by Serge Berger | Jun 1, 2011 | Uncategorized
Note the key area the S&P 500 (and the other major U.S. indices for that matter snuck to this morning. It's hold or fold time here if you ask us. A bounce will become obvious if it happens and at that time we will look to names like Apple (AAPL)...
by Serge Berger | May 19, 2011 | Uncategorized
The S&P 500 chart gives us good reward/risk trades here. On the SPX itself stops can be placed near $1318 (Tuesday's low…which was also the 50 dma and 61.8% Fibonacci retracement), Upside targets as we see them are between $1380 and $1400,...
by Serge Berger | May 17, 2011 | Uncategorized
This morning Home Depot served up its latest earnings release and upped its full year profit forecast. Sales however were down…, expenses as well. Either way, the stock is up around 1.50% as of this writing and again touching on the critical...
by Serge Berger | May 16, 2011 | Uncategorized
On May 5th the top of the large 15 point up-gap from April 20th was tested but never attempted a fill. Last week Wednesday, Thursday and Friday the tape again felt heavier. We are thinking that should this April 20th gap again get tested it could then have...
by Serge Berger | May 10, 2011 | Uncategorized
Last Thursday the S&P 500 held right at the breakout level, 50% retracement, and 21 day exponential moving average of $1336. Friday's Doji candle and yesterday's constructive bounce (albeit on low volume) is making this chart look fairly stable...
