AMRN Finally Breaks $12, Again

I've been covering AMRN for a while now. If you've been following me, I called a buy on AMRN on May 21st, when the price was $10.51; pretty good return. Check out the article here.

AMRN has recently come down to the lower trend line, drawn in the above chart; it popped right off of it. We now have a confirmed uptrend when focusing on stochastics, RSI and MACD. The parabolic SAR is also showing an uptrend. AMRN is above the 200, 50 and 20 day moving average. So where will this stock go? In my previous article I said that we can see a short term price of $13, and we almost hit that today! According to the trendlines, we could see AMRN reach $16 soon! Not to mention, AMRN has a price target of $24. We could see that price in July, or if it finally gets acquired.

Check back for more chart analysis.

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Udon Noodles and Fresh Tomato's Recipe

Tonight I decided to make udon noodles with fresh tomato's. All you really need is two tomato's, onions, garlic, fresh basil leaves, extra virgin olive oil and udon noodles. What you need to do first is dice a half of an onion and 4 cloves of garlic.
Dice up the two tomato's into small cubes.

Now in a pot, pour in 3oz of extra virgin olive oil and put in your onions and garlic. Put the stove on medium heat and let cook for a few minutes. Add a few fresh basil leaves into the pot, give it a quick stir. Try not to let the garlic and onions burn, you will just want them to cook and maintain their original color. The olive oil needs to absorb the flavors from the onions, garlic and basil.

Add the diced tomato's into the pot. You will want to lower the heat now, somewhere between medium and low heat. Try not to let the tomato's boil too much, you will just want it to slowly cook. If need be, lower the flame.

Cook the tomato's for about 10 minutes. At this point you can fill a pot with water for the pasta to cook. In my recipe I used Udon noodles, but you may use whichever pasta you like.

Once the pasta is done cooking, strain it and put a portion in a dish. With a ladle, pour some of the fresh tomato's over the udon noodles.

You can top it off with a few more fresh basil leaves and some pecorino romano cheese.

Enjoy!

Scallops in Tomato Sauce

I like to make Scallops in Tomato Sauce time to time. It's very easy and so delicious, there's no way anyone can mess this recipe up. I picked up a bag of wild jumbo scallops from Trader Joe's, I think they were about $11.99 for the bag.

I had to defrost them, I left them in the fridge during the day while at work. When I came home, I put the scallop bag in a steel bowl filled with cool water. Once they were fully defrosted, I pat dry the scallops with a paper towel. I then placed them in a dish, as seen above. Covered it with saran wrap and put it back into the fridge.

Luckily for the sauce, I am able to use my dads homemade tomato sauce, which he makes once a year at the end of the summer with plum tomato's. In a small pot, I added about 3oz of extra virgin olive oil. I then put in  3oz of chopped onions and 4 cloves of chopped garlic. I put the stove on medium heat and let it cook for a few minutes. Once the oil begins to bubble, I like to add a few leaves of fresh basil. Just make sure you don't let the garlic and onions burn, you will want to keep them at their original color. All we are doing here, is letting the olive oil absorb the flavors from the garlic, onions and basil. After a few minutes of frying, put about 2 cups of tomato sauce into the pot. Now you will want to cook this tomato sauce for about 15 minutes on low to medium heat. Don't let it boil too much, you need to let it cook slowly. After the sauce has cooked for about 5 minutes, put in the scallops. The scallops only need to cook for 10 minutes. What I like to do is taste one of the scallops at the 15 minute mark to make sure they are properly cooked, if not, I let them cook a little longer. Over cooking scallops can make them really tough and chewy, this is not what we want. We want them to be tender, so make sure you don't over cook them!

At this point you can start boiling water for the pasta. For this dish, I used Linguine. You may use whichever pasta you like. I even sometimes use Japanese Udon noodles. Once the pasta is done cooking, strain it and put a portion into a dish or bowl.

Pour some sauce over the Linguine and add a few scallops to top it off. I sometimes add a few more fresh leaves of basil over linguine and scallops to give it more flavor.

Hope you enjoyed this recipe!

