Monthly Archives: October 2012

Put GILD On Your Short Watch List

The $65.90 (approx.) support level didn’t hold today. It could be a sharp sell off tomorrow, so be on the lookout. If and when it does come down, the next support is around $59. Disclaimer: I plan to buy short … Continue reading

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GOOG (Google) Freezes Trading On Unexpected Earning Report Leak

Google halted its trading today for 2 1/2 hours due to an early release of its earning report. The earning report showed GOOG missed analyst’s estimate on its quarterly earning, and the stock plummeted 9% before trading was halted. My … Continue reading

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Is Apple Ripe For The Picking?

If you have held off on buying AAPL because of its crazy new all-time high record prices, well, I don’t blame you. After about a month of profit taking on AAPL, today’s candlestick showed a possible trend reversal. MAC and … Continue reading

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AT&T October 2012 Prediction: $34 – $35 Range

AT&T (T) has had a week of sell-off and it appears to test it’s next technical support of $34 – $35 price range. If you are sitting on the sideline, put T in your watch list. And be patient as … Continue reading

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Watch Out For Falling Apple!

Late September 2012, we began to see a sharp sell off/profit taking on AAPL. See my earlier post on AAPL likely to fall under $640 per share. Today AAPL traded as low as $623.55 and closed at $635.85, approaching its next … Continue reading

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Watch Out For a Bullish CAT in October 2012

CAT had a really nice rally this morning and it made it look like it’s forming the 2nd leg of the W. Although it closed lower than yesterday, at least today’s low of $85.01 didn’t fall below the low of … Continue reading

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Prediction for GLD (SPDR Gold Trust Shares): Forming M Top

GLD is showing a very clear sign of weakening. The crossing of the MACD (Moving Average Convergence Divergence) also indicates a trend reversal. Put this ticker in your watchlist. My outlook for this ETF is bearish, although it could make … Continue reading

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GD Shows Ascending Triangle

You can draw triangles many ways, and this is my version of the triangle for GD (General Dynamics Corp): If you want to wait to get in, set a limit buy order at $66.25 (or $66 if you want to … Continue reading

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