 |
| Bullish | |
- Futures are slightly up this morning
- Few reports coming out today: Case-Shiller and Consumer Confidence -nothing major
- EUR/USD bounced nicely off of the 200 day moving average
- GBP/USD bounced off of 200 day and now headed to 150 day moving average
- USD/JPY fell through support and the 50 day moving average
- Market filled its gap yesterday and finished slightly up
- Bulls pushing for the 1260 price level
- Bears trying to get back to 1246
- Volume was light yesterday do to seasonality and the snowstorm
- Volume picture in the SPY below
 |
| Volume Decline in SPY |
Stock Watch
 |
| CSC |
Nice cup and handle pattern formed on the CSC with all three moving averages below adding support. Wait for a break of the trendline before entering.
 |
| LTC |
LTC had a nice breakout at 27.58 and is now hitting resistance and putting in a nice cup formation. Could see a handle being formed out of this, so if we don't get a break today keep watching in the days ahead. Conservative stop-loss would be below the price level of 27.58
No comments:
Post a Comment