Friday, August 12, 2011

$CSCO Relative Weakness After 11.00

CSCO went nowhere after 11.00....particularly in relation to $SPY. What does it mean? Just resting for another leg up or signalling that was as much of a pop as we´ll see?




Thursday, August 4, 2011

$VPRT 30.00 Key...Resistance or Support?

July 28 (Reuters) - Vistaprint NV forecast 2012 profit below market expectations citing higher investment expenses, sending the online design company's shares down about 30 percent in after-market trade.
For 2012, the company forecast adjusted earnings of about $1.58-$1.68 a share, below analysts estimates of $2.64 a share, according to Thomson Reuters I/B/E/S.
It expects revenue of about $980 million-$1.03 billion. Analysts were expecting $975.9 million. 

Tuesday, August 2, 2011

Monday, August 1, 2011

Wednesday, July 27, 2011

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