Microsoft, Amazon.com, Shaw Communications: Technical Comments on Equities in Today’s News
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Microsoft Corp. (NASDAQ:MSFT) – $28.43
News event: Blow out third quarter earnings
Technical comment: Microsoft currently has a positive technical profile. Intermediate trend is up. The stock trades well above its 50 and 200 day moving average. Strength relative to the S&P 500 Index has been exceptionally positive since May. Volume today has been impressive. Short term momentum indicators are overbought, but continue to trend higher. Next resistance is at $31.05. Seasonal influences turned positive in the first week in October and remain positive until mid January.
Chart courtesy of StockCharts.com www.stockcharts.com
Amazon.com, Inc (NASDAQ:AMZN) – $116.39
News event: Blow out third quarter earnings
Technical comment: Amazon currently has positive short, medium and long term technical profile. Intermediate trend is up. The stock trades well above its 50 and 200 day moving averages. The stock broke several resistance levels on higher than average volume this morning including a break above its previous all time high at $113 set in 2000. Strength relative to the S&P 500 Index has been strongly positive since last November.
Chart courtesy of StockCharts.com www.stockcharts.com
Shaw Communications, Inc (TSE:SJR.B) – $20.01
News event: Less than expected fiscal fourth quarter earnings
Technical comment: Shaw Communications currently has an intermediate positive technical profile. Intermediate trend is up. The stock is close to completing a golden cross, a move by the 50 day moving average above its 200 day moving average. However, short term technical parameters suggest caution. The stock has found resistance near $20.70. Short term momentum indicators are overbought and showing signs of rolling over. Strength relative to the TSX Composite Index has been negative since January, but recently has shown signs of stabilizing.
Chart courtesy of StockCharts.com www.stockcharts.com
Don Vialoux
Director of the Canadian Society of Technical Analysts
Comments offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. An attempt to provide accurate data has been made, but accuracy is not guaranteed. Comments are from Don Vialoux and not from the Canadian Society of Technical Analysts.
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Tags - Previous posts for stock ticker: AMZN, MSFT, SRL.A
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October 23rd, 2009 at 4:04 pm
Hello, Don
Thanks for your analysis.
Your analysis did not include the seasonality of the stocks. I would have much appreciated information on the seasonality of the stocks analysed.
Is there any resource I could obtain that would provide me seasonality of individual stocks ?
Thanks
HM
October 24th, 2009 at 11:55 pm
Hi HM,
We do publish the seasonality of individual stocks here at TimingTheMarket.ca in the “By The Numbers” reports published following each trading day. A selection of stocks is determined based on the technical indications they present and a seasonality study is performed to establish optimal buy and sell dates.
The only other sources that I know to obtain this info charge a hefty fee for use, either by leasing software at a price of thousands per month, or by subscribing to a service that present limited information.
Jon
October 26th, 2009 at 8:39 pm
Thanks, Jon
In your earlier posting on Oct 24, you mentioned you have developed a result of a seasonality analysis application tool which determines the optimal entry and exit points using a number of criteria and based upon technical indications that have been established throughout any given trading day.
Would you be consider selling copy of this tool or start a subscription that allow subscribers to use the tool ?
Will appreciate your reply.
Also, thanks a lot for taking the time to do the analysis and sharing the information with readers like me.