Gary Investing Blog

Testing

2014-08-19T12:03:00.001-04:00

Testing

09/19: AAPL, GOOG, PCYC

2013-09-19T03:12:00.003-04:00

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Apple is still closing below 200SMA after the good news from the Fed yesterday. AAPL was traded with very low volume yesterday compared with SPY. How prices on AAPL develops this week is very important to its outlook. Before AAPL breaking above 200SMA, I remain bearish with a target $400.

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Google, Inc. (NASDAQ: GOOG) breaks slightly above the last peak, closing at $903.32. I target $930 in two weeks when the positive effect of the FED not tapering should wear off by then. Let's see if 50SMA can be a major support from now.

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Pharmacyclics, Inc. (NASDAQ: PCYC) beaks are not getting higher with sluggish movement. PCYC is at its high again. RSI and MACD are showing negative divergences as both are falling against the price uptrend. You should consider profit-taking; however I don't suggest going short as a breakabove might lead to short squeeze as well.

Thanks for reading,

Gary Investing Blog

09/18: X, HLF, SOHU, BBRY

2013-09-18T07:02:00.000-04:00

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Blackberry (NASDAQ: BBRY) There is possibly a bottoming pattern here with support found around $10.00. Although MACD is at negative region, the MACD signal line is turning up and a bullish crossover should be around the corner. 50SMA is showing rounding bottom. RSI 50-level shows support as well. I target $12.00 for BBRY for the short run. I don't see BBRY could cross above 200SMA in the coming months.

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Herbalife Ltd (NYSE: HLF) is coming back and making new highs again and again. HLF breaks above $67.69 resistance level last week and continues its bullish act this week. Volume is increasing steadily along with MACD and prices. Until there is a unusual volume, due to short squeeze or speculative trades with a intra-day price hike, I don't see a pullback in the short future.

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SOHU is another candidate for buy the rumors, sell the news. SOHU opened at new high and closed with dropping 2.66% after several partnership and deals are announced this week. I can't say for sure if SOHU is going to drop. But the risk-reward ratio does not seem good to be on the boat. Avoid.

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US Steel Corp (NYSE: X) Yes! Again! As I mentioned, X has tested the breakout point with a pullback and run-up. I target X for $22 in one month. Refer to my posting on Friday and Sunday for details of my analysis.

Thank you for reading,

Gary Investing Blog

9/15: AAPL, HOV, INTC, X, YOKU

2013-09-16T00:21:00.003-04:00

Apple, Inc. (NASDAQ: AAPL) totally proves the "buy the rumors, sell the news" saying again. AAPL has dropped more than 10% after Iphone 5c 5S were announced. Bearish MACD Crossover is around the corner. The bounce-back after the huge age is very unnoticeable and with little volume, showing there is very limited buying power in the market. For the past several behaviors, AAPL tends to drop after prices closing around upper B. Band. Even thought there is a golden cross with oversold signal in Slow STO. I don't think there is much space for AAPL to run up. It will eventually hit $400.00 level again and retest the support at $386.06 again.

Hovnanian Enterprise, a real estate company, has a breakabove in both price chart and RSI 50-level. The volume is average which does not give a very bullish sign. Plus, considering the MA(50) and rounding top MA(200), we should take a close look at how the movement develops.

Intel Corp (NASDAQ: INTC) Technicals are bullish with a breakabove of a downtrend, MACD Crossover and trading above both 50SMA and 200SMA. It had a nice setup since Septembers begins with a breakabove of the channel with a pullback. INTC is on the run again and RSI is still not at overbought level.

US Steel, another stock breaking above a channel, has pulled back to its breakout level, AND still above 200SMA level. RSI level has eased a little bit. The volume in the dropping days are quite little. Strong reading in MACD and the trend of its signal line. For me, U.S. Steel is the most confident pick I have today. I really don't see anything but very bullish setup from the price chart.

YOKU, acquired Tudou last year, has made a new 52-week high last Friday with a run-up of almost 9% with huge volume due to unusual volume on call options, as I predicted on Thursday. (Click here). Although it is a very bullish setup, I don't find any news, except integrating eith QIHU tools, which might be great enough to support its recent move. HSBC, JPM and DB all downgraded YOKU and reduced their target and last earning report was on Aug 08. Be Aware and Stay Tuned for now. I suggest selling your position if you read my post and bought the stock on Friday morning.

