Ape

Ape

As the S&P inches to its' upward trednline, and the continued sell off in oil, the risk is extremely high for traders to the upside in the S&P. I'll be waiting for the market to come back down to its trendline before initiating my longs for the new year.

Ape

Oil has not seen this kind of sharp decline since 2008 when oil plummeted from its' all time highs to less then 35 a barrel . With the dollar continuing its' historical run up, there does not appear to be an end in site for this decline in oil. I would not even think about going long oil until we see a solid 2-3 months worth of consolidation to form some kind of...

Ape

My approach was simple, be patient and do not get greedy. I used nothing more then a candlestick chart, volume, and trend lines to formulate my plan. The weekly chart was my big overall picture, I would then repeat the process on daily and hourly charts. I would wait for the opportunity for when the market would come down to its trendline, and buy when the...

Ape

If you have been on the fence about buying gold perhaps this idea will help. I present a weekly chart with the possibility of gold in this descending triangle formation with a strong chance of completing in the near future. This position would target the 125 area by the end of this year with the possibility of breaking out and targeting 150 by mid-late 2015. ...

Ape

Momentum to the upside has slowed down the past two days. The good news is volume has very light to the downside when compared to the latest volume to the upside. After now hitting the .618 retrace, the correction may be over but we would need to see a pick up in volume and a new high to confirm the continuation of the uptrend. 7.68 is the short term support for now.

Ape

Continuing coverage of ACRX this week, we saw ACRX pullback with the market as a whole early this morning. ACRX broke right through support at the .236 retrace, but found support at yesterdays congested zone at the .382 retrace. Uptrend remains in place. $9 remains 1st target. Stop now at 7.70.

Ape

ACRX traded for an 8.5% gain today. With above volume for the day, and a strong close we can see momentum carry through into tomorrow. Look for price to hold above 7.90 to continue its' run to $9.

Ape

Posted a chart on ACRX earlier in the day as a possible short squeeze. ACRX rallied 4% since the posting. Please refer to my earlier chart for analysis.

Ape

After getting hammered in July from the FDA delaying approval on its' latest drug for pain relief, Bears have been piling on making an incredible 20% of the float short. Recent buy ratings from analysts could be the catalyst to get a short squeeze going to begin filling the gap left from the huge 40%+ drop in July. If momentum can carry the stock past 8, then 9...

Ape

With earnings right around the corner in July, SWKS has continued its' impressive run up. I have been following the stock closely since May when I entered at 43 with August calls. After hitting my first target of $48 and seeing my options more then double, I have taken half off and am allowing the rest to ride into earnings. SWKS continues to flex its' muscle and...

Ape

A lot of people want a correction. Picture says a 1000 words

Ape

With SWKS running from 40 to 47 in less than a month, it is finally taking a breather. Price is currently consolidating just under the 47 mark. If SWKS can close above $47, it will trigger a buy signal for the next run up to $50.

Ape

Pressing the highs.

Ape

After making a $10 run from its' April low, FB formed a flagging consolidation pattern. Today FB has broken above that consolidation pattern with conviction to start its' next run up. Look for FB to test resistance at the 67-68 area. If that doesn't hold then FB can easily test its' ATH

Ape

Fundamentally, ENH is wildly undervalued. The company is in the bottom 20% of the financial sectors' valuation metrics. P/E- 8.13 Price/Book- .78 Price/Cash flow- 5.75 Price/Sales- 1.08 How I would play this stock: I would buy for maximum value by initiating a position at $51 and setting a stop at just below $50. I would add to the position when it closes at...

Ape

I love stocks with low risk and high reward. Who doesn't? NE is just that. After consolidating at its' 4 year support line, and breaking out of what can be looked at as a diamond bottom, I believe this company can easily rise 30% from its' current price. NE is a fundamentally sound company with Net income and Revenue rising YoY since 2011. Its' first quarter net...

Ape

With the energy sector seeing a strong bull run there have been some companies that have risen with the tide so to speak. SGY is one of those companies. While YoY revenue has increased since 2011, net income has been decreasing. This can be attributed to the companies' increasing debt levels which has caused SGY to have its' liabilities increase since 2011. The...

Ape

SWKS is on fire. Recent earnings revisions, and analyst upgrades has provided the catalyst for Skyworks to make its' next leg higher. May 29 marked its' highest 52 week close since the earnings release made in April. This cash rich company has an amazing Quick and Current ratio of 5.76 and 6.94 respectively, and no debt. Short term price target is set at 50.00,...