systems inc. (BCSI) - 4 Downgrades so far Had pretty bad#'s, offered some opportunity in the post market below 20 Briefly last night bef

Oversold Bounce Continues Despite More Weak Data

Published on 2011-05-26 15:25:00

US markets made another push higher again Thursday as they try to rally at the end of a weak month of May, all despite more weak data points with higher than expected jobless claims and a downward GDP revision. The stuttering recovery now has comment

Chipotle (CMG) Takes Turn Breaking Out After Showing Relative Strength

Published on 2011-05-26 11:32:00

The market remains weak, mired in a tight lower range after Monday's big gap down. Since the surprisingly good non-farm payrolls number at the beginning of the month, all economic data points have been bearish, and that continued this morning with a

Upgrades Downgrades, Stocks to Watch May 26

Published on 2011-05-26 07:46:00

This morning Goldman head market strategist just cut his S&P 500 outlook from 1,500 to 1,450. iShares Silver Trust ETF (SLV) Spot Silver overnight trended - rallied at a high around 38.85 around 1:30 before Europe opened and it came of

Futures Build on Yesterday's Negative to Positive Reversal

Published on 2011-05-26 07:19:00

US stock futures point to a slightly higher open Thursday, building on yesterday's negative to positive reversal. The S&Ps are still grasping to hold this lower level, with the 100day providing support as we continue to see this falling wedge pat

CF, NFLX, OIH Highlight Day's Movers as Market Lifts

Published on 2011-05-25 15:32:00

US markets had a constructive day Wednesday after opening below Monday's lows, churning higher in quiet action for most of the day before some volume and volatility surfaced at the end of the day. At 3pm ET heavy buying entered the market and it look

Market Bounces, Netflix (NFLX) Stock Jumps on More Facebook Talk

Published on 2011-05-25 12:00:00

The S&P opened below the lows from the last two days, but has rallied back above and looks poised for an oversold bounce. The indices are oversold at these levels, and the market has been unable to follow through to the downside. Leading stocks,

Art of Trading a Hot IPO: Yandex (YNDX) Edition

Published on 2011-05-25 08:08:00

Yesterday, Yandex NV (YNDX) another big Internet IPO hit the Street. The inevitable hype surrounded it, with underwriters coining it the "Google of Russia". While not as hot initially as the LinkedIn Corp. (LNKD) IPO, YNDX got some steam later in the

Upgrades Downgrades, Stocks to Watch May 25

Published on 2011-05-25 07:22:00

iShares Silver Trust ETF (SLV) Started breaking out overnight after Europe opened at the 5am hour. Spot trading above $37. After the Bell American International Group, Inc. (AIG) Offering To Price At $29/Share- Broken in the pre market - Br

Precious Metals Bounce Continues, but Market Remains Under Pressure

Published on 2011-05-25 07:13:00

IPO action is preventing traders from pulling their hair out S&P futures overnight hit as low as 1303, but has pared some of those overnight losses this morning as we are now set for only a marginally lower open. Despite bouncing slightly this mo

Market Down Again, but Commodities Bounce

Published on 2011-05-24 15:25:00

The market opened slightly higher Tuesday, but sold off for most of the session as the bearish composure continues in the market in May. The S&P was able to bounce near yesterday's low, but then faded again into the close. Yesterday there were gl

Trading is About Identifying Trends - On Charts and In Society

Published on 2011-05-24 13:10:00

Each bull market is led by new news, companies that are dominating their sector, and delivering big profits to investors that can identify and ride them. Not only retail, but tech, restaurants, brands…if everyone likes it, the company is probably m

Indices Remain Weak, Netflix (NFLX) Outperforms

Published on 2011-05-24 11:52:00

The S&P has filled its pre-market gap up and is continuing lower, remaining weak in the month of May. Indices were unable to get a strong bounce after some small overnight gains eased pressure on the market, and for now the outlook remains slight

Looking for Molycorp (MCP), Silver (SLV) to Break Out of Recent Funks

Published on 2011-05-24 08:20:00

While looking for stocks I believe will break their recent down trends, Molycorp, Inc. (MCP) stood out to me. I will be watching break of the $60 level for a potential momentum trade to the $62.60 level. If price action can break that $62.50 pivot I

Netflix (NFLX) Relative Strength Signals New Highs Coming Soon

Published on 2011-05-24 07:55:00

Today's Play of the Day is in Netflix, Inc. (NFLX). I am looking for a move above $250 for a measured move to take us to about $276. I am using $245 as my stop. NFLX showed great relative strength yesterday amid a very weak market. So we are riski

Upgrades Downgrades, Stocks to Watch May 24

Published on 2011-05-24 07:27:00

Pharmasset, Inc. (VRUS) JP Morgan raised Pharmasset's price target to $200 based on building momentum for the nuc class of Hep C therapies following the recent EASL - Massive upgrade - stock trading 102.55 up 5 in the pre market Post Market Headl

Futures Higher, Another Upgrade for Fertilizers (POT)

Published on 2011-05-24 07:19:00

US stock futures are getting a bit of a lift this morning, following a bounce in the European markets to take back some of yesterday S&P’s touched the 100 day yesterday and had a feeble bounce. The one thing to note yesterday's losses. More so

T3Live Watchlist: Cigarette stocks LO, MO, PM providing break from bearish market action

Published on 2011-05-23 16:13:00

Dividend stocks have been relatively strong since mid-February and cigarette stocks are some of the best companies to own when targeting yield. Tobacco companies face consistent challenges from customer health problems, lawsuits and rising prices ass

Pockets of Strength Despite Weakness in S&P

Published on 2011-05-23 15:48:00

US markets were unable to bounce during the session Monday after large overnight losses. More European sovereign debt worries through the weekend strengthened the dollar and weighed on stocks into the open of US markets. While the major indices were

Identify Relative Strength During Pullbacks Like These

Published on 2011-05-23 14:28:00

What has changed in a month…? “There is a lot to be worried about…not a lot to be bearish about”…that is according to Stack Advisory, a well respect newsletter/money management service that I subscribe to… Greek debt, unemployment

Leading Momentum Stocks Showing Relative Strength

Published on 2011-05-23 11:27:00

The market has been unable to sustain a meaningful bounce after opening down harshly this morning based on further contagion worries in Europe based on sovereign debt concerns in the PIIGS nations. The Dow Jones and S&P remain down about 1.3% as

Baidu (BIDU), Gold (GLD) Look Set to Continue Lower

Published on 2011-05-23 08:00:00

Baidu.com, Inc. (BIDU) is showing signs of wanting much lower prices as we are seeing our key moving averages turn down on the daily and the stock is seeing rejection at those levels. From our initial suggestion to short this stock in the low $140’

More Eurozone Debt Worries Boost Dollar, Weigh on Stocks

Published on 2011-05-23 07:29:00

US stock futures are down big overnight, following foreign markets to the downside this morning. After last week's three-day bounce, investors were starting to feel comfortable buying again. But, for the time-being, all the move amounted to was a tec

Upgrades Downgrades, Stocks to Watch May 23

Published on 2011-05-23 07:25:00

Foot Locker, Inc. (FL) Great Report Thursday Night - FBR out this AM saying - target raised to $28 from $24 Newmont Mining Corporation (NEM) Gold miners see glimmers of hope, Barron's reports LinkedIn Corp (LNKD) Barron's:

Stocks Sell Off Into Options Expiration, Judgement Day*

Published on 2011-05-20 15:44:00

The S&P had a tough day after running into resistance at the 1348-1352, closing near the lows after some late afternoon selling. On an options expiration Friday, all action must be taken with a grain of salt. At this stage, however, all bets are

Market Sells Off After Hitting Resistance

Published on 2011-05-20 10:55:00

Yesterday the market stalled in front of the 1348-1352 big resistance level in the S&P, and today the market dropped quickly off the open. We are now approaching big support at the 1330-1335 that will need to hold to maintain any bullish composu

Upgrades Downgrades, Stocks to Watch May 20

Published on 2011-05-20 07:39:00

The Gap Inc. (GPS) Horrible Guidance - filled a gap on its daily bottomed out after spitting the 20 level in the post market Gap Cut To Neutral From Overweight By Piper Jaffray The Mosaic Company (MOS) Going Positive in the pre market after a S

Day 1 of a Hyped IPO: LinkedIn (LNKD)

Published on 2011-05-19 15:04:00

Day #1 of an IPO is all about supply and demand, the story surrounding a company, and the support by the underwriters behind the scenes. Valuations are largely an afterthought in highly anticipated IPOs. LinkedIn Corp (LNKD) carries an astronomica

LinkedIn (LNKD) IPO Soars, Boosts Internet Stocks

Published on 2011-05-19 12:15:00

The S&P sold off early but bounced around noon to get back into positive territory. The two-day oversold bounce looked set to continue overnight with a gap up, but investors took profits after a dismal Philly Fed reading. The big story today, how

MGM Resorts (MGM) Could Play Catch-Up in Casinos

Published on 2011-05-19 07:41:00

Wynn Resorts, Limited (WYNN) is clearly the strongest stock among the casinos, but at various points the others Las Vegas Sands Corp. (LVS) and MGM Resorts International (MGM) take turns making calculated moves. MGM announced further expansion into A

Can Investors Chase Stocks After Two-Day Bounce?

Published on 2011-05-19 07:25:00

US stock futures point to a slightly higher open Thursday after a surprisingly swift two-day bounce has taken the S&P back into resistance at its 21-day moving average. The market had been heavy over the last two weeks, pulling in sharply after b

Upgrades Downgrades, Stocks to Watch May 19

Published on 2011-05-19 07:21:00

iShares Silver Trust ETF (SLV) http://www.zerohedge.com/article/japanese-economy-collapses-q1-gdp-drops-double-consensus-rate-epic-nominal-plunge-52 This seemed to create the move at 4AM overnight in Silver Intel Corporation (INTC) Downgraded

Oversold Bounce, or Start of Move Back to New Highs?

Published on 2011-05-18 15:43:00

The market followed through to the upside after yesterday's reversal, easing pressure after heavy selling Monday, especially in the Nasdaq. While the indices have held up moderately well, some ugly charts in momentum stocks had traders leaning short,

Oversold Bounce Continues, Traders Wait for Fed Minutes

Published on 2011-05-18 11:50:00

The market has built on yesterday's negative to positive reversal, but has quieted down into lunch as traders await Fed minutes. Trading is often slow on Fed days, and that holds true for the release of Fed minutes. Investors choose not to put on add

Buying at the Bottom of the Envelope

Published on 2011-05-18 10:56:00

As of last night it looked like nobody was going to fill their gas tanks again, and today, well, the sky is not falling. Regardless of whether you are a trader or an investor, you need to control your emotions and look for good entry and exit poin

General Electric (GE) a Short Candidate as Financials Remain Weak

Published on 2011-05-18 07:44:00

The financials continue to be among the weakest sectors in this market, and I will continue looking to the sector to the short side as the market remains weak. For today's Play of the Day, I will be shorting General Electric Company (GE) around $19.5

What Type of Bounce Can Market Get After Reversal?

Published on 2011-05-18 07:19:00

US stock futures now point to a basically flat open after giving back small overnight gains. The indices have been heavy over the past couple weeks, and our initial targets for the S&P have been reached down at the 50-day moving average. Some lon

Upgrades Downgrades, Stocks to Watch May 18

Published on 2011-05-18 07:18:00

Dell Inc. (DELL) - 3 Upgrades so far and threw yesterdays post market highs trading at 16.85 Posted earnings and trades daily highs after being halted in the post. Testing last spring highs target raised to $20 from $17 @ RBC Capital target raised

Reversals Should Ease Pressure on Markets

Published on 2011-05-17 15:57:00

The S&P recovered after plunging below its 50-day moving average early in the day Tuesday, closing marginally higher. The Nasdaq showed relative strength after yesterday's big drop as momentum stocks look to recover from aggressive selling. While

Don't Get Frustrated, Play Defense and Stick to Your Plan

Published on 2011-05-17 14:23:00

Soft patches and pull backs give you an opportunity to find the best stocks. They go down the least, and on the lightest volume. Getting killed on light volume is not the answer. Stepping aside or playing the short side is the only way to make mon

Potential Reversal trade in REDF

Published on 2011-05-17 11:00:00

by Vicki Haddow REDF has given us some good 2 way trading from the breakout trade through $9.70/$10 and then flagged and consolidated between $10 and $12 before going higher. Then we found a good reversal trade at highs when the chart put in a top

Upgrades Downgrades, Stocks to Watch May 17

Published on 2011-05-17 07:36:00

Slim picking now that we are past peak earnings season. only one stock this am I'm currently focused on Hewlett-Packard (HPQ): Beats With Q2, Guides Below Street - Good liquidity in the pre market. Cupping over on the 5 minute - working pre mark

T3Live Recap: Amazon, Netflix sink markets below S&P 1330 support

Published on 2011-05-16 16:10:00

US stocks retreated from intra-day highs to make new lows on the day after seemingly finding support at the 1330 support level in the S&P. It was the Nasdaq index that could not rally with the Dow and S&P, eventually dragging US markets as we

Ags, banks, chinese internets lead technical bounce in markets

Published on 2011-05-16 10:45:00

Agriculture stocks got a push morning with CF Industries Holdings (NYSE:CF) up 3.4%, Potash Corp. (NYSE:POT) up 2.8% and Mosaic Co. (NYSE:MOS) up 2.44%, following the strength in grain stocks as they respond to potential supply pressures. Essentially

Today's Pre Market Stocks To Watch

Published on 2011-05-16 08:14:00

J.C. Penney Company (JCP) Penney Beats With Q1 EPS, Guidance Mixed - Shares trending in the pre market up $2.00 on 200k shares and trading at Sept 2008 highs. NYSE Euronext (NYX) The NASDAQ OMX Group (NDAQ) Intercontinental Exchange (IC

Technical Damage Spreads As Investors Take Risk Trade Off

Published on 2011-05-13 16:17:00

On the weekly recap, Scott Redler breaks down the technical damage in the overall markets as the selling pressure in Chinese internets, banks and commodity-related continues in a major way. Only the Semiconductors HOLDRs (SMH), Retail HOLDRs (RTH) an

T3Live Watchlist: CCE, MJN, MKC lead risk-off trade in consumer goods

Published on 2011-05-13 11:50:00

Countries around the world are starting to target inflation control instead of growth, QE2 is coming to an end with the US having no political appetite for QE3 and today the International Energy Agency cut its demand forecast on crude for the first t

Air Coming Out of Chinese Internet Stocks After SINA Earnings

Published on 2011-05-12 11:25:00

The market was weak early after a slight down open, but is back to flat on the session as the dollar has pulled off slightly. Despite the small intraday bounce, charts are still sloppy and many traders are still tending to lean short in the indices.

Macro Head and Shoulders Pattern in Goldman (GS) Hits Targets

Published on 2011-05-12 10:38:00

The banking sector participated in the initial reflex bounce off March 2009 lows, but over the last year and a half have been absent from the market melt-up. Adverse regulatory changes and calls for the heads of the people responsible for the financi

Upgrades Downgrades, Stocks to Watch May 12

Published on 2011-05-12 07:44:00

CSCO Systems Inc. (CSCO) as soon as chambers started speaking he said guidance will reflect weakness. Some good shorts were to be found here as CSCO has good post market liquidity on this comment during the call. After a long winded conference call t

How to Trade Sina (SINA) Post-Earnings

Published on 2011-05-12 07:28:00

SINA Corporation (SINA), one of the leaders of the Chinese Internet stock surge we have seen over the last few months, reported disappointing earnings last night, but is still positive pre-market. Aggressive spending on the companies Weibo service ac

Currents are Changing, but Will Resilient Market Fight Back?

Published on 2011-05-12 07:15:00

US stock futures, along with commodities, are pointing to a lower open Thursday after Wednesday's harsh sell-off. When something stinks in the kitchen, usually there’s some rotten fruit in a drawer, or a dead cat lost in some closet. Yesterday prud

T3Live Technicals: Relative chart of MOO etf points to potential underperformance in MON, MOS, DE

Published on 2011-05-11 16:48:00

Yesterday we looked at how retracement levels can be used for trade ideas and to find levels of support and resistance during extreme price movements. Today we take a look at a technical tool meant for an intermediate time horizon, but still helpful

Market Drops, Commodities Plummet After Unconvincing Bounce

Published on 2011-05-11 15:53:00

The market erased gains from the two-day bounce to start the week, before bouncing slightly into the close. Despite indices tracking higher Monday and Tuesday, there were signs that the market was still not healthy after extremely bearish action last

A Few Good Ideas Can Make All the Difference

Published on 2011-05-11 13:54:00

What to buy is the key for investors, when to buy is the key for traders. Combining both is the key to profitably using The Magnet Stock Selection Process. For over 20 years I have been developing and harnessing magnet. I use the word harness becaus

Eerie Two-Day Bounce Foreshadowed Downside Continuation

Published on 2011-05-11 12:08:00

The market accelerated to the downside late Wednesday morning, restesting the 21-day moving average that held last week. The S&P is down 1.3% as it appears the quiet two-day surge to start this week was nothing more than an oversold bounce. Monda

Upgrades Downgrades, Stocks to Watch May 11

Published on 2011-05-11 07:41:00

Molycorp, Inc. (MCP) Had a big miss and seemed to guide lower. Off last nights lows in the pre market at 8:30 only down $2 from $3 earlier. Zagg Inc (ZAGG) target raised to $14.50 from $12.50 at Northland Securities - following outstanding Q1 The

Sector Rotation Leads Me to Juniper (JNPR)

Published on 2011-05-11 07:31:00

Despite the sneaky two-day bounce we have seen to start the week, the market still feels like it is in correction mode. While the indices are holding up relatively well, I am seeing the risk off trade taking place increasingly. A lot of money seems t

Was Commodity Bounce Transitory?

Published on 2011-05-11 07:21:00

With another up open today, we are now about 10 handles away from the old highs of 1370 in the S&P, but it doesn’t feel like it. IBD still has the market in a correction, and many traders aren’t very bullish after the pull-in we saw early las

T3Live Technicals: SLV and SINA show benefits of using retracement levels

Published on 2011-05-10 16:29:00

The action over the last week has been fast and furious especially in commodities, regardless of whether you are trading iShares Silver Trust (SLV) or the actual silver futures, which sold off 33% from highs and has now rallied nearly 17% since Frida

Market Closes Above Friday's High, but Most Charts Still Lack Conviction

Published on 2011-05-10 15:48:00

The market built on yesterday's bounce, breaking above the pivot high from Friday as the dollar pulled off for the second day in a row. Last week a combination of factors had investors souring on the market. Troubling economic data points, the end of

Should Small Investors Avoid Silver?

Published on 2011-05-10 13:06:00

Evan Lazarus appeared on Fox Business News on May 9, 2011- 4:32 - T3 Live Chief Knowledge Officer Evan Lazarus on risks of the silver market for investors Watch the latest video at <a href="http://video.foxbusiness.c

Commodity Bounce Continues, Apple (AAPL) Snoozes

Published on 2011-05-10 11:54:00

US markets are edging higher in another quiet day of trading. The dollar is close to flat after three days of volatile action, continuing to ease pressure on commodities. Silver, via the iShares Silver Trust ETF (SLV) is up another 1.4% as it looks t

Upgrades Downgrades, Stocks to Watch May 10

Published on 2011-05-10 07:52:00

Rosetta Resources Inc. (ROSE) - 20% price target increase from where its trading now target raised to $65 from $55 at FBR   Trina Solar Limited (TSL) Raised gross margins - but off production guidance Announces Updates to First Quarter 2011 Guidan

VirnetX (VHC) Could Ignite Out of Upper Level Wedge

Published on 2011-05-10 07:39:00

Today's Play of the Day is long VirnetX Holding Corporation (VHC). I am looking for an entry above yesterday's high of $25.27 with a stop at the 50-day moving average of $23.50. A measured move should take us to $33.25 for a swing trade. For a day tr

Futures Extend Gains, Near Friday's Pivot High

Published on 2011-05-10 07:31:00

Futures are once again set for a higher open Tuesday as the market builds on Friday's encouraging jobs number. Last week stocks pulled in sharply as economic data suggested a slowdown of the recovery just when QE2 was getting set to expire, but the b

T3Live Watchlist: SINA, SIFY, WFM among stocks showing relative weakness

Published on 2011-05-09 17:08:00

The massive sell-off in commodities last week to start the month of May, dragged the overall markets down from 52-week highs as the SPDR S&P 500 ETF (NYSE:SPY) retraced just over 3%. Today the SPYs rebounded behind a rally in the commodities, gai

Dollar Loses Steam, Fuels Commodity Bounce

Published on 2011-05-09 16:12:00

The market staged an oversold bounce to start the week, with commodities finally able to breathe as the dollar pulled off. Last week a string of weak economic data points turned a healthy technical pull-back into something more, but a strong non-farm

How Far Can Silver Bounce?

