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Contact Kara Crawford at kara@traderplanet.com for further details.en-ushttp://www.traderplanet.com/commentaries/view/134401-apple_due_for_profit_takinghttp://www.traderplanet.com/commentaries/view/134401-apple_due_for_profit_taking<p>Apple 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.</p> <p>Allowing for a 1% overshoot beyond the upper channel line at 488 -- which puts it into the 492-94 area -- my work argues that some profit-taking in AAPL is warranted "up here."</p> <p>A decline should press the stock towards 460.00.</p><a href='http://www.traderplanet.com/commentaries/view/134401-apple_due_for_profit_taking'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/744/?a=1072><img src=http://www.traderplanet.com/themes/trader_plain/gfx/firman.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comThu, 09 Feb 2012 18:02:50 +0000http://www.traderplanet.com/commentaries/view/134248-jack_s_wrap_for_02_08_2012_hanging_very_toughhttp://www.traderplanet.com/commentaries/view/134248-jack_s_wrap_for_02_08_2012_hanging_very_tough<p>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 cave in. The folks on the side lines that have missed a lot of this move are anxious to get in on any weakness, thus, the bears are having a rough time keeping things down. It'll happen at some point f...</p><a href='http://www.traderplanet.com/commentaries/view/134248-jack_s_wrap_for_02_08_2012_hanging_very_tough'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/744/?a=1072><img src=http://www.traderplanet.com/themes/trader_plain/gfx/firman.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comWed, 08 Feb 2012 22:38:21 +0000http://www.traderplanet.com/commentaries/view/134203-big_cap_tech_stocks_to_watchhttp://www.traderplanet.com/commentaries/view/134203-big_cap_tech_stocks_to_watch<p>Cisco reports earnings after today's close. With that in mind, let's have a look at the comparative patterns on some big-cap technology names.</p> <p>Intel is on a technical buy signal and will remain so unless it breaks 26.30 , but must break 24.97 to damage the chart structure. My next upside target is 27.50/80 and then 28.50.</p> <p>Cisco is on a technical buy signal and will remain so unless it breaks 19.61 , but must break 19.25 to damage the chart structure. My next upside target is 21.05/25 and then...</p><a href='http://www.traderplanet.com/commentaries/view/134203-big_cap_tech_stocks_to_watch'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comWed, 08 Feb 2012 18:46:35 +0000http://www.traderplanet.com/commentaries/view/133883-jack_s_wrap_for_02_06_2012_staying_overbought_larger_pullback_coming_soonhttp://www.traderplanet.com/commentaries/view/133883-jack_s_wrap_for_02_06_2012_staying_overbought_larger_pullback_coming_soon<p>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.<i> It will kick in, folks</i>. It's not<i> if</i>, 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, the market still works its way up higher in the days, and weeks, ahead before it gets a bit nasty to the downside. It's also important that the stocks go up some more, before the larger pullback kick...</p><a href='http://www.traderplanet.com/commentaries/view/133883-jack_s_wrap_for_02_06_2012_staying_overbought_larger_pullback_coming_soon'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/832/?a=1073><img src=http://www.traderplanet.com/themes/trader_plain/gfx/jobman.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comTue, 07 Feb 2012 01:15:31 +0000http://www.traderplanet.com/commentaries/view/133814-bullish_digestion_for_gold_eurohttp://www.traderplanet.com/commentaries/view/133814-bullish_digestion_for_gold_euro<p>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.</p> <p>Today's low at $1711.57 could be the conclusion of a pullback off of last Fridays high at $1763.71. A climb above $1730 is needed to trigger initial confirmation that $1711.57 ended the latest correction, and that a new ...</p><a href='http://www.traderplanet.com/commentaries/view/133814-bullish_digestion_for_gold_euro'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/834/?a=1070><img src=http://www.traderplanet.com/themes/trader_plain/gfx/wyckoff.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comMon, 06 Feb 2012 19:22:27 +0000http://www.traderplanet.com/commentaries/view/133585-jack_s_wrap_for_02_03_2012_more_than_interesting_breaking_outhttp://www.traderplanet.com/commentaries/view/133585-jack_s_wrap_for_02_03_2012_more_than_interesting_breaking_out<p>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 we received the made-up employment numbers from our Government. Nearly twice as many jobs created than was expected. Of course, they quietly leave out the number of folks who totally left the work for...</p><a href='http://www.traderplanet.com/commentaries/view/133585-jack_s_wrap_for_02_03_2012_more_than_interesting_breaking_out'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comSat, 04 Feb 2012 02:27:45 +0000http://www.traderplanet.com/commentaries/view/133529-veco_on_the_movehttp://www.traderplanet.com/commentaries/view/133529-veco_on_the_move<p>On Wednesday we noted to subscribers that VECO Instruments 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.</p> <p>Since then the stock has popped its head above these peaks, which should trigger powerful upside acceleration to 28.00 and then to 30.50. All of the action since mid-November has the right look of an impressive bottom pattern in the aftermath of a completed multi-m...</p><a href='http://www.traderplanet.com/commentaries/view/133529-veco_on_the_move'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/815/?a=1071><img src=http://www.traderplanet.com/themes/trader_plain/gfx/murphy.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comFri, 03 Feb 2012 18:50:17 +0000http://www.traderplanet.com/commentaries/view/133156-jack_s_wrap_for_02_01_2012_good_battle_at_s_amp_p_1325http://www.traderplanet.com/commentaries/view/133156-jack_s_wrap_for_02_01_2012_good_battle_at_s_amp_p_1325<p>The bulls are trying, but so are the bears. The bulls are doing their very best to move the market through S&amp;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 of work. There have been two attempts now to get through 1325, but both times we've had churn, not a run through, and beyond. That's the bears doing everything humanly possible to hold things down. The...