Category: Tech Stocks
The analysis published under this category are as follows.
Thursday, April 16, 2009
Nasdaq Q's Powerful Bullish Setup / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Yesterday's weakness in the PowerShares QQQ Trust (NASDAQ: QQQQ) filled the up-gap left behind on last Thursday at the 31.95 open, and then reversed to the upside into a strong close. This morning's early strength continued yesterday's late rally, which now appears to represent the start of a new upleg in the aftermath of a retest of last week's upside breakout from a multi-month bottom pattern. Let's watch the action in the Q's very closely now because based purely on the developing pattern, the bulls have a VERY POWERFUL technical set-up that could trigger a panic-like climb towards a test of the sharply declining 200 DMA, now at 34.76. In other words, a 5%-6% up-spike COULD be directly ahead, and likely will conclude the Mar.-Apr. upmove.Read full article... Read full article...
Tuesday, April 14, 2009
Nasdaq Q's Break Important Near-Term Support / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
The PowerShares QQQ Trust (NASDAQ: QQQQ) have violated important very near-term point and figure support at 32.60/50 this past hour, which has triggered some downside follow-through to an intraday low at 32.33, perhaps on the way towards a test of more important support along the Mar-Apr trendline, now at 32.00. A sustained break below 32.00 will be cause for concern for the bulls near-term.Read full article... Read full article...
Monday, April 13, 2009
How High Can Apple Go? / Companies / Tech Stocks
By: INO
In this short video, I will take a look at Apple, Inc (NYSE_AAPL). I have to admit I love Apple products. I have an iPhone, an iMac and an iPod touch and several other Mac add-ons.
Monday, March 30, 2009
Nasdaq Q's in Correction / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
As it turned out, last week the Q's (Nasdaq: QQQQ) failed to hurdle multi-month resistance at 31.40/70 and instead have embarked on a correction that so far has returned the price structure for a test of its rising 9-day AMA (now at 29.73). However, judging from the juxtaposition of the RSI and Slow Stochastics, we should expect the Q's to press lower into the 29.00 area prior to the next sustained upmove within its larger, base-like intermediate-term recovery period. Any intervening rally strength should be thwarted in the 30.20/40 area, after which the Q's likely will loop to the downside for a run at 29.00 to complete the correction off of Thursday high a 31.46.Read full article... Read full article...
Tuesday, March 24, 2009
IBM's Continued Path of Expansion / Companies / Tech Stocks
By: Oxbury_Research
On Wednesday, shareholders of Sun Microsystems (Nasdaq: JAVA) saw their investment surge more than 75% as reports surfaced that the company is in talks to potentially be acquired by International Business Machines (NYSE: IBM). Shares of IBM moved up 2.8% on the news. Read full article... Read full article...
Tuesday, March 10, 2009
Tech Stocks SMH ETF Expected to Soar / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
The enclosed chart shows the ratio of the Semiconductor HLDRs (AMEX: SMH) and the S&P 500 Depository Receipts (AMEX: SPY) for the past nine years. We noted this chart for our subscribers 10 days ago to illustrate how the SMH has begun to strengthen vis-a-vis the SPY in the last 3 months after falling substantially in relation to the SPY's price (from 68% to 18.4%) between 2000 and 2008. This indicates the beginning of a big resurgence of technology relative to the overall market, and that when the stock market actually reverses direction, technology should take a leadership role. Read full article... Read full article...
Monday, March 09, 2009
More Room to Climb for Nasdaq Q's? / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Either the rally off of Friday's low at 25.71 to this morning's high at 26.80 in the PowerShares QQQ Trust (Nasdaq: QQQQ) is another run-of-the-mill failed recovery bounce or it is a deceptive start of a potent rally period that has considerably more room to climb.Read full article... Read full article...
Saturday, February 28, 2009
Long the Semi-conductor Stocks SMH ETF / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Interesting day on Friday. When the dust settled, the Dow and the SPX were
on their lows, while the NDX showed relative resillience. Meanwhile, the
news was horrendous again, but there was no classic, acute flight-to-safety
trade...into bonds or gold or the dollar...that we have become accustomed to
seeing since last September.
Read full article... Read full article...
Thursday, February 26, 2009
Bullish Pattern for Semiconductors SMH ETF / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
All of the action from October 2009 to the present represents a developing large base pattern prior to a potent upmove, or it represents a sideways congestion period ahead of another major downleg within the dominant bear trend. That said, however, my near-term work indicates that regardless of the outcome of the sideways pattern, the Semiconductor HLDRs ETF (NYSE: SMH) should be in the midst of a loop up to 18.00 and possibly 18.60 in any case. At this juncture, from a big picture perspective, only a smash beneath the 2/24 low at 15.82 will invalidate the current rally scenario.Read full article... Read full article...
Wednesday, February 25, 2009
Nasdaq Q's Recovery Rally Incomplete / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
My near-term work in the PowerShares QQQ Trust (NASDAQ: QQQQ) argues that the recovery rally that started at Monday's low of 27.73 and which extended yesterday to a high at 28.98 is only partially complete. After the current "intervening" pullback runs its course, the Q's should pivot to the upside for a test of yesterday's high -- on the way to 29.10/30 thereafter. Only a plunge that breaks and sustains beneath Monday's low at 27.73 will wreck my near-term scenario.Read full article... Read full article...
Tuesday, February 17, 2009
Unfinished Business on the Downside for Nasdaq Q's / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
We review the daily chart of the PowerShares QQQ Trust (Nasdaq: QQQQ) that goes back to the all-time high at 55.07 hit on 10/31/07. The price pattern, the RSI momentum configuration, and the volume levels ALL suggest strongly that the Q's have unfinished business on the downside. Read full article... Read full article...
Friday, January 30, 2009
Upmove Expected in Nasdaq Q's / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Looking at the hourly chart on the Q's (NASDAQ: QQQQ), my near term pattern work argues strongly that the decline from Wednesday's rally high at 30.65 ended this morning at 29.19, and that in the upcoming hours the Q's will carve out a minor base area ahead of another upmove that should revisit 30.00/20, and then possibly 31.25/50 prior to completion.Read full article... Read full article...
Wednesday, January 28, 2009
Nasdaq Q's Continue to Act Well / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
The Q's (NASDAQ: QQQQ) continue to act well and are right at their highs for today's thrust from a two-week base pattern. My next near-term target is 30.20/50, the lower portion of which already has been met. My higher target of 30.80 to 31.25 coincides with confrontation with the Nov-Jan resistance line, now at 30.80. The resistance line at 30.80 up to 31.25 should put a lid on any "euphoric" reaction to the FOMC statement released at 2:15 pm ET. Conversely, at this juncture only a decline that breaks 29.70 will begin to compromise the still-constructive near-term pattern in the Qs.Read full article... Read full article...
Monday, January 12, 2009
Nasdaq Q's Approaching Key Downside Targets / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
The Q's (NASDAQ: QQQQ) are approaching key near-term swing targets off of the Jan 6 rally peak at 31.63, the first of which is 29.35/30, which if violated will point to a press towards more important support at 28.80/70. My Oct-Jan pattern work argues that in either case (mentioned above), the larger pattern indicates that we should be expecting another upmove from 29.35/30 or 28.80/70. Having said that, however, my strategy for the Q's if I was short would be to cover "down here," but not to go long until we have signals to do so.Read full article... Read full article...
Friday, January 09, 2009
Nasdaq Q's in Meaningful Correction / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Purely from a pattern perspective, my work argues that there should be little doubt that the Q's (Nasdaq: QQQQ) are in the midst of a meaningful correction of the upmove from the 12/29 low at 28.47 to the 1/06 high at 31.63. Today's downside breach of yest.'s intraday low at 30.08 coupled with the form of the decline from this AM's pre-market rally high at 30.90 indicates strongly that the Q's have ended a... secondary downleg off of the 1/06 high (31.63), which should press prices towards a test of key support along the Nov.-Jan. trendline, now at 29.65.Read full article... Read full article...
Wednesday, January 07, 2009
Anticipating Nasdaq Afternoon Nose Dive / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
Based on my near-term pattern work, my preferred scenario calls for upside backing and filling in the Q's (NASDAQ: QQQQ) for the next 1-3 hours, followed by another swoon that breaks the low for the day (30.47) on the way to my optimal corrective target of 30.00. If such a scenario unfolds, I will be evaluating the pattern and the underlying momentum gauges for a possible short position, also weighing whether there's a reasonable amount of time remaining in today's session to take the trade.Read full article... Read full article...
Wednesday, December 10, 2008
Nasdaq Q's Coil Pattern Not Necessarily Bullish / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
It should come as no surprise that the Q's (NASDAQ: QQQQ) have been carving out a coil pattern off of Monday's high at 30.46. Normally, a coil at the top of a potent upmove should be considered bullish, and should resolve to the upside -- in this case in a thrust to new recovery highs projected into the 31.25 area. Normally?Read full article... Read full article...
Tuesday, November 25, 2008
Stock Market Rally Impressive Resiliency / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
One thing is for sure: the major equity market ETFs in general, and the Q's (Nasdaq: QQQQ) in particular, all have exhibited some impressive resiliency today -- in the aftermath of 13-14% upmoves since last Friday's low. As to whether or not the pullback from 28.80 to 27.52 in and of itself represents a completed minor correction, I really don't know just yet. A climb that sustains above 28.30 ahead of the closing bell will argue that the Q's in fact have started a new upleg. Conversely, inability to hurdle 28.30 will leave open the likelihood of another loop to the downside that retests and possibly breaks today's intraday low at 27.52 prior to my expectation of another upleg.Read full article... Read full article...
Friday, November 21, 2008
Upside Reversal Nearing for Nasdaq Q's / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
With two hours remaining in today's session, I can make a case that this morning's low at 25.21 in the Q's ended the decline from the Election Day high at 33.96. To trigger initial confirmations that such a low is in place, the Q's will have to climb and sustain above 26.65. However, with option expiration approaching during today's final hour, yet another spike to the downside would not surprise me -- that presses the Q's to my optimal target zone of 25.00-24.70 prior to my expectation of a wicked upside reversal.Read full article... Read full article...
Thursday, November 20, 2008
Nasdaq Q's Downleg Near Completion / Stock-Markets / Tech Stocks
By: Mike_Paulenoff
My pattern and momentum work in the Q's (Nasdaq: QQQQ) argue that the downleg from the June 2008 recovery rally peak at 50.61 is at or is very near completion ahead of a potent recovery rally period that should propel the Q's into the 33.00-34.00 target zone. Can we loop down and retest this morning's low at 26.00 -- and possibly make new lows? Definitely, but relatively marginal new lows should be short-lived prior to a vicious snapback rally period. (12:45pm EST, 27.21).Read full article... Read full article...