Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (46656)	3/15/2011 8:07:28 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70330

Gap open due to effect of Japanese disaster accelerating due to potential fallout from damaged nuclear reactors. The indices filled the gap before the close. Todays gap open is less important to the trend of the recent sell off as the reaction tomorrow. The bounce has to take the indices back above the 50 day SMAs and the indices have to contine to rally for three days in a row. Otherwise traders will take the opportunity to re-short on the bounce. Some index stocks like INTC have broken their 200 SMAs today so if they confirm the break they will continue down. Some of the strong cult stocks like AAPL are still in uptrends. SPY QQQQ DIA GLD : stil in up tredn XLF: still in up trend INTC: potential trend change to down MSFT: potential trend change to down ORCL: move to neutral AAPL: uptrend intact JBL: up trend barely intact GOOG: move to neutral stance, close to trend change to down CRM: neutral stance, potential trend change to down