Published on 2011-05-09 12:19:00

On May 5th during the craziness of the silver decline on this blog Scott posted charts to provide a roadmap for traders to potentially cover shorts (if you hadn't already) and look for a bounce type trade set up. As you can see on the chart this area

Action Cools Down as Weather Warms Up

Published on 2011-05-09 11:55:00

The market is turning higher early Monday afternoon after trading flat in a tight range during the morning trade. Stocks finished April with a bang, with the major indices surging to new multi-year highs on the back of strong earnings from a host of

High Volume Selling Forecasts More Downside for Baidu.com (BIDU)

Published on 2011-05-09 08:12:00

My favorite setup today is in Baidu.com, Inc. (BIDU) short. After recent earnings BIDU has become what we believe to be a lower risk short sale candidate at these current levels given last weeks trading action which saw heavier volume selling early l

Upgrades Downgrades, Stocks to Watch May 9

Published on 2011-05-09 07:48:00

TD Ameritade Holding Corp. (AMTD) E TRADE Financial Corporation (ETFC) GS upgrades ETRADE  and downgrades Ameritrade United States Steel Corporation (X) Barron's says the shares could rally 65% over the next year. The daily is very oversold and th

Commodities Bouncing After Week of Carnage

Published on 2011-05-09 07:40:00

US stock futures are set for a higher open Monday, easing some pressure after a bearish week last week that saw the market pull in sharply after making new multi-year highs. What a difference a week makes. Last Monday we were gapping up after the kil

T3Live Watchlist: ERTS and LEAP among stocks showing relative strength

Published on 2011-05-05 15:32:00

Stocks showing relative strength during market sell-offs can potentially point to outperformance for the stock or the sector moving forward. Some of the sectors to watch based on this list include Healthcare, Technology, Gaming and Wireless Telecom.

Dollar Strength Rocks Commodities

Published on 2011-05-05 15:32:00

After surging to fill the gap in the morning, the market turned sharply lower in the last hour of trading on heavy volume. A discouraging increase in jobless claims this morning was the catalyst for pre-market losses, and traders are selling off posi

Tide Coming In, or Going Out?

Published on 2011-05-05 12:23:00

If you can determine if the tide is coming in or out- you are ahead of the game as an investor… …if you could time the waves you can be a great trader We know if we could time the tides of the market like sunrise and sunsets we would be rich beyo

Oil, Metals Continue to Take Elevator Down

Published on 2011-05-05 12:01:00

The S&P opened sharply lower this morning into its 21-day moving average, with overnight losses compounded by a disappointing increase in jobless claims this morning. However, like we saw yesterday afternoon, investors are buying the dip. The S&a

Now Looking for Support to Buy in Silver

Published on 2011-05-05 11:35:00

I attached two charts, one that was sent on April 21st showing the parabolic nature of silver, the bubble status, the explanation for the phenomenon that was taking place, and the exhaustion top. I saw the same thing with the Oil spike back in 2008-0

DANG, This Stock Wants to Go Higher

Published on 2011-05-05 07:43:00

The Chinese Internet sector has been very hot this year, with the likes of Baidu.com, Inc. (BIDU), SINA Corporation (SINA), Sohu.com Inc. (SOHU) and Youku.com, Inc. (YOKU) continuing to extend to new highs before this recent market pullback. Ecommerc

Upgrades Downgrades, Stocks to Watch May 5

Published on 2011-05-05 07:26:00

Goldcorp Inc. (GG) they beat by a few pennies, but I think it's going to move more on the margin requirements today than their earnings - upgraded to Neutral from Underweight at HSBC  iShares Silver Trust (SLV) "Seems to be down again heavily this

Futures Slump After Yesterday's Intraday Reversal

Published on 2011-05-05 07:16:00

After an intraday bounce yesterday lifted the mood of investors, the markets have turned back down pre-market Thursday as futures are set for a lower open. While we were already in the midst of a technical correction after a steep bounce to new highs

Tech Leads Market Bounce Off Previous Neckline Breakout

Published on 2011-05-04 15:33:00

The market was weak during the first half of the trading day Wednesday, with the S&P retesting the breakout from the neckline of the head and shoulders pattern around 1340. Momentum leaders continued to sell off hard, and the indices did not appe

Silver Finally Takes the Plunge

Published on 2011-05-04 13:24:00

Back on April 11th I wrote about my bold short call in silver, which had gone parabolic and was starting to look toppy. Over the next two weeks, I aged about 10 years watching the iShares Silver Trust ETF (SLV) squeeze shorts and run more than 20% hi

Commodity Stocks Sell Off as Market Correction Continues

Published on 2011-05-04 11:50:00

The market has continued to pull in after opening flat this morning, with the "Sell in May, go away" mantra prudent as ever. Momentum stocks have continued to get hammer as it seems investors are taking profits after large runs. While a retest of the

F5 Networks (FFIV) Ready to Bounce Again After Gap Fill

Published on 2011-05-04 07:50:00

F5 Networks, Inc. (FFIV) had earnings back on April 20th and reported strong numbers with second quarter revenue up 34.7% year-over-year. This report gapped the stock up nicely and has since grinded lower to fill that upside earnings gap. The $100

Upgrades Downgrades, Stocks to Watch May 4

Published on 2011-05-04 07:29:00

First Solar, Inc. (FSLR) Trading at $125 pre market down about $10. 3 conflicting analyst notes so far Agrium upgraded them?! Price target 160 Brean Murry Goes from 181 to 170?! Collins stewart downgrades from Buy to Hold Las Vegas Sands Corp. (LV

Futures Flat Despite Las Vegas Sands (LVS) Earnings Miss, Apple (AAPL) Showing Relative Strength

Published on 2011-05-04 07:11:00

Futures are flat this morning after yesterday's downside follow-through to Monday's reversal. The enthusiasm Sunday night over the killing of Osama Bin Laden did not spill over into the markets. The indices were overbought so the corrective action th

Momentum High Fliers Pull in Hard; Las Vegas Sands (LVS) Rocked After Dismal Report

Published on 2011-05-03 15:33:00

The market follow through to the downside from yesterday's reversal but pared a significant portion of losses into the close. Although losses in the major indices were relatively muted after the late-day bounce, it certainly appears to be a risk-off

Chinese Internets Slammed, Rare Earths Soar

Published on 2011-05-03 11:27:00

The market is narrowly red in Tuesday's session, continuing to digest the two-week bounce back to multi-year highs. We have seen some follow through selling from yesterday's reversal, especially in some leading momentum names. The indices are holding

Rare Earth Stocks Get a Boost After Dahlman Rose Upgrade (AVL, MCP)

Published on 2011-05-03 07:51:00

The rare earth stocks were upgraded this morning from Dahlman Rose, which put a $15 price target on Avalon Rare Metals, Inc. (AVL) and $125 target on Molycorp, Inc. (MCP), while also upgrade Rare Elements Resources Ltd. (REE) to a buy. I am going to

Upgrades Downgrades, Stocks to Watch May 3

Published on 2011-05-03 07:29:00

Molycorp, Inc. (MCP) Price target raised to $125 from $85 - Dahlman Rose - 2-3rd tier firm. Up over $1.00 pre mkt with the futures down Arch Coal, Inc (ACI) upgraded hold to buy at Brean Murray - price target raised from $32 to $43 Reasearch

Selling Into Excitement: Market Headed Lower After Yesterday's Reversal

Published on 2011-05-03 07:14:00

Sometimes you need an outside event to show you the true “nature of the market”. Same way when Japan crisis hit, we used technical techniques to uncover the leading groups. The groups to buy first when the market started to rally. A day like

T3Live Watchlist: Defense stocks GD, RTN, HRS, etc vulnerable after Osama's death

Published on 2011-05-02 17:11:00

By now everyone has heard the news from President Obama that US Navy Seals killed Osama bin Laden over the weekend in Pakistan. T3 Live wants to thank all military and counter-intelligence personnel that were involved in the operation to take down Bi

Gap Fill Foreshadows Downside Action

Published on 2011-05-02 15:46:00

The markets finally saw its first meaningful red day in more than two weeks Monday, trading lower after US special forces yesterday killed Osama Bin Laden. The news was met with relief and celebration at United States landmarks, but the markets were

Stocks Higher After Bin Laden Death

Published on 2011-05-02 13:36:00

Scott Redler's appearance this morning on CNBC. http://video.cnbc.com/gallery/?video=3000019607 *DISCLOSURE: AAPL, GLD, LVS, CRM, VMW, MGM, WFC, CIEN. Short SLV, SPY. This material is being provided to you for educational purposes only. No in

Market Erases Morning Gap Up, but Amazon (AMZN) Extends Higher

Published on 2011-05-02 12:00:00

The markets opened higher to kick off May following the killing of Osama Bin Laden but have sold off since the open. While his slaying provided an emotional boost to the American people, the watershed event seemed to have little positive impact on st

Estee Lauder (EL) Chart Looks Pretty

Published on 2011-05-02 07:53:00

The Estee Lauder Companies Inc. (EL) has been in a multi-week consolidation that broke to the upside Thursday through $9. The stock held the breakout on Friday, a bullish sign that tells me higher prices are on their way. Targets on the upside are $1

Peabody Energy (BTU) Ready to Take Back Moving Averages

Published on 2011-05-02 07:43:00

With recent market strength I have started looking for stocks that have made 52 week highs and had a decent pullback off those highs. One of my favorite such charts right now is Peabody Energy Corporation (BTU). BTU, the leading coal stock in the mar

Futures Higher After News of Bin Laden Death, Will It Last?

Published on 2011-05-02 07:25:00

It’s been about 9.5 years since the day I was sitting at my desk and saw the futures start plummeting that Monday morning. This day that destroyed lives, turned families upside down, and created chaos in the Manhattan. Getting this monster hopefull

Weekend Stock Highlights May 2

Published on 2011-05-02 07:16:00

Barron's Mentions: Reasearch in Motion Limited (RIMM) Barron's - Tech Trader - Ignore The Panic - RIM Still Has A Bright Future iShares Silver Trust (SLV) "Silver was down at a $42.20 low last night shortly following the open on Globex

Weekly Roundup: Earnings, Fed Push Market to New Highs

Published on 2011-04-29 15:45:00

The market continued to make new highs each day this week on the back of another strong round of corporate earnings. Earnings have improved now for nine straight quarters, although it has so far been a jobless economic recovery. The stock market, as

Predictive vs. Diagnostic Investing

Published on 2011-04-29 11:16:00

If you are around Wall St. you will hear all kinds of predictions…- the economy will do this or that, a bio-tech will get an approval, a takeover is eminent… Some of these come to fruition, most don’t. One of the most empowering realizations I

Apple (AAPL) Ready for New Highs After Working Through Issues

Published on 2011-04-29 10:14:00

Apple Inc. (AAPL) is the first chart I look at almost every morning of my career and if you watch the Morning Call you see I cover it in some form almost every show. The reason I like to look at and trade Apple is that it trades very well technically

Futures Slightly Higher, RIMM Slammed After Another Poor Quarter

Published on 2011-04-29 08:17:00

US stock futures are set to open slightly higher Friday, capping off another week of strong gains. Strong tech earnings have been the catalyst for the rally back to new highs, but Research in Motion Limited (RIMM) continues to illustrate that not eve

Upgrades Downgrades, Stocks to Watch April 29

Published on 2011-04-29 08:02:00

Research in Motion Limited (RIMM) 4 downgrades so far following the pre-announcement. Jefferies really sounds disgusted with their CFO Jefferies Downgraded to Underperform from Buy - Price target lowered to $35 from $80. RBC Capital - downgrad

T3 Watchlist: Aetna (AET) earnings shine light on health care plan stocks

Published on 2011-04-28 17:00:00

Add Aetna Inc. (NYSE:AET) to the list of rival health care insurers UnitedHealth Group Inc (NYSE:UNH), WellPoint Inc (NYSE:WLP) and Humana Inc (NYSE:HUM) that are seeing windfall profits this earnings season ahead of federal health care reform.

S&P 500 Doubles from March 2009 Lows

Published on 2011-04-28 15:50:00

The market extended once again to a new multi-year high Thursday, marking 100% gains from March 2009 lows. It has been a rapid bounce-back for stocks, both from credit crisis lows and after the Japanese earthquake and aftermath once again drenched th

US Stocks Add to Gains Before Close; Banks Rise - Scott Redler on CNBC.com

Published on 2011-04-28 15:39:00

By: Abby Schultz, JeeYeon Park - from CNBC.com Click Here for the entire article. Baidu [BIDU 148.25 -2.86 (-1.89%) ] fell despite doubling its profits from a year ago, and delivering a better-than-expecte

Inverse Head and Shoulders Playing Out in S&P

Published on 2011-04-28 13:37:00

Back on April 20th I sent out these to charts showing a very bullish macro inverted head and shoulders pattern in the S&P. This was when we held 1295-1300, and now we are closing a week or so later about 50 handles higher, well on our way to the

Baidu (BIDU) Sells Off Following Earnings Beat

Published on 2011-04-28 11:33:00

The market made new highs early, but only briefly, as stocks are pulling back into the lunch-time hour. Yesterday's FOMC rate decision and testimony from Fed Chairman Ben Bernanke boosted stocks, but the markets have been unable to follow through wit

Looking at Vegas (LVS) and salesforce (CRM) Long

Published on 2011-04-28 07:52:00

With the market pressing new highs I continue to look for stocks that have consolidated nicely after a strong move up. One of my favorite ideas right now is salesforce.com, inc. (CRM). After a strong breakout and close above the $135 area, CRM has di

Upgrades Downgrades, Stocks To Watch April 28

Published on 2011-04-28 07:43:00

*Watch my new Morning Watchlist video below! eBay Inc. (EBAY) - 3 upgrades Upgraded at Steifel Nicholas Upgraded at jefferies Upgraded at Citi iShares Silver Trust ETF (SLV) Ill be watching SLV post the 8:30 continuing claims # to see if it hold

JDS Uniphase (JDSU) Should Continue to Run

Published on 2011-04-28 07:40:00

This morning I'm looking at JDS Uniphase Corporation (JDSU), which was high flier earlier this year but pulled in hard after a very weak earnings report by fellow optical networking stock Finisar Corporation (FNSR). I like JDSU long and will look to

Commodities Could Continue After More Dovish Fed Statements

Published on 2011-04-28 07:22:00

US stock futures are holding mostly steady Thursday after surging higher following the FOMC rate decision and Ben Bernanke press conference yesterday. Bernanke stuck to his usual script, saying the pace of the US economic recovery is moderate, that i

Commodities Roar After Bernanke Press Conference

Published on 2011-04-27 15:40:00

The market was weak early, giving back small overnight gains as investors waited for word from the Fed. After the rate decision, and then Chairman Ben Bernanke's press conference, it was off to the races. The Fed continues to maintain its dovish stan

Silver Rush Spreads to Stock Market - Scott Redler in the Wall Street Journal

Published on 2011-04-27 15:18:00

Silver Rush Spreads to Stock Market BY TOM LAURICELLA AND CAROLYN CUI - Wall Street Journal The mania for silver has spread to the stock market as day traders pile into the buying. Trading got so heated during the past two days that shares traded

T3Live Watchlist: Tech. Anal. give clues to next Longtop Financial (LFT)?

Published on 2011-04-27 12:22:00

Shares of Longtop Financial Technologies Ltd. (NYSE:LFT) fell by as much as 18% on Tuesday, then dropped nearly 30% today, following a report by Citron Research which bluntly stated that "every financial statement from its IPO to this date is fraudul

Market Gives Back Overnight Gains, Waits For Fed Decision

Published on 2011-04-27 11:28:00

The market has given back overnight gains ahead of the FOMC rate decision due out at 12:30ET. Also for the first time ever, Fed Chairman Ben Bernanke will hold a press conference at 2:30 following the announcement, like to discuss the Fed's actions.

Time to Pick Up Chinese Internet Stocks? - Scott Redler on CNBC Asia

Published on 2011-04-27 09:49:00

Even though Chinese internet stocks have performed well when markets pulled back on the Japan crisis, Scott Redler, chief strategic officer at T3LIVE.com, is taking some of his bets off the table. He explains why. *DISCLOSURE: No relevant posit

Upgrades Downgrades, Stocks To Watch April 27

Published on 2011-04-27 07:36:00

iShares Silver Trust ETF (SLV) Last night SLV traded over $45 at the post market close around 7:45 pm last night. I was able to get out of most of my position there. Long a single tier overnight now trading off around the 44.15 level. Spot silver sti

Market Extending Gains Ahead of Fed

Published on 2011-04-27 07:19:00

US stock futures point slightly higher once again Wednesday morning after making new multi-year highs yesterday. The jump in the S&P yesterday triggered the inverted head and shoulder pattern we have been highlighting, which would take the index

Market Makes Multi-Year Highs, Amazon (AMZN) Rebounds After Clarifying EPS Miss

Published on 2011-04-26 15:51:00

The S&P blasted off to new multi-year highs Tuesday, triggering the head and shoulders pattern that was formed by last week's earnings-inspired bounce. The advance-decline line today showed wide breadth to today's breakout, a healthy sign for the

T3 Watchlist: SPG, VNO lead Commercial Real-Estate (IYR) higher

Published on 2011-04-26 13:34:00

Commercial real-estate, once considered the next shoe to drop in the financial crisis, continues to make naysayers look silly as the iShares Dow Jones US Real Estate etf (NYSE:IYR) closed at 52-week highs yesterday. Behind sales grow

S&P Hits Multi-Year Highs, Reverse Head and Shoulders Pattern Triggers

Published on 2011-04-26 11:47:00

The market didn't wait for resolution from the two-day Fed meeting to blast off, as indices are making new highs Tuesday. The inverse head and shoulders pattern highlighted by Scott Redler last week in the T3Live.com Morning Call has now ignited thro

Advance/Decline Line Shows Rally is Alive and Well Despite Doomsday Headlines

Published on 2011-04-26 11:07:00

When everybody is bullish, where is their money? Pushed in the market without the reserves to buy pullbacks aggressively. When bullish market sentiment reaches climactic levels and people are fully invested in equities, those are the moments when you

OIH Flagging Above Moving Averages

Published on 2011-04-26 10:47:00

After leading the market up in the past few months, the Oil Service HOLDRs ETF (OIH) has pulled back, and is consolidating above all moving averages. OIH is creating a new pivot buy area above $162. I am long Tier 1 within this area looking for an ad

Salesforce (CRM) Could Be Next Cloud to Go

Published on 2011-04-26 10:38:00

Salesforce.com, inc. (CRM) is acting much better after being stuck in a right range for most of April. The stock broke a mini downtrend around $135 a week ago and is flagging very nicely now. I am long tier one in here and will add above the high of

Rediff (REDF) Blasts Off Again to New Highs

Published on 2011-04-26 10:03:00

Last week I listed Rediff.com India Limited (REDF) as a potential buy around $9.50-9.90 for a breakout to all-time highs. Don't Forget About India - April 19, 2011 I took most profits that day on the initial pop, then listed it again this morning

Upgrades Downgrades, Stocks to Watch April 26

Published on 2011-04-26 07:49:00

Ford Motor Company (F) Earnings - Beats on Revenues - Traded up .50c immediately - Im long on a higher high after the # was digested - 5 tier 16.02 - selling partials 16.00 - 16.15 for a scalp on the momentum. iShares Silver Trust ETF (SLV) Down o

Market Continues to Bang Head on Resistance Into Fed Meeting

Published on 2011-04-26 07:28:00

US stock futures point once again to a slightly higher open Tuesday, but remain below the last major resistance area before new multi-year highs. Pivot highs sit at $134 in the SPDR S&P 500 ETF (SPY), and futures are dancing around that area this

Priced for Perfection? Netflix (NFLX) Trading Lower Despite EPS, Revenue Beat

Published on 2011-04-25 15:35:00

The market closed marginally lower Monday, resting after an explosive after-hours run last week fueled by strong earnings from the tech sector. The market has been resilient in 2011 amid a barrage of negative headlines, but it has shown a tendency to

