Search This Blog
Thursday, September 6, 2012
trades... AET, IBM, QCOM, SP500
- A health care stock discounting over 30% earnings reductions, recently saw its technicals firm up. Its pulled back from its attempt to break out. Looks interesting for a move towards 42.
If it can not hold the SMA support, it will probably test 37.
- After testing its resistance, IBM has pulled pack. After this test, that negative trend should be breached during the next test.
- Sitting on daily and weekly support.
- The market has eased from its overbought condition, and technically is interesting here. However, the Employment Number is on Friday. T
his number has led, and will continue to lead the market
. (Allowing for higher or lower multiples.)
Although I am expecting a decent (in-line) number. Prudence dictates to add protection tomorrow, going into the Friday number.
Share to Twitter
Share to Facebook
Share to Pinterest
Post a Comment
Post Comments (Atom)