Capital Essence Blog - 錢途集團: Oct 24, 2007

NewsDesk: A Wild Day, Q’s +30%, SLAB +7%

Editor's Note: below are just some trading ideas flow from our latest Headlines.

"Cubes Speculator Bulletin":

October 23, 2007 @ 8:00 PM:

The market is setting up for a "mid-week reversal".
There is a high probability for the "gap filling". A decline to below $53.50 will confirm this.
We suspect that "buy-the-dippers" could step in around $53.
Expect a retest of the $54 level if the Q's holds well above this level.
New Option Setup: Long "Q's November 53 Call (QQQKA)" around Q's $53. Stop: around Q's $xxx. Target: around Q's $54; $5xxx.

As predicted the night before, the Q's danced its way into the $54 zone after the morning bearish gap open that sent the stock into the $53 area was met with an aggressive wave of buying. We've pocket a nice +30% profit from the call option setup as it achieved the first target in as little as 1 session.

"Swing Trader Bulletin":

October 17, 2007:

Long: SLAB.
Silicon Laboratories Inc (SLAB) traded like it wants to fill the early '06 gap. Trigger: a move ABVOE $4xxxx. Stop: around $4x. Target: $4x; $5x. Risk Rating: 3.

As you can see, despite the overall weakness, Silicon Laboratories Inc (SLAB) jumped more than +7% today on huge volume.

At Capital Essence, we target sudden profits - stocks that we can swing in and out for a quick 10-50% profit and 100-500% for options.

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

技術前瞻：大市依然向好

Editor's note: this column was originally published on Capital Essence's CEM News on October 23, 2007. It's being republished as a bonus for the loyal readers. For more information about subscribing to CEM News, please click here.

這是Capital Essence對2007年10月24日 (週三) 的市場技術分析。

受美國運通(American Express)(AXP)、AT&T(T)、杜邦(DuPont)(DD)、UPS(UPS)、Burlington Northern (BNI)和蘋果(AAPL)等公司利好財報的推動，週二大盤高收。iPod的生產商蘋果公司漂亮的財報激發了大盤的做多動能，將納斯達克100指數送上多年來新高。

週二的高位突破使納斯達克100指數向上測試2001年2770點的峰值。實際上，指數週二的走勢同我們在週一晚間的"Cubes Speculator Bulletin" 中的預測是一致的："QQQQ重新測試54美元價位的可能性非常高。"儘管由於上午遭遇一波賣壓導致資金力量不足，追蹤納斯達克100的 ETF(QQQQ)一度下跌，但被一股更強大的做多勢力托住，一直將股價送上54.18美元的價位，為2001年來的最高收盤價。兩天內，新建倉的 QQQQ看漲期權漲幅高達68%。

上面是標普500指數的短期日線圖。同我們預料中一致，週二股指在成功測試50日均線的支撐後反轉上行。預計未來幾天股指將測試1530的短期壓力位。我們曾提到，對此點位的明確突破將預示著股指再度向上測試1560點的"關鍵反轉位"。

上面是道瓊斯工業平均指數的短期日線圖。同其他主要股指類似，該藍籌股指數週二同樣一度跌破50日均線支撐，但隨即遭遇強力做多動能，最後高收。該股指目前已經做好準備向上測試上週五跌破的13800點短期阻力位。支撐位在13400點附近。

總結：只要股市繼續在上週五低點之上運行，長期牛市依然不改。

(本文作者：Michelle Mai)

注﹕Michelle Mai為Capital Essence(錢途集團)撰寫技術分析﹐並為包括市場趨勢在內的數份金融市場投資通訊的首席市場策略師。如欲每日盤前收到更多最新分析, 敬請訂閱。

The overall picture remains bullish

Good Morning. This is Capital Essence's "Market Outlook" (the technical analysis of financial markets) for Wednesday October 24, 2007.

Stocks closed higher Tuesday amid a batch of good earnings news from American Express (AXP), AT&T (T), DuPont (DD), UPS (UPS), Burlington Northern (BNI) and Apple (AAPL). Speaking of Apple, the iPod maker's upbeat earning report had fueled a board buying interest that sent the NASDAQ 100 Index to a new multi-year high.

Today's bullish breakout positioned the tech rich index to test the 2001 high about 2770. As a matter of fact, Tuesday trading action was very consistent to what we've predicted in our Monday evening "Cubes Speculator Bulletin": "there is a high probability for a retest of the $54 level". Despite the pocket of weakness which contributed to a mid-morning sell-off, the NASDAQ 100 Index ETF (QQQQ) maintained a bullish bias as the dip was greeted by an even more aggressive wave of buying interest that pushed the stock to $54.18 – the best closing level since 2001. The newly QQQQ call option setup gained as much as +68% in just 2 days.

The S&P 500 Index (daily) chart above addresses a short-term time frame. As expected, the board market index moved higher Tuesday followed a successful test of support at the 50-day moving average. Expect a test of short-term resistant about 1530 in the upcoming days. As mentioned, a clear breakout above this level indicates a retest of the bearish "key reversal point" about 1560.

The Dow Jones Industrial Average (daily) chart above addresses a short-term time frame. Similar to its peers, the blue-chips index also closed higher today after the dip [into the 50-day moving average] was greeted by an aggressive wave of buying interest. The index is well position to test the short-term resistant at last Friday's bearish breakdown point around 13800. Support is about 13400.

In summary, the overall picture remains bullish as long as the market holds above last Friday's low.

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.