Wednesday, July 25, 2007

Tale of the Tape

The last tale can be found here.


GOOG: Support is at 498. Next upside target is 600.

IBM: 120 should prove to be strong resistance. The odds are that IBM is done for this bull market. .

GS: I think GS should hold support near 200 and rally to 250.

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: Upside target is 155. Support is 122.

MSFT: Support is at 26.50. Next upside target is 33.50.

ICE: Next upside target is 185. Meantime support is at 140.

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: Upside target is now 105. 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.

1 comment:

BH_Trade said...

Still curious what your analysis is on IWM