Friday, April 29, 2011
$CL 85.00 High for the day?
CL up over 2% today with upgrades after results yesterday. Yesterday was up around 3% . DOes that volume bar where it reaches 85.00 indicate a near term top? Shortred at 84.80.
Thursday, April 28, 2011
$WTW Shorting it.
-$WTW has been on a tear since last posting results. Yesterday there was a nice red candle on the daily chart showing the largest daily loss since last posting results; and this on a day the market was reaching new highs.
-Today it has recoverd most of the loss, but I am betting its a dead cat bounce and shorted at 77.90 close to the opening level of yesterday´s red candle.
-Today it has recoverd most of the loss, but I am betting its a dead cat bounce and shorted at 77.90 close to the opening level of yesterday´s red candle.
Wednesday, April 27, 2011
Tuesday, April 26, 2011
Monday, April 25, 2011
Thursday, April 21, 2011
Wednesday, April 20, 2011
Levels for $INTC and $IBM "predicted" successfully. $study
-I charted/posted trading levels for $INTC before the market opened and for $IBM before their results yesterday.
-I posted 21.35 as a resistance level for $INTC and so far the top has been 21.34 .
-I posted 162.25 as a support for $IBM before their results...and so far the low has been 162.19.
http://jpotrading.blogspot.com/search/label/%24IBM
http://jpotrading.blogspot.com/search/label/%24INTC
-I posted 21.35 as a resistance level for $INTC and so far the top has been 21.34 .
-I posted 162.25 as a support for $IBM before their results...and so far the low has been 162.19.
http://jpotrading.blogspot.com/search/label/%24IBM
http://jpotrading.blogspot.com/search/label/%24INTC
$INTC Trading Levels.
-On the long term chart not shown there is resistance at 22.30.
-Average rise in analysts price targets was $2.00
-EPS beat estimates by 28% , whereas earnings beat estimates by 11% .
-14 week instead of 13 week...relevant?
-Average rise in analysts price targets was $2.00
-EPS beat estimates by 28% , whereas earnings beat estimates by 11% .
-14 week instead of 13 week...relevant?
Tuesday, April 19, 2011
Levels for $IBM and $YHOO Results.
-IBM and YHOO reporting later...levels to help with the reaction. $IBM basically has no upside resistance.
$GPS 21.40 Strong Support
$GPS was downgraded to sell by Goldman, and with a very weak market did not break below 21.40 which shows up in the long term chart.
Monday, April 18, 2011
Saturday, April 16, 2011
$TIF What Japan Earthquake?
-$TIF suffered with the Japanese quake since about 20% of total revenues come from Japan. However, unlike $COH (also around 20% revenues from Japan) it is now close to all time highs. Perfect shorting opportunity? The charts will decide....
$FL Trading Levels.
$FL was up 5% in sympathy with $FINL which was upgraded by Citibank.
-The most important support is around 20.75 which appears both in the long -term and short-term levels.
-21.50 , the close on Friday, is also a level in the long term chart and the key pivot level for now.
By the way, nice 3.20% dividend.
-The most important support is around 20.75 which appears both in the long -term and short-term levels.
-21.50 , the close on Friday, is also a level in the long term chart and the key pivot level for now.
By the way, nice 3.20% dividend.
Thursday, April 14, 2011
Monday, April 11, 2011
$TPX Will $58.00 be re-tested?
$TPX opened and traded above the 58.00 level I had indicated as important earlier. http://jpotrading.blogspot.com/2011/04/tpx-5800-pivot.html . It quickly re-established the downtrend from Friday.
-Will be looking at how the narrow range it traded through most of the day (55.70/56.18) is resolved. Considering the general market was weak in the afternoon and $TPX established the low relatively early, I am leaning for a re-test of 58.00 .
-Will be looking at how the narrow range it traded through most of the day (55.70/56.18) is resolved. Considering the general market was weak in the afternoon and $TPX established the low relatively early, I am leaning for a re-test of 58.00 .
$ANF Breakout Canditate
$ANF traded strongly in a weak day, closing at the highs. Will it breakout through the 69.50 level and hold?
Wednesday, April 6, 2011
Tuesday, April 5, 2011
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