Monday, May 7, 2012

Buyers Appear to Be Back on Monday...

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2:30 pm EDT – Buyers appear to be back on Monday following elections in France and Greece.  Many stocks where price action is positive are forming bullish candle patterns.  The market doesn’t close until 4 pm EDT so these patterns can still change by the close.

Potential Piercing Line Patterns –AMZN, AAPL, BBBY, CTXS, FFIV, C, JPM, GS, NFLX, QCOM, CELG, CHRW, SBUX, SNDK, SYMC, SWK, XLF, FAS, SPY, IWM, QQQ

Bullish Engulfing Patterns – CERN, EBAY, PNRA, STX, STI, BAC, WFC, WDC, ZION, GOOG

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