Avocado Spread on Whole Wheat Bread

I don't know about you, but I'm not one of those people that settle for a bowl of cereal and milk for breakfast. I usually like to eat two eggs over easy, or scrambled eggs with a side of fruit and a cup of coffee. I recently came across an easy and filling breakfast idea that's not only delicious, but its also healthy. All you need is an avocado, salt, extra virgin olive oil and a slice of whole wheat bread.  

Start by cutting the skin off of the avocado and removing the pit. Put the avocado into a small bowl, begin mashing it up with a fork. Sprinkle a small amount of salt over the avocado mix and add a teaspoon of extra virgin olive oil. Mash it up a little more with your fork.

Now it's time to spread the avocado mix over a toasted slice of whole wheat bread. This quick breakfast idea is delicious and keeps you full for a few hours. You get a good amount of protein from this breakfast, so it's perfect if your on a high protein diet. You can even have a side of hard boiled eggs with this breakfast for even more protein.

Potato Gnocchi with Pesto Recipe

So much to do, with so little time. I needed to make dinner for me and my fiancee. I needed something really quick. I remembered I had gnocchi in the pantry and decided to make my potato gnocchi with pesto recipe. It literally took 15 minutes to make!

I started to boil the water for the gnocchi to cook. I put a teaspoon of salt into the water as it began to boil. Once boiling, I dumped my Gnocchi into the water and added a teaspoon of extra virgin olive oil. I let the gnocchi boil for about 8 minutes.

The pesto I used in this quick and easy Italian recipe was made by my dad who has his own YouTube cooking channel. He is pretty awesome at cooking and you should visit his site if you have a chance. Anyway, so once the gnocchi were cooked I put them in a strainer. I then put the cooked gnocchi in a dish and poured my dads pesto sauce over the gnocchi. I took the pesto directly from the fridge. Once poured over the gnocchi, the pesto will start to warm up. I then sprinkled some pecorino romano cheese over the pesto gnocchi. You can also drizzle some extra extra virgin olive oil over the gnocchi, gives it a richer taste.

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AMRN Should Continue to Follow Through

In my previous two articles I said that AMRN was going to start showing strength, and starting Thursday that's exactly what happened. I also said that we should see a near term price target of $13, or even $16! That is yet to happen. So here's why I think AMRN should continue higher. First of all look at the stochastics, MACD and RSI. They were all recently oversold where the stock price came down to a perfect buy area. Unfortunately one of my previous lower trend lines that I had drawn in was broken through, so I had to adjust it, and that's what you see above, the adjusted lower trend line. We finally got the parabolic SAR beneath the stock price which further confirms AMRN is in a new uptrend. Bollinger Bands aren't too contracted, but they have room to expand. Also the last two trading days had good volume, driving stock price higher. The bulls are in control! This is one of my favorite stocks right now and I was lucky to get into this stock in the low $8.

Good luck everyone and happy trading!

AMRN at a good Level

Congratulations to those that added to AMRN on its recent dip. I know I'm happy! I was a little disappointed that the stock broke below my previous trend line; I have the lower trend line adjusted in the chart above. Anyway here we can see that AMRN has made a nice turn to the upside. With stochastics and RSI recently oversold, the stock should show more strength and possible reach the $13 area, as I said in my previous article. I mean today it's already up $.63 (6%), such a nice pop. Tomorrow I'm hoping for more strength, but we could see some side ways movement. The Parabolic SAR should go below the stock price soon to confirm the uptrend, and we should see the Bollinger bands expand soon.

Good luck everyone and happy trading!

Basil Scallops and Brown Rice

Tonight was a crazy night. I ordered the Nike+ FuelBand for my fiancee's birthday. It supposedly arrived today at my door, according to UPS's tracking information. I came home and it wasn't there. I had to make a bunch of calls, and it looks like I may be getting a replacement. After that was all said and done, I needed to make dinner.

