22-Mar-08
Set Ups for 3/24
*AIRM (Transports- Air Service) *THIN* Broke out last week and then spent two days consolidating its move, then gapped higher and is now probing minor resistance in the 47.50/48 area. Accumulation volume has been higher than distribution and has recently broken its downtrend line. SEE CHART 47.15/44.30
REITS- As scary as real estate seems- it seems like some of these names made their bottom in Jan of 08 and are now making a turn up with W bottoms, trend-line breaks, inverse head and shoulders... plenty of names here to choose from.ResidentialAIV- Possible higher W-bottom going in beginning in Dec of ‘07AVB- Breakout on volume all last week. Clear support at 100.BRE- Breakout on ave volume. Support at 45.19CPT- Breakout with support in 52 areaESS- Breakout with support in the 110 areaMAA- Quasi Cup and Handle from Nov of 2007 with the pivot break last week. Stop at 51.61UDR- Consolidated in Jan/Feb and then has been breaking out over the last couple of weeks. Might be a chase here as next resistance level is 26.
RetailCDR- Broke-out now with support in the 12 area.CLI- Anticipatory add here... may follow others. Needs 37.22 with volume for a clean break EQY- Anticipatory add- Double bottom needs over 24.37 for clean break GGP TCO KIM- Trendline break on volumeHIW- Anticipatory add- needs 31.76Diversified- EXR- Breakout on volume- might be a bit extended, but cleared Oct high of 16.63, which could be used as a stop/support.PLD- Trendline break with volumeRetailGME- Trend-line break, volume has been coming in and now needs to move over 50.19 to confirm break to the upsideSHLD- Has been under accumulation- poked its head above the downtrend line.EBAY- Trendline breakBIG- AnticipatoryWMT- Friday’s big green bar sure doesnt look like something you see in a big lumbering stock like WMT, but there it is... must be respected and its a CLEAR breakout over resistance.TLB- Under heavy accumulation and needs to rest a bit. Watch for a set up.TJX- Broke to all time highs 33.60 is now support Semi’sINTC- Argument could be made for a pennant break to the upside here. Stock is under accumulation SEE CHART AMAT- Has been awesome but running into some overhead resistance at 21.75 areaXLNX- Moving out and consolidating above resistance. Stop could be at 23.39TER- Consolidating gap higher- add here on a move over 12.73LLTC- What AMAT looked like 3 weeks agoRegional BanksNortheast- MTB, NPBCMidwest- MI, USB, CRBC, CBCMid-Atlantic- BBT, UCBIBanking Saving/Loan- HCBKMoney Center Banks- STI, BAC, PNCMISC:Materials/Construction- RYL, MTH, BZH, UFPIFinancial Services- AMPWholesale Drugs- HLFManufacturing- BC, SNHYSoftware- ORCL, SXEConsumer Non-durable- COH, NKE, PGConsumer Durable- MATComputer Hardware- IBMDrugs- JNJ, GILDFinancial Services- MS, AXPTransports- EXPD, CHRW, BNI, CSX, AIRM, KEXLeisure restaurants- CMG, DRITelecom- CIEN, PTNRHealth Services- ZMHFood/Beverage- KO, PEP, GIS, WWYWholesale- GWWDiversified Services- PFWD
Posted at 09:13 in Market Report | Permalink | Comments () | Top
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