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JVA Coffee Holding Co

Pikertrader — Wed, 01 Feb 2012 06:37:31 PST

JVA is a stock I've been watching for a while. It fits a pattern I like which is a strong base, high short float and low stock float. This set up makes a great short-squeeze potential. This is what we are seeing today.

JVA gapped up this morning and is trying to get above its 20 ema and resistance at 8.78 doing this would confirm the breakout. This stock can be all over the place in the early going so a move back down could happen but this stocks strong support around 8.31 gives it some good buying pressure.

YAHOO (YHOO)

Pikertrader — Wed, 01 Feb 2012 03:21:34 PST

YHOO:

YHOO Sitting on Support: YHOO it is currently sitting at short-term support at 15.38. This support comes from two things, first the 200 ema which is at 15.38 and price support from the last two weeks. In addition this is also the middle of the range YHOO has been in for the last couple of months.

Range Bound: YHOO has remained in a range of 14.74 and 16.40 since November 1st and an even large range from 16.73 to 13.86.

Current Price Action= Descending Triangle: After testing the top of its range in late December Yhoo has retreated back down and based around its 200 ema forming a descending triangle pattern. This pattern size is a conservative .73 (16.11-15.38)or a 4% plus drop from the base. This drop puts YHOO right back at the bottom of its short-term range- so this move is logical. This would also be a logical bouncing point for YHOO. YHOO could break out of this triangle if it is able to get above 15.67 and then above 16.00

Overall: Yahoo has chopped around with the market but is looking weak having been in short-term downtrend while the market has been rallying. It reported earnings on 1/24 and this catalyst still didn't move the stock. YHOO is bearish below 15.38 and even more bearish below 14.74. This stock is not going anywhere till it breaks either 16.73 or 14.74. Short-term before YHOO can get bullish it needs to break above 15.67 which has been resistance during the last few days last time YHOO broke this it bounced higher.

Key Stats:

Trend:
- Short-Term: Down
- Intermediate: Neutral
- Long-Term: Neutral
Low Short Float= 3%
Pattern:
- Short-Term: Descending Triangle (Bearish)
- Long-Term: Range Bound (Neutral)

130.06 Bounce

Pikertrader — Mon, 30 Jan 2012 16:35:49 PST

Here we go again with the Europe crap. The market did its typical Europe morning selling then buying after Europe closes. The early morning saw selling as SPY opened below short-term support of 131.23 eventually bouncing off 130.06 as the bulls successfully defended the 130.00 round number level. But the market was unable to get above resistance at 131.43 as the high of the day was 131.44.

The selling pressure came from the finanical sector as the leaders like GS, C were down 2% and MS was down 1.94%. Pressure also came earlier in the day as the dollar was rallying only to be stopped at 79.50 and Friday's highs.

Overall the bounce the bulls managed from 130.00 and the breaking of resistance still shows strength in the market. But what we saw this morning once again means that the Europe situation will still rule the market.

SPY's Daily Support and Resistance Levels

Pikertrader — Wed, 25 Jan 2012 05:00:26 PST

Support	Level	Resistance	Level
S1	131.1	R1	131.43
S2	130.90	R2	132.50
S3	130.60	R3	134.56
S4	129.79	R4
S5	129.03	R5
S6	128.24	R6
S7	127.11	R7
S8	125.72	R8
S9	122.69	R9
S10	120.14	R10
S10	119.47	R10

Pre-Market: Futures are down slightly this morning and SPY is trading in the low 131.00's. The dollar has been gaining strength throughout the morning and the EUR/USD pair has been getting weaker. Keep an eye on the TNX year as well from out post early TNX has hit resistance at 21.00 and if it moves lower could bring the market back down. Don't forget its a FED DAY!

Support: Key support to watch today is first 131.11 this has stopped most of the moves lower in the pre-market and is a short-term support level since Friday. Other notable levels are 130.90 which is the uptrend line support level from December. This trendline stopped the market from declining yesterday and may do so today. If this level does not hold selling should pick up, with the next support being near 130.00-129.79.

Resistance: Key resistance is 131.46 the market has been able to get above this but never close above it. A strong move above it and it would trigger some more short covering. If SPY deos get below 131.11 this will act as resistance as well. SPY does not have to many strong resistance levels above it right now but rather a large resistance zone from the drop in the summer- so this area may prove to be to much for the market especially if it is stalling at these levels.

Overall: ITS A FED DAY!!! So anything can happen and the market will likely chop around till the Fed speaks. After that the levels come into play anything above 131.43 is bullish and anything below 130.60 is bearish.

TNX Ten Year 2.10% and Market Tops

Pikertrader — Wed, 25 Jan 2012 03:30:22 PST

Ten Year: Since October the 10 year has remained in a tight range and now it is testing the top of this range at 21.00 or a 2.10% yield. TNX test the top of this range on Monday and has since backed off of it. Since October there has been a pattern in the market with TNX as it hits 21.00 . Each time TNX gets to this level it foreshadowed the next "dip" in the market. It occurred in November and December and also back in September.

Overall: Watch 21.00 on the then year, if it breaks above it the market will rally but as of right now based on some of the stalling action going on and the pattern that has formed with TNX a dip lower is more likely.