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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