ARCHIVES

The short on R.R. Donnelley (RRD) alerted on 1/29/2014 extended a 9% gain to close out the position in just 4 short trading days.  There is quite a bit of support as noted in the chart below with multiple Radars showing heavy volume consolidation when “looking left”.  Additionally, a traditional 200 day simple moving average resides at ~$16.32 making this an excellent opportunity to collect the profit and move on.

Subscribe Now for a Free Trial to receive an ALERT! When Th

Overall, markets have been under a lot of pressure as of late.  In part due to the withdrawal of additional stimulus from the Fed as well as contagion fears throughout the emerging market sector.  Additionally, sparking the free-fall today was the disappointing U.S. economic data in ISM Manufacturing and ISM Prices Paid.  Manufacturing showed a steep decline from the previous months reading of 57 down to 51.3 with Prices Paid escalating rather sharp increase up to 60.5 from the previous

Earnings season is in full effect and there are some major earnings to be announced for the rest of this week.  Be sure to watch for some volatility in the following names:

Several Energy Components – Consol Energy (CNX), Chevron (CVX)
Technology Companies – Amazon.com (AMZN), Google (GOOG), Microchip Tech (MCHP), Broadcom (BRCM), Riverbed Tech. (RVBD)
Other Major Companies – Eastman Chem (EMN), Robert Half (RHI), Wynn Resorts (WYNN), Legg Mason (LM), Mastercard (MA)

Using