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Monday, April 7, 2008

Markets Positioned for Potential Breakout

Equity indices start the day near resistance. A break out of resistance will represent a change in the intermediate term trend. Trade the Chart Signals and be mentally prepared for a breakout if it happens. Watch for a break of short-term support (short-term reversal) as the opposite possibility at the same time. Stocks to Watch Today and This Week Stocks that have recently broken out or are setting up for a breakout: STRA, MEE, ANR, ACI, SCHN, STLD, FCX, CLF, PCU, CF, MOS, AGU, BIDU, FSLR, JASO Earnings to watch this week: 4/10 DNA 4/11 FAST 4/24 BIDU
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2 comments:

  1. AnonymousApril 7, 2008 at 7:36 AM

    Dave,

    Thank you for starting this blog. it is great, you get right to the point on what we want to hear..

    Tony S

    ReplyDelete
  2. Dave JohnsonApril 8, 2008 at 8:01 PM

    Tony,

    You're welcome and thank your for reading!

    Dave

    ReplyDelete