Wednesday, December 7, 2011

DOW, OIL and others

Couple of very interesting charts...

Index view: Dow seems to be holding a narrow range with 11700-1800 levels on the downside and 12300 on the upside.. Keep an eye on TLT chart posted yesterday any weakness there might suggest a santa rally which might take it upto 12700-12800 levels..

Oil view: WTIC seems to have found a strong support near 100 mark... on the upside it might test 102.50-103 which appears to be a stiff resistance zone..

Stock specific views: Just like GOOG chart posted yest another one that looks really interesting long setup is EQIX, above 105-110 levels might see a quick 10-15% move.. something to keep an eye on.... Other then that a few names that appear good on the long side are GRA, CVH, ARW, ALB, ABT....

Charts of all 3 are posted below for quick glance...












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