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Friday, November 16, 2007 

Recession is on the table again and markets are worried

Chart courtesy of stockcharts

YHOO - Yahoo shares were up today more than 1.4% to 25.44, with 27 million shares changing hands. Although I was bullish on Yahoo earlier, if it falls out of this area on a closing basis it could make a decent short.

Chart courtesy of stockcharts

NTAP - Network Appliance shares were down today more than 1.5% to $26.20. Once again, stock failed to move up after earnings and close the day near the major support. So, tommorow keep an eye on NTAP for a possible break down of this support, or for a bounce.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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