Stock Picks for Wednesday, January 05

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Today marked an important shift in Plug Power shares as they closed above a major horizontal resistance line that has been forming since December. The stock was one of the big winners on Tuesday, closing up $0.068 on the day. Plug Power Inc. (NASDAQ:PLUG) traded heavy volume as it hit a high of $0.48. This high is resistance for Wednesday’s continuation move. Looking at the technical chart I see a stock that cleared a sideway consolidation base. The first target is the last pivot high over $0.569. Keep the stock on your radar for Wednesday’s trading day.

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Force Protection, Inc. (NASDAQ:FRPT) is on the verge of a breakout from an ascending triangle pattern. Watch for a move above $5.70 on a closing basis to confirm a target of $6+.

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Melco Crown Entertainment Ltd (NASDAQ:MPEL)  - If the stock can manage to pop above $6.86, we may see a run to $7.14. On the downside, the rising 13-dma at $6.34 may act as support.

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Wynn Resorts, Limited (NASDAQ:WYNN) -The next key resistance levels are located at $114.37 and $115.30. The stock looks very bullish on charts. MACD made a bullish crossover and ADX is increasing.

The following list show stocks whose volume has been increasing over the last 2 days

CSCO - Cisco Systems, Inc.
MSFT - Microsoft Corporation
MU - Micron Technology
AA - ALCOA INC
LVS - LAS VEGAS SANDS CP
WFC - WELLS FARGO & CO
MGM - Mgm Resorts Int
BSX - BOSTON SCIENTIFIC CORP
MS - Morgan Stanley Dean
AMD - ADVANCED MICRO DVCS
CMCSA - Comcast Corporation
T - AT&T Inc
NVDA - NVIDIA Corporation
VZ - Verizon Comm
MRK - Merck & Co
HPQ - HEWLETT-PACKARD CO
DELL - Dell Inc
QCOM - QUALCOMM Incorporated
WMT - Wal-Mart Stores Inc
GLW - CORNING INC
MRVL - Marvell Technology
EBAY - eBay Inc.
ATVI - Activision, Inc.
AMAT - Applied Materials
PG - PROCTER & GAMBLE CO
SPLS - Staples, Inc.
KO - COCA COLA CO
GILD - Gilead Sciences, Inc.
MI - MARSHALL & ILSLEY CORP
THC - TENET HEALTHCARE CORP
ABT - ABBOTT LABORATORIES
SLW - Silver Wheaton
SCHW - Charles Schwab Corp
DTV - Directv A
TSN - TYSON FOODS INC CL A
LDK - LDK Solar Co Ltd
CBS - CBS Cl B
MDP - MEREDITH CORP
HRB - BLOCK H & R INC
KBE - SPDR KBW BNK
SYMC - Symantec Corporation
CVS - CVS Caremark Corp
DF - DEAN FOODS INC
RIMM - Research in Motion
MPEL - Melco Crown Adr
EK - EASTMAN KODAK CO
DOW - DOW CHEMICAL CO
CVX - Chevron
DIS - DISNEY CO WALT HLDG CO
LCC - US AIRWAYS GROUP INC
NTAP - NetApp Inc
BIDU - Baidu Inc
COP - ConocoPhillips
JDSU - JDS Uniphase Corporation
CMCSK - Comcast Corporation
SLE - SARA LEE CORP
HK - Petrohawk Energy
AMR - A M R CORP
WAG - WALGREEN CO
CLX - CLOROX CO
SVU - SUPERVALU INC
TWX - AMERICA ONLINE INC
V - VISA Inc
SBUX - Starbucks Corporation
RDN - RADIAN GROUP INC
ABX - BARRICK GOLD CORP
TEVA - Teva Pharmaceutical
AAI - AirTran Holdings, Inc
MET - METLIFE INC
JBL - JABIL CIRCUIT INC
MYL - Mylan Inc
NFLX - Netflix, Inc.
ALTR - Altera Corporation
LNC - LINCOLN NATIONAL CORP
ERTS - Electronic Arts Inc.
COV - Covidien Plc
WY - WEYERHAEUSER CO
AMGN - Amgen Inc.
SLB - SCHLUMBERGER LTD
TGT - TARGET CORP
AMZN - Amazon.com, Inc.
CAT - Caterpillar Inc
EP - EL PASO CORP
ANN - ANNTAYLOR STORES CORP
GNW - GENWORTH FINCL INC
GG - GOLDCORP INC
FNSR - Finisar Corporation
LUV - SOUTHWEST AIRLINES CO
DUK - DUKE ENERGY CORP
TLAB - Tellabs, Inc.
CY - Cypress Semiconductor
FLEX - Flextronics International
ZION - Zions Bancorporation
IP - INTERNATIONAL PAPER CO
BTU - PEABODY ENERGY CORP
KRE - SPDR KBW RGL BK
STJ - ST JUDE MEDICAL INC
ESRX - Express Scripts, Inc.
KOG - KODIAK OIL & GAS CP
AMTD - TS Ameritrade Holdings
TJX - TJX COMPANIES INC
MNKD - MANNKIND CP
WIN - Windstream Corp
UPS - UPS
URBN - Urban Outfitters, Inc.
STEC - STEC Inc
AON - AON CORP
ARUN - Aruba Networks Inc
CLWR - Clearwire Corp
TGB - Taseko Mines Ltd NPL
UBS - UBS AG
HUN - HUNTSMAN CORPORATION

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Good luck to all,

AC

The Only Emerging Market That Looks Attractive Right Now Is Vietnam.

Dr. Farber`s emerging markets outlook (from Commodity Online):

"While he is very bullish long-term on emerging markets, investors should avoid (or at least lighten up on) emerging market stocks right now. They should only be bought on corrections which would represent favorable entry levels. Overall, Faber thinks the SP 500 will outperform emerging markets in 2011. The only emerging market that looks attractive right now is Vietnam (VNM)."

Related ETFs: iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), SPDR S&P 500 ETF (NYSE:SPY), iShares MSCI Brazil Index (ETF) (NYSE:EWZ), Market Vectors Vietnam ETF. (NYSE:VNM)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Stock Picks for Tuesday, January 04

Happy New Year Investors ! It’s time to kick-start 2011 with new trade Ideas for the coming trading session.

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Ciena Corporation ( NASDAQ:CIEN ) was a big winner today. The price of the stock closed up $0.66, a 3.14% increase. During the trading day, over 3.7 million shares of Ciena's were traded. The stock seems to have broken out of a three-week trading range in the $21 area. I feel that there will be a continuation move tomorrow, but I want to see it break through a big psychological resistance at the $22 level. There are several short and mid term technical indications suggesting that CIEN could make a move to higher levels. Keep a close eye on CIEN for Tuesday.

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A123 Systems, Inc. (NASDAQ:AONE) - On daily chart the stock closed above its 200-DMA with increase in volume. Momentum Oscillators are positive.

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Level 3 Communications, Inc. (NASDAQ:LVLT) - On daily chart the stock closed with a bullish candle above its 50-DMA and increased volume after consolidating in last few sessions. Momentum Oscillators are positive.

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Apple Inc. ( NASDAQ:AAPL ) hit a new 52-week high today, trading as high as $330.26, before settling at a close of $329.57. I'll be watching the stock on Tuesday, looking for a follow through move. Resistance reflects today’s high of $330.26. Keep an eye on AAPL because there is good upside in this stock.

