Capital Essence Blog - 錢途集團: Sep 28, 2007

Trading Ideas: Get a big bang for your buck

[Capital Essence NewsDesk] Editor's Note: below are just some trading ideas flow from our latest Headlines.

"Swing Trader Bulletin"

Shares of Immersion Corporation (IMMR) – a long holding in our "Swing Trader Bulletin" Portfolio – jumped as much as +6% this morning on the heel of Thursday's whopping +14% gains.As a matter of fact, we've sold a slew of IMMR this morning as the stock tested the first upside target for a quick but very nice +15% profit.

"Cubes Speculator Bulletin"

September 27, 2007 @ 11:00 PM

As mentioned, profit taking on big names like GOOG, MSFT, AMZN… continues. And again, this does not bode well for the bulls.
We are not feeling very good about today trading action.
The rally from August's 16 low looks exhausted.

As predicted, QQQQ stalled out around the $51.60 level and headed south Friday afternoon. The stock hit as low as $51.18. Any put option traded could have booked in a nice 30% profit intraday.

Want more investing ideas? Check out Capital Essence's Newsletter Services - "best-of-web" technical analysis.

The bulls still in charge

Editor's note: this column was originally published on Capital Essence's CEM News on September 27, 2007. It's being republished as a bonus for the loyal readers. For more information about subscribing to CEM News, please click here.

Good Morning. This is Capital Essence's "Market Outlook" (the technical analysis of financial markets) for Friday September 28, 2007.

As we've predicted in the previous Market Outlook: "short-term outlook is bullish until proven otherwise" – equity market proved to be resilient Thursday, finishing moderately higher in the face of mixed economic news and high oil prices. The Dow gained 34 points for the day to finish at 13912. It worth notice that the blue-chip index is about 100 points to an all-time high of 14021.95 recorded on July 17, 2007. The S&P 500 Index added about 6 points to finish at 1531. General speaking, today trading action had not only confirmed but also enhanced the already bullish outlook.

One stock that jumped up on the day was Immersion Corporation (IMMR) – a long holding in our "Swing Trader Bulletin" Portfolio. Shares of the computer peripherals maker rocketed more than +14% Thursday amid a new wave of aggressive buying.

The Standard & Poors 500 Index (daily) chart above addresses a short-term time frame. As expected, the index followed through to the upside on the heel of yesterday bullish breakout from the small pennant. As a matter of fact, things could still little sloppy in this area though an advance to above the 1540 level, especially a clear breakout above 1,555 would set the stage for an explosion higher, possibly into the 1630 area.

The Dow Jones Industrials Average (daily) chart above addresses a short-term time frame. The blue-chip index continues to base sideway near high. In fact, today trading action is considered bullish given the overbought condition. As noted above, the index is about a hundred points away from the all-time high. Apparently, the target is just too tempting for traders to resist. With that said, there is a high probability for a move toward the 14K before the third quarter's window closes.

Bottom line: Thursday's trading action suggests that the bulls still in charge. Although bear in mind that tomorrow is the third quarter's last trading session and if the bulls fail to impress investors on this very day, expect things to get really naughty for the rest of the year.

Until next time, good luck.

(By: Michelle Mai for Capital Essence)

Note: Michelle Mai writes technical analysis for Capital Essence and is the editor of Capital Essence's "Market Outlook" newsletter. To receive the daily edition, please subscribe. It's now available at a monthly rate.

技術前瞻：多頭仍處於支配地位

這是Capital Essence對2007年9月28日 (週五) 的市場技術分析。

在昨天的前瞻分析中我們曾預測："除非出現相反證據，股市短期前景看漲"。不出所料，面對好壞參半的經濟數據以及高企的油價，股市週四最終小幅高收，表現出了彈性。當日道指上漲34點，報收13912點。值得注意的是道指距2007年7月 17日創下的歷史高點——14021.95約有100點的差距。昨日，標普500指數上漲6點，收於1531點。總的來說，週四的交易表現不僅確認而且鞏固了當前的牛市前景。

我們"Swing Trader Bulletin"投資組合中的長期持股——Immersion Corporation (IMMR) 昨日表現不凡。受新一輪猛烈買盤的推動，週四這家電腦周邊設備製造商的股價高漲了14%以上。

上面是標普500指數的短期日線圖。如前所料，承接前一天從小三角區的看漲突破，該指數昨天繼續上行。事實上，該指數儘管站上了1540點，但情況仍不十分明朗，如果能夠果斷地突破1555點，則將為目標為1630點的爆發打下基礎。

上面是道指的短期日線圖。該指數仍在高點附近的橫向區間打底。事實上，鑒於超買的形勢，昨天的交易狀況仍然看漲。前面說過，該指數距離歷史高點有 100點的差距。顯然，該目標的誘惑力對交易者來說是難以阻擋的。因此，在第三季度結束之前，該指數向14000點挺進的可能性很大。

總結：週四的交易狀況表明多頭仍處於支配地位。儘管如此，請記住今天是第三季度的最後一個交易日，如果今天多頭沒能吸引投資者加入，預計本年度餘下時間股市將變得十分不可琢磨。

(本文作者：Michelle Mai)