I decided to cook up some brown rice with scallops and pesto. I had frozen scallops that I bought from Trader Joe's and had them defrosting in the fridge during work. I made 2 cups of brown rice, made sure it was rinsed really good in a strainer. I then added 4 cups of water into a pot, and dumped the brown rice into it. I put a few thinly slice garlic cloves into the pot and about 1 oz of olive oil. I put it on medium heat and let it cook for about 45 minutes. When the rice started to boil, I lowered the heat to a slow simmer.

In a pan I put about 2oz of pesto that my dad made. I let it heat up for about a minute on medium heat.

I added the scallops into the pan and let them cook between 6 and 8 minutes on each side. Meanwhile, I made a martini.

Simple recipe was used, one shot of vermouth, and two shots of gin. It was mixed up with a few cubes of ice and poured over three olives. Enjoyed it while cooking the scallops.

After cooking the scallops on each side for about 8 minutes, you can add a few cut up pieces of dried chili peppers to spice up the dish a bit. Let the scallops cook another minute while constantly flipping each of the scallops.

Now it is ready to serve. Put a few scoops of brown rice in a dish and place some scallops over top of the brown rice. Pour some of the pesto sauce over the scallops and brown rice.

Enjoy everyone!

AMRN getting ready to show strength

Wow! The AMRN chart looks really good right now! Stochastics and RSI are at oversold ready and are already starting to turn back up. The lower trend line was recently broken and the price almost came down to the 200 day moving average; that was very disappointing. Today we saw some strength though, which makes it a really good entry point for you traders. I think we may see $13 really soon! The long term price target on AMRN is $24. I'm holding this one until then and adding some shares on each dip. Good luck and happy trading!

AMRN almost touching Lower Trend Line

AMRN is almost touching that lower trend line as we speak; only a few cents away. This could be a good position to get into, I would continue to wait for Stochastics, MACD and RSI to turn up first. Going to be keeping AMRN on my watchlist to try and find a good position.

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More on AMRN - Read Article

Market update Monday May 14

S&P 500 Heatmap

As seen in the S&P 500 heatmap above, all sectors were mostly showing losses. A few stocks showed some gains, such as Cisco, Yahoo, Chesapeake Energy; each of these showed +3% rise in stock price. The worst sector for the day was the financial sector, with stocks losing more than 3%.

The chart to the left is of the SPX (SP-500). It has been declining since May 1 and is now in oversold levels according to the Stochastics, MACD and RSI. There is no definitive trend line present, but it is still above the 200 day, which is still a good sign that it is in a uptrend, but it is below the 20 and 50 day moving average. This gives us a good idea that the overall market is in a downtrend, and that proved true with today's trading session. We can basically continue to see some more loss for a few more days. We will want to wait until we see some strength to get into new positions. This is where we need to wait for the Stochastics, MACD and RSI to reverse. Once it does, we have confirmation that the market is heading higher. However if the price comes down near the 200 day moving average and crosses it, we might be in a new downtrend.  

Bullish on VRSN

VRSN stock chart from freestockchart.com

VRSN (Verisign Inc) has been in a nice uptrend since the end of September 2011. Back then the price of VRSN was $27.50, now it is $40.31. The Stochastics and MACD were showing mostly over bought levels during its slow rise, but it has finally come down to over sold levels and it might just be a good time to get in. RSI is almost showing over sold levels. I also found a nice upper and lower trend line which I drew in and can be seen in the chart above. The Parabolic SAR is still indicating a downtrend, but that can soon change, wait for confirmation. Bollinger Bands are also looking tighter and should expand when the price goes higher. Another sign that this stock is in an uptrend is that the price is above the 200 day and 50 day moving average, but below the 20 day moving average. The stock price has almost hit the lower trend line and that's the area that needs to be focused on; between $39.80 and $40. There's a possibility it wont come down to that level and the stock will continue to show strength after Friday's .37% rise. This can be confirmed with volume, Stochastics, MACD and a RSI cross. Once VRSN turns back up to the upside, we can expect a price anywhere in the $44 area. However, if VRSN comes down to the lower trend line and crosses below it, we may be in a new down trend. What I like to do is take profits once that price of the stock has increased a $1 from the initial purchase. If the stock still seems bullish, I stay in longer after verifying it's still safe to hold the stock. Remember to set up stop losses, they really help! Good luck and happy trading!

