Friday, July 22, 2011

Some Stocks to Look at - Symantec (SYMC)

Symantec Forecast 7-22-11
I commence with my gratitude to The Creator

Symantec is making a pattern, and is at price level, which is bullish and entry long at these levels, is the least risky and with highest probability of profitable trade. Profit targets are in the range of $20.75 and $21.75.
Break below $18.70 cancels this bullish stance.

Financial Market Time Cycles Forecast 7-22-11

I commence with my gratitude to The Ultimate All Knower

Stock Markets around the world have rallied strongly, since my last forecast of 07-18. However, the rally is heading into the next time cycle due on Monday 07-25-11. Markets shall find a reason to pause, consolidate or experience some correction before leading higher once again.
Therefore, locking in your profits would be the prudent strategy.

Wednesday, July 20, 2011

The S&P-500 is Setting Up for a Breakout

The market had a strong performance on Tuesday with the Standard & Poor’s 500 Index perking up 1.6%. If you were following my forecasts, then you could have profited from this strong rally on 07/19/11.
Time Cycles alongside the technical indicators advocate a potential S&P rising up-to 1,444 (1,450 area) over the next few months.
US Stock Market long term Forecast
S&P chart 7-20-11
The stock market experienced deep correction selling in the first half of June, thereby generating a contrary buy indication that ultimately manifested in late June (on 06/16). The bearish anxieties are overstated. If the S&P can surpass the 1,355 highs (which it would soon), then we’ll have a blueprint of higher highs and higher lows, and that would set in motion the targets first 1,420 and then 1,440 area. However, a close below Monday’s lows at 1,295 would cancel out that bullish picture.
See the chart attached. These dots represent the resistance, namely 1,367, 1,385, 1,399-1,401, 1,417, 1,429, on its way up.

Pandora (Symbol:P) Forecast 7-20-11

P Analysis and Forecast 7-20-11
I begin with my gratitude to The Creator

Pandora Media Inc, symbol:P, has been working on certain pattern, which has been completed now. Therefore it creates a long trade, with least risk, and highest probability of profit. Risk:Reward 1:8

Stock Markets Update 7-20-11

QQQ daily chart 7-20-11 analysis
I begin with my gratitude to The Ultimate Knower

Stock markets had biggest gain of this year, at least for Dow Jones (202 points in one day).
Therefore, the next day after such a big rally, is usually shock absorption day and retails investors, locking in profits, thereby creating a pause. Which re-generates the buyers and cleans out the sellers, thus giving another run up to higher prices. QQQ came to touch all time high of this year and the last 10 years for that matter. Therefore, some sellers there, with sell stops to be triggered...... Market shall continue its rally!


Monday, July 18, 2011

Some Stocks to Look at - (a peek inside my trading room) - AAPL, IBM, VMW,SINA, PCLN

I commence with my gratitude to The Ultimate Knower

I have had the following stocks under my radar. I expect them to reach some of the corresponding targets by or before the first week of August. AAPL, $400 and then once it cross that hurdle, $421 area, IBM, $200, once it goes beyond that then $221 area, SINA, $128 and then $143, PCLN, $551, $563 and then $598 area VMW $105, $108 and then $112-$116 area. As a matter of fact, some of these stocks shall experience run away gaps up starting from 07/19/11 (with The Almighty's Willing)

Stock Matkets Update @ 9:21 PST

I commence with my gratitude to The Creator

Today is the market turn date. Market has reached to the price level, where a rally is imminent.

Stock Market Forecast Alert 7-18-11

I commence with my gratitude to The Ultimate Knower

Although we are right in the middle of time cycle for change in the trend, (to the upside), however, certain price level must not broken. Recent low made in the last week must not be violated on the hourly chart. Market must not close lower than the lows of the last week.
Time Cycle is  July 18th to July 21st, therefore there are 3 trading days, but it is highly likely that markets ought to turn now

Sunday, July 17, 2011

STock Markets Forecast 7-7-11 Follow Up

I commence with my gratitude to The Ultimate All-Knower

NYSE Composite Chart Analysis 7-15-11
S&P 500 Market Analysis 7-15-11
US Stock Market have been trying to go down for the last 3 trading days in the previous week ending on 07/15. But every time, it peeked lower, only to have reversed its course back up by the end of the day or the next day. In each pull back of last 4 trading days of last week, markets held above and were successfully holding the key support area plus of 21 and 50-MA averages and another time cycle discovery of mine, which is a strong determinant of the support and resistance in longer term. Moreover, it is happening within the orb of time cycle for change in trend in the financial markets.

I believe that markets have completed the required correction and/or pullback, to give them the steam to go higher. Therefore, Market shall go higher from now on. However, keep it in mind that whenever, markets go into a new territory, they tend to become volatile at first, to clear the last uncertain participants of the markets.