Posted by Jim Makos on January 25, 2012 ·
Polycom’s stock surged yesterday gaining 13 percent on the market’s close proving my 40-days old PLCM stock pick correct! Back then I had applied basic technical analysis on the monthly chart and decided to risk going long PLCM, setting a stop loss right below the last price level the stock price found support. I had also mentioned that I would trade 70% of the position out at $22 but given the [...]
Posted by Jim Makos on January 10, 2012 ·
Netflix stock provided the necessary volatility required in day trading yesterday, as the NASDAQ stock gained 15% during regular trading session. NFLX stock opened with a gap since last day’s close but in less than an hour that gap had filled, while the market reacted in the first minutes of trading pushing the stock’s price down to $87.25. Yet, Netflix would quickly see their shares resume the [...]
Posted by Jim Makos on January 2, 2012 ·
The 2012 holiday calendar showing all stock market holidays of this year has been made available at Interactive Brokers website. Traders may keep the PDF files in their computers or install the application in their mobile devices to keep track of not only NYSE holidays but Europe and Asia-Pasific holidays as well. A holiday calendar can help traders prepare their trading schedule or plan for spending [...]
Posted by Jim Makos on December 12, 2011 ·
Does Zone Alarm ring a bell? It is a security product by Check Point Software Technologies Ltd (NASDAQ:CHKP) which has been used by almost all computer users. I remember myself installing Zone Alarm Firewall quite a few times in my 80386 and Pentium machines back in the 90’s. Perhaps that is reason behind the impressive uptrend of CHKP stock in 2000! Fast forward to 2011 CHKP is one of this week’s [...]
Posted by Jim Makos on December 6, 2011 ·
I added Comstock Resources (NYSE:CRK) in my stock trading watch list today. The NYSE stock is trading at 16.80 dollar per share after testing the support level at $14. Technical analysis says that a previous resistance level can act as a support level in the future and that is the case at monthly CRK stock chart. The stock price bounced off a level that used to be a resistance level back in 2000 and [...]
Posted by Jenifer Dempsey on December 2, 2011 ·
US markets open to strong gains on Friday morning as the news of growth in the US labor market and the fall of the unemployment level to its lowest point in over two years gave investors a reason to be hopeful that the United States economic recovery is indeed underway. November saw an increase of 120,000 in Non-farm payrolls, while the unemployment rate fell to 8.6%, its lowest level since 2009. [...]
Posted by Jim Makos on December 2, 2011 ·
One of the stock picks I tipped yesterday gapped up and gained 13.30%! I thought of traders wondering how to trade Assured Guaranty Ltd (NYSE:AGO) stock when shares gained 1 dollar right on the market’s open! It’s easier to trade a stock that is trading at the support level than when the stock gaps up, since the stop loss needs to be adjusted in order to manage your capital more efficient. Most [...]
Posted by Jenifer Dempsey on December 1, 2011 ·
It seems highly improbable considering the dismal headlines lately that anyone would be investing in the US housing industry. Home prices are currently a third lower from their peak in 2006, and home ownership has also fallen to new lows. There has been new life, however, in residential construction stocks which have risen by 6.5% in the past three months, versus the 1.9% gain for the S&P 500 [...]
Posted by Jim Makos on December 1, 2011 ·
Five US stocks to watch from consumer, technology, healthcare and energy sector of the US stock market were left since I posted recommended US stocks for position trading. While the stock watch list included 4 stocks of the financial sector, technical analysis at 5 other stock charts suggests position trading might become profitable in the long run. Most of these stocks experienced double-digit gains [...]
Posted by Jim Makos on December 1, 2011 ·
Nine US stock charts incline towards a long term uptrend suited for traders into position trading. These stocks come from finance, technology, healthcare and consumer sectors and have all been pointed out in my Ninja Trader market analyzer screen via the custom indicator we discussed a couple of days ago. According to the indicator though more than 30 stocks formed a bullish candlestick pattern after [...]
Posted by Jenifer Dempsey on December 1, 2011 ·
Stocks in the United Stated were rallying on Wednesday, with the Dow Jones Industrial Average up by over 400 points in mid-day trading, to close an astounding 490 points higher, or over 4%. The rally occurred following the announcement from some of the world’s central banks that they would take measures to boost the world economy. The US Federal Reserve stated that along with the United States, [...]
Posted by Jenifer Dempsey on November 28, 2011 ·
Dividend paying companies are in vogue again, with many investors turning to this traditional way of profiting from a security from dividend payments as well as increasing share prices. For many corporations, dividends have never ceased to be a way to pay back profits to its shareholders, while others are turning to dividend payments and dividend increases to lure investors and put a floor on share [...]
Posted by Jenifer Dempsey on November 24, 2011 ·
Following a difficult year in the stock market, investors are hoping for a little holiday cheer this year in the form of a December rally. Market timers like to refer to this late season upside trend as the Santa Rally, and this year, investors are looking for this rally to end a highly tumultuous year on a positive note. There are several theories as to why markets tend to rise in December one being [...]
Posted by Jenifer Dempsey on November 23, 2011 ·
In a challenging market environment such as the one that has been seen recently, it is important to look to tried and true investing strategies have been working for investors. A prime example of an opportunity-rich area is in the energy sector, where United States has seen a boom in oil and gas production. There has been a lot of activity in the oil-rich regions of the United States such as Texas’ [...]
Posted by Jenifer Dempsey on November 22, 2011 ·
In the United States, Black Friday tends to be a holiday onto itself. Black Friday is the name given to the Friday after Thanksgiving and marks the kick off to the holiday shopping season. This shopping day is often the largest, most profitable shopping day of the year for many retailers. In the US, consumers often camp-out in front of stores for hours, and sometimes days in order to take advantage [...]