WDC is holding at a very interesting volume level, SMA's crossover is not making the stock to go down.
Volume produced by technical investors is being used to grab long positions and ride the upward trend.
That being said..... LONG LONG
Best Buy falling and bouncing at the 23.6% fibionacci level.
Currently stuck at the 50 and 20 SMA averages on the 5 minute chart.
This is a short run.... but a good one.
Trade with confidence
AGN, trading slightly above the coiling SMA's on the daily chart.
Flirting with the 50 SMA on the monthly chart.
Stock has performed very well during the year so the market is bullish on this one.
Trade with confidence
SNI trading in between the 20 and 50 SMA on monthly chart and slightly below the 50 SMA on the daily chart.
Also trading slightly below the 200 SMA on the hourly chart.
I've never traded this stock before so will stay neutral on this one.
Trade with confidence.
GWW closed right in between 20 and 50 SMA on the daily chart.
They will report earnings next week, and they just come out of a pretty bad downtrend due to the lack of results on the last call.
I would be cautious about this one.
Trade with confidence.
Today the autoparts companies got hammered because of the fantastic news delivered by ORLY
seekingalpha.com
GPC stood it's ground at the 38.20% retracement fibionacci level, at which the market already agreed it was a good entry point 3 times on the last 4 months.
If the terrible news from today didn't make it fall below this point we have a very strong support...
Nice double fibionacci retracement and extension at 22.33 - 22.60
Market is bullish on banks since they all passed the stress tests recently performed by the FED (all but capital one, do not buy capital one, stay away from capital one, do not touch it.... its hell itself)
Trade with confidence
Cheers
