TOL - Toll Brothers

Is it time to short TOL?

The Gap might need to fill.

ICUI - ICU Medical

ICUI - A small channel up looks good for a buy on pullbacks, and scaling in. The chart is also
creating an inverted H&S pattern.

CIEN - Ciena Corp

Short term trading on CIEN
Might be a good Buy on the Pullback..

GEL - Genesis Energy

Creating a nice channel up. Gap may want to fill. Play within the channel, you might want to scale in on the pull backs.

IAG - Iamgold Corporation

On the Economy

Vincent Reinhart: The influential former Fed economist sees a growing risk of a double-dip recession in the U.S.

"By lowering or eliminating the rate on excess reserves, banks would at least be forced to invest in government debt or corporate commercial paper even if they refuse to make more loans," says Alan Blinder, the Princeton economist who was a vice chairman of the central bank during the Clinton administration. "This is by no means a major weapon in reviving the economy, but the move would be marginally helpful."

The record also shows that recessions tend to occur whenever the high yield bond spread’s month-long average tops 700 bp. The only exception to this tendency was the second half of 2002, or when a recession failed to materialize notwithstanding the high yield bond spread’s 784 bp average of that span.

That’s the worry in the market as of Friday. If you look at CDS spreads from last week we see enormous moves across the board. And while Greece appears to be on the chopping block for some sort of haircut, it’s actually the other periphery nations that are becoming a concern. The markets appear to be telling us that if Greece goes then Portugal is next. And you can imagine where we go from there. Ireland, Italy and Spain are quickly moving up the list….

TXN - Texas Instrument

Texas Instruments (TXN) numbers reduced at Oppenheimer.Shares of TXN now seen reaching $37. Estimates also cut, given lower expected order rates. Outperform rating.

Kaufman Brothers’ Mike Burton thinks the 3% growth that TI originally forecast for the quarter looks “aggressive,” and instead he sees results coming in flat, based on “sub-seasonal trends we are picking up from our channel checks,” and also results from “analog peers.”

-Link

Svanberg sees “sluggish order rates and a heightened degree of pessimism in relation to 2H11 demand trends,” with weakness “broad-based” and not limited to any one market.

-Link

AMAT - Applied Materials

AMAT - Applied Materials on a down channel, and on support.

OPEN - OpenTable Inc.

TLT - 20 year Treasury ETF

TLT breaking out from the Ascending Triangle Pattern. Looks to retrace back to 98.00 watch if it would be touching the 200ma.

TLT - 20 year Treasury ETF

TLT breaking out. I'll be posting a chart soon when I get the time.

DOX - Amdocs limited

Nice double bottom on DOX. As you can see it is breaking the neck line, DOX also had a high volume. This stock may look to push higher, especially if this political news about the debt plan starts to ease off.
TRADE AT YOUR DISCRETION!

BRCM - Broadcom Corp

BRCM - Broadcom Corp.
Looks like it might be developing an Inverted Head & Shoulders.
This stock might be a good buy. Look to enter on a pullback.
Possible entry at 34.15

BAC– Bank of America

 

Bank of America. A nice channel down it’s a risky trade. A good entry would be at $9.30

GLW Falling wedge

GLW – Corning Inc.
A good area to be buying.
However, Earnings Call is very close at 7/27/11.
The low for this stock last year is at $15.45

RIG - Down Channel

RIG (Transocean Ltd.) -
Offshore contract drilling services.







The Truth About Day Trading Stocks: A Cautionary Tale About Hard Challenges and What It Takes To Succeed (Wiley Trading)

Down Channel - FHN

Stocks NLY - Annaly Capital Management

Nice Channel to trade. This stock has been consolidating for over 10months, and looks ready to break.

Possible Entry at 17.50.