Unusual volume in today's trading session 

CCTR - China Crescent Enterprises, Inc.
USOG - United States Oil & Gas Corp.
POPN - Pop N Go Inc
VCTY - Videolocity International, Inc.
GNTA - Genta
PWTC - Power Technology Inc.
ISPH - Inspire Pharmaceutical
AVL - Avalon Rare Metals Inc.
ADLS - ADVANCED LIFE SCIENCE
CYBL - Cyberlux Corp.
DFTS - Defense Technology Systems Inc.
CHGS - Point Acquisition Corp
FRGY - Frontier Energy Corporation
VRAL - Viral Genetics Inc.
CLX - CLOROX CO
CDII - China Direct Industries
THLD - THRESHOLD PHARMACEUT
HRRN - HE-5 Resources Corp.
SNT - Senesco Technologies
GDLNF - Greenland Minerals
GWMGF - Great Western Miner
BLEW - Bluewave Group Inc
ERII - Energy Recovery Inc
PDEP - Diamond One Inc
GKK - GRAMERCY CAPITAL CP
WPNV - WindPower Innovation
UAM - Universal American
FLPC - First Liberty Power
ETEV - Ethos Environmental
SSN - Samson Oil & Gas Ltd
IDSM - Industrial Minerals
NVAE - Svnna Est Africa
EMMS - Emmis Communication
TIII - TII Industries, Inc.
FGOCQ - Newgold, Inc.
WSTM - Workstream Inc.
CHGI - China Carbon Graphic
ESPH - Ecosphere Technology
FLMG - Fleet Management So
CAAH - Sense Holdings Inc
QMM - Quaterra Resources Inc
DLLR - DOLLAR FINANCIAL CP

Earnings Announcements for Tuesday

AngioDynamics - ANGO
CalAmp Corp - CAMP
Champion Industries - CHMP
CHINA INFRASTRUCTURE INVT CORP - CIIC
ENVOY CAPITAL GROUP INC - ECGI
First Security Group, Inc. - FSGI
Landec Corporation - LNDC
Neogen - NEOG
Sonic Corp. - SONC
Team Inc - TISI
The Mosaic Company - MOS
Volt Information Sciences - VOL

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Good luck to all,

AC

US Treasuries Are A Suicidal Investment

“This is a suicidal investment. Over time, interest rates on U.S. Treasuries will go up. Investors will gradually understand that the Federal Reserve wants to have negative real interest rates. The worst investment is in U.S. long-term bonds.” - in Bloomberg

Related: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT) , iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Next Correction In Stocks Is A Buying Opportunity.

"Faber believes a correction is imminent for the stock market as bullish sentiment (AAII sentiment) nears record levels and mutual fund cash positions remain very low. Furthermore, the latest upward move in stocks has occurred on declining volume, which is usually bearish from a technical point of view. The correction should occur in January. That being said, you should be buying into the correction as it represents a good buying opportunity. Faber prefers energy companies and speculative stocks such as home builders and even AIG. He goes on to say that the third year of a Presidential cycle is very good for speculative stocks versus traditional blue chip value plays." - in Commodity Online

Related stocks & ETFs: SPDR S&P 500 ETF (NYSE:SPY) , ProShares UltraShort S&P500 (ETF) (NYSE:SDS) , iShares Russell 2000 Index (ETF) (NYSE:IWM) , iShares Dow Jones US Home Const. (ETF) (NYSE:ITB), Lennar Corporation (NYSE:LEN) , American International Group, Inc. (NYSE:AIG)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Bullish On Energy Companies

"Faber likes energy companies since the long-term trend in oil is up, as supply fails to keep up with surging demand from emerging markets. Notes that emerging markets have surpassed the developed world in oil consumption and that this trend should keep demand strong for the foreseeable future. Faber likes the majors like Exxon Mobil (XOM), Hess (HES), and even Chesapeake Energy (CHK) as natural gas is too cheap on an inflation adjusted basis. Continuing the energy theme, coal and uranium stocks should be gradually accumulated on weakness as the world looks for alternative sources of reliable energy. Peabody Energy Corporation (BTU) on the coal side and Cameco Corporation (CCO) for uranium should outperform over the next few years." - in Commodity Online

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

December posts on Investment Writing blog

If you’re not visiting my InvestmentWriting blog in its new location, you’ve missed the following posts over the last month:



____________________
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Copyright 2011 by Susan B. Weiner All rights reserved

A Very Happy New Year to all my readers !!


Dearest readers,

I personally wanted to wish everyone a Happy and Healthy New Year. Thank you for your support throughout 2010 and I look forward to sharing, meeting and working with more of you in 2011. Enjoy some great bubbly at midnight and please drink with responsibility. May you and your loved ones have a joyful 2011.

All the best !!

Sincerely,

AC

Four Stocks Gaining Momentum

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Affymax, Inc. (NASDAQ:AFFY) broke out a short term consolidation pattern accompanied by good volume, indicating some bullish behavior and we could possibly see some continued upside movement. The trend since last week was "buy on dips" and today's move just confirms this fact.

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American Oriental Bioengineering, Inc. (NYSE:AOB) successfully broke the resistance at $2.35 confirming a reversal from the previous downward trend. From the technical chart KD line shows positive signals as %K line is rising on top over %D line, and RSI continue moving up. OBV is beginning to turn around which suggests the stock is no longer being sold off. Stock as a major resistance at $2.45. I suspect the stock may continue to appreciate over the coming weeks.

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A123 Systems, Inc. (NASDAQ:AONE) - Looking at the technical chart, we can see that the recent increase in trading volume and rising OBV suggests buyers are accumulating stock. Traders are hoping for a breakout above $10 to signal that the bull market in stock is back.

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Looking at the technical chart of Intel Corporation (NASDAQ:INTC), we have here a well defined uptrend line that has been tested when slow stochastics drops below 20. Each has been a strong buy signal for the stock. It looks like it may be starting to gain some momentum again and could be headed to test upside resistance at 21.50 or even the 22 level.

Other stocks to watch :

New 52-week High stocks

CHGS - Point Acquisition Corp
SHZ - China Shen Zhou Min
APC - ANADARKO PETROLEUM
GMO - General Moly Inc
MOS - Mosaic Co
ANR - ALPHA NATURAL RESOURCES
POT - POTASH CORP SASKAT
AGU - AGRIUM INC
COP - ConocoPhillips
TCK - Teck Recs B
NOV - NATIONAL OILWELL INC
ACI - ARCH COAL INC
CF - CF INDUSTRIES HOLDINGS
CCJ - CAMECO CORP
WLT - Walter Energy
CHKP - Check Point Software
LYB - Lyondell Basell Ind
SWKS - SKYWORKS SOLUTNS
WMB - WILLIAMS COS INC
TLM - TALISMAN ENERGY INC
APA - APACHE CORP
CTSH - Cognizant Technologies
AON - AON CORP
BHP - BHP Billiton Ltd
DVN - Devon Energy Cp
HES - AMERADA HESS CORP
AXTI - AXT Inc
CNQ - Canadian Natural Resources
ALY - Allis Chalmers Energy
BHI - BAKER HUGHES INC
SE - SPECTRA ENERGY CORP
DY - DYCOM INDUSTRIES INC
ROVI - Macrovision Corporation
INFY - Infosys Technologies
PXD - PIONEER NATURAL RES CO
AKRX - Akorn, Inc.
SPPI - Spectrum Pharmaceutical
MOO - Mk Vector Agribs
BNS - Bank of Nova Scotia
SCCO - Southern Copper Cp
IPI - Intrepid Potash Inc
JOYG - Joy Global Inc
TEX - TEREX CORP
TPX - TEMPUR-PEDIC INTL INC
LINE - LINN ENERGY LLC UTS
DDS - DILLARDS INC CL A
CVE - Cenovus Energy Inc
JRCC - JAMES RIVER COAL CO
TCO - TAUBMAN CENTERS INC
RGNC - REGENCY ENERGY
SFI - ISTAR FINANCIAL INC
CPNO - COPANO ENERGY LLC UTS
HP - HELMERICH & PAYNE INC
CHT - CHUNGHWA TELCOMM
NXTM - NXSTAGE MEDICAL INC
SIGM - Sigma Designs, Inc.
XEC - Cimarex Energy Co

Unusual volume in today's trading session  

PWTC - Power Technology Inc.
IARO - INTL AEROSPACE ENTRP
XING - Qiao Xing Uni Re
USOG - United States Oil & Gas Corp
MDMN - Medinah Minerals Inc.
CHGS - Point Acquisition Corp
XHUA - Xinhua China Ltd.
PGPM - Pilgrim Petroleum Corporation
MCET - MultiCell Technologies, Inc
REE - Rare Element Resources Ltd.
SMVI - Social Media Ventures Inc.
MBI - M B I A INC
SHZ - China Shen Zhou Min
APC - ANADARKO PETROLEUM
CDII - China Direct Industries
EFLN - Efuel EFN Corp.
DKGR - Drake Gold Resources, Inc.
LDSR - LandStar, Inc.
FCEL - FuelCell Energy, Inc.
MESAQ - Mesa Air Group
MBRKQ - ADVANCIS PHARM
LYSCF - LYNAS Corporation Ltd
TIV - Tri-Valley Corp
BWEN - Blackfoot Enterprise
QTWW - Quantum Fuel System
FTK - FLOTEK INDS INC (DE)
GMO - General Moly Inc
CNAM - China Armco Metals Inc
GWMGF - Great Western Miner
ACPW - Active Power, Inc.
CSTO - MEDASORB TECHNOLOGIES
NVLX - EFOODSAFETY COM INC
IGC - India Globalization
ZLC - Zale Corp
OSN - Ossen Innov Adr
GDLNF - Greenland Minerals
HNSN - Hansen Medical Inc
MY - China Ming Yang Win
VISN - VisionChina Media Inc

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.  

