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Tuesday, December 4, 2012
Tuesday, November 27, 2012
Amazon's 237 resistance was broken last Friday. Today AMZN post a doji, signaling indecision. Look to the prior resistance are to turn support around 234-237. Target 250 for next resistance,
Looks like the past support is turning into resistance around the 141.00 level of the SPY SPDR. Price is being rejected by the 50 EMA as well at 141. Short, target 135.
Monday, November 26, 2012
Flagstar has been on a tear since it's reverse split. They finally turned a profit 2nd quarter of 2012, and reported profit again in 3Q. Looking exhausted on weekly, could fall back to EMA's around 12.50, opening up a good entry point. Over 20 continued upside. Very bullish