To all my Dear followers,

I have moved back to Hong Kong from New York last month and am now working at a Chinese-owned Asset Management Company as a Fixed Income Analyst. I have just resumed writing this blog. I am very delighted to see my number of followers on Twitter exceeded 1,000. I am aiming for 2,000. in 3 months. Please help me to spread my blog and Twitter if you like my analysis or if I helped to earn some fortune.

Thank you for all your support.

Gary Lee

Account for both Twitter and Stocktwits: GaryLee_HK
For Twitter: Click Here
For Stocktwits: Click Here

09/13: TSLA, X, YOKU, SINA

2013-09-13T04:45:00.001-04:00

Tesla Motors, Inc., TSLA, a stock runs up almost 400% since the beginning of this year, has pulled back a little after reaching record high, $173.30. TSLA has been steadily climbing up within the upper half of the Bollinger channel. The volume is decreasing while RSI is going back to reasonable level. Support is tested at $158.51. I suspect TSLA will reach back to its historical high and attempt to breakabove in one week or so.

US Steel Corp (NYSE: X) has broken above the channel formed since this May. However, high reading in RSI and the 1.37% drop yesterday could end its bull. Since 50SMA has a bottoming pattern, I think X will pullbacks to $18.50 level before we see another round of buying.

Chinese internet concept stocks, including YOKU has shown appreciation due to optimistic and speculation on profits on chinese social network websites. YOKU has been trading with huge volatility since Aug. A tight channel has formed for the past two weeks with a 5% jump with a spike in volume yesterday. YOKU still closes within the channel. With the RSI greatly supports by the 50-level, YOKU can run up to $26.37 if trend continues.

The picture on SINA is better and more bullish than that of YOKU. With a bullish MACD Crossover around the corner and golden cross in June, SINA has trying to breakabove its high in August again. Heads up for a double top pattern if the uptrend turns around with a huge volume.

07/22: AAPL, GOOG, HLF

2013-07-23T02:46:00.001-04:00

Right after Apple (NASDAQ: AAPL) touches 50SMA, it falls below $430.00 again with a falling RSI and MACD. AAPL is trading with little volume as the company reports Q2 earnings tomorrow. Heads up.

Google, Inc. (NASDAQ: GOOG) Strong support is found on 50SMA after GOOG had a big drop last Friday. The outlook is still healthy but more confirmation is needed to long GOOG. Rising MACD with RSI serving great support at the level around 50. GOOG could reach $1,000 in several months if it breaks above $930.00.

Weekly chart. Click to enlarge.

Is Herbalife back again? After HLF pyramid scheme scandal, reaching as lowest as $24.24, HLF gets back to $59.39 as of Monday 07/22, covering half of the candlestick in May 2012. Worth to notice that volume is falling and Bollinger Band is very wide, which signals a possible reversal/ correction coming.

07/11: AMD, AMZN, SPY, TSLA

2013-07-11T03:08:00.000-04:00

Advanced Micro Devices, Inc. (NYSE: AMD) jumped almost 12% with highest volume this year after several analysts upgrades. Bullish MACD is around the corner. Today's move breaks above its symmetrical triangle formed since May. The outlook is very bullish now.

Amazon.com (NASDAQ: AMZN) has kept rising since mid-June. The volume is unexpectedly very level with stronger moves generally accompanies with higher volume. MACD is raising quickly. Since MACD is at a very high level and RSI is at overbought level. We might see a correction to $283 or side-way move in the coming weeks.

S&P500 SPDR is reaching significant level as it's approaching 52w high, as well as highest level since financial crisis. The volume is rather weak which does not confirm the recent strong move.

Tesla Motors, Inc. (NASDAQ: FSLA) continues to close higher amid falling volume. As RSI reaching higher and level MACD histogram, I think we will see a pullback to $115 level before any strong action again.

Gold below $1,200. Is it time to buy?

