Bio-Tech and Financial Counters Review

PRQR – ProQR Therapeutics BV

This stock breakout out away from resistance 18. Increase in the body, closing at the upper wick proved that this stock is very bullish at the moment. We should see it going higher in no time.

TMO - Thermofisher

This stock is accumulating at the upper side of the trend. There are absorption volume and this proves that there are buying at 127 level. If it happened to reach 127 again.. this is worth a consideration as this has high probability that it will break out soon.

C - Citigroup - This is rising 

We gave a buy signal when it is at 53-54 range. This stock is soaring yesterday. It break out with good volume and this indicate that we should see it going higher. Target price should be 60. we will monitor this. Remember Financial sector is now one of the leading sector and it is worth a look .

JPM - JP Morgan

JPM had also breakout with good volume. Island candle yesterday. We should see higher high coming in days to come. Target price should be 65.If volume comes in strong, 70 is reachable in short term. Watch!

BAC - Bank of America

 

BAC is the strongest of the three financial counters we reviewed. A full white body with that high volume indicated that all buyers are holding to the stock. We should see this stock moving high. 18-18.5 is the target price. We should see this in days to come.

Technology Counter Reviews

BABA - Alibaba

Is Alibaba a sinking ship now? The stock is temporarily bearish. It is moving sideway for the meantime. The increase in the body and the increase in volume has shown that more downside is expected. We may see a test to 103.90 coming. Do note that that MOMO IPO is coming on 12 Dec 2014. I believe that this dip is for more passengers to board it before it moved to next destination on the uptrend.

WUBA - 58.com

Yesterday I was so excited by the performance of this stock. It is soaring. However the overall performance is bearish. Why? because it closes mid to lower of the wick. Looking at the volume there is not much shares changes hand and below that is purely marked up by retailer. I see it moving higher with increase in volume. 

Qihu - Qihoo

Going downward? This stock has been underperforming after the 3rd quarter earnings report? when will it go up?

I am seeing this turing soon. I want to see a bullish candle and this stock is due to reverse. why do i say it will reverse. Simple - look at the volume. It is moving to lower low with decrease in volume.There is lack of participation from Smart Money. Every dip there is a wick. This is showing that there are buying at the backscene. We should see this testing 62.50 and we will see the reverse. 

INTC - Intel and MU - Micron

Both are inching higher and higher! These two technology stocks are moving higher. There may be pullback due to lower volume. But I believe this stock should see new high and increase in bullish sentiments.  

FB - Facebook

Yesterday is a buy signal triggered for FB. We can see that 10SMA and 30SMA has crossed. Increase in volume has proven that the move upwards is genuine. This stock will test 78 and soon hit 80 to close the gap. Next week is still not late to go in. Watch!

TWTR - Twitter

Nice uptrend from TWTR. We can see that the 10SMA and 30SMA is crossing as it narrows.

We should see volume coming in at slightly below 200SMA 44.10. It has to create a breakout in order to surpass the resistance to fill up the gap 48.

Recommended price:

Buy at 44.11 (support)

Target is 48

Stoploss is 44.

AAPL – APPLE

We saw a dip in APPL. Is this falling? There is no much movement as it is showing that it is between the Trader Zone (between 10SMA and 30SMA). We will like to see bullish candlestick here. As long as the uptrend is intact, this stock remains potential to break 120 in time to come. 

Dow Jones for 09 Dec 2014 to 12 Dec 2014

 

Dow Jones end the week on a positive note when Non-Farm Payroll report comes in strong. Overall still uptrend. We should see this resuming. To see the short term NYA index I am able to see the market breadth that novice trader does not know. We are going side-way. We need a breakout out of the triangle with good volume. Do note that December is a month where we likely see volume lower than usual as Traders went for holiday. 

Sector for Strength – Which Sector?

The above analysis is so good and easy to read. We can see that Health, Financials, Consumer Discretionary is leading the Dow Jones. We can see that XLE (Energy) has lagged from “Improving” to “Losing”. Weakening sectors in Dow Jones are Material, Technology and Industrials are the sector that we should not entering. This is just a guide. Do note that in the market anything will change. We have to look at the charts for any of the company to make any decisions.

Which is the Stocks in Dow Jones is performing and has strength?

 

I was going through the list and I think I should share in the blog. I can say that the Visa has been performing very well. It has increased by 24.5% and this is the kind of stock that we should be trading. Least performing stock is IBM. This kind of stock is meant to short for max game.

Overlook for FTSE, DAX, STI, Hang Seng, Nikkei, Dow Jones

FTSE – LONDON Financial Times 

FTSE is currently trading side-way between the range of 6650 and 6800. What I can see here from the candlestick is ACCUMULATION. It is testing resistance at 6800. It needs to gain strength before it can commence further on the uptrend. Scalper can sell at 6800 and buy at 6650 for day trading. There should not be any major correction coming instead you can expect a less than 5% retracement from the current price. We should see it breakout from 6800 soon.

DAX – GermanDAX Composite

DAX is a better market to trade than FTSE now. It is simply more bullish the doji shows that there is a fight between the bull and bear. The outcome is that the bull has the last win as it closed on the higher end of the wick. This shows that the low it closed the day before ( red candle) has been absorbed with the doji. Seems to be there are some secret buying behind. Buy if DAX break above 9980 range. Once broken that high we should see the uptrend resume.

