TM: Reactions
It really is entertaining to watch. The bears think they are going to make money going into options expiration week. I think not.
The weekly charts on the indexes that I watch are intact. Cannot say the same for the charts of a lot of individual stocks. Got BASIC sell signals on AXP, F, JNJ, MOB, and VRC. Got a BAMBI bear signal on DIS. I know -- it's entertaining. For the rest of the folks, you got to understand I have short-term plays on VRC and DIS. I think I need to get different glasses.
The charts of ALL, CPQ, MO, PEP and CSC looking interesting as the trends may be a changing. HWP reports Monday and DELL and HD Tuesday. With the FOM, going to make it interesting. I'm hoping that HWP will disappoint as usual, and DELL will fall in sympathy, before they announce their next great quarter. But, this is conjecture.
In addition, all the drugs are making nice short term moves as they trying to create their bottom.
BWDIK
TB
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