New article on stock ticker symbol MSFT.
New article on stock ticker symbol NVDA.
New article on stock ticker symbol LVS.
New article on stock ticker symbol LUXR.
New article on stock ticker symbol AMRN.
New article on stock ticker symbol OC.

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MSFT A Good Time to Buy

MSFT stock chart from Freestockcharts.com

MSFT (Microsoft) has recently setup in a good buy area. MSFT has been on a steady incline since November 2011 and has come down to a nice level this week. Stochastics and RSI have crossed to the upside indicating this stock is ready to show some strength. MACD is still horizontal but looks like it'll soon turn up. MSFT is above the 200 day moving average, but below the 20 and 50 day moving average; it's really close to make a cross above soon. Parabolic SAR is indicating there is still a downtrend and Bollinger bands are getting tighter. We may still see some sideways movement before it starts going higher an maybe even a small pull back from Friday's nice move up. If it decides to pull back we may see it come down somewhere between $30.50 and $30.20. The upside of MSFT can be really rewarding, with a short term price target of $33, and analysts have placed a 12 month price target of $37.

If that doesn't get you excited, MSFT also pays its investors a 2.57% dividend yield, that's $.20 per stock each quarter. Microsoft also owns a small share of Facebook, about 1.6% or $1.36 billion. With Facebook's upcoming IPO on May 18th, lots of people are going to try to get in on the action. There's a pretty good chance that FB (Facebook) will do well in the future, which could positively impact Microsoft's stock. Good luck and happy trading!

New article on stock ticker symbol NVDA.
New article on stock ticker symbol LVS.
New article on stock ticker symbol LUXR.
New article on stock ticker symbol AMRN.
New article on stock ticker symbol OC.

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NVDA Ripped today!

NVDA stock chart from Freestockcharts.com

Today NVDA (Nvidia) reported their Q1 earnings and when looking at the chart above it's obvious they did good. NVDA did better than expected by analysts, their sales for Q1 came in at $925 million while analysts were expecting $916 million. I'm still surprised as to why this stock is still so cheap with all of those smart phones and tablets rocking Nvidia tegra chips. When the mobile gaming industry picks up, we may see more action with Nvidia as they are a leader in video and graphics.

In the chart we can see a definite trend going on. I have the lower and upper trend lines drawn in to show that the price of this stock has been bouncing in this small channel for about 3 months. It is currently in a down trend, but that may soon change. With the recent momentum thrown back into this stock today we may just see a break above the $14.10 ceiling, and if that does happen we might just be in a new uptrend. Stochastics, MACD and RSI are showing positive signs that this stock should be headed north. Once it gets back up the $14.10 area, you may want to take some profits; it may go back down from there, but there's a good chances it'll go higher. Bollinger Bands are okay, and the Parabolic SAR is showing a new uptrend.

If the $14.10 area is crossed, expect NVDA to break resistance and start a new uptrend. Make sure you take profits and have a stop loss set. Good luck and happy trading!


New article on stock ticker symbol LVS.
New article on stock ticker symbol LUXR.
New article on stock ticker symbol AMRN.
New article on stock ticker symbol OC.


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NFLX Possible Double Bottom Reversal?

NFLX chart from Freestockcharts.com

Today NFLX (Netflix) had a really great day, it traded as low as $72.49, as high as $78.39 and closed at $77.38. That's a pretty good pop if you ask me. Now we all know this stock hasn't been given any love and has been declining for the last year. In the chart you can see the Stochastics, MACD and RSI  are just about crossing to the upside, meaning this stock can move up even higher soon. Another thing that strikes me about NFLX is the fact that it just did a double bottom. I know that it's not a perfectly straight line as it should be to have a confirmed double bottom, but it's pretty close. All this means is that this stock could reach the mid hundreds soon and that's obviously a good thing! Only thing that concerns me is the Bollinger Bands and the Parabolic SAR, they both still say downtrend to me. Other than that, this stock is looking ready to buy. 