Why Skyrocketing Gold Is Nothing to Worry About

Published on 2011-04-25 12:46:00

The risk on/risk off trade- we hear that expression a lot lately on Wall St. What does that mean and how does that play out in decision making helps to understand why gold is going up? ...and why it does worry me? Here is the overly simplistic way i

SOHU Explodes Higher After Strong Quarter

Published on 2011-04-25 11:23:00

The market has continued to slide Monday after opening marginally lower as investors take some profits following large gains last week. Earnings from tech bellwethers pushed the market to big overnight gains Wednesday and Thursday. Last week the mark

Upgrades Downgrades, Stocks to Watch April 25

Published on 2011-04-25 07:37:00

Travelzoo Inc. (TZOO) upgraded to Buy from Hold at Benchmark Co. Price target raised to $123 from $66. Johnson & Johnson (JNJ) upgraded to Outperform from Market Perform at Wells Fargo Patriot Coal Corporation (PCX) target raised to $37 from $

Silver Continues to Squeeze Shorts, Futures Point Slightly Higher

Published on 2011-04-25 07:12:00

US stock futures point to a slightly higher open Monday, just below resistance in the SPDR S&P 500 ETF (SPY) at $134.00. Last week we saw major strength return to the market on account of stellar earnings reports from a series of tech bellwethers

Barron's Stock Mentions to Watch

Published on 2011-04-25 06:26:00

NIKE, Inc. (NKE) Built for the Long Run- The athletic-shoe company's short-term problems are creating a buying opportunity for long-term investors. Tesla Motors Inc (TSLA) Stock Looks Overcharged Its sleek roadsters and sedans are undeniably a

Look for Bounce to Continue in Ags, Oil Servicers Next Week

Published on 2011-04-21 15:24:00

The market once again held a large gap up Thursday, closing right about where it opened just under the next resistance level in the SPDR S&P 500 ETF (SPY) at $134. Earnings so far have been the fuel the market needed to run back towards highs, wi

Breaking Golden Rules Trying to Short Silver

Published on 2011-04-21 14:41:00

Traders follow a set of rules and then live by them to stay disciplined and consistent. I pride myself on my routine and rules that I live and trade by. While I rarely miss a spin class, I've recently violated one of my steadfast rules trying to catc

Market Again Holds Gap Up, Fertilizers Lifting

Published on 2011-04-21 11:07:00

The market is holding in well again Thursday following another earnings-fueled gap up. Last night it was Apple Inc. (AAPL)'s turn, with help from some friends, to push the indices higher with a stellar earnings report. The market traded down into the

Apple (AAPL) 80-20 Reversal Provided Entry on Multiple Timeframes

Published on 2011-04-21 08:15:00

In my Morning Call and Daily Recap videos, I almost always cover Apple Inc. (AAPL) because of its massive importance to the indices as well as its currently undervalued price level. For active technical traders, AAPL also generally trades very well i

Upgrades Downgrades, Stocks to Watch April 21

Published on 2011-04-21 07:51:00

Apple Inc. (AAPL) "5 Upgrades so far" Apple price target raised to $435 from $415 at Citigroup Apple price target raised to $470 from $450 at Goldman Apple target raised to $465 from $425 at Oppenheimer Apple target raised to $425 from $400 at ISI Gr

Apple (AAPL) Earnings Buoy Futures, F5 Networks (FFIV) Lifts Clouds

Published on 2011-04-21 07:20:00

F5 Networks is the latest cloud computing company to report strong earnings and trade sharply higher. US stock futures are set to open sharply higher once again Thursday after another round of strong earnings report from tech bellwethers. The SP

Market Holds Gap Up, Cloud Stocks Regaining Mojo

Published on 2011-04-20 15:37:00

Tech stocks led the market higher, mainly premarket, Wednesday after a series of impressive earnings reports after the close yesterday from big hitters. Intel Corporation (INTC) and Yahoo! Inc. (YHOO) posted big beats and traded sharply higher, while

Interview with Alec Young, International Equity Strategist for S&P

Published on 2011-04-20 13:59:00

Alec Young, the International Equity Strategist for S&P, joins T3Live to discuss his latest market call. Alec is reminding us about the headwinds facing the markets and worldwide economy, the rising prices of commodities and political instability

Money Rotates Into High Beta Tech (AMZN, NFLX)

Published on 2011-04-20 11:45:00

The market has traded in a tight range intraday Wednesday after a huge morning gap up triggered by a slew of strong major earnings reports last night, mainly from tech giants. After two days of unconvincing action, earnings once again provided a boos

Roapmap to the Indices

Published on 2011-04-20 08:13:00

Back in December when I gave my targets for the S&P of 1410-1430 I wasn’t sure how it would develop. I always like to go over past and present patterns of the S&P. I talked yesterday how I see the advance signs of a Inverted Head and Should

Netflix (NFLX) Best Pattern on the Board Right Now

Published on 2011-04-20 07:41:00

Going forward I continue to look for only the strongest stocks. One of my favorite long ideas is Netflix, Inc. (NFLX). The daily chart of NFLX has a cup and handle pattern forming, but I am more interested in the fast money trade through 52 week high

Upgrades Downgrades, Stocks to Watch April 20

Published on 2011-04-20 07:35:00

Intel Corporation (INTC) upgraded to Outperform from Market Perform at FBR Capital - shares to $27 from $25. upgraded to Overweight from Neutral at JP Morgan - target raised to $25 from $20.50. Wynn Resorts, Limited (WYNN) target raised to $148 from

Earnings Bonanza Leads to Huge Up Open

Published on 2011-04-20 07:29:00

US stock futures point sharply higher after a slew of impressive tech earnings reports after the close yesterday. Dow futures are up over 100 points this morning while commodity prices also gained overnight, with gold above $1500/ounce and oil above

Big Earnings Lineup Yields Big Results

Published on 2011-04-19 15:26:00

The market had a constructive day Tuesday, edging cautiously higher after yesterday's near debacle sparked by S&P's warnings about a possible future downgrade of US debt. The ratings agency revised outlook on US sovereign debt from stable to nega

Netflix (NFLX) Could See New Highs Again Soon

Published on 2011-04-19 11:48:00

Netflix, Inc. (NFLX) is a momentum favorite that has been one of the strongest stocks in the market over the last several years. NFLX trades very well technically and looks like it is shaping up for another move. Most are familiar with the Netflix s

Emerging Market Internet Stocks Fly in Flat Market

Published on 2011-04-19 11:41:00

The market has given back small overnight gains during today's session, but the action has been anything but quiet in the high-flying momentum arena. Treasury Secretary Timothy Geithner made the rounds on TV this morning saying the US would never los

Don't Forget About India (REDF)

Published on 2011-04-19 07:47:00

We’ve seen a lot of strength in the Chinese internet group for the past year, especially over the last few months. I think if you glance over to another major emerging market, there is also money coming into Indian Internet stocks, namely Rediff.co

Upgrades Downgrades, Stocks to Watch April 19

Published on 2011-04-19 07:38:00

Mattel, Inc. (MAT) Raised To Overweight From Neutral By Piper Jaffray MAT Excel Trust, Inc. (EXL) Trust downgraded to Neutral from Buy at UBS (Stock Dell Inc. (DELL) ests lowered at Collins Stewart on lower PC unit growth Abercrombie & Fitch C

SOHU Looks Ready for Primetime, Again

Published on 2011-04-19 07:26:00

For the past two months the Chinese Internet stocks, which we have covered on here many times, have been among the strongest stocks in the market. Traders have been rewarded buying dips and playing breakouts in the sector. SINA Corporation (SINA) ha

Apple (AAPL) Leads Market Back from the Brink, Goldman (GS) Earnings Boost Banks

Published on 2011-04-19 07:18:00

US stock futures point marginally higher Tuesday as earnings season heats up and investors continue to digest the US debt outlook revision from S&P. Yesterday we saw major technical damage as the market fear the possibility of more extensive aust

Apple (AAPL), Casinos (LVS, WYNN) Bounce as Market Pares Losses

Published on 2011-04-18 15:28:00

The market got hit hard Monday after S&P cut the outlook on US debt from stable to negative. Although they maintained a perfect AAA credit rating for the US, analysts warned there was a one in three chance the ratings agency could cut that rating

Interview with Jeffrey Hirsch from Stock Trader's Almanac

Published on 2011-04-18 14:21:00

*DISCLOSURE: No relevant position This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instru

Market Slammed as S&P Cuts US Debt Outlook- LULU Holding Up Best

Published on 2011-04-18 10:55:00

The market is trading sharply lower Monday after S&P cut its outlook for US debt to negative from stable, stating there was a one-in-three chances it would cut America's AAA rating within two years. Futures, which were already pointing lower over

Upgrades Downgrades, Stocks to Watch April 18

Published on 2011-04-18 08:07:00

CommVault Ststems, Inc. (CVLT) downgraded to Sell from Neutral at Goldman - Goldman downgraded CommVault citing relative valuation. Price target remains $32 A123 Systems, Inc. (AONE) "Long in the pre market 3 tier at $5.93" Goldman upgraded A123 cit

Earnings Season Off to Slowest Start in 2 Years, Futures Point Lower

Published on 2011-04-18 07:13:00

US stock futures point to a lower open Monday morning and the market is set to open right back into the 21- and 50-day moving averages that have been acting like magnets over the past week. Last week marked the beginning of Q1 earnings season, and th

Barron's Stocks To Watch

Published on 2011-04-18 06:34:00

The Boeing Company (BA) Cover Story - Boeing shares are poised for liftoff as the company's order cycle turns up. Here comes the Dreamliner = Set To Soar -2 Research In Motion Limited(RIMM) "I mentioned this week that it seemed over-criticized and t

WYNN Highlights Moves on OpEx Friday

Published on 2011-04-15 14:49:00

Although traders largely sit on the sidelines during often-quirky options expirations, the market had a productive day Friday, trading back up into an important short-term level. Wednesday's high in the S&P of 1321.35 will serve as a line in the

S&P Strategist Sam Stovall Shares Bullish Thoughts: Interview Part 1

Published on 2011-04-15 10:46:00

We were lucky fortunate to be joined by one of today’s top market commentators, Sam Stovall, Chief Investment Strategist, Standard & Poor's Equity Research. For over 10 years Sam and I have been friends. I have deep respect for his knowledge o

Futures Open Slightly Higher Ahead of Options Expiration

Published on 2011-04-15 08:49:00

Futures opened slightly higher but are trading lower early in Friday's session ahead of April options expiration. Traders often find the action on OpEx difficult to make sense of, so today it will pay to watch more than participate. Bank of America C

Upgrades Downgrades, Stocks To Watch April 15

Published on 2011-04-15 07:51:00

Google Inc. (GOOG) downgraded to Hold from Buy at Citigroup - and lowered its price target for shares to $650 from $750. Cisco Systems, Inc. (CSCO) downgraded to Hold from Buy at Auriga - Target lowered to $19 from $23. Harley-Davidson, Inc.

Gap Fill Thwarts Potential Bearish Complexion Change

Published on 2011-04-14 15:19:00

The market churned higher most of the session Thursday after pre-market losses, filling the gap and closing back up into the 21-day and 50-day moving averages. What at one point looked like it would be an important day for the bears turned out to be

SINA Rules, Banks Drool as Market Pares Overnight Losses

Published on 2011-04-14 11:15:00

The market has started to rally late Thursday morning after a gap down and early weakness during the session. The S&P opened well below the 21-day moving average, which had been acting a support, but it would take a definitive close below for tha

Big Buying Opportunity Looming- Get Your Watchlist Ready

Published on 2011-04-14 10:20:00

You should know by now that the best time to buy stocks as an investor is during periods of maximum pessimism. If you are a shorter term trader, the best time to enter a trade is “at the bottom of the envelop”. While neither of those situations e

Citrix (CTXS), Humana (HUM) Showing Relative Strength

Published on 2011-04-14 08:28:00

With recent weakness in the market I have been looking for stocks that have held their upper ranges and showing strength. One idea that fits the bill is Citrix Systems, Inc. (CTXS). Looking to the charts we can see that CTXS had a strong move up to n

Upgrades Downgrades, Stocks to Watch April 14

Published on 2011-04-14 07:46:00

Intel Corporation (INTC) downgraded to Neutral from Buy at Roth Capital Deutsche Bank AG (DB) downgraded to Hold from Buy at Societe Generale Microsoft Corporation (MSFT) estimates lowered at Credit Suisse lowered at ISI Group on lower PC shipment

Market Opening Below Support - Deeper Correction Looming or Buying Opportunity?

Published on 2011-04-14 07:24:00

US stock futures are set for a significantly lower open Thursday, below the 21-day moving average that has been acting as support during this most recent pull-back. The rally back toward highs simply ran out of steam starting late last week as invest

Casinos, Tech Bounce in Weak Tape

Published on 2011-04-13 15:30:00

The Dow and S&P were able to close only marginally higher, giving up gains from a healthy up open this morning. The Nasdaq was significantly strong, surging 0.6% higher as momentum tech stocks saw some money rotate back in. Despite trading sharpl

Understanding What Makes a "Magnet" Stock

Published on 2011-04-13 11:00:00

"It’s a funny thing about life…if you refuse to accept anything but the best, you very often get it…" -W. S. MaughamTo even get on my watch list, a company has to have so much going for it--it must have strong top line revenue growth, accelerat

Select Momentum Stocks Regaining Favor Despite Weak Market

Published on 2011-04-13 10:57:00

The market has traded lower during Wednesday's session after a promising up open. Futures were boosted this morning by strong earnings from JP Morgan Chase & Co. (JPM), but investors remain cautious. Although the indices have remained weak, many

Ralph Acampora Visits T3Live: Interview Part 3

Published on 2011-04-13 09:12:00

*DISCLOSURE: No relevant position This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instru

Upgrades Downgrades, Stocks to Watch April 13

Published on 2011-04-13 07:43:00

JP Morgan Chase & Co. (JPM) earnings beat helps boost futures Riverbed Technology, Inc. (RVBD) "3 upgrades so far - was long last night at the 34.4 level - Long from pre market levels" upgraded to Buy from Hold at Capstone: Price Target 40

Will JP Morgan (JPM) Earnings Lift Banks?

Published on 2011-04-13 07:16:00

US stock futures point to a higher open on Wall St, boosted by a solid earnings report from JP Morgan Chase & Co. (JPM) this morning. Earnings per share came in significantly higher than expected ($1.28 vs. $1.16) while revenues were in a little

Market Hangs Lower, but Holds Moving Average

Published on 2011-04-12 15:35:00

The market stayed down Tuesday after opening lower but held the 21-day moving average. After a strong bounce of lows from the Japan earthquake, investors are taking some profits and waiting cautiously to re-enter macro longs as the Japan nuclear cris

Buy the Best Stocks on Pullbacks

Published on 2011-04-12 14:07:00

If the base is long enough, buying breakouts can be very profitable. However, the market doesn't always make things as "easy" as they have been for much of the last 2 years. Many breakouts, and up trending stocks, can give you an even better entry po

Ralph Acampora Visits T3Live: Interview Part 2

Published on 2011-04-12 13:05:00

*DISCLOSURE: No relevant position This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instru

Market Weak on Japan Crisis, RIMM Breaks Support

Published on 2011-04-12 11:01:00

The market has remained weak during the session after a pre-market drop, seemingly triggered by resurgent fears over the nuclear situation in Japan. The severity of the crisis has been raised from 5 to 7, on par with Chernobyl. Although radiation le

Transocean (RIG) Short, Warnaco (WRC) Long

Published on 2011-04-12 07:48:00

By: Zev Spiro Basic materials names were hit hard yesterday with many closing below their 50-day simple moving averages. Weakness was especially visible in Oil and Gas related names. Below is a short idea in Transocean Ltd. (RIG), followed by a long

Upgrades Downgrades, Stocks to Watch April 12

Published on 2011-04-12 07:42:00

Alcoa Inc. (AA) "Short pre market 17.08, covered 17.02 - holding a partial" Slips 3% in Pre-Market - Downgraded to Underperform from Market Perform at BMO Capital Level 3 Communications, Inc. (LVLT) Upgraded to Neutral from Sell at UBS Sony Corpora

Can Market Find Support at Moving Averages?

Published on 2011-04-12 07:12:00

US stock futures are pointing lower Tuesday as the market has lost momentum on its climb back toward highs. The S&P is currently set to open below the gap from March 30 and into support at its 50-day moving average around 1315. After a precipitou

Time to short Silver (AGQ)… maybe…

Published on 2011-04-11 17:23:00

Commodities have been a major story in 2011 and silver has outperformed all commodities this year except cotton entering this week. For many investors, silver has been the precious metal of choice to hedge against inflation – for others, a safety t

Silver Short Pans Out, Market Heads Lower

Published on 2011-04-11 15:40:00

After Friday's break below the ascending channel, the market remained weak Monday as the S&P shed 0.3%. A downside break of an uptrend can often lead to lower prices before the next leg higher, so traders will likely be cautious and patient over

Ralph Acampora Visits T3Live: Interview Part 1

Published on 2011-04-11 13:55:00

Last week we had the privilege of welcoming a true legend of technical analysis, Ralph Acampora, into our office for an interview. During the interview, Ralph and I cover what is new, and what is old, in the world of technical analysis. For many ye

T3 Watchlist: FXI, EWZ, RSX outperform SPY since pivot low

Published on 2011-04-11 12:29:00

The multi-day sell-off in early March, resulting from the massive earthquake and nuclear fallout in Japan, gave investors a chance to really breakdown the markets from a relative strength standpoint. Finding stocks or markets that outperform after a

Resilient Fertilizers Bounce Off Moving Averages

Published on 2011-04-11 11:35:00

The market has been quiet Monday after opening slightly higher as the tug of war between the bulls and bears continues. Volume has been light with no economic data or news coming through today, but that could change with the start of another importan

The Art of Techno-Fundamental Analysis, and Why IDT is a Long

Published on 2011-04-11 09:09:00

“It is anticipation of growth rather than growth itself that makes for lively speculation and big profits in the so-called growth stocks. Once a trend was established, either up or down, it continued to move in that direction, as though drawn by po

Looking Short Silver after Parabolic Move

Published on 2011-04-11 08:18:00

I mainly target gold when trading precious metals, but silver has obviously grabbed the limelight by outperforming over the past few years. This morning gold is pulling off but silver has once again rallied to all-time highs. I've gotten involved tra

IPGP Bullish, SPY Follow-Up

Published on 2011-04-11 07:28:00

By: Zev Spiro Last week, a candlestick pattern was outlined in SPY, displaying signs of vulnerability, with confirmation on Thursday. Friday's sell-off touched down on the gap, the first support level highlighted, and rallied back up. The Russell

Facebook, Baidu Deal Could Help Chinese Stocks Regain Momentum

Published on 2011-04-11 07:20:00

US stock futures point to a slightly higher open Monday morning despite another 6.6 magnitude earthquake only about 50 miles from the troubled Fukushima Daiichi nuclear plant. The market was bent but not broken on Thursday after a 7.1 earthquake hit

Market Closes Week on Negative Note

Published on 2011-04-08 15:07:00

The week started out with quiet, tight range-bound trading, but the action has loosened up in the last two days following another large earthquake in Japan. The market was able to pare much of yesterday's earthquake-induced losses, but today, after g

Watch Energy Companies Lucas (LEI), Blue Dolphin (BDCO), Royale (ROYL)

Published on 2011-04-08 10:45:00

I would keep the small tier energy stocks on the radar like Blue Dolphin Energy Company (BDCO), Lucas Energy, Inc. (LEI), and Royale Energy, Inc. (ROYL). BDCO is the closest to 52-week highs and looks strong. I've been in LEI and ROYL the past couple

IntraLinks (IL) Provides Good Risk-Reward

Published on 2011-04-08 10:01:00

Don't forget about new issues! IntraLinks Holdings, Inc. (IL), which was issued last September, is just starting to break out of an upper consolidtaion area and looks poised to make new 52-week highs. IntraLinks is a global provider of software-as-a

Futures Point Higher as Market Shrugs Off Latest Japan Quake

Published on 2011-04-08 08:17:00

US stock futures are set for a higher open this morning as investors shrug off the latest earthquake in Japan. Yesterday, news of another substantial quake shook Tokyo and re-introduced fear back into a complacent market, but reports are that there w

Market Able to Pare Losses After Minimal Quake Damage

Published on 2011-04-07 15:34:00

The market started the day strong Thursday, but another major earthquake in Japan, this one measuring 7.1 on the Richter scale, sent the market plummeting in the late morning as traders scrambled to gather more information. The quake's epicenter was

Controlling Risk, and Emotions, Using a Tier System

Published on 2011-04-07 12:43:00

Should I, or shouldn’t I? Sometimes that’s not the question. The question should be: how much? Many traders/investors freeze up when their ‘alerts’ go off- even when they had gone through the work of identifying a stock and the price they wa

Another Earthquake Rattles Japan, Markets

Published on 2011-04-07 10:56:00

The markets were rattled late morning Thursday after reports that another substantial earthquake had rocked Japan's Northeast region. The 7.1-magnitude quake was large, but considerably smaller on the Richter scale, which is exponential, than the 9.0

Bullish Trigger in Huntsman (HUN)

Published on 2011-04-07 07:52:00

By: Zev Spiro While the big picture for the major indices still appears healthy, the markets feel slightly heavy at these levels with many individual names experiencing selling yesterday. A minor and healthy pull back in the overall markets may prov

Upgrades Downgrades, Stocks to Watch April 7

Published on 2011-04-07 07:46:00

Last night’s noteable events: Bed Bath & Beyond Inc. (BBBY)“Beat and repots in line guidance with a very strong quarter – Stock closed post market trading on highs up$5 above $54” Fifth Street Finance Corp. (FSC) Announced a convert

Market Ready to Put On Green Jacket?

