Lear Corp. (LEA) is sitting on support on the 21 day moving average(yellow line). This could jump up to $3.90(white line 200 dma) very fast, or down to $1.11(blue line 50 dma). I'd play it tight and use a stop loss at 1.40.
Tuesday, May 26, 2009
Lear Corp.
Lear Corp. (LEA) is sitting on support on the 21 day moving average(yellow line). This could jump up to $3.90(white line 200 dma) very fast, or down to $1.11(blue line 50 dma). I'd play it tight and use a stop loss at 1.40.
Umm Umm Good
Campbell Soup(CPB) is looking Umm Umm Good! It found support on the the yearly s1 pivot(blue circle) last month and had great earnings today. Looks like it has bottomed and now new investor's are coming in. First resistance is at $30, I would use a stop loss at $24.Monday, May 25, 2009
nothing has changed since last week
The S&P closed last week on the 21 day moving average, just like the week before. We are still holding support (the yellow line), and there is no sell signal yet. Resistance(sellers) is the white line(200 day moving average) at 935, and Support(buyers) is the blue line(50 day moving) at 850, in the coming week(s). We are currently in the middle of the two.Friday, May 15, 2009
S&P testing support
The S&P closed the week on the 21 day moving average (the yellow line on the chart). It was down 5% this week, which started on a full moon. Back in March, when the index went above the yellow line, it has stayed above it(21ema), during this 2 month rally. If it goes below this line, that will trigger a short term sell signal, and next support will be at 850/825. If we stay above this yellow line, the rally will continue to 935/950.Wednesday, May 13, 2009
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