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.


$SBUX Long and Short Term Trading Levels


Wednesday, April 27, 2011

Thursday, April 21, 2011

$TIF Volume Showing Stops Being Popped at 67.00.

Now have to watch to see if remains above 67.00...otherwise reversal.

$BBBY Surge in Volume Indicating a turn?

Surge in volume in the 5min bar 11:15/11:20 mean a turn?

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

$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?

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.

$GS Trading Levels

Long Term


Short Term


$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.


Saturday, April 16, 2011

5 Year Relative Perfomace $KO vs $PEP and $CL vs $PG


$DE Impressive Resitance...For Now


$COH 54.00 Important Pivot

$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.

Thursday, April 14, 2011

$PVH Breakout Candidate?

Acting well during these weak days in the geneal market....

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 .

$ANF Breakout Canditate


$ANF traded strongly in a weak day, closing at the highs. Will it breakout through the 69.50 level and hold?

$TPX 58.00 Pivot.

Wednesday, April 6, 2011

$ARUN 32.40 Now Resistance?


$HD 38.00 Important Resistance

$NFLX 247.50 Failure.

$NFLX broke through the important 247.50 resistance yesterday, but it failed.

$WFC 32.30 not pierced.