Some Charts I’m Watching
As I type this we’re set for a bounce this morning. Many traders would prefer to see a weak morning followed by a strong close in order to hopefully flush out the last of the sellers. It doesn’t seem like that going to happen today. Anyway, here are some charts I’ll be watching closely over the next couple of days. First are the indices followed by some individual stocks:
The S&P broke Thursday’s support very late in the day Friday as buyers walked away ahead of the weekend. I’ll be watching Thursday’s low today as an important inflection point.
I’m watching last week’s lows for support on the Nasdaq.
tagged: Fortress-Investment-Group-LLC-(FIG), Intel-Corp-(INTC), Kinetic-Concepts-Inc.-(KCI), S&P-500, Satyam-Computer-(SAY), Technical Analysis and The-Blackstone-Group-L.P.-(BX)