2013-07-08T03:57:00.005-04:00

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Fundamentally, gold price is not truly based on demand and supply but the Fed's decision on monetary policy. But given that $1,200 an ounce is the cost of production of gold, Gold price should eventually get back to $1,200 as we might see miners closing down or going half-shut in the future if Gold price due to profitability problem. For the short run, Gold price could continue to drop before the Fed making an announcement on whether they taper or not.

Technically, previous bullish MACD crossovers have failed to bring any bull to the gold price. With the rapid separating 200SMA and 50SMA, despite low RSI level, the overall technical outlook of gold is not good and I would suggest followers to avoid investing in it in hopes of seeing a reasonably profitable rebounce in the short future.

Must-Know News for the week of 07/06/2013

2013-07-06T03:58:00.000-04:00

1) Crude oil have passed through $100 for the first time since September due to political turmoil in Egypt.

2) Chinese business activity contracts according to HSBC Composite PMI for the first time in 10 months.

3) United States recorded greatest employment growth at 70-month high in June and business confidence hits 14-month high.Click to read more.

4) The market for biotech IPOs is under its best time in 9 years, with 16 companies raising a total of $1.1 billion since 2013 begins

5) Australia maintains rates at 2.75%

6) Amid fears about Fed tapering, $80 billion was pulled from ETFs and mutual funds, almost double during the financial crisis in Oct 2008.

7) Eurozone manufacturing PMI increases to 16-month high.

8) China's HSBC manufacturing PMI slips to 9-month low.

4 Break-above to watch

2013-07-03T03:09:00.003-04:00

Ford Motor Co. (NYSE:F) has made a 52week new high with great volume. Bullish MACD crossover. RSI is yet to reach overbought level. I think F will continue to rise this week. 50SMA would be a strong support.

Krispy Krime Doughnuts, Inc. (NYSE: KKD) breaks above and made a new 52w high. Similar to F, it has a bullish MACD crossover at the same time. However, volume is much smaller and RSI is about to reach overbought level.

Tesla Motors Inc. (NADSAQL TSLA), one of the most mentioned stocks this week on StockTwits, has made a new 52-week high. Bullish MACD Crossover. With the generally decreasing volume after the huge run in May, I would suggest a close stop in case for a retracement. Stop around $107.00 (previous peak)

United States Oil Fund (NYSE: USO) get above $35.00 once again. Two weeks ago, it reaches $35.06 then fell quickly to $33.00. Similar pattern can be found in early-April and mid-May. Therefore, look real close to the oil price if you are investing in such commodities related with crude. I totally think it will drop back to $33.00 soon, but I cannot rule out the possibility that this breakabove would bring further bullish move.

06/26: FSLR

2013-06-26T02:45:00.000-04:00

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Just like I mentioned yesterday, FSLR continues to rise today. MACD is recovering very soon. We could expect a short squeeze when FSLR reaches $48.00 level. More bull to come if bullish MACD crossover comes around.

06/25: AMD, FSLR, GLD, OVTI

2013-06-25T02:43:00.000-04:00

AMD breaks above a falling triangle after BBand consolidates. AMD closes slightly above the upper Bband. With a bullish MACD crossover around the corner, AMD should continue its bullish move if it breaks above $4.20 level. Stops below $3.80

It seems like $41.00 level supports FSLR from falling. FSLR has gained $3.23 (7.83%) today, however with just average volume. 50SMA would be the major resistance level. If FSLR fails to break above 50SMA, it suspect it would fall back to 200SMA, which is also 50% retracement of the huge candlesticks in mid-April. Stop slightly below $40.46.

Gold has been depreciating significantly and rapidly after FED signals that it might soon start tapering its QE program. GLD is at a level lowest since August 2010. Although it has been words outside that says $1,200 an ounce - the cost of production - will stop the slaying soon, we see funds dumping their gold continuously. I will recommend staying away from investing in Gold in any sense, especially speculating for a rebounce of turnaround.

OVTI is showing a doji on chart after reaching middle line (20SMA) of Bband. It seems that the gap open level, $18.09) is serving as a support well. With a 50SMA higher than 200SMA and reasonable RSI, I think OVTI can get back to $20.00 level soon. Stop just below $17.5 or $17.0.

