Last week S&P touched 1592.64 and then pulled back and closed at 1582.24. Some stocks did recover from the lows but the strength was not strong enough. (Please read my previous post). This week market looks choppy at least till…
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Monthly Archives: April 2013
After making high of 1597 (1595 was mentioned in previous post) S&P did retreat and made a low of 1536 on Thursday April 18th. I had sent out email on Wednesday April 17th that market is expected to bottom soon…
S&P made a high of 1597 on Thursday, April 11th. On Friday it retreated and closed at 1589. S&P may find itself stuck again in the range of 1595-1610 and then break upwards towards 1625-1630. 1625 target in S&P was…
An inside day is a candlestick formation that occurs when the entire daily price range for a given stock falls within the price range of the previous day. An inside day is often used to signal indecision because neither the…
HON fell from $76 to $72.50 level which is very strong support as shown via its trend line. After falling to $72.50 it rose 2 points and closed at $74.41 HON is expected to rise further upward towards $76.45 and…
CXO found support at 200-day moving average. Trader can go long either tomorrow at open if CXO continues its up move. However, ideal entry should come on retracement towards 90.75 level. Stop can be set below 86.50 as shown in…
S&P made a high of 1574 and failed to cross 1576-1577. On Friday, due to job report markets declined. S&P hit the strong support level of 1540 and closed at 1553. Once again S&P is trapped between support and resistance….