QUALCOMM, Inc. (NASDAQ:QCOM) reports earnings today. The company is expected to report $0.95-$0.99 profit per share. While the analysts have given their opinions, I find it far more accurate to analyze the charts.



First, the stock has surged dramatically in 2012. It has jumped from $54.70 to a recent 52 week high of $68.87. This move represents a 26% move. While the stock has pulled back slightly off its highs, it has made a bear flag pattern which tells of likely downside coming.…

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This morning, some of the leading cloud computing stocks are coming under selling pressure. Leading cloud computing stocks such as F5 Networks, Inc.(NASDAQ:FFIV), and VMware, Inc.(NYSE:VMW) are leading the cloud computing sell off. Both of these stocks have already bounced off of the morning lows. It is important to note that most of the leading cloud computing stocks are now oversold and could be due for a short term bounce in the coming days. Should FFIV stock trade lower again…

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This morning, all of the leading cloud computing stocks are trading higher despite a slightly weaker stock market. Leading cloud computing stocks such as VMWare Inc (NYSE:VMW), Salesforce.com Inc (NYSE:CRM), Riverbed Technology Inc (NASDAQ:RVBD), and Citrix Systems Inc (NASDAQ:CTXS) are all sharply higher at the start of the trading session. It is important to note that these market leaders are coming into short term daily chart resistance.



Short term day…

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All of the leading cloud computing stocks are surging higher this morning. The catalyst for the rally in the popular cloud computing stocks is due to the strong positive reaction to the F5 Networks Inc (NASDAQ:FFIV) earnings. This morning, FFIV stock is trading higher by $12.30 to 120.70 a share. This rally is helping to lift the entire sector. FFIV stock is very strong today, traders should watch for short term intra-day resistance around the $121.00 area



Leading…

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Many of the leading cloud computing stocks have come under some sharp selling pressure throughout the month of December. Cloud computing leaders such as Salesforce.com inc (NYSE:CRM) and VMWare Inc (NYSE:VMW) have been extremely weak. These stocks are holding up well today considering the major stock indexes are coming under some selling pressure this morning. CRM is still trading above its recent low that was made on December 21, 2011 at $94.09 a share. If this stock fails to hold…

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This morning, all of the leading cloud computing stocks are rallying higher. The move in the leading cloud computing stocks come despite the downward pressure in the major stock indexes. This tells us that the cloud computing stocks are showing strong relative strength today. Therefore, if the major stock indexes somehow rally higher today it will be the cloud computing stocks that will lead the markets.



Leading cloud computing stocks such as F5 Networks Inc…

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The Wednesday before options expiration is usually one of the most volatile trading sessions of the month. As you may know, options expiration occurs on the third Friday of every month. During the trading week leading into options expiration there will usually be a lot of rumors and erratic price movements in many of the leading stocks. Just look at the false report by The Guardian newspaper yesterday as they said that there would be a €2 trillion European bank bailout. Later, reports…

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The major stock indexes have surged higher over the past two weeks. The leader of this move has been the highly followed NASDAQ Composite. The tech heavy NASDAQ Composite soared higher by 367.0 points in just nine trading days. This is a remarkable rally for any index in such a short period of time. When the NASDAQ Composite leads the major stock indexes higher it is usually viewed as a short term sign of strength for the overall stock market . The opposite is true when the Dow Jones…

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Traders and investors must remember that this coming Friday is options expiration. It is not only options expiration, it is also quadruple witching options expiration. This is when options are scheduled to expire on stock index futures, stock index options, single stock futures, and stock options. Therefore, this week is likely to be even more volatile and turbulent leading up to the options expiration this coming Friday.



 As many of you may know, this is a time when the large… Continue

All day traders should know this, the week leading into options expiration is an extremely tough period to trade. This is a time when the large institutional trading desks will play a lot games with the small retail options traders. Take a look at the major stock indexes during an options expiration week on any intra-day time frame, you will see a pattern that looks like the Wasatch Mountains. The intra-day swings can make any trader sea sick if they did not take a dose of Dramamine… Continue

Traders and investors are waiting for the Federal Reserve Bank Chairman Ben Bernanke to speak this morning at 10:00 am EST. This could be one of the most highly anticipated speeches of the year. The major stock market indexes have been under heavy selling pressure all morning ahead the speech, therefore, this tells us that the investing public is betting that the market will be weak today. Now, by some chance the market begins to rally after the speech by Chairman Bernanke it would be… Continue

The major stock indexes have declined faster than they rallied after the announcement of the Bank of America deal with angel investor Warren Buffett. At first, many traders and investors thought this was good news, now it is really turning out to be a negative report for the investing public. This shows the world that perhaps even the banks in the United States may need more capital. All of the leading financial stocks have faded from their gap higher open. Stocks such as J.P. Morgan… Continue

All day traders should know this, the week leading into options expiration is an extremely tough period to trade. This is a time when the large institutional trading desks will play a lot games with the small retail options traders. Just look at the major stock indexes this week on any intra-day time frame, they have carved out a pattern that looks like the Wasatch Mountains. The intra-day swings can make any trader sea sick if they did not take a dose of Dramamine before the opening… Continue

Day after day, the major stock indexes seem to give up the early gains in the final hour of the trading session. This afternoon, the Dow Jones Industrial Average is trading higher by 400.00 points to 11,118.00. This rally higher is broad based as every sector seems to catching a bid higher. All is well in Mayberry at the moment. The final dreaded 3:00 pm hour is upon us. This is a time many many institutional traders have been pressing the sell button over the past three weeks. Let us… Continue

This morning, the sky was falling as the major stock indexes plummeted, however, after a heavy volume surge after the open the major stock indexes started to recover a bit off the lows. At one point, the Dow Jones Industrial Average(DJIA) was down by more than 150.00 points before bouncing higher. This afternoon, the DJIA is trading lower by just 20.00 points. The big question is whether this market can hold up into the closing bell. Traders should always remember the old market adage, it… Continue