Michael Gouvalaris | TalkMarkets | Page 1
Writer at The Technical Investor
Contributor's Links: The Technical Investor
Michael Gouvalaris started trading in 2008, initially using options and then moving to the E-Mini S+P 500 futures contracts. Since the regression in volatility the last couple years, he has transitioned to a swing trading and a longer term approach to investing using mainly leveraged and ...more

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Monthly Market Update
Stocks closed the month strong, as the benchmark S+P 500 index gained almost 4% for the month of August and closed the month above the psychological level that is 2000.
Pullback Finds Short Term Support
In last week’s update post we talked about the confluence of short term support near the 1900 level on the S+P 500 and a projected downside target of 1908 was given.
Investing In Semiconductor Technology Earnings Growth
Avago Technologies (AVGO), a Singapore incorporated company with joint headquarters in San Jose, California, is a leading designer, developer, and supplier of a broad range of analog semiconductor devices and digital, mixed signal, and optoelectronics components and subsystems.
Stock Market Update…
There’s been an uptick in volatility this week so let’s take a look at the near term stock market picture. The above daily chart of the S+P 500 highlights the recent price action since the 82 point correction took place in April.
Some Quick Market Observations…
Over the last six months especially, we’ve seen tremendous strength in the cumulative advance decline line. Seeing these continued higher highs on the price chart above, it really shouldn’t come as much of a surprise that most of the broader market has been “grinding” higher as well.
Bond Market Update
There may be a potential slow down in bond trading, leading to a larger consumption of treasuries.
Tesla Stock Update
It’s easy to get caught up in the short-term movements of high-flying momentum stocks, but before one gets overly bearish on Tesla right now, let’s take a look at the bigger picture.
Broad Market Update
This week the S+P 500 eventually found support and rallied into the end of the holiday shortened week. The support level came in at the midpoint of the February lows to the early April highs. This week’s rally also seemed to take out the short setup, or midpoint from early April highs to this week’s low.
New All Time Highs For The Energy Sector
The energy sector has been on fire recently. The only sector so far to take out it’s early April highs by any significant margin. The XLE is up 1.1% year to date.
Amazon Update
Amazon (AMZN) looks to have found at least some short term support near the zone that we pointed out in a prior post. The stock price seems to have completed an A-B-C correction pattern as it experienced two separate but similar sized drops of about $70 points
S+P 500 Update
This week the S+P 500 tested it’s midpoint from the February lows to the April highs(white dotted horizontal line). The market consolidated for a couple of days and now is pushing higher, now back above it’s 50 day moving average.
Nasdaq Approaches 200 Day MA For First Time Since 2012
For the second day in a row the broader market started off higher but came under significant selling pressure by mid afternoon.
Big Banks = Big Market Movers: JP Morgan (JPM) And Wells Fargo (WFC)
JP Morgan Chase (JPM) announced its quarterly earnings report on Friday AM. A rather disappointing outcome missing on both revenue and earnings expectations. The stock price acted accordingly and closed over 3.6% lower. But the Bulls have a few potential things going for them.
Amazon (AMZN) Tesla (TSLA) And Biotech (IBB)...
Many growth and momentum names have experienced a considerable amount of selling pressure recently. I've decided to take a look at a few.
Market Summary: This Is Not 2013...
An analysis of the trends in the Dow, Nasdaq, Russell 2000, and S+P 500 shows that there is no reason not to invest now.
Twitter (TWTR) Price Chart Update ...
There is a saying that goes "the market tends to do the expected, but in unexpected ways". I bring this up in regards to twitter stock because all I heard going into it's IPO was how everyone wanted to be a buyer around the mid to low $30 level.
1 to 16 of 26 Posts