MOTR - Motricity Inc.

MOTR is at the end (?) of a very massive falling trend. In fact we can't state decidedly, that this is the end of the free fall. One year earlier the price was 32. Now, after a huge raise, the price is 2. But yesterday the paper did something rare: it formed a higher high (1), broke above the 50-day moving average (2) and exceeded the bottom of the previous base (3). The volume was big enough to be optimistic in short-term at least.
Naturally this brand new uptrend is quite fragile yet, but until the bottom of this big white candlestick holds, short positions should be avoided. Since the downtrend is (was) very dynamic, the correction upwards is expected to be similar. It means, that testing of the broad gap (see the chart) ain't gonna be a big surprise in the next days, although it implies 60-100% raise.

I think, that the top of the gap would likely stop the first wave, but if the positive market-mood holds on for some weeks, MOTR could also reach the next strong resistance at 7.50.
Below today's low (1.73), long positions should be dropped, because in this case the local minimum would probably be tested again.
The indicators also supports the possible uptrend. We can observe positive divergence both in instance of RSI and MACD.
The paper is very volatile, so you should trade very carefully, but i think, this is a good oppotunity to take some profit.

LNKD - LinkedIn Corp.

After the IPO in May, the volatility was extreme of course. Everyone was searching for the fair value of the stock. Now we can say, that the chart is long enough in time and we can analyze it. So let's do it!
 

We can identify some important level:

• the absolute high (above 120) and low (60),
• the top (110) and the bottom (70) of the range since July,
• the middle of this range (90).

In July the price moved in the upper half of the range, since then in the lower half. In the past five days it sticked to the resistance (90), just like s&p. It is quite probable, that it won't break out without the help of the broad market (although we shouldn't reject this scenario). But in a positive version (above 90), there will be huge space for the bulls. The one and only tough resistance is 110 and i think LNKD would cover this distance quickly (maybe in 2-3 days).
If the buyers can't pull it above 90 and the price turns down from last five days' range, then it will likely test the
support zone (70-72). Below 70, the outlook would be quite bearish.
But at first the resistance will be tested.

DLTR - Dollar Tree Inc.

The paper is close to the ATH (all-time high). It is very powerful! Although it fell almost 15% in August when the whole market collapsed, DLTR hit a new ATH in two weeks! Since then, it has risen another 15%. We can hardly find a week without new ATH.
And what's the situation right now? Last week the price exceeded the previous high. In the last five sessions it formed a narrow base between 79 and 81. That's absolutely bullish. So the long positions are held. If the price goes out to a new high again, the uptrend will likely proceed. But look out!

On one hand, the price is close to the top of a rising wedge, which is a reversal pattern with sharp correction generally. So in case of increasing long position above 81, tight stop-order is advised! On the other hand, if we look at the weekly chart, we can see, that DLTR nears the top of the rising channel and it may limit the potential of the raise. I have to admit that this limit doesn't necessarily mean the end of the current upwave. The movement of this stock is specifically well-balanced (see the weekly chart) and a similar price-action is easily imaginable again.

To examine the bearish side as well: below 79 the course will likely test the trendline at 76. Out of the wedge, the 50-day moving average and the last local minimum together (the 72-72.5 zone) may hold the price. Below this support 70 and finally 64 (65) could stop the sellers. Latter support is the actual level of the long-term trendline (the bottom of the weekly channel).
If the market (s&p) breaks out of its range, then DLTR will probably lead the raise. (Moreover, it marches incessantly without the help of the broad market.)

DEPO - DepoMed Inc.

After Thursday's pretty raise DEPO started the last session with a huge gap down because of the bad news. The price tested the bottom of August right after the opening and it proved to be the daily low (4.45). The buyers pulled the price back up quickly, but they were unable to fill the whole gap in (70 cent remained untouched above 5.24). Finally it closed at 4.94. It means, that it couldn't close above its main resistance.
If DEPO exceeds this level, than the price may continue the filling of the gap, although it has to overcome the 50-day moving average first at 5.66. Above the 50-day MA, the top of the gap and the local highs are the main resistances (around 6.50).

On the other hand, below 4.50 a huge space would open up for the further falling trend. In this case we must examine the weekly chart in order to find the supports, where the short positions should be covered. In my opinion, 4.00 would be only psychological support. Below that, the price could probable fall quickly down to 2.5. This level meant support many times in the past. I think, that it could hold the course even in this bearish scenario.

Briefly: the outlook is bearish. Below 4.50 i won't keep any long position. The picture is a bit prettier, if DEPO returns above 5 and can stay above it for some sessions. To tell the truth, the prospect turns to bullish only above 6.50.

