Wednesday, April 23, 2008

23/4 Analysis

AAPL
-uptrend posture
-earnings tonite.

AEM
-Red sea crossing !!!!
-Fish able to identify turning.
-IFT RSI triggered, now at 0. If pattern correct, wait for TT on cci or U-turn on IFT RSI.

ANF
-ZLR to south + downward slopping 34EMA
-may go down further.
-From briefing: Abercrombie initiated with a Sell at BWS Financial; tgt $50 (74.06 ) : BWS Financial initiates ANF with a Sell and price target of $50 saying the invincible strength of teenager's disposable income seems to have a crack in its armor. Firm says the softer economic trends put the Company at risk for lower sales in the coming quarters. ANF targets are mostly dependent on their parent's nondiscretionary funds to receive disposable income to be able to buy at ANF.
-need today's candle to close above half of y'day's candle in order to confirm reversal, otherwise, it might go south.

BIDU
-wait for signal - cci already turning
-fundamentally, it is still strong b'cos of china story and also GOOG's results.

C
-wait for red LSMA for red sea crossing but the range is not big.

CAT
-3 successive red candles for day for monthly cci still in ZLR !
-34EMA still uptrend so trade when ZLR since CAT still fundamentally good stock.

CF
-Earnings Apr 24 AMC
-Can look to enter tomorrow since fetilizer company doing well.

CLF
-Fish at extreme
-see if u-turn


DRYS
-seems to be shooting (down) star - exhaustion?
-resistance at 87
-34EMA is turning up finally.
-is valentine's day pattern going to repeat?


FDG
-Sell SAR signal appeared, all signals pointing south at the top.
-Crude oil inventories build just came out:
-From Briefing:Dept of Energy reports that crude oil inventories had a build of 2421K (Bloomberg consensus is a build of 1500K); gasoline inventories had a draw of 3179K (Bloomberg consensus is a draw of 2000K); distillate inventories had a draw of 1377K (Bloomberg consensus is a draw of 50K).
-May 60 Puts or 65 calls.

ISRG
-IFT RSI reach oversold but cci lessening downward momentum.
-wait for u-turn signal -better not to pre-empt

MON
-long red tail candle
-seems that AG stock retracement - will check 60 mins later to get Support and Resistance.

MOS
-same as MOS
-detail analysis later.


MTL
-bearish engulfing candlesticks
-red LSMA appeared, FISH also turning down while stock at high.
-MONITOR!

RIMM
-seems to want red sea crossing but green candle today.
-I think they waiting to see AAPL performance.
-quite a fair bit of PUTS sales at 110

SHLD
-34EMA sloping down but green candle today - see if it breaks through more than half for bullish stance.
-short ratio at 11 so if it recovers, it will rise....hmmmm......