My morning mail today
...Good Morning everyone
hope you had a nice weekend...
well they continue to downgrade the semis??? over and over again and again...i looked at the SOX index here..on the daily it's in a triangle, 680 breaks it down, and that would be not good for the NAZ...
NAZ 3300 is a 3 box reversal down, with support at 3200, any break of that could be trouble ahead????
NDX same exact chart...3200 3 box down, 3100 if it holds is a higher low, but it could breakdown along with the other indexs..
the DOW is moving lower here off that big run up..it's already reversed 3 boxes and should head toward 10,350 first...
i did see the BTK bio tech index break a double top here, and the BBH the holders for Bio techs beaking out here..also the BHH the B2B internet holders gave a buy signal and could run up toward 53ish...market willinbg..these are for longer term holds...and they do trade options...
here are several stocks to watch..
AMCC--MOVING UP ON THE P&F CHART HERE, IT'S REBUILDING..IT HAS R AT 80 WHERE GAP RESISTANCE RESIDES, AND A PRINT OF 70 WOULD REVERSE IT BACK DOWN
CMRC---RIGHT AT R AND THE BRL LINE TOO, 70 REVERSES IT DOWN..BUT IT LOOKED VERY GOOD LAST WEEK..
EPNY--DOJI ON THE DAILY HERE AFTER BREAKING A TRIPLE TOP AT 102..BUY THIS ON A PULLBACK MAYBE WAIT FOR THE 20 ON THE DAILY...AT 86/87ISH IF IT EVEN GETS THERE...
IWOV--IS A SHORT BELOW 110..MIGHT GET TO 91 ISH...
CORV--IN A BEAR TRIANGLE COULD HIT 51...
GLW---WATCHING HERE IF IT BREAKS 69 1/2 IT RUNS TO 59...BUT THE STREEET LIKES THIS ONE...
BTW FWIW ON THE P&F CHARTS HEATING OIL AND CRUDE ARE STILL TRENDING LOWER HERE...COULD BE GOOD FOR THE MARKETS...
NTAP--ANY BREAK BELOW 102 WILL MOVE IT DOWN TO 94ISH..
PMCS--- A 3 BOX REVERSAL DOWN TO 154, IS NEGATIVE ESP. IF IT BREAKS 146...THE CHART TO ME LOOKS NEGATIVE...
AUDC--IF IT BREAKS DOWN BELOW 35/34 IT GOING INTO THE MID 20'S..WATCHING ...
I WILL BE UPDATING VIA E-MAIL AS TO THE SITES READINESS...WE WILL HAVE A FREE TRIAL SOMETIME THIS WEEK..AND THE FOR PAY DAY WILL BE AROUND THE 14TH OR 15TH...
PLEASE DOWNLOAD WWW.FIRETALK.COM
THANK YOU
JERRY
ps...i have turned off my private message function on SI..either e-mail me or post directly on the thread..thanks...
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