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Trading123.Net Daily News
Long or Short we Find
Winning Trades Daily
July 31, 2008
Futures pointing to higher open, BMY to buy IMCL 4.5 Billion or $60 a
share stock gapping up. XOM earnings revenue come in little light. V
Quarter strong JPM raises estimates. FSLR another upgrade to 330 after
it beat on earnings, SPWR and other solar stocks could move up. RIMM
Gapping up on KRAMER mention. Nice run on AAPL yesterday right to R4
number end of day chart below. CNX energy and HOLX, LVS, AKAM down on
earnings gapping down. Yesterdays short of the day GRMN as we rode it
down to the lows, see if it gets any rebound or heads lower.
|
Stock |
R3Breakout Long Above |
ResistanceR4 Long Above |
R5Potential High of Day |
S3 Breakdown Short Below |
Support S4 Short Below |
S5 Potential Low of Day |
|
AMZN |
69.73 |
70.35 |
71.58 |
68.50 |
67.88 |
66.65 |
|
V |
74.00 |
74.60 |
75.81 |
72.79 |
72.19 |
70.98 |
|
LVS |
39.91 |
41.25 |
43.92 |
37.24 |
35.90 |
33.23 |
|
AAPL |
166.31 |
167.57 |
169.80 |
163.88 |
162.82 |
160.49 |
|
RIMM |
115.10 |
117.17 |
121.50 |
110.68 |
108.52 |
104.20 |
|
SPWR |
77.59 |
78.48 |
80.27 |
75.80 |
74.91 |
73.12 |
|
SOHU |
76.94 |
78.19 |
80.69 |
74.45 |
73.20 |
70.70 |
Resistance & Support Levels:
The levels above
are support and resistance levels for the stocks in the newsletter.
Picture them as floors, as stock moves up breakout levels our, R3, to
R4, to R5. If stock is trending down, support levels are S3, this is the
area to short below, then stock can breakdown to S4 and extreme selloff
S5. These levels in the newsletter remain in effect for entire day. If
volume is strong on the day if stock breaks to R4 level, over 80% chance
that it will trend up to R5 level later in day if volume strong. S5
Level is the Potential Low of the day. R5 Level is Potential High of the
Day.
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