Technicals

Technical Forecast for Natural Gas

Jason Sen — Fri, 24 May 2013 13:20:15 +0000

Natural Gas moved back up towards 4.230/250 for another chance to exit longs & try shorts & hit support at 4.163/133 to bottom out as expected. We then shot through 4.230/250 to keep the upward momentum going for a test of 4.310/ 324 today. If attempting ...

Technical Forecast for WTI Crude

Jason Sen — Fri, 24 May 2013 12:35:51 +0000

WTI Crude hit our target & support at 92.80/75 & although we tested the 200 day moving average at 92.30 we just held on to allow longs to be held for the expected bounce. We then reached resistance at 94.40/50 where we advised to try shorts & this was the exact high. Today the outlook is a little more positive so be ready with stops on ...

Technical Forecast for RBOB

Jason Sen — Fri, 24 May 2013 12:34:55 +0000

RBOB Gasoline bounced ahead of 277.95/10. This is good support as stated yesterday & we look oversold in the short term so we would expect a bounce from here if seen today. Exit shorts & try longs with stops below 276.60.

We face resistance in the 282.46-283.60 area which did ...

Technical Forecast for Brent Crude

Jason Sen — Fri, 24 May 2013 12:33:43 +0000

Brent Crude broke support at 101.35/20 but being very oversold in the short term we bounced ahead of our buying opportunity at 100.26 & recovered to 102.40/50 resistance. This has held the bounce as expected but the outlook is more positive today so a push above here looks likely for a test of moving ...

Stocks to Watch for May 23, 2013

António Costa — Thu, 23 May 2013 14:28:13 +0000

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Amazon.com, Inc. (NASDAQ: AMZN) The stock chart shows a reversal day pattern on very high volumes, with the stock price closing near the lows of the day slightly above the EMA50. Stronger volumes on down days remain a concern. The technical indicators are showing signs of bearishness. The 9-day EMA has turned down and the 50-day EMA has flattened. The RSI has crossed below the 50% level, with a bearish cross of the %K line below the %D. In addition, the DI- crossed above the DI+ which is a bearish cross.

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I'm watching a ...

Technical Forecast for Natural Gas

Jason Sen — Thu, 23 May 2013 13:54:52 +0000

Natural Gas hit our next target of 4.230/250 where we advised to exit longs & try shorts. This worked perfectly as prices backed away to support at 4.163/133 & a low for the day was seen

here exactly as predicted. We are moving back up towards 4.230/250 for another chance to exit longs & try shorts with stops above 4.275. We would look for a ...

Technical Forecast for Copper

Jason Sen — Thu, 23 May 2013 13:53:44 +0000

Copper beat 7442/44 but only made it as far as 7533. Back below 7442/44 we could test support at 7369/67 but below here we are looking for 7355 possibly a test of good support at 7255/45.

Above May highs ...

Technical Forecast for WTI Crude

Jason Sen — Thu, 23 May 2013 13:52:35 +0000

WTI Crude did continue lower to the 94.50/40 target & a buying opportunity. We bounced nicely from here but have since broken lower to hit the next target of 93.64. The outlook remains weak so look now for a test of strong support at 92.80/75. We are however starting to look oversold in the short term so ...

Technical Forecast for RBOB

Jason Sen — Thu, 23 May 2013 13:50:31 +0000

RBOB Gasoline broke support at 280.77 as feared but bounced ahead of 277.95/10. This is good support as stated yesterday & we look oversold in the short term so we would expect a bounce from here if seen today. Exit shorts & try longs with stops below 276.60.

We face ...

Technical Forecast for Brent Crude

Jason Sen — Thu, 23 May 2013 13:48:24 +0000

Brent Crude has continued lower with the outlook remaining weak. If we hold below 102.00 we could test the next support at 101.35/20. We are getting very oversold in the short term so this could hold the low for the day. Watch for a bounce but keeps stops tight below 101.00 as ...

Small-Cap Trading Alert: Margin Expansion Driving Turnaround at Zale

Scott Rubin — Thu, 23 May 2013 11:30:33 +0000

The 2008 financial crisis took a large toll on thousands of U.S. businesses as plunging demand caused sales and net income to fall off a cliff across most industries. Jewelry retailer Zale (NYSE: ZLC) was among the hardest hit publicly traded companies with the stock falling from above $30 in September 2008 to below $4 by the beginning of 2009. As conditions continued to deteriorate, Zale briefly traded under $1.00 in early March before rebounding.

Unlike many other stocks, Zale shares have been unable to bounce back to anywhere near pre-financial crisis levels. In recent years the company has been beset by losses and choppy revenue trends. A lackluster economy, combined with secular challenges within the jewelry business, have kept Zale shares trading in a volatile range between $2.00 and $7.00 over the last several years.

Despite being a well-known jewelry brand with a significant marketing presence, the company is firmly entrenched in the small-cap space with a market-cap of just $214 million. There are signs, however, that Zale is on the verge of an operational turnaround which could send the stock above its long-term trading range and lead to big profits for investors.

Revenue bottomed out in fiscal 2010 and the company has posted modest sequential increases in 2011 and 2012. Analysts are estimating that this trend will continue in 2013 and 2014, although the anticipated growth is very conservative. Sales are expected to be up less than 1 percent in 2013 followed by a gain of 2.30 percent in fiscal 2014. Although these figures are ...

Stocks to Watch for May 22, 2013

António Costa — Wed, 22 May 2013 18:04:55 +0000

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Cell Therapeutics Inc (NASDAQ: CTIC) broke out a major resistance line today on heavy volume and I expect another strong move tomorrow. Today's high was $1.43, which is resistance for the follow through move on Wednesday. If the stock does break resistance, expect to see another strong upside move. Looking at the technical chart there looks to be more room in this move, so watch the stock closely over the next few days.

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LinkedIn Corp (NYSE: LNKD) parabolic SAR and MFI are declining. The MACD is slightly positive but continues to fall, so my bias is down.

Technical Forecast for Natural Gas

Jason Sen — Wed, 22 May 2013 17:25:43 +0000

Natural Gas broke 4.163 as we close in on our next target of 4.230/250. We are overbought short term so exit longs & try shorts here with stops above 4.275.

A drift lower finds support at 4.163/133 & a low ...

Technical Forecast for Copper

Jason Sen — Wed, 22 May 2013 17:19:15 +0000

Copper made it to 7442/44 but topped almost exactly here. We do look like we have run out of momentum for this week. Immediate support is 7369/67 but below here we are looking for 7315 possibly a test of good support at 7255/50.

7442/44 remains ...

Technical Forecast for Gasoil

Jason Sen — Wed, 22 May 2013 17:14:10 +0000

Gasoil hit profit taking breaking 875.65/25 as we close in on our target of 870/869. This could be a buying opportunity so maybe exit shorts & try longs with stops below 866.50. A break lower then target 864.65 then 861.15/860.50 for another buying ...