Sunday, July 13, 2008

Watch list for 14 July 2008

I'm bearish on the following:
Chubb Corp (CB): Looks like a break down from range trading. A triple top. Supports at 45/40/30.
Akamai (AKAM): Rising flag broken. Supports at 29/17/11.
Hewlett Packard (HPQ): Broken rising flag. Supports 40/38/30.
General Cable (BGC): Rising flag broken. Supports 54/36.
Google (GOOG): May cover gap fram 459-524. Technicals getting negative. Supports 520/420.

I'm bullish on gold:
Royal Gold (RGLD): Strong resistance at 35. Then 40.
Newmont (NEM): Uptrend forming. Resistance 56/61.

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