Chart Review: Intel and Cisco Pullback From Critical Resistance

The NASDAQ has churned mightily in an uptrend that is slowly but surely grinding upward from the June lows. Support at the 200DMA held in June and now the technology-laden index is working on holding support at the 50DMA. Embedded in this churning action are lots of chills and thrills. Two big cap tech stocks … Read more

Time For Yet Another Pairs Trade As Juniper Networks and Cisco Systems Plunge

(This is an excerpt from an article I originally published on Seeking Alpha on May 26, 2012. Click here to read the entire piece.) {snip} I became so comfortable with the JNPR side of the trade that I never blinked while accumulating a fresh JNPR position over the past two and a half months without … Read more

Pairs Trade Triggered As Cisco Soars to 17-Month Highs Versus Juniper

This is an excerpt from an article I originally published on Seeking Alpha on December 9, 2011. Click here to read the entire piece.) Juniper Networks (JNPR) is suddenly plunging again. In three days, JNPR has lost 17% and is retesting November’s lows. Source: FreeStockCharts.com Over this same period, rival Cisco Systems (CSCO) has essentially … Read more

Juniper Network’s Surge Triggers Adjustment to Pairs Trade Versus Cisco Systems

This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Juniper Networks (JNPR) has surged 24% since I wrote about the stock’s plunge to 2 1/2 year lows. At that time, I claimed it was time to trigger my idea to do a pairs trade … Read more

T2108 Update – October 5, 2011 (Another Typical Oversold Period)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 21% (2nd day of oversold conditions) VIX Status: 38 General (Short-term) Trading Call: Conservative traders open first … Read more

T2108 Update – October 4, 2011 (One Day Bear Market?)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 18% (2nd day of oversold conditions) VIX Status: 41 (well below 1st day of oversold period) General … Read more

Juniper Networks Hits 2 1/2 Year Lows and Triggers Pairs Trade with Cisco

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Two weeks ago, I described a potential pairs trade between Juniper Networks (JNPR) and Cisco Systems (CSCO) based on the ratio of their prices and relative valuations (see “Pairs Trade: Cisco Systems Is Catching Up … Read more

Pairs Trade: Cisco Systems Is Catching Up to Juniper Networks

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Cisco Systems (CSCO) has steadily declined since reaching a peak in April, 2010. For much of this time, analysts and commentators seemed to focus on company-specific problems as the blame. It seemed competitor Juniper Networks … Read more

Chart Review: Cisco Hits 8 1/2 Year Lows (And Juniper Is In Hot Pursuit)

Anytime after the March, 2009 lows, if you had asked me which stock or stocks would break those lows within the next three years, Cisco (CSCO) would have been one of the furthest names from my mind. And yet, Tuesday (Aug 9), CSCO closed just 2% above its closing and intraday March, 2009 low. When … Read more

A Rare and Important Test for Apple’s Recently Underperforming Stock

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Before Apple (AAPL) reported earnings, I reviewed the tea leaves in the chart guessing that the stock was getting ready to make its next sprint higher despite what looked like increasing distribution in the stock. … Read more