Published on 2011-04-07 07:27:00

S&P futures are currently slightly lower pre-market as the market continues to stall in front of bigger resistance. Yesterday after opening at the upper end of the current range, the market pulled off, while most of the high-flying stocks from ea

Banks Take Their Turn in Sector Rotation

Published on 2011-04-06 15:45:00

After a strong up open put the market at the upper end of a tight multi-day range, high-flying stocks faltered and the market drifted down to the bottom end of the range. But it seems the market can't make up its mind over the next move. In the after

Market Yanked Back Into Multi-Day Range as High-Fliers Falter

Published on 2011-04-06 10:54:00

Banks have been strong in a weak tape today, a sign of better things to come? After gapping up just above the recent tight consolidation, the market is selling off during Wednesday's session. Many of the high flying stocks we have seen run wild over

Watch Autodesk (ADSK) for New Highs

Published on 2011-04-06 08:22:00

With continued market strength, I constantly look for stocks trading in the upper right corner of their charts. One of my favorite ideas right now is Autodesk, Inc. (ADSK). The technical and system software marker has shown a nice consolidation afte

Is Today the Day for Bank Bounce? (JPM)

Published on 2011-04-06 08:18:00

While we have seen great sector rotation during this bounce over the past few weeks, one group we have not seen participate is the banks. The group has continued to cope with the uncertainty of new financial regulations, and each time they seem poise

Upgrades Downgrades, Stocks to Watch April 6

Published on 2011-04-06 07:47:00

Last nights noteable events: American Superconducor Corporation (AMSC) "Traded as low as 12.77 last night, down over 11 before retracing to the -10 $14.75 level - it's a horrific warning 40m vs 120m, losing a customer that is

Calgon Carbon (CCC) Close to Confirmation

Published on 2011-04-06 07:43:00

By: Zev Spiro A significant signal occurred yesterday in Calgon Carbon Corp. (CCC) that may confirm shortly. The signal was a breakout above the upper boundary line of a macro symmetrical triangle pattern. If confirmed, a price objective of $27.50,

Which Gold Miners Still Have Room to Run?

Published on 2011-04-06 07:34:00

The S&P’s have been flagging right below the highs of the year. Yesterday, we traded to the top of the recent three-day range before pulling off and closing near the bottom end. This morning, the S&P is opening up today at 1333-1335. If we

Gold, Silver Miners Blast Off; Can They Continue?

Published on 2011-04-05 15:46:00

The markets were basically unchanged Wednesday, but if you were in the right sectors, it certainly didn't feel like a flat day. The market grinded higher during the morning trade, testing the upper end of the current three-day range, and then after t

Gold, Silver Continue Surge Higher

Published on 2011-04-05 15:01:00

By: Alix Steel from theStreet.com Gold and silver prices reversed earlier losses and soared Tuesday as disappointing U.S. economic data sent investors into metals as protection against global uncertainty. Gold for June delivery settled up $19.50 to

Patience with Magnet Stocks: Interview with Acacia Research Corporation (ACTG) CEO

Published on 2011-04-05 13:09:00

When a new name appears in the “Top 10” of my Magnet Stock Selection List, I want to understand the fundamentals driving the company. When it is a company that is under-followed by analysts, it provides even better opportunity. Magnet Investing

Apparel, Commodity Stocks Lead Market Bounce

Published on 2011-04-05 11:20:00

After opening lower near the bottom end of the current three-day range, the market has been strong all-day and is close to testing the upper end of the that same tight consolidation. At this stage, every time the market feels like it could get even a

Big Move Ahead for Stocks? (Scott Redler on CNBC)

Published on 2011-04-05 09:17:00

*DISCLOSURE: Scott Redler is long FCX, SSYS, LVS, JPM, XOM, AAPL, GLD, V, F, OIH, BAC. Short SPY. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affilia

Upgrades Downgrades, Stocks to Watch April 5

Published on 2011-04-05 07:42:00

Last nights notable events Texas Instruments Incorporated (TXN) National Semiconductor Corporation (NSM) TXN paying a huge premium for NSM "TXN made for a great liquidity event trade post market. In long several tier several times at the 33.40 leve

Macro and Swing Opportunities in Vertex Pharmaceuticals (VRTX)

Published on 2011-04-05 07:36:00

By: Zev Spiro On February 23rd, a significant macro breakout occurred in Vertex Pharmaceuticals Inc. (VRTX). A complex inverse continuation head and shoulders pattern triggered, via a breakaway gap, accompanied by a surge in volume. Both the gap and

Is Overnight Drop More than Just Healthy Digestion?

Published on 2011-04-05 07:28:00

Texas Instruments acquisition of National Semiconductor has provided a major boost to the entire sector. US stock futures point to a lower open, a rare sighting over the past few weeks as the market has rebounded back to near multi-year highs. Panic

Market Resting Before Final Move Back to Highs

Published on 2011-04-04 15:39:00

The markets were nearly unchanged Monday as investors show caution at the last resistance area before multi-year highs. The S&P touched the upper end of the earlier wedge pattern on Friday before some profit taking. The composure remains very bul

Chinese Internet Stocks Lead, RIMM Looks Sickly

Published on 2011-04-04 11:26:00

The market has filled the gap this morning after a slight gap up, once again finding it difficult to break through the last resistance zone before multi-year highs. On Friday the market traded higher in to that resistance level before being turned aw

Low Risk Buy in Under Armour (UA)

Published on 2011-04-04 07:34:00

By: Zev Spiro The major market indices staged an impressive rally over the last two and a half weeks. Many individual names that were highlighted broke out with decent follow through last week, such as Sohu.com Inc. (SOHU), SM Energy Company (SM)

Market Set to Open Above Friday's High, Precious Metals Up Big

Published on 2011-04-04 07:19:00

US stock futures point to a higher open on Wall Street Monday as the market continues its relentless climb back toward multi-year highs. On Friday, the market added to hefty pre-market gains until an afternoon sell-off tempered bullish enthusiasm. A

Weekend Highlights - Barron's Stocks to Watch Monday

Published on 2011-04-03 15:52:00

Barron's Cover: General Electric Company (GE) After a decade of disappointment, General Electric is ready to revive. Why CEO Jeffrey Immelt could go from F student to the head of the class. Feature: Carnival Corporation (CCL) Hop On Before This

Upgrades Downgrades - Last Nights Notable Events

Published on 2011-04-01 08:44:00

Last nights notable post market events: Omeros Corp. (OMER) Halted - they make no money and their lead candidate just failed phase III Logi International S.A. (LOGI) warns - Long pre 8 am market from 14.45 for a possible scalp to 15 Todays nota

T3 Watchlist: BIDU, SOHU, SINA among leading emerging market stocks in 2011

Published on 2011-03-31 13:39:00

Goldman Sachs Group Inc. wrote in a report yesterday that, “emerging-market stocks may rally 14% as central banks slow the pace of monetary tightening, food inflation eases and China's economy accelerates...” Listed below are top performing emer

Market Trades in Tight Range Ahead of Quarter's End

Published on 2011-03-31 10:48:00

The major indices are basically unchanged Thursday as investors seemingly stand pat into the end of the quarter. The first quarter of 2011 was a volatile one, beginning and ending much like the last, but with plenty to talk about in between. We have

Riverbed (RVBD), Juniper (JNPR) Could Bounce

Published on 2011-03-31 10:12:00

With recent blowout earnings from Red Hat, Inc. (RHT) and strength coming into names like Rackspace Hosting, Inc. (RAX) and EMC Corporation (EMC), both making new 52 week highs recently, I believe the next cloud name to make a move will be Riverbed T

Upgrades Downgrades, Stocks To Watch March 31

Published on 2011-03-31 07:54:00

Last night’s notable events: The Mosaic Company (MOS) revenue fell short of market expectations “made for a good short on the guide headline after beating on the eps – watching to see if it can go positive today after the lower guide”

Citrix (CTXS) to Continue Higher

Published on 2011-03-31 07:42:00

By: Zev Spiro A primary uptrend is present in Citrix Systems, Inc. (CTXS), defined by the primary bullish support line and the 40-week (or 200 day) Simple Moving Average. At the end of a strong summer rally the price traded up to resistance of a ch

Clouds Could Lift as End-of-Quarter Beckons

Published on 2011-03-31 07:29:00

US stock futures point to a near flat open Thursday as investors await a deluge of economic data over the next two days. Because the first day of April falls on a Friday, tomorrow will bring both the non-farm payrolls & unemployment numbers and t

Big Day for Bulls as Market Builds on Overnight Gains

Published on 2011-03-30 15:38:00

The market trended higher for most of the day after a large gap up before giving back a portion of intraday gains into the close. The bulls continue to exercise control of this market since taking back the moving averages. The earthquake and nuclear

Lagging Sectors Playing Catch-Up: Healthy Sign for the Rally

Published on 2011-03-30 10:52:00

The market has held in a tight range Wednesday after a big gap up. This time around, though, some of the recent high-flyers have been reigned in while some laggards have provided a boost to the indices. As we mentioned in the T3Live.com Morning Call

SM Energy (SM) Ready to Resume Uptrend

Published on 2011-03-30 07:49:00

By: Zev Spiro A potential bullish continuation inverse head and shoulders pattern is developing in SM Energy Company (SM), as the stock reaches all-time highs. The uptrend is intact with support from the intermediate rising trend line, notwithstandi

Upgrades Downgrades, Stocks to Watch March 30

Published on 2011-03-30 07:42:00

Last Nights Notable News Evens: Kraton Performance Polymers Inc (KRA) To Offer 6M Shrs Of Common Stock Upgrades Downgrades Stocks to Watch Philip Morris International Inc. (PM) upgraded to Conviction Buy from Buy at Goldman Price target raised to

With Market in Confirmed Rally, Where Can You Still Buy?

Published on 2011-03-30 07:34:00

US stock futures point to a healthy up open on Wall Street after yesterday's reversal off the 50-day moving average. Yesterday the market was weak early but the reclaimed MA acted as support and we rallied hard right into the upper end of the three-d

Market Continues Ascent After Session Close

Published on 2011-03-29 15:39:00

The market was weak early after a nearly flat open, but quickly bounced off the 50-day moving average and trended higher for most of the day. The S&P closed right at the high end of the recent three-day consolidation and it will interesting to se

Which Comes First, Momentum or Magnet?

Published on 2011-03-29 13:36:00

It is well documented that using momentum as a factor while selecting stocks works. The trend is your friend, right until the end. For companies to make it into the S&P 500, first they need to pass through the Russell 2000 then the S&P mid c

Market Bounces Off 50-Day, SOHU Explodes

Published on 2011-03-29 11:07:00

After early weakness sent the market down through its 50-day moving average, buyers stepped in the to take the market green Tuesday. Having reclaimed the 50-day moving average from the bears, the bulls are showing that they are ready and able to defe

Omnivision (OVTI) Could Break Out

Published on 2011-03-29 10:07:00

OmniVision Technologies, Inc. (OVTI) is making a run to 52 week highs this morning. It's been a strong stock that came on the radar in the past few months. It never broke its 50 Day MA when the market did 2 weeks ago, and has room to run. At this st

Upgrades Downgrades, Stocks to Watch March 29

Published on 2011-03-29 07:50:00

Last Night's Post-Market Notables: The Home Depot, Inc. (HD) Announced a 1b buyback TAL International Group, Inc. (TAL) Group Announces Common Stock Offering Phillips-Van Heusen Corporation (PVH) Good Earnings, traded up around the 64 level

Long Entry Opportunity in SOHU

Published on 2011-03-29 07:35:00

By: Zev Spiro After reviewing several charts last night it is interesting to note that there are bull and bear markets in many different names and sectors, all occurring at the same time. There are currently trades and setups in both directions. O

Futures Resume Climb After Sneaky Late-Afternoon Pull-In

Published on 2011-03-29 07:15:00

US stock futures point to a slightly higher open again Tuesday with no new developments in the various leading stories throughout the world. It appears there was no carry-over from yesterday's late afternoon flush, and we could continue to see some m

Lululemon (LULU) Adds to Gains After Announcing 2-for-1 Stock Split

Published on 2011-03-28 15:37:00

The market traded quietly in a tight range for most of the session Monday before selling off sharply in the last half-hour. The quick drop erased most of Friday's gains and sends the market back down into its 50-day moving average. While the bulls ha

The Truth About Diversification

Published on 2011-03-28 13:18:00

Everyone has their own goal and approach to managing wealth and entering the financial markets. I cannot tell anyone how diversified to be because everyone has their own tolerance for risk and volatility. If you are looking for “market returns”

Market Once Again Choppy Near Resistance

Published on 2011-03-28 11:10:00

After a slight up open this morning, the S&P pushed into Friday's high before being turned away. A strong three-day bounce last week that saw bulls retake control of the 50-day moving average, but at this stage the major indices are demonstrating

OIH Breaks Out of Flag

Published on 2011-03-28 10:08:00

The oil service group had been giving us a ton of clues on direction of this market. It typically leads and it has acted very well. This had been acting very healthy starting way back in September. We put numerous strategies out regarding the Oil Ser

Weekend Barron's - WSJ - NYT Highlights

Published on 2011-03-28 08:05:00

Barron's Features Honeywell International Inc. (HON) Ready for Liftoff Eastman Kodak Company (EK) Weekday Trader: Eastman Is Northbound Oshkosh Corporation (OSK) A Return Visit To Earlier Stories: Oshkosh Shares: Still Embattled Apollo Global Ma

Bullish Trigger in McMoRan Exploration (MMR)

Published on 2011-03-28 08:02:00

By: Zev Spiro Last week the bulls regained control of the 50-day simple moving averages in the major market indices. A fast move pushed the indices through minor resistance. Previous patterns’ boundary lines are being approached, which may initia

Watch Oil Service Stocks, JP Morgan for Catch-Up Plays

Published on 2011-03-28 07:24:00

US stock futures point to a slightly higher open again Monday after a strong three-day bounce last week saw the bulls retake control of the market. The key level to watch last week was the 50-day moving average, and Thursday the bulls were able to ge

Market Hits Resistance after Three-Day Run

Published on 2011-03-25 15:06:00

The market took off to the upside Friday after opening higher, but has since come off and is near flat for the session. Bulls continue to wrest back control of this market from the bears, having reclaimed the all-important 50-day moving average. Howe

Market Set for Another Up Open as Bulls Seize Control

Published on 2011-03-25 08:28:00

US stock futures once again point to a modestly higher open again Friday, holding above the important 50-day moving average which was reclaimed yesterday by the bulls. Despite a weak earnings report from Research in Motion Limited (RIMM), followed by

Upgrades Downgrades, Stocks to Watch March 25

Published on 2011-03-25 08:06:00

Akamai Techologies Inc. (AKAM) upgraded to Overweight from Neutral at Piper Jaffray a $45 price target citing the recent pullback in shares. positive article in seeking alpha - takeover rumer - http://seekingalpha.com/article/259807-8-takeover-rumors

Bulls Taking Back Control with Close Above 50-Day

Published on 2011-03-24 15:27:00

Much like yesterday, the market opened higher, fell in early trading and then trended higher for most of the session. Today we witnessed an important battle between the bulls and the bears over control of the 50-day moving average. After a period of

Proper Sector Rotation is Key to Profitable Investing

Published on 2011-03-24 11:41:00

An old University of Chicago study suggested that individual stock selection is the LEAST important factor to success in trading the market. (Something that's a little hard to believe, but bear with me). The study says 60% of returns depend on the di

Crucial Battle Rages at 50-Day Moving Average

Published on 2011-03-24 11:13:00

After solid overnight gains, the market drifted lower to fill the gap before taking off higher to test the crucial 50-day moving average. Now, an important battle is being waged between the bulls and bears for control of this market. A cross back abo

Semiconductors Could Fill Gaps (LRCX, KLAC)

Published on 2011-03-24 08:06:00

With Micron Technology, Inc. (MU) and Jabil Circuit, Inc. (JBL) recently reporting better than expected earnings I believe the semiconductor sector will begin to catch a bid again. My two favorite ideas in this sector are Lam Research Corporation (L

Upgreades Downgrades, Stocks to Watch March 24

Published on 2011-03-24 07:54:00

Bank of America Corp. (BAC) downgraded to Market Perform from Outperform at FBR firm lowered its price target for shares to $15 from $18. Micron Technology, Inc. (MU) upgraded to Neutral from Reduce at Nomura Price target is $11.20. Raised To

Macro Trend in Ameriprise (AMP) May End

Published on 2011-03-24 07:27:00

By: Zev Spiro A macro bullish trend has been in place for Ameriprise Financial Inc. (AMP) since early 2009. Currently prices are at major resistance from 2007 and may be close to a trend change. There is a negative divergence seen in the RSI indicat

Market Set to Follow-Through After Yesterday's Reversal

Published on 2011-03-24 07:20:00

US stock futures are following through to the upside this morning after a powerful intraday reversal during Wednesday's session. Foreign markets took the cue from Wall Street overnight, shrugging off concerns in Portugal after parliament rejected the

Baidu (BIDU), Freeport (FCX) Highlight Powerful Intraday Reversal

Published on 2011-03-23 15:24:00

The market was weak early after gapping down, but after filling the gap from Monday's gap up, the market bounced hard, re-testing resistance at the 1300 level of the S&P. Despite the potential dissolution of the government in Portgual, a civil wa

Market Remains in Red, but Select Stocks Showing Relative Strength

Published on 2011-03-23 11:27:00

After a small down open Wednesday, US equity markets continued to fall early in the session before paring the intraday losses. In Japan, reconstruction cost estimates have been pegged at around $300 billion and concerns about nuclear radiation conti

Amazon (AMZN) Presents Outstanding Risk-Reward Out of Downtrend

Published on 2011-03-23 08:20:00

Amazon.com, Inc. (AMZN) has been a beaten up and has yet to bounce in the recent market retracement off lows. It has built a base above $160, which looks to be good level of support. I believe if AMZN can break and close above the down trending chann

Upgrades Downgrades, Stocks to Watch March 23

Published on 2011-03-23 08:12:00

Target Corporation (TGT) Target estimates lowered at Credit Suisse. Shares are Neutral rated with a $58 price target. PulteGroup, Inc. (PHM) Raised To Conviction Buy From Neutral By Goldman Sachs Church & Dwight Co., Inc. (CHD) Price target rai

Double Trigger in Infosys Technologies (INFY)

Published on 2011-03-23 07:22:00

By: Zev Spiro Infosys Technologies Limited (INFY) recently broke a major level of support. The level was a combination of the 200-Day Simple Moving Average (SMA) and the neckline of a bearish head and shoulders pattern. On March 16th, a strong sell

Foreign Market Ills Restrain US Stock Futures

Published on 2011-03-23 07:15:00

US stock futures are giving back overnight gains and now point to a slightly down open Wednesday after the market stalled out near resistance yesterday. Oil prices continue to surge to around $105 a barrel over unrest and escalating conflicts in the

Market Stalls Out at Resistance, Rare Earth Explodes

Published on 2011-03-22 15:32:00

The market closed slightly lower Tuesday, trading in a tight range after three consecutive gaps up. Headlines regarding the nuclear crisis in Japan and unrest in the Middle East have been driving the market action over the past few weeks, and althoug

Freeport-McMoRan (FCX) Holding Up Well

Published on 2011-03-22 14:46:00

Last week during the volatility in the market, Freeport-McMoRan Copper & Gold Inc. (FCX) was one of the first stocks to provide leadership when it put in an igniting bar to the upside to poke its head above its 2011 downtrend. Since then, it has

Emotional Cycle of a Bull Market: Where We Are

Published on 2011-03-22 13:23:00

One of the best ways to judge where you are in the cycle between bull and bear markets is by listening to the crowd psychology. There is a pattern that usually plays out the same way, from capitulation to despondency to depression to hope to relief t

Molycorp (MCP) Boosted By Rising Rare Earth Prices

Published on 2011-03-22 11:55:00

The market is trading marginally lower Tuesday as the nuclear situation in Japan slowly stabilizes and widespread unrest in the Middle East continues. After three straight gap ups, the market ran out of overnight steam as investors remain somewhat ca

Upgrades Downgrades, Stocks To Watch March 22

Published on 2011-03-22 08:05:00

Stock Offerings American Capital Agency Corp. (AGNC) (Long single tier pre 8 am mkt at 27.97) Priced a 28 mln share common stock offering for total estimated gross proceeds of approximately $780 mln (which equates to roughly $27.86/share). James

Hess (HES) in Distribution

Published on 2011-03-22 07:43:00

By: Zev Spiro Major market indices are bouncing as anticipated, although the speed is slightly quicker than expected. The S&P 500 index is close to major resistance, therefore, a halt to the rally is expected if the markets are to continue lower

Investors Remaining Cautious After Monday Jump

Published on 2011-03-22 07:24:00

US stock futures point to a slightly higher open this morning after lofty gains on Monday. Foreign markets spent another day recovering as the Nikkei rose 4.5%, but investors were more restrained trading the American markets overnight. While the apoc

Can Market Build on Monday Bounce?

