If NDX does not bounce off near the current level (5794), then we are in for a deeper downside to 5728.3.
This decision will drive whether we start moving to the upside or get a deeper pullback. Don't know what's going to come but waiting for it.
GOOGL had been stuck in a band for the past two weeks. It pushed through, retested the upper level and continued the uptrend. If it pushed through 740.6 level, higher levels await. If it crosses 740.6 on strength and shoots up, don't chase but wait for a pull back to 738-740 zone to buy.
Walmart pulled back after it's earnings and is showing bullish pattern of higher highs and higher lows. Have a couple of targets based on symmetry and fibonacci levels. Be careful around 65.14
PCLN could jump tomorrow morning and continue the rise as it has done before around earnings. The Q4 results in the last two years have given a move of about $280 out of which the stock has already moved $150 points.
GOOGL hit the low end of the channel and found support. Also near the .618 retracement level. Bullish with stop at 734
Priceline is within the range of a major decision area. If the support breaks, we don't have much support to the downside.
AAPL seeing a breakaway GAP - could be start of the new uptrend. Long with stop at 97.70.
Chart originally from 02/06 where I indicated a rally in the stock. It has since been on a hyperbolic rise. Look for some consolidation around the marked levels and then add on weakness.
Apple has been pushing the top long-term line time and again in the past one year and these tests have become more frequent. Target of $510 by Aug/Oct timeframe but before that we might see some weakness. I think the stock will be in the $450 range till next week (1/30/2012) and would show some weakness/pullback after that to about $420 range. The next push will...