Wednesday, June 2, 2010

Hump Day Candles

[Note, 10:16 pm Hawaii time: Adds candlestick analysis by American Bulls on daily (black) charts.]

2-day charts (5-minute bars)
Apple (AAPL 263.95 +3.12 +1.20%)
Bear trap to close Tuesday ... bull trap to close Wednesday?


FAS (24.42 +1.82 +8.06%)
I don't trust the financials, but watch closely. US fins still coupled with Euro banks.


FAZ (14.60 -1.32 -8.29%)


SCO (15.56 -1.84 -3.77%)
Inverse oil ETN leveling out as BP finds its footing


Daily charts from AAPL to VXX
American Bulls: AAPL was a buy at 259 on Tuesday; currently a "hold"

American Bulls: BIDU is a "buy-if"

American Bulls: BP is a "wait"

American Bulls: C was a buy on May 21 (3.63) and remains a "hold"

American Bulls: DNDN remains a "wait"

American Bulls: FAS remains a "wait"

American Bulls: FAZ was a buy on June 1 (15.43) and remains a "hold"

American Bulls: FXE is a "wait"

American Bulls: GLD was a buy on May 25 (117.16) and is now a "sell-if"

American Bulls: GOOG was a buy on May 27 (484.86) and remains a "hold"

American Bulls: GS remains a "wait"

American Bulls: IMAX remains a "wait"

American Bulls: IRE was a "buy confirmed" today at 4.92

American Bulls: JMBA is a "buy-if"

American Bulls: NBG remains a "wait"

American Bulls: NFLX was a buy on May 25 (101.62) and remains a "wait"

American Bulls: QQQQ remains a "wait"

American Bulls: SLV remains a wait

American Bulls: SPY is a "buy-if"

American Bulls: STD was a "buy confirmed" today at 9.84

American Bulls: TLT was a buy on May 19 (95.98) and remains a hold

American Bulls: TYH is a "buy-if"

American Bulls: USO remains a "wait"

American Bulls: UUP remains a "wait"

American Bulls: VXX was a buy on May 6 (24.01) and is now a "sell-if"

American Bulls: X is a "buy-if"


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