CX - Cemex S.a.

Huhh... What a massive falling trend and what a reversal!
I have some personal involvment in this paper. I'm playing in my former company's soccer team and Cemex is one of our greatest opponent. Their team is much stronger than the chart below. :) Although even it improved a lot in the past days.

Let's see the chart!
In August and September (after 40% freefall!) it formed a descending triangle above 5. After breaking down from this bearish pattern, the freefall continued. A pretty bearish flag unfolded and the price halved again! On the day when S&P reached a broke down from its range and bounced back, CX also performed a definite reversal. In the first week of October it evolved a reveral pattern (spike). The top of its platform was slightly above 3.
This Wednesday the correction proceeded and CX rocketed almost 30% in 2 days. Yesterday it reached the first resistance: the top of the (filled) gap stopped the raise. At least for that session. In order to find a good setup, the volatility should decrease. If CX could form a consolidation range between 3.30 and 3.90 in the next days, than a break above 3.90 (4.0) would be a very good opportunity on the long side. Although we have to admit, that it must overcome several resistances.
The first is located at 4.50 where the 50-day moving average is found. Breaking above the MA would be a great success. In this case the bottom of the triangle around 4.90 and the top of the same pattern around 5.80 would be reachable.
As i mentioned above, 3.3-3.35 should hold the price. Below this level, the top of the spike's platform above 3.0 would be the last level, where holding the long positioned is acceptable. The fall of this support would be a perfect short-setup. The test of the local minimum deep in the abyss would be quite probable in this scenario.

Indicators: we can see positive divergence both in case of MACD and RSI.  These are bullish signals. The MACD-cross also supports a positive scenario. The volume yesterday and on Wednesday was extremely high. It means huge inflow to the stock. And since it appeared within the 4-9 period after the bottom, we can regard these days as real FT-days (follow through days). Until the price is above the bottom of Wednesday's candlestick, the stock is in long-mode.

CBST - Cubist Pharmaceuticals

Much stronger than the market-average. In the first round of the panic (August) CBST broke down from a head and shoulders pattern and although it had 3 weak sessions, it bounced back quickly. It showed some definite bullish signals in this sharp correction:

• The price reached the edge of the huge gap (from April) and it turned back up without the fill of it.
• It was close to the 200-day moving average, but the long-term bull remained intact.
• Meanwhile the main indices hit new lows in September, CBST produced higher highs and higher lows.

Now we can see a reversed head and shoulders pattern on the chart from June and the price is sticking to the neckline. Look the trendline from March! It pushes the price up, and the area lessens in this base for further sideway movement.
If CBST turns down from the resistance, the 34-34.5 support zone (strengthened by the 50-day MA) will likely hold it. Although there is enough space above the trendline and below the resistance for some weeks, but if it wants to be/remain one of the leaders in this market-upwave, then it should break out soon. Above 38, there are no resistances. Counted from the fibo-lines and the extent of the pattern, i think that 43.5, 47 or even 50 would be reachable in some weeks (after the breakout).
The perspective becomes neutral below the trendline and bearish below the local minimums around 31 (and 200-day MA).

ADBE - Adobe Systems

Today ADBE reached a very important level. I think it's useful to have a look at its chart, because it seems to be a good entry point. Let's see why!

Weekly: In the last two years, ADBE formed a perfect double top. In July it broke down and since then it shaped a perfect consolidation-range (22.7-26) below the neckline of the above mentioned pattern. Until the price is below the neckline, the continuation of this downtrend is threatening. Below 22 the picture is simple: nothing but short. Until ADBE is in this range, graciously we can call the status neutral, although i'd rather call it bearish. But if it could return above the key-level, the perspective is much brighter. Above 26, the next tough level is 30. There can we find many strong resistances.
Below 22.7 further sharp falling is expected. Although 20 may hold the price in this case, but i think, the chance of testing 2009's low would be quite huge. But now, we should keep the gunpowder dry for the optimistic scenario.

Daily: ADBE reached the top of the range again (it's the fifth occasion since August), and this time it means touching the top of the falling channel as well. So it's an important level. In the last 4 months this is the very first time when ADBE closes above the 50-day moving average. As we can see below the chart, MACD also gave a buy signal. So the picture is not bad, but there are some things that makes the breakout doubtful.
Despite today's excellent market mood it couldn't exceed 26, and turned down from the resistance (although it closed not too far from it). In the last 5 days it rose 10% without any consolidation, and it means, we can place the stop-loss level fairly far from here.
Briefly: there are positive and negative signs too. It's a good price for opening short positions, because in case of a breakout, we can use tight stop-orders and turn our position to long. The first short-term support is below 24.