This could be the turn around for this stock to get it back on its path to $300. Let's not get too crazy though, for the short term we can see a future conservative stock price of $100 and a riskier price of $150. Good luck and happy trading!

What do you think, can Netflix turn their business back around?


New article on stock ticker symbol NVDA.
New article on stock ticker symbol LVS.
New article on stock ticker symbol LUXR.
New article on stock ticker symbol AMRN.
New article on stock ticker symbol OC.


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OC Good Entry Point

Chart provided by http://www.freestockcharts.com

OC (Owens Corning) specializes in glass fiber material and makes homes more energy efficient. OC has come down to the lower trend line on May 9th and may turn the current stock price to the upside. It has been consolidating for the past two weeks and the bollinger bands are starting to look too skinny. They need to widen out a bit, meaning the stock price should go higher. The Parabolic SARs claim there is a current uptrend present. Stochastics, MACD and RSI aren't showing oversold levels yet, they are at their mid point. With the confirmed lower trend line present, we can expect a bounce off of it, with the stock price reaching as high as $40. This is still a risky play, I would much rather see Stochastics and MACD line up with the lower trend line. But if we see a cross in Stochastics and MACD within the next two trading days, I would say we have a confirmed a price rise towards $40.

Estimates from Fidelity.com

From the Fidelity.com estimates page for OC we can see that Owens Corning earnings are bouncing up and down each quarter. Estimates for the next quarter have them at $0.68 per share. On 10/26/11 their earnings were $0.90 per share, increasing the price from $27.24 to as high as $31.29; in one day! Owens Corning is expected to announce its earnings for Q2 on August 1st. Before then we can expect a nice pop in the price of this stock. House sales are still not where they used to be, but OC has got the product for new home builders. At $33.15 OC is a cheap stock and is a great play.

Let me know what you think about OC. Do you think the housing market will pick back up in 2012 or will it  continue to decline?

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LVS Stock Analysis and Outlook

LVS (Las Vegas Sands) owns and operates casinos in the United States, Macau, and Singapore. When I first researched this stock back in 2010 it was only in the $20s, now it's trading at $52.20. Quite a great investment if you got in back in 2010. But is it still a good stock to get into now? Let's check out the chart below.

LVS chart from www.freestockcharts.com

With the lower trend line we can expect this stock to come down another $4 to the $48 level. According to the Parabolic SAR, this stock is still heading down to a lower price. Parabolic SARs are the white dots above and below the stock price. When the dots are above the price, the stock is in a down trend, when dots are below the stock is in a strong uptrend. The Stochastics, MACD and RSI all indicate this stock is oversold and is ready for more buyers to come in. Stochastics and RSI both show lines moving horizontal and almost turning to the upside, which is a good sign this stock might be ready to head higher. MACD is just about horizontal and may turn soon. When trend lines and indicators all match up, that is your best bet for a great entry point to go long. The trend line is not really set in stone just yet, but if it touches that lower area and turns to the upside along with the indicators, then we have a confirmed trend line set. Also, the 200-day moving average is near the bottom trend line. A $4 drop in price from the current price is a long way and could take a few more days, but if we have confirmation of a turn around with the indicators, then it would be a great time to get in this stock. The near term price of this stock could reach the mid $60s.

LVS has exceeded estimated earnings for the passed 2 years, not including Q1 in 2011, where it missed estimates. Additionally it boosted its revenue to $2.76 billion from prior years earnings, that's a 31% increase from last year. 

What do you think, will it head higher or will 2012 be a bad year for the casino business?

New article, is LUXR just another Penny Stock or is it a great investment?

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Is LUXR a great Investment or just another Penny Stock?

All I've been hearing lately is get into "Flash Sales Site" stocks such as AMZN (Amazon) or LUXR (LuxeYard). AMZN is way too expensive, but it's a really great company. LUXR is a really cheap stock, but is it really a great company to invest in? If you haven't heard, LuxeYard is a new members-only site offering customers cheap deals on luxury home items. In fact, LuxeYard is so new that it launched in January, and get this, in April it hit 600,000 members. LuxeYard expects to reach the one million member mark by June. What does that say to me? They're doing something right. It took Facebook about 10 months to achieve 1 million users, while this small Flash Sales site might do it in half the time.

