Monday, May 31, 2010

Best Ideas for week June 1 2010

After over 300 charts here are the best ideas in no particular order:

MEE: At top of descending channel if gets through 33.50 can make 38.44 and 200SMA

MMM: Range between 100/200SMA. If 200SMA fails look for 70.51

MA: Looks to test support at the 195ish area again. Failure there brings 190 and 180 into play

RY: Sorry all you Canadians, this looks to be going to test 48.70. Bounce there is a buy, supp below is 45

STT: 35.35 coming

AOL: This looks horrible. Consolidating after a $5 drop getting ready for the next $5 down.

SHLD: Needs to close 89.50 - 90 to reverse and try 102 otherwise support at 86.56, then 77.

BIDU: Back on track going to 100

SNDK: Broke 5 yr resistance, consolidating before more. Could see 50 soon.

VMW: Next test is 72.87 from May - June 08

Trade em well!!

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