Thursday, February 17, 2011

Mid Day Moves

Markets are trying once again to combat early losses with mid day rallies. Volume is mixed. DECK broke out of a 87.98 cup base buy point in healthy volume after early losses were met with 50 day support then a huge move past the buy point. Earnings from fellow footwear maker TBL definitely helping. Chinese solar stock LDK nearing a 14.70 cup with handle buy point. EMN has broke out from a 94.52 flat base buy point. SCHN trying to reclaim its 50 day MA here. If it can get thru that a potential add on would be a cup base buy point of 69.53. Let it first prove itself taking out the 50 day though. ABX has reclaimed its 50 day and GFI is trying as we speak to do the same. TTM is trying to take out its 50 day right here and again if it can do that a potential add on average up buy point would be30.31 in a double bottom base. SHLD JOYG sniffing out par sometime in the near future. BRCM looking to close lower 8 days in a row after losing its 50 day. TCK is struggling after its recent plunge below its 50 day on 2/9 after earnings disappointment.

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