As always, good luck !

AC

Hot Basic Materials stocks

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Uranerz Energy Corp. (AMEX:URZ) was up over 18% with very unusual volume after announced that it has completed its "at-the-market" financing and has raised US$20 million in gross proceeds through Haywood Securities Inc. The company now has approximately $36 million in its treasury, and there are 70,781,433 shares issued and outstanding. As a result for today's trading session, its volume traded daily went to a 2-month high. Looking at the technical daily chart above, it seems the stock broke the strong resistance area at $3.54 and has moved decisively to the upside. That is a powerful sign that high prices are likely to continue. Long positions may be considered on price weakness, with a stop-loss at $3.04. The next resistance it could encounter is at $4.09. Once that level is breached, the next resistance could be the 52-week high at $4.13. In addition, the On Balance Volume is increasing, this clearly shows that smart money is moving into the stock again.

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General Moly, Inc. (AMEX:GMO) has made a new 52-week high of $7.18, after gaining 10% in today’s trading. The 52-week range for GMO is $2.05-$7.18. Looking at the technical chart, the short-term outlook for the stock is bullish with both 20, 50 and 200 daily moving averages going up. The MACD is positive and above the signal line, however the stochastic is now overbought at a level of 82. The next short term consolidation could provide a low risk entry point. Stay tuned !!!

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Uranium Resources, Inc. (NASDAQ:URRE) was a big winner today, as the stock closed up $0.27 on good volume. I feel that there will be a continuation move tomorrow, but I want to see it break through $3.48 and keep on going up. There are several short term technical indications suggesting that URRE could make a move to higher levels. Keep a close eye on URRE for Thursday.


Other stocks to watch :

Qiao Xing Universal Resources, Inc. (XING) - Qiao Xing Universal Resources was on fire today. The next resistance is located at $2.87.

Rambus Inc. (NASDAQ:RMBS) - Shares of Rambus are back above $20 per share. RMBS could be headed into the $25's in 2011.

A123 Systems, Inc. (NASDAQ:AONE) - Shares of A123 System continue to be very volatile and a stock worth watching. I plan to buy AONE the next time it breaks up through $10.

Sirius XM Radio Inc. (NASDAQ:SIRI) - Shares of Sirius hit a new 52 week high on heavy volume today. Resistance is located at $1.75 and then $2.

Affymax, Inc. (NASDAQ:AFFY)  - Shares of Affymax continue to be very volatile. I continue to like pullbacks under $6.40 as a trade.

Intel Corporation (NASDAQ:INTC) - Shares of Intel are starting to heat up again and are worth watching. As I have been saying in my last posts, I think this stock can trade around $21.50-$22 during the next two weeks. The stock broke its resistance and is again above its 50-day moving average.

The following list show stocks that have outperformed the SP 500 over the last 3 months

C - CITIGROUP INC
SIRI - Sirius XM Radio
GE - GENERAL ELECTRIC CO
F - FORD MOTOR COMPANY
XOMA - XOMA Ltd.
Q - QWEST COMM INTL INC
HL - HECLA MINING CO
MCP - Molycorp Inc
MGM - Mgm Resorts Int
WFC - WELLS FARGO & CO
LVS - LAS VEGAS SANDS CP
XOM - EXXON MOBIL CORP
SNSS - Sunesis Pharmaceutical
AIG - AMERICAN INTERNATIONAL
DRYS - DRYSHIPS INC
AA - ALCOA INC
VZ - Verizon Comm
BPOP - Popular, Inc.
CMCSA - Comcast Corporation
MOT - MOTOROLA INC
ORCL - Oracle Corporation
MNKD - MANNKIND CP
GLW - CORNING INC
YHOO - Yahoo! Inc
FITB - Fifth Third Bancorp
STX - Seagate Tech
EBAY - eBay Inc.
XRX - XEROX CORP 1
QCOM - QUALCOMM Incorporated
LOW - LOWES COMPANIES INC
BLOAQ - Blockbuster Inc
WAG - WALGREEN CO
SLW - Silver Wheaton
CHK - CHESAPEAKE ENERGY CORP
AMAT - Applied Materials
EMC - EMC CORP
AUY - YAMANA GOLD INC
SCHW - Charles Schwab Corp
AAPL - Apple Inc
ASTM - Aastrom Biosciences
MRVL - Marvell Technology
AMD - ADVANCED MICRO DVCS
CBS - CBS Cl B
RPC - AMDL Inc
BSX - BOSTON SCIENTIFIC CORP
JASO - JA Solar Holdings
HAL - HALLIBURTON CO HLDG CO
GMO - General Moly Inc
EK - EASTMAN KODAK CO
BIDU - Baidu Inc
CVX - Chevron
ATML - Atmel Corporation
WFT - Weatherford International
USB - US Bancorp
ONNN - ON Semiconductor Co.
KO - COCA COLA CO
SD - Sandridge Energy Inc
NVDA - NVIDIA Corporation
COP - ConocoPhillips
GPS - GAP INC
VLNC - Valence Technology
PCFG - Pacific Gold Corp.
IPG - INTERPUBLIC GRP OF COS
DOW - DOW CHEMICAL CO
ABX - BARRICK GOLD CORP
MET - METLIFE INC
LYSCF - LYNAS Corporation Ltd
HD - HOME DEPOT INC
TSLA - Tesla Motors Inc
TC - BLUE PEARL MINING LT
KG - KING PHARMACEUTICAL
NFLX - Netflix, Inc.
VLO - VALERO ENERGY CORP NEW
ODP - OFFICE DEPOT INC
NG - NOVAGOLD RESOURCES INC
SPLS - Staples, Inc.
RFMD - RF Micro Devices, Inc.
CVS - CVS Caremark Corp
SNDK - SanDisk Corporation
SYMC - Symantec Corporation
LINTA - LIBERTY MED INT A
BP - BP AMOCO ADS
TXN - TEXAS INSTRUMENTS INC
HST - HOST MARRIOTT CORP
AKS - A K STEEL HOLDING CORP
KGC - KINROSS GOLD CORP
SBUX - Starbucks Corporation
FCEL - FuelCell Energy, Inc.
SWC - Stillwater Mining Co
A - Agilent Technologies
CAT - Caterpillar Inc
ALTR - Altera Corporation
SKS - SAKS INC
WIN - Windstream Corp
EP - EL PASO CORP
STEM - StemCells, Inc.
CHGS - Point Acquisition Corp
CTL - Centurylink Inc
CSE - CAPITALSOURCE INC
AGEN - Antigenics Inc.
MAS - Masco Corporation
SLB - SCHLUMBERGER LTD
APPY - ASPENBIO PHARM
MON - Monsanto Co
XING - Qiao Xing Uni Re
FLEX - Flextronics International
ZION - Zions Bancorporation
LDK - LDK Solar Co Ltd
KOG - KODIAK OIL & GAS CP
CX - CEMEX S.A.
CIEN - CIENA Corporation
NBR - Nabors Industries Inc
SWKS - SKYWORKS SOLUTNS
RIG - Transocean Ltd
LEN - LENNAR CORP
TER - TERADYNE INC
XL - Xl Group Plc
LNC - LINCOLN NATIONAL CORP
MYL - Mylan Inc
AEZS - Aeterna Zentaris Inc
PCX - Patriot Coal Corp
URRE - URANIUM RESOURCES INC
MOS - Mosaic Co
BX - Blackstone Group LP
BK - Bank Ny Mellon
SU - SUNCOR ENERGY INC
IR - INGERSOLL RAND CO
SLE - SARA LEE CORP
ACAS - American Cap Ltd
FNSR - Finisar Corporation
BRCM - Broadcom Corporation
TTM - TATA MOTORS LTD ADS
JBL - JABIL CIRCUIT INC
MT - Arcelormittal
ZLC - Zale Corp
SNTS - SANTARUS INC
GBG - Great Basin Gold Ltd
CHS - Chicos FAS Inc
IP - INTERNATIONAL PAPER CO
NKE - NIKE INC CL B
EXK - ENDEAVOUR SILVER
MCO - Moody's Corp
LTD - LIMITED INC
GCI - GANNETT CO INC
CXZ - Cross Exp Mining
GME - GAMESTOP CP
CROX - CROCS INC
AMZN - Amazon.com, Inc.
COST - Costco Wholesale Co.
STT - STATE STREET CORP
WTNY - Whitney Holding Corporation
LSI - LSI Corp
BTU - PEABODY ENERGY CORP
BZH - BEAZER HOMES U S A INC
IVN - IVANHOE MINES LTD ORD
ADI - ANALOG DEVICES INC
ROVI - Macrovision Corporation
AXTI - AXT Inc
JCI - JOHNSON CONTROLS INC
MTL - MECHEL OAO
STVI - eTwine Holdings Inc
SVM - Silvercorp Metal
WMB - WILLIAMS COS INC
NOV - NATIONAL OILWELL INC
JNPR - Juniper Networks
TQNT - TriQuint Semiconductor
RBY - RUBICON MINERALS CP
TCK - Teck Recs B
CNX - CONSOL Energy Inc
LULU - lululemon athletical
COH - Coach Inc
JCG - J CREW GROUP INC
KBR - KBR Inc
FL - Foot Locker Inc
DEPO - Depomed, Inc
TXT - TEXTRON INC
PMI - P M I GROUP INC
DE - DEERE & CO
OMC - OMNICOM GROUP INC
SNIC - Sonic Solutions
JDSU - JDS Uniphase Corporation
MAT - Mattel Co
JCP - PENNEY J C CO INC
DVN - Devon Energy Cp
UEC - Uranium Energy Corp
ACI - ARCH COAL INC
CAH - CARDINAL HEALTH INC
CLF - Cliffs Natural Resources
HES - AMERADA HESS CORP
RDN - RADIAN GROUP INC
CMA - COMERICA INC
TSO - Tesoro Corp
CIGX - Star Scientific, Inc.
AVNR - Avanir Pharm
GFI - GOLD FIELDS LTD
AAI - AirTran Holdings, Inc
JOYG - Joy Global Inc
AEM - AGNICO EAGLE MINES LTD
CCL - CARNIVAL CORP
YUM - TRICON GLOBAL REST INC
CFN - Carefusion Cp
GLUU - Glu Mobile Inc
MPEL - Melco Crown Adr
NYT - New York Times Co
NTAP - NetApp Inc
NGD - DRC RESOURCES CP
CA - CA Inc
CMCSK - Comcast Corporation
BHI - BAKER HUGHES INC
DNN - Denison Mines

