$DECK 97.00/97.50 Now Resistance

$VMW 102.80 Resistance Intact.

Today´s high , so far 102.70

$GMCR 105.72 Key Level Now

$RIG 61.50 Must Hold. Becomes Interesting Above 65.85

$TGT 50.25 Important Pivot.

Note to Self on Buying Strong Stocks $TPX , $QCOR

For the hundred millionth time man, buy strong stocks on pullbacks...not when they are making new highs. That way your stop-loss can be much smaller AND you will be in the stock as it makes new highs. I made money in $QCOR and lost in $TPX. Could have made so much more just by following that simple plan. Concentrate man!!! Bad Boy!

$AMZN 220.20 Held Beautifully. Can it Move Above 223.40?

$MCHP 33.50 Now support? Above 34 Likely?

I had previously mentioned 33.50 as possible fading level for MCHP...but it now looks more like support than resistance.
 http://jpotrading.blogspot.com/2011/07/mchp-fading-moves-to-3350-area.html 

$UPS 69.90 Held Three Times Today.

$YHOO 13.50/57 Held.

Breaking This Triangle to the Upside? $AMZN

A benign market this afternoon should allow for a re-test of 227 level.

$FFIV Test of Low Nineties Likely?

$VMW 102.80 Must Hold

Levels $CMG

$CMG Perfect Triangle Yesterday. Now What? New Highs?

$UTX How Will This Triangle Resolve?

$WYNN Not Impressed...Until Above 165.30 Again.

$MOS Resistance 70.00; Must Hold 68.20

$MCHP Fading Moves to 33.50 Area.

$HOG Resistance 44.75 or Support 46.00 ?

$IBM Levels Should it Disappoint.

$COF Trading Levels

European Debt Load Perfectly Manageable. $$

Portugal, for example, has a debt/GDP ratio of let us say 150% (it is less) ; and a budget deficit of 10% of GDP...like the USA. Assuming Portugal to be a family with a $40 000 annual income implies this family has $60 000 in debt and is spending $44 000 per year.

To get this family´s finances stabilised, all we need to do is cut expenditure by 10% or $4000 . How hard is that? We all could easily cut our family budgets by 10% ...we might not like it but we certainly would not be defying any law of physics.

(A country whose government cuts spending aggressively faces GDP contraction, but a government can also give itself a "raise" by increasing taxes...so lets assume one effect cancels the other.)

$NVLS Like $MCHP;Bad Outlook. $33.45 Possible.

"He said the company is reducing its third-quarter shipments estimate to a range of $300 million to $340 million, down 5 percent to 7 percent from the second quarter. Revenue is now expected in the range of $300 million to $340 million, down 3 percent to 14 percent. Analysts been forecasting $359.7 million.
He placed the earnings estimate at 60 cents to 75 cents per share. Analysts had been expecting 87 cents."
AP

Like $MCHP carefull 10% short interest.

$MCHP Not Good. $31.80 Today?

The company now sees sales down 1.5% sequentially; previous guidance was for 1%-6% sequential growth. The company also said it now sees non-GAAP EPS of 53-55 cents a share, below previous guidance of 58-62 cents.

“Our net sales activity in the June quarter did not progress as we originally expected,” CEO Steve Sanghi said in a statement. “We are seeing broad-based weakness in our business due to a number of factors. In the June quarter, our automotive business was down significantly from the March 2011 quarter due to lower automotive production activities including supply issues from other manufacturers associated with the earthquake in Japan. We also believe that some of the revenue upside that we saw in the March 2011 quarter was the result of customers being cautious and accelerating purchasing activities to minimize supply chain disruptions. Therefore, we believe we were also impacted by the correction of that inventory in the June 2011 quarter. Additionally, our consumer business was soft due to poorer global economic conditions including high unemployment, high oil prices and the resulting low consumer confidence. The computing portion of our business was also lower than our expectations as we saw reduced purchases by multiple large customers in this sector.”  Forbes

$BIDU Trading Levels

$URBN Levels.

$HANS Top Reached at $84.00 ?

Pull Back Levels $DRI $YUM $MCD

Levels for $HAL $FCX $X

Pull Back level $CMG; Resistance $FFIV

Close to Major Resistance AND Did Nothing Friday $CRM $VMW