A few notable charts for you this morning and going forward, before the long weekend party impulse fully sets in.
Pandoro is moving impressively higher after earnings. I would not chase it here, but the post-IPO bearish-to-bullish reversal case that we discussed many times this year is still in effect. I am looking to buy consolidations in this name. (See Also: Are You Still Listening to Pandora’s Chart? and Bears Not Quite Shutting Pandora’s Box)
Next, Salesforce is selling off sharply this morning. Looking at the weekly chart, second below, if that $40 is lost we are looking not only at a key, multi-year level breached but also confirmation of a double-top. It has had a great run over the past few years, but it sure has become sloppy of late.
I will be back in a bit with a look at the broad market.
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Love when girls wear white nail polish, hoyt
She gave you some thumb action there.
racist