LEADERS:
GOOG: Support is at 485. Next upside target is 610.
IBM: The 105-108 zone is good support and a rally to 130 is underway.
GS: I think GS should hold support near 160 and rally to 250.
CME: I think the market will rally to 630 before the bull market ends.
MO: Support is at 65. Upside target is 75.
OF INTEREST:
BIDU: No sign that the bull market is over. Support is 165. Next upside target is 240.
CSCO: Support is at 25. Next upside target is 40.
AAPL: Upside target is 165. Support is 115.
MSFT: Support is at 26.50. Next upside target is 33.50.
ICE: Next upside target is 190. Meantime support is at 124.
NYX: Support stands at 63. From there I expect a rally to 90.
NMX: I think the action in NMX bodes ill for crude oil prices and for the price of NMX itself. Resistance is at 135 and the 100 level will be seen later this year.
PFE: Support is 22.50. Upside target is 30.
AMGN: A rally to 62 is likely but the bear market in AMGN is not over.
SHLD: Has reached support at 132. The next move should be upward to 155.
KFT: Support is at 30. Next upside target is 39.
AMZN: Upside target is now 100. Support is at 65.
EBAY: Support is at 30.00. Market should reach 41 in a few months.
WMT: Headed for 55. Support is at 42.50
2 comments:
carl:
if you don't mind taking some time out of your busy schedule, why do you think s&p futures will go back down all the way to 1400 or so?
if you could explain. thanks very much for your time.
John
Mr Futia, how come you are so positive about the uptrend still? Since the subprime and yen carry trade problems surfaced in may this year many have become neutral or even bearish for rest of the year.
Let's say the FED lowers funds rate by 0.25 18 september, what do you think will happen to the dollar/yen and the carry trade and will it spill over to subprime and even accelerate the correction?
Regards,
from Sweden
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