Kudrna's Stock Market Talk

Referencing the weekly homework and stock radar, I am highlighting a few of the charts below for potential trades in undervalued stocks.

We finally saw signs of consolidation this morning, but it was short-lived creating continued frustration for the bears.  The trend over the past few months has been that gap-ups tend to drift down towards the rest of the day and gap-downs tend to drift up the rest of the day.  Today continued that trend as we drifted back towards even on the day. (more…)

Another frustrating week for the bears.  Bears continue to pound their heads against the wall as nothing seems strong enough to take the markets down.  Weaker-than-expected GDP did not even phase the markets much on Friday.  With the FOMC keeping interest rates low until 2014 and reducing growth expectations in 2012, we not only have have a fragile economic recovery, but we are continuing to pressure the savers/retirees for at least a few more years. (more…)

The following 2-hour chart on QQQ shows buyers (volume)
come after QQQ went down to $59.93 area.
It is worthwhile to watch next week on 2-hour chart
to see if $60 area can hold. (more…)

Stocks of Nordstrom (JWN), the high-end retailer, caught
our attention today (1/25) as one of the stocks that
generated a daily extreme breakout down signal.
The stock is down 1.8% today. (more…)

Annotated Chart for SPDR Select Sector Fund – Indus (XLI) Below:  (more…)

Merck (MRK) was emphasizing the importance of cancer biomarkers in the R&D day presentation. See the chart below for the pipeline programs, indication, and biomarker strategy. (more…)

Referencing the weekly homework and stock radar, I am highlighting a few of the charts below for potential trades in undervalued stocks.

On the outside, it may look like Monday was a flat day in the markets, but the underlying action was far more bullish than that view provides.  Bonds were weak again helping provide fuel for equities in the form of additional support and “ammo” for dip buyers to put to use.  If bonds continue to weaken this week, all of this talk of a market top forming will likely be far too early. (more…)

Looking around at just about any modern city in the world you might be forgiven for thinking that Apple (AAPL) has taken over the world. With literally millions of Iphones, Ipads, and Ipods being sold every month, Apple’s products are some of the most popular in the history of the world. Apple is in nearly every corner of the world as evidenced by its own website. Finally, the company became the largest in the world in terms of market cap back in August 2011.  (more…)

The following is our review of some of the stocks
mentioned in Cramer’s game plan for the week
of 1/23.

The focus here is to identify each stock’s current state
in terms of its strength relative to the market, its
industry indexes and the trend. (more…)