Online Stock Trading | Weekly Market Analysis

Weekly Market Analysis


Filed Under Market Commentary |

As we get ready for the last week in January, the markets will be ready for some more earnings and economic reports. Look back at the prior weeks action, it amazes me how many trade intraday. Not too mention the amount of emotion that influences Wall St. Time after time, you’ll hear me and MauiTrader talk about not trading on your emotions. Speculation can not be done on emotion. With that said, the S&P 500 and Nasdaq are all holding near their respective 50 day moving averages. What is in store for this week?

This prior week will still have traders licking the wounds from overtrading…most likely trying to find a top here. Do not be tempted to find tops in the market. Go to Vegas and throw your money in a 5 cent slot. There is a lot of emotion here in the market, best to step aside if you have any emotion here. We must keep ice in our viens and our ear to price and volume action.

I have not received any messages about any stock! NOT ONE! So I have one picked out here.

OPTM - Optium CorpOPTM

My apologies, still working on uploading documents.

But OPTM, IPO great growth in a HOT sector. Anyone know why it is so hot?

This week will bring on more earnings and probably a bit more volitility. Many are calling for a top here, however some big cap names still may have legs. It is when the large caps finally exhaust one last time is when the rally will be over. Not too mention the institutional sellers will show face. As it stands now, there are 3 distribution days on both the S&P 500 and Nasdaq. Only a few more, 2 more would send us over the edge. Stay tuned.

Again, I invite all to start posting questions!!! No question is a dumb one, but you’ll get my honest opinion. All I can guarantee!

Happy Trader
Market Speculator

marketspeculator@gmail.com

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Comments

7 Responses to “Weekly Market Analysis”

  1. DeMerchant on January 28th, 2007 11:21 pm

    I know both Cupcake and I would love to hear your take on AAPL

  2. Market Speculator on January 29th, 2007 6:55 am

    AAPL - post earnings…did you see how the huge sell off couldn’t pierce its 50dma? I wouldnt be a buyer here. Day of the earnings your position should have been sliced by 1/4 and letting the rest ride. AAPL is known for its minimalist approach to Earnings.

    Let’s see how this trades.

  3. Gio on January 29th, 2007 1:34 pm

    Hey MSpec,

    I woulda given you some stocks, but I was out most of week.

    I was surprised to see your analysis on OPTM… I have a few shares in them. The stock acts a little funny intraday, but I’ll ignore it because I’m bullish on telecom this year. Ready for the dumb questions? On your chart, what is BOP and how do you use it. What’s the correlation between price (the white line?) and the BOP (the yellow and green bars?); what’s the numbers on the y-axis (.013047, .015841, .018635) mean?

    Oh yeah, and if you have time can you tell me what you think about NHWK and BWLD?

    Thanks.

  4. Market Speculator on January 29th, 2007 1:54 pm

    Hi Gio!

    BOP is a proprietary item from TeleChart. It measures bulls vs bears using price and volume action. Extremely useful tool.

    Do you have Telechart? Once I get infront of my TeleChart I will let you know my thoughts on NHWK and BWLD!!!

    No worries, just keep sending questions.

    MktSpec

  5. Market Speculator on January 29th, 2007 8:23 pm

    Hi Bio

    If you own NHWK, no need to sell. If you don’t own it, you must wait for a breakout. You missed you missed the December breakout.

    BWLD at least 50% must be sold. UGLY day today, very UGLY. You do not want to see your stock collapse like that under its 50dma.

    MktSpec

  6. Gio on January 30th, 2007 3:55 am

    What a weird day. The market just took a nasty reversal around 1pm, which is not uncommon when we have Fed meetings on schedule in the days ahead… rats jumping ship.

    I’ve owned NHWK since December, so I’ve been holding on. I like them for their earnings, and they’re the best at their business. I don’t own BWLD, but was wondering whether to buy on the dip… I guess I’ll wait and see if it handles the 50dma better.

    I don’t have teleChart, but my broker provides me w/ their own charter w/ different study tools. I use volume and momentum, along w/ moving averages and pivot points. That BOP thing is interesting. Can you explain how to use it w/ your OPTM example, like, how do you know when a stock has a bullish/bearish bias?

    mucho mahalo…
    Gio

  7. Market Speculator on January 30th, 2007 6:15 am

    Hi Gio…just woke up so let’s see if I can make much sense here.

    GREEN GOOD
    RED BAD

    So when BOP has green in its chart its good, bulls are on your side…red they are not.

    BWLD - for the short term this stock is toast. I just think there is way too much risk right now to hop into it. Maybe it will find support at its 200dma. However, that isn’t a place you want to add to a position.

    Where do you live in the islands?

    MktSpec

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