Published on 2011-03-21 15:42:00

The market gapped up big Monday but was quiet during the session. Recently, the market has been very headline-driven, and at the moment the headlines have been tame enough to let the market bounce a bit. The nuclear crisis in Japan appears to be stab

Don't Hesitate When Pullback Comes

Published on 2011-03-21 14:27:00

We were all looking for a pullback, weren’t we? As an active investor, you must use market psychology in order to gain good entry points on pullbacks. When you are in strong markets like we are now, you need to be patient and use pullbacks to get

Don't Chase as Market Hits Resistance Zone

Published on 2011-03-21 11:34:00

The market is drifting higher in Monday's session after a large gap up to kick off the week. Fears regarding the Japan nuclear crisis appear to be dissipating, and attacks by coalition forces in Libya are appearing to be cheered by the market. From a

Upgrades Downgrades, Stocks to Watch March 21

Published on 2011-03-21 07:54:00

New York Times Company (NYT) Raised To Buy From Hold By Citigroup Potash Corp./Saskatchewan (POT) upgraded to Buy from Neutral at Goldman prices. Price target raised to $58. CF Industries Holdings, Inc. (CF) downgraded to Sell from Neutral at

Sellers Rotating Into OIH

Published on 2011-03-21 07:48:00

By: Zev Spiro A potential bearish scenario for the major market indices was highlighted last Wednesday. There may be a range-bound consolidation, or bounce and roll-over, lasting anywhere from one to three weeks before going lower. Potential key res

Is Market Cheering Potential Libya War?

Published on 2011-03-21 07:37:00

US stock futures point to healthy gains for Wall Street Monday as the situation at the Fukushima Daiichi nuclear site looks to be stabilizing. Also, over the weekend a coalition led by the US and France launched a series of missile attacks on sites i

Stocks to Watch Monday AM

Published on 2011-03-20 15:44:00

Notable weekend headline's AT&T (T) To Buy T-Mobile USA for $39 Billion (Watching T pre market - story broke Sunday PM) American International Group Inc. (AIG) Sees $1 Billion in Losses From Disasters (Story out late Friday night) Barron's C

Risk Management Paramount in Headline-Driven Market

Published on 2011-03-18 15:02:00

After opening higher this morning, the market has drifted lower in a quiet Friday session. The ongoing nuclear crisis in Japan has made this a historic week in the world and a volatile week in the market. Trader's have been unable to lean with any co

T3 WatchList: EWJ, TIF, TM, CCJ, AAPL among Japan crisis movers...

Published on 2011-03-18 12:29:00

The combined earthquake and tsunami in Japan has resulted in untold human loss, massive infrastructure destruction and fear in the markets. It is important for active investors to keep track of stocks that will be affected by the fallout of the crisi

Futures Point Higher After Yen Intervention Agreement

Published on 2011-03-18 08:23:00

US stock futures point to a higher open Friday after the Group of Seven decided to take action to stop the surge of the Japanese Yen currency. The market continues to be driven by news, or the lackthereof, regarding the nuclear power plant at Fukushi

Upgrades Downgrades, Stocks To Watch March 20

Published on 2011-03-18 08:07:00

PNC Financial Services (PNC) target raised to $73 from $62 at Deutsche Bank NIKE, Inc. (NKE) GS has egg on there face on this one it seems (Double Downgrade, violating 80 and the 200 day ma.) Goldman: neutral from conviction buy: price target lowere

Looking to Fade Solars After Big Run

Published on 2011-03-17 15:47:00

The solar sector has seen a multi-day run up on fears that nuclear energy is no longer a safe alternative energy source. I feel these solar stocks have gone a long way too fast and am looking to fade this move on strength. I began shorting Trina Sol

Nuclear Unknowns Limit Market Bounce

Published on 2011-03-17 15:36:00

The market was choppy during the session Thursday after a large gap up erased much of Wednesday's losses. After two days of extremely volatile action, the market now finds itself in a tricky spot. Headlines have driven the action since the earthquake

Global Unease Could Weigh on Priceline (PCLN)

Published on 2011-03-17 13:38:00

Priceline.com Incorporated (PCLN) has been holding up well but is now close to breaking its uptrend. With all going on and the technical damage in the indices, the selling pressure gets to most everyone eventually. With oil up and problems all over

Market Hits Resistance After Morning Gap Up

Published on 2011-03-17 11:10:00

The market has been quiet during the session Thursday after healthy overnight gains. Perhaps traders are busy finalizing their NCAA tournament brackets ahead of the kick-off of March Madness. Despite reclaiming much of Wednesday's losses, investors a

Upgrades Downgrades, Stocks to Watch March 17

Published on 2011-03-17 08:14:00

Akamai Technologies, Inc. (AKAM) Raised To Buy From Hold By Stifel Nicolaus BMC Software, Inc. (BMC) downgraded to Hold from Buy at Stifel Nicolaus Amgen, Inc. (AMGN) (Holding pre market highs since the headline) New restrictive NCD for ESAs in CK

P.F. Chang's (PFCB) China Bistro Close to Trigger

Published on 2011-03-17 08:07:00

By: Zev Spiro Markets sold off on heavy volume across the board yesterday. Stops can be trailed lower for many short positions that were initiated over the past month in names such as Goldman Sachs Group, Inc. (GS) and Venoco, Inc. (VQ), (more liste

As Nuclear Crisis Reportedly Wanes, What Stocks Can Lead Bounce?

Published on 2011-03-17 07:32:00

US stock futures are on pace for solid gain Thursday morning after another bout of heavy selling yesterday due to concerns about a full-blown nuclear meltdown. While yesterday concerned comments from the EU energy chief and Japanese officials sent st

Nuclear Catastrophe Warning Sends Market Through Lows

Published on 2011-03-16 15:45:00

Wednesday was a volatile roller-coaster for the markets, as more fears of nuclear meltdown in Japan triggered a sharp late-morning sell-off. The day started off quietly after yesterday's morning gap down and bounce, with the market drifting higher fo

Headline risk in Cameco (CCJ) similar to BP after oil spill?

Published on 2011-03-16 14:11:00

The catastrophic events unfolding in Japan caused by last week's 9.0 earthquake led to the death of thousands, with many more missing. Mother-nature wreaked havoc on infrastructure, crippling Japan's nuclear power plants; forcing millions to survive

Cut Risk After EU Japan Nuclear Warnings

Published on 2011-03-16 11:27:00

After a small morning gap down, the market was slowly churning higher this morning before a grave warning from EU Energy Chief Guenther Oettinger sent stocks tumbling. Oettinger stated that he sees the potential for catastrophic events in the next fe

Upgrades-Downgrades, Stocks To Watch March 16

Published on 2011-03-16 08:17:00

Netflix, Inc. (NFLX) (Up strong on the pre-market and thru yesterdays highs) WSJ: Programming Plan Could Make Netflix New HBO Rival Apple Inc. (AAPL) downgraded to Market Perform from Outperform at JMP Securities Hercules Offshore, Inc. (HERO) FBR

Roadmap for the Indices, MSCI Target $27.50

Published on 2011-03-16 08:10:00

By: Zev Spiro It was a very interesting day yesterday. World markets were spooked on Japan headlines and the major market indices had significant gap-downs at the opening bell. SPDR S&P 500 Trust (SPY) traded slightly below the $127 short term t

What Stocks are Still Buyable After Yesterday's Big Bounce?

Published on 2011-03-16 07:24:00

US stock futures are close to flat this morning after yesterday's emotional roller coaster. Investors are trying to regain their balance after an enormous pre-market down overnight and then bounce during the session that erased more than half of thos

When Market Gets Emotional, Get Technical

Published on 2011-03-15 16:45:00

When headlines hit and emotions run rampant, I look to the charts to measure the technical action. After measuring the strength on three different time frames, I see that this rally is still intact. We have haven’t violated any of the major retrace

Market Recovers Half of Massive Overnight Losses

Published on 2011-03-15 15:38:00

After a nearly 300 point gap down in the DOW this morning, the market recovered more than half of those losses during the session. The catalyst for the overnight drop was an increase in radiation from the damaged nuclear reactors in Japan, and during

Tech Leaders Highlight Morning Bounce

Published on 2011-03-15 11:02:00

After a massive gap down triggered by the deteriorating nuclear crisis in Japan, US markets have bounced in the morning trade. Pre-market the S&P touched the 1255, opened at around 1261, and is now about 10 handles off the low. While the bounce i

Upgrades Downgrades, Stocks To Watch March 15

Published on 2011-03-15 08:09:00

The Southern Company (SO) upgraded to Buy from Hold at Citigroup - Citigroup upgraded Southern Company due to valuation and believes the nuclear crisis should not impact the company's new nuclear project. Citi has a $40 price target for shares. Netf

Futures Slammed Amid Worsening Japan Nuclear Crisis

Published on 2011-03-15 07:25:00

Dow futures are down nearly 300 points this morning following a 10.6% overnight drop in the Japanese markets. The catalyst for the downside follow-through is a worsening of the nuclear crisis in Japan, where officials have confirmed a significant amo

Market Pares Losses As Investors Evaluate Earthquake Implications

Published on 2011-03-14 15:45:00

After a down open, the market drifted through Friday's lows in the morning before bouncing in the afternoon. As expected, there was no conviction to the moves in the market today as investors continue to evaluate the longer-term implications of the J

Support Levels to Watch as Market Remains Weak

Published on 2011-03-14 11:17:00

The market has turned South during Monday's session as concerns about the earthquake aftermath in Japan continue to weigh on world markets. The Japanese Nikkei finished down 6.2% as workers try to prevent complete meltdowns at three nuclear facilitie

SPY, T. Rowe Price (TROW) Trigger Short

Published on 2011-03-14 09:08:00

By: Zev Spiro Last week’s SPDR S&P 500 Trust (SPY) candle broke the intermediate up trend line that began August 2010, with both percentage and volume confirmation present. In addition, I highlighted a consolidation pattern on the daily SPY ch

Ford (F) Could Take Advantage of Japan Auto Weakness

Published on 2011-03-14 08:31:00

With Toyota Motor Corporation (TM) under pressure with some other Japanese auto companies, common sense tells me to look at Ford Motor Company (F). The stock has pulled in from $19ish and has been mired in a month and a half long downtrend since its

Weekend Stock Highlights and Barron's Recap

Published on 2011-03-14 07:26:00

Late Post Market Friday Night: Lawson Software Inc.,(LWSN) Confirms Receipt of an unsolicited proposal. LWSN jumped from Wednesday to Friday from 10 to 11, after closing on Friday strong. World was out it would appear when it spiked at the bell. Ne

Solar Stocks Heat Up, Uranium Cools Amid Japan Fallout

Published on 2011-03-14 07:24:00

US stock futures point to a lower open Monday as Japan continues to survey the full scope of the damage done by the massive 8.9 magnitude earthquake last week. The Japanese markets plunged 6.2% Monday, its worst one-day performance in more than two y

Bulls-Bears Set for Showdown Next Week After Friday's Bounce

Published on 2011-03-11 15:29:00

After consolidating in a wedge pattern for more than two weeks, the market finally got some resolution this week. The break came to the downside, something investors might have thought unthinkable after a nearly three-month run starting in December w

Covered My Cute Silver Short

Published on 2011-03-11 09:50:00

On Monday I decided to try a "cute" short trade in silver. The metal had a massive run since breaking out above the $30.40 level to new highs, and felt a bit over extended. I got short tier 1 with an average price of $35.55, and fought the trade for

Massive 8.9 Earthquake Rocks Japan, Adds to Risk Aversion

Published on 2011-03-11 08:06:00

A massive 8.9-magnitude earthquake struck Japan overnight, the most powerful to hit the country in more than 100 years and the fifth largest quake in recorded history. The quake, whose epicenter was about 80 miles off the cost and 200 miles away from

All Eyes on Saudi Arabia After Market Breaks Down from Wedge

Published on 2011-03-10 15:40:00

The market resolved the wedge pattern to the downside overnight and was unable sustain a bounce during Thursday's session. The market closed just off the lows of the day, which also stands at previous support from earlier in the wedge formation. Afte

T3Live Watchlist: MCP, MCD, MW defend 20-day SMA

Published on 2011-03-10 14:22:00

Molycorp (NYSE:MCP) used fundamental momentum from better than expected earnings to hold technical support at it's 20-day simple moving average(SMA). Stocks showing relative strength during a major sell-off illustrate potential money flow into stocks

Was This Definitive Resolution of the Wedge?

Published on 2011-03-10 11:27:00

The market opened sharply lower and got an early flush before finding its footing at major support around 1295 in the S&P. Several negative headlines overseas sent foreign markets sliding overnight, and the US market followed that downward trajec

Ralph Lauren (RL) Bullish, Celanese (CE) Distribution Mode

Published on 2011-03-10 08:12:00

By: Zev Spiro The major market indices continue to consolidate, while bull and bear markets are occurring in different names and sectors. On February 16th, I highlighted short opportunities in copper names such as Freeport McMoran Copper & Gold

Red Hat, Avago Heading in Opposite Directions

Published on 2011-03-10 07:42:00

With selective stocks in the cloud space still having continued strength like Citrix Systems, Inc. (CTXS), I feel Red Hat, Inc. (RHT) could be due for a bounce. RHT was hit back in January by weak earnings and has been digesting in this range of $40-

Market Could Be Set to Resolve Wedge to the Downside

Published on 2011-03-10 07:21:00

US stock futures are set to open lower Thursday, following Asian and European markets that slid overnight, although they are paring some overnight losses this morning. There were several catalysts for the drop in foreign markets: rising oil prices du

T3Live Watchlist: Foreign ETFs EWZ, EWC, RSX showing strength

Published on 2011-03-09 17:19:00

Foreign markets demonstrating relative strength against US Markets over the last month, suggests foreign markets/stocks could outperform US stocks over the next few months. US Markets have been stuck in a macro wedge since pulling off highs as the S&

Molycorp (MCP) Earnings Lift Rare Earth Stocks After-Hours

Published on 2011-03-09 15:53:00

The market traded back and forth in a tight range Wednesday as the macro S&P wedge pattern continues to tighten. Investors remain cautious at these levels about putting long-term money to work in the face of rising oil prices and persistent unres

Timeline of the S&P Wedge Pattern

Published on 2011-03-09 10:43:00

When the market accelerated out of the already-steep uptrend in February, I began getting cautious ahead of what I expected to be an eventual correction. Even before the breakdown on February 22, we were seeing sings under the hood that the market wa

SPY, IWM Near Resolution

Published on 2011-03-09 09:03:00

By: Zev Spiro The major market indices have been in a volatile range for the past two weeks. Consolidation patterns are present on the daily charts which suggest continuation of the previous uptrend. The volume patterns, on the other hand, are imply

Upgrades Downgrades, Stocks To Watch March 9

Published on 2011-03-09 08:03:00

PotashCorp./Saskatchewan (POT) downgraded to Hold from Buy at Citigroup The Mosaic Company (MOS) to Hold from Buy. Analyst Actions: Mosaic Downgraded to Hold from Buy at Citigroup Yamana Gold Inc. (AUY) Nicely trending second tier gold stock) Tar

Oil Number Could be Catalyst for Next Market Move

Published on 2011-03-09 07:24:00

Two years ago to the day, on March 9, 2009, the faltering stock market decided 'enough was enough'. Reckless greed on Wall St, a housing bubble decades in the making and inadequate government oversight led to the most painful economic recession since

Market Erases Monday's Losses on Strength of Bank Reversal

Published on 2011-03-08 15:39:00

Netflix and Coinstar were both down more than 5% after Warner Bros releases streaming movie rentals through Facebook The market took back all of Monday's losses in today's session before closing slightly off the highs. The multi-week wedge pattern re

Market Now Testing Upper End of Wedge

Published on 2011-03-08 11:13:00

Positive comments out of B of A analyst day are boosting bank stocks The market is still trading in its macro wedge pattern after a solid bounce this morning, and now looks set to test the upper trendline of the pattern around 1320-1322 on the S&

Two Opportunities that May Trigger (VFC, ADSK)

Published on 2011-03-08 08:21:00

By: Zev Spiro The major market indices were under pressure yesterday with bearish price action across a host of individual names. Although the bearish action is accompanied by high volume, the markets are still in a volatile range. Below is a long i

Futures Give Back Overnight Gains; Banks Weigh

Published on 2011-03-08 07:22:00

US stock futures rose overnight as oil retreated slightly. The dip in oil prices, which have seen their greatest two-week rise ever, could be attributed to reports that deranged Libyan leader Moammar Gadhafi could be looking for a peaceful end to the

Market Gets Hit, but Holds Lower End of Wedge

Published on 2011-03-07 15:46:00

The market quickly erased a early gap up and drifted lower most of the day before closing narrowly off the lows. The market was weak again today, but still remains within the current wedge pattern that is forming. A wedge pattern is a pattern of inde

T3Live Watchlist: MSFT, PCAR approach 200-day SMA

Published on 2011-03-07 15:27:00

MSFT, PCAR approach 200-day SMA inflection point Widely held stocks at inflection points with their 200-day Simple Moving Average (SMA) in play The 200-day SMA serves as both technical support for stocks and a major psychologica

Will Goldman Sachs (GS) Short Give Follow-Through?

Published on 2011-03-07 14:51:00

Goldman Sachs Group Inc. (GS) has had a hard time making progress during the market’s latest move higher. The market made new highs and this stock did not, showing relative weakness. We put it on the radar February 22nd when it broke the rising cha

Hate to Be Cute with Silver (SLV) but...