06/24: NOK, AAPL, DDD

2013-06-24T23:47:00.001-04:00

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Nokia Corp. (NYSE: NOK) has fallen below upper Bollinger band the third time since April.Last two times when NOK fell below upper B-band after touching it in mid-April and mid-May, it pulled back to a level around lower Bband. With the bearish market outlook recently, I can't think of much reason that NOK is not due for a pullback. I would suggest selling partial or all shares and reinvest when NOK reaches MA(50) or MA(200) with a stop below $3.00.

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Apple, Inc. (NASDAQ: AAPL) has once again dropped very close to $400.00 level, trading significantly below 50SMA, and of course 200SMA. Bearish MACD Crossover with lower Bband within candlestick bodies. With a oversold signal from RSI and possibility that AAPL can bounce back to $440, which gives a roughly 10% gain it it happens. Technically, I don't think AAPL would stop the downtrend in a short time. Be aware and stay away. There are much more investment out there better than buying Apple stocks.

Click to Enlarge Chart

3D Systems Corp. (NYSE: DDD) has made a triple top pattern with a drop below. Should 50SMA acts as a support, DDD still has room to go up. However, with a bearish MACD crossover and widening Bband and sluggish movement. I don't think DDD can go above $52.00 without a significant pullback to $36.00 which is a 50% retracement.

Thank you for reading Gary Investing Blog

Please also follow me on Twitter (@GaryLee_HK) for trading ideas and updates during trading hours.

06/20: SPY, UVXY, AAMRQ, FSLR

2013-06-20T02:37:00.000-04:00

First Solar, Inc. (NASDAQ: FSLR) has dropped all the way back to the break-above level, $41.00. MACD is below zero and MACD histogram is showing significantly negative value. I think FSLR should rebounce at $41.00 but the continuation of the uptrend is yet to be determined. If $41.00 is break above, FSLR will very possibly fall back to $30.00 level in no time. You may consider longing FSLR between $40.00 to $41.00 with a tight stop for a rebounce play.

SP500 fell below 50SMA for the first time since 2013. Bearish MACD crossover is around the corner. SPY is falling with huge volume and RSI has broken below 40 support level as the Fed may cut their commitment in their asset buying program. Consider reducing your amount invested in stocks and equities for the time being.

For most of the time, when SPY falls, VIX index increases. If you believe the market is due for a huge correction, UVXY could be a good investment or serves a hedging purpose. Notice that UVXY's 20SMA has crossed above 50SMA first time since 2013 which, I think, would be a significant bearish signal for the overall market.

AMR Corp. (OTC: AAMRQ) I have been mentioning AAMRQ (or American Airline) a lot since the begining of this year. Both 200SMA nad 50SMA is showing a rounding top and MACD is felling quickly. AAMRQ has also been trading below 50SMA this week. I think the hype of this junk stock is coming to an end. AVOID.

Dear Followers

2013-05-23T23:03:00.000-04:00

I will be on a trip to the west coast until June 12th. I can't guarantee I can tweet as frequently as before but I will try my best. I would also like to take this chance to thank you all for your support. I am very pleased to see my Twitter has 1000+ followers.

Regards,

Gary Lee

5/20: GLD, ORCL, YELP

2013-05-20T03:01:00.001-04:00

SPDR Gold Trust Shares (NYSE: GLD) As gold once again dropping into $1300 per ounce, reaching its 52w low again, GLD experienced a bearish MACD Crossover with increasing volume during red days. I confidently believe that the downtrend of GLD is very strong, and Gold will hit $1000 per ounce by the end of 2013 if it continues making new lows.

Oracle Corp. (NASDAQ: ORCL) has about to fully filled its gap formed in March. If ORCL cross above $35.5, it will signals a strong uptrend ahead of us.

Yelp Inc. (NYSE: YELP) is under a flag formation. Since bearish MACD is around the corner, I think there might not be a break above. The pattern on prices and MACD are similar to ones YELP had in March and April, therefore, pulling back to $28.00 or even 50SMA level should not be surprising.

Again AAMRQ, FORM, TSLA

2013-05-17T02:52:00.002-04:00

Three stocks that are running up like a beast.

