April 22, 2008

The stocks in today's report:

The stocks included in this report were selected based on unique circumstances including recent news, breakouts, earnings or correlated Market analysis.  The summary analysis below were derived from real time trading reports provided by Stock Traders Daily.

Amazon (AMZN) AMZN has been trading within a defined mid term channel for a few months and it now appears poised to turn lower after a test of resistance, if mid term resistance holds.  Most recently AMZN tested mid term resistance, and unless mid term resistance breaks higher AMZN is likely to decline to mid term levels of support again within its established mid term channel.  We have defined resistance as mid term parameter #3 in our real time trading report; support is defined as mid term parameter #1.  Review resistance first when you read our report.  If mid term parameter #3 holds expect a decline to mid term parameter #1, and then expect this oscillation pattern to repeat as the stock turns higher from support to resistance again.  This could develop into an excellent trading channel, back and forth, from resistance to support and back again, if the stock declines from here.  However, if mid term parameter #3 breaks higher instead expect a surge towards longer term parameter #3 instead.  Mid term resistance is clearly an inflection level for AMZN at this time: AMZN Report

Apple (AAPL) AAPL has reversed above longer term intra channel resistance, and this is a bullish sign; resistance has now been converted into support.  So long as AAPL remains over this converted level of support the stock is poised to trend higher and test longer term resistance levels again.  Converted longer term support levels were an important trend indicator accordingly.  We have defined converted support as longer term parameter #2 in our real time trading report for AAPL.  If it holds expect the stock to oscillate higher and test longer term parameter #3 over time. In addition, and important to immediate trend, an catalyst exists based on the mid term charts, as they relate to the longer term progression of the stock.  Specifically, AAPL is flirting with test of mid term resistance at this time too.  If this level of resistance holds expect AAPl to decline back to longer term parameter #2.  We have defined mid term resistance as mid term parameter #3, so if mid term parameter #3 holds expect a decline back to longer term parameter #2.  However, if mid term parameter #3 breaks higher instead expect a surge towards longer term parameter #3 instead.  Details can be found here: AAPL Report

F5 Networks (FFIV) The recent downturn in the Market has been much more troubling to shareholders of stocks like FFIV than it has to their large cap counterparts.  FFIV has been crushed since October.  Now, wanting shareholders are hoping that earnings will turn shares of FFIV around, just like earnings reports have done to some of the other stocks out there.  Hopeful as we may like to be, in order to be prudent we need technical analysis to support our trading decisions.  Right now, technical analysis tells us that the upside is limited.  FFIV may indeed trend higher and test a level of resistance before continuing lower, but the chart pattern of FFIV tells us to expect a decline to longer term support levels eventually, so long as resistance levels hold.  Unless resistance breaks higher, FFIV is poised to fall.  Immediately, the stock may increase and test resistance, but that test should be treated as a test of inflection as well.  We have defined this as longer term parameter #3 in our real time trading report for FFIV.  If this resistance level is tested and if it holds expect a decline to longer term support; we have defined this as longer term parameter #1 in our report.  That decline would be significant.  Only if FFIV breaks above longer term parameter #3 will a buy signal present itself again. Make sure you know where this important inflection parameter exists by reading our report now; avoid buying unless it breaks higher. FFIV Report

Qualcomm (QCOM) According to our objective analysis QCOM has room to move higher as it makes its way towards longer term resistance again after having moost recently tested support.  The stock has been in a solid neutral trading channel for some time, so we would expect resistance to hold after it is tested too.  We have defined resistance as longer term parameter #3 as defined in our report.  If this resistance levels holds expect a decline to longer term parameter #1 in accordance with the trading channel we have defined.  However, if longer term parameter #3 breaks higher, QCOM could break out.  The most likely scenario is for QCOM to hold resistance, but longer term parameter #3 will act as our catalyst regardless.  Click here to read the repoort: QCOM Report

Good Trading

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