stephen.punwasi

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Markets Allocation
85 % stocks 4 % forex 4 % commodities 8 % other
Top Mentioned Symbols
BABA 7% | 2 TWTR 7% | 2 AAPL 7% | 2 PCLN 7% | 2
stephen.punwasi stephen.punwasi USDCAD, M, Long ,
USDCAD: USD to go higher against the loonie.
9 0 4
USDCAD, M Long
USD to go higher against the loonie.

Support at $1.32 appears to be holding well. If the support trend continues to hold, I see it moving higher to the resistance of $1.3948 resistance established January 2016. MACD appears to be bottoming, histogram is trending higher pointing to a potential reversal near term.

stephen.punwasi stephen.punwasi DIS, D,
DIS: Disney (DIS) already priced performance in.
46 0 1
DIS, D
Disney (DIS) already priced performance in.

The 14.5% increase from the last earnings demonstrates that Disney has already priced in stellar performance. Holding over earnings may provide a small portfolio boost if you're lucky, but downside risks present kill make it just straight up gambling in my opinion. Bearish MACD shows upward moment is getting exhausted.

stephen.punwasi stephen.punwasi VIX, D,
VIX: $VIX Attempts Calming, Probably Not Going To Happen
28 0 5
VIX, D
$VIX Attempts Calming, Probably Not Going To Happen

Candlesticks - Not quite a bullish engulfing, but pretty darn close. When combined with the long upper shadows on the 5 out of 6 previous sessions, it looks like the market is pushing for more volatility. I expect the Jan 17 gap to close before breaking the December 30 high, and thus out of the channel it's creating. MACD - Bullish cross, look for confirmation ...

stephen.punwasi stephen.punwasi TWTR, D, Short ,
TWTR: TWTR's Bearish Setup
63 0 4
TWTR, D Short
TWTR's Bearish Setup

Breach of the 50 day moving average combined with a bearish cross on the MACD. If it breaches the $17.58 support, I would look to $16.28 for the next significant support level. Breach of both is pretty slim IMO however. Risk Support and lower Bollinger line up, which can send it horizontal to build a stronger base. If $17.58 isn't breached on significant ...

stephen.punwasi stephen.punwasi SOHU, D,
SOHU: SOHU May Be Ready To Close Oct 24 Gap
11 0 5
SOHU, D
SOHU May Be Ready To Close Oct 24 Gap

The long tail on Monday's candlestick shows the market maybe ready to support the stock at this level, and an insider buy of 48,000 shares from the CEO has piqued my interest. Bullish if it clears the $37.28 resistance established on December 13. Bearish if it falls below $33.78 support.

stephen.punwasi stephen.punwasi BABA, D,
BABA: Watch BABA Closely In This Range
46 0 6
BABA, D
Watch BABA Closely In This Range

Traders are undecided on Alibaba in a post-Trump world, demonstrated by the relatively horizontal movement over the past couple of weeks. The slightly tighter range indicates people may be ready to make a decision, so I'm watching two pricing levels. $91.26 - Long This resistance level is just above the 18 day moving average as of right now, if the stock breaks ...

stephen.punwasi stephen.punwasi MSI, D, Long ,
MSI: Motorola breaking out of a downtrend? $MSI
20 0 1
MSI, D Long
Motorola breaking out of a downtrend? $MSI

December 17-18 gap is closed, and like I thought it bounced right back. The heavy selling seemed to be sparked by macro sales, but not a lot else changed in this company since. Both accumulation and price have found support and seem to be reversing, but I would watch for a break below these levels just incase there's more to this picture than we've been hearing. ...

stephen.punwasi stephen.punwasi YNDX, D, Long ,
YNDX: Time To Buy $YNDX?
65 0 2
YNDX, D Long
Time To Buy $YNDX?

Despite the macro environment and a crumbling ruble, Yandex is starting to look like it may make a reversal. Pricing of the equity is only 4x this year's revenue, which might just make it your Russian rebound trade. PRICE reached it's 52 week low today, so be careful. It will most likely re-test this 18.70 level before moving higher. If you're a buyer now, I ...

stephen.punwasi stephen.punwasi FB, D, Long ,
FB: Facebook Still A Sell?
38 0 1
FB, D Long
Facebook Still A Sell?