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.  

As always, good luck !

AC

Stock Picks for Wednesday December 29

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Sirius XM Radio Inc. (NASDAQ:SIRI) is looking bullish on charts. The stock is currently trading above its major moving averages and MACD is positive and above the signal line. Other technical indicators are also supporting the bulls. As long as the stock can remain above $1.42, I like the stock. Resistance remains at $1.69 and I would be a buyer on a break above that level.

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The stock has several bullish indicators that have being slowly confirmed.  AFFY is currently trading above its 50-day MA of $5.89 and is sitting on a good support ( 20-dma) waiting for the bulls to get the lead. RSI is above its 50% level and MACD shows the positive divergence. Money Flow Index is also moving up. The stock has a 52-week range of $4.90-$26.20. The technical chart is simply telling me that this is a nice healthy pullback after a big run. The trend should resume back up in the very near future. Worth putting on the watchlist. 

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Rambus Inc. (NASDAQ:RMBS) is slowly recovering. The $20.05-20.10 area is a critical resistance region that can determine overall bias for the stock in short-term. Bulls are now attacking the 50-day moving average, a break above could trigger a rally towards 20.64 resistance and determine overall bias. Keep an eye on these levels !

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I told you yesterday about A123 Systems, Inc. (NASDAQ:AONE)  and today the stock hit a high of $9.94 breaking the downtrend line from August of this year and closing above the 200 day moving average. The next key resistance levels are now located at $10.40 and $11.12.

Other stocks to watch :

New 52-week High stocks

REE - Rare Element Resources Ltd.
MCP - Molycorp Inc
AIG - AMERICAN INTERNATIONAL
AVL - Avalon Rare Metals Inc.
XOM - EXXON MOBIL CORP
AAPL - Apple Inc
GMO - General Moly Inc
ONNN - ON Semiconductor Co
CVX - Chevron
COP - ConocoPhillips
VLO - VALERO ENERGY CORP NEW
FNSR - Finisar Corporation
A - Agilent Technologies
CSE - CAPITALSOURCE INC
JBL - JABIL CIRCUIT INC
SWKS - SKYWORKS SOLUTNS
DEPO - Depomed, Inc
ARIA - ARIAD Pharmaceutical
SPPI - Spectrum Pharmaceutical
AXTI - AXT Inc
TCK - Teck Recs B
DVN - Devon Energy Cp
ALY - Allis Chalmers Energy
LYB - Lyondell Basell Ind
AON - AON CORP
VVTV - ValueVision International
SE - SPECTRA ENERGY CORP
RJA - AB Svensk Ekportkredit
FST - FOREST OIL CORP
TEX - TEREX CORP
RSO - RESOURCE CAPITAL CORP
AMP - AMERIPRISE FINANCIAL
SFI - ISTAR FINANCIAL INC
QRE - QR ENERGY LP
XIDE - EXIDE TECHNOLOGIES WI
PPG - P P G INDUSTRIES INC
CHKP - Check Point Software
VR - Validus Holdings Ltd
CATY - Cathay Gen Bancorp Inc
DRH - DIAMONDROCK HOSPITAL
SCS - STEELCASE INC
DLX - DELUXE CORP
SLXP - Salix Pharmaceutical
AGCO - A G C O CORP
RGNC - REGENCY ENERGY
CVE - Cenovus Energy Inc

Unusual volume in today's trading session

PWTC - Power Technology Inc.
REE - Rare Element Resources Ltd.
BGOI - BONANZA OIL & GAS
XOMA - XOMA Ltd.
NNBP - Nanobac Pharmaceuticals Inc.
NUBL - NuMobile, Inc.
MCP - Molycorp Inc
SNSS - Sunesis Pharmaceutical
MDMN - Medinah Minerals Inc.
ANPI - Angiotech Pharmaceutical
AVL - Avalon Rare Metals Inc.
BPAX - Biosante Pharmaceutical
CABN - Carbon Sciences Inc
NGAS - NGAS Resources
GMO - General Moly Inc
VLNC - Valence Technology
LYSCF - LYNAS Corporation Ltd
CXM - ARIES VENTURES INC
ADVR - Advanced Viral Research Corp.
CHGS - Point Acquisition Corp
APPY - ASPENBIO PHARM
UBRG - Universal Bioenergy Inc.
AGEN - Antigenics Inc.
SNTS - SANTARUS INC
STVI - eTwine Holdings Inc
SPMI - SPEEDEMISSIONS INC
SYNW - Sync2 Networks Corp
CFW - CANO PETROLEUM INC
AREM - Amer Rare Earth
MYLNG - Mylan Inc
BHPLF - BHP BILLITON LTD
ATHX - BTHC VI Inc
MRNA - Nastech Pharmaceutical
DARA - Point Therapeutics Inc
ALME - Alamo Energy Corp.
CHE - CHEMED CORP

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.  

As always, good luck !

AC

Stock Picks for Tuesday December 28

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Hey Traders ! I hope everyone had a great Christmas day, now its all about planning for the new year.

