Large Green Candle today to confirm breakout of channel. Higher Highs and Higher Lows.
Critical Level to hold 1391.25 Otherwise we will see a breakdown out of this channel. With a highly likely pullback to the 1200's and lower. (1144) Only then would QE3 be likely. Personally, I think we will hold the 1391 level and trade up towards 1450 again.
I'll be looking for a entry Tuesday morning (9/4/2012) in the 85's. I'll be running a tight stop @ 84.25 The S&P is at a critical level and will make a decisive move to one direction or the other. We should find out which way this week. CAT needs a strong market/economy to make a move into the upper box.
Looking for a re entry in FCX if we get a pullback to 36.5 for a continued run in the new upward channel.
Looking for stochastics to embed to the upside for the next couple months. Making a push to 1500.
Channel breakout into a gap fill prior to earnings on 8/1/2012
GLW is still in my buy zone. Looking for GLW to trade towards upper part of this downward channel and possibly breakout of the channel to the upside around earnings. 7/25/2012