The Surf Report

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the djia continues to struggle vailantly to maintain its upward momentum. intuitively it appears that 9300 will be the next support on the way down. suggest holding shorts over night.

surf
 
Quote from marketsurfer:

the djia continues to struggle vailantly to maintain its upward momentum. intuitively it appears that 9300 will be the next support on the way down. suggest holding shorts over night.

surf
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The topping formation requires ES and NQ to be weakened at the same time and breaking their respective support zones.

If that happens a stronger decline (in ES terms 50 pts range) can be expected.

Good luck.
 
Quote from Lawrence Chan:

The topping formation requires ES and NQ to be weakened at the same time and breaking their respective support zones.

If that happens a stronger decline (in ES terms 50 pts range) can be expected.

Good luck.
More...


what do you show as support in the ES and NQ ?

thanks,

surf
 
After 6 straight days of gains, a listless drifting session was to be expected. Great news from the new homes sales and durable good numbers failed to generate stock buying excitement. Even word of General Electric seeking a suitor for its $2 billion dollar security unit failed to awaken the bulls. Despite the slow going, shares managed to eke out small gains on the day with the DJIA advancing 4.23, the tech heavy Nasdaq climbing 0.20 and the broad based S&P 500 just nudging higher by 0.12.

Here are 7 stocks you need to know for Thursday.

The low end general merchandise provider, Fred's Inc (FRED | Quote | Chart | News | PowerRating), has traders expecting an EPS of 13 cents for the fiscal second quarter 2010 before the open on Thursday.

Popular clothing retailer, American Eagle Outfitters (AEO | Quote | Chart | News | PowerRating), is forecast to earn 15 cents/share for its fiscal 2nd quarter 2010. AEO will report on Thursday prior to the bell.

Teen girl clothing company, dELiA*s Inc (DLIA | Quote | Chart | News | PowerRating), has analysts awaiting a loss of 17 cents/share Thursday ahead of the bell.

Shoe Carnival (SCVL | Quote | Chart | News | PowerRating) has its eyes set on a fiscal 2nd quarter 2010 EPS of 2 cents/share prior to the start of trading on Thursday morning.

Power company, A-Power Energy (APWR | Quote | Chart | News | PowerRating), has the street expecting an EPS of 21 cents for the second quarter, to reveal Thursday morning before the bell.

Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) won an appeals court ruling against Israeli drug maker, Teva (TEVA | Quote | Chart | News | PowerRating) that preventing the making of some generic copy drugs.
 
stops staying at 9555 in YM. I believe the TOP IS IN HERE AND NOW IN THE DJIA!! the djia should not move beyond the 9600 level.... take it as you will.
best wishes,

surf
 
There could be a buy spike taking Dow closer to the 10k number before a drop starts. Personally I don't care one way or another, as long as it moves!

Good luck any how Mr.Smurf.
 
Quote from wee man:

There could be a buy spike taking Dow closer to the 10k number before a drop starts. Personally I don't care one way or another, as long as it moves!

Good luck any how Mr.Smurf.
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Prophetic

Helluva CALL wee man, I had no idea you could trade so well.
 
Quote from MandelbrotSet:

Prophetic

Helluva CALL wee man, I had no idea you could trade so well.
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Aye, I even bot a few ticks from today's low....but only actually took 20 points or so - too tight stop

Arghhh!!!....
 
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