Anyone invested in companies making RFID or the associated tracking software?
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Billions needed?
Anyone invested in companies making RFID or the associated tracking software?
Default A Weekly Look -- Week Ending 4/13
The dollar printed its daily cycle low on Tuesday of last week.
The dollar peaked on Thursday, which was day 2.
Possible breakout play - FormFactor, Inc. (NASDAQ:FORM)
FormFactor, Inc. (NASDAQ:FORM) - Over the last 52 weeks the stock has ranged from a low of $4.68 to a high of $11.05. FORM stock has been showing support around $5.16 and resistance in the $5.50 range. Technicals have turned bullish signaling sideways to higher prices possible in the near term. Chart is showing a Bullish MACD divergence. Positive divergence occurs when MACD advances upwards at a time when the price is still in a down trend. MACD forms a sequence of higher lows ( each low higher than the previous day or period ). The daily RSI remains above the 50 level and the MFI is moving up strongly, showing the increasing of money inflow. This could explode on any positive news due to the high short interest compared to float and the solid cash. It is a ludicrously cheap name currently trading at 1x cash flow amazingly undervalued by today's standards. They have now a market cap of under $262 Million with 296 Milion in cash and no debt. I know the market sometimes is bad but this is ridiculous. FORM is a low volume small cap that may be poised to move higher.
More breakout alerts for Tuesday : Stocks To Watch Next Week
RENN - Facebook Said to Seek Partner to Enter China
Television's Jon Erlichman reports on Facebook Inc.'s expansion plans in China.
RENN is one of the candidates Facebook Said to Seek Partner to Enter China
Technical view : The stock has been forming a large pennant pattern on the daily chart over the last few weeks, popped on good volume and retreated on lower volume. It looks like it may be starting to gain some momentum again and should make a move soon. The Pennant is a continuation pattern, that is marked by a small consolidation before resumption of the previous trend. In addition, the MACD Fast Line is about to cross up through the Slow Line,
Default HFT......Legit or Scam?
I've been following Tyler Durden for a while now. He is certainly the straw that stirs the drink lately.
For the uninitiated HFT or High Frequency Trading now RULES all major equity markets. Estimates are 70% of all volume is HFT. For that matter, the exchanges are effectively held hostage by these firms. This I am confident in my belief. Trading curbs - gone, Uptick - gone. There can be no doubt the HFT contingent made these changes a reality.
What is HFT? There are several strategies - many legit. In fact, all are technically legit. But the one strategy garnering the most press, and most outrage are flash orders.
Flash orders are small orders that "ping" the market continuously. They have a life span of milliseconds and are not placed to buy or sell stock. Flash orders have one aim. To determine order flow. Its not unlike Jesse Livermore's strategy of tossing out a couple market orders to discern how the market takes them. However, these orders are rarely filled. On high liquid stocks....they are constant. They last literally milliseconds before they are cancelled. These algorithm's sole design is to find out what you want to buy, the price, and buy it before you because they have the competitive advantage of robust servers that are located within the exchange and sell it to you a tick or two higher. For this, the exchanges pay them a rebate for "providing liquidity". They get paid up to 1/3 of a penny by exchanges. So, on a $20 stock. By buying and selling at $20 - they make 2/3 of 1 cent. Doesn't sound like much. Well, as I said, these orders are constant on high volume liquid stocks. And when you add that to the tick or two profit they make on a trade......It can quickly add up.
My basic beef with this is 1) These firms pay the exchanges to place their servers at the physical exchange to reduce milliseconds in order placement and cancellation. 2) The rebate. These two advantages are not offered to retail traders. 3) The exchanges are so unbelievably desperate to compete that they have become hostage to what amounts to 2% of all market participants at the expense of the remaining 98%.
With everything that I think I know, I don't like firms being paid by the exchange to trade. I think it goes against the central tenant of an free and open exchange. Using the available technology to one up your competitors, of which, we all are, is what capitalism is all about. You could become a broker dealer, gain access, and place your servers at the exchange if you had the physical and intellectual capital to do so. So, in that regard, I don't think I have a problem with the strategy. There are hundreds of such firms competing against each other for your order and to game each other. But, I may be mistaken on this, specialists or market makers were never paid by the exchanges. I can conceive an argument that the rebate lowers the margin for the HFT traders and can therefore offer narrower spreads, thus, in theory, reduce transaction costs for the public. However, I don't think that is what is happening in practice.
