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Tuesday, May 5, 2015

Charts $fb $amzn $bac $ibm $trxc

FB - if market weakness persists a flush to the 50sma can be expected.

AMZN - holding strong through out the day, except for the last few minutes. Want to enter near 410-418.

BAC - daily broke out, now we rest on weekly resistance via the 38sma. Once it breaks, the next stop is low to mid 17s.

IBM - closed the gap and sma resistance. Waiting for a pull back to 165.

TRXC - looks mighty interesting here. In the mist of a pull back off long term resistance. A break leads to 6-7.

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