AGN - Allergan Inc

AGN

Biotech in slow uptrend. Things will be little turbulent when wave 4 will come.

SPX - not giving up

SPX

Big re-labeling. Nothing to do here.

Priceline inc

PCLN

One good guy asked me to make analysis of this stock so here it is... Elliott wave says $200 pull back is just around the corner. It could be sharp decline in case of flat correction takes place or another zigzag will come. But definitely this stock will see a new high some day, but it can take couple of years to get there. I just don't want to post long term outlooks for stocks in correction phases.

Apple update

AAPL

AAPL almost finished wave 3 of the downfall and poised for correction. Don't buy too much though as it could be flat correction and prices will just continue to fall. Wave 5 is expected to be the shortest one in this impulse formation. Current scenario will be invalidated if price will go above $505 mark.

CREE is slowing down

CREE

This crazy uptrend will stop in a couple of days and we will have ability to place shorts and buy stock later at better rates. Long term view (if you plan to hold the stock for the next year or more) is bearish.

Netflix update

NFLX

Nothing special here, slow uptrend

Long term future of Apple Inc

AAPL - Primary count

So Apple Inc. has future! There are two counts and both say AAPL will hit a new high.. Dates are messed up on chart (Motive Wave still needs to fix things in their software) but I think it will happen on summer of the next year.

But short term outlook does not look so uptrend... Price targets $200 area. Of course it will not happen overnight and not in one big move, we have a strong chance to see flat correction in this wave 4 because of alternation rule.

AAPL - Alternative count

Alternative count suggests that intermediate wave 3 is not finished and there will be much lighter pull back rather than $200. Maximum of this pull back will be $310, and more realistic target will be $360. But in general it is less likely scenario because this huge volume on chart wants to say where real wave 3 is.

SPX - wave 4 in progress

Wave 4 in progress. High chance to see triangle. If it comes out - signal for larger degree trend reversal.

SPX

Hight confidence that current downside impulse is just a correction because of 3 vs 1 ratio is ~100% as wave 3 is never the shortest one.

Zynga still plays

Zynga is much like Netflix here. At least 3 three-four's ahead of us.

ZNGA

Facebook - last race before correction

Facebook going to climb wave 5 now. Not sure if wave 4 already finished but time-price balance looks fine to me. Even if no impulse follows wave 4 we must have some pull back (wave 2 in alternative scenario or wave X).

FB

Trading strategy:  Buying near vertical spreads