With a double hit to the Oct 16/17 gap, it looks like Facebook is ready to move higher. Finally. With the market reaching an all time high however, you should be careful of the bullish signs reversing. PRICE - After closing the gap on Oct 30, the market demonstrated support by sending it higher, bouncing off that previous gap again on Nov 20. From here the path ...

stephen.punwasi stephen.punwasi VIX, D, Long ,
VIX: Return of volatility
16 0 1
VIX, D Long
Return of volatility

With all time highs and about $1B of sell pressure on today's close, it's interesting to note that the VIX is making a comeback. If it breaks the 15 level, I would proceed cautiously.

stephen.punwasi stephen.punwasi WDC, D, Long ,
WDC: WDC Approaching 52 Week High
15 0 1
WDC, D Long
WDC Approaching 52 Week High

PRICE - Watch the $101.40 level. A break above here means it'll go towards it's 52 week high of $103.51, Any break above that should create a new floor to preserve gains. ACCUMULATION - While new school tech has seen distribution, old tech like WDC has seen decent accumulation. Larger money managers appear to be adding, which should further strengthen any floor ...

stephen.punwasi stephen.punwasi GOOG, D, Short ,
GOOG: GOOG Management Shakeup Will Send It Lower
83 1 2
GOOG, D Short
GOOG Management Shakeup Will Send It Lower

Undeniable that Google is one of the greatest companies out there, but the expanding multiple is being questioned, especially after the major shakeup in management. While I think any entry point would be great long term on this stock, the next few weeks will see this lower. PRICE - $508 is the previous short term support, and I think with little to no new news ...

stephen.punwasi stephen.punwasi BABA, D, Short ,
BABA: BABA running out of steam?
51 0 1
BABA, D Short
BABA running out of steam?

While the company has some great fundamentals and cash flow, since IPO the stock has had quire the run up which leads me to wonder if there's room for it to run more? I think there is, but I do think in the short-term more a more attractive buying opportunity may exist in the next few weeks. PRICE - Price is starting to decline, which isn't necessarily a bad ...

stephen.punwasi stephen.punwasi ND1!, D, Short ,
ND1!: Time to short the NASDAQ?
51 0 3
ND1!, D Short
Time to short the NASDAQ?

While the bullish calls are mounting by the day, technicals seem to indicate that we'll either enter consolidation for the next few weeks, or experience a pullback. A few things to watch out for. PRICE - Intraday high has for 3 days printed lower and lower numbers. Typically a negative, but if the 4165 level holds it could just be a sign of the market taking a ...

stephen.punwasi stephen.punwasi TWTR, D, Long ,
TWTR: TWTR Potential Reversal
167 0 3
TWTR, D Long
TWTR Potential Reversal

7/29 gap at 38.92 is closed, so watch for a potential reversal. MACD looks like it's ready to reverse, but due to the volatility in this stock there's a number of things you should watch for. Rejection at 41.80, would take it back down to ~38.90, so I would watch for a careful break through this level on decent volume. 44.16 Seems like the likely target for ...

stephen.punwasi stephen.punwasi SBUX, D, Long ,
SBUX: Long SBUX For A Quick Gain
39 0 1
SBUX, D Long
Long SBUX For A Quick Gain

Outside of being one of the most well managed companies on the market , technicals seem to indicate a short-term bump up is pending. Price action seems to indicate fairly strong support at this point. Looking four a move to around the $78 region before encountering some resistance. On the downside support seems to be strong at the $74 region. Volume seems to ...

stephen.punwasi stephen.punwasi PCLN, D, Long ,
PCLN: PCLN Ready to move back up?
74 0 2
PCLN, D Long
PCLN Ready to move back up?

PCLN is back on my radar as they're pricing out a large debt issue. Typically this is done before a large share buyback or a major acquisition. Whether this is good or bad for the stock is up for debate, but it does mean a catalyst for volume will be coming. I'm personally opening up a long position as there are three indicators like: PRICE - This stock has ...

stephen.punwasi stephen.punwasi IBM, D, Long ,
IBM: IBM, Boring But Can You Make Money?
17 0 1
IBM, D Long
IBM, Boring But Can You Make Money?

There's a number of reasons to buy into IBM long-term, including great leadership, and strong revenues. I however trade in two-three week blocks, so my analysis will be brief and cover my short-term outlook. The MACD has crossed, and the histogram has reversed. This is universally considered a buy indicator, but I would still watch it carefully. Low beta stocks ...

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