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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
tradewithZEN
My blog:
zentrader.ca
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  • Stock In Focus: CZZ

    By Jeff Pierce

    Per Yahoo Finance:

    Cosan Limited engages in the energy, food, logistics, infrastructure, and farmland development and management businesses primarily in Brazil, Europe, Latin America, the Middle East, Asia, and North America.

    CZZ has had a really strong 2 months and this pullback is much needed. I think a great entry would be in the $18.80-19.20 level. A lot of traders want it to pull back all the way below the breakout as they feel this decreases their risk, but often times strong stocks just don't pull back that much.

    Another indicator to watch is the RSI. When it trades down to 40 that could coincide with a short term bottom. So to recap: either the low range of my price, 18.80 or when the RSI hits 40-42.

    czz

    Feb 14 8:50 PM | Link | Comment!
  • "Fear Of Missing Out" Is Driving This Rally

    By Poly

    This 32 day Daily Cycle rally is beginning to get "long in the tooth" now. It's no longer about fundamentals or earnings; in the short term it's just the fear of missing a rally. When a Cycle becomes this stretched and deep in the count then they will just keep piling in until there is significant profit taking that will drive the ever weaker and speculative longs into a selling panic.

    equities_market_cycles

    As simple as that sounds, it doesn't require much more thought or analysis beyond that. This is a 125 point; 32 day Daily Cycle rally that almost everybody is convinced will never end.

    That's an impressive move and it needs to be consolidated. Obviously liquidity is sloshing freely and speculative capital is piling in. But I can guarantee you that some resemblance of a Daily Cycle Low is on the horizon and it will serve to reset sentiment in the short term. That means a drop of at least 25 points, but more likely 50 to 75 points over a very short period.

    I'm sure you all know by now that I remain bullish here beyond this coming DCL. Obviously it's not that I believe in the underlying fundamentals of the market. It's because I see this Investor Cycle taking out the all-time highs and stretching deep both into the Cycle count and into overbought territory.

    This is an excerpt from this week's premium update published on Wednesday (2.13) focusing on equities from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly, as well as real time trade alerts to profit from market inefficiencies.

    They offer a FREE 15-day trial where you'll receive complete access to the entire site. Coupon code (NYSE:ZEN) saves you 15%.

    Feb 14 8:48 PM | Link | Comment!
  • Current Stocks Trending On StockTwits

    By Jeff Pierce

    Outlook for next 3 months: Likely to trend higher over next few quarters but is slightly overbought. Would look to enter on pullback near $47-46, assuming it pulls back from these levels. If it continues higher, then you may have to adjust buy point upwards.

    prlb

    Outlook for next 3 months: Disappointing earnings reaction coupled with a technically weak chart causes a lot of concern in this chart. I expect this to trade lower for the next quarter or two down in the $38-36 range. Long term trend is intact and after a decent pullback could be a good long term buy.

    dps

    Outlook for next 3 months: After basing for most of 2012 this sleeping giant has awoken. Look for this to consolidate under resistance and make a run at the $11 level. If it can get above this key area this is going much higher.

    spwr

    And now for something completely different. Here's is a picture my neighbor painted of a beach in Mexico. Isn't it beautiful? This is where I envision myself trading from someday full time.

    beach.picture

    Tags: PRLB, DPS, SPWR, DPS, PRLB, SPWR
    Feb 13 10:17 PM | Link | Comment!
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