STI – Straits Time Index

Well.. This Chart is showing consolidation side-way between 3280 and 3360. This is a bigger range than FTSE. It is simply more volatile than FTSE. Swing-trader has to be very caution on STI. If in any chance it reached 3280. It will be a good time to load some equities and hold it breakout from 3360. Accumulation in the progress. 

HSCEI – Hang Seng Index

HSI is the leader for Asia market. Although each individual market has its own movements but it still follows a little on the movement of the HSI. We can see that currently trading at the 200SMA. It is moving side-way range from 22,750 to 24,250. Swing traders can place the stop below 22,700. Accumulation in progress.

NKY – Tokyo Nikkei Average

In terms of Asia Market, I will say that Nikk is more bullish. I can see that there are more upside to this market. The recent morning star candlestick is probably due to SATO making speech. Thus Traders decided to secure the profit. Looking at the Marketwatch at 11.34am, 04Dec2014, I can confirm that the mark down of the market is for Smart Money to buy in more stocks at the current level. We should see it break out the 17,880 high. There should be good news coming from the speech.

INDU – Dow Jones Industrial Average

Dow Jones is the now very Bullish if to make any comparison with any other market in US. I attached the 2nd diagram for your viewing. You can see that the only market that move from IMPROVING to LEADING is only Dow Jones. Currently the market is trading side way from 17,600 to 17,920. This movement is basically accumulation. There is the down side pressure is very limited. There is not much down bar. Most of the bars ends with white bar and Doji. The volume is healthy and not extremely high. Thus there is no indication of any Smart Money offloading their holding. The upside should be coming in no time as “SANTA CLAUS is coming to town”. He has gifts for children who take part in this rally. Do not miss this rally.

Views on 03Dec2014

BABA - Alibaba

I made a call on ALIBABA yesterday. Did you follow it? This stock is currently range bound and will resume this for a while. This stock is likely to consolidate till MOMO IPO on the 12 DEC 2014. Do load up on this stock ranging 105-107. This stock will soar together with MOMO shares. Do remember this ALIBABA has stake on MOMO. The other stock that has invested in MOMO is also WUBA.

WUBA – 58.com

I love this stock the most. This stock is moving up. I can see a lot of buying for every dip. Absorption volume yesterday showed that there are buyer secretly buying at 45 -47 range. This is gaining strength to breakout the 49 price and will close the gap at 50-51. This stock is likely to test the high of 57.50. Especially with MOMO shares IPO in place, this stock is going to breakout in no time.

FB – Facebook

More Strength and more buying is needed for FB to move uptrend short-term. The need for the 10SMA and 30SMA is needed to persuade traders to buy in more. This stock have higher probability for the upside. We should see it test 80 soon.

AAPL - Apple

Anyone following this? Apple looks to have reversed yesterday. There is a white candle and this shows that the stock is likely to pause at that price. It is likely to test 120 soon. Volume shows that there are a lot of buying at 113 – 114 range. Punters can look to punt this stock. Target price is 119.

MU - Micron

This stock still remains strong. From the chart I can see that the recent dip has created more buying opportunity. Yesterday price action has indicated that it is likely to breakout above 36.22. Breakout Trader can look at this price and with good volume we should see new high and we may approach for 37 soon.

INTC - Intel

INTC is a better stock than MU. There is a lot of buying and it is inching up slowly. Despite the recently tech sell-down on 01 DEC 2014, we see little drop in this stock. We should see this breakout soon. Volume is high and we see strength in this stock.

NFLX - Netflix

This stock tested the low at 330-340 range and now it is going up. This stock is short-term bearish and we should see it rebound to 350-370 range. Any price around this area please add more shorts. We should see it going down further. We will definitely see it failure to hold to the previous low at 331.

AMZN - Amazon

I see this stock going higher. Yesterday price action has indicated that the selling may have finished. We should see it testing 340 soon. Today white candle will confirm if this stock will resume higer.

Dow Jones forecast for this week

Investors are shaken by the selloff yesterday. Is this the sign of reversal or is it a buying opportunity? 

Look at the Volume and the selling. It is high but look at the lower wick. There are buying. Today when the  market open, I know that is purely buying opportunity for Smart Money. There are still upside. Thus just keep buying till end of Dec.

BABA - Alibaba

Is this dying? is it going down?

Today is a buying opportunity. It is consolidating. Target price is around 112-115. As long as it end with white candle it has higher probability of going up. Watch. the breakout should be the issuance of IPO of MOMO on the 12 Dec 2014. This is in line with WUBA as well. 

GPRO - GoPro

The downside is likely to end anytime. The decrease of the stock is accompanied by the decreasing of volume. This is unusual. The stock has been consolidating sideway. Do try to accumulate this shares at 65-70 range where the risk is lower.

AAPL - Apple

Yesterday down is a big buying opportunity for the bull.However until I see this candle now, it is telling me that the stock is gathering more volume to break the 120 resistance. It does not have the strength. Thus I can see that Monday down create fear to retailer to let go the shares while Smart Money is now on the way for the upside.

WUBA - 58.com

This stock is likely to breakout soon. I can see Big buyer accumulating shares at 47 range. 

Do ride on this stock if you want to make money. Target price is 50-51 then  55.

FB - Facebook

Do put this on your watchlist. Once you see a big white bar and also 30SMA and 10SMA, then we will be in for start of uptrend. We should see this retesting 82 soon.

TWTR - Twitter

This is definitely not a stock to hold now. We are seeing more downside. Every rebound is a short for investor interested in shorting.. We should see it test 36. However I believe the buy should be 30-32.