7/15/2012

DOW30 Outlook

You know the trick by now - same procedure as with DAX30. Just noticed, that the stocks I had noted as DOW30 in my charting tool, are not all really within the index any longer. Therefore this is more than 30 equities - you might want to disregard the () ones.


3M (87,59 USD): moving sideways - break-out above 90 would be a buy signal - stay neutral
Alcoa (8,42 USD): consolidating within a down trend. still would see it as neutral.
 

(Altria (35,62): perfect up-trend; did run a little bit too far - overbought; still a long term buy as its a dividend play, too)
American Express (57,93): somewhat interesting; looks like 54 was a catalyst. buts its not trending up.
(AIG (31,44):
no clear picture here - looks like a sideways trend. neutral)
AT&T (35,35): looks like consolidating in a trading range, but in an upwards trend;
BofA (7,82): neutral - did find kind of a support, but not trending
Boing (73,51): 76 USD is the interesting level here; trading between mva200 and the 76. this will count for another neutral one.
 

Cat (82,07): clear downtrend despite the index doing good; short with S/L 87
Chevron (106,01): upper resistance at 110; wait for a break-out - moves side-ways since mid 2011; MVA200 approaching resistance
(Citi (26,65): kind of sideways after being week like bank stocks lately; hold support at 26 currently. neutral)
Cisco (16,31): wild fluctuation - huge gaps at Q-results? keep away from it
CocaCola (77,28):
nice long-term upwards trend; could be fine down to S/L of 74. close to ten year high
 

Disney (48,19): upward trend since Q3'11; could prepare for just the next spike up as it consolidated a little.
DuPont (47,63):
trending down; just crossed the MVA200 downwards; short play til it comes back up at least.
Exxon (85,47): interesting plateau at 88 USD, which it is approaching again. until that - neutral.
GE (19,77): false break-out above 20,3; we should wait to see that level again
HP (18,98):
long term down trend: little bit extended at the moment; still you could try to ride it. S/L at 22? 

Home Depot (52.09): upper resistance at 53 and change; mutli-year-high; if you enter, palce a S/L at 50; maybe wait for the break-out
(Honeywell (54,58): downtrending, maybe forming a bottom at 53; MVA200 almost flat at similar level - neutral)
Intel (25,25): moving downwards at the moment; look like the ASML announcement did not help the stock price; 25 USD is the important level to hold; looks like a neutral lookout so far
IBM (186,01): looks like the climb up has been stopped for now; feels rather bearish; but maybe nothing to short, as 180 seems to provide some support.
 

J&J (68,61): i had clear trend channel (63 to 66); now it jumped above 2011 multi-year-high of 68 USD; enter with S/L at 66
JPM Chase (36,07): highly volatile going nowhere for 10 years; huge trading possibilities, but not from the chart-side; stay away
 

McD (92,29): was at multi-year high at beginning of 2012; could be just at a trend reversal; 91 is important; 95 would be a clear break-out level; S/L at 86;
Merck (43,47): missed the break-out at 39 / 39,5; looks very overextended now. Hardly tradeable
Microsoft (29,39): neutral; peaked at 33 earlier the year; is supported by MVA200 now; but I would not touch it now
Pfizer (22,81): resistance at 23 USD; closing in on it; supported by up-moving MVA200
P&G (65,09): big mulit-year trading range (60 - 68); very volatile between that; neutral
United Tech (73,59): pretty neutral; nothing trade-able
 

Verizon (45,21): strong upward move; apporaching 2007 high at 46; you need a wide S/L here though; not a perfect set up ...
Wal-Mart (73,18):
looks like a pole heading north ... break out level was 65; never stopped on the way up - no S/L level; U could just use a money management stop

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