ODP - Office Depot

AFTER AN EXTENDED UPTREND THIS ONE HAS BEEN CONSOLIDATING -- NOTICE HOWEVER THAT THE PRICE HAD FALLEN BELOW THE BOTTOM OF THE TRIIANGLE WHERE PRIOR SUPPORT IS FUNCTIONING AS RESISTANCE -- EXPECTING MINOR UPSIDE NEARTERM AND THEN --THE DECLINE...

MONTHLY CHARTS OF HOMEBUILDERS - TOL LEN KBH CTX BZH

$INDU/$GOLD - $INDU IN BACKGROUND

SLW - SILVER WHEATON

BEEN CONSOLIDATING BETWEEN $8 AND $12 FOR THE PAST YEAR....LOOKS TO BE READY TO START ANOTHER WAVE UP HERE AFTER SOME NICE SIDEWAYS ACTION...ALSO BEEN UNDERPERFORMING THE UNDERLYING PRECIOUS METAL AS OF LATE...

PAAS - PAN AMERICAN SILVER

BROKE OUT OVER $28 THIS WEEK WHICH WAS LONG TERM RESISTENCE...THIS TYPE OF PATTERN USUALLY PRODUCES A GOOD RALLY AFTERCONSOLIDATING FOR A WHILE ABOVE RESISTENCE TURNED SUPPORT...

CDE - COEUR D'ALEINE

EVEN WITH SILVER SPIKING HIGHER THIS SILVER STOCK HAS A LNG WAY TO GO TO NEAR ITS HIGH AND HAS BEEN SERIOUSLY UNDERPERFORMING THE PRECIOUS METAL WHEREAS A FEW YEARS AGO IT HAD BEEN OUTPERFORMING...



DOWN NEAR THE BOTTON OF ITS RANGE EVEN WITH SILVER GAINING STEADILY...CERTAINLY COULD BE CONSIDERED A LOW RISK BUY...

PALM - PALM, INC.

COMING OFF A SEVEN MONTH BASE TRADING BEWTWEEN 13.50 AND THE 16'S...MOVING UP RECENTLY ON HEDGE FUND BUYING AND ALLEGED TAKE OVER POSSIBILITIES...

***UPDATE***PALM HELD UP RELATIVELY WELL DURING THE BIG DOWNTURN... THEN POPPED HUGE IN THE PAST TWO DAYS WITH THE MARKET DOWN HUGE THIS WEEK PALM UP ABOUT 15% ON HUGE VOLUME AS THE TAKEOVER RUMORS ARE COMING TO A HEAD.

CPB - CAMPBELL'S SOUP

IN A SUSTAINED UPTREND FOR A WHILE AND HAS BEEN RIDING RESISTENCE TURNED SUPPORT...REPORTED EARNINGS ON FRIDAY MORNING AND POPPED HIGHER ON BIG VOLUME...

VIP - VIMPEL COMMUNICATIONS

UP HUGE RECENTLY...IF SPECULATION IN EMERGING MARKETS IS REIGNED IN, THIS NAME SHOULD SEE DOWNSIDE...

MCO - MOODY'S

SINCE BOTTOMING OUT ON HUGE VOLUME IN THE SUMMER THIS ONE HAS REBOUNDED ON LIGHTER VOLUME BACK UP TO ITS OLD LEVEL...FROM 46 to 73...JUST REPORTED NUMBERS THAT ARE INFLATED DUE TO A PROPERTY SALE OF ITS 99 CHURCH STREET HEADQUARTERS...BROKE OUT ON LOW VOLUME...

POSSIBLE DOWNSIDE AHEAD...

**UPDATE** - MCO POPPED TO $76 THE DAY OF EARNING ONLY TO REVERSE TO $70 RECOVER BACK TO $73 THEN PLUMMETED TO $66 AND CHANGE BEFORE RECOVERING A BIT **

RUSSELL 2000

LONG CONSOLIDATION ANDTHEN BROKE OUT RECENTLY TO THE UPSIDE...WILL IT BE ANOTHER LONG LEG TO THE UPSIDE??? OR A FAKE OUT...

POOL- SCP Pool

BROKE THROUGH LONG TERM TREND LINE ON HEAVY VOLUME...FOLLOW TO DOWNSIDE

MMC-Marsh McLennan

BEEN BUILDING A BASE SINCE THE CRASH IN '04...WE'LL SEE OVER 33...

BBI - Blockbuster

UP BIG SINCE LATE OCTOBER...UP ON MUCH LARGER THAN AVERAGE VOLUME BY THE END OF THE WEEK...IT MIGHT BE MAKING A NEAR TERM HIGH AS EVIDENCED BY THE BIG VOLUME BOX...

JET BLUE - JBLU

BROKE OUT OVER ITS BIG VOLUME POP AT 15.60 AFTER WORKING OFF THAT MOVE FOR A WHILE ON A LITTLE LOW VOLUME PULLBACK...THIS AIRLINE SECTOR IS "TRENDING" UP..LET IT RUN....

ARCH COAL

OR SHALL I SAY, IF THIS IS A BOTTOM AT ALL...ITS A W BOTTOM PRETTY TEXTBOOK...I'M USING DICK ARMS EQUIVOLUME FROM STOCKCHARTS.COM...




IS THIS A REVERSE HEAD AND SHOULDERS BOTTOM OR A V BOTTOM????

QLGC - ACI - JBLU

Q LOGIC - QLGC













JBLU - JET BLUE







ARCH COAL - ACI

S+P BREAKS OUT

Sources:

http://www.stockcharts.com
http://www.tdameritrade.com

JBLU - Jet Blue

Came off the bottom in the recent airline stock resurgence so the sector is very strong...came out of the base with a high volume pop and has been consolidating...goood chance to go higher....

SLW - Silver Wheaton

Well, this SILVER play is up from 7.95 to a high of 12.08 today in just 6 weeks...
...that is over 50% in less than two months

All I can say is LIQUIDITY...

BERKSHIRE HATHAWAY - CLASS B

Since my post back a couple months BRK/B has taken off...It rode resistance turned support after consolidating its '03 gains for over a two year symmetrical triangle...Broke through the 3200 level after some effort and has used the recent upswing in the markets plus some recent good press citing Berkshire Hathaway as "still undervalued"....

Hold chill out then move higher...

THE HIP HUGGER

I found this charts key feature serendipitously as often happens. We all know that the major indices have been up huge in the past two months...However the recent straight up movement has occurred in unusual fashion, in that price is usually steadily trending above support in these kinds of strong moves...her, ,it is what I call "hugging" resistance...meaning it broke below its original support line as it made its first big breakout from the second leg of the double bottom in the 10,700 area...but instead of continuing down it tenaciously began to ride the former support turned resistance...ALL THE WAY TO DOW 12,000...

Last week however the action just seemed to be getting sloppy meaning...the DJIA was having trouble going higher, that is after Monday's advance...I came up with this chart late afternoon Thursday and low and behold Friday we got the weak GDP number and the market get this actually went down...We'll see what occurs as we go forward...

SINGER OUT