Published on 2011-03-07 14:22:00

Nobody is cuter than the Red Dog. Silver has had a great run since breaking above the $30.40 area (in addition to its massive run over the last two years). However, the second-place metal looks a bit over-extended at these current levels, and I’m l

Macro Long in MicroStrategy, Short Opp in RP

Published on 2011-03-07 09:04:00

By: Zev Spiro The major market indices continue to trade in a volatile range. Below is a macro long idea for MicroStrategy Inc. (MSTR) and a short opportunity in RealPage, Inc. (RP). Chart 1: MSTR: A macro bullish continuation inverse head and

Market Forming Pattern of Indecision as Oil Climbs

Published on 2011-03-07 07:18:00

US stock futures point to a flat to slightly higher open Monday despite oil futures continuing to edge higher. Crude oil now tops $106 per barrel as Libya spirals into full-on Civil War, and threats of protests in Saudi Arabia loom. The Saudi governm

Barron's Stock Mention's to Watch

Published on 2011-03-07 05:04:00

Target (TGT) If the world, and the American consumer, continue to forgo their many invitations to collapse, then shareholders of Target (ticker: TGT) should be amply rewarded. PetSmart (PETM) Barron's(3/7) A Return Visit To Earlier Stories: Barking

Marc Faber's Comments Could Spark Bigger Move in Japanese ETF

Published on 2011-03-04 09:39:00

By: Scott Redler and Mickey GoetzMarc Faber, who predicted the 1987 stock market crash, stated today that he thinks the Japanese market is ready to be bought again. This confirms one of T3 Live’s 2011 Predictions that “Japan could be a hot plac

Identive (INVE) a Play on iPad 2

Published on 2011-03-03 17:16:00

Identive Group, Inc. (INVE) has seen a price spike that has been attributed to the stock being picked up as a secondary play for Apple Inc. (AAPL) iPad 2's short-range wireless cashless pay system. The company recently purchased Smart Tag, which spec

MGM Resorts (MGM) Could Become 2nd Best Casino Stock

Published on 2011-03-03 17:06:00

MGM Resorts International (MGM) is in the casino group that just had a corrective type pull in off the high. I haven’t looked at this in a while since I got stopped out at $16 area. Wynn Resorts Limited (WYNN) is at 52-week highs so it could g

Market Holds Gap Up, Many Stocks Nearing Pivot Highs

Published on 2011-03-03 10:48:00

The indices held their pre-market gaps up this morning and have trended higher most of the session Thursday. This market has made a habit of bouncing back quickly from corrections, and looks set to continue that trend after potent down day on Tuesday

Forgetting About the Past

Published on 2011-03-03 09:52:00

I don’t want to sound too “new school” here, but too often our decisions about the future are bogged down by our actions in the past. People stay in unsatisfying careers because of the time and money they invested in their education, not becaus

Upgrades Downgrades, Stocks to Watch March 3

Published on 2011-03-03 07:54:00

Earnings Stocks Reporting this AM Before the Open: BITA, BLT, CNQ, BORN, CLW, CNSL, CRTX, COT, DLM, DIN, FSYS, GCO, GEL, HEES, HNZ, KR, LINC, MEI, NAFC, NNI, ORN, PRFT, RNO, USPH, UNFI, WNR, FUR Upgrades Downgrades of Note: Hudson City Bancorp, I

As Apple's Jobs Resurfaces, Market Gets Its Leader Back

Published on 2011-03-03 07:22:00

US stock futures are pointing sharply higher Thursday after a choppy day yesterday had investors wondering what would be the next move for the market. While the market had run into a tricky spot on the retracement of last week's brief but steep corre

Gold Trade Has Something For Everyone

Published on 2011-03-02 16:29:00

If you've been on the site for the last few years, or seen me on CNBC or theStreet.com, you know I love to trade gold. I first mentioned gold publicly in December 2008 on CNBC when it was trading at $850/ounce. I have not held the SPDR Gold Trust ETF

Market Waffles, Digests Yesterday's Sell-Off

Published on 2011-03-02 15:49:00

The market couldn't figure out where it wanted to go Wednesday, which is not all that surprising after another, and somewhat unexpected, potent down day. Just when the bulls thought they were out of the woods, the bears fought back yesterday, engulfi

Watch Goldman (GS) as Pressure Mounts on Market

Published on 2011-03-02 11:22:00

The market was fairly quiet early, but is now falling through the lows of the day. The action early was very choppy, and the fact that many stocks could not even get a strong bounce was a bearish tell. Big cap tech was a mixed bag early after we expe

Molycorp (MCP) Coiling for a Move

Published on 2011-03-02 09:18:00

I haven't traded the rare earth sector much this year as the group has quieted down somewhat and not presented compelling patterns. Rare earth is a very speculative play, but can provide great moves for active traders. Right now, group leader Molycor

5 Stocks You Could Short

Published on 2011-03-02 08:30:00

By: Zev Spiro REITS failed yesterday as bears took control across the board. Broad based selling created bearish candlestick patterns on all major market indices suggesting lower prices in the near term. Take cues from bearish patterns that triggere

Upgrades-Downgrades, Stocks to Watch March 2

Published on 2011-03-02 07:44:00

salesforce.com, inc. (CRM) upgraded to Buy from Hold at Canaccord SINA Corp. (SINA) (Conflicting notes - one huge upgrade one downgrade) Piper Jaffray upgraded SINA and raised its price target for shares to $107 from $82 Sina Corp Cut To Hold From

Can Market Find Footing After Latest Elevator Drop?

Published on 2011-03-02 07:19:00

US stock futures are pointing to a slightly higher open Wednesday (*Update: futures are now ticking lower despite a higher than expected ADP Employment change) after Tuesday's beatdown. Last week the market experienced the most aggressive and persist

Bears Flex Muscles as Market Erases Two-Day Bounce

Published on 2011-03-01 15:58:00

Hey, we're still here! The market erased two days of gains Tuesday with another potent down day, signaling that last week's three-day pull-back may have been just the start of a more significant correction. As the market reversed course Friday and co

Netflix (NFLX) Buyable on Today's Reversal

Published on 2011-03-01 15:09:00

By: Vicki Haddow I got long Netflix, Inc. (NFLX) this afternoon after the late reversal. The stock has pulled in 50 points off its most recent high, and we have been watching it for a potential buy scenario. It showed relative strength this afternoo

CNBC Technical Tuesday: What Do The Charts Say?

Published on 2011-03-01 13:42:00

Scott Redler, T3live.com, and Art Nunes, Northwest Asset Management, discuss what the technicals are saying. *DISCLOSURE: Long GLD This material is being provided to you for educational purposes only. No information presented constitutes a recomm

How to Trade Climbing Gold

Published on 2011-03-01 13:40:00

Scott Redler, chief strategic officer at T3Live.com, details how to trade gold as prices edge closer to its all-time highs. *DISCLOSURE: Long GLD This material is being provided to you for educational purposes only. No information presented consti

MAA, This REIT Just Broke Out

Published on 2011-03-01 08:38:00

By: Zev Spiro The intermediate trend line is important in determining the health of the uptrend in the SPDR S&P 500 Trust (SPY). Last week the trend line was broken, with confirmation, only to move back above the line in yesterday’s action. Th

Upgrades Downgrades, Stocks to Watch March 1

Published on 2011-03-01 07:21:00

Rosetta Stone Inc. (RST) Reported weak earnings and guided lower. daily chart is coming off sharply - 2004 daily lows Expeditors Internation of Washington (EXPD) upgraded to Buy from Neutral at UBS - upgraded Expeditors International based on

Market Needs Rest, Tech Could Trigger Next Leg Higher

Published on 2011-03-01 07:21:00

US stock futures eased higher Tuesday following gains in the Asian and European markets, maintaining the recent trend of first-day-of-the-month gap ups. Investors are once again putting risk on as the unrest in the Middle East eases, despite the fact

Oil Stocks Setting Up Again

Published on 2011-02-28 16:30:00

The market opened higher on Monday, experienced some 'tree-shaking' action around mid-day, and then rallied into the close. The market was fairly quiet, which was understandable given the volatile action of last week and the fact it was the last day

Ags Hold Up; Take a Look at Silver Miners

Published on 2011-02-28 11:55:00

After opening higher this morning, the market has been quiet, drifting higher early before pulling off slightly. The market seems to be resting and showing indecision after volatile trading last week. The heavy selling we saw early last week de

Upgrades Downgrades, Stocks to Watch February 28

Published on 2011-02-28 08:08:00

Humana Inc. (HUM) upgraded to Buy from Hold at Jefferies IAMGOLD Corporation (IAG) Target Raised To $31 From $26 By CIBC >IAG Yamana Gold Inc. (AUY) Target Raised To $16 From $15.50 By CIBC IPG Photonics Corporation (IPGP) (Thinly Traded

Ags Should Be Back to Highs in No Time

Published on 2011-02-28 07:26:00

US stock futures are starting to edge higher Monday morning after volatile action last week. The ~4% correction was healthy for the market, as many extended stocks worked off their overbought conditions. As has been a theme over the past 6 months, t

Skor with Hershey (HSY), TGI Not So Triumphant

Published on 2011-02-28 07:25:00

By: Zev Spiro Last week the SPDR S&P 500 (SPY) broke below the intermediate up trend line, with time confirmation present. The markets are at a crucial point and in order to maintain the opinion that the uptrend is over, the price of the SPY mus

Earnings & Economic Calender Events of Note - Week of 02-27-11

Published on 2011-02-27 21:03:00

Monday, February 28, 2011Economic08:30 US Jan Personal Income, Jan Personal Spending, Jan PCE Deflator, Jan PCE Core, Canada Q4 GDP09:45 US Feb Chicago PMI10:00 US Dec Pending Home Sales, Feb NAPM Milwaukee10:30 US Feb Dallas Fed Manufacturin

Barrons Stock Mention's to Watch Monday

Published on 2011-02-27 21:03:00

International Coal Group (ICO) Barron's(2/28) Sizing Up Small Caps: International Coal's Prospects Burn Bright Coal stocks are on fire, and the trends stoking the flames -- higher coal prices and lively merger-and-acquisition activity in the in

Uncertainty Brings Opportunity in the Markets

Published on 2011-02-25 16:07:00

The market got all shook up this week, but Friday brought a return to normalcy for the rally. It was an abbreviated week in the US markets after President's day Monday, however the action was anything but quiet. Last Friday, although the market made

Watching Gold Price Action Closely

Published on 2011-02-25 11:26:00

Gold gave us a few good entries since early February; from February 3rd through today gold has run almost $100 higher! Silver has even outperformed, extending to new highs. Both precious metals, however, have begun to pull off a bit. After such big r

Market Following Through After Gap Up

Published on 2011-02-25 09:28:00

The S&P tried to break below the uptrend that’s been intact since Early September. I was hawking the 1296-1298 for a fake out to the downside. Market couldn’t generate any panic but it created a nice trade. I covered my S&P short Wednesda

Futures Hold Higher Despite Negative GDP Revision

Published on 2011-02-25 08:11:00

US stock futures are pointing to a higher open in equities markets Friday to close out a poor week for stocks. A negative GDP growth revision--to 2.8% from 3.2%--is eating into those gains, but the S&P futures still sit about 7-8 handles above fa

Market Stages Another Afternoon Reversal

Published on 2011-02-24 15:48:00

The Dow and the S&P finished Thursday's session in negative territory but the Nasdaq eked out again as beaten down tech stocks began to recover. Civil unrest in Libya continues to worry investors, and the markets gyrations are now very closely ti

Apple (AAPL) Weakness Signals Market Could Have More Downside

Published on 2011-02-24 11:21:00

The market continues to feel heavy Thursday as escalating conflicts in Libya spook investors. April WTI crude oil futures have settled in around $100 a barrel, while Brent crude is trading above $113. Supply disruptions in Libya and worries that the

No More Sunshine for STR Holdings (STRI)

Published on 2011-02-24 08:53:00

By: Zev Spiro Selling continued in the major market indices yesterday, on significant volume, with the SPDR S&P 500 (SPY) breaking the intermediate trend line and 20-day simple moving average. For further confirmation that the intermediate uptre

Upgrades Downgrades, Stocks to Watch February 24

Published on 2011-02-24 07:34:00

Newmont Mining Corp (NEM) (Up .75c pre 8 am market) Gold Reserves Increase to 93.5 Million Ounces HHGregg, Inc. - (intresting call considering the extremely deteriorating daily) Henderson Group Raised To Buy From Hold By Royal Bank of Scotland Pric

Oil Prices Continue to Weigh on Futures

Published on 2011-02-24 07:30:00

US stock futures are pointing to a lower open Thursday as oil continues to track higher amid North Africa/Middle East worries. Yesterday the market fell sharply in the morning before paring those losses in the afternoon, with a few beaten down stocks

Agricultural Stocks Highlight Intraday Reversal

Published on 2011-02-23 16:24:00

After brief indecision early in the session, stocks broke lower Wednesday. However, around 1pm ET the market reversed course, led by some of the stocks that had been beaten down most over the last few days. Although there has been some troubling, hea

Bears Resume Control After Early Indecision

Published on 2011-02-23 11:30:00

What felt like the early sparring portion of a championship bout is now turning in favor of the bears once again on the cards. Investors seemed indecisive in the morning about whether to start piecing back into the market or perhaps waiting for a dee

Upgrades Downgrades, Stocks to Watch February 23

Published on 2011-02-23 08:23:00

Youku.com Inc (YOKU) upgraded to Buy from Neutral at Goldman Applied Materials, Inc. (AMAT) upgraded to Overweight from Neutral at Piper Jaffray - raised its target for shares to $22 from $12 Stryker Corporation (SYK) upgraded to Buy from Neu

Uptrend Over? Goldman Sachs (GS) Has the Answer

Published on 2011-02-23 07:37:00

By: Zev Spiro A broad based sell-off took place yesterday in all the major market indices erasing up to two weeks worth of gains. Is the uptrend over? To determine the health of the current uptrend I will examine the characteristics that define the

Market Looks to Build on Pre-Market Gains After Yesterday's Debacle

Published on 2011-02-23 07:29:00

Libyan leader Moammar Gadhafi gave a peculiar, disturbing speech yesterday encouraging his supporters to crack down on dissidents. US stock futures appear set to open higher Wednesday after yesterday's steep decline. The futures dropped precipitously

Signs Pointed to Today's Correction

Published on 2011-02-22 15:53:00

At the end of last week, we wrote that although the major indices closed at new multi-year highs once again, something didn't feel right about the market. Despite a green close, the market just FELT heavy. We saw weakness in leading stocks, from the

Market Can Only Muster Feeble Bounce Attempt

Published on 2011-02-22 11:18:00

The market was strong early in the morning session after the sizable gap down, but has faded with the S&P back on the lows of the day. The pre-market dropped followed losses in the Asian and European markets, responding to a deteriorating situati

Sometimes the Ball Doesn't Bounce Your Way

Published on 2011-02-22 11:17:00

I came in today long Clinical Data, Inc. (CLDA) based on takeover chatter. The futures were gapped down 16 handles. It’s funny. I finally get involved with a buyout that ACTUALLY HAPPENS and wouldn’t you know it? It’s a take under. A TAKEUNDER!

Fortune Brands (FO) Long, State Street (STT) Short

Published on 2011-02-22 09:14:00

By: Zev Spiro I hope everyone had an enjoyable Holiday weekend. Below are two new trade ideas. The first is a long in Fortune Brands Inc. (FO), while the next is a short setup in State Street Corp. (STT). Fortune Brands Inc. (FO): began consolidat

Earnings & Economic Calender Week of February 21

Published on 2011-02-22 08:01:00

Monday, February 21, 2011Economic NoneEvents US bond and equity markets closed for the President's Day holiday.Earnings: AHD, APL, ATAI, CHH, DCO, FURX, HURN, KALU, OKE, OKS. Tuesday, February 22, 2011 Economic08:30 Canada Dec Retail Sales09:00

Futures Plummet, Oil Jumps Amid North Africa/Mideast Unrest

Published on 2011-02-22 07:41:00

US stock futures tumbled over the weekend amid more Middle East and North Africa unrest, with Wall Street set for a sharply lower open. Oil prices for the most actively traded April contracts have jumped nearly 10% from Friday's settlement, as produc

Upgrades Downgrades, Stocks to Watch February 22

Published on 2011-02-22 07:40:00

Williams Companies, Inc. (WMB) upgraded to Conviction Buy from Neutral at Goldman Nokia Corporation (NOK) (BIG 2 tier level downgrade) downgraded to Sell from Buy at RBS - Price target is $38. Time Warner Inc. (TWX) upgraded to Buy at The Bench

Barron's Stock Mentions to Watch

Published on 2011-02-21 16:42:00

Hewlett-Packard Company (HPQ) acquisition raises possible conflicts. Hewlett-Packard's (HPQ) acquisition of business-software provider Vertica raises possible conflicts of interest as the tech giant failed to disclose its nonexecutive chairman,

Dow Makes New Highs, but Signs of Trouble Under the Hood

Published on 2011-02-18 15:35:00

The market once again made new highs this week, but the action Friday leaves investors with a little bit of a sour taste in their mouths. If you just glanced at the Dow or even the S&P today, you might think this was just another ho-hum day in th

Research in Motion (RIMM) Back in Black

Published on 2011-02-18 11:24:00

We highlighted Research in Motion Limited (RIMM) back in early January as a stock that had a tough go of it ince putting in highs of around $150 in 2008, but was setting up for a redemptive move at least back to 52-week highs in 2011. (See: Wheels

Two Patterns, One Forecast for Casinos (LVS, WYNN)

Published on 2011-02-18 08:32:00

The most recent earnings season has further reinforced the class system we have seen in terms of the casino stocks. The three big names- Las Vegas Sands Corp. (LVS), Wynn Resorts Limited (WYNN) and MGM Resorts International (MGM)- all trade very diff

Upgrades-Downgrades, Stocks to Watch February 18

Published on 2011-02-18 08:05:00

Please note my emphasis and comments in italics and bold Brocade Communications Systems , Inc. (BRCD) (3 second tier firm upgrades upgrades ) Upgraded to Buy from Hold at Wunderlich- $8 from $6. Upgraded to Buy from Hold at ThinkEquity - Price targ

The Anatomy of the Apple (AAPL) Trade

Published on 2011-02-17 15:51:00

The market churned higher all day, closing once again closing on multi-year highs (I feel like a broken record). Stocks shook off a slightly down open after mildly disappointing jobless claims data, and were boosted by an extremely robust Philadelphi

Silver Breaking Out to New Highs

Published on 2011-02-17 12:19:00

The market is pushing back to highs Thursday, rebounding from a slight pre-market drop. Economic data this morning was mixed, with jobless claims slightly higher than expected, leading indicators slightly weaker than expected, but an outstanding Phil

West Texas (Intermediate) Two-Step Suggests Upside for Oil Stocks

Published on 2011-02-17 11:32:00

By: Ogo Nwanyanwu The spread of civil unrest across countries ranging from North Africa to the Middle East has given crude the catalyst it needs to awake from its Winter slumber in 2011. Brent Crude has more than answered the call, spiking to over $

Upgrades-Downgrades, Stocks to Watch February 17

Published on 2011-02-17 08:19:00

NetApp, Inc. (NTAP) downgraded to Hold from Buy at Canaccord Cut To Hold From Buy By Citigroup downgraded to Neutral from Overweight at Piper Jaffray; tgt $56' 10 am Update: Stock getting hit intraday after three big downgrades following

Peabody Energy (BTU) To Continue Higher

Published on 2011-02-17 08:01:00

By: Zev Spiro Recently, a bullish inverse continuation head and shoulders pattern triggered and confirmed in Peabody Energy Corp. (BTU). The minimum expected price objective is $72.50, obtained by measuring the height of the pattern and expanding hi

Walter Energy (WLT) Should Get Back to Highs

Published on 2011-02-17 07:22:00

US stock futures are holding steady this morning ahead of a busy calendar of data starting at 8:30am. Initial and continuing jobless claims will give clues about the pace of the jobs recovery, while January CPI data will shed light on inflation press

Upbeat Fed Minutes Buoy Stocks

Published on 2011-02-16 15:31:00

The market held overnight gains Wednesday, surging in the afternoon after upbeat comments from the Federal Reserve Bank. In the minutes from the FOMC's January meeting, officials were more upbeat about the recovery, raising the GDP growth forecast ra

JP Morgan (JPM) Continues to Lead Banks

Published on 2011-02-16 10:45:00

Stocks took a brief rest on the bench yesterday, but have checked back into the game Wednesday. The market is pushing higher with broad strength and leadership re-emerging. Apple Inc. (AAPL), which set up for another long yesterday when it closed on

Money Managers Bullish on Japan (IBD)

Published on 2011-02-16 09:16:00

By: Trang Ho from Investors Business Daily Money Managers Bullish on Japan Tue., Feb. 15, 2011 2:16 PM ET Japanese equities, like those in other developed markets like the U.S. and Germany, are outperforming investments in emerging markets. Europe

Las Vegas Sands (LVS) Ready to Go

Published on 2011-02-16 08:42:00

By: Vicki Haddow Wynn Resorts Limited (WYNN) is the leader in the casino sector but Las Vegas Sands Corp (LVS) has consolidated for long enough that it should be ready for a move higher. Recently we have had a Love/Hate Relationship with this stock,

Dell Earnings Propel Futures Higher

Published on 2011-02-16 08:00:00

After making new highs on Monday, the market showed signs of weakness yesterday with agricultural stocks pulling in hard after an extended move to the upside. PotashCorp/Saskatchewan (POT), The Mosaic Company (MOS) and CF Industries Holdings, Inc. (

Upgrades-Downgrades, Stocks to Watch February 16

Published on 2011-02-16 07:37:00

FXCM Inc (FXCM) downgraded to Hold from Buy at Citigroup Allscripts Healthcare Solutions Inc (MDRX) Downgraded to Neutral from Overweight at Piper Jaffray Archer Daniels Midland Company (ADM) Upgraded to Buy from Hold

Freeport McMoran (FCX), Souther Copper (SCCO) May Continue Lower

Published on 2011-02-16 07:23:00

By: Zev Spiro Copper names such as Freeport-McMoRan Copper & Gold Inc. (FCX) and Southern Copper Corp. (SCCO) broke their intermediate uptrend lines at the beginning of January. Their comparative relative strength versus SPY is not healthy and m

Apple (AAPL) Setting Up for Another Move

Published on 2011-02-15 15:41:00

The market dropped modestly Tuesday, digesting recent gains after an acceleration out of the uptrend over the last two weeks. Most big cap tech leaders traded lower during the session today as they rest after relative strength in recent days, highlig

US Steel (X) Holding Up in Weak Market After Goldman Upgrade

Published on 2011-02-15 11:35:00

The markets are pulling in slightly Tuesday morning after the S&P and Nasdaq eked out gains in yesterday's session. You can't fault stock for wanting to rest after the recent acceleration of the uptrend. Data this morning showed inflation is heat

Upgrades-Downgrades, Stocks to Watch February 15

Published on 2011-02-15 08:23:00

JDS Uniphase Corporation (JDSU) Lower in First Pre-Bell Matches on Downgrade - Bernstein reportedly cut its rating on the stock to Market Perform from Outperform. Salesforce.com Inc. (CRM) upgrade J

What Cloud, Bank, Solar Stocks May Play Catch-Up?

