Tag Archives: IBM
Midday Missive
We’re looking for low risk names where we can define our risk. IBM…I like last weeks bottoming action. A close over 186.80 is needed to confirm the low and buy the strength. GS…Goldman earnings come out before the opening tomorrow. … Continue reading
A.M. Look 10/16/13
Stocks.. Play in the names that are reporting today if you must trade. Mattel,BAC,American Express,Ebay IBM are some of the bigger names. Spu’s…need under the mid 1680’s to break down. Bonds FX… Commodities… Gold…needs above 1300 to mount a rally. … Continue reading
Midday Missive
The general market tone looks to be “Risk On” going into Month End. IBB is always a favorite and can be bought with a stop below Friday’s close, looking for a rally into the end of the week. OXY…88.80 is … Continue reading
Midday Missive
OIH…48.25-30 is the big macro closing resistance area. GOOG…897 is the closing pivot. As long as this remains above you can see a rally towards 950 going into month end IBM…looks cheap compared to a lot of the board. This … Continue reading
A.M. Look 7/19/13
Stocks.. IBM…200 is monthly resistance matching the 200 & 50 day mvg avg’s. This is macro resistance requiring a couple of closes over this level for higher. Nasd 100…the close below 3065.50 puts in an ORL day. 3023 is the … Continue reading
Grains & TBT Follow Up…IBM
This is a Soybean and Corn show. There is no break out in the Wheat until it closes over $7. Our 1st tgt’s in the July Soybeans is 14.74 +- a couple. This should line up with 51.50-60 ish in … Continue reading
S&P 500 & Nasd 100 Futures + Trailing Stops
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 … Continue reading
IBM
As long as IBM holds above 201.20 we’re looking for this to minimally trade 206.70. Closing above 207 will lead to a new high. This means 201.20 is your sell stop for any new Longs.
Mid-Day Missive
IBM…we’re looking for a 199.25 print, which is the 200 day and a natural spot for direction to stall. 201.25 is a good place to take profits if you followed our buy strategy last week. 4/23/13 Sometimes you need to … Continue reading
IBM
Sometimes you need to look for the most beaten up names. IBM…fits the bill. This has the potential to run another $3 today to 195. With a Risk On board expected into Month end, 198-200 is possible.