Stock Market Analysis: 07/17/09

  • Support is located at $68 while resistance is located at $71.42. A close over $71.42 would be very bullish. The boutiques is going to close over the 50 day moving average, something that hasn't happened since late September. Waiting to buy when LVS closes above It's 50 day moving average located at $16.07. Waiting to buy when LVS closes above It's 50 day moving average located at $16.03. Waiting to buy when LVS closes above It's 50 day moving average located at $16.23. Until then, I will be waiting for another pullback under $38. I will be buying RIMM if I see a pullback below $60.00. This is an attractive buying area for the long term. Based on what we are seeing on Tuesday, I am now putting Ford on the strong stocks to buy list with short term target of $6.55-$7. BlackBerry’s track record as a company with a laser-like focus on cybersecurity is going to be key for this stock’s success long term.

     

    OTC, OTCBB, Pink Sheets stocks going into December 21, 2009. Topping the list today is Genta Incorporated. The stock really isn't going anywhere until it closes back above the 50 day moving average now located at $15.96. Delta Petroleum Corp. (DPTR) - DPTR skyrocketed above the 50 day moving average located at $1.20. China Infrastructure Investment Corp. Bank of America Corp (BAC) - Bank of America Corporation continues the recent downtrend. Bank of America Corp (BAC) - Bank of America Corporation is still in bottoming mode it looks like. Bank of America Corp (BAC) - Bank of America Corporation continues to hold support which is the recent stock offering price of $15.00. After hitting support in the mid $3.30's, Citi stock ran up to $3.61 area and then pulled back to the mid $3.40's. For a swing trade, wait for the stock to break back through It's high of the day. I expect a blow out earnings report in late January and also expect a new 52 week high soon.

     

     

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