Finally on Thursday, March 28th S&P crossed 1565 and closed at 1569.19. In my blog post last Sunday I had mentioned the date of March 28th to watch for. First it was Dow Jones which made new high and now…
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Monthly Archives: March 2013
PH fell from $98 to $89 level which is strong support. Now buyers have taken over PH and it looks like PH will continue to rise towards $95-$97 level. I will be watching PH for long entry. Chart of PH…
AMZN found support at $252 level and ran up and closed at $266.50 which is its 50-day moving average. It is sitting pretty at this level and looks like it is planning to take another leg up towards $275 level….
CAT has been in downtrend since it hit $99 on February 1st, 2013. Yesterday it hit $86 level which is solid support and today it formed Harami candle which is bullish. It looks like CAT is planning to jump on…
CRM ran up during its last earnings period and went all the way to $187-$188 level. Then it sold off to $170 level which was its support. On Friday, March 22nd CRM announced 4-1 stock split and on this news…
In my post dated Sunday March 18th, I had mentioned support for S&P to be 1530. S&P future (ES) on Monday morning (March 19th) hit 1529.50 and rebounded to the upside. Since then S&P has been moving up and down…
The term black swan was popularized in a 2007 best-selling book by author and investor Nassim Nicholas Taleb. It derives from the ancient belief, once widespread in the West, that all swans are white—a notion that was proven false when…
DDD after falling to $28.00 level found support. After forming Harami candle it rose next day (March 21st). Today it broke the trend line to upside. This is bullish and I expect DDD to rise upward.
COST came out with good earnings recently. It got sold-off after earnings. Now it is rising once again and maintaining its rising trend-line.
EBAY fell from $57 to $50 and found support. On March 19th it gapped up and formed Morning Star pattern which is bullish. Since finding support at $50 it has been rising upward and expected to rise more in coming…