To start things off, let's take a look at the daily chart of the Force Protection, Inc. (NASDAQ:FRPT) .  The stock is on the verge of a breakout and there's plenty of room for upside. FRPT closed up 14 cents today and looks poised to make another move on Tuesday. From my point of view, there are solid and consistent buyers here. FRPT's chart suggest that increased buy side activity could push share prices to much higher levels. In the past year, the stock has hit a 52-week low of $3.86 and 52-week high of $6.75. The short-term outlook for FRPT remains positive. The MACD also confirms the recent jump and RSI shows that there's more upside to come. The stock could touch an upside target of $6.55 in the short term. Existing holders could remain invested. A close above $5.73 would have positive implications and could push the stock to the 5.92-6.19 range.

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A123 Systems, Inc. (NASDAQ:AONE) is also on my radar........From a short-term perspective you can see from the daily chart above that the price is now very close to the short-term trendline that's been in place since August. Therefore there is a high probability that the stock will finally break this downtrend line and move up big and fast, particularly as many indicators are moving upwards.

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Cisco Systems, Inc. (NASDAQ:CSCO) was able to get up through the resistance and sustained the move. The stock hit a high of $20.26, which is resistance for Tuesday’s move.  If  the stock can break through resistance, we should see a strong follow through move. Watch the stock closely tomorrow.

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Intel Corporation (NASDAQ:INTC) appears to be retesting prior resistance as support.

Other stocks to watch :

Unusual volume in today's trading session

IARO - INTL AEROSPACE ENTRP
TVCE - TVC Telecom Inc.
NGAS - NGAS
XOMA - XOMA Ltd.
RELM - RELM Wireless Corporation
DSCO - Discovery Laboratories
KATX - KAT Exploration Inc.
VLNC - Valence Technology
BPAX - Biosante Pharmaceutical
AMSZ - AcumedSpa Holdings, Inc.
TSLA - Tesla Motors Inc
ULU - ULURU Inc
AVL - Avalon Rare Metals Inc.
DDXS - VaxGen, Inc.
GVBP - Genova Biotherapeutics, Inc.
UBRG - Universal Bioenergy Inc.
SNT - Senesco Technologies
OOAG - OMDA Oil and Gas Inc
STVI - eTwine Holdings Inc
ARYX - ARYx Therapeutics Inc
JSDA - Jones Soda Co
DARA - Point Therapeutics Inc
DDSS - LABOPHARM INC
PSDV - PSIVIDA LTD ADS
MGWSF - Brockton Capital Corp
IDMCQ - INDYMAC BANCORP INC
FSTC - FIRST CORP
ADLR - Adolor Corp
STU - STUDENT LOAN CORP
VSCP - CONSULTAMERICA INC
PRWP - PRO-PHARMACEUTICALS
KOOL - THERMOGENESIS Corp.
GSAE - Green Star Alternative
PSTR - PostRock Energy Corp
ALIM - Alimera Sciences
CHCI - Comstck Hmebld A
MWIS - M-WISE INC
MAIL - INCREDIMAIL LTD ORD
ZLON - Zolon Corporation

New 52-week High stocks

AIG - AMERICAN INTERNATIONAL
XOM - EXXON MOBIL CORP
MCP - Molycorp Inc
FTR - Frontier Communication
NYB - New York Community
A - Agilent Technologies
ONNN - ON Semiconductor Co
EIX - EDISON INTERNATIONAL
SNIC - Sonic Solutions
CIT - CIT GROUP INC
CYPB - Cypress Bioscience
SPPI - Spectrum Pharmaceutical
TPX - TEMPUR-PEDIC INTL INC
SLXP - Salix Pharmaceutical
BSQR - BSQUARE Corporation
AON - AON CORP
CHTP - Chelsea Therapeutics
RJA - AB Svensk Ekportkredit
MMC - Marsh and Mclennan
MERC - Mercer International
WBD - WIMM BILL DANN FOODS
VR - Validus Holdings Ltd
TFM - The Fresh Market
DRH - DIAMONDROCK HOSPITAL
CAJ - Canon Inc
ELGX - Endologix Inc
SCS - STEELCASE INC
CR - CRANE CO
FLT - FleetCor Technologies
GAS - NICOR INC

The daily chart created a bullish engulfing candlestick formation

BAC - BANK OF AMERICA CORP
JPM - JP Morgan and Co Inc
KR - KROGER CO
ATML - Atmel Corporation
FITB - Fifth Third Bancorp
HD - HOME DEPOT INC
DUK - DUKE ENERGY CORP
GS - GOLDMAN SACHS GROUP
JBL - JABIL CIRCUIT INC
XL - Xl Group Plc
MET - METLIFE INC
PM - Philip Morris International
OREX - Orexigen Therapeutics
ERTS - Electronic Arts Inc
TLB - TALBOTS INC
HST - HOST MARRIOTT CORP
SVU - SUPERVALU INC
KIM - KIMCO REALTY CORP
TRV - The Travelers Co
FNSR - Finisar Corporation
JNS - Janus Capital Group
NTAP - NetApp Inc
WU - Western Union
UPS - UPS
CENX - Century Aluminum Co
XEL - XCEL ENERGY INC
PBCT - People's Bank
INFN - Infinera Corp
SO - SOUTHERN CO
CB - CHUBB CORP
VVUS - Vivus, Inc.
CSX - C S X CORP

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.  

As always, good luck !

AC

Merry Christmas


Dear readers,

I wish you a Merry Christmas, a couple of peaceful and relaxing days among your loved ones and friends. May the lovely things of Christmas make your season bright and happy.

Merry Xmas

AC

Stock Picks for Thursday December 23

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Red Hat, Inc. (NYSE:RHT), fell below the support level at $47.10. The stock had a bearish divergence which could be very bearish. The momentum is now bearish and as long as the stock is trading below the 47.10 level, a short position is preferred. The next support level on the daily chart is at $43.65.

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Affymax, Inc. (NASDAQ:AFFY) continued trading above the major MAs. The stock surged 2.58%, closing the day at $6.75 with the overall trading volume of 500k shares for the day. The momentum continues to be bullish for AAFY, and as long as the stock is trading above $6.50 level, a long position is preferred. The ADX indicator is bullish and the Money Flow Index is showing an increase despite sideways trading which suggests the bulls have more power. Resistance stays at $6.90, which was last yesterday’s high. Once the stock breaks resistance, it should run to $7.50. 

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Intel Corporation (NASDAQ:INTC) failed to close below its 50 DMA which is a short term bullish sign. The stock is now in oversold territory with stochastic and relative strength oscillators providing good entry points.

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On the daily chart, Universal Travel Group (NYSE:UTA) has been under strong accumulation. The movement of the stock this week is promising and the short-term up trend can continue to take the stock higher. The stock is now set up nicely in a base for a potential breakout. From a technical standpoint this chart tells you that the place to be in UTA is on the long side, with Stochastics and RSI indicators, both rising.

Other stocks to watch Tomorrow :

Shares of Banner Corporation (NASDAQ:BANR) soared 13.89% or 25 cents to $2.05 per share on rumors of a possible merger in the banking sector. The technical chart shows the stock is back to bull market as the stock is back above 50-day moving average while MACD is back above 0. In addition KD show buy signal as %K line still above %D line.

Shares of Cell Therapeutics, Inc. (NASDAQ:CTIC) continue to trade below 38 cents. Resistance is located at $0.40 and if the stock breaks above this level, you could see a nice pop.

