$TRAN

A test of the transportation index secondary trend is intresting to me as oil actually fell this week. This is definitely a chart to watch for indcations of the overall market.

This sure looks like a HUGE Inverse H&S pattern indicating OIl will stay low or may even fall more boosting transy profits.

Or would a failure to penetrate 4142 indicate oil may be moving higher driving the Transportation stocks lower?

Either way set an alert at 4100 as a reminder to check the transportation stocks like BA, CAL, DRYS, EXM, GMR, LMT, RIG

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YHOO triangle

Bullish but wait for entry at lower level 14.

A buy stop above 17.80 would catch the break out move to 24. Set it and for get it.

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RIMM

err umm, looking for a lower level to get long maybe south of 65

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TOL

Long
Stop = 19.36

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CTZN

Bottom fishing a bank

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POT

Long POT
stop 85.45

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$SPX

Range 1014 - 1121

5 week SMA = 1040

If 1040 breaks 1014 is a certianty.

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UUP

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MCD

McDonald's boosted there dividend to $0.55 per quarter. I've not checked the yield yet, but bottom line is Mickey D's is a GREAT play for the kids portfolio and a long term hold. Especially when you consider the growth in China.

Look to get in below $55 with a stop below the ascending triangle or 53.85.

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RIMM shot at earnings

RIMM reported earnings at the close missing revenue targets and guiding lower on forecast. The after hours quote shows it shedding another 6 points at the open tomorrow.

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MO

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SPY

Indices sold off on the tick of the 50% Fib. The Kool-Aid has been served, but the vodka is still on ice. Be careful....

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Ford Folly

Hope you got on board. I've already sold half and now have a "free trade"...WAHOOO

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FCX 5yr weekly

A closer look shows it will not be a short till the trend is broken. Take note of the 200 week SMA at 65.45, a rising 5/20 week SMA, & and the turn of the 50 week SMA. ALL BULLISH.

One thought would be to get long above 73.30 with a corresponding cover and short oder below 73.

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FCX

Freeport Mcmoran is the best breed of miners when it comes to gold and copper. On this 20 yr Quarterly you can see why 73.12 is an important level.

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ARO

When this finally rolls over it's gonna fall hard...Waiting for a break of trend.

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LLL

Looking for things to short.....

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EUR/USD

Nothing bearish on the Euro/Dollar and room to go.

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BAC

Bank of America upgraded by Dick Bove from $19 to $25. But I bet he'll be selling into strength above $22.

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VZ

Verizon on a long term play. This 20 year monthly shows the Fib Fans act as support/resistance. A buy plan could be to nibble here with 25% adding 25% more around the 27.50, 25 and 22.50 price levels.