Fed Patience with "Same Outlook of Extended Period" of low interest rates
S&P500 STRONGEST PRICE RISE 2014 with 140% Bullish VolumeBuzz.
McClellon Oscillator up 66% heads toward normal
VIX Fell -17.5%.
Three signs we are very near an inflection point:
1) Market Gyration Signals Turning Point in the market:
$DJIA -100 +300 -300 = 700 point gyration
$VIX +2.5 -6 +4 = 12 points gyration
Crude Oil Price: down then up to finish up 2cents....total gyration $3.55 says marketwatch site
2) Oil stocks are oversold went green today some up 4%. Oil price stabilized and traders are beginning to scale in.
3) Russia in recent days is "making movement" out of Ukraine...Kerry today signaled "If Putin continues this movement toward peace, the West and US will quickly remove sanctions." reported Reuters News
Reported today by US Automobile industry which had strongest consumer retail demand since 2003.
Rising tide lifts all boats.
Buyouts proliferate. Large companies are cash and profit rich.
The iron is hot for a buyout of Zhone.
This similar phenomena happened last year as cyber revenue grows mix as a percent of total.
this was reported on CNBC fast money with Melissa Lee where Channel Advisor reported ebay grew 23.2% and Amazon grew 14.1% on cyber Monday. total market revenue through Cyber Saturday Grew 33%.
MACD on the 1 hour chart is Oversold and begun to Rise toward Positive for Optical Telecoms including ZHNE, CSCO, CIEN, EGHT, GLW, HLIT, EMKR, FNSR, EXTR
This is from Zachs upgrade of Micron a couple days ago...
The company’s product launches and growing demand for its products, particularly SSD products are expected to lead to a positive earnings surprise in the upcoming quarter. With these launches, we expect Micron to strengthen its market position against competitors like SanDisk Corporation (SNDK).
The company is also optimistic about supply/demand balance for DRAM and NAND memory chips in 2014, which should support prices.
When Zhone+Corning Announce the first Major Customer or Government Contract, this stock will spike.
Yahoo finance shows $4 PT. This stock should be at July CEO announcement price or higher. This company in much better position for optical growth than it was 4.5 months ago!
Watching for further partnerships and new customer sales. Sleepy skeptics will be caught flat-footed based on what this CEO has done in the several previous companies.
This news reported by Seeking Alpha site:
DRAM Contract Prices Increase In October Despite New Capacity Announcements: Good For Micron
Oct. 20, 2014 11:02 AM ET
•DRAMeXchange announced the settlement of October DRAM contracts, up 2.3% from September.
•Apple’s DRAM demand is expected to reach 25% of the total DRAM market in 2015.
•Micron is well positioned to take advantage of the continuing strength in the DRAM market.
The average price for 4GB DRAM contracts increased to $32.75 from $31.98 during the first half of October1.
US Economic Indicators Jumped higher and on an uptrend
Factory Index in Philadelphia Orders Rose, Hiring Plans rose at strongest since 1993
Retail technology leader Best Buy beat and raised Christmas outlook to rosy expectation
Intel beat, raised cash dividend, raised 2015 outlook, reported PC Cap Ex Corporations spending is better than expected.
Months of SNDK stock has rested in a flat spot....This is due for a breakout higher
Article on Koch Industries' buyout of Oplink indicated this is a new trend begun of Big-Rich-Corporations buying Cheap-Tech companies especially in this space. Is this Big Fish eating Little Fish a new trend? Is Koch on an acquisitions binge of cheap desirable technology ?
When a huge private company does this there is no stock discussion thread to talk about it and seems less scruitinized than when public companies do their acquisitions purchases.
Consumer Wages were Salaries Up 0.8% reported by Bloomberg News. This is the healthiest pay increase in 6 years and 4 months.
Bolsters Consumer Shopping and shows the underlying US economy is gaining strength for the next gear.
Zhone Balance of Power technical indicator which indicates Institutional Buying (Don Worden TC2000 tool) shows that Institutional Buying turned positive for Institutional Accumulation November 10-Currently.
The last time Institutional BOP was positive for Zhone was August 19-Sept 18 when its stock price was $3.15-$3.60.
This is Bullish Divergence for the stock, as the technical indication of Institutional buying selling is stronger than the stock price.