ENER Analysis - Energy Conversion Devices Stock Technical Analysis

The following is Technical Analysis for Energy Conversion Devices ( ENER ) issued on 10/19/08.

Support and Resistance Levels - Energy Conversion Devices ( ENER )

Energy Conversion Devices ( ENER ) is a broken stock right now until is starts closing over moving averages such as the 10, 50, and 200 Day. Ener has support at around $34 and $29.00. Resistance is at $46.40, $49 and $50.

Remember when ENER first popped on its first quarter of reporting earnings in history back in May? ENER opened up around $42....his $41...and then took off to hit a high of $48. Also bouncing off $46.40 several times before breaking $50. A close over $50 again would be a very bullish indicator and in my opinion ENER would be back in play.

Apple ( AAPL ) $112 Resistance Level - Day Trading AAPL 9/30

Today Apple ( AAPL ) is recovering along with the technology sector very nicely. We are back to yesterdays resistance level at $112....if we can somehow punch through that mark...it will be very bullish going forward. I'd like to see a close over this level in the next few days.

Apple intraday has had support at $106 and $108 for you day traders out there.

Dow Jones Analysis 9/19/08 - Dow Jones Technical Analysis

Dow Jones - Technical Analysis - Today the dow will open at around 11280, or right between the 10 day and 50 day moving average. 11,400 is our first major level of resistance...if we can close above this level, most likely we will test 11867 which was the August high. If we break through this level, the bottom will be in at 10475. Jim Cramer, take note. Stop trying to call bottoms until they are made. Yesterdays close of 11019 acts as strong support given the gap up today. If this fails, back down we go!

FSLR Stock has Bottomed - First Solar Analysis 9/17/08

Yes, First Solar ( FSLR ) has bottomed at $186 yesterday. I have been trading this stock for the past two weeks and this morning it is stronger then any morning since I started trading it again.

They ran FSLR down from $280 to $196 in a week....every time the futures were down in the morning, they would gap First Solar lower every single time by 5-10%. I played the same trend every day last week. They would open FSLR down 5%...crush it even more at the open, and then cover their shorts the rest of the day. It was common to get $10 moves up in this stock after about 11am.

This morning the futures are down pretty nicely...and FSLR is up $2. Haven't seen this strength for several weeks. The trend has changed! Yesterdays capitulation gap down to $186 ended up with a rally to close at $215....huge move! Short finally covered. That signifies a bear bottom in the stock. A close over $220 and FSLR is off to the races even higher.

CHK Chesapeake Energy 9/15/08 Technical Analysis

Technical Analysis for Chesapeake Energy ( CHK ) - Support and Resistance Levels

CHK has been a stock that has gotten hammered with lower energy prices. Chesapeake appears to have made a new low last week at $38.10. This low is support for now and it appears as though a reverse head and shoulders pattern is forming with $38.10 being the top of the head. This formation signifies a bear trend bottom and when the last shoulder is formed, the stock forms a bullish breakout and starts a new uptrend.

It is a bit early to tell this but the ingredients are coming together as the winter heating season is upon us. I am looking to get long on a close over $42.50 in which you could easily see a run back to the $48-$50 level.

Chesapeake Energy ( CHK ) has great fundamentals and at below $40 per share, you are getting the biggest shale play, The Haynesville Shale, for free!

RIMM Technical Analysis 9/15/08, 9/16/08 Research in Motion

RIMM Technical Analysis - Support and Resistance Levels for Research in Motion

RIMM has been getting hammered over the past several weeks but appears to have found short term support at $97.72 last week, went up to test the 10 day moving average at $110, and then failed. This would give RIMM strong resistance at $110. When RIMM closes back over $110 I think you can get long and ride it for a retest of the 200 day moving average at $115. Right above the 200 day is the 50 day at $118. These areas will be lined with sellers so be cautious up there. If $97.72 fails, you could be looking at RIMM going to $90 per share.

USO Technical Analysis 9/15/08

On the day of the Lehman bankruptcy, the USO has crashed below previous support of the low $79's and hit $77.13 today 9/15/08. Looking at the USO Chart, we have some nice support around $75-$79. This is a big range but if the USO holds $75 and then shoots back up to close over $80....$75 could be your bottom. I would personally wait for the USO to close over the 10 day moving average as it has not done this since mid August. USO closed over $93 and then shot to $98.54....so using the 10 day moving average could result in a nice upside trade.

Dow Jones Analysis 9/11 - Dow Jones Technical Analysis 9/11/08

The following is technical analysis for the Dow Jones Industrial Average:

The Dow Jones futures are at 11,165 so far this morning, down 120 points. Some key levels to watch are 11,125, 11037.85, and 10827. These are lows, and they should provide some support. If we close below any of these levels, they become resistance.

The point and figure chart has the Dow testing 10,350....so if we break all of the above levels, look for this to be hit.

The 10 day moving average is at 11,400 and that would be some resistance. When we close over 11,867, the lows will have been made, and we will go a lot higher! Mark that number down!

Bidu Baidu.com technical analysis - BIDU Technical Stock Chart 9/08/08

Below is Technical Analysis for BIDU, Baidu.com. Click to see the stock chart for BIDU: 9/06/08.