Published on 2011-02-15 07:41:00

US stock futures are once again set for a nearly flat open after a mixed session yesterday. Whereas Monday saw little in the way of economic numbers, Tuesday we have a busy calendar of data on tap. China and the UK already reported rising inflation o

Red Dog Rant: Trust the Technicals, Not the Talk!

Published on 2011-02-14 16:56:00

*DISCLOSURE: No relevant positions This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instr

Stocks Send Mixed Signals on Valentine's Day

Published on 2011-02-14 16:07:00

The Dow closed slightly lower Monday but the S&P and Nasdaq both eked out gains on Valentine's Day. Investors bought cautiously after Friday's breakout, but their certainly weren't any aggressive sellers either. Love for stocks is rampant at this

Netflix (NFLX) Squeeze Provides Lessons in Shorting

Published on 2011-02-14 11:47:00

Fundamentals can provide the rationale for shorting an overvalued stock, but technicals should determine when and how you enter. The market is holding well near multi-year highs this morning with no real market-moving news on the table. T

Gold's Price Action Creates Deja Vu Moment

Published on 2011-02-14 09:34:00

By: Ogo Nwanyanwu In the first Matrix movie when Keanu Reeves' character, Neo, sees the same black cat twice, he casually blurts, “whoa, deja' vu” and everyone on his team freezes. In the Matrix, deja vu' is a glitch signaling something has chan

NetEase (NTES) Long Way to Go

Published on 2011-02-14 08:25:00

By: Zev Spiro To reiterate, the major indices are trending higher with negative divergences present. Use tight trail stops for current long positions and consider hedging by shorting the market and/or individual weak names. Below is a long idea in N

Upgrades Downgrades, Stocks to Watch February 14

Published on 2011-02-14 07:58:00

By: Tim Kelleher United Stationers Inc. (USTR) Raised at FBR to $85 from $75 Manitowoc Company, Inc. (MTW) neutral to outperform Baird $20 to $27 Manitowoc Raised To Outperform From Neutral By Baird Graham Packaging Compnay Inc (GRM) Target rai

Futures Muted After Another Strong Week

Published on 2011-02-14 07:37:00

The markets are little-changed this morning after another push higher last week. The S&P accelerated higher out of the uptrend, held support each day, and then extended with a nice move on Friday. Volume was light for much of the week, but picked

Earnings and Economic News Calendar for Week of February 14

Published on 2011-02-14 06:37:00

By: Tim Kelleher Events 10:00 Fed's Dudley to speak. Earnings Before the Open: ASF, DBD, KVHI, MFA, MGM (on the radar considering recent price action & analyst comments), STEC, TSEM. After the Close: AEIS, A, ACGL, CW, ECPG, FTI, FWRD, NSIT, L

Stocks to Watch: Weekend Edition

Published on 2011-02-12 15:35:00

By: Tim Kelleher I like to use the weekend to take note of stocks being covered in the major media outlets, and make a shortlist of stocks I will definitely be watching on Monday. Barron's Cover: Apple Inc. (AAPL) ...And the Award Goes to Apple!

Unstoppable Market Roars to New Highs

Published on 2011-02-11 15:51:00

The market refused to succumb to the pressure despite three pre-market drops this week, and raced back to new highs Friday as investors seemingly aim to position themselves long ahead of the standard Monday morning gap up. Stocks continued to shrug o

Don't Forget About Google (GOOG)

Published on 2011-02-11 11:20:00

Don't forget about Google, that's something I never thought I would say. Nut amid the hoopla of Apple Inc. (AAPL) and other high flying mo-mo stocks, Google Inc. (GOOG) has been forgotten somewhat by active traders. The stock is not leading the marke

Bullish on India Fund (IFN)

Published on 2011-02-11 10:55:00

By: Vicki Haddow The India Fund, Inc. (IFN) is an Indian investment fund that has given a calculated buy set-up. This fund has been beaten up but put in a tail yesterday and is having an extension today. You could have entered the trade once the sto

Upgrades Downgrades, Stocks to Watch February 11

Published on 2011-02-11 08:42:00

By: Tim Kelleher Cisco Systems, Inc. (CSCO) : Downgrade JP Morgan lowered shares from Overweight to Neutral with a price target of $19 down from $24.50. WSJ: Head Of Cisco's Consumer Business Jonathan Kaplan To Depart Citigroup cuts CSCO to Hold fr

Apple (AAPL) Mini Flash Crash Renews Market Structure Worries

Published on 2011-02-11 08:34:00

The futures point to another lower open again Friday, making that three straight gap downs. Shocking stuff I tell you. Unrest continues in Egypt after President Hosni Mubarak announced plans to slowly transfer power to the next government, headed by

Stocks Rise as Mubarak Prepares to Exit

Published on 2011-02-10 11:24:00

The market is pushing higher in Thursday's session, erasing pre-market losses amid reports that Egyptian President Hosni Mubarak is set to step down. Protests have spread throughout the country form their epicenter in Tahrir Square, Cairo, and many g

Upgrades Downgrades, Stocks to Watch for February 10

Published on 2011-02-10 08:23:00

By: Tim Kelleher Here is what I am looking at today in terms of fundamental news plays. Energy Conversion Devices, Inc. (ENER). Cut To Sell From Hold By Citigroup (Below % - weak daily in a stong market) ITT Corporation (ITT) downgraded to Underw

Buy and Hedge (CRDN, CNW)

Published on 2011-02-10 08:07:00

By: Zev Spiro Despite negative divergences in several indicators, the major markets are continuing their bullish trends. It is wise not to fight the trend, although, tight trail stops should be used while proceeding with caution. In addition, one ma

Futures Follow Foreign Markets Lower

Published on 2011-02-10 07:28:00

The market saw selling pressure yesterday, but bounced back from early losses to make yesterday a non-event. This morning, however, futures are pointing to a significantly lower open after heavy losses overnight from the European and Asian markets. O

Select Big Cap Tech Holding Up Despite Market Weakness

Published on 2011-02-09 11:42:00

The S&P drifted higher early Wednesday but is fading into the lunch-time hour following the two-day extension to multi-year highs to start the week. The market's seven day win streak now looks in jeopardy. Bulls can't complain though, the market

Focusing on SHZ in Rare Earth Group

Published on 2011-02-09 08:59:00

For the past few months traders have had a lot of success targeting the rare earth group for cash flow trades. More recently though, rare earth stocks pulled in, but are now turning back up. Molycorp, Inc. (MCP) is the leader of the group, and when t

Upgrades-Downgrades, Stocks to Watch for February 9th

Published on 2011-02-09 08:19:00

By: Tim Kelleher Just an introduction for everyone here on the blog. I recently joined up with T3Live.com after running my own site, Juggernaut Trading, for many years. I was attracted to the team, technology and transparency on T3Live.com's Virtual

Rare Earth Back in Focus as Market Catches its Breath

Published on 2011-02-09 07:35:00

Rare earth stocks are getting a lift as demand for the metals grows Futures are pointing to a lower open Wednesday after a seven-day win streak for the market, the longest in seven months. The run is even more impressive considering less than two wee

Irrepressible Market Accelerates Out of Uptrend

Published on 2011-02-08 16:00:00

No matter what or who you think is responsible for the current strength in equities, it is impossible to ignore the one-way price action. A correction would be healthy, but the market is saying, "Who needs healthy? Let's party!" After last week's swi

WYNN Holding Gap Despite Breakout Failure

Published on 2011-02-08 11:23:00

Despite an acceleration of the uptrend the market is not showing any signs of wanting to pull-in as the indices drift to new highs once again. Investors are taking China's rate hike in stride, perhaps because most other central banks are pursuing inf

Intel (INTC) Has Bullish Pattern, Cheap Valuation

Published on 2011-02-08 09:36:00

Intel Corporation (INTC) is a former hot stock of the tech boom era that has recently become a slow-mover. The company delivered record earnings last quarter, but the announcement was not greeted with enthusiasm by investors. However, with its curren

Trade Opportunity in America Movil (AMX)

Published on 2011-02-08 08:06:00

By: Zev Spiro America Movil, S.A.B. de C.V (AMX) has been trading sideways in a rectangle (basing) pattern since November. A trigger could occur in either direction via a daily close, either above resistance or below support. The minimum expected pr

Gold Back on the Move

Published on 2011-02-08 07:58:00

Gold finally found some footing Friday January 28th as the market got hit, and since has been trying to gain some traction for a move higher. Gold got a nice move Friday before resting the last two days. This morning Gold, which I trade with the SPDR

China Tugs on the Reins with Rate Hike

Published on 2011-02-08 07:27:00

Bullish enthusiasm has been tempered in the market this morning after China's central bank lifted interests rates in an attempt to stem the tide of rising inflation. Futures are basically flat after the decision. Yesterday the market blasted off abov

Apple (AAPL) Leads Market to Multi-Year Highs

Published on 2011-02-07 15:37:00

The market raced to multi-year highs Monday as a slew of takeovers lifted optimism. Today's move saw widespread participation, from the fertilizers to the banks. Bellether stocks showed leadership, with tech giant Apple Inc. (AAPL) pushing to all-tim

Stocks are Only Thing Hotter than Packers!

Published on 2011-02-07 11:53:00

Green Bay QB Aaron Rodgers no longer has to live in the shadow ofPackers legend Brett Favre after Sunday's masterful performance. Super Sunday has spilled over into Super Monday for the stock market as the indices race to new highs following last wee

Lindsay Corporation (LNN) to Resume Uptrend

Published on 2011-02-07 08:44:00

By: Zev Spiro Congrats Packers fans, good game last night! A continuation symmetrical triangle pattern began developing around mid-December in Lindsay Corporation (LNN). The price consolidated sideways between two converging boundary lines, until

Climbing the Wall of Worry

Published on 2011-02-07 07:19:00

Stock futures are pointing to a higher open once again Monday after the market bounced back to highs last week. The potent sell-off from Friday, January 28th rattled some investors, but is now just a distant memory. The market shrugged off Friday's l

Growing Disconnect Between Market and Economy/World

Published on 2011-02-04 15:09:00

It was an eventful week around the world as protesters raged in Egypt and bulls made it clear who's in charge of this market. The market bounced Monday and then exploded back to the highs with a gap-and-go on Tuesday, the first trading day of Februar

Importance of China in the Global Economy

Published on 2011-02-04 10:38:00

Yesterday T3Live's China consultant Gloria Chou stopped by the office for a brief conversation about the future of China. Gloria discusses the rise of Chinese nationalism, the importance of China in the world economy, and the emergence of a new inves

Short the Bounce in Sandisk (SNDK)

Published on 2011-02-04 08:29:00

By: Zev Spiro SanDisk Corporation (SNDK) had a negative divergence present, on the weekly chart, between mid June to mid January. The divergence was identified as the price made higher highs, while the Moving Average Convergence Divergence (MACD) in

Red Dog Rant: Bloomberg Finally Addressing Pension Problems

Published on 2011-02-03 16:15:00

Yesterday Mayor Bloomberg finally took on the unions to put a stop to a practice that has been crippling pension systems around the country. For years, public workers have been racking up overtime pay just before retirement in order to boost their an

Market, Gold Bounce Off Support Ahead of Jobs Report

Published on 2011-02-03 15:57:00

The market was weak early and strong late, closing green once again at the highs. In the morning, the S&P tested support near 1294 and bounced, keeping the bulls in control. Investors will now be watching tomorrow's non-farm payrolls number close

Gold Surges After Bernanke QE3 Comments

Published on 2011-02-03 11:25:00

The market is drifted lower early but is back to flat in Thursday’s session after returning to highs with a vengeance Tuesday. In the headlines, formerly peaceful protests in Egypt have turned violent over the last two days between pro and anti-gov

The Market is in Control...

Published on 2011-02-03 09:27:00

By: Jordana Balsam from EliteTradingTips The past few days, possibly because of the weather being so dismal and gloomy, I have been, lets just say, “unenthusiastic” when it comes to my workouts. I try and push myself to get in 30 minutes

Bear Flag in AutoZone (AZO)

Published on 2011-02-03 08:04:00

By: Zev Spiro An end to the primary up trend in Autozone Inc. (AZO) was recently signaled by breaks in the 50 day simple moving average and the bullish primary trend line. Currently, the price is consolidating in a bear flag pattern. If the lower tr

Market Shrugs Off Escalating Egypt Violence

Published on 2011-02-03 07:26:00

Investors continue to sit on the sidelines amid escalating violence in Egypt and with a slew of economic data on tap the rest of the week. The market rested yesterday after Monday's potent breakout to start the month, a theme we have seen since the s

Market Quiet After Explosive Start to February

Published on 2011-02-02 16:00:00

The market was quiet following yesterday's explosive move to kick off February. The big jump we saw to kick off the month was not unfamiliar, as we have seen the first trading day of month account for more than 90% of the gains in the S&P since t

Biggest Gains Come Overnight, First Day of the Month

Published on 2011-02-02 14:14:00

As a day trader, do you often see a stock gap up overnight through your buy price, effectively 'taking away the trade' after you have been stalking it for an intraday bounce? As an investor, do you feel like your portfolio always seems to get a boost

Clouds Lift on APKT Earnings

Published on 2011-02-02 10:56:00

After a small gap down this morning the market has been quiet during the session, drifting slightly higher. The crickets could be due to the massive winter storm that has blanketed much of the Midwest with more than a foot of snow and brought freezin

Apple (AAPL) Back in the Saddle Again

Published on 2011-02-02 08:42:00

Big cap tech has been sloppy of late, and I have instead chosen to focus on other, more calculated set-ups out there. But today I am ready to once again revisit my old friend Apple Inc. (AAPL). Since Steve Jobs announced his third medical leave of ab

Follow Retracement Rules After a Potent Move

Published on 2011-02-01 14:03:00

While the market rips back to highs, Red Dog is stuck at jury duty Technical traders use retracement rules to measure the strength and validity of a potent move. This week we have gotten a powerful example of why knowing how to use retracem

DANG, YOKU Bounce After BIDU Beat

Published on 2011-02-01 11:30:00

Today’s game plan was very simple: watch Sodastream International Limited (SODA) for a move through all-time highs, look for a bounce in China MediaExpress Holdings, Inc. (CCME), and keep an eye on Molycorp, Inc. (MCP) for a move (long or short).

Why Casinos May Finally Pay Out (LVS, WYNN)

Published on 2011-02-01 11:05:00

Macau, the gambling mecca of the Orient It seems a little crazy that just Friday, there was not a buyer in sight, and now only two days later, not a seller can be found. So goes today's market. Some may be upset that they lightened up on Friday's big

Buy the Dip in Freeport (FCX), Walter (WLT)

Published on 2011-02-01 07:35:00

US stock futures are tracking solidly higher Tuesday ahead of what could be, you guessed it, a historic winter storm. Nearly 2/3 of the US is expected to be affected, with the heaviest snow coming in the Midwest. New York City is expected to get only

Market, Oil Surge; China MediaExpress Drama Unfolds

Published on 2011-01-31 15:36:00

The market began to pick up the pieces from Friday's beatdown as it tries to climb back into the uptrend. The protests in Egypt continue to dominate the headlines as investors scramble to understand how to profit from the unrest and seemingly inevita

Unrest Adds Fuel to 2011 Oil Fire

Published on 2011-01-31 11:02:00

The market is edging higher Monday morning after Exxon Mobil Corporation (XOM) reported its strongest quarter since Q3 2008. Oil stocks remain strong with the unrest in Egypt threatening to disrupt to global supply. In addition, the Chicago Purchasin

Don't Let a Couple Strikeouts Keep You From Taking Your Cuts

Published on 2011-01-31 10:14:00

I came in very bullish this morning on Sodastream International Limited (SODA). The setup is there, and the chart is screaming long. It displayed incredible relative strength on Friday, finishing up 0.71 cents on a day that the market was down almost

China MediaExpress (CCME) Candidate for a Short Squeeze

Published on 2011-01-31 08:56:00

China MediaExpress Holdings, Inc. (CCME) provides a television advertising network on inter-city express buses in China. It offers advertisements on its network of television displays installed on express buses originating in five municipalities of B

Bearish Outlook Led By Russell

Published on 2011-01-31 08:13:00

By: Zev Spiro After analyzing multiple charts this past weekend, the picture is not pretty. Major indices have traded into resistance and are ending their recent short term uptrends, accompanied by bearish candlestick patterns and negative divergen

Oil Futures Rise On Egypt Unrest; Exxon Crushes Earnings

Published on 2011-01-31 07:29:00

The futures are edging higher Monday despite escalating unrest and lawlessness in Egypt. The scene from Northern Africa over the weekend were shocking, but investors are choosing instead to put Friday's sharp decline behind them and focus on a mostly

Market Rocked Amid Global Turmoil, Weak Economic Data

Published on 2011-01-28 15:43:00

Shocking scenes in Egypt made the markets uneasy The market is getting the flush Friday as global turmoil and poor economic data finally pushed the overbought indices over the edge. The stock market is a funny thing, and it often takes a

Now that Shorting is Embarrassing, It Might Just Work

Published on 2011-01-28 10:38:00

They’ve tried to tag Dow 12,000 and S&P 1300 for the past few days, but at the moment of climax, the indices start to seem tired. We’ve taken the portfolio approach off the table for the past week and half, as compelling core trades macro tra

ATK Pattern and Volume Suggesting Breakout

Published on 2011-01-28 08:11:00

By: Zev Spiro Alliant Techsystems Inc. (ATK) was in deeply oversold territory this past summer and rallied approximately 33% from the July lows to early November highs. The rally stalled at resistance, which came from a major down trend line. A symm

Gold Hits 4-Month Low

Published on 2011-01-27 15:33:00

The market once again held in near highs on this snowy day in the Northeast, with more strong earnings overcoming higher than expected jobless claims this morning. After a brief period of sloppy action that is often a precursor to a short-term top, t

Insurers Next Sector In Breakout Rotation

Published on 2011-01-27 11:10:00

This morning the market shrugged off the higher than expected initial jobless claims, which jumped to three month highs of 454k. Working against the weak data was strong earnings from Caterpillar, Inc. (CAT) and news of a stock split plus dividend in

Bullish Spirit in SPR

Published on 2011-01-27 09:26:00

By: Zev Spiro Spirit AeroSystems Holdings, Inc. (SPR) recently triggered out of a symmetrical triangle pattern, which formed over the past year. The breakout occurred with a surge in volume which lends confidence to the validity of the pattern. Ther

Fertilizers Jump After PotashCorp (POT) Stock Split, Dividend Raise

Published on 2011-01-27 07:34:00

It feels like it's Groundhog's Day here in New York City as another foot of snow has blanketed the city, but nothing can stop the T3Live crew from bringing you the most important news and notes of the day. Futures are near flat this morning with some

Beaten Down Sectors Recover To Lead Market

Published on 2011-01-26 15:52:00

The market closed marginally higher Wednesday following President Obama's pep talk last night, but many of the beaten-down sectors finally got a significant lift. After sloppy action last week, many pundits began thinking a top could be imminent, but

Buying In at Las Vegas Sands (LVS)

Published on 2011-01-26 15:14:00

Las Vegas Sands Corp (LVS) has been a great trading vehicle for the last two years, running from a dollar and change to as high as $55.47 back in November. Ever since the casinos stock pulled pack and consolidated between $45 and $50. It has been ver

Ags and Cloud: Which Dip Should You Buy?

