Daily Markets

Google, Inc. (GOOG) - Corey Rosenbloom at Daily Markets

I wanted to follow up and highlight an interesting point in the recent price rally in Google (GOOG) , specifically with regard to the price bounce off the key ‘last support' level I previously mentioned. It's an interesting lesson that's worth repeating , here's the chart: I had mentioned previously that the $520 level was the confirmation point in the otherwise ominous signs, including a bear flag short sell entry (red arrow at $545). Aggressive (risk seeking) traders would go ahead and short at the 20 EMA to play for a new low yet to come, while conservative (risk avoidant) traders would need to see a confirmed break under $520, shattering prior price support, as their entry point short. 

WellPoint, Inc. (WLP) - Robert Reich at Daily Markets

Anthem's parent is WellPoint, one of the largest publicly traded health insurers in America, which runs Blue Cross and Blue Shield plans in 14 states and Unicare plans in several others WellPoint, through Anthem, is the largest for profit health insurer here in California, as it is in Maine, where it controls 78 percent of the market In Missouri, WellPoint owns 68 percent of the market; in its home state, Indiana, 60 percent 

Ceridian Corporation - Guy Lerner at Daily Markets

Ceridian , UCLA Pulse Of Commerce Index By on , 2010 | | The Ceridian , UCLA Pulse of Commerce Index tracks fuel purchases at 7000 truck stops around the country, and the idea is that the index will mirror industrial production providing a timelier snapshot into the state of the economy. The index was developed by the UCLA Anderson Center in conjunction with credit card processor Ceridian I want to thank TL for bringing this interesting data point to our attention 

Novartis AG (NOVN) - Bill Patalon at Daily Markets

Stock Pick: After Switching CEO, Novartis Seems To Be Making All The Right Moves By on , 2010 | | The list of former CEOs is a long one, and has grown substantially as a result of the global financial crisis. Investors find it easy to remember such names as John Thain, G Kennedy Thompson, Charles O "Chuck" Prince III, James E "Jimmy" Cayne and E Stanley "Stan" O'Neal Needless to say, the memories aren't always pleasant 

Apple Inc (AAPL) - Corey Rosenbloom at Daily Markets

Apple (AAPL) investors rode a roller coaster of news and stock price action last week, culminating in a massive sell off in four days from the $215 area to the present $190 level. Let's take a quick look at the Daily chart to highlight a key support level and then link to a video analysis by Adam Hewison who notes the ominous "Bearish Engulfing Line" on the Monthly frame First, the Daily "support" (line in the sand) zone for Apple stock: Notice that volume surged on Tuesday and Wednesday last week, trading roughly 60 million shares each of those two days 

Comerica Inc. (CMA) - Corey Rosenbloom at Daily Markets

First, the Top Ten: Due to earnings, eBay (EBAY) and Estee Lauder (EL) were the top two percentage gainers, followed by financial stock Comerica and then Fifth Third Bancorp "Wait a minute!" you ask , "How can ANY financial company make its way into the top performers today?!" I have a potential answer in my prior post: In fact, 5 of the Top Ten performers (as of the close) were small financial companies (CMA, FITB, KEY, HBAN, and STI) Remember, President Obama appears to be tackling BIG banks, which could provide an opening for small banks to pick up market share, or at least avoid potentially crippling legislation Here is a chart of one of those stocks:  Comerica (CMA): While it's great to focus on the good, let's now turn our attention to the "Bottom Ten" stocks that suffered the largest percentage declines today 

The Boeing Company (BA) - Corey Rosenbloom at Daily Markets

For those who may have missed it, Boeing Stock (BA) broke to new recovery highs out of a rising wedge or ascending triangle pattern on the daily chart, sending prices higher in solid breakout mode. Let's take a look at the daily chart to see this breakout, as well as upper resistance levels to watch and lower support levels to guide traders Starting with the price high of $52 per share, Boeing then moved into a rising consolidation pattern which is a hybrid between a rising wedge (traditionally bearish) and ascending triangle (traditionally bullish) 

Google, Inc. (GOOG) - Corey Rosenbloom at Daily Markets

My contribution for today's post at GreenFaucet's "Technician's Edge " column is entitled " A Look at the Daily Chart of The Two G's:  Google and Goldman ." . In the post, I detail observations and levels to watch on the daily charts of technology giant Google (GOOG): and financial giant Goldman Sachs (GS): I explain how watching the 20 day EMA can help set up trading opportunities in strongly trending stocks like Google, and how the expectation now is for a likely retracement to test the rising 20 EMA… though it would be a testament to the power of the prevailing uptrend if Google surged to new highs here at the upper Bollinger Band In Goldman Sacs, we have two levels to watch , the $180 level represents the 618% Fibonacci Retracement which aligns with the price high , a break above that level would likely target a swing to the 2009 highs above $190 or beyond 

The Goldman Sachs Group, Inc. (GS) - Corey Rosenbloom at Daily Markets

My contribution for today's post at GreenFaucet's "Technician's Edge " column is entitled " A Look at the Daily Chart of The Two G's:  Google and Goldman ." . In the post, I detail observations and levels to watch on the daily charts of technology giant Google (GOOG): and financial giant Goldman Sachs (GS): I explain how watching the 20 day EMA can help set up trading opportunities in strongly trending stocks like Google, and how the expectation now is for a likely retracement to test the rising 20 EMA… though it would be a testament to the power of the prevailing uptrend if Google surged to new highs here at the upper Bollinger Band In Goldman Sacs, we have two levels to watch , the $180 level represents the 618% Fibonacci Retracement which aligns with the price high , a break above that level would likely target a swing to the 2009 highs above $190 or beyond 

The Goldman Sachs Group, Inc. (GS) - Bill Cara at Daily Markets

Looking back at 2009, I think the big story in capital markets is the public's loss of respect for the US Treasury, the Securities and Exchange Commission, the Federal Reserve Bank, Humungous Bank & Broker (HB&B), and the thread that weaves through them all, Goldman Sachs (GS) Does a free capital market even exist today or is it just a sham run by banksters and their bed mates in Washington? Well, mainstream media (MSM), often criticized by independent bloggers, has spoken in the form of the McClatchy Reports on Goldman Sachs