Wednesday, May 16, 2012

Evening Thread Wednesday

Quite a few charts look like the AAPL chart below. Diving down with not much support or sign of a bottom.  We all know that can change on a dime because some time soon we will have exhausted all the sellers.


HLF is David Einhorns personal yoyo.  It reports blowout earnings and tanks because Einhorn asks a question.  He makes no mention today and so it rallies.  Look to this one to continue to rally particularly in a strong market.


GOOG bucked the trend today and stayed strong all day.  It is now breaking out of a volatility squeeze to the upside and it has done it on a couple of pretty weak days.  Another one on the radar when we get our bear market bounce.