Wednesday, February 29, 2012

2/29/12 Microsoft, Caterpillar, Blackrock, and Arch Capital

Microsoft looks beautiful still.  Finding support at prior breakout.  Recommended stops $31-$30.75.
Caterpillar lost some major support today.  Look out below around $111 and $108.  Should take action off of what the S&P does over next week.
Blackrock held support today after racing to touch resistance at $200. This could be a bearish signal.  Watch out for $198 level support. Stops recommended at $195.
Arch Capital has gone sour and is looking more and more sick.  Could be a good time to get short as it tests resistance.  A break of this could restore some of my old faith.


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