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.

After the first 90 minutes of action Tuesday morning, the enthusiasm was quickly sucked out of the market for the rest of the day. We gapped-up on the “Greece is saved” continuing theme only for volume to fall off a cliff and the action become very boring to watch/trade. (more…)

ISRG gapped down on earnings release date 1/20,
but was able to recover, closed the gap, and even
broke above the $475 resistance area. What a very
“resilient” stock ! (more…)

It has taken 10 months for PCLN to break out. (more…)

CAT hit middle line of the up trend channel on daily
chart on 1/26 and turned down from there. It bounced
back from the lower channel line on 1/30 trying
to go higher. So far it has failed to break above
$114/$115 area. Worst yet, it is near the bottom
of the channel, with momentum and relative
strength turning down. (more…)

VIX, the S&P 500 Volatility Index, is known as
the markets’ fear gauge, and is believed to have
inverse correlation with the markets – when VIX
goes up, markets tend to go down and vice versa. (more…)

Polypore International (PPO), a technology filtration
company, has been going down for five days since
it hit the $57 resistance area. It is well below $43
support area as of the close today (2/15). (more…)

Apple’s stock pulled back from all-time high today with a
loss of 2.31% on above-average volume. Regardless of
the news events that may have triggered the sell off,
the following daily chart shows Apple also hit the middle
line of an up-trending yellow channel today and pulled
back from it. If Apple continues to go down, the next
support is $475 area. If Apple can reverse its course,
it could at least reach $580 area. (more…)

Intuitive Surgical (ISRG) showed a sign of strength
today as it went down with the market. The volume
was below 10-day moving average. This is in contrast
to AAPL and QQQ that were hit hard with well-above
average volume. This means there is no panic selling
for ISRG, at least for today. (more…)

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

As expected, The “Greece is saved” theme continued yet again.  Stocks bounced back on Monday as Greece finally approved austerity plans late Sunday. The next test for the plan is a vote on Wednesday from the European finance ministers.  They will vote to approve the bill.  (more…)

Apple (AAPL) had a good day today; it was up 1.7%
while the market S&P 500 was up 0.2%, QQQ ETF was
up 0.5% and XLK ETF was 0.6%. It appears that
AAPL may be on the move again. (more…)