BSNBC's Blog : Latest entries

wait a while for new bases to form.

http://stockcharts.com/h-sc/ui?s=$COMPQ

looks like resistance in Nasdaq is coming up 2300-2325. be cautious of chasing stocks into market resistance.

there might be some stocks to buy, but we need low risk entries.

this has been a really big move.

jobs report is coming out this week.

http://finance.yahoo.com/echarts?s=%5EIXIC#chart3:symbol=^ixic;range=5d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&b=5&g=0&id=p34640691605

updated earnings on friday after the close.

guiding around $4.4 billion in revenue
34% gross margins.

that's around $1.5 billion in profit.

market cap is under $7.5 billion.

chart is excellent.

stock is volatile. but these are great profits. $1.5 billion profits and market cap is under $7.5 billion. you can't beat that.

http://stockcharts.com/h-sc/ui?s=SNDK&p=D&b=5&g=0&id=p42875260219

I think there is a big move coming to the downside but it might take a few more weeks.

Market risk is very high right now. Obama is proposing to raise cap gains taxes from 15% to 22.5%.

Even if this proposal does not go through, he is determined to get that cap gains tax up. i see corporate insiders dumping rapidly.

for example, I'm starting to see insider dumping in MA, CAT, GOOG, AMZN, NFLX.

The VIX looks ready to cross on the weekly chart.

http://stockcharts.com/h-sc/ui?s=$V…

today is the 4th day since the low on Friday. we'll have to see if this is a confirmation day. use discipline as always.

checked in this morning to see the Dow and Nasdaq up. stocks were up or down on very lilttle volume. some earnings are really great but the stocks are getting hammered. it's good to wait a while.

i think it's a good time to take a break from the market. wait for some nice bases to form. i don't think you have to play the market all the time. only when the money is easy.

in the meantime, work on new strategies. for me, i want to learn the options market.

market is not down that much today (Dow -38, Nas-31), but individual stocks are getting crushed.

Yesterday, the Vix fell out of its Bollinger band, which may signal a blowoff top.

http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=2&mn=0&dy=0&id=p41417609413

definitely, seems very blowoff top lately. good to be aware and have some protection (cash or puts).

hard to call the top, it takes a while to form and sometimes there are second surges back to the top before the market drops.

could be volatile today.

http://stockcharts.com/h-sc/ui?s=$VIX&p=DAILY&b=5&g=0&id=p92951709282

will market bounce or slice through 50 day?

many stocks went parabolic and topped out. usually that means a big correction is ahead. so far, not a very good bounce off the 50 day so far. we'll see.

not many good stocks at this level.

http://stockcharts.com/h-sc/ui?s=$COMPQ&p=DAILY&b=5&g=0&id=p84718256638

Investor's Business Daily says uptrend is under pressure.