Barchart.com's Chart of the Day - Salesforce.com (CRM)
Barchart.com's Chart of the Day - Salesforce.com (CRM) for Apr 13, 2012
The "Chart of the Day" is Salesforce.com (CRM), which showed up on the Barchart "All-Time High" list. Salesforce.com posted a new all-time high of 161.69 and rallied 2%. TrendSpotter has been Long since Jan 20 at $114.19. In recent news on the stock, MKM Partners on April 10 initiated coverage on Salesforces.com with a Buy and a target of $85. Canaccord on March 28 reiterated its Buy rating on Salesforce.com and raised its target to $180 from $170. Salesforce.com, with a market cap of $21 billion, provides a suite of on-demand customer relationship management (CRM) software applications that allow customers to manage and share all of their sales, support, marketing and partner information on-demand.
Dave Landry's Market in a Minute - Friday, 4/13/12
Random Thoughts
From today's Kirk Report:
"Obsess before you enter a trade, not afterwards." - Dave Landry Thanks for the shout out Charles! Charles can be reached at www.kirkreport.com
We saw nice follow through on Thursday. The rally was broad based. Many sectors came back nicely.
More follow through will be key. If the market goes on to make new highs then trend will obviously remain intact. Anything less and we might have to pull in our horns a bit. So, what do we do? I don't think anything has changed just yet:
For now, the plan remains the same:
1) Honor your stops on existing positions just in case this turns into something bigger.
2) Be selective on new positions. Trade the best and leave the rest.
3) Wait for entries on new positions. Again, as I preach, this can often keep you out of new trouble.
Futures are weak pre-market but coming off of their worst levels.
Click here to watch today's Market in a Minute.
Best of luck with your trading today!
Dave
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Stock to watch SVM
Both the daily and week chart is approaching support, worth watching if the support holds at this level.
Penny Stock Watchlist 4/13
It's been an absolutely crazy week. Sub-Penny doubles left and right, bounce plays that get 20-50%, low floaters running dollars (FREE, SGOC etc). Members if your not making money, please email me, PM me, call me, anything. You should be making money in this crazy market. So many great calls in chat this week all around. Looking forward to closing out the week strong on Friday the 13th!
AAV ADMP ADXS ANW AWSR BBX BRD CBK CCCL CEDC CNGL COIN DNN DRYS FFN FREE GSIT JOEZ KUTV LLNW MAGS MDRM MIPS MWWC NWY PLPE RDDY RSRS SGOC SMSI TBOW TEAR UCHC WG XIN XPL ZOOM
COIN - Debt sellers are about done, could bring in buyers. Think back to ATRN, that is what happened there, not saying COIN goes to .30, just saying the major selling is over, and could see upward movement. Former Nasdaq just like ATRN, all the pieces align. As I said in chat, it will be in play a few days, and a few of us have already flipped the crap out of it for beer money.
JOEZ - Earnings beat afterhours today. Should gap up, then let it setup into something before deciding which way to play. But it will most likely have the volume I like to see tomorrow based on today's news.
TEAR - Nice looking daily chart, trying to break range.
WG - Bottom chart and can move, watch the 4.00 spot in the morning.
RSRS - Just one of those new charts I like to watch. Check the SEC filings on it. Reverse Merger in the works with convertible's out the gate. Meaning promo may be in the works. Decent volume already, but not buying it just yet.
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New Members, Please, Pleaseeeee... check out the past seminars and chart videos. You have to learn how to trade these things before throwing money around, or it can bite you in the ass. Also alert your trades as you make them so I can help you the best I can. Keep in mind when something is on watch its just to watch. Its not a buy yet, its not a sell yet. We let them setup in the patterns or washouts I have discussed in seminars/videos. (If you need me to do a video to sum up a specific stock covered in chat on any given day, just ask me after hours, and I'll do my best to get one made) Be patient to find the good entries and you will see more wins. Just because you have money in your account doesn't mean you have to use it! That always seems to be the biggest rookie mistake. Rushing into a trade simply to be in the trade, when in reality they need to ask themselves, why buy here? We play when the odds are in our favor, don't buy random. When in doubt ask, or don't play, just sit back and learn. There is no foul in watching to learn. Its a lot better than losing a large chunk of money. If you learn it, profits will come.......
My stock picks for tomorrow-CDE
CDE has a bullish technical stock analysis today.
CDE is trading in the range of $21.19 - $29.20 in the past 30 days.
Commodity Channel Index (CCI) is bullish for CDE.
CDE formed a Bullish Bollinger Band Crossover (Lower) signal.
CDE formed a bullish Price & Exponential Moving Average Crossover signal.
CDE formed a bullish Price & Simple Moving Average Crossover signal.
Average volume increase over 5% for CDE.