BIDU Baidu.com has broken support at $300 and you see the end result. I do expect a quick recovery however as I think the general sell off in this stock and the markets were due to forced liqudation. The global slowdown is not affecting BIDU. These big dips are huge buying opportunies. BIDU seems to have found support at $270 with resistance at $300...which was previous support. I'm waiting for the low tag to come in before I buy the other half of my long position. I will update this stock chart next week!

AAPL Apple Technical Analysis 9/08/08 - Apple AAPL Stock Analysis - Technical Stock Chart

The following is technical analysis for AAPL Apple Stock: 9/06/08.... to view this chart go to :

Apple ( AAPL ) has continued the downtrend this week along with the overall stock market. AAPL is now below all three key moving averages and has hit an area of support at around $159.69 from April 2008. If this level is closed below, you could see $155 and then $152.91 be test which were the August 2008 lows. AAPL has very strong resistance in the low $180s and when these levels are taken out Apple will again start to break out. $180.45, $180.91, $182.34 are your key resistance levels for Apple stock.

Visa ( V ) Technical Analysis Stock Chart 9/05/08

The following is Technical Analysis for Visa ( V )...check out my Visa Stock Chart


Visa is closing to hitting support at around $70 but if $69.01 is closed below you could test $66.41 fast. All stocks are getting hammered lately so you can really have any stock you want at a bargin. If Visa went below $65, this would be attractive to me even though it would be broken. Resistance is $77.50 and $78.79. When these are closed above, Visa can get back on track again.

Dow Jones 11,291 Support Level Hit 9-4-08

Hey, look where we are, right at previous support 11,291. I just blogged about this level this morning. For traders....this could be a nice bounce off level. The selling has been plentiful this morning so its tough to say where we will close. But given we were just at 11,790 on Tuesday...we have fallen 500 points in days...this might be a good place to look for a bounce.

to be continued...........

Dow Jones Analysis 9-4-08 - Dow Jones Industrial Average Technical Analysis

Dow Technical Analysis 9-04-08:

The Dow Jones is trending right along with the 10 day moving average. Monday we put in a short term top at 11,790.17 and failed to break out past the August high of 11,867.11. These are two points for the Dow Jones that you will want to mark down. As soon as we close over 11,790, we will most likely test the next level of 11867. A close over this, and I strongly believe we will go back to test the Dows 200 day moving average which is currently at 12,346. This to me will be a sign that the July 15th lows have held and we will start to recover.

What longs do not want to see regarding the Dow Jones:

A break below 11,400 has always been concerning. I don't think another retest under 11,400 will have a good impact on the markets. A close below 11,290 and we will most likely retest 11,000 and below.

Dow Jones Resistance: 11,790 & 11867
Dow Jones Support: 11,400 & 11,290

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USO Analysis 9/03/08 - USO Technical Analysis Sep 3, 2008

USO Technical Analysis Stock Chart

USO gapped below the 200 day MA which is very bearish.  The USO has strong support between $87.79 - $86.64.  A close below this level and next support appears to be around $79.40.  Resistance is now the 200 day moving average at $89.16 and the $98's

Dow Jones analysis 9/02/08 - Dow Jones Average Technical Analysis

The Dow Jones closed at 11,543.55 on 8/29/08. It was a very low volume day and all of last week was very low on the volume due to the late summer months when most people go on vacation. The Dow opened just below 11,700 and sank all day.

Key Factors: McCain selecting Sarah Palin as the VP candidate, Dell Earnings, Hurricane Gustav and the impact it may have.

Dow Jones Technical Analysis:

The Dow has made a pretty nice base for itself around the 11,400 area over the past several weeks. Looking at the Dow Chart, we need to continue to hold the 10 day moving average on a closing basis which is currently at 11453. A close below this and more selling pressure will arrive. Technicians use this moving average to gauge overall market strength for the short term. Technicians use the 50 and 200 day moving averages for the long term.

Dow Support and Resistance: The Dow has support at 11,453 and 11,390. Resistance is 11715 and 11867. When we clear this you will not want to be caught short. A big move higher could follow for the Dow.

For the week of 9/2/08 - 9/05/08.....look for some bigger volume and watch these important levels described above. The volume will really come back 9/08/08 and beyond.

AAPL - Apple Stock Analysis 8/29/08 - AAPL technical analysis August 29th, 2008

Apple (AAPL) in the short term has support at $171.81 and the $170 level. What your really looking for is a close over two key resistance points of $180.45 and the $183 level....if these levels can be cleared....you could see $190's quickly as traders pile in on the long side. A close above $193 would start a new uptrend and new highs would be ahead. Pullbacks to the 200 day moving average should be bought!

Visa ( V ) Analysis 8/29/08 - Visa ( V ) Technical Analysis - Visa Stock 8/29/08

Visa ( V ) has been looking strong lately....it has closed above the 50 Day Moving Average for the first time since late June. Is the V downtrend over? I'd like to see a close above the two resistance points $76.53 and $78.79 before this is confirmed. If the downtrend is broken, you could see a run back to $85 very quickly, which there is MAJOR resistance. Pullbacks below $70 should now be bought, a close over $90 would be very bullish.

Things are looking up for the Visa ( V ) Stock Chart!