Stock Thoughts

volker rule 300x178 Stock Thoughts

Yesterday the market did its thing in the first half hour of trading then chopped around for the balance of the day.

Here are few names I’m watching:

$KEY doesn’t care about the Volker rule and the chart looks ready for a breakout.

$YELP is forming a cup on the daily and may be ready to tag the 50 day moving average around 66.50

$BIDU watch for continuation as it finally attempted a breakout yesterday.

$FB at the 50 day MA, I think this will play catch up to $TWTR and $LNKD soon

$GOOG wants 1100+ by Christmas.

$IBM I still think it wants lower into year end.

$IFN India starts plays higher in 2014

Good trading

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Joe Donohue

Joe is a full time trader with 25 years experience. He is a senior contributor and investor in Stocktwits and has been seen on CNN Money and quoted in Marketwatch, Forbes, Reuters, NY Times and Wall Street Journal.