Monday, April 21, 2008
DJIA - 24.34, -0.19%
SP500 - 2.16, -0.16%
NASDAQ Comp. + 5.07, +0.21%
Russell 2000 - 3.07, -0.43%
Oil 117.48 - record high close
The DJIA and Nasdaq 100 ($NDX) both traded above their horizontal resistance area. The S&P, Nasdaq Composite and Russell 2000 each traded below resistance again today. Technically the indices appear to be getting stronger and we do not have an intermediate term uptrend until the indices break resistance and stay up resistance.
Earnings:
BTU – 4/22
AAPL - 4/23
AMZN – 4/23
POT - 4/23
BIDU – 4/24
DECK – 4/24
CF – 4/25
MEE – 4/25
AGU – 4/28
V – 4/28
FSLR – 4/29
MA – 4/29
GRMN – 4/29
CLF – Stock Split 2:1 on 5/16
Today’s Action
Breakouts
AAPL, FWLT, MON, RIMM
Moving Higher
AGU, BIDU, BTU, CF, FCX, FSLR, MA, MEE, MOS, MTL, POT, SLB, V
Pullbacks
CLF, DECK,
Intermediate Term Market Trend: Neutral
Short Term Market Trend: Up
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3 comments:
Good Morning Dave:
Just at word of thanks for your blog and the Adv Tech Capstone last night-appreciate you letting us get inside your head.
Things are starting to click much better-I look forward to posting my successful results soon.
Thanks again for all you do!
Robert
CANI
CLF probably needs to pull back to around $157 or so and then bounce back up - yes? Nice heads up.
Thanks for the earnings reminders! We really appreciate your time and efforts!
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