Monday, July 16, 2007

Tale of the Tape


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.


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.


LowTax said...


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!

Anonymous said...

Hi Carl
Long term reader of your blog .
Could you include NG (natural gas) in your study?

Anonymous said...

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.