Tale of the Tape
LEADERS:
GOOG: Support is at 530. Next upside target is 583.
IBM: 112 is the next upside target.
GS: I think GS is about to move above 233 resistance and rally to 250. Support now is at 210.
CME: Support is at 535. I think the market will rally to 630 before the bull market ends.
MO: Support is at 68. Upside target is 75.
OF INTEREST:
BIDU: No sign that the bull market is over. Support is 165. Next upside target is 230.
CSCO: Support is at 25. Next upside target is 33.
AAPL: Support is at 112. Upside target is 150.
MSFT: Support is at 26.50. Next upside target is 33.50.
ICE: Next upside target is 185. Meantime support is at 134.
NYX: It looks like NYX is headed for 90. From there it will drop below 70. I am abandoning my expectation for a new bull market high anytime this year.
NMX: I think the action in NMX bodes ill for crude oil prices and for the price of NMX itself. I think the recent high near 148 will hold and that the 100 level will be seen later this year.
PFE: Support is 25. Upside target is 30.
AMGN: Downside target is 50, resistance above the market is at 61.
SHLD: I think the bull market in SHLD is over. Resistance above the market is at 168. Next downside target is 145.
KFT: Support is at 30. Next upside target is 39.
AMZN: Resistance is at 76. Support is at 65.
EBAY: Support is at 30.00. Market should reach 43 in a few months.
WMT: Headed for strong resistance at 55. Support is at 48.
GOOG: Support is at 530. Next upside target is 583.
IBM: 112 is the next upside target.
GS: I think GS is about to move above 233 resistance and rally to 250. Support now is at 210.
CME: Support is at 535. I think the market will rally to 630 before the bull market ends.
MO: Support is at 68. Upside target is 75.
OF INTEREST:
BIDU: No sign that the bull market is over. Support is 165. Next upside target is 230.
CSCO: Support is at 25. Next upside target is 33.
AAPL: Support is at 112. Upside target is 150.
MSFT: Support is at 26.50. Next upside target is 33.50.
ICE: Next upside target is 185. Meantime support is at 134.
NYX: It looks like NYX is headed for 90. From there it will drop below 70. I am abandoning my expectation for a new bull market high anytime this year.
NMX: I think the action in NMX bodes ill for crude oil prices and for the price of NMX itself. I think the recent high near 148 will hold and that the 100 level will be seen later this year.
PFE: Support is 25. Upside target is 30.
AMGN: Downside target is 50, resistance above the market is at 61.
SHLD: I think the bull market in SHLD is over. Resistance above the market is at 168. Next downside target is 145.
KFT: Support is at 30. Next upside target is 39.
AMZN: Resistance is at 76. Support is at 65.
EBAY: Support is at 30.00. Market should reach 43 in a few months.
WMT: Headed for strong resistance at 55. Support is at 48.
posted by Carl Futia at 10:16 AM
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3 Comments:
Carl,
Just a quick anecdote. I happened to glance at the MSN home page just now and there's a box labeled "MSN Money". In that box, there are five articles listed under the heading "Worry on Wall Street". Here are the titles of all five:
"A crisis hits home"
"Bad news for bonds"
"Partying like it's 1929"
"Want safety? Think Canada"
"Learn: Market crash of 1929"
I guess we're going to continue to climb the wall of worry. Sorry, didn't know how to get you a screen capture but maybe you can get one before they change it.
Keep up the great work!
Hi Carl
Long term reader of your blog .
Could you include NG (natural gas) in your study?
Thanks
how did you arrive at these numbers?
What is your prediction accuracy?
Stock prices depend on earnings. If BIDU misses, I am sure it can go lower than your support.
In fact, I believe, your goog support is now resist.
Predicting stock prices without looking at fundamentals seem to be prone to errors.
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