The following list show stocks whose volume has been increasing over the last 2 trading sessions

ADBE - Adobe Systems Incorporation
AA - ALCOA INC
JBL - JABIL CIRCUIT INC
CX - CEMEX S.A.
SD - Sandridge Energy Inc
VLO - VALERO ENERGY CORP
BBD - BANCO BRADESCO SA
MCP - Molycorp Inc
CLWR - Clearwire Corp
JASO - JA Solar Holdings
AMR - A M R CORP
DRI - DARDEN RESTAURANTS INC
LEN - LENNAR CORP
KOG - KODIAK OIL & GAS CP
UAL - UAL CORP
ARMH - ARM Holdings, plc
JNPR - Juniper Networks
ARTG - Art Technology Group
MFE - MCAFEE, Inc.
LCRD - Drexler Technology
CNX - CONSOL Energy Inc
ACI - ARCH COAL INC
YGE - Yingli Green Energy
ACE - Ace Ltd
GFA - Gafisa SA
SOL - Renesola Ltd
CROX - CROCS INC
LBTYA - Liberty Global Inc
CRM - SALESFORCE.COM INC
HUN - HUNTSMAN CORPORATION
CMC - COMMERCIAL METALS CO
WBC - Wabco Holdings Inc
SINA - sina.com
OCR - OMNICARE INC
STO - Statoil ASA
ELY - CALLAWAY GOLF CO
EDAP - EDAP TMS S.A.
CMED - CHINA MEDICAL TECH
PUDA - Puda Coal Inc
AOD - ALPINE TOTAL DYNAMIC
WHR - WHIRLPOOL CORP
HP - HELMERICH & PAYNE INC
SNE - SONY CORP
D - TORONTO DOMINION BANK
NLC - NALCO HOLDING CO
UL - Unilever PLC
CYD - CHINA YUCHAI INTL LTD
ASH - ASHLAND INC
RJF - RAYMOND JAMES FNCL INC
BEBE - bebe stores, inc.
GMXR - Gmx Resourcs Inc
STKL - SunOpta Inc
SMT - Smart Technologies Inc
CIB - BANCOLOMBIA S A
BORN - China New Borun Corp
FLT - FleetCor Technologies
AIMC - Altra Holdings Inc
ASIA - Asiainfo Linkage
TRP - Transcanada Corp
COT - COTT CORP
DSX - DIANA SHIPPING INC
WG - WILLBROS GROUP INC
RYAAY - Ryanair Holdings plc
AUDC - AudioCodes Ltd.
ALIM - Alimera Sciences
ORIT - Oritani Financl
VIVDY - Vivendi
AIXG - Aixtron Aktienge
EROC - Eagle Rock Energy
HGG - HHGregg Inc
UTA - Universal Travel
AAV - Advantage Oil&Gs

The following list show stocks whose the 13-day moving average has been increasing over the last 2 trading sessions

BAC - BANK OF AMERICA CORP
CSCO - Cisco Systems, Inc.
SIRI - Sirius XM Radio
PFE - PFIZER INC.
GE - GENERAL ELECTRIC CO
MSFT - Microsoft Corporation
MGM - Mgm Resorts Int
Q - QWEST COMM INTL INC
F - FORD MOTOR COMPANY
S - Sprint Corp FON Group
JPM - JP Morgan and Co Inc
MOT - MOTOROLA INC
MATK - Martek Biosciences
MU - Micron Technology
WFC - WELLS FARGO & CO
MI - MARSHALL & ILSLEY CORP
ADBE - Adobe Systems Incorporation
ARNA - Arena Pharmaceutical
XOM - EXXON MOBIL CORP
AA - ALCOA INC
NOK - NOKIA CORP
BSX - BOSTON SCIENTIFIC CORP
ORCL - Oracle Corporation
CMCSA - Comcast Corporation
T - AT&T Inc
JBL - JABIL CIRCUIT INC
RF - REGIONS FINANCIAL CORP
CX - CEMEX S.A.
SNV - SYNOVUS FINANCIAL CORP
CHK - CHESAPEAKE ENERGY CORP
AMAT - Applied Materials
MS - Morgan Stanley
VZ - Verizon Comm
VALE - Vale S A ADR
BRCD - Brocade Communications
PBR - PETROLEO BRASILEIRO SA
XOMA - XOMA Ltd.
MDT - MEDTRONIC INC
GEN - Rri Energy Inc
NVDA - NVIDIA Corporation
MO - ALTRIA GROUP
YHOO - Yahoo! Inc
EMC - EMC CORP
LOW - LOWES COMPANIES INC 2
VLO - VALERO ENERGY CORP NEW
ATML - Atmel Corporation
ALU - ALCATEL
KEY - KEYCORP
GLW - CORNING INC
MRK - Merck & Co
ATVI - Activision, Inc.
USB - US Bancorp
KO - COCA COLA CO
QCOM - QUALCOMM Incorporated
CBS - CBS Cl B
DRYS - DRYSHIPS INC
MCP - Molycorp Inc
FBC - FLAGSTAR BANCORP INC
INCY - Incyte Genomics Inc.
SNDK - SanDisk Corporation
IVAN - Ivanhoe Energy Inc
HL - HECLA MINING CO
GGB - GERDAU USA
PG - PROCTER & GAMBLE CO
WAG - WALGREEN CO
PCX - Patriot Coal Corp
SLE - SARA LEE CORP
NWSA - News Corp Ltd pf
ABT - ABBOTT LABORATORIES
FITB - Fifth Third Bancorp
CCL - CARNIVAL CORP
STI - SUNTRUST BANKS INC
SCHW - Charles Schwab Corp
KFT - KRAFT FOODS INC
AIB - ALLIED IRISH BANKS
IRE - IRELAND GOVERNOR
THC - TENET HEALTHCARE CORP
IP - INTERNATIONAL PAPER CO
HD - HOME DEPOT INC
LSI - LSI Corp
CVS - CVS Caremark Corp
XRX - XEROX CORP
NKE - NIKE INC CL B
WY - WEYERHAEUSER CO
COP - ConocoPhillips
LEN - LENNAR CORP
PMI - P M I GROUP INC
BBT - BB&T CORPORATION
CAG - CONAGRA INC
KOG - KODIAK OIL & GAS CP
FLEX - Flextronics International
TGT - TARGET CORP
AMGN - Amgen Inc.
MON - Monsanto Co
STX - Seagate Tech
SLM - USA EDUCATION INC
SOMX - SOMAXON PHARMACEUTIC
MAS - Masco Corporation
SLB - SCHLUMBERGER LTD
TLAB - Tellabs, Inc.
PAYX - Paychex, Inc.
VOD - Vodafone Gp Plc
ONNN - ON Semiconductor Co.
AMZN - Amazon.com, Inc.
PCS - MetroPcs Communication
ARTG - Art Technology Group
AUY - YAMANA GOLD INC
DOW - DOW CHEMICAL CO
MYL - Mylan Inc
MT - Arcelormittal
XL - Xl Group Plc
BP - BP AMOCO ADS
JNS - Janus Capital Group
BK - Bank Ny Mellon
ACN - Accenture Plc
CTL - Centurylink Inc
BX - Blackstone Group LP
LCRD - Drexler Technology
IVZ - INVESCO LTD
HERO - HERCULES OFFSHORE
GS - GOLDMAN SACHS GROUP
KGC - KINROSS GOLD CORP
DHI - Horton DR Inc

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.  

As always, good luck !

AC

Stock Picks for Wednesday December 22

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Good afternoon everyone! Looks like I'm going to start the day with a technical setup on Affymax, Inc. (NASDAQ:AFFY).

Looking at the technical chart above, we can see a few technical signals suggesting that a swing higher may be in the cards in the short term. I think today's pull back was a good buying opportunity. My first target is $7.55 and the second target is $8.58. Currently the short term chart is bullish and medium-term neutral. Money Flow Index is moving up again and the stock price is currently trading above the major moving averages, which is Bullish. In addition, the stock formed a bullish MACD Crossover signal. Honestly speaking it seems cheap at this level based on fundamentals, the company is debt free and has $4.14 in cash per share. Nevertheless, we have to follow the market direction and not force it. The bullish outlook would be negated on a close below $6.05.

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Force Protection, Inc. (NASDAQ:FRPT)  broke out today above a major resistance point. Short-term technical indicators are improving and the MACD on the daily chart recently produced a new buy signal. If the stock can break today’s high of $5.73, we should see a strong follow through move. FRPT will move very quickly, so keep a very close eye on the stock.

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Bank of America Corporation (NYSE:BAC) - The major resistance has been broken in this technical chart. The price can move up to $13.52-$13.90 in the short-term. The stock has been doing well recently as %K line is on top of %D line with MACD on top of signal line. Now that the stock is above this horizontal resistance line more buyers should be coming.

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Sounds like Banner Corporation (NASDAQ:BANR) is gaining some momentum again. The stock has made a strong bounce off of the lows that were posted earlier in the month with high volume. The technical daily chart shows possible new rally as %K line is back above %D line, while the RSI is also gaining strength. If a proper breakout happens at $1.90 we can see a target of $2.29.

