Volume today is light today. The indexes are are virtually flat – there is a lot of focus on Europe, never-the-less… trade your stocks and follow your rules. Don’t worry what everyone else is doing. Here are some stocks that are moving and caught my eye. It doesn’t mean I am bullish or bearish on these, just means they are moving or have some significance. Learn the trading business and find your strategy.
VRSN
VeriSign broke the supporting trendline on the weekly chart. Keep an eye out for it to go lower as the volume is quite high to the downside. You always want to watch the volume for confirmation!
AAPL
Apple looks like it’s having a hard time as well for the time being. A drop of about $10 at 1:30 pm due to the earnings miss probably early this week. This one needs room to calibrate itself.
PCAR
Paccar Inc, holding up pretty well above this 50-day after breaking out yesterday…
ATI
Allegheny Technologies is toast…. stay away for now… Too many red bars on the volume side.
NFLX
Netflix is still struggling since it dropped early in September 2011. It is staying above the descending triangle, but still does not look healthy. More volume to the down-side at the moment.
TLT – iShares 20+ Yr Treasury Bonds
This one looks like it is setting up for higher prices if it can break this descending trend line. Wait for the break! Patience pays.
