Tuesday, April 19, 2011
Levels for $IBM and $YHOO Results.
$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
Wednesday, April 6, 2011
Tuesday, April 5, 2011
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