Other stocks to watch :

Earnings Announcements for Wednesday

Christopher & Banks - CBK
Lindsay Corporation - LNN
Walgreen - WAG

The following list show stocks whose MFI (15) ( Money Flow Index ) has been increasing over the last 2 trading sessions

MGM - Mgm Resorts Int
LVS - LAS VEGAS SANDS CP
MOT - MOTOROLA INC
BSX - BOSTON SCIENTIFIC CORP
MU - Micron Technology
AA - ALCOA INC
EK - EASTMAN KODAK CO
SLE - SARA LEE CORP
XOM - EXXON MOBIL CORP
MDT - MEDTRONIC INC
HPQ - HEWLETT-PACKARD CO
MRVL - Marvell Technology
AMAT - Applied Materials
BRCD - Brocade Communications
QCOM - QUALCOMM Incorporated
ADBE - Adobe Systems Incorporation
EMC - EMC CORP
KEY - KEYCORP
MO - ALTRIA GROUP
PG - PROCTER & GAMBLE CO
SD - Sandridge Energy Inc
ITMN - InterMune Pharmaceutical
THC - TENET HEALTHCARE CORP
AKS - A K STEEL HOLDING CORP
FITB - Fifth Third Bancorp
SCHW - Charles Schwab Corp
KO - COCA COLA CO
HD - HOME DEPOT INC
STX - Seagate Tech
XRX - XEROX CORP
NWSA - News Corp Ltd
TSO - Tesoro Corp
TXN - TEXAS INSTRUMENTS INC
ITUB - Itau Unibnco Adr
CX - CEMEX S.A.
USB - US Bancorp
NOK - NOKIA CORP
AMGN - Amgen Inc.
PCX - Patriot Coal Corp
AIG - AMERICAN INTERNATIONAL
PHM - Pultegroup Inc
GLW - CORNING INC
DRE - DUKE-WEEKS REALTY CORP
JBL - JABIL CIRCUIT INC
SLB - SCHLUMBERGER LTD
KR - KROGER CO
HOLX - Hologic, Inc.
AMR - A M R CORP
VOD - Vodafone Gp Plc
NG - NOVAGOLD RESOURCES INC
CBS - CBS Cl B
BK - Bank Ny Mellon
PEP - PEPSICO INC
GPS - GAP INC
CHTP - Chelsea Therapeutics
SWY - SAFEWAY INC
AES - A E S CORP
STI - SUNTRUST BANKS INC
WMB - WILLIAMS COS INC
NTAP - NetApp Inc
KOG - KODIAK OIL & GAS CP
BHI - BAKER HUGHES INC
KIM - KIMCO REALTY CORP
LUV - SOUTHWEST AIRLINES CO
DHI - Horton DR Inc
CCL - CARNIVAL CORP
DUK - DUKE ENERGY CORP
KGC - KINROSS GOLD CORP
JNPR - Juniper Networks
LEN - LENNAR CORP
LSI - LSI Corp
FNSR - Finisar Corporation
MYL - Mylan Inc
SO - SOUTHERN CO
SBUX - Starbucks Corporation
MON - Monsanto Co
TER - TERADYNE INC
DF - DEAN FOODS INC
TLAB - Tellabs, Inc.
IP - INTERNATIONAL PAPER CO
MT - Arcelormittal
NUE - NUCOR CORP
CNX - CONSOL Energy Inc
WY - WEYERHAEUSER CO
JDSU - JDS Uniphase Corporation
PWER - Power-One, Inc.
MPEL - Melco Crown Adr
HCP - HCP Inc
EXC - EXELON CORPORATION
SWFT - Swift Transportation
D - DOMINION RESOURCES
ACI - ARCH COAL INC
CPN - Calpine Corp
SAI - SAIC INC
TWX - AMERICA ONLINE INC
NYT - New York Times Co
SVU - SUPERVALU INC
EGO - ELDORADO GOLD CP
ZION - Zions Bancorporation
CLF - Cliffs Natural Resources
TOL - TOLL BROTHERS INC
JCP - PENNEY J C CO INC
MTG - M G I C INVT CORP WIS
SWC - Stillwater Mining Co
CAH - CARDINAL HEALTH INC
CSE - CAPITALSOURCE INC
MCP - Molycorp Inc
BEC - BECKMAN COULTER INC
GERN - Geron Corporation
AMT - AMERICAN TOWER CORP
ALL - ALLSTATE CORP
MOTR - Motricity Inc
KMX - CarMax Inc
CMA - COMERICA INC
CELG - Celgene Corporation
IAG - IAMGOLD CP
CROX - CROCS INC
TIBX - TIBCO Software, Inc.
PMCS - PMC - Sierra, Inc.
MAR - MARRIOTT INTL INC NEW
RSG - REPUBLIC SERVICES INC
VSH - Vishay Intertechnology
STJ - ST JUDE MEDICAL INC
VVUS - Vivus, Inc.
NOV - NATIONAL OILWELL INC
FE - FIRSTENERGY CORP
GFA - Gafisa SA
JNS - Janus Capital Group
ADP - Automatic Data Process
AFL - AFLAC INC
SFI - ISTAR FINANCIAL INC
KMB - KIMBERLY CLARK CORP
COH - Coach Inc
VRSN - VeriSign, Inc.
CMS - C M S ENERGY CORP
DRI - DARDEN RESTAURANTS INC
ADSK - Autodesk, Inc.
USG - U S G CORP
MMR - MCMORAN EXPLORATION CO
MDRX - Allscript Health
AON - AON CORP
YGE - Yingli Green Energy
INTU - Intuit Inc.
ADI - ANALOG DEVICES INC
TWC - Time Warner Cable Inc
FST - FOREST OIL CORP
IVZ - INVESCO LTD
SVNT - SAVIENT PHARMS
MOS - Mosaic Co
HLIT - Harmonic Inc.
SKS - SAKS INC
PGN - Progress Energy Inc
ETFC - E*Trade Financial Inc
NKE - NIKE INC CL B
WYNN - Wynn Resorts LTD
DAN - Dana Corp
CY - Cypress Semiconductor
DECK - Deckers Outdoor Corporation
NEE - Nextera Energy
APOL - Apollo Group, Inc.
DHR - DANAHER CORP
ARMH - ARM Holdings, plc
EXEL - Exelixis, Inc.
CLD - Cloud Peak Energy Inc
ANR - ALPHA NATURAL RESOURCES
ELN - ELAN CORP P L C
NRG - NRG Energy Inc
XEL - XCEL ENERGY INC
WM - WASTE MANAGEMENT INC
AONE - A123 Systems Inc
SWKS - SKYWORKS SOLUTNS
TEX - TEREX CORP
LPX - LOUISIANA PACIFIC CORP
K - KELLOGG CO
LOCM - INTERCHANGE CP
LM - LEGG MASON INC
RRC - Range Resources Corp
MIPS - MIPS Technologies
ZMH - ZIMMER HOLDINGS INC
TEL - Tyco Electronics Ltd
BMC - BMC Software Inc
BIG - Big Lots Inc
SRE - SEMPRA ENERGY
CIT - CIT GROUP INC
WR - WESTERN RESOURCES INC
ITT - ITT Corp
STO - Statoil ASA
TS - Tenaris SA
JWN - NORDSTROM INC
OC - Owens Corning Inc
FLIR - FLIR Systems, Inc.
KEG - Key Energy Services
BLK - BLACKROCK INC
MAC - MACERICH CO
MDR - MCDERMOTT INTL INC
OMX - OfficeMax Inc
AYE - ALLEGHENY ENERGY INC
POM - Potomac Electric Po
UNM - UNUM GROUP
JRCC - JAMES RIVER COAL CO
HMY - HARMONY GOLD MINING
MCK - MCKESSON HBOC INC
CENX - Century Aluminum Co.
ECL - ECOLAB INC
SYK - STRYKER CORP
AVT - AVNET INC
FRG - Fronter Gold Inc
CCJ - CAMECO CORP
FLR - FLUOR CORP
PX - PRAXAIR INC
AMB - AMB Property Corp

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.  