ORCL - Oracle

Oracle seems to be stronger than the average of the market (S&P or Russel), so it's deserving to have a look at its chart. For about six months it is moving in a descending channel, but in the last weeks it formed two short-term higher lows and higher highs. So in short-term it's in uptrend!

30.5 was strong support until ORCL left in the beginning of August. Afterwards it fell almost 20%. Since the middle of September this Friday was the third occasion when the exchange rate reached this important level again. Longers may trust in the rule of four (the fourth attempt is generally successful.)

When we examine the chart, we can see arguments on both sides. The price is below the 200-day moving average (long-term bear), but above the 50-day MA (medium-term bull), it's below 30.5 and within the descending channel (bearish), but it sticks to both resistances and it's in a short-term uptrend (bullish).

Last week it rocketed 10%, so it would be desirable to shape some lower volatility day close to the resistances, because in this case the stop-loss orders could be lifted much closer to the level of a possible breakout. If the price exceeds 30.5, then (the 200-day MA at) 31.44, 32.55 and 34.0 would be the main resistances below testing the high of May (above 36).

If the price turns down again from the channel-line, then the 27.5-28 zone should hold the pressure of the sellers. If these supports fall, then 25.7 and the low of August (24.7) would be quickly reachable.

Briefly, the perspective is a bit brighter than the big picture of the market, but we shouldn't advance the breakout, because the market-mood is quite fragile.

Soybean Oil Future

At the end of September the soybean oil broke the support-line of the long-term top at 52.65. Afterwards it tested quickly this important level and turned down again. We can find the next support level quite nearly, around 48.50.

I think, this support should hold and stop the first attack of the sellers, and in a little bit more durable positive mood of the markets, the price could bounce from it. The minimum expectation in this case is the retest of the above mentioned resistance (52.65). Over it, a much stronger resistance could stop this possible rise around 54.50-54.80. In my opinion this level is to tough to bear down for a long time, and it would push down the price. It would be a great opportunity for opening short position.

On the other side of the strong support (48.50), the scenario is testing of the longer term trendlines in the 45-46 zone, and around 39. The latter level would be a good long-term setup (see the second chart).

The third chart shows a possible interpretation of the Elliott-waves. The first 4 waves are complete. The big question is whether we saw the fifth to unfold (and the soybean oil shaped a quite rare truncated fifth wave) or the long-term upwave is still in effect? To answer this question, the price has to leave the 40-60 zone.

F - Ford Motor Co.

First of all, have a look at the weekly chart! We can see, that it formed an almost 2-year top. Ford started this week with a definite breakdown of the 9.8 support and this attempt seems to me quite authentic. In september the price once left the support downwards, but the buyers pulled it back above the critical level. They could think, that it was a false breakdown. But the course is back again in the dangerous zone. And i think, this second attempt could be successful.
On the weekly chart the first tough support can be found at 9.07, where the 200-week moving average may stop the falling. Below this support, the bottom of the falling trend-channel could be the next stop (well below 8.00), but in my opinion, the really strong support is only the 6.50 level. It may say stop for the sellers for a bit longer period. In order to cancel this scenario, the buyers should pull the price above the left support-line quickly, and break above the top of the falling channel. In this case, the price could reach 11.5 or even 12.5.

Daily: new closing-low. It predicts the continued falling trend. For the short-term turn-round, the price should rise above the resistance and the steep falling trendline. In this case, the 50-day moving average and the gap around 10.7-10.8 could be achievable. For the break-through of these strong resistances, the buyers should mobilize all of their reserves.
(The cross of MACD also confirms the bearish scenario.)

BAC

BAC (Bank Of America Corp.)
It is in a massive falling trend, miles away from the long-term moving averages and trendlines.
In the last weeks, BAC formed a strong support-level at 6.00, but while in August the price could rocket from it almost to 9 (50% in 3 days !), last week it reached the support again. The second bounce from 6 was much weaker: BAC could only test the resistance at 6.80, and it turned down sharply. Now the price is slightly above 6 and the steep falling trendline presses the course downwards.

The outlook downwards:
Below 6 the downtrend will refresh, and the price will dynamically continue its way toward the bottom of 2009. 5.00 is only a psychological support. BAC could find a much stronger support arond 4, where an opened gap is waiting for filling in (3.75-4.10).

On the other side:
If the support holds, the buyers may be a bit more optimistic above 6.80, where the price would shape a higher high after a higher low. In this case the 7.50-7.90 zone could be achievable, where a gap, local highs and the sharply falling 50-day moving average would try to interrupt the uptrend.

Briefly: the way downward looks much easier.