BIDU bullish fan and flagging intraday hit 172 last night, SBUX
complex bear wedge morphing into bullish fan from highs. $92
put on it today and looks like a buy from here to 67 and higher
above the 61 fan line it's been tapping. GOLD , GDX leader,
under resistance, would have to recapture 80 to be bullish, but a
breakdown here would probably be more short-term bullish. AMZN
broadening wedge line and 161 fib at 293 - today's intraday action
does not look bottomish. GOOG looks like 505. Biotechs
green ... AAPL will save mkt till people realize they
are spending more each month on worthless iPhone plan instead of
invaluable BPT subscription. Closely watching ration trend
line of BPT memberships / IPhone sales for mkt
top.
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Some bullish plays BIDU , LMT , AMZN tgt 293
Posted by cmunny on 25th of Apr 2014 at 01:11 pm
BIDU bullish fan and flagging intraday hit 172 last night, SBUX complex bear wedge morphing into bullish fan from highs. $92 put on it today and looks like a buy from here to 67 and higher above the 61 fan line it's been tapping. GOLD , GDX leader, under resistance, would have to recapture 80 to be bullish, but a breakdown here would probably be more short-term bullish. AMZN broadening wedge line and 161 fib at 293 - today's intraday action does not look bottomish. GOOG looks like 505. Biotechs green ... AAPL will save mkt till people realize they are spending more each month on worthless iPhone plan instead of invaluable BPT subscription. Closely watching ration trend line of BPT memberships / IPhone sales for mkt top.