10.27.2011

Oct 28 - Fri. "FBandwagonTraders"

BIDU - topping Q3 expectations. Longs may want to target possible entry points at 145 to 148.50, a base support that saw consistent upside liquidity Thursday evening and where there may be room to catch some upside turns back toward 150 or above.

JNPR - stock is trying to gear through this 25 area gap spot on the chart, you see the res line, if pushes could push a few points, or you can play the short off of the pulls from 25, as they get weaker you should become more and more long biased though.


TQNT - stock never really had its reversal today, so one more pull, buy the dip and see if possible double bottom reversal. Long bias, but many d/g's and low price targets so be weary (imo its bs).


ACOM - 3 times this stock has bounced off this 21.5 spot, watching it now to see if its still has buyers here, for another bounce, could be a triple bottom reversal, but I have no bias at this point, stock could very well crack this support and break down, more in chat.

NANO - eying this washout for a potential long, light volume on this one so be careful, if reverses it can run.


DECK - blowing past Q3 estimates. 112 as this proved to be a tough ceiling to break through in Thursday's after-hours. Longs may want to target potential entry points near 106 to 110, a potential floor support that could see lift back toward 112 to 113.

CSTR - beating Q3 estimates and announcing plans to raise prices for its DVDs. Two ceiling levels were established through Thursday's after-hours, one at 53 to 50.65, and a second at 48.50 to 48. Shorts may want to watch both these tops as prospective entry points that could see added downside momentum back into the high- to mid-40s.

FRIDAY, Oct. 28
Extended-Hours Earnings: ACO, AXL, AON, ACI, ABFS, B, BIIB, CVC, CPN, CVX, CEG, CVH, D, EEP, IPG, LEA, LPNT, MRK, NWL, NEM, NI, PPC, COL, GT, WY, WHR.
Economic Data: 8:30 a.m. Personal Income/Spending; PCE Prices; Employment Cost Index; 9:55 a.m. Michigan Sentiment.