-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Trade Ideas for Thursday - Amazon and Intel » | Triple your money with Trinity Industries » | Top picks for Tuesday - Monsanto and Trinity Indus... » | AC Investor Blog has set a new high : 2028 unique ... » | Top picks for next week - APOL, RIMM, MYL, PSD » | The coldest place on Earth » | Top picks for Friday - TRN and CSIQ » | Stock Picks and Trade Ideas for Thursday - AKS, NO... » | Top picks - CIEN and ADBE » | Trade Ideas for Tuesday - Ciena and LDK Solar » 

Friday, January 16, 2009 

Trade Ideas for Friday - LM, CEO, CME

Chart courtesy of www.stockcharts.com ( click to enlarge )

CEO - Taking a short-term perspective, the stock have traded within an uptrend channel since November 2008. A break below the 80 level would indicate a break of the short term uptrend line, while allowing the stock to move all the way down to 72. However, for now this scenario is unlikely, based on today's close. Right now, it might rebound from here and head toward the channel resistance.

Chart courtesy of www.stockcharts.com ( click to enlarge )

LM - The near-term outlook is bearish. Technicals are currently oversold but remain neutral to bearish signaling sideways to lower prices possible in the near term. Only a close above 22.70 will confirm the short term low for the stock. I'm looking for a good trade if the prices close above this level. On the downside the next target is 18.07. Remain invested with a stop loss at 19.07 ( Dma 50 ).

Chart courtesy of www.stockcharts.com ( click to enlarge )

CME - Trendline support has been broken today on the daily chart at 175 with the next target at 156. I would exit longs at this time. An aggressive trader may want to short CME here. Technically, the stock is in a Bearish mode with MACD below signal line and the price below both 50 and 200 day moving averages.

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 Folks. See you tomorrow !!!


Labels: , ,

Bookmark and Share


About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google