Nasd 100 …2980 is the ORL # today
Spu‘s…we would need a close under 1647 for this to be considered as a short term trend change.
QQQ…shows a potential double top @ 73.74, however you’d need to see price action and a close below 73.12 to be meaningful.
We started mentioning last week that you should review your trailing stops.
GOOG…873 stop close…this was on our buy recommendation
IBM…199 stop close
JPM…49.60 stop close
XLU…per today’s updates…you should have sold ( taken partial profits @ 40.45)
Use a break even stop on the rest.
XLP…41.50 stop close.
TM…121.30 stop
IYT..113.00 stop close
Posted 4/22/13
GOOG…breaks out on the weekly charts with a close above 803.
The risk on any long would be app 10 dollars for an attempt at the old high.
TM…as long as this maintains above 111, we’re looking for 118.
IYT (Dow Transports)…need a close over 108.40 for another run into month end.