Charts Of Interest – 18 November 2014

Amazon.com ($AMZN)

This is an interesting one. It go whacked after earnings and has rallied ever since. Last Friday it had very strong move from the 314-316 level, and I am looking to buy should we get there again. I think there will be weak longs with stops below 318.03, which makes it an interesting trap trade too.

AMZN - 60 Minute - 18 November 2014
AMZN – 60 Minute – 18 November 2014

 

Alibaba Group ($BABA)

BABA has been on a tear lately and is pulling back. There are three zones where I am looking to trade – in the 108, 104 & 98 areas.

BABA - 60 Minute - 18 November 2014
BABA – 60 Minute – 18 November 2014

 

Salesforce.com ($CRM)

Another strong tech stock that looks good on the higher timeframes. I like the look of the gap fill area at 59.13.

CRM - 60 Minute - 18 November 2014
CRM – 60 Minute – 18 November 2014

 

Google ($GOOGL)

I love Google as a company and I use many of their products, but the stock has lost it’s mojo of late. Having said that, I am looking at a sneaky little area at 533 for a swing long. I believe $GOOGL under 600 is a bargain, so I’ll be swinging and adding to a long term position trade there.

GOOGL - 60 Minute - 18 November 2014
GOOGL – 60 Minute – 18 November 2014

Lululemon Athletica ($LULU)

The LULU weekly looks like it has put in a bottom so I am looking to get long on a pullback. I like the look of the 41.50 area as a nice clean entry point.

LULU - 240 Minute - 18 November 2014
LULU – 240 Minute – 18 November 2014

Indexes Holding Demand – 9 July 2014

So we’ve sold off for two days and I think the selling is done for now. The Russell 2000 ($IWM) is down 3.83% over the two days, which is a fairly large move. All of the indexes hit daily demand yesterday so I took the opportunity to get long in a number of names, namely

  • SSYS
  • LNKD
  • TWTR
  • TSLA
  • IWM
  • BMRN
  • AMZN
  • NTES
  • SPWR
  • TTWO

While we are in an uptrend, I am buying dips and I consider this a dip.

$COMPX - Daily - 9 July 2014
$COMPX – Daily – 9 July 2014
$DJI - Daily - 9 July 2014
$DJI – Daily – 9 July 2014
$INX - Daily - 9 July 2014
$INX – Daily – 9 July 2014
$RUT - Daily - 9 July 2014
$RUT – Daily – 9 July 2014

We have had a big run, so I am a little cautious and keeping a close watch on my positions, but a trend is a trend until the end.