Wednesday, May 20, 2009

Daily Stock Checkup

The S&P 500 is still in an upward channel. It's important to note, that there has not been a secondary down-trend for some time. I predict the S&P re-touches the recent previous high around 935, and then has a correction. 200 DMA is close overhead as well. We don't have much, if any, time:




SPY090520.png


OXPS - Hit strong supply after a strong move up today, and gave up most of the gains. This is OK, but unacceptable if it goes below the lower range of its flag:


OXPS090520.png


SIGM has met supply as well, but isn't acting out of the ordinary for a triangle breakout:


SIGM090520.png


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