Posted on December 26, 2006 at 9:45 pm
Written By: Teresa Appleton Stock Forum ID: Teresa
Tuesday started the day off strong and continued with a close on the highs. Volume was very light and it will continue to stay light until after New Years. Despite the absence of earnings and economic data today we still were able to find pockets of [...]
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Posted on December 26, 2006 at 11:54 am
The oil services tracking fund (OIH) has had a rough tough the last few weeks, and today has trailed under $140 support and is right on its 50 Day Moving Average. If the 50 MA can’t hold this fund afloat, then trailing into the mid $130s is highly plausible. I would advise staying away from [...]
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Posted on December 26, 2006 at 11:49 am
Shares of International Assets Holding Corp (IAAC) have struggled again today, and currently are trading near intra-day lows of $27. The stock is down nearly 8.5% today on volume of almost 700,000, and as seen by the chart below has had a rough last two weeks. But, with bigtime selloffs comes solid money making opportunities, [...]
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Posted on December 26, 2006 at 11:15 am
As seen in the chart, a fall under $75 support would raise a bear flag for Exxon Mobil (XOM). A fall below and the stock will most likely stumble towards $74 and the 50 Day Moving Average. Today XOM is up though, trading just under 1% higher thus far at just about $76. Volume is [...]
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Posted on December 26, 2006 at 11:01 am
Take a look at this chart of NYSE Group (NYX) to understand what we were looking at last week. The stock falling back under $100 signaled the end of its move above, and today NYX is down under $93 a share on volume of just over 1.5 million shares. Low on the day is $92.51.
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Posted on December 26, 2006 at 10:58 am
The NASDAQ opened today just under 2400, with a low on the day thus far of 2397.68. Volume has been declining which is good for support, but be catious as a fall and close under this line and the 50 Day Moving Average - the blue line - is very bearish.
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Posted on December 26, 2006 at 10:56 am
Alrighty! Talked to our hosting providers and got the upload situation resolved, so here is a chart of CBOT Holdings (BOT) from the post on BOT earlier this morning. Note the $150 support line, the blue line which is the 50 day moving average, and the close Friday underneath this line. Keep an eye on [...]
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