Sunday Night Update

Posted by downtowntrader | 10/08/2006 10:34:00 PM | , , , , , , , , , | 0 comments »

Running late tonight so I am just gonna jump into the charts.

Advanced Micro Devices, Inc. (Public, NYSE:AMD)
AMD may be close to bouncing here as it pulls backto support. This could be a cup and handle bottom.

SINA Corporation (USA) (Public, NASDAQ:SINA)
Sina is looking bullish and may breakout of this falling wedge / pennant. It should find support here at the lower band and 200 sma., Inc. (ADR) (Public, NASDAQ:BIDU)
BIDU may find support at the rising trendline. Stochastic is oversold and looks like it will crossover here.

V.F. Corporation (Public, NYSE:VFC)
VFC is trading a very tight range here and should make a move soon.

Jones Apparel Group, Inc. (Public, NYSE:JNY)
JNY is wedged between a rock and hard place here. It formed a hammer at the rising band and may be ready to break out of this consolidation phase.

Blue Nile, Inc. (Public, NASDAQ:NILE)
Nile is also trading a very tight pattern after making it above resistance. The 20sma caught up to price and it should make a move very soon.

Hittite Microwave Corporation (Public, NASDAQ:HITT)
HITT is trading a nice triangle after getting above a very sloppy base. It may have a very nice move if it can clear this pattern.

EZPW has been consolidating for months now and is trading near support on declining volume. This could be a decent area for early birds who are bullish on EZPW in the intermediate term.

Diodes Incorporated (Public, NASDAQ:DIOD)
I think semiconductors may catch another bid soon and DIOD just came back to fill a gap. It is sitting on a rising trendline and may move from here.

Cascade Bancorp (Public, NASDAQ:CACB)
CACB is a low floater that has been gaining steam. It just broke out of flag type base and has been consolidating the move for a few weeks without giving up too much of the move. Keep an eye on it as it is starting to tick up.

A number of the picks from last week had very good moves, and a few are still looking good for an entry, so make sure to review last weeks posts. I'm a little worried that I see so many bullish charts as this has been a contrarian indicator for me in the past so be careful out there.

Good Luck,