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The SPX closed over the 50 day moving average on Friday and MACD is turning up. Volume was light Friday, but the market also could have gone down on light volume, but it didn’t, so I’m playing long. Charts look better again, so lets see if the bulls can goose this thing for the balance of July.
IRBT– The technicals look good here after its little 2 day pullback to the 10 day moving average last week. If the market can rally this week, I see this one higher. Buy the 41.12 spot
ABAX closed almost at its breakout point on Friday. Buy 49.50 area.
TROW-Asset managers are starting to regroup. Buy the 76.25. Popped through downtrend channel on Friday.
STT is at lateral resistance. Buy the 68.18 level.
CLVS has had a great year, but looks higher if it can break above resistance here. Buy the 77 level
IMMU is a biotech that may be gearing up for a breakout. Buy the 5.76 level.
Hope you all had a relaxing weekend. I’ll see you in the chat room soon.