AMR Corp. (OTC: AAMRQ) I have been mentioning American Airline for weeks already. This stock has been running up with no stop like a beast. The volume is among average and MACD is rising quickly. I see no sign of reversal so far despite the skyrocketing RSI index. Today, AAMRQ has jumped another 7%, giving me 30% since I initiate a long position on 9th March.

FormFactor Inc. (NASDAQ: FORM) broke above a strong resistance level, $5.25 with a huge volume. Depends on the move next week, a pullback to $5.25 level should not be surprising, but this breakout signals a strong uptrend continuation.

Telsa Motors, Inc. (NASADAQ: TSLA) has broken above a flag formation with a decent volume. Extending the height of the flag, I target a $110 stock price within a month.

5/15: AAPL, DDD, SPWR, SIRI, GTAT

2013-05-16T03:40:00.003-04:00

Apple had a bad day yesterday, dropping 3.38%, as hedge funds are dumping their positions. AAPL traded as low as $422.36, crossing below 50SMA again. The outlook is again bearish with a bearish MACD crossover around the corner. I shorted AAPL yesterday before close. I target $382 in a month. Stop just above $463.

Today's red candlestick on DDD confirms the doji formed on Tuesday, same day when DDD crosses above $50.00 mark and reach as high as $51.94. Although it drops with light volume, I think further depreciation, possibly to $45.0 level, will trigger a massive sell off and profit-taking. I would suggest considering liquidating partial shares. I have no position on DDD as I have sold all of my position by Tuesday 's close.

GTAT has made a golden cross, crossing above 200SMA. GTAT has been making higher highs and higher lows since March. Despite the high reading in RSI, I believe a pop will be around the corner if GTAT stays above 200SMA for several more days.

Sirius XM Radio, Inc (NASDAQ: SIRI) has made a big move yesterday, after it breaks above a flag formation. Uptrend continues and I target $4.00 in a month. If you have longed since $3.00, I suggest a tight stop order or a trailing stop of 5% as SIRI pulling back to 50SMA level should not be a surprising phenomenon.

Solar Industry is heating up again. SPWR has jumped 8.51% and doubled in less than a month. Volume is increasing along with the move. However, today's candlestick looks like a Doji, so trade with caution. Huge volume with a doji might be a short term top pattern. I have no position in SPWR.

Thank you for vising Gary Investing Blog

Twitter: GaryLee_HK
http://gary-investing.blogspot.com

5/09: DDD, GOOG, K, SNE, AAPL

2013-05-10T14:02:00.002-04:00

3D System Corp. (NYSE: DDD) has pulled back a little bit after reaching $44.91. The volume is much lighter than yesterday. I am looking into adding more shares if DDD pulls back to $40.00 level. I think DDD up trend is now very strong and could reach $48.00 by the end of this month.

Google, Inc. (NASDAQ: GOOG) I gave a bullish signal in 4/29's post when GOOG was crossing above 50SSMA and had a Bullish MACD crossover. GOOG has kept making new high with steady volume. RSI is approaching overbought level. I suggest selling some shares now as pulling back to 50SMA should not be surprising.

Kellogg CO. (NYSE: K) I twitted that K upset me a lot when it fell of May 01, but it now seems like 50SMA is a very strong support and K is bouncing back and moving up gradually along 50SMA. Note that volume on "green" days generally has more volume than the "red" ones. Bearish MACD ahead. Watch for a break below 50SMA which signals a downtrend.

Sony Corp (NYSE: SNE) running up quickly after reach 50SMA. Yesterday's close, 18.08, was slightly higher than last high, $18.06. So, it is technically a breakabove, although it is a small one.

Apple Inc. (NASDAQ: AAPL) is running out of strength trying to make a new high. No only that we see a doji on chart, but not that how AAPL tends to fall again after touching upper Bollinger band as well as MA(50). RSI is also turning around after reaching 70 level. I think the technical outlook right now is bearish and shorting AAPL will b eprofitable very soon.

