May 21, 2008

The stocks in today's report:

The stocks in today's report have been highlighted due to recent news, expected catalysts, or Market-related events which have the potential to move the stocks significantly from current levels.

This analysis is completely unbiased; it is based on the Technical Regression Analysis offered by Stock Traders Daily.  The analysis is meant to help you make buy and sell decisions at the right time.  This is not a fundamental analysis and it should not be construed as a review of the fundamental health of the companies herein.  Instead, this analysis should be used solely as a guide to properly time buy and sell decisions instead instead.

KLA Tencor (KLAC) KLAC is floundering at this time and it is safe to say that anyone interested in longer term investments in KLAC should wait until a more defined channel surfaces.  With that understood, the stock is offering excellent trading opportunities for investors willing to engage long/short strategies at defined support and resistance levels.  In our real time trading report for KLAC we have defined specific plans that identify immediate trading opportunities based on these inflection parameters for KLAC.  You can obtain a snapshot of our dynamic plan by clicking here, but please understand that the plan updates as the price of the stock changes: KLAC Report

JP Morgan (JPM) Beware of JPM; declines may lie ahead.  According to our analysis JPM has recently tested longer term resistance within a  well-defined longer term channel and it is now set up to decline back to longer term support levels.  For many reason JPM may be a darling to Wall Street, but for Technical Reasons the stock appears poised to decline first, before moving higher again.  When you review our report pay careful attention to the longer term parameters we have identified.  Resistance is defined as longer term parameter #3; support is longer term parameter #1.  We expect the stock to decline to support from current levels according to plan: JPM Report

Home Depot (HD)  Longer term resistance was tested perfectly in HD, and normally we expect a stock to fall back to longer term support levels after this happens.  However, HD has thwarted official tests of longer term support twice, and it may do it a third time; that depends on our pre-defined catalysts.  We have defined a major catalyst as mid term support.  Mid term support is defined as mid term parameter #1 in our real time trading report.  If that support level holds our analysis tells us to expect the stock to flounder in a  sideways pattern for the time being.  However, a break below mid term parameter #1 may lead to another strong decline from HD instead.  Review this inflection parameter now by clicking here:: HD Report

Research in Motion (RIMM) RIMM appears to be in the process of increasing to longer term resistance at this time.  Although the upside seems comparably limited according to our analysis, the potential for higher levels from here is still quite strong.  However, that depends on the stock's ability or inability to hold mid term support.  We have defined mid term support as mid term parameter #2 in our real time trading report.  When you read our report review that parameter first.  If support holds we expect the stock to accelerate to longer term parameter #3, which is longer term resistance by our definition.  From there the stock has the potential to pull back aggressively.  For those interested in identifying a sell point for current long positions, longer term parameter #3 may be what you are looking for.  Click here: RIMM Report

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