SPY sits on its 50 DMA and in the middle of the recent trading range, much like Apple. Which way will the general market break? Since this index is above its 50 DMA, I must remain in the bullish camp until further information presents itself.
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Apple remains in a trading range after the big run to 119. Which way will the stock break from this range? I'd say the earnings report due soon will go a long way to deciding that fate.
Google is trying to pick itself up off the mat and make a run for the 200 day moving average. Can it make it back to the thin red line? That is the question. 560 is the line in the sand to watch.
Most of the tape for McDonald's stock has been 'below the ice' of the 50 EMA. Inverted moving averages rate this stock to fall in the intermediate and short terms. If you pressed me - above or below this number six months from now and I say - below. My new price target is 83. I do not think 87 will hold.
For the first time since October, Google is above the 50 DMA and is looking to close above those levels. This is a big move for the stock and could signal the bottom is in. I didn't think it at the time, but further evidence could sway my opinion. Either way - I say Google was a buy at 500. Hope you got some!!
COP looks like it's trying to make a base (coinciding with the bottom forming in crude oil). If this base holds, watch the 50 DMA at 68. A run higher must get by that falling moving average.
This stock just runs and runs and runs and when you think it's gotta give out, it keeps running. Altria goes huge pop over the last week of trading. Smoke em if you got em. This one is on me.
McDonald's doesn't seem to have the energy to get back above the 50 DMA and make it hold. It looks like the bears are in control. Can the recent low of 88 hold?
Google is trying to form a base and move off the bottom of 500. Can this recent low hold? I said then I didn't think 500 would hold, however, I never what I think get in the way of what I see on the chart. This could be a basing pattern. Watch the 50 DMA. This move means nothing unless Google gets above 530.
Oil is trying to find a bottom in the 45-47 range. Can this hold? I would be surprised, but the selling seems to have abated. Watch 47.
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