05/03: APP, SINA, YOKU, DDD, SNE, RENN

2013-05-03T02:15:00.000-04:00

3D System Corp (NYSE: DDD) has been showing signs of recovery since last week. The stock found support from 200SMA and crossed above 50SMA. Last post, I suggest my followers to buy DDD when it crosses above $36.50 speculating that I will reach $40.00 in two weeks. The buying power in the market indeed is much stronger than I thought. DDD is already trading at $39.50 right now, approaching overbought level. Consider selling some proportion of your positions because DDD is rising with decreasing volume. There might be a pullback around the corner.

Renren, Inc. (NYSE: RENN), so called China-Facebook, is having a hard time crossing above 50SMA 3 times this year. Avoid this stock and if you are really bearish on Chinese telecom for any reasons, such as accounting tricks and scandals, by all means, RENN is also a good candidate for shorts.

Sina.com (NASDAQ: SINA) has jumped more than 20% this Monday and steadily going up after pulling back to $55.00 level. I think SINA crossing above 200SMA with a gap and huge volume signals a very strong buy signal. I think the possibility that SINA crossing below 200SMA in the coming quarter is very small. In fact, I think SINA could reach $62 by the end of this month.

Sony Corp. (NYSE: SNE) When SNE reaching $16.09 this April, I wrote a blog entry that I would rebounce and uptrend would continue in no time. However, rebounce never shows up. We have, now, a bearish MACD crossover on chart with RSI oscillate around 50 level for month. I think SNE might cross below 50SMA. I have already sold my shares in SNE.

YOKU has pulled back from $20.64 high for two days, closing at $19.74. Note that YOKU is falling in a decreasing volume and MACD is still very strong. If YOKU pulled back to 200SMA level, $18.63, it would be a very sweet level for entry. I suggest a stop just below 50SMA, just to prevent we are experiencing a Elliot Wave B instead of a trend reversal.

American Apparel, Inc. (AMEX: APP) Possible MACD crossover of APP is around the corner. 50SMA has been a very strong support since 2013. I have no reason to believe it would be different this time. Therefore, I think once APP closes above $2.00 again, it will head to $2.40 level again. At least for now, APP will steadily rises along with 50SMA before a breakout.

04/29: DDD, AAPL, GOOG

2013-04-30T01:21:00.001-04:00

Big move today on Apple, Inc, jumping 3.10%. But 50-day moving average has been a very strong resistance on AAPL since last October when the stock turns around from its peak $700 level. I remain bearish on AAPL until it closes above $450.

Finally some definitive signs of trend reversal on the recent downtrend on DDD. It has found support from 200SMA and crossed above 50SMA with a little pullback. Today it runs up 3.47% closing at $35.77. I think DDD can reach $40.00 in two weeks. Bullish MACD Crossover took place last week.

Google, Inc. (NASDAQ: GOOG) Once I gave a sell signal on GOOG on Twitter because it significantly crosses below the 50SMA, but I would like to give a buy signal as GOOG turns out to get back above 50SMA with a pullback testing it validity. Bullish MACD Crossover.

04/23: GOOG, UVXY, CECO

2013-04-23T23:32:00.002-04:00

Click to enlarge a chart

Google, Inc. (NADSAQ: GOOG) has jumped almost 10% since last Friday from the previous low $761.26. Today's move is very sweet as it opens slightly below 50 SMA then pops all the way as high as $815.50 and closes at $807.90. GOOG literally closes above 50 SMA and get back on the upper half of the Bollinger band. Bullish MACD Crossover. Signal line approach zero from bottom. RSI looks healthy. Definitely a long candidate. Consider using a 10% trailing stop.

Click to enlarge a chart

As I have twitted today, we all should realize that UVXY and VXX have a hard time staying above 50 SMA. Next time when we sees a market correction and fear index jumping. We would know what to do. Get prepared for short.

Career Education Corp. (NASDAQ: CECO) had a huge move today, jumping 8.29%. Technicals, such as MACD, RSI are showing signs of recovery. I can't say it is a trend reversal but RSI and MACD are both upward sloping. Reaching above $2.40 should trigger a series of short squeeze.

6 Stocks on the Move

2013-04-23T02:59:00.001-04:00

Microsoft Corp. (NASDAQ: MSFT) makes a new high with huge volume. Bullish MACD crossover. Stock is reaching overbought level. But golden cross should bring another round of appreciation. Long candidate. Stop just below $30.00.

