StockSHAKERS

The market is waiting for an event, what event it is waiting for is a guess at best. Most of the indexes are sitting here very boring and waiting for the employment numbers. Gold may take off if they are bad. Oil is taking a breather but still in an uptrend moboing up to 84.

US Dollar lower lows. When the dollar creates the chart pattern it is setting up for here it typically bounces, Which also general signals market selling.

The Euro may rally at that point as well.

Chemicals are doing well right now DD is in a mobo pattern up.

KWR,WHX, MVO, MU, RIMM, AIG, KFT, CROX, & CB look interesting here

OIL $84.00+ is the next upside target. Support is $79.20. Crude Oil 82.28 +0.08 +0.10%

LVS & WYNN & ISLE for a 10% Move if it can breakout here based on the gambling in Macau http://online.wsj.com/article/SB10001424052748703545604575406520634752494.html?mod=googlenews_wsj

These guys may sell off for a moment but watch for them to reverse back to the upside.

Top Industries

Industry Rank as per Zacks

Rank Industry

1 AUTO -DOMESTIC (2) F & PCAR

1 ELECT CONSTUCTION (1) HUB.B

3 OIL-US RYLTY TR (2) WHX & MVO

3 SEMI-PRO LOGIC DEV(2) XLNX & ALTR

5 SEMI-MEMORY (3) SNDK & MU & STEC

Gapping up right now AGO,CROX,HANS,PKI,RMBS (Rumors of a potential takeover brewing)

buying CSCO below $25 — The game changer in the i-Pad space may be The Cisco Cius

Tags: Stockshakers Market outlook 080610

14Jul

Stockshakers are trading and making money in this market — DGIT, OREX, CRUS

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Stockshakers have been making money trading DGIT for the last year and the return on just the equity has been 91%.

Factor in the option trades during the ebb and flow of the market cycles and the gains really take your breath away.
Currently the trades have been long trades.
CRUS has been a star for us as well.
OREX has been up 42% for us since 07/07/10 up 11% on Wednesday alone.

The low volume market grind we are seeing now is typical of a market building up momentum to try to challenge the resistance and break back to the upside.
This time last year the markets gathered up a head of steam that may have been fueled by short covering however we did rally and we may be setting the table for the next leg up.

Keep some powder dry as this is earnings season and there are more reasons for the market to cut the legs from under any momentum at any minute.
We are still seeking the catalyst that can propel the market out of the current trading range.
BP has capped the spill…gee took longer than enough!

Where is the Motivation for the market to rally and money to flow in here?

Tags: CRUS, DGIT, OREX

30Jun

Market outlook 06/30/10 (Outlook for Thursday 07/01/10) Hold on tight we may be in for a little turbulence

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The market started to bounce early today, giving hope that the 1040 level would hold on the S&P 500. However, it rolled over again late in the day and barreled through a key swing point. Confirming the head-and-shoulders reversal pattern.
panic may set in tomorrow, one must keep this latest market correction in perspective. Typically, you see at least a 38.2% retracement of the initial move off a major bottom like the one in March of 2009. Often, there is a 50% retracement or more. And we are just now getting close to a natural 38.2% retracement. Which also happens to correspond with a support level around 1010.
The S&P 500 current daily chart pattern is a classic textboox head n shoulders reversal starting in Nov. 2009.
A 50% retracement would take the S&P 500 to around 950, which also corresponds to another line of horizontal support. This is also a full 1 to 1 projection of the initial move down from the market top in April. So we are looking at a market that will at least reach 1010 and there is a good chance it will go to 950. (Each S&P point would equal @ 10 Dow points.) we are at 1030 so the drop on the DOW could be @ 800 points!

SPY –Short: Watch the jobless claims in the morning and check the futures afterwards. Without a big positive number, this market is likely to drop another few percent quickly here. Our target short entry is tomorrow morning with a target cover price of 960. Around 1010 if we see a major news item that turns the market around. buying put options on the SPY and SDS given this downdraft maybe swift.

Current Dow futures are pointed down and global contagion has ensued.
Dow 9668.00 -48.00 -0.49%

Tags: Market outlook 06/30/10 (Outlook for Thursday 07/01/10) Hold on tight we may be in for a little turbulence

30Jun

Head and shoulders top confirmed today

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The markets have really fallen apart in a hurry and the head and
shoulders top I’ve been discussing was confirmed in the Nasdaq today
with a nearly 4% plunge on increasing volume. That’s a distribution
day and an indication that institutions are unloading positions. I
really thought that the market would make a significant move after the
July 4th weekend, but the markets move as they choose to move.
Expect more pain if you are long this market.
We may see some real selling, brace yourself but lets hope for a bounce.
Expect some Global contaigion

Tags: Head and shoulders top confirmed today

29Jun

Stockshakers are tentatively bullish here

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Still tentatively bullish here given we had the bullish confirmation. That will change if we take out 1040 on the S&P 500. Just over 3% below where we are now. So its a good time to take a breather, heed any sell signals on your current positions and get ready for the markets next move. If we confirm the head-and-shoulders reversal, we will have some short opportunities

Tags: Stockshakers are tentatively bullish here

06Jun

NKTR Nektar announces positive results from a Phase ll NKTR-102 study

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Nektar announces positive results from a Phase ll NKTR-102 study
Nektar Therapeutics announced positive results from a Phase 2 clinical study evaluating single-agent NKTR-102 in women with platinum-resistant/refractory ovarian cancer. A total of 68 patients were enrolled with platinum-resistant disease, half of whom were platinum refractory. All 68 patients were evaluable for the primary endpoint of objective response rate using Gynecologic Cancer InterGroup (GCIG) criteria, which is a combination of response by tumor imaging (RECIST) and/or ovarian cancer biomarker (CA-125) criteria(1). GCIG (confirmed and unconfirmed) response rates were 41 percent (14/34) in the once every 14 days (q14d) dose schedule and 41 percent (14/34) for the once every 21 days (q21d) dose schedule. Confirmed objective GCIG response rates were 29 percent (10/34) and 38 percent (13/34) in the q14d and q21d dose schedules, respectively. Confirmed and unconfirmed objective response rates using RECIST were 24 percent (8/33) and 29 percent (9/31) for the q14d and q21d dose schedules, respectively. Confirmed objective response rates using RECIST were 21 percent (7/33) and 23 percent (7/31) for each dose schedule, respectively.

Tags: NKTR Nektar announces positive results from a Phase ll NKTR-102 study

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Stockshakers Market outlook 080610