Published on 2011-01-26 11:06:00

This dip could be an opportunity to get a good price on PotashCorp, which has a strong fundamental story for 2011 and beyond. It looks like President Obama said the magic words in his State of the Union address as the market charged higher Wednesday

Mixed Signals (IWM, DRQ)

Published on 2011-01-26 08:42:00

By: Zev Spiro The major market indices are sending out mixed signals that need to be resolved. The S&P 500, DJIA and Nasdaq-100 Indexes, still in bullish trends, are above their 20-day moving averages and all but the Nasdaq 100 are still above t

Pro-Business State of the Union Lifts Futures

Published on 2011-01-26 07:31:00

Obama looked rather Presidential at the annual State of the Union address, where we saw a welcome return to civility. US stock futures are pushing higher Wednesday after President Obama struck a markedly pro-business tone in the annual State of

Don't Try To Step In Front of a Moving Train

Published on 2011-01-25 13:28:00

I came in this morning long China Shen Zhou Mining & Resources Inc. (SHZ), Rare Element Resources Ltd. (REE) and Trina Solar Limited (TSL). With the market gapping down seven handles, I wasn’t expecting much. I traded a little bit off earnings

How to Trade Gold's Selloff: TheStreet.com (VIDEO)

Published on 2011-01-25 12:56:00

*DISCLOSURE: This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instrument discussed therei

Will Bears Finally Have Their Day?

Published on 2011-01-25 11:28:00

The market is turning lower as we head into lunch time hour with former bank leader Goldman Sachs Group Inc. (GS) among the hardest hit, down nearly 2.5%. The S&P looks set to test the prior day's low as yesterday's rally proves fleeting. Gold an

Can Gold Restore Its Luster?

Published on 2011-01-25 08:07:00

Gold reversed hard the first day trading of the year, making a bearish triple top, and has continued to be weak since. On a technical basis, the SPDR Gold Trust ETF (GLD) was a great short through the lower trendline of the upper level consolidation,

PRGO Buy the Dip

Published on 2011-01-25 08:03:00

By: Zev Spiro Perrigo Co. (PRGO) recently broke out of a bullish continuation inverse head and shoulders pattern that is indicating a minimum expected price objective of 78 dollars. Currently, the price is consolidating the recent breakaway gap clos

Futures Drop After VMWare Earnings

Published on 2011-01-25 07:25:00

Futures are pointing to a down open Tuesday after Monday's rally as investors continue to digest the meat of earnings season. After the close yesterday, virtualization leader VMWare, Inc. (VMW) beat analyst estimates on the top and bottom line, but w

You Never Go Broke Taking Profits

Published on 2011-01-24 11:27:00

GOOG weakness Friday told me to short gap up this morning. I came in today not really sure what to expect, given that I was out Friday and really didn’t watch the market at all. One thing I did see right away was Google, Inc. (GOOG). GOOG gapped

Molycorp Announcement Could Signal Bottom for Rare Earth

Published on 2011-01-24 11:17:00

The Green Bay Packers weren't the only ones to defeat the Bears; the market continues to push higher in spite of erratic action last week that many thought could forecast an impending top. The jury is still out, though, on this most recent thrust hig

Short Opportunity in WSM

Published on 2011-01-24 08:32:00

By: Zev Spiro Williams Sonoma Inc. (WSM) began forming a bearish ascending wedge pattern at the end of July 2010. The pattern was triggered by a gap-down below the lower boundary line on November 18th, with added confirmation via a surge in volume.

Market Remains In Uptrend Despite Weak Undercurrents

Published on 2011-01-24 07:27:00

Dig deeper and everything's not rosy for the market short-term. The market took a break over the weekend as futures point to a flat open this morning. Despite the market once again bouncing off support and remaining in the uptrend, the two-way action

Apple, Google Selling an Ominous Sign for the Market

Published on 2011-01-21 15:49:00

Pardon me, but there were some mixed signals being sent by the market this week. The Dow is at two-year highs, but I don’t think the indices are telling the complete story right now. There is a lot of technical damage to charts and troubling noises

Lightspeed Trading Station Layout

Published on 2011-01-21 09:48:00

Q: Hey Guys, I am a prop trader and an avid reader of your blog. (Keep up the good work!) My firm is currently in the process of switching platforms from Anvil to Lightspeed's software - which I think is what you guys are using every day. I am worki

Distribution in Domtar (UFS)?

Published on 2011-01-21 09:01:00

By: Zev Spiro In yesterday’s comments I mentioned that tops develop over time and distribution patterns will form on the charts. The following trade idea for Domtar Corp. (UFS) is based on a previous break of an uptrend with a potential distributi

Google, GE Earnings Lift Futures After Yesterday's Reversal

Published on 2011-01-21 08:27:00

Futures point to a higher open on Wall St Friday after strong earnings reports from Google, Inc. (GOOG) and General Electric Company (GE). Google matched Apple's strong report in the race for tech supremacy, and also announced in a surprise move that

Market Averts Disaster, Now We Survey the Damage

Published on 2011-01-20 14:51:00

The rally has been extremely resilient since the now-infamous Jackson Hole summit, with the only decent pull-back (~5%) coming in mid-November. Since then, each time the market has touched support at the lower trendline, it has turned up. However, as

Cloud Stocks: Rainy Day or Climate Change?

Published on 2011-01-20 13:08:00

During the session yesterday cloud computing stocks were weak, but the real damage came after hours following the F5 Networks, Inc. (FFIV) earnings report. The company narrowly missed revenue estimates and revised down Q2 revenue forecasts. The stock

How (and When) to Trade After-Hours

Published on 2011-01-20 10:46:00

How I trade pre and post market is a question I’ve been asked many times in my career. The biggest thing I would say is this: preparation is important during all types of trading, but infinitely more crucial if you are going to try to trade after h

Technical Damage More Widespread than Dow Suggests

Published on 2011-01-20 07:33:00

US stock futures are pointing to a lower open Thursday after yesterday's potent sell-off, which was the biggest decline in more than two months. The financials, agricultural and technology stocks all weighed on the indices after news made investors c

Today's Selling Feels A Little Different

Published on 2011-01-19 11:48:00

Goldman's narrow beat wasn't enough to satisfy market. Earnings, earnings, earnings was the theme of the morning. Earnings season is my favorite type of year to trade because the action is plentiful. For a momentum trader like myself, there is tremen

Networking ETF Play on Technology Upgrade Cycle (PXQ)

Published on 2011-01-19 10:20:00

Cloud computing has been all the rage over the past two years with more doubles, triples and home runs than Josh Hamilton. Cloud technology has reduced barriers to entry for small businesses by reducing overhead and increased cost efficienc

Solars, Rare Earth Perking Up

Published on 2011-01-19 07:25:00

With everyone looking to buy the dip in this market, it sure has been hard to locate one. Investors have continued to show a large risk appetite throughout this rally, and even at extended levels it's a story of people wanting into this market. Per

Rare Earth Reversal Brings Opportunity

Published on 2011-01-18 15:56:00

Rare Earth stocks took a breather and are trying to re-setup. The top two rare earth stocks Rare Earth Resources Ltd (REE) and Molycorp, Inc. (MCP) staged Red Dog 80-20 reversals today and look poised to climb back toward highs. Given the percentag

Stick to Your Plan In the Face of Possible Distractions

Published on 2011-01-18 13:36:00

I came in this morning and saw the obvious news from over the weekend: Steve Jobs was taking another medical-related leave of absence from Apple Inc. (AAPL), crushing the Nasdaq futures and casting a negative cloud on the overall market. My game pl

You Don't Need the Best Cards to Win the Hand

Published on 2011-01-18 11:07:00

In a nutshell, it’s not so important to win “this hand” in poker, but rather to put together an approach (or strategy) that will win over time. Traders spend way too much time and energy in the outcome of single trades but instead should focus

AAPL Emotional Buying Opportunity?

Published on 2011-01-18 08:54:00

Apple Inc. (AAPL) is a stock I trade often and that we cover often here on the T3Live blog. The company continues to innovate and achieve success in nearly every venture it undertakes, thanks in large part to visionary CEO Steve Jobs. Jobs has been p

AAPL Slammed After Steve Jobs Announcement

Published on 2011-01-18 07:21:00

DOW futures are pointing to a higher open after the long holiday weekend, but it's a different story in the NASDAQ. The big headlines this morning is that Apple Inc. (AAPL) CEO Steve Jobs is taking an indefinite leave of absence to focus on his healt

JPM, INTC Earnings Beats Can't Lift Futures

Published on 2011-01-14 07:13:00

US stock futures point to a slightly lower open Friday despite strong earnings after the close yesterday from chip giant Intel Corp. (INTC) and this morning from JP Morgan Chase & Co (JPM). China raised its reserve-requirement ratio for banks ove

Patience is a (Trading) Virtue

Published on 2011-01-13 13:35:00

Good afternoon everyone, the market continues to hold in strong near multi-year highs. I came in long a little China MediaExpress Holdings (CCME) overnight based on how strong it closed yesterday, and the fact that it finally cleared my $17.50 level

My Cable-Ditching Experiment

Published on 2011-01-13 10:50:00

By: Mickey Goetz A trend in new media is emerging as high-speed internet becomes "the standard" for viewing video, tv shows, sports, and more. This concept may seem like old news, but as you will find out in this article, new media may be changing r

Portion control in more ways than one...

Published on 2011-01-13 10:03:00

Post courtesy of Jordana Balsam from elitetradingtips Have you ever eaten a cookie when you are trying to lose weight and decided that since you already ”broke your diet” with that one cookie you may as well have another which often leads to an

Banks and Ags Set to Outperform in 2011

Published on 2011-01-13 07:23:00

Futures are near flat this morning with jobless claims and PPI data on tap. After the close today, chip giant Intel Corp. (INTC) will report its fourth quarter earnings, which ar expected to come in at 53 cents a share. Bond auctions continued in Eur

Don't Deviate From Your Personal Trading Plan

Published on 2011-01-12 14:57:00

The market continues to be very strong, but not too many of my stocks acted very well this morning. My main plays, the rare earth stocks, are mostly resting except for SHZ. SHZ was a monster this morning, bouncing off it’s lows of $8.00 and barely

Oil Looking to Catch Fire

Published on 2011-01-12 07:29:00

Stock futures are pointing to a higher open this morning, tracking gains in the European markets following a successful bond auction in troubled Portugal. The market remains overbought with hardly a downtick since the start of December. While we have

Travelzoo (TZOO) Breaks Out, But With No Morning Entry

Published on 2011-01-11 14:00:00

It is important for us to realize that with the volatility we are seeing right now, being down a little right away in the morning is not that big of a deal. I was down about $1,000 right off the bell when all my ideas went the other way. I bought som

Recipe for Bear Stew!

Published on 2011-01-11 11:13:00

Yesterday the S&P tested the 1260-1262 area for the second day in a row and held again. Strong stocks couldn’t go lower. Apple Inc. (AAPL) was super strong and Marc Sperling's Play of the Day Netflix Inc. (NFLX) was a monster. Banks couldn’t

PWER Powering Up

Published on 2011-01-11 09:02:00

The life of Power-One, Inc. (PWER) has been quite the roller coaster. During the tech boom, the manufacturer & designer of renewable power systems traded as high as $90, but at the bottom of the market in 2009 toiled in penny stock obscurity

Wheels In Motion for RIMM

Published on 2011-01-11 08:50:00

Research in Motion (RIMM) was a dud in 2010, at one point losing more than 40% of its value before recovering. The bounce back has been strong, though, for RIMM after two straight quarters of strong earnings and an innovative new product in the table

In Resting Market, Stock Selection is Key

Published on 2011-01-11 07:24:00

The irrespressible market marches on this morning as the futures point to a higher open following an earnings beat by Alcoa to kick off earnings season. The aluminum giant earned 21 cents per share excluding special items vs. 19 cents per share conse

Select Stocks Still Strong Despite Teetering Market

Published on 2011-01-10 10:06:00

The first week of the trading year kept our "right place, right time" thesis intact. Gold, silver and some oil names came off. The financials gave us some nice upside follow through in the beginning of the week before getting hit on Thursday and Frid

Feast or Famine Heading Into Earnings Week

Published on 2011-01-10 07:26:00

US stock futures are pointing to a lower open to begin the second week of 2011, while aluminum giant Alcoa Inc. (AA) is set to kick off earnings season after the close today. The drop follows declines in the European markets, where debt worries conti

Casino Stocks Sweeten the Pot (LVS, MGM, WYNN)

Published on 2011-01-07 15:31:00

The casino sector has been one of the biggest recovery stories from the economic recession. The casino business operates at significant leverage, and during the downturn this fact came back to bite them during a time of plummeting revenues. Some peop

Lighten Up!: Rally Not Over, But It Needs Rest

Published on 2011-01-07 13:39:00

The casinos have been some of the strongest stocks in the market. Investors and traders have enjoyed the steep, resilient rally from S&P 1040 in September all the way to as high as 1274 this week. Long-term portfolios have likely seen signific

Lunch Bite: Chinese Stocks, Rare Earth In Play

Published on 2011-01-07 10:59:00

I came in this morning long a little Asia Entertainment & Resources Ltd. (AERL) and E Commerce China DangDang (DANG) knowing that the monthly employment numbers were due out at 8:30. After the disappointing numbers came out the market barely made

Jobs Number Misses Mark: What Does it Mean?

Published on 2011-01-07 08:36:00

Today's jobs report came in light after a robust private sector ADP number of ~+300,000 midweek raised expectations. Non-farm payrolls came in at a gain of 103,000 vs. 150,000 expected, while the unemployment rate came in surprisingly at 9.4% vs. 9.7

Markets Anxiously Await Jobs Number with High Expectations

Published on 2011-01-07 07:14:00

The futures are basically flat overnight as traders and investors wait anxiously for the first jobs report of 2011 at 8:30 am EST. After a stellar ADP jobs report earlier in the week showed a sharp increase of ~300,000 private sector jobs, optimism f

Solars Heating Up (FSLR, JASO, SOL, SOLF)

Published on 2011-01-06 22:54:00

The solars are not one of by bread and butter sectors, but from time to time I revisit them when I see a compelling opportunity. With still somewhat dodgy fundamentals and a 'cloudy' (pun intended) future, I rely almost purely on the charts

Apple (AAPL) Of My Eye

Published on 2011-01-06 16:47:00

There is this hot, exciting company out there you should know about. The company is a real triple threat: great technology innovators, great product designers, and great marketers. The stock is both a great trading vehicle a

Lunch Bite: Rare Earths Pay on the Short Side

Published on 2011-01-06 10:38:00

After watching Fast Money last night on CNBC and hearing what they had to say about Molycorp, Inc. (MCP), I came in a little bearish this morning on the rare earth plays. Boy did that pay off. MCP, Rare Element Resources Ltd. (REE), Avalon Rare Metal

Money Rotating Into Financial Laggards

Published on 2011-01-06 07:22:00

It seems not much has changed in the market in 2011. On the first trading day of the New Year we saw new money pour in, leading to a gap and go scenario. However, stocks faded in the afternoon Monday and continued their slide into that New Year's gap

Hit the Links (Extended Version): Everyone Planning for the New Year

Published on 2011-01-05 11:33:00

Investing Fads and Themes by Year (The Reformed Broker) A fun chart put together by Josh Brown highlighting the market's obsessions by year. Attention Inflationistas: You Are 3 Years Too Late (The Big Picture) "The Fed’s preferred price gauge, whi

Lunch Bite: Don't Overtrade

Published on 2011-01-05 10:55:00

Hello all, I just wanted to let you know I want to begin giving an intraday trading update each day, letting people know what I have been doing, how I see the market, and something important to take note of that day. Here is my first entry. Please fe

Don't Just Throw a Dart and Buy

Published on 2011-01-05 07:16:00

While many investors may be rightly bullish, traders cannot simply throw a dart at the board and expect to hit the bullseye every time. Yesterday's action was a consolidation day as the stocks leapt out the gate on Monday and needed a day of rest. To

Las Vegas Sands (LVS) Has An Ace Up Its Sleeve

Published on 2011-01-04 15:11:00

Las Vegas Sands Corp (NYSE:LVS) has been in a corrective process since hitting the $55 area in early November. Since then the stock has put in a series of higher lows and the pattern is getting very tight. This stock moves fast and is tricky. We had

Gold Trade All About Discipline

Published on 2011-01-04 14:46:00

I’ve been trading Gold since 2008, ever since I told Marc Haines we could see $1300-$1500 when it was trading around $850. Every step of the way we managed the trade based on the pattern and composure. There were always technical signs to see to ke

Scott Redler on CNBC: "Stay Disciplined and Long"

Published on 2011-01-04 10:49:00

Why investors need to "stay disciplined and long" in the current market,with Mike Rubino, Rubino Financial CEO, and Scott Redler, T3live.com. *DISCLOSURE: Long BAC, CSCO, C This material is being provided to you for educational purposes only. No i

New Year's Resolutions

Published on 2011-01-04 10:01:00

Guest post courtesy of Jordana Balsam of Elitetradingtip's Blog The New Year is finally here and so are the resolutions. That time of year when we tell ourselves this is the year we will get in shape, excel in our careers, volunteer, find a soulmate

China MediaExpress (CCME) Riding High

Published on 2011-01-04 09:00:00

China MediaExpress Holdings, Inc. (Nasdaq:CCME) provides television advertising network on inter-city express buses in China. It offers advertisements on its network of television displays installed on express buses originating in five municipalities

Stocks Leap Out of the Gate to Start the Year 2011

Published on 2011-01-04 07:37:00

The year 2011 started with a bang as markets leapt out of the gates with the Nasdaq Composite taking leadership starting the year with a 1.46% gain. The Santa Claus rally is typically seen as extending until January 7th so the market is still in the

Globalization of Consumerism -- Demand Creates New Magnets

Published on 2011-01-03 14:02:00

The world is getting smaller. We hear this all the time. The reality is not that the world getting smaller- travelling around the world is getting easier. As global trade continues to expand and multinational corporations spread around the globe, we

Recap of 2010 Market Performance & ETF Tracking Error

Published on 2011-01-03 10:33:00

After a couple weeks off from posting through Christmas and the end of the year, I'm back to recap the year. Santa Claus showed up at the end of 2010 to add to the gains while the economic calendar and geopolitical environment presented no impactful

Playing Rare Earths in 2011 (VIDEO from TheStreet.com)

Published on 2011-01-03 10:21:00

*DISCLOSURE: Long AVL, SHZ This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instrument di

Clean Slate for All In 2011

Published on 2011-01-03 08:49:00

It's a new beginning for everyone in 2011. On this first trading day of the year, futures are giving us a nice 10 handle gap up to extend the December gains. The market became very stock and sector specific in December and I expect the same to contin

"This is the business we've chosen..."

Published on 2010-12-31 09:52:00

Guest post courtesy of Jordana Balsam of Elitetradingtips It’s the end of the year, a time for natural reflection and looking back on the year that past. Our favorite T.V. shows are reruns. The Christmas specials are all based on reflecting on ye