(function() { (function(){function c(a){this.t={};this.tick=function(a,c,b){var d=void 0!=b?b:(new Date).getTime();this.t[a]=[d,c];if(void 0==b)try{window.console.timeStamp("CSI/"+a)}catch(l){}};this.tick("start",null,a)}var a;if(window.performance)var e=(a=window.performance.timing)&&a.responseStart;var h=0=b&&(window.jstiming.srt=e-b)}if(a){var d=window.jstiming.load;0=b&&(d.tick("_wtsrt",void 0,b),d.tick("wtsrt_","_wtsrt", e),d.tick("tbsd_","wtsrt_"))}try{a=null,window.chrome&&window.chrome.csi&&(a=Math.floor(window.chrome.csi().pageT),d&&0=c&&window.jstiming.load.tick("aft")};var f=!1;function g(){f||(f=!0,window.jstiming.load.tick("firstScrollTime"))}window.addEventListener?window.addEventListener("scroll",g,!1):window.attachEvent("onscroll",g); })();

Tuesday, February 19, 2008

Triangle Pattern on Major Indices

We are seeing yet another triangle forming in the major indices after the last one broke down on first trading day of the year. As symmetric triangle can break out either way, keep an eye on them.

Mon: Markets Closed (President Day)

Tue: Minneapolis Fed President Stern to speak about U.S. economy
Notable earnings: ACLI, BCS, CROX, HPQ, HOC, NTRI, NUVA, JOE, UTHR, WMT, WLT, WFMI

Wed: Building Permits, Housing Starts, CPI, FOMC Minutes
Notable earnings: CECO, LFG, LNET, RIG, STP, SINA, OII

Thurs: Leading Indicators, Phil Fed
Notable earnings: ABX, BCSI, EV, CHK, ESRX, JCP, MGM, POOL, PRAA, OSIP, VDSI, GG, HME

Fri:
Notable earnings: LTM


Bullish watchlist: STLD, MCO, EMR, EDU, CNX, MDR, PCP, CEG, CLF, CTRP, AGU, AG, MEE

Bearish watchlist:
FLR, BEN, SYNA, LRCX

Triangles: Some of those in last week's list are still awaiting for breakout. On top of that, I'm including these: HOG, MNST, OSK, YRCW, MUR

0 Comments:

Post a Comment

<< Home