LUXR stock chart showing price, volume, MACD, stochastics and RSI.

LUXR is a penny stock at the price of $1.84 as of today's close. It hit a high of $2.32 on May 8th, that's over 100% and in such a short time. Looking at the chart above we can see that LUXR has hit the lower trend line that I drew in and it has hit the upper trend line perfectly for the passed month. When only paying attention to the lower trend line touch, I would expect the stock price to pop right back up. But when we focus on the other indicators, stochastics, RSI and MACD it tells a different story. With LUXRs recent rally, and its overbought status we can expect the price to come down even lower than what's plotted with the lower trend line; somewhere between $1.40 and $1.60. Don't get me wrong though, no one can predict future stock prices. I use my indicators in the chart to try and predict what's to come in the future; and it is tough to do with penny stocks.

Enough of the technical analysis talk, let's get into what LuxeYard is actually doing that could increase the price of this stock. First off, LuxeYard is acquiring companies left and right to add to its arsenal. Just yesterday LuxeYard acquired LeatherGroups.com, adding more merchandise to its database for sales. The CEO of LuxeYard created an acquisitions team, which can only mean they are eagerly trying to expand their company to make more money. Speaking of acquisitions, LUXR might just be a takeover target itself if it continues doing great things; which would blow this stock up!

So is LUXR a good stock to get in right now? I would say, it is a great opportunity to get into but there is some risk involved. I personally got into this stock yesterday and I am already down some, but I have a strong belief that LuxeYard can stay profitable and grow its business over time. Do your own research and you will be rewarded!

So what do you think, will LuxeYard make profits and drive stock prices up? Are you going to get in early while the stock is still cheap? Let me know in the comments section below.

 LVS stock analysis in my new blog post!

AMRN still your Best Bet - Stock Outlook

I've been in AMRN (Amarin) stock since February and have already made a nice 38% profit. With yesterday's posted Q1 losses, people might think it's time to take profits and run. Before you do that, clear your mind, think and remember. Amarin has got a great omega-3 product called AMR101 that's going to blow away any competitors high triglyceride product. Their studies have proved that it lowers patients high triglyceride levels better than any other products out in the market. I know it's been a bumpy road along the way due to patent issues, but that can't stop this stock, so stick around.

In the past year AMRN has been as low at $6 and has been as high as $19. I can tell you that I made a nice profit in 2011 and I'm looking forward to making an even better profit this year. I like to use stock price history to determine a great entry point in a stock. That's exactly what I did to get in and out AMRN each and every time. While studying a companies stock chart, I like to focus on stochastics, MACD, bollinger bands, RSI, trend lines and candle sticks. See chart below.

Screen shot of AMRN from http://www.freestockcharts.com

Noticing trend lines in a stock is a really great way to determine future stock prices. As of today, AMRN is following a new trend line, due to its recent rally. At the time of this posting, AMRN has been slowly coming down due to its overbought status, according to the stochastics, MACD and RSI reading in the chart. When trend lines are in place we can expect the stock to come down to the $10.70 level, which would give us a good entry point. When looking at the bollinger bands, we can see that the bubble is expanded and this is not a good sign; we can expect the stock price to drop more. When the top line and bottom line of the bands are more contracted, there is a better chance for AMRN to shoot back up as it did the previous two times. Another good sign that this stock is in an uptrend is that the 50-day and 200-day moving average is below the current stock price.

Within a few days, there's a possibility AMRN will come down even further from the current $11.48 price to around the $10.70 level. Once it hits that level, we can expect a nice rally back up where this stock belongs; around $13 (short term price target). AMRN is also a potential take over target due to its great product, so look out for that. Banks have put a $24 price target on AMRN, so get in while it's still a bargain!

New article on stock ticker symbol LVS.
New article on stock ticker symbol LUXR.

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