Monday, December 6, 2010

Monday Monday

Markets finished mixed Monday although again they did finish off the lows. The Nasdaq finished in the black for the fourth straight session. Commodities outperformed.

Stocks showing specific buy points include: DE @79.76, DHR @45.10, both flat bases. Cup with handle patterns are: CNK @18.91, AA @14.27, STT @46.07. NETL @34.60 a double bottom. XOM @72.00 a double bottom with handle. NDAQ is just above a 22.42 buy point in a cuo with handle.

Stocks that sould find support at their 50 day MA are: SUN @39, VRSN @33.80, JNPR @33, NTAP @52, CP @64, YUM @49.25, BID @41, WSM @33, TAP @48, ARMH @18, LOGI @19.25, BMC @44, MOTR @22, CCK @31. WYNN continues to hug its 50 day line right here just above par. CVLT bolted off its 50 day today.

DISCA can be bought thru 43.25 and NYX thru 29.50, both thru their 50 day MAs.

V can be bought thru 79 and STX thru 15.25, both thru their 200 day MAs. BCSI stormed up over 5% today. We flagged that one a couple weeks ago as it hugged its 50/200 day MA. AMTD had a decisive move thru its 200 day recently. NEM continues its move off its 200 day and then thru its 50 day. WM 200 day support @34 should hold.

GOOG INTU both trying to regain their 50 day MAs. Is FDX starting to form a handle in a cup base? 96.33 potential buy point. Give the handle 5 days to form.

Par stars all performed well today in a flat market. WLT WLL CMI FCX all finished in the black. WYNN finished flat.

Good luck.

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