</p><a href='http://www.traderplanet.com/commentaries/view/133156-jack_s_wrap_for_02_01_2012_good_battle_at_s_amp_p_1325'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/834/?a=1070><img src=http://www.traderplanet.com/themes/trader_plain/gfx/wyckoff.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comThu, 02 Feb 2012 00:24:18 +0000http://www.traderplanet.com/commentaries/view/133083-promising_technical_set_up_for_orclhttp://www.traderplanet.com/commentaries/view/133083-promising_technical_set_up_for_orcl<p>For nearly two weeks, Oracle 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.</p> <p>At this juncture, only a decline that breaks 28.00-27.95 will wreck the promising near-term technical set-up.</p><a href='http://www.traderplanet.com/commentaries/view/133083-promising_technical_set_up_for_orcl'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comWed, 01 Feb 2012 18:30:49 +0000http://www.traderplanet.com/commentaries/view/132880-recovery_period_for_kgchttp://www.traderplanet.com/commentaries/view/132880-recovery_period_for_kgc<p>My near- and intermediate-term work on Kinross Gold Corporation 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.</p> <p>The target for the first upmove is 12.50/60. As for the extreme near-term weakness off of last Thursday's rally high at 11.95 into today's low at 11.15 , my micro pattern work points to 11.10-11 to contain the weakness prior to a resump...</p><a href='http://www.traderplanet.com/commentaries/view/132880-recovery_period_for_kgc'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comTue, 31 Jan 2012 18:18:16 +0000http://www.traderplanet.com/commentaries/view/132711-jack_s_wrap_for_01_30_2012_a_necessary_healthy_pausehttp://www.traderplanet.com/commentaries/view/132711-jack_s_wrap_for_01_30_2012_a_necessary_healthy_pause<p>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 moving higher into overbought daily index charts, at some point you get a very nasty and unwelcome snap down. We started to get very close to that becoming a reality as the Nasdaq got to 75 RSI, while the ...</p><a href='http://www.traderplanet.com/commentaries/view/132711-jack_s_wrap_for_01_30_2012_a_necessary_healthy_pause'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/744/?a=1072><img src=http://www.traderplanet.com/themes/trader_plain/gfx/firman.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comTue, 31 Jan 2012 00:11:25 +0000http://www.traderplanet.com/commentaries/view/132644-gold_euro_rebound_off_lowshttp://www.traderplanet.com/commentaries/view/132644-gold_euro_rebound_off_lows<p>Today's weakness in the Euro/USD has held important support in the 1.3080/50 area, which represents a former 6-week upside breakout plateau.</p> <p>As long as EUR/USD respects the integrity of the support zone, the recovery rally off of 1.2620 will remain intact.</p> <p>As we speak, EUR/USD is rebounding off its intraday low at 1.3075 to 1.3135, which is providing a bit of a tailwind for spot gold prices.</p> <p>As for gold, the earlier weakness probed, but did not break, the prior pullback low at $1714.32. Spot ...</p><a href='http://www.traderplanet.com/commentaries/view/132644-gold_euro_rebound_off_lows'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comMon, 30 Jan 2012 18:31:27 +0000http://www.traderplanet.com/commentaries/view/132399-jack_s_wrap_for_01_27_2012_some_selling_off_overboughthttp://www.traderplanet.com/commentaries/view/132399-jack_s_wrap_for_01_27_2012_some_selling_off_overbought<p>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. Bulls look to buy up any weakness, and bears who are stuck short, look to buy back those short plays on any weakness. A nice move down today, but it wasn't selling across the board as the Nasdaq main...</p><a href='http://www.traderplanet.com/commentaries/view/132399-jack_s_wrap_for_01_27_2012_some_selling_off_overbought'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/744/?a=1072><img src=http://www.traderplanet.com/themes/trader_plain/gfx/firman.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comFri, 27 Jan 2012 23:15:26 +0000http://www.traderplanet.com/commentaries/view/132145-upmove_in_apkthttp://www.traderplanet.com/commentaries/view/132145-upmove_in_apkt<p>While the overall market waffles and appears a bit exhausted "up here," we continue to like Acme Packet . 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 a new bull-recovery period.</p> <p>This recovery appears destined for 40.00 and then 45.00-47.00 thereafter. Initial near-term support resides at 29.40/0, which if violated will call for a deeper retracement of t...</p><a href='http://www.traderplanet.com/commentaries/view/132145-upmove_in_apkt'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/815/?a=1071><img src=http://www.traderplanet.com/themes/trader_plain/gfx/murphy.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comThu, 26 Jan 2012 18:48:08 +0000http://www.traderplanet.com/commentaries/view/131776-jack_s_wrap_for_01_25_2012_fed_pulls_a_wow_moment_in_timehttp://www.traderplanet.com/commentaries/view/131776-jack_s_wrap_for_01_25_2012_fed_pulls_a_wow_moment_in_time<p>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 he said, interest rates will stay near zero through the end of 2014. At least!! He's hinting it could go far beyond that. What he, basically, did was to encourage people of this country to go buy adju...</p><a href='http://www.traderplanet.com/commentaries/view/131776-jack_s_wrap_for_01_25_2012_fed_pulls_a_wow_moment_in_time'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/834/?a=1070><img src=http://www.traderplanet.com/themes/trader_plain/gfx/wyckoff.gif border=0 /></a></p> AdviceTrade, TraderPlanet.comAdviceTrade, TraderPlanet.comWed, 25 Jan 2012 23:31:07 +0000