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Sunday, August 3, 2014

Trades - $twtr $amzn $ibm $mon $qcom

twtr - looking for the 5sma and 42-43 horizontal support.

amzn - long term sma support.

ibm - interesting retracement. Should test the 197 level again, but 187-188 maybe first.

mon - at long-term support.

qcom - taking a beating, thanks to China's "monopoly" crack down, and low-end competition. Approaching levels that are of interest (high 15 trailing multiple). May see 67-69. (Makes for a nice entry near 69.)

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