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Monday, December 21, 2009 

Stock Market Ideas for Tuesday - JDS Uniphase Corporation and Allied Irish Banks

( click to enlarge )

I'm watching JDSU because it looks like the stock wants to do something. The stock was strong on Monday as the stock closed up $0.16 on the day. I'm buyer of JDSU if it can break through Monday’s high of $8.01. If the stock breaks resistance, you will see the stock move very quickly as traders like to hop onto the stock once it gets going. Keep JDSU on your radar for Tuesday.

( click to enlarge )

AIB was a winner on Monday, as the stock ended the day up $0.62. The stock closed strong on the day, which leads me to believe there is another move on Tuesday. Let’s see whether the stock can gather enough momentum to break through $4. If the Bulls are able to push through this level, there will be another rally towards $4.33.

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 !!!


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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.

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