Thursday, August 16, 2007

Tale of the Tape

The last tale can be found here.


LEADERS
:


GOOG: Support is at 485. Next upside target is 600.

IBM: The 105-108 zone is good support and a rally from there to 125 is likely.

GS: I think GS should hold support near 160 and rally to 250.

CME: Support is at 495. 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 230.

CSCO: Support is at 25. Next upside target is 33.

AAPL: Upside target is 155. Support is 100.

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

ICE: Next upside target is 185. 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. I think the recent high near 148 will hold and that the 100 level will be seen later this year.

PFE: Support is 22.50. Upside target is 30.

AMGN: Downside target is 50, resistance above the market is at 61.

SHLD: Has reached support at 132. The next move should be upward to 165.

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 55. Support is at 42.50

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