Recent AdviceTrade's Commentaries
Apple Due for Profit-Taking
Apple (AAPL) has rocketed into a French Curve upside vertical assault right to its upper channel zone between 480.00 and 488.00, which should put a lid on the current up-leg from the Jan 24 low at 419.00. Allowing for a 1% overshoot beyond the upper channel line at 488 -- which puts it into the 4...
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Tags: aapl
Jack's Wrap for 02/08/2012 - Hanging Very...
You have to hand it to the bulls as they just refuse to give up the gains in this market. For now, anyway. You have to wonder how long they can hold things up this well into very overbought conditions on the daily index charts. The market tried a few times to sell things down, but it refused to c...
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Big Cap Tech Stocks to Watch
Cisco (CSCO) reports earnings after today's close. With that in mind, let's have a look at the comparative patterns (and my intermediate-term analytics) on some big-cap technology names. Intel (INTC) is on a technical buy signal (since Jan 4) and will remain so unless it breaks 26.30 (1st warning...
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Tags: csco | orcl | msft | intc | stocks
Jack's Wrap for 02/06/2012 - Staying...
But that doesn't mean we won't wiggle our way up a few more percent in this market before the bigger selling kicks in. It will kick in, folks. It's not if, but when. The selling will be extremely healthy, and it's very necessary, but since we're still in the buy-all-pullbacks phase of this rally,...
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Tags: stocks
Bullish Digestion for Gold, Euro
Spot gold continues to respect the integrity of its up-slanted channel off of the Dec 29 corrective low at $1522.48. As long as the lower channel support line remains intact in the vicinity of $1700, the uptrend channel will continue to dictate the directional action of gold. Today's low at $171...
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Tags: gld
Jack's Wrap for 02/03/2012 - More Than...
If we look at the daily charts, or the weekly charts, or, for that matter, the monthly charts, then we can see we're on breakout. It's not gangbusters, but it's a breakout, and it happened into very overbought conditions, which speaks to the strength of this stock market. It all took place after ...
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Tags: stocks
VECO on the Move
On Wednesday we noted to subscribers that VECO Instruments (VECO) appeared to have completed a pullback when it hit its January 27 low of 23.75 and to watch for a sustained climb above its prior significant rally peaks at 26.57 and 26.40. Since then the stock has popped its head above these peaks...
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Tags: veco | stocks
Jack's Wrap for 02/01/2012 - Good Battle At...
The bulls are trying, but so are the bears. The bulls are doing their very best to move the market through S&P 500 1325. The bears are drawing the line in the sand with one intense fight. They are telling the bulls that, although things are moving upward, getting through 1325 will require a lot o...
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Tags: stocks
Promising Technical Set-Up for ORCL
For nearly two weeks, Oracle (ORCL) has been consolidating its post-earnings gains from 24.91 to 28.95, which has taken the form of a high-level bullish coil pattern that should be preparing to thrust to the upside towards a next optimal target zone of 29.40/60. At this juncture, only a decline t...
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Tags: orcl | stocks
Recovery Period for KGC
My near- and intermediate-term work on Kinross Gold Corporation (KGC) indicates strongly that a significant low was established at 9.96 on Jan 19 and that the upmove to 11.95 on Jan 26 represents the initiation of an intermediate-term recovery and/or bullish period. The target for the first upmov...
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Tags: kgc | stocks
Jack's Wrap for 01/30/2012 - A Necessary,...
There comes a time when it's best for everyone who is bullish to step back and take it easy for a while. It's never great to have markets only going in one direction, even if the move is on small candlesticks. It's best to let the momentum that built up too fast take a breather. If you keep movin...
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Tags: stocks
Gold, Euro Rebound Off Lows
Today's weakness in the Euro/USD (so far) has held important support in the 1.3080/50 area, which represents a former 6-week upside breakout plateau. As long as EUR/USD respects the integrity of the support zone, the recovery rally off of 1.2620 (Jan 15) will remain intact. As we speak, EUR/USD i...
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Tags: gld | forex | etfs
Jack's Wrap for 01/27/2012 - Some Selling...
Nothing terrible, and it may not be too much more, although more would be a good thing for this market so as to unwind things more deeply on the daily charts. When markets start behaving more bullish, it doesn't just fall apart from overbought. It's a slow process to unwind things back down some....
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Tags: nyse-gld | nyse-slv | nyse-gs | nyse-bac | nyse-jpm | stocks
Upmove in APKT
While the overall market waffles and appears a bit exhausted "up here," we continue to like Acme Packet (APKT). Both my near- and intermediate-term work argue that APKT ended a major bear phase at its Jan 4 low at 25.20 and that the upmove to Tuesday's high at 31.78 represents the first up-leg of...
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Tags: apkt | stocks
Jack's Wrap for 01/25/2012 - Fed Pulls A WOW...
There is no other way to say it, folks. He did something today that is truly historic, and will be talked about for a long time to come. He had initially made it such that interest rates would be near zero through mid-2013. Today, he wowed us with an extension of no less than eighteen months, as ...
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