Disclaimer: For education/entertainment purpose only. Invest at your own Risk
Today, I can not upload images to the blog due to some technical issue, so I am just giving the stock names.
On Tuesday, the Dow closed at 12,331 which is 47 points higher than the previous close of 12,283
Note that the trend has changed as the index has gone below the upwards trending channel.
Currently, the market is trendless...neither bullish nor bearish..
The next support level is slightly below 12000 as shown in the chart.
If the index goes below the support level, the trend is supposed to have fully changed to bearish.
Here are some picks:
STEC
http://finance.yahoo.com/q/bc?s=STEC&t=1y&l=on&z=l&q=c&c=
MWP
http://finance.yahoo.com/q/bc?s=MWP&t=1y&l=on&z=l&q=c&c=
BITI
http://finance.yahoo.com/q/bc?s=BITI&t=1y&l=on&z=l&q=c&c=
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