As always, good luck !

AC

The US Economy Will Not Double Dip For Now.

"I don`t think it will double dip for now, we are living in a global economy today and you have parts of the world that are relatively weak, like the US and Europe, although from the lows they have recovered somewhat. Than you have other parts of the world that are very strong, emerging economies, especially China and India. The big question is what will happen to that part of the world."

in Bloomberg

Related: iShares MSCI Emerging Markets Indx (ETF) (EEM), iShares MSCI Brazil Index (ETF) (EWZ), Market Vector Russia ETF Trust (Public, NYSE:RSX) , iShares FTSE/Xinhua China 25 Index (ETF) (FXI), iShares MSCI Japan Index (ETF) (NYSE:EWJ), SPDR S&P 500 ETF (NYSE:SPY) , ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), SPDR S&P 500 ETF (NYSE:SPY)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Trade Ideas for Tuesday December 21

( click to enlarge )

Force Protection, Inc. (NASDAQ:FRPT) looks ready to take out November highs. Indicators are turning up and it should get the move.

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After months of struggle KB Home (NYSE:KBH) was able to push through their 200-day MA. My model is now long, targeting $15.82 area. 

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Toll Brothers, Inc. (NYSE:TOL) made a huge move today. It should make a higher high this week.

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Universal Travel Group (NYSE:UTA)  now has a big bullish inverted head and shoulder pattern. Look for it to break the trendline soon and make a nice move.

Other stocks to watch :

Unusual volume in today's trading session

UNDT - Universal Detection Technology
GERS - GreenShift Corporation
LLEG - Laidlaw Energy Group, Inc.
VYGO - Voyager Petroleum, Inc.
ZLUS - CoreStream Energy, Inc.
POPN - Pop N Go Inc
NNBP - Nanobac Pharmaceuticals Inc.
ARNA - Arena Pharmaceutical
FNMA - Fannie Mae
ACDU - Accredited Business Consolidators Corp.
TECO - TECO Energy, Inc
HIRU - Hiru Corporation
SNSS - Sunesis Pharmaceutical
ITMN - InterMune Pharmaceutical
AMSZ - AcumedSpa Holdings, Inc.
EESV - Environmental Energy Services Inc.
CHTP - Chelsea Therapeutics
SDRG - SILVER DRAGON RES
ISCHY - Israel Chemicals Ltd
MLXO - Michelex Corp
JTX - JACKSON HEWITT TAX
AOTL - AeroTelesis Inc.
BMO - BANK OF MONTREAL
FRHV - Fresh Harvest Products, Inc.
RPC - AMDL Inc
ARYX - ARYx Therapeutics Inc
WH - WSP Holdings Ltd
RNRG - REVONERGY INC
ICGN - ICAGEN INC
PPHM - Peregrine Pharmaceutical
ISCO - International Stem
ARET - Arete Industries Inc.
GSAT - Globalstar Inc
HYTM - HYTHIAM INC
CRWG - CrowdGather Inc
BLUS - NEUROCHEM INC ORD
TTT - MFC Bancorp Ltd.
HMPR - HAMPTON ROADS BANKS
SA - SEABRIDGE GOLD INC
WFYW - Wherify Wireless, Inc
TUFF - Tuffnell Ltd
GFGFQ - Guaranty Financial Group Inc.
RXII - RXi Pharmaceuticals

The following list show stocks whose 13-moving average crossed above 50-day moving average over the past 5 trading sessions

BAC - BANK OF AMERICA CORP
ORCL - Oracle Corporation
JPM - JP Morgan and Co Inc
V - VISA Inc
MOT - MOTOROLA INC
T - AT&T Inc
ITMN - InterMune Pharmaceutical
SNV - SYNOVUS FINANCIAL CORP
VZ - Verizon Comm
MS - Morgan Stanley
NWSA - News Corp Ltd
KGC - KINROSS GOLD CORP
ACN - Accenture Plc
KEY - KEYCORP
MDT - MEDTRONIC INC
GLW - CORNING INC
THC - TENET HEALTHCARE CORP
CHK - CHESAPEAKE ENERGY CORP
PM - Philip Morris International
GGB - GERDAU USA
STI - SUNTRUST BANKS INC
EGO - ELDORADO GOLD CP
FCEL - FuelCell Energy, Inc.
MET - METLIFE INC
PEP - PEPSICO INC
GRMN - Garmin Ltd
BP - BP AMOCO ADS
MT - Arcelormittal
AIB - ALLIED IRISH BANKS
PBCT - People's Bank
KBE - SPDR KBW BNK
ZION - Zions Bancorporation
COF - CAPITAL ONE FNCL CORP
INTU - Intuit Inc.
CPN - Calpine Corp
CAG - CONAGRA INC
TCB - T C F FINANCIAL CORP
DHI - Horton DR Inc
IVZ - INVESCO LTD
MTG - M G I C INVT CORP WIS
PWR - QUANTA SVCS INC
PWER - Power-One, Inc.
NWL - NEWELL RUBBERMAID INC
GNW - GENWORTH FINCL INC
LNC - LINCOLN NATIONAL CORP
BLK - BLACKROCK INC
ABC - AMERISOURCEBERGEN CORP
CBB - Cincinnati Bell
DNDN - Dendreon Corporation
CMS - C M S ENERGY CORP
SPF - STANDARD PACIFIC CORP
UNM - UNUM GROUP
JNS - Janus Capital Group.
DSCM - drugstore.com, inc.
RDC - ROWAN COS INC
ZMH - ZIMMER HOLDINGS INC
BXS - BANCORPSOUTH INC
ACE - Ace Ltd
K - KELLOGG CO
EQIX - Equinix, Inc.
OC - Owens Corning Inc
AIS - Antares Pharma Inc
SOLR - GT Solar International
ENER - Energy Conversion Devices
MCP - Molycorp Inc
LEG - LEGGETT & PLATT INC
PSEC - Prospect Cptl Cp
DGX - QUEST DIAGNOSTICS INC
SWK - Stanley Blk&Dckr
HLS - HEALTHSOUTH Corp.
NDN - 99 CENTS ONLY STORES
CIT - CIT GROUP INC
TOL - TOLL BROTHERS INC
RYL - RYLAND GROUP INC
ZLCS - CombinatoRx Inc
NIHD - NII Holdings Inc
INFN - Infinera Corp
SAPE - Sapient Corporation
ADTN - ADTRAN, Inc.
OI - OWENS ILLINOIS INC
NVAX - Novavax Inc
OLN - OLIN CORP
SPR - Spirit Aerosystems
CGR - CLAUDE RESOURCES INC
NWS - News Corp Ltd ADR
PRGO - Perrigo Company
UN - UNILEVER N V
AMCC - Applied Micro Circuits
WR - WESTERN RESOURCES INC
WHR - WHIRLPOOL CORP
NWBI - Northwest Bancorp
EGN - ENERGEN CORP
RPM - R P M INC
CNXT - Conexant Systems, Inc.
STO - Statoil ASA
SGMS - Scientific Games Corp
TSU - Tim Participacs
OCLR - Bookham Technology plc
HALO - HALOZYME THERAPEUTICS
FMER - FirstMerit Corporation
POL - PolyOne Corp
XRAY - DENTSPLY International
CCC - CALGON CARBON CORP
WBS - Webster Financial Cp
HXL - HEXCEL CORP
BLC - Belo Corp
RWT - REDWOOD TRUST INC
LZB - LA Z BOY INC
RHB - REHABCARE GROUP INC
MSCI - MSCI Inc
GAS - NICOR INC
TUP - Tupperware Brands
VCI - VALASSIS COMM INC
HSNI - HSN Inc
GBCI - Glacier Bancorp, Inc.
BMS - BEMIS CO INC
MDC - MDC HOLDINGS INC
PPHM - Peregrine Pharmaceutical
2y IFSIA - Interface, Inc.
PKD - PARKER DRILLING CO
UL - Unilever PLC
FRPT - Force Protection Inc
TRH - TRANSATLANTIC HLDGS
WTFC - Wintrust Financial
MHK - MOHAWK INDS INC
CRA - Celera Group
ENR - ENERGIZER HOLDINGS INC

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.  

As always, good luck !

AC