$85.00 level acted as a strong support to Exxom Mobil (NYSE: XOM) XOM gained back its position as the world's most valuable company amid Apple falling apart. MACD signal line and histogram are both turning around and XOM is trying to get back above 200 day moving average. Target for $91.00 in the short run.

Zynga, Inc. (NASDAQ: ZNGA) I have been waiting for long for ZNGA to bounce back. Golden cross took place 04/01 with a huge volume the day after. ZNGA is undergoing a consolidation for a while. 200 day moving average has acted as a strong support since this March. Saucer bottom is forming on MA(200). RSI is holding up pretty well despite the $1.00 per share fall since March. I expect ZNGA to get back to $4.00 in a month.

BlackBerry (NASDAQ: BBRY) has been trading with decreasing volume. Slightly uptrending line can be found on both price chart and MACD chart. Look for a break above MA(50) with more than average volume for entry.

American Capital Agency Corp. (NASDAQ: AGNC) I have been holding AGNC since the beginning of this year when its dividend yield reaches 17%. Again, AGNC has found support from MA(50). Uptrend still enacts.

American Apparel, Inc. (AMEX: APP) Although using technical analysis on a micro-stock like APP is much less useful and reliable, I cannot hold not to share that APP has found support from MA(50) three times since 2013. APP bounced 3.28% yesterday after reaching MA(50) level. I am long APP since $1.20 and has been buying and selling throughout the time. If you are interested in going long APP, I would suggest you to wait until a volume breakout with a pop confirming it. Stop at $1.70 would be sufficient at this level.

Apple Had a Big Drop Today!

2013-04-18T02:06:00.000-04:00

Apple, Inc. (NASDAQ: AAPL) dropped 5.50% today. Totally disaster. Once again, I have been telling over and over again in my Blog that AAPL is destined to drop to $400.00. Now, $400.00 might or might not serve as a strong resistance. At least $500.00 did not hold AAPL for too long, but don't blindly expect it will be the same this time. I suggest for those who short AAPL covering their stocks and observe what's going to happen now. Shall AAPL bounce back to MA(50), I will initiate short position again.

Amazon.com, Inc (NASDAQ: AMZN) has a tough time to make a new high even with a MACD Crossover. I target $255.00

Bank of America Corp (NYSE: BAC) had a big drop today and a bearish MACD crossover. Short term target at $11.00. Consider having more short positions in your portfolio than long ones.

Kellogg Co. (NYSE: K) had a very steady uptrend since last year. Even though with the big move this week, K seems still holding up very well. A break above $64.91 would bring another round of pop.

Altria Group Inc, (NYSE: MO) is forming a flag with now being traded just above middle line of Bollinger Band and $35.00. A break above $35.50 signals for a trend continuation. If it breaks below $34.82, the resistance is MA(50), $34.25.

Take a look at how $TSO follows lower Bband nicely. Similar to the points I have made in my previous post, TSO has fully formed a double top pattern, so now, looks more similar to a Head and shoulder. I target $45.25.

04/15: USO, GLD, DDD, S

2013-04-16T01:57:00.000-04:00

Told you USO is going to drop in my April 8th's post, I had a target of $30.00. It is going to reach there very soon. With a MA(50) crossing below MA(200) (i.e. Death Cross) as a driver, $30.00 level should be inevitable, unless tension in Middle East rises all of a sudden.

Along with oil prices, Gold also dropped significantly, amid Boston marathon attack. It is quite unusual to see gold dropping almost 9% in one day. So for those who shorted GLD as I signaled on Twitter, I totally suggest covering your position.

3D Systems Corp (NYSE: DDD) As I have mentioned before, MA(50) acts as a resistance very perfectly. DDD does have signs of recovery, if not, a trend reversal from downtrend into an uptrend. With higher highs, and Bullish MACD crossover, if DDD also makes a higher low/trough around MA(200). It would be very considerable to go long DDD again.

Sprint jumped after Dish Network offering $25.5 billion to buy its company. Keep S on your radar to see how the acquisition talk goes.