Looking across the market I see a number of key stocks at support, further indication of an imminent market rally.
Altria (trend line)
INTC (Fibonacci confluence zone)
DISH (former resistance line)
IBM (former resistance line) Already bounced.
HD (former gap turned support)
What will drive the rally? How about earnings. A last hurrah I believe but hope you weren't short GOOG!
Odds seem pretty good for AAPL to get a momentum breakout.
Financials still look incredibly weak but I think they'll put up a fight. Don't bet on a head and shoulders for COF!
Not yet at least...
AXP (Trend line) A minor trend line to be sure but positive reversal (composite) indicates that this is good for a quick burst.
Come on Microsoft! Call it a bottom and buy RIMM already. 20% would close that gap.
Sunday, July 17, 2011
Subscribe to:
Post Comments (Atom)










0 comments:
Post a Comment