Big big BIG NFP number at 0830 hrs may move the market (I'm on tenter hooks.) Geithner has "the plan" for banks on Monday and that may actually be a bigger item. I can't trade the financials with all the chatter going on, so I'll just stick to meat and potatoes TA for now.
Short idea: GPS (2 graphs) The first is the daily chart showing it drop below horizontal support (now resistance), but it's not dying easily and rallied over 5% today.
Short idea: GPS on the 30-minute graph shows it violating the downward trendline but still below horizontal resistance. Be careful, the closing stop is 12.12.
Long idea: MRVL still looking marvelous. Semis are leading tech and tech is leading the market (for now.) LLTC looks good, too.
Short idea: AVB owns rental residential properties. Is it sustainable? Stimulus legislation may give incentives for renters to buy homes.
.png)
No comments:
Post a Comment