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Strength

Solar sector catches some upside momentumSince the beginning of March this solar ETF entered into bear channel and was laggard sector vs broad market as investors were buying major cap, high dividend stocks. Nevertheless, it is just 38% pullback from big move from $15.00. Now, it builts higher highs and higher lows - strength of buyers. Yesterday, it closed near highs and broke previous dwing high at $42. So, it could be our point of potential support, then we have 8/21 EMA $40.60-$41.20 respectively. Previous low at $39.09. Target #1 $44.30ish. Some stocks from this sector that are showing strength: $FLSR, $SCTY, $SPWR, $TSL.
AMEX:TANLong
by andrew.berg
ITNC gap up on upside guidanceIntel set new 5 years after it announced its sales would be better than it had anticipated earlier in the year. Intel’s news is almost certainly good for Microsoft (NASDAQ: MSFT) and Hewlett-Packard (NYSE: HPQ) since Intel is the leading maker of chips for PC’s. The PC market has been so mature that most analysts assumed that Intel’s future would be relatively weak. As PC sales have begun to fall worldwide, tablet and smartphone sales have risen sharply. Any improvement in PC sales will help Microsoft, which is the major provider of PC operating systems, and Hewlett Packard, the leader in PC sales. Technical Analysis: Now, we have gap low at $29.56 which should act like support and high at $30.06. I think it needs couple of days of rest, investors and traders need time to absorb this big movement Check my previous idea in the link below:
NASDAQ:INTCLong
by andrew.berg
Gold dip accumulation After 2-months range was resolved to downside, Gold was sold off aggressively from $1,300 to $1,240 where it found support. With wide, ignited, green candle 3-days consolidations resistance at $1,248 was broken and now gold is showing some commitment and building nice upper-level base in front of local resistance at $1,257.5. Break above could attract more dip buyers with next target at $1,268 where 21 EMA lies on daily chart. Also, we have intermidiate support at $1,252 whick was pierced for a while on noise (news) but buyers regained control really quickly.
FX:XAUUSDLong
by andrew.berg
MSFT breakout of wedgeNice, strong breakout in Microsoft today. Intraday entry was at $40.50. You can trim&trail some in front of resistance if you manage this on daily basis and for investors nothing to worry about. New pivot resistance at $40.97, above that could trigger another entry/add. Next resistance at $41.30 then we have highs at $41.60. --------------------------------------------------------------------------------------------------------- Acting well after it bounced off of support at $39. (Check my idea in the link below)
NASDAQ:MSFTLong
by andrew.berg
LNKD showed relative strengthYeasterday US markets closed in red with QQQ -0.8%, SPY -0.9% and DIA -0.94%. But this social network reversed from lows and closed near highs. I think we are close to resolution of this wide range with upside bias because of that strength. Now we have higher low @ $143.45 and important intermidiate support @ $145 that was retested intraday. Another action point is previous high of the day @ $149.50. If it will go above and hold we can see $153.34
LLong
by andrew.berg
1
NOW get long nowStock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal. Yeasterday it went through lows but managed to get back and closed on highs. Showed us relative strength vs broad market (SPY, DIA and QQQ showed some breakout failure signals and closed around 1% down) Despite it is below all key moving averages I have thoughts that money can rotate into underperforming stocks as many sectors are extended and markets are nervous so it is difficult to buy them. Trade Plan: Enter: now @ $47.82 or wait for additional confirmation brak up through consolidation resistance @ $49 Stop: below low of the day where sellers failed to hold below $46 then we have support from $44 to $45 Target: $53 swing high where 200 MA lies